What is the relationship between MetLife and Brighthouse Financial?
Asked by: Xzavier Rolfson IV | Last update: January 20, 2026Score: 4.2/5 (46 votes)
Are MetLife and Brighthouse the same company?
August 2017 Brighthouse Financial completes its separation from MetLife, Inc. and becomes an independent company with operations headquartered in Charlotte, NC. Through its insurance company subsidiaries, Brighthouse Financial is licensed to issue life insurance and annuity products in all 50 states.
Who is the parent company of Brighthouse Financial?
About Brighthouse Financial
Brighthouse Financial is currently an operating segment of MetLife, Inc. (NYSE: MET), and a leading annuity and life insurance provider in the U.S. with approximately 2.8 million insurance policies and annuity contracts in-force.
Who bought out MetLife life insurance?
WOODLAND HILLS, Calif. //BestWire// - Farmers Group Inc. and Farmers Exchanges have completed their acquisition of MetLife Inc.'s U.S. property/casualty business for $3.94 billion, assuming 2.4 million in-force policies, the companies announced April 7.
Who is MetLife affiliated with?
MetLife subsidiaries and affiliates have included MetLife Investors, MetLife Bank, MetLife Securities, Metropolitan Property and Casualty Insurance Company and its subsidiaries, General American, MetLife Legal Plans, MetLife Resources, New England Financial, Walnut Street Securities, Inc., Safeguard Health Enterprises, ...
I was wrong about Whole Life Insurance...
What was the old name of MetLife?
MetLife was founded in 1863 as the National Union Life and Limb Insurance Company, which was more than just a clever name.
Who is MetLife vision under?
Benefits are underwritten by Metropolitan Life Insurance Company, New York, NY (MetLife). Certain claim and network administration services are provided through Vision Service Plan, Rancho Cordova, CA (VSP). VSP is not affiliated with MetLife or its affiliates.
What is the new name for Brighthouse?
Separation from MetLife
The entities marked for separation into the new enterprise included: Brighthouse Life Insurance Company (formerly MetLife Insurance Company USA), Brighthouse Life Insurance Company of NY (formerly First MetLife Investors Insurance Company) and New England Life Insurance Company.
When did Brighthouse split from MetLife?
The distribution was the method by which Brighthouse Financial, Inc. separated from MetLife, Inc. On August 4, 2017, MetLife, Inc. distributed 96,776,670 shares of Brighthouse Financial, Inc.'s common stock, representing approximately 80.8% of those shares, on a pro rata basis to MetLife, Inc.'s common shareholders.
What is the old name for Brighthouse?
MetLife, Inc. (NYSE: MET) (“MetLife” or the “Company”) today announced that it will rebrand its U.S. Retail business as Brighthouse Financial after it is separated from the Company.
How safe is Brighthouse Financial?
Fitch Ratings - New York - 22 Nov 2024: Fitch Ratings has affirmed Brighthouse Financial, Inc.'s Long-Term Issuer Default Rating (IDR) at 'BBB+'. Additionally, Fitch has affirmed the 'A' Insurer Financial Strength (IFS) ratings of Brighthouse Life Insurance Company (BLIC) and New England Life Insurance Company.
Has Brighthouse gone bust?
On 30 March 2020, Grant Thornton were appointed as administrators. BrightHouse collapsed as "the company had been struggling after an influx of compensation claims for selling to people who could not repay.
Is Brighthouse still a company?
Total assets are for Brighthouse Financial, Inc., which had total liabilities of $233 billion as of March 31, 2023. Brighthouse Financial, Inc. is the ultimate parent company of the Brighthouse Financial operating insurance companies.
Is MetLife and Fidelity the same company?
MetLife is not affiliated with any Fidelity Investments company. VIP refers to Variable Insurance Products. VIP Portfolios are available for investment only by the separate accounts of insurance companies. MetLife Growth and Guaranteed Income annuity (Policy Form Series No.
How do I access my Brighthouse policy?
You can access the details of your contract and/or policy by logging in to your Online Servicing account using your new login credentials. Once logged in, you will see a list of your contracts/policies. Use the left sidebar to navigate to specific sections of each contract/policy.
What is the difference between MetLife and BrightHouse?
We have separated part of our U.S. business from MetLife to become its own company, called Brighthouse Financial, Inc. As a separate company, Brighthouse Financial focuses on retail products for consumers.
Is Brighthouse Financial in trouble?
Brighthouse Financial's threat of distress is below 50% at the present time. It has small chance of experiencing financial straits in the next few years.
What did MetLife used to be called?
MetLife traces its roots back to the foundation of the National Union Life and Limb Insurance Company in 1863, which provided wartime-related disability coverage for Civil War sailors and soldiers. In 1864, the company had written 17 life policies and 56 accident policies.
Does MetLife still exist?
MetLife Inc., through its subsidiaries and affiliates (MetLife), is one of the world's leading financial services companies, providing insurance, annuities, employee benefits and asset management to help individual and institutional customers build a more confident future.
What bank does MetLife use for checks?
The insurance company and Pittsburgh-based PNC Bank NA, which processed MetLife checks, refused to cover Williams's losses — each denying responsibility — federal civil court records show.
Does Costco take MetLife?
Top Retailers Network Access: Members have access to 152k nationwide points of access1, including all of the top U.S. optical retailers like America's Best Contacts & Eyeglasses, Costco Optical, Eyeglass World, LensCrafters, Pearle Vision, Target Optical, VisionWorks, Walmart, and more.
What is MetLife known for?
MetLife, Inc. is a leading global provider of insurance, annuities and employee benefit programs. Through its subsidiaries and affiliates, MetLife holds leading market positions in the United States, Japan, Latin America, Asia, Europe, the Middle East and Africa.
Does Walmart take MetLife vision?
Go to any licensed vision specialist and receive coverage. Just remember your benefit dollars go further when you stay in-network. Choose from a large network of ophthalmologists, optometrists and opticians, from private practices to retailers like Costco® Optical, Walmart, Sam's Club.