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Rithm Capital RITM Deferred Annuities — Crestline Acquisition (Note 3)

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JXNRetail Annuities — Deferred Acquisition Costs
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BHFFixed Rate Annuities — Deferred policy acquisition costs and value of business acquired
$170M0.0%
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BHFFixed Rate Annuities — Deferred Policy Acquisition Cost
$120M+3.4%
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BHFIndex-linked Annuities — Deferred Policy Acquisition Cost
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LNCFixed Annuities — Deferred acquisition costs, value of business acquired and deferred sales inducements
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CINFDeferred Fixed Annuity — Capitalized deferred policy acquisition costs
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Other financials

Income statement

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Revenue$1.4B+41.3%
Net income$102.7M+30.3%
EPS (diluted)$0.12+71.4%

Balance sheet

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Cash & equivalents$2.5B+64.9%
Total debt$169.7M-99.5%
Total equity$8.6B+10.7%
Total assets$53.4B+17.7%

Cash flow

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Operating cash flow$100.7M-92.9%

Valuation

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Market cap$5.15B-17.3%
Enterprise value$2.86B-92.7%
P/E7.2×-0.6×
P/S-0.3×

Profitability

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Net margin14.4%-1.0pp

Returns & leverage

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Return on equity8.8%-0.9pp
Debt / equity-4.3×

Where this comes from

Reported directly by Rithm Capital in its filing.

Tagged under the XBRL concept nrz:PolicyholderAccountBalanceCrestlineAcquisition.

The official record: Rithm Capital’s 10-K, filed February 19, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Rithm Capital's deferred annuities — crestline acquisition (note 3)?
Rithm Capital (RITM) reported deferred annuities — crestline acquisition (note 3) of $211.21M in Q4 2025.
What does deferred annuities — crestline acquisition (note 3) mean?
This metric represents the total fair value or purchase price allocation associated with the acquisition of a specific portfolio or business unit within the deferred annuities segment. It reflects the capital deployed to integrate external annuity assets or liabilities into the company's existing insurance product suite. This figure is critical for understanding the inorganic growth strategy and the scale of assets under management acquired through strategic transactions.