Unlock stock picks and a broker-level newsfeed that powers Wall Street.

Brookfield Wealth Solutions announces Group Capital position of over $16 Billion

In This Article:

Brookfield Wealth Solutions
Brookfield Wealth Solutions

Group capital triples over two-year period

Financial strength underpins A ratings across life and annuity companies

BROOKFIELD, NEWS, March 04, 2025 (GLOBE NEWSWIRE) -- Brookfield Wealth Solutions (NYSE, TSX: BNT) today announced its year-end 2024 capital position with over $16 billion of group capital across its regulated insurance subsidiaries and holding companies. This strong capital position underpins the A financial strength ratings assigned to Brookfield Wealth Solutions’ life and annuity companies, and the investment grade ratings for its life and annuity holding company.

Brookfield Wealth Solutions’ group capital has tripled from $5.7 billion in 2022 to an estimated $16.1 billion in 2024 through a combination of retained earnings and capital contributions from Brookfield Corporation.

Sachin Shah, CEO, Brookfield Wealth Solutions, said: “With over 5,000 people dedicated every day to serving the needs of policyholders and retirees, we’ve been able to build a world-class wealth business that provides individuals with safe and secure retirement income. This past year has culminated in record levels of group and entity-level capital. This February we participated in the first group Supervisory College, where we had the opportunity to share details of our assets, reserves and capital position with our insurance regulators from eight jurisdictions. With our upcoming entrance into the UK insurance market, we look forward to continued prudent growth and an expanded Supervisory College in 2025.”

Summary of Group Capital

 

 

 

 

 

 

in USD, billions

 

 

 

 

 

 

 

 

 

 

 

 

 

Group / Entity

 

12/31/2022

 

12/31/2023

 

12/31/2024

Insurance Subsidiaries1

 

5.1

 

7.5

 

13.5

Group Holding Companies

 

0.7

 

1.5

 

2.6

Total Brookfield Wealth Solutions

 

5.7

 

9.0

 

16.1

1. Calculated on an aggregate basis in accordance with applicable insurance regulations.

 

About Brookfield Wealth Solutions

Brookfield Wealth Solutions Ltd. (NYSE, TSX: BNT) is focused on securing the financial futures of individuals and institutions through a range of retirement services, wealth protection products and tailored capital solutions. Each class A exchangeable limited voting share of Brookfield Wealth Solutions is exchangeable on a one-for-one basis with a class A limited voting share of Brookfield Corporation (NYSE, TSX: BN). For more information, visit bnt.brookfield.com or contact:

Media:

Investor Relations:

Kerrie McHugh

Rachel Schneider

Tel: (212) 618-3469

Tel: (416) 369-3358

Email: kerrie.mchugh@brookfield.com

Email: Rachel.schneider@brookfield.com

 

 

Non-GAAP and Performance Measures

We make reference to Brookfield Wealth Solutions’ group capital in this news release, which is calculated on an aggregate basis in accordance with applicable insurance regulations and is not derived from generally accepted accounting principles in the United States of America (“U.S. GAAP”). These references should not be considered in isolation from, or as a substitute for, financial measures calculated in accordance with U.S. GAAP. We caution readers that these non-GAAP financial measures or other financial metrics are not standardized under U.S. GAAP and may differ from the financial measures or other financial metrics disclosed by other businesses and, as a result, may not be comparable to similar measures presented by other issuers and entities. We provide additional information on key terms and non-GAAP measures in our filings available at bnt.brookfield.com.