Stockholders' Equity |
6 Months Ended |
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Jun. 30, 2026 | |
| Equity [Abstract] | |
| Stockholders' Equity | 21. Stockholders' Equity Common Stock The Company has 10,000 shares of common stock with a par value of $0.01 per share authorized and outstanding, all of which are held by Brookfield Wealth Solutions Ltd. and its affiliates. See Note 1 - Organization and Description of the Company for additional information. Preferred Stock - Dividends Dividends on the Series D preferred stock are payable on a non-cumulative basis only when, as and if declared, quarterly in arrears on the 15th day of January, April, July and October of each year, commencing on April 15, 2025. The Series D preferred stock are not subject to any mandatory redemption, sinking fund, retirement fund, purchase fund or similar provisions. During the three months ended June 30, 2026 and 2025, we accrued for dividends totaling $6 million and $6 million for the Series D preferred stock. For the six months ended June 30, 2026 and 2025, we paid dividends totaling $6 million and $6 million for Series D preferred stock. For the six months ended June 30, 2025, we paid dividends totaling $8 million for Series A preferred stock. For the three and six months ended June 30, 2025, we paid dividends totaling $5 million and $10 million for Series B preferred stock. Distribution to Parent Effective June 17, 2026, the Company approved a distribution to Brookfield Wealth Solutions Ltd. primarily composed of $433 million in promissory notes receivable and other assets. The remainder of the distribution includes property and casualty related assets that will be ultimately transferred to Clearbrook. The impact to stockholders’ equity as a result of this transaction was a decrease of $491 million.
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