- Brookfield Wealth Solutions Announces First Quarter Results and Corporate Simplification
May 14, 2026
Brookfield Wealth Solutions
BROOKFIELD, NEWS, May 14, 2026 (GLOBE NEWSWIRE) -- Brookfield Wealth Solutions (NYSE, TSX: BNT) today announced financial results for the three months ended March 31, 2026.
Sachin Shah, CEO of Brookfield Wealth Solutions, stated, “We have built a scaled and well capitalized insurance platform with a resilient portfolio of $180 billion insurance assets today. Our established U.S. platform continues to expand its product and distribution capabilities, and we are now a leader in the U.K. pension market. We look forward to further growing our international operations over time, with a focus on generating high-quality earnings and durable risk-adjusted returns for our business.”
Unaudited
As of and for the periods ended March 31
(US$ millions, except per share amounts) Three Months Ended 2026 2025 Total assets $ 156,059 $ 141,612 Distributable operating earnings1 438 437 Net loss (602 ) (282 ) Net income per each class A share2 $ 0.07 $ 0.06
1. See Non-GAAP and Performance Measures on page 7 and a reconciliation from net income (loss) on page 6.
2. Per share amounts have been adjusted to reflect the three-for-two stock split completed on October 9, 2025.
First Quarter Highlights
Significantly expanded our international operations, completing the acquisition of Just Group plc (“Just”), a leading provider of retirement services in the U.K. pension risk transfer and individual annuity markets. Originated $5 billion of sales across our retail annuity, pension and funding agreement channels, inclusive of Just. Deployed $4 billion into Brookfield originated strategies across our investment portfolio at an average target yield of 10%. Continued to optimize the synergies within our recently combined Property & Casualty (“P&C”) businesses, including rebranding the holding company for our P&C operating companies as Clearbrook Group Holdings Inc.
Operating Update
We recognized $438 million of distributable operating earnings (“DOE”) for the three months ended March 31, 2026, compared to $437 million in the prior year period. The current period DOE reflects higher net investment income within our Annuities segment from a larger asset base and asset repositioning, as well as continued improving underwriting results within our P&C segment. The growth in DOE across our Annuity and P&C businesses was partially offset by the absence of a one-time realized investment gain recognized in the prior year period within our Corporate & Other segment.
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We recorded a net loss of $602 million for the three months ended March 31, 2026, compared to a net loss of $282 million in the prior year period. The net loss was driven by unfavorable mark-to-market movements on public equity investment positions which have recovered since March 31, 2026.
Today, we are in a strong liquidity position, with approximately $36 billion of cash and short-term liquid investments across our investment portfolios, and another approximately $43 billion of long-term liquid investments. These liquid assets position us well to meet policyholder obligations and support the ongoing rotation of our portfolio into higher yielding investment strategies.
Regular Distribution Declaration
The Board declared a quarterly return of capital to $0.07 per class A share and class B share (representing $0.28 per annum), payable on June 30, 2026 to shareholders of record as at the close of business on June 15, 2026. This distribution is identical in amount per share and has the same payment date as the quarterly distribution announced today by Brookfield Corporation on the Brookfield class A shares.
Combination of BN and BNT
Over the last 18 months, Brookfield Corporation (NYSE, TSX: BN) has streamlined its corporate structure. Today, Brookfield Corporation announced the next step is the combination of BN and BNT.
When Brookfield Wealth Solutions was established in 2021 it was structured in a manner that enabled it to benefit from Brookfield Corporation’s capital base and investing capabilities. Over the past five years, the asset base has grown to close to $200 billion, inclusive of the recent Just acquisition. The proposed combination will provide our insurance operations with further direct access to Brookfield Corporation’s balance sheet and enhance capital efficiency and flexibility in optimizing our expansion over the long term.
The transaction is expected to be completed on a tax-efficient basis for most shareholders of both BN and BNT, and the combined business is expected to be listed on the TSX and NYSE and trade under the symbol “BN”.
We continue to refine the various details to implement the transaction and expect final review of the transaction by the Boards of Directors of BN and BNT to occur in the coming weeks. Subject to the approval of each Board, we intend to seek BN and BNT shareholder approvals on the transaction, as a special matter, at their respective 2026 annual general meetings, both scheduled for July 16, 2026.
