Brookfield (BN) Q1 2026 Earnings Call Transcript

Motley Fool Transcribing, The Motley Fool Thu, May 14, 2026 at 10:41 PM GMT+7 44 min read BN BAM Image source: The Motley Fool. Chief Executive Officer — James Bruce Flatt President and Chief Financial Officer — Nicholas H. Goodman Chief Executive Officer, Brookfield Asset Management — Sachin Shah Head of Investor Relations — Katie Battaglia Need a quote from a Motley Fool analyst? Email pr@fool.com Bruce will start it off by giving a business update followed by Nick, who will discuss our financial and operating results for the quarter, And finally, Sachin will provide an update on our Wealth Solutions business. After our formal comments, we will turn the call over to the operator and take analyst questions. In order to accommodate all those who want to ask questions, we request that you refrain from asking more than 2 questions. I would like to remind you that in today s comments, including in responding to questions and in discussing new initiatives, in our financial and operating performance, we may make forward looking statements. Including forward looking statements within the meaning of applicable Canadian and U.S. security laws. These statements reflect predictions of future events and trends and do not relate to historical events. They are subject to known and unknown risks and future events and results may differ materially from such statements. For further information on these risks, and their potential impacts, on our company, please see our filings with the securities regulators in Canada and the U.S. and the information available on our website. In addition, when we speak about our wealth solutions business, or Brookfield Wealth Solutions, we are referring to Brookfield s investments in this business that supported the acquisition of its underlying operating subsidiaries. With that, I will turn the call over to Bruce. James Bruce Flatt: Thank you, Katie, and welcome everyone on the call. We had a strong start to the year. Distributable earnings were $1.6 billion for the quarter, and $6 billion over the last 12 months. More importantly, it also looks like the business will get stronger over the year. Our business has performed well, and we continue to execute against initiatives which will drive our next phase of growth. Our asset management business delivered strong earnings growth supported by continued fundraising momentum across our institutional client base. Our operating businesses generated stable cash flows backed by resilient underlying fundamentals. Our Wealth Solutions business performed well as it continues to scale globally. In April, we closed the acquisition of Just Group, a leading pension risk transfer platform in the U.K. This increased total insurance assets by $40 billion and we are now heading to $200 billion and strengthens our position in 1 of the world s most attractive retirement markets. Nick will cover our financial results in more detail, and Sachin will spend more time on JustGroup and the continued growth of our wealth solutions business. Before that, I would note that the current environment has had no shortage of macro developments for investors attention. From geopolitics to trade issues, inflation, and interest rates, And while these factors are important to monitor, they often receive FAR, more attention than their long term impact warrants. Bottom line, we largely try to ignore them when building our business. This is particularly true in periods when capital flows, sentiment, and prevailing market narratives influence price. Which can increase the impression that the business fundamentals have changed when in most cases, they have not. Value, on the other hand, you all know, is determined by the cash flows of a business that it generates and management s ability to reinvest that capital at attractive returns. Our role as investors is to capitalize on attractive entry points to acquire good businesses for value, operate them well, and allow compounding to work over time. Equally important is ensuring that compounding is not destruct disrupted by being forced to act in detrimental ways. During periods of market stress. This discipline shapes how we allocate capital and build our businesses, We take the time to watch an industry learn how it works, invest in a measured way, refine a business model, and only then scale a platform. This allows us to make small mistakes while avoiding large ones. In our experience, successful businesses are not built quickly They are built deliberately with the resilience to allow 1 to compound cash flows and create value through economic cycles. And by adhering to these principles, our shareholders have earned excellent compound returns over long periods of time. Over that same period, we have navigated many market environments, each felt dramatic at the time, but the most important point is that each period of market disruption in hindsight had very little impact on long term outcomes. Today, we believe many of the m

Brookfield (BN) Q1 2026 Earnings Call Transcript

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Brookfield (BN) Q1 2026 Earnings Call Transcript

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