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
2016

June 30
2016

Sept. 30
2015

December 31
2015

December 31
2014

Revenues

14,503

13,879

9,839

38,265

42,629

Operating earnings attributable to participating shareholders(1)

304

306

484

1,573

1,238

Operating earnings per participating share(1)

0.65

0.66

1.04

3.40

2.69

Net earnings attributable to participating shareholders

303

272

508

1,786

1,275

Net earnings per participating share

0.65

0.59

1.09

3.86

2.77

Dividends declared per participating share

0.335

0.335

0.3113

1.22

1.16

Consolidated assets

424,926

413,108

412,281

422,859

377,781

Shareholders' equity

13,587

13,161

13,525

14,028

11,981

Book value per participating share

27.24

26.32

27.11

28.19

23.85

Participating shares outstanding (in millions)

463.2

463.2

463.1

463.2

461.5

(1) Operating earnings attribuable to participating shareholders and operating earnings per participating share are non-IFRS financial measures.

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

2015

2014

2013

2012

2011(1)

Consolidated Balance Sheets

         

Cash and cash equivalents

5,085

4,431

4,767

3,540

3,741

Total assets

422,859

377,781

344,976

271,474

255,496

Shareholders’ equity

14,028

11,981

10,974

9,525

9,825

Consolidated Statements of Earnings

         

Revenues

         

Premium income, net

24,501

21,222

20,236

19,257

17,293

Investment income, net

4,869

13,706

2,752

8,391

9,874

Fee income

7,692

6,990

5,933

5,302

5,343

Other revenues

1,203

711

721

493

402

 

38,265

42,629

29,642

33,443

32,912

Expenses

         

Total paid or credited to policyholders

22,842

29,160

17,811

22,875

23,043

Commissions

3,133

2,901

2,590

2,487

2,312

Operating and administrative expenses

7,239

6,066

5,448

4,463

3,501

Financing charges

480

457

440

445

443

 

33,694

38,584

26,289

30,270

29,299

 

4,571

4,045

3,353

3,173

3,613

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

213

215

106

102

(20)

Earnings before income taxes – continuing operations

4,784

4,260

3,459

3,275

3,593

Income taxes

685

824

670

550

711

Net earnings – continuing operations

4,099

3,436

2,789

2,725

2,882

Net earnings – discontinued operations

63

Net earnings

4,099

3,436

2,789

2,725

2,945

Attributable to

         

Non-controlling interests

2,261

2,109

1,760

1,859

1,829

Non-participating shareholders

52

52

52

50

41

Participating shareholders

1,786

1,275

977

816

1,075

 

4,099

3,436

2,789

2,725

2,945

Per share

         

Operating earnings attributable to participating shareholders(2)

3.40

2.69

2.08

2.06

2.50

Net earnings attributable to participating shareholders from discontinued operations

0.05

Net earnings attributable to participating shareholders

3.86

2.77

2.12

1.78

2.34

Dividends declared on participating shares

1.22

1.16

1.16

1.16

1.16

Book value at year-end

28.19

23.85

21.72

18.58

19.67

Market price (Participating Shares)

         

High

34.57

32.87

32.82

27.42

29.50

Low

27.15

27.60

25.02

21.70

20.90

Year-end

28.94

31.76

31.95

25.38

23.82

(1) The 2011 figures have not been adjusted to reflect current year reclassifications and new revised IFRS adopted on January 1, 2013.
(2) Operating earnings per share is a non-IFRS financial measure.

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