Brookfield Wealth Solutions Announces First Quarter Results and Declares Quarterly Distribution

About this update from Brookfield Wealth Solutions Ltd. Class A

[{"type":"text","content":"Brookfield Wealth Solutions Announces First Quarter Results and Declares Quarterly Distribution\n\n\n\n BROOKFIELD, NEWS, May 08, 2025 (GLOBE NEWSWIRE) -- Brookfield Wealth Solutions (NYSE, TSX: BNT) today announced financial results for the three months ended March 31, 2025.\n \n\n Sachin Shah, CEO of Brookfield Wealth Solutions, stated, “Our business is off to a strong start in 2025. We have entered the U.K. market and begun offering new products that expand our asset base while maintaining our fundamental objective of generating high-quality earnings and durable risk-adjusted returns within our business.”\n \n\n\n\n\n Unaudited\n \n\n\n As of and for the periods ended\n \n\n March 31\n \n\n\n (US$ millions, except per share amounts)\n \n\n\n\n\n Three Months Ended\n \n\n\n\n\n\n\n\n\n 2025\n \n\n\n\n\n\n\n\n\n\n\n 2024\n \n\n\n\n\n Total assets\n \n\n\n $\n \n\n\n\n 141,612\n \n\n\n\n\n\n\n $\n \n\n 63,113\n \n\n\n\n Distributable operating earnings\n \n 1\n \n\n\n\n\n\n 437\n \n\n\n\n\n\n\n\n\n 279\n \n\n\n\n Net income (loss)\n \n\n\n\n\n (282\n \n\n\n\n )\n \n\n\n\n\n\n\n 337\n \n\n\n\n Net income per each class A share\n \n\n\n $\n \n\n\n\n 0.09\n \n\n\n\n\n\n\n $\n \n\n 0.08\n \n\n\n\n\n 1. See Non-GAAP and Performance Measures on page 6 and a reconciliation from net income on page 5.\n \n\n\n\n First Quarter Highlights\n \n\n\n\n\n Launched our U.K. pension risk transfer business under Blumont Annuity UK in late March, following a comprehensive authorization process and expect to be active in the market in 2025\n \n\n\n\n\n\n Deployed $3 billion into Brookfield originated strategies across our investment portfolio at returns greater than 8%\n \n\n\n\n\n\n Completed our first funding agreement-backed note (“FABN”) issuance at American National for $500 million\n \n\n\n\n\n\n Originated $4 billion of annuity sales during the quarter across our retail, PRT and FABN channels\n \n\n\n\n\n\n Our Property and Casualty float remained stable at approximately $8 billion, providing us with investment flexibility and risk diversification\n \n\n\n\n\n\n Operating Update\n \n\n We recognized $437 million of distributable operating earnings (“DOE”) for the three months ended March 31, 2025, compared to $279 million in the prior year period. The increase in earnings for the current pe...

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