Great-West Lifeco Inc. (GWLIF)

Great-West Lifeco Balance Sheet

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

Fiscal Year	TTM	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019
Period Ending	Sep 30, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Investments in Debt Securities	12,199	11,750	12,701	36,799	34,700	29,082
Investments in Equity & Preferred Securities	1,841	843	638	914	665	623
Policy Loans	-	-	-	8,319	8,387	8,601
Total Investments	231,609	222,274	219,004	201,607	192,096	165,448
Cash & Equivalents	8,887	7,053	6,411	4,772	5,060	4,054
Reinsurance Recoverable	17,843	17,332	17,571	21,138	22,121	20,707
Other Receivables	7,120	6,984	6,369	7,067	6,651	6,522
Deferred Policy Acquisition Cost	-	913	923	615	618	595
Separate Account Assets	481,856	422,956	387,882	357,419	334,032	231,022
Property, Plant & Equipment	1,098	1,374	1,494	1,547	1,604	1,648
Goodwill	11,160	11,249	10,611	9,081	10,106	6,505
Other Intangible Assets	4,812	4,484	6,230	5,514	4,285	3,879
Restricted Cash	-	689	879	1,303	2,886	574
Other Current Assets	1,930	6,646	2,347	883	613	367
Long-Term Deferred Tax Assets	1,824	1,848	1,470	1,057	975	693
Other Long-Term Assets	11,602	9,428	11,015	18,485	19,443	9,153
Total Assets	779,741	713,230	672,206	630,488	600,490	451,167
Accounts Payable	3,193	3,216	2,758	3,032	2,698	3,352
Insurance & Annuity Liabilities	153,349	144,388	135,438	208,378	208,902	174,521
Reinsurance Payable	830	648	537	1,542	1,648	1,433
Current Portion of Long-Term Debt	-	-	-	-	-	500
Current Portion of Leases	-	61	79	83	88	83
Short-Term Debt	-	435	1,151	593	1,414	808
Current Income Taxes Payable	262	137	152	193	343	461
Long-Term Debt	9,112	8,854	9,632	8,618	8,723	5,064
Long-Term Leases	-	300	428	439	480	502
Long-Term Deferred Tax Liabilities	777	787	773	1,089	646	1,116
Separate Account Liability	481,856	422,956	387,882	357,419	334,032	231,022
Other Current Liabilities	1,516	11,780	8,041	4,861	3,381	3,206
Other Long-Term Liabilities	97,535	88,980	95,684	12,455	9,145	1,656
Total Liabilities	748,430	683,379	643,411	600,005	573,475	425,624
Preferred Stock, Redeemable	2,720	2,720	2,720	2,720	2,714	2,714
Common Stock	6,037	6,000	5,791	5,748	5,651	5,633
Additional Paid-In Capital	206	234	209	192	186	175
Retained Earnings	16,666	15,492	14,976	16,424	14,990	13,660
Comprehensive Income & Other	2,594	2,390	2,213	2,132	487	495
Total Common Equity	25,503	24,116	23,189	24,496	21,314	19,963
Minority Interest	3,088	3,015	2,886	3,267	2,987	2,866
Shareholders' Equity	31,311	29,851	28,795	30,483	27,015	25,543
Total Liabilities & Equity	779,741	713,230	672,206	630,488	600,490	451,167
Filing Date Shares Outstanding	931.2	932.43	931.85	930.62	927.85	927.28
Total Common Shares Outstanding	931.2	932.43	931.85	930.62	927.85	927.28
Total Debt	9,112	9,650	11,290	9,733	10,705	6,957
Net Cash (Debt)	-225	-2,597	-4,879	-4,961	-5,645	-2,903
Net Cash Per Share	-0.24	-2.78	-5.23	-5.33	-6.08	-3.07
Book Value Per Share	27.39	25.86	24.88	26.32	22.97	21.53
Tangible Book Value	9,531	8,383	6,348	9,901	6,923	9,579
Tangible Book Value Per Share	10.24	8.99	6.81	10.64	7.46	10.33

Source: S&P Capital IQ. Insurance template. Financial Sources.