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PUBLIC RELATIONS Brighthouse Financial , Inc. 11225 N. Community House Rd . Charlotte , NC 28277 FOR IMMEDIATE RELEASE . Brighthouse Brighthouse Financial Announces First Quarter 2021 Results Estimated combined risk - based capital ( " RBC " ) ratio between 500 % and 520 % ; holding company liquid assets of $ 1.6 billion The company repurchased $ 123 million of its common stock year - to - date through May 7 , 2021 Annuity sales increased 8 % over the first quarter of 2020 ● FINANCIAL Life sales increased 44 % over the first quarter of 2020 First quarter 2021 net loss available to shareholders of $ 610 million , or $ 6.96 per diluted share First quarter 2021 adjusted earnings , less notable items * , of $ 428 million , or $ 4.86 per diluted share CHARLOTTE , NC , May 10 , 2021 - Brighthouse Financial , Inc. ( " Brighthouse Financial " or the " company " ) ( Nasdaq : BHF ) announced today its financial results for the first quarter ended March 31 , 2021 . First Quarter 2021 Results The company reported a net loss available to shareholders of $ 610 million in the first quarter of 2021 , or $ 6.96 per diluted share , compared with net income available to shareholders of $ 4,950 million in the first quarter of 2020. During the quarter , as a result of the favorable markets , the value of our hedges decreased , as expected . Due to being accounted for as insurance liabilities as required under U.S. GAAP , certain corresponding liabilities are less sensitive to market movements and , therefore , did not fully offset the decrease in the value of our hedges . The company ended the first quarter of 2021 with common stockholders ' equity ( " book value " ) of $ 13.7 billion , or $ 157.26 per common share , and book value , excluding accumulated other comprehensive income ( " AOCI " ) of $ 10.3 billion , or $ 118.24 per common share . For the first quarter of 2021 , the company reported adjusted earnings * of $ 385 million , or $ 4.36 per diluted share , compared with adjusted earnings of $ 211 million , or $ 2.01 per diluted share , in the first quarter of 2020 . * Information regarding the non - GAAP and other financial measures included in this news release and a reconciliation of such non - GAAP financial measures to the most directly comparable GAAP measures are provided in the Non - GAAP and Other Financial Disclosures discussion below , as well as in the tables that accompany this news release and / or the First Quarter 2021 Brighthouse Financial , Inc. Financial Supplement and / or the First Quarter 2021 Brighthouse Financial , Inc. Earnings Call Presentation ( which are available on the Brighthouse Financial Investor Relations web page at http : // investor.brighthousefinancial.com ) . Additional information regarding notable items can be found on the last page of this news release . 1