Brighthouse Financial (BHF)

Its largest business is annuities, which include variable annuities, fixed annuities, index-linked annuities and income annuity products. These offerings are designed for customers seeking tax-deferred savings, market-linked growth potential, guaranteed income features or protection against outliving retirement assets. Brighthouse also offers life insurance, including variable, term, universal and whole life policies, serving customers looking for death benefit protection, estate planning tools or flexible insurance coverage.

The company also manages a run-off segment that contains blocks of business it no longer actively sells. These include universal life with secondary guarantees, structured settlements, pension risk transfer contracts, certain company-owned life insurance policies and selected funding agreements. Managing these legacy liabilities is an important part of Brighthouse’s risk, capital and earnings profile.

Brighthouse operates in an industry influenced by interest rates, equity-market performance, policyholder behaviour, mortality trends and capital requirements. Its products often contain long-duration guarantees, making asset-liability management and hedging central to its business model. The company’s distribution strategy relies on third-party advisers and partners rather than a large captive sales force, giving it access to retirement and insurance customers across multiple channels. For investors, Brighthouse Financial represents exposure to the US annuity and life insurance market, with a business mix closely tied to retirement demand and financial-market conditions.