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Brookfield Wealth Solutions (NYSE: BNT) grows total capital to $19.8B

Filing Impact
(Neutral)
Filing Sentiment
(Neutral)
Form Type
6-K

Rhea-AI Filing Summary

Brookfield Wealth Solutions Ltd. reported a sharp increase in capital backing its insurance businesses, with total group capital reaching $19.8 billion at year-end 2025, up from $5.7 billion in 2022. Capital at insurance subsidiaries rose to $14.4 billion, while group holding companies reached $5.3 billion.

This stronger balance sheet supports “A” financial strength ratings for its U.S. life and annuity companies, an upgraded rating for Blumont Annuity Company in Canada, and stable ratings for property and casualty units Argo and Farm Family. Management highlights this capital base as a foundation for continued expansion in the U.S., Canada, the U.K. and Japan.

Positive

  • Total capital increased from $5.7 billion in 2022 to $19.8 billion at year-end 2025, reflecting strong balance sheet expansion driven by acquisitions and retained earnings.
  • “A” financial strength ratings across key life and annuity companies, plus upgraded and stable ratings at other insurance units, support confidence in the group’s ability to meet policyholder obligations and pursue global growth.

Negative

  • None.

Insights

Capital nearly quadruples to $19.8B, reinforcing ratings and growth capacity.

Brookfield Wealth Solutions shows rapid balance sheet expansion, with total capital growing from $5.7 billion in 2022 to $19.8 billion at year-end 2025. Most of this sits in regulated insurance subsidiaries, supporting policyholder obligations.

The company links this growth to acquisitions and retained earnings, which helps explain both the scale-up and the assignment of “A” financial strength ratings for its U.S. life and annuity entities and improved ratings in Canada. Strong ratings can lower funding costs and support new product flows, though actual benefits depend on market demand and execution.

Management emphasizes a “well-capitalized insurance platform” and a disciplined growth model as it expands in the U.K. and Japan. Forward-looking statements and the long risk list underscore that returns still depend on markets, regulation, and integration of acquired businesses.

Total capital 2025 $19.8 billion Total Brookfield Wealth Solutions capital at 12/31/2025
Total capital 2022 $5.7 billion Total Brookfield Wealth Solutions capital at 12/31/2022
Insurance subsidiaries capital 2025 $14.4 billion Aggregate capital at insurance subsidiaries at 12/31/2025
Holding companies capital 2025 $5.3 billion Group holding companies capital at 12/31/2025
Total capital 2023 $9.0 billion Total Brookfield Wealth Solutions capital at 12/31/2023
Total capital 2024 $16.1 billion Total Brookfield Wealth Solutions capital at 12/31/2024
statutory filings regulatory
"Statutory filings made by Brookfield Wealth Solutions’ insurance subsidiaries show continued capital growth"
Statutory filings are the legally required reports and documents a company must submit to government regulators and securities authorities, such as financial statements, annual reports, and mandated disclosures. They matter to investors because these filings are official, standardized sources of facts about a company’s finances, risks and legal compliance—think of them as a company’s required report card and tax return that investors use to judge health, spot problems and make informed buy or sell decisions.
financial strength ratings financial
"recognized through the “A” financial strength ratings assigned to Brookfield Wealth Solutions’ U.S. life and annuity companies"
Assessments that grade a company’s overall ability to meet its debts and stay financially stable, usually expressed as letters or scores issued by independent agencies or analysts. Investors use these ratings like a credit score for a business: they signal risk level, influence borrowing costs and interest rates, and help decide whether a company’s bonds or shares offer a safe return relative to potential reward.
forward-looking statements regulatory
"may contain “forward-looking information” within the meaning of Canadian provincial securities laws, “forward-looking statements”"
Forward-looking statements are predictions or plans that companies share about what they expect to happen in the future, like estimating sales or profits. They matter because they help investors understand a company's outlook, but since they are based on guesses and assumptions, they can sometimes be wrong.
catastrophic events other
"catastrophic events, including but not limited to, earthquakes, hurricanes, epidemics and pandemics"
disciplined growth model financial
"a resilient investment portfolio and disciplined growth model"

 

UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, DC 20549

 

Form 6-K

 


REPORT OF FOREIGN PRIVATE ISSUER
PURSUANT TO RULE 13A-16 OR 15D-16 OF
THE SECURITIES EXCHANGE ACT OF 1934

For the month of April 2026

Commission File Number: 001-40509

 


BROOKFIELD WEALTH SOLUTIONS LTD.

