Brookfield Reinsurance Key Executives
This section highlights Brookfield Reinsurance's key executives, including their titles and compensation details.
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Brookfield Reinsurance Earnings
This section highlights Brookfield Reinsurance's earnings, including key dates, EPS, earnings reports, and earnings call transcripts.
Next Earnings Date
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| Transcript | Quarter | Year | Date | Estimated EPS | Actual EPS |
|---|
Brookfield Asset Management Reinsurance Partners Ltd., through its subsidiaries, provides annuity-based reinsurance products to insurance and reinsurance companies. The company operates in two segments, Reinsurance and Pension Risk Transfer. It also acts as a direct issuer of pension risk transfer products for pension plan sponsors. The company was incorporated in 2020 and is headquartered in Pembroke, Bermuda.
$47.12
Stock Price
$6.87B
Market Cap
4.00K
Employees
Pembroke, None
Location
Financial Statements
Access annual & quarterly financial statements for Brookfield Reinsurance, including income statements, balance sheets, and cash flow statements..
Annual Income Statement
| Breakdown | December 31, 2023 | December 31, 2022 | December 31, 2021 | December 31, 2020 | December 31, 2019 |
|---|---|---|---|---|---|
| Revenue | $7.15B | $4.31B | $7.29B | $514.24M | $382.00M |
| Cost of Revenue | $- | $- | $- | $- | $- |
| Gross Profit | $7.15B | $4.31B | $7.29B | $514.24M | $382.00M |
| Gross Profit Ratio | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% |
| Research and Development Expenses | $- | $- | $- | $- | $- |
| General and Administrative Expenses | $- | $333.00M | $31.00M | $5.98M | $6.00M |
| Selling and Marketing Expenses | $- | $- | $- | $- | $- |
| Selling General and Administrative Expenses | $801.00M | $333.00M | $31.00M | $5.98M | $6.00M |
| Other Expenses | $- | $-4.69B | $-7.36B | $-518.07M | $-382.00M |
| Operating Expenses | $5.96B | $-4.36B | $-7.33B | $-512.09M | $-376.00M |
| Cost and Expenses | $5.96B | $4.54B | $7.33B | $512.09M | $376.00M |
| Interest Income | $- | $715.00M | $69.00M | $29.61M | $20.00M |
| Interest Expense | $1.35B | $196.00M | $9.00M | $93.00K | $- |
| Depreciation and Amortization | $50.00M | $12.48M | $100.00M | $469.56K | $217.00K |
| EBITDA | $-10.18M | $1.01B | $48.00M | $2.60M | $- |
| EBITDA Ratio | -0.14% | 17.50% | -0.58% | 0.50% | 1.63% |
| Operating Income | $- | $741.00M | $-42.00M | $2.15M | $6.00M |
| Operating Income Ratio | 0.00% | 17.20% | -0.58% | 0.42% | 1.57% |
| Total Other Income Expenses Net | $814.00M | $51.00M | $-71.00M | $149.00K | $- |
| Income Before Tax | $814.00M | $560.00M | $-42.00M | $2.15M | $6.00M |
| Income Before Tax Ratio | 11.39% | 13.00% | -0.58% | 0.42% | 1.57% |
| Income Tax Expense | $17.00M | $68.00M | $2.00M | $541.00K | $45.14K |
| Net Income | $796.00M | $499.00M | $-44.00M | $1.61M | $6.00M |
| Net Income Ratio | 11.13% | 11.58% | -0.60% | 0.31% | 1.57% |
| EPS | $5.75 | $9.69 | $-1.28 | $24.10 | $0.22 |
| EPS Diluted | $5.75 | $9.69 | $-1.28 | $24.10 | $0.22 |
| Weighted Average Shares Outstanding | 117.39M | 50.55M | 34.45M | 66.72K | 27.82M |
| Weighted Average Shares Outstanding Diluted | 117.39M | 50.55M | 34.45M | 66.72K | 27.82M |
| SEC Filing | Source | Source | Source | Source | Source |
| Breakdown | June 30, 2024 | March 31, 2024 | December 31, 2023 | September 30, 2023 | June 30, 2023 | March 31, 2023 | December 31, 2022 | September 30, 2022 | June 30, 2022 | March 31, 2022 | December 31, 2021 | September 30, 2021 | June 30, 2021 | March 31, 2021 | December 31, 2020 | September 30, 2020 | June 30, 2020 | March 31, 2020 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $2.92B | $2.57B | $2.39B | $1.57B | $2.08B | $1.20B | $1.56B | $1.96B | $1.28B | $324.00M | $4.99B | $2.27B | $89.00M | $-60.32M | $333.24M | $114.00M | $77.00M | $-9.75M |
| Cost of Revenue | $-13.00M | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Gross Profit | $2.93B | $2.57B | $2.39B | $1.57B | $2.08B | $1.20B | $1.56B | $1.96B | $1.28B | $324.00M | $4.99B | $2.27B | $89.00M | $-60.32M | $333.24M | $114.00M | $77.00M | $-9.75M |
| Gross Profit Ratio | 100.40% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% |
