BROOKFIELD, NEWS, Nov. 14, 2024 (GLOBE NEWSWIRE) -- Brookfield Wealth Solutions ((NYSE, TSX:BNT) today announced financial results for the quarter ended September 30, 2024. Sachin Shah, CEO, stated, "We generated strong returns in the quarter, led by $5 billion of investment redeployment at accretive risk-adjusted yields. Our investment capabilities combined with our strong retail annuities platform position us well for future growth." UnauditedAs of and for the periods ended September 30(US$ millions, except per share amounts)Three Months Ended Nine Months Ended 2024 2023 2024 2023Total assets$137,112 $51,177 $137,112 $51,177Adjusted equity1 11,434 7,251 11,434 7,251Distributable o
BROOKFIELD, NEWS, Aug. 08, 2024 (GLOBE NEWSWIRE) -- Brookfield Reinsurance ((NYSE, TSX:BNRE, BNRE.A)), soon to be renamed ‘Brookfield Wealth Solutions,' today announced financial results for the quarter ended June 30, 2024. Sachin Shah, CEO, stated, "We delivered strong operating results during the second quarter. With the closing of American Equity Life our asset base has doubled, our annuity sales are growing and we are well positioned for our next stage of growth." UnauditedAs of and for the periods ended June 30(US$ millions, except per share amounts)Three Months Ended Six Months Ended 2024 2023 2024 2023Total assets$130,533 $47,994 $130,533 $47,994Adjusted equity1 11,384 5,047 1
BROOKFIELD, NEWS, May 09, 2024 (GLOBE NEWSWIRE) -- Brookfield Reinsurance ((NYSE, TSX:BNRE, BNRE.A)) today announced financial results for the three months ended March 31, 2024. Sachin Shah, CEO of Brookfield Reinsurance, stated, "Our business continued to deliver strong financial results for the first quarter of 2024. With our recent acquisition of American Equity Life now complete, we've reached a significant milestone as one of the largest providers of annuities in North America. We are well positioned to scale our existing platform and offerings, diversify our retirement services capabilities, and lay the groundwork for the next phase of growth for our company." UnauditedAs at and for
BROOKFIELD, NEWS, Feb. 08, 2024 (GLOBE NEWSWIRE) -- Brookfield Reinsurance ((NYSE, TSX:BNRE, BNRE.A)) today announced financial results for the three months and year ended December 31, 2023. Sachin Shah, CEO of Brookfield Reinsurance, stated, "Our strong results for 2023 reflect the continued growth of our annuity sales platform, our broadening credit origination capabilities, and the repositioning of recently acquired assets that have contributed to increased investment returns. As we enter 2024, we continue to focus on scaling our business in a disciplined manner, focusing on our competitive advantages to grow our core business lines and delivering strong risk-adjusted returns." Unaudit
BROOKFIELD, NEWS, Nov. 09, 2023 (GLOBE NEWSWIRE) -- Brookfield Reinsurance ((NYSE, TSX:BNRE) today announced financial results for the quarter ended September 30, 2023. Sachin Shah, CEO of Brookfield Reinsurance, stated, "Our strong results for the third quarter reflect the continued build out of our operating platform and increased investment returns. As our business grows to $100 billion in assets in the near term, we are focused on further scaling across our core business lines, managing risk and driving investment yields and returns to our shareholders." UnauditedAs at and for the periods ended September 30(US$ millions, except per share amounts)Three Months Ended Nine Months Ended
BROOKFIELD, NEWS, Oct. 11, 2023 (GLOBE NEWSWIRE) -- Brookfield Reinsurance ((NYSE, TSX:BNRE) today announced that it has formally commenced its previously announced offer (the "Offer") whereby holders of Class A Limited Voting Shares ("BN Shares") of Brookfield Corporation ((NYSE, TSX:BN) have the opportunity to voluntarily exchange up to 40,000,000 BN Shares for newly-issued Brookfield Reinsurance Shares1 on a one-for-one basis. Brookfield Reinsurance is a "paired entity" to Brookfield Corporation, providing investors with an alternative, efficient means through which to hold an interest in Brookfield Corporation. It also enables the Offer to be structured so that the equity base and mar
BROOKFIELD, NEWS, Aug. 18, 2023 (GLOBE NEWSWIRE) -- Brookfield Reinsurance ((NYSE, TSX:BNRE) today announced its intention to commence an offer whereby holders of Class A Limited Voting Shares ("BN Shares") of Brookfield Corporation ((NYSE, TSX:BN) will have the opportunity to voluntarily exchange up to 40,000,000 BN Shares for newly-issued Brookfield Reinsurance Shares1 on a one-for-one basis. Brookfield Reinsurance is a "paired entity" to Brookfield Corporation, which enables the offer to be structured so that the equity base and market capitalization of Brookfield Reinsurance can be enhanced without any dilution to Brookfield Corporation or Brookfield Reinsurance shareholders. Sachin
