Brookfield Reinsurance Ltd.

Earnings data Q2 2021

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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: Direct Insurance, Reinsurance, and Pension Risk Transfer segment (PRT). The company was founded on December 10, 2020 and is headquartered in Pembroke, Bermuda.

Brookfield has seen significant growth, particularly in its Wealth Solutions segment, with assets now exceeding $110 billion, driven by the recent acquisition of American Equity Investment Life (AEL). The company's real estate investments are divided into core and transitional segments, with core performing well while transitional office investments show weakness. Brookfield's wealth solutions segment is growing rapidly, generating value through asset allocation expertise, and expected to increase annualized earnings from $1.4 billion to $2 billion.

Brookfield Reinsurance: Wealth Solutions Growth Vector Is Gaining Momentum

BROOKFIELD, NEWS, Aug. 08, 2024 (GLOBE NEWSWIRE) -- Brookfield Reinsurance (NYSE, TSX: BNRE, BNRE.A), soon to be renamed ‘Brookfield Wealth Solutions,' today announced financial results for the quarter ended June 30, 2024.

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

BROOKFIELD, NEWS, July 22, 2024 (GLOBE NEWSWIRE) -- Brookfield Reinsurance (NYSE, TSX: BNRE, BNRE.A) today announced the approval of all items of business at the company's annual general and special meeting of shareholders. The meeting was held earlier today in a virtual meeting format.

Brookfield Reinsurance Announces Voting Results from Shareholder Meeting

BROOKFIELD, NEWS, June 27, 2024 (GLOBE NEWSWIRE) -- Brookfield Reinsurance (NYSE, TSX: BNRE, BNRE.A) today announced that its upcoming annual general and special meeting of shareholders will be held on July 22, 2024 at 10:30 a.m. (Eastern Daylight Time), in a virtual format whereby holders may attend and participate in the meeting via live webcast.

Brookfield Reinsurance Announces Details of Upcoming Shareholders Meeting

American Equity Investment Life

OLDWICK, N.J.--(BUSINESS WIRE)-- #insurance--AM Best has placed under review with developing implications the Financial Strength Rating of A- (Excellent) and the Long-Term Issuer Credit Rating of “a-” (Excellent) of North End Re (Cayman) SPC (Cayman Islands) (NERC). Following the recent closure of Brookfield Reinsurance Ltd.'s [NYSE: BNRE, BNRE.A] acquisition of American Equity Investment Life Holding Company (AEL) [NYSE:AEL], the strategy for subsidiary NERC is under review by AM Best. In 2021, prior to th.

AM Best Places Credit Ratings of North End Re (Cayman) SPC Under Review With Developing Implications

BROOKFIELD, NEWS, May 09, 2024 (GLOBE NEWSWIRE) -- Brookfield Reinsurance (NYSE, TSX: BNRE, BNRE.A) today announced financial results for the three months ended March 31, 2024.

Brookfield Reinsurance Announces First Quarter Results and Declares Regular Quarterly Distribution

BROOKFIELD, NEWS, May 07, 2024 (GLOBE NEWSWIRE) -- Brookfield Reinsurance (NYSE, TSX: BNRE, BNRE.A) today announced that its wholly-owned operating subsidiary American Equity Investment Life Insurance Company (“AEL”) has received an upgrade to its Insurer Financial Strength (“IFS”) rating from S&P Global Ratings (“S&P”) to “A” from “A-”. The upgrade reflects AEL being core to the overall Brookfield Reinsurance group and benefitting from the strong capital position and earnings profile of Brookfield Reinsurance.

Brookfield Reinsurance Announces Credit Rating Upgrade of American Equity Investment Life Insurance Company to A

BROOKFIELD, NEWS, May 02, 2024 (GLOBE NEWSWIRE) -- Brookfield Reinsurance (NYSE, TSX: BNRE, BNRE.A) and American Equity Investment Life Holding Company (NYSE: AEL) (“AEL”) today announced the completion of Brookfield Reinsurance's acquisition of AEL in a cash and stock transaction valued at $56.50 per AEL share. AEL's leading fixed annuity business bolsters Brookfield Reinsurance's expanding insurance operations and increases its insurance assets under management to over $100 billion.

Brookfield Reinsurance Completes Acquisition of AEL

BROOKFIELD, NEWS, March 27, 2024 (GLOBE NEWSWIRE) -- Brookfield Reinsurance (NYSE, TSX: BNRE, BNRE.A) announced today the filing of its 2023 annual report, including audited financial statements for the year ended December 31, 2023, on Form 20-F with the SEC on EDGAR as well as with Canadian securities regulatory authorities on SEDAR.

Brookfield Reinsurance Completes Annual Filings

BROOKFIELD, NEWS, March 13, 2024 (GLOBE NEWSWIRE) -- Brookfield Reinsurance (NYSE, TSX: BNRE) today announced that the Iowa Insurance Division has confirmed a hearing date of April 5, 2024 for the Brookfield Reinsurance acquisition of American Equity Investment Life Holding Company (NYSE: AEL) (“AEL”).

