Core Insights - Brookfield Wealth Solutions reported strong financial results for the quarter ended September 30, 2025, with significant growth in both distributable operating earnings and net income, reflecting the company's operational expertise and investment capabilities [2][4][5]. Financial Performance - Total assets increased to $152.8 billion in Q3 2025 from $137.1 billion in Q3 2024 [2][11]. - Distributable operating earnings (DOE) for Q3 2025 were $427 million, up from $370 million in Q3 2024, and for the nine months ended September 30, 2025, DOE reached $1.3 billion compared to $947 million in the prior year [4][14]. - Net income surged to $608 million in Q3 2025 from $65 million in Q3 2024, with a nine-month net income of $842 million compared to $671 million in the previous year [5][14]. Operational Highlights - The company successfully repositioned assets into higher yielding investment strategies, contributing to the increase in net investment income [4]. - Brookfield Wealth Solutions maintained a strong liquidity position with approximately $32 billion in cash and short-term liquid investments, alongside $25 billion in long-term liquid investments [6]. - The company deployed $4 billion into Brookfield originated strategies at an average yield of 9% and originated $5 billion in annuity sales during the quarter [8]. Strategic Initiatives - The acquisition of Just Group plc, a U.K.-based retirement specialist, is on track to close in the first half of 2026, enhancing the company's international expansion efforts [8]. - A new reinsurance agreement in Japan was announced, effective October 2025, marking a significant step in the company's international growth strategy [8]. Distribution Information - The Board declared a quarterly return of capital of $0.06 per class A and class B share, payable on December 31, 2025, consistent with previous distributions [9].

Core Points - Brookfield Wealth Solutions Ltd. has completed a three-for-two stock split of its class A exchangeable limited voting shares, effective from October 10, 2025 [1] - Each shareholder received one-half of a class A share for each class A share held, resulting in one additional class A share for every two shares held [1] - Fractional shares will be compensated in cash based on the closing price on the Toronto Stock Exchange as of the record date, October 3, 2025 [1] Company Overview - Brookfield Wealth Solutions Ltd. focuses on securing financial futures through retirement services, wealth protection products, and tailored capital solutions [2] - Each class A exchangeable limited voting share is exchangeable on a one-for-one basis with a class A limited voting share of Brookfield Corporation [2]

Group 1 - Companies that experience significant increases in market prices may consider proposing forward stock splits [1] - The purpose of a forward stock split is to maintain an affordable market price for new buyers [1] - This strategy aims to attract more investors by keeping share prices within a reasonable range [1]

Core Insights - Brookfield Wealth Solutions Ltd. has signed a reinsurance agreement with Dai-ichi Frontier Life, marking its first reinsurance transaction in Japan [1][3] - The agreement allows Dai-ichi Frontier Life to reinsure liabilities to Brookfield's U.S.-based subsidiary, American National Insurance Company, on a flow basis, effective October 2025 [2][3] - Japan's insurance market is significant, with individual life and annuity policies totaling over $6 trillion [2] Company Overview - Brookfield Wealth Solutions is focused on providing retirement services, wealth protection products, and tailored capital solutions [3][5] - The company has established a representative office in Tokyo and has been expanding its local team since 2015, partnering with numerous leading institutional and wealth investors in Japan [4][5] - The reinsurance agreement enhances Brookfield's existing presence and relationships in Japan, indicating a strategic move to leverage the country's large insurance market [4][5] Strategic Importance - The partnership with Dai-ichi Frontier Life is seen as strategically important due to Japan's large life insurance market and favorable macroeconomic trends [3] - Brookfield Wealth Solutions aims to provide Japanese insurers with enhanced strategic diversification of asset exposures and access to longer-duration solutions [5] - The company has an active pipeline of opportunities and plans to partner with more Japanese insurers as it grows its business in this market [5]

