Brookfield Wealth Solutions Ltd Financials

BNT

Source SEC Filings (10-K/10-Q) Data as of Dec 31, 2025 Currency USD FYE December

This page shows Brookfield Wealth Solutions Ltd (BNT) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 6 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).

Rhea AI BNT FY2025 2026-04-22

Balance-sheet expansion, not factory investment, drives Brookfield Wealth Solutions, while returns on assets have thinned as the platform scaled.

From FY2023 to FY2025, total assets rose from $61.6B to $157.2B, showing how aggressively the company expanded its balance sheet. Yet return on assets slipped from 1.3% to 0.6%, and stronger equity still reduced leverage, so recent growth looks more like capital deepening than higher earnings efficiency.

Operating cash flow has exceeded net income in each of the last three years, including $2.6B versus $863M in FY2025, so reported profit has been supported by real cash generation rather than only by accrual accounting. Because capital spending was just $69M, free cash flow stayed close to operating cash flow, indicating liquidity depends far more on funding and investment movements than on maintaining a large physical asset base.

FY2025 shows a profitability slowdown inside a still-growing balance sheet: revenue fell to $11.6B and net income to $863M even as assets and cash both increased. Liabilities remain large relative to equity, but debt-to-equity improved to 7.8x, which means the larger platform was supported by a somewhat thicker capital cushion than in FY2024.

Financial Health Signals

Financial Health Score 14/100

Scored as: Insurers peer group

Scored against insurers for FY2025. Each of the six dimensions is a percentile rank within that peer group; the overall is their average, with missing dimensions counted as zero out of six. A high score means strong standing among peers, not absolute cross-industry strength. How this score is calculated →

Health score ≠ stock price. This rates the quality of Brookfield Wealth Solutions Ltd's business: profitability, growth, balance sheet strength. It doesn't tell you whether the stock is a good buy at today's price. Not financial advice. Use it alongside valuation analysis and your own research.

Loss Ratio

Capital

Combined Ratio

Stability

Piotroski F-Score Partial

3/5

Brookfield Wealth Solutions Ltd passes 3 of 5 computable financial strength tests (4 of the nine could not be computed from available data). 3 of 4 profitability signals pass, neither operating efficiency signal passes.

Earnings Quality Cash-Backed

3.03x

For every $1 of reported earnings, Brookfield Wealth Solutions Ltd generates $3.03 in operating cash flow ($2.6B OCF vs $863.0M net income). This indicates profits are well-supported by actual cash generation, not accounting adjustments.

Key Financial Metrics

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Earnings & Revenue

Revenue

$11.6B

YoY-17.5%

5Y CAGR+90.1%

Brookfield Wealth Solutions Ltd generated $11.6B in revenue in fiscal year 2025. This represents a decrease of 17.5% from the prior year.

EBITDA

N/A

Net Income

$863.0M

YoY-30.8%

5Y CAGR+161.9%

Brookfield Wealth Solutions Ltd reported $863.0M in net income in fiscal year 2025. This represents a decrease of 30.8% from the prior year.

EPS (Diluted)

N/A

Cash & Balance Sheet

Free Cash Flow

$2.5B

YoY-43.8%

Brookfield Wealth Solutions Ltd generated $2.5B in free cash flow in fiscal year 2025, representing cash available after capex. This represents a decrease of 43.8% from the prior year.

Cash & Debt

$13.0B

YoY+6.3%

5Y CAGR+226.6%

Brookfield Wealth Solutions Ltd held $13.0B in cash against $0 in long-term debt as of fiscal year 2025.

Dividends Per Share

N/A

Shares Outstanding

N/A

Margins & Returns

Gross Margin

N/A

Operating Margin

N/A

Net Margin

7.4%

YoY-1.4pp

5Y CAGR+5.9pp

Brookfield Wealth Solutions Ltd's net profit margin was 7.4% in fiscal year 2025, showing the share of revenue converted to profit. This is down 1.4 percentage points from the prior year.

