← Brookfield Wealth Solutions Ltd.

Annual Trend FY 2018 FY 2019 FY 2020 FY 2021 FY 2022 FY 2023 FY 2024 FY 2025
Cash flows from operating activities — $309.0m $399.0m $1.6b $107.0m $1.5b $4.6b $2.6b
Net income — $6.0m $1.0m ($44.0m) $492.0m $797.0m $1.2b $863.0m
Net Income From Continuing Operations — — — — $501.0m $797.0m $1.2b $863.0m
Amortization of deferred policy acquisition costs, deferred sales inducements and value of business acquired — — — — $371.0m $632.0m $1.2b $1.4b
Depreciation and amortization — — $0 $0 $13.0m $50.0m $206.0m $218.0m
Amortization Of Securities — — — — ($293.0m) ($705.0m) ($692.0m) ($972.0m)
Deferred income taxes — — — ($25.0m) $22.0m $12.0m ($150.0m) $21.0m
Deferred Income Tax — — — — $22.0m $12.0m ($150.0m) $21.0m
Deferred Tax — — — — $22.0m $12.0m ($150.0m) $21.0m
Earnings (Loss)es From Equity Investments — — — ($8.0m) ($222.0m) — — —
Other policy revenue — — — — ($224.0m) ($413.0m) ($781.0m) ($790.0m)
Accretion on investments — — — $0 ($47.0m) ($216.0m) ($597.0m) ($758.0m)
Deferral of policy acquisition costs — — — — ($617.0m) ($1.1b) ($1.3b) ($1.6b)
Gains on investments and derivatives — — — — $153.0m ($604.0m) ($1.1b) ($733.0m)
Provisions for credit losses — — — $16.0m $83.0m $24.0m $123.0m $21.0m
Income from real estate partnerships, investment funds and corporations — — — ($8.0m) ($239.0m) ($190.0m) ($354.0m) ($744.0m)
Distributions from real estate partnerships, investment funds and corporations — — — $0 $0 $91.0m $499.0m $499.0m
Interest credited to policyholders’ account balances — — — $86.0m $156.0m $633.0m $2.2b $2.1b
Change in fair value of embedded derivatives — — — — ($24.0m) $249.0m $63.0m $503.0m
Insurance-related liabilities — — — $5.5b $1.2b $2.9b $2.5b $888.0m
Deposit liabilities — — — $1.7b ($25.0m) ($100.0m) ($20.0m) ($95.0m)
Funds withheld under reinsurance — — — ($4.7b) ($962.0m) ($1.4b) ($291.0m) ($175.0m)
Reinsurance recoverables and deposit assets — — — $22.0m $50.0m $186.0m $1.2b $1.3b
Accrued investment income — — — $0 ($223.0m) $78.0m ($148.0m) ($60.0m)
Working capital and other — — — $185.0m $236.0m ($63.0m) $45.0m ($182.0m)
Acquisition of subsidiary, net of cash acquired — — $0 $0 ($4.1b) ($346.0m) $10.8b $0
Disposition of business, net of cash disposed — — — $0 $0 $72.0m $0 $0
Available-for-sale fixed maturity securities — — — ($4.4b) ($10.3b) ($4.8b) ($15.3b) $10.8b
Equity securities — — — $21.0m $500.0m $174.0m $145.0m $358.0m
Mortgage loans on real estate — — — $18.0m $916.0m $671.0m $2.3b $3.0b
Private loans — $0 $2.0m $36.0m $58.0m $542.0m $1.1b $1.4b
Investment real estate and real estate partnerships — — — — $21.0m $102.0m $336.0m $218.0m
Investment funds — — — $0 $233.0m $235.0m $514.0m $598.0m
Short-term investments — — — $0 $8.0b $17.7b $16.8b $15.8b
Other invested assets — — — — $0 $39.0m $102.0m $224.0m
Purchases of derivatives — — — ($133.0m) ($66.0m) ($238.0m) ($627.0m) ($1.2b)
Proceeds from sales and maturities of derivatives — — — $79.0m $191.0m $66.0m $1.3b $1.1b
