NYSE : BNT
Brookfield Wealth Solutions Ltd. — Financial statements
Financials · Insurance - Diversified · Bermuda
Last price 39.45 USD (Oct 29, 2026, 4:00 PM EDT) · Market cap 14.11B
Overview · Financial statements · Key statistics · Dividends · Company profile · Price history · Reports
Financial statements
Income statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Premiums & Annuity Revenue | 4.81B | 4.49B | 8.27B | 4.14B | 3.01B | 1.02B |
| Total Interest & Dividend Income | 6.42B | 5.76B | 4.70B | 1.94B | 1.26B | 72.00M |
| Gain (Loss) on Sale of Investments | -377.00M | 485.00M | 369.00M | 425.00M | -80.00M | -55.00M |
| Other Revenue | 997.00M | 901.00M | 771.00M | 412.00M | 224.00M | 8.00M |
| Total Revenue | 11.85B | 11.63B | 14.10B | 6.91B | 4.41B | 1.04B |
| Policy Benefits | 7.64B | 6.56B | 10.04B | 4.63B | 3.09B | 1.12B |
| Policy Acquisition & Underwriting Costs | 1.43B | 1.42B | 1.24B | 632.00M | 371.00M | -30.00M |
| Selling, General & Administrative | 1.54B | 1.36B | 1.23B | 764.00M | 411.00M | 35.00M |
| Reinsurance Income or Expense | -5.00M | -5.00M | -26.00M | -21.00M | -13.00M | -11.00M |
| Total Operating Expenses | 10.62B | 9.35B | 12.53B | 6.04B | 3.89B | 1.14B |
| Operating Income | 1.24B | 2.29B | 1.57B | 869.00M | 527.00M | -100.00M |
| Interest Expense | -472.00M | -379.00M | -362.00M | -249.00M | -104.00M | -1.00M |
| Other Non Operating Income (Expenses) | -452.00M | -944.00M | 127.00M | 207.00M | 109.00M | -12.00M |
| EBT Excluding Unusual Items | 313.00M | 967.00M | 1.34B | 827.00M | 532.00M | -113.00M |
| Merger & Restructuring Charges | -42.00M | -127.00M | -13.00M | |||
| Pretax Income | 271.00M | 967.00M | 1.21B | 814.00M | 532.00M | -113.00M |
| Income Tax Expense | 95.00M | 104.00M | -34.00M | 17.00M | 31.00M | -1.00M |
| Earnings From Continuing Ops. | 176.00M | 863.00M | 1.25B | 797.00M | 501.00M | -112.00M |
| Minority Interest in Earnings | -51.00M | -97.00M | -33.00M | -1.00M | -2.00M | |
| Net Income | 125.00M | 766.00M | 1.21B | 796.00M | 499.00M | -112.00M |
| Net Income to Common | 125.00M | 766.00M | 1.21B | 796.00M | 499.00M | -112.00M |
| Shares Outstanding (Basic) | 357.59M | 332.66M | 363.87M | 218.20M | 75.83M | 51.67M |
| Shares Outstanding (Diluted) | 357.59M | 332.66M | 363.87M | 218.20M | 75.83M | 51.67M |
| EPS (Basic) | 0.35 | 2.30 | 3.34 | 3.65 | 6.58 | -2.17 |
| EPS (Diluted) | 0.35 | 2.30 | 3.34 | 3.65 | 6.58 | -2.17 |
| Free Cash Flow | 3.25B | 2.54B | 4.53B | 1.37B | 620.00M | 1.69B |
| Free Cash Flow Per Share | 9.10 | 7.65 | 12.45 | 6.29 | 8.18 | 32.65 |
| Dividend Per Share | 0.26 | 0.24 | 0.20 | 0.19 | 0.37 | 0.17 |
| Operating Margin | 10.44% | 19.68% | 11.17% | 12.57% | 11.94% | -9.61% |
| Profit Margin | 1.05% | 6.58% | 8.61% | 11.52% | 11.31% | -10.76% |
| Free Cash Flow Margin | 27.45% | 21.87% | 32.11% | 19.85% | 14.05% | 162.06% |
| EBITDA | 1.45B | 2.51B | 1.78B | 919.00M | 540.00M | -99.66M |
