Brighthouse Financial Inc., the Charlotte-based company being spun off from MetLife Inc. next month, reported an increase in annuity sales in the second quarter but a decline in life insurance sales, according to a filing with the Securities and Exchange Commission.

Total annuity deposits as of June 30 were $995 million, a 7 percent increase from the first quarter of the year.

The increase was driven by strong sales of Brighthouse Shield Level Selector Annuity, which had sales in the second quarter of $570 million, bringing 2017 year-to-date sales to over $1 billion.

Life insurance sales were $11 million in the second quarter, compared to $17 million in the three-month period ended March 31.

Brighthouse said its strategy is moving away from products such as participating whole life. It plans to revamp this business over the coming years.

Brighthouse Financial will separate from New York-based MetLife on Aug. 4.

MetLife shareholders will receive one share of Brighthouse Financial common stock for every 11 shares of MetLife common stock they own as July 19.

Brighthouse Financial has approximately 2.8 million insurance policies and annuity contracts in force and $240 billion in assets.