| Research and Development Expenses | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| General and Administrative Expenses | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Selling and Marketing Expenses | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Selling General and Administrative Expenses | $461.00M | $295.00M | $248.00M | $191.00M | $186.00M | $176.00M | $167.00M | $168.00M | $75.00M | $17.00M | $13.00M | $12.00M | $7.00M | $3.00M | $2.00M | $2.00M | $1.00M | $1.00M |
| Other Expenses | $- | $-444.01M | $-431.61M | $-1.50B | $-1.70B | $-1.01B | $-1.32B | $-1.63B | $-1.24B | $-182.00M | $-5.02B | $-2.28B | $-86.00M | $64.27M | $-331.09M | $-113.00M | $-78.00M | $9.61M |
| Operating Expenses | $2.84B | $444.01M | $431.61M | $-1.50B | $-1.70B | $-1.01B | $-1.32B | $-1.63B | $-1.24B | $-182.00M | $-5.02B | $-2.28B | $-86.00M | $64.27M | $-331.09M | $-113.00M | $-78.00M | $9.61M |
| Cost and Expenses | $2.84B | $-2.14B | $-1.86B | $1.50B | $1.70B | $1.31B | $1.40B | $1.70B | $1.28B | $191.00M | $5.03B | $2.28B | $86.00M | $-64.25M | $331.09M | $113.00M | $78.00M | $-9.59M |
| Interest Income | $- | $- | $- | $61.00M | $60.00M | $60.00M | $83.00M | $70.00M | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Interest Expense | $517.00M | $314.00M | $69.88M | $351.00M | $376.00M | $301.00M | $83.00M | $70.00M | $34.00M | $9.00M | $8.00M | $- | $- | $21.00K | $- | $- | $- | $29.00K |
| Depreciation and Amortization | $120.00M | $35.84M | $22.61M | $10.86M | $4.05M | $-15.00M | $-2.00M | $11.33M | $15.00M | $3.00M | $41.00M | $2.00M | $-3.00M | $107.00K | $-2.00M | $-1.00M | $1.00M | $81.00K |
| EBITDA | $341.00M | $-105.00M | $-36.99M | $66.00M | $376.00M | $182.00M | $238.00M | $4.00M | $45.00M | $142.00M | $9.00M | $-6.00M | $- | $4.06M | $- | $- | $- | $-59.00K |
| EBITDA Ratio | 11.70% | -4.08% | -1.55% | 4.21% | 18.10% | 15.96% | 15.29% | 17.49% | 3.19% | 43.83% | -0.64% | -0.35% | 3.37% | -6.73% | 0.64% | 0.88% | -1.30% | 0.60% |
| Operating Income | $221.00M | $465.00M | $-51.38M | $66.00M | $376.00M | $197.00M | $240.00M | $331.00M | $41.00M | $142.00M | $-32.00M | $-8.00M | $3.00M | $3.95M | $2.15M | $1.00M | $-1.00M | $-140.00K |
| Operating Income Ratio | 7.58% | 18.06% | -2.15% | 4.21% | 18.10% | 16.38% | 15.41% | 16.88% | 3.19% | 43.83% | -0.64% | -0.35% | 3.37% | -6.55% | 0.64% | 0.88% | -1.30% | 1.44% |
| Total Other Income Expenses Net | $-250.00M | $360.38M | $491.21M | $1.00M | $-3.00M | $-104.00M | $-85.00M | $101.00M | $37.00M | $7.00M | $1.00M | $-6.00M | $- | $3.98M | $149.00K | $- | $- | $-169.00K |
| Income Before Tax | $-29.00M | $360.38M | $491.21M | $67.00M | $373.00M | $-104.00M | $155.00M | $265.00M | $7.00M | $133.00M | $-41.00M | $-8.00M | $3.00M | $3.93M | $2.15M | $1.00M | $-1.00M | $-169.00K |
| Income Before Tax Ratio | -0.99% | 14.00% | 20.54% | 4.27% | 17.96% | -8.65% | 9.96% | 13.51% | 0.55% | 41.05% | -0.82% | -0.35% | 3.37% | -6.51% | 0.64% | 0.88% | -1.30% | 1.73% |
| Income Tax Expense | $-298.00M | $24.89M | $-25.69M | $-10.00M | $13.00M | $-11.00M | $15.00M | $42.00M | $6.00M | $5.00M | $2.00M | $-2.00M | $1.00M | $1.03M | $541.00K | $1.00M | $-1.00M | $-42.00K |
| Net Income | $264.00M | $335.00M | $455.00M | $76.00M | $363.00M | $-93.00M | $140.00M | $219.00M | $1.00M | $156.00M | $-43.00M | $-6.00M | $2.00M | $3.00M | $1.61M | $1.00M | $-1.00M | $-127.00K |
| Net Income Ratio | 9.06% | 13.01% | 19.03% | 4.85% | 17.48% | -7.73% | 8.99% | 11.17% | 0.08% | 48.15% | -0.86% | -0.26% | 2.25% | -4.97% | 0.48% | 0.88% | -1.30% | 1.30% |
| EPS | $1.81 | $2.30 | $4.14 | $1.47 | $7.01 | $-1.80 | $2.77 | $4.79 | $0.02 | $4.53 | $-1.25 | $-0.22 | $0.07 | $0.11 | $0.06 | $0.04 | $-0.04 | $0.00 |
| EPS Diluted | $1.81 | $2.30 | $4.14 | $1.47 | $7.01 | $-1.80 | $2.77 | $4.79 | $0.02 | $4.53 | $-1.25 | $-0.22 | $0.07 | $0.11 | $0.06 | $0.04 | $-0.04 | $0.00 |
| Weighted Average Shares Outstanding | 145.49M | 145.49M | 112.53M | 51.79M | 51.79M | 51.79M | 50.55M | 45.72M | 45.72M | 34.45M | 34.45M | 27.84M | 27.84M | 27.82M | 27.82M | 27.82M | 27.82M | 27.82M |
| Weighted Average Shares Outstanding Diluted | 145.49M | 145.49M | 112.53M | 51.79M | 51.79M | 51.79M | 50.55M | 45.72M | 45.72M | 34.45M | 34.45M | 27.84M | 27.84M | 27.82M | 27.82M | 27.82M | 27.82M | 27.82M |
