Subject: Earnings Q1
Nick Goodman, President of Brookfield Corporation, said, “We started the year strong, with good growth in asset management, continued scaling of wealth solutions, and stable cash flows in our operating businesses. We were active in many areas, including the repurchase of over $1 billion of shares year-to-date in the open market—of which $470 million were BN shares and $575 million were BAM shares.”

Nick Goodman continued, “As part of our ongoing efforts to streamline our corporate structure, we are advancing plans to combine Brookfield Corporation and our insurance business (BNT). As our insurance platform continues to scale, the combination will enhance capital efficiency and flexibility, supporting our ability to deploy capital globally into high-quality investment opportunities, and our commitment to provide excellent service and long-term certainty for our policyholders. This builds on the successful conversion of our listed private business entity (BBUC) earlier this year and the progress we have made exploring similar initiatives with our listed infrastructure and energy vehicles.”

Operating Results

Distributable earnings (“DE”) before realizations increased by 7% and 6% over the prior periods.

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