Shares of Brookfield Reinsurance Ltd. (NYSE:BNRE – Get Free Report) dropped 2.1% during mid-day trading on Thursday . The stock traded as low as $42.51 and last traded at $42.87. 37,408 shares traded hands during trading, an increase of 485% from the average daily volume of 6,394 shares. The stock had previously closed at $43.81.
Brookfield Reinsurance Stock Down 2.1%
The company has a market cap of $6.24 billion, a P/E ratio of 147.83 and a beta of 1.53. The business has a fifty day moving average price of $44.78 and a 200-day moving average price of $44.97.
Brookfield Reinsurance Company Profile
Brookfield Reinsurance (NYSE: BNRE) is a Bermuda-domiciled reinsurer sponsored by Brookfield Asset Management. The company provides a range of risk transfer solutions, including property catastrophe, casualty, specialty lines and retrocession coverage. By combining underwriting expertise with diversified capital markets strategies, Brookfield Reinsurance aims to meet the needs of primary insurers, reinsurers and other institutional clients seeking tailored reinsurance capacity.
In its underwriting operations, Brookfield Reinsurance focuses on structuring programs across regions and perils, deploying both traditional reinsurance treaties and facultative placements.
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