Brighthouse Financial, Inc. - Company Profile
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Business Description
Brighthouse Financial, Inc. (Brighthouse Financial) is one of the leading providers of annuity and life insurance products in the US. The company offers its products and services through multiple independent distribution channels and marketing arrangements with a network of distribution partners. The company and its subsidiaries , Brighthouse Life Insurance Company, Brighthouse Life Insurance Company of NY, and New England Life Insurance Company operate under Brighthouse Financial brand name. As on December 31, 2022, its annuity contracts and insurance policies in force stood at 2.5 million insurance.
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Business Segments
Overview
Offers a range of products, including fixed, index-linked, variable and income annuities.
Performance
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Overview
Includes excess capital that is not allocated to any segments and interest expense from its outstanding debt and associated expenses of certain legal proceedings and income tax audit issues. It also includes the elimination of intersegment amount, long term care and workers compensation business, and term life insurance sold direct to customers.
Performance
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Overview
Offers a range of life insurance products, which includes term life, universal life, whole life and variable life products.
Performance
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Overview
Comprises operations related to products not actively sold and separately managed, including structured settlements, company-owned life insurance (COLI) policies, pension risk transfer contracts, certain funding agreements and universal life with secondary guarantees (ULSG).
Performance
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