Brookfield Corporation (BN) Announced Q2 2026 Earnings on August 13, 2026, Reporting "Distributable earnings before realizations increased 15% year-over-year to $1.4 billion in the quarter"

Brookfield Corporation reported that distributable earnings before realizations increased 15% year-over-year to $1.4 billion in the quarter and $5.7 billion for the last 12 months.Total distributable earnings, including realizations, were $1.5 billion or $0.66 per share for the quarter and $6.2 billion or $2.61 per share over the last 12 months.The asset management business generated distributable earnings of $740 million or $0.31 per share in the quarter, while the Wealth Solutions business generated distributable earnings of $480 million or $0.20 per share in the quarter, representing an increase of 23% compared to the prior year quarter.The operating businesses delivered distributable earnings of $361 million or $0.15 per share in the quarter.Fundraising in the quarter reached a record $77 billion, and fee-bearing capital ended the quarter at $672 billion.During the first half of the year, the company raised $98 billion of capital, deployed $100 billion into opportunities, monetized $40 billion of assets, and completed $130 billion of financings.Management highlighted several strategic transactions, including the acquisition of Just Group in the United Kingdom, which increased total insurance assets to over $190 billion.Shareholders approved a capital structure simplification transaction at the annual meeting on July 16, which is intended to bring the company's insurance and investment capabilities together.Furthermore, Brookfield completed the acquisition of Oaktree in July, which management stated makes their credit business "one of the most comprehensive globally."In terms of new business partnerships and initiatives, management discussed a partnership with the United States Department of Energy to build an AI factory campus in Kentucky, where Brookfield was selected to repurpose a federally-owned industrial site.The company also signed a memorandum of understanding with NVIDIA to launch a compute financing platform.For the Wealth Solutions business, management noted that newly launched bank distribution channels contributed approximately $200 million of sales during the quarter.Regarding forward-looking commentary, management stated they are on track for "another record fundraising year" and indicated they see a pathway to "more than $300 billion of insurance assets by the end of the decade." Additionally, the Board of Directors declared a quarterly dividend of $0.07 per share payable at the end of September to shareholders of record on September 14, 2026.