07:16 AM EST, 11/14/2024 (MT Newswires) -- Brookfield (BN.TO) on Thursday said third-quarter distributable earnings rose 19%.

The asset management company said distributable earnings jumped to a record US$1.32 billion, or US$0.84 per share, from US$1.15 billion, or US$0.13 per share. Brookfield's asset management business delivered 14% growth in fee-related earnings, while wealth solutions earnings doubled, due to the acquisition of American Equity Life, increased annuity sales and strong investment performance.

Brookfield will pay a quarterly dividend of US$0.08 per share on Dec. 31.