| SEC Filing | Source | Source | Source | Source | Source | Source | Source | Source | Source | Source | Source | Source | Source | Source | Source | Source | Source | Source |
Annual Balance Sheet
| Breakdown | December 31, 2023 | December 31, 2022 | December 31, 2021 | December 31, 2020 | December 31, 2019 |
|---|---|---|---|---|---|
| Cash and Cash Equivalents | $4.29B | $2.15B | $393.00M | $35.46M | $13.36M |
| Short Term Investments | $3.95B | $1.00M | $146.00M | $7.33M | $2.83M |
| Cash and Short Term Investments | $4.31B | $2.15B | $393.00M | $35.46M | $13.36M |
| Net Receivables | $1.11B | $- | $10.00M | $2.00M | $5.53M |
| Inventory | $- | $-8.79B | $-8.78B | $-42.52M | $- |
| Other Current Assets | $9.22B | $201.00M | $- | $2.87M | $2.33M |
| Total Current Assets | $9.22B | $2.58B | $431.00M | $38.75M | $18.89M |
| Property Plant Equipment Net | $292.50M | $194.00M | $2.00M | $1.80M | $316.00K |
| Goodwill | $121.00M | $102.00M | $101.86M | $- | $- |
| Intangible Assets | $235.00M | $52.00M | $3.00M | $- | $37.00K |
| Goodwill and Intangible Assets | $2.82B | $154.00M | $3.00M | $1.19B | $37.00K |
| Long Term Investments | $2.64B | $29.77B | $5.29B | $1.19B | $701.05M |
| Tax Assets | $429.79M | $531.00M | $530.28M | $44.00K | $701.33M |
| Other Non-Current Assets | $42.15B | $-531.00M | $-530.28M | $-1.19B | $-701.36M |
| Total Non-Current Assets | $48.34B | $30.12B | $5.29B | $1.19B | $701.36M |
| Other Assets | $1 | $10.80B | $5.77B | $207.37M | $206.46M |
| Total Assets | $57.56B | $43.50B | $11.49B | $1.44B | $926.71M |
| Account Payables | $- | $151.00M | $132.00M | $4.00M | $1.26M |
| Short Term Debt | $- | $- | $- | $- | $- |
| Tax Payables | $- | $- | $- | $676.00K | $172.00K |
| Deferred Revenue | $- | $78.00M | $82.00M | $- | $- |
| Other Current Liabilities | $4.44B | $1.21B | $-214.00M | $-4.68M | $-1.43M |
| Total Current Liabilities | $4.44B | $947.00M | $389.00M | $504.00K | $1.26M |
| Long Term Debt | $6.40B | $3.80B | $693.00M | $1.25M | $198.00K |
| Deferred Revenue Non-Current | $- | $77.96M | $77.89M | $- | $- |
| Deferred Tax Liabilities Non-Current | $- | $-77.96M | $615.11M | $- | $- |
| Other Non-Current Liabilities | $40.59B | $35.88B | $-693.00M | $-1.25M | $-198.00K |
| Total Non-Current Liabilities | $46.99B | $947.00M | $693.00M | $1.25M | $198.00K |
| Other Liabilities | $1 | $37.64B | $8.98B | $1.36B | $859.80M |
| Total Liabilities | $51.43B | $39.53B | $10.06B | $1.36B | $861.25M |
| Preferred Stock | $2.69B | $2.51B | $- | $- | $- |
| Common Stock | $5.18B | $1.45B | $1.44B | $77.98M | $64.61M |
| Retained Earnings | $945.00M | $441.80M | $441.40M | $1.65M | $38.00K |
| Accumulated Other Comprehensive Income Loss | $-119.39M | $-882.60M | $-881.80M | $3.54M | $806.00K |
| Other Total Stockholders Equity | $-2.73B | $-296.00M | $-505.40M | $- | $- |
| Total Stockholders Equity | $5.98B | $3.96B | $1.44B | $83.16M | $65.46M |
| Total Equity | $6.12B | $3.97B | $1.44B | $83.16M | $65.46M |
| Total Liabilities and Stockholders Equity | $57.56B | $43.50B | $11.49B | $1.44B | $926.71M |
| Minority Interest | $145.25M | $8.00M | $7.99M | $- | $- |
| Total Liabilities and Total Equity | $57.56B | $43.50B | $11.49B | $1.44B | $926.71M |
| Total Investments | $6.59B | $30.33B | $5.43B | $1.20B | $703.88M |
| Total Debt | $6.40B | $3.80B | $693.00M | $1.25M | $198.00K |
| Net Debt | $2.12B | $1.66B | $300.00M | $-34.22M | $-13.16M |
Balance Sheet Charts
| Breakdown | June 30, 2024 | March 31, 2024 | December 31, 2023 | September 30, 2023 | June 30, 2023 | March 31, 2023 | December 31, 2022 | September 30, 2022 | June 30, 2022 | March 31, 2022 | December 31, 2021 | September 30, 2021 | June 30, 2021 | March 31, 2021 | December 31, 2020 | March 31, 2020 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash and Cash Equivalents | $14.34B | $2.83B | $4.29B | $3.45B | $2.89B | $2.35B | $2.15B | $3.15B | $2.08B | $323.00M | $393.00M | $406.00M | $851.00M | $80.06M | $35.46M | $- |
| Short Term Investments | $4.47B | $2.92M | $3.95B | $3.80B | $18.74B | $19.20B | $1.00M | $638.00M | $655.00M | $73.00M | $146.00M | $167.00M | $3.00M | $9.48M | $7.33M | $- |
