Great-West Lifeco Income Statement

Financials in millions CAD. Fiscal year is January - December.

Millions CAD. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Net Premiums Earned	22,321	21,214	20,402	19,632	-
Investment Income	2,077	2,499	1,533	2,606	4,310
Total Other Revenues	7,895	7,224	5,874	5,158	7,294
Revenue	32,293	30,937	27,809	27,396	64,417
Revenue Growth (YoY)	4.38%	11.25%	1.51%	-57.47%	6.33%
Insurance Benefits & Claims	18,942	17,967	17,321	16,803	-152,750
Policy Amortization Costs	-	-	-	-	-2,664
Other Operating Expenses	8,277	7,587	6,994	6,136	-7,263
Operating Income	5,074	5,383	3,494	4,457	227,094
Interest Expense	-379	-402	-426	-393	-328
Total Non-Operating Income (Expense)	-379	-402	-426	-393	-328
Pretax Income	4,695	4,981	3,068	4,064	3,867
Provision for Income Taxes	534	737	53	394	304
Net Income	3,960	3,940	2,738	3,596	3,128
Minority Interest in Earnings	41	103	23	-88	301
Net Income Attributable to Preferred Dividends	160	130	130	130	134
Earnings From Discontinued Operations	-	-71	-124	-32	-
Net Income to Common	3,960	3,940	2,738	3,596	3,128
Net Income Growth	0.51%	43.90%	-23.86%	14.96%	6.29%
Shares Outstanding (Basic)	924	932	932	932	929
Shares Outstanding (Diluted)	929	935	934	932	931
Shares Change (YoY)	-0.68%	0.17%	0.13%	0.14%	0.34%
EPS (Basic)	4.29	4.23	2.94	3.86	3.37
EPS (Diluted)	4.26	4.21	2.93	3.86	3.36
EPS Growth	1.19%	43.69%	-24.09%	14.88%	5.93%
Free Cash Flow	2,708	4,751	5,203	3,772	9,403
Free Cash Flow Growth	-43.00%	-8.69%	37.94%	-59.88%	3.00%
Free Cash Flow Per Share	2.92	5.08	5.57	4.05	10.10
Dividends Per Share	2.440	2.220	2.080	1.960	1.804
Dividend Growth	9.91%	6.73%	6.12%	8.65%	2.97%
Operating Margin	15.71%	17.40%	12.56%	16.27%	352.54%
Profit Margin	12.89%	13.72%	10.84%	13.40%	5.06%
FCF Margin	8.39%	15.36%	18.71%	13.77%	14.60%
EBITDA	5,074	5,383	3,494	4,457	227,094
EBIT	5,074	5,383	3,494	4,457	227,094
EBIT Margin	15.71%	17.40%	12.56%	16.27%	352.54%
Effective Tax Rate	11.37%	14.80%	1.73%	9.69%	7.86%

Updated Dec 31, 2025. Data Source: Fiscal.ai. Insurance template. Financial Sources.