Brighthouse Financial Q1 Net Loss Widens to $792 Million; Adjusted Earnings $239 Million
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.
Key points
- 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
The filing
Written by AI on Nov 8, 2026, 6:56 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on May 06, 2026.
Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.