Related Party Transactions |
6 Months Ended |
|---|---|
Jun. 30, 2026 | |
| Related Party Transactions [Abstract] | |
| Related Party Transactions | 23. Related Party Transactions The Company has entered into recurring transactions and agreements with certain related parties. The impact on the Condensed Consolidated Financial Statements of significant related party transactions is discussed below. Investment Management For the three and six months ended June 30, 2026, the Company paid investment management fees pursuant to investment management agreements with an affiliate of Brookfield Asset Management Ltd. (“BAM”) of $65 million and $127 million, respectively. For the three and six months ended June 30, 2025 the Company paid investment management fees pursuant to investment management agreements with an affiliate of Brookfield Asset Management Ltd. (“BAM”) of $52 million and $99 million, respectively. The Company had $62 million and $57 million of investment management fees payable to an affiliate of BAM as of June 30, 2026 and December 31, 2025, respectively, which are included in “Due to related parties” on the Condensed Consolidated Statements of Financial Position. Other Related Party Transactions As of June 30, 2026 and December 31, 2025, we held investments in related parties of $9.6 billion and $9.6 billion, respectively, not including equity method investments. See Note 8 - Variable Interest Entities and Equity Method Investments for details on our equity method investments. Our investments in related parties as of June 30, 2026 and December 31, 2025 include approximately $3.8 billion and $4.2 billion respectively, of private loans with subsidiaries of Brookfield Corporation. The Company’s investments in related parties are net of maturities, prepayments and sales that occurred during the year and reflect any other changes in carrying values during the year, such as fair value changes for investments carried at fair value. Our investment transactions with related parties for the six months ended June 30, 2026 include the refinancing of an existing $450 million loan provided to subsidiaries of Brookfield Infrastructure Partners L.P. For the six months ended June 30, 2025, we did not have significant investment transactions with related parties. Subsidiaries of the Company had demand deposit agreements with Brookfield Treasury Management Ltd. (“BTML”), a subsidiary of Brookfield Corporation and BWS US Holdings LLC (“BWS US”), an indirect wholly-owned subsidiary of Brookfield Wealth Solutions Ltd. As of June 30, 2026 and December 31, 2025, the balance under the BTML agreement was $272 million and $265 million, respectively. The balance outstanding under the agreement with BWS US at June 30, 2026 and December 31, 2025 was $357 million and $532 million, respectively. These amounts are included in “Cash and cash equivalents” in the Company's Condensed Consolidated Statements of Financial Position. For the three and six months ended June 30, 2026, the Company earned interest income from these agreements of $11 million and $20 million, respectively, and $8 million and $17 million for the three and six months ended June 30, 2025, respectively. On April 1, 2026, Brookfield Wealth Solutions Ltd. closed on the acquisition of Just Group plc (“Just”). One of the Company’s subsidiaries had a pre-existing coinsurance reinsurance agreement with Just, and following the acquisition, Just is now considered a related party of ANGI. There is no financial statement impact or change to the existing reinsurance agreement as a result of this transaction.
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