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Eric T. Steigerwalt is the CEO of Brighthouse Financial, Inc., a company focused on helping people achieve financial security. He’s been in charge since August 2016, following a solid career at MetLife that began in 1998. Eric has a Bachelor's...

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Eric T. Steigerwalt

CEO of Brighthouse Financial

Education

Bachelor's degree in Economics from Drew University

Field of Expertise

Finance & Banking - Finance

Sector of Economy

Financial Services

Born

March 15, 1962 - 63 years ago

CEO of Brighthouse Financial for

8 years 8 months (Aug 2016 - Present)

Previous Experience

Senior Vice President at MetLife

Holdings

See how much did Eric T. Steigerwalt make over time.

Eric T. Steigerwalt has been a significant stakeholder in Brighthouse Financial since he took on the CEO role in August 2016. His financial investments have varied as he focused on aligning his wealth with that of the company. By 2022,...

Insider Trading

See recent insider trades of Eric T. Steigerwalt.

No insider trades found for this CEO.

Compensation History

See how much did Eric T. Steigerwalt make over time.

In 2022, Eric T. Steigerwalt's compensation totaled about $9 million, which includes a base salary of $1 million, a short-term incentive of $2.46 million based on company performance, and long-term incentives geared toward further company growth. His pay structure illustrates a strong emphasis on performance, tying his earnings directly to Brighthouse's success in managing expenses and achieving growth targets. The pay-for-performance model he follows helps align his interests with those of shareholders. Eric's compensation approach is crafted to motivate not just himself but also his executive team, ensuring that everyone is focused on creating long-term value for stockholders. His commitment to performance metrics speaks to his strategy of maintaining a competitive edge in the financial industry.

Year

2022

Total Compensation

$7.04M

Salary

$985.58K

Board Justification

The compensation philosophy is rooted in a pay-for-performance approach, aligning executive compensation with the achievement of strategic goals and long-term value creation for stockholders.

Bonus

$0.00

Board Justification

No bonus was awarded for 2022.

Other

$304.66K

Board Justification

Includes Company contributions to the Brighthouse Savings Plan and Auxiliary Plan, as well as other compensation such as wellness gifts and corporate credit card fees.

Restricted Stock

$5.75M(119.55K RSU and PSU)

Board Justification

The number of shares acquired upon vesting of RSUs and PSUs during 2022.

Performance Metrics

Performance metrics include expense management, sales growth, and normalized statutory earnings.