Core Viewpoint - Just Group plc shareholders approved the acquisition by Brookfield Wealth Solutions, indicating strong support for the transaction and its strategic goals [1][2]. Group 1: Acquisition Details - The acquisition is expected to close in the first half of 2026, pending regulatory approvals and customary closing conditions [2]. - Upon completion, Just will become part of the Brookfield Wealth Solutions group, increasing the group's total assets to approximately $180 billion [2]. Group 2: Strategic Implications - The acquisition allows Brookfield Wealth Solutions to enhance its investment in the U.K. market and provide secure retirement income solutions for U.K. pensioners [2]. - The CEO of Brookfield Wealth Solutions emphasized the ambition to build on Just's commitment to financial security for policyholders and to invest in long-dated assets critical to the U.K. economy [2]. Group 3: Company Overview - Brookfield Wealth Solutions is an investment-led insurance organization focused on securing financial futures through retirement services, wealth protection products, and tailored capital solutions [3].

Core Insights - Brookfield Wealth Solutions reported strong financial results for the quarter ended June 30, 2025, with significant increases in distributable operating earnings and net income compared to the previous year [2][4][5]. Financial Performance - Total assets reached $148.893 billion, up from $130.533 billion in the prior year [2][21]. - Adjusted equity increased to $14.688 billion from $10.538 billion year-over-year [2][26]. - Distributable operating earnings were $398 million for the three months ended June 30, 2025, compared to $298 million in the same period last year, and $835 million for the six months ended June 30, 2025, compared to $577 million in the prior year [4][25]. - Net income for the quarter was $516 million, up from $269 million in the previous year, while net income for the six months was $234 million, down from $606 million [5][24]. Strategic Initiatives - The acquisition of Just Group plc, a U.K.-based retirement specialist, is expected to significantly enhance Brookfield's presence in the U.K. retirement market and accelerate growth [2][9][10]. - The company has a strong liquidity position with approximately $34 billion in cash and short-term liquid investments, alongside $22 billion in long-term liquid investments [6]. Market Activity - Brookfield deployed $3.5 billion into originated strategies with an average yield of 8% and achieved over $4 billion in annuity sales during the quarter [8]. - The property and casualty float remained stable at approximately $8 billion, providing investment flexibility and risk diversification [8]. Stock Split Announcement - A three-for-two stock split of class A shares has been approved to improve liquidity and accessibility for individual shareholders, effective October 9, 2025 [11][12][13].

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]

Core Viewpoint - Brookfield Wealth Solutions reported strong financial results for Q1 2025, highlighting a significant increase in distributable operating earnings and the expansion into the U.K. market, despite a net loss attributed to unrealized movements on reserves [1][3][4]. Financial Performance - Total assets increased to $141.612 billion in Q1 2025 from $63.113 billion in Q1 2024 [1]. - Distributable operating earnings reached $437 million, up from $279 million in the prior year [3][15]. - Net income recorded a loss of $282 million compared to a profit of $337 million in the same period last year [4][14]. Investment and Market Position - The company holds approximately $25 billion in cash and short-term liquid investments, alongside $22 billion in long-term liquid investments, positioning it well to navigate market volatility [5]. - Brookfield deployed $3 billion into its originated strategies with returns exceeding 8% [7]. - The company originated $4 billion in annuity sales across various channels during the quarter [7]. Distribution and Shareholder Returns - A quarterly return of capital of $0.09 per class A and class B share was declared, payable on June 30, 2025 [6]. - The net income attributable to Brookfield shareholders for Q1 2025 was $73 million, down from $102 million in Q1 2024 [8]. Operational Highlights - The company launched its U.K. pension risk transfer business in March 2025 and expects to be active in the market throughout the year [7]. - The net investment income increased significantly to $1.429 billion from $670 million year-over-year [13]. Summary of Financial Results - Total revenues for Q1 2025 were $2.618 billion, compared to $2.485 billion in Q1 2024 [13]. - Operating expenses rose to $382 million from $233 million in the previous year [13]. Balance Sheet Overview - Total liabilities and equity stood at $141.612 billion as of March 31, 2025, compared to $139.953 billion at the end of 2024 [11][12]. - The company’s insurance invested assets and cash equivalents remained stable, indicating a solid financial foundation [11].

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].