Brookfield Wealth Solutions announces Group Capital position of over $16 Billion
Brookfield Wealth Solutions (NYSE, TSX: BNT) has reported a significant increase in its group capital position, reaching over $16 billion across its regulated insurance subsidiaries and holding companies by year-end 2024. The company's capital has tripled from $5.7 billion in 2022 to an estimated $16.1 billion in 2024, achieved through retained earnings and capital contributions from Brookfield
The robust capital position supports the company's A financial strength ratings for its life and annuity companies, along with investment grade ratings for its life and annuity holding company. With a workforce of over 5,000 employees focused on serving policyholders and retirees, the company recently participated in its first group Supervisory College, engaging with insurance regulators from eight jurisdictions. Brookfield Wealth Solutions is also preparing to enter the UK insurance market.
Brookfield Wealth Solutions (NYSE, TSX: BNT) ha riportato un significativo aumento della sua posizione di capitale di gruppo, superando i 16 miliardi di dollari attraverso le sue filiali assicurative regolamentate e le società di holding entro la fine del 2024. Il capitale dell'azienda è triplicato da 5,7 miliardi di dollari nel 2022 a un stimato 16,1 miliardi di dollari nel 2024, raggiunto attraverso utili trattenuti e contributi di capitale da Brookfield.
La robusta posizione di capitale supporta i rating di forza finanziaria A dell'azienda per le sue compagnie di vita e rendita, insieme ai rating di investimento per la sua società di holding di vita e rendita. Con una forza lavoro di oltre 5.000 dipendenti focalizzati sul servizio degli assicurati e dei pensionati, l'azienda ha recentemente partecipato al suo primo Collegio di Supervisione di gruppo, interagendo con i regolatori assicurativi di otto giurisdizioni. Brookfield Wealth Solutions si sta anche preparando ad entrare nel mercato assicurativo del Regno Unito.
Brookfield Wealth Solutions (NYSE, TSX: BNT) ha reportado un aumento significativo en su posición de capital grupal, alcanzando más de 16 mil millones de dólares a través de sus subsidiarias de seguros reguladas y empresas de holding para finales de 2024. El capital de la compañía se ha triplicado de 5.7 mil millones de dólares en 2022 a un estimado de 16.1 mil millones de dólares en 2024, logrado a través de ganancias retenidas y contribuciones de capital de Brookfield.
La sólida posición de capital respalda las calificaciones de fortaleza financiera A de la compañía para sus empresas de vida y anualidades, junto con calificaciones de grado de inversión para su empresa de holding de vida y anualidades. Con una fuerza laboral de más de 5,000 empleados enfocados en servir a los asegurados y jubilados, la compañía participó recientemente en su primer Colegio de Supervisión grupal, interactuando con reguladores de seguros de ocho jurisdicciones. Brookfield Wealth Solutions también se está preparando para ingresar al mercado de seguros del Reino Unido.
브룩필드 웰스 솔루션즈 (NYSE, TSX: BNT)는 2024년 연말까지 규제된 보험 자회사와 지주회사를 통해 160억 달러 이상의 그룹 자본 위치가 크게 증가했다고 보고했습니다. 회사의 자본은 2022년 57억 달러에서 3배 증가하여 2024년에는 약 161억 달러에 이를 것으로 예상됩니다. 이는 브룩필드의 유보 이익과 자본 기여를 통해 달성되었습니다.
견고한 자본 위치는 생명 및 연금 회사의 A 등급 금융 강도를 지원하며, 생명 및 연금 지주 회사에 대한 투자 등급도 포함됩니다. 5,000명 이상의 직원이 보험 가입자와 퇴직자를 위해 노력하고 있는 가운데, 회사는 최근 첫 번째 그룹 감독 대학에 참여하여 8개 관할권의 보험 규제 기관과 소통했습니다. 브룩필드 웰스 솔루션즈는 또한 영국 보험 시장에 진출할 준비를 하고 있습니다.
Brookfield Wealth Solutions (NYSE, TSX: BNT) a signalé une augmentation significative de sa position de capital de groupe, atteignant plus de 16 milliards de dollars à travers ses filiales d'assurance réglementées et ses sociétés de holding d'ici la fin de 2024. Le capital de l'entreprise a triplé par rapport à 5,7 milliards de dollars en 2022 pour atteindre un montant estimé à 16,1 milliards de dollars en 2024, réalisé grâce aux bénéfices non répartis et aux contributions en capital de Brookfield.
La solide position de capital soutient les notations de solidité financière A de l'entreprise pour ses compagnies d'assurance vie et d'annuités, ainsi que les notations de qualité d'investissement pour sa société de holding d'assurance vie et d'annuités. Avec une main-d'œuvre de plus de 5 000 employés axée sur le service des assurés et des retraités, l'entreprise a récemment participé à son premier Collège de Supervision de groupe, en interagissant avec des régulateurs d'assurance de huit juridictions. Brookfield Wealth Solutions se prépare également à entrer sur le marché de l'assurance au Royaume-Uni.
Brookfield Wealth Solutions (NYSE, TSX: BNT) hat einen signifikanten Anstieg seiner Kapitalposition erreicht, die bis Ende 2024 über 16 Milliarden Dollar in seinen regulierten Versicherungstöchtern und Holdinggesellschaften beträgt. Das Kapital des Unternehmens hat sich von 5,7 Milliarden Dollar im Jahr 2022 verdreifacht und wird auf 16,1 Milliarden Dollar im Jahr 2024 geschätzt, was durch einbehaltene Gewinne und Kapitalbeiträge von Brookfield erreicht wurde.
