Earnings Call Summary | Brighthouse Financial(BHF.US) Q1 2024 Earnings Conference
Earnings Call Summary | Brighthouse Financial(BHF.US) Q1 2024 Earnings Conference
The following is a summary of the Brighthouse Financial, Inc. (BHF) Q1 2024 Earnings Call Transcript:
以下是Brighthouse Financial, Inc.（BHF）2024年第一季度财报电话会议记录摘要：
Financial Performance:
财务业绩：
Brighthouse Financial ended Q1 2024 with $1.3 billion in liquid assets at the holding company.
They estimated an RBC ratio between 415% and 435%, within their target range.
The company returned $62 million of capital to shareholders through common stock repurchases in Q1 2024, reducing shares by almost 50% since 2018.
Total SHIELD annuity sales were $1.9 billion in Q1 2024, a 2% sequential increase and 20% YoY increase.
Total annuity sales were $2.9 billion in Q1, up 5% sequentially and 3% YoY.
Q1 2024 pre-tax corporate expenses were $207 million, a 1% decrease YoY and a 15% decrease sequentially.
截至2024年第一季度，Brighthouse Financial拥有13亿美元的流动资产。
他们估计加拿大皇家银行的比率在415％至435％之间，在目标范围内。
该公司在2024年第一季度通过普通股回购向股东返还了6200万澳元的资本，自2018年以来股票减少了近50％。
2024年第一季度，SHIELD年金总销售额为19亿美元，连续增长2％，同比增长20％。
第一季度年金总销售额为29亿美元，环比增长5％，同比增长3％。
2024年第一季度税前公司支出为2.07亿美元，同比下降1％，环比下降15％。
Business Progress:
业务进展：
Brighthouse Financial continued to focus on maintaining a robust balance sheet, executing growth strategies, and practicing disciplined expense management.
Steady growth in SHIELD Annuity product suite continued, which placed Brighthouse Financial as a leader in the Registered Index-Linked Annuity market.
Business mix significantly shifted due to steady annuity sales growth and outflows of legacy business. Predictions show that by 2027, spread-based business will make up approximately 55% of annuity product mix.
Life insurance sales experienced steady growth with a 26% YoY increase in Q1 2024 to $29 million.
The company expanded into the worksite channel, partnering with BlackRock on its LifePath Paycheck Solution.
Brighthouse expects robust sales and minor impacts from potential higher compliance costs due to the DOL rule.
The company expects a positive impact on sales from bringing LifePath Paycheck online throughout the year.
Brighthouse's SHIELD product continues its rapid growth, attracting competition but maintaining a promising competitive positioning.
Brightouse Financial继续专注于维持稳健的资产负债表、执行增长战略和实行严格的费用管理。
SHIELD年金产品套件继续稳步增长，这使Brighthouse Financial成为注册指数挂钩年金市场的领导者。
由于年金销售的稳定增长和传统业务的外流，业务结构发生了重大变化。预测显示，到2027年，基于点差的业务将占年金产品组合的约55％。
人寿保险销售额稳步增长，2024年第一季度同比增长26％，达到2900万美元。
该公司扩展到工作场所渠道，与贝莱德合作开发了LifePath Paycheck解决方案。
Brightouse预计，由于美国劳工部规定，潜在的合规成本上涨，销售强劲，但影响微乎其微。
该公司预计，全年将LifePath Paycheck上线将对销售产生积极影响。
Brightouse的SHIELD产品继续快速增长，吸引了竞争，但保持了良好的竞争地位。
More details: Brighthouse Financial IR
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