7 unchanged sentences
Stock Performance Graph
−Removed: The graph and table below present BHF’s cumulative total shareholder return relative to the performance of (1) the S&P 500 Index, (2) the S&P 500 Financials Index and (3) the S&P 500 Insurance Index, respectively, for the five-year period ended December 31, 2021, commencing August 7, 2017 (our initial day of “regular-way” trading on the Nasdaq).
−Removed: All values assume a $100 initial investment at the opening price of BHF’s common stock on the Nasdaq and data for each of the S&P 500 Index, the S&P 500 Financials Index and the S&P 500 Insurance Index assume all dividends were reinvested on the date paid.
+Added: The graph and table below present BHF’s cumulative total shareholder return relative to the performance of (1) the S&P 500 Index, (2) the S&P 500 Financials Index, (3) the S&P 500 Insurance Index and (4) the S&P 500 Life & Health Insurance Index, respectively, for the five-year period ended December 31, 2022.
+Added: The S&P Life & Health Insurance Index will replace the S&P 500 Insurance Index in future Annual Reports on Form 10-K.
+Added: We believe the S&P 500 Life & Health Insurance Index is a more closely comparable benchmark in relation to our business model than the broader S&P 500 Insurance Index.
+Added: All values assume a $100 initial investment at the opening price of BHF’s common stock on the Nasdaq and data for each of the S&P 500 Index, the S&P 500 Financials Index, the S&P 500 Insurance Index and the S&P 500 Life & Health Insurance Index assume all dividends were reinvested on the date paid.
The points on the graph and the values in the table represent month-end values based on the last trading day of each month.
The comparisons are based on historical data and are not indicative of, nor intended to forecast, the future performance of our common stock.
−Removed: Aug 7, 2017 Dec 31, 2017 Dec 31, 2018 Dec 31, 2019 Dec 31, 2020 Dec 31, 2021
+Added: Dec 31, 2017 Dec 31, 2018 Dec 31, 2019 Dec 31, 2020 Dec 31, 2021 Dec 31, 2022
BHF common stock $ 100.00 $ 51.98 $ 66.90 $ 61.74 $ 88.34 $ 87.43
2 unchanged sentences
S&P 500 Insurance $ 100.00 $ 88.79 $ 114.88 $ 114.38 $ 151.12 $ 166.42
+Added: S&P 500 Life & Health Insurance $ 100.00 $ 79.23 $ 97.60 $ 88.35 $ 120.76 $ 133.25
Issuer Purchases of Equity Securities
8 unchanged sentences
(1) Where applicable, total number of shares purchased includes shares of common stock withheld with respect to option exercise costs and tax withholding obligations associated with the exercise or vesting of share-based compensation awards under our publicly announced benefit plans or programs.
−Removed: (2) On August 2, 2021, we authorized the repurchase of up to $1.0 billion of our common stock, which is in addition to the $200 million repurchase authorization announced on February 10, 2021.
(2) See “Management’s Discussion and Analysis of Financial Condition and Results of Operations — Liquidity and Capital Resources — The Company — Primary Uses of Liquidity and Capital — Common Stock Repurchases” and Note 10 of the Notes to the Consolidated Financial Statements for more information on common stock repurchases.
−Removed: Selected Financial Data
−Removed: Not applicable.
Compared sentence by sentence after normalising whitespace, quotation marks, case and digits, so re-formatting and restated figures do not read as changed language. Wording changes appear as one removal and one addition. The current filing and the prior one are authoritative.