Below are the financial statements of Great-West Lifeco, including the income statement and balance sheet for the company's latest fiscal year. All figures are accurate, verifiable, and fully traceable to the original annual filing where disclosed.
| All figures in billions of CAD | 2024 | 2023 |
|---|---|---|
| Insurance revenue | 21.21a | 20.4a |
| Insurance service expenses | -16.37a | -15.78a |
| Net expense from reinsurance contracts | -1.6a | -1.54a |
| Insurance service result | 3.25a | 3.08a |
| Net investment income | 9.68a | 8.86a |
| Changes in fair value on fair value through profit or loss assets | 1.68a | 6.49a |
| Net investment result | 11.36a | 15.35a |
| Net finance income (expenses) from insurance contracts | -5.92a | -9.24a |
| Net finance income (expenses) from reinsurance contracts | -0.01a | 0.22a |
| Changes in investment contract liabilities | -2.93a | -4.81a |
| Net investment result - insurance contracts on account of segregated fund policyholders | 0a | 0a |
| Net investment income (loss) | 6.83a | 4.81a |
| Net finance income (expenses) from insurance contracts | -6.83a | -4.81a |
| Other income and expenses | — | — |
| Fee and other income | 7.22a | 5.87a |
| Operating and administrative expenses | -7.05a | -6.4a |
| Amortization of finite life intangible assets | -0.42a | -0.37a |
| Financing costs | -0.4a | -0.43a |
| Restructuring and integration expenses | -0.12a | -0.23a |
| Earnings before income taxes | 4.98a | 3.07a |
| Income taxes | -0.74a | -0.05a |
| Net earnings from continuing operations before non-controlling interests | 4.24a | 3.02a |
| Attributable to non-controlling interests | 0.1a | 0.02a |
| Net earnings from continuing operations before preferred share dividends | 4.14a | 2.99a |
| Preferred share dividends | 0.13a | 0.13a |
| Net earnings from continuing operations | 4.01a | 2.86a |
| Net loss from discontinued operations | -0.12a | -0.12a |
| Net gain from disposal of discontinued operations | 0.04a | 0a |
| Net earnings - common shareholders | 3.94a | 2.74a |
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