Brookfield Corp. Profit Rises as Flatt Sees Deals Picking Up [Financial Post (Toronto, Ontario, Canada)]
Brookfield Corporation Class A Limited Voting Shares (BN)
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Source: Financial Post
Author of the article: You can save this article by registering for free here . Or sign-in if you have an account. (Bloomberg) — Brookfield Corp. posted a 5% increase in distributable earnings, beating analysts' estimates, as higher profits in its insurance business helped offset a soft patch for Brookfield Asset Management. The Canadian alternative investment manager had distributable earnings of $1.22 billion in the first quarter, or 77 cents a share. Analysts were expecting 71 cents, according to data compiled by Bloomberg. Article content Article content Earnings from its wealth solutions unit surged 88% to $273 million. That's the group that contains Brookfield's rapidly-growing life insurance, annuities and retirement services platform, which includes a partnership with Oaktree Capital Management. Distributable earnings in Brookfield's operating businesses, which include its property and renewable energy assets, rose 13%. Brookfield said it has a record $150 bil
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- Top Climate Investor in India Seeks to Raise a $1 Billion Fund [BNN Bloomberg (Canada)]BNN Bloomberg
- Partners Value Split Corp. to Partially Redeem Its Class AA Preferred Shares, Series 8 [Yahoo! Finance]Yahoo! Finance
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Earnings
- 5/9/24 - Miss
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Sec Filings
- 5/22/24 - Form F-10
- 5/22/24 - Form F-X
- 5/22/24 - Form F-10
- BN's page on the SEC website