Highest-materiality recent filing
Brighthouse appoints Richard Cook as CAO; Pavlovich resigns effective Sept 2
Richard A. Cook named Chief Accounting Officer effective Sept 3, 2026; succeeds Melissa B. Pavlovich.
Brighthouse Financial Q2 net income $956M ($16.53/diluted); adjusted earnings $258M ($4.45/diluted)
Net income $956M ($16.53/diluted) vs $60M ($1.02) in Q2 2025.
All nine director nominees elected with votes for ranging from 37.5M to 37.7M; broker non-votes 5.5M.
Brighthouse Financial Q1 net loss $792M; adjusted earnings $239M; annuity sales $2.2B
Net loss available to shareholders of $792M ($13.82/diluted share) vs. $294M loss in Q1 2025.
Brighthouse Financial Q4 net income $112M, adjusted earnings $214M; annuity sales $10.3B
Q4 net income $112M ($1.93 diluted) vs $646M ($10.79) in Q4 2024.
Brighthouse Financial shareholders approve $4.1B all-cash merger with Aquarian Capital at $70/share
Stockholders voted 99.7% in favor of the merger with an Aquarian Capital affiliate.
Brighthouse Financial to be acquired by Aquarian Capital for $70/share ($4.1B); reports Q3 earnings
Aquarian Capital affiliate to acquire BHF for $70.00 per share in all-cash deal valued at ~$4.1B.
Aquarian Capital to acquire Brighthouse Financial for $70/sh in $4.1B all-cash deal
Aquarian Capital to acquire Brighthouse Financial for $70.00 per share in cash; transaction valued at ~$4.1B.
Brighthouse Financial to be acquired by Aquarian Capital for $70 per share, expects closing in 2026
All-cash transaction valued at $70.00 per Brighthouse common unit.
Brighthouse names Myles Lambert COO and Melissa Pavlovich CAO
Myles Lambert named COO (eff. Aug 30); base salary $700k, STI target 140%, LTI target 305%.
Brighthouse Financial Q2 2025 net income $60M ($1.02/diluted); adjusted earnings $198M
Net income $60M ($1.02/diluted) vs $9M ($0.12/diluted) in Q2 2024; adjusted earnings $198M ($3.43/diluted).
Stockholders approve amended 2017 Stock and Incentive Compensation Plan
Nine director nominees elected with >37.5M votes each; no dissident candidates.
Brighthouse Financial warns against Potemkin mini-tender offer at 41% discount
Potemkin Limited offers to buy up to 100,000 BHF shares (less than 0.2% of outstanding) at $36.00/share.
Brighthouse Financial Q1 net loss narrows to $294M; adj. earnings $245M
Net loss available to shareholders of $294M ($5.04/diluted share) vs $519M loss in Q1 2024.
Brighthouse Financial Q4 net income $646M ($10.79/diluted); full-year annuity sales $10B
Q4 2024 net income $646M ($10.79/diluted) vs Q4 2023 net loss $942M ($14.70/diluted).
Brighthouse Financial amends Bylaws to update stockholder meeting notice and disclosure rules
Revised disclosure requirements for stockholder nominations and other business proposals, including nominee qualifications.
Brighthouse Financial closes reinsurance deal, boosts combined RBC ratio to 400%-420%
Reinsured legacy block of fixed and payout annuities with third party, effective Sep 30, 2024.
Brighthouse Financial Q3 net income $150M ($2.47/diluted); adjusted earnings $243M ($3.99)
Net income available to shareholders of $150M, down from $453M in Q3 2023; adjusted earnings less notable items $243M.
Brighthouse Financial CAO Kristine Toscano resigns; Richard Cook named interim CAO
Kristine Toscano resigns as CAO effective Nov 8, 2024; leaving for new opportunity, not related to financial reporting.
Brighthouse Financial reports Q2 net income of $9M, adjusted earnings of $346M
Net income available to shareholders of $9M ($0.12 per diluted share) vs net loss of $200M in Q2 2023.
