47 unchanged sentences
Other Information
+Added: On February 9, 2023, the Company furnished a Form 8-K containing:
+Added: (i) a news release announcing its results for the quarter and year ended December 31, 2022 (the “News Release”) and (ii) a Financial Supplement for the quarter ended December 31, 2022 (the “Original Financial Supplement”).
+Added: In finalizing its Annual Report on Form 10-K, the Company determined that Future Policy Benefits (“FPBs”) as of December 31, 2022 were overstated in the News Release and the Original Financial Supplement and the amount has been revised to be $41,569 million (from $42,216 million).
+Added: This change in FPBs also resulted in the following changes to our consolidated balance sheet as of December 31, 2022:
+Added: • Total liabilities decreased from $220,189 million to $219,542 million;
+Added: • Accumulated other comprehensive income (loss) (“AOCI”) changed from $(5,935) million to $(5,424) million;
+Added: • Total equity increased from $5,527 million to $6,038 million;
+Added: • Total Brighthouse Financial, Inc.’s stockholders’ equity increased from $5,462 million to $5,973 million;
+Added: • Book value per common share increased from $55.11 to $62.60.
+Added: The change in FPBs also less significantly impacted certain other balance sheet items as of December 31, 2022, including:
+Added: (i) deferred income tax assets;
+Added: (ii) total assets;
+Added: and (iii) total liabilities and equity.
+Added: The updates mentioned above are reflected in the Consolidated Financial Statements included in Item 8 in this Annual Report on Form 10-K.
+Added: An updated Financial Supplement is available on the Company’s Investor Relations website.
Disclosure Regarding Foreign Jurisdictions that Prevent Inspections
140 unchanged sentences
with respect to the 4.625% Non-Cumulative Preferred Stock, Series D, dated November 18, 2021, filed with the Secretary of State of the State of Delaware and effective November 18, 2021 (the “Series D Certificate of Designations”), is incorporated by reference to Exhibit 3.1 to our Current Report on Form 8-K, filed on November 22, 2021 (our “November 22, 2021 8-K”) .
−Removed: 3.2 Amended and Restated Bylaws of Brighthouse Financial, Inc., is incorporated by reference to Exhibit 3.2 to our Quarterly Report on Form 10-Q, filed on August 15, 2017.
+Added: 3.2 Amended and Restated Bylaws of Brighthouse Financial, Inc., effective January 26, 2023, is incorporated by reference to Exhibit 3.1 to our Current Report on Form 8-K, filed on January 30, 2023.
4.1 Indenture, dated as of June 22, 2017, among Brighthouse Financial, Inc., MetLife, Inc., as Guarantor, and U.S.
31 unchanged sentences
4.19 Form of depositary receipt evidencing the Series D Depositary Shares (included as Exhibit A to Exhibit 4.15).
−Removed: 4.20* Description of Securities.
+Added: 4.20 Description of Securities, is incorporated by reference to Exhibit 4.20 to our Annual Report on Form 10-K, filed on February 24, 2022.
10.1 Transition Services Agreement, dated as of January 1, 2017, between MetLife Services and Solutions, LLC and Brighthouse Services, LLC and for purposes of Article VIII only, MetLife, Inc.
5 unchanged sentences
and its Affiliates, is incorporated by reference to Exhibit 10.6 to our August 9, 2017 8-K.
−Removed: 10.4 Amended and Restated Revolving Credit Agreement, dated as of May 7, 2019, among Brighthouse Financial, Inc., JPMorgan Chase Bank, N.A., as administrative agent, and the other lenders party thereto is incorporated by reference to Exhibit 10.8 to our Quarterly Report on Form 10-Q, filed on May 7, 2019.
+Added: 10.4 Revolving Credit Agreement, dated as of Ap ril 15 , 20 22 , among Brighthouse Financial, Inc., Bank of America , N.A., as administrative agent, and the other lenders party thereto is incorporated by reference to Exhibit 10.
+Added: 1 to our Current Report on Form 8-K , filed on April 19, 2022 .
10.5# Brighthouse Services, LLC Auxiliary Savings Plan, is incorporated by reference to Exhibit 10.8 to our Quarterly Report on Form 10-Q, filed on August 15, 2017.
27 unchanged sentences
10.24# Brighthouse Services, LLC Deferred Compensation Plan for Non-Management Directors, is incorporated by reference to Exhibit 10.32 to our 2019 Annual Report.
−Removed: 10.25# Offer Letter, dated as of July 24, 2019, between Brighthouse Services, LLC and Edward Spehar is incorporated by reference to Exhibit 10.1 to our Current Report on Form 8-K, filed July 24, 2019.
+Added: 10.25#* Summary of Brighthouse Services, LLC ICOLI Supplemental Death Benefit Only Plan.
21.1* List of Subsidiaries as of December 31, 202 2 .
45 unchanged sentences
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.