Return on Equity

4.8%

YoY-4.7pp

5Y CAGR-0.6pp

Brookfield Wealth Solutions Ltd's ROE was 4.8% in fiscal year 2025, measuring profit generated per dollar of shareholder equity. This is down 4.7 percentage points from the prior year.

Capital Allocation

R&D Spending

N/A

Share Buybacks

N/A

Capital Expenditures

$69.0M

YoY+72.5%

Brookfield Wealth Solutions Ltd invested $69.0M in capex in fiscal year 2025, funding long-term assets and infrastructure. This represents an increase of 72.5% from the prior year.

BNT Income Statement

Metric	FY25	FY24	FY23	FY22	FY21	FY20
Revenue	$11.6B-17.5%	$14.1B+104.0%	$6.9B+56.6%	$4.4B+323.9%	$1.0B+122.0%	$469.0M
Cost of Revenue	N/A	N/A	N/A	N/A	N/A	N/A
Gross Profit	N/A	N/A	N/A	N/A	N/A	N/A
R&D Expenses	N/A	N/A	N/A	N/A	N/A	N/A
SG&A Expenses	N/A	N/A	N/A	N/A	N/A	N/A
Operating Income	N/A	N/A	N/A	N/A	N/A	N/A
Interest Expense	$379.0M+4.7%	$362.0M+45.4%	$249.0M+139.4%	$104.0M+10300.0%	$1.0M	$0
Income Tax	$104.0M+405.9%	-$34.0M-300.0%	$17.0M-45.2%	$31.0M+3200.0%	-$1.0M-133.3%	$3.0M
Net Income	$863.0M-30.8%	$1.2B+56.5%	$797.0M+59.1%	$501.0M+547.3%	-$112.0M-1700.0%	$7.0M
EPS (Diluted)	N/A	N/A	N/A	N/A	N/A	$83.88

Metric	Q4'25	Q2'25	Q1'25	Q4'24	Q2'24	Q1'24	Q4'23	Q2'23
Revenue	N/A	$3.0B	N/A	N/A	$2.9B	N/A	N/A	$2.0B
Cost of Revenue	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Gross Profit	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
R&D Expenses	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
SG&A Expenses	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Operating Income	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Interest Expense	N/A	$82.0M	N/A	N/A	$95.0M	N/A	N/A	$60.0M
Income Tax	N/A	$91.0M	N/A	N/A	-$298.0M	N/A	N/A	$13.0M
Net Income	N/A	$516.0M+283.0%	-$282.0M	N/A	$269.0M-20.2%	$337.0M	N/A	$360.0M
EPS (Diluted)	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A

BNT Balance Sheet

Metric	FY25	FY24	FY23	FY22	FY21	FY20
Total Assets	$157.2B+12.3%	$140.0B+127.0%	$61.6B+41.8%	$43.5B+275.4%	$11.6B+718.7%	$1.4B
Current Assets	N/A	N/A	N/A	N/A	N/A	N/A
Cash & Equivalents	$13.0B+6.3%	$12.2B+184.2%	$4.3B+100.8%	$2.1B+445.8%	$393.0M+1022.9%	$35.0M
Inventory	N/A	N/A	N/A	N/A	N/A	N/A
Accounts Receivable	N/A	N/A	N/A	N/A	N/A	N/A
Goodwill	$783.0M0.0%	$783.0M+547.1%	$121.0M0.0%	$121.0M	$0	N/A
Total Liabilities	$139.3B+9.8%	$126.9B+140.3%	$52.8B+34.7%	$39.2B+283.0%	$10.2B+696.3%	$1.3B
Current Liabilities	N/A	N/A	N/A	N/A	N/A	N/A
Long-Term Debt	N/A	N/A	N/A	N/A	N/A	N/A
Total Equity	$17.9B+37.0%	$13.1B+112.4%	$6.2B+265.3%	$1.7B+25.3%	$1.3B+942.6%	$129.0M
Retained Earnings	$2.8B+37.3%	$2.1B+117.4%	$945.0M+204.8%	$310.0M	N/A	N/A

