Brookfield Wealth Solutions Ltd. (BNT) Balance Sheet
BNT balance sheet, 2025
December 31, 2025 · U.S. dollars$149.63B assets = $131.75B liabilities + $17.88B equity
Both columns are drawn to the same scale: what BNT owns equals what it owes plus shareholders’ equity. Hover a block for its value.
BNT financial health
Descriptive bands, not a rating. Fiscal 2025.
BNT balance sheet trends, 2019–2025
| Metric | Trend | Then | Latest | Change |
|---|---|---|---|---|
| Total assets | $926.7M2019 | $149.63B2025 | +133.4%/yr | |
| Total liabilities | $861.3M2019 | $131.75B2025 | +131.3%/yr | |
| Shareholders’ equity | $65.5M2019 | $17.55B2025 | +153.9%/yr | |
| Cash & short-term investments | $13.4M2019 | $25.93B2025 | +253.2%/yr | |
| Total debt | $198,0002019 | $5.69B2025 | +453.4%/yr | |
| Net cash (debt) | $13.2M2019 | $20.24B2025 | +$20.2B | |
| Working capital | $17.4M2019 | $12.73B2024 | +$12.7B | |
| Book value per share | $2.352019 | $71.052024 | +97.7%/yr | |
| Debt / equity | 0.002019 | 0.322025 | +0.32 | |
| Shares outstanding | 27.8M2019 | 172.1M2024 | +44.0%/yr |
Change is the average annual growth (CAGR) or the difference between the first and latest year.
BNT assets
BNT liabilities and equity
BNT debt vs cash
Debt includes short- and long-term borrowings and, where reported, lease obligations.
BNT balance sheet
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|
| Assets | |||||||
| Cash & short-term investments | $25.93B | $29.00B | $26.20B | $5.04B | $393.0M | $35.0M | $13.4M |
| Cash & equivalents | $13.01B | $12.24B | $4.31B | $2.15B | $393.0M | $35.0M | $13.4M |
| Short-term investments | $12.92B | $16.76B | $21.89B | $2.89B | $146.0M | — | — |
| Receivables | $618.9M | $1.17B | $1.11B | $483.0M | $10.0M | $2.0M | $5.5M |
| Inventory | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other current assets | $0 | $0 | $0 | $0 | $0 | $2.9M | $2.3M |
| Total current assets | $13.46B | $13.41B | $5.42B | $2.83B | $403.0M | $39.9M | $21.2M |
| Property, plant & equipment (net) | $290.0M | $272.0M | $294.0M | $194.0M | $2.0M | $2.0M | $316,000 |
| Goodwill & intangible assets | $2.40B | $2.47B | $356.0M | $173.0M | $3.0M | $0 | $0 |
| Long-term investments | $72.66B | $62.06B | $39.84B | $30.30B | $4.53B | $1.19B | $0 |
| Other non-current assets | $60.82B | $61.74B | $15.73B | $9.97B | $6.55B | $205.1M | $905.2M |
| Total assets | $149.63B | $139.95B | $61.64B | $43.46B | $11.49B | $1.44B | $926.7M |
| Liabilities | |||||||
| Accounts payable | — | — | — | $151.0M | $132.0M | $4.0M | $1.3M |
| Short-term debt | $912.0M | $1.00B | $1.28B | $1.81B | $3.80B | — | — |
| Deferred revenue | $1.27B | — | — | $78.0M | $82.0M | — | — |
| Total current liabilities | — | $684.0M | $1.58B | $2.07B | $214.0M | $7.4M | $3.8M |
| Long-term debt | $4.78B | $4.54B | $3.74B | $3.80B | $693.0M | $0 | $0 |
| Lease obligations | — | — | — | — | — | $1.2M | — |
| Other long-term liabilities | $126.97B | $122.34B | $47.47B | $33.32B | $9.15B | $1.35B | $857.5M |
| Total liabilities | $131.75B | $126.88B | $52.79B | $39.19B | $10.06B | $1.36B | $861.3M |
| Shareholders' equity | |||||||
| Common stock & paid-in capital | $13.64B | $9.97B | $5.18B | $1.89B | $1.44B | $78.0M | $64.6M |
| Retained earnings (deficit) | $2.82B | $2.05B | $945.0M | $310.0M | −$48.0M | $1.6M | $38,000 |
| Accumulated other comprehensive income | $1.12B | $204.0M | −$120.0M | −$523.0M | −$16.0M | $3.5M | $806,000 |
| Minority interest | $331.0M | $850.0M | $146.0M | $8.0M | — | — | — |