| EBITDA Margin | 12.26% | 21.56% | 12.63% | 13.30% | 12.24% | -9.57% |
| D&A For EBITDA | 216.00M | 218.00M | 206.00M | 50.00M | 13.00M | 336.00K |
| EBIT | 1.24B | 2.29B | 1.57B | 869.00M | 527.00M | -100.00M |
| EBIT Margin | 10.44% | 19.68% | 11.17% | 12.57% | 11.94% | -9.61% |
| Effective Tax Rate | 35.05% | 10.76% | 2.09% | 5.83% | ||
| Revenue as Reported | 11.85B | 11.63B | 14.10B | 6.91B | 4.41B | 1.04B |
Balance sheet
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Investments in Debt Securities | 96.66B | 64.21B | 53.80B | 18.78B | 16.32B | 3.70B |
| Investments in Equity & Preferred Securities | 6.92B | 7.97B | 3.85B | 3.66B | 1.25B | 831.00M |
| Policy Loans | 238.00M | 234.00M | 276.00M | 390.00M | 374.00M | |
| Other Investments | 27.24B | 14.95B | 14.97B | 8.88B | 4.24B | |
| Total Investments | 148.33B | 101.59B | 87.70B | 38.53B | 29.11B | 4.87B |
| Cash & Equivalents | 12.61B | 13.01B | 12.24B | 4.31B | 2.15B | 393.00M |
| Reinsurance Recoverable | 11.81B | 12.50B | 13.71B | 3.79B | 636.00M | 181.00M |
| Other Receivables | 11.61B | 9.93B | 6.71B | 2.19B | 1.92B | 599.00M |
| Deferred Policy Acquisition Cost | 11.90B | 11.68B | 10.70B | 2.47B | 1.58B | 776.00M |
| Separate Account Assets | 874.00M | 822.00M | 1.34B | 1.19B | 1.04B | |
| Property, Plant & Equipment | 317.00M | 290.00M | 272.00M | 294.00M | 194.00M | 2.00M |
| Goodwill | 1.40B | 783.00M | 783.00M | 121.00M | 121.00M | |
| Other Intangible Assets | 1.61B | 1.62B | 1.69B | 235.00M | 52.00M | 3.00M |
| Other Current Assets | 1.73B | 1.47B | 1.58B | 7.36B | 5.86B | 4.65B |
| Long-Term Deferred Tax Assets | 962.00M | 687.00M | 760.00M | 432.00M | 490.00M | 20.00M |
| Other Long-Term Assets | 2.54B | 2.78B | 2.46B | 730.00M | 306.00M | 4.00M |
| Total Assets | 205.70B | 157.18B | 139.95B | 61.64B | 43.46B | 11.49B |
| Accounts Payable | 57.00M | |||||
| Insurance & Annuity Liabilities | 155.55B | 114.14B | 101.17B | 35.18B | 22.70B | 8.50B |
| Unpaid Claims | 6.89B | 7.28B | 7.66B | 7.29B | 1.79B | |
| Unearned Premiums | 1.42B | 1.27B | 1.84B | 2.06B | 1.09B | |
| Reinsurance Payable | 5.90B | 75.00M | ||||
| Current Portion of Long-Term Debt | 1.21B | 912.00M | 1.00B | 1.28B | 1.81B | 657.00M |
| Short-Term Debt | 5.39B | |||||
| Long-Term Debt | 10.56B | 7.93B | 6.93B | 2.55B | 2.14B | 204.00M |
| Long-Term Leases | 10.00M | |||||
| Separate Account Liability | 874.00M | 822.00M | 1.34B | 1.19B | 1.04B | |
| Other Current Liabilities | 1.52B | 856.00M | 688.00M | 564.00M | 278.00M | 486.00M |
| Other Long-Term Liabilities | 4.44B | 6.05B | 6.24B | 2.69B | 2.44B | |
| Total Liabilities | 187.85B | 139.26B | 126.88B | 52.79B | 39.19B | 10.06B |
| Preferred Stock, Redeemable | 2.69B | 2.58B | ||||
| Common Stock | 15.06B | 13.64B | 9.97B | 5.18B | 1.89B | 1.50B |
| Retained Earnings | 2.35B | 2.82B | 2.05B | 945.00M | 310.00M | -48.00M |
