Brookfield Wealth Solutions Ltd. cash flow statement

In fiscal 2025, Brookfield Wealth Solutions Ltd.'s operations generated $2.61bn of cash; it spent $69.0m on capital projects, leaving free cash flow of $2.54bn.

Cash flow statement

US$ millions unless shown otherwise. Fiscal years, plus the last twelve months (LTM) when newer.

Brookfield Wealth Solutions Ltd.: cash flow statement, annual
Fiscal year	2021Dec 2021	2022Dec 2022	2023Dec 2023	2024Dec 2024	2025Dec 2025
Cash from operations	1,688	644	1,507	4,569	2,614
Depreciation and amortisation	—	13	50	206	218
Capital spending	1	24	135	40	69
Free cash flow	1,687	620	1,372	4,529	2,545
Shares issued	1,410	450	0	0	—

Free cash flow is cash from operations minus capital spending. Free cash flow after stock pay also subtracts stock-based compensation, a real cost to shareholders that the cash flow statement adds back. Dividends, buybacks and shares issued are cash amounts for the period.

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Figures from Brookfield Wealth Solutions Ltd.'s SEC filings (10-K and 10-Q). How we read and check them: methodology and data sources. Not investment advice. Back to Brookfield Wealth Solutions Ltd.