Brookfield Corporation Operating Results
An investment in class A shares of our company is intended to be, as nearly as practicable, functionally and economically, equivalent to an investment in the Brookfield class A shares. A summary of Brookfield Corporation’s first quarter operating results is provided below:
Unaudited
For the periods ended March 31
(US$ millions, except per share amounts) Three Months Ended Last Twelve Months Ended 2026 2025 2026 2025 Net income of consolidated business1 $ 1,042 $ 215 $ 4,062 $ 1,549 Net income attributable to Brookfield shareholders2 102 73 1,336 612 Distributable earnings before realizations3 1,393 1,301 5,478 5,171 – Per Brookfield class A share3,4 0.59 0.55 2.32 2.18 Distributable earnings3 1,550 1,549 6,009 6,607 – Per Brookfield class A share3,4 0.66 0.65 2.54 2.78
1. Consolidated basis – includes amounts attributable to non-controlling interests.
2. Excludes amounts attributable to non-controlling interests.
3. See Reconciliation of Net Income to Distributable Earnings on page 6 and Non-IFRS and Performance Measures on page 9 of Brookfield Corporation’s press release dated May 14, 2026.
4. Per share amounts have been adjusted to reflect Brookfield Corporation’s three-for-two stock split completed on October 9, 2025.
Brookfield Corporation net income above is presented under IFRS. Given the economic equivalence, we expect that the market price of the class A shares of our company will be impacted significantly by the market price of the Brookfield class A shares and the business performance of Brookfield as a whole. In addition to carefully considering the disclosure made in this news release in its entirety, shareholders are strongly encouraged to carefully review Brookfield Corporation’s letter to shareholders, supplemental information and its other continuous disclosure filings. Investors, analysts and other interested parties can access Brookfield Corporation’s disclosure on its website under the Reports & Filings section at bn.brookfield.com.
Consolidated Balance Sheets
Unaudited
(US$ millions) March 31 December 31 2026 2025 Assets Cash, cash equivalents and short-term investments $ 10,768 $ 13,489 Investments 111,504 109,569 Reinsurance funds withheld 1,593 1,435 Accrued investment income 901 892 Deferred policy acquisition costs 11,846 11,683 Reinsurance recoverables and deposit assets 11,937 12,151 Other assets 7,510 7,962 Total assets 156,059 157,181 Liabilities and equity Policyholders’ account balances 94,081 92,992 Future policy benefits 15,917 16,249 Policy and contract claims 7,009 7,277 Market risk benefits 4,501 4,536 Deposit liabilities 1,403 1,419 Unearned premium reserve 1,397 1,272 Funds withheld for reinsurance liabilities 3,028 3,157 Corporate borrowings 789 628 Non-recourse borrowings 4,696 4,857 Other liabilities 6,347 6,877 Class A and class B 1,376 1,378 Class C 15,180 16,208 Non-controlling interest 335 16,891 331 17,917 Total liabilities and equity $ 156,059 $ 157,181
Consolidated Statements of Operations
Unaudited
For the periods ended March 31
(US$ millions) Three Months Ended 2026 2025 Net premiums and other policy revenue $ 872 $ 1,301 Net investment income, including funds withheld 1,471 1,429 Net investment gains (losses), including funds withheld (687 ) (112 ) Total revenues 1,656 2,618 Benefits and claims paid on insurance contracts (655 ) (1,107 ) Interest sensitive contract benefits (556 ) (524 ) Amortization of deferred policy acquisition costs (345 ) (339 ) Change in fair value of insurance-related derivatives and embedded derivatives (139 ) (200 ) Change in fair value of market risk benefits (139 ) (361 ) Other reinsurance expenses (1 ) (1 ) Operating expenses (369 ) (382 ) Interest expense (94 ) (73 ) Total benefits and expenses (2,298 ) (2,987 ) Net loss before income taxes (642 ) (369 ) Income tax recovery 40 87 Net loss $ (602 ) $ (282 ) Attributable to: Class A and class B shareholders1 $ 5 $ 4 Class C shareholder (614 ) (330 ) Non-controlling interest 7 44 $ (602 ) $ (282 )
1. Class A shares receive distributions at the same amount per share as the cash dividends paid on each Brookfield class A share.
Summarized Financial Results
Reconciliation of Net Income (Loss) to Distributable Operating Earnings
Unaudited
For the periods ended March 31
(US$ millions) Three Months Ended 2026 2025 Net loss $ (602 ) $ (282 ) Unrealized net investment losses (gains), including funds withheld 687 112 Mark-to-market losses (gains) on insurance contracts and other net assets 390 685 475 515 Deferred income tax recovery (136 ) (183 ) Transaction costs 46 41 Depreciation 53 64 Distributable operating earnings1 $ 438 $ 437
1. Non-GAAP measure – see Non-GAAP and Performance Measures on page 7.
Additional Information
The statements contained herein are based primarily on information that has been extracted from our financial statements for the quarter ended March 31, 2026, which have been prepared using generally accepted accounting principles in the United States of America (“US GAAP” or “GAAP”).
Brookfield Wealth Solutions’ Board of Directors have reviewed and approved this document, including the summarized unaudited consolidated financial statements prior to its release.