Metric	Q4'25	Q2'25	Q1'25	Q4'24	Q2'24	Q1'24	Q4'23	Q2'23
Total Assets	$157.2B+5.6%	$148.9B	N/A	$140.0B+7.2%	$130.5B	N/A	$61.6B+28.4%	$48.0B
Current Assets	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Cash & Equivalents	$13.0B-0.6%	$13.1B	N/A	$12.2B-14.6%	$14.3B	N/A	$4.3B+48.9%	$2.9B
Inventory	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Accounts Receivable	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Goodwill	$783.0M0.0%	$783.0M	N/A	$783.0M+4.3%	$751.0M	N/A	$121.0M0.0%	$121.0M
Total Liabilities	$139.3B+4.7%	$133.1B	N/A	$126.9B+6.8%	$118.8B	N/A	$52.8B+21.5%	$43.4B
Current Liabilities	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Long-Term Debt	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Total Equity	$17.9B+13.1%	$15.8B+21.7%	$13.0B-0.5%	$13.1B+45.0%	$9.0B+39.5%	$6.5B+5.0%	$6.2B+222.1%	$1.9B
Retained Earnings	$2.8B+26.5%	$2.2B	N/A	$2.1B+38.0%	$1.5B	N/A	$945.0M+98.1%	$477.0M

BNT Cash Flow Statement

Metric	FY25	FY24	FY23	FY22	FY21	FY20
Operating Cash Flow	$2.6B-42.8%	$4.6B+203.2%	$1.5B+134.0%	$644.0M-61.8%	$1.7B+296.2%	$426.0M
Capital Expenditures	$69.0M+72.5%	$40.0M-70.4%	$135.0M+462.5%	$24.0M+2300.0%	$1.0M	N/A
Free Cash Flow	$2.5B-43.8%	$4.5B+230.1%	$1.4B+121.3%	$620.0M-63.2%	$1.7B	N/A
Investing Cash Flow	-$9.7B-774.9%	$1.4B+179.2%	-$1.8B+62.9%	-$4.9B-22.8%	-$4.0B-863.8%	-$412.0M
Financing Cash Flow	$7.8B+306.3%	$1.9B-22.0%	$2.5B-58.9%	$6.0B+127.0%	$2.6B+20207.7%	$13.0M
Dividends Paid	N/A	N/A	$159.0M+148.4%	$64.0M+2033.3%	$3.0M	N/A
Share Buybacks	N/A	N/A	N/A	$6.0M-25.0%	$8.0M	$0

Metric	Q4'25	Q2'25	Q1'25	Q4'24	Q2'24	Q1'24	Q4'23	Q2'23
Operating Cash Flow	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Capital Expenditures	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Free Cash Flow	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Investing Cash Flow	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Financing Cash Flow	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Dividends Paid	N/A	N/A	N/A	N/A	N/A	N/A	N/A	$27.0M
Share Buybacks	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A

BNT Financial Ratios

Metric	FY25	FY24	FY23	FY22	FY21	FY20
Gross Margin	N/A	N/A	N/A	N/A	N/A	N/A
Operating Margin	N/A	N/A	N/A	N/A	N/A	N/A
Net Margin	7.4%-1.4pp	8.8%-2.7pp	11.5%+0.2pp	11.3%+22.1pp	-10.8%-12.3pp	1.5%
Return on Equity	4.8%-4.7pp	9.5%-3.4pp	13.0%-16.8pp	29.7%+38.1pp	-8.3%-13.8pp	5.4%
Return on Assets	0.5%-0.3pp	0.9%-0.4pp	1.3%+0.1pp	1.1%+2.1pp	-1.0%-1.5pp	0.5%
Current Ratio	N/A	N/A	N/A	N/A	N/A	N/A
Debt-to-Equity	7.77-1.9	9.70+1.1	8.58-14.7	23.26+15.7	7.61-2.4	9.96
FCF Margin	21.9%-10.2pp	32.1%+12.3pp	19.9%+5.8pp	14.1%-148.0pp	162.1%	N/A

Metric	Q4'25	Q2'25	Q1'25	Q4'24	Q2'24	Q1'24	Q4'23	Q2'23
Gross Margin	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Operating Margin	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Net Margin	N/A	17.0%	N/A	N/A	9.3%	N/A	N/A	18.2%
Return on Equity	N/A	3.3%+5.4pp	-2.2%	N/A	3.0%-2.2pp	5.2%	N/A	18.8%
Return on Assets	N/A	0.4%	N/A	N/A	0.2%	N/A	N/A	0.8%
Current Ratio	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Debt-to-Equity	7.77-0.6	8.40	N/A	9.70-3.5	13.17	N/A	8.58-14.2	22.74
FCF Margin	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A

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Frequently Asked Questions

What is Brookfield Wealth Solutions Ltd's annual revenue?