Die robuste Kapitalposition unterstützt die A-Rating für finanzielle Stärke des Unternehmens für seine Lebens- und Rentenversicherungsunternehmen sowie die Investment-Grade-Ratings für seine Lebens- und Rentenholdinggesellschaft. Mit einer Belegschaft von über 5.000 Mitarbeitern, die sich auf die Betreuung von Policeninhabern und Rentnern konzentrieren, nahm das Unternehmen kürzlich an seinem ersten Gruppenaufsichtskolleg teil und trat mit Versicherungsregulierungsbehörden aus acht Jurisdiktionen in Kontakt. Brookfield Wealth Solutions bereitet sich auch darauf vor, in den britischen Versicherungsmarkt einzutreten.
- Group capital tripled to $16.1B in 2024 from $5.7B in 2022
- Maintains A financial strength ratings
- Investment grade ratings for life and annuity holding company
- Expanding into UK insurance market
- None.
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
Brookfield Wealth Solutions’ group capital has tripled from
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.
Notice to Readers
This news release and any related oral statements made by our representatives may contain “forward-looking information” within the meaning of Canadian provincial securities laws, “forward-looking statements” within the meaning of Canadian provincial securities laws, “forward-looking statements” within the meaning of the U.S. Securities Act of 1933, the U.S. Securities Exchange Act of 1934, and “safe harbor” provisions of the United States Private Securities Litigation Reform Act of 1995 and in any applicable Canadian securities regulations (collectively, “forward-looking statements”). Forward-looking statements include statements that are predictive in nature, depend upon or refer to future results, events or conditions, and include, but are not limited to, statements which reflect management’s current estimates, assumptions and expectations regarding the operations, business, financial condition, expected financial results, performance, prospects, opportunities, priorities, targets, goals, ongoing objectives, strategies, capital management and outlook of Brookfield Wealth Solutions and its subsidiaries, as well as the outlook for international economies for the current fiscal year and subsequent periods.
In some cases, forward-looking statements can be identified by the use of the words such as “believes,” “thinks,” “expects,” “potential,” “anticipates,” “plans,” “believes,” “estimates,” “seeks,” “intends,” “targets,” “projects,” “foresees,” “forecasts,” or negative versions thereof and other similar expressions, or future or conditional verbs such as “may,” “will,” “should,” “would” and “could.” In particular, the forward-looking statements contained in this news release include statements regarding the growth of our business, the status of regulatory approvals including the anticipated timing thereof, the size of the U.K. pension market and opportunities relating thereto.
Although we believe that our anticipated future results, performance or achievements expressed or implied by the forward-looking statements and information are based upon reasonable estimates, assumptions and expectations, the reader should not place undue reliance on forward-looking statements and information because they involve known and unknown risks, uncertainties and other factors, many of which are beyond our control, which may cause the actual results, performance or achievements of Brookfield Wealth Solutions or its subsidiaries to differ materially from anticipated future results, performance or achievement expressed or implied by such forward-looking statements and information.
Factors that could cause actual results to differ materially from those contemplated or implied by forward-looking statements include, but are not limited to: (i) investment returns that are lower than target; (ii) the impact or unanticipated impact of general economic, political and market factors in the countries in which we do business; (iii) the behavior of financial markets, including fluctuations in interest and foreign exchange rates; (iv) global equity and capital markets and the availability of equity and debt financing and refinancing within these markets (v) litigation; (vi) changes in tax laws; (vii) ability to collect amounts owed; (viii) catastrophic events, such as earthquakes, hurricanes and epidemics/pandemics; (ix) the possible impact of international conflicts and other developments including terrorist acts and cyberterrorism; (x) the introduction, withdrawal, success and timing of business initiatives and strategies; (xi) the failure of effective disclosure controls and procedures and internal controls over financial reporting and other risks; (xii) health, safety and environmental risks; (xiii) the maintenance of adequate insurance coverage; (xiv) the existence of information barriers between certain businesses within Brookfield’s asset management operations; (xv) risks specific to our business segments; (xvi) factors detailed from time to time in our documents filed with the securities regulators in Canada and the United States; and (xvii) the failure to obtain and/or maintain required regulatory approvals. We caution that the foregoing list of important factors that may affect future results is not exhaustive and other factors could also adversely affect its results. Readers are urged to consider the foregoing risks, as well as other uncertainties, factors and assumptions carefully in evaluating the forward-looking information and are cautioned not to place undue reliance on such forward-looking information. Except as required by law, Brookfield Wealth Solutions undertakes no obligation to publicly update or revise any forward-looking statements or information, whether written or oral, whether as a result of new information, future events or otherwise.
Past performance is not indicative nor a guarantee of future results. There can be no assurance that comparable results will be achieved in the future, that future investments will be similar to the historic investments discussed herein, that targeted returns, growth objectives, diversification or asset allocations will be met or that an investment strategy or investment objectives will be achieved (because of economic conditions, the availability of investment opportunities or otherwise).
Readers are urged to consider the foregoing risks, as well as other uncertainties, factors and assumptions carefully in evaluating the forward-looking information and are cautioned not to place undue reliance on such forward-looking information.
FAQ
How much did Brookfield Wealth Solutions (BNT) increase its group capital position by 2024?
What credit ratings does Brookfield Wealth Solutions (BNT) maintain for its insurance operations?
How many employees does Brookfield Wealth Solutions (BNT) currently employ?
What new market is Brookfield Wealth Solutions (BNT) planning to enter in 2025?
