Toronto-based financial giant Brookfield Corporation has announced strong third-quarter results for 2025, with distributable earnings climbing approximately six percent compared to the same period last year. The company's strategic pivot toward insurance and wealth management services continues to drive growth amid evolving market conditions.
Financial Performance Highlights
Brookfield reported distributable earnings of US$1.3 billion, equivalent to 56 cents per share, excluding gains from asset sales. The results demonstrate the company's successful execution of its long-term growth strategy, particularly in expanding its wealth and insurance operations.
According to the company's statement released Thursday, the wealth division emerged as a standout performer with profits increasing by about 15 percent during the quarter. This impressive growth contrasts with the asset management segment, which saw a slight decline to US$687 million from US$694 million a year earlier.
Strategic Expansion in Insurance
The company's insurance and wealth solutions business has become a central pillar of Brookfield's growth strategy. During the third quarter, Brookfield originated US$5 billion in retail and institutional annuity sales, pushing total insurance assets to US$139 billion. The wealth unit has also deployed US$4 billion into Brookfield-managed investment strategies.
Brookfield President Nick Goodman emphasized the significance of these developments, stating: "We continue to successfully execute on our key initiatives, positioning Brookfield for our next phase of growth. Our agreement to acquire the remaining interest in Oaktree, as well as the continued global expansion of our wealth solutions business, mark important milestones in compounding long-term value for our shareholders."
Global Market Expansion
Brookfield's international expansion efforts have gained significant momentum in recent months. In July, Brookfield Wealth Solutions agreed to acquire UK insurer Just Group Plc, positioning the company to capture a major portion of Britain's pension-risk transfer market.
The company has also made strategic inroads into Japan's insurance market, signing a reinsurance agreement with Dai-ichi Frontier Life in September after establishing a Tokyo office earlier in the year. These moves underscore Brookfield's commitment to building a global insurance platform.
Chief Executive Bruce Flatt expressed optimism about the broader economic environment, noting in his shareholder letter: "The global economy is resilient despite ongoing trade uncertainty." Flatt expects current momentum to continue, particularly if governments manage interest rates below inflation, which would create optimal conditions for real assets - Brookfield's specialty.
So far this year, Brookfield has deployed US$115 billion of capital and generated US$75 billion from asset sales across its platforms, signaling a strong return of merger and acquisition activity in the financial sector.
