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For the three months ended |
For the years ended |
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|---|---|---|---|---|---|
|
(In millions of canadian dollars, except per share amounts or as otherwise noted) |
June 30 |
Mar. 31 |
June 30 |
Dec. 31 |
Dec. 31 |
|
Revenues(1)(2) |
3,511 | 17,648 | 11,360 | 47,025 | 49,987 |
|
Net earnings attributable to common shareholders |
443 | 536 | 658 | 2,245 | 1,717 |
|
Net earnings per common share |
0.66 | 0.75 | 0.92 | 3.15 | 2.41 |
|
Adjusted net earnings attributable to common shareholders(3) |
589 | 536 | 658 | 2,282 | 2,135 |
|
Adjusted net earnings per common share(3) |
0.88 | 0.75 | 0.92 | 3.20 | 2.99 |
|
Dividends declared per common share |
0.4555 | 0.4555 | 0.4330 | 1.7320 | 1.6500 |
|
Consolidated assets |
461,833 | 462,511 | 450,419 | 447,055 | 440,224 |
|
Shareholders' equity |
20,009 | 21,781 | 21,267 | 21,580 | 20,513 |
|
Book value per common share |
25.87 | 26.54 | 25.82 | 26.26 | 24.77 |
|
Common shares outstanding (in millions) |
664.1 | 714.1 | 714.0 | 714.1 | 713.9 |
(1) Comparative figures for 2017 have been adjusted as a result of IFRS 15 as described in Note 2 to the Corporation's December 31, 2018 consolidated financial statements.
(2) The decrease in revenues in the second quarter of 2019 is due to the impact of Lifeco's sale, via indemnity reinsurance, of its U.S. individual life insurance and annuity business to Protective Life (initial reinsurance ceded premiums of $13.9 billion).
(3) Adjusted net earnings attribuable 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.
|
As at and for the years ended December 31 [in millions of Canadian dollars, except as otherwise noted] |
2018 | 2017 | 2016 |
2015 |
2014 |
|---|---|---|---|---|---|
|
Consolidated Balance Sheets |
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|
Cash and cash equivalents |
5,624 |
5,321 | 4,396 | 4,188 |
3,989 |
|
Total assets |
447,055 |
440,224 | 418,407 | 417,630 |
373,843 |
|
Shareholders’ equity |
21,580 |
20,513 | 19,481 | 19,473 |
16,942 |
|
Consolidated Statements of Earnings |
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|
Revenues |
|||||
|
Premium income, net(1) |
35,440 |
33,880 | 31,125 | 24,501 |
21,222 |
|
Net investment income |
2,822 |
7,610 | 10,203 | 4,319 |
13,563 |
|
Fee income(1) |
8,763 |
8,497 | 7,794 | 7,692 |
6,990 |
| Total revenues
|
47,025 |
49,987 | 49,122 | 36,512 |
41,775 |
|
Expenses |
|||||
|
Total paid or credited to policyholders |
32,068 |
35,643 | 34,675 | 22,842 |
29,160 |
|
Commissions(1) |
3,512 |
3,712 | 3,590 | 3,133 |
2,901 |
|
Operating and administrative expenses(1) |
6,997 |
7,002 | 6,380 | 5,883 |
5,162 |
|
Financing charges |
360 |
432 | 412 | 413 |
413 |
|
Total expenses |
42,937 |
46,789 | 45,057 | 32,271 |
37,636 |
|
Earnings before investments in jointly controlled corporations and associates, and income taxes |
4,088 |
3,198 | 4,065 | 4,241 |
4,139 |
|
Share of earnings (losses) of investments in jointly controlled corporations and associates |
94 |
200 | (98) | 224 |
211 |
|
Earnings before income taxes |
4,182 |
3,398 | 3,967 | 4,465 |
4,350 |
|
Income taxes |
602 |
584 | 581 | 679 |
834 |
|
Net earnings |
3,580 |
2,814 | 3,386 | 3,786 |
3,516 |
|
Attributable to |
|||||
|
Non-controlling interests |
1,197 |
964 | 1,343 | 1,337 |
1,248 |
|
Perpetual preferred shareholders |
138 |
133 | 124 | 130 |
132 |
|
Common shareholders |
2,245 |
1,717 | 1,919 | 2,319 |
2,136 |
|
3,580 |
2,814 | 3,386 | 3,786 |
3,516 |
|
|
Per share |
|||||
|
Net earnings attributable to common shareholders |
3.15 |
2.41 | 2.69 | 3.25 |
3.00 |
|
Adjusted net earnings attributable to common shareholders(2) |
3.20 |
2.99 | 2.99 | 3.14 |
2.96 |
|
Dividends declared on common shares |
1.73 |
1.65 | 1.57 | 1.49 |
1.40 |
|
Book value per common share |
26.26 |
24.77 | 23.69 | 23.69 |
20.18 |
|
Market price (Common shares) |
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|
High |
34.88 |
37.00 | 34.70 | 38.78 |
36.70 |
|
Low |
25.21 |
31.91 | 29.02 | 30.28 |
30.14 |
|
Year-end |
25.83 |
34.54 | 33.56 | 31.81 |
36.18 |
(1) Comparative figures for 2017 have been adjusted as a result of IFRS 15 as described in Note 2 to the Corporation's December 31, 2018 consolidated financial statements.
(2) Adjusted net earnings attribuable to common shareholders per share is a non-IFRS financial measure. 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.