MergerAug 5, 2026, 04:31 PM
Brighthouse Financial Merger Progresses; Q2 Adj. EPS $4.45
AI Summary
Brighthouse Financial, Inc. announced its second quarter 2026 financial results, alongside an update on its pending merger with Aquarian Capital. The merger, valued at approximately $4.1 billion at $70.00 per share, is awaiting regulatory approvals and is expected to close in 2026. For Q2 2026, the company reported strong financial performance with net income of $956 million and adjusted earnings of $258 million, or $4.45 per diluted share. The estimated combined RBC ratio remained robust at 430%-450%, and annuity sales saw a sequential increase driven by record Shield Level Annuities sales.
Key Highlights
- Pending merger with Aquarian Capital for $70.00 per share, valued at approximately $4.1 billion, is progressing.
- Merger completion is subject to insurance regulatory approvals in Delaware, New York, and Massachusetts.
- Net income available to shareholders was $956 million, or $16.53 per diluted share, in Q2 2026.
- Adjusted earnings reached $258 million, or $4.45 per diluted share, for the second quarter.
- Estimated combined risk-based capital (RBC) ratio was between 430% and 450%, at the upper end of the target range.
- Annuity sales totaled $2.4 billion, driven by record $2.1 billion in Shield Level Annuities sales.
- Life sales increased to $39 million, up 18% quarter-over-quarter.
- Book value per common share, excluding AOCI, was $156.10.
Price Impact
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