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For the three months ended |
For the years ended |
||||
---|---|---|---|---|---|
(In millions of canadian dollars, except per share amounts or as otherwise noted) |
Sept. 30 |
June 30 |
Sept. 30 |
Dec. 31 |
Dec. 31 |
Revenues |
14,515 | 20,446 | 15,158 | 47,802 | 47,025 |
Net earnings attributable to common shareholders |
503 | 676 | 584 | 1,964 | 2,245 |
Net earnings per common share |
0.75 | 1.02 | 0.88 | 2.89 | 3.15 |
Adjusted net earnings attributable to common shareholders(1)(2) |
436 | 570 | 554 | 2,249 | 1,834 |
Adjusted net earnings per common share(1)(2) |
0.65 | 0.86 | 0.83 | 3.31 | 2.57 |
Consolidated assets |
495,355 | 479,013 | 466,573 | 471,372 | 447,055 |
Shareholders’ equity |
22,348 | 21,623 | 20,162 | 20,815 | 21,580 |
Book value per common share |
29.39 | 28.30 | 26.10 | 27.08 | 26.26 |
Common shares outstanding (in millions) |
664.1 | 664.1 | 664.1 | 664.1 | 714.1 |
(1) 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.
(2) Effective the first quarter of 2020, the Corporation introduced a modified definition of its non-IFRS earnings measure, Adjusted net earnings. This change is consistent with the introduction of base earnings by Lifeco which was introduced in the first quarter of 2020 to reflect management’s view of the operating performance of Lifeco. Refer to the “Non-IFRS Financial Measures and Presentation” section of the Corporation's most recent Management’s Discussion and Analysis for additional details on this measure. The comparative periods have been restated to reflect the introduction of this modified measure.
As at and for the years ended December 31 [in millions of Canadian dollars, except as otherwise noted] |
2019 | 2018 | 2017 |
2016 |
2015 |
---|---|---|---|---|---|
Consolidated Balance Sheets |
|||||
Cash and cash equivalents |
6,272 |
5,624 | 5,321 | 4,396 |
4,188 |
Total assets |
471,372 |
447,055 | 440,224 | 418,407 |
417,630 |
Shareholders’ equity |
20,815 |
21,580 | 20,513 | 19,481 |
19,473 |
Consolidated Statements of Earnings |
|||||
Revenues |
|||||
Total net premiums |
24,489 |
35,440 | 33,880 | 31,125 |
24,501 |
Net investment income |
13,247 |
2,822 | 7,610 | 10,203 |
4,319 |
Fee income |
10,066 |
8,763 | 8,497 | 7,794 |
7,692 |
Total revenues |
47,802 |
47,025 | 49,987 | 49,122 |
36,512 |
Expenses |
|||||
Total paid or credited to policyholders |
33,091 |
32,068 | 35,643 | 34,675 |
22,842 |
Commissions |
3,480 |
3,512 | 3,712 | 3,590 |
3,133 |
Operating and administrative expenses |
7,237 |
6,997 | 7,002 | 6,380 |
5,883 |
Financing charges |
435 |
360 | 432 | 412 |
413 |
Total expenses |
44,243 |
42,937 | 46,789 | 45,057 |
32,271 |
Earnings before investments in jointly controlled corporations and associates, and income taxes |
3,559 |
4,088 | 3,198 | 4,065 |
4,241 |
Share of earnings (losses) of investments in jointly controlled corporations and associates |
211 |
94 | 200 | (98) |
224 |
Earnings before income taxes |
3,770 |
4,182 | 3,398 | 3,967 |
4,465 |
Income taxes |
601 |
602 | 584 | 581 |
679 |
Net earnings |
3,169 |
3,580 | 2,814 | 3,386 |
3,786 |
Attributable to |
|||||
Non-controlling interests |
1,066 |
1,197 | 964 | 1,343 |
1,337 |
Perpetual preferred shareholders |
139 |
138 | 133 | 124 |
130 |
Common shareholders |
1,964 |
2,245 | 1,717 | 1,919 |
2,319 |
3,169 |
3,580 | 2,814 | 3,386 |
3,786 |
|
Per share |
|||||
Net earnings attributable to common shareholders |
2.89 |
3.15 | 2.41 | 2.69 |
3.25 |
Dividends declared on common shares |
1.82 |
1.73 | 1.65 | 1.57 |
1.49 |
Book value per common share |
27.08 |
26.26 | 24.77 | 23.69 |
23.69 |
Market price (Common shares) |
|||||
High |
36.02 |
34.88 | 37.00 | 34.70 |
38.78 |
Low |
25.45 |
25.21 | 31.91 | 29.02 |
30.28 |
Year-end |
34.94 |
25.83 | 34.54 | 33.56 |
31.81 |