Brighthouse Financial, a US-based provider of annuity and life insurance services, has completed its separation from MetLife and started doing business as an independent company.
With $219bn of total assets, Brighthouse Financial will provide annuity and life insurance solutions in the US.
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Currently, the company manages more than 2.7 million annuity contracts and life insurance policies in-force.
Brighthouse Financial, leveraging its relationships with over 400 distribution partners, plans to help people achieve financial security by offering annuity and life insurance solutions.
Brighthouse Financial president and CEO Eric Steigerwalt said: “We are thrilled that Brighthouse Financial has reached this milestone, and thank all of our associates at Brighthouse Financial for their hard work and dedication as we move forward.
“As a financially strong, independent company, we believe Brighthouse Financial is well positioned to deliver simpler, more transparent annuity and life insurance solutions that are valuable to our distribution partners, the clients they serve, and our shareholders.”
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