47 unchanged sentences
Other Information
−Removed: Director and Officer 10b5-1 Plans
−Removed: During the year ended December 31, 2023, none of the Company’s directors or officers (as defined in Rule 16a-1(f) of the Exchange Act) adopted or terminated a Rule 10b5-1 trading arrangement or non-Rule 10b5-1 trading arrangement (as such terms are defined in Item 408 of Regulation S-K of the Securities Act of 1933, as amended).
+Added: Director and Officer Rule 10b5-1 Plans
+Added: During the quarter ended December 31, 2024, none of the Company’s directors or officers (as defined in Rule 16a-1(f) of the Exchange Act) adopted or terminated a Rule 10b5-1 trading arrangement or non-Rule 10b5-1 trading arrangement (as such terms are defined in Item 408 of Regulation S-K of the Securities Act of 1933, as amended).
Disclosure Regarding Foreign Jurisdictions that Prevent Inspections
23 unchanged sentences
The value increases with additional premiums and investment gains, and it decreases with withdrawals, investment losses and fees.
−Removed: Adjusted earnings See “Management’s Discussion and Analysis of Financial Condition and Results of Operations — Non-GAAP and Other Financial Disclosures.”
+Added: Adjusted earnings See “Management’s Discussion and Analysis of Financial Condition and Results of Operations — Non-GAAP Financial Disclosures.”
Alternative investments General account investments in other limited partnership interests.
14 unchanged sentences
The calculation of NAR can differ by policy type or guarantee.
−Removed: Net investment spread See “Management’s Discussion and Analysis of Financial Condition and Results of Operations — Non-GAAP and Other Financial Disclosures.”
+Added: Net investment spread See “Management’s Discussion and Analysis of Financial Condition and Results of Operations — Non-GAAP Financial Disclosures.”
Normalized statutory earnings See “Management’s Discussion and Analysis of Financial Condition and Results of Operations — Liquidity and Capital Resources — The Parent Company — Liquidity and Capital — Normalized Statutory Earnings.”
2 unchanged sentences
Risk-based capital (“RBC”) ratio
−Removed: The risk-based capital ratio is a method of measuring an insurance company’s capital, taking into consideration its relative size and risk profile, in order to ensure compliance with minimum regulatory capital requirements set by the National Association of Insurance Commissioners.
−Removed: When referred to as “combined,” represents that of our insurance subsidiaries as a whole.
+Added: The RBC ratio is a method of measuring an insurance company’s capital and is based on statutory financial statements.
+Added: The RBC ratio, which is the basis for determining regulatory compliance, is equal to total adjusted capital divided by the applicable company action level RBC.
Total adjusted capital (“TAC”) Total adjusted capital primarily consists of statutory capital and surplus, as well as the statutory asset valuation reserve.
78 unchanged sentences
3.1 Restated Certificate of Incorporation of Brighthouse Financial, Inc., dated July 11, 2023, is incorporated by reference to Exhibit 3.3 to our Quarterly Report on Form 10-Q, filed on August 9, 2023.
−Removed: 3.2 Amended and Restated Bylaws of Brighthouse Financial, Inc., effective June 9, 2023, is incorporated by reference to Exhibit 3.2 to our Current Report on Form 8-K, filed on June 13, 2023.
+Added: 3.2 Amended and Restated Bylaws of Brighthouse Financial, Inc., effective January 29, 2025, is incorporated by reference to Exhibit 3.1 to our Current Report on Form 8-K, filed on February 4, 2025.
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: 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 22, 2024 (our "2023 Annual Report").
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.
16 unchanged sentences
Amendment Number Four to the Brighthouse Services, LLC Voluntary Deferred Compensation Plan is incorporated by reference to Exhibit 10.1 to our Quarterly Report on Form 10-Q, filed on May 9, 2023.
+Added: A mendment N umber Five to the B righthouse Services, LLC Voluntary Def erred Compensation P la n .
+Added: Brighthouse Services, LLC Volun tary Deferred Compensation Plan ( restated effective January 1, 2025).
10.8# Brighthouse Financial, Inc.
3 unchanged sentences
10.10# Brighthouse Financial, Inc.
−Removed: Employee Stock Purchase Plan (restated effective March 25, 2020), is incorporated by reference to Exhibit 10.1 to our Quarterly Report on Form 10-Q, filed on August 7, 2020
+Added: Employee Stock Purchase Plan ( amended and restated effective April 3,2024 ) is incorporated by reference to Exhibit 10.1 to ou r Current Report on Form 8-K , filed on June 10, 2024.
