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年第一季度業績電話會議記錄摘要：
Financial Performance:
財務業績：
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擁有13億美元的流動資產。
他們估計加拿大皇家銀行的比率在415％至435％之間，在目標範圍內。
該公司在2024年第一季度通過普通股回購向股東返還了6200萬澳元的資本，自2018年以來股票減少了近50％。
2024年第一季度，SHIELD年金總銷售額爲19億美元，連續增長2％，同比增長20％。
第一季度年金總銷售額爲29億美元，環比增長5％，同比增長3％。
2024年第一季度稅前公司支出爲2.07億美元，同比下降1％，環比下降15％。
Business Progress:
業務進展：
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繼續專注於維持穩健的資產負債表、執行增長戰略和實行嚴格的費用管理。
SHIELD年金產品套件繼續穩步增長，這使Brighthouse Financial成爲註冊指數掛鉤年金市場的領導者。
由於年金銷售的穩定增長和傳統業務的外流，業務結構發生了重大變化。預測顯示，到2027年，基於點差的業務將佔年金產品組合的約55％。
人壽保險銷售額穩步增長，2024年第一季度同比增長26％，達到2900萬美元。
該公司擴展到工作場所渠道，與貝萊德合作開發了LifePath Paycheck解決方案。
Brightouse預計，由於美國勞工部規定，潛在的合規成本上漲，銷售強勁，但影響微乎其微。
該公司預計，全年將LifePath Paycheck上線將對銷售產生積極影響。
Brightouse的SHIELD產品繼續快速增長，吸引了競爭，但保持了良好的競爭地位。
More details: Brighthouse Financial IR
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