Brookfield Corp (NYSE:BN) stock rose 0.42% (As on August 8, 11:22:55 AM UTC-4, Source: Google Finance) after the company posted mixed results for the second quarter of FY25. Total consolidated net income was $1.1 billion for the quarter and $2.9 billion for the last twelve months (“LTM”). Distributable earnings before realizations were $1.3 billion ($0.80/share) for the quarter and $5.3 billion ($3.36/share) for the last twelve months. The asset management business generated a 16% increase in fee-related earnings compared to the prior year quarter, supported by continued fundraising momentum across the diversified fund offerings. Wealth solutions delivered strong financial results, benefiting from strong investment performance and disciplined capital deployment. The operating businesses continue to generate resilient and stable cash flows, supported by strong underlying operating fundamentals. During the quarter and LTM, earnings from realizations were $132 million and $554 million, with total DE for the quarter and the LTM of $1.4 billion ($0.88/share) and $5.9 billion ($3.71/share), respectively.

Moreover, in asset management the total inflows were $22 billion during the quarter, including over $5 billion from our retail and wealth solutions clients. With final closes anticipated for the fifth vintage flagship opportunistic real estate strategy and second vintage global transition strategy, the company expects strong fundraising momentum to continue into the second half of 2025. Fee-bearing capital grew to $563 billion and resulted in fee-related earnings of $676 million, an increase of 10% and 16%, respectively, over the prior year quarter. In Wealth Solutions segment, the company originated over $4 billion of retail and institutional annuity sales during the quarter, increasing insurance assets to $135 billion. The company ended the quarter with a strong liquidity and capital position, with total group capital of approximately $16 billion4.

Last week, meanwhile BN announced the acquisition of Just Group, a U.K. leader in pension risk transfer solutions, building on the foundation established with the successful licensing and launch of the U.K. business earlier this year, enabling them to scale faster in a high-growth market and expand the geographical footprint. With this acquisition, the insurance assets are expected to grow by approximately $40 billion, significantly accelerating the growth of the business.

BN in the second quarter of FY25 has reported the adjusted earnings per share of 88 cents, missing the analysts’ estimates for the adjusted earnings per share of 90 cents. The company had reported the adjusted revenue decline of 21.6 percent to $18.08 billion in the second quarter of FY25, beating the analysts’ estimates for revenue of $1.4 billion.