Brookfield Reinsurance Ltd.

Brookfield Reinsurance Ltd.

BNRE
Brookfield Reinsurance Ltd.US flagNew York Stock Exchange
47.12
USD
-0.38
- -
6.87BMarket Cap
2018 Y
2019 Y
2020 Y
2021 Y
2022 Y
2023 Y
TTM
Revenue per Share
5.78
13.73
18.47
29.99
139.36
109.32
73.04
Basic EPS, GAAP
-0.02
0.22
0.04
-3.25
13.94
10.59
8.43
Free Cash Flow per Basic Share
5.37
11.1
14.28
48.97
20.05
21.37
4.8
Dividend per Share
- -
- -
- -
- -
- -
- -
- -
Book Value per Share
- -
2.32
0.06
41.66
71.15
95.44
64.29
Tangible Book Value per Share
- -
2.35
2.98
41.57
48.9
90.3
70.97
Basic Weighted Avg Shares
28
28
28
34
31
64
127
Sales/Revenue/Turnover
161
382
514
1,033
4,309
7,020
9,278
Operating Margin (%)
- -
- -
- -
- -
- -
- -
- -
Depreciation Expense
- -
- -
- -
- -
13
50
33
Net Income, GAAP
-1
6
1
-112
499
796
1,130
Effective Tax Rate (%)
- -
- -
50
- -
5.83
2.09
12.14
Profit Margin (%)
-0.32
1.57
0.19
-10.84
11.58
11.34
12.18
Working Capital
- -
- -
- -
- -
- -
- -
- -
LT Debt
- -
- -
1
693
3,803
3,743
5,118
Total Equity
- -
65
83
1,435
4,265
8,849
11,766
Return on Invested Capital (%)
- -
- -
- -
- -
- -
- -
- -
Return on Capital (%)
- -
18.5
2.95
- -
17.37
19.84
33.89
Return on Common Equity (%)
- -
18.56
3.02
-15.59
23.71
16.33
21.27

Capital Structure

FRC

in mil. unless spec.
Dec'23
Mar'24
Jun'24
ST Debt
- -
- -
- -
LT Borrowings
3,743
3,730
5,118
LT Finance Leases
- -
- -
- -
Preferred Equity and Hybrid Capital
2,694
2,722
2,751
Shares Outstanding
145
145
145
Market Capitalization
3,225
4,320
5,283

Working Capital

FRC

in mil. unless spec.
Dec'23
Mar'24
Jun'24
Total Current Assets
- -
- -
- -
Cash, Cash Equivalents & STI
4,308
2,830
14,335
Accounts Receivable, Net
1,112
4,198
11,000
Inventories
- -
- -
- -
Total Current Liabilities
- -
- -
- -
Payables & Accruals
564
555
734
ST Debt
- -
- -
- -
Deferred Revenue
- -
- -
- -

Growth Rates

FRC

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
- -
- -
107.48%
Free Cash Flow
- -
103.56%
121.29%
Net Income, GAAP
- -
-2,630.56%
59.52%
Sales/Revenue/Turnover
- -
130.6%
62.91%
Total Cash Common Dividend
- -
- -
70.59%

Quarterly Revenue

FRC

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2022
278
1,280
1,348
1,557
4,309
2023
1,203
2,040
1,450
2,327
7,020
2024
2,586
2,915
- -
- -
- -

Quarterly Earnings Per Share

FRC

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2022
4.53
0.59
3.07
2.77
13.94
2023
-1.89
7.01
0.67
2.91
10.59
2024
2.3
1.81
- -
- -
- -

Quarterly Dividends Per Share

FRC

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2022
- -
- -
- -
- -
- -
2023
- -
- -
- -
- -
- -
2024
- -
- -
- -
- -
- -

Company Description

APIChat
CEO
Sachin G. Shah CPA
Full Time Employees
65
Sector
Financial Services
Industry
Insurance - Reinsurance
Address
Wellesley House South Pembroke Bermuda HM08
IPO Date
Jun 28, 2021
Business
Brookfield Reinsurance Ltd. (NYSE: BNRE; TSX: BNRE) is a Bermuda-headquartered financial services company founded in 2020 that provides capital-based solutions to the insurance industry through reinsurance, direct insurance, and pension risk transfer (PRT) segments; its core products and services include annuity-based reinsurance such as fixed-rate, fixed-index, single premium immediate, and variable annuities for retail and institutional clients, pension risk transfer solutions for defined benefit plan sponsors, funding agreement-backed notes, life insurance encompassing whole life, universal life, and variable universal life products, as well as personal and commercial property and casualty insurance covering specialty casualty, construction defect, general liability, commercial multi-peril, workers compensation, product and environmental liability, and auto liability; the company serves insurance and reinsurance companies, financial institutions, government entities, multinational corporations, and individuals primarily in the United States, Canada, and internationally from its headquarters at 94 Pitts Bay Road, Pembroke, Bermuda. In recent developments, Brookfield Reinsurance completed its $4.3 billion acquisition of American Equity Investment Life Holding Company (AEL) in May 2024, bolstering its fixed annuity operations and elevating insurance assets under management above $100 billion, following earlier acquisitions including American National in 2022 for $5.1 billion and Argo Group in 2023 for $1.1 billion; shareholders approved a name change to Brookfield Wealth Solutions Ltd. in July 2024, effective September 2024 with new ticker BNT, alongside capital structure simplifications such as re-designating class A-1 exchangeable shares and voting limits, and the company received approval for a new headquarters building in Hamilton, Bermuda, in early 2024 to support ongoing expansion.

Company News

APIChat
  • Brookfield Reinsurance (NYSE:BNRE) Stock Price Up 0.3% – Should You Buy?

  • Brookfield Reinsurance (NYSE:BNRE) Stock Price Up 0.6% – Here’s Why

  • Brookfield Wealth Solutions Announces Third Quarter Results and Declares Regular Quarterly Distribution

  • Brookfield Reinsurance: Wealth Solutions Growth Vector Is Gaining Momentum

  • Brookfield Wealth Solutions Announces Second Quarter Results and Declares Regular Quarterly Distribution

  • Brookfield Reinsurance Announces Voting Results from Shareholder Meeting

  • Brookfield Reinsurance Announces Details of Upcoming Shareholders Meeting

  • Brookfield Reinsurance Announces First Quarter Results and Declares Regular Quarterly Distribution

  • Brookfield Reinsurance Announces Credit Rating Upgrade of American Equity Investment Life Insurance Company to A

  • Brookfield Reinsurance Completes Acquisition of AEL

  • Brookfield Reinsurance Completes Annual Filings

  • Hearing Date Set for Brookfield Reinsurance Acquisition of AEL

  • Brookfield Reinsurance Announces Year End 2023 Results and Declares Quarterly Distribution Increase

  • Brookfield Reinsurance Announces Results of Exchange Offer and Intention to Take Up Brookfield Corporation Class A Shares

  • Brookfield Reinsurance Announces Strong Third Quarter Results and Declares Regular Quarterly Distribution

  • Brookfield Reinsurance Announces Commencement of Exchange Offer

  • 7 Stocks That Wall Street Is Ignoring (But Shouldn't Be!)

  • Brookfield Reinsurance Announces Exchange Offer

  • Brookfield Reinsurance Announces Results for Election of Directors

  • Brookfield Reinsurance Announces Strong Second Quarter Results and Declares Regular Quarterly Distribution