Brighthouse Financial, Inc.

Brighthouse Financial is one of the largest providers of annuity and life insurance products in the U.S., with over 2.0 million annuity contracts and insurance policies in force at December 31, 2025. The company delivers its products through multiple independent distribution channels and marketing arrangements with a diverse network of distribution partners. Brighthouse Financial primarily conducts business through its insurance subsidiaries, Brighthouse Life Insurance Company, Brighthouse Life Insurance Company of NY ("BHNY"), and New England Life Insurance Company ("NELICO"). NELICO does not currently write new business. The company focuses on offering a targeted set of products and emphasizes risk management for both its existing and new business to enhance long-term shareholder value. When writing new business, Brighthouse Financial evaluates new products based on cash flow timing and amount, capital use and cost for financial strength ratings, diversification to existing business, and risk mitigation costs. The company maintains a strong capital base and excess liquidity at the holding company, with a risk management approach designed to lessen the impact of severe market disruptions and other economic events.