The latest update is out from Brookfield Wealth Solutions ( (TSE:BNT) ).
Brookfield Wealth Solutions has announced a significant increase in its group capital, reaching over $16 billion by the end of 2024, a substantial rise from $5.7 billion in 2022. This financial growth supports the company’s A ratings for its life and annuity companies and investment-grade ratings for its holding company, highlighting its robust financial strength. The company attributes this growth to retained earnings and capital contributions from Brookfield Corporation. With plans to enter the UK insurance market, Brookfield Wealth Solutions anticipates continued growth and expansion, which will further solidify its position in the industry.
More about Brookfield Wealth Solutions
Brookfield Wealth Solutions Ltd. (NYSE, TSX: BNT) is dedicated to securing the financial futures of individuals and institutions through a variety of retirement services, wealth protection products, and customized capital solutions.
YTD Price Performance: 0.80%
Average Trading Volume: 9,673
Technical Sentiment Consensus Rating: Hold
Current Market Cap: $10B
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