| Cash and Short Term Investments | $14.34B | $2.83B | $4.31B | $3.45B | $2.89B | $2.35B | $2.15B | $3.15B | $2.74B | $323.00M | $393.00M | $406.00M | $851.00M | $80.06M | $35.46M | $- |
| Net Receivables | $11.00B | $- | $- | $957.00M | $1.17B | $1.09B | $483.00M | $478.00M | $- | $69.00M | $10.00M | $20.00M | $25.00M | $2.97M | $2.00M | $- |
| Inventory | $- | $-7.03B | $-5.42B | $-15.20B | $-7.24B | $-12.51B | $-8.79B | $-4.02B | $-2.93B | $-5.17B | $-5.09B | $-2.07B | $-868.00M | $- | $- | $- |
| Other Current Assets | $- | $- | $9.22B | $- | $- | $- | $201.00M | $154.00M | $138.00M | $- | $- | $- | $- | $- | $2.87M | $- |
| Total Current Assets | $25.34B | $3.89B | $9.22B | $4.41B | $4.06B | $3.44B | $2.58B | $3.63B | $3.19B | $392.00M | $415.00M | $426.00M | $876.00M | $83.03M | $38.75M | $- |
| Property Plant Equipment Net | $293.96M | $-42.56B | $292.50M | $164.00M | $160.00M | $193.00M | $194.00M | $186.00M | $180.00M | $2.00M | $2.00M | $3.00M | $3.00M | $2.06M | $1.80M | $- |
| Goodwill | $- | $120.88M | $120.38M | $121.00M | $121.00M | $- | $102.00M | $176.00M | $176.00M | $- | $- | $- | $- | $- | $- | $- |
| Intangible Assets | $10.54B | $2.48B | $235.00M | $120.42M | $120.79M | $1.70B | $52.00M | $174.75M | $1.11B | $1.00M | $3.00M | $- | $- | $- | $- | $- |
| Goodwill and Intangible Assets | $10.54B | $2.48B | $356.00M | $121.00M | $121.00M | $1.70B | $154.00M | $176.00M | $176.00M | $1.00M | $3.00M | $2.43B | $1.55B | $- | $- | $- |
| Long Term Investments | $73.11B | $42.56B | $2.64B | $20.09B | $20.10B | $20.36B | $29.77B | $27.38B | $22.23B | $5.35B | $5.29B | $2.44B | $1.56B | $1.09B | $1.19B | $- |
| Tax Assets | $699.90M | $383.60M | $429.79M | $491.63M | $488.15M | $433.29M | $531.00M | $586.80M | $469.75M | $15.97M | $19.97M | $18.97M | $17.00M | $- | $- | $- |
| Other Non-Current Assets | $14.75B | $52.84B | $44.62B | $-491.63M | $-488.15M | $-2.14B | $-531.00M | $-586.80M | $-469.75M | $-15.97M | $-19.97M | $-2.44B | $-1.57B | $-1.09B | $-1.19B | $- |
| Total Non-Current Assets | $99.39B | $55.70B | $48.34B | $20.38B | $20.38B | $20.55B | $30.12B | $27.75B | $22.59B | $5.35B | $5.29B | $2.44B | $1.57B | $1.09B | $1.19B | $- |
| Other Assets | $5.81B | $1 | $1 | $26.40B | $23.55B | $20.95B | $10.80B | $10.01B | $15.24B | $5.82B | $5.79B | $2.00B | $196.00M | $219.34M | $207.37M | $- |
| Total Assets | $130.53B | $59.59B | $57.56B | $51.18B | $47.99B | $44.95B | $43.50B | $41.39B | $41.02B | $11.57B | $11.49B | $4.87B | $2.64B | $1.39B | $1.44B | $- |
| Account Payables | $- | $- | $- | $- | $- | $- | $151.00M | $83.00M | $76.00M | $104.00M | $132.00M | $23.00M | $13.00M | $4.92M | $4.00M | $- |
| Short Term Debt | $- | $- | $- | $- | $1.32B | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Tax Payables | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $676.00K | $- |
| Deferred Revenue | $- | $1 | $1 | $- | $1 | $- | $78.00M | $77.00M | $79.00M | $81.00M | $82.00M | $85.00M | $- | $- | $- | $- |
| Other Current Liabilities | $734.00M | $4.49B | $4.44B | $- | $-1.32B | $- | $718.00M | $-160.00M | $-155.00M | $-185.00M | $-214.00M | $-108.00M | $- | $-4.92M | $-4.68M | $- |
| Total Current Liabilities | $734.00M | $8.33B | $4.44B | $4.77B | $3.93B | $5.19B | $947.00M | $160.00M | $155.00M | $185.00M | $214.00M | $108.00M | $13.00M | $4.92M | $504.00K | $- |
| Long Term Debt | $7.87B | $3.73B | $6.40B | $2.91B | $3.39B | $3.73B | $3.80B | $3.27B | $2.46B | $751.00M | $204.00M | $- | $- | $- | $1.25M | $- |
| Deferred Revenue Non-Current | $- | $- | $- | $- | $- | $- | $77.96M | $76.45M | $79.13M | $80.86M | $81.89M | $84.88M | $- | $- | $- | $- |
| Deferred Tax Liabilities Non-Current | $- | $- | $- | $- | $- | $- | $-77.96M | $-76.45M | $-79.13M | $-80.86M | $-81.89M | $- | $- | $- | $- | $- |
| Other Non-Current Liabilities | $104.96B | $41.07B | $40.59B | $-2.91B | $-3.39B | $-3.73B | $32.23B | $-3.27B | $-2.46B | $-751.00M | $-204.00M | $-84.88M | $1.38B | $- | $-1.25M | $- |
| Total Non-Current Liabilities | $112.83B | $44.80B | $46.99B | $2.91B | $3.40B | $3.73B | $947.00M | $160.00M | $155.00M | $185.00M | $214.00M | $3.56B | $1.38B | $67.60K | $1.25M | $- |
| Other Liabilities | $-2.88B | $- | $1 | $-4.77B | $-3.93B | $-5.19B | $37.64B | $40.40B | $39.40B | $9.75B | $9.63B | $-79.76M | $- | $1.28B | $1.36B | $- |
