Brookfield Wealth Solutions Announces Year End 2025 Results and Declares Quarterly Distribution Increase

Executive Summary

• Brookfield Wealth Solutions reported unaudited Q4 and full‑year 2025 results, showing a rise in distributable operating earnings (DOE) to $437 M for the quarter and $1.7 B for the year versus prior‑year levels.
• Net income turned positive for the quarter at $21 M (up from $576 M loss YoY) and reached $863 M for the full year, reflecting higher investment income and asset growth.
• The Board declared a 17% increase in the quarterly return of capital to $0.07 per share (annualized $0.28), payable March 31 2026.

Key Details

• Financial Highlights – Q4 2025
• Total assets: $157.2 B (up from $140.0 B YoY).
• Distributable operating earnings (DOE): $437 M (vs. $427 M YoY).
• Net income: $21 M (vs. a loss of $576 M in Q4 2024).

• Cash & short‑term liquid investments: ~$35 B; long‑term liquid investments: ~$26 B.

• Financial Highlights – Full Year 2025

• Total assets: $157.2 B (up from $139.9 B YoY).
• DOE: $1,699 M (vs. $1,374 M YoY).
• Net income: $863 M (vs. $1,247 M YoY).

• Distributable operating earnings per share (Class A): $0.24 (up from $0.20 YoY).

• Operational Highlights

• Deployed $13 B into Brookfield‑originated strategies at an average yield of 8.5%.
• Originated $20 B of annuity sales across retail, pension and funding agreement channels.

• Property & casualty float remained stable at ~ $8 B.

• Strategic Updates

• Acquisition of Just Group plc remains on track to close in H1 2026.

• First Japan‑based reinsurance agreement effective October 2025.

• Distribution Declaration

• Quarterly return of capital increased 17% to $0.07 per Class A and B share (annualized $0.28).

• Payable March 31 2026 to shareholders of record as of March 17 2026.

• Brookfield Corporation Results (referenced)

• Net income of consolidated business Q4 2025: $1,681 M; full‑year 2025: $3,235 M.

• Distributable earnings per Brookfield Class A share FY 2025: $2.27 (vs. $2.05 YoY).

• Balance Sheet Highlights

• Cash & cash equivalents: $13.5 B (down from $16.6 B YoY).
• Investments: $109.6 B (up from $88.6 B YoY).

• Policyholders’ account balances: $93.0 B (up from $83.1 B YoY).

• Reconciliation of Net Income to DOE (Full Year)

• Net income: $863 M
• Adjustments (unrealized investment losses, mark‑to‑market, tax, transaction costs, depreciation): +$834 M
• Resulting DOE: $1,699 M

Notable Quotes

• “2025 was another strong year for our business… we look forward to the continued success of our business this year and beyond.” – Sachin Shah, CEO, Brookfield Wealth Solutions.