Brookfield Wealth Solutions (BNT) Q2 2025 earnings summary

Executive summary

• Achieved strong returns and growth in product offerings, with sales expected to accelerate in H2 2025.

• Announced transformational acquisition of Just Group plc. to expand in the U.K. retirement market.

• Board approved a three-for-two stock split for class A and B shares, enhancing liquidity and accessibility.

Financial highlights

• Total assets reached $148.9 billion as of June 30, 2025, up from $130.5 billion year-over-year.

• Net income for Q2 2025 was $516 million, up from $269 million in Q2 2024; six-month net income was $234 million, down from $606 million year-over-year.

• Distributable operating earnings for Q2 2025 were $398 million, up from $298 million in Q2 2024.

• Adjusted equity rose to $14.7 billion from $10.5 billion year-over-year.

• Deployed $3.5 billion into new investment strategies at an average yield of 8%.

Outlook and guidance

• On track to achieve full-year targets, supported by a strong capital base and active investment pipeline.

• Anticipates increased sales and growth in the second half of 2025.

• Just Group acquisition expected to accelerate U.K. business growth, closing anticipated in H1 2026.