Brighthouse Financial stockholders approve amended ESPP; 1.2M shares reserved at 85% FMV
Stockholders approved the amended Employee Stock Purchase Plan (ESPP) effective April 3, 2024.
Brighthouse Financial Q1 net loss $519M, adjusted earnings $268M; annuity sales +3%
Net loss available to shareholders of $519M ($8.22/diluted share), vs $525M loss in Q1 2023.
Brighthouse Financial appoints Michael J. Inserra and Lizabeth H. Zlatkus to Board
Board expanded from 7 to 9 directors; both appointees are independent.
Brighthouse Q4 net loss $942M ($14.70/share); adj earnings $189M ($2.92/share)
Net loss of $942M ($14.70 diluted EPS) vs Q4 2022 net income $110M; adjusted earnings less notable items $189M ($2.92 EPS).
New $750M common stock repurchase authorization announced on November 16, 2023.
Brighthouse Financial Q3 net income $453M ($6.89/diluted); adjusted earnings $275M ($4.18)
Net income $453M vs $388M in Q3'22; diluted EPS $6.89 vs $5.97.
Brighthouse Financial releases long-term statutory free cash flow projections presentation
Company posted a presentation titled 'Long-Term Statutory Free Cash Flow Projections' for investors and analysts.
Director Irene Chang Britt resigns from Brighthouse Financial board
Irene Chang Britt resigned from the Board on August 11, 2023, effective immediately.
Corrected diluted share count to 66,967,185; adjusted EPS for Q2 2023 revised to $4.04 (was $4.13); H1 adjusted EPS revised to $6.89 (was $7.03).
Brighthouse Financial Q2 net loss $200M, adjusted earnings $271M; annuity and life sales up
Net loss of $200M ($3.01/diluted share) vs net income of $1.719B in Q2 2022.
Brighthouse stockholders approve charter amendments removing supermajority vote requirements
Proposal 4 passed 46,918,207 for vs 138,500 against: removes supermajority voting requirements for charter/bylaw amendments and obsolete director class provisions.
Brighthouse Financial Q1 net loss $525M; adjusted earnings $195M, down 49% YoY
Net loss available to shareholders of $525M ($7.72/diluted share) vs net income $1,558M in Q1 2022.
Brighthouse Financial adopts LDTI accounting, issues recast Q4 2022 financial supplement
Adopted ASU 2018-12 (LDTI) on Jan 1, 2023, altering accounting for long-duration contracts.
Brighthouse Financial appoints Philip Bancroft to Board; director Shouvlin to retire at 2023 meeting
Philip V. Bancroft appointed as independent director and audit committee financial expert, effective March 27, 2023.
Brighthouse Financial Q4 2022 net loss $967M; adjusted earnings $242M; record annuity sales
Net loss available to shareholders $967M ($14.01 per diluted share) in Q4 2022 vs net income $42M in Q4 2021.
Changed from plurality to majority voting in uncontested board elections.
Brighthouse Financial EVP & General Counsel Christine DeBiase to resign Dec 2, 2022
EVP, Chief Administrative Officer and General Counsel Christine DeBiase resigns effective December 2, 2022 to pursue another opportunity.
Brighthouse Financial Q3 net loss $702M ($9.82/share); adjusted loss $3M
Net loss available to shareholders of $702M vs net income of $361M in Q3 2021.
Brighthouse Financial Q2 net income soars to $957M on hedging, but adjusted earnings drop to $24M
Net income $957M ($12.77 diluted EPS), vs $10M in Q2 2021.
Brighthouse Financial stockholders elect nine directors, ratify auditor, approve say-on-pay
All nine director nominees elected with majority support; broker non-votes ranged 6.3M shares per nominee.
Brighthouse Financial Q1 net income $613M vs loss $610M YoY; adj. earnings down to $294M
Net income available to shareholders $613M ($7.91 diluted EPS) vs net loss $610M in Q1 2021.
