Vonda Huss, Executive Vice President and Chief Human Resources Officer at Brighthouse Financial , Inc. (NASDAQ:BHF), recently sold 3,000 shares of the company’s common stock. The transaction, which took place on December 2, 2024, was executed at a price of $52.21 per share, amounting to a total of $156,630. Following this sale, Huss retains ownership of 16,848 shares in the company. The transaction was conducted under a pre-established Rule 10b5-1 trading plan, which Huss adopted on March 2, 2024.
In other recent news, Brighthouse Financial reported its Q3 2024 earnings, emphasizing a strong capital position despite a decline in adjusted earnings compared to previous quarters. The company reported adjusted earnings of $243 million, down from earlier quarters, but offset by a favorable actuarial assumption review. Brighthouse Financial also highlighted ongoing stock repurchases and sales growth in annuity and life insurance products.
The company's year-to-date annuity sales reached $7.8 billion, marking a 15% increase in Shield Annuity products. Life insurance sales also saw a positive trend, growing by 19% to $87 million. The company's strategic efforts to restore its risk-based capital (RBC) ratio to 400%-450%, currently estimated between 365%-385%, were also noted.
Brighthouse Financial is in the process of concluding a reinsurance agreement expected to boost the RBC ratio. The company maintains a strong cash position, with holding company liquid assets standing at $1.3 billion, and $64 million in stock repurchased in Q3. These recent developments indicate the company's ongoing commitment to improving capital efficiency.
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