Brookfield Wealth Solutions (BNT) Q4 2025 earnings summary

Executive summary

• Achieved strong growth in 2025, expanding product offerings, entering new geographies, and increasing earnings.

• Deployed $13 billion into Brookfield-originated strategies at an average yield of 8.5%.

• Originated $20 billion in annuity sales and progressed international expansion, including the Just Group plc acquisition and a Japan-based reinsurance agreement.

Financial highlights

• Total assets reached $157.2 billion at year-end 2025, up from $140.0 billion in 2024.

• Distributable operating earnings were $1.7 billion for 2025, up from $1.4 billion year-over-year.

• Net income for 2025 was $863 million, down from $1.25 billion in 2024, with Q4 net income at $21 million versus $576 million in Q4 2024.

• Net income per class A share was $0.24 for 2025, up from $0.20 in 2024.

• Quarterly distribution increased by 17% to $0.07 per share, or $0.28 per annum.

Outlook and guidance

• Just Group plc acquisition expected to close in the first half of 2026.

• Management anticipates continued business growth and international expansion.