The information included below is as disclosed by Lifeco. Refer to Lifeco's website for more information (www.greatwestlifeco.com).
| |
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
2021
|
Sept. 30
2021
|
Dec. 31
2020
|
Dec. 31
2021
|
Dec. 31
2020
|
|
Earnings
|
|
|
|
|
|
|
Net earnings — common shareholders
|
765 |
872
|
912 |
3,128 |
2,943
|
|
Base earnings(1)
|
825 |
870 |
741 |
3,260 |
2,669
|
|
Per common share
|
|
|
|
|
|
|
Basic:
|
|
|
|
|
|
|
Net earnings
|
0.822 |
0.938
|
0.983 |
3.365 |
3.173 |
|
|
Base earnings(2)
|
0.887 |
0.934
|
0.799 |
3.507 |
2.878 |
|
Diluted net earnings
|
0.820 |
0.936
|
0.983 |
3.360 |
3.172 |
|
Dividends paid(3)
|
0.490 |
0.438
|
0.438 |
1.804 |
1.752 |
|
Book value(4)
|
24.71 |
24.40
|
22.97 |
24.71 |
22.97
|
|
Return on equity(4)
|
14.0% |
14.9%
|
14.1% |
14.0% |
14.1%
|
|
Base return on equity(2)
|
14.6% |
14.5%
|
12.8% |
14.6% |
12.8%
|
|
Total net premiums
|
12,989 |
14,921
|
11,747 |
52,813 |
43,019 |
|
Total premiums and deposits(1)
|
47,654 |
39,282
|
40,831 |
168,803 |
171,345 |
|
Fee and other income
|
1,885 |
1,858
|
1,569 |
7,294 |
5,902 |
|
Net policyholder benefits, dividends and experience refunds
|
12,241 |
10,915
|
9,916 |
47,252 |
38,159
|
|
Total assets per financial statements
|
630,488 |
614,962
|
600,490 |
630,488 |
600,490
|
|
Proprietary mutual funds and institutional net assets(4)
|
377,155 |
365,764
|
350,943 |
377,155 |
350,943
|
|
Total assets under management(1)
|
1,007,643 |
980,726
|
951,433 |
1,007,643 |
951,433
|
|
Other assets under administration(4)
|
1,271,931 |
1,213,074
|
1,024,414 |
1,271,931 |
1,024,414
|
|
Total assets under administration(1)
|
2,279,574 |
2,193,800
|
1,975,847 |
2,279,574 |
1,975,847
|
|
Total equity
|
30,483 |
30,232
|
27,015 |
30,483 |
27,015
|
|
The Canada Life Assurance Company consolidated LICAT Ratio(5)
|
124% |
123%
|
129% |
124% |
129%
|
(1) This is a non-IFRS financial measure. Refer to the “Non-GAAP Financial Measures and Ratios” section of Lifeco’s most recent Management’s Discussion and Analysis for additional details.
(2) This is a non-IFRS ratio. Refer to the “Non-GAAP Financial Measures and Ratios” section of Lifeco’s most recent Management’s Discussion and Analysis for additional details.
(3) In 2021, Lifeco made dividend payments to common shareholders on each of March 31, June 30 and September 30 in the amount of $0.438 per share. On November 15, 2021, Lifeco announced an increase to the quarterly dividend of $0.052 per share. On December 31, 2021, Lifeco made a dividend payment to common shareholders in the amount of $0.490 per share.
(4) Refer to the "Glossary" section of Lifeco’s most recent Management’s Discussion and Analysis for additional details on the composition of this measure.
(5) The Life Insurance Capital Adequacy Test (LICAT) Ratio is based on the consolidated results of The Canada Life Assurance Company, Lifeco's major Canadian operating subsidiary. The LICAT Ratio is calculated in accordance with the Office of Superintendent of Financial Institutions' guideline - Life Insurance Capital Adequacy Test. Refer to the "Capital Management and Adequacy" section of of Lifeco’s most recent Management’s Discussion and Analysis for additional details.
The information included below is as disclosed by Lifeco. Refer to Lifeco's website for more information (www.greatwestlifeco.com).
|
As at and for the years ended December 31 [in millions of canadian dollars, except per share amounts or as otherwise noted]
(unaudited)
|
2021
|
2020
|
2019
|
|
Total revenue
|
64,417
|
60,583 |
44,698
|
|
Earnings — common shareholders
|
|
|
|
|
Net earnings
|
3,128
|
2,943 |
2,359
|
|
Base earnings(1)
|
3,260
|
2,669 |
2,704
|
|
Earnings per common share
|
|
|
|
|
Basic - net earnings
|
3.365
|
3.173 |
2.494
|
|
Diluted - net earnings
|
3.360
|
3.172 |
2.493
|
|
Basic - base earnings(2)
|
3.507
|
2.878 |
2.859
|
|
Diluted - base earnings(2)
|
3.502
|
2.877 |
2.857
|
|
Total assets under administration(1)
|
|
|
|
|
Total assets
|
630,488
|
600,490 |
451,167
|
|
Proprietary mutual funds and institutional assets(3)
|
377,155
|
350,943 |
320,548
|
|
Total assets under management(1)
|
1,007,643
|
951,433 |
771,715
|
|
Other assets under management(3)
|
1,271,931
|
1,024,414 |
857,966
|
|
Total assets under administration(1)
|
2,279,574
|
1,975,847 |
1,629,681
|
|
Total liabilities
|
600,005
|
573,475 |
425,624
|
|
Dividends paid per common share(4)
|
1.804
|
1.752 |
1.652
|
(1) This is a non-IFRS financial measure. Refer to the “Non-GAAP Financial Measures and Ratios” section of Lifeco’s most recent Management’s Discussion and Analysis for additional details.
(2) This is a non-IFRS ratio. Refer to the “Non-GAAP Financial Measures and Ratios” section of Lifeco’s most recent Management’s Discussion and Analysis for additional details.
(3) Refer to the “Glossary” section of Lifeco’s most recent Management’s Discussion and Analysis for additional details on the composition of this measure.
(4) In 2021, Lifeco made dividend payments to common shareholders on each of March 31, June 30 and September 30 in the amount of $0.438 per share. On November 15, 2021, Lifeco announced an increase to the quarterly dividend of $0.052 per share. On December 31, 2021, Lifeco made a dividend payment to common shareholders in the amount of $0.490 per share.
