Brighthouse Financial, a U.S. life insurer and a spinoff of MetLife, is seeking to sell itself, according to reports from multiple sources including the Financial Times. The company, which has a valuation of approximately $3 billion, is reportedly attracting interest from large private capital firms as potential buyers. This move comes amid a broader trend in the insurance sector, where mergers and acquisitions are becoming more prevalent.
NEW: Brighthouse Financial, the $3bn MetLife spinoff, up for sale and could be the next life insurance/annuities target for the big private capital firms: https://t.co/ePlhXTRV9m https://t.co/PC0QAJ1XN7
US life insurer Brighthouse Financial seeks to sell itself https://t.co/JhlvXfGxr6
US LIFE INSURER BRIGHTHOUSE FINANCIAL SEEKS TO SELL ITSELF - FT $BHF