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Brighthouse Financial, Inc. – ‘10-Q’ for 6/30/22 – ‘EX-31.2’

On:  Friday, 8/5/22, at 4:17pm ET   ·   For:  6/30/22   ·   Accession #:  1685040-22-45   ·   File #:  1-37905

Previous ‘10-Q’:  ‘10-Q’ on 5/10/22 for 3/31/22   ·   Next:  ‘10-Q’ on 11/8/22 for 9/30/22   ·   Latest:  ‘10-Q’ on 11/8/23 for 9/30/23   ·   1 Reference:  To:  Brighthouse Financial, Inc. – ‘8-K’ on / for 4/19/22

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  As Of               Filer                 Filing    For·On·As Docs:Size

 8/05/22  Brighthouse Financial, Inc.       10-Q        6/30/22   92:20M

Quarterly Report   —   Form 10-Q

Filing Table of Contents

Document/Exhibit                   Description                      Pages   Size 

 1: 10-Q        Quarterly Report                                    HTML   5.33M 
 2: EX-31.1     Certification -- §302 - SOA'02                      HTML     30K 
 3: EX-31.2     Certification -- §302 - SOA'02                      HTML     30K 
 4: EX-32.1     Certification -- §906 - SOA'02                      HTML     27K 
 5: EX-32.2     Certification -- §906 - SOA'02                      HTML     27K 
11: R1          Document and Entity Information                     HTML     95K 
12: R2          Consolidated Balance Sheets (Unaudited)             HTML    156K 
13: R3          Consolidated Balance Sheets (Unaudited)             HTML     55K 
                (Parenthetical)                                                  
14: R4          Consolidated Statements of Operations and           HTML    134K 
                Comprehensive Income (Unaudited)                                 
15: R5          Consolidated Statements of Equity (Unaudited)       HTML     97K 
16: R6          Consolidated Statements of Cash Flows (Unaudited)   HTML     96K 
17: R7          Business, Basis of Presentation and Summary of      HTML     40K 
                Significant Accounting Policies                                  
18: R8          Segment Information                                 HTML    191K 
19: R9          Insurance                                           HTML     57K 
20: R10         Investments                                         HTML    480K 
21: R11         Derivatives                                         HTML    258K 
22: R12         Fair Value                                          HTML    472K 
23: R13         Long-term Debt                                      HTML     32K 
24: R14         Equity                                              HTML    214K 
25: R15         Other Revenues and Other Expenses                   HTML     52K 
26: R16         Earnings Per Common Share                           HTML     49K 
27: R17         Contingencies, Commitments and Guarantees           HTML     48K 
28: R18         Business, Basis of Presentation and Summary of      HTML     67K 
                Significant Accounting Policies (Policies)                       
29: R19         Segment Information (Tables)                        HTML    181K 
30: R20         Insurance (Tables)                                  HTML     56K 
31: R21         Investments (Tables)                                HTML    481K 
32: R22         Derivatives (Tables)                                HTML    383K 
33: R23         Fair Value (Tables)                                 HTML    456K 
34: R24         Equity (Tables)                                     HTML    219K 
35: R25         Other Revenues and Other Expenses (Tables)          HTML     50K 
36: R26         Earnings Per Common Share (Tables)                  HTML     47K 
37: R27         Business, Basis of Presentation and Summary of      HTML     28K 
                Significant Accounting Policies (Narrative)                      
                (Details)                                                        
38: R28         Segment Information (Operating Results) (Details)   HTML    109K 
39: R29         Segment Information (Reconciliation of Operating    HTML     46K 
                Revenues to Total Revenues) (Details)                            
40: R30         Segment Information (Assets) (Details)              HTML     43K 
41: R31         Segment Information (Narrative) (Details)           HTML     27K 
42: R32         Insurance (Guarantees Related to Annuity            HTML     41K 
                Contracts) (Details)                                             
43: R33         Insurance (Guarantees Related to Universal and      HTML     38K 
                Variable Life Contracts) (Details)                               
44: R34         Investments (Fixed Maturity Securities by Sector)   HTML     69K 
                (Details)                                                        
45: R35         Investments (Maturities of Fixed Maturity           HTML     59K 
                Securities) (Details)                                            
46: R36         Investments (Continuous Gross Unrealized Losses     HTML     73K 
                for Fixed Maturity Securities by Sector) (Details)               
47: R37         Investments (Mortgage Loans by Portfolio Segment)   HTML     55K 
                (Details)                                                        
48: R38         Investments (Rollforward of the Allowance for       HTML     47K 
                Credit Losses for Mortgage Loans by Portfolio                    
                Segment) (Details)                                               
49: R39         Investments (Credit Quality of Mortgage Loans by    HTML    109K 
                Portfolio Segment) (Details)                                     
50: R40         Investments (Past Due Mortgage Loans by Portfolio   HTML     67K 
                Segment) (Details)                                               
51: R41         Investments (Mortgage Loans in Nonaccrual Status    HTML     37K 
                by Portfolio Segment) (Details)                                  
52: R42         Investments (Net Unrealized Investment Gains        HTML     45K 
