Spin-off Background Brighthouse Financial (BHF), a 2017 spin-off of Metlife, is a top twelve life US insurance and annuity company. As of December 31, 2017, BHF had $224.2BN of total assets. Source: Brighthouse Financial Slide Deck What is the bull case? The bull case in a nutshell is as follows. BHF trades at [...]