Brighthouse Financial, Inc. (NASDAQ: BHF) is a major provider of annuities and life insurance in the U.S., with more than $220 billion in total assets and approximately 2.7 million insurance policies and annuity contracts in-force (as of Aug. 7, 2017).
On August 4, 2017, Brighthouse Financial completed its separation from MetLife and began regular trading on the Nasdaq stock exchange on August 7, 2017. MetLife still has a 19.3% holding in the company.
Headquartered in Charlotte, North Carolina, the company began selling its suite of life insurance and annuity solutions under the Brighthouse Financial brand on March 6, 2017.
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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 now marked for separation into the new enterprise include: 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. On July 21, 2016, MetLife announced it would rebrand the business as Brighthouse Financial.
On October 5, 2016, Brighthouse Financial, Inc. filed a Registration Statement on Form 10 with the U.S. Securities and Exchange Commission, part of the process to separate MetLife into two independent publicly traded companies. The Registration Statement on Form 10 was amended in December 2016, April 2017, June 2017 and August 2017.
On August 4, 2017, Brighthouse Financial completed its separation from MetLife. The company began regular trading on the Nasdaq stock exchange on August 7, 2017.
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Products and solutions
Brighthouse Financial sells annuity and life insurance solutions to U.S. consumers through third parties. Products include Brighthouse Shield Level Selector? Annuities, Brighthouse Variable Annuities with FlexChoice, Brighthouse Premier Accumulator Universal Life, Brighthouse Shield Level Select? 3-Year and 6-Year Annuities, and Brighthouse Shield Level Select Access Annuity.
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 Anant Bhalla (formerly Senior Vice President of U.S. Retail Business at MetLife), Chief Operating Officer Peter Carlson (formerly Chief Accounting Officer and Executive Vice President at MetLife), Chief Legal Officer and Chief Administrative Officer 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).
References
Source of article : Wikipedia
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