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 (as of March 31, 2018).

Overview

On August 4, 2017, Brighthouse Financial completed its separation from

MetLife MetLife, Inc. is the Holding company, holding corporation for the Metropolitan Life Insurance Company (MLIC), better known as MetLife, and its affiliates. MetLife is among the largest global providers of insurance, Annuity (US financial produc ...

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 Charlotte ( ) is the most populous city in the U.S. state of North Carolina. Located in the Piedmont region, it is the county seat of Mecklenburg County. The population was 874,579 at the 2020 census, making Charlotte the 16th-most popu ...

, 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 (formerly MetLife Insurance Company USA), Brighthouse Life Insurance Company of NY (formerly First MetLife Investors Insurance Company) and

New England Life Insurance Company New is an adjective referring to something recently made, discovered, or created. New or NEW may refer to: Music * New, singer of K-pop group The Boyz Albums and EPs * ''New'' (album), by Paul McCartney, 2013 * ''New'' (EP), by Regurgitator, ...

. On July 21, 2016,

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. These products are serviced by a third-party vendor "DXC Technology" instead of directly by Brighthouse Financial.

Company leadership

Brighthouse Financial is led by President and Chief Executive Officer Eric Steigerwalt (formerly Executive Vice President of U.S. Retail Business at MetLife). Additional members of the management team include: Chief Financial Officer Edward Spehar (formerly treasurer at MetLife), Chief Operating Officer Conor Murphy (formerly Chief Financial Officer for MetLife's Latin America region), Chief Administrative Officer and General Counsel Christine DeBiase (formerly Lead Counsel to MetLife’s U.S. Retail Business), Chief Investment Officer John Rosenthal (formerly Senior Managing Director at MetLife), and Chief Marketing and Distribution Officer Myles Lambert (formerly Senior Vice President of MetLife’s Northeast Region for the MetLife Premier Client Group).

References

{{Authority control MetLife Companies based in Charlotte, North Carolina Financial services companies established in 2016 American companies established in 2016 Corporate spin-offs Companies listed on the Nasdaq Insurance companies of the United States