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].
Brookfield Wealth Solutions Ltd.(BNT) - 2024 Q4 - Annual Report