Earnings summaries and quarterly performance for Brighthouse Financial.
Executive leadership at Brighthouse Financial.
Eric Steigerwalt
Detailed
President and Chief Executive Officer
CEO
AL
Allie Lin
Detailed
Executive Vice President and General Counsel
ES
Ed Spehar
Detailed
Executive Vice President and Chief Financial Officer
JR
John Rosenthal
Detailed
Executive Vice President and Chief Investment Officer
ML
Myles Lambert
Detailed
Executive Vice President and Chief Marketing and Distribution Officer
Board of directors at Brighthouse Financial.
Research analysts who have asked questions during Brighthouse Financial earnings calls.
Ryan Krueger
KBW
4 questions for BHF
Also covers: AFL, AMP, ASGN +14 more
Suneet Kamath
Jefferies
4 questions for BHF
Also covers: AFL, AMP, CNO +12 more
WC
Wesley Carmichael
Autonomous Research
4 questions for BHF
Also covers: ACGL, AFL, CNO +16 more
Alex Scott
Barclays PLC
3 questions for BHF
Also covers: ACGL, AFL, AIG +29 more
JB
John Barnidge
Piper Sandler
3 questions for BHF
Also covers: AFL, AIZ, AMP +15 more
TG
Thomas Gallagher
Evercore
3 questions for BHF
Also covers: AFL, AMP, CNO +13 more
JB
Jamminder Bhullar
JPMorgan Chase & Co.
2 questions for BHF
Also covers: ACGL, AFL, ALL +13 more
NA
Nicholas Annitto
Wells Fargo & Company
2 questions for BHF
Also covers: AFL, EQH
Wilma Burdis
Raymond James Financial
2 questions for BHF
Also covers: AFL, ALTI, AMP +12 more
EG
Elyse Greenspan
Wells Fargo
1 question for BHF
Also covers: ACGL, AFL, AHL +30 more
JB
Jimmy Bhullar
JPMorgan Chase & Co.
1 question for BHF
Also covers: ACGL, AFL, ALL +10 more
PT
Peter Troisi
Barclays
1 question for BHF
Wilma Jackson Burdis
Raymond James
1 question for BHF
Also covers: AFL, ALTI, AMP +12 more
Recent press releases and 8-K filings for BHF.
Brighthouse Financial Sale to Aquarian Holdings VI L.P. Investigated by Class Action Firm
BHF
M&A
Legal Proceedings
Takeover Bid
- Monteverde & Associates PC is investigating the sale of Brighthouse Financial, Inc. (NASDAQ:BHF) to Aquarian Holdings VI L.P..
- Under the terms of the proposed transaction, Brighthouse shareholders are slated to receive $70.00 in cash per share of common stock.
- The investigation by the class action firm, announced on November 21, 2025, suggests potential concerns regarding the transaction for shareholders.
Nov 21, 2025, 10:30 PM
Brighthouse Financial to be Acquired by Aquarian Capital
BHF
M&A
Takeover Bid
Debt Issuance
- Aquarian Capital has entered into a definitive agreement to acquire Brighthouse Financial for approximately $4.1 billion, paying $70 per share in cash, which represents a 37% premium over Brighthouse's unaffected share price.
- The acquisition is expected to close in 2026, pending shareholder, regulatory, antitrust, and insurance approvals, and will take Brighthouse private while maintaining its operations as a standalone entity.
- Brighthouse Financial's preferred stock, junior subordinated debentures, and senior notes will remain outstanding with the same terms and dividends after the acquisition closes.
- The transaction is supported by committed financing and will not add incremental debt to either Aquarian's insurance businesses or Brighthouse.
- Brighthouse Financial reported a preliminary Q3 capital snapshot with $5.4 billion total adjusted capital, a combined risk-based capital (RBC) ratio of 435%–455%, and $1.0 billion in holding-company liquid assets.
Nov 7, 2025, 1:15 AM
Brighthouse Financial Announces Q3 2025 Results and Merger Agreement
BHF
M&A
Earnings
- Brighthouse Financial announced a definitive merger agreement for its acquisition by an affiliate of Aquarian Capital LLC for $70.00 per share in an all-cash transaction valued at approximately $4.1 billion.
- For the third quarter ended September 30, 2025, the company reported net income available to shareholders of $453 million, or $7.89 per diluted share, and adjusted earnings, less notable items, of $261 million, or $4.54 per diluted share.
- The estimated combined risk-based capital (RBC) ratio for Q3 2025 was between 435% and 455%.
- Annuity sales reached $2.7 billion, increasing 8% quarter-over-quarter and 5% sequentially, while life sales were $38 million, up 27% quarter-over-quarter and 15% sequentially.
Nov 7, 2025, 12:17 AM
Brighthouse Financial Announces Q3 2025 Results and Merger Agreement
BHF
M&A
Earnings
- Brighthouse Financial announced a definitive merger agreement to be acquired by an affiliate of Aquarian Capital LLC for $70.00 per share in an all-cash transaction valued at approximately $4.1 billion.
- For the third quarter of 2025, the company reported net income available to shareholders of $453 million, or $7.89 per diluted share, and adjusted earnings of $970 million, or $16.87 per diluted share. These results reflect a significant increase compared to the third quarter of 2024.