BROOKFIELD, NEWS, Aug. 10, 2023 (GLOBE NEWSWIRE) -- Brookfield Reinsurance ((NYSE, TSX:BNRE) today announced financial results for the quarter ended June 30, 2023. Sachin Shah, CEO of Brookfield Reinsurance, stated, "The strength of our second quarter results are underpinned by significant investment portfolio redeployment and the execution of strategic initiatives post the acquisition of American National one year ago. Following the close of our announced transactions, our total insurance assets will be over $100 billion, representing an important milestone in the continued growth of a diversified insurance business of scale." UnauditedAs at and for the periods ended June 30(US$ millions
Brookfield Reinsurance ((NYSE, TSX:BNRE) and American Equity Investment Life Holding Company (NYSE:AEL) ("AEL") today announced that they have entered into a definitive agreement whereby Brookfield Reinsurance will acquire all of the outstanding shares of common stock of AEL it does not already own in a cash and stock transaction that values AEL at approximately $4.3 billion. As part of the agreement, each AEL shareholder will receive $55.00 per AEL share, consisting of $38.85 in cash and 0.49707 of a Brookfield Asset Management Ltd. ((NYSE, TSX:BAM) ("BAM") class A limited voting share ("BAM Shares") having a value equal to $16.15 (based on the undisturbed 90-day volume-weighted average
BROOKFIELD, NEWS, June 28, 2023 (GLOBE NEWSWIRE) -- Brookfield Reinsurance ((NYSE, TSX:BNRE) today announced that it has filed recast audited consolidated financial statements as of December 31, 2022 and December 31, 2021 and for each of the three years in the period ended December 31, 2022 and corresponding management's discussion and analysis (the "Recast Financial Statements"). The Recast Financial Statements have been prepared in connection with Brookfield Reinsurance's previously announced conversion of its accounting framework from International Financial Reporting Standards, as issued by the International Accounting Standards Board, to accounting principles generally accepted in the
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BROOKFIELD, NEWS, Nov. 14, 2024 (GLOBE NEWSWIRE) -- Brookfield Wealth Solutions ((NYSE, TSX:BNT) today announced financial results for the quarter ended September 30, 2024. Sachin Shah, CEO, stated, "We generated strong returns in the quarter, led by $5 billion of investment redeployment at accretive risk-adjusted yields. Our investment capabilities combined with our strong retail annuities platform position us well for future growth." UnauditedAs of and for the periods ended September 30(US$ millions, except per share amounts)Three Months Ended Nine Months Ended 2024 2023 2024 2023Total assets$137,112 $51,177 $137,112 $51,177Adjusted equity1 11,434 7,251 11,434 7,251Distributable o
BROOKFIELD, NEWS, Aug. 08, 2024 (GLOBE NEWSWIRE) -- Brookfield Reinsurance ((NYSE, TSX:BNRE, BNRE.A)), soon to be renamed ‘Brookfield Wealth Solutions,' today announced financial results for the quarter ended June 30, 2024. Sachin Shah, CEO, stated, "We delivered strong operating results during the second quarter. With the closing of American Equity Life our asset base has doubled, our annuity sales are growing and we are well positioned for our next stage of growth." UnauditedAs of and for the periods ended June 30(US$ millions, except per share amounts)Three Months Ended Six Months Ended 2024 2023 2024 2023Total assets$130,533 $47,994 $130,533 $47,994Adjusted equity1 11,384 5,047 1
BROOKFIELD, NEWS, July 22, 2024 (GLOBE NEWSWIRE) -- Brookfield Reinsurance ((NYSE, TSX:BNRE, BNRE.A)) today announced the approval of all items of business at the company's annual general and special meeting of shareholders. The meeting was held earlier today in a virtual meeting format. All five nominees proposed for election to the board of directors by holders of class A exchangeable limited voting shares ("class A shares") and all five nominees proposed for election to the board of directors by the holder of class B limited voting shares ("class B shares") were elected. Detailed results of the vote for the election of directors are set out below. Management receiv
BROOKFIELD, NEWS, June 27, 2024 (GLOBE NEWSWIRE) -- Brookfield Reinsurance ((NYSE, TSX:BNRE, BNRE.A)) today announced that its upcoming annual general and special meeting of shareholders will be held on July 22, 2024 at 10:30 a.m. (Eastern Daylight Time), in a virtual format whereby holders may attend and participate in the meeting via live webcast. At the meeting, in addition to more routine matters, we will be seeking approval from shareholders to change the name of our company from "Brookfield Reinsurance" to "Brookfield Wealth Solutions." We will also be seeking approval from shareholders to implement changes designed to simplify and enhance our capital structure, including a re-des
AM Best has placed under review with developing implications the Financial Strength Rating of A- (Excellent) and the Long-Term Issuer Credit Rating of "a-" (Excellent) of North End Re (Cayman) SPC (Cayman Islands) (NERC). Following the recent closure of Brookfield Reinsurance Ltd.'s (NYSE:BNRE, BNRE.A])) acquisition of American Equity Investment Life Holding Company (AEL) (NYSE:AEL), the strategy for subsidiary NERC is under review by AM Best. In 2021, prior to the acquisition, NERC entered into a reinsurance agreement with AEL affiliate American Equity Investment Life Insurance Company, whereby NERC agreed to assume up to $10 billion of fixed deferred annuities. NERC has managed the assu
