Supplemental Information Package For Analysts and Investors (Unaudited)
Q4 2021
Q4 2021 Quarterly Information Package
Cautionary Note regarding Non-GAAP Financial Measures and Ratios
This document contains some non-GAAP financial measures and non-GAAP ratios as defined in National Instrument 52-112"Non-GAAP and Other Financial Measures Disclosure". Terms by which non-GAAP financial measures are identified include, but are not limited to, "base earnings (loss)", "premiums and deposits", "assets under management" and "assets under administration". Terms by which non-GAAP ratios are identified include, but are not limited to, "base earnings per common share (EPS)" and "base return on equity (ROE)". Non-GAAP financial measures and ratios are used to provide management and investors with additional measures of performance to help assess results where no comparable GAAP (IFRS) measure exists. However, non-GAAP financial measures and ratios do not have standard meanings prescribed by GAAP (IFRS) and are not directly comparable to similar measures used by other companies. Additional information regarding these non-GAAP financial measures and non-GAAP financial ratios has been incorporated by reference and can be found in the Non-GAAP Financial Measures and Ratios section of the Company's 2021 Annual Management's Discussion and Analysis (MD&A), available for review on SEDAR at www.sedar.com.
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Q4 2021 Quarterly Information Package
Table of Contents
Overview | 3 | United States | 40 |
Consolidated Statements of Net Earnings | 41 | ||
Great-West Lifeco Inc. | 4 | Financial Services Consolidated Statements of Net Earnings | 42 |
Lifeco Financial Highlights | 5 | Reinsured Insurance & Annuity Business | 43 |
Lifeco Common Shareholder Net Earnings | 6 | Empower | 44 |
Lifeco Base Earnings | 7 | Personal Capital | 45 |
Lifeco - Reconciliation of Earnings | 8 | U.S. Other | 46 |
Canada - Reconciliation of Earnings | 9 | Empower Participants and Assets Under Administration | 47 |
U.S. - Reconciliation of Earnings | 10 | Asset Management Statements of Net Earnings | 48 |
Europe - Reconciliation of Earnings | 11 | Asset Management Assets Under Management | 49 |
Capital and Risk Solutions - Reconciliation of Earnings | 12 | Participating Account Statements of Net Earnings | 50 |
Lifeco Corporate - Reconciliation of Earnings | 13 | Corporate Statements of Net Earnings | 51 |
Currency Translation Rates | 14 | U.S. Balance Sheets | 52 |
Financial Strength - Credit Ratings | 15 | ||
Lifeco Common Shares Outstanding | 16 | Europe | 53 |
Lifeco Financial Ratio Highlights | 17 | Consolidated Statements of Net Earnings | 54 |
The Canada Life Assurance Company - OSFI Regulatory Capital - 2021 vs. 2020 | 18 | U.K. Statements of Net Earnings | 55 |
The Canada Life Assurance Company - LICAT | 19 | Ireland Statements of Net Earnings | 56 |
Germany Statements of Net Earnings | 57 | ||
Lifeco | Participating Account Statements of Net Earnings | 58 | |
Capital Structure | 20 | Corporate Statements of Net Earnings | 59 |
Statements of Net Earnings | 21 | Europe Balance Sheets | 60 |
Balance Sheets | 22 | ||
Supplemental Balance Sheet Information | 23 | Capital and Risk Solutions | 61 |
Impaired Loans and Credit Losses | 24 | Consolidated Statements of Net Earnings | 62 |
Cash Flow Statements | 25 | Reinsurance Statements of Net Earnings | 63 |
Statements of Accumulated and Contributed Surplus | 26 | Participating Account Statements of Net Earnings | 64 |
Reconciliation of Accumulated Other Comprehensive Income | 27 | Corporate Statements of Net Earnings | 65 |
Sales | 28 | Capital and Risk Solutions Balance Sheets | 66 |
Premiums & Deposits | 29 | ||
Fee and Other Income | 30 | Lifeco Corporate Statements of Net Earnings | 67 |
Operating and Administrative and Investment Expenses | 31 | ||
Lifeco Consolidated Source of Earnings | 68 | ||
Canada | 32 | Canada Consolidated Source of Earnings | 69 |
Consolidated Statements of Net Earnings | 33 | U.S. Consolidated Source of Earnings | 70 |
Individual Customer Statements of Net Earnings | 34 | Putnam Source of Earnings | 71 |
Group Customer Statements of Net Earnings | 35 | Europe Consolidated Source of Earnings | 72 |
Canada Wealth Assets Under Administration | 36 | Capital and Risk Solutions Consolidated Source of Earnings | 73 |
Participating Account Statements of Net Earnings | 37 | Corporate Consolidated Source of Earnings | 74 |
Corporate Statements of Net Earnings | 38 | ||
Canada Balance Sheets | 39 |
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Q4 2021 Quarterly Information Package
Lifeco Overview
Great-West Lifeco Inc. (GWO, Lifeco or the Company) is a financial services holding company with interests in the life insurance, health insurance, retirement savings, investment management, and reinsurance businesses, primarily in Canada, the United States, and Europe through its operating subsidiaries including The Canada Life Assurance Company, Great-West Life & Annuity Insurance Company, Putnam Investments, LLC and Irish Life Group Limited. Lifeco is a member of the Power Corporation group of companies.
Investor Relations Contact Information | |
David McCarthy | Deirdre Neary |
Executive Vice-President & Deputy Chief Financial Officer | Assistant Vice-President, Investor Relations |
Great-West Lifeco Inc. | Great-West Lifeco Inc. |
330 University Avenue | 330 University Avenue |
Toronto, ON M5G 1R8 | Toronto, ON M5G 1R8 |
Tel: (416) 552-3822 | Tel: (416) 552-3208 |
E-mail: david.mccarthy@canadalife.com | E-mail: deirdre.neary@canadalife.com |
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Great-West Lifeco Inc.
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Great-West Lifeco Inc. published this content on 10 February 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 10 February 2022 00:28:00 UTC.