---
schema_version: "secwatch.filing_event.v1"
accession: "0001685040-25-000065"
form_type: "8-K"
ticker: "BHF"
cik: "0001685040"
company_name: "Brighthouse Financial, Inc."
filed_at: "2025-11-06T23:59:59+00:00"
generated_at: "2026-05-16T23:47:26.795633+00:00"
event_type: "m_and_a"
sentiment: "positive"
materiality_score: 1.0
calibrated_materiality_score: 1.0
confidence: "high"
source: SEC EDGAR
---

# Aquarian Capital to acquire Brighthouse Financial for $70/sh in $4.1B all-cash deal

## Summary
- Aquarian Capital to acquire Brighthouse Financial for $70.00 per share in cash; transaction valued at ~$4.1B.
- CEO Eric Steigerwalt will continue leading Brighthouse Financial as a standalone entity within Aquarian portfolio.
- Closing expected in 2026, subject to stockholder approval, antitrust clearance, and insurance regulatory approvals.
- Preliminary Q3 2025 metrics: statutory total adjusted capital $5.4B, RBC ratio 435%-455%, holding company liquid assets $1.0B.
- Brighthouse cancels scheduled Q3 2025 earnings call; earnings release still expected after market on Nov. 6.

## SEC filing metadata
- accession: 0001685040-25-000065
- form_type: 8-K
- ticker: BHF
- cik: 0001685040
- company_name: Brighthouse Financial, Inc.
- filed_at: 2025-11-06T23:59:59+00:00
- event_type: m_and_a
- sentiment: positive
- materiality_score: 1.0
- calibrated_materiality_score: 1.0
- confidence: high
- sec_items: 1.01, 2.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1685040/000168504025000065/0001685040-25-000065-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1685040/000168504025000065/bhf-20251106.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001685040-25-000065
- JSON: https://secwatch.observer/filing/0001685040-25-000065.json
- Plain text: https://secwatch.observer/filing/0001685040-25-000065.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.