Brookfield Wealth Solutions (BNT) Q3 2025 earnings summary

Executive summary

• Achieved strong returns driven by investment capabilities and operational expertise, with notable progress in international expansion in the U.K. and Japan.

• Completed $4 billion in new investments at a 9% average yield and originated $5 billion in annuity sales, mainly through the retail channel.

• Announced acquisition of Just Group plc in the U.K., expected to close in H1 2026, and entered first Japan-based reinsurance agreement effective October 2025.

Financial highlights

• Distributable operating earnings for Q3 2025 were $427 million, up from $370 million year-over-year; nine-month DOE reached $1.3 billion, up from $947 million.

• Net income for Q3 2025 was $608 million, a significant increase from $65 million in Q3 2024; nine-month net income was $842 million, up from $671 million.

• Net income per class A share was $0.06 for Q3 2025 and $0.18 for the nine months, compared to $0.05 and $0.15 in the prior year.

• Total assets as of September 30, 2025, were $152.8 billion, up from $137.1 billion a year earlier.

Outlook and guidance

• Positioned for further growth from international activities, especially in the U.K. and Japan, in upcoming quarters.

• Management expects continued benefit from higher yielding investment strategies and improved operating performance.