| Total shareholders' equity | $17.55B | $12.23B | $8.70B | $4.26B | $1.44B | $83.0M | $65.5M |
| Key figures | |||||||
| Total debt | $5.69B | $4.54B | $3.74B | $3.80B | $693.0M | $1.2M | $198,000 |
| Net cash (debt) | $20.24B | $24.46B | $22.46B | $1.23B | −$300.0M | $33.8M | $13.2M |
| Working capital | — | $12.73B | $3.84B | $759.0M | $189.0M | $32.4M | $17.4M |
| Tangible book value | $15.15B | $9.75B | $8.35B | $4.08B | $1.43B | $83.0M | $65.5M |
| Book value per share | — | $71.05 | $59.83 | $137.68 | $41.66 | $2.98 | $2.35 |
| Shares outstanding | — | 172.1M | 145.5M | 30.9M | 34.4M | 27.8M | 27.8M |
| Current ratio | — | 19.61 | 3.44 | 1.37 | 1.88 | 5.36 | 5.60 |
| Quick ratio | — | 44.11 | 17.32 | 2.66 | 1.88 | 4.98 | 4.99 |
| Debt / equity | 0.32 | 0.37 | 0.43 | 0.89 | 0.48 | 0.02 | 0.00 |
| Equity / assets | 11.7% | 8.7% | 14.1% | 9.8% | 12.5% | 5.8% | 7.1% |
| Jun '26 | Mar '26 | Dec '25 | Sep '25 | Jun '25 | Mar '25 | Dec '24 | Sep '24 | Jun '24 | Mar '24 | Dec '23 | Sep '23 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||||||
| Cash & short-term investments | $13.21B | $22.90B | $25.93B | $26.36B | $30.80B | $31.02B | $29.00B | $20.96B | $30.40B | $10.60B | $26.20B | $7.25B |
| Cash & equivalents | $13.21B | $10.23B | $13.01B | $12.21B | $13.09B | $8.26B | $12.24B | $14.63B | $14.34B | $2.57B | $4.31B | $3.45B |
| Short-term investments | $13.99B | $12.68B | $12.92B | $14.15B | $17.71B | $22.76B | $16.76B | $6.33B | $16.06B | $8.02B | $21.89B | $3.80B |
| Receivables | $786.1M | $13.84B | $618.9M | $1.12B | $14.76B | $14.96B | $1.17B | $14.51B | $11.54B | $1.31B | $1.11B | $957.0M |
| Inventory | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other current assets | $0 | $0 | $0 | — | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Total current assets | $13.21B | $36.74B | $13.46B | — | $45.57B | $45.99B | $29.00B | $35.47B | $41.94B | $7.03B | $5.42B | $8.20B |
| Property, plant & equipment (net) | $317.0M | $282.0M | $290.0M | $270.0M | $268.0M | $269.0M | $272.0M | $290.0M | $294.0M | $282.0M | $294.0M | $164.0M |
| Goodwill & intangible assets | $14.92B | $14.23B | $2.40B | $2.44B | $13.59B | $13.34B | $2.47B | $2.50B | $2.53B | $341.0M | $356.0M | $2.42B |
| Long-term investments | $104.19B | $74.45B | $72.66B | $104.69B | $68.21B | $67.65B | $62.06B | $60.33B | $58.31B | $0 | $25.55B | $20.09B |
| Other non-current assets | $65.95B | $30.35B | $60.82B | $45.42B | $21.26B | $14.37B | $46.15B | $38.51B | $27.46B | $55.46B | $30.02B | $20.30B |
| Total assets | $198.58B | $156.06B | $149.63B | $152.82B | $148.89B | $141.61B | $139.95B | $137.11B | $130.53B | $63.11B | $61.64B | $51.18B |
| Liabilities | ||||||||||||
| Short-term debt | — | $747.0M | $912.0M | $493.0M | $836.0M | $662.0M | $1.00B | — | — | $1.35B | $1.28B | — |
| Deferred revenue | $1.42B | $1.40B | $1.27B | — | $1.60B | $1.67B | — | — | — | — | — | — |
| Total current liabilities | — | $105.16B | — | $100.54B | $94.08B | $91.69B | $684.0M | $1.52B | $1.55B | $1.56B | $1.58B | $1.61B |
| Long-term debt | $6.96B | $4.94B | $4.78B | $4.57B | $4.51B | $4.34B | $4.54B | $5.36B | $5.12B | $3.73B | $3.74B | $2.91B |
| Other long-term liabilities | $173.79B | $29.07B | $126.97B | $30.80B | $34.47B | $32.58B | $122.34B | $117.28B | $112.10B | $48.64B | $47.47B | $39.85B |
| Total liabilities | $180.75B | $139.17B | $131.75B | $135.91B | $133.05B | $128.60B | $126.88B | $124.16B | $118.77B | $53.93B | $52.79B | $44.37B |
| Shareholders' equity | ||||||||||||
| Common stock & paid-in capital | $15.06B | $13.64B | $13.62B | $12.32B | $12.17B | $9.96B | $9.97B | $6.29B | $6.30B | $5.18B | $5.18B | $4.05B |