Brighthouse Financial enters new $1.0B revolving credit facility due April 2027
New $1.0B senior unsecured revolver replaces 2019 credit agreement, matures April 15, 2027.
Brighthouse Financial releases projected distributable earnings scenarios presentation
Presentation titled 'Projected Distributable Earnings Scenarios' dated March 29, 2022.
Brighthouse Financial COO Conor Murphy to step down March 18; position eliminated
Conor E. Murphy stepping down as COO effective March 18, 2022.
Brighthouse Financial Q4 2021 net income $42M; adjusted EPS $4.02, RBC ratio ~500%
Net income available to shareholders $42M ($0.51 diluted) vs net loss $1,045M in Q4 2020.
Issued $400M aggregate 3.850% Senior Notes due Dec 22, 2051; proceeds to fund tender offer.
Brighthouse Financial reports Q3 2021 net income $361M, adjusted earnings $450M; RBC ratio 520-540%
Net income $361M ($4.34/diluted) vs net loss $3,012M in Q3 2020; adjusted earnings $450M ($5.41) vs adjusted loss $689M.
Brighthouse Financial appoints Carol D. Juel to Board of Directors, effective Nov 17
Board expanded from 8 to 9 directors; Juel fills new seat effective November 17, 2021.
Brighthouse Financial appoints Kristine Toscano as Chief Accounting Officer
Kristine Toscano appointed CAO effective Sept 10, 2021; succeeds Lynn Dumais.
Net income $10M ($0.11/diluted share); adjusted earnings $458M ($5.32/diluted share).
appointed Richard A. Cook, the Company’s Deputy Chief Accounting Officer, as Chief Accounting Officer (“CAO”), effective September 3, 2026.
who informed the Company on August 12, 2026 that she has accepted a new opportunity and will be resigning from the Company.
On October 3, 2024, Kristine H. Toscano, the Chief Accounting Officer of Brighthouse Financial, Inc. (the “Company”), informed the Company that she intends to resign from the Company, and her last day at the Company will be November 8, 2024.
Richard Cook, the Company’s Investment Controller, has been appointed to serve as the Interim Chief Accounting Officer, effective November 9, 2024.
appointed Michael J. (“Mike”) Inserra and Lizabeth H. Zlatkus as members of the Board
appointed Michael J. (“Mike”) Inserra and Lizabeth H. Zlatkus as members of the Board
On August 11, 2023, Irene Chang Britt resigned as a member of the Board of Directors (the “Board”) of Brighthouse Financial, Inc. (the “Company”), effective that day.
On March 27, 2023, the Board of Directors (the “Board”) of Brighthouse Financial, Inc. (the “Company”) increased the number of directors serving on the Board from nine to ten and appointed Philip V. (“Phil”) Bancroft as a member of the Board to fill the resulting vacancy and serve until the Company’s 2023 annual meeting of stockholders (the “2023 Annual Meeting”).
In accordance with the Company’s Corporate Governance Principles, which state that, absent exception, members of the Board may not stand for reelection or be appointed to the Board after reaching the age of 72, current member of the Board, Patrick J. (“Pat”) Shouvlin, will not stand for reelection at the 2023 Annual Meeting.
On November 14, 2022, Christine DeBiase, Executive Vice President, Chief Administrative Officer and General Counsel of Brighthouse Financial, Inc. (the “Company”), notified the Company of her intention to resign from the Company, effective December 2, 2022, to pursue another opportunity.
On March 4, 2022, Brighthouse Financial, Inc. (the “Company”) announced that Conor E. Murphy will be stepping down from the position of Chief Operating Officer of the Company, effective March 18, 2022.
On November 1, 2021, the Board of Directors (the “Board”) of Brighthouse Financial, Inc. (the “Company”) increased the number of directors serving on the Board from eight to nine effective November 17, 2021 and appointed Carol D. Juel as a member of the Board, also effective November 17, 2021, to fill the resulting vacancy
Max materiality 1.00 · Median 0.68 · Most common event earnings