Brighthouse Financial Announces Completion of Reinsurance Transaction
Brighthouse Financial, Inc. (BHF)
Last brighthouse financial, inc. earnings: 2/10 04:16 pm
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US:NASDAQ Investor Relations:
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Source: Business Wire
CHARLOTTE, N.C.--(BUSINESS WIRE)--Brighthouse Financial, Inc. (“Brighthouse Financial” or the “company”) (Nasdaq: BHF) announced today that it has completed a reinsurance transaction with a third party to reinsure a legacy block of the company’s fixed and payout annuities. The transaction was previously discussed on the company’s earnings call for the quarter ended September 30, 2024, which was held on the morning of November 8, 2024.“This transaction reflects our ongoing progress against several strategic initiatives designed to improve capital efficiency, unlock capital and return to our target combined risk-based capital, or RBC, ratio range in normal market conditions,” said Eric Steigerwalt, president and CEO, Brighthouse Financial. “As a result of this transaction, our estimated combined RBC ratio as of the end of the third quarter increased to between 400% and 420%, which is within our target range of 400% to 450% in normal market conditions.”About Brighthouse Financial, In
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BHF
Earnings
- 11/7/24 - Miss
BHF
Sec Filings
- 11/12/24 - Form 3
- 11/8/24 - Form 8-K/A
- 11/8/24 - Form 10-Q
- BHF's page on the SEC website