Brookfield Wealth Solutions Ltd-A 2026年年度报告和过渡报告

Securities registered or to be registered pursuant to Section12(g) of the Act: None Securities for which there is a reporting obligation pursuant to Section15(d) of the Act: None Indicate the number of outstanding shares of each of the issuer’s classes of capital or common stock as of the close of the periodcovered by the annual report: 65,307,416 Class A Exchangeable Limited Voting Shares, 36,000 Class B Limited Voting Shares, 272,687,160 ClassC Non-VotingShares, as of December 31, 2025 Indicate by check mark if the registrant is a well-known seasoned issuer, as defined in Rule 405 of the Securities Act.Yes☐No If this report is an annual or transition report, indicate by check mark if the registrant is not required to file reports pursuant toSection13 or 15(d) of the Securities Exchange Act of 1934.Yes☐No Indicate by check mark whether the registrant (1)has filed all reports required to be filed by Section13 or 15(d) of the SecuritiesExchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports),and (2)has been subject to such filing requirements for the past 90 days.YesNo☐ Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submittedpursuant to Rule 405 of Regulation S-T (§232.405 of this chapter) during the preceding 12 months (or for such shorter period that theregistrant was required to submit such files).YesNo☐ Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, or an emerginggrowth company. See definitions of “accelerated filer”, “large accelerated filer”, and “emerging growth company” in Rule 12b-2 of theExchange Act (Check one): Large accelerated filer Accelerated filer☐ If an emerging growth company that prepares its financial statements in accordance with U.S. GAAP, indicate by check mark if theregistrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards†provided pursuant to Section 13(a) of the Exchange Act. †The term “new or revised financial accounting standard” refers to any update issued by the Financial Accounting Standards Board to itsAccounting Standards Codification after April 5, 2012. Indicate by check mark whether the registrant has filed a report on and attestation to its management’s assessment of the effectivenessof its internal control over financial reporting under Section 404(b) of the Sarbanes-Oxley Act (15 U.S.C. 7262(b)) by the registeredpublic accounting firm that prepared or issued its audit report. If securities are registered pursuant to Section 12(b) of the Act, indicate by check mark whether the financial statements of theregistrant included in the filing reflect the correction of an error to previously issued financial statements.☐ Indicate by check mark whether any of those error corrections are restatements that required a recovery analysis of incentive-basedcompensation received by any of the registrant’s executive officers during the relevant recovery period pursuant to §240.10D-1(b).☐ Indicate by check mark which basis of accounting the registrant has used to prepare the financial statements included in this filing: International Financial Reporting Standards as issued by theInternational Accounting Standards Board If “Other” has been checked in response to the previous question indicate by check mark which financial statement item the registranthas elected to follow.Item 17☐Item 18☐ If this is an annual report, indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the ExchangeAct).Yes☐No TABLE OF CONTENTS PageINTRODUCTION AND USE OF CERTAIN TERMS1FORWARD-LOOKING STATEMENTS8CAUTIONARY STATEMENT REGARDING THE USE OF NON-GAAP MEASURES910ITEM 1IDENTITY OF DIRECTORS, SENIOR MANAGEMENT AND ADVISERS10ITEM 2OFFER STATISTICS AND EXPECTED TIMETABLE10ITEM 3KEY INFORMATION10ITEM 3.A[RESERVED]10ITEM 3.BCAPITALIZATION AND INDEBTEDNESS10ITEM 3.CREASONS FOR THE OFFER AND USE OF PROCEEDS10ITEM 3.DRISK FACTORS10ITEM 4INFORMATION ON THE COMPANY48ITEM 4.AHISTORY AND DEVELOPMENT OF THE COMPANY48ITEM 4.BBUSINESS OVERVIEW50ITEM 4.CORGANIZATIONAL STRUCTURE69ITEM 4.DPROPERTY, PLANT AND EQUIPMENT72ITEM 5OPERATING AND FINANCIAL REVIEW AND PROSPECTS73ITEM 5.AOPERATING RESULTS73ITEM 5.BLIQUIDITY AND CAPITAL RESOURCES90ITEM 5.CRESEARCH AND DEVELOPMENT, PATENTS AND LICENSES, ETC.90ITEM 5.DTREND INFORMATION90ITEM 5.ECRITICAL ACCOUNTING ESTIMATES90ITEM 6DIRECTORS, SENIOR MANAGEMENT AND EMPLOYEES90ITEM 6.ADIRECTORS AND SENIOR MANAGEMENT91ITEM 6.BCOMPENSATION94ITEM 6.CBOARD PRACTICES103ITEM 6.DEMPLOYEES108ITEM 6.ESHARE OWNERSHIP108ITEM 6.FDISCLOSURE OF A REGISTRANT’S ACTION TO RECOVER ERRONEOUSLY AWARDEDCOMPENSATION108ITEM 7MAJOR SHAREHOLDERS AND RELATED PARTY TRANSACTIONS109ITEM 7.AMAJOR SHAREHOLDERS109ITEM 7.BRELATED PARTY TRANSACTIONS109ITEM 7.CINTE