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. back to top No, the number of shares of MetLife, Inc. common stock you own did not change as a result of the distribution. back to top On the August 4, 2017 distribution date, MetLife, Inc. common shareholders received a distribution of one share of Brighthouse Financial, Inc. common stock for every 11 shares of MetLife, Inc. common stock they held as of 5:00 p.m. New York City time, on the July 19, 2017 record date. MetLife, Inc. common shareholders who sold their MetLife, Inc. shares in the “regular-way” market after that date, but before and through the August 4 date that Brighthouse Financial, Inc. common stock was distributed, sold their entitlement to receive Brighthouse Financial, Inc. common stock in the distribution. Shareholders of MetLife, Inc. who owned less than 11 shares of common stock, or others who would otherwise have received fractional shares, received cash. back to top The distribution was effective as of 5:00 p.m., New York City time, on August 4, 2017. back to top Registered shareholders: If you are a registered shareholder (meaning you hold physical MetLife, Inc. stock certificates or you own your shares of MetLife, Inc. common stock directly through an account with MetLife, Inc.’s transfer agent, Computershare Inc.), Brighthouse Financial, Inc.’s transfer agent credited the whole shares of Brighthouse Financial, Inc. common stock you received in the distribution by way of direct registration in book-entry form under the Direct Registration System (the “DRS”) to your DRS book-entry account on or shortly after the August 4, 2017 distribution date. The transfer agent keeps a record of your shares of common stock on Brighthouse Financial, Inc.’s record of owners. You may access information regarding your DRS account holding the Brighthouse Financial, Inc. shares at Computershare Trust Company, N.A. using the following website www.computershare.com/brighthouse or via Brighthouse Financial, Inc.’s transfer agent’s interactive voice response system at (888) 670-4771. If you were entitled to receive whole shares of Brighthouse Financial, Inc. common stock in the distribution, promptly after the August 4, 2017 distribution date, the distribution agent will mail to you a DRS account statement that reflects the number of whole shares of Brighthouse Financial, Inc. common stock you own, along with a check for any cash in lieu of fractional shares you would otherwise have been entitled to receive. “Street name” or beneficial shareholders: If you own your shares of MetLife, Inc. common stock beneficially through a bank, broker or other nominee, the bank, broker or other nominee holds the shares in “street name” and records your ownership on its books. In this case, your bank, broker or other nominee should credit your account with the whole shares of Brighthouse Financial, Inc. common stock you received in the August 4, 2017 distribution on or shortly after the distribution date. Please contact your bank, broker or other nominee for further information about your account. Trust beneficiaries: If you are a beneficiary of the MetLife Policyholder Trust established in connection with the demutualization of Metropolitan Life Insurance Company in April 2000, see Brighthouse Financial Distribution Information for Trust Beneficiaries Brighthouse Financial, Inc. will not issue any physical stock certificates to any shareholders, even if requested. back to top Brighthouse Financial, Inc. common stock began trading on The NASDAQ Stock Market LLC under the symbol “BHF” on August 7, 2017. back to top Yes. MetLife, Inc. common stock will continue to be traded on the New York Stock Exchange under the symbol “MET”. back to top MetLife intends for the Distribution to qualify as a “reorganization” under section 355 and 368(a)(1)(D) of the Code. Assuming that this characterization is respected, MetLife shareholders generally will not recognize any gain or loss on the Distribution for U.S. federal income tax purposes (except to the extent that gain or loss may be recognized with respect to any cash received in lieu of fractional shares of BHF common stock). Please also refer to the Information Statement for more information, including some caveats and exceptions. For information about cost basis allocation, please see Form 8937. back to top The Form 8937 provides information about the basis consequences of the distribution, and how to allocate your cost basis between the MetLife and Brighthouse shares. Please also refer to the Information Statement for more information. back to top These Frequently Asked Questions & Answers provide only a summary of the terms of the distribution. You should read the section entitled “The Separation and Distribution” inBrighthouse Financial, Inc.’s Information Statementfor a more detailed