Power Corporation Snapshot

Power Corporation is an international management and holding company that focuses on financial services in North America, Europe and Asia. Its core holdings are leading insurance, retirement, wealth management and investment businesses, including a portfolio of alternative asset investment platforms.

Power Corporation is listed on the Toronto Stock Exchange
(TSX: POW; POW.PR.E).

Highlights

Q1 2022 Key Metrics

$26.1
billion
Market capitalization(1)
$49.92
Adjusted net asset value per share(2)
5.1%
Dividend yield(3)
$33.32
Book value per participating share(4)

2021 Annual Financial Highlights

$2.9billion
Net earnings(5)
46% YoY
$3.2billion
Adjusted net earnings(5)(6)
62% YoY
$4.31
Net earnings per share(5)
40% YoY
$4.77
Adjusted net earnings per share(2)(5)
55% YoY
$1.8375
Dividends declared per share(5)
$2.5trillion
Consolidated assets and assets under administration(6)
$662billion
Consolidated assets

Power and its group companies

Investing in our Communities

Communities

$45
million
in charitable contributions
Approximately
2,000
community organizations supported across Canada
$4.2
billion
in goods and services, and taxes paid to various levels of government
  1. The description of market capitalization can be found under the section Other Measures in the most recent MD&A or the 2021 Annual MD&A.
  2. Non-IFRS ratio. Please refer to the definition and reconciliation in the section Non-IFRS Financial Measures in the most recent MD&A or the 2021 Annual MD&A.
  3. Dividend yield is calculated as the annualized dividend based on the dividend declared on March 17 in the first quarter of 2022 divided by the March 31, 2022 share price.
  4. The description of book value per participating share can be found under the section Other Measures in the most recent MD&A or the 2021 Annual MD&A.
  5. Attributable to participating shareholders.
  6. Non-IFRS financial measure. Please refer to the definition and reconciliation in the section Non-IFRS Financial Measures in the most recent MD&A or the 2021 Annual MD&A.

Key principles

  • Long-term perspective
  • Leading franchises with attractive growth profiles
  • Strong governance oversight
  • Prudent approach to risk management

Value creation focused on three key levers

1

OpCo organic

Organic growth strategies at our publicly traded operating companies: Great-West Lifeco, IGM & GBL

  • Capitalize on significant past investments to drive higher organic earnings growth
  • Enhance communications to provide greater visibility of earnings to the market
2

OpCo M&A

Deployment
and redeployment
of capital

  • Augment earnings and value through acquisitions and associated synergies
  • Exit businesses that do not meet return thresholds
3

Power Company Level

Actions we can take at Power Corporation

  • Create value through investment platforms
  • Create and realize value from standalone businesses
  • Return capital to shareholders
  • Enhance communications to allow the market to measure value creation

Publicly Traded Operating Companies


Great-West Lifeco is an international financial services holding company with interests in life insurance, health insurance, retirement and investment services, asset management and reinsurance businesses operating in Canada, the United States and Europe.

Q1 2022 Key Metrics

$34.3
billion
Market capitalization
$2.2
trillion
Total assets under administration(1)
$600
billion
Consolidated assets

2021 Annual Financial Highlights

$3.1
billion
Net earnings(2)
$3.3
billion
Base earnings(1)(2)
14.0%
Return on equity(2)(3)

$47.3
billion
net policyholder benefits, dividends and experience refunds paid to customers
$33
million+
customer relationships
215,000
advisor relationships
28,000+
employees

Leadership across geographies


Canada

37% of 2021
base earnings(1)(2)

Leaderin insurance and wealth management products and services

#1 in group life and health(4)

#2 in group retirement(4)

#3 in individual life insurance(4)

#2 in segregated funds(5)

Multiple, complementary and diverse distribution channels


U.S.

21% of 2021
base earnings(1)(2)

empower: #2 Defined contribution recordkeeper(6)

Putnam: DIVERSIFIED GLOBAL asset management platform


  
Europe

25% of 2021
base earnings(1)(2)