(Translation of registrant's name into English)

 


Ideation House, First Floor
94 Pitts Bay Road
Pembroke, HM08
Bermuda

(Address of principal executive office)

 

 

Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F:

Form 20-F [ X ]      Form 40-F [   ]

 

 


INFORMATION CONTAINED IN THIS FORM 6-K REPORT

Exhibit Index 

Exhibit Description of Exhibit
  
99.1 Press Release dated April 9, 2026

SIGNATURE

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

  BROOKFIELD WEALTH SOLUTIONS LTD.    
    
   
Date: April 9, 2026 By:  /s/ Thomas Corbett    
   Name: Thomas Corbett
   Title:   Chief Financial Officer
   

EXHIBIT 99.1

Brookfield Wealth Solutions Reports $20 Billion of Capital Backing Insurance Companies

Strong financial position supports ‘A’ ratings across life and annuity companies and underpins continued global expansion

BROOKFIELD NEWS, April 09, 2026 (GLOBE NEWSWIRE) -- Brookfield Wealth Solutions Ltd. (NYSE, TSX: BNT) today announced its year-end 2025 capital position with nearly $20 billion of group capital across its regulated insurance subsidiaries and holding companies.

Brookfield Wealth Solutions’ total capital has grown from $5.7 billion in 2022 to $19.8 billion at year-end 2025 driven by its successful acquisition strategy and retained earnings.

This robust capital position supports Brookfield Wealth Solutions’ commitment to provide financial security to policyholders across market cycles. With this level of financial resilience, Brookfield Wealth Solutions maintains the flexibility to expand its life and annuity and property/casualty platforms globally.

Statutory filings made by Brookfield Wealth Solutions’ insurance subsidiaries show continued capital growth and enhanced financial resilience at its regulated companies. This groupwide and entity-level resilience has been recognized through the “A” financial strength ratings assigned to Brookfield Wealth Solutions’ U.S. life and annuity companies, and the upgraded financial strength ratings at Blumont Annuity Company (Canada), along with stable ratings for its property and casualty businesses Argo and Farm Family.

Sachin Shah, CEO of Brookfield Wealth Solutions, said: “We have built a scaled and well-capitalized insurance platform with a resilient investment portfolio and disciplined growth model. Brookfield Wealth Solutions’ businesses in the U.S. and Canada are established leaders, and we are building on that foundation through our growing presence in the U.K. and Japan.”

Summary of Group Capital
In USD, billions        
Group / Entity 12/31/2022 12/31/2023 12/31/2024 12/31/2025
Insurance Subsidiaries1 $5.1 $7.5 $13.5 $14.4
Group Holding Companies 0.7 1.5 2.6 5.3
Total Brookfield Wealth Solutions$5.7 $9.0 $16.1 $19.8
        

1.     Calculated on an aggregate basis in accordance with applicable insurance regulations.


About Brookfield Wealth Solutions
Brookfield Wealth Solutions Ltd. (NYSE, TSX: BNT) is focused on securing the financial futures of individuals and institutions through a range of retirement services, wealth protection products and tailored capital solutions. Each class A exchangeable limited voting share of Brookfield Wealth Solutions is exchangeable on a one-for-one basis with a class A limited voting share of Brookfield Corporation (NYSE, TSX: BN). 

For more information, please visit our website at bnt.brookfield.com

Brookfield Media:Brookfield Investor Relations:
  
Kerrie McHugh
Email: kerrie.mchugh@brookfield.com
Tel: (212) 618-3469
Rachel Powell
Email: rachel.powell@brookfield.com
Tel: (416) 956-5141


Notice to Readers
This news release and any related oral statements made by our representatives may contain “forward-looking information” within the meaning of Canadian provincial securities laws, “forward-looking statements” within the meaning of Canadian provincial securities laws, “forward-looking statements” within the meaning of the U.S. Securities Act of 1933, the U.S. Securities Exchange Act of 1934, and “safe harbor” provisions of the United States Private Securities Litigation Reform Act of 1995 and in any applicable Canadian securities regulations (collectively, “forward-looking statements”). Forward-looking statements include statements that are predictive in nature, depend upon or refer to future results, events or conditions, and include, but are not limited to, statements which reflect management’s current estimates, assumptions and expectations regarding the operations, business, financial condition, expected financial results, performance, prospects, opportunities, priorities, targets, goals, ongoing objectives, strategies, capital management and outlook of Brookfield Wealth Solutions and its subsidiaries, as well as the outlook for international economies for the current fiscal year and subsequent periods. In some cases, forward-looking statements can be identified by the use of forward-looking terminology such as “believes,” “thinks,” “expects,” “potential,” “anticipates,” “plans,” “believes,” “estimates,” “seeks,” “intends,” “targets,” “projects,” “foresees,” “forecasts,” or negative versions thereof and other similar expressions, or future or conditional verbs such as “may,” “will,” “should,” “would” and “could.” In particular, the forward-looking statements contained in this news release include statements regarding Just’s future capital strength and its ability to identify future growth opportunities constitute forward-looking statements.

