Brookfield Wealth Solutions Ltd Financials

BNT

FY2025 annual

Revenue $11.6B -17.5% YoY

Net Income $863.0M -30.8% YoY

EPS (Diluted) Not reported for FY2025

Free Cash Flow $2.5B -43.8% YoY

Source SEC Filings (10-K/10-Q) Latest period FY2025, ended Dec 31, 2025 Reported Mar 26, 2026 Currency USD FYE December

Brookfield Wealth Solutions Ltd (BNT) reported $11.6B in revenue for fiscal year 2025, down 17.5% from the prior fiscal year. This page shows its 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 2026-08-15

Brookfield Wealth Solutions is growing its balance sheet faster than its returns, making capital deployment efficiency the key operating mechanic.

From FY2023 to FY2025, total assets climbed from $61.6B to $157.2B. Over the same stretch, return on equity fell from 12.9% to 4.8%, implying recent growth came from putting far more capital to work at lower incremental profitability rather than extracting better earnings from each dollar of equity.

FY2025 operating cash flow of $2.6B remained close to free cash flow of $2.5B, so cash conversion was tight and the business did not need heavy capital spending to turn reported earnings into spendable cash. That matters because a low-capex cash profile leaves more flexibility for funding obligations or new asset deployment.

Expansion still leaned on external funding: FY2025 had an investing outflow of $9.7B alongside financing inflow of $7.8B. Even so, $13.0B of cash sits against $139.3B of liabilities, so day-to-day liquidity is not the same thing as a conservative balance-sheet posture.

Financial Health Signals

Financial Health Score 15/100

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

Premium Growth

Not available for Brookfield Wealth Solutions Ltd, and counted as zero in the overall score.

Capital

Investment Yield

Not available for Brookfield Wealth Solutions Ltd, and counted as zero in the overall score.

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.

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.

EBITDA

Not reported for fiscal year 2025.

EPS (Diluted)

Not reported for fiscal year 2025.

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 as of fiscal year 2025; long-term debt is not reported for that period.

Dividends Per Share

Not reported for fiscal year 2025.

Shares Outstanding

Not reported for fiscal year 2025.

Margins & Returns

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.

Gross Margin

Not reported for fiscal year 2025.

Operating Margin

Not reported for fiscal year 2025.

Capital Allocation

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.

R&D Spending

Not reported for fiscal year 2025.

Share Buybacks

Not reported for fiscal year 2025.

BNT Income Statement

Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type.

BNT quarterly 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
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
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

Not reported in any period shown, so not listed: Cost of Revenue, Gross Profit, R&D Expenses, SG&A Expenses, Operating Income, EPS (Diluted).

BNT Balance Sheet

Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type.

BNT quarterly 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
Cash & Equivalents	$13.0B+6.3%	$12.2B+184.2%	$4.3B+100.8%	$2.1B+445.8%	$393.0M+1022.9%	$35.0M
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
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
Cash & Equivalents	$13.0B-0.6%	$13.1B	N/A	$12.2B-14.6%	$14.3B	N/A	$4.3B+48.9%	$2.9B
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
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

Not reported in any period shown, so not listed: Current Assets, Inventory, Accounts Receivable, Current Liabilities, Long-Term Debt.

BNT Cash Flow Statement

Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type.

BNT quarterly 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
Dividends Paid	N/A	N/A	N/A	N/A	N/A	N/A	N/A	$27.0M

Not reported in any period shown, so not listed: Operating Cash Flow, Capital Expenditures, Free Cash Flow, Investing Cash Flow, Financing Cash Flow, Share Buybacks.

BNT Financial Ratios

Margins and returns are percentages; the remaining ratios are unitless multiples.

BNT quarterly financial ratios

Metric	FY25	FY24	FY23	FY22	FY21	FY20
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%
Debt-to-Equity	7.77-1.9x	9.70+1.1x	8.58-14.7x	23.26+15.7x	7.61-2.4x	9.96
FCF Margin	21.9%-10.2pp	32.1%+12.3pp	19.9%+5.8pp	14.1%	162.1%	N/A

Metric	Q4'25	Q2'25	Q1'25	Q4'24	Q2'24	Q1'24	Q4'23	Q2'23
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%
Debt-to-Equity	7.77-0.6x	8.40	N/A	9.70-3.5x	13.17	N/A	8.58-14.2x	22.74

Not reported in any period shown, so not listed: Gross Margin, Operating Margin, Current Ratio, FCF Margin.

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Where Brookfield Wealth Solutions Ltd Ranks

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 15 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.