Brighthouse Financial, Inc.

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.

Brighthouse Financial, Inc. held its 2026 Annual Meeting of Stockholders on June 2, 2026. Stockholders approved all three proposals presented at the meeting. This included the election of nine director nominees, the ratification of Deloitte & Touche LLP as the independent registered public accounting firm for fiscal year 2026, and an advisory resolution approving the compensation of the company's named executive officers.

Brighthouse Financial, Inc. announced a merger agreement with Aquarian Holdings VI L.P., under which Brighthouse Financial will become a wholly-owned subsidiary of Aquarian Parent, and shareholders will receive $70.00 per share in cash. Concurrently, the company reported its Q1 2026 financial results, showing a widened net loss attributable to common shareholders of $(792) million, compared to $(294) million in Q1 2025. Total revenues also decreased significantly, while total adjusted earnings saw a slight increase.

Brighthouse Financial reported a net loss available to shareholders of $792 million, or $13.82 per diluted share, for the first quarter of 2026, a wider loss compared to the prior year. However, adjusted earnings, less notable items, increased to $251 million, or $4.35 per diluted share. The company maintained a strong estimated combined risk-based capital ratio between 430% and 450%. Annuity sales decreased to $2.2 billion, and life sales fell to $32 million. The company also confirmed that stockholders adopted the definitive merger agreement with Aquarian Capital, valued at approximately $4.1 billion, which is expected to close in 2026.