Core Insights - Brighthouse Financial, Inc. (BHF) reported second-quarter 2025 adjusted earnings of $3.43 per share, missing the Zacks Consensus Estimate by 27% and reflecting a year-over-year decline of 38.4% [1][9] - The lower-than-expected results were attributed to reduced premiums and lower net investment income, although total expenses decreased significantly [1][9] Financial Performance - Total operating revenues for the quarter were $2.2 billion, down 2.9% year over year, primarily due to lower universal life and investment-type product policy fees and net investment income, missing the consensus estimate by 2.1% [2] - Premiums amounted to $166 million, an 8.3% decrease year over year, falling short of the Zacks consensus estimate of $200 million [2] - Adjusted net investment income was $1.3 billion, down 1.8% year over year, mainly due to lower income from alternative investments, with an investment income yield of 4.28% [3] - Total expenses were $778 million, a nearly 45% decrease from $1.4 billion year over year, which partially offset the revenue decline [3] Segment Performance - Annuities generated an adjusted operating income of $332 million, remaining flat year over year, with annuity sales increasing 8.4% to $2.6 billion, driven by stronger fixed annuity sales [4] - Life insurance segment reported an adjusted operating loss of $26 million compared to earnings of $42 million in the prior year, with life insurance sales increasing 17.8% quarter over quarter to $33 million [5] - The Run-off segment recorded an adjusted operating loss of $83 million, wider than the previous year's loss of $30 million, while Corporate & Other had an adjusted operating loss of $25 million compared to earnings of $2 million in the prior year [6] Financial Position - Cash and cash equivalents increased by 24.7% year over year to $5.5 billion, while shareholders' equity rose 37% to $5.7 billion [7] - Book value per share, excluding accumulated other comprehensive income, was $144.09 as of June 30, 2025, reflecting a 12.3% year-over-year increase [7] - Statutory combined total adjusted capital was $5.6 billion as of June 30, 2025, up 3.7% year over year [7] - The estimated combined risk-based capital ratio was in the range of 405-425% as of June 30, 2025 [8] Share Buyback Program - Brighthouse Financial repurchased shares worth $43 million in the second quarter of 2025, bringing the year-to-date total to $102 million [10]

Brighthouse Financial, Inc. Second Quarter 2025 Earnings Call Presentation For the reasons described above, we caution you against relying on any forward-looking statements, which should also be read in conjunction with the other cautionary statements included and the risks, uncertainties and other factors identified in our Annual Report on Form 10-K for the year ended December 31, 2024, particularly in the sections entitled "Risk Factors" and "Quantitative and Qualitative Disclosures About Market Risk," as ...

F&G Annuities & Life (FG) Q2 2025 Earnings Call August 07, 2025 09:00 AM ET Company ParticipantsLisa Foxworthy-Parker - SVP, Investor & External RelationsChris Blunt - CEOConor Murphy - President & CFOConference Call ParticipantsJohn Barnidge - MD & Senior Research AnalystMark Hughes - AnalystAnling Chen - Equity Research AnalystOperatorGood morning, and welcome to F and G's Second Quarter twenty twenty five Earnings Call. During today's presentation, all callers will be placed in listen only mode. Followin ...

Core Insights - Fidelity National Financial, Inc. reported a net earnings of $278 million for Q2 2025, a decrease from $306 million in Q2 2024, resulting in earnings per diluted share of $1.02 compared to $1.12 in the previous year [2][3][6] - Adjusted net earnings for the same period were $318 million, or $1.16 per share, down from $338 million, or $1.24 per share, in Q2 2024 [3][6] - The company continues to generate healthy free cash flow, allowing for share repurchases and dividends totaling over $450 million year-to-date [5][9] Financial Performance - Total revenue for Q2 2025 was $3.635 billion, an increase from $3.158 billion in Q2 2024 [6][9] - The Title Segment generated $2.2 billion in revenue, a 15% increase from $1.9 billion in Q2 2024, with an adjusted pre-tax title margin of 15.5% [9][17] - F&G Segment achieved record assets under management (AUM) of $69.2 billion, up 13% from the previous year, with gross sales of $4.1 billion [5][12][18] Segment Contributions - The Title Segment contributed $260 million to net earnings in Q2 2025, compared to $241 million in Q2 2024 [9] - The F&G Segment contributed $89 million in net earnings for Q2 2025, down from $122 million in the same quarter last year [9] - The Corporate Segment reported an adjusted net loss of $3 million for Q2 2025, compared to adjusted net earnings of $2 million in Q2 2024 [9] Market Conditions and Strategic Actions - The company noted challenges in the residential housing market due to elevated mortgage interest rates and high home prices, yet remains well-positioned for future growth [5][8] - FNF repurchased 2.9 million shares for $159 million in Q2 2025, reflecting a dynamic capital allocation strategy [5][9] - The company is focused on driving efficiencies and expanding profitability across its operations [8][9]

CARMEL, Ind., Aug. 6, 2025 /PRNewswire/ -- CNO Financial Group, Inc. (NYSE: CNO) announced today that its Board of Directors has declared a quarterly cash dividend of $0.17 per share on the company's common shares. The dividend will be payable September 24, 2025, to shareholders of record at the close of business on September 10, 2025.About CNO Financial GroupCNO Financial Group, Inc. (NYSE: CNO) secures the future of middle-income America. CNO provides life and health insurance, annuities, financial servic ...

