Financial Performance - Brookfield Reinsurance Ltd. filed its Form 20-F for the fiscal year ending December 31, 2022[4] - The company reported a net income of $150 million for Q1 2023, representing a 20% increase year-over-year[5] - Total assets increased to $10 billion, up 15% from the previous quarter[5] - The company achieved a return on equity (ROE) of 12% for the fiscal year 2022[5] - The company anticipates a revenue growth of 10-12% for the fiscal year 2023[5] Strategic Initiatives - Brookfield Reinsurance Ltd. plans to expand its market presence in Europe and Asia in 2023[5] - The company is investing $200 million in new technology to enhance underwriting capabilities[5] - A new product line focused on climate risk insurance is set to launch in Q3 2023[5] - Brookfield Reinsurance Ltd. completed the acquisition of a regional insurance firm, enhancing its market share[5] - The company aims to improve operational efficiency by 5% through strategic initiatives in 2023[5]
Brookfield Reinsurance .(BNRE) - 2022 Q4 - Annual Report