| Metric | Value ($ M) | Q2 FY25 | Q3 FY24 |
|---|---|---|---|
| Revenue | 1.8K | 108.5% | 10.0% |
| Total Income | 1.8K | 108.5% | 10.0% |
| Expenditure | 1.2K | 58.5% | 32.7% |
| PBT | 585.00 | 529.0% | 211.2% |
| Net Profit | 479.00 | 463.5% | 172.2% |
| OPM | — | ||
| NPM | 26.38% | 16.62pp | 17.66pp |
| EPS | 7.93 | 669.9% | 218.5% |
Brighthouse Financial Cancels Q3 2025 Call; Provides Preliminary Results
04 May 2026 · 4 May, 7:42 am
Summary
Brighthouse Financial announced it has entered into a definitive merger agreement to be acquired by Aquarian Capital for $70.00 per share in cash, a deal valued at approximately $4.1 billion. As a result of the merger announcement, the company canceled its conference call to discuss Q3 2025 financial results. Preliminary performance metrics include a statutory combined total adjusted capital of $5.4 billion, an estimated combined risk-based capital ratio between 435% and 455%, and holding company liquid assets of $1.0 billion.
Key Highlights
- 1
Brighthouse Financial entered into a definitive merger agreement under which Aquarian Capital will acquire the company for $70.00 per common share in cash.
- 2
The merger transaction is valued at approximately $4.1 billion.
- 3
Preliminary statutory combined total adjusted capital is reported at $5.4 billion as of September 30, 2025.
- 4
The estimated combined risk-based capital ratio is between 435% and 455%.
- 5
Holding company liquid assets are reported at $1.0 billion.
Management Comments
Rudy Sahay
The acquisition of Brighthouse Financial aligns perfectly with our strategic focus on the United States retirement market, which represents a significant and growing opportunity. Brighthouse Financial has built a strong foundation, and we are excited to support the Company in its next phase of growth. We plan to preserve Brighthouse Financial’s disciplined and thoughtful approach to distribution, products and services while accelerating its strategy through continued investment and customer focus.
Eric Steigerwalt
This transformative transaction marks an exciting new chapter for Brighthouse Financial and is the culmination of a process initiated by our Board of Directors earlier this year. As one of the largest providers of annuities and life insurance in the United States, we’re thrilled to partner with Aquarian Capital to continue to deliver on our mission of helping people achieve financial security through our best-in-class distribution franchise, as well as our innovative suite of Shield annuity products, and our work with BlackRock on LifePath Paycheck. In addition, we believe this transaction will deliver clear and compelling value to our stockholders. We look forward to embarking on this next phase of our journey together with Rudy and Aquarian Capital.
Informational and educational content only. Not investment advice.