| Total Liabilities | $110.68B | $53.14B | $51.43B | $2.91B | $3.40B | $3.73B | $39.53B | $40.72B | $39.71B | $10.12B | $10.06B | $3.59B | $1.39B | $1.28B | $1.36B | $- |
| Preferred Stock | $2.75B | $2.72B | $2.69B | $2.66B | $2.63B | $2.61B | $2.51B | $- | $2.46B | $- | $- | $- | $- | $- | $- | $- |
| Common Stock | $8.17B | $6.32B | $5.16B | $4.13B | $1.90B | $2.29B | $1.45B | $655.00M | $1.30B | $1.45B | $1.44B | $1.28B | $1.25B | $102.63M | $77.98M | $- |
| Retained Earnings | $1.49B | $1.25B | $940.17M | $525.00M | $-24.00M | $209.14M | $441.80M | $299.85M | $83.13M | $79.86M | $-47.94M | $-5.99M | $1.00M | $4.55M | $1.65M | $- |
| Accumulated Other Comprehensive Income Loss | $381.94M | $-115.88M | $-119.39M | $-445.00M | $-500.13M | $-317.21M | $-882.60M | $-1.58B | $-730.17M | $-129.77M | $-15.98M | $32.95M | $- | $4.48M | $3.54M | $65.46M |
| Other Total Stockholders Equity | $-1.87B | $-3.98B | $-2.72B | $-80.00M | $-501.00M | $-361.00M | $-296.00M | $-1.59B | $-3.19B | $-130.00M | $-64.00M | $-33.00M | $-1.00M | $199.00K | $163.00K | $- |
| Total Stockholders Equity | $10.92B | $6.31B | $5.98B | $6.80B | $4.54B | $4.89B | $3.96B | $655.00M | $1.30B | $1.45B | $1.44B | $1.28B | $1.25B | $111.87M | $83.16M | $65.46M |
| Total Equity | $11.77B | $6.46B | $6.12B | $6.81B | $4.55B | $4.90B | $3.97B | $663.00M | $1.31B | $1.45B | $1.44B | $1.28B | $1.25B | $111.87M | $83.16M | $65.46M |
| Total Liabilities and Stockholders Equity | $130.53B | $63.05B | $57.56B | $51.18B | $47.99B | $44.95B | $43.50B | $41.39B | $41.02B | $11.57B | $11.49B | $4.87B | $2.64B | $1.39B | $1.44B | $65.46M |
| Minority Interest | $847.88M | $144.85M | $145.25M | $8.00M | $9.00M | $9.00M | $8.00M | $8.00M | $8.00M | $- | $- | $- | $- | $- | $- | $- |
| Total Liabilities and Total Equity | $130.53B | $63.05B | $57.56B | $51.18B | $47.99B | $44.95B | $43.50B | $41.39B | $41.02B | $11.57B | $11.49B | $4.87B | $2.64B | $1.39B | $1.44B | $65.46M |
| Total Investments | $4.47B | $42.56B | $6.59B | $34.26B | $32.36B | $31.09B | $30.33B | $28.02B | $29.29B | $5.42B | $5.43B | $2.61B | $1.57B | $1.10B | $1.20B | $- |
| Total Debt | $7.87B | $6.45B | $6.40B | $2.91B | $3.40B | $3.73B | $3.80B | $3.27B | $3.45B | $751.00M | $693.00M | $- | $- | $- | $1.25M | $- |
| Net Debt | $-6.47B | $3.62B | $2.12B | $-541.00M | $502.00M | $1.37B | $1.66B | $117.00M | $1.36B | $428.00M | $300.00M | $-406.00M | $-851.00M | $-80.06M | $-34.22M | $- |
Annual Cash Flow
| Breakdown | December 31, 2023 | December 31, 2022 | December 31, 2021 | December 31, 2020 | December 31, 2019 |
|---|---|---|---|---|---|
| Net Income | $796.00M | $492.00M | $-44.00M | $1.61M | $6.00M |
| Depreciation and Amortization | $50.00M | $13.00M | $- | $446.00K | $217.00K |
| Deferred Income Tax | $12.00M | $65.00M | $2.00M | $541.00K | $- |
| Stock Based Compensation | $- | $- | $- | $- | $- |
| Change in Working Capital | $910.00M | $1.09B | $1.92B | $479.06M | $339.00M |
| Accounts Receivables | $186.00M | $-962.00M | $-9.00M | $- | $- |
| Inventory | $- | $912.00M | $1.75B | $- | $- |
| Accounts Payables | $- | $50.00M | $75.00M | $- | $- |
| Other Working Capital | $724.00M | $1.09B | $110.00M | $479.06M | $339.00M |
| Other Non Cash Items | $-261.00M | $-1.55B | $-301.00M | $-3.36M | $-36.22M |
| Net Cash Provided by Operating Activities | $1.51B | $107.00M | $1.58B | $426.59M | $309.00M |
| Investments in Property Plant and Equipment | $-135.00M | $-24.00M | $-1.00M | $-1.00M | $-35.00K |
| Acquisitions Net | $-185.34M | $-4.78B | $1.00M | $- | $- |
| Purchases of Investments | $-27.41B | $-21.80B | $-5.29B | $-975.57M | $-1.01B |
| Sales Maturities of Investments | $25.83B | $21.48B | $2.02B | $563.72M | $755.00M |
| Other Investing Activities | $65.75M | $778.00M | $-591.00M | $383.00K | $-11.96M |
| Net Cash Used for Investing Activities | $-1.84B | $-4.34B | $-3.86B | $-412.47M | $-268.00M |
| Debt Repayment | $-170.00M | $2.54B | $1.24B | $- | $- |
| Common Stock Issued | $- | $450.00M | $1.41B | $13.00M | $5.00M |
| Common Stock Repurchased | $-5.00M | $-6.00M | $-8.00M | $- | $- |
| Dividends Paid | $- | $-5.76M | $- | $- | $- |
| Other Financing Activities | $2.64B | $3.01B | $- | $96.00K | $-40.00M |
