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)

Dec. 31
2017

Sept. 30
2017

Dec. 31
2016

December 31
2017

December 31
2016

Revenues

13,622 10,907 8,576 49,878 49,122

Net earnings attributable to common shareholders

225 463 616 1,717 1,919

Net earnings per common share

0.32 0.65 0.86 2.41 2.69

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

547 465 547 2,135 2,136

Adjusted net earnings per common share(1, 2)

0.77 0.65 0.77 2.99 2.99

Dividends declared per common share

0.4125 0.4125 0.3925 1.65 1.57

Consolidated assets(3)

440,224 426,697 418,407 440,224 418,407

Shareholders' equity

20,513 20,369 19,481 20,513 19,481

Book value per common share

24.77 24.58 23,69 24.77 23.69

Common shares outstanding (in millions)

713.9 713.5 713,3 713.9 713.3

(1) Adjusted net earnings attributable to common shareholders and adjusted net earnings per common share are non-IFRS financial measures.
(2) Comparative figures have been adjusted to reflect other items reported by Lifeco.
(3) Comparative figures have been retrospectively adjusted as described in Note 16 to the Corporation's 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

33,925

31,125 24,501 21,222

20,236

Investment income, net

7,610

10,203 4,319 13,563

2,661

Fee income

8,343

7,794 7,692 6,990

5,933

 

49,878

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

3,475

3,590 3,133 2,901

2,590

Operating and administrative expenses

7,130

6,380 5,883 5,162

4,474

Financing charges

432

412

413

413

400

 

46,680

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(3)    attributable to common shareholders(4, 5)

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 2017 Consolidated Financial Statements.
(2) Comparative figures of 2015 have been retrospectively adjusted.
(3) Previously described as operating earnings.
(4) Adjusted net earnings per share is a non-IFRS financial measure.
(5) Comparative figures have been adjusted to reflect other items reported by Lifeco in 2016.

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