Here are 1-3 brief analogies for Brookfield Wealth Solutions (BNT):

• Like Merrill Lynch Wealth Management, but operating within the Brookfield financial group.
• A comprehensive financial advisor and wealth manager, similar to Morgan Stanley Wealth Management, but as Brookfield's dedicated wealth solutions provider.

• Private Equity Investments: Provides access to funds that invest in privately held companies across diverse sectors globally.
• Real Estate Investments: Offers funds focused on acquiring and managing various types of real estate assets, including office, retail, industrial, and multifamily properties.
• Infrastructure Investments: Enables investments in essential, long-term assets such as utilities, transportation, midstream energy, and data infrastructure.
• Credit and Debt Strategies: Manages funds that invest in corporate credit, distressed debt, direct lending, and other private lending solutions.
• Renewable Power and Transition Investments: Provides funds dedicated to clean energy generation, sustainable resources, and decarbonization efforts.
• Multi-Asset Private Market Solutions: Constructs diversified portfolios blending various private equity, debt, real estate, and infrastructure strategies to meet specific investor objectives.

I was unable to identify a public company named "Brookfield Wealth Solutions" with the stock symbol "BNT". My search indicates that this specific company name and symbol combination does not correspond to an existing public entity.

Therefore, I cannot identify its major customers as requested. If you intended to refer to a different company, please provide the corrected name or symbol, and I would be happy to assist.

Sachin Shah, Chief Executive Officer, Head of Insurance Solutions Business & Director

Sachin Shah joined Brookfield in 2002 and has held a variety of senior roles, including Chief Investment Officer of Brookfield Asset Management and Chief Executive Officer of Brookfield Renewable Partners, where he was instrumental in growing the platform into a global business diversified across multiple technologies. He is responsible for the overall leadership and management of Brookfield Wealth Solutions and sets its strategic direction. Mr. Shah is a member of Brookfield's Executive Committee. He holds a Bachelor of Commerce degree from the University of Toronto and is a Chartered Professional Accountant.

Thomas Corbett, Managing Partner & Chief Financial Officer

Thomas Corbett joined Brookfield in 2008. Since then, he has held several senior finance positions in Brookfield's Renewable Power Group, including Chief Financial Officer of Brazilian renewable power operations and Chief Financial Officer of the energy marketing group. Most recently, he was a Managing Director in Brookfield Asset Management, responsible for global accounting and financial reporting functions. Mr. Corbett holds a Bachelor of Commerce degree from Carleton University and is a Chartered Professional Accountant.

Lorenzo Fernando Manalac Lorilla, Managing Partner & Chief Investment Officer

Lorenzo Fernando Manalac Lorilla has spent his entire 20-year career in the credit markets, investing in both liquid and private credit. Before joining Brookfield four years ago (as of November 2024), he oversaw credit investments for one of the largest annuity writers in the market with over $100 billion in assets, a business he joined at its inception as a denovo platform.

Michael T. McRaith, Vice Chair of Insurance Solutions Business & Managing Partner

Michael T. McRaith's responsibilities include regulatory engagement, governance, risk management, and organizational structuring. He previously worked as a trial lawyer before moving to the public sector, where he served as the Illinois insurance director for over six years. During his time as director, he was involved in significant projects such as the Katrina, Rita, Wilma medical malpractice crisis in Illinois, workers' compensation overhaul in Illinois, Affordable Care Act implementation, and the great financial crisis.

Paul Forestell, Managing Partner & Chief Actuary

Paul Forestell is a Managing Partner and the Chief Actuary at Brookfield Wealth Solutions.

The rapid proliferation and technological advancement of platforms dedicated to democratizing access to private markets and alternative investments represent a clear emerging threat. Historically, Brookfield Wealth Solutions has leveraged its affiliation with Brookfield Asset Management to offer exclusive access to sophisticated alternative investment strategies, a key differentiator for high-net-worth and institutional clients. However, new digital platforms and fintech companies are increasingly enabling broader access to similar types of private equity, infrastructure, real estate, and credit investments with lower minimums and through more streamlined digital channels. This trend could erode the exclusivity of access that traditional wealth managers like Brookfield Wealth Solutions have provided, putting pressure on their value proposition and fee structures as alternative investment opportunities become more widely available and potentially commoditized outside of traditional advisory relationships.

Brookfield Wealth Solutions (BNT) is anticipated to drive future revenue growth over the next two to three years through several key strategies:

1. Expansion into the UK Retirement Market via Acquisition: Brookfield Wealth Solutions announced the acquisition of Just Group plc for £2.4 billion ($3.2 billion), expected to close in the first half of 2026. This strategic move aims to significantly enhance BNT's presence in the UK retirement market and serve as a platform for future growth in this sector.
2. Continued Growth in Annuity Sales: The company reported originating over $4 billion in annuity sales during the second quarter of 2025 across its retail, pension risk transfer (PRT), and funding agreement-backed note (FABN) channels. This indicates ongoing momentum in its core product offerings and customer acquisition within these established segments.
3. Geographic Expansion into Japan through Reinsurance Agreements: BNT is expanding its global operational reach by entering the Japanese market. The company recently finalized its first Japan-based reinsurance agreement with Dai-ichi Frontier Life, effective October 2025, which aims to establish new revenue streams in one of the world's largest insurance markets.
4. Integration and Performance of American Equity Life Acquisition: The acquisition of American Equity Investment Life (AEL) in May 2024 is contributing to earnings growth. AEL, a prominent provider of fixed payment and index-linked annuities in the U.S., has substantially boosted BNT's insurance assets under management to over $100 billion, with its continued integration expected to drive revenue.
5. Deployment into Higher-Yielding Investment Strategies: Brookfield Wealth Solutions deployed $3.5 billion into Brookfield-originated strategies across its investment portfolio, achieving an average yield of 8%. Higher net investment income across its portfolio, resulting from repositioning assets into these higher-yielding investment strategies, is a significant contributor to the company's overall earnings and future revenue growth.

Share Issuance

• The company executed a three-for-two stock split for its Class A and Class B shares, which was announced in August 2025 and completed on October 9, 2025, aimed at enhancing liquidity and accessibility of its stock.
• The number of shares outstanding for BNT increased by 65.20% in one year.
• Shareholders were significantly diluted, with an article in November 2024 noting that net income per share increased by a modest 14% despite heavy dilution during the period.

Inbound Investments

• Brookfield Wealth Solutions' group capital tripled from $5.7 billion in 2022 to an estimated $16.1 billion in 2024, partly through capital contributions from Brookfield Corporation.

Outbound Investments

• Brookfield Wealth Solutions announced a transformational acquisition of Just Group plc. to expand its presence in the U.K. retirement market, with the closing anticipated in the first half of 2026.
• The company completed a major acquisition of American Equity Investment Life (AEL) around or before November 2024, which significantly boosted its insurance assets under management to over $100 billion.
• BNT deployed $3.5 billion into new investment strategies at an average yield of 8% as of the second quarter of 2025.

Capital Expenditures

• Capital expenditures for the last 12 months were reported at -$39.00 million.
• Quarterly capital expenditures were $1.1 billion for June 2025.