At a glance
- For general-account investors, the consolidation should put the insurance book and the asset manager into one set of financials: nearly $200 billion of insurance assets alongside $682 billion of fee-bearing capital.
- The transaction will bring Brookfield Corp and Brookfield Wealth Solutions under one publicly traded parent, a Bermudian-incorporated company called Brookfield Corp Ltd, subject to closing conditions.
- The insurer originated $4 billion of retail and institutional annuity sales in the quarter.
Brookfield Wealth Solutions reported $511 million of third-quarter distributable earnings, up from $420 million a year earlier, as its parent prepares to put the Bermuda insurer under a new listed company on December 1.
For general-account investors, the consolidation should put the insurance book and the asset manager into one set of financials: nearly $200 billion of insurance assets alongside $682 billion of fee-bearing capital. Fee-bearing capital was up 13% from a year earlier. The insurance portfolio's mix is the direct benchmark for domestic life portfolios building real-asset sleeves: Brookfield Wealth Solutions put $8 billion of the $13 billion it deployed into real assets, just under two-thirds of the total.
The transaction will bring Brookfield Corp and Brookfield Wealth Solutions under one publicly traded parent, a Bermudian-incorporated company called Brookfield Corp Ltd, subject to closing conditions. Shares are expected to start trading on the New York and Toronto stock exchanges under the symbol BN on December 3.
The insurer originated $4 billion of retail and institutional annuity sales in the quarter. Asset management raised $25 billion, with credit funds accounting for just under half of the firmwide total, as Private Wealth Daily previously reported. The firm drew a further $13 billion of commitments after quarter-end for its infrastructure flagship strategy.
At group level, Brookfield reported distributable earnings before realizations of $1.5 billion, or 64 cents a share, up 14% per share from a year earlier. Total distributable earnings, including realized carried interest, rose 16% per share to $1.7 billion, or 73 cents. Net income attributable to Brookfield shareholders was $1.3 billion, against $219 million a year earlier.
The platform acquired Just Group, the British insurer, in the previous quarter. Brookfield had $207 billion of capital available for new investments at the end of September, two months before the consolidation is expected to complete.
Real assets took eight of the $13 billion deployed
Capital deployed by Brookfield Wealth Solutions, Q3 2026, $B
| Part | Value ($B) | Share |
|---|---|---|
| $8B | 61.5% | |
| $5B | 38.5% |
Reported by the Insurer portfolios desk from Royal Gazette Bermuda Re. Published . Corrections