Aankondiging • May 04

Brookfield Reinsurance Ltd. (NYSE:BNRE), Bam Re Partners Trust, Bam Re Holdings Ltd., North End Re (Cayman) SPC and Freestone Re Ltd. completed the acquisition of remaining 79.62% stake in American Equity Investment Life Holding Company (NYSE:AEL).

Brookfield Reinsurance Ltd. (NYSE:BNRE), Bam Re Partners Trust, Bam Re Holdings Ltd., North End Re (Cayman) SPC and Freestone Re Ltd. submitted a proposal to acquire remaining 79.62% stake in American Equity Investment Life Holding Company (NYSE:AEL) for $3.5 billion on June 26, 2023. Brookfield Reinsurance Ltd., Bam Re Partners Trust, Bam Re Holdings Ltd., North End Re (Cayman) SPC and Freestone Re Ltd. entered into a definitive agreement to acquire remaining 79.62% stake in American Equity Investment Life Holding Company for approximately $4.3 billion on July 4, 2023. Buyers delivered a letter to the board of directors of American Equity Investment Life Holding Company setting forth a proposal to acquire all of the outstanding shares of common stock of AEL not already owned for aggregate consideration of $55.00 per AEL share. As consideration for each AEL share, shareholders will receive $38.85 in cash and a number of Brookfield Asset Management Ltd. (NYSE, TSX: BAM) (“BAM”) class A limited voting shares (“BAM Shares”) having a value equal to $16.15 based on the unaffected 90-day VWAP as of June 23, 2023, resulting in total consideration of $55.00 per AEL share, subject to adjustment in certain circumstances. In the event that the 10-day VWAP of BAM Shares (measured five business days prior to closing of the transaction) (the “BAM Final Stock Price”) would result in the aggregate consideration per AEL Share being less than $54.00, the number of BAM Shares delivered for each AEL Share will be increased such that the value of the aggregate consideration delivered for each AEL Share will be equal to $54.00. In such circumstance, BNRe may elect, in its sole discretion, to substitute cash consideration in lieu of all or any portion of the BAM Share consideration; provided that in the event that BNRe elects to substitute cash for less than all of the BAM Share consideration, the BAM Share consideration must have an aggregate value of not less than $200 million. Upon the closing of the proposed transaction, AEL Shares will be delisted from the New York Stock Exchange and shares of AEL’s series A noncumulative preferred stock (NYSE:AELPRA) and series B preferred stock (NYSE:AELPRB) will remain listed on the New York Stock Exchange. In the event that the BAM Final Stock Price would result in the aggregate consideration per AEL Share being greater than $56.50, the number of BAM Shares delivered for each AEL Share will be decreased such that the value of the aggregate consideration delivered for each AEL Share will equal $56.50. Buyers collectively own 15,886,163 AEL share. The agreement does not provide for the payment of any consideration with respect to the issued and outstanding shares of AEL Series A and Series B preferred stock. As such, these shares will be unaffected by the agreement and will remain outstanding. Brookfield Reinsurance is expected to fund the transaction with cash on hand available to Brookfield Reinsurance, class A limited voting shares of Brookfield Asset Management Ltd., and $350 million of debt financing. If, in connection with a termination of the Merger Agreement (1) by Parent due to a change of the Board’s recommendation that the Company’s shareholders vote to approve the Merger or by the Company to enter into an agreement in connection with a Superior Proposal or (2) by either party as a result of a failure to obtain the Company Shareholder Approval and within twelve months of such termination, the Company consummates or enters into a definitive agreement to consummate an alternative takeover proposal that was publicly made known and not withdrawn prior to such termination, then the Company may be required to pay Parent a termination fee of $102,000,000. The closing of the Merger is subject to satisfaction or waiver of customary closing conditions, including (1) the receipt of the Company Shareholder Approval, (2) receipt of certain regulatory approvals, including the expiration or termination of the waiting period (and any extension thereof) under the Hart-Scott-Rodino Antitrust Improvements Act of 1976, as amended, (3) the absence of any injunction or restraint making illegal or otherwise prohibiting the consummation of the Merger, (4) the