BHF
Brighthouse Financial, Inc.65.28
-0.07-0.11%
Dec 16, 4:00:01 PM EST
Earnings Call Transcripts
This Quarter (Q4 '25)
No earnings call transcript available yet
Last Quarter (Q3 '25)
No earnings call transcript available
Key Stats
Market Cap
3.73BP/E (TTM)
4.58Basic EPS (TTM)
14.24Dividend Yield
0%Recent Filings
8-K
Brighthouse merger with Aquarian announced
Brighthouse Financial signed a definitive merger agreement on November 6, 2025, to be acquired by Aquarian Holdings in an all-cash deal, positioning the insurer for growth through Aquarian's asset management expertise while operating standalone post-close in 2026. Eric Steigerwalt stays as CEO, headquarters remain in Charlotte, and the brand persists. The merger awaits stockholder and regulatory nods. Risks loom from potential disruptions to operations.
8-K
Brighthouse merger at $70/share
Brighthouse Financial agreed to a $4.1 billion all-cash merger with Aquarian Holdings on November 6, 2025, offering shareholders $70 per share—a 37.7% premium to the 90-day VWAP. The deal, backed by committed financing, preserves preferred stock and debt obligations while enabling strategic growth in annuities and life insurance through Aquarian's investments. Closing hinges on stockholder approval and regulatory nods from HSR, FINRA, and state insurers. Yet regulatory delays could push the outside date to December 2026.
8-K
Brighthouse appoints COO, CAO
Brighthouse Financial appointed Myles J. Lambert as Executive Vice President and COO effective August 30, 2025, expanding his prior distribution and marketing role to oversee operations while retaining annuity and life insurance leadership. Melissa Pavlovich joined as Chief Accounting Officer on the same date, succeeding interim CAO Richard Cook—who shifts to Deputy CAO—and continuing to head the Tax department. Lambert's package features a $700,000 base, 140% STI target, 305% LTI target, and a $1 million special cash award vesting July 1, 2027, if employed or involuntarily terminated without cause. These moves signal internal strengthening amid insurance sector pressures.
10-Q
Q2 FY2025 results
Brighthouse Financial swung to a $60 million net profit in Q2 2025 from a $9 million gain last year, buoyed by favorable variable annuity guarantee adjustments amid rising equity markets and interest rates. Adjusted earnings dipped to $198 million from $346 million, reflecting higher policyholder claims in Life and Run-off segments and softer net investment spreads, though offset by stronger real estate returns and income annuity margins. Cash from operations turned positive at $145 million year-to-date, with $5.5 billion in cash equivalents bolstering liquidity against $3.2 billion in long-term debt. Yet, litigation risks loom large.
8-K
Q2 earnings down, sales up
Brighthouse Financial reported Q2 2025 net income of $60 million, or $1.02 per share, while adjusted earnings hit $198 million, or $3.43 per share—down from last year's $346 million amid lower investment income. Annuity sales climbed to $2.6 billion, fueled by fixed products, yet total first-half sales dipped 8% year-over-year. Solid RBC ratio of 405%-425% signals capital strength. Volatility persists in net income due to hedging mismatches.
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