Brookfield Reinsurance Ltd.
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, Variab… Read more
Brookfield Reinsurance Ltd. (BNRE) - Net Assets
Latest net assets as of June 2024: $9.01 Billion USD
Based on the latest financial reports, Brookfield Reinsurance Ltd. (BNRE) has net assets worth $9.01 Billion USD as of June 2024.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($119.70 Billion) and total liabilities ($110.68 Billion). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | $9.01 Billion |
| % of Total Assets | 7.53% |
| Annual Growth Rate | 211.0% |
| 5-Year Change | N/A |
| 10-Year Change | N/A |
| Growth Volatility | 669.02 |
Brookfield Reinsurance Ltd. - Net Assets Trend (2019–2023)
This chart illustrates how Brookfield Reinsurance Ltd.'s net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Brookfield Reinsurance Ltd. (2019–2023)
The table below shows the annual net assets of Brookfield Reinsurance Ltd. from 2019 to 2023.
| Year | Net Assets | Change |
|---|---|---|
| 2023-12-31 | $6.12 Billion | +54.28% |
| 2022-12-31 | $3.97 Billion | +176.59% |
| 2021-12-31 | $1.44 Billion | +1625.53% |
| 2020-12-31 | $83.16 Million | +27.05% |
| 2019-12-31 | $65.46 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Brookfield Reinsurance Ltd.'s total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have grown by 2474018.7% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2023)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | $940.17 Million | 15.73% |
| Common Stock | $5.16 Billion | 86.27% |
| Other Comprehensive Income | $-119.39 Million | -2.00% |
| Total Equity | $5.98 Billion | 100.00% |
Brookfield Reinsurance Ltd. Competitors by Market Cap
The table below lists competitors of Brookfield Reinsurance Ltd. ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Valterra Platinum Limited
PINK:ANGPY
|
$1.54 Billion |
|
BWP Trust
PINK:BUNNF
|
$1.54 Billion |
|
BOC Aviation Limited
PINK:BCVVF
|
$1.54 Billion |
|
Carmila SA
PA:CARM
|
$1.54 Billion |
|
PACS Group, Inc.
NYSE:PACS
|
$1.54 Billion |
|
HLA GROUP CORP LTD
SHG:600398
|
$1.54 Billion |
|
Calibre Mining Corp
OTCQX:CXBMF
|
$1.53 Billion |
|
KENON HLDGS LTD
F:76N
|
$1.53 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Brookfield Reinsurance Ltd.'s equity between the two most recent reporting periods.
Equity Growth Insights
- From 2022 to 2023, total equity changed from 3,961,000,000 to 5,978,256,153, a change of 2,017,256,153 (50.9%).
- Net income of 796,000,000 contributed positively to equity growth.
- Dividend payments of 5,091,694 reduced retained earnings.
- Share repurchases of 5,000,000 reduced equity.
- Other comprehensive income increased equity by 763,213,618.
- Other factors increased equity by 2,927,134,229.
Equity Change Factors (2022 to 2023)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $796.00 Million | +13.31% |
| Dividends Paid | $5.09 Million | -0.09% |
| Share Repurchases | $5.00 Million | -0.08% |
| Other Comprehensive Income | $763.21 Million | +12.77% |
| Other Changes | $2.93 Billion | +48.96% |
| Total Change | $- | 50.93% |
Book Value vs Market Value Analysis
This analysis compares Brookfield Reinsurance Ltd.'s book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 1.13x
- The company is trading above its book value, indicating the market recognizes value beyond its reported assets.
- The price-to-book ratio has decreased from 24.53x to 1.13x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2019-12-31 | $2.35 | $57.70 | x |
| 2020-12-31 | $1246.49 | $57.70 | x |
| 2021-12-31 | $41.66 | $57.70 | x |
| 2022-12-31 | $78.35 | $57.70 | x |
| 2023-12-31 | $50.93 | $57.70 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Brookfield Reinsurance Ltd. utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 13.31%
- The company shows good efficiency in utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 11.13%
- • Asset Turnover: 0.12x
- • Equity Multiplier: 9.63x
- Recent ROE (13.31%) is above the historical average (6.79%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2019 | 9.17% | 1.57% | 0.41x | 14.16x | $-545.60K |
| 2020 | 1.93% | 0.31% | 0.36x | 17.32x | $-6.71 Million |
| 2021 | -3.07% | -0.60% | 0.63x | 8.01x | $-187.50 Million |
| 2022 | 12.60% | 11.58% | 0.10x | 10.98x | $102.90 Million |
| 2023 | 13.31% | 11.13% | 0.12x | 9.63x | $198.17 Million |
Industry Comparison
This section compares Brookfield Reinsurance Ltd.'s net assets metrics with peer companies in the Insurance - Diversified industry.
Industry Context
- Industry: Insurance - Diversified
- Average net assets among peers: $29,608,843,500
- Average return on equity (ROE) among peers: 13.17%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Brookfield Reinsurance Ltd. (BNRE) | $9.01 Billion | 9.17% | 12.28x | $1.54 Billion |
| Alm. Brand A/S (ABDBY) | $13.40 Billion | 5.80% | 1.64x | $2.98 Billion |
| Arch Capital Group Ltd (ACGL) | $2.48 Billion | 10.34% | 3.63x | $32.40 Billion |
| ageas SA/NV (AGESF) | $8.80 Billion | 12.71% | 10.19x | $10.79 Billion |
| American International Group Inc (AIG) | $109.64 Billion | 12.81% | 7.93x | $41.13 Billion |
| Aviva plc (AIVAF) | $11.16 Billion | 0.00% | 0.03x | $18.17 Billion |
| Allianz SE (ALIZF) | $63.58 Billion | 13.43% | 14.46x | $143.52 Billion |
| Assicurazioni Generali S.p.A (ARZGF) | $18.35 Billion | 18.39% | 19.85x | $30.45 Billion |
| AXA SA (AXAHF) | $52.40 Billion | 13.72% | 11.30x | $66.04 Billion |
| BB Seguridade Participacoes SA (BBSEY) | $11.40 Billion | 35.51% | 0.17x | $4.26 Billion |
| Bâloise Holding AG (BLHEF) | $4.87 Billion | 8.96% | 14.09x | $8.54 Billion |