Brighthouse Financial, Inc.

Brighthouse Financial, Inc. is a U.S. life insurance company focused on annuities and life insurance, with more than 2.0 million annuity contracts and insurance policies in force at year-end 2025. The company operates through insurance subsidiaries including Brighthouse Life Insurance Company, Brighthouse Life Insurance Company of New York, and New England Life Insurance Company, although NELICO no longer writes new business. Its business model relies on independent distribution partners rather than a proprietary sales force, which gives it broad market access but also makes it dependent on third-party relationships. Brighthouse positions itself around a targeted product set, disciplined capital management, and risk management designed to support long-term cash generation and shareholder distributions.