The company's rapid expansion has significantly increased total liabilities to $139.2 billion as of 2026Q1, placing sustained pressure on the equity base relative to the total asset footprint.
| Total Assets | 156.06B | 149.63B | 139.95B | 61.64B | 43.46B | 11.49B | 1.44B | 926.71M |
| Asset Growth % | 42.64% | 6.92% | 127.04% | 41.84% | 278.13% | 698.13% | 55.39% | - |
| Total Investment Assets | 4M | 110.04B | 92.97B | 39.84B | 30.3B | 5.43B | 1.2B | 703.88M |
| Long-Term Investments | 371.75B | 97.13B | 62.06B | 25.55B | 19.97B | 4.53B | 1.19B | 701.05M |
| Short-Term Investments | 12.68B | 12.92B | 16.76B | 21.89B | 2.89B | 0 | 0 | 0 |
| Total Current Assets | 36.74B | 13.46B | 0 | 0 | 0 | 0 | 0 | 0 |
| Cash & Equivalents | 10.23B | 13.01B | 12.24B | 4.31B | 2.15B | 393M | 35M | 13.36M |
| Receivables | 30.34B | 618.87M | 1.17B | 1.11B | 483M | 10M | 2M | 5.53M |
| Other Current Assets | 0 | -13.09B | -30.17B | -27.31B | -5.72B | -403M | -39.87M | -21.22M |
| Goodwill & Intangibles | 32.66B | 2.4B | 2.47B | 356M | 173M | 3M | 0 | 0 |
| Goodwill | 783M | 781.58M | 783M | 121M | 121M | 0 | 0 | 0 |
| Intangible Assets | 13.45B | 1.62B | 1.69B | 235M | 52M | 3M | 0 | 0 |
| PP&E (Net) | 282M | 0 | 272M | 294M | 194M | 2M | 2M | 316K |
| Other Assets | 4.68B | 36.64B | -64.8B | -26.2B | -20.34B | -4.54B | -1.2B | -701.36M |
| Total Liabilities | 139.17B | 131.75B | 126.88B | 52.79B | 39.19B | 10.06B | 1.36B | 861.25M |
| Total Debt | 5.69B | 5.69B | 4.54B | 3.74B | 3.8B | 693M | 1.25M | 198K |
| Net Debt | -4.54B | -7.32B | -7.7B | -565M | 1.66B | 300M | -33.75M | -13.16M |
| Long-Term Debt | 4.94B | 4.78B | 3.54B | 2.47B | 1.99B | 693M | 0 | 0 |
| Short-Term Debt | 747M | 912M | 1B | 1.28B | 1.81B | 0 | 0 | 0 |
| Total Current Liabilities | 105.16B | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Accounts Payable | 0 | 0 | 0 | 0 | 151M | 132M | 4M | 1.26M |
| Deferred Revenue | 1.4B | 1.27B | 0 | 0 | 78M | 82M | 0 | 0 |
| Other Current Liabilities | 103.01B | -2.18B | -1.69B | -1.84B | -2.31B | -681M | -9.43M | -4.03M |
| Deferred Taxes | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Liabilities | 29.07B | 127.41B | -3.54B | -2.47B | -1.99B | -693M | -1.25M | -198K |
| Total Equity | 16.89B | 17.88B | 13.08B | 8.85B | 4.26B | 1.44B | 83M | 65.46M |
| Equity Growth % | 131.81% | 36.77% | 47.77% | 107.48% | 197.21% | 1628.92% | 26.8% | - |
| Shareholders Equity | 16.56B | 17.55B | 12.23B | 8.7B | 4.26B | 1.44B | 83M | 65.46M |
| Minority Interest | 335M | 330.4M | 850M | 146M | 8M | 0 | 0 | 0 |
| Retained Earnings | 2.21B | 2.82B | 2.05B | 945M | 310M | 0 | 1.65M | 38K |
| Common Stock | 13.64B | 13.64B | 9.97B | 5.18B | 1.89B | 1.44B | 0 | 64.61M |
| Accumulated OCI | 707M | 1.12B | 204M | -120M | -523M | 0 | 3.54M | 806K |
| Return on Equity (ROE) | 2.91% | 5.03% | 11.07% | 12.14% | 17.51% | -14.76% | 1.35% | 9.17% |
| Return on Assets (ROA) | 0.32% | 0.54% | 1.2% | 1.51% | 1.82% | -1.73% | 0.08% | 0.65% |
| Equity / Assets | 10.82% | 11.95% | 9.34% | 14.36% | 9.81% | 12.49% | 5.76% | 7.06% |
| Debt / Equity | 0.34x | 0.32x | 0.35x | 0.42x | 0.89x | 0.48x | 0.02x | 0.00x |
| Book Value per Share | 61.94 | 58.65 | 75.99 | 60.83 | 137.94 | 41.66 | 2.98 | 2.35 |
| Tangible BV per Share | 9.76 | 50.77 | 61.62 | 58.38 | 132.34 | 41.57 | 2.98 | 2.35 |
Asset-Liability Duration Mismatch
As reported in recent financial statements, BNT's total assets grew from $61.6 billion in 2023Q4 to $156.1 billion by 2026Q1, reflecting an aggressive acquisition-led strategy that has significantly increased the scale of the company's balance sheet relative to its historical footprint.
The rapid expansion of the asset base appears to be driven by inorganic growth, specifically the integration of large-scale annuity portfolios. While this scale provides a larger float for investment, investors should monitor whether the growth in liabilities is outpacing the company's ability to generate consistent underwriting margins.
Based on the provided quarterly data, total liabilities have surged to $139.2 billion as of 2026Q1, representing a substantial increase from the $52.8 billion reported in 2023Q4, which suggests that the company is taking on significant long-term benefit obligations to fuel its asset-gathering model.
The growth in reserves indicates a shift toward longer-tail annuity and pension risk transfer liabilities. This trend warrants further investigation into the adequacy of these reserves, particularly if the underlying investment portfolio experiences volatility that could impact the company's ability to meet future policyholder obligations.
According to the latest balance sheet figures, equity has grown to $16.6 billion in 2026Q1, yet the ratio of equity to total assets has compressed significantly compared to earlier periods, suggesting that the company is operating with higher financial leverage to support its rapid expansion.
The compression of the equity-to-asset ratio may indicate that the company is relying more heavily on debt or policyholder-funded capital to finance its growth. This leverage profile appears to be a deliberate strategic choice, but it leaves the balance sheet more sensitive to adverse market movements or regulatory capital adjustments.
As noted in regulatory disclosures, the company's heavy reliance on Brookfield-managed alternative assets for its investment portfolio introduces a unique risk profile, as these illiquid assets may not provide the same immediate liquidity as traditional fixed-income securities during periods of market stress.
The lack of transparency regarding the specific liquidity profile of these alternative assets makes it difficult to assess the true claims-paying capacity of the balance sheet. Investors should monitor whether the duration of these assets remains appropriately matched to the long-dated nature of the company's annuity and pension liabilities.
Quick answers to the most common questions about buying BNT stock.
As of 2025, Brookfield Wealth Solutions Ltd. (BNT) had total assets of $149.63B including $13.46B in current assets.
Brookfield Wealth Solutions Ltd. (BNT) carries total debt of $5.69B, offset by $25.93B in cash and short-term investments. Comparing total debt to cash helps evaluate the company's debt burden and net leverage.
Brookfield Wealth Solutions Ltd. (BNT) has total shareholders' equity (book value) of $17.55B ($58.65 book value per share). Book value represents the net worth of the company belonging to common stock holders.