Brighthouse Financial, Inc. Second Quarter 2021 Earnings Call Presentation Note regarding forward-looking statements This presentation and other oral or written statements that we make from time to time may contain information that includes or is based upon forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Such forward-looking statements involve substantial risks and uncertainties. We have tried, wherever possible, to identify such statements using words ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Title of each class Trading symbol(s) Name of each exchange on which registered Common Stock, par value $0.01 per share BHF The Nasdaq Stock Market LLC Depositary Shares, each representing a 1/1,000th interest in a share of 6.600% Non-Cumulative Preferred Stock, Series ABHFAP The Nasdaq Stock Market LLC Depositary Shares, each representing a 1/1,000th interest in a share of 6.750% Non-Cumulative Preferred Stock, Series BBHFAO The Nasdaq ...

Brighthouse Financial, Inc. First Quarter 2021 Earnings Call Presentation Note regarding forward-looking statements This presentation and other oral or written statements that we make from time to time may contain information that includes or is based upon forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Such forward-looking statements involve substantial risks and uncertainties. We have tried, wherever possible, to identify such statements using words s ...

Brighthouse Financial, Inc. (NASDAQ:BHF) Q1 2021 Results Conference Call May 11, 2021 8:00 AM ET Company Participants David Rosenbaum - Head of Investor Relations Eric Steigerwalt - Chief Executive Officer Edward Spehar - Chief Financial Officer Conor Murphy - Chief Operating Officer Myles Lambert - Head of Marketing Conference Call Participants Ryan Krueger - Keefe, Bruyette, & Woods Elyse Greenspan - Wells Fargo Securities Thomas Gallagher - Evercore ISI Hung-Fai Lee - Dowling & Partners Securities Tracy ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Title of each class Trading symbol(s) Name of each exchange on which registered Common Stock, par value $0.01 per share BHF The Nasdaq Stock Market LLC Depositary Shares, each representing a 1/1,000th interest in a share of 6.600% Non-Cumulative Preferred Stock, Series ABHFAP The Nasdaq Stock Market LLC Depositary Shares, each representing a 1/1,000th interest in a share of 6.750% Non-Cumulative Preferred Stock, Series BBHFAO The Nasdaq ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 __________________________ FORM 10-K Title of each class Trading symbol(s) Name of each exchange on which registered Common Stock, par value $0.01 per share BHF The Nasdaq Stock Market LLC Depositary Shares, each representing a 1/1,000th interest in a share of 6.600% Non-Cumulative Preferred Stock, Series A BHFAP The Nasdaq Stock Market LLC Depositary Shares, each representing a 1/1,000th interest in a share of 6.750% Non-Cumulative Pre ...

Brighthouse Financial, Inc. (NASDAQ:BHF) Q4 2020 Earnings Conference Call February 11, 2021 8:00 AM ET Company Participants David Rosenbaum - Investor Relations Eric Steigerwalt - President & CEO Ed Spehar - EVP & CFO Myles Lambert - Chief Distribution and Marketing Officer Conor Murphy - Chief Operating Officer John Rosenthal - Chief Investment Officer Conference Call Participants Humphrey Lee - Dowling & Partners Ryan Krueger - KBW Tom Gallagher - Evercore Elyse Greenspan - Wells Fargo Tracy Bengui ...

Brighthouse Financial, Inc. Fourth Quarter and Full Year 2020 Earnings Call Presentation Note regarding forward-looking statements This presentation and other oral or written statements that we make from time to time may contain information that includes or is based upon forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Such forward-looking statements involve substantial risks and uncertainties. We have tried, wherever possible, to identify such statement ...

UNITED STATES Title of each class Trading symbol(s) Name of each exchange on which registered Common Stock, par value $0.01 per share BHF The Nasdaq Stock Market LLC Depositary Shares, each representing a 1/1,000th interest in a share of 6.600% Non-Cumulative Preferred Stock, Series ABHFAP The Nasdaq Stock Market LLC Depositary Shares, each representing a 1/1,000th interest in a share of 6.750% Non-Cumulative Preferred Stock, Series BBHFAO The Nasdaq Stock Market LLC 6.250% Junior Subordinated Debentures du ...

Financial Data and Key Metrics Changes - The company reported third quarter adjusted earnings of $388 million, a significant increase from $39 million in the second quarter of 2020 and $260 million in the third quarter of 2019 [31] - The estimated combined risk-based capital (RBC) ratio increased to a range of 525% to 545% [19][26] - Total adjusted capital (TAC) rose to $8.4 billion as of September 30, up from $7.7 billion at June 30 [25] Business Line Data and Key Metrics Changes - Annuity sales reached approximately $2.3 billion, up 29% year-over-year and 27% sequentially [14] - Life insurance sales generated approximately $13 million in the third quarter of 2020 [14] - Annuities adjusted earnings, excluding notable items, were $285 million, reflecting higher net investment income and fees [35] Market Data and Key Metrics Changes - Total annuity net inflows were $174 million, driven by strong sales and fewer policy surrenders [15] - The company noted a 47% year-over-year increase in fixed products sales within the industry [50] Company Strategy and Development Direction - The company remains focused on its strategy to unlock capital, repurchase stock, rationalize expenses, and sell new business [39] - Investments in technology infrastructure continue, with establishment costs of approximately $19 million before tax in the third quarter [17] - The company aims to reduce corporate expenses by $150 million on a run rate basis by the end of the year [16] Management's Comments on Operating Environment and Future Outlook - Management emphasized the importance of financial security during the ongoing COVID-19 pandemic and expressed confidence in the company's strong balance sheet and liquidity [10][18] - The company plans to take a $450 million dividend from Brighthouse Life Insurance Company and a $60 million dividend from New England Life Insurance Company in the fourth quarter [29] Other Important Information - The company has repurchased approximately $980 million of its common stock since August 2018, representing a reduction of over 25% of shares outstanding [11] - The normalized statutory loss for the quarter was approximately $200 million, driven by an increase in the 20-year swap rate [19][25] Q&A Session Summary Question: Market interest in VA risk transfer - Management acknowledged the potential for future transactions if they add value and are executable, while maintaining their current strategy [39] Question: Drivers of adjusted statutory earnings - Management noted that the normalized statutory loss was driven by basis risk between their derivatives portfolio and liabilities, with a significant increase in the 20-year swap rate [42] Question: Dividend capacity for 2021 - Management confirmed plans to take the remaining dividend from BLIC and indicated that unassigned funds improved to approximately $1.5 billion, providing capacity for future dividends [46] Question: Trends in annuity sales - Management reported strong sales results, particularly in fixed annuities, and noted a positive trend in sales despite the challenging environment [50] Question: COVID-19 claims sensitivity - Management indicated that the impact of COVID-19 on the insured population has been less pronounced than expected, with year-to-date claims significantly lower than initial guidance [68] Question: Future capital release and stress scenarios - Management stated that the investment stress scenario impact on RBC has been better than expected, with minimal impairments and downgrades [71]