2Q Roundup: Brighthouse Posts Loss; Insurers Face LTC Pain

August 13, 2018 by Cyril Tuohy

Brighthouse Financial on Monday reported a second-quarter loss of $239 million as expenses rose and investment income dropped, the company said.

The Charlotte, N.C.-based company, a big seller of annuities, reported a profit of $246 million in the year-ago quarter.

Brighthouse, which celebrated its first-year anniversary as a publicly traded company, expects to reach its year-end targets, CEO Eric Steigerwalt said in a conference call.

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Originally Posted at InsuranceNewsNet on August 8, 2018 by Cyril Tuohy.