Market Overview

Brighthouse Financial Announces $200 Million Stock Repurchase Program

Share:

Brighthouse Financial, Inc. (Brighthouse Financial) (NASDAQ:BHF) today
announced that its Board of Directors has authorized the repurchase of
up to $200 million of Brighthouse Financial common stock. The stock
repurchase program is the first for Brighthouse Financial since becoming
an independent, publicly-traded company in August 2017.

"We are pleased to announce this initial stock repurchase program,
significantly ahead of our original expectation to start returning
capital in 2020," said Eric Steigerwalt, president, chief executive
officer and director, Brighthouse Financial. "From the beginning, we
have worked diligently to enhance our financial strength and
flexibility. This program reflects the progress we have made, the
confidence we have in our strategy, and our commitment to returning
capital to shareholders over time."

Repurchases under the program may be made through open market purchases,
pursuant to 10b5-1 plans or pursuant to accelerated stock repurchase
plans from time to time at management's discretion in accordance with
applicable federal securities laws.

Note Regarding Forward-Looking Statements

This news release and other oral or written statements that we make from
time to time may contain information that includes or is based upon
forward-looking statements within the meaning of the Private Securities
Litigation Reform Act of 1995. Such forward-looking statements involve
substantial risks and uncertainties. We have tried, wherever possible,
to identify such statements using words such as "anticipate,"
"estimate," "expect," "project," "may," "will," "could," "intend,"
"goal," "target," "forecast," "objective," "continue," "aim," "plan,"
"believe" and other words and terms of similar meaning, or that are tied
to future periods, in connection with a discussion of future operating
or financial performance. In particular, these include, without
limitation, statements relating to future actions, prospective services
or products, future performance or results of current and anticipated
services or products, sales efforts, expenses, the outcome of
contingencies such as legal proceedings, trends in operating and
financial results, as well as statements regarding the expected benefits
of the separation from MetLife, Inc. and the recapitalization actions.

Any or all forward-looking statements may turn out to be wrong. They can
be affected by inaccurate assumptions or by known or unknown risks and
uncertainties. Many such factors will be important in determining the
actual future results of Brighthouse Financial. These statements are
based on current expectations and the current economic environment and
involve a number of risks and uncertainties that are difficult to
predict. These statements are not guarantees of future performance.
Actual results could differ materially from those expressed or implied
in the forward-looking statements due to a variety of known and unknown
risks, uncertainties and other factors. Risks, uncertainties, and other
factors that might cause such differences include the risks,
uncertainties and other factors identified in Brighthouse Financial's
most recent Annual Report on Form 10-K filed with the U.S. Securities
and Exchange Commission (the "SEC"), in Brighthouse Financial's
subsequent Quarterly Reports on Form 10-Q, including in the sections
thereof captioned "Note Regarding Forward-Looking Statements" and "Item
1A. Risk Factors," and in Brighthouse Financial's subsequent Current
Reports on Form 8-K. Brighthouse Financial does not undertake any
obligation to publicly correct or update any forward-looking statement
if Brighthouse later becomes aware that such statement is not likely to
be achieved. Please consult any further disclosures Brighthouse
Financial makes on related subjects in reports to the SEC.

About Brighthouse Financial, Inc.

Brighthouse Financial (NASDAQ:BHF) is a major provider of annuities and
life insurance in the U.S. Established by MetLife, we are on a mission
to help people achieve financial security. We specialize in products
that play an essential role in helping people protect what they've
earned and ensure it lasts. Learn more at www.brighthousefinancial.com.

View Comments and Join the Discussion!