Information on our distributions can be found on our website under Stock & Distributions/Distribution History.
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, please visit our website at bnt.brookfield.com or contact:
Communications & Media:
Kerrie McHugh
Tel: (212) 618-3469
Email: kerrie.mchugh@brookfield.com Investor Relations:
Rachel Powell
Tel: (416) 956-5141
Email: rachel.powell@brookfield.com
Non-GAAP and Performance Measures
This news release and accompanying financial statements are based on US GAAP, unless otherwise noted.
We make reference to Distributable operating earnings. We define distributable operating earnings as net income after applicable taxes excluding the impact of depreciation and amortization, deferred income taxes related to basis and other changes, and breakage and transaction costs, as well as certain investment and insurance reserve gains and losses, including gains and losses related to asset and liability matching strategies, non-operating adjustments related to changes in cash flow assumptions for future policy benefits, and change in market risk benefits, and is inclusive of returns on equity invested in certain variable interest entities and our share of adjusted earnings from our investments in certain associates. Distributable operating earnings is a measure of operating performance. We use distributable operating earnings to assess our operating results.
We provide additional information on key terms and non-GAAP measures in our filings available at bnt.brookfield.com.
Notice to Readers
Brookfield Wealth Solutions Ltd. (“Brookfield Wealth Solutions” or “our” or “we”) is not making any offer or invitation of any kind by communication of this news release and under no circumstance is it to be construed as a prospectus or an advertisement.
This news release contains “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, Brookfield Corporation and their respective subsidiaries, as well as the outlook for North American and international economies for the current fiscal year and subsequent periods. In particular, the forward-looking statements contained in this news release include statements referring to the growth of our business, international expansion, including all statements relating to the proposed combination of Brookfield Corporation and Brookfield Wealth Solutions, the Just Acquisition, investment opportunities and expected future deployment of capital and financial earnings. In some cases, forward-looking statements can be identified by the use of forward-looking terminology such as “expects,” “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.” 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 Brookfield Corporation 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 and heightened inflationary pressures; (iv) global equity and capital markets and the availability of equity and debt financing and refinancing within these markets; (v) strategic actions including acquisitions and dispositions; the ability to complete and effectively integrate acquisitions into existing operations and the ability to attain expected benefits; (vi) changes in accounting policies and methods used to report financial condition (including uncertainties associated with critical accounting assumptions and estimates); (vii) the ability to appropriately manage human capital; (viii) the effect of applying future accounting changes; (ix) business competition; (x) operational and reputational risks; (xi) technological change; (xii) changes in government regulation and legislation within the countries in which we operate; (xiii) governmental investigations and sanctions; (xiv) litigation; (xv) changes in tax laws; (xvi) ability to collect amounts owed; (xvii) catastrophic events, including but not limited to, earthquakes, hurricanes, epidemics and pandemics; (xviii) the possible impact of international conflicts and other developments including terrorist acts and cyberterrorism; (xix) the introduction, withdrawal, success and timing of business initiatives and strategies; (xx) the failure of effective disclosure controls and procedures and internal controls over financial reporting and other risks; (xxi) health, safety and environmental risks; (xxii) the maintenance of adequate insurance coverage; (xxiii) the existence of information barriers between certain businesses within our asset management operations; (xxiv) risks specific to our business segments; and (xxv) factors detailed from time to time in our documents filed with the securities regulators in Canada and the United States.
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, that may be 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).
Certain of the information contained herein is based on or derived from information provided by independent third-party sources. While Brookfield Wealth Solutions believes that such information is accurate as of the date it was produced and that the sources from which such information has been obtained are reliable, Brookfield Wealth Solutions does not make any assurance, representation or warranty, express or implied, with respect to the accuracy, reasonableness or completeness of any of the information or the assumptions on which such information is based, contained herein, including but not limited to, information obtained from third parties, and undue reliance should not be put on them.
No statements contained herein with respect to tax consequences are intended to be, or should be construed to be, legal or tax advice, and no representation is made with respect to tax consequences. Shareholders are urged to consult their legal and tax advisors with respect to their circumstances.
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- Brookfield Wealth Solutions Announces First Quarter Results and Corporate Simplification
May 14, 2026 · globenewswire.com
BROOKFIELD, NEWS, May 14, 2026 (GLOBE NEWSWIRE) -- Brookfield Wealth Solutions (NYSE, TSX: BNT) today announced financial results for the three months ended March 31, 2026.
- BROOKFIELD WEALTH SOLUTIONS ANNOUNCES FIRST QUARTER RESULTS AND CORPORATE SIMPLIFICATION
May 14, 2026
BROOKFIELD, NEWS, MAY 14, 2026 (GLOBE NEWSWIRE) -- BROOKFIELD WEALTH SOLUTIONS (NYSE, TSX: BNT) TODAY ANNOUNCED FINANCIAL RESULTS FOR THE THREE MONTHS ENDED MARCH 31, 2026.