| Net Cash Used Provided by Financing Activities | $2.46B | $5.99B | $2.64B | $13.10M | $-35.00M |
| Effect of Forex Changes on Cash | $- | $-8.00M | $1.00M | $-5.12M | $-1.00M |
| Net Change in Cash | $2.16B | $1.75B | $358.00M | $22.10M | $5.00M |
| Cash at End of Period | $4.31B | $2.15B | $393.00M | $35.46M | $13.00M |
| Cash at Beginning of Period | $2.15B | $393.00M | $35.00M | $13.36M | $8.00M |
| Operating Cash Flow | $1.51B | $107.00M | $1.58B | $426.59M | $309.00M |
| Capital Expenditure | $-135.00M | $-24.00M | $-1.00M | $-1.00M | $-35.00K |
| Free Cash Flow | $1.37B | $83.00M | $1.58B | $425.59M | $308.96M |
Cash Flow Charts
| Breakdown | June 30, 2024 | March 31, 2024 | December 31, 2023 | September 30, 2023 | June 30, 2023 | March 31, 2023 | December 31, 2022 | September 30, 2022 | June 30, 2022 | March 31, 2022 | December 31, 2021 | September 30, 2021 | June 30, 2021 | March 31, 2021 | December 31, 2020 | September 30, 2020 | June 30, 2020 | March 31, 2020 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net Income | $264.00M | $330.52M | $433.66M | $77.00M | $360.00M | $-93.00M | $140.00M | $223.00M | $1.00M | $128.00M | $-43.00M | $-6.00M | $2.10M | $2.90M | $1.61M | $1.00M | $-873.00K | $-127.00K |
| Depreciation and Amortization | $56.99M | $35.84M | $22.61M | $11.00M | $32.00M | $-15.00M | $-2.00M | $12.00M | $3.00M | $3.00M | $- | $- | $- | $107.00K | $- | $- | $- | $81.00K |
| Deferred Income Tax | $- | $- | $45.00M | $-31.00M | $11.00M | $-13.00M | $16.00M | $38.00M | $6.00M | $5.00M | $3.00M | $-3.00M | $974.00K | $1.03M | $541.00K | $- | $42.00K | $-42.00K |
| Stock Based Compensation | $- | $- | $- | $- | $- | $- | $- | $- | $- | $-3.00M | $- | $- | $- | $86.12M | $- | $- | $- | $46.99M |
| Change in Working Capital | $765.38M | $-31.86M | $439.28M | $-56.00M | $501.00M | $45.00M | $-104.00M | $385.00M | $928.00M | $-117.00M | $1.32B | $625.00M | $77.27M | $-103.27M | $332.06M | $99.00M | $72.74M | $-24.74M |
| Accounts Receivables | $- | $- | $245.00M | $745.00M | $-820.00M | $16.00M | $3.00M | $-17.00M | $21.00M | $-7.00M | $- | $- | $- | $- | $- | $- | $- | $- |
| Inventory | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Accounts Payables | $- | $- | $- | $- | $- | $- | $- | $- | $- | $-6.00M | $- | $- | $- | $- | $- | $- | $- | $- |
| Other Working Capital | $765.38M | $-32.00M | $194.28M | $-801.00M | $1.32B | $29.00M | $-107.00M | $402.00M | $907.00M | $-104.00M | $1.32B | $625.00M | $77.27M | $-103.27M | $332.06M | $99.00M | $72.74M | $-24.74M |
| Other Non Cash Items | $123.72M | $-31.86M | $-267.11M | $2.00M | $-68.00M | $274.00M | $-319.00M | $-563.00M | $-774.00M | $104.00M | $-383.00M | $33.00M | $-34.80M | $-2.42M | $-27.61M | $-4.00M | $-69.06M | $-1.01M |
| Net Cash Provided by Operating Activities | $1.21B | $230.96M | $583.22M | $192.00M | $564.00M | $198.00M | $-269.00M | $95.00M | $161.00M | $120.00M | $902.00M | $649.00M | $45.54M | $-15.54M | $306.59M | $96.00M | $2.85M | $21.15M |
| Investments in Property Plant and Equipment | $- | $-15.93M | $-138.73M | $-987.30K | $26.00M | $-26.00M | $-11.00M | $-6.00M | $-7.00M | $- | $1.00M | $-1.00M | $-1.00M | $-328.00K | $-617.00K | $- | $13.00K | $-13.00K |
| Acquisitions Net | $10.87B | $-2.99M | $-188.04M | $987.30K | $-26.00M | $14.00M | $-228.00M | $-161.00M | $-4.14B | $-253.00M | $- | $- | $- | $- | $- | $- | $- | $- |
| Purchases of Investments | $-12.62B | $-9.37B | $-10.06B | $-3.30B | $-7.01B | $-5.36B | $-10.24B | $-6.30B | $-3.56B | $-1.70B | $-2.84B | $-1.57B | $-598.75M | $-283.25M | $-441.57M | $-242.00M | $-93.39M | $-198.61M |
| Sales Maturities of Investments | $10.79B | $7.06B | $10.32B | $2.84B | $6.33B | $5.44B | $7.95B | $7.69B | $3.88B | $1.96B | $1.03B | $498.00M | $178.87M | $316.13M | $119.72M | $159.00M | $102.17M | $182.84M |
| Other Investing Activities | $157.30M | $38.83M | $1.05M | $247.00M | $-813.00M | $-141.00M | $1.33B | $-528.00M | $223.00M | $-252.00M | $-589.00M | $-1.08B | $-427.00M | $40.00M | $-295.00M | $-83.00M | $-3.50M | $-3.50M |
| Net Cash Used for Investing Activities | $9.19B | $-2.29B | $-61.70M | $-216.00M | $-1.49B | $-74.00M | $-1.20B | $697.00M | $-3.60B | $-244.00M | $-2.40B | $-1.08B | $-420.54M | $32.54M | $-322.47M | $-83.00M | $8.79M | $-15.79M |