Although we believe that our anticipated future results, performance or achievements expressed or implied by the forward-looking statements and information are based upon reasonable estimates, assumptions and expectations, the reader should not place undue reliance on forward-looking statements and information because they involve known and unknown risks, uncertainties and other factors, many of which are beyond our control, which may cause the actual results, performance or achievements of Brookfield Wealth Solutions or its subsidiaries to differ materially from anticipated future results, performance or achievement expressed or implied by such forward-looking statements and information.

Factors that could cause actual results to differ materially from those contemplated or implied by forward-looking statements include, but are not limited to: (i) investment returns that are lower than target; (ii) the impact or unanticipated impact of general economic, political and market factors in the countries in which we do business; (iii) the behavior of financial markets, including fluctuations in interest and foreign exchange rates and heightened inflationary pressures; (iv) global equity and capital markets and the availability of equity and debt financing and refinancing within these markets; (v) strategic actions including acquisitions and dispositions; (vi) the ability to complete and effectively integrate acquisitions into existing operations and the ability to attain expected benefits; (vii) changes in accounting policies and methods used to report financial condition (including uncertainties associated with critical accounting assumptions and estimates); (viii) the ability to appropriately manage human capital; (ix) the effect of applying future accounting changes; (x) business competition; (xi) operational and reputational risks; (xii) technological change; (xiii) changes in government regulation and legislation within the countries in which we operate; (xiv) governmental investigations and sanctions; (xv) litigation; (xvi) changes in tax laws; (xvii) ability to collect amounts owed; (xviii) catastrophic events, including but not limited to, earthquakes, hurricanes, epidemics and pandemics; (xix) the possible impact of international conflicts and other developments including terrorist acts and cyberterrorism; (xx) the introduction, withdrawal, success and timing of business initiatives and strategies; (xxi) the failure of effective disclosure controls and procedures and internal controls over financial reporting and other risks; (xxii) health, safety and environmental risks; (xxiii) the maintenance of adequate insurance coverage; (xix) the existence of information barriers between certain businesses within our asset management operations; (xxv) risks specific to our business segments; and (xxvi) factors detailed from time to time in our documents filed with the securities regulators in Canada and the United States.

We caution that the foregoing list of important factors that may affect future results is not exhaustive and other factors could also adversely affect its results. Readers are urged to consider the foregoing risks, as well as other uncertainties, factors and assumptions carefully in evaluating the forward-looking information and are cautioned not to place undue reliance on such forward-looking information. Except as required by law, Brookfield Wealth Solutions undertakes no obligation to publicly update or revise any forward-looking statements or information, whether written or oral, whether as a result of new information, future events or otherwise.

Past performance is not indicative nor a guarantee of future results. There can be no assurance that comparable results will be achieved in the future, that future investments will be similar to the historic investments discussed herein, that targeted returns, growth objectives, diversification or asset allocations will be met or that an investment strategy or investment objectives will be achieved (because of economic conditions, the availability of investment opportunities or otherwise).

FAQ

How much capital does Brookfield Wealth Solutions (BNT) have backing its insurance operations?

Brookfield Wealth Solutions reported $19.8 billion of total group capital at year-end 2025. This includes $14.4 billion at its regulated insurance subsidiaries and $5.3 billion at group holding companies, supporting policyholder commitments and future expansion.

How has Brookfield Wealth Solutions’ capital base grown from 2022 to 2025?

Total capital rose from $5.7 billion in 2022 to $19.8 billion in 2025. Subsidiary capital increased from $5.1 billion to $14.4 billion, while holding company capital grew from $0.7 billion to $5.3 billion, driven by acquisitions and retained earnings.

What credit ratings do Brookfield Wealth Solutions’ insurance companies currently hold?

Brookfield Wealth Solutions highlights “A” financial strength ratings for its U.S. life and annuity companies. Blumont Annuity Company (Canada) has upgraded ratings, and property and casualty businesses Argo and Farm Family maintain stable financial strength ratings, supporting perceived resilience.

How does Brookfield Wealth Solutions plan to use its strengthened capital position?

The company states that its nearly $20 billion capital base underpins growth in life and annuity and property/casualty platforms. Management notes established positions in the U.S. and Canada and a strategy to expand further in the U.K. and Japan using this stronger balance sheet.

What main risks does Brookfield Wealth Solutions identify in its forward-looking statements?

Brookfield Wealth Solutions cites risks including lower-than-target investment returns, economic and market volatility, interest and foreign exchange movements, regulatory changes, competition, litigation, catastrophic events, and integration of acquisitions. These factors could cause actual results to differ from forward-looking expectations.

Filing Exhibits & Attachments

1 document