BROOKFIELD, NEWS, May 09, 2024 (GLOBE NEWSWIRE) -- Brookfield Reinsurance ((NYSE, TSX:BNRE, BNRE.A)) today announced financial results for the three months ended March 31, 2024. Sachin Shah, CEO of Brookfield Reinsurance, stated, "Our business continued to deliver strong financial results for the first quarter of 2024. With our recent acquisition of American Equity Life now complete, we've reached a significant milestone as one of the largest providers of annuities in North America. We are well positioned to scale our existing platform and offerings, diversify our retirement services capabilities, and lay the groundwork for the next phase of growth for our company." UnauditedAs at and for
BROOKFIELD, NEWS, May 07, 2024 (GLOBE NEWSWIRE) -- Brookfield Reinsurance ((NYSE, TSX:BNRE, BNRE.A)) today announced that its wholly-owned operating subsidiary American Equity Investment Life Insurance Company ("AEL") has received an upgrade to its Insurer Financial Strength ("IFS") rating from S&P Global Ratings ("S&P") to "A" from "A-". The upgrade reflects AEL being core to the overall Brookfield Reinsurance group and benefitting from the strong capital position and earnings profile of Brookfield Reinsurance. American National Insurance Company's "A" IFS rating has been reaffirmed, with credit watch removed following the completion of Brookfield Reinsurance's acquisition of American
NEW YORK, May 1, 2024 /PRNewswire/ -- IAC Inc. (NASD: IAC) will replace American Equity Investment Life Holding Company (NYSE:AEL) in the S&P SmallCap 600 effective prior to the opening of trading on Monday, May 6. Brookfield Reinsurance (TSX:BNRE) is acquiring American Equity Investment Life Holding Company in a deal expected to be completed prior to the open on May 3. Following is a summary of the changes that will take place prior to the open of trading on the effective date: Effective Date Index Name Action Company Name Ticker GICS Sector May 6, 2024 S&P SmallCap 600 Addition IAC IAC Communication Services S&P SmallCap 600 Deletion American Equity Investment Life Holdings AEL Fin
Brookfield Reinsurance ((NYSE, TSX:BNRE) and American Equity Investment Life Holding Company (NYSE:AEL) ("AEL") today announced that the previously announced acquisition of AEL by Brookfield Reinsurance is expected to close following the close of market on May 2, 2024. About AEL At American Equity Investment Life Holding Company, our policyholders work with over 40,000 independent agents and advisors affiliated with independent market organizations (IMOs), banks and broker-dealers through our wholly-owned operating subsidiaries. Advisors and agents choose one of our leading annuity products best suited for their clients' personal needs to create financial dignity in retirement. To deliv
BROOKFIELD, NEWS, March 27, 2024 (GLOBE NEWSWIRE) -- Brookfield Reinsurance ((NYSE, TSX:BNRE, BNRE.A)) announced today the filing of its 2023 annual report, including audited financial statements for the year ended December 31, 2023, on Form 20-F with the SEC on EDGAR as well as with Canadian securities regulatory authorities on SEDAR. These documents are available at bnre.brookfield.com, on SEC's website at www.sec.gov and on SEDAR's website at www.sedar.com. Hard copies will be provided to shareholders free of charge upon request. About Brookfield Reinsurance Brookfield Reinsurance Ltd. ((NYSE, TSX:BNRE, BNRE.A)) operates a leading capital solutions business providing insurance and re
NEW YORK, May 1, 2024 /PRNewswire/ -- IAC Inc. (NASD: IAC) will replace American Equity Investment Life Holding Company (NYSE:AEL) in the S&P SmallCap 600 effective prior to the opening of trading on Monday, May 6. Brookfield Reinsurance (TSX:BNRE) is acquiring American Equity Investment Life Holding Company in a deal expected to be completed prior to the open on May 3. Following is a summary of the changes that will take place prior to the open of trading on the effective date: Effective Date Index Name Action Company Name Ticker GICS Sector May 6, 2024 S&P SmallCap 600 Addition IAC IAC Communication Services S&P SmallCap 600 Deletion American Equity Investment Life Holdings AEL Fin
6-K - Brookfield Reinsurance Ltd. (0001837429) (Filer)
25-NSE - Brookfield Reinsurance Ltd. (0001837429) (Subject)
6-K - Brookfield Reinsurance Ltd. (0001837429) (Filer)
6-K - Brookfield Reinsurance Ltd. (0001837429) (Filer)
6-K - Brookfield Reinsurance Ltd. (0001837429) (Filer)
6-K - Brookfield Reinsurance Ltd. (0001837429) (Filer)
6-K - Brookfield Reinsurance Ltd. (0001837429) (Filer)
6-K - Brookfield Reinsurance Ltd. (0001837429) (Filer)
6-K - Brookfield Reinsurance Ltd. (0001837429) (Filer)
6-K - Brookfield Reinsurance Ltd. (0001837429) (Filer)