EQUITY ACCOUNTED INVESTMENTS (Tables)

6 Months Ended

Jun. 30, 2025

Investments in subsidiaries, joint ventures and associates reported in separate financial statements [abstract]

Schedule of investments in associates

The following table presents the change in the balance of investments in associates and joint ventures:

AS AT AND FOR THE SIX MONTHS ENDED JUN. 30, 2025 (MILLIONS)
Balance, beginning of period	$	68,310
Additions, net of disposals1	3,036
Share of comprehensive income2	1,009
Distributions received	(1,732)
Returns of capital	(121)
Foreign currency translation and other	1,677
Balance, end of period	$	72,179

1.Includes assets sold and amounts reclassified to held for sale.

2.Includes $23 million of other comprehensive income and $986 million of net income.