NYSE:BN

Brookfield Rises 1% as Wealth Solutions Earnings Grow and Corporate Simplification Nears

Brookfield (NYSE: BN) shares rose about 1% after Brookfield Wealth Solutions reported higher third-quarter operating earnings, strong annuity originations and continued portfolio deployment into higher-yielding Brookfield strategies.

Brookfield Wealth Solutions generated $519 million of distributable operating earnings in the third quarter, up 22% from $427 million a year earlier. Net income increased to $863 million from $608 million, while total assets expanded to $203.9 billion from $152.8 billion.

The company originated $4 billion of annuity sales across retail and pension risk transfer channels and deployed more than $8 billion into Brookfield-originated investment strategies at an average target yield of 8%. Management also continued integrating and optimizing Just Group, including £1.3 billion of investment deployment into Brookfield strategies.

Liquidity remained substantial, with approximately $33 billion of cash and short-term liquid investments and another $42 billion of long-term liquid investments across the portfolio.

Brookfield Corporation separately reported third-quarter net income attributable to shareholders of $1.305 billion, up sharply from $219 million a year earlier. Distributable earnings before realizations increased to $1.496 billion from $1.333 billion, while distributable earnings rose to $1.718 billion from $1.487 billion.

The previously announced corporate simplification transaction involving Brookfield Wealth Solutions and Brookfield Corporation is expected to close on December 1, subject to closing conditions. Shares of Brookfield Corporation Ltd. are expected to begin trading under the BN ticker on December 3.

The roughly 1% gain appears to reflect continued growth in operating earnings, strong capital deployment and progress toward the corporate simplification transaction, which should further streamline Brookfield’s listed structure.
Brookfield (BN) Edges Higher After Q2 Earnings as Distributable Earnings Rise 15%

Brookfield Corporation (NYSE: BN) shares are up about 0.02% after the company reported solid second-quarter 2026 results, with earnings growth across its asset management and wealth solutions businesses.

Distributable earnings before realizations rose 15% year over year on a per-share basis to $1.4 billion, or $0.61 per share. Total distributable earnings reached $1.55 billion, or $0.66 per share, while net income attributable to Brookfield shareholders increased to $364 million from $272 million a year earlier.

## Record Fundraising Supports Growth

Asset Management was a key driver, with fee-related earnings rising 20% as fee-bearing capital increased 19% to $672 billion. Brookfield also raised a record $77 billion during the quarter, highlighting strong institutional demand for its investment strategies.

Wealth Solutions earnings increased 23%, supported by organic inflows, higher investment income and the contribution from the Just Group acquisition.

Brookfield ended the quarter with a record $210 billion of deployable capital, providing substantial capacity for new investments. The company also continued returning capital to shareholders, repurchasing about $580 million of BN shares year-to-date.

The modest 0.02% stock gain suggests investors viewed the report positively but largely in line with expectations. Strong fundraising, expanding fee-bearing capital and 15% per-share distributable earnings growth provide support for Brookfield’s longer-term earnings outlook.
Brookfield Corporation (NYSE: BN, TSX: BN) will host its first quarter 2026 conference call and webcast on Thursday, May 14, 2026 at 10:00am (ET).
Brookfield Corporation (NYSE: BN; TSX: BN) reported record 2025 distributable earnings before realizations of $5.4 billion, up 11% year over year, and raised its quarterly dividend by 17%.

For Q4 2025, distributable earnings before realizations were $1.5 billion ($0.63 per share), with total distributable earnings of $1.6 billion ($0.67 per share). Net income attributable to Brookfield shareholders was $743 million, or $0.30 per diluted share.

For full year 2025, total distributable earnings reached $6.0 billion ($2.54 per share), while net income attributable to shareholders was $1.3 billion, or $0.49 per diluted share. The company ended the year with a record $188 billion of deployable capital.

