Investors

Financial Highlights
 

For the three months ended

For the years ended

(In millions of canadian dollars, except per share amounts or as otherwise noted)
(unaudited)

March 31
2017

Dec. 31
2016

March 31
2016

December 31
2016

December 31
2015

Revenues

 13,569 8,576 12,970 49,122 36,512

Net earnings attributable to common shareholders

 484 616 259 1,919 2,319

Net earnings per common share

 0.68 0.86 0.36 2.69 3.25

Adjusted net earnings(1)    attributable to common shareholders(2, 3)

 501 545 476 2,119 2,241

Adjusted net earnings(1)    per common
share(2, 3)

 0.70 0.76 0.67 2.97 3.14

Dividends declared per common share

 0.4125 0.3925 0.3925 1.57 1.49

Consolidated assets

 425,042 418,586 407,794 418,586 417,630

Shareholders' equity(4)

 19,898 19,481 18,791 19,481 19,473

Book value per common share(4)

 24.28 23.69 22.73 23.69 23.69

Common shares outstanding (in millions)

 713.3 713.3 713.2 713.3 713.2

(1) Previously described as operating earnings.
(2) Adjusted net earnings attributable to common shareholders and adjusted net earnings per common share are non-IFRS financial measures.
(3) Comparative figures have been adjusted to reflect other items reported by Lifeco for the fourth quarter of 2016.
(4) Comparative figures have been retrospectively adjusted as described in Note 16 to the Corporation's 2016 Consolidated Financial Statements.

As at and for the years ended December 31 [in millions of Canadian dollars, except as otherwise noted]
(unaudited)

2016

2015

2014

2013

2012

Consolidated Balance Sheets

          

Cash and cash equivalents

4,396

4,188

3,989

4,344

3,313

Total assets

418,586

417,630

373,843

341,682

268,428

Shareholders’ equity(1)

19,481

19,473

16,942

15,916

13,374

Consolidated Statements of Earnings

          

Revenues

          

Premium income, net

31,125

24,501

21,222

20,236

19,257

Investment income, net

10,203

4,319

13,563

2,661

8,375

Fee income

7,794

7,692

6,990

5,933

5,302
 

49,122

36,512

41,775

28,830

32,934

Expenses

          

Total paid or credited to policyholders

34,675

22,842

29,160

17,811

22,875

Commissions

3,590

3,133

2,901

2,590

2,487

Operating and administrative expenses

6,380

5,883

5,162

4,474

3,806

Financing charges

412

413

413

400

409

 

45,057

32,271

37,636

25,275

29,577
 

4,065

4,241

4,139

3,555

3,357

Share of earnings (losses) of investments in jointly controlled corporations and associates

(98)

224

211

134

130

Earnings before income taxes

3,967

4,465

4,350

3,689

3,487

Income taxes

581

679

834

678

559

Net earnings

3,386

3,786

3,516

3,011

2,928

Attributable to

          

Non-controlling interests

1,343

1,337

1,248

984

1,193

Perpetual preferred shareholders

124

130

132

131

117

Common shareholders

1,919

2,319

2,136

1,896

1,618
 

3,386

3,786

3,516

3,011

2,928

Per share

          

Net earnings attributable to common shareholders

2.69

3.25

3.00

2.67

2.29

Adjusted net earnings(2)    attributable to common shareholders(3, 4)

2.97

3.14

2.96

2.40

2.37

Dividends declared on common shares

1.57

1.49

1.40

1.40

1.40

Book value at year-end(1)

23.69

23.69

20.18

18.51

15.68

Market price (Common shares)

          

High

34.70

38.78

36.70

36.79

30.15

Low

29.02

30.28

30.14

27.02

24.06

Year-end

33.56

31.81

36.18

36.00

27.24

(1) Comparative figures have been retrospectively adjusted as described in Note 16 to the Corporation's 2016 Consolidated Financial Statements.
(2) Previously described as operating earnings.
(3) Adjusted net earnings per share is a non-IFRS financial measure.
(4) Comparative figures have been adjusted to reflect other items reported by Lifeco for the fourth quarter of 2016.

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