---
schema_version: "secwatch.filing_event.v1"
accession: "0001685040-25-000069"
form_type: "8-K"
ticker: "BHF"
cik: "0001685040"
company_name: "Brighthouse Financial, Inc."
filed_at: "2025-11-07T23:59:59+00:00"
generated_at: "2026-05-16T23:05:32.844617+00:00"
event_type: "m_and_a"
sentiment: "positive"
materiality_score: 1.0
calibrated_materiality_score: 1.0
confidence: "high"
source: SEC EDGAR
---

# Brighthouse Financial to be acquired by Aquarian Capital for $70/share ($4.1B); reports Q3 earnings

## Summary
- 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.

## SEC filing metadata
- accession: 0001685040-25-000069
- form_type: 8-K
- ticker: BHF
- cik: 0001685040
- company_name: Brighthouse Financial, Inc.
- filed_at: 2025-11-07T23:59:59+00:00
- event_type: m_and_a
- sentiment: positive
- materiality_score: 1.0
- calibrated_materiality_score: 1.0
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1685040/000168504025000069/0001685040-25-000069-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1685040/000168504025000069/bhf-20251106.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001685040-25-000069
- JSON: https://secwatch.observer/filing/0001685040-25-000069.json
- Plain text: https://secwatch.observer/filing/0001685040-25-000069.txt

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