Brookfield Reinsurance (Brookfield Reinsurance) Interest Expense : $-1,359 Mil (TTM As of Mar. 2024)

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What is Brookfield Reinsurance Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Brookfield Reinsurance's interest expense for the three months ended in Mar. 2024 was $ -314 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was $-1,359 Mil.

Interest Coverage is a ratio that determines how easily a company can pay interest expenses on outstanding debt. It is calculated by dividing a company's Operating Income(EBIT) by its Interest Expense. Brookfield Reinsurance's Operating Income for the three months ended in Mar. 2024 was $ 676 Mil. Brookfield Reinsurance's Interest Expense for the three months ended in Mar. 2024 was $ -314 Mil. Brookfield Reinsurance's Interest Coverage for the quarter that ended in Mar. 2024 was 2.15. The higher the ratio, the stronger the company's financial strength is. Note: If both Interest Expense and Interest Income are empty, while Net Interest Income is negative, then use Net Interest Income as Interest Expense.

Brookfield Reinsurance Interest Expense Historical Data

The historical data trend for Brookfield Reinsurance's Interest Expense 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 Interest Expense Chart

Brookfield Reinsurance Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Expense

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-20.00

-30.00

-61.00

-461.00

-1,346.00

Brookfield Reinsurance Quarterly Data
	Dec18	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Interest Expense	Get a 7-Day Free Trial														-301.00	-376.00	-351.00	-318.00	-314.00

Brookfield Reinsurance Interest Expense Calculation

Interest Expense is the amount reported by a company or individual as an expense for borrowed money.

Interest Expense 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 $-1,359 Mil.

Brookfield Reinsurance (NYSE:BNRE) Interest Expense Explanation

Note: If both Interest Expense and Interest Income are empty, while Net Interest Income is negative, then use Net Interest Income as Interest Expense.

Brookfield Reinsurance's Interest Expense for the three months ended in Mar. 2024 was $-314 Mil. Its EBIT for the three months ended in Mar. 2024 was $676 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2024 was $3,730 Mil.

Brookfield Reinsurance's Interest Coverage for the quarter that ended in Mar. 2024 is calculated as

Interest Coverage	=	-1	*	EBIT (Q: Mar. 2024 )	/	Interest Expense (Q: Mar. 2024 )
	=	-1	*	676	/	-314
	=	2.15

The higher the ratio, the stronger the company's financial strength is.

Brookfield Reinsurance (Brookfield Reinsurance) Business Description

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Address

94 Pitts Bay Road, Ideation House, First Floor, Pembroke, BMU, HM08

Website

https://www.bamr.brookfield.com

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.