Brookfield Wealth Solutions Ltd-A 2025年年度报告和过渡报告

SECURITIES AND EXCHANGE COMMISSION Washington D.C. 20549 FORM20-F ☐REGISTRATION STATEMENT PURSUANT TO SECTION 12(B) OR 12(G) OF THE SECURITIES EXCHANGEACT OF 1934 OR xANNUAL REPORT PURSUANT TO SECTION 13 OR 15(D) OF THE SECURITIES EXCHANGE ACT OF 1934 OR ☐TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(D) OF THE SECURITIES EXCHANGE ACT OF1934 OR ☐SHELL COMPANY REPORT PURSUANT TO SECTION 13 OR 15(D) OF THE SECURITIES EXCHANGE ACTOF 1934 Commission file number:001-40509 BROOKFIELD WEALTH SOLUTIONS LTD. (Exact name of Registrant as specified in its charter) Bermuda (Jurisdiction of incorporation or organization) Seamus MacLoughlinIdeation House,First Floor94 Pitts Bay RoadPembroke,HM08Bermuda+1 (441)405-7811bnt.enquiries@brookfield.com (Name, telephone, e-mail and/or facsimile number and address of company contact person) Securities registered or to be registered pursuant to Section12(g) of the Act: None Securities for which there is a reporting obligation pursuant to Section15(d) of the Act: None Indicate the number of outstanding shares of each of the issuer’s classes of capital or common stock as of the close of the periodcovered by the annual report: 43,436,516Class A Exchangeable Limited Voting Shares,24,000Class B Limited Voting Shares,201,116,647ClassC Non-VotingShares, as of December 31, 2024 Indicate by check mark if the registrant is a well-known seasoned issuer, as defined in Rule 405 of the Securities Act.Yes☐Nox If this report is an annual or transition report, indicate by check mark if the registrant is not required to file reports pursuant toSection13 or 15(d) of the Securities Exchange Act of 1934.Yes☐Nox Indicate by check mark whether the registrant (1)has filed all reports required to be filed by Section13 or 15(d) of the SecuritiesExchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports),and (2)has been subject to such filing requirements for the past 90 days.YesxNo☐ Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submittedpursuant to Rule 405 of Regulation S-T (§232.405 of this chapter) during the preceding 12 months (or for such shorter period that theregistrant was required to submit such files).YesxNo☐ Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, or an emerginggrowth company. See definitions of “accelerated filer”, “large accelerated filer”, and “emerging growth company” in Rule 12b-2 of theExchange Act (Check one): If an emerging growth company that prepares its financial statements in accordance with U.S. GAAP, indicate by check mark if theregistrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards†provided pursuant to Section 13(a) of the Exchange Act. †The term “new or revised financial accounting standard” refers to any update issued by the Financial Accounting Standards Board to itsAccounting Standards Codification after April 5, 2012. Indicate by check mark whether the registrant has filed a report on and attestation to its management’s assessment of the effectivenessof its internal control over financial reporting under Section 404(b) of the Sarbanes-Oxley Act (15 U.S.C. 7262(b)) by the registeredpublic accounting firm that prepared or issued its audit report.x If securities are registered pursuant to Section 12(b) of the Act, indicate by check mark whether the financial statements of theregistrant included in the filing reflect the correction of an error to previously issued financial statements.☐ Page 2 Indicate by check mark whether any of those error corrections are restatements that required a recovery analysis of incentive-basedcompensation received by any of the registrant’s executive officers during the relevant recovery period pursuant to §240.10D-1(b).☐ Indicate by check mark which basis of accounting the registrant has used to prepare the financial statements included in this filing: xU.S. GAAP If “Other” has been checked in response to the previous question indicate by check mark which financial statement item the registranthas elected to follow.Item 17☐Item 18☐ If this is an annual report, indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the ExchangeAct).Yes☐Nox Page 3 PageINTRODUCTION AND USE OF CERTAIN TERMS1FORWARD-LOOKING STATEMENTS10CAUTIONARY STATEMENT REGARDING THE USE OF NON-GAAP MEASURES12PART I13ITEM 1IDENTITY OF DIRECTORS, SENIOR MANAGEMENT AND ADVISERS13ITEM 2OFFER STATISTICS AND EXPECTED TIMETABLE13ITEM 3KEY INFORMATION133.A[RESERVED]133.BCAPITALIZATION AND INDEBTEDNESS133.CREASONS FOR THE OFFER AND USE OF PROCEEDS133.DRISK FACTORS13ITEM 4INFORMATION ON THE COMPANY614.AHISTORY AND DEVELOPMENT OF THE COMPANY614.BBUSINESS OVERVIEW644.CORGANIZATIONAL STRUCTURE874.DPROPERTY, PLANT AN