- Brookfield (BN) Has Quadrupled Its Capital Base in Three Years
Apr 28, 2026
Brookfield Corporation (NYSE:BN) is one of the best TSX stocks to buy according to hedge funds. On April 9, Brookfield Wealth Solutions Ltd., a subsidiary of Brookfield Corporation (NYSE:BN), announced that its total group capital reached $19.8 billion at year-end 2025. This is nearly quadruple from $5.7 billion in 2022.Brookfield (BN) Has Quadrupled Its Capital Base in Three Years
Studio Grand Ouest/Shutterstock.com
Brookfield Wealth Solutions (BWS) stated that $14.4 billion of the capital position was held within regulated insurance subsidiaries, up from $5.1 billion in 2022. The remaining $5.3 billion was held at the group holding company level, up from $0.7 billion in 2022.
BWS added that the capital growth has been primarily acquisition-driven. It said that most recently, on April 1, the company completed the acquisition of Just Group, a UK-based retirement specialist. The deal allowed BWS to expand its international presence in the life and annuity market.
Separately, on March 3, British Columbia Investment Management Corporation (BCI), Norges Bank Investment Management (NBIM), and Brookfield, a unit of Brookfield Corporation, jointly launched Northview Energy, a privately held renewable energy company. This new unit will acquire and own contracted, operating renewable assets across the US and Canada.
The three partners own Northview equally, and the total enterprise valued at approximately $2.6 billion at launch. Northview’s seed portfolio consists of 22 utility-scale solar and onshore wind assets with a combined operating capacity of 2.3 gigawatts. These were sourced from three Brookfield-managed renewable portfolio companies.
Brookfield Corporation (NYSE:BN) is a global alternative asset manager and owner-operator of real assets. The company’s investments span infrastructure, renewable power, real estate, and private equity. Through its asset management platform and affiliated listed partnerships, the company allocates capital across long-duration assets that generate fee-related earnings and investment income.
While we acknowledge the potential of BN as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.
READ NEXT: 10 Best 52-Week High US Stocks to Buy and 9 Must-Buy Penny Stocks to Invest In Now.
Disclosure: None. Follow Insider Monkey on Google News.
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- Intel Upgraded, Toyota Downgraded: Updated Rankings on Top Blue-Chip Stocks
Apr 27, 2026
During these busy times, it pays to stay on top of the latest profit opportunities. And today’s blog post should be a great place to start. After taking a close look at the latest data on institutional buying pressure and each company’s fundamental health, I decided to revise my Stock Grader recommendations for 120 big blue chips. Chances are that you have at least one of these stocks in your portfolio, so you may want to give this list a skim and act accordingly.
This Week’s Ratings Changes:
Upgraded: Strong to Very Strong
Symbol Company Name Quantitative Grade Fundamental Grade Total Grade APG APi Group Corporation A C A BKR Baker Hughes Company Class A A C A CBOE Cboe Global Markets Inc A B A CTRA Coterra Energy Inc. A C A CX Cemex SAB de CV Sponsored ADR A B A EME EMCOR Group, Inc. A B A EQT EQT Corporation A B A HAL Halliburton Company A B A INTC Intel Corporation A C A KLAC KLA Corporation A C A NXT Nextpower Inc. Class A A B A RCI Rogers Communications Inc. Class B A C A
Downgraded: Very Strong to Strong
Symbol Company Name Quantitative Grade Fundamental Grade Total Grade AGI Alamos Gold Inc. B B B BWXT BWX Technologies, Inc. A B B E Eni S.p.A. Sponsored ADR A C B ELAN Elanco Animal Health, Inc. A C B FTAI FTAI Aviation Ltd. A C B GSK GSK plc Sponsored ADR B B B HII Huntington Ingalls Industries, Inc. A C B HTHT H World Group Limited Sponsored ADR B B B ITUB Itau Unibanco Holding S.A. Sponsored ADR Pfd B B B JNJ Johnson & Johnson A C B RIO Rio Tinto plc Sponsored ADR A C B TEVA Teva Pharmaceutical Industries Limited Sponsored ADR A B B TIMB TIM S.A. Sponsored ADR A B B UTHR United Therapeutics Corporation A C B VALE Vale S.A. Sponsored ADR A C B VIK Viking Holdings Ltd B B B WWD Woodward, Inc. A B B