| Comprehensive Income & Other | 102.00M | 1.12B | 204.00M | -120.00M | -523.00M | -16.00M |
| Total Common Equity | 17.51B | 17.59B | 12.23B | 6.01B | 1.68B | 1.44B |
| Minority Interest | 337.00M | 331.00M | 850.00M | 146.00M | 8.00M | |
| Shareholders' Equity | 17.85B | 17.92B | 13.08B | 8.85B | 4.26B | 1.44B |
| Total Liabilities & Equity | 205.70B | 157.18B | 139.95B | 61.64B | 43.46B | 11.49B |
| Filing Date Shares Outstanding | 357.59M | 332.68M | 263.33M | 167.17M | 55.36M | 39.90M |
| Total Common Shares Outstanding | 357.59M | 332.66M | 263.31M | 167.17M | 55.36M | 39.90M |
| Total Debt | 17.16B | 8.85B | 7.93B | 3.83B | 3.96B | 861.00M |
| Net Cash (Debt) | -4.55B | 4.17B | 4.31B | 482.00M | -1.82B | -468.00M |
| Net Cash Per Share | -12.73 | 12.53 | 11.85 | 2.21 | -23.99 | -9.06 |
| Book Value Per Share | 48.98 | 52.87 | 46.43 | 35.95 | 30.29 | 35.97 |
| Tangible Book Value | 14.50B | 15.18B | 9.75B | 5.65B | 1.50B | 1.43B |
| Tangible Book Value Per Share | 40.56 | 45.63 | 37.04 | 33.82 | 27.17 | 35.89 |
| Machinery | 1.00M |
Cash flow statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Net Income | 222.00M | 863.00M | 1.25B | 797.00M | 501.00M | -112.00M |
| Depreciation & Amortization | 216.00M | 218.00M | 206.00M | 50.00M | 13.00M | |
| Gain (Loss) on Sale of Investments | -1.04B | -1.49B | -1.67B | -820.00M | 106.00M | 28.00M |
| Reinsurance Recoverable | 1.31B | 1.28B | 1.19B | 186.00M | 50.00M | 22.00M |
| Change in Insurance Reserves / Liabilities | 994.00M | 888.00M | 2.50B | 3.34B | 1.53B | 5.47B |
| Change in Other Net Operating Assets | -99.00M | -512.00M | -414.00M | -1.96B | -1.09B | -2.78B |
| Other Operating Activities | 1.66B | 1.35B | 1.39B | -107.00M | -555.00M | -177.00M |
| Operating Cash Flow | 3.32B | 2.61B | 4.57B | 1.51B | 644.00M | 1.69B |
| Capital Expenditures | -71.00M | -69.00M | -40.00M | -135.00M | -24.00M | -1.00M |
| Sale of Property, Plant & Equipment | 3.00M | 34.00M | 91.00M | 5.00M | ||
| Cash Acquisitions | -42.00M | 10.84B | -346.00M | -4.09B | ||
| Investment in Securities | -11.02B | -8.00B | -5.60B | -221.00M | 1.03B | -3.27B |
| Other Investing Activities | 448.00M | 330.00M | 551.00M | -125.00M | 150.00M | -54.00M |
| Investing Cash Flow | -13.17B | -9.67B | 1.43B | -1.81B | -4.88B | -3.97B |
| Short-Term Debt Issued | 233.00M | 2.36B | 927.00M | 646.00M | 1.42B | |
| Long-Term Debt Issued | 4.38B | 4.79B | 2.24B | 5.26B | 860.00M | |
| Total Debt Issued | 9.19B | 4.61B | 7.15B | 3.17B | 5.90B | 2.28B |
| Total Debt Repaid | -5.63B | -3.41B | -7.28B | -3.34B | -3.36B | -1.05B |
| Net Debt Issued (Repaid) | 3.56B | 1.20B | -130.00M | -170.00M | 2.54B | 1.24B |
| Issuance of Common Stock | 450.00M | 1.41B | ||||
| Repurchases of Common Stock | -113.00M | -112.00M | -14.00M | -5.00M | -6.00M | -8.00M |
| Issuance of Preferred Stock | 2.51B | |||||