Asset Management generated $2.8 billion of distributable earnings, supported by $112 billion of fundraising and a 12% increase in fee-bearing capital to $603 billion. Wealth Solutions delivered $1.7 billion of distributable earnings, up 24%, with $20 billion in annuity sales. Operating Businesses contributed $1.6 billion, reflecting resilient cash flows across renewable power, infrastructure, private equity and real estate.

During 2025, Brookfield completed a record $91 billion of asset sales and deployed $126 billion of capital. The company repurchased over $1 billion of shares and returned $1.6 billion to shareholders through dividends and buybacks. The quarterly dividend was increased to $0.07 per share, payable March 31, 2026.

Globe Newswire
Brookfield Corporation (NYSE: BN, TSX: BN) will host its fourth quarter 2025 conference call and webcast on Thursday, February 12, 2026 at 10:00am (ET).
Brookfield Corporation to issue new preferred shares, redeem Series 44 shares

Brookfield Corporation (NYSE: BN, TSX: BN) announced it will issue C$200 million of Class A Preferred Shares, Series 54 at C$25.00 per share. The shares will pay a 5.65% annual fixed dividend until December 31, 2030, after which the rate resets every five years to the greater of the 5-year Government of Canada bond yield plus 2.80% or 5.65%.

The underwriting syndicate is led by Scotiabank, BMO, CIBC, National Bank, RBC, and TD. An additional 2 million shares may be issued if the underwriters’ option is exercised, bringing the deal up to C$250 million.

Brookfield plans to use the proceeds to redeem at least C$200 million of its Cumulative Class A Preferred Shares, Series 44 (TSX: BN*PF*H) on December 31, 2025, at C$25.00 per share. If the option is exercised in full, all Series 44 shares will be redeemed. Holders of Series 44 shares as of December 15, 2025 will still receive the previously declared quarterly dividend of C$0.3125 on December 31, 2025.

The offering is expected to close on or about November 26, 2025.
Brookfield Corporation posts strong Q3 results on record asset-management earnings and expanding wealth solutions platform

Brookfield Corporation reported strong third-quarter 2025 results, driven by record fee-related earnings in its asset management unit, continued organic growth in wealth solutions, and resilient cash flows across operating businesses.

Distributable earnings before realizations rose to 1.33 billion dollars (0.56 dollars per share), up 6 percent year-over-year, while total distributable earnings reached 1.49 billion dollars (0.63 dollars per share). Over the last twelve months, distributable earnings before realizations rose 18 percent to 5.4 billion dollars.

Asset management delivered 687 million dollars of distributable earnings, supported by a 17 percent rise in fee-related earnings to a record 754 million dollars as fee-bearing capital grew to 581 billion dollars. Fundraising totaled 30 billion dollars in the quarter, the strongest level in three years. The company also agreed to acquire the remaining 26 percent of Oaktree, expanding its global credit platform.

Wealth solutions generated 420 million dollars of distributable earnings, up 15 percent, with annuity originations reaching 5 billion dollars and insurance assets rising to 139 billion dollars. Brookfield received shareholder approval to acquire U.K.-based Just Group, a transaction expected to lift insurance assets to roughly 180 billion dollars.

Operating businesses contributed 366 million dollars of distributable earnings. Real estate fundamentals remained strong with occupancy of 95–96 percent across core portfolios. Monetizations totaled 154 million dollars for the quarter and 642 million dollars over the last twelve months, supported by 75 billion dollars of asset sales completed year-to-date.

Brookfield ended the quarter with a record 178 billion dollars of deployable capital, including 74 billion dollars in cash, financial assets and undrawn credit lines and 104 billion dollars of uncalled private fund commitments. Capital markets activity remains robust, with 140 billion dollars of financings executed year-to-date.

The company repurchased more than 950 million dollars of Class A shares this year at an average price of 36 dollars, well below management’s estimated intrinsic value of 69 dollars. The board declared a quarterly dividend of 0.06 dollars per share, payable December 31, 2025.
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