BUZZ-Brighthouse Financial hits 7-yr high after report insurer looking to sell itself

Reuters

2025/01/28

** Shares of life insurer Brighthouse Financial BHF.O jump as much as 24.2%, hitting their highest in seven years

** Stock last up 20.7% at $61.87 in early trading

** BHF is looking to sell itself with private capital managers expected to bid for the firm, the Financial Times reports, citing people familiar with the matter

** Co was carved-out of life insurer MetLife MET.N in 2017

** BHF preference is to find an outright buyer rather than sell a minority equity stake, the report adds

** Co has a market capitalization of $3 bln as of last close - LSEG data

** BHF stock slipped 9.2% in 2024

(Reporting by Arasu Kannagi Basil in Bengaluru)

((ArasuKannagi.Basil@thomsonreuters.com;))

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