| |
For the three months ended
|
For the nine months ended
|
|
(In millions of canadian dollars, except per share amounts or as otherwise noted)
(unaudited)
|
Sept. 30
2022
|
June 30
2022
|
Sept. 30
2021
|
Sept. 30
2022
|
Sept. 30
2021
|
|
Total revenues
|
13,424 |
10,142 |
18,584 |
33,567 |
50,086 |
|
Consolidated assets and assets under management (in billions)(1)
|
1,193 |
1,192 |
1,198 |
1,193 |
1,198 |
|
Consolidated assets and assets under administration (in billions)(1)
|
2,623 |
2,582 |
2,447 |
2,623 |
2,447 |
|
Net earnings (attributable to participating shareholders)
|
422 |
527 |
741 |
1,427 |
2,291 |
|
per share — basic
|
0.63 |
0.78 |
1.09 |
2.12 |
3.38 |
|
per share — diluted
|
0.63 |
0.76 |
1.08 |
2.08 |
3.36 |
|
Adjusted net earnings (attributable to participating shareholders)(1)
|
422 |
584 |
748 |
1,521 |
2,554 |
|
per share — basic(2)
|
0.63 |
0.87 |
1.10 |
2.26 |
3.77 |
|
Participating shareholders’ equity
|
22,315 |
22,216 |
23,045 |
22,315 |
23,045 |
|
Book value per participating share
|
33.40 |
33.18 |
34.07 |
33.40 |
34.07 |
|
Adjusted net asset value(1)
|
26,311 |
27,780 |
35,725 |
26,311 |
35,725 |
|
Adjusted net asset value per participating share(2)
|
39.38 |
41.49 |
52.81 |
39.38 |
52.81 |
|
Dividends declared per participating share
|
0.4950 |
0.4950 |
0.4475 |
1.4850 |
1.3425 |
|
Participating shares outstanding (in millions)
|
668.1 |
669.5 |
676.5 |
668.1 |
676.5 |
(1) These measures are non-IFRS measures. Non-IFRS financial measures do not have a standard meaning and may not be comparable to similar measures used by other entities. For definitions, further explanations of uses and reconciliations of such non-IFRS financial measures to measures prescribed by IFRS, refer to the “Non-IFRS Financial Measures” and “Adjusted Net Asset Value” sections of Part A of the Corporation’s Management’s Discussion and Analysis for the interim financial periods ended September 30, 2022 and June 30, 2022, located under the Corporation’s profile on SEDAR at www.sedar.com, which definitions, explanations and reconciliations are incorporated herein by reference.
(2) These measures are non-IFRS ratios. Non-IFRS ratios do not have a standard meaning and may not be comparable to similar measures used by other entities. For definitions or further explanations of uses and reconciliations of such non-IFRS financial measures to measures prescribed by IFRS, refer to the “Non-IFRS Financial Measures” and “Adjusted Net Asset Value” sections of Part A of the Corporation’s Management’s Discussion and Analysis for interim financial periods ended September 30, 2022 and June 30, 2022, located under the Corporation's profile on SEDAR at www.sedar.com, which definitions, explanations and reconciliations are incorporated herein by reference.
|
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 revenues
|
69,561
|
64,616 |
48,841 |
|
Consolidated assets and assets under management (in billions)(1)
|
1,237
|
1,142 |
941 |
|
Consolidated assets and assets under administration (in billions)(1)
|
2,549
|
2,195 |
1,823 |
|
Net earnings (attributable to participating shareholders)
|
2,917
|
1,994 |
1,108 |
|
per share — basic
|
4.31
|
3.08 |
2.53 |
|
per share — diluted
|
4.27
|
3.08 |
2.53 |
|
Adjusted net earnings (attributable to participating shareholders)(1)(2)
|
3,230
|
1,988 |
1,275 |
|
per share — basic(2)(3)
|
4.77
|
3.07 |
2.92 |
| Consolidated assets |
661,633
|
629,104 |
477,250 |
| Total financial liabilities |
44,269
|
38,275 |
26,355 |
| Debentures and other debt instruments |
13,180
|
14,055 |
9,938 |
| Non-participating shares |
954
|
956 |
960 |
| Participating shareholders' equity |
23,385
|
21,251 |
13,214 |
| Book value per participating share |
34.56
|
31.38 |
30.98 |
|
Adjusted net asset value(1)
|
35,587
|
27,951 |
19,183 |
| Adjusted net asset value per participating share(3) |
52.60
|
41.27 |
44.98 |
|
Dividends declared on participating share(4)
|
1.8375
|
1.7900 |
2.0020 |
|
Number of participating shares outstanding (in millions)
|
|
|
|
|
Participating preferred shares
|
54.9
|
54.9 |
48.9 |
|
Subordinate voting shares
|
621.8
|
622.4 |
377.6 |
(1) These measures are non-IFRS measures. Non-IFRS financial measures do not have a standard meaning and may not be comparable to similar measures used by other entities. For definitions, further explanations of uses and reconciliations of such non-IFRS financial measures to measures prescribed by IFRS, refer to the “Non-IFRS Financial Measures” and “Adjusted Net Asset Value” sections of Part A of the Corporation’s Management’s Discussion and Analysis for the financial year ended December 31, 2021, located under the Corporation’s profile on SEDAR at www.sedar.com, which definitions, explanations and reconciliations are incorporated herein by reference.
(2) Effective the first quarter of 2020, the Corporation introduced a modified definition of its non-IFRS earnings measure, adjusted net earnings. This change is consistent with the introduction of base earnings by Lifeco which was introduced in the first quarter of 2020 to reflect management's view of the operating performance of Lifeco. Refer to the “Non-IFRS Financial Measures” section of Part A of the Corporation’s Management’s Discussion and Analysis for the financial year ended December 31, 2021, located under the Corporation’s profile on SEDAR at www.sedar.com, which definition is incorporated herein by reference. The comparative periods have been restated to reflect the introduction of this modified measure.
(3) These measures are non-IFRS ratios. Non-IFRS financial ratios do not have a standard meaning and may not be comparable to similar measures used by other entities. For definitions, further explanations of uses and reconciliations of such non-IFRS financial measures to measures prescribed by IFRS, refer to the “Non-IFRS Financial Measures” and “Adjusted Net Asset Value” sections of Part A of the Corporation’s Management’s Discussion and Analysis for the financial year ended December 31, 2021, located under the Corporation’s profile on SEDAR at www.sedar.com, which definitions, explanations and reconciliations are incorporated herein by reference.
(4) 2019 includes the dividend declared by the Corporation on December 12, 2019, as part of the Reorganization.
