Brighthouse Financial is an independent company, meaning that they operate completely separate from MetLife MetLife, Inc. is the holding corporation for the Metropolitan Life Insurance Company, better known as MetLife, and its affiliates. MetLife is among the largest global providers of insurance, annuities, and employee benefit programs, with 90 million customers in over 60 countries. The firm …MetLife
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Is Brighthouse Financial a part of MetLife?
The separated business launched Brighthouse Financial, Inc. - an independent company that is no longer a part of MetLife. Click here to learn more about Brighthouse Financial.
Is there an action required on your part for a Brighthouse insurance policy?
No action is required on your part at this time. If the insurance company which issued your policy became subsidiary of Brighthouse Financial and was separated from MetLife, you will have begun to receive legally required correspondence and notifications. Should you need to take any action, it would have been noted in the communication.
Why did MetLife start Brighthouse Financial?
The purpose of MetLife establishing Brighthouse Financial was so that the insurance provider could focus solely on selling life insurance, as well as annuities, to individuals. MetLife still continues to exist, but they only focus on selling their products to companies that can be used as employee benefits. The insurance policies that are sold ...
What is Brighthouse Financial?
Brighthouse Financial is a new company that was established by MetLife. It is a major provider of life insurance and annuity products, with an estimated worth of $223 billion in assets, and an estimated 2.7 million life insurance policies and annuity contracts currently in force.
What happens if you have a financial service representative?
If you had a financial service representative, that individual will remain the same. As such, you will be able to continue communicating with him or her about any concerns related to your life insurance policy.
Is Brighthouse Financial the same as MetLife?
While Brighthouse Financial is a spin-off of MetLife, the two are not the same. Brighthouse Financial is an independent company, meaning that they operate completely separate from MetLife. However, while Brighthouse Financial is a completely separate entity from MetLife, meaning that MetLife does not have any direct control over Brighthouse ...
Is MetLife a spin off of Brighthouse?
MetLife’s spinoff of Brighthouse Life Insurance company has been extremely successful. The new insurance provider is continuing to grow; they continue to carry a substantial amount of life insurance policies, and their value continues to increase. Don’t forget, if you are a Metlife client and you are looking to price shop, you can compare life insurance quotes here at Life Ant.
When did Brighthouse Financial separate from MetLife?
On August 4, 2017, Brighthouse Financial completed its separation from MetLife and began trading on the Nasdaq stock exchange on August 7, 2017, under the symbol "BHF.". Upon completion of the separation, MetLife retained a 19.2% stake in the company. In 2018, MetLife divested its remaining interest through a debt-for-equity exchange ...
What is Brighthouse Financial?
Brighthouse Financial, Inc. ( Nasdaq : BHF) is one of the largest providers of annuities and life insurance in the U.S., with $219 billion in total assets and approximately 2.6 million insurance policies and annuity contracts in-force (as of March 31, 2018).
Where is MetLife located?
Headquartered in Charlotte, North Carolina, the company began selling annuity and life insurance under the Brighthouse Financial brand on March 6, 2017.
Is MetLife a separate company?
Separation from MetLife. In January 2016, MetLife, Inc. announced its intention to separate a substantial portion of the company’s U.S. Retail segment, which focused on selling life insurance and annuities.
When did Brighthouse Financial start life insurance?
February 1923 Travelers Insurance Company issues life insurance policy that becomes the oldest policy on our books when Brighthouse Financial launches 94 years later.
What is Brighthouse Foundation?
August 2018 Brighthouse Foundation launches, offering financial support to non-profit organizations that work to improve the lives of people in each of our communities. August 2017 Brighthouse Financial, Inc. begins trading on Nasdaq under the symbol “BHF”.
When did Metropolitan Life acquire Security First Group?
1997 Metropolitan Life Insurance Company acquires annuity manufacturer Security First Group, Inc. The acquired insurance companies are later renamed MetLife Investors Insurance Company and MetLife Investors USA Insurance Company (in New York, it is renamed First MetLife Investors Insurance Company, which is now Brighthouse Life Insurance Company of NY, licensed in New York only).
When did Metropolitan Life merge with Nelico?
August 1996 Metropolitan Life Insurance Company merges with the then-parent company of New England Life Insurance Company (NELICO); NELICO later becomes one of the insurance company subsidiaries of Brighthouse Financial, Inc.
