Brookfield Wealth Solutions Announces Year End 2024 Results and Declares Quarterly Distribution Increase

About this update from Brookfield Wealth Solutions Ltd. Class A

[{"type":"text","content":"Brookfield Wealth Solutions Announces Year End 2024 Results and Declares Quarterly Distribution Increase\n\n\n\n BROOKFIELD, NEWS, Feb. 13, 2025 (GLOBE NEWSWIRE) -- Brookfield Wealth Solutions (NYSE, TSX: BNT) today announced financial results for the three months and year ended December 31, 2024.\n \n\n Sachin Shah, CEO of Brookfield Wealth Solutions, stated, “Our strong results for 2024 underscore our growth over the past year having doubled the size of the business in that time. Our scalable North American annuity platform, coupled with our leading investment capabilities, will serve as the foundation for our business as we expand internationally in 2025.”\n \n\n\n\n\n Unaudited\n \n\n\n As of and for the periods ended December 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 Year Ended\n \n\n\n\n\n\n\n\n\n 2024\n \n\n\n\n\n\n\n\n\n\n\n 2023\n \n\n\n\n\n\n\n\n\n\n\n 2024\n \n\n\n\n\n\n\n\n\n\n\n 2023\n \n\n\n\n\n\n\n Total assets\n \n\n\n $\n \n\n\n\n 140,460\n \n\n\n\n\n\n\n $\n \n\n 61,643\n \n\n\n\n\n\n\n $\n \n\n\n\n 140,460\n \n\n\n\n\n\n\n $\n \n\n 61,643\n \n\n\n\n\n\n Adjusted equity\n \n 1\n \n\n\n\n\n\n 12,872\n \n\n\n\n\n\n\n\n\n 8,969\n \n\n\n\n\n\n\n\n\n 12,872\n \n\n\n\n\n\n\n\n\n 8,969\n \n\n\n\n\n\n Distributable operating earnings\n \n 1\n \n\n\n\n\n\n 427\n \n\n\n\n\n\n\n\n\n 258\n \n\n\n\n\n\n\n\n\n 1,374\n \n\n\n\n\n\n\n\n\n 745\n \n\n\n\n\n\n Net income\n \n\n\n\n\n 576\n \n\n\n\n\n\n\n\n\n 453\n \n\n\n\n\n\n\n\n\n 1,247\n \n\n\n\n\n\n\n\n\n 797\n \n\n\n\n\n\n Net income per each class A share\n \n\n\n $\n \n\n\n\n 0.08\n \n\n\n\n\n\n\n $\n \n\n 0.07\n \n\n\n\n\n\n\n $\n \n\n\n\n 0.32\n \n\n\n\n\n\n\n $\n \n\n 0.28\n \n\n\n\n\n\n\n 1.   See Non-GAAP and Performance Measures on page 6 and a reconciliation from net income and reconciliation from equity on page 5.\n \n\n\n\n\n 2024 Highlights\n \n\n\n\n\n Completed the acquisition of American Equity Investment Life Holding Company (“AEL”), doubling the size of our business\n \n\n\n\n\n\n Deployed more than $17 billion across our investment portfolio at strong risk-adjusted returns\n \n\n\n\n\n\n Generated $19 billion in annuity and pension risk transfer (“PRT”) sales across the business, consisting of approximately $14 billion of retail annuity sales, ...

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