Great-West Lifeco Inc. (TSX: GWO)

Great-West Lifeco Balance Sheet

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

Year Ending	TTM	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Investments in Debt Securities	11,774	11,750	12,701	36,799	34,700	29,082
Investments in Equity & Preferred Securities	2,059	843	638	914	665	623
Policy Loans	-	-	-	8,319	8,387	8,601
Total Investments	223,167	222,274	219,004	201,607	192,096	165,448
Cash & Equivalents	7,708	7,053	6,411	4,772	5,060	4,054
Reinsurance Recoverable	17,407	17,332	17,571	21,138	22,121	20,707
Other Receivables	7,014	6,984	6,369	7,067	6,651	6,522
Separate Account Assets	449,323	422,956	387,882	357,419	334,032	231,022
Gross Property, Plant & Equipment	-	-	-	1,894	1,873	1,834
Accumulated Depreciation	-	-	-	-347	-269	-186
Net Property, Plant & Equipment	1,068	1,374	1,494	1,547	1,604	1,648
Goodwill	11,314	11,249	10,611	9,081	10,106	6,505
Other Intangible Assets	4,493	4,484	6,230	5,514	4,285	3,879
Other Current Assets	1,869	6,646	2,347	883	613	367
Deferred Long-Term Tax Assets	1,856	1,848	1,470	1,057	975	693
Other Long-Term Assets	11,503	9,428	11,015	18,485	19,443	9,153
Total Assets	736,722	713,230	672,206	630,488	600,490	451,167
Accounts Payable	2,819	3,216	2,758	3,032	2,698	3,352
Insurance & Annuity Liabilities	145,018	144,388	135,438	208,378	208,902	174,521
Reinsurance Payable	679	648	537	1,542	1,648	1,433
Current Portion of Leases	-	61	79	83