Brookfield Wealth Solutions Ltd (BNT) reported $11.6B in total revenue for fiscal year 2025. This represents a -17.5% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.

How fast is Brookfield Wealth Solutions Ltd's revenue growing?

Brookfield Wealth Solutions Ltd (BNT) revenue declined by 17.5% year-over-year, from $14.1B to $11.6B in fiscal year 2025.

Is Brookfield Wealth Solutions Ltd profitable?

Yes, Brookfield Wealth Solutions Ltd (BNT) reported a net income of $863.0M in fiscal year 2025, with a net profit margin of 7.4%.

What is Brookfield Wealth Solutions Ltd's net profit margin?

Brookfield Wealth Solutions Ltd (BNT) had a net profit margin of 7.4% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.

What is Brookfield Wealth Solutions Ltd's return on equity (ROE)?

Brookfield Wealth Solutions Ltd (BNT) has a return on equity of 4.8% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.

What is Brookfield Wealth Solutions Ltd's free cash flow?

Brookfield Wealth Solutions Ltd (BNT) generated $2.5B in free cash flow during fiscal year 2025. This represents a -43.8% change compared to the previous fiscal year. Free cash flow represents the cash a company generates after accounting for capital expenditures, and is widely used to assess financial flexibility and shareholder value.

What is Brookfield Wealth Solutions Ltd's operating cash flow?

Brookfield Wealth Solutions Ltd (BNT) generated $2.6B in operating cash flow during fiscal year 2025, representing cash generated from core business activities.

What are Brookfield Wealth Solutions Ltd's total assets?

Brookfield Wealth Solutions Ltd (BNT) had $157.2B in total assets as of fiscal year 2025, including both current and long-term assets.

What are Brookfield Wealth Solutions Ltd's capital expenditures?

Brookfield Wealth Solutions Ltd (BNT) invested $69.0M in capital expenditures during fiscal year 2025, funding long-term assets and infrastructure.

What is Brookfield Wealth Solutions Ltd's debt-to-equity ratio?

Brookfield Wealth Solutions Ltd (BNT) had a debt-to-equity ratio of 7.77 as of fiscal year 2025, measuring the company's financial leverage by comparing total debt to shareholder equity.

What is Brookfield Wealth Solutions Ltd's return on assets (ROA)?

Brookfield Wealth Solutions Ltd (BNT) had a return on assets of 0.5% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.

What is Brookfield Wealth Solutions Ltd's Piotroski F-Score?

Brookfield Wealth Solutions Ltd (BNT) has a Piotroski F-Score of 3 out of 5 computable signals; 4 of the nine could not be computed from available data, so the full-scale strength rating is not shown. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7 to 9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.

Are Brookfield Wealth Solutions Ltd's earnings high quality?

Brookfield Wealth Solutions Ltd (BNT) has an earnings quality ratio of 3.03x, considered cash-backed (high quality). This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.

How financially healthy is Brookfield Wealth Solutions Ltd?

Brookfield Wealth Solutions Ltd (BNT) scores 14 out of 100 on our Financial Health Score, indicating weak standing within its insurers peer group. The score is a 0-100 composite of six dimensions (Loss Ratio, Premium Growth, Capital, Investment Yield, Combined Ratio, Stability), each ranked as a percentile relative to companies in the same scoring family (banks against banks, REITs against REITs, and so on) rather than across all industries. It rates the quality of the business, not whether the stock is fairly priced, and is not financial advice. Learn more in our complete guide to financial health indicators.