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 profit 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.
Brighthouse Financial shares have increased 17 percent since the beginning of the year. In the final minutes of trading on Monday, shares hit $35.70, a decline of 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