← Brookfield Wealth Solutions Ltd.

	FY 2019	FY 2020	FY 2021	FY 2022	FY 2023	FY 2024	FY 2025
Total revenues	$382.0m	$514.0m	$7.3b	$5.1b	$7.0b	$14.1b	$11.6b
Operating expenses	$6.0m	$6.0m	$35.0m	$433.0m	($801.0m)	($1.4b)	($1.4b)
Net premiums	$325.0m	$430.0m	$7.2b	$4.3b	$4.1b	$8.3b	$4.5b
Other policy revenue	—	$0	$0	$224.0m	$413.0m	$781.0m	$790.0m
Net investment income	$57.0m	$84.0m	$60.0m	$336.0m	$1.8b	$4.3b	$5.8b
Investment related gains	—	—	($55.0m)	($185.0m)	$534.0m	$369.0m	$485.0m
Net investment results from reinsurance funds withheld	—	—	—	$280.0m	$128.0m	$422.0m	$54.0m
Policyholder benefits and claims incurred	—	—	($1.1b)	($2.9b)	($3.9b)	($8.2b)	($4.5b)
Interest sensitive contract benefits	—	—	($60.0m)	($357.0m)	($1.1b)	($1.9b)	($2.1b)
Change in fair value of insurance-related derivatives and embedded derivatives	—	—	—	($43.0m)	$41.0m	$234.0m	($219.0m)
Change in fair value of market risk benefits	—	—	($12.0m)	$127.0m	$72.0m	($107.0m)	($725.0m)
Non-controlling interests	—	$0	$0	$2.0m	$1.0m	$33.0m	$97.0m
Net income before income taxes	$6.0m	$2.0m	($42.0m)	$560.0m	$814.0m	$1.2b	$967.0m
Net income	$6.0m	$1.0m	($44.0m)	$501.0m	$797.0m	$1.2b	$863.0m
Net income per Class C share, Basic (in dollars per share)	$68	$19	($5)	$14	$11	$9	$3
Amortization of deferred policy acquisition costs, deferred sales inducements and value of business acquired	—	—	$0	($413.0m)	($755.0m)	($1.2b)	($1.4b)
Other reinsurance expenses	$0	$0	$19.0m	$125.0m	($107.0m)	($26.0m)	($5.0m)
Interest expense	$0	$0	$9.0m	$196.0m	($249.0m)	($362.0m)	($379.0m)
Income tax recovery (expense)	—	—	$1.0m	($31.0m)	($17.0m)	$34.0m	($104.0m)
Total benefits and expenses	$376.0m	$512.0m	$7.4b	$4.8b	($6.2b)	($12.9b)	($10.7b)

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