Similar companies
Income Statement (USD)
| Q2 '24 | QoQ | |
|---|---|---|
| Revenue | 2.92B | 13.2% |
| Operating expense | 2.94B | 563.1% |
| Net Income | 264M | 21.2% |
Balance Sheet (USD)
| Q2 '24 | QoQ | |
|---|---|---|
| Total Assets | 131B | 119% |
| Total Liabilities | 119B | 123.5% |
| Total Equity | 10.9B | 73% |
| Shares Outstanding | 145M | 0% |
Cash Flow (USD)
| Q2 '24 | QoQ |
|---|
EPS
Financial Highlights for Brookfield Reinsurance in Q2 '24
Brookfield Reinsurance reported a revenue of 2.92B, which is a 13.2% change from the previous quarter. An increase in revenue typically indicates growing demand for the company's products or services. This positive change in revenue is a good sign, suggesting that the company's sales are moving in the right direction.
Operating Expenses for this period were 2.94B, showing a 563.1% change from the last quarter. Operating expenses cover the costs of running daily business operations. A significant increase might indicate inefficiencies or investments in growth, while a decrease could suggest cost-saving measures or potential underinvestment in key areas.
Net Income for the quarter was 264M, showing a -21.2% change from the prior quarter. Net income provides a clear picture of the company's profitability after all expenses. An increase suggests the company is becoming more profitable, while a decrease may raise concerns about the company's financial health, unless there are specific one-time costs or investments.
Brookfield Reinsurance faced some challenges this quarter with a decline in one or more of the key metrics: revenue, gross profit, or net income. Higher operating expenses might indicate increased investments or potential inefficiencies.