Brighthouse Financial Q3 adjusted earnings fall; expects delay in acquisition by Aquarian Capital
BHF•Brighthouse Financial reported Q3 adjusted earnings of $3.68 per share and adjusted net income of $213 million, both down year over year. It said regulatory approvals for its acquisition by Aquarian Capital are unlikely by December 6, 2026.
1. Quarterly results
Brighthouse Financial reported Q3 adjusted earnings of $3.68 per share, less notable items, and adjusted net income of $213 million. Net income was $302 million and EPS was $5.21.
2. Acquisition timing
The company said regulatory approvals for its pending acquisition by Aquarian Capital are unlikely to be completed by December 6, 2026.
3. Sales and outlook
Total annuity sales fell 12% year over year, as lower fixed annuity sales were partly offset by strong Shield Level Annuities sales. Brighthouse expects continued volatility in net income due to market performance and differences in hedge reserves.