10.11# Form of Performance Share Unit Agreement (Employee Plan) is incorporated by reference to Exhibit 10.15 to our 2018 Annual Report.
3 unchanged sentences
10.15# Form of Non-Qualified Stock Option Agreement (Employee Plan) for awards granted on or after February 13, 2019, is incorporated by reference to Exhibit 10.20 to our 2018 Annual Report.
+Added: Form of Performance Share Unit Agreement (Employee Plan) for awards granted in 2024 and subsequently is incorporated by reference to Exhibit 10.1 to our Quarterly Report on Form 10-Q, filed on May 8, 2024.
Award Agreement Supplement (Employee Plan) for awards with ratable vesting is incorporated by reference to Exhibit 10.22 to our 2018 Annual Report.
Award Agreement Supplement (Employee Plan) for awards with cliff vesting is incorporated by reference to Exhibit 10.23 to our 2018 Annual Report.
+Added: Award Agreement Supplement (Employee Plan) for Performance Share Unit and Restricted Stock Unit awards granted in 2024 and subsequently is incorporated by reference to Exhibit 10.2 to our Quarterly Report on Form 10-Q, filed on May 8, 2024.
Form of Non-Management Director Restricted Stock Unit Agreement (Director Plan), as amended November 14, 2019, is incorporated by reference to Exhibit 10.2 to our Quarterly Report on Form 10-Q, filed on May 11, 2020.
2 unchanged sentences
Brighthouse Services, LLC Amended and Restated Executive Severance Pay Plan is incorporated by reference to Exhibit 10.1 to our Current Report on Form 8-K filed on November 19, 2019.
−Removed: Ame n dme nt Number One to the Brighthouse Services, LLC Amended and Restated Executive Severance Pay Plan is inc orporated by reference to Exhibit 10.
−Removed: 3 to our Quarte rly Report on Form 10-Q, filed on August 9, 2023 .
+Added: Amendment Number One to the Brighthouse Services, LLC Amended and Restated Executive Severance Pay Plan is incorporated by reference to Exhibit 10.3 to our Quarterly Report on Form 10-Q, filed on August 9, 2023.
Brighthouse Services, LLC Change of Control Severance Pay Plan is incorporated by reference to Exhibit 10.2 to our Current Report on Form 8-K filed on November 16, 2018.
−Removed: Amendment Number One to the Brighthouse Services, LLC Ch a n ge of Control Severance Pay Plan is incorporated by reference to Exhibit 10.
−Removed: 4 to our Quarterly Report on Form 10-Q, filed on August 9, 2023.
+Added: Amendment Number One to the Brighthouse Services, LLC Change of Control Severance Pay Plan is incorporated by reference to Exhibit 10.4 to our Quarterly Report on Form 10-Q, filed on August 9, 2023.
Brighthouse Services, LLC Limited Death Benefit Plan is incorporated by reference to Exhibit 10.1 of our Current Report on Form 8-K, filed on December 23, 2019.
2 unchanged sentences
Summary of Brighthouse Services, LLC ICOLI Supplemental Death Benefit Only Plan is incorporated by reference to Exhibit 10.25 to our Annual Report on Form 10-K, filed on February 23, 2023.
+Added: I nside r Tra ding Policy .
21.1* List of Subsidiaries as of December 31, 2024.
4 unchanged sentences
32.2** Certification of Chief Financial Officer pursuant to Section 906 of the Sarbanes-Oxley Act of 2002.
−Removed: Bri ghthouse Finan cial , Inc.
−Removed: Accounting Restatement Compensation Recovery Policy .
+Added: Brighthouse Financial, Inc.
+Added: Accounting Restatement Compensation Recovery Policy is incorporated by reference to our 2023 Annual Report.
101.INS* XBRL Instance Document - the instance document does not appear in the Interactive Data File because its XBRL tags are embedded within the Inline XBRL document.
20 unchanged sentences
(Principal Financial Officer) February 28, 2025
−Removed: /s/ Kristine H.
−Removed: Toscano Chief Accounting Officer
−Removed: (Principal Accounting Officer) February 22, 2024
+Added: /s/ Richard A.
+Added: Cook Interim Chief Accounting Officer
+Added: (Principal Accounting Officer)
+Added: February 28, 2025
Edward Chaplin Chairman of the Board of Directors February 28, 2025
2 unchanged sentences
Hooley Director February 28, 2025
+Added: /s/ Michael J.
+Added: Inserra Director
+Added: February 28, 2025
Director February 28, 2025
3 unchanged sentences
Director February 28, 2025
+Added: /s/ Lizabeth H.
+Added: Zlatkus Director
+Added: February 28, 2025
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.