Brighthouse Financial, Inc. is a major provider of annuity and life insurance products in the United States. The company was established in 2017 following its separation from MetLife, Inc., and operates primarily to help customers protect their financial futures and secure retirement income. Brighthouse Financial's business is organized into three main segments: Annuities, Life, and Run-off.
The Annuities segment is the company's primary revenue driver, offering a variety of products including variable, fixed, index-linked (such as its flagship Shield Level annuities), and income annuities. These products are designed for tax-deferred wealth accumulation, wealth transfer, and income security. The Life segment provides term, universal, whole, and variable life insurance policies aimed at financial security and protected wealth transfer. The Run-off segment manages legacy policies that are no longer actively sold, including universal life with secondary guarantees, structured settlements, pension risk transfer contracts, and company-owned life insurance policies.
Brighthouse Financial generates revenue primarily through insurance premiums, contract fees, and the investment income earned on the assets it holds to back policyholder obligations. The company distributes its products exclusively in the United States through a diverse network of independent financial advisors, broker-dealers, banks, and independent insurance agents. Operating in a highly competitive life insurance and annuity market, Brighthouse differentiates itself through its specialized focus on retirement solutions and its strong distribution partnerships.
