Brighthouse Financial filings document the company's annuity and life insurance operations, financial condition, capital structure, and governance. Form 8-K reports include operating results, financial supplements, material-event disclosures, executive-officer changes, and capital-structure information for common stock, preferred-stock depositary shares, and junior subordinated debentures.
Proxy materials describe board and shareholder voting matters, executive compensation, governance practices, and related proposals. The filing record also covers material agreements and segment disclosures for Annuities, Life, Run-off, and Corporate & Other activities, including managed run-off products and funding-agreement activity.
Melissa B. Pavlovich, Chief Accounting Officer of Brighthouse Financial, Inc. (BHF), filed an initial Form 3 reporting direct ownership of 6,822 shares of common stock and several unvested restricted stock unit awards. The filing lists RSUs awarded in 2025 (1,294 RSUs vesting in three equal installments in March 2026-2028), 2024 awards (5,581 RSUs vesting April 8, 2026 and remaining portions vesting March 2026-2027), 2024 unvested portion (1,076 RSUs), and 2023 unvested portion (413 RSUs). The form is signed by an attorney-in-fact.
Brighthouse Financial has expanded its leadership team, appointing Myles J. Lambert as Executive Vice President and Chief Operating Officer effective August 30, 2025. He will also continue to lead distribution, marketing and corporate strategy for the company’s annuity and life insurance products. His compensation includes a $700,000 annual base salary, a target short-term incentive equal to 140% of base salary and a target long-term equity incentive equal to 305% of base salary, split between restricted stock units and performance share units, all tied to individual and company performance goals. Lambert is also eligible for a $1.0 million special cash award payable on July 1, 2027, subject to continued employment and role performance conditions.
The company also appointed Melissa Pavlovich as Chief Accounting Officer, effective August 30, 2025, succeeding Richard Cook, who becomes Deputy CAO. Pavlovich will continue to oversee the Tax department. Her package includes a $425,000 base salary, a target short-term incentive equal to 60% of base salary, and a long-term incentive opportunity valued at $219,500, split between restricted stock units and performance share units, subject to performance conditions.
Brighthouse Financial reported mixed second-quarter results for the period ended June 30, 2025. The company reported net income available to common shareholders of $60 million for the quarter, up from $9 million a year earlier, and comprehensive income of $498 million versus $28 million. Total revenues declined to $871 million from $1,427 million, driven by large net derivative losses of $1,237 million in the quarter and negative net investment gains.
The balance sheet shows total assets of $242.6 billion and total equity of $5.74 billion. Adjusted earnings remain concentrated in the Annuities segment ($332 million for the quarter). The company recorded allowance increases on mortgage loans to $209 million and noted an overall improvement in net unrealized investment losses in accumulated other comprehensive income, which narrowed by $947 million versus year-end.