Brighthouse Financial is set to be acquired by Aquarian Capital, with the deal expected to close in 2026, subject to customary conditions. The agreement was unanimously approved by Brighthouse Financial's Board of Directors. Funding for the transaction will come from committed financing, with no additional debt to be incurred at either Aquarian Capital's insurance businesses or Brighthouse Financial. After the transaction, Brighthouse Financial will operate as a standalone entity within Aquarian Capital's portfolio, maintaining its name, brand, and headquarters in Charlotte, North Carolina. Eric Steigerwalt will remain as President and Chief Executive Officer. Aquarian Capital plans to invest in Brighthouse Financial's platform, enhance product innovation, and strengthen investment management through a strategic relationship with Aquarian Investments.