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
2017

June 30
2017

Sept. 30
2016

December 31
2016

December 31
2015

Revenues

11,377

12,080

14,503

50,750

38,265

Net earnings attributable to participating shareholders

470

350

303

1,082

1,786

Net earnings per participating share

1.02

0.75

0.65

2.33

3.86

Adjusted net earnings(1)    attributable to participating shareholders(2, 3)

471

401

311

1,223

1,573

Adjusted net earnings(1)    per participating share(2, 3)

1.02

0.86

0.67

2.64

3.40

Dividends declared per participating share

0.3585

0.3585

0.3350

1.3163

1.2238

Consolidated assets

431,890

434,809

424,926

422,903

422,859

Shareholders' equity(4)

14,336

14,222

13,537

13,864

13,978

Book value per participating share(4)

28.82

28.58

27.13

27.84

28.08

Participating shares outstanding (in millions)

464.0

463.8

463.2

463.3

463.2

(1) Previously described as operating earnings.
(2) Adjusted net earnings attribuable to participating shareholders and adjusted net earnings per participating share are non-IFRS financial measures.
(3) Comparative figures have been adjusted to reflect restructuring charges at Lifeco which have been excluded from adjusted net earnings in 2016.
(4) Comparative figures have been retrospectively adjusted as described in Note 16 of the Corporation's 2016 Consolidated Financial Statements.

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

2016

2015

2014

2013

2012

Consolidated Balance Sheets

         

Cash and cash equivalents

5,182

5,085

4,431

4,767

3,540

Total assets

422,903

422,859

377,781

344,976

271,474

Shareholders’ equity(1)

13,864

13,978

11,931

10,924

9,475

Consolidated Statements of Earnings

         

Revenues

         

Premium income, net

31,125

24,501

21,222

20,236

19,257

Investment income, net

10,335

4,869

13,706

2,752

8,391

Fee income

7,794

7,692

6,990

5,933

5,302

Other revenues

1,496

1,203

711

721

493

 

50,570

38,265

42,629

29,642

33,443

Expenses

         

Total paid or credited to policyholders

34,675

22,842

29,160

17,811

22,875

Commissions

3,590

3,133

2,901

2,590

2,487

Operating and administrative expenses

8,023

7,239

6,066

5,448

4,463

Financing charges

490

480

457

440

445

 

46,778

33,694

38,584

26,289

30,270

 

3,972

4,571

4,045

3,353

3,173

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

(122)

213

215

106

102

Earnings before income taxes

3,850

4,784

4,260

3,459

3,275

Income taxes

587

685

824

670

550

Net earnings

3,263

4,099

3,436

2,789

2,725

Attributable to

         

Non-controlling interests

2,129

2,261

2,109

1,760

1,859

Non-participating shareholders

52

52

52

52

50

Participating shareholders

1,082

1,786

1,275

977

816

 

3,263

4,099

3,436

2,789

2,725

Per share

         

Net earnings attributable to participating shareholders

2.33

3.86

2.77

2.12

1.78

Adjusted net earnings(2)    attributable to participating shareholders(3, 4)

2.64

3.40

2.69

2.08

2.06

Dividends declared on participating shares

1.32

1.22

1.16

1.16

1.16

Book value at year-end(1)

27.84

28.08

23.74

21.61

18.47

Market price (Participating shares)

         

High

31.03

34.57

32.87

32.82

27.42

Low

26.77

27.15

27.60

25.02

21.70

Year-end

30.05

28.94

31.76

31.95

25.38

(1) Comparative figures have been retrospectively adjusted as described in Note 16 to the Corporation's 2016 Consolidated Financial Statements
(2) Previously described as operating earnings.
(3) Adjusted net earnings per share is a non-IFRS financial measures.
(4) Comparative figures have been adjusted to reflect restructuring charges at Lifeco which have been excluded from adjusted net earnings in 2016.

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