Brighthouse Financial


Brighthouse Financial, Inc. is one of the largest providers of annuities and life insurance in the U.S., with $219 billion in total assets and approximately 2.6 million insurance policies and annuity contracts in-force.

Overview

On August 4, 2017, Brighthouse Financial completed its separation from MetLife and began trading on the Nasdaq stock exchange on August 7, 2017, under the symbol "BHF." Upon completion of the separation, MetLife retained a 19.2% stake in the company. In 2018, MetLife divested its remaining interest through a debt-for-equity exchange with four financial institutions that owned MetLife debt.
Headquartered in Charlotte, North Carolina, the company began selling annuity and life insurance under the Brighthouse Financial brand on March 6, 2017.

Separation from MetLife

In January 2016, MetLife, Inc. announced its intention to separate a substantial portion of the company’s U.S. Retail segment, which focused on selling life insurance and annuities. The entities marked for separation into the new enterprise included: Brighthouse Life Insurance Company, Brighthouse Life Insurance Company of NY and New England Life Insurance Company. On July 21, 2016, MetLife announced it would rebrand the business as Brighthouse Financial and on March 6, 2017 the company began selling annuity and life insurance under the Brighthouse Financial brand.
On August 4, 2017, Brighthouse Financial completed its separation from MetLife. The company began trading on the Nasdaq stock exchange on August 7, 2017 under the symbol "BHF".

Products

Brighthouse Financial sells annuity and life insurance products to U.S. consumers through multiple independent distribution channels.

Company leadership

Brighthouse Financial is led by President and Chief Executive Officer Eric Steigerwalt.
Additional members of the management team include:
Chief Financial Officer Edward Spehar,
Chief Operating Officer Conor Murphy,
Chief Administrative Officer and General Counsel Christine DeBiase,
Chief Investment Officer John Rosenthal, and
Chief Marketing and Distribution Officer Myles Lambert.