effectiveness of the registration statement on Form F-4 to be filed by BAM pursuant to which the shares of BAM Class A Stock to be issued as Stock Consideration will be registered with the Securities and Exchange Commission (the “ SEC ”) and (5) listing approval of the shares of BAM Class A Stock to be issued as Stock Consideration (i) on the New York Stock Exchange and (ii) subject to official notice of issuance, on the Toronto Stock Exchange. Parent’s, Merger Sub’s and BAM’s obligations to close the Merger are also conditioned upon the absence of a Company Material Adverse Effect (as defined in the Merger Agreement) and the absence of the imposition of a Burdensome Condition (as defined in the Merger Agreement) by any regulator as part of the regulatory approval process. The Board has unanimously (1) determined that the Merger Agreement and the transactions contemplated thereby, including the Merger, are advisable, fair to, and in the best interests of, the Company and its shareholders (other than the Parent Group Shareholders and any other shareholders affiliated with Parent), (2) adopted the Merger Agreement and the transactions contemplated thereby, including the Merger, (3) directed that the Merger Agreement and the transactions contemplated thereby, including the Merger, be submitted to the Company’s shareholders for approval and (4) resolved to recommend that the Company’s shareholders vote to approve the Merger and the Merger Agreement. The transaction is not subject to any financing condition or contingency. Each of Brookfield Reinsurance’s and AEL’s boards of directors unanimously approved the merger agreement. On November 10, 2023, the shareholders of American Equity Investment have been approved the merger. The merger is expected to close in the first half of 2024. As of April 30, 2024, the transaction is expected to close following the close of market on May 2, 2024. AEL Board will carefully review Brookfield Reinsurance’s proposal in accordance with its fiduciary duties and in consultation with its independent financial and legal advisors. Ardea Partners acted as financial advisor and will receive a fee of $43 million and J.P. Morgan acted as financial advisor to AEL and Rodge Cohen, Melissa Sawyer, Steve Kotran, Marion Leydier, Yev Markov, Julia Kim, Kevin Akrong, Cathy Clarkin, John Savva, Marc Treviño, Heather Coleman, Mehdi Ansari, Neal McKnight, Jameson S. Lloyd, David C. Spitzer, Frederick Wertheim, Tracey E. Russell, Eric J. Kadel Jr., Matthew J. Brennan, David M.J. Rein, Joe Matelis, Eric Queen and Bradley Smith of Sullivan & Cromwell LLP is serving as legal advisor. Barclays is serving as lead financial advisor to Brookfield Reinsurance and BMO Capital Markets is also acting as a financial advisor to Brookfield Reinsurance on this transaction. David J. Perkins, Richard Hall, Adam M. Sanchez, Matthew M. Kelly, Lauren Angelilli, Amanda Hines Gold, Jeffrey T. Dinwoodie, Jesse M. Weiss and Benjamin G. Joseloff of Cravath, Swaine & Moore LLP and E. Drew Dutton, Andrew G. Jamieson, Nicholas F. Potter and Peter F.G. Schuur of Debevoise & Plimpton LLP acted as legal advisors to Brookfield Reinsurance Ltd. J.P. Morgan Securities LLC and Ardea Partners LP provided fairness opinion to AEL in the transaction and JP Morgan will received a fee of $3 million. Computershare Inc. acted as registrar and Computershare Trust Company, N.A. acted as Depository Bank to AEL in the transaction. Innisfree M&A Incorporated acted as information agent to AEL and will receive a fee of $50,000 for its services. Brookfield Reinsurance Ltd. (NYSE:BNRE), Bam Re Partners Trust, Bam Re Holdings Ltd., North End Re (Cayman) SPC and Freestone Re Ltd. completed the acquisition of remaining 79.62% stake in American Equity Investment Life Holding Company (NYSE:AEL) on May 2, 2024. At closing, each issued and outstanding share of common stock of AEL was converted into the right to receive (i) $38.85 per share in cash, and (ii) the Stock Consideration equal to 0.45464 fully-paid and nonassessable shares of class A limited voting shares of Brookfield Asset Management Ltd. Anant Bhalla ceased to be an executive officer of AEL. David S. Mulcahy, Anant Bhalla, Joyce A. Chapman, Brenda J. Cushing, Michael E. Hayes, Douglas T. Healy, Robert L. Howe, William R. Kunkel, Alan D. Matula and Gerard D. Neugent resigned as directors of AEL. Sachin Shah, Jon Bayer, Anne Schaumburg and Gregory Morrison became the directors of AEL at close of the transaction.

