CHARLOTTE, N.C. (AP) _ Brighthouse Financial Inc. (BHF) on Thursday reported a third-quarter loss of $3 billion, after reporting a profit in the same period a year earlier.
The Charlotte, North Carolina-based company said it had a loss of $32.49 per share. Earnings, adjusted for non-recurring costs, were $4.19 per share.
The results topped Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of $3.31 per share.
The annuity and life insurance company posted revenue of $309 million in the period. Its adjusted revenue was $2.1 billion.
Brighthouse Financial shares have decreased 15% since the beginning of the year. In the final minutes of trading on Thursday, shares hit $33.21, a decline of 19% in the last 12 months.
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