description. Computershare Trust Company, N.A. Investor Relations If you have any questions relating to MetLife, Inc., you should contact: Investor Relations back to top When MetLife demutualized and converted to a stock insurance company on April 7, 2000, eligible policyholders were allocated shares of MetLife, Inc. common stock. back to top Shares that were allocated to eligible policyholders as a result of the demutualization are held in the MetLife Policyholder Trust (the “Trust”) in book entry form. These shares are held electronically with Computershare as custodian of the Trust. back to top You may contact Computershare by calling (800) 649-3593. You may also access your stock account online at Computershare's website. Additionally, written inquiries may be sent to: MetLife back to top Additional information can be found in the Annual Report on Form 10-K for the MetLife Policyholder Trust located on our website. back to top MetLife’s common stock ticker symbol is MET and is listed on the New York Stock Exchange, NYSE. back to top You may contact Computershare by calling (800) 649-3593 to make changes to your MetLife, Inc. common stock account, including updating the address. back to top Your MetLife, Inc. common stock account can be re-registered to list a Transfer on Death (TOD) recipient (except in the State of Louisiana). To do so, you must complete the Transfer Request form which may be downloaded from Computershare’s website to add the TOD recipient. For more information regarding this process or to request a form to be mailed, you may contact Computershare at (800) 649-3593. back to top Annually, MetLife mails account statements to shareholders of record and beneficiaries of the MetLife Policyholder Trust. To request a duplicate account statement, you may contact Computershare at (800) 649-3593. back to top MetLife’s financial information can be found here on our website. back to top Forms to make account and other ownership changes may be obtained from Computershare’s website. The form and requirements for making these types of account changes may also be obtained from Computershare by calling (800) 649-3593. back to top If your MetLife, Inc. common stock is held with Computershare in the MetLife Policyholder Trust (the “Trust”), you must first withdraw your shares from the Trust by completing a Notice to Withdraw form. You may download this form fromwww.Computershare.com/metlifeor by calling (800) 649-3593 to request a form to be mailed to you. The form must be completed and returned to Computershare to withdraw the shares. This will allow your shares to be transferred from the Trust and registered to you in the Direct Registration System (DRS). Once the shares are placed in DRS, you will receive a DRS statement with your account information. Your broker will need the following information to transfer the shares electronically: 1. The Holder Account Number back to top Get your dividend payments faster, securelyand conveniently, directly to your bank account. Selecthttp://cshare.us/metfaqeftto enroll or call 1-800-649-3593 and at the main menu, say “Direct Deposit”. back to top For information about the most recent common stock dividend, you may select “Stock” and “Common Dividend History” from the top navigation. Shareholders may also refer to their most recent MetLife, Inc. common stock account statement for specific dividend and account information. If you do not have your MetLife, Inc. common stock account statement, you may contact Computershare at (800) 649-3593 or visit Computershare's website for online access to your account. back to top If you have a MetLife, Inc. common stock dividend check that is outdated, you may contact Computershare at (800) 649-3593 and request to have it reissued, or visit Computershare's website for online access to your account. back to top Currently, MetLife does not offer a dividend reinvestment program; however, the feasibility of offering such a program is reviewed periodically. No changes are planned at this time, but if a reinvestment program is instituted, all eligible shareholders will be notified of the option. back to top If you were allocated stock when MetLife demutualized and became a public company in the year 2000, the IRS’ position is that those shares will have a zero cost basis. Additional information is included in MetLife’s Purchase & Sale Program Brochure which can be found here on MetLife’s website. You are urged to consult your tax advisor regarding your personal tax situation. back to top You may certify your Taxpayer Identification Number (for individuals, this is your Social Security number) by calling Computershare at (800) 649-3593 and following the simple steps in the automated telephone system.You may also download a Form W-9 to certify your TIN from the Printable Forms section of