BHF
Brighthouse Financial, Inc.65.28
-0.07-0.11%
Dec 16, 4:00:01 PM EST
Earnings Call Transcripts
This Quarter (Q1 '26)
No earnings call transcript available yet
Last Quarter (Q4 '25)
No earnings call transcript available
Key Stats
Market Cap
3.73BP/E (TTM)
4.58Basic EPS (TTM)
14.24Dividend Yield
0%Recent Filings
10-K
FY2025 results
Brighthouse Financial's FY2025 10-K reveals a pending merger with Aquarian Holdings at $70/share cash, overshadowing financials amid regulatory approvals. Annuities drove $8.7B deposits (up 5% y/y), with Shield sales at $8.0B (up 4% y/y), while AUM grew 2% to $206B. Adjusted earnings hit $1.6B (up 23% y/y), fueled by Run-off gains from reinsurance arbitration and actuarial updates, yet Q4 momentum cooled with equity gains offset by ULSG hedging losses. Liquidity stayed robust at $4.3B short-term, but ratings sit on watch. Merger uncertainty risks business ties.
8-K
Q4 results, merger approved
Brighthouse Financial posted Q4 net income of $112 million but adjusted earnings of $227 million excluding notables, with full-year 2025 annuity sales hitting $10.3 billion and record life sales of $143 million. Strong 456% RBC ratio cushions volatility. Stockholders approved Aquarian Capital merger at $70/share; close awaits regulators.
8-K
Stockholders approve $4.1B merger
Brighthouse Financial stockholders overwhelmingly approved the merger with Aquarian Capital affiliate on February 12, 2026, with 99.7% of shares present voting for the $70.00 per share all-cash deal valued at $4.1 billion. Stockholders also backed executive compensation and adjournment if needed—but it wasn't. Merger awaits regulatory nods; closure eyed for 2026.
8-K
Merger at $70/share announced
Brighthouse Financial entered a definitive merger agreement on November 6, 2025, with an Aquarian Capital affiliate for $70.00 per share in cash, valuing the deal at $4.1 billion. Q3 net income hit $453 million amid record Shield Level Annuity sales of $2.7 billion total annuities; RBC ratio strengthened to 435%-455%. Deal needs regulatory nods. Regulatory approval pending.
10-Q
Q3 FY2025 results
Brighthouse Financial swung to a Q3 profit of $453M net income available to common shareholders ($7.89 diluted EPS), up from $150M a year ago, while adjusted earnings climbed 26% to $970M on stronger Run-off results and higher net investment spread. Total revenues dipped to $1.8B from $2.0B on derivative volatility, yet net investment income rose 4% y/y to $1.3B amid higher yields. Cash swelled to $6.6B with $262M YTD operating cash flow; long-term debt steady at $3.2B. Announced merger with Aquarian Holdings at $70/share on Nov 6. Litigation risk lingers from cost-of-insurance class actions.
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