Q: Comments on BNRE earnings please
5i Research Answer:
BNRE has no estimates, as it is tied to BN, and analysts do not cover it separately. Please see BN for its quarterly results (BNRE can convert into BN). BNRE itself reported assets of $47.9B, up from $40.7B. Distributable income was $160M vs $46M. Per share income was 7c vs 14c on more. Annuity sales were $3B. Portfolio yield is now 5.5% and the company continues to make acquisitions. We are quite comfortable with the results.