Brookfield Wealth Solutions Ltd. (BNT)
Brookfield Wealth Solutions Ltd. engages in the provision of capital-based solutions to insurance companies. It offers annuity-based reinsurance products such as fixed index and payout annuities. It operates through the following business segments: Annuities, Property and Casualty, Life Insurance, and Corporate and Other. The Annuities segment includes both retail and institutional annuities, and is operated primarily through subsidiaries of ANGI as well as BAC and NER Ltd. The Property and Casualty segment refers to a subsidiary of ANGI and Argo. The Life Insurance segment focuses on the subsidiaries of ANGI. The Corporate and Other segment performs various corporate functions that support core insurance operations and primarily includes investment income from temporarily warehoused investments. The company was founded on December 10, 2020 and is headquartered in Pembroke, Bermuda.
Sector: Insurance Carriers, NEC
Industry: Insurance - Diversified
Brookfield Wealth Solutions Ltd.
NYSE:BNTFinancial Services · Insurance - Diversified
+0.03%$37.96
AH Close$37.96+0.00%vs close
AH Close$37.96+0.00%vs close
Mkt Cap$11.29B
Float60.63M
O/S297.36M
Inst Own6.4%
SI0.3%
Div Yield0.71%
Dilution
Delisting Issues Timeline
Financials Summary
Revenue$11.84B
Net Income$779.41M
Total Assets$149.63B
Free Cash Flow$2.54B
Debt & Equity
Debt 24%
Equity 76%
Total Debt$5.69B
Total Equity$17.55B
Shares Outstanding
Short Interest
Split History1 split
- 1.5:1Forward splitOct 10, 20251 share → 1.5
Balance Sheet Details
Assets$149.63B
Liabilities$131.75B
Accounts Receivable$618.87M
Accounts Payable$0
Inventory$0
PP&E (Net)$290M
Goodwill$781.58M
Intangible Assets$1.62B
Income Statement
| Period | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 |
|---|---|---|---|---|---|---|---|---|
| Currency | USD | USD | USD | USD | USD | USD | USD | USD |
| Period Ending | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 | 2018-12-31 |
| Revenue | $11.84B | $14.34B | $6.95B | $4.37B | $1.03B | $514M | $382M | $160.89M |
| YoY Growth | -17.4% | 106.2% | 59.1% | 323.0% | 101.0% | 34.6% | 137.4% | - |
| Cost of Revenue | $4.57B | $11.41B | $5.87B | $3.73B | $1.12B | $506M | $0 | $0 |
| Gross Profit | $7.27B | $2.93B | $1.08B | $635M | -$85M | $8M | $382M | $160.89M |
| Gross Margin | 61.4% | 20.4% | 15.6% | 14.5% | -8.2% | 1.6% | 100.0% | 100.0% |
| Research and Development | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Selling, General, and Administrative | $0 | $0 | $0 | $333M | $31M | $6M | $6M | $4.19M |
| Other | $6.29B | $1.72B | $271M | -$230M | -$3M | $0 | $370M | $157.21M |
| Total Operating Expenses | $6.29B | $1.72B | $271M | $103M | $28M | $6M | $376M | $161.39M |
| Operating Income (EBIT) | $983.93M | $1.21B | $814M | $532M | -$113M | $2M | $6M | -$507K |
| Operating Margin | 8.3% | 8.5% | 11.7% | 12.2% | -10.9% | 0.4% | 1.6% | -0.3% |
| Interest Expense | $385.63M | $362M | $249M | $104M | $1M | $0 | $0 | $111K |
| Interest Income | $0 | $0 | $0 | $715M | $69M | $30M | $20M | $10.32M |
| Other Income (Expense) | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Income Before Tax (EBT) | $983.93M | $1.21B | $814M | $532M | -$113M | $2M | $6M | -$507K |
| Income Tax Expense | $105.82M | -$34M | $17M | $31M | -$1M | $1M | $0 | $0 |
| Net Income | $779.41M | $1.21B | $796M | $499M | -$112M | $1M | $6M | -$507K |
| Net Income Margin | 6.6% | 8.5% | 11.4% | 11.4% | -10.8% | 0.2% | 1.6% | -0.3% |
| Supplementary Data | ||||||||
