Brookfield Wealth Solutions
BNT · NYSEInsurance Carriers, NEC · Fiscal year ends Dec 31
Brookfield Wealth Solutions reported revenue of $11.6B in the fiscal year ended Dec 2025, down 17.5% from the year before. Net income was $863M. Operating cash flow of $2.6B less capital expenditure of $69M left free cash flow of $2.5B.
Last 5 fiscal years
Revenue and net income
Income statement
| Fiscal year | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|
| Revenue | $1B | $4.4B | $6.9B | $14.1B | $11.6B |
| Interest expense | $1M | $104M | $249M | $362M | $379M |
| Pre-tax income | −$113M | $532M | $814M | $1.2B | $967M |
| Income tax | −$1M | $31M | $17M | −$34M | $104M |
| Net income | −$112M | $501M | $797M | $1.2B | $863M |
| Diluted EPS | −4.92 | 13.75 | 10.51 | 8.69 | 3.35 |
Balance sheet
| Fiscal year | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|
| Cash & equivalents | $393M | $2.1B | $4.3B | $12.2B | $13B |
| Goodwill | $0 | $121M | $121M | $783M | $783M |
| Total assets | $11.6B | $43.5B | $61.6B | $140B | $157B |
| Total liabilities | $10.2B | $39.2B | $52.8B | $127B | $139B |
| Shareholders' equity | $1.3B | $1.7B | $6.2B | $13.1B | $17.9B |
Cash flow
| Fiscal year | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|
| Operating cash flow | $1.7B | $644M | $1.5B | $4.6B | $2.6B |
| Capital expenditure | $1M | $24M | $135M | $40M | $69M |
| Free cash flow | $1.7B | $620M | $1.4B | $4.5B | $2.5B |
| Depreciation & amortisation | – | $13M | $50M | $206M | $218M |
| Acquisitions | $0 | $4.1B | $346M | −$10.8B | $0 |
Key ratios
| Fiscal year | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|
| Revenue growth (YoY) | – | 323.9% | 56.6% | 104.0% | −17.5% |
| EPS growth (YoY) | – | – | −23.6% | −17.3% | −61.4% |
| Net margin | −10.8% | 11.4% | 11.5% | 8.8% | 7.4% |
| Return on equityBlank when equity is negative | −8.3% | 29.7% | 12.9% | 9.5% | 4.8% |
| Free cash flow margin | 162.1% | 14.0% | 19.8% | 32.1% | 21.9% |
| Cash conversion (CFO ÷ net income) | −15.1x | 1.29x | 1.89x | 3.66x | 3.03x |
Recent filings
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Standardised figures from the company's XBRL filings with the SEC (10-K, 10-Q). Line items follow US GAAP tags, so a company's own statement layout may differ and some lines show “–” where the company does not report that item. Ratios are calculated from these figures. For education only; not investment advice or a recommendation.