Sector: Financials | Industry: Multiline Insurance & Brokers |
See Regulatory Filings on SEC |
Company Contact | |
Address: | 11225 N Community House Rd CHARLOTTE NC 28277-4435 |
Tel: | N/A |
Website: | https://www.brighthousefinancial.com |
IR: | See website |
Key People | ||
Eric T. Steigerwalt President, Chief Executive Officer, Director | Edward A. Spehar Chief Financial Officer, Executive Vice President | Vonda R. Huss Chief Human Resource Officer, Executive Vice President |
John L. Rosenthal Executive Vice President, Chief Investment Officer | Myles J. Lambert Executive Vice President, Chief Distribution and Marketing Officer | Allie Lin Executive Vice President, General Counsel |
Business Overview |
Brighthouse Financial, Inc. is annuities and life insurance provider. The Company's segments include Annuities, Life, and Run-off. The Annuities segment consists of a variety of variable, fixed, index-linked and income annuities designed to address contract holder's needs for protected wealth accumulation on a tax-deferred basis, wealth transfer and income security. The Life segment consists of insurance products and services, including term, universal, whole, and variable life products designed to address policyholders' needs for financial security and protected wealth transfer, which may be on a tax-advantaged basis. The Run-off segment consists of products that are separately managed, including universal life with secondary guarantees, structured settlements, pension risk transfer contracts, certain Company-owned life insurance policies and certain funding agreements. Its mortgage loans are principally collateralized by commercial, agricultural, and residential properties. |
Financial Overview |
For the three months ended 31 March 2024, Brighthouse Financial Inc revenues decreased 94% to $74M. Net loss applicable to common stockholders decreased 1% to $519M. Revenues reflect Life segment decrease of 29% to $217M, Run-off segment decrease of 6% to $356M. Basic Earnings per Share excluding Extraordinary Items decreased from -$7.74 to -$8.23. |