Brighthouse Financial, Inc. 8K

Brighthouse Financial announced strong second quarter 2026 earnings and capital metrics, driven by record Shield Level Annuities sales, and reiterated progress toward its pending $70-per-share all-cash acquisition by an affiliate of Aquarian Capital, which awaits remaining insurance regulatory approvals and is expected to close in 2026.

Brighthouse Financial, Inc. reported its second quarter 2026 results, highlighting a sharp increase in net income available to shareholders to $956 million ($16.53 per diluted share) versus $60 million a year earlier, and adjusted earnings of $258 million ($4.45 per diluted share) versus $198 million in the prior-year quarter. The company’s annuity sales were $2.4 billion, primarily driven by record Shield Level Annuities sales exceeding $2.1 billion, while life insurance sales rose to $39 million, led by SmartCare. Brighthouse ended the quarter with book value of $4.9 billion ($84.35 per share) and book value excluding AOCI of $9.0 billion ($156.10 per share); statutory combined total adjusted capital was $4.9 billion, with an estimated combined RBC ratio between 430% and 450% and holding company liquid assets of $0.9 billion. Segment results showed strong adjusted earnings from Annuities and reduced losses in Life and Run-off, alongside modest corporate losses, and net investment income and adjusted net investment income of $1.241 billion and $1.239 billion, respectively. The release also provided an update on the pending all-cash merger with an affiliate of Aquarian Capital LLC at $70.00 per share (approximately $4.1 billion value), noting that all conditions other than certain remaining insurance regulatory approvals have been satisfied or waived, with the merger expected to close in 2026 and the outside closing date automatically extendable from September 6, 2026 to December 6, 2026 if those approvals are not received by the initial date.

Filing Facts

CIK

1685040

Ticker

-

Form

8K

Source Type

sec

Accession

0001685040-26-000026

Alert Tier

8