Computershare's website or from the IRS’ website. The completed form should be returned to the address below. MetLife back to top Complete the Substitute W-9 based on the instructions you received with the form, and return it to Computershare at the address listed on the form. If you have any questions you may contact Computershare at (800) 649-3593. back to top If your shares of MetLife, Inc. common stock are held in the MetLife Policyholder Trust, you may visit Computershare's website for online access to your account, and to sell online. You may also sell your shares by calling Computershare at (800) 649-3593. Please have your Holder Account Number available when accessing your account through their website or calling. You may also submit a written request to sell your shares to Computershare at: MetLife Additional details regarding the sale of shares held in the MetLife Policyholder Trust may be found here in the Purchase & Sale Program Brochure on MetLife’s website. back to top If you are a beneficiary of the MetLife Policyholder Trust (the “Trust”), you may purchase additional shares in accordance with the rules of the Trust by submitting a written request, and including your Holder Account Number, indicating the dollar amount of shares you wish to purchase, together with a personal check for the amount made payable to MetLife Purchase Program. You may mail the letter to Computershare at the address listed below. For additional information, please refer to page two of the Purchase & Sale Program Brochure which can be found here on MetLife’s website. MetLife back to top Registered holders of MetLife, Inc. common stock, whose shares are not held in the MetLife Policyholder Trust, may sell their shares through Computershare by calling (800) 649-3593. Computershare's fees for this type of sale transaction are $15 plus commissions of $0.12 per share. You may also elect to transfer the shares to your personal brokerage account. back to top If you are a holder of MetLife, Inc. common stock in certificate form, you may surrender your certificate(s) to Computershare with a letter requesting the sale of the shares. It is recommended that you mail the certificate(s) using Registered Mail to the address listed below. MetLife You may also elect to transfer the shares to your personal brokerage account. back to top Brighthouse Financial Distribution Information
What was the distribution?
Did the number of MetLife, Inc. shares I own change as a result of the distribution?
What did I receive in the distribution?
When did the distribution occur?
How did MetLife, Inc. distribute shares of Brighthouse Financial, Inc. common stock?
How does Brighthouse Financial, Inc. common stock trade?
Will my shares of MetLife, Inc. common stock continue to trade on the New York Stock Exchange following the distribution?
What are the U.S. federal income tax consequences of the distribution to me?
How is the cost basis of my MetLife shares affected by this distribution, and what is the cost basis of the Brighthouse shares?
Where can I get more information?
If you have any questions relating to the mechanics of the distribution, you should contact the distribution agent at:
P.O. Box 505000
Louisville, KY 40233-5000
Phone: (888) 670-4771
Email: [emailprotected]If you have any questions relating to Brighthouse Financial, Inc., you should contact:
Brighthouse Financial,Inc.
Gragg Building, 11225 North Community House Road
Charlotte, North Carolina 28277
Phone: (980) 365-7100
Email: [emailprotected]
MetLife, Inc.
200 Park Avenue
New York, New York 10166-0188
Phone: (212) 578-7888
Email: [emailprotected]The MetLife Policyholder Trust
How did I acquire MetLife, Inc. common stock?
Where and how is the MetLife, Inc. common stock held?
How may I contact Computershare?
c/o Computershare
P.O. Box 505000
Louisville, KY 40233-5000Where can I find additional information about the MetLife Policyholder Trust?
General
What is MetLife’s common stock ticker symbol?
How do I update the address on my MetLife, Inc. common stock account?
How do I add a Transfer on Death (TOD) recipient to my MetLife, Inc. common stock account so that my account can be transferred on death to a named beneficiary?
How can I obtain a copy of my MetLife, Inc. common stock account statement?
Where can I find MetLife’s most recent financial information, including the annual report, 10-K, etc?
Ownership Transfers
How do I update my name or transfer ownership of the MetLife, Inc. common stock account?
How do I transfer my MetLife shares to my personal brokerage account?
2. The Taxpayer Identification Number ("TIN")
3. The MetLife Policyholder Trust account registrationDividends
How do I enroll in direct deposit for dividends?
What is the most recent declared dividend amount for MetLife, Inc. common stock? When is it distributed to shareholders?
