BXDIF · Brookfield Asset Management Inc

Brookfield Corporation reported strong first quarter results for 2026, with distributable earnings before realizations increasing 7% to $1.4 billion ($0.59 per share) compared to the same period last year. Total distributable earnings were $1.6 billion ($0.66 per share). The growth was driven by an 11% increase in fee-related earnings from asset management, supported by strong institutional fundraising and fee-bearing capital reaching $614 billion. Wealth solutions delivered robust results with $4 billion in annuity sales, and the acquisition of Just Group added $40 billion in insurance assets. Operating businesses contributed stable cash flows, with infrastructure, energy, and private equity performing well. The company also announced a plan to combine Brookfield Corporation (BN) with its insurance business (BNT) to enhance capital efficiency and flexibility, expected to close in 2026 subject to approvals. Additionally, over $1 billion of BN and BAM shares were repurchased year-to-date. A quarterly dividend of $0.07 per share was declared.