News Business Brookfield Corporation Reports Strong 2023 Results
Brookfield Infrastructure Partners

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Brookfield Corporation Reports Strong 2023 Results

February 9, 2024


Brookfield Corporation (NYSE: BN, TSX: BN) delivered robust financial performance in 2023, achieving significant milestones across its diverse portfolio of businesses.

Key Financial Results

  • Revenue: US$98.0 billion (up 2.7% from FY 2022)
  • Net income: US$964.0 million (down 49% from FY 2022)
  • Profit margin: 1.0% (down from 2.0% in FY 2022)
  • Earnings per share (EPS): US$0.62 (down from US$1.22 in FY 2022)

Business Highlights

Brookfield's asset management division witnessed strong fundraising momentum, while its insurance solutions business achieved transformative growth. Operating businesses demonstrated resilience, contributing stable cash flows.

Capital Allocation

Brookfield repurchased over $600 million of shares in 2023 and plans to acquire at least an additional $1 billion this year, enhancing value for shareholders.


With growth levers embedded in the business, Brookfield remains well-positioned to deliver strong financial results and achieve targeted 15% per share returns over the long term.

Note: This article provides general commentary based on historical data and analyst forecasts. It does not constitute financial advice.

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