Brighthouse Financial

Money Moves

Acquisition by Aquarian Capital pending regulatory approval

Brighthouse Financial shareholders voted on February 12, 2026, to approve a $4.1 billion all-cash acquisition by Aquarian Capital, making the company the latest major U.S. life insurer to exit public markets for private equity ownership. The deal—at $70 per share, a 37% premium to the unaffected stock price—continues a decade-long trend of alternative asset managers acquiring insurers that hold Americans' retirement savings.

Updated May 27