| Other Financing Activities | -488.00M | -630.00M | -46.00M | 1.00M | -15.00M | |
| Financing Cash Flow | 9.36B | 7.81B | 1.92B | 2.46B | 5.99B | 2.64B |
| Foreign Exchange Rate Adjustments | 4.00M | 19.00M | 11.00M | -8.00M | 1.00M | |
| Net Cash Flow | -482.00M | 771.00M | 7.93B | 2.16B | 1.75B | 358.00M |
| Free Cash Flow | 3.25B | 2.54B | 4.53B | 1.37B | 620.00M | 1.69B |
| Free Cash Flow Margin | 27.45% | 21.87% | 32.11% | 19.85% | 14.05% | 162.06% |
| Free Cash Flow Per Share | 9.10 | 7.65 | 12.45 | 6.29 | 8.18 | 32.65 |
| Levered Free Cash Flow | 3.63B | 5.80B | -4.74B | -4.42B | 3.71B | -3.97B |
| Unlevered Free Cash Flow | 3.92B | 6.04B | -4.52B | -4.27B | 3.77B | -3.97B |
| Free Cash Flow After Leases | 3.25B | 2.54B | 4.53B | 1.37B | 620.00M | 1.69B |
| Cash Interest Paid | 325.00M | 246.00M | 318.00M | 123.00M | 85.00M | 8.00M |
| Cash Income Tax Paid | 35.00M | -28.00M | 68.00M | 52.00M | ||
| Change in Working Capital | 2.21B | 1.66B | 3.27B | 1.56B | 496.00M | 1.93B |
Ratios
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Market Capitalization | 14.55B | 14.14B | 7.42B | 5.16B | 1.07B | 1.39B |
| Enterprise Value | 19.10B | 10.54B | 5.34B | 7.46B | 3.88B | 983.87M |
| PE Ratio | 116.39 | 18.47 | 6.11 | 6.48 | 2.14 | |
| PS Ratio | 1.18 | 1.22 | 0.53 | 0.75 | 0.24 | 1.33 |
| PB Ratio | 0.80 | 0.79 | 0.57 | 0.58 | 0.25 | 0.97 |
| P/FCF Ratio | 4.31 | 5.56 | 1.64 | 3.76 | 1.72 | 0.82 |
| P/OCF Ratio | 4.22 | 5.41 | 1.62 | 3.42 | 1.66 | 0.82 |
| EV/Sales Ratio | 1.57 | 0.91 | 0.38 | 1.08 | 0.88 | 0.94 |
| EV/EBITDA Ratio | 12.78 | 4.20 | 3.00 | 8.12 | 7.19 | |
| EV/EBIT Ratio | 15.01 | 4.60 | 3.39 | 8.59 | 7.36 | |
| EV/FCF Ratio | 5.71 | 4.14 | 1.18 | 5.44 | 6.26 | 0.58 |
| Debt / Equity Ratio | 0.96 | 0.49 | 0.61 | 0.43 | 0.93 | 0.60 |
| Debt / EBITDA Ratio | 11.81 | 3.53 | 4.45 | 4.16 | 7.03 | |
| Debt / FCF Ratio | 5.28 | 3.48 | 1.75 | 2.79 | 6.39 | 0.51 |
| Net Debt / Equity Ratio | 0.26 | -0.23 | -0.33 | -0.05 | 0.43 | 0.33 |
| Net Debt / EBITDA Ratio | 3.13 | -1.66 | -2.42 | -0.52 | 3.37 | -4.70 |
| Net Debt / FCF Ratio | 1.40 | -1.64 | -0.95 | -0.35 | 2.93 | 0.28 |
| Quick Ratio | 0.85 | 1.37 | 1.54 | 0.73 | 0.46 | 0.34 |
| Current Ratio | 1.76 | 2.81 | 2.99 | 1.75 | 1.09 | 3.39 |
| Asset Turnover | 0.07 | 0.08 | 0.14 | 0.13 | 0.16 | 0.16 |
| Return on Equity (ROE) | 1.04% | 5.57% | 11.38% | 12.16% | 17.58% | -14.76% |
| Return on Assets (ROA) | 0.44% | 0.96% | 0.98% | 1.03% | 1.20% | -0.97% |
| Return on Invested Capital (ROIC) | 2.65% | 8.56% | 9.35% | 8.14% | 9.43% | -8.41% |
| Earnings Yield | 0.86% | 5.42% | 16.36% | 15.43% | 46.75% | -8.06% |
| FCF Yield | 23.20% | 17.99% | 61.03% | 26.59% | 58.09% | 121.38% |
| Dividend Yield | 0.69% | 0.56% | 0.71% | 0.60% | 1.94% | 0.50% |
| Buyback Yield / Dilution | 16.13% | 8.58% | -66.76% | -187.75% | -46.76% | -50,899.67% |
| Total Shareholder Return | 16.84% | 9.14% | -66.05% | -187.14% | -44.82% | -50,899.17% |