Brookfield Reinsurance Ltd. (NYSE:BNRE – Get Free Report) shares shot up 2.2% on Thursday . The company traded as high as $46.07 and last traded at $45.32. 13,326 shares traded hands during trading, an increase of 108% from the average session volume of 6,394 shares. The stock had previously closed at $44.36.
Brookfield Reinsurance Price Performance
The stock’s 50 day simple moving average is $43.86 and its two-hundred day simple moving average is $45.28. The stock has a market cap of $6.59 billion, a price-to-earnings ratio of 156.32 and a beta of 1.53.
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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