TORONTO — Brookfield Corp. reported distributable earnings of US$1.22 billion for the first quarter, up from $1.16 billion in the same quarter last year, as weakness in its asset management arm was offset by strength across the other parts of its business. The Toronto-based alternative asset investment firm, which keeps its books in U.S. dollars, says the result amounted to 77 cents US in distributable earnings per share for the quarter ended March 31, up from 72 cents per share in the first qua
BROOKFIELD, NEWS, May 09, 2024 (GLOBE NEWSWIRE) -- Brookfield Reinsurance (NYSE, TSX: BNRE, BNRE.A) today announced financial results for the three months ended March 31, 2024. Sachin Shah, CEO of Brookfield Reinsurance, stated, “Our business continued to deliver strong financial results for the first quarter of 2024. With our recent acquisition of American Equity Life now complete, we’ve reached a significant milestone as one of the largest providers of annuities in North America. We are well p
Record $150 billion of Deployable Capital Today Distributable Earnings of $4.9 billion and Net Income of $5.2 billion for the Last Twelve Months BROOKFIELD, NEWS, May 09, 2024 (GLOBE NEWSWIRE) -- Brookfield Corporation (NYSE: BN, TSX: BN) announced strong financial results for the quarter ended March 31, 2024. Nick Goodman, President of Brookfield Corporation, said, “We delivered strong financial results in the first quarter, and we expect the positive momentum across our Asset Management, Wealt