Brighthouse Financial, Inc. (NASDAQ:BHF) Q4 2022 Earnings Call Transcript

Ed Spehar: Yes, Alex. I mean I don’t think there’s any material change in how we project, but we’re doing it with — we’re doing more in-house work with a new projection model. And so it remains to be seen what the impact will be. But whatever the number is, I’m going to have more confidence in the numbers because of the position we’re in now from an actuarial system and projection standpoint. And just to — I think there were some questions on this last night. So just to get it out there. The impact of the systems conversion to VA and the assumption updates was, as I said in my prepared remarks, less than $200 million the pieces would be the assumption update component of that was essentially zero. So you can think about the systems conversion being really what drove the number.

Operator: And I have no further questions in queue. I will turn the call to Dana Amante for final thoughts.

Dana Amante: Thank you, Carmen, and thank you all for joining us today and for your interest in Brighthouse Financial. Have a great day.

Operator: And thank you, ladies and gentlemen, that concludes today’s call. Thank you for participating, and you may now disconnect.