74/ 100
Capital adequacy — cross-regime normalized
Strong
Reported under US RBC — normalized to a common 0–100 band so US, Canadian and European insurers compare like-for-like. Open methodology; see sourcing below.
Capital & Solvency
| Capital adequacy (normalized) | Strong (74/100) |
| RBC ratio | 420% |
| Statutory surplus | $4.5B |
| Total adjusted capital | $6.1B |
| Prism ratio (avail/target) | 3.16x |
| Regulatory action level | none |
Curated from public statutory filings (point-in-time). Live refresh pending.
Financial Strength Ratings
| AM BEST | A | Negative |
| SP | BB+ | Stable |
| MOODYS | Ba1 | Stable |
| FITCH | BBB- | Stable |
| Composite | A | 58/100 |
Curated public rating actions, late-2024/2025.
Reinsurance & capital structurehow reserve risk is financed
Brighthouse Financial discloses 1 affiliated reinsurance captive (Delaware); it also cedes externally to BRCD (Brighthouse Reinsurance Co. of Delaware), Genworth Life Ins. Co. / Genworth Life Ins. Co. of NY, Athene Annuity & Life. Its capital adequacy is Strong (74/100, RBC 420%). Affiliated captives are a common reserve-financing tool (e.g. XXX/AXXX term- and universal-life reserves); read capital strength alongside how much reserve risk is financed through these vehicles.
Affiliated reinsurance captives
1
Delaware · 1
Cedes externally to
BRCD (Brighthouse Reinsurance Co. of Delaware)Genworth Life Ins. Co. / Genworth Life Ins. Co. of NYAthene Annuity & LifeMetropolitan Tower LifeMunich American Reassurance CompanyRGA Reinsurance Company
Affiliated captives from the Exhibit 21 entity list; external cedants from the firm's counterparty map; capital from public statutory/regulatory filings. Indicative.