BROOKFIELD ASSET MANAGEMENT REINSURANCE PARTNERS LTD.

(BAMR)
  Report
Delayed Nyse  -  05/27 03:26:55 pm EDT
50.66 USD   +4.26%
05/26BROOKFIELD ASSET MANAGEMENT REINSURANCE PARTNERS : Certificate of Designation of Class A Junior Preferred Shares, Series 1 of Brookfield Asset Management Reinsurance Partners Ltd - Form 6-K
PU
05/25BROOKFIELD ASSET MANAGEMENT REINSURANCE PARTNERS : Reinsurance Completes $5.1 Billion Acquisition of American National - Form 6-K
PU
05/25Brookfield Completes Acquisition of American National Group for $5.1 Billion
MT
SummaryQuotesChartsNewsRatingsCalendarCompanyFinancialsConsensus 
SummaryMost relevantAll NewsAnalyst Reco.Other languagesPress ReleasesOfficial PublicationsSector news

Brookfield Asset Management Reinsurance Partners : Reinsurance Increases Stake in American Equity Investment Life Holding Company - Form 6-K

01/07/2022 | 05:18pm EDT

Brookfield Reinsurance Increases Stake in American Equity Investment Life Holding Company

BROOKFIELD, NEWS, January 7, 2022 - Brookfield Asset Management Reinsurance Partners Ltd. (NYSE, TSX: BAMR) (together with its affiliates, "Brookfield Reinsurance") today announced that it has purchased an additional 6,775,000 shares of common stock of American Equity Investment Life Holding Company (NYSE: AEL) ("AEL"), bringing its total combined equity interest in AEL to approximately 16%. The share purchase took place pursuant to the terms of Brookfield Reinsurance's previously announced investment agreement with AEL following receipt of required regulatory approvals on December 29, 2021. Brookfield Reinsurance acquired the additional shares at a price of $37.33 per share, being AEL's adjusted book value as of September 30, 2021, for total consideration of approximately $253 million.

About Brookfield Reinsurance

Brookfield Asset Management Reinsurance Partners Ltd. (NYSE: BAMR; TSX: BAMR) operates a leading reinsurance business focused on providing capital-based and annuity solutions for insurance and reinsurance companies, and pension risk transfer products for pension plan sponsors. Each class A exchangeable share of Brookfield Reinsurance is exchangeable on a one-for-one basis with a class A limited voting share of Brookfield Asset Management Inc. (NYSE: BAM; TSX: BAM.A).

For more information, please visit our website at bamr.brookfield.com or contact:

Communications & Media:

Kerrie McHugh

Tel: (212) 618-3469

Email: kerrie.mchugh@brookfield.com

Investor Relations:

Rachel Powell
Tel: (416) 956-5141
Email: rachel.powell@brookfield.com

Brookfield Asset Management Reinsurance Partners Ltd. 1

Notice to Readers

Brookfield Reinsurance is not making any offer or invitation of any kind by communication of this news release and under no circumstance is it to be construed as a prospectus or an advertisement.

Certain of the information contained herein is based on or derived from information provided by independent third-party sources. While Brookfield Reinsurance believes that such information is accurate as of the date it was produced and that the sources from which such information has been obtained are reliable, Brookfield Reinsurance makes no representation or warranty, express or implied, with respect to the accuracy, reasonableness or completeness of any of the information or the assumptions on which such information is based, contained herein, including but not limited to, information obtained from third parties.

Brookfield Asset Management Reinsurance Partners Ltd. 2

Disclaimer

Brookfield Asset Management Reinsurance Partners Ltd. published this content on 07 January 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 07 January 2022 22:17:08 UTC.


© Publicnow 2022
All news about BROOKFIELD ASSET MANAGEMENT REINSURANCE PARTNERS LTD.
05/26BROOKFIELD ASSET MANAGEMENT REINSURA : Certificate of Designation of Class A Junior Prefer..
PU
05/25BROOKFIELD ASSET MANAGEMENT REINSURA : Reinsurance Completes $5.1 Billion Acquisition of A..
PU
05/25Brookfield Completes Acquisition of American National Group for $5.1 Billion
MT
05/25Brookfield Reinsurance Completes $5.1 Billion Acquisition of American National
GL
05/12Brookfield Reinsurance Records $128 Million of Net Income and Announces Regular Distrib..
GL
05/12Brookfield Reinsurance Records $128 Million of Net Income and Announces Regular Distrib..
AQ
05/12Brookfield Asset Management Reinsurance Partners Ltd. Reports Earnings Results for the ..
CI
05/12Brookfield Reinsurance Announces Quarterly Distribution for the Quarter Ended March 31,..
CI
03/23Brookfield Reinsurance Completes Annual Filings
AQ
03/23BROOKFIELD ASSET MANAGEMENT REINSURA : Reinsurance Completes Annual Filings - Form 6-K
PU
More news
Analyst Recommendations on BROOKFIELD ASSET MANAGEMENT REINSURANCE PARTNERS LTD.
More recommendations
Financials (USD)
Sales
Net income
Net Debt
P/E ratio
Yield
Capitalization 1 674 M 1 674 M -
EV / Sales -1
EV / Sales 0
Nbr of Employees 65
Free-Float 31,3%
Chart BROOKFIELD ASSET MANAGEMENT REINSURANCE PARTNERS LTD.
Duration : Period :
Brookfield Asset Management Reinsurance Partners Ltd. Technical Analysis Chart | MarketScreener
Full-screen chart
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus BUY
Number of Analysts 1
Last Close Price 48,59 $
Average target price 93,00 $
Spread / Average Target 91,4%
Managers and Directors
Sachin G. Shah Chairman & Chief Executive Officer
Thomas Douglas Corbett Chief Financial Officer
Paul Forestell Chief Operating Officer
Bahir Manios Chief Investment Officer
Gregory E. A. Morrison Independent Director