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)

Sept. 30
2018

June 30
2018

Sept. 30
2017

December 31
2017

December 31
2016

Revenues(1)

12,787 11,360 10,931 49,987 49,122

Net earnings attributable to common shareholders

523 658 463 1,717 1,919

Net earnings per common share

0.74 0.92 0.65 2.41 2.69

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

578 658 465 2,135 2,136

Adjusted net earnings per common share(2, 3)

0.81 0.92 0.65 2.99 2.99

Dividends declared per common share

0.4330 0.4330 0.4125 1.65 1.57

Consolidated assets(4)

448,524 450,419 426,697 440,224 418,407

Shareholders' equity

21,291 21,267 20,369 20,513 19,481

Book value per common share

25.85 25.82 24.58 24.77 23.69

Common shares outstanding (in millions)

714.1 714.0 713.5 713.9 713.3

(1) Comparative figures for 2017 have been adjusted as a result of IFRS 15 as described in Note 3 to the Corporation's September 30, 2018 consolidated interim financial statements.
(2) Adjusted net earnings attributable to common shareholders and adjusted net earnings per common share are non-IFRS financial measures. Refer to the "Non-IFRS Financial Measures and Presentation" section of the Corporation's most recent Management's Discussion and Analysis for the definition of non-IFRS financial measures and their reconciliation with IFRS financial measures.
(3) Comparative figures for 2016 have been adjusted to reflect Other items reported by Lifeco.
(4) Comparative figures have been retrospectively adjusted as described in Note 16 to the Corporation's December 31, 2017 consolidated financial statements.

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

2017

2016

2015

2014

2013

Consolidated Balance Sheets

         

Cash and cash equivalents

5,321

4,396 4,188 3,989

4,344

Total assets(1)

440,224

418,407 417,630 373,843

341,682

Shareholders’ equity(2)

20,513

19,481 19,473 16,942

15,916

Consolidated Statements of Earnings

         

Revenues

         

Premium income, net(3)

33,880

31,125 24,501 21,222

20,236

Investment income, net

7,610

10,203 4,319 13,563

2,661

Fee income(3)

8,497

7,794 7,692 6,990

5,933

 

49,987

49,122 36,512 41,775

28,830

Expenses

         

Total paid or credited to policyholders

35,643

34,675 22,842 29,160

17,811

Commissions(3)

3,712

3,590 3,133 2,901

2,590

Operating and administrative expenses(3)

7,002

6,380 5,883 5,162

4,474

Financing charges

432

412

413

413

400

 

46,789

45,057 32,271 37,636

25,275

 

3,198

4,065 4,241 4,139

3,555

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

200

(98) 224 211

134

Earnings before income taxes

3,398

3,967 4,465 4,350

3,689

Income taxes

584

581 679 834

678

Net earnings

2,814

3,386 3,786 3,516

3,011

Attributable to

         

Non-controlling interests

964

1,343 1,337 1,248

984

Perpetual preferred shareholders

133

124 130 132

131

Common shareholders

1,717

1,919 2,319 2,136

1,896

 

2,814

3,386 3,786 3,516

3,011

Per share

         

Net earnings attributable to common shareholders

2.41

2.69 3.25 3.00

2.67

Adjusted net earnings(4)    attributable to common shareholders(5, 6)

2.99

2.99 3.14 2.96

2.40

Dividends declared on common shares

1.65

1.57

1.49

1.40

1.40

Book value at year-end(2)

24.77

23.69 23.69 20.18

18.51

Market price (Common shares)

         

High

37.00

34.70 38.78 36.70

36.79

Low

31.91

29.02 30.28 30.14

27.02

Year-end

34.54

33.56 31.81 36.18

36.00

(1) Comparative figures have been retrospectively adjusted as described in Note 16 to the Corporation's December 31, 2017 consolidated financial statements.
(2) Comparative figures for 2015 have been retrospectively adjusted.
(3) Comparative figures for 2017 have been adjusted as a result of IFRS 15 as described in Note 3 to the Corporation's June 30, 2018 consolidated interim financial statements.
(4) Previously described as operating earnings.
(5) Adjusted net earnings attribuable to participating shareholders and adjusted net earnings per participating share are non-IFRS financial measures. Refer to the "Non-IFRS Measures and Presentation" section of the Corporation's most recent Management's Discussion and Analysis for the definition of non-IFRS financial measures and their reconciliation with IFRS financial measures.
(6) Comparative figures for 2016 have been adjusted to reflect other items reported by Lifeco.

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