Brighthouse Financial reported third-quarter net income available to shareholders of $302 million, or $5.21 per diluted share, down from $453 million a year earlier. Adjusted earnings fell to $527 million from $970 million. Annuity sales were $2.4 billion, driven by $2.1 billion in Shield Level Annuities. Life sales were $36 million. The insurer's estimated combined risk-based capital ratio was between 415% and 435%, and holding company liquid assets were $1.0 billion. Its pending $4.1 billion all-cash sale to Aquarian Capital, at $70.00 per share, still awaits insurance regulatory approvals in Delaware, New York, and Massachusetts. The approvals are not expected before the December 6, 2026 outside date, so the companies are discussing an extension.

Aquarian Capital expands insurance empire with $4.1bn Brighthouse Financial takeover and annuity growth plan. Find out how Aquarian Capital's $4.1 billion Brighthouse Financial takeover is reshaping the U.S. life insurance and annuity market. In a defining move for the U.S. life insurance industry, Aquarian Capital has announced an agreement to acquire Brighthouse Financial in an all-cash transaction valued at approximately $4.1 billion. The $70-per-share offer represents a 37 percent premium over Brighthouse's pre-rumor trading levels, positioning the deal as one of the most significant private-equity-driven takeovers in the insurance sector this decade. With the acquisition, Aquarian Capital - an investment firm known for its appetite for insurance-linked assets and long-duration liabilities - gains control of one of the country's largest annuity providers and roughly $120 billion in managed assets.