BNT

MKT CAP:$15B

Brookfield Wealth Solutions Ltd.

Market Cap

$15B

Financial Services·Insurance - Diversified·🇧🇲 Bermuda·NYSE

Financials·Insurance·🇧🇲·NYSE

Stock Price

$45.94-$0.74 (-1.60%)

Apr 23, 2026

Company Details

Brookfield Reinsurance Ltd., through its subsidiaries, provides insurance and reinsurance services to individuals and institutions in the United States, Canada, and internationally. The company operates in three segments: Direct Insurance, ...

CEO

Sachin G. Shah

IPO Date

Jun 28, 2021

Website

bnre.brookfield.com

Key Metrics TTM

Revenue

$9.8B

+7.4% YoY

Net Income

$1.7B

EPS (Diluted)

$13.66

Free Cash Flow

$1.7B

Revenue / Share

$40.27

Gross Margin

60.0%

Operating Margin

18.6%

Net Margin

16.9%

FCF Margin

17.5%

P/S

1.5x

P/E

9.2x

Earnings Reports

Q3 2025

May 7, 2026

PENDING

Q2 2025

Jun 30, 2025

$2.9BEPS $1.76

Q1 2024

Mar 31, 2024

$2.5BEPS $2.30

FY 2023

Dec 31, 2023

$7.0B+59.1%EPS $5.47

Q4 2023

Dec 31, 2023

$2.3B+49.5%EPS $3.13

Revenue & Profitability

Quarter	Revenue	Gross Profit	Operating Income
Q1 20	-$10M	-$10M	-$169.0K
Q3 20	$114M	$114M	$1M
Q4 20	$333M	$333M	$2M
Q1 21	-$60M	-$60M	$4M
Q2 21	$89M	$89M	$3M
Q3 21	$2.3B	$2.3B	-$8M
Q4 21	$5.0B	$5.0B	-$40M
Q1 22	$278M	$278M	$161M
Q4 22	$1.6B	$1.6B	$155M
Q2 23	$2.0B	$2.0B	$373M
Q4 23	$2.3B	$2.3B	$478M
Q1 24	$2.5B	$516M	$362M
Q2 25	$2.9B	$1.0B	$607M

Valuation

Quarter	P/S	P/E
Q1 20	—	—
Q3 20	—	—
Q4 20	—	—
Q1 21	40.1x	2761.5x
Q2 21	31.8x	1989.5x
Q3 21	5.7x	24894.5x
Q4 21	2.1x	—
Q1 22	2.0x	138.9x
Q4 22	1.7x	61.3x
Q2 23	1.7x	24.6x
Q4 23	2.5x	13.6x
Q1 24	1.8x	11.7x
Q2 25	1.5x	9.2x

Operating Cash Flow

Quarter	Operating CF	Free CF
Q1 20	$21M	$21M
Q3 20	$96M	$96M
Q4 20	$307M	$306M
Q1 21	-$23M	-$23M
Q2 21	$53M	$52M
Q3 21	$649M	$648M
Q4 21	$902M	$903M
Q1 22	$77M	$77M
Q4 22	-$269M	-$280M
Q2 23	$564M	$590M
Q4 23	$553M	$418M
Q1 24	$232M	$216M
Q2 25	$511M	$488M

Capital Expenditures

Quarter	CapEx
Q1 20	$13.0K
Q3 20	$0
Q4 20	$617.0K
Q1 21	$0
Q2 21	$1M
Q3 21	$1M
Q4 21	$1M
Q1 22	$0
Q4 22	$11M
Q2 23	$26M
Q4 23	$135M
Q1 24	$16M
Q2 25	$23M

CapEx

OpEx vs Revenue Growth (YoY)

Quarter	Revenue Growth	OpEx Growth
Q2 21	+1012.4%	+997.2%
Q3 21	+1893.0%	+1917.7%
Q4 21	+1395.9%	+1417.7%
Q1 22	+563.3%	+282.8%
Q4 22	+1649.4%	+1530.2%
Q2 23	-11.8%	-28.5%
Q4 23	-53.3%	-63.2%
Q1 24	+809.7%	+1752.1%
Q2 25	+86.6%	+64.0%

Stock-Based Compensation

Quarter	SBC ($)	% of Revenue
Q1 20	$0	—
Q3 20	$0	0.0%
Q4 20	$0	0.0%
Q1 21	$0	—
Q2 21	$0	0.0%
Q3 21	$0	0.0%
Q4 21	$0	0.0%
Q1 22	$0	0.0%
Q4 22	$0	0.0%
Q2 23	$0	0.0%
Q4 23	$0	0.0%
Q1 24	$0	0.0%
Q2 25	$0	0.0%

War Chest

Quarter	Cash	Short-term Investments	Total
Q1 22	$323M	$0	$323M
Q2 22	$2.1B	$655M	$2.7B
Q3 22	$3.2B	$0	$3.2B
Q4 22	$2.1B	$2.9B	$5.0B
Q1 23	$2.4B	$19.2B	$21.6B
Q2 23	$2.9B	$18.7B	$21.6B
Q3 23	$3.4B	$3.8B	$7.2B
Q4 23	$4.3B	$21.9B	$26.2B
Q1 24	$2.6B	$8.0B	$10.6B
Q2 24	$14.3B	$16.1B	$30.4B
Q3 24	$14.6B	$6.3B	$21.0B
Q4 24	$12.2B	$16.8B	$29.0B
Q1 25	$8.3B	$22.8B	$31.0B
Q2 25	$13.1B	$17.7B	$30.8B
Q3 25	$12.2B	$14.2B	$26.4B
Q4 25	$13.0B	$12.9B	$25.9B

Shares Outstanding

Quarter	Shares (Diluted)	QoQ Change	YoY Change
Q1 20	28M	—	—
Q3 20	28M	0.0%	—
Q4 20	28M	0.0%	—
Q1 21	28M	0.0%	—
Q2 21	28M	+0.0%	+0.0%
Q3 21	17M	-39.2%	-39.1%
Q4 21	34M	+103.4%	+23.8%
Q1 22	34M	0.0%	+23.8%
Q4 22	51M	+46.8%	+81.6%
Q2 23	52M	+2.4%	+205.8%
Q4 23	145M	+180.9%	+322.3%
Q1 24	145M	0.0%	+322.3%
Q2 25	243M	+66.7%	+379.7%

Shares Outstanding