Hearing Date Set for Brookfield Reinsurance Acquisition of AEL

BROOKFIELD, NEWS, Feb. 08, 2024 (GLOBE NEWSWIRE) -- Brookfield Reinsurance (NYSE, TSX: BNRE, BNRE.A) today announced financial results for the three months and year ended December 31, 2023.

Brookfield Reinsurance Announces Year End 2023 Results and Declares Quarterly Distribution Increase

Argo Group International Holdings Ltd

HAMILTON, Bermuda--(BUSINESS WIRE)--Brookfield Reinsurance Completes $1.1 Billion Acquisition of Argo Group.

Brookfield Reinsurance Completes $1.1 Billion Acquisition of Argo Group

Approximately 32.5 million BN Shares were tendered in the Exchange Offer Approximately 32.5 million BN Shares were tendered in the Exchange Offer

Brookfield Reinsurance Announces Results of Exchange Offer and Intention to Take Up Brookfield Corporation Class A Shares

BROOKFIELD, NEWS, Nov. 09, 2023 (GLOBE NEWSWIRE) -- Brookfield Reinsurance (NYSE, TSX: BNRE) today announced financial results for the quarter ended September 30, 2023.

Brookfield Reinsurance Announces Strong Third Quarter Results and Declares Regular Quarterly Distribution

Offer enables holders of Brookfield Corporation Class A Shares to voluntarily exchange into shares of Brookfield Reinsurance on a one-for-one basis Offer enables holders of Brookfield Corporation Class A Shares to voluntarily exchange into shares of Brookfield Reinsurance on a one-for-one basis

Brookfield Reinsurance Announces Commencement of Exchange Offer

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Offer will enable holders of Brookfield Corporation Class A Shares to voluntarily exchange into shares of Brookfield Reinsurance on a one-for-one basis Offer will enable holders of Brookfield Corporation Class A Shares to voluntarily exchange into shares of Brookfield Reinsurance on a one-for-one basis

Brookfield Reinsurance Announces Exchange Offer

BROOKFIELD NEWS, Aug. 17, 2023 (GLOBE NEWSWIRE) -- Brookfield Reinsurance (NYSE, TSX: BNRE) today announced that all five nominees proposed for election to the board of directors by holders of class A exchangeable limited voting shares (“class A shares”) and all five nominees proposed for election to the board of directors by the holder of class B limited voting shares (“class B shares”) were elected at the company's annual general and special meeting of shareholders held earlier today in a virtual meeting format. Detailed results of the vote for the election of directors are set out below.

Brookfield Reinsurance Announces Results for Election of Directors

BROOKFIELD, NEWS, Aug. 10, 2023 (GLOBE NEWSWIRE) -- Brookfield Reinsurance (NYSE, TSX: BNRE) today announced financial results for the quarter ended June 30, 2023.

Brookfield Reinsurance Announces Strong Second Quarter Results and Declares Regular Quarterly Distribution

Brookfield Reinsurance agreed to buy the rest of American Equity Life Holding Company that it doesn't already own for $4.3 billion.

Brookfield Reinsurance Expands Its Portfolio by Buying AEL

Brookfield Reinsurance Ltd. BNRE, -0.63% has agreed to acquire the shares of American Equity Investment Life Holding Co. AEL, -0.69%, or AEL, it does not already own in a cash-and-stock deal valued at $4.3 billion.

Brookfield Reinsurance to acquire remaining shares of AEL in $4.3 billion cash-and-stock deal

Private-equity firms have been trying to buy the annuities seller for years.

Brookfield Seeks Hard-to-Get Prize in American Equity Deal

BROOKFIELD, NEWS, June 28, 2023 (GLOBE NEWSWIRE) -- Brookfield Reinsurance (NYSE, TSX: BNRE) today announced that it has filed recast audited consolidated financial statements as of December 31, 2022 and December 31, 2021 and for each of the three years in the period ended December 31, 2022 and corresponding management's discussion and analysis (the “Recast Financial Statements”). The Recast Financial Statements have been prepared in connection with Brookfield Reinsurance's previously announced conversion of its accounting framework from International Financial Reporting Standards, as issued by the International Accounting Standards Board, to accounting principles generally accepted in the United States of America.

Brookfield Reinsurance Completes Filing of Recast Financial Statements; Announces date of Shareholder Meeting

American Equity Investment Life Holding (NYSE: AEL) ended about 15% up after Brookfield Reinsurance Ltd (TSE: BNRE) said it was willing to buy the annuity provider for $4.3 billion. Analysts' view on the Brookfield-AEL deal The proposal translates to $55 a share, of which, the Canadian investment giant wants to pay $38.

Brookfield Reinsurance may soon own American Equity

The stock of American Equity Investment Life Holding Co. AEL, +10.89% jumped 15% premarket Tuesday, after the West Des Moines, Iowa-based annuity provider confirmed it has received a $55 per share offer from Brookfield Reinsurance Ltd. BAM, -0.57% The offer is comprised of $38.85 a share in cash and $16.15 a share in Brookfield stock.

News for Brookfield Reinsurance Ltd. Stock (BNRE)