Brookfield (NYSE:BN) Q3 2025 Earnings Call November 13, 2025 09:00 AM ET Speaker6Hello, and welcome to the Brookfield Corporation Third Quarter 2025 conference call and webcast. At this time, all participants are in a listen-only mode. After the speaker presentation, there will be a question-and-answer session. To ask a question during the session, you will need to press star 11 on your telephone. I would now like to hand the conference call over to your first speaker, Ms. Katie Battaglia, Vice President, I ...

3Q 2025 Trading Update Lard Friese Duncan Russell Chief Executive Officer Chief Financial Officer November 13, 2025 2 2 Key messages 1. Before Holding funding and operating expenses ▪ EUR 340 million operating capital generation1 on track to meet the OCG target of around EUR 1.2 billion for 2025 ▪ Growing the distribution network and maintaining strong commercial momentum with increased life sales in the US ▪ Net outflows in the UK platform business due to departure of two large, low-margin workplace scheme ...

Core Insights - A significant percentage of retirees are concerned about the impact of rising prices on their financial security, with 84% wishing to better protect their savings from inflation [2][4] - The Schroders survey indicates that 62% of retired Americans are uncertain about the longevity of their savings, while 45% report higher-than-expected expenses in retirement [4] Group 1: Retirement Concerns - 71% of retirees are unsure about optimal spending and income-generating strategies [3] - 86% express concern over healthcare costs in retirement, with an average of 15% of monthly income spent on these expenses [14][15] - Nearly 20% of older Americans have returned to the labor force for personal or economic reasons [4] Group 2: Investment Strategies - Treasury Inflation Protected Securities (TIPS) are suggested as a way to add inflation-resistant assets to portfolios [1] - Dividend-growing equities and annuities are also recommended to bolster fixed income sources against rising prices [5] - First National Realty Partners (FNRP) offers accredited investors access to grocery-anchored commercial properties, allowing diversification without landlord responsibilities [7][8] Group 3: Financial Planning and Support - The 4% rule is a traditional retirement withdrawal strategy, but alternative flexible approaches are available [10] - Financial advisors can provide valuable guidance for creating sustainable income strategies in retirement [11][17] - Long-term care insurance options are available to help manage healthcare costs and protect retirement funds [15][16]

Core Insights - Lincoln National Corporation (LNC) reported a 2% increase in shares following the release of its third-quarter 2025 results, driven by strong annuity deposits and solid performance in Group Protection and Life Insurance [1] - The company achieved adjusted earnings per share (EPS) of $2.04, exceeding the Zacks Consensus Estimate by 10.9%, although it represented a 1% decline year over year [2] - Adjusted operating revenues grew 3.8% year over year to $4.8 billion, but fell short of the consensus estimate by 0.5% [2] Financial Performance - LNC's estimated Risk-Based Capital (RBC) ratio increased to over 420% by the end of the third quarter [3] - Insurance premiums rose 1.4% year over year to $1.6 billion, missing the Zacks Consensus Estimate by 2.1% [3] - Fee income reached $1.4 billion, up 2.4% year over year, but also missed the consensus mark by 2.2% [3] - Net investment income increased by 9% year over year to $1.5 billion, surpassing the consensus estimate by 6.2% [3] Revenue and Expense Analysis - Other revenues amounted to $206 million, reflecting a 28.8% year-over-year increase [4] - Total expenses decreased by 16.3% year over year to $4 billion [4] - Interest credited rose 8.4% year over year to $954 million [4] - The company reported a net income of $445 million, a significant recovery from a net loss of $528 million in the prior-year quarter [4] Segment Performance - The Annuities segment's operating income was $310 million, a 3% year-over-year increase, exceeding the consensus estimate [6] - Life Insurance operating income improved to $25 million, up from $22 million year over year, benefiting from stable mortality and higher alternative investment income [7] - Group Protection segment's operating income surged 36.7% year over year to $149 million, supported by favorable life experience [8] - Retirement Plan Services segment recorded an operating income of $46 million, a 5% year-over-year increase, aided by favorable equity markets [10] Financial Position - As of September 30, 2025, Lincoln National had cash and invested cash of $10.7 billion, up from $5.8 billion at the end of 2024 [12] - Total assets increased to $415.3 billion from $390.8 billion at the end of 2024 [12] - Long-term debt decreased to $5.8 billion from $5.9 billion as of December 31, 2024 [12] - Total stockholders' equity rose to $10.5 billion from $8.3 billion at the end of 2024 [12] Dividend and Outlook - Lincoln National paid out quarterly dividends of $85 million [14] - For 2026, the company projects that the Annuities, Life Insurance, Group Protection, and Retirement Plan Services units will account for 55-65%, 10-15%, 20-30%, and 5-15% of total operating income, respectively [15]

