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
2016

June 30
2016

Sept. 30
2015

December 31
2015

December 31
2014

Revenues

14,106 13,470 9,281 36,512 41,775

Operating earnings attributable to common shareholders(1)

541 557 596 2,241 2,105

Operating earnings per common share(1)

0.76 0.78 0.83 3.14 2.96

Net earnings attributable to common shareholders

539 505 602 2,319 2,136

Net earnings per common share

0.76 0.71 0.84 3.25 3.00

Dividends declared per common share

0.3925 0.3925 0.3725 1.49 1.40

Consolidated assets

419,840 408,210 407,200 417,630 373,843

Shareholders' equity

19,169 18,723 18,856 19,550 17,019

Book value per common share

23.26 22.63 22,82 23.79 20.29

Common shares outstanding (in millions)

713.2 713.2 713.2 713.2 711.7

(1) Operating earnings attributable to common shareholders and operating earnings per common share are non-IFRS financial measures.

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

2015

2014

2013

2012

2011(1)

Consolidated Balance Sheets

         

Cash and cash equivalents

4,188

3,989

4,344

3,313

3,385

Total assets

417,630

373,843

341,682

268,428

252,678

Shareholders’ equity

19,550

17,019 15,993 13,451

13,521

Consolidated Statements of Earnings

         

Revenues

         

Premium income, net

24,501

21,222

20,236

19,257

17,293

Investment income, net

4,319

13,563

2,661

8,375

9,764

Fee income

7,692

6,990

5,933

5,302

5,343

 

36,512

41,775

28,830

32,934

32,400

Expenses

         

Total paid or credited to policyholders

22,842

29,160

17,811

22,875

23,043

Commissions

3,133

2,901

2,590

2,487

2,312

Operating and administrative expenses

5,883

5,162

4,474

3,806

3,006

Financing charges

413

413

400

409

409

 

32,271

37,636

25,275

29,577

28,770

 

4,241

4,139

3,555

3,357

3,630

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

224

211

134

130

(20)

Earnings before income taxes – continuing operations

4,465

4,350

3,689

3,487

3,610

Income taxes

679

834

678

559

706

Net earnings – continuing operations

3,786

3,516

3,011

2,928

2,904

Net earnings – discontinued operations

63

Net earnings

3,786

3,516

3,011

2,928

2,967

Attributable to

         

Non-controlling interests

1,337

1,248

984

1,193

1,141

Perpetual preferred shareholders

130

132

131

117

104

Common shareholders

2,319

2,136

1,896

1,618

1,722

 

3,786

3,516

3,011

2,928

2,967

Per share

         

Operating earnings attributable to common shareholders(2)

3.14

2.96

2.40

2.37

2.44

Net earnings attributable to common shareholders from discontinued operations

0.05

Net earnings attributable to common shareholders

3.25

3.00

2.67

2.29

2.43

Dividends declared on common shares

1.49

1.40

1.40

1.40

1.40

Book value at year-end

23.79

20.29

18.61

15.79

16.26

Market price (Common Shares)

         

High

38.78

36.70

36.79

30.15

31.98

Low

30.28

30.14

27.02

24.06

23.62

Year-end

31.81

36.18

36.00

27.24

25.54

(1) The 2011 figures have not been adjusted to reflect current year reclassifications and new and revised IFRS adopted on January 1, 2013.
(2) Operating earnings per share is a non-IFRS financial measure.

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