Brighthouse Financial, Inc. Announces Pricing of Secondary Offering of Common Stock

CHARLOTTE, N.C.–(BUSINESS WIRE)–Brighthouse Financial, Inc. (“Brighthouse”) (Nasdaq: BHF) announced
today the pricing of its previously announced secondary public offering
of 23,155,117 shares of its common stock at a price to the public of
$44.50 per share. Brighthouse is not selling any shares and will not
receive any proceeds from the sale of the shares in the offering or the
debt-for-equity exchange (as described below). The offering is expected
to close on June 19, 2018, subject to customary closing conditions.

MetLife, Inc., Brighthouse’s former parent company (“MetLife”), has
exchanged the shares of Brighthouse common stock to be sold in the
offering for indebtedness of MetLife owned by Goldman Sachs & Co. LLC,
J.P. Morgan Securities LLC, Morgan Stanley & Co. LLC and Wells Fargo
Securities, LLC (collectively, the “Selling Stockholders”).

Goldman Sachs & Co. LLC, J.P. Morgan, Morgan Stanley and Wells Fargo
Securities are acting as the underwriters for the offering.

The offering is being made only by means of a prospectus. A copy of the
prospectus and prospectus supplement related to the offering may be
obtained from: Goldman Sachs & Co. LLC Attention: Prospectus Department,
200 West Street, New York, NY 10282, telephone: (866) 471-2526,
facsimile: (212) 902-9316 or e-mail:;
J.P. Morgan Securities LLC, c/o Broadridge Financial Solutions, 1155
Long Island Avenue, Edgewood, NY 11717, or by calling toll-free at (866)
803-9204; Morgan Stanley & Co. LLC 180 Varick Street, 2nd Floor, New
York, New York 10014, Attention: Prospectus Department; or Wells Fargo
Securities, LLC, Attention: Equity Syndicate Department, 375 Park
Avenue, New York, New York 10152, by calling (800) 326-5897 or by
You may also obtain a copy of the preliminary prospectus and prospectus
supplement, without charge, by visiting the SEC’s website at

A registration statement on Form S-1 relating to these securities has
been filed with, and declared effective by, the U.S. Securities and
Exchange Commission. This press release shall not constitute an offer to
sell or the solicitation of an offer to buy, nor shall there be any sale
of these securities in any state or jurisdiction in which such offer,
solicitation or sale would be unlawful prior to registration or
qualification under the securities laws of any such state or

Note Regarding Forward-Looking Statements

This press release and other oral or written statements that we make
from time to time, including with respect to the public offering, 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 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. 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 the registration statement on Form S-1 filed
by Brighthouse with the U.S. Securities and Exchange Commission (the
“SEC”) on June 12, 2018, particularly in the section entitled “Risk
Factors”, in Brighthouse’s most recent Annual Report on Form 10-K filed
with the SEC, in Brighthouse’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’s subsequent Current Reports on Form 8-K. Brighthouse 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 makes on related subjects in reports to the SEC.

About Brighthouse Financial, Inc.

Brighthouse Financial, Inc. (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.


Brighthouse Financial, Inc.
For Investors:
Rosenbaum, 980-949-3326

Tim Miller, 980-949-3121