Title insurance company Fidelity National Financial (NYSE:FNF) beat Wall Street’s revenue expectations in Q3 CY2025, with sales up 11.9% year on year to $4.03 billion. Its non-GAAP profit of $1.63 per share was 14.5% above analysts’ consensus estimates. Is now the time to buy Fidelity National Financial? Find out in our full research report. Fidelity National Financial (FNF) Q3 CY2025 Highlights: Revenue: $4.03 billion vs analyst estimates of $3.57 billion (11.9% year-on-year growth, 13% beat)Pre-tax P ...

Other Information Appendix Note: See the Appendix for non-GAAP financial information, definitions and reconciliations. Financial information, unless otherwise noted, is rounded to millions. Some financial information, therefore, may not sum to the corresponding total. Brighthouse Financial, Inc. Financial Supplement Third Quarter 2025 Table of Contents Financial Results Earnings and Select Metrics from Segments A-1 Note Regarding Forward-Looking Statements A-3 Non-GAAP and Other Financial Disclosures A-7 Ac ...

At first glance, annuities may seem like the Swiss Army knife of retirement planning — abounding in helpful features. While they can’t help you open a can in the Alps, they can help provide guaranteed income throughout retirement, offer tax-deferred growth and add protection from market downturns. But like many other useful financial products, these helpful features also come with a variety of fees — some more reasonable than others. For You: Here’s How Much You Need To Retire With a $100K Lifestyle Learn ...

Core Viewpoint - Brighthouse Financial has entered into a definitive merger agreement with Aquarian Capital, which will acquire the company for $70.00 per common share in cash, leading to the cancellation of the scheduled conference call to discuss Q3 2025 results [1][2]. Financial Performance Metrics - Brighthouse Financial is expected to release its third quarter 2025 earnings and financial supplement after market close [2]. - The company reported a statutory combined total adjusted capital of $5.4 billion [5]. - The estimated combined risk-based capital ratio is between 435% and 455% [5]. - Holding company liquid assets amount to $1.0 billion [5]. Company Overview - Brighthouse Financial, Inc. is one of the largest providers of annuities and life insurance in the U.S., focusing on products that help individuals achieve financial security [2].

Core Insights - MetLife Inc. reported mixed financial performance for the third quarter of 2025, with an earnings per share (EPS) of $2.34, exceeding the estimated $2.31, driven by gains from its investment portfolio [2][5] - The company's revenue was $17.36 billion, falling short of the estimated $18.64 billion, while net income was reported at $818 million [3][5] - Adjusted earnings per share rose by 21% to $2.37, indicating robust growth in core operations, supported by a 15% increase in adjusted earnings to $1.6 billion [2][3] Financial Metrics - MetLife's price-to-earnings (P/E) ratio is approximately 12.31, suggesting investors are willing to pay $12.31 for every dollar of earnings [4] - The price-to-sales ratio is about 0.72, indicating the stock is valued at less than one times its sales, while the enterprise value to sales ratio is around 0.69 [4] - The company's debt-to-equity ratio stands at approximately 0.72, reflecting a balanced approach to financing its assets [4][5]

We returned $76 million to shareholders in the quarter, $310 million year to date. Book value per diluted share, excluding AOCI, was $38.1, up 6%. Paul will go into greater detail on our financial performance. Turning to Slide five. Nearly all of our growth scorecard metrics were up for the quarter. As a reminder, our growth scorecard focuses on three key drivers of our performance: production, distribution, and investments in capital. I'll discuss each division in the next two slides. Paul will cover inves ...