Purchase of intangibles and property and equipment — — ($1.0m) ($1.0m) ($24.0m) ($135.0m) ($40.0m) ($69.0m)
Proceeds from sales of intangibles and property and equipment — — $0 $0 $5.0m $91.0m $34.0m $0
Change in collateral held for derivatives — — $0 $0 $8.0m $243.0m ($79.0m) $283.0m
Other — — $0 $0 $51.0m ($176.0m) ($58.0m) $95.0m
Return of capital to common stockholders — — — ($8.0m) ($6.0m) ($5.0m) ($14.0m) ($112.0m)
Borrowings from related parties — $0 $0 $960.0m $258.0m $614.0m $2.0b $127.0m
Repayment of borrowings to related parties — — — ($582.0m) ($633.0m) ($297.0m) ($2.2b) ($41.0m)
Borrowings from external parties — $0 $0 $693.0m $5.2b $2.2b $4.7b $4.4b
Repayment of borrowings to external parties — — $0 $0 ($2.2b) ($2.7b) ($4.5b) ($3.2b)
Borrowings issued to reinsurance entities — — $0 $167.0m $50.0m $0 $63.0m $3.0m
Repayment of borrowings issued to reinsurance entities — — $0 $0 ($100.0m) $0 ($129.0m) ($27.0m)
Policyholders’ account deposits — — $0 $0 $1.4b $4.9b $10.9b $17.6b
Policyholders’ account withdrawals — — $0 $0 ($896.0m) ($2.3b) ($8.8b) ($10.3b)
Proceeds from repurchase agreement — $245.0m $222.0m $464.0m $388.0m $313.0m $364.0m $106.0m
Repayments of repurchase agreement — ($285.0m) ($222.0m) ($464.0m) ($388.0m) ($313.0m) ($363.0m) ($106.0m)
Issuance of capital to non-controlling interests — — — $0 $0 $1.0m $0 $299.0m
Redemptions to non-controlling interests — — — $0 ($5.0m) $0 $0 ($828.0m)
Distributions to non-controlling interests — — — — $0 $0 ($46.0m) ($87.0m)
Net change during the year — $6.0m $27.0m $357.0m $1.8b $2.2b $7.9b $752.0m
Foreign exchange on cash balances held in foreign currencies — ($1.0m) ($5.0m) $1.0m ($8.0m) $0 $11.0m $19.0m
Investments received in connection with pension risk transfer transactions — — — — $1.1b $0 $2.3b $175.0m
Equity securities transferred as consideration paid for acquisition of a subsidiary — — — — $0 $0 $1.1b $0
Beginning Cash Position — — — — $393.0m $2.1b $4.3b $12.2b
Cash Flow From Continuing Financing Activities — — — — $6.0b $2.5b $1.9b $7.8b
Cash Flow From Continuing Investing Activities — — — — ($4.9b) ($1.8b) $1.4b ($9.7b)
Change In Other Current Liabilities — — — — ($25.0m) ($100.0m) ($20.0m) ($95.0m)
Change In Other Working Capital — — — — $124.0m ($492.0m) $45.0m ($182.0m)
Change In Prepaid Assets — — — ($4.7b) ($960.0m) — — —
Change In Receivables — — — — $50.0m $186.0m $1.2b $1.3b
Change In Working Capital — — — — $496.0m $1.6b $3.3b $1.7b
Changes In Account Receivables — — — — $50.0m $186.0m $1.2b $1.3b
Changes In Cash — — — — $1.8b $2.2b $7.9b $752.0m
End Cash Position — — — — $2.1b $4.3b $12.2b $13.0b
Financing Cash Flow — — — — $6.0b $2.5b $1.9b $7.8b
Free Cash Flow — — — — $620.0m $1.4b $4.5b $2.5b
Gain Loss On Investment Securities — — — — $153.0m ($513.0m) ($572.0m) ($234.0m)
Interest Received CFI — — — $51.0m $514.0m — — —
Investing Cash Flow — — — — ($4.9b) ($1.8b) $1.4b ($9.7b)
Issuance Of Capital Stock — — — $1.4b $3.0b $0 $4.0m —
Net Business Purchase And Sale — — — — ($4.3b) ($274.0m) $10.8b $0
