Power Corporation of Canada | Financial Highlights

Financial Highlights

Quarterly Highlights
Five-year Summary

For the three months ended

For the years ended

	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	14,019	11,377	9,088	51,253	50,750
Net earnings attributable to participating shareholders	208	470	459	1,286	1,082
Net earnings per participating share	0.44	1.02	0.99	2.77	2.33
Adjusted net earnings attributable to participating shareholders^{(1, 2)}	419	471	412	1,560	1,223
Adjusted net earnings per participating share^{(1, 2)}	0.90	1.02	0.89	3.36	2.64
Dividends declared per participating share	0.3585	0.3585	0.3350	1.4105	1.3163
Consolidated assets⁽³⁾	445,521	431,890	422,724	445,521	422,724
Shareholders' equity	14,615	14,336	13,864	14,615	13,864
Book value per participating share	29.40	28.82	27.84	29.40	27.84
Participating shares outstanding (in millions)	464.3	464.0	463.3	464.3	463.3

(1) Adjusted net earnings attribuable to participating shareholders and adjusted net earnings per participating 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 of 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	5,903	5,182	5,085	4,431	4,767
Total assets⁽¹⁾	445,521	422,724	422,859	377,781	344,976
Shareholders’ equity⁽²⁾	14,615	13,864	13,978	11,931	10,924
Consolidated Statements of Earnings
Revenues
Premium income, net	33,925	31,125	24,501	21,222	20,236
Investment income, net	8,074	10,335	4,869	13,706	2,752
Fee income	8,356	7,794	7,692	6,990	5,933
Other revenues	898	1,496	1,203	711	721
	51,253	50,570	38,265	42,629	29,642
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	8,260	8,023	7,239	6,066	5,448
Financing charges	512	490	480	457	440
	47,890	46,778	33,694	38,584	26,289
	3,363	3,972	4,571	4,045	3,353
Share of earnings (losses) of investments in jointly controlled corporations and associates	214	(122)	213	215	106
Earnings before income taxes	3,577	3,850	4,784	4,260	3,459
Income taxes	543	587	685	824	670
Net earnings	3,034	3,263	4,099	3,436	2,789
Attributable to
Non-controlling interests	1,696	2,129	2,261	2,109	1,760
Non-participating shareholders	52	52	52	52	52
Participating shareholders	1,286	1,082	1,786	1,275	977
	3,034	3,263	4,099	3,436	2,789
Per share
Net earnings attributable to participating shareholders	2.77	2.33	3.86	2.77	2.12
Adjusted net earnings⁽³⁾ attributable to participating shareholders^{(4, 5)}	3.36	2.64	3.40	2.69	2.08
Dividends declared on participating shares	1.41	1.32	1.22	1.16	1.16
Book value at year-end⁽²⁾	29.40	27.84	28.08	23.74	21.61
Market price (Participating shares)
High	33.68	31.03	34.57	32.87	32.82
Low	28.65	26.77	27.15	27.60	25.02
Year-end	32.37	30.05	28.94	31.76	31.95

(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 measures.
(5) Comparative figures have been adjusted to reflect other items reported by Lifeco in 2016.

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