Distributable operating earnings
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Brookfield Wealth Solutions Announces Third Quarter Results and Declares Regular Quarterly Distribution
Globenewswire· 2025-11-13 11:55
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].
Brookfield Wealth Solutions Announces Second Quarter Results and Three-for-Two Stock Split
Globenewswire· 2025-08-07 10:55
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].
Brookfield Wealth Solutions Announces First Quarter Results and Declares Quarterly Distribution
Globenewswire· 2025-05-08 10:55
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].