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Brookfield Reinsurance (Brookfield Reinsurance) EBIT : $2,639 Mil (TTM As of Mar. 2024)


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What is Brookfield Reinsurance EBIT?

Brookfield Reinsurance's earnings before interest and taxes (EBIT) for the three months ended in Mar. 2024 was $676 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Mar. 2024 was $2,639 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Brookfield Reinsurance's annualized ROC % for the quarter that ended in Mar. 2024 was 4.31%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Brookfield Reinsurance's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Mar. 2024 was 26.10%.


Brookfield Reinsurance EBIT Historical Data

The historical data trend for Brookfield Reinsurance's EBIT can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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Brookfield Reinsurance EBIT Chart

Brookfield Reinsurance Annual Data
Trend Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
EBIT
Get a 7-Day Free Trial 6.00 2.00 -52.00 993.00 2,160.00

Brookfield Reinsurance Quarterly Data
Dec18 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
EBIT Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 197.00 749.00 418.00 796.00 676.00

Competitive Comparison of Brookfield Reinsurance's EBIT

For the Insurance - Reinsurance subindustry, Brookfield Reinsurance's EV-to-EBIT, along with its competitors' market caps and EV-to-EBIT data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Brookfield Reinsurance's EV-to-EBIT Distribution in the Insurance Industry

For the Insurance industry and Financial Services sector, Brookfield Reinsurance's EV-to-EBIT distribution charts can be found below:

* The bar in red indicates where Brookfield Reinsurance's EV-to-EBIT falls into.



Brookfield Reinsurance EBIT Calculation

EBIT, sometimes also called Earnings Before Interest and Taxes, is a measure of a firm's profit that includes all expenses except interest and income tax expenses. It is the difference between operating revenues and operating expenses. When a firm does not have non-operating income, then Operating Income is sometimes used as a synonym for EBIT and operating profit.

EBIT for the trailing twelve months (TTM) ended in Mar. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was $2,639 Mil.

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.


Brookfield Reinsurance  (NYSE:BNRE) EBIT Explanation

1. EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition.

Brookfield Reinsurance's annualized ROC % for the quarter that ended in Mar. 2024 is calculated as:

ROC % (Q: Mar. 2024 )
=NOPAT/Average Invested Capital
=EBIT * ( 1 - Tax Rate % )/( (Invested Capital (Q: Dec. 2023 ) + Invested Capital (Q: Mar. 2024 ))/ count )
=2704 * ( 1 - 6.91% )/( (56887.35 + 59857.3)/ 2 )
=2517.1536/58372.325
=4.31 %

where

Invested Capital(Q: Dec. 2023 )
=Total Assets - Accounts Payable & Accrued Expense - Excess Cash
=Total Assets - Accounts Payable & Accrued Expense - ( Balance Sheet Cash And Cash Equivalents - 5% * Revenue )
=61643 - 564 - ( 4308 - 5% * 2327 )
=56887.35

Invested Capital(Q: Mar. 2024 )
=Total Assets - Accounts Payable & Accrued Expense - Excess Cash
=Total Assets - Accounts Payable & Accrued Expense - ( Balance Sheet Cash And Cash Equivalents - 5% * Revenue )
=63113 - 555 - ( 2830 - 5% * 2586 )
=59857.3

Note: The EBIT data used here is four times the quarterly (Mar. 2024) data.

2. Joel Greenblatt's definition of Return on Capital:

ROC (Joel Greenblatt) % does not apply to banks and insurance companies.

3. It is also linked to Joel Greenblatt's definition of Earnings Yield:

Brookfield Reinsurance's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Mar. 2024 )
=2639/10110.740
=26.10 %

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.


Brookfield Reinsurance EBIT Related Terms

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Brookfield Reinsurance (Brookfield Reinsurance) Business Description

Traded in Other Exchanges
Address
94 Pitts Bay Road, Ideation House, First Floor, Pembroke, BMU, HM08
Brookfield Reinsurance Ltd owns and operates a reinsurance business focused on providing capital-based solutions to insurance companies and their stakeholders. The company offers a broad range of insurance products and services, including life insurance and annuities, and personal and commercial property and casualty insurance.