| EPS | 2.50 | 7.05 | 5.47 | 13.75 | -3.25 | 0.04 | 0.22 | -0.02 |
| Diluted EPS | 2.50 | 7.05 | 5.47 | 13.75 | -3.25 | 0.04 | 0.22 | -0.02 |
| Weighted Average OS | 304.93M | 172.08M | 145.47M | 30.92M | 34.45M | 27.82M | 27.82M | 27.82M |
| EBITDA | $1.59B | $1.78B | $1.11B | $649M | -$112M | $2M | $6.22M | -$278K |
| EBITDA Margin | 13.4% | 12.4% | 16.0% | 14.9% | -10.8% | 0.4% | 1.6% | -0.2% |
Balance Sheet
| Period | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|---|---|
| Currency | USD | USD | USD | USD | USD | USD | USD |
| Period Ending | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 |
| Assets | |||||||
| Current Assets | |||||||
| Cash and Cash Equivalents | $13.01B | $12.24B | $4.31B | $2.15B | $393M | $35M | $13.36M |
| Short-Term Investments | $12.92B | $16.76B | $21.89B | $2.89B | $146M | $0 | $0 |
| Cash and Short-Term Investments | $25.93B | $29B | $26.2B | $5.04B | $393M | $35M | $13.36M |
| Accounts Receivable | $618.87M | $1.17B | $1.11B | $483M | $10M | $2M | $5.53M |
| Inventory | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Current Assets | -$13.09B | -$30.17B | -$27.31B | -$5.72B | -$403M | -$39.87M | -$21.22M |
| Total Current Assets | $13.46B | $0 | $0 | $0 | $0 | $0 | $0 |
| Long-Term Assets | |||||||
| Property, Plant & Equipment Net | $290M | $272M | $294M | $194M | $2M | $2M | $316K |
| Goodwill | $781.58M | $783M | $121M | $121M | $0 | $0 | $0 |
| Intangible Assets | $1.62B | $1.69B | $235M | $52M | $3M | $0 | $0 |
| Long-Term Investments | $97.13B | $62.06B | $25.55B | $19.97B | $4.53B | $1.19B | $701.05M |
| Deferred Tax Assets | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Long-Term Assets | $36.64B | -$64.8B | -$26.2B | -$20.34B | -$4.54B | -$1.2B | -$701.36M |
| Total Long-Term Assets | $136.17B | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Assets | $0 | $139.95B | $61.64B | $43.46B | $11.49B | $1.44B | $926.71M |
| Total Assets | $149.63B | $139.95B | $61.64B | $43.46B | $11.49B | $1.44B | $926.71M |
| Liabilities | |||||||
| Current Liabilities | |||||||
| Accounts Payable | $0 | $0 | $0 | $151M | $132M | $4M | $1.26M |
| Short-Term Debt | $912M | $1B | $1.28B | $1.81B | $0 | $0 | $0 |
| Current Income Tax Payable | $0 | $0 | $0 | $0 | $0 | $676K | $172K |
| Current Unearned Revenue | $1.27B | $0 | $0 | $78M | $82M | $0 | $0 |
| Other Current Liabilities | -$2.18B | -$1.69B | -$1.84B | -$2.31B | -$681M | -$9.43M | -$4.03M |
| Total Current Liabilities | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Long-Term Liabilities | |||||||
| Long-Term Debt | $4.78B | $3.54B | $2.47B | $1.99B | $693M | $0 | $0 |
| Long-Term Unearned Revenue | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Long-Term Deferred Tax Liabilities | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Long-Term Liabilities | $127.41B | -$3.54B | -$2.47B | -$1.99B | -$693M | -$1.25M | -$198K |
| Total Long-Term Liabilities | $131.75B | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Liabilities | $0 | $126.88B | $52.79B | $39.19B | $10.06B | $1.36B | $861.25M |
| Total Liabilities | $131.75B | $126.88B | $52.79B | $39.19B | $10.06B | $1.36B | $861.25M |
| Stockholders' Equity | |||||||
| Preferred Stock | $0 | $0 | $2.69B | $2.58B | $0 | $0 | $0 |
| Common Stock | $13.64B | $9.97B | $5.18B | $1.89B | $1.44B | $0 | $64.61M |
| Retained Earnings | $2.82B | $2.05B | $945M | $310M | $0 | $1.65M | $38K |
| Comprehensive Income & Other | $1.12B | $204M | -$120M | -$523M | $0 | $3.54M | $806K |
| Other Stockholders' Equity | $1.09B | $204M | $2.57B | $2.06B | $0 | $81.35M | $806K |