Upgraded: Neutral to Strong
Symbol Company Name Quantitative Grade Fundamental Grade Total Grade ARM ARM Holdings PLC Sponsored ADR B C B AWK American Water Works Company, Inc. B C B CEG Constellation Energy Corporation B D B CQP Cheniere Energy Partners, L.P. B B B DOV Dover Corporation B C B DOW Dow, Inc. B C B EGP EastGroup Properties, Inc. B C B EWBC East West Bancorp, Inc. B C B EXC Exelon Corporation B C B KNX Knight-Swift Transportation Holdings Inc. Class A B D B KO Coca-Cola Company B C B OKE ONEOK, Inc. B C B ONTO Onto Innovation, Inc. B D B PAC Grupo Aeroportuario del Pacifico SAB de CV Sponsored ADR Class B B B B PFG Principal Financial Group, Inc. B C B TRV Travelers Companies, Inc. B B B TXN Texas Instruments Incorporated B B B UNP Union Pacific Corporation B C B VFS VinFast Auto Ltd. B C B VZ Verizon Communications Inc. B C B WAB Westinghouse Air Brake Technologies Corporation B C B WM Waste Management, Inc. B C B WST West Pharmaceutical Services, Inc. B B B
Downgraded: Strong to Neutral
Symbol Company Name Quantitative Grade Fundamental Grade Total Grade ABBV AbbVie, Inc. B C C AS Amer Sports, Inc. C B C COR Cencora, Inc. C C C DAL Delta Air Lines, Inc. B D C DE Deere & Company C C C GD General Dynamics Corporation B C C GE GE Aerospace C B C H Hyatt Hotels Corporation Class A C C C HCA HCA Healthcare Inc B C C HIG Hartford Insurance Group, Inc. C C C ILMN Illumina, Inc. C B C ING ING Groep N.V. Sponsored ADR C B C KT KT Corporation Sponsored ADR C C C LMT Lockheed Martin Corporation B C C LUV Southwest Airlines Co. C C C MCK McKesson Corporation B C C MEDP Medpace Holdings, Inc. C C C MUFG Mitsubishi UFJ Financial Group, Inc. Sponsored ADR C C C NBIX Neurocrine Biosciences, Inc. C C C NMR Nomura Holdings, Inc. Sponsored ADR C C C NTRA Natera, Inc. C C C O Realty Income Corporation C C C PNC PNC Financial Services Group, Inc. C C C T AT&T Inc B C C TEL TE Connectivity plc C B C THC Tenet Healthcare Corporation C B C TXT Textron Inc. C C C
Upgraded: Weak to Neutral
Symbol Company Name Quantitative Grade Fundamental Grade Total Grade AMZN Amazon.com, Inc. C C C APTV Aptiv PLC C C C CBRE CBRE Group, Inc. Class A D B C CNI Canadian National Railway Company C C C COST Costco Wholesale Corporation C C C CP Canadian Pacific Kansas City Limited C C C DHI D.R. Horton, Inc. C C C EW Edwards Lifesciences Corporation D C C FTV Fortive Corp. C C C HBAN Huntington Bancshares Incorporated D C C MSCI MSCI Inc. Class A C C C NWS News Corporation Class B D C C NXPI NXP Semiconductors NV C C C SEIC SEI Investments Company D B C WRB W. R. Berkley Corporation D C C
Downgraded: Neutral to Weak
Symbol Company Name Quantitative Grade Fundamental Grade Total Grade AXP American Express Company D C D BABA Alibaba Group Holding Limited Sponsored ADR D D D BNT Brookfield Wealth Solutions Ltd. Class A D C D CCK Crown Holdings, Inc. D C D CG Carlyle Group Inc D C D CRH CRH public limited company D C D HEI HEICO Corporation D C D HON Honeywell International Inc. D C D IBM International Business Machines Corporation D C D IR Ingersoll Rand Inc. D C D MKL Markel Group Inc. D C D OMC Omnicom Group Inc D D D PSKY Paramount Skydance Corporation Class B D D D RCL Royal Caribbean Group D C D SUZ Suzano S.A. Sponsored ADR D C D TM Toyota Motor Corp. Sponsored ADR D C D TMO Thermo Fisher Scientific Inc. D C D WSM Williams-Sonoma, Inc. D C D
Upgraded: Very Weak to Weak
Symbol Company Name Quantitative Grade Fundamental Grade Total Grade CDW CDW Corporation F C D HRL Hormel Foods Corporation F C D KMB Kimberly-Clark Corporation F C D ROP Roper Technologies, Inc. F C D VRSK Verisk Analytics, Inc. F C D
Downgraded: Weak to Very Weak
Symbol Company Name Quantitative Grade Fundamental Grade Total Grade CRBG Corebridge Financial, Inc. F C F RACE Ferrari NV F C F TSCO Tractor Supply Company F C F
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To learn more about my premium service, Growth Investor, and get my latest picks, go here. Or, if you are a member of one of my premium services, you can go here to get started.
