Brookfield Wealth Solutions Q2 FY26 GAAP net income drops to US$149 million; non-GAAP distributable operating earnings rise to US$488 million
BNT•Deployment and liquidity
Brookfield Wealth Solutions said it deployed more than US$5 billion into Brookfield-originated strategies at an average target yield of 7%.
Liquidity included about US$35 billion in cash and short-term investments.
Quarterly earnings and assets
Brookfield Wealth Solutions posted Q2 net income of US$149 million under US GAAP, down from US$516 million a year earlier.
Distributable operating earnings, a non-GAAP measure, rose to US$488 million, up from US$398 million in the prior-year quarter.
Total assets climbed to US$205.7 billion as of June 30, 2026, up from US$148.9 billion a year earlier.
Just Group acquisition and annuity sales
The company completed the acquisition of Just Group, expanding U.K. retirement services.
It originated US$5 billion of annuity sales during the quarter.
