Brighthouse Financial(BHF) - 2025 Q3 - Quarterly Results

Exhibit 2.1 EXECUTION VERSION AGREEMENT AND PLAN OF MERGER by and among AQUARIAN HOLDINGS VI L.P., AQUARIAN BEACON MERGER SUB INC., AQUARIAN HOLDINGS LLC (solely for purposes of Section 5.7, Section 6.18, Section 6.19 and Section 9.13) and BRIGHTHOUSE FINANCIAL, INC. Dated as of November 6, 2025 Article I DEFINITIONS 2 Article II THE MERGER 21 Article III EXCHANGE OF SHARES 26 Article IV REPRESENTATIONS AND WARRANTIES OF THE COMPANY 28 i Page Section 1.1 Definitions 2 Section 1.2 Other Definitional and Inte ...