Record Sales of Shield Product Suite
Brighthouse Financial reported record sales of its flagship Shield-level annuities product suite, totaling $7.7 billion in 2024, marking a 12% increase compared to 2023.
Life Insurance Sales Growth
Life insurance sales for the full year reached $120 million, an 18% increase over 2023.
Successful Reinsurance Transactions
Brighthouse Financial completed reinsurance transactions for a legacy block of fixed and payout annuities, and a block of universal life and variable universal life products, creating capital efficiencies and reducing required capital.
Expense Reduction
The company achieved a 7% reduction in full-year corporate expenses compared with 2023.
Capital Return to Shareholders
Brighthouse Financial repurchased $250 million of common stock in 2024, reducing the number of shares outstanding by over 50% since 2018.