Brookfield Corporation

- Year-to-date, Brookfield has executed $45 billion of financings across the franchise, including $15 billion in the real estate business, indicating active debt fundraising. - Capital markets remain constructive with a shift towards quality assets, supporting continued financing activities. - Brookfield expects a record fundraising year in 2026, driven by strong momentum across flagship and complementary strategies. - The combination of BN and BWS will enhance capital efficiency and flexibility, effectively increasing access to approximately $145 billion of incremental permanent capital for insurance operations. - The firm is pursuing corporate simplification, including combining the corporation with the Wealth Solutions business, to create an integrated insurance and investment organization, facilitating more capital deployment. - Brookfield has repurchased over $1 billion of shares year-to-date, indicating ongoing equity buybacks rather than equity raises currently.

- Recently deployed nearly $15 billion into Brookfield strategies over the last 12 months, including $4 billion in the most recent quarter, with average total returns exceeding 10%. - Made a $1 billion strategic investment in SpaceX shares as part of targeted allocations in technology-related investments with differentiated access and strategic relevance. - Executed $45 billion of financings year-to-date across the franchise, including $15 billion in real estate, maintaining substantial liquidity to support growth. - Purchased over $1 billion in share buybacks year-to-date, including $470 million of BN shares and $575 million of BAM shares. - Recent acquisition of Just Group expands capital deployment capacity in U.K. pensions, with potential to write GBP 5 billion of pension flows annually and grow further. - Planning to expand into Asia's pension risk transfer market, with the first reinsurance transaction executed in Japan in late 2025. - Expect to originate circa $25 billion of new insurance policies in 2026, supported by expanding distribution channels and investment-led approach.

- Expect to write approximately $25 billion of new policies across retail and institutional annuity channels in 2026. - Originated about $5 billion in sales in the first quarter, with growth expected throughout the year, especially in pensions and retail annuities. - Expansion in distribution capabilities, particularly in bank and broker-dealer channels, with products launched on 2 major bank platforms and a third expected by Q3 2026. - Growth driven by aging populations, increased longevity, and decline of defined benefit pension systems fueling demand for private retirement income solutions. - Global expansion initiatives ongoing, including early presence in Asia and a reinsurance transaction in Japan indicating future growth opportunities. - Ability to scale the Just Group platform in the UK to write more than GBP 5 billion in pension flows annually, with plans to move into larger market segments.

- Brookfield expects continued momentum in financial performance through 2026, with strengthening earnings over the year. - Wealth Solutions business targets mid-teens percentage returns on capital over the long term, aiming for stable, predictable growth. - Just Group acquisition adds $40 billion in insurance assets, supporting growth in the UK pension risk transfer market and driving expansion prospects. - The Wealth Solutions business generated $2 billion in annualized earnings and remains confident in sustaining mid-teens returns. - Operating funds from operations in key businesses increased by 19% year-over-year, reflecting growth initiatives. - Retail annuity inflows and expansion in distribution channels (bank and broker-dealer) expected to support higher sales volumes, with a $25 billion new policy sales target in 2026. - The business focuses on high-quality durable earnings rather than growth at all costs, emphasizing disciplined capital allocation and risk management for sustainable profits.

- For 2026, Brookfield Wealth Solutions (BWS) expects to write approximately $25 billion of new policies across retail and institutional annuity channels. - In Q1 2026, BWS originated about $5 billion of sales across long-dated retail annuities, funding-backed agreements, and pensions. - The $25 billion target includes about $5 billion expected from the recent acquisition of Just Group. - Distribution capabilities are expanding, particularly through bank and broker-dealer channels, with new bank channel platforms recently launched and more expected, providing runway for growth. - The first quarter is seasonally slower, particularly in pensions, but activity is expected to increase meaningfully throughout the year. - Growth focus remains disciplined, targeting high-quality, durable earnings over volume.