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Press Releases 2021 Brookfield Reinsurance Announces Third Quarter Results , Regular Distribution and Appointment of Directors View Associated Files Nov 11 2021 BROOKFIELD , NEWS , Nov. 11 , 2021 ( GLOBE NEWSWIRE ) -- Brookfield Asset Management Reinsurance Partners Ltd. ( " Brookfield Reinsurance " ) ( NYSE , TSX : BAMR ) today announced financial results for the quarter ended September 30 , 2021 . Sachin Shah , CEO of Brookfield Reinsurance , stated , " We continue to make significant progress in advancing our priorities with a focus on executing our previously announced transactions . Since we last reported , we have closed on a number of reinsurance and pension risk transfer opportunities , increasing our assets under management to $ 8 billion . Through our strategic partnership with Brookfield , we have successfully redeployed a significant portion of these assets into proprietary alternative credit strategies . " Unaudited As at and for the periods ended September 30 ( US $ millions , except per share amounts ) Equity Excess capital Net reserve capital Three Months Ended Nine Months Ended 2021 2020 2021 2020 $ 1,278 $ 67 $ 1,278 $ 997 997 281 67 281 Funds from operations ( " FFO " ) 1 3 1 9 Net ( loss ) income ( 6 ) 1 ( 1 ) Net income per class A & class B share² $ 0.13 n / a $ 0.13 n / a Net ( loss ) income per class C share² $ ( 0.42 ) n / a $ ( 0.42 ) n / a དྱེ ༅ | | ༄ | ཾ | 67 67 1. See Basis of Presentation on page 7 and a reconciliation from net income ( loss ) on page 6 . 2. For the period from June 28 , 2021 to September 30 , 2021 . Highlights After the quarter , we closed our previously announced transaction with American Equity Investment Life Insurance Company ( " AEILIC " ) , to reinsure up to $ 10 billion of long - dated annuities We closed our first large - block reinsurance transaction in September , reinsuring approximately $ 2 billion of deferred annuities Our pension risk transfer business had its most active quarter to date , closing 11 transactions , representing over $ 600 million of premiums Operating Highlights During the quarter , we entered into an agreement to reinsure $ 1.6 billion of deferred annuities . The transaction closed on September 3 , 2021 , and since then we have been focused on repositioning the portfolio into our higher - yielding investment strategies . Our Canadian pension risk transfer ( " PRT " ) business successfully closed on eleven transactions , capturing over 20 % of the Canadian market in the quarter . As of September 30 , 2021 , we had over 9,000 in - pay PRT annuitants , representing a 35 % increase from same period in the prior year . Subsequent to quarter end , we entered into an additional two PRT transactions , reaching year to date sales of over C $ 1 billion . Following the close of our reinsurance transaction with AEILIC in early October , BAM Re has approximately $ 900 million of available corporate liquidity to fund potential investments and working capital needs , including $ 350 million of undrawn credit