NYSE · Financial Statements

Brookfield Reinsurance Ltd. (BNRE) Financial Statements

$47.12 NYSE: BNRE Market Cap $6.87B

Brookfield Reinsurance Ltd. most recently reported annual revenue of $7.1B, net profit of $796.0M. Revenue grew at an average annual rate of 113.5% over the last 5 fiscal years. See the full income statement, balance sheet, and cash flow statement below, plus valuation and return ratios.

Brookfield Reinsurance Ltd.: Revenue rose from $161.0M in 2018 to $7.1B in 2023, a change of +4340.4% over 5 years; net profit was positive in 4 of 6 reported years; operating margin moved from -0.3% to 13.9%, a shift of +14.1 percentage points; the most recent year shows net profit of $796.0M.

Income Statement — 6 Years (USD millions)

Metric201820192020202120222023
Revenue$161.0M$382.0M$514.0M$7.3B$4.3B$7.1B
Operating Expenses$161.0M$376.0M$512.0M$7.3B$3.6B$6.2B
Operating Profit$0$6.0M$2.0M$-42.0M$741.0M$991.0M
Operating Margin-0.3%1.6%0.4%-0.6%17.2%13.9%
Other Income$0$0$0$-71.0M$51.0M$814.0M
Interest$0$0$0$9.0M$196.0M$1.3B
Depreciation$0$0$0$100.0M$12.0M$50.0M
Profit Before Tax$-1.0M$6.0M$2.0M$-42.0M$560.0M$814.0M
Tax$0$0$25.2M$-4.8M$12.1M$2.1M
Net Profit$-1.0M$6.0M$2.0M$-44.0M$499.0M$796.0M
EPS$-0.02$0.22$0.06$-1.28$9.69$5.75
Dividend Payout0.0%0.0%0.0%0.0%0.0%0.0%

Quarterly Results — Last 12 Quarters (USD millions)

6 duplicate period labels in the source data were collapsed.

MetricSep '21Dec '21Mar '22Jun '22Sep '22Dec '22Mar '23Jun '23Sep '23Dec '23Mar '24Jun '24
Revenue$2.3B$5.0B$324.0M$1.3B$2.0B$1.6B$1.2B$2.1B$1.6B$2.4B$2.6B$2.9B
Operating Expenses$2.3B$5.0B$182.0M$1.2B$1.6B$1.3B$1.0B$1.7B$1.5B$2.4B$2.1B$2.7B
Operating Profit$-8.0M$-32.0M$142.0M$41.0M$331.0M$240.0M$197.0M$376.0M$66.0M$-51.0M$465.0M$221.0M
Operating Margin-0.3%-0.6%43.8%3.2%16.9%15.4%16.4%18.1%4.2%-2.1%18.1%7.6%
Interest$0$8.0M$9.0M$34.0M$70.0M$83.0M$301.0M$376.0M$351.0M$70.0M$314.0M$517.0M
Profit Before Tax$-8.0M$-41.0M$133.0M$7.0M$265.0M$155.0M$-104.0M$373.0M$67.0M$491.0M$360.0M$-29.0M
Tax$25.0M$-4.9M$3.8M$85.7M$15.8M$9.7M$10.6M$3.5M$-14.9M$-5.2M$6.9M$1.0B
Net Profit$-6.0M$-43.0M$156.0M$1.0M$219.0M$140.0M$-93.0M$363.0M$76.0M$455.0M$335.0M$264.0M
EPS$-0.22$-1.25$4.53$0.02$4.79$2.77$-1.80$7.01$1.47$4.14$2.30$1.81

Over the 6 years reported for Brookfield Reinsurance Ltd., cash stood at $4.3B in the latest year, shareholders' equity was $5.2B, current assets covered current liabilities 2.08 times.

Balance Sheet — 6 Years (USD millions)

Metric201820192020202120222023
Total Assets$386.0M$927.0M$1.4B$11.5B$43.5B$57.6B
Current Assets$8.0M$19.0M$39.0M$431.0M$2.6B$9.2B
Cash$8.0M$13.0M$35.0M$393.0M$2.1B$4.3B
Inventory$0$0$-43.0M$-8.8B$-8.8B$0
Receivables$0$6.0M$5.0M$10.0M$483.0M$1.1B
Fixed Assets$0$0$2.0M$2.0M$194.0M$292.0M
Capital Work in Progress$0$0$0$0$0$0
Investments$0$701.0M$1.2B$5.3B$29.8B$6.6B
Other Assets$0$0$0$0$102.0M$121.0M
Total Liabilities$2.0M$861.0M$1.4B$10.1B$39.5B$51.4B
Current Liabilities$2.0M$1.0M$1.0M$389.0M$947.0M$4.4B
Borrowings$0$0$1.0M$693.0M$3.8B$6.4B
Other Liabilities$2.0M$861.0M$1.4B$9.4B$35.7B$45.0B
Equity$60.0M$65.0M$78.0M$1.5B$1.4B$5.2B
Reserves$52.0M$65.0M$83.0M$1.4B$4.0B$6.0B

For Brookfield Reinsurance Ltd., operating cash flow was positive in 6 of 6 reported years; free cash flow in the latest year was $1.4B; free cash flow was positive in 6 of 6 years.

Cash Flow Statement — 6 Years (USD millions)

Metric201820192020202120222023
Operating Cash Flow$150.0M$309.0M$427.0M$1.6B$107.0M$1.5B
Investing Cash Flow$-398.0M$-268.0M$-413.0M$-3.9B$-4.4B$-2.0B
Financing Cash Flow$41.0M$-40.0M$0$1.8B$490.0M$2.6B
Net Cash Flow$-1.0M$5.0M$22.0M$358.0M$1.8B$2.2B
Free Cash Flow$150.0M$309.0M$426.0M$1.6B$83.0M$1.4B

Valuation & Return Ratios

MetricValue
PEG Ratio-0.34
EV / EBITDA-882.50
FCF Yield19.97%
Quick Ratio2.08
Interest Coverage0.74
Return 1Y—
Return 3Y—
Return 5Y—

Brookfield Reinsurance Ltd. (BNRE) financials — frequently asked questions

What is Brookfield Reinsurance Ltd.'s annual revenue?

Brookfield Reinsurance Ltd. (BNRE) reported annual revenue of $7.1B in its most recent fiscal year.

What is Brookfield Reinsurance Ltd.'s net profit?

Brookfield Reinsurance Ltd. (BNRE) reported net profit of $796.0M in its most recent fiscal year.

What is BNRE EV/EBITDA?

Brookfield Reinsurance Ltd.'s enterprise value to EBITDA (EV/EBITDA) ratio is -882.50. A negative value means EBITDA was negative over the period, so the ratio is not a meaningful valuation measure.

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