How can I have an old MetLife, Inc. common stock dividend check reissued?
Does MetLife have a dividend reinvestment program?
Tax and Cost Basis Information
What is the cost basis of the stock that was allocated to me when MetLife became a public company?
How do I certify my Taxpayer Identification Number (TIN), on my MetLife stock account?
c/o Computershare
P.O. Box 505000
Louisville, KY 40233-5000I received a Substitute W-9 from Computershare. What do I need to do?
Purchases and Sales by Beneficiaries of the MetLife Policyholder Trust
How do I sell my shares of MetLife, Inc. common stock?
c/o Computershare
P.O. Box 505000
Louisville, KY 40233-5000Can I purchase additional MetLife, Inc. common stock?
c/o Computershare
P.O. Box 505000
Louisville, KY 40233-5000Sales by Registered Holders of MetLife, Inc. Common Stock
How do I sell MetLife, Inc. common stock that is held in book entry form?
How do I sell my MetLife, Inc. common stock when the shares are in certificate form?
c/o Computershare
P.O. Box 505000
Louisville, KY 40233-5000
FAQs
MetLife, Inc. - Shareholder Services? ›
Registered holders of MetLife, Inc. common stock, whose shares are not held in the MetLife Policyholder Trust, may sell their shares through Computershare by calling (800) 649-3593. Computershare's fees for this type of sale transaction are $15 plus commissions of $0.12 per share.
Is Computershare part of MetLife? ›Computershare Inc. on behalf of MetLife, Inc., now makes it easy and convenient for you to access your MetLife, Inc.
Who owns MetLife, Inc? ›MetLife is owned by its shareholders, as it is a publicly traded company. The biggest shareholders are BlackRock, Dodge & Cox, and The Vanguard Group, which have a combined ownership stake of almost 20%, as of Q3 2021, according to public filings.
When did Brighthouse financial spin off from MetLife? ›Yes. Brighthouse Financial, Inc. spun off from MetLife, Inc. on August 4, 2017, through the distribution of Brighthouse Financial, Inc.
Who is the transfer agent for MetLife? ›common stock (“shares”). The shares you receive will be maintained in book-entry (electronic) form with Computershare, MetLife's Transfer Agent.
How do I check my shares on Computershare? ›...
Here you can:
- View your share portfolio.
- Download forms.
- Change your personal details.
- Find answers to FAQs.
If your shares of MetLife, Inc. common stock are held in the MetLife Policyholder Trust, you may visit Computershare's website for online access to your account, and to sell online. You may also sell your shares by calling Computershare at (800) 649-3593.
What happened to MetLife? ›On March 6, 2017, MetLife separated its U.S. retail business. The separated business launched Brighthouse Financial, Inc. - an independent company that is no longer a part of MetLife. Click here to learn more about Brighthouse Financial.
What is MetLife called now? ›Today, MetLife Insurance Company USA is Brighthouse Life Insurance Company, licensed in 49 states.
Did Farmers take over MetLife? ›Yes, Farmers Insurance bought MetLife's home and auto insurance business. The purchase was agreed to in December 2020 and finalized in April 2021, but current MetLife customers will see no changes to their policies and will only receive new paperwork with Farmers branding.
Should I sell my Brighthouse stock? ›
The consensus among Wall Street equities research analysts is that investors should "hold" Brighthouse Financial stock. A hold rating indicates that analysts believe investors should maintain any existing positions they have in BHF, but not buy additional shares or sell existing shares.
Who holds Brighthouse stock? ›| Stockholder | Stake | Shares owned |
|---|---|---|
| Dodge & Cox | 12.24% | 9,378,819 |
| The Vanguard Group, Inc. | 9.97% | 7,636,867 |
| BlackRock Fund Advisors | 8.16% | 6,252,856 |
| Greenlight Capital, Inc. | 4.75% | 3,637,688 |
Both Brighthouse Life Insurance Company and Brighthouse Life Insurance Company of New York have been assigned A (Excellent) financial strength ratings from AM Best. 2 Both also received A+ ratings from Standard & Poor's.