| Debt Repayment | $- | $- | $382.00M | $-400.00M | $-40.00M | $-112.00M | $2.88B | $-2.61B | $4.66B | $124.00M | $1.24B | $- | $- | $- | $-268.00K | $- | $62.00K | $-62.00K |
| Common Stock Issued | $- | $- | $- | $- | $- | $- | $163.54M | $- | $450.00M | $- | $250.00M | $29.51M | $1.14B | $25.00M | $13.36M | $- | $- | $- |
| Common Stock Repurchased | $-6.00M | $-3.00M | $-2.00M | $-3.00M | $- | $- | $-1.19M | $-2.00M | $-1.00M | $-2.00M | $- | $-127.22K | $- | $- | $- | $- | $- | $- |
| Dividends Paid | $-2.96M | $-2.99M | $-2.10M | $-2.96M | $- | $- | $- | $- | $- | $-2.00M | $- | $- | $- | $- | $- | $- | $- | $- |
| Other Financing Activities | $1.33B | $337.49M | $-40.00M | $983.00M | $1.50B | $198.00M | $-2.42B | $2.89B | $25.00M | $2.00M | $-2.00M | $-19.00M | $13.00M | $-408.00K | $-50.00M | $50.00M | $- | $- |
| Net Cash Used Provided by Financing Activities | $1.33B | $334.50M | $382.65M | $580.00M | $1.46B | $86.00M | $460.00M | $281.00M | $5.20B | $53.00M | $1.49B | $-19.00M | $1.15B | $24.59M | $-36.90M | $50.00M | $62.00K | $-62.00K |
| Effect of Forex Changes on Cash | $- | $-6.00M | $463.67M | $-1.00M | $2.00M | $-1.00M | $-3.00M | $-4.00M | $-2.00M | $1.00M | $-2.00M | $2.00M | $-2.00M | $3.00M | $-5.12M | $- | $1.69M | $-1.69M |
| Net Change in Cash | $11.76B | $-1.71B | $854.48M | $555.00M | $539.00M | $209.00M | $-1.01B | $1.07B | $1.76B | $-70.00M | $-13.00M | $-445.00M | $770.94M | $44.60M | $-57.54M | $63.00M | $13.03M | $3.61M |
| Cash at End of Period | $14.33B | $2.57B | $4.29B | $3.45B | $2.89B | $2.35B | $2.15B | $3.15B | $2.08B | $323.00M | $393.00M | $406.00M | $851.00M | $80.06M | $35.46M | $93.00M | $30.00M | $16.98M |
| Cash at Beginning of Period | $2.57B | $4.29B | $3.43B | $2.89B | $2.35B | $2.15B | $3.15B | $2.08B | $323.00M | $393.00M | $406.00M | $851.00M | $80.06M | $35.46M | $93.00M | $30.00M | $16.98M | $13.36M |
| Operating Cash Flow | $1.21B | $230.96M | $583.22M | $192.00M | $564.00M | $198.00M | $-269.00M | $95.00M | $161.00M | $120.00M | $902.00M | $649.00M | $45.54M | $-15.54M | $306.59M | $96.00M | $2.85M | $21.15M |
| Capital Expenditure | $- | $-15.93M | $-138.73M | $-987.30K | $26.00M | $-26.00M | $-11.00M | $-6.00M | $-7.00M | $- | $1.00M | $-1.00M | $-1.00M | $-328.00K | $-617.00K | $- | $13.00K | $-13.00K |
| Free Cash Flow | $1.19B | $215.04M | $444.49M | $191.01M | $590.00M | $172.00M | $-280.00M | $89.00M | $154.00M | $120.00M | $903.00M | $648.00M | $44.54M | $-15.87M | $305.98M | $96.00M | $2.86M | $21.14M |
Brookfield Reinsurance Dividends
Explore Brookfield Reinsurance's dividend history, including dividend yield, payout ratio, and historical payments.
Dividend Yield
-
Dividend Payout Ratio
-
Dividend Paid & Capex Coverage Ratio
11.16x
Brookfield Reinsurance Dividend History
| Dividend | Adjusted Dividend | Date | Record Date | Payment Date | Declaration Date |
|---|---|---|---|---|---|
| $0.08 | $0.08 | September 12, 2024 | September 12, 2024 | September 27, 2024 | |
| $0.08 | $0.08 | June 13, 2024 | June 13, 2024 | June 28, 2024 | |
| $0.08 | $0.08 | March 12, 2024 | March 13, 2024 | March 28, 2024 | February 09, 2024 |
| $0.07 | $0.07 | December 13, 2023 | December 14, 2023 | December 29, 2023 | November 10, 2023 |
| $0.07 | $0.07 | September 13, 2023 | September 14, 2023 | September 29, 2023 | August 11, 2023 |
| $0.07 | $0.07 | June 14, 2023 | June 15, 2023 | June 30, 2023 | May 12, 2023 |
| $0.07 | $0.07 | March 15, 2023 | March 16, 2023 | March 31, 2023 | |
| $5.481 | $5.481 | December 12, 2022 | December 02, 2022 | November 24, 2022 | |
| $0.14 | $0.14 | November 29, 2022 | November 30, 2022 | December 30, 2022 | |
| $0.14 | $0.14 | September 13, 2022 | September 14, 2022 | September 29, 2022 | |
| $0.14 | $0.14 | June 14, 2022 | June 15, 2022 | June 30, 2022 | |
| $0.14 | $0.14 | March 15, 2022 | March 16, 2022 | March 31, 2022 | February 10, 2022 |
| $0.13 | $0.13 | December 15, 2021 | December 16, 2021 | December 31, 2021 | November 11, 2021 |
| $0.13 | $0.13 | September 13, 2021 | September 14, 2021 | September 29, 2021 | August 12, 2021 |
Brookfield Reinsurance News
Read the latest news about Brookfield Reinsurance, including recent articles, headlines, and updates.
