Core Points - Brookfield Wealth Solutions announced the approval of all business items at its annual general and special meeting of shareholders held virtually [1] - All five nominees for the board of directors from both class A and class B shares were elected [2] Election Results - Class A shareholders voted as follows for the five nominated directors: - Dr. Soonyoung Chang: 23,747,124 votes (99.17% for, 0.83% withheld) - William Cox: 22,970,300 votes (95.92% for, 4.08% withheld) - Michele Coleman Mayes: 23,696,733 votes (98.96% for, 1.04% withheld) - Lars Rodert: 23,273,435 votes (97.19% for, 2.81% withheld) - Anne Schaumburg: 23,678,628 votes (98.88% for, 1.12% withheld) [3] - The holder of class B shares voted all 24,000 shares in favor of the five nominated directors: Barry Blattman, Gregory Morrison, Lori Pearson, Sachin Shah, and Jay Wintrob [3] Additional Approvals - All other matters presented at the meeting were approved by shareholder vote, with a summary of the votes to be available on EDGAR and SEDAR [4] Company Overview - Brookfield Wealth Solutions focuses on securing financial futures through retirement services, wealth protection products, and tailored capital solutions [5]

BROOKFIELD, NEWS, May 08, 2025 (GLOBE NEWSWIRE) -- Brookfield Wealth Solutions (NYSE, TSX: BNT) today announced financial results for the three months ended March 31, 2025. Sachin Shah, CEO of Brookfield Wealth Solutions, stated, “Our business is off to a strong start in 2025. We have entered the U.K. market and begun offering new products that expand our asset base while maintaining our fundamental objective of generating high-quality earnings and durable risk-adjusted returns within our business.” Unaudit ...

Core Points - Brookfield Wealth Solutions Ltd. filed its 2024 annual report, including audited financial statements for the year ended December 31, 2024, with the SEC and Canadian securities regulatory authorities [1] - The annual report is accessible on Brookfield's website, the SEC's website, and SEDAR+ profile, with hard copies available to shareholders upon request [2] - Brookfield Wealth Solutions focuses on securing financial futures through retirement services, wealth protection products, and tailored capital solutions [3]

Financial Reporting and Measures - Brookfield Corporation's financial information is presented in U.S. dollars and prepared in accordance with U.S. GAAP, with all figures being unaudited unless otherwise indicated[31]. - Distributable Operating Earnings (DOE) is a key measure of financial performance, defined as net income after applicable taxes excluding certain costs and adjustments[33]. - The company utilizes non-GAAP financial measures, including DOE, adjusted equity, and total corporate liquidity, to assess business performance and capital allocation[32]. - Adjusted equity represents the total economic equity of the company through its class A, B, and C shares, excluding accumulated other comprehensive income[33]. - Corporate liquidity includes cash, undrawn credit facilities, and liquid financial assets, which are critical for assessing the company's liquidity position[33]. - Total liquidity includes liquidity within regulated insurance entities, providing a comprehensive view of the company's liquidity position[33]. - The company emphasizes the importance of non-GAAP measures for assessing overall business performance, which should not be considered in isolation from U.S. GAAP measures[32]. - The annual report for the fiscal year ended December 31, 2024, will include audited consolidated statements and management's discussion and analysis[17]. Forward-Looking Statements and Risks - Forward-looking statements reflect management's estimates and beliefs regarding future results and are subject to significant uncertainties[25]. - The company emphasizes the importance of considering risk factors that could adversely affect future results, urging caution in reliance on forward-looking statements[27]. - Historical performance and market data may not be indicative of future results, highlighting the need for careful evaluation[30]. - The company has undertaken no obligation to publicly update or revise any forward-looking statements unless required by law[27]. Acquisitions - AEL Holdings was acquired for approximately $4.3 billion at a price of $55.00 per share, completed on May 2, 2024[1]. - The acquisition of Argo Group was completed for approximately $1.1 billion at a price of $30 per share on November 16, 2023[1]. Exchangeable Shares - The company expects that the market price of exchangeable shares will be impacted by the market price of Brookfield Class A Shares and overall business performance[29]. - The company has a structured approach to its exchangeable shares, aiming to provide an economic return equivalent to Brookfield Class A Shares[29].

Core Insights - Brookfield Wealth Solutions has received a license from the UK Prudential Regulatory Authority and Financial Conduct Authority for Blumont Annuity Company UK Ltd. to engage in the UK's pension risk transfer market [1][2] - The company aims to enhance its presence in the UK, where it manages over £63 billion in assets across various sectors [2] Company Overview - Brookfield Wealth Solutions focuses on providing retirement services, wealth protection products, and tailored capital solutions [3] - Blumont Annuity specializes in pension risk transfer solutions and offers bulk annuity solutions for pension schemes in the UK [4] Operational Details - Blumont Annuity UK is set to commence operations on March 25, 2025 [2] - Brookfield and its UK portfolio companies employ approximately 23,000 people in the UK [2]