When did MetLife convert to a stock company? ›After 85 years as a mutual company, MetLife demutualized into a publicly traded company with an initial public offering in 2000.
How do you transfer Computershare stock after death? ›Transfer requires: (a) an endorsem*nt by the surviving beneficiary or beneficiaries (with acceptable signature verification) and (b) an original, or a certified copy of the death certificate of the owner(s) and (c) any inheritance tax waivers required or other documents required by Computershare for transfers under its ...
How do I sell my Computershare stock? ›How do I buy/sell shares? If you would like to sell shares you already hold, you can use Investor Trade, Computershare's online share sale facility for issuer sponsored securityholdings. The service is available to investors in companies where Computershare acts as share registrar.
Where are my shares kept? ›Shares are kept in the dematerialized or electronic form in two depositories – National Securities Depository Limited (NSDL) and Central Depository Services Limited (CDSL). Depositories receive shares through Depository Participants (DP) and not directly from investors.
Why can't I access my Computershare account? ›After validating your User ID, if you are still unable to answer a security question and your account becomes locked, then you will need to wait 24 hours and try again. If you are still unable to login, please call us for assistance.
Where are my shares registered? ›Go to the company's website and search for an Investor Relations section. The share registry will be shown there.
Are MetLife dividends taxable? ›Dividends are generally not taxed as income to you. Instead, they are considered a return of your premium regardless of whether you receive them in cash, use them to purchase additional coverage, use them to reduce future premiums, or leave them invested with the insurance company.
How do I check my MetLife status? ›
Can I check the status of my claim? Yes, you can. Once we receive the documents, you can call our customer service team at 1-800-638-5000 for updates. If you're filing as an individual beneficiary, we can also send you status updates via email or text if you selected one of these options when completing the claim kit.
How do I contact Computershare? ›You can reach a representative at 1-800-564-6253. Alternatively, you may email resolution@computershare.com (be advised that internet email is not a secure method of communication).
Did MassMutual buys MetLife? ›SPRINGFIELD, Mass., July 5, 2016 – Massachusetts Mutual Life Insurance Company (MassMutual) announced today that its acquisition of MetLife's U.S. retail advisor force – the MetLife Premier Client Group (MPCG) – has been completed.
Is MetLife a good insurance company? ›MetLife is a reputable insurance company that has an A+ (Superior) rating from AM Best, one of the nation's leading insurance-rating organizations, as well as solid scores from S&P and Moody's. The good scores are a reflection of MetLife's financial strength and claims-paying ability.
How does MetLife make money? ›First, they generate income by making more in premiums than they pay out in claims. Second, insurers earn by investing the income before it is paid out for claims. MetLife also generates revenue through its retirement and income solutions business as a provider of annuities and employee benefits.
Is MetLife a VOYA? ›As a result, Voya will replace MetLife Resources (MetLife) as your State ORP service provider. The transfer of participant accounts from MetLife to Voya will happen automatically unless you opt to participate in the special enrollment opportunity offered by PEBA.
What bank does MetLife use? ›MetLife, Inc. (NYSE: MET) announced today that it has completed the sale of MetLife Bank, N.A.'s deposit business to GE Capital Retail Bank, FSB, a subsidiary of GE Capital. As a result, approximately $6.4billion in bank deposits have been transferred to GE Capital Retail Bank.
Where is MetLife headquarters? › Why was MetLife sold to Farmers? ›The deal provides the Farmers brand an opportunity to gain more of a national presence and strengthen its position a major personal lines carriers in the U.S. Jeff Dailey, chief executive officer for Farmers Group, called the deal a “milestone” in his company's nearly 100-year history.
Is MetLife now part of Farmers Insurance? ›We are pleased to announce that the MetLife Auto & Home business has been acquired by the Farmers Insurance Group. As a result, your current MetLife Auto & Home coverage is now issued by an insurer that is part of Farmers®.