Percentage CEO-salaris	8.05%
Dienstverband CEO	5.2yrs
Eigendom CEO	0.6%
Management gemiddelde ambtstermijn	3.9yrs
Gemiddelde ambtstermijn bestuur	4.7yrs

Datum	Totale vergoeding	Salaris	Bedrijfswinsten
Mar 31 2026	n/a	n/a	US$483m
Dec 31 2025	US$11m	US$900k	US$766m
Sep 30 2025	n/a	n/a	US$1b
Jun 30 2025	n/a	n/a	US$790m
Mar 31 2025	n/a	n/a	US$553m
Dec 31 2024	US$14m	US$750k	US$1b
Sep 30 2024	n/a	n/a	US$1b
Jun 30 2024	n/a	n/a	US$1b
Mar 31 2024	n/a	n/a	US$1b
Dec 31 2023	US$12m	US$556k	US$796m
Sep 30 2023	n/a	n/a	US$522m
Jun 30 2023	n/a	n/a	US$581m
Mar 31 2023	n/a	n/a	US$245m
Dec 31 2022	US$8m	US$538k	US$499m
Sep 30 2022	n/a	n/a	US$275m
Jun 30 2022	n/a	n/a	US$134m
Mar 31 2022	n/a	n/a	US$109m
Dec 31 2021	US$8m	US$559k	-US$112m
Sep 30 2021	n/a	n/a	US$0
Jun 30 2021	n/a	n/a	US$7m
Mar 31 2021	n/a	n/a	US$5m
Dec 31 2020	US$5m	US$522k	US$1m

Naam	Positie	Tenure	Compensatie	Eigendom
Sachin Shah	CEO, Head of Insurance Solutions Business & Director	5.2yrs	US$11.18m	0.59% CA$ 119.1m
Michael McRaith	Managing Partner & Vice Chair	less than a year	US$2.31m	geen gegevens
Thomas Corbett	Managing Partner & CFO	5.3yrs	US$2.67m	0.0021% CA$ 422.7k
Lorenzo Fernando Lorilla	Managing Partner & Chief Investment Officer	3.9yrs	US$4.07m	geen gegevens
Paul Forestell	Managing Partner & Chief Actuary	no data	US$1.58m	geen gegevens
Lyndsay Hatlelid	Managing Partner & General Counsel	no data	geen gegevens	geen gegevens
Gregory McConnie	Managing Director	no data	US$722.51k	geen gegevens
Christopher Donahue	Senior VP & MD	3.4yrs	geen gegevens	geen gegevens
Susan Comparato	Managing Director of Portfolio Management	2.7yrs	geen gegevens	geen gegevens
Alper Daglioglu	Managing Partner & Head of Investment Solutions Group	1.2yrs	geen gegevens	geen gegevens
Shashank Bhalla	MD & Head of Europe	no data	geen gegevens	geen gegevens
Jonathan Bayer	Managing Partner	no data	geen gegevens	geen gegevens

