Report reflects the company’s commitment to greater transparency related to environmental, social and governance topics  

Brighthouse Financial, Inc. (“Brighthouse Financial” or the “company”) (Nasdaq: BHF) announced today the release of its inaugural Corporate Sustainability Report, representing the latest step in the company’s ongoing sustainability journey. The 2021 report provides an update on Brighthouse Financial’s progress toward integrating a focused approach to environmental, social and governance (ESG) factors across the company.

The report includes data that is aligned with the Task Force on Climate-related Financial Disclosures and Sustainability Accounting Standards Board frameworks and highlights key Brighthouse Financial sustainability program accomplishments made throughout 2021. These accomplishments include the completion of the company’s first ESG materiality assessment; the launch of a public webpage featuring key ESG data points; the creation of an internal, cross-functional climate risk working group; and the incorporation of diversity, equity and inclusion performance factors into the company’s executive compensation program.

“Brighthouse Financial believes that sustainability is inherent in our mission to help people achieve financial security and that by strengthening our approach to integrating ESG factors across the company, we will be better positioned to deliver sustainable, long-term value for our shareholders and keep our promises to our customers,” said Eric Steigerwalt, president and CEO, Brighthouse Financial. “Our inaugural Corporate Sustainability Report is an important milestone for our company, and we remain committed to greater transparency as we enhance our ESG disclosures over time.”

To view the report, please visit the Brighthouse Financial Corporate Responsibility webpage at https://www.brighthousefinancial.com/about-us/corporate-responsibility.

Note Regarding Forward-Looking Statements

This news release and other oral or written statements that we make from time to time 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,” “guidance,” “forecast,” “preliminary,” “objective,” “continue,” “aim,” “plan,” “believe” and other words and terms of similar meaning, or that 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, financial projections, future performance or results of current and anticipated services or products, sales efforts, expenses, the outcome of contingencies such as legal proceedings, as well as trends in operating and financial results.

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 Financial. 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 Brighthouse Financial’s most recent Annual Report on Form 10-K and subsequent Quarterly Reports on Form 10-Q, particularly in the sections entitled “Risk Factors” and “Quantitative and Qualitative Disclosure About Market Risk,” as well as in Brighthouse Financial’s other subsequent filings with the U.S. Securities and Exchange Commission. Further, any forward-looking statement speaks only as of the date on which it is made, and Brighthouse Financial does not undertake any obligation to update or revise any forward-looking statement to reflect events or circumstances after the date on which the statement is made or to reflect the occurrence of unanticipated events, except as otherwise may be required by law.

About Brighthouse Financial, Inc.

Brighthouse Financial, Inc. (Brighthouse Financial) (Nasdaq: BHF) is on a mission to help people achieve financial security. As one of the largest providers of annuities and life insurance in the U.S.,¹ we specialize in products designed to help people protect what they’ve earned and ensure it lasts. Learn more at brighthousefinancial.com.

¹ Ranked by 2021 admitted assets. Best’s Review^®: Top 200 U.S. Life/Health Insurers. AM Best, 2022.

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