A Bermuda-based insurance and retirement company that sells annuities, life insurance, and property and casualty coverage to individuals and institutions, using investment strategies to back its policies. It was born in 2021 when Brookfield Corporation spun off its reinsurance arm as a public company, and it was renamed Brookfield Wealth Solutions in 2024 to reflect its wider focus. The name "Brookfield" traces to a Canadian-built utility in Brazil dating back to 1899.
Brookfield Wealth Solutions reports Q2 2026 distributable operating earnings of $488 million, total assets over $200 billion
Net income for Q2 2026 was $149 million, down from $516 million in the prior-year quarter; six-month net loss was $453 million versus net income of $234 million.
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Distributable operating earnings were $488 million for Q2 2026, up from $398 million in Q2 2025; six-month DOE was $926 million versus $835 million.
Total assets reached $205.7 billion as of June 30, 2026, up from $148.9 billion a year earlier, reflecting the acquisition of Just Group plc.
The company originated $5 billion of annuity sales and deployed over $5 billion into Brookfield-originated fixed income and equity strategies at an average target yield of 7%.
The board declared a quarterly return of capital of $0.07 per class A and class B share, payable September 29, 2026, to shareholders of record September 14, 2026.
At the July 16, 2026 annual general and special meeting, shareholders approved the transaction to simplify the corporate structure, with class A shares voting 93.53% in favor.
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Upon completion, Brookfield Wealth Solutions Ltd. will be delisted and Brookfield Corporation Ltd. (symbol 'BN') will become the new parent entity, with closing expected by year-end subject to regulatory approvals.
All 10 director nominees were elected: five by class A shareholders (including Dr. Soonyoung Chang and Michele Coleman Mayes) and five by the class B shareholder (Barry Blattman, Gregory Morrison, Lori Pearson, Sachin Shah, Michael McRaith).
Shareholders approved the quarterly return of capital distribution for periods ending September 29, 2026 through June 30, 2027, with class A votes 99.92% in favor.
Deloitte LLP was reappointed as external auditor, and resolutions approving new share option and escrowed stock plans for New BN and New BNC were also passed.
Brookfield Wealth Solutions files proxy materials for July 16, 2026 meeting to approve simplification transaction with Brookfield Corporation.
Annual General and Special Meeting will be held virtually on July 16, 2026 at 1:00 p.m. EDT.
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Shareholders will vote on a transaction to combine Brookfield Corporation and Brookfield Wealth Solutions under one publicly traded company, Brookfield Corporation Ltd.
The meeting will also consider a quarterly return of capital distribution on Class A and Class B shares for periods ending through June 30, 2027.
Shareholders will vote on the election of ten director nominees and the re-appointment of Deloitte LLP as auditor.
The board unanimously recommends voting FOR all proposals, including the transaction and related share plans.
Boards of Brookfield Corporation (BN) and Brookfield Wealth Solutions (BWS) approved a transaction to combine under one publicly traded company, Brookfield Corporation Ltd., listed on NYSE and TSX under symbol 'BN'.
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All class A limited voting shares of BN and class A exchangeable limited voting shares of BWS will be exchanged on a one-for-one basis for new shares of the Company.
The transaction will be implemented via a court-approved plan of arrangement and requires shareholder approval at the 2026 annual general meetings of BN and BWS, both scheduled for July 16, 2026.
The transaction is expected to be completed on a tax-deferred basis for U.S. and Canadian shareholders and is expected to close by year-end, subject to regulatory approvals.
Following completion, Brookfield Corporation Ltd. is expected to pay a quarterly distribution equal to the distributions currently paid by BN and BWS.
Brookfield Wealth Solutions reports Q1 2026 net loss of $602M and announces combination with Brookfield Corporation
Brookfield Wealth Solutions reported a net loss of $602 million for Q1 2026, compared to a net loss of $282 million in Q1 2025, driven by unfavorable mark-to-market movements on public equity investments.
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Distributable operating earnings were $438 million for Q1 2026, roughly flat compared to $437 million in the prior year period.
The company completed the acquisition of Just Group plc, a U.K. retirement services provider, and originated $5 billion in sales across retail annuity, pension, and funding agreement channels.
Brookfield Corporation and Brookfield Wealth Solutions announced a proposed combination, expected to be tax-efficient for most shareholders, with the combined entity to trade under the symbol 'BN' on the TSX and NYSE.
The Board declared a quarterly distribution of $0.07 per class A and class B share, payable on June 30, 2026, to shareholders of record on June 15, 2026.