Naam	Positie	Tenure	Compensatie	Eigendom
Sachin Shah	CEO, Head of Insurance Solutions Business & Director	5.2yrs	US$11.18m	0.59% CA$ 119.1m
Michael McRaith	Managing Partner & Vice Chair	less than a year	US$2.31m	geen gegevens
Michele Mayes	Independent Director	2.9yrs	US$150.00k	geen gegevens
Barry Blattman	Director	4.7yrs	geen gegevens	0.34% CA$ 68.5m
Gregory Ernest Morrison	Independent Director	5.6yrs	US$160.00k	geen gegevens
Lori Pearson	Chairman	2.9yrs	geen gegevens	0.060% CA$ 12.2m
Anne Schaumburg	Independent Director	5.2yrs	US$160.00k	0.00066% CA$ 134.1k
Soon Young Chang	Independent Director	4.7yrs	US$165.00k	geen gegevens
Lars Eric Nils Rodert	Independent Director	4.7yrs	US$177.50k	geen gegevens
William Cox	Lead Independent Director	5.2yrs	US$210.00k	0.0027% CA$ 546.7k

Gegevens	Laatst bijgewerkt (UTC-tijd)
Bedrijfsanalyse	2026/07/10 17:23
Aandelenkoers aan het einde van de dag	2026/07/10 00:00
Inkomsten	2026/03/31
Jaarlijkse inkomsten	2025/12/31

Pakket	Gegevens	Tijdframe	Voorbeeld Amerikaanse bron ^*
Financiële gegevens bedrijf	10 jaar	Resultatenrekening Kasstroomoverzicht Balans	SEC-formulier 10-K SEC-formulier 10-Q
Consensus schattingen analisten	+3 jaar	Financiële prognoses Koersdoelen analisten	Onderzoeksrapporten van analisten Blue Matrix
Marktprijzen	30 jaar	Aandelenprijzen Dividenden, splitsingen en acties	ICE Marktgegevens SEC-formulier S-1
Eigendom	10 jaar	Top aandeelhouders Handel met voorkennis	SEC-formulier 4 SEC-formulier 13D
Beheer	10 jaar	Leiderschapsteam Raad van bestuur	SEC-formulier 10-K SEC-formulier DEF 14A
Belangrijkste ontwikkelingen	10 jaar	Bedrijfsaankondigingen	SEC-formulier 8-K

Brookfield Wealth Solutions Beheer

Beheer criteriumcontroles 3/4

Belangrijke informatie

Recente managementupdates

Brookfield Wealth Solutions Ltd., Annual General Meeting, Jul 16, 2026

Brookfield Wealth Solutions Ltd., Annual General Meeting, Jun 10, 2025

Brookfield Reinsurance Ltd., Annual General Meeting, Jul 22, 2024

Brookfield Reinsurance Ltd. Announces Board Appointments

Brookfield Reinsurance Ltd., Annual General Meeting, Aug 17, 2023

Brookfield Reinsurance Ltd., Annual General Meeting, Aug 08, 2023

Recent updates

Upcoming dividend of US$0.07 per share

First quarter dividend of US$0.07 announced

First quarter 2026 earnings released: US$1.83 loss per share (vs US$0.90 loss in 1Q 2025)

Brookfield Wealth Solutions Ltd., Annual General Meeting, Jul 16, 2026

Brookfield Wealth Solutions Ltd. (NYSE:BNT) completed the acquisition of Just Group plc (LSE:JUST) from a group of shareholders.

Full year 2025 earnings released: EPS: US$2.30 (vs US$3.34 in FY 2024)

Upcoming dividend of US$0.07 per share

Now 20% undervalued after recent price drop

Fourth quarter dividend of US$0.07 announced

Full year 2025 earnings released: EPS: US$2.49 (vs US$3.34 in FY 2024)

Brookfield Wealth Solutions Ltd. Declares Quarterly Distribution Increase, Payable on March 31, 2026

Now 21% undervalued

Upcoming dividend of US$0.06 per share

Third quarter dividend of US$0.06 announced

Brookfield Wealth Solutions Ltd. Declares Quarterly Return of Capital on Class A and Class B Shares, Payable on December 31, 2025

Upcoming dividend of US$0.09 per share

Second quarter dividend of US$0.09 announced

Second quarter 2025 earnings released: EPS: US$2.07 (vs US$1.53 in 2Q 2024)

Brookfield Wealth Solutions Ltd. (NYSE:BNT) agreed to acquire Just Group plc (LSE:JUST) from a group of shareholders for £2.3 billion.

