MetLife Sells Remaining Stake In Brighthouse

August 8, 2018 by Cyril Tuohy

MetLife has disposed of its remaining stake in Brighthouse Financial for a loss of $212 million in connection with the sale, the company said.

Brighthouse was spun off as a separate company last year as part of MetLife’s long-term strategy to become a leaner, less complex insurer focused on segments with a higher potential for growth — such as employee benefits.

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Originally Posted at InsuranceNewsNet on August 2, 2018 by Cyril Tuohy.