Brookfield Wealth Solutions Announces Third Quarter Results and Declares Regular Quarterly Distribution

Core Viewpoint - Brookfield Wealth Solutions reported strong financial results for the quarter ended September 30, 2024, with significant investment redeployment and growth in annuity sales, positioning the company well for future growth [1][3]. Financial Performance - Total assets increased to $137,112 million in 2024 from $51,177 million in 2023 [2]. - Adjusted equity rose to $11,434 million in 2024 compared to $7,251 million in 2023 [2][16]. - Distributable operating earnings (DOE) for the three months ended September 30, 2024, were $370 million, up from $182 million in the prior year [4][15]. - Net income for the three months ended September 30, 2024, was $65 million, a decrease from $77 million in 2023 [5][15]. Investment and Sales Highlights - Approximately $4 billion in proprietary investment strategies were originated during the quarter, achieving returns exceeding 8% [3]. - Annuity sales totaled $4 billion for the quarter, bringing the year-to-date total to $12 billion [3]. - The company reinsured a portion of its life insurance business, locking in strong returns and releasing significant capital for future growth [3]. Liquidity Position - The company 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 quarterly return of capital of $0.08 per class A and class B share, payable on December 31, 2024 [7].