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

Metlife

28/01/2025 15:07

** 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;))