Core Insights - Brighthouse Financial reported a significant increase in net income for Q3 2025, reaching $453 million or $7.89 per diluted share, compared to $150 million or $2.47 per diluted share in Q3 2024 [3][12] - The company completed its annual actuarial review, resulting in a favorable impact of $316 million on net income, alongside an increase in the long-term mean reversion interest rate assumption for the 10-year U.S. Treasury from 4.00% to 4.50% [4][8] - A definitive merger agreement was announced with Aquarian Capital LLC, valuing the transaction at approximately $4.1 billion, or $70.00 per share [8][11] Financial Performance - Adjusted earnings for Q3 2025 were reported at $970 million, or $16.87 per diluted share, up from $767 million, or $12.58 per diluted share in Q3 2024 [7][12] - The company’s common stockholders' equity at the end of Q3 2025 was $4.7 billion, or $81.60 per common share, with book value excluding AOCI at $8.7 billion, or $151.94 per common share [5][12] - Annuity sales increased by 8% quarter-over-quarter and 5% sequentially, driven by record sales of Shield Level Annuities [10][16] Segment Performance - The Annuities segment reported adjusted earnings of $304 million, down from $327 million in Q3 2024 [13] - The Life segment showed adjusted earnings of $40 million, a recovery from adjusted losses of $25 million in Q3 2024 [17] - The Run-off segment had adjusted earnings of $641 million, compared to $463 million in Q3 2024 [20] Sales and Market Activity - Total annuity sales for Q3 2025 were $2.7 billion, with life sales reaching $38 million, reflecting a 27% increase quarter-over-quarter [10][19] - The company’s estimated combined risk-based capital (RBC) ratio was between 435% and 455%, at the upper end of the target range of 400% to 450% [11][29] Investment Income - Net investment income for Q3 2025 was $1,334 million, with an adjusted net investment income of $1,327 million, reflecting increases driven by higher alternative investment income [27][26] - The adjusted net investment income yield was reported at 4.40% during the quarter [27][69]

Financial Performance - Consolidated Edison reported a net income of $688 million or $1.91 per share for Q3 2025, an increase from $588 million or $1.70 per share in Q3 2024, representing a 17% increase in net income [1][11] - For the first nine months of 2025, net income was $1,726 million or $4.84 per share, compared to $1,510 million or $4.37 per share in the same period of 2024, marking a 14% increase [2][11] - Adjusted earnings for Q3 2025 were $686 million or $1.90 per share, up from $583 million or $1.68 per share in Q3 2024 [1][11] Strategic Initiatives - The company has reached a Joint Settlement Agreement on a three-year investment plan aimed at funding critical infrastructure investments while maintaining affordability and reliability [3] - Con Edison plans to complete the construction of 14 new substations and implement upgrades and storm resiliency measures by 2030 to support growing energy demands [3] Future Outlook - The company expects adjusted earnings per share for 2025 to be in the range of $5.60 to $5.70, slightly up from the previous forecast of $5.50 to $5.70 [3] - Adjusted earnings per share exclude specific impacts such as the basis difference of Con Edison's equity investment in Mountain Valley Pipeline and other strategic evaluations [3][8]

Core Viewpoint - General Motors' share price has increased by over 20% in a short period, driven by strong third-quarter results and positive management outlook [1][5]. Financial Performance - GM reported earnings per share of $2.80 and revenue of $48.6 billion, both exceeding Wall Street expectations [2]. - The company raised its full-year 2025 guidance for adjusted earnings from a range of $10 billion to $12.5 billion to a new range of $12 billion to $13 billion, translating to adjusted earnings per share of up to $10.50 [4]. Market Demand - There is strong demand for GM's full-size SUVs, with the company currently unable to meet this demand [3]. - The management is making progress in reducing tariff payments and adapting to the slowing demand for electric vehicles, addressing market concerns [2][7].