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SUBSEQUENT EVENTS | 6 Months Ended
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Jun. 30, 2024
Subsequent Events [Abstract] |
SUBSEQUENT EVENTS | SUBSEQUENT EVENTS At its annual general and special shareholder meeting on July 22, 2024, the Company’s shareholders approved bye-law amendments designed to simplify and enhance its capital structure, including a re-designation of its Class A-1 exchangeable shares into its Class A exchangeable shares and related changes to the terms of the Class A exchangeable shares that will result in no shareholder having the power to vote more than 9.9% of the Class A exchangeable shares, regardless of economic ownership. The third amended and restated bye-laws became effective on August 9, 2024. The re-designation will occur on August 29, 2024. The Company’s shareholders also approved a resolution authorizing the change of its name from “Brookfield Reinsurance Ltd.” to “Brookfield Wealth Solutions Ltd.” (the “Name Change”). In connection with the Name Change, the Company will apply to the NYSE and the TSX to change the symbol of its Class A exchangeable shares to “BNT”. The Name Change is expected to be in effect on or about September 6, 2024.

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- Definition The entire disclosure for significant events or transactions that occurred after the balance sheet date through the date the financial statements were issued or the date the financial statements were available to be issued. Examples include: the sale of a capital stock issue, purchase of a business, settlement of litigation, catastrophic loss, significant foreign exchange rate changes, loans to insiders or affiliates, and transactions not in the ordinary course of business. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 855 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org/855/tableOfContent Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 855 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org/1943274/2147483399/855-10-50-2 + Details
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