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Brookfield Reinsurance saw net income fall

February 11, 2022

Brookfield Reinsurance has reported that its net income fell by $43m in the three months ending 2021, a $45m swing from the same period the year before.

Announced in its latest results, the firm said that it had a loss in its net income of $44m over the year, a $46m swing from 2020. Meanwhile, the company’s equity and excess capital rose to $1,435m and $720m between 2020 and 2021.

The company said that its highlights for 2021 include $12bn of large block reinsurance agreements, twenty-six pension risk transfers, and entering an agreement to buy American National Group. The company also said it had bought 6.78m share in American Equity Investment Life Holding Company, bringing its equity in that company to 16%.

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