Financial Data and Key Metrics Changes - The company reported $1.1 billion in fee revenues for Q2 2024, a 6% increase year-over-year, and $4.5 billion over the last 12 months, up 5% [31] - Fee-related earnings (FRE) for the quarter were $583 million, reflecting a 6% increase, while distributed earnings (DE) were $548 million, up 4% [32] - Fee-bearing capital surpassed $514 billion, marking a 12% increase over the past three months and a 17% increase year-over-year [34] Business Line Data and Key Metrics Changes - The credit business experienced a 19% growth in fee revenues compared to Q2 2023, driven by strong market conditions and the acquisition of Castlelake [29][36] - The renewable power and transition business raised $4 billion in capital during the quarter, indicating robust fundraising activity [37] Market Data and Key Metrics Changes - The global economy is showing solid growth with modest inflation, and central banks have begun cutting interest rates, which is expected to support further growth [17] - Credit spreads have tightened, leading to increased financing opportunities across the portfolio, with $75 billion in financings executed this year [19] Company Strategy and Development Direction - The company aims to leverage its unique position as a leading renewable power and infrastructure investor to provide integrated solutions for data centers and renewable energy [46][48] - The focus remains on organic growth, with expectations to add another trillion in assets under management (AUM) over the next four years, primarily through the insurance and credit platforms [68] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the market's constructive backdrop for transactions, despite recent volatility, and anticipates increased transaction activity in the second half of the year [62][63] - The company expects to see significant monetization activity, particularly in the renewable power and transition sectors, as well as in private equity [78] Other Important Information - The Board of Directors declared a dividend of $0.38 per share for Q2, payable on September 27, 2024 [42] - The company has a strong liquidity position with $107 billion of uncalled fund commitments and $1.9 billion in cash on hand at the end of the quarter [41][42] Q&A Session Summary Question: Can you discuss your unique position as the largest combined renewable power and infrastructure investor? - Management highlighted the significant demand for infrastructure to support AI and cloud computing, noting that they are well-positioned to provide both power and data center capacity [46][47] Question: What is the progress on backfilling BGTF I? - Management indicated that they have all necessary deals in the pipeline to fill BGTF I and are approximately 20% deployed on BGTF II [50] Question: Can you elaborate on the embedded revenues and the opportunity for capital rotation? - Management confirmed that the AEL mandate will drive significant revenue growth, with expectations for a meaningful rotation of liquid securities into private funds over the next one to two years [54][55] Question: How do you view the current economic data and its impact on the market? - Management believes the recent volatility does not reflect the overall constructive market backdrop, with continued robust growth and liquidity expected [62][63] Question: What are the growth prospects for the insurance segment post-AEL? - Management emphasized the dramatic growth expected from the AEL mandate and the significant demand for insurance annuities, which will drive growth in the insurance platform [81][83]

Q2 SUPPLEMENTAL INFORMATION SECOND QUARTER ENDED JUNE 30, 2024 Brookfield Asset Management Overview Our Businesses by Fee-Bearing Capital Assets Under Management $995B Renewable Power & Transition $52B Infrastructure $91B Private Equity $40B Real Estate $93B Credit & Other BAM is a leading alternative asset manager with a 25-year track record of delivering strong, risk-adjusted returns by investing in high-quality assets, forming the backbone of the global economy | --- | --- | |--------------------------|- ...

Brookfield Asset Management (BAM) came out with quarterly earnings of $0.34 per share, missing the Zacks Consensus Estimate of $0.35 per share. This compares to earnings of $0.28 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of -2.86%. A quarter ago, it was expected that this investment manager would post earnings of $0.33 per share when it actually produced earnings of $0.34, delivering a surprise of 3.03%.Over the last four q ...

Assets Under Management Now Approximately $1 Trillion $68 Billion of Capital Raised in the Quarter Annualized FRE and DE Grew 11% and 12% to $2.5 Billion and $2.4 Billion BROOKFIELD, NEWS, Aug. 07, 2024 (GLOBE NEWSWIRE) -- Brookfield Asset Management Ltd. (NYSE:BAM, TSX:BAM) today announced financial results for the quarter ended June 30, 2024. Connor Teskey, President of Brookfield Asset Management stated, "We had another strong quarter, which included $68 billion of capital raised. There is strong momentu ...

ANN ARBOR, Mich., Aug. 05, 2024 (GLOBE NEWSWIRE) -- Kraig Biocraft Laboratories, Inc. (OTCQB: KBLB) ("the Company" or "Kraig Labs"), announces today that renowned sericulture expert, Dr. Nirmal Kumar, will rejoin the Company's team in Asia to oversee completion of the second production cycle of BAM-1 spider silk hybrids. Dr. Nirmal Kumar rejoins the team this week, as Kraig Labs prepares to cocoon and reel the second BAM-1 hybrid spider silk production batch. This production cycle will build on the success ...

z1b Stocks have been falling significantly in recent days due to growing fears of a recession and several disappointing earnings reports. Dividend stocks (SCHD) have been no exception. In particular, asset managers like Blackstone (BX), business development companies like Ares Capital (ARCC), and energy stocks like Chevron (CVX) have all pulled back recently, as concerns grow that the economic slowdown might hurt their performance. That being said, now is a great time to shop for high-quality dividend s ...

BROOKFIELD, NEWS, July 09, 2024 (GLOBE NEWSWIRE) -- Brookfield Asset Management Ltd. (NYSE:BAM, TSX:BAM) is set to publish its financial results for the second quarter 2024 on August 7, 2024, prior to 7:00 a.m. ET. These results will be made available on our website at www.bam.brookfield.com/news-events/press-releases. The Company will host an earnings conference call and webcast to review its results and operations beginning at 11:00 a.m. ET. Participants can join by conference call or webcast: Conference ...

Douglas Rissing The Federal Reserve has dangled the prospect of interest rate cuts for about six months now, ever since Jerome Powell set off a furious Santa Claus rally with dovish-sounding rhetoric shortly before Christmas last December. However, since then, the future has proven to be much more stubborn than many expected. Inflation has not receded much at all this year. Yes, core CPI and Core PCE have trended slightly lower, but headline CPI and headline PCE have remained fairly flat year-to-date: Data ...

ANN ARBOR, Mich., June 17, 2024 (GLOBE NEWSWIRE) -- Kraig Biocraft Laboratories, Inc. (OTCQB: KBLB) ("the Company" or "Kraig Labs"), announces today that it has successfully completed cocoon production for the first commercial production run of its BAM-1 hybrids. The Company launched the BAM-1 hybrids 30 days ahead of schedule based on the overwhelming success of its spring production trials. During the spring trials, Kraig labs raised the two separate BAM-1 parental lines with overwhelming success. At the ...

Pineapple Studio Limit Buying Bonanza: 5 Blue-Chips I Just Bought And Two I Sold Here's a summary of the limits that I filled the morning of Monday, June 10, since my readers seem most interested in what I'm doing with my own hard-earned money. British American Tobacco (BTI) Trade Summary Shares purchased: 400 (then 200 more in a 2nd limit) Price: $31.25 (9.5% yield) ($30.64) (9.7% yield) Shares I Now Own: 6,066.4674 Cost Basis: $30.08 (9.9% yield) British American was a "fat finger" slip when I was enter ...