Brighthouse Financial, Inc. is a U.S.-based financial services company that offers annuity and life insurance solutions throughout the country. Its operations are organized into three main divisions: Annuities, Life, and Run-off. The Annuities segment provides a range of products, including variable, fixed, index-linked, and income annuities, designed to help clients with tax-deferred wealth accumulation, estate planning, and securing future income. Through its Life segment, the company delivers various life insurance policies such as term, universal, whole, and variable life, meeting policyholders' needs for financial protection and protected wealth transfer. The Run-off segment is responsible for managing a portfolio of older business, which includes structured settlements, pension risk transfer contracts, specific company-owned life insurance policies, funding agreements, and universal life policies with secondary guarantees. The firm was established in 2016 and is headquartered in Charlotte, North Carolina.
Brighthouse Financial Announces Second Quarter 2026 Results
Brighthouse Financial reported Q2 adjusted earnings of $4.45 per share, up from $3.43 in the prior year, while GAAP net income surged to $956 million due to favorable market impacts on reserves. Annuity sales reached $2.4 billion, fueled by record sales of Shield Level Annuities totaling $2.1 billion.
The company's capital position remained robust with an estimated combined RBC ratio of 430% to 450%, sitting at the upper end of the target range. Book value excluding AOCI grew to $156.10 per share, reflecting underlying business strength.
Regarding the pending acquisition by Aquarian Capital, the company announced that the deal remains subject to regulatory approvals in Delaware, New York, and Massachusetts. The merger agreement will be automatically extended to December 6, 2026, if not closed by September 6.