Profile
Sector:
Financial ServicesIndustry:
Insurance DiversifiedCountry:
BermudaIPO:
28 June 2021Website:
http://bnre.brookfield.comNext earnings report:
N/ALast dividends:
12 September 2024Next dividends:
N/APrice
regular market | Thu, 07 Nov 2024 14:30:00 GMTAnalysts recommendations
Institutional Ownership
BNRE Latest News
Brookfield Reinsurance agreed to buy the rest of American Equity Life Holding Company that it doesn't already own for $4.3 billion.
Brookfield Reinsurance Ltd. BNRE, -0.63% has agreed to acquire the shares of American Equity Investment Life Holding Co. AEL, -0.69%, or AEL, it does not already own in a cash-and-stock deal valued at $4.3 billion.
BROOKFIELD, NEWS, June 28, 2023 (GLOBE NEWSWIRE) -- Brookfield Reinsurance (NYSE, TSX: BNRE) today announced that it has filed recast audited consolidated financial statements as of December 31, 2022 and December 31, 2021 and for each of the three years in the period ended December 31, 2022 and corresponding management's discussion and analysis (the “Recast Financial Statements”). The Recast Financial Statements have been prepared in connection with Brookfield Reinsurance's previously announced conversion of its accounting framework from International Financial Reporting Standards, as issued by the International Accounting Standards Board, to accounting principles generally accepted in the United States of America.
American Equity Investment Life Holding (NYSE: AEL) ended about 15% up after Brookfield Reinsurance Ltd (TSE: BNRE) said it was willing to buy the annuity provider for $4.3 billion. Analysts' view on the Brookfield-AEL deal The proposal translates to $55 a share, of which, the Canadian investment giant wants to pay $38.
The stock of American Equity Investment Life Holding Co. AEL, +10.89% jumped 15% premarket Tuesday, after the West Des Moines, Iowa-based annuity provider confirmed it has received a $55 per share offer from Brookfield Reinsurance Ltd. BAM, -0.57% The offer is comprised of $38.85 a share in cash and $16.15 a share in Brookfield stock.
What type of business is Brookfield Reinsurance?
Brookfield Reinsurance Ltd., through its subsidiaries, provides insurance and reinsurance services to individuals and institutions in the United States, Canada, and internationally. The company operates in three segments: Direct Insurance, Reinsurance, and Pension Risk Transfer (PRT). The Direct Insurance segment offers a range of insurance products and services including Whole, Universal, Variable Universal, and Credit Life insurance products; deferred, single premium immediate, and variable annuities; primary and excess casualty products, such as specialty casualty, construction defect, general liability, commercial multi-peril, workers compensation, product liability, environmental liability, and auto liability; professional liability including management, transaction, and errors and omissions liability; property insurance for homeowners and renters, inland marine, and auto physical damages; surety, animal mortality, and ocean marine insurance; and health insurance, credit insurance, and pension products. The Reinsurance segment provides reinsurance of annuity-based products, such as fixed, fixed index, and payout annuities. The PRT segment provides transfer by a corporate sponsor of the risks associated with the sponsorship and administration of a pension plan. The company was formerly known as Brookfield Asset Management Reinsurance Partners Ltd. and changed its name to Brookfield Reinsurance Ltd. in December 2022. Brookfield Reinsurance Ltd. was incorporated in 2020 and is headquartered in Pembroke, Bermuda.
What sector is Brookfield Reinsurance in?
Brookfield Reinsurance is in the Financial Services sector
What industry is Brookfield Reinsurance in?
Brookfield Reinsurance is in the Insurance Diversified industry
What country is Brookfield Reinsurance from?
Brookfield Reinsurance is headquartered in Bermuda
When did Brookfield Reinsurance go public?
Brookfield Reinsurance initial public offering (IPO) was on 28 June 2021
What is Brookfield Reinsurance website?
https://bnre.brookfield.com
Is Brookfield Reinsurance in the S&P 500?
No, Brookfield Reinsurance is not included in the S&P 500 index
Is Brookfield Reinsurance in the NASDAQ 100?
No, Brookfield Reinsurance is not included in the NASDAQ 100 index
Is Brookfield Reinsurance in the Dow Jones?
No, Brookfield Reinsurance is not included in the Dow Jones index
When was Brookfield Reinsurance the previous earnings report?
No data
When does Brookfield Reinsurance earnings report?
Next earnings report date is not announced yet