08.08.25

Brighthouse to Separately Manage Annuity Blocks To Streamline Operations

by: Terrance Dopp

Brighthouse Financial Inc. will separate management of its Shield Level and variable annuity blocks, shifting from a combined approach to distinct hedging strategies by September 2025. CEO Eric Steigerwalt called the transition one of the company’s most important strategic initiatives, noting extensive planning over the past year. CFO Ed Spehar said Shield sales are now hedged independently, with work underway on in-force business. The change aims to simplify operations, improve transparency and reduce volatility while maintaining strong risk management.

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