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Stocks A to Z / Stocks B / Brookfield Corporation (BN)
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Author: Baybrooke   😊 😞
Number: of 551 
Subject: Re: BN BAM divergence
Date: 02/22/26 12:16 PM
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Are investors rerating BAM at lower valuations as an insurance underwriter compared to asset managers?

No, because BAM does not underwrite insurance, BN does. Insurance liabilities are on BN's balance sheet, not BAM's. For the insurance business, BAM is only managing insurance assets on BN's behalf, of course for a fee.

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