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Louis Navellier
Editor, Market 360
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- Brookfield Wealth Solutions Reports $20 Billion of Capital Backing Insurance Companies
Apr 9, 2026
Brookfield Wealth Solutions
Strong financial position supports ‘A’ ratings across life and annuity companies and underpins continued global expansion
BROOKFIELD NEWS, April 09, 2026 (GLOBE NEWSWIRE) -- Brookfield Wealth Solutions Ltd. (NYSE, TSX: BNT) today announced its year-end 2025 capital position with nearly $20 billion of group capital across its regulated insurance subsidiaries and holding companies.
Brookfield Wealth Solutions’ total capital has grown from $5.7 billion in 2022 to $19.8 billion at year-end 2025 driven by its successful acquisition strategy and retained earnings.
This robust capital position supports Brookfield Wealth Solutions’ commitment to provide financial security to policyholders across market cycles. With this level of financial resilience, Brookfield Wealth Solutions maintains the flexibility to expand its life and annuity and property/casualty platforms globally.
Statutory filings made by Brookfield Wealth Solutions’ insurance subsidiaries show continued capital growth and enhanced financial resilience at its regulated companies. This groupwide and entity-level resilience has been recognized through the “A” financial strength ratings assigned to Brookfield Wealth Solutions’ U.S. life and annuity companies, and the upgraded financial strength ratings at Blumont Annuity Company (Canada), along with stable ratings for its property and casualty businesses Argo and Farm Family.
Sachin Shah, CEO of Brookfield Wealth Solutions, said: “We have built a scaled and well-capitalized insurance platform with a resilient investment portfolio and disciplined growth model. Brookfield Wealth Solutions’ businesses in the U.S. and Canada are established leaders, and we are building on that foundation through our growing presence in the U.K. and Japan.”
Summary of Group Capital In USD, billions Group / Entity 12/31/2022 12/31/2023 12/31/2024 12/31/2025 Insurance Subsidiaries1 $ 5.1 $ 7.5 $ 13.5 $ 14.4 Group Holding Companies 0.7 1.5 2.6 5.3 Total Brookfield Wealth Solutions $ 5.7 $ 9.0 $ 16.1 $ 19.8
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).
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For more information, please visit our website at bnt.brookfield.com
Brookfield Media: Brookfield Investor Relations: Kerrie McHugh
Email: kerrie.mchugh@brookfield.com
Tel: (212) 618-3469 Rachel Powell
Email: rachel.powell@brookfield.com
Tel: (416) 956-5141
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 forward-looking terminology 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 Just’s future capital strength and its ability to identify future growth opportunities constitute forward-looking statements.
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 and heightened inflationary pressures; (iv) global equity and capital markets and the availability of equity and debt financing and refinancing within these markets; (v) strategic actions including acquisitions and dispositions; (vi) the ability to complete and effectively integrate acquisitions into existing operations and the ability to attain expected benefits; (vii) changes in accounting policies and methods used to report financial condition (including uncertainties associated with critical accounting assumptions and estimates); (viii) the ability to appropriately manage human capital; (ix) the effect of applying future accounting changes; (x) business competition; (xi) operational and reputational risks; (xii) technological change; (xiii) changes in government regulation and legislation within the countries in which we operate; (xiv) governmental investigations and sanctions; (xv) litigation; (xvi) changes in tax laws; (xvii) ability to collect amounts owed; (xviii) catastrophic events, including but not limited to, earthquakes, hurricanes, epidemics and pandemics; (xix) the possible impact of international conflicts and other developments including terrorist acts and cyberterrorism; (xx) the introduction, withdrawal, success and timing of business initiatives and strategies; (xxi) the failure of effective disclosure controls and procedures and internal controls over financial reporting and other risks; (xxii) health, safety and environmental risks; (xxiii) the maintenance of adequate insurance coverage; (xix) the existence of information barriers between certain businesses within our asset management operations; (xxv) risks specific to our business segments; and (xxvi) factors detailed from time to time in our documents filed with the securities regulators in Canada and the United States.
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).
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- Assessing Brookfield Wealth Solutions (BNT) Valuation After Its Rebrand And Premium P/E Multiple
Apr 9, 2026
Make better investment decisions with Simply Wall St's easy, visual tools that give you a competitive edge.
Why Brookfield Wealth Solutions is on investors' radar
Brookfield Wealth Solutions (BNT) has attracted fresh attention after its recent rebrand from Brookfield Reinsurance, prompting investors to reassess a business that now reports US$11.6b in revenue and US$766m in net income.
See our latest analysis for Brookfield Wealth Solutions.