Upcoming dividend of US$0.09 per share

First quarter dividend of US$0.09 announced

New minor risk - Earnings quality

Brookfield Wealth Solutions Ltd. Declares Quarterly Return of Capital on Class A Share and Class B Share, Payable on June 30, 2025

Brookfield Wealth Solutions Ltd., Annual General Meeting, Jun 10, 2025

Investor sentiment deteriorates as stock falls 17%

Full year 2024 earnings released: EPS: US$4.96 (vs US$5.47 in FY 2023)

Upcoming dividend of US$0.09 per share

Fourth quarter dividend of US$0.09 announced

Brookfield Reinsurance Ltd. Declares Quarterly Distribution, Payable on March 31, 2025

Full year 2024 earnings released: EPS: US$7.06 (vs US$5.47 in FY 2023)

Upcoming dividend of US$0.08 per share

Third quarter dividend of US$0.08 announced

Brookfield Reinsurance Ltd. Declares Quarterly Distribution, Payable on December 31, 2024

Second quarter dividend of US$0.08 announced

Second quarter 2024 earnings released: EPS: US$1.82 (vs US$7.01 in 2Q 2023)

Brookfield Reinsurance Ltd. Declares Quarterly Distribution, Payable on September 27, 2024

Brookfield Reinsurance Ltd., Annual General Meeting, Jul 22, 2024

Upcoming dividend of US$0.08 per share

First quarter 2024 earnings released: EPS: US$2.30 (vs US$1.89 loss in 1Q 2023)

Fourth quarter dividend of US$0.08 announced

Brookfield Reinsurance Ltd. Declares Quarterly Distribution, Payable on June 28, 2024

Brookfield Reinsurance Ltd. (NYSE:BNRE), Bam Re Partners Trust, Bam Re Holdings Ltd., North End Re (Cayman) SPC and Freestone Re Ltd. completed the acquisition of remaining 79.62% stake in American Equity Investment Life Holding Company (NYSE:AEL).

Full year 2023 earnings released: EPS: US$5.47 (vs US$9.87 in FY 2022)

Upcoming dividend of US$0.08 per share

Full year 2023 earnings released: EPS: US$7.07 (vs US$9.69 in FY 2022)

Fourth quarter dividend of US$0.08 announced

Upcoming dividend of US$0.07 per share at 0.8% yield

Brookfield Reinsurance Ltd. (NYSE:BNRE) completed the acquisition of Argo Group International Holdings, Ltd. from Voce Capital Management, LLC, Pzena Investment Management LLC and other shareholders.

New major risk - Shareholder dilution

Now 20% undervalued

Third quarter 2023 earnings released: EPS: US$1.47 (vs US$4.79 in 3Q 2022)

Brookfield Reportedly Weighs Move into UK Pension Insurance Market

Brookfield Reinsurance Ltd. Declares Quarterly Distribution, Payable on September 29, 2023

Upcoming dividend of US$0.07 per share at 1.6% yield

Brookfield Reinsurance Ltd. Announces Board Appointments

Brookfield Reinsurance Ltd. Declares Quarterly Distribution, Payable on September 29, 2023

Second quarter 2023 earnings released: EPS: US$0.07 (vs US$0.066 in 2Q 2022)

Brookfield Reinsurance Ltd., Annual General Meeting, Aug 17, 2023

Brookfield Reinsurance Ltd., Annual General Meeting, Aug 08, 2023

Upcoming dividend of US$0.07 per share at 1.7% yield

Brookfield Reinsurance Ltd. Declares Quarterly Distribution on Class A and B Share, Payable on June 30, 2023

First quarter 2023 earnings released

Upcoming dividend of US$0.07 per share at 1.7% yield

Full year 2022 earnings released: EPS: US$10.76 (vs US$1.28 loss in FY 2021)

Brookfield Reinsurance Ltd. Declares Quarterly Distribution, Payable on March 31, 2023

Investor sentiment deteriorated over the past week

Upcoming dividend of US$0.14 per share

High number of new and inexperienced directors

Third quarter 2022 earnings released