Brookfield Reinsurance: Wealth Solutions Growth Vector Is Gaining Momentum
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 Wealth Solutions Announces Second Quarter Results and Declares Regular Quarterly Distribution
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 Reinsurance Announces Voting Results from Shareholder Meeting
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 Details of Upcoming Shareholders 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 Credit Rating Upgrade of American Equity Investment Life Insurance Company to A
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 Completes Acquisition of AEL
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 Annual Filings
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.
Hearing Date Set for Brookfield Reinsurance Acquisition of AEL
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”).
Brookfield Reinsurance Announces Commencement of Exchange Offer
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 Exchange Offer
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 Results for Election of Directors
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 to acquire remaining shares of AEL in $4.3 billion cash-and-stock deal
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 Completes Filing of Recast Financial Statements; Announces date of Shareholder Meeting
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 may soon own American Equity
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.
AEL's stock jump 15% after company confirms $55 a share offer from Brookfield Reinsurance
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.
AM Best Affirms Credit Ratings of North End Re (Cayman) SPC
OLDWICK, N.J.--(BUSINESS WIRE)--AM Best has affirmed the Financial Strength Rating (FSR) of A- (Excellent) and the Long-Term Issuer Credit Rating (Long-Term ICR) of “a-” (Excellent) of North End Re (Cayman) SPC (NER Cayman) (Cayman Islands). The outlook of these Credit Ratings (ratings) is stable. The ratings reflect NER Cayman’s balance sheet strength, which AM Best assesses as very strong, as well as its adequate operating performance, neutral business profile and appropriate enterprise risk management. The ratings also reflect NER Cayman’s execution of its business plan, which includes maintaining a favorable risk-adjusted capitalization, as measured by Best’s Capital Adequacy Ratio (BCAR). In 2021, NER Cayman executed a reinsurance transaction with American Equity Investment Life Holding Company [NYSE: AEL] (AEL), under which NER Cayman agreed to assume up to $10 billion of annuity products issued by American Equity Investment Life Insurance Company, a subsidiary of AEL. As of year-end 2022, the management of this business has produced favorable results with NER Cayman reporting $195 million in net income. NER Cayman’s parent, Brookfield Reinsurance Ltd. [NYSE, TSX: BNRE] (Brookfield Reinsurance), is a publicly traded company focused on providing capital-based solutions and insurance and reinsurance services to individuals and institutions. Brookfield Reinsurance seeks capital-intensive business to leverage its asset management and sourcing capabilities. In August 2021, Brookfield Reinsurance announced an agreement to acquire American National Group, Inc. in a cash transaction valued at approximately $5.1 billion, which closed in May 2022. NER Cayman geographically complements its sister company, North End Re Ltd., which also began its reinsurance operations in 2021. The company has another sister company, Brookfield Annuity Company, that provides pension risk transfer solutions in Canada. This press release relates to Credit Ratings that have been published on AM Best’s website. For all rating information relating to the release and pertinent disclosures, including details of the office responsible for issuing each of the individual ratings referenced in this release, please see AM Best’s Recent Rating Activity web page. For additional information regarding the use and limitations of Credit Rating opinions, please view Guide to Best's Credit Ratings. For information on the proper use of Best’s Credit Ratings, Best’s Performance Assessments, Best’s Preliminary Credit Assessments and AM Best press releases, please view Guide to Proper Use of Best’s Ratings & Assessments. AM Best is a global credit rating agency, news publisher and data analytics provider specializing in the insurance industry. Headquartered in the United States, the company does business in over 100 countries with regional offices in London, Amsterdam, Dubai, Hong Kong, Singapore and Mexico City. For more information, visit www.ambest.com. Copyright © 2023 by A.M. Best Rating Services, Inc. and/or its affiliates. ALL RIGHTS RESERVED.
ARGO GROUP INVESTOR ALERT by the Former Attorney General of Louisiana: Kahn Swick & Foti, LLC Investigates Adequacy of Price and Process in Proposed Sale of Argo Group International Holdings, Ltd. - ARGO
NEW ORLEANS--(BUSINESS WIRE)--Former Attorney General of Louisiana Charles C. Foti, Jr., Esq. and the law firm of Kahn Swick & Foti, LLC (“KSF”) are investigating the proposed sale of Argo Group International Holdings, Ltd. (NYSE: ARGO) to Brookfield Reinsurance Ltd. (NYSE: BNRE). Under the terms of the proposed transaction, shareholders of Argo will receive $30.00 in cash for each share of Argo that they own.
ARGO GROUP INVESTOR ALERT by The Former Attorney General of Louisiana: Kahn Swick & Foti, LLC Investigates Adequacy of Price and Process in Proposed Sale of Argo Group International Holdings, Ltd. - ARGO
NEW ORLEANS--(BUSINESS WIRE)--Former Attorney General of Louisiana Charles C. Foti, Jr., Esq. and the law firm of Kahn Swick & Foti, LLC (“KSF”) are investigating the proposed sale of Argo Group International Holdings, Ltd. (NYSE: ARGO) to Brookfield Reinsurance Ltd. (NYSE: BNRE). Under the terms of the proposed transaction, shareholders of Argo will receive $30.00 in cash for each share of Argo that they own.
SHAREHOLDER ALERT: Weiss Law Investigates Argo Group International Holdings, Ltd.
NEW YORK , Feb. 8, 2023 /PRNewswire/ -- Weiss Law is investigating possible breaches of fiduciary duty and other violations of law by the board of directors of Argo Group International Holdings, Ltd. ("Argo" or the "Company") (NYSE: ARGO), in connection with the proposed acquisition of the Company by Brookfield Reinsurance Ltd.
Brookfield Reinsurance Announces Timing of Special General Meeting
BROOKFIELD, NEWS, Sept. 23, 2022 (GLOBE NEWSWIRE) -- Brookfield Reinsurance (NYSE, TSX: BAMR) (“Brookfield Reinsurance” or the “Company”) announced today that a special general meeting of its shareholders has been called for November 9, 2022.
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