Nov 5, 5:05 PM ET
Brighthouse Financial reported third quarter 2026 net income available to shareholders of $302 million, or $5.21 per diluted share, down from $453 million, or $7.89 per share, a year earlier. Adjusted earnings fell to $527 million, or $9.12 per share, from $970 million, or $16.87 per share, though the company said its annual actuarial review added $314 million of net favorable notable items. The company also said regulatory approvals for the pending $70.00 per share Aquarian Capital acquisition are not expected before the December 6, 2026 Outside Date, and the parties are discussing an extension.
- Net income available to shareholders was $302 million, or $5.21 per diluted share, versus $453 million, or $7.89 per share, in the third quarter of 2025.
- Adjusted earnings, less notable items, were $213 million, or $3.68 per diluted share, versus $261 million, or $4.54 per share, a year earlier.
- Annuity sales were $2.4 billion, including $2.1 billion of Shield Level Annuities, with annuity sales down 12% quarter-over-quarter.
- The merger agreement's Outside Date is December 6, 2026; the company and Aquarian Capital are discussing an extension, with no assurance of agreement.
Read the filing on SEC.gov ↗
Aug 18, 4:22 PM ET
Brighthouse Financial appointed Deputy Chief Accounting Officer Richard A. Cook as Chief Accounting Officer, succeeding Melissa B. Pavlovich, who is leaving the company for a new opportunity. The filing says her departure is not related to financial statements, disclosures, or accounting principles and practices.
- Richard A. Cook becomes Chief Accounting Officer effective September 3, 2026, succeeding Melissa B. Pavlovich.
- Pavlovich informed the company on August 12, 2026 of her resignation; her last day is September 2, 2026.
- Cook's offer letter sets an annual base salary of $425,000, a target short-term incentive of 60% of base salary, and an LTI target valued at $219,500.
Read the filing on SEC.gov ↗
Aug 5, 4:21 PM ET
Brighthouse Financial reported second quarter 2026 results for the period ended June 30, 2026, with net income available to shareholders of $956 million, or $16.53 per diluted share, up from $60 million, or $1.02 per diluted share, a year earlier. Adjusted earnings were $258 million, or $4.45 per diluted share, compared with $198 million, or $3.43 per diluted share, in the second quarter of 2025, and the company said there were no notable items in the quarter. The pending all-cash acquisition by an affiliate of Aquarian Capital at $70.00 per share remains subject to insurance regulatory approvals in Delaware, New York and Massachusetts.
- Net income available to shareholders was $956 million ($16.53 per diluted share), versus $60 million ($1.02 per diluted share) in Q2 2025.
- Adjusted earnings were $258 million ($4.45 per diluted share), versus $198 million ($3.43 per diluted share) in Q2 2025.
- Annuity sales were $2.4 billion, including $2.1 billion of Shield Level Annuities; life sales were $39 million.
- Book value was $4.9 billion ($84.35 per share); the estimated combined RBC ratio was between 430% and 450%.
Read the filing on SEC.gov ↗
May 6, 4:23 PM ET
Brighthouse Financial reported a first-quarter 2026 net loss available to shareholders of $792 million, or $13.82 per diluted share, compared with a loss of $294 million, or $5.04 per share, a year earlier. Adjusted earnings rose slightly to $239 million, or $4.15 per diluted share, from $235 million, or $4.01 per share, a year earlier. The company is being acquired by an affiliate of Aquarian Capital for $70.00 per share in cash, and the deal is expected to close in 2026.
- GAAP net loss available to shareholders was $792 million, or $13.82 per diluted share, versus a $294 million loss in Q1 2025
- Adjusted earnings were $239 million, or $4.15 per diluted share, versus $235 million, or $4.01 per share, in Q1 2025
- Book value was $67.27 per common share as of March 31, 2026; annuity sales were $2.2 billion
- Pending Aquarian Capital merger at $70.00 per share in cash, approved by stockholders February 12, 2026, expected to close in 2026
Read the filing on SEC.gov ↗
Briefs are written by AI from the filing text (each brief's own page names the model) and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the model's reading of the filing for shareholders, not a price forecast. Not investment advice.