                (Losses)) (Details)                                              
53: R43         Investments (Changes in Net Unrealized Investment   HTML     38K 
                Gains (Losses)) (Details)                                        
54: R44         Investments (Securities Lending) (Details)          HTML     39K 
55: R45         Investments (Securities Lending Remaining Tenor)    HTML     58K 
                (Details)                                                        
56: R46         Investments (Invested Assets on Deposit, Held In    HTML     33K 
                Trust and Pledged as Collateral) (Details)                       
57: R47         Investments (Variable Interest Entities) (Details)  HTML     44K 
58: R48         Investments (Net Investment Income) (Details)       HTML     49K 
59: R49         Investments (Components of Net Investment Gains     HTML     37K 
                (Losses)) (Details)                                              
60: R50         Investments (Sales or Disposals of Fixed Maturity   HTML     35K 
                Securities) (Details)                                            
61: R51         Investments (Fixed Maturity Securities -            HTML     43K 
                Narrative) (Details)                                             
62: R52         Investments (Mortgage Loans - Narrative) (Details)  HTML     61K 
63: R53         Investments (Other Invested Assets - Narrative)     HTML     29K 
                (Details)                                                        
64: R54         Investments (Securities Lending - Narrative)        HTML     30K 
                (Details)                                                        
65: R55         Investments (Invested Assets on Deposit, Held in    HTML     35K 
                Trust and Pledged as Collateral - Narrative)                     
                (Details)                                                        
66: R56         Investments (Net Investment Income - Narrative)     HTML     31K 
                (Details)                                                        
67: R57         Investments (Components of Net Investment Gains     HTML     31K 
                (Losses) - Narrative) (Details)                                  
68: R58         Derivatives (Primary Risks Managed by Derivatives)  HTML     97K 
                (Details)                                                        
69: R59         Derivatives (Derivatives Pertaining to Hedged       HTML     86K 
                Items) (Details)                                                 
70: R60         Derivatives (Credit Derivatives) (Details)          HTML     46K 
71: R61         Derivatives (Estimated Fair Value of Derivatives    HTML     60K 
                Assets and Liabilities after Master Netting                      
                Agreements and Cash Collateral) (Details)                        
72: R62         Derivatives (Credit Risk on Freestanding            HTML     33K 
                Derivatives) (Details)                                           
73: R63         Derivatives (Derivatives - Narrative) (Details)     HTML     30K 
74: R64         Fair Value (Recurring Fair Value Measurements)      HTML    151K 
                (Details)                                                        
75: R65         Fair Value (Assets and Liabilities Measured -       HTML     51K 
                Quantitative Information) (Details)                              
76: R66         Fair Value (Unobservable Input Reconciliation)      HTML    136K 
                (Details)                                                        
77: R67         Fair Value (Financial Instruments Carried at Other  HTML     67K 
                Than Fair Value) (Details)                                       
78: R68         Long-term Debt (Details)                            HTML     37K 
79: R69         Equity (Preferred Stock Authorized, Issued and      HTML     50K 
                Outstanding) (Details)                                           
80: R70         Equity (Preferred Stock Dividends) (Details)        HTML     42K 
81: R71         Equity (Components of Accumulated Other             HTML     74K 
                Comprehensive Income (Loss)) (Details)                           
82: R72         Equity (Reclassifications Out of Accumulated Other  HTML     73K 
                Comprehensive Income (Loss)) (Details)                           
83: R73         Equity (Common Stock Repurchase Program -           HTML     36K 
                Narrative) (Details)                                             
84: R74         Other Revenues and Other Expenses (Other Expenses)  HTML     47K 
                (Details)                                                        
85: R75         Other Revenues and Other Expenses (Other Revenues   HTML     31K 
                - Narrative) (Details)                                           
86: R76         Earnings Per Common Share (Details)                 HTML     56K 
87: R77         Contingencies, Commitments and Guarantees           HTML     56K 
                (Contingencies, Commitments and Guarantees -                     
                Narrative) (Details)                                             
90: XML         IDEA XML File -- Filing Summary                      XML    179K 
88: XML         XBRL Instance -- bhf-20220630_htm                    XML   7.49M 
89: EXCEL       IDEA Workbook of Financial Reports                  XLSX    221K 
 7: EX-101.CAL  XBRL Calculations -- bhf-20220630_cal                XML    163K 
 8: EX-101.DEF  XBRL Definitions -- bhf-20220630_def                 XML    947K 
 9: EX-101.LAB  XBRL Labels -- bhf-20220630_lab                      XML   2.03M 
10: EX-101.PRE  XBRL Presentations -- bhf-20220630_pre               XML   1.32M 
 6: EX-101.SCH  XBRL Schema -- bhf-20220630                          XSD    185K 
91: JSON        XBRL Instance as JSON Data -- MetaLinks              499±   811K 
92: ZIP         XBRL Zipped Folder -- 0001685040-22-000045-xbrl      Zip    861K 


