Brighthouse Financial, Inc. Announces Board Changes
April 01, 2021 at 04:20 pm EDT
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On March 29, 2021, Margaret M. McCarthy, a member of the Board of Directors of Brighthouse Financial, Inc. informed the Board that she will not stand for reelection to the Board at the Company’s 2021 annual meeting of stockholders (the “2021 Annual Meeting”), which the Company intends to hold on June 10, 2021. Ms. McCarthy’s decision not to stand for reelection is not due to any disagreement with the Company. Ms. McCarthy will continue to serve as a director until the expiration of her current term at the 2021 Annual Meeting.
Brighthouse Financial, Inc. is annuities and life insurance provider. The Companyâs segments include Annuities, Life, and Run-off. The Annuities segment consists of a variety of variable, fixed, index-linked and income annuities designed to address contract holderâs needs for protected wealth accumulation on a tax-deferred basis, wealth transfer and income security. The Life segment consists of insurance products and services, including term, universal, whole, and variable life products designed to address policyholdersâ needs for financial security and protected wealth transfer, which may be on a tax-advantaged basis. The Run-off segment consists of products that are separately managed, including universal life with secondary guarantees, structured settlements, pension risk transfer contracts, certain Company-owned life insurance policies and certain funding agreements. Its mortgage loans are principally collateralized by commercial, agricultural, and residential properties.