Brookfield Reinsurance (BNRE) Financial Statements
Price: $47.12
Market Cap: $6.87B
Avg Volume: 4.73K
Market Cap: $6.87B
Avg Volume: 4.73K
Country: BM
Industry: Insurance - Reinsurance
Sector: Financial Services
Industry: Insurance - Reinsurance
Sector: Financial Services
Overview of Financial Statements
Financial statements are records that provide an overview of a company's financial performance and position. There are three main types of financial statements:
- Income Statement: Shows the company's revenue, expenses, and profit over a specific period.
- Balance Sheet: Provides a snapshot of the company's assets, liabilities, and equity at a specific point in time.
- Cash Flow Statement: Details the cash inflows and outflows from operating, investing, and financing activities over a period.
This page presents both annual and quarterly data for these financial statements. The charts below provide a visual representation of the key metrics from each statement, helping you to quickly understand the financial health of Brookfield Reinsurance.
Income Statement
| Breakdown | December 31, 2023 | December 31, 2022 | December 31, 2021 | December 31, 2020 | December 31, 2019 | December 31, 2018 |
|---|---|---|---|---|---|---|
| Revenue | $7.15B | $4.31B | $7.29B | $514.24M | $382.00M | $160.89M |
| Cost of Revenue | $- | $- | $- | $- | $- | $- |
| Gross Profit | $7.15B | $4.31B | $7.29B | $514.24M | $382.00M | $160.89M |
| Gross Profit Ratio | 100.00% | 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 | $4.19M |
| Selling and Marketing Expenses | $- | $- | $- | $- | $- | $- |
| Selling General and Administrative Expenses | $801.00M | $333.00M | $31.00M | $5.98M | $6.00M | $4.19M |
| Other Expenses | $- | $-4.69B | $-7.36B | $-518.07M | $-382.00M | $-165.47M |
| Operating Expenses | $5.96B | $-4.36B | $-7.33B | $-512.09M | $-376.00M | $-161.28M |
| Cost and Expenses | $5.96B | $4.54B | $7.33B | $512.09M | $376.00M | $161.39M |
| Interest Income | $- | $715.00M | $69.00M | $29.61M | $20.00M | $10.32M |
| Interest Expense | $1.35B | $196.00M | $9.00M | $93.00K | $- | $111.00K |
| Depreciation and Amortization | $50.00M | $12.48M | $100.00M | $469.56K | $217.00K | $229.00K |
| EBITDA | $-10.18M | $1.01B | $48.00M | $2.60M | $- | $-111.00K |
| EBITDA Ratio | -0.14% | 23.00% | -0.58% | 0.50% | 1.63% | -0.10% |
| Operating Income | $- | $741.00M | $-42.00M | $2.15M | $6.00M | $-396.00K |
| Operating Income Ratio | 0.00% | 17.20% | -0.58% | 0.42% | 1.57% | -0.25% |
| Total Other Income Expenses Net | $814.00M | $51.00M | $-71.00M | $149.00K | $- | $-111.00K |
| Income Before Tax | $814.00M | $560.00M | $-42.00M | $2.15M | $6.00M | $-507.00K |
| Income Before Tax Ratio | 11.39% | 13.00% | -0.58% | 0.42% | 1.57% | -0.32% |
| Income Tax Expense | $17.00M | $68.00M | $2.00M | $541.00K | $45.14K | $67.86K |
| Net Income | $796.00M | $499.00M | $-44.00M | $1.61M | $6.00M | $-507.00K |
| Net Income Ratio | 11.13% | 11.58% | -0.60% | 0.31% | 1.57% | -0.32% |
| EPS | $5.75 | $9.69 | $-1.28 | $24.10 | $0.22 | $-0.02 |
| EPS Diluted | $5.75 | $9.69 | $-1.28 | $24.10 | $0.22 | $-0.02 |
| Weighted Average Shares Outstanding | 117.39M | 50.55M | 34.45M | 66.72K | 27.82M | 27.82M |
| Weighted Average Shares Outstanding Diluted | 117.39M | 50.55M | 34.45M | 66.72K | 27.82M | 27.82M |
| SEC Filing | Source | Source | Source | Source | Source | Source |
Balance Sheet
| Breakdown | December 31, 2023 | December 31, 2022 | December 31, 2021 | December 31, 2020 | December 31, 2019 | December 31, 2018 |
|---|---|---|---|---|---|---|
| Cash and Cash Equivalents | $4.29B | $2.15B | $393.00M | $35.46M | $13.36M | $7.75M |
| 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 | $7.75M |
| 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 | $7.75M |
| Property Plant Equipment Net | $292.50M | $194.00M | $2.00M | $1.80M | $316.00K | $409.00K |
