Great-West Lifeco Inc. Website

Great-West Lifeco Inc.

TSX-GWO

Income Statement
Dec '14
Dec '15
Dec '16
Dec '17
Dec '18
Dec '19
Dec '20
Dec '21
Dec '22
Dec '23
LTM

Premiums and Annuity Revenues

24,510

43,019

52,813

19,632

20,402

20,807

Total Interest And Dividend Income

5,799

5,513

6,284

28,212

3,523

6,443

Gain (Loss) on Sale of Investments, Total

7,321

6,239

-1,944

-31,063

6,250

3,266

Other Revenues, Total

7,081

5,902

7,294

13,612

1,068

2,520

Total Revenues

44,711

60,673

64,447

30,393

31,243

33,036

Total Revenues % Chg.

1.6%

35.7%

6.2%

-52.8%

2.8%

14.1%

Policy Benefits

33,091

48,487

50,295

16,105

16,557

16,737

Policy Acquisition / Underwriting Costs, Total

2,429

2,396

2,664

637

702

702

Amortization of Goodwill and Intangible Assets

224

238

336

354

366

382

Selling General & Admin Expenses, Total

5,231

5,492

6,337

5,604

6,402

6,734

Provision For Loan Losses

—

-50

-16

-30

-42

-1

2

Other Operating Expenses

506

480

500

61

62

62

Total Operating Expenses

41,531

57,109

60,162

22,803

24,090

24,615

Operating Income

3,180

3,564

4,285

7,590

7,153

8,421

Interest Expense, Total

-266

-267

-313

-3,324

-3,832

-3,814

Other Non Operating Income (Expenses)

-19

-17

-15

-24

-27

-27

EBT, Excl. Unusual Items

2,895

3,280

3,957

4,242

3,294

4,580

Restructuring Charges

-52

-134

-90

-178

-226

-276

Gain (Loss) on Sale of Assets

—

—

—

—

—

—

—

—

—

—

Asset Writedown

—

—

—

37

-74

—

—

—

—

EBT, Incl. Unusual Items

2,880

3,072

3,867

4,064

3,068

4,304

Income Tax Expense

373

-82

304

394

53

365

Earnings From Continuing Operations

2,507

3,154

3,563

3,670

3,015

3,939

Earnings Of Discontinued Operations

—

—

—

—

—

—

—

—

-32

-124

-105

Minority Interest

-15

-78

-301

88

-23

-94

Net Income

2,492

3,076

3,262

3,726

2,868

3,740

Preferred Dividend and Other Adjustments

133

133

134

130

130

130

Net Income to Common Incl Extra Items

2,359

2,943

3,128

3,596

2,738

3,610

Net Income to Common Excl. Extra Items

2,359

2,943

3,128

3,628

2,862

3,715

Total Shares Outstanding

927.3

927.9

930.6

931.9

932.4

932.1

Weighted Avg. Shares Outstanding

946

927.7

929.5

931.7

931.6

932.2

Weighted Avg. Shares Outstanding Dil

946.5

927.8

931

932.3

933.5

934.7

EPS

2.5

3.2

3.4

3.9

2.9

3.9

EPS Diluted

2.5

3.2

3.4

3.9

2.9

3.9

EBITDA

3,529

3,931

4,740

8,049

7,606

8,890

Effective Tax Rate

13%

-2.7%

7.9%

9.7%

1.7%

8.5%