Brookfield Corporation (BN) Announced Q1 2026 Earnings on May 14, 2026, Reporting "Distributable earnings were $1.6 billion for the quarter"

Brookfield Corporation reported "Distributable earnings were $1.6 billion for the quarter" and $6 billion over the last 12 months.

Distributable earnings before realizations for the quarter were $1.4 billion or $0.59 per share, representing a 7% increase over the prior year quarter.

The Asset Management business generated $765 million of distributable earnings or $0.32 per share for the quarter, while the Wealth Solutions business delivered distributable earnings of $430 million or $0.18 per share in the quarter.

The operating businesses delivered distributable earnings of $360 million or $0.15 per share for the quarter.

Management noted the company raised $67 billion of capital so far this year, including $21 billion during the quarter.

Executives discussed ongoing themes of digitalization, decarbonization, and deglobalization driving demand for new infrastructure.

Management noted that replacement costs have risen significantly across core real estate markets, making new supply very difficult to deliver, and indicated that the Super Core portfolio generated 2% same-store net operating income growth in the quarter. A corporate simplification initiative was highlighted, with management working toward combining the corporation and the Wealth Solutions business to create a fully integrated insurance and investment organization.

Management intends to seek shareholder approvals for this combination at Annual General Meetings scheduled on July 16.

Management highlighted the recent close of the acquisition of Just Group on April 1, a pension risk transfer platform in the United Kingdom, which increased total insurance assets by $40 billion and was acquired at an attractive going-in return of approximately 10% to 12% on $1 billion of invested capital.

Forward guidance indicated that management expects to write circa $25 billion of new policies across all retail and institutional annuity channels in 2026.

Management also confirmed the Board of Directors declared a quarterly dividend of $0.07 per share payable at the end of June to shareholders of record at the close of business on June 15, 2026.