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Brookfield Wealth Solutions Announces Year End 2025 Results and Declares Quarterly Distribution Increase
Globenewswire· 2026-02-12 11:55
Core Insights - Brookfield Wealth Solutions reported strong financial performance for 2025, with significant growth in earnings and assets, and plans for further expansion through acquisitions and new initiatives [2][4][6]. Financial Performance - Total assets increased to $157.2 billion in 2025 from $140.0 billion in 2024 [4][10]. - Distributable operating earnings (DOE) for the year reached $1.7 billion, up from $1.4 billion in the previous year, reflecting a growth of 23.6% [4][14]. - Net income for 2025 was $863 million, a decrease from $1.2 billion in 2024, primarily due to unfavorable market conditions [5][13]. Earnings Breakdown - For the fourth quarter of 2025, DOE was $437 million, compared to $427 million in Q4 2024, indicating a slight increase of 2.3% [4][14]. - The net income for Q4 2025 was $21 million, down from $576 million in Q4 2024, influenced by market volatility [5][13]. Liquidity and Investments - The company maintains a strong liquidity position with approximately $35 billion in cash and short-term investments, and $26 billion in long-term liquid investments [6]. - In 2025, Brookfield deployed $13 billion into its originated strategies at an average yield of 8.5% [7]. Distribution and Shareholder Returns - The Board declared a 17% increase in the quarterly return of capital to $0.07 per class A and B share, amounting to $0.28 annually, payable on March 31, 2026 [7][8]. Strategic Initiatives - The company is progressing with international expansion, including the acquisition of Just Group plc, expected to close in the first half of 2026, and entering the Japanese reinsurance market [7][8].
Brookfield Wealth Solutions Announces Completion Of Three-For-Two Stock Split
Globenewswire· 2025-10-09 21:00
Core Points - Brookfield Wealth Solutions Ltd. has completed a three-for-two stock split of its class A exchangeable limited voting shares, effective from October 10, 2025 [1] - Each shareholder received one-half of a class A share for each class A share held, resulting in one additional class A share for every two shares held [1] - Fractional shares will be compensated in cash based on the closing price on the Toronto Stock Exchange as of the record date, October 3, 2025 [1] Company Overview - Brookfield Wealth Solutions Ltd. focuses on securing financial futures through retirement services, wealth protection products, and tailored capital solutions [2] - Each class A exchangeable limited voting share is exchangeable on a one-for-one basis with a class A limited voting share of Brookfield Corporation [2]
Brookfield Wealth Solutions Announces Results for Election of Directors
Globenewswire· 2025-06-11 01:28
Core Points - Brookfield Wealth Solutions announced the approval of all business items at its annual general and special meeting of shareholders held virtually [1] - All five nominees for the board of directors from both class A and class B shares were elected [2] Election Results - Class A shareholders voted as follows for the five nominated directors: - Dr. Soonyoung Chang: 23,747,124 votes (99.17% for, 0.83% withheld) - William Cox: 22,970,300 votes (95.92% for, 4.08% withheld) - Michele Coleman Mayes: 23,696,733 votes (98.96% for, 1.04% withheld) - Lars Rodert: 23,273,435 votes (97.19% for, 2.81% withheld) - Anne Schaumburg: 23,678,628 votes (98.88% for, 1.12% withheld) [3] - The holder of class B shares voted all 24,000 shares in favor of the five nominated directors: Barry Blattman, Gregory Morrison, Lori Pearson, Sachin Shah, and Jay Wintrob [3] Additional Approvals - All other matters presented at the meeting were approved by shareholder vote, with a summary of the votes to be available on EDGAR and SEDAR [4] Company Overview - Brookfield Wealth Solutions focuses on securing financial futures through retirement services, wealth protection products, and tailored capital solutions [5]
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].