Is MetLife same as Farmers Insurance? ›
However, in the interim, until rebranding has occurred and in an effort to be transparent to employees, a buck slip and/or updated disclaimer will be included on marketing materials to explain that MetLife Auto & Home is now a business owned by the Farmers Insurance Group®.
What is Computershare Brighthouse? ›Computershare Trust Company, N.A. (“Computershare”) is Brighthouse Financial's stock transfer agent and registrar.
How much is my Brighthouse Financial stock worth? ›...
$ 48.38.
| Close | Chg | Chg % |
|---|---|---|
| $48.56 | -0.56 | -1.14% |
Does Brighthouse Financial pay dividends? We do not currently pay dividends on our common stock.
Why did MetLife change name to Brighthouse? ›In 2017, MetLife, one of the biggest providers of life insurance in the United States, established Brighthouse Financial. The purpose of MetLife establishing Brighthouse Financial was so that the insurance provider could focus solely on selling life insurance, as well as annuities, to individuals.
How many times has MetLife stock split? ›MetLife (MET) has 1 split in our MetLife stock split history database.
How do I buy Brighthouse stock? ›...
How to buy shares in Brighthouse Financial
- Compare share trading platforms. ...
- Open your brokerage account. ...
- Confirm your payment details. ...
- Research the stock. ...
- Purchase now or later.
Yes, BrightHouse has officially gone into administration, which means all their stores have closed, and they will stop trading indefinitely. Customers won't be able to make any new purchases from the retailer, in-store or online.
Where did Brighthouse Financial stock come from? ›On August 4, 2017, Brighthouse Financial completed its separation from MetLife and began trading on the Nasdaq stock exchange on August 7, 2017, under the symbol "BHF." Upon completion of the separation, MetLife retained a 19.2% stake in the company.
Who owns Brighthouse life insurance? ›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.
How much does the CEO of MetLife make? ›
| Name And Title | Total Compensation |
|---|---|
| Michel Khalaf President and Chief Executive Officer | Total Compensation $14,164,009 View details |
| Steven J. Goulart Executive Vice Pres. and Chief Investment Officer | Total Compensation $6,478,205 View details |
- Compare share trading platforms. Use our comparison table to help you find a platform that fits you.
- Open your brokerage account. Complete an application with your details.
- Confirm your payment details. ...
- Research the stock. ...
- Purchase now or later. ...
- Check in on your investment.
How can I get a copy of my 1099 form? You can now view and print tax statements by logging in to your online account and selecting the option to view documents. You can also send a request to requests@metlife.com to request a copy of the 1099 form.
How do I sell a deceased person's stock? ›- A copy of the death certificate duly notarised.
- A copy of the Succession certificate duly notarised or an order of a court of competent jurisdiction where the deceased has not left a Will; or.
- A copy of the Probate or Letter of Administration duly notarised.
Answer: Your beneficiary should contact Computershare upon your death. He/she will be asked to complete a form: Basic Transfer Requirements – US Deceased. Once Computershare receives this completed form, the beneficiary will receive direction on transferring shares.
What is Metlife Computershare? ›Transfer Agent
(“Computershare”), provides a variety of shareholder services, including information about: The Brighthouse Financial Distribution. The Purchase and Sale Program. Account balances and statements.
The current sales order fee consists of a service fee of $15.00 per transaction and a processing fee of $0.12 per each whole share and fraction sold, which includes any applicable brokerage commissions Computershare is required to pay. The fees will be Page 6 deducted from the proceeds of the sale.
How do I cash in shares? ›you can sell shares by speaking to a broker or through a DIY investing platform. The cost of trading shares varies depending on the platform or broker you are using and whether you are selling your shares online, or in the case of paper certificates, on the phone or by post.
How much does it cost to transfer shares from Computershare? ›A fee of $69 (incl GST) is required in respect of security validation checks that are carried out in relation to off-market transfers. The fee is payable by the securityholder where the issuer's constitution expressly permits this (and is otherwise payable by the issuer).