1) Strong Financial Performance
- Distributable earnings (DE) for Q1 2026 were $1.6 billion, or $0.66 per share, a 7% increase YoY.
- Over the last 12 months, total DE reached $6 billion, or $2.54 per share.
- Asset Management business generated $765 million in DE for the quarter, with a total of $2.8 billion over the last year.
- Wealth Solutions business reported DE of $430 million for the quarter, up 11% YoY.
- Operating businesses delivered stable cash flows, with a 19% increase in funds from operations across infrastructure, private equity, and energy sectors.

2) Strategic Growth Initiatives
- Closed the acquisition of Just Group, adding $40 billion in insurance assets and enhancing Brookfield's position in the U.K. pension market.
- Focus on digitalization, decarbonization, and deglobalization as key growth drivers, with significant investments in AI infrastructure and renewable energy.
- Strong momentum in fundraising, with $67 billion raised year-to-date, including $21 billion in Q1.
- Plans to combine Brookfield Corporation and Wealth Solutions to optimize capital structure and enhance growth potential.

3) Resilient Operating Environment
- Despite macroeconomic headwinds, Brookfield remains focused on long-term fundamentals, emphasizing cash flow generation and disciplined capital allocation.
- Real estate fundamentals are strong, with high demand for quality assets and limited new supply driving rent increases.
- Notable leasing activity includes 2.6 million square feet signed globally at rents significantly above expiring levels.
- The company is well-positioned to capitalize on market distortions, with a focus on high-quality, cash-generative assets.

4) Capital Allocation and Shareholder Returns
- Returned $598 million to shareholders through dividends and share buybacks in Q1 2026.
- Year-to-date, over $1 billion has been repurchased at attractive prices, enhancing shareholder value.
- The company maintains a conservatively capitalized balance sheet with substantial liquidity, supporting ongoing growth initiatives.
- Expectation of continued strong financial performance and potential for increased monetizations in the second half of 2026.

5) Outlook and Guidance
- Anticipate a record fundraising year in 2026, supported by strong momentum across all business segments.
- The company expects to write approximately $25 billion in new policies across retail and institutional annuity channels.
- Continued focus on optimizing the asset portfolio and leveraging Brookfield's global capabilities to enhance returns.
- The call did not provide specific guidance on future earnings or detailed projections for the Wealth Solutions business post-acquisition of Just Group.

Bottom line: Brookfield Corporation is positioned for strong growth with robust financial performance, strategic acquisitions, and a disciplined approach to capital allocation, making it an attractive investment for shareholders looking for long-term value creation.