UK: STRONG POSITIONin group insurance and retirement income solutions

Ireland: Leading life assurance and pension provider

Germany: FAST-GROWING position in unit-linked pension savings broker-sold market


Capital & Risk solutions

17% of 2021
base earnings(1)(2)

top 8 global reinsurer(7)

top 3 life reinsurer(7)

top 2 reinsurer in the u.s. for structured life reinsurance(8)

leading provider in the evolving european structured life reinsurance maket

leading provider of u.k. and other european annuity/longevity reinsurance


  1. Base earnings and assets under administration are identified as non-GAAP financial measures by Lifeco. Refer to the definition and reconciliation in the section “Non-GAAP Financial Measures and Ratios” in Lifeco’s most recent MD&A or its Annual MD&A.
  2. Attributable to common shareholders.
  3. The description of return on equity can be found under “Glossary” in Lifeco’s most recent MD&A or its Annual MD&A.
  4. LIMRA, 2021 results.
  5. Strategic Insights (Investor Economics) full-year 2021 results, based on sales.
  6. Based on Pensions & Investments DC Recordkeeper Survey 2021 (data as of April 2021).
  7. AM Best August 31, 2021 - Ranked by gross premium written in 2020.
  8. NMG Consulting, 2021 biennial US Structured Financial Solutions Survey.

IGM Financial is a leading diversified wealth and asset management company providing a broad range of financial planning and investment management services to help more than two million Canadians meet their financial goals.

Q1 2022 Key Metrics

$10.6
billion
Market capitalization
$268.3
billion
Total assets under management and advisement(1)

2021 Annual Financial Highlights

$979
million
Net earnings(2)
$971
million
Adjusted net earnings(2)(3)
16.5%
Return on equity(2)

1million+
IG Wealth Management clients
30,000+
external advisors serving more than 1 million Mackenzie clients
198,000
Investment Planning Counsel clients
3,800+
employees across the IGM family of companies

Components of value


Wealth Management

56% of 2021 adjusted net earnings(2)(3)

Leading financial services company in Canada

Integrated personal financial services company


Asset
Management

25% of 2021 adjusted net earnings(2)(3)

Leading investment management firm in Canada


Strategic Investments

19% of 2021 adjusted net earnings(2)(3)


  1. The description of assets under management and advisement for IGM can be found under the section Other Measures in Power Corporation’s most recent MD&A or its 2021 Annual MD&A.
  2. Available to common shareholders.
  3. Adjusted net earnings is identified as a non-IFRS financial measure by IGM. Refer to the definition and reconciliation in the section “Non-IFRS Financial Measures and Other Financial Measures” in IGM’s most recent MD&A or its Annual MD&A.
  4. IGM and Power Corporation each hold an interest of 13.9% in ChinaAMC. ChinaAMC’s total assets under management, excluding subsidiary assets under management, were RMB¥1,662 billion (C$331 billion) at December 31, 2021. On January 5, 2022, Power Corporation and IGM announced an agreement in which IGM will acquire Power Corporation’s 13.9% interest held in ChinaAMC.

Groupe Bruxelles Lambert (GBL) is a leading investor in Europe, focused on long-term value creation with a diversified high-quality portfolio composed of global companies, public and private, that are leaders in their sector.

Q1 2022 Statistics

14.7
billion
Market capitalization
Net asset value(1)
GBL Total:
21.3
billion
Power’s stake:
3.1
billion
Total investment by Power Financial since inception:
$574
million
Dividends received by Power Financial since 1987:
$1.5
billion
25+years
of formal partnership between the Desmarais and Frère families

A diversified portfolio offering growth and resilience

  1. The description of net asset value reported by GBL can be found under the section Other Measures in Power Corporation’s most recent MD&A or its 2021 Annual MD&A.
  2. Percentage of portfolio value shown; ownership in parentheses.

Alternative asset investment platforms

Power Corporation is creating alternative asset management businesses, building upon the investment capabilities that have been created over many years in several high-growth asset classes.


Sagard is a multi-strategy alternative asset manager with professionals principally located in Canada, the U.S. and Europe.

Asset classes:

  • Private equity
  • Venture capital
  • Private credit
  • Healthcare royalties
  • Real estate
$16.4
billion
Assets under management(1)(2)(3)
91%
of assets under management from 3rd-party and associates
  1. As at March 31, 2022.
  2. Includes unfunded commitments and excludes standalone businesses and assets under management of Sagard’s wealth management business.
  3. The description of assets under management of alternative asset investment platforms can be found under the section Other Measures in Power Corporation’s most recent MD&A or its 2021 Annual MD&A.

Power Sustainable is a pure-play sustainable investment manager with offices in Canada, China, and the U.S.

Platforms:

  • Power Sustainable China:
    • Invests in mainland China’s public equity markets.
  • Power Sustainable Energy Infrastructure:
    • Invests in the development, construction, and operation of renewable energy infrasctructure assets across North America.
$2.6
billion
Assets under management(1)(2)
38%
of assets under management from 3rd-party and associates
  1. As at March 31, 2022.
  2. Includes unfunded commitments and excludes standalone businesses.
Scroll To Top
X