| Goodwill | $121.00M | $102.00M | $101.86M | $- | $- | $- |
| Intangible Assets | $235.00M | $52.00M | $3.00M | $- | $37.00K | $75.00K |
| Goodwill and Intangible Assets | $2.82B | $154.00M | $3.00M | $1.19B | $37.00K | $75.00K |
| 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 | $377.45M |
| Total Non-Current Assets | $48.34B | $30.12B | $5.29B | $1.19B | $701.36M | $377.93M |
| Other Assets | $1 | $10.80B | $5.77B | $207.37M | $206.46M | $- |
| Total Assets | $57.56B | $43.50B | $11.49B | $1.44B | $926.71M | $385.68M |
| 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 | $1.78M |
| 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 | $1.78M |
| Preferred Stock | $2.69B | $2.51B | $- | $- | $- | $- |
| Common Stock | $5.18B | $1.45B | $1.44B | $77.98M | $64.61M | $59.89M |
| Retained Earnings | $945.00M | $441.80M | $441.40M | $1.65M | $38.00K | $-5.49M |
| Accumulated Other Comprehensive Income Loss | $-119.39M | $-882.60M | $-881.80M | $3.54M | $806.00K | $-2.44M |
| Other Total Stockholders Equity | $-2.73B | $-296.00M | $-505.40M | $- | $- | $- |
| Total Stockholders Equity | $5.98B | $3.96B | $1.44B | $83.16M | $65.46M | $51.96M |
| Total Equity | $6.12B | $3.97B | $1.44B | $83.16M | $65.46M | $51.96M |
| Total Liabilities and Stockholders Equity | $57.56B | $43.50B | $11.49B | $1.44B | $926.71M | $53.74M |
| Minority Interest | $145.25M | $8.00M | $7.99M | $- | $- | $- |
| Total Liabilities and Total Equity | $57.56B | $43.50B | $11.49B | $1.44B | $926.71M | $53.74M |
| 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 | $-7.75M |
Cash Flow Statement
| Breakdown | December 31, 2023 | December 31, 2022 | December 31, 2021 | December 31, 2020 | December 31, 2019 | December 31, 2018 |
|---|---|---|---|---|---|---|
| Net Income | $796.00M | $492.00M | $-44.00M | $1.61M | $6.00M | $-507.00K |
| Depreciation and Amortization | $50.00M | $13.00M | $- | $446.00K | $217.00K | $229.00K |
| 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 | $140.53M |
| 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 | $140.53M |
| Other Non Cash Items | $-261.00M | $-1.55B | $-301.00M | $-3.36M | $-36.22M | $9.30M |
| Net Cash Provided by Operating Activities | $1.51B | $107.00M | $1.58B | $426.59M | $309.00M | $149.55M |
| Investments in Property Plant and Equipment | $-135.00M | $-24.00M | $-1.00M | $-1.00M | $-35.00K | $-2.00K |
| Acquisitions Net | $-185.34M | $-4.78B | $1.00M | $- | $- | $- |
| Purchases of Investments | $-27.41B | $-21.80B | $-5.29B | $-975.57M | $-1.01B | $-526.86M |
| Sales Maturities of Investments | $25.83B | $21.48B | $2.02B | $563.72M | $755.00M | $327.97M |
| Other Investing Activities | $65.75M | $778.00M | $-591.00M | $383.00K | $-11.96M | $-198.89M |
| Net Cash Used for Investing Activities | $-1.84B | $-4.34B | $-3.86B | $-412.47M | $-268.00M | $-198.89M |
| Debt Repayment | $-170.00M | $2.54B | $1.24B | $- | $- | $-78.00K |
| Common Stock Issued | $- | $450.00M | $1.41B | $13.00M | $5.00M | $5.99M |
| Common Stock Repurchased | $-5.00M | $-6.00M | $-8.00M | $- | $- | $- |
| Dividends Paid | $- | $-5.76M | $- | $- | $- | $- |
| Other Financing Activities | $2.64B | $3.01B | $- | $96.00K | $-40.00M | $40.55M |
| Net Cash Used Provided by Financing Activities | $2.46B | $5.99B | $2.64B | $13.10M | $-35.00M | $46.46M |
| Effect of Forex Changes on Cash | $- | $-8.00M | $1.00M | $-5.12M | $-1.00M | $1.41M |
| Net Change in Cash | $2.16B | $1.75B | $358.00M | $22.10M | $5.00M | $-1.47M |
| Cash at End of Period | $4.31B | $2.15B | $393.00M | $35.46M | $13.00M | $7.75M |
| Cash at Beginning of Period | $2.15B | $393.00M | $35.00M | $13.36M | $8.00M | $9.21M |
| Operating Cash Flow | $1.51B | $107.00M | $1.58B | $426.59M | $309.00M | $149.55M |
| Capital Expenditure | $-135.00M | $-24.00M | $-1.00M | $-1.00M | $-35.00K | $-2.00K |
| Free Cash Flow | $1.37B | $83.00M | $1.58B | $425.59M | $308.96M | $149.55M |