Brookfield Reinsurance Reports Robust Q1 Results

Brookfield Reinsurance Ltd. (TSE:BNRE) has released an update.

Brookfield Reinsurance reported strong first-quarter results for 2024, buoyed by the successful acquisition of American Equity Life, making it a leading annuity provider in North America. The company saw a significant year-over-year increase in distributable operating earnings, from $145 million to $279 million, and a swing to net income of $337 million from a net loss of $93 million the previous year. The firm also declared a stable quarterly distribution identical to Brookfield Corporation’s, underscoring its robust liquidity position and promising growth trajectory.

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