|
For the three months ended |
For the years ended |
||||
|---|---|---|---|---|---|
|
(In millions of canadian dollars, except per share amounts or as otherwise noted) |
Dec. 31 |
Sept. 30 |
Dec. 31 |
Dec. 31 |
Dec. 31 |
|
Revenues(1) |
12,661 |
12,972 |
14,043 |
48,098 |
51,362 |
|
Net earnings attributable to participating shareholders |
229 |
186 |
208 |
1,287 |
1,286 |
|
Net earnings per participating share |
0.49 |
0.40 |
0.44 |
2.77 |
2.77 |
|
Adjusted net earnings attributable to participating shareholders(2) |
283 |
283 |
419 |
1,438 |
1,560 |
|
Adjusted net earnings per participating share(2) |
0.60 |
0.61 |
0.90 |
3.09 |
3.36 |
|
Dividends declared per participating share |
0.3820 |
0.3820 |
0.3585 |
1.5045 |
1.4105 |
|
Consolidated assets |
452,303 |
453,710 |
445,521 |
452,303 |
445,521 |
|
Shareholders' equity |
15,118 |
14,966 |
14,615 |
15,118 |
14,615 |
|
Book value per participating share |
30.38 |
30.06 |
29.40 |
30.38 |
29.40 |
|
Participating shares outstanding (in millions) |
466.0 |
465.9 |
464.3 |
466.0 |
464.3 |
(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 participating shareholders and adjusted net earnings per participating share are non-IFRS financial measures. Refer to the "Non-IFRS 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 |
|||||
|
Cash and cash equivalents |
6,441 |
5,903 | 5,182 | 5,085 |
4,431 |
|
Total assets |
452,303 |
445,521 | 422,724 | 422,859 |
377,781 |
|
Shareholders’ equity |
15,118 |
14,615 | 13,864 | 13,978 |
11,931 |
|
Consolidated Statements of Earnings |
|||||
|
Revenues |
|||||
|
Premium income, net(1) |
35,440 |
33,880 | 31,125 | 24,501 |
21,222 |
|
Net investment income |
3,069 |
8,074 | 10,335 | 4,869 |
13,706 |
|
Fee income(1) |
8,776 |
8,510 | 7,794 | 7,692 |
6,990 |
| Other revenues |
813 |
898 | 1,496 | 1,203 |
711 |
| Total revenues |
48,098 |
51,362 | 50,750 | 38,265 |
42,629 |
|
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) |
8,175 |
8,132 | 8,023 | 7,239 |
6,066 |
|
Financing charges |
462 |
512 | 490 | 480 |
457 |
|
Total expenses |
44,217 |
47,999 | 46,778 | 33,694 |
38,584 |
|
Earnings before investments in jointly controlled corporations and associates, and income taxes |
3,881 |
3,363 | 3,972 | 4,571 |
4,045 |
|
Share of earnings (losses) of investments in jointly controlled corporations and associates |
164 |
214 | (122) | 213 |
215 |
|
Earnings before income taxes |
4,045 |
3,577 | 3,850 | 4,784 |
4,260 |
|
Income taxes |
578 |
543 | 587 | 685 |
824 |
|
Net earnings |
3,467 |
3,034 | 3,263 | 4,099 |
3,436 |
|
Attributable to |
|||||
|
Non-controlling interests |
2,128 |
1,696 | 2,129 | 2,261 |
2,109 |
|
Non-participating shareholders |
52 |
52 | 52 | 52 |
52 |
|
Participating shareholders |
1,287 |
1,286 | 1,082 | 1,786 |
1,275 |
|
3,467 |
3,034 | 3,263 | 4,099 |
3,436 |
|
|
Per share |
|||||
|
Net earnings attributable to participating shareholders |
2.77 |
2.77 | 2.33 | 3.86 |
2.77 |
|
Adjusted net earnings attributable to participating shareholders(2) |
3.09 |
3.36 | 2.64 | 3.40 |
2.69 |
|
Dividends declared on participating shares |
1.50 |
1.41 | 1.32 | 1.22 |
1.16 |
|
Book value per participating share |
30.38 |
29.40 | 27.84 | 28.08 |
23.74 |
|
Market price (Participating shares) |
|||||
|
High |
32.56 |
33.68 | 31.03 | 34.57 |
32.87 |
|
Low |
23.57 |
28.65 | 26.77 | 27.15 |
27.60 |
|
Year-end |
24.53 |
32.37 | 30.05 | 28.94 |
31.76 |
(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 participating 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.
