Brookfield Reinsurance Completes Filing of Recast Financial Statements; Announces date of Shareholder Meeting
June 28 2023 - 8:21AM
Brookfield Reinsurance (NYSE, TSX: BNRE) today announced that it
has filed recast audited consolidated financial statements as of
December 31, 2022 and December 31, 2021 and for each of the three
years in the period ended December 31, 2022 and corresponding
management’s discussion and analysis (the “Recast Financial
Statements”). The Recast Financial Statements have been prepared in
connection with Brookfield Reinsurance’s previously announced
conversion of its accounting framework from International Financial
Reporting Standards, as issued by the International Accounting
Standards Board, to accounting principles generally accepted in the
United States of America.
The Recast Financial Statements supersede and
replace in all respects the previously filed annual consolidated
financial statements of Brookfield Reinsurance for such
periods.
The Recast Financial Statements are available on
Brookfield Reinsurance’s website at bnre.brookfield.com, on the
U.S. Securities and Exchange Commission’s website at www.sec.gov
and on SEDAR’s website at www.sedar.com. Hard copies of the annual
and quarterly reports can be obtained free of charge upon
request.
Details of the Upcoming Annual General
and Special Meeting of Brookfield Reinsurance
Shareholders
Brookfield Reinsurance will hold its upcoming
annual general and special meeting of shareholders will be held on
August 8, 2023 at 10:00 a.m. (Eastern Daylight Time).
The meeting will be in a virtual only format
whereby holders may attend and participate in the meeting via live
webcast. Shareholders will not be able to attend the meeting in
person. A management information circular containing the specific
details of the meeting and the matters to be presented and voted on
will be mailed soon to all Brookfield Reinsurance shareholders of
record as of market close on June 30, 2023.
The Toronto Stock Exchange has granted
Brookfield Reinsurance an extension to hold its annual shareholder
meeting this year on or before August 9, 2023.
About Brookfield
Reinsurance
Brookfield Reinsurance
Ltd. (NYSE, TSX: BNRE) operates a leading capital
solutions business providing insurance and reinsurance services to
individuals and institutions. Through its operating subsidiaries,
Brookfield Reinsurance offers a broad range of insurance products
and services, including life insurance and annuities, and personal
and commercial property and casualty insurance. Each class A
exchangeable limited voting share of Brookfield Reinsurance is
exchangeable on a one-for-one basis with a class A limited voting
share of Brookfield Corporation (NYSE, TSX: BN).For more
information, please visit our website at
bnre.brookfield.com or contact:
Communications &
Media:Kerrie McHugh HayesTel: (212) 618-3469Email:
kerrie.mchugh@brookfield.com |
|
Investor
Relations: Rachel Powell Tel: (416) 956-5141 Email:
rachel.powell@brookfield.com |
Notice to ReadersBrookfield
Reinsurance is not making any offer or invitation of any kind by
communication of this news release and under no circumstance is it
to be construed as a prospectus or an advertisement.
This news release contains “forward-looking
information” and “forward-looking statements” within the meaning of
applicable Canadian and U.S. securities laws. Forward-looking
statements include statements that are predictive in nature, depend
upon or refer to future events or conditions, include statements
which reflect management’s expectations regarding the operations,
business, financial condition, expected financial results,
performance, prospects, opportunities, priorities, targets, goals,
ongoing objectives, strategies and outlook of Brookfield
Reinsurance and its subsidiaries, as well as the outlook for North
American and international economies for the current fiscal year
and subsequent periods. Particularly, statements about the timing
of the mailing and filing of the management information circular
and other documents related thereto are forward-looking statements.
In some cases, forward-looking statements can be identified by the
use of forward-looking terminology such as “expects,”
“anticipates,” “plans,” “believes,” “estimates,” “seeks,”
“intends,” “targets,” “projects,” “forecasts” or negative versions
thereof and other similar expressions, or future or conditional
verbs such as “may,” “will,” “should,” “would” and “could.”
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