Brookfield Wealth Solutions announced its year-end 2024 group capital position, which stands at over $16 billion across its regulated insurance subsidiaries and holding companies. This robust capital position underpins the A financial strength ratings assigned to its life and annuity companies.
The company's group capital has tripled from $5.7 billion in 2022 to an estimated $16.1 billion in 2024. This significant growth was achieved through a combination of retained earnings and capital contributions from Brookfield Corporation.
Sachin Shah, CEO of Brookfield Wealth Solutions, highlighted that this record level of capital supports the business's continued prudent growth, including its upcoming entrance into the UK insurance market. The strong capital base ensures the protection of policyholders and facilitates strategic expansion.
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