At a latest share price of US$43.04, Brookfield Wealth Solutions has seen short term share price pressure, with a 90 day share price return of 10%. The 1 year and 3 year total shareholder returns of 28.82% and 104.99% indicate a much stronger longer term outcome, suggesting recent moves reflect shifting expectations around growth and risk after the rebrand and business update.
If this rebrand has you reassessing your portfolio, it could be a good moment to broaden your search and check out 19 top founder-led companies
With Brookfield Wealth Solutions trading at US$43.04 and an estimated intrinsic value gap of about 2%, the question is simple: is this a rare mispricing, or has the market already priced in future growth?
Preferred P/E of 18.7x: Is it justified?
Brookfield Wealth Solutions is trading at a P/E of 18.7x, while the SWS DCF model suggests a fair value of about $43.96 per share versus the last close of $43.04, and the stock is described as trading at roughly 2.1% below that estimate.
The P/E ratio compares the current share price with earnings per share and is a quick way to see how much investors are paying for each dollar of profit. For an insurance and wealth protection group like Brookfield Wealth Solutions, this often reflects how the market views the stability and quality of its earnings across annuities, property and casualty, and life insurance.
In this context, the 18.7x P/E is described as expensive versus both the peer group average of 13.9x and the broader US insurance industry on 11.4x. This suggests investors are currently paying a premium for Brookfield Wealth Solutions relative to sector earnings. With the company flagged as trading only slightly below the SWS DCF fair value estimate, that premium multiple points to the market assigning a higher value to its current and past earnings quality rather than a clear discount to intrinsic value.
Against peers on 13.9x and the wider US insurance industry on 11.4x, the gap is wide and the language used is unambiguous. Brookfield Wealth Solutions is described as expensive on earnings compared with both direct peers and the broader sector.
Story Continues
See what the numbers say about this price — find out in our valuation breakdown.
Result: Price-to-earnings of 18.7x (OVERVALUED)
However, there are clear risks, including potential pressure if earnings do not support an 18.7x P/E and greater volatility as the new wealth solutions story beds down.
Find out about the key risks to this Brookfield Wealth Solutions narrative.
Another view: DCF keeps things grounded
While the 18.7x P/E points to an expensive stock, the SWS DCF model suggests a fair value of about $43.96 per share, only 2.1% above the current $43.04 price. So is the premium multiple a warning sign, or is the DCF hinting at a fairly tight range around fair value?
For a closer look at how this cash flow based view stacks up, Look into how the SWS DCF model arrives at its fair value.BNT Discounted Cash Flow as at Apr 2026
Simply Wall St performs a discounted cash flow (DCF) on every stock in the world every day (check out Brookfield Wealth Solutions for example). We show the entire calculation in full. You can track the result in your watchlist or portfolio and be alerted when this changes, or use our stock screener to discover 64 high quality undervalued stocks. If you save a screener we even alert you when new companies match - so you never miss a potential opportunity.
Next Steps
With the mixed signals on valuation and sentiment, the real question is how you read the balance of risk and reward. Take a moment to review the numbers yourself and then weigh up the 1 key reward and 1 important warning sign
Looking for more investment ideas?
If Brookfield Wealth Solutions has caught your interest, do not stop there. Casting a wider net across quality ideas can help you spot opportunities others overlook.
Scan for quality at a discount by checking companies trading below intrinsic value with strong fundamentals using 64 high quality undervalued stocks. Strengthen the income side of your portfolio by reviewing potential high yield payers through the 12 dividend fortresses. Prioritise resilience and capital protection by focusing on companies that score well on stability using the 72 resilient stocks with low risk scores.
This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
Companies discussed in this article include BNT.
Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team@simplywallst.com
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- Brookfield Wealth Solutions Reports $20 Billion of Capital Backing Insurance Companies
Apr 9, 2026 · globenewswire.com
Strong financial position supports ‘A' ratings across life and annuity companies and underpins continued global expansion Strong financial position supports ‘A' ratings across life and annuity companies and underpins continued global expansion
- BROOKFIELD WEALTH SOLUTIONS REPORTS $20 BILLION OF CAPITAL BACKING INSURANCE COMPANIES
Apr 9, 2026
STRONG FINANCIAL POSITION SUPPORTS ‘A' RATINGS ACROSS LIFE AND ANNUITY COMPANIES AND UNDERPINS CONTINUED GLOBAL EXPANSION STRONG FINANCIAL POSITION SUPPORTS ‘A' RATINGS ACROSS LIFE AND ANNUITY COMPANIES AND UNDERPINS CONTINUED GLOBAL EXPANSION
- Is Brookfield Wealth Solutions (BNT) Fairly Priced After Mixed Returns And Sector Sentiment Shifts
Apr 9, 2026
Never miss an important update on your stock portfolio and cut through the noise. Over 7 million investors trust Simply Wall St to stay informed where it matters for FREE.
