Brighthouse Financial Q2 FY26 net income swings to USD 956 million; annuity sales fall 7% to USD 2.43 billion vs Q2 FY25

Annuity sales fell 7% year over year to $2.43 billion, driven by lower fixed annuity sales, partly offset by Shield Level Annuities above $2.1 billion.

Life sales climbed 18% from a year earlier to $39 million; estimated combined RBC ratio was 430%-450% with holding company liquid assets of $0.9 billion.

Aquarian Capital’s $70 per-share all-cash deal remained pending insurance regulatory approvals; the merger is expected to close in 2026.

Brighthouse Financial posted GAAP net income available to shareholders of $956 million, swinging from $60 million a year earlier.

GAAP diluted EPS rose to $16.53 from $1.02; non-GAAP adjusted earnings increased to $258 million from .