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Brighthouse Financial Inc (OQ:BHF)

Business Focus: Multiline Insurance & Brokers

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.