News & Events zu Brighthouse Financial, Inc. (BHF)BHFBrighthouse Financial, Inc.

Brighthouse Financial Shareholders Approve Merger with Aquarian Capital

Brighthouse Financial announced that at a special meeting of stockholders held earlier, its common stockholders voted to adopt the previously announced definitive merger agreement under which an affiliate of Aquarian Capital will acquire the company in an all-cash transaction valued at approximately $4.1B. Under the terms of the merger agreement, Brighthouse Financial's common stockholders will receive $70.00 in cash per share upon consummation of the transaction. The transaction is expected to close in 2026 and remains subject to customary closing conditions and regulatory approvals.

Brighthouse Financial announces Q3 EPS of $4.54, falling short of consensus estimate of $5.06

Reports Q3 revenue $1.82B vs. consensus $2.27B. "Brighthouse Financial delivered solid results in the quarter as we continued to execute our strategy," said Eric Steigerwalt, president and CEO, Brighthouse Financial. "In addition to producing strong sales, including achieving another record quarter for sales of our flagship Shield annuity products, we completed the separation of our legacy VA and first-generation Shield business, and ended the quarter with an estimated combined RBC ratio of 435% to 455%, at the upper end of our target range of 400% to 450% in normal market conditions. We believe the transaction with Aquarian Capital that we announced today will deliver clear and compelling value to our stockholders, while positioning Brighthouse Financial to continue pursuing growth opportunities and advancing our mission of helping people achieve financial security."