M&A
confidence high
sentiment positive
materiality 1.00
Brighthouse Financial to be acquired by Aquarian Capital for $70/share ($4.1B); reports Q3 earnings
Brighthouse Financial, Inc.
- Aquarian Capital affiliate to acquire BHF for $70.00 per share in all-cash deal valued at ~$4.1B.
- Q3 net income $453M ($7.89 diluted EPS) vs $150M ($2.47) a year ago; includes $316M favorable actuarial review.
- Adjusted earnings less notable items $261M ($4.54 diluted EPS) in Q3 2025.
- Annuity sales $2.7B driven by record Shield Level Annuities; life sales $38M.
- Estimated RBC ratio 435-455%; holding company liquid assets $1.0B.