Net Foreign Currency Exchange Gain Loss — — — $0 ($8.0m) — — —
Net Intangibles Purchase And Sale — — — — ($19.0m) ($44.0m) ($6.0m) ($69.0m)
Net PPE Purchase And Sale — — — $0 $5.0m — — —
Net Preferred Stock Issuance — — — $0 $2.5b $0 $0 —
Operating Gains Losses — — — — $153.0m ($513.0m) ($572.0m) ($234.0m)
Other Non Cash Items — — — — ($380.0m) ($579.0m) ($1.0b) ($1.5b)
Preferred Stock Issuance — — — $0 $2.5b $0 $0 —
Purchase Of Business — — — $0 ($4.3b) ($346.0m) $0 —
Purchase Of Intangibles — — — — ($24.0m) ($135.0m) ($40.0m) ($69.0m)
Repurchase Of Capital Stock — — — — ($6.0m) ($5.0m) ($14.0m) ($112.0m)
Sale Of Business — — — — $0 $72.0m $10.8b $0
Sale Of Intangibles — — — — $5.0m $91.0m $34.0m $0
Sale Of PPE — — — $0 $5.0m — — —
Unrealized Gain Loss On Investment Securities — — — $33.0m $452.0m — — —
Cash flows from investing activities — ($268.0m) ($385.0m) ($3.9b) ($4.3b) ($1.8b) $1.4b ($9.7b)
Net Investment Properties Purchase And Sale — — — — $5.0m ($1.3b) ($2.0b) ($1.3b)
Net Investment Purchase And Sale — — — — $1.4b ($413.0m) ($4.7b) ($8.0b)
Purchase Of Investment — — — — ($19.4b) ($24.5b) ($35.4b) ($36.6b)
Purchase Of Investment Properties — — — — ($16.0m) ($1.4b) ($2.4b) ($1.5b)
Investments received in connection with the sale of investment funds — — — — — $0 $0 $786.0m
Sale Of Investment — — — — $20.8b $24.0b $30.6b $28.6b
Sale Of Investment Properties — — — — $21.0m $102.0m $336.0m $218.0m
Net Other Investing Changes — — — — $25.0m $67.0m ($300.0m) $281.0m
Cash flows from financing activities — ($35.0m) $13.0m $2.6b $6.0b $2.5b $1.9b $7.8b
Debt issuance costs — — $0 $0 ($10.0m) $0 ($4.0m) ($14.0m)
Issuance Of Debt — — — — $5.5b $2.9b $6.8b $4.5b
Long Term Debt Issuance — — — — $5.5b $2.9b $6.8b $4.5b
Net Issuance Payments Of Debt — — — — $2.5b ($170.0m) ($131.0m) $1.2b
Net Long Term Debt Issuance — — — — $2.5b ($170.0m) ($131.0m) $1.2b
Long Term Debt Payments — — — — ($3.0b) ($3.0b) ($6.9b) ($3.3b)
Repayment Of Debt — — — — ($3.0b) ($3.0b) ($6.9b) ($3.3b)
Investments received in relation to the issuance of common stock — — — — — $0 $2.1b $3.8b
Common Stock Issuance — — — $1.4b $450.0m $0 $4.0m —
Net Common Stock Issuance — — — — $444.0m ($5.0m) ($14.0m) ($112.0m)
Common Stock Payments — — — — ($6.0m) ($5.0m) ($14.0m) ($112.0m)
Dividend Paid CFO — — — ($53.0m) ($514.0m) — — —
Dividends Received CFI — — — $2.0m $233.0m — — —
Net Other Financing Charges — — — — $496.0m $2.6b $2.1b $6.7b
Effect Of Exchange Rate Changes — — — — ($8.0m) $0 $11.0m $19.0m
Cash and cash equivalents, beginning of year — $13.0m $35.0m $393.0m $393.0m $4.3b $12.2b $13.0b
Change In Cash Supplemental As Reported — — — — $1.8b $2.2b $7.9b $752.0m
Cash interest paid — — $0 $8.0m $85.0m $123.0m $318.0m $246.0m
Cash taxes paid (net of refunds received) — — $0 $0 $52.0m $68.0m ($28.0m) $35.0m

Data sourced from SEC EDGAR 10-K filings via EdgarTools. Amounts are shown in USD as reported in each fiscal year filing.

Values abbreviated: b = billions, m = millions, k = thousands. Per share data in USD.