Brookfield Wealth Solutions Ltd.
BNT · Insurance Carriers, NEC · EDGAR filings ↗
Grade
C64Large, fast-scaling Brookfield-backed insurance/annuity franchise that is solidly profitable but earns only mid-single-digit returns on a swelling equity base.
Strengths
- Top-decile cash & investments (97.7th pct) and strong OCF margin (76.6th pct); net income $863M with assets up to $157B via AEL/Just acquisitions
- Brookfield sponsorship provides differentiated asset-sourcing and distribution
Risks
- ROE only ~5% on $16.8B adjusted equity — unremarkable for an insurer; revenue down 17.5% (11th pct) on fewer PRT jumbo deals
- Heavy acquisition/integration, reinsurance counterparty and interest-rate/FV reserve sensitivity
Notable findings
- Strong balance sheetStrong balance sheet — $13.5B cash & investments
- Revenue declineRevenue -17.5% YoY
Key metrics
Net margin
7.4%
Return on assets
0.5%
Revenue growth (QoQ)
-17.5%
Net-income growth
-30.8%
Cash & investments
$13.5B
Recent filings
| Form | Filed | Period | Accession |
|---|---|---|---|
| 20-F | 2026-03-26 | 2025-12-31 | 0001837429-26-000008 ↗ |
| 20-F | 2025-03-27 | 2024-12-31 | 0001837429-25-000009 ↗ |
| 20-F | 2024-03-28 | 2023-12-31 | 0001837429-24-000006 ↗ |
| 20-F | 2023-03-31 | 2022-12-31 | 0001837429-23-000008 ↗ |
| 20-F | 2022-03-23 | 2021-12-31 | 0001837429-22-000004 ↗ |