BROOKFIELD Corp /ON/ Business Summary

Brookfield Corporation (NYSE: BN) operates as a global investment holding company that generates revenue through a diversified mix of asset management fees, insurance premiums, and direct cash flows from its vast portfolio of real assets. The company’s business is structured into three primary segments: Asset Management, which earns management and performance fees (carried interest) on over $1 trillion in total assets under management; Wealth Solutions, which provides insurance and annuity products following the 2026 reintegration of its wealth platform; and Operating Businesses, encompassing large-scale platforms in Infrastructure, Renewable Power, Real Estate, and Private Equity. Brookfield competes directly with alternative investment titans such as Blackstone, KKR, Apollo Global Management, and The Carlyle Group, distinguishing itself through its massive balance sheet capital and a strategic pivot toward an insurance-centric model that leverages "float" to fund long-term compounding. The leadership team is anchored by CEO Bruce Flatt, who joined the firm in 1990 and has served as Chief Executive since 2002, succeeding key architect Jack Cockwell, who is credited with building the modern firm's foundation. Key executive roles include Nicholas Goodman, who serves as President and Chief Financial Officer, and Justin Beber as Chief Operating Officer. In February 2026, the company finalized a major succession milestone by promoting Connor Teskey to CEO of its primary subsidiary, Brookfield Asset Management, allowing Flatt to focus on the parent corporation's strategic expansion into the insurance and pension risk markets. The firm’s board is chaired by the Honorable Frank McKenna and includes notable figures such as GIC advisor Ang Eng Seng and Olayan Group Chair Hutham S. Olayan, reflecting a deep pedigree of institutional backing and global investment expertise.