| Total Equity | $17.55B | $12.23B | $8.7B | $4.26B | $1.44B | $83M | $65.46M |
| Minority Interest | $330.4M | $850M | $146M | $8M | $0 | $0 | $0 |
| Total Liabilities and Equity | $149.3B | $139.1B | $61.5B | $43.45B | $11.49B | $1.44B | $926.71M |
| Supplementary Data | |||||||
| Total Debt | $5.69B | $4.54B | $3.74B | $3.8B | $693M | $1.25M | $198K |
| Net Debt | -$7.32B | -$7.7B | -$565M | $1.66B | $300M | -$33.75M | -$13.16M |
Cash Flow Statement
| Period | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 |
|---|---|---|---|---|---|---|---|---|
| Currency | USD | USD | USD | USD | USD | USD | USD | USD |
| Period Ending | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 | 2018-12-31 |
| Operating Activities | ||||||||
| Net Income | $863M | $1.25B | $797M | $501M | -$112M | $1M | $6M | -$507K |
| Depreciation & Amortization | $218M | $206M | $50M | $13M | $0 | $0 | $217K | $229K |
| Deferred Income Tax | $21M | -$150M | $12M | $22M | -$25M | $1M | $0 | $0 |
| Stock-Based Compensation | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Changes in Working Capital: | ||||||||
| Accounts Receivable | $1.28B | $1.19B | $186M | $50M | $22M | $0 | $0 | $0 |
| Inventory | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Accounts Payable | $0 | $0 | $0 | $0 | $75M | $0 | $0 | $0 |
| Other Working Capital | $376M | $2.09B | $1.38B | $446M | $1.84B | $478M | $339M | $140.53M |
| Total Working Capital Change | $1.66B | $3.27B | $1.56B | $496M | $1.93B | $478M | $339M | $140.53M |
| Other Non-Cash Items | -$144M | -$9M | -$915M | -$388M | -$108M | -$81M | -$36.22M | $9.3M |
| Net Cash from Operating | $2.61B | $4.57B | $1.51B | $644M | $1.69B | $399M | $309M | $149.55M |
| Investing Activities | ||||||||
| Capital Expenditures | -$69M | -$40M | -$135M | -$24M | -$1M | -$617K | -$35K | -$2K |
| Acquisitions | $0 | $10.84B | -$274M | -$4.34B | $0 | $0 | $0 | $0 |
| Purchases of Investments | -$36.59B | -$35.37B | -$24.46B | -$19.35B | -$5.43B | -$975M | -$1.01B | -$526.86M |
| Sales of Investments | $28.64B | $30.62B | $24.05B | $20.76B | $2.1B | $564M | $755M | $327.97M |
| Other Investing Activities | -$1.65B | -$4.63B | -$987M | -$1.93B | -$643M | $26.62M | -$11.96M | $0 |
| Net Cash from Investing | -$9.67B | $1.43B | -$1.81B | -$4.88B | -$3.97B | -$385M | -$268M | -$198.89M |
| Financing Activities | ||||||||
| Debt Repaid | -$1.2B | $131M | $170M | -$2.54B | -$1.24B | - | $144K | $78K |
| Common Stock Issuance | $0 | $4M | $0 | $450M | $1.41B | $13M | $5M | $5.99M |
| Common Stock Repurchases | -$112M | -$14M | -$5M | -$6M | -$8M | $0 | $0 | $0 |
| Dividends Paid | $0 | $0 | -$5.09M | -$5.76M | -$7.93M | $0 | $0 | $0 |
| Other Financing Activities | $6.72B | $2.06B | $2.65B | $501.76M | $7.93M | $0 | -$40M | $40.55M |
| Net Cash from Financing | $7.81B | $1.92B | $2.46B | $5.99B | $2.64B | $13M | -$35M | $46.46M |
| Forex Effect | $19M | $11M | -$60.74M | -$8M | $1M | -$5M | -$1M | $1.41M |
| Net Change in Cash | $771M | $7.93B | $2.16B | $1.75B | $358M | $22M | $5M | -$1.47M |
| Supplementary Data | ||||||||
| Operating Cash Flow | $2.61B | $4.57B | $1.51B | $644M | $1.69B | $399M | $309M | $149.55M |
| Capital Expenditure | -$69M | -$40M | -$135M | -$24M | -$1M | -$1M | -$35K | -$2K |
| Free Cash Flow | $2.54B | $4.53B | $1.37B | $620M | $1.69B | $398M | $309M | $149.55M |
| Cash at Beginning | $12.24B | $4.31B | $2.15B | $393M | $35M | $13M | $8M | $9.21M |
| Cash at End | $13.01B | $12.24B | $4.31B | $2.15B | $393M | $35M | $13M | $7.75M |