Brookfield Wealth Solutions Ltd. (NYSE: BNT)

Brookfield Wealth Solutions Ltd. is focused on securing the financial futures of individuals and institutions through a range of retirement services, wealth protection products and tailored capital solutions. Through its operating subsidiaries, the company offers a broad range of insurance products and services, including retail and institutional annuities, commercial property and casualty insurance and reinsurance.

The company generates revenue primarily from insurance premiums collected on its annuity, property and casualty, and life insurance policies, as well as investment income generated from its portfolio of high quality assets that back its liabilities. The Corporate and Other segment also contributes revenue from temporary investment income, interest expense on borrowings and hedging activities.

The company operates through the following segments: Annuities, Property and Casualty (P&C), Life Insurance, and Corporate and Other.

• Annuities: This segment provides retail and institutional annuities, fixed index annuities, fixed rate annuities including multi year guaranteed and single premium deferred annuities, pension risk transfer, funding agreements and single premium immediate annuities through subsidiaries such as ANGI, BAC Canada, BAC UK and NER Ltd.

• Property and Casualty: This segment offers property, casualty and specialty lines, including homeowners and renters insurance, commercial multi peril, workers compensation, product liability, environmental liability, auto liability, garage and inland marine coverages, and run off business through subsidiaries of Clearbrook.

• Life Insurance: This segment provides whole life, universal life and variable universal life insurance products through subsidiaries of ANGI.

• Corporate and Other: This segment performs corporate functions that support core insurance operations, including investment income from temporarily warehoused investments, interest expense on borrowings, hedging activities and other items not attributable to operating subsidiaries.

Brookfield Wealth Solutions Ltd. holds a competitive position in the insurance industry by leveraging its history of executing complex large scale transactions and its close relationship with Brookfield, which provides access to alternative investment strategies and strong regulator relationships. The company benefits from solid financial strength ratings, including A. M. Best A ratings for its major insurance subsidiaries and favorable S&P and Fitch ratings, which enhance its ability to attract policyholders and reinsurance counterparties.

The company serves a diverse customer base that includes individual retail investors seeking annuity and life insurance products, institutional clients such as pension schemes and corporations purchasing property and casualty coverage, and commercial businesses looking for specialty and workers compensation insurance.