- The company maintained a strong capital position with an estimated combined risk-based capital (RBC) ratio between 435% and 455% and holding company liquid assets of $1.0 billion as of September 30, 2025. Annuity sales reached $2.7 billion, primarily driven by record sales of Shield Level Annuities, and life sales were $38 million.
Nov 7, 2025, 12:16 AM
Brighthouse Financial, Inc. Reports Q3 2025 Financial Results
BHF
Earnings
- Brighthouse Financial, Inc. reported adjusted earnings, less notable items, of $261 million for Q3 2025.
- Total adjusted revenues for Q3 2025 were $2,171 million, with total adjusted expenses at $932 million.
- The Annuities segment recorded adjusted earnings of $304 million for Q3 2025, and its Variable and Shield Level Annuities Account Value reached $130,470 million at the end of the period.
- The Life segment reported adjusted earnings of $40 million and total life sales of $38 million for Q3 2025.
Nov 6, 2025, 9:00 PM
Brighthouse Financial to be Acquired by Aquarian Capital
BHF
M&A
Takeover Bid
- Brighthouse Financial (BHF) has entered into a definitive merger agreement to be acquired by Aquarian Capital for $70.00 per common share in cash.
- The all-cash transaction is valued at approximately $4.1 billion and represents a 37.0% premium to BHF's unaffected share price on January 27, 2025.
- The acquisition is expected to close in 2026, pending customary closing conditions, including stockholder and regulatory approvals.
- Brighthouse Financial will continue to operate as a standalone entity within Aquarian Capital's portfolio, maintaining its current CEO, headquarters, name, and brand.
- Due to the merger announcement, Brighthouse Financial canceled its Q3 2025 earnings conference call but reported preliminary Q3 2025 metrics, including $5.4 billion in statutory combined total adjusted capital and an estimated combined risk-based capital ratio between 435% and 455%.
Nov 6, 2025, 1:00 PM
Brighthouse Financial: Greenlight Capital Urges Board to Accept Takeover Bid
BHF
M&A
Takeover Bid
Proxy Vote Outcomes
- Greenlight Capital, holding approximately 4.9% of Brighthouse Financial (BHF) shares, sent a letter to the Board of Directors urging them to accept a reported offer from Aquarian Holdings to take the company private.
- The rumored bid is for approximately $70 per share in cash, representing a 55% premium to the closing price on September 18.
- Greenlight believes this sale is in the best interests of all shareholders, citing Brighthouse's consistent underperformance and lack of public market confidence since its 2017 spin-out.
- Greenlight stated it would hold the Board accountable, potentially by seeking to replace the entire Board at the next annual meeting, if they do not act in shareholders' best interests.
Sep 22, 2025, 3:24 PM
Brighthouse Financial in Acquisition Talks with Aquarian Holdings
BHF
M&A
Takeover Bid
- Investment firm Aquarian Holdings is in advanced talks to acquire Brighthouse Financial, with a potential offer price between $65 and $70 per share.
- Following news of the potential acquisition, Brighthouse's shares surged as much as 30.8% at one point and closed up 21.6%.
- Brighthouse Financial, spun out of MetLife in 2017, has a market capitalization of approximately $3.32 billion and primarily generates revenue from its Annuities segment.
- The company has shown solid financial performance, including a 3-year revenue growth of 18.7% and a net margin of 10.8%, with valuation metrics like a P/E ratio of 6.29 and a P/B ratio of 0.59 suggesting potential undervaluation.
- Analyst sentiment is mixed, with a median price target of $51, which is below the potential acquisition offer.
Sep 19, 2025, 4:02 PM
Brighthouse Financial Rejects Mini-Tender Offer
BHF
Takeover Bid
- Brighthouse Financial received an unsolicited mini-tender offer from Potemkin Limited to purchase up to 100,000 shares at $36.00 per share, which is approximately a 41.12% discount to its closing price of $61.14 on May 19, 2025.
- The company explicitly recommends that shareholders do not tender their shares in response to the offer, emphasizing that the offer is significantly below current market value.
- The mini-tender offer is scheduled to expire at 5:00 p.m. EDT on September 16, 2025, unless it is extended or revoked.
May 20, 2025, 12:00 AM
Brighthouse Financial Q1 2025 Earnings Results
BHF
Earnings
Share Buyback
- Capital and Liquidity: Estimated combined RBC ratio ranged between 420%-440% with $1.0 billion in holding company liquid assets and a statutory combined total adjusted capital of $5.5 billion.
- Earnings Performance: Adjusted earnings, less notable items, came in at $245 million, about $15 million below quarterly expectations, with normalized statutory earnings of $0.3 billion.
- Share Repurchases: The company repurchased $59 million of common stock in Q1 2025 and an additional $26 million through May 6, 2025.
- Segment Highlights: Annuity sales decreased 21% year-over-year, while life insurance sales increased 24% compared to Q1 2024.
May 9, 2025, 12:00 PM
Quarterly earnings call transcripts for Brighthouse Financial.
Ask Fintool AI Agent
Get instant answers from SEC filings, earnings calls & more