CHARLOTTE, N.C. (AP) _ Brighthouse Financial Inc. (BHF) on Monday reported third-quarter net income of $683 million, after reporting a loss in the same period a year earlier.
On a per-share basis, the Charlotte, North Carolina-based company said it had net income of $6.06. Earnings, adjusted for non-recurring gains, came to $2.33 per share.
The results exceeded Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of $2.22 per share.
The annuity and life insurance company posted revenue of $3.19 billion in the period.
Brighthouse Financial shares have increased 31% since the beginning of the year. In the final minutes of trading on Monday, shares hit $40.07, a fall of 2% in the last 12 months.