If you are wondering whether Brookfield Wealth Solutions is attractively priced or already reflecting the story in its share price, you will want to look closely at what current valuation signals are saying. The stock last closed at US$43.04, with returns of 2.9% over the past week, 2.5% over the past month, a 7.8% decline year to date, and 28.8% over the past year. This suggests shifting expectations and risk views over different time frames. Recent news flow around Brookfield Wealth Solutions has centered on its position within the broader insurance sector and how investors view its business mix compared with listed peers. Coverage has highlighted how sector wide sentiment and company specific developments can influence the kind of re-rating or de-rating that shows up in these mixed return figures. Right now the company scores just 1 out of 6 on Simply Wall St's valuation checks. The following sections break down what traditional metrics like P/E and discounted cash flow indicate about that number, and then conclude with a broader way to think about value that goes beyond a single score.
Brookfield Wealth Solutions scores just 1/6 on our valuation checks. See what other red flags we found in the full valuation breakdown.
Approach 1: Brookfield Wealth Solutions Excess Returns Analysis
The Excess Returns model looks at how much profit a company generates over and above the return that shareholders could reasonably require, then ties that back to the value of its equity base.
For Brookfield Wealth Solutions, the model starts with a Book Value of US$52.87 per share and a Stable EPS of US$3.09 per share, based on the median return on equity from the past 5 years. The implied Cost of Equity is US$3.02 per share, so the estimated Excess Return is US$0.07 per share. That excess is being earned on an Average Return on Equity of 7.33%, applied to a Stable Book Value of US$42.15 per share, which is taken from the median book value over the same period.
When those excess returns are projected and capitalised, the Excess Returns model arrives at an intrinsic value of about US$43.96 per share. Compared with the recent share price of US$43.04, this points to roughly a 2.1% discount, which is a very small gap.
Result: ABOUT RIGHT
Brookfield Wealth Solutions is fairly valued according to our Excess Returns, but this can change at a moment's notice. Track the value in your watchlist or portfolio and be alerted on when to act.
Story Continues
BNT Discounted Cash Flow as at Apr 2026
Head to the Valuation section of our Company Report for more details on how we arrive at this Fair Value for Brookfield Wealth Solutions.
Approach 2: Brookfield Wealth Solutions Price vs Earnings
For a profitable company, the P/E ratio is a useful shorthand for how much investors are paying for each dollar of earnings. It reflects what the market is willing to pay for the current profit stream, based on how dependable those earnings look.
What counts as a “normal” or “fair” P/E depends on what investors expect for future growth and how much risk they see. Higher expected growth or lower perceived risk can support a higher P/E, while lower growth or higher risk usually points to a lower P/E.
Brookfield Wealth Solutions currently trades on a P/E of 18.69x. That is above the Insurance industry average P/E of 11.40x and also above the peer group average of 13.87x. On simple comparisons, the stock is priced at a richer multiple than many sector peers.
Simply Wall St’s Fair Ratio is a proprietary estimate of what a company’s preferred multiple “should” be, given its earnings growth profile, industry, profit margins, market cap and risk characteristics. This Fair Ratio can be more informative than a basic peer or industry comparison because it adjusts for the specific mix of growth, quality and risk for each company.
For Brookfield Wealth Solutions, the Fair Ratio is not available, so it is not possible to use this framework to judge whether the current 18.69x P/E looks high, low or about right.
Result: ABOUT RIGHTNYSE:BNT P/E Ratio as at Apr 2026
P/E ratios tell one story, but what if the real opportunity lies elsewhere? Start investing in legacies, not executives. Discover our 19 top founder-led companies.
Upgrade Your Decision Making: Choose your Brookfield Wealth Solutions Narrative
Earlier it was mentioned that there is an even better way to understand valuation, so this is where Narratives come in as a simple way to connect your view of Brookfield Wealth Solutions with the numbers you see on screen.
A Narrative is your story about the company, written in terms of what you think is a fair value today and what you expect for its future revenue, earnings and margins, so that the story and the financials are always linked.
On Simply Wall St’s Community page, Narratives let you turn that story into a clear forecast and fair value, then compare that fair value with the current share price to help you decide whether the stock looks attractive, fully priced or expensive based on your own assumptions.
Narratives on the platform update when new information such as earnings releases or news is added, so your view of Brookfield Wealth Solutions can stay aligned with the latest data, and you can see, for example, one investor assigning a much higher fair value than another investor who uses more conservative revenue and margin estimates for the very same company.
Do you think there's more to the story for Brookfield Wealth Solutions? Head over to our Community to see what others are saying!NYSE:BNT 1-Year Stock Price Chart
This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
Companies discussed in this article include BNT.
Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team@simplywallst.com
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