CHARLOTTE, N.C. (AP) _ Brighthouse Financial Inc. (BHF) on Monday reported fourth-quarter net income of $1.44 billion.
On a per-share basis, the Charlotte, North Carolina-based company said it had net income of $12.14. Earnings, adjusted for non-recurring gains, were $1.56 per share.
The results fell short of Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for earnings of $1.74 per share.
The annuity and life insurance company posted revenue of $4.03 billion in the period.
For the year, the company reported profit of $865 million, or $7.21 per share. Revenue was reported as $8.97 billion.
Brighthouse Financial shares have climbed 17 percent since the beginning of the year. The stock has decreased 37 percent in the last 12 months.
This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on BHF at https://www.zacks.com/ap/BHF