Brookfield Corp. to combine with insurance business, reports Q1 profit up
Advertisement
Read this article for free:
or
Already have an account? Log in here »
To continue reading, please subscribe:
Digital Subscription
One year of digital access for only $1.44 a week*
- Enjoy unlimited reading on winnipegfreepress.com
- Read the E-Edition, our digital replica newspaper
- Access News Break, our award-winning app
- Play interactive puzzles
*Billed as $5.77 plus GST every four weeks. After 52 weeks, price increases to the regular rate of $19.95 plus GST every four weeks. Offer available to new and qualified returning subscribers only. Cancel any time.
To continue reading, please subscribe:
Add Free Press access to your Brandon Sun subscription for only an additional
$1 for the first 4 weeks*
- Enjoy unlimited reading on winnipegfreepress.com
- Read the E-Edition, our digital replica newspaper
- Access News Break, our award-winning app
- Play interactive puzzles
*Your next Brandon Sun subscription payment will increase by $1.00 and you will be charged $17.95 plus GST for four weeks. After four weeks, your payment will increase to $24.95 plus GST every four weeks.
Read unlimited articles for free today:
or
Already have an account? Log in here »
TORONTO – Brookfield Corp. announced plans to combine its operations with its insurance business as it reported its first-quarter profit rose compared with year ago.
The company says it’s looking to merge its business with Brookfield Wealth Solutions to streamline its corporate structure.
Brookfield president Nick Goodman says the move will improve capital efficiency and flexibility.
Brookfield, which keeps its books in U.S. dollars, says it earned net income attributable to shareholders totalling US$102 million or three cents US per diluted share for the quarter ended March 31, up from US$73 million or a penny US per diluted share in the same quarter last year.
Revenue totalled US$18.58 billion, up from US$17.94 billion in the first quarter of 2025.
Distributable earnings per share amounted to 66 cents US for the quarter, up from 65 cents US per share in the same quarter last year.
This report by The Canadian Press was first published May 14, 2026.
Companies in this story: (TSX:BN, TSX:BNT)