Brookfield Corporation (NYSE:BN) Q3 2024 Earnings Conference Call November 14, 2024 10:00 AM ET

Company Participants

Angela Yulo - VP, IR
Bruce Flatt - CEO
Nick Goodman - President

Conference Call Participants

Mario Saric - Scotiabank
Sohrab Movahedi - BMO Capital Markets
Cherilyn Radbourne - TD Cowen
Robert Kwan - RBC Capital Markets
Dean Wilkinson - CIBC
Alex Bernstein - JPMorgan

Operator

Hello and welcome to the Brookfield Corporation Third Quarter 2024 Conference Call and Webcast. At this time, all participants are in a listen-only mode. After the speaker presentation, there will be a question-and-answer session. [Operator Instructions]

I would now like to hand the conference call over to our first speaker, Ms. Angela Yulo, Vice President, Investor Relations. Please go ahead.

Angela Yulo

Thank you, operator and good morning. Welcome to Brookfield Corporation's third quarter 2024 conference call. On the call today are Bruce Flatt, our Chief Executive Officer; and Nick Goodman, President of Brookfield Corporation.

Bruce will start off by giving a business update, followed by Nick who will discuss our financial and operating results for the quarter. After our formal comments, we'll turn the call over to the operator and take analyst questions. In order to accommodate all those who want to ask questions, we ask that you refrain from asking more than two questions.

I would like to remind you that in today's comments, including in responding to questions and in discussing new initiatives in our financial and operating performance, we may make forward-looking statements, including forward-looking statements within the meaning of applicable Canadian and U.S. Securities laws.

These statements reflect predictions of future events and trends and do not relate to historic events. They are subject to known and unknown risks and future events and results may differ materially from such statements.

For further information on these risks and their potential impacts on our company, please see our filings with the securities regulators in Canada and the U.S. and the information available on our website.

In addition, when we speak about our Wealth Solutions business or Brookfield Wealth Solutions, we are referring to Brookfield's investments in this business that supported the acquisition of its underlying operating subsidiaries.

With that, I'll turn the call over to Bruce.

Bruce Flatt

Thank you, Angela and welcome, everyone, on the call. We delivered strong financial results in the third quarter. Distributable earnings before realizations increased 19% to a record $1.3 billion. That was $0.80 per share for the quarter and $4.6 billion or $2.90 per share for the last 12 months. Nick will cover these results later in the call.