Aquarian Holdings leads consortium to buy Brighthouse Financial

Group 1 - Aquarian Holdings is in advanced negotiations to acquire Brighthouse Financial, with a potential offer between $65 to $70 per share, valuing the company at approximately $4 billion [1][2] - Aquarian is collaborating with co-investors such as the Qatar Investment Authority and Mubadala Capital, expected to contribute over half of the capital for the acquisition [1] - Brighthouse Financial is known for its operations in the annuities and life insurance sectors [2] Group 2 - In Q2 2025, Brighthouse reported net income available to shareholders of $60 million, up from $9 million in the same quarter the previous year [3] - Adjusted earnings for Brighthouse dropped to $198 million in Q2 2025 from $346 million in Q2 2024 [3] - The Life segment reported an adjusted loss of $26 million in Q2 2025, down from adjusted earnings of $42 million in Q2 2024 [3] - The Run-off segment experienced an adjusted loss of $83 million, compared to a $30 million loss in the prior year's quarter [3] - The Annuities segment maintained adjusted earnings at $332 million, consistent with Q2 2024 performance [4] Group 3 - In March 2025, Aquarian announced the creation of Aquarian Insurance Holdings to optimize growth and synergies within its reinsurance and retail insurance businesses [4]