Increase in Distributable Earnings
Distributed earnings before realizations increased 13% year-over-year to $1.3 billion, which was $0.80 per share for the quarter.
Significant Asset Sales
Completed $55 billion of asset sales so far this year, including $35 billion in the quarter, returning meaningful capital to investors.
Strong Asset Management Performance
Asset Management business generated distributable earnings of $650 million or $0.41 per share in the quarter, with fee-bearing capital growing to $563 billion.
Growth in Wealth Solutions Business
Wealth Solutions business delivered distributable operating earnings of $391 million or $0.25 per share in the quarter, with insurance assets expected to grow by approximately $40 billion.
Landmark Partnership with Google
Signed an agreement with Google to deliver up to 3,000 megawatts of hydroelectric capacity across the U.S.
Record Deployable Capital
Ended the quarter with record deployable capital of $177 billion.