CHARLOTTE, N.C. (AP) — CHARLOTTE, N.C. (AP) — Brighthouse Financial Inc. (BHF) on Thursday reported a fourth-quarter loss of $941 million, after reporting a profit in the same period a year earlier.
On a per-share basis, the Charlotte, North Carolina-based company said it had a loss of $14.01. Earnings, adjusted for non-recurring costs, came to $3.51 per share.
The annuity and life insurance company posted revenue of $454 million in the period. Its adjusted revenue was $2.02 billion, surpassing Street forecasts. Five analysts surveyed by Zacks expected $2 billion.
For the year, the company reported net income of $5 million, or $1.36 per share, swinging to a profit in the period. Revenue was reported as $8.25 billion.
Brighthouse Financial shares have climbed 13% since the beginning of the year. In the final minutes of trading on Thursday, shares hit $57.84, a decrease of almost 3% in the last 12 months.
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