Brookfield Corp Q3 2023 Earnings Call Transcript

The following is excerpted from the question-and-answer section of the transcript.

Question: Mario Saric - Scotiabank Global Banking and Markets, Research Division - Analyst : So the first one is more of a general one in terms of kind of the internal view on the broader U.S. economy. There continues to be a lot of discussion about hard versus soft landing in the U.S. I'm just curious about how the internal view has evolved relating to the probability of each and how that may shape capital allocation in terms of asset classes or geographies heading into 2024, if at all?

Question: Mario Saric - Scotiabank Global Banking and Markets, Research Division - Analyst : Okay. And then just maybe an associated question coming back to the peak rate cycle and expected transaction activity acceleration. I just want to focus specifically on real estate for this. You've been fairly vocal in noting there's a significant bifurcation that exists between Class A and Class BC properties based on your experience, whether it's coming out of the GFC or the early '90s. Like how would you characterize the acceleration in expected activity between the trophy assets that you own and presumably kind of more discounted value-add assets. I guess the question is, when do you expect transaction activity to pick up for the type of trophy assets that you own, which would perhaps provide the market with more confidence in the underlying asset values. REFINITIV STREETEVENTS | www.refinitiv.com | Contact Us consent of Refinitiv. 'Refinitiv' and the Refinitiv logo are registered trademarks of Refinitiv and its affiliated companies. NOVEMBER 09, 2023 / 3:00PM, BN.N - Q3 2023 Brookfield Corp Earnings Call

Question: Cherilyn Radbourne - TD Securities Equity Research - Analyst : Just starting with the fundraising inflows from the retail wealth channel. I was hoping you could talk about how you're managing those inflows in the context of strong consumer demand versus what you think you can deploy manageably on a quarterly or annual basis?

Question: Cherilyn Radbourne - TD Securities Equity Research - Analyst : Great. And then separately, as it relates to the core real estate portfolio and its potential to nicely match the duration of your insurance liabilities. Will the AEL acquisition give you sufficient scale to contemplate a partial transfer to the insurance business?