Is MetLife a separate company?
January 2016 MetLife, Inc. announces its plans to separate a substantial portion of its U.S. Retail business. As a separate entity, the new company will specialize in a streamlined suite of products that is better positioned to deliver value to customers.
Is Brighthouse Financial a part of MetLife?
August 2017 Brighthouse Financial completes its separation from MetLife, Inc. and becomes an independent company with operations headquartered in Charlotte, NC. Through its insurance company subsidiaries, Brighthouse Financial is licensed to issue life insurance and annuity products in all 50 states. April 2017 First commercial airs ...
When did MetLife split from Brighthouse Financial?
Under the terms of the separation, on the Aug. 4, 2017 distribution date, MetLife, Inc. common shareholders received a distribution of one share of Brighthouse Financial, Inc. common stock for every 11 shares of MetLife, Inc. common stock they held as of 5 p.m. New York City time on the July 19, 2017 record date. MetLife, Inc. common shareholders who sold their “MET” shares in the "regular-way" market after that date, but before and through the August 4 date that Brighthouse Financial, Inc. common stock was distributed, sold their entitlement to receive Brighthouse Financial, Inc. common stock in the distribution. Shareholders of MetLife, Inc. who owned less than 11 shares of common stock, or others who would otherwise have received fractional shares, received cash.
What is MetLife insurance?
(NYSE: MET), through its subsidiaries and affiliates (“MetLife”), is one of the world’s leading financial services companies, providing insurance, annuities, employee benefits and asset management to help its individual and institutional customers navigate their changing world. Founded in 1868, MetLife has operations in more than 40 countries and holds leading market positions in the United States , Japan, Latin America, Asia, Europe and the Middle East. For more information, visit www.metlife.com .
What is the BHF symbol?
Brighthouse Financial, Inc. common stock begins “regular-way” trading under the symbol “BHF” on the NASDAQ Stock Market today, Aug. 7, 2017 , when markets open. MetLife will continue to trade on the NYSE under the ticker symbol “MET.”
Is MetLife a publicly traded company?
NEW YORK -- (BUSINESS WIRE)--Aug. 7, 2017-- MetLife, Inc. (NYSE: MET) today announced it has completed the spin-off of Brighthouse Financial, Inc. (NASDAQ: BHF), creating two independent, publicly-traded companies. Today marks the first day of post-separation trading for each company’s common stock on its respective stock exchange.
Does MetLife have a forward-looking statement?
MetLife, Inc. does not undertake any obligation to publicly correct or update any forward-looking statement if MetLife, Inc. later become aware that such statement is not likely to be achieved. Please consult any further disclosures MetLife, Inc. makes on related subjects in reports to the SEC .
Does MetLife file Form 8-K?
MetLife expects to file pro forma financial statements on Form 8-K with the U.S. Securities and Exchange Commission in connection with the spin-off.
What is Brighthouse Financial?
Account that holds assets maintained separately from general account investments. By maintaining capital well beyond regulatory requirements, Brighthouse Financial is prepared to honor its commitments, even in volatile markets.
What is Brighthouse Financial's number in the Fortune 500?
Brighthouse Financial is proud to be included at number 353 on the 2021 Fortune 500 list, which is based on total revenues.
Is an insurance company responsible for its own financial condition?
All guarantees and commitments, including any optional benefits, are subject to the claims-paying ability and financial strength of the issuing insurance company. Each issuing insurance company is solely responsible for its own financial condition and contractual obligations.
How much did MetLife lose in Brighthouse?
MetLife has disposed of its remaining stake in Brighthouse Financial for a loss of $212 million in connection with the sale, the company said.
How many group annuitants did MetLife fail to track down?
MetLife completed its “root cause” analysis of its failure to track down 13,500 group annuitants who were due benefits but never received them, Chief Financial Officer John McCallion said.
How much money does Genworth receive?
As part of the new capital plan, Genworth would receive $1.5 billion from the China-based holding company to be used to improve Genworth’s stability and possibly retire debt obligations due in 2020 and 2021.
Why did the financial straits come about?
The financial straits came about because the Richmond, Va., insurer, like many other companies with long-term care exposures, had underpriced so many of its LTCi contracts.