‘EX-31.2’   —   Certification — §302 – SOA’02


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Exhibit 31.2


CERTIFICATIONS
I, Edward A. Spehar, certify that:
1. I have reviewed this Quarterly Report on Form 10-Q of Brighthouse Financial, Inc.;
2. Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report;
3. Based on my knowledge, the financial statements, and other financial information included in this report, fairly present in all material respects the financial condition, results of operations and cash flows of the registrant as of, and for, the periods presented in this report;
4. The registrant’s other certifying officer(s) and I are responsible for establishing and maintaining disclosure controls and procedures (as defined in Exchange Act Rules 13a-15(e) and 15d-15(e)) and internal control over financial reporting (as defined in Exchange Act Rules 13a-15(f) and 15d-15(f)) for the registrant and have:
a)Designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under our supervision, to ensure that material information relating to the registrant, including its consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which this report is being prepared;
b)Designed such internal control over financial reporting, or caused such internal control over financial reporting to be designed under our supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles;
c)Evaluated the effectiveness of the registrant’s disclosure controls and procedures and presented in this report our conclusions about the effectiveness of the disclosure controls and procedures, as of the end of the period covered by this report based on such evaluation; and
d)Disclosed in this report any change in the registrant’s internal control over financial reporting that occurred during the registrant’s most recent fiscal quarter (the registrant’s fourth fiscal quarter in the case of an annual report) that has materially affected, or is reasonably likely to materially affect, the registrant’s internal control over financial reporting; and
5. The registrant’s other certifying officer(s) and I have disclosed, based on our most recent evaluation of internal control over financial reporting, to the registrant’s auditors and the audit committee of the registrant’s board of directors (or persons performing the equivalent functions):
a)All significant deficiencies and material weaknesses in the design or operation of internal control over financial reporting which are reasonably likely to adversely affect the registrant’s ability to record, process, summarize and report financial information; and
b)Any fraud, whether or not material, that involves management or other employees who have a significant role in the registrant’s internal control over financial reporting.
Date: August 5, 2022
/s/ Edward A. Spehar
Edward A. Spehar
Executive Vice President and Chief Financial Officer



Dates Referenced Herein

This ‘10-Q’ Filing    Date    Other Filings
Filed on:8/5/22None on these Dates
For Period end:6/30/22
 List all Filings 


1 Previous Filing that this Filing References

  As Of               Filer                 Filing    For·On·As Docs:Size             Issuer                      Filing Agent

 4/19/22  Brighthouse Financial, Inc.       8-K:1,2,9   4/19/22   12:1.6M
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Filing Submission 0001685040-22-000045   –   Alternative Formats (Word / Rich Text, HTML, Plain Text, et al.)

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