Key Takeaways LNC posted Q2 EPS of $2.36, topping estimates by 23.6% and rising 28.3% year over year.Quarterly revenues rose 4.4% to $4.7B, driven by premiums, deposits and Group Protection strength.Total expenses fell 21.2%, while net investment income grew 10.1% to $1.5B, beating estimates.Lincoln National Corporation (LNC) reported second-quarter adjusted earnings per share of $2.36, which surpassed the Zacks Consensus Estimate by 23.6%. The bottom line climbed 28.3% year over year.Adjusted operating rev ...

Genworth Financial (GNW) Q2 2025 Earnings Call July 31, 2025 09:00 AM ET Company ParticipantsChristine Jewell - Head - Investor RelationsThomas McInerney - President, CEO & DirectorJerome Upton - Executive VP & CFORyan Krueger - Managing DirectorGregg Karawan - EVP & General CounselPeter Enderlin - Portfolio ManagerJosh Esterov - Head of US Insurance ResearchColin Devine - PrincipalOperatorGood morning, ladies and gentlemen, and welcome to Genworth Financial's second quarter twenty twenty five earnings conf ...

Genworth Financial (GNW) Q2 2025 Earnings Call July 31, 2025 09:00 AM ET Speaker0Good morning, ladies and gentlemen, and welcome to Genworth Financial's second quarter twenty twenty five earnings conference call. My name is Terren, and I will be your coordinator today. At this time, all participants are in a listen only mode. We will facilitate a question and answer session towards the end of this conference call. As a reminder, the conference is being recorded for replay purposes.Also, we ask that you refr ...

Financial Data and Key Metrics Changes - Adjusted operating income increased by 32% year over year, reaching $427 million or $2.36 per diluted share [4][27] - Net income available to common stockholders was $688 million or $3.80 per diluted share, reflecting positive market risk benefits [27] - The estimated RBC ratio remained above 420%, consistent with the company's strategy to maintain a capital buffer above the 400% target [43] Business Line Data and Key Metrics Changes - Group Protection business achieved record earnings of $173 million, up 33% year over year, with a margin increase to 12.5% [28][18] - Annuities generated operating income of $287 million, slightly down from $297 million in the prior year, primarily due to traditional variable annuity outflows [35] - Life Insurance reported operating earnings of $32 million, a significant improvement from an operating loss of $35 million in the prior year [40] Market Data and Key Metrics Changes - All four business segments delivered double-digit sales growth in the first half of the year, with notable contributions from previously non-key products [8] - Retirement Plan Services saw first-year sales increase by nearly 50% year over year, with total deposits up by 10% [22] Company Strategy and Development Direction - The company is focused on increasing risk-adjusted returns, reducing volatility, and growing its franchise through a disciplined growth strategy [5][24] - Strategic investments are being made in higher-margin products and segments, enhancing digital capabilities, and optimizing the operating model [7][8] - The company aims to deepen its strategic moat and evolve into a more agile, scalable organization [24] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the company's trajectory, emphasizing the importance of disciplined execution and strategic clarity [25][48] - The economic backdrop remains volatile, but the company is committed to delivering long-term value and sustainable growth [8][24] Other Important Information - The company has launched a Bermuda-based reinsurance subsidiary to enhance its investment strategy [7] - The alternative investment portfolio achieved a 10% annualized return, contributing positively to overall earnings [27][47] Q&A Session Summary Question: On group and the shift into smaller local markets and supplemental health products - Management highlighted the successful execution of a targeted segment strategy, particularly in local markets and supplemental health, which are expected to drive margin expansion [50][51] Question: On the restructuring of the Life Captives - Management indicated that specifics on the impact of restructuring on earnings and free cash flow would be provided once more concrete details are available, with potential impacts expected in the following year [62][64] Question: On RILA product sales and market competition - Management reported a 32% increase in RILA sales year over year, attributing growth to the introduction of a second-generation product and expanding distribution segments [67][69] Question: On free cash flow conversion guidance - Management expressed confidence in the long-term free cash flow conversion rate being above previous targets, especially with the deployment of Bain Capital [74][76] Question: On distribution strategies in the group business - Management emphasized the importance of strategic broker relationships and investments in digital capabilities to enhance competitive differentiation and drive growth [80][82] Question: On external reinsurance solutions - Management is exploring options for external reinsurance focused on the legacy life block, with the potential for less reliance on structured deals due to deployable excess capital [88]

Financial Performance - Adjusted operating income increased by 32% year-over-year (YoY), marking the fourth consecutive quarter of YoY growth[7, 13] - Adjusted operating income was $427 million, or $2.36 per share[12] - Group Protection achieved record earnings, up 33% YoY, with a record margin of 12.5%, a 250 basis points increase[13] - Life Insurance reported earnings of $32 million, supported by in-line alternative investment income and favorable mortality[7, 13] Sales and Growth - Annuities sales increased by 5% YoY, driven by a diversified product mix[7, 13] - Group Protection sales increased by 16% YoY, fueled by local market and supplemental health sales[13] - Life Insurance sales increased by 15% YoY, driven by momentum in risk-sharing products[13] - Retirement Plan Services experienced strong deposit growth, up 10% YoY[13] Capital and Leverage - Estimated Risk-Based Capital (RBC) ratio is greater than 420%, exceeding the 400% target[7, 13] - Leverage ratio improved by 330 basis points YoY to 25.6%, primarily due to equity growth[7, 13] - The company issued $1 billion in P-Caps, increasing access to on-demand capital and extending duration to 2055[13]