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BNT

Brookfield Wealth Solutions Ltd.

BNT

Brookfield Wealth Solutions Ltd. • NYSE
$46.96 ▲ 0.88% (+0.41)
Market Cap $14.46 B
52w High $49.44
52w Low $29.13
Dividend Yield 0.23%
P/E 11.48
Volume 8.55K
Outstanding Shares 307.83M

Income Statement

Period Revenue Operating Expense Net Income Net Profit Margin Earnings Per Share EBITDA
Q3-2025 $3.111B ▲ $384M ▼ $583M ▲ 18.74% ▲ $1.91 ▲ $869M ▲
Q2-2025 $2.906B ▲ $405M ▼ $501M ▲ 17.24% ▲ $1.76 ▲ $732M ▲
Q1-2025 $2.418B ▼ $455M ▲ $-326M ▼ -13.482% ▼ $-1.34 ▼ $-232M ▼
Q4-2024 $5.981B ▲ $428M ▼ $563M ▲ 9.413% ▲ $3.61 ▲ $1.071B ▲
Q3-2024 $2.75B $429M $52M 1.891% $0.16 $117M

Balance Statement

Period Cash & Short-term Total Assets Total Liabilities Total Equity
Q3-2025 $13.678B ▼ $152.821B ▲ $135.906B ▲ $16.287B ▲
Q2-2025 $30.805B ▼ $148.893B ▲ $133.054B ▲ $15.073B ▲
Q1-2025 $31.024B ▲ $141.612B ▲ $128.602B ▲ $12.239B ▲
Q4-2024 $29.005B ▲ $139.953B ▲ $126.877B ▲ $12.226B ▲
Q3-2024 $20.96B $137.112B $124.159B $12.104B

Cash Flow Statement

Period Net Income Cash From Operations Cash From Investing Cash From Financing Net Change Free Cash Flow
Q3-2025 $572.581M ▲ $438.115M ▼ $-3.222B ▼ $1.897B ▲ $-923.032M ▼ $422.434M ▼
Q2-2025 $501M ▲ $511M ▼ $2.755B ▲ $1.555B ▲ $4.83B ▲ $488M ▼
Q1-2025 $-282M ▼ $529M ▼ $-5.569B ▼ $1.054B ▲ $-3.982B ▼ $522M ▼
Q4-2024 $576M ▲ $2.251B ▲ $-4.243B ▼ $-431M ▼ $-2.384B ▼ $2.272B ▲
Q3-2024 $65M $879M $-1.254B $691M $292M $849M

Five-Year Company Overview

Income Statement

Income Statement Brookfield Wealth Solutions has moved from being a small, loss‑making business a few years ago to a fast‑growing, consistently profitable insurer. Revenue has climbed sharply each year as the company has scaled up its insurance and reinsurance activities. Profitability has improved as well, turning early losses into solid net income. Earnings per share have been quite volatile, which likely reflects changes in share count and deal activity rather than just changes in the underlying business. Overall, the trend points to a young company rapidly building scale, but still settling into a more stable earnings pattern. The main risk is that such rapid growth can bring lumpiness in results and higher sensitivity to market and investment conditions.

Balance Sheet

Balance Sheet The balance sheet has expanded quickly, reflecting large acquisitions and strong growth in written business. Total assets have multiplied many times over just a few years, moving BNT from a niche player to a sizable insurance platform. Equity has also built up steadily, suggesting that growth is not purely debt‑funded and that the company is retaining earnings to support future expansion. Debt has increased but remains modest compared with the overall asset base, implying a controlled use of leverage so far. Cash and liquid resources have grown meaningfully as well, which is important for an insurer handling long‑dated obligations. The key watchpoint is that a rapidly growing balance sheet in insurance always requires disciplined risk management and conservative reserving to avoid future surprises.

Cash Flow

Cash Flow Cash generation looks like a strength. Operating cash flow has been positive every year and has grown alongside the business, showing that reported earnings are largely backed by real cash coming in the door. Free cash flow is close to operating cash flow because capital spending needs are relatively low, which is typical for an insurance and asset‑light financial model. This combination—growing operating cash and limited capital intensity—gives BNT flexibility to fund acquisitions, build capital buffers, and support growth. The flip side is that cash flows in insurance can be influenced by timing of premiums, claims, and investment results, so the apparent strength still depends on the quality of underwriting and reserving over time.

Competitive Edge

Competitive Edge BNT’s main edge comes from its tight integration with the broader Brookfield group. Instead of competing mainly on price or brand like many traditional insurers, it competes by pairing insurance liabilities with access to differentiated, often private, long‑duration investments across infrastructure, real estate, renewable power, and private credit. This investment‑led model can be attractive for counterparties in reinsurance, pension risk transfer, and annuities, who value both yield and stability over long horizons. The Brookfield name, scale, and global relationships further support distribution and deal flow. Key competitive risks include reliance on the parent’s investment engine, exposure to performance of alternative assets, and the challenge of managing complex, global insurance and reinsurance books through different economic cycles. If investment performance or risk controls were to weaken, BNT’s core advantage could narrow quickly.

Innovation and R&D

Innovation and R&D Innovation at BNT is more about structure and strategy than about flashy technology. The company is innovating by embedding a sophisticated alternative‑asset investment platform inside an insurance chassis. This allows it to design tailored capital and risk solutions—such as reinsurance of difficult blocks of business, pension risk transfers, and specialized annuity structures—built around Brookfield’s investment strengths. Future innovation is likely to come from deeper use of data and analytics, including AI developed across the Brookfield ecosystem, to refine investment selection, risk management, and product design. The consolidation of credit activities under one umbrella also positions BNT to deliver more customized financing and insurance solutions to other insurers. The opportunity is large, but execution risk is meaningful, as the firm must integrate technology, complex investments, and long‑term insurance promises without overreaching.

Summary

Brookfield Wealth Solutions has quickly evolved from a very small base into a sizable, profitable, and cash‑generative insurance and reinsurance platform anchored by the Brookfield ecosystem. The income statement shows rapid growth and improving profitability, the balance sheet reflects a dramatic scale‑up with still‑manageable leverage, and cash flows are healthy and supportive of further expansion. Strategically, the company’s differentiation lies in its investment‑led model, using access to Brookfield’s global alternative assets to create distinctive insurance, annuity, and reinsurance offerings. This creates clear strengths in yield, structuring, and deal sourcing, but also ties BNT’s fortunes closely to the performance and risk management of complex, less liquid assets. Overall, BNT represents an aggressive growth story in a traditionally conservative industry. The main things to watch are the sustainability of its investment returns, the quality of its underwriting and reserving as the book grows, and its ability to safely expand into new geographies and product lines while preserving risk discipline.

NEWS

November 13, 2025 · 6:55 AM UTC

Brookfield Wealth Solutions Announces Third Quarter Results and Declares Regular Quarterly Distribution

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October 9, 2025 · 5:00 PM UTC

Brookfield Wealth Solutions Announces Completion Of Three-For-Two Stock Split

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September 30, 2025 · 5:00 PM UTC

Brookfield Wealth Solutions Signs First Reinsurance Agreement in Japan with Dai-ichi Frontier Life

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September 19, 2025 · 9:44 AM UTC

Brookfield Wealth Solutions Announces Just Shareholder Approval of Acquisition

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