| Retained earnings (deficit) | $2.35B | $2.21B | $2.81B | $2.81B | $2.23B | $1.73B | $2.05B | $1.51B | $1.49B | $1.25B | $945.0M | $525.0M |
| Accumulated other comprehensive income | $102.0M | $707.0M | $1.12B | $1.15B | $673.0M | $548.0M | $204.0M | $1.52B | $382.0M | −$116.0M | −$120.0M | −$445.0M |
| Minority interest | $337.0M | $335.0M | $331.0M | $628.0M | $766.0M | — | — | — | — | — | — | — |
| Total shareholders' equity | $17.49B | $16.56B | $17.55B | $16.29B | $15.07B | $12.24B | $12.23B | $12.10B | $10.92B | $9.04B | $8.70B | $6.80B |
| Key figures | ||||||||||||
| Total debt | $9.62B | $5.69B | $5.69B | $4.77B | $4.71B | $4.53B | $4.54B | $5.36B | $5.12B | $3.73B | $3.74B | $2.91B |
| Net cash (debt) | $3.59B | $17.21B | $20.24B | $21.59B | $26.09B | $26.49B | $24.46B | $15.61B | $25.28B | $6.87B | $22.46B | $4.34B |
| Working capital | — | −$68.41B | — | — | −$48.51B | −$45.70B | $28.32B | $33.95B | $40.40B | $5.47B | $3.84B | $6.59B |
| Tangible book value | $2.58B | $2.33B | $15.15B | $13.85B | $1.48B | −$1.10B | $9.75B | $9.60B | $8.39B | $8.70B | $8.35B | $4.38B |
| Book value per share | — | $60.71 | — | — | $62.15 | $50.45 | $81.31 | $94.09 | $63.46 | $62.14 | $59.83 | $94.83 |
| Shares outstanding | — | 272.7M | — | — | 242.5M | 242.6M | 150.4M | 128.6M | 172.1M | 145.5M | 145.5M | 71.7M |
| Current ratio | — | 0.35 | — | — | 0.48 | 0.50 | 42.40 | 23.26 | 27.13 | 4.51 | 3.44 | 5.09 |
| Quick ratio | — | 0.35 | — | 0.27 | 0.48 | 0.50 | 44.11 | 23.26 | 27.13 | 7.64 | 17.32 | 5.09 |
| Debt / equity | 0.55 | 0.34 | 0.32 | 0.29 | 0.31 | 0.37 | 0.37 | 0.44 | 0.47 | 0.41 | 0.43 | 0.43 |
| Equity / assets | 8.8% | 10.6% | 11.7% | 10.7% | 10.1% | 8.6% | 8.7% | 8.8% | 8.4% | 14.3% | 14.1% | 13.3% |
Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported (latest annual report filed December 31, 2025); data from EODHD.
BNT financial position
At the end of fiscal 2025 (December 31, 2025), Brookfield Wealth Solutions had total assets of $149.6 billion (up 6.9% from a year earlier), total liabilities of $131.7 billion and shareholders' equity of $17.6 billion. It held $25.9 billion in cash and short-term investments against $5.7 billion of debt, a net cash position of $20.2 billion. In the latest quarter (ended June 30, 2026) total assets were $198.6 billion and equity $17.5 billion.
Related: BNT income statement, BNT cash flow statement, BNT key metrics. See the BNT stock overview for the latest quote and news.
BNT balance sheet FAQ
What are Brookfield Wealth Solutions's total assets?
Brookfield Wealth Solutions reported total assets of $149.6 billion at the end of fiscal 2025 (December 31, 2025), compared with $140.0 billion a year earlier.
How much debt does Brookfield Wealth Solutions have?
Brookfield Wealth Solutions had $5.7 billion of total debt at the end of fiscal 2025, including short-term borrowings. Its debt-to-equity ratio was 0.32.
How much cash does Brookfield Wealth Solutions have?
Brookfield Wealth Solutions held $25.9 billion in cash and short-term investments at the end of fiscal 2025; with $5.7 billion of debt that is net cash of $20.2 billion.
What is Brookfield Wealth Solutions's book value?
Brookfield Wealth Solutions's shareholders' equity (book value) was $17.6 billion at the end of fiscal 2025.
How much goodwill does Brookfield Wealth Solutions have?
Brookfield Wealth Solutions carried $2.4 billion of goodwill and intangible assets, 1.6% of total assets, at the end of fiscal 2025.