Brookfield Wealth Solutions Signs First Reinsurance Agreement in Japan with Dai-ichi Frontier Life

Executive Summary

• Brookfield Wealth Solutions Ltd. signed its first Japan‑based reinsurance agreement with Dai‑ichi Frontier Life, effective October 2025.
• The agreement enables Dai‑ichi Frontier Life to reinsure liabilities to Brookfield’s U.S. subsidiary, American National Insurance Company, on a flow basis, expanding Brookfield’s presence in the $6 trillion Japanese life and annuity market.
• The partnership is positioned as a strategic growth catalyst for Brookfield Wealth Solutions in Japan, leveraging its global capital platform and existing local relationships.

Key Details

• Parties: Brookfield Wealth Solutions Ltd. (NYSE/TSX: BNT) and Dai‑ichi Frontier Life (leading Japanese insurance company).
• Effective Date: October 2025.
• Scope: Dai‑ichi Frontier Life will reinsure liabilities to Brookfield’s U.S. subsidiary, American National Insurance Company, on a flow‑based arrangement.
• Strategic Significance: First reinsurance transaction for Brookfield in Japan; aligns with the company’s expansion strategy following the opening of its Tokyo representative office earlier in 2025.
• Market Context: Japan ranks among the world’s largest insurance markets, with individual life and annuity policies exceeding $6 trillion in force.
• Management Commentary:
• Sachin Shah, CEO: Emphasized the strategic importance of Japan and Brookfield’s ability to provide global scale, capital, and operational expertise.
• Tomohide Yokooka, Managing Director, Tokyo: Highlighted the opportunity for Japanese insurers to diversify asset exposures and access longer‑duration solutions; noted an active pipeline of further partnership opportunities.
• Operational Impact: Enhances Brookfield’s reinsurance capacity in Japan, potentially increasing premium flow and risk diversification for its U.S. subsidiary.

Notable Quotes

“We are pleased to partner with Dai‑ichi Frontier Life on our first reinsurance transaction in Japan. Japan is strategically important for Brookfield Wealth Solutions given the size of its life insurance market and favorable macroeconomic trends.” – Sachin Shah, CEO

“Our approach provides insurance partners in Japan with the ability to enhance the strategic diversification of their asset exposures and access to longer‑duration solutions… we look forward to partnering with more Japanese insurers as we grow our business significantly in this market.” – Tomohide Yokooka, Managing Director, Tokyo