Core Insights - Brookfield Wealth Solutions has reported a significant increase in group capital, tripling from $5.7 billion in 2022 to an estimated $16.1 billion in 2024, driven by retained earnings and capital contributions from Brookfield Corporation [2][4]. Group Capital Summary - As of December 31, 2024, the total group capital for Brookfield Wealth Solutions reached over $16 billion, with $13.5 billion from insurance subsidiaries and $2.6 billion from group holding companies [4]. - The growth trajectory shows an increase from $5.1 billion in insurance subsidiaries and $0.7 billion in group holding companies in 2022 to $7.5 billion and $1.5 billion respectively in 2023 [4]. Leadership Commentary - CEO Sachin Shah emphasized the commitment of over 5,000 employees to serve policyholders and retirees, contributing to the establishment of a robust wealth management business [3]. - The company participated in its first group Supervisory College, sharing details of its financial position with regulators from eight jurisdictions, indicating a proactive approach to regulatory engagement [3]. Market Expansion - Brookfield Wealth Solutions is preparing to enter the UK insurance market, signaling intentions for continued growth and expansion in 2025 [3].

Core Viewpoint - Brookfield Wealth Solutions is entering the UK insurance market to provide bulk annuity solutions for pension schemes, following regulatory approvals from the PRA and FCA [1][4]. Group 1: Market Opportunity - The UK pension buyout market is expected to see over £500 billion in demand over the next decade, presenting a significant growth opportunity for Brookfield Wealth Solutions [2]. - Brookfield Wealth Solutions aims to leverage its strong North American operations and capital to establish a presence in the UK market [2][3]. Group 2: Company Background - Brookfield Wealth Solutions was spun out of Brookfield Corporation in June 2021 and is focused on securing financial futures through retirement services and wealth protection products [3][5]. - The company has over $140 billion in total assets and is committed to providing long-term financial security for its policyholders [4]. Group 3: Operational Details - Brookfield Wealth Solutions is expected to begin operations in the UK later in the first quarter of 2025, pending final regulatory approvals, and will operate under the Blumont Annuity UK brand [4][6]. - Brookfield already has a significant presence in the UK, managing over £63 billion in assets across various sectors, including infrastructure and renewable power [3].

Core Insights - Brookfield Wealth Solutions reported strong financial results for 2024, highlighting a significant growth trajectory with the business size doubling over the year [2][4][8] - The company aims to leverage its scalable North American annuity platform and investment capabilities for international expansion in 2025 [2] Financial Performance - Total assets reached $140.46 billion in 2024, up from $61.64 billion in 2023 [4][10] - Adjusted equity increased to $12.87 billion from $8.97 billion year-over-year [4][15] - Distributable operating earnings (DOE) for the year were $1.37 billion, a substantial increase from $745 million in 2023 [4][14] - Net income for 2024 was $1.25 billion, compared to $797 million in the previous year [5][12] Revenue Breakdown - Total revenues for 2024 amounted to $14.1 billion, significantly higher than $6.91 billion in 2023 [12] - Net premiums and other policy revenue surged to $9.05 billion from $4.55 billion year-over-year [12] - Net investment income also saw a rise, reaching $4.44 billion compared to $2.12 billion in 2023 [12] Operational Highlights - The acquisition of American Equity Investment Life Holding Company (AEL) was completed, contributing to the doubling of the business size [8] - The company deployed over $17 billion across its investment portfolio, achieving strong risk-adjusted returns [8] - Annuity and pension risk transfer sales totaled $19 billion, with $14 billion from retail annuity sales and $5 billion from PRT deals [8] Liquidity Position - Brookfield Wealth Solutions maintains a robust liquidity position with approximately $31 billion in cash and short-term liquid investments, alongside $21 billion in long-term liquid investments [6] Distribution Declaration - The Board declared a 13% increase in the quarterly return of capital to $0.09 per class A and B share, payable on March 31, 2025 [7]

Core Insights - Brookfield Wealth Solutions reported strong financial results for 2024, highlighting a significant growth in total assets and earnings, with the business doubling in size over the year [2][4][5] Financial Performance - Total assets increased to $140.46 billion in 2024 from $61.64 billion in 2023 [2][12] - Adjusted equity rose to $12.87 billion in 2024, up from $8.97 billion in 2023 [2][16] - Distributable operating earnings (DOE) for the year were $1.37 billion, compared to $745 million in 2023, reflecting a substantial increase [4][15] - Net income for 2024 was $1.25 billion, up from $797 million in the previous year [5][14] Revenue and Sales - The company generated $19 billion in annuity and pension risk transfer (PRT) sales, including $14 billion from retail annuity sales and $5 billion from PRT deals [8] - Net investment income for the year was $4.44 billion, significantly higher than $2.12 billion in 2023 [14] Liquidity Position - Brookfield Wealth Solutions maintains a strong liquidity position with approximately $31 billion in cash and short-term liquid investments, alongside $21 billion in long-term liquid investments [6] Distribution Declaration - The Board declared a 13% increase in the quarterly return of capital to $0.09 per class A and class B share, payable on March 31, 2025 [7] Strategic Initiatives - The acquisition of American Equity Investment Life Holding Company (AEL) was completed, contributing to the doubling of the business size [8] - The company plans to expand internationally in 2025, leveraging its scalable North American annuity platform and investment capabilities [2]