Brookfield Asset Management hit the big $1 trillion mark in assets under management during the second quarter as the firm continues to expand.
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The impact of life insurance assets is already having a big impact on the bottom line for Brookfield Corp., as the firm stockpiles cash for future investment.
When its acquisition of American Equity is completed, Brookfield Reinsurance expects to challenge the biggest annuity sellers in the country.
American Equity reported second-quarter FIA sales up 94% compared to the first quarter of 2023 and 141% compared to the second quarter of 2022.
American Equity sold $964 million worth of fixed indexed annuities in Q1, an increase of 23.2% compared to the fourth quarter 2022.
A leading seller of fixed indexed annuities, American Equity reported fourth-quarter sales of $900 million, of which 87%, or $783 million, were in fixed index annuities.
American Equity is one of the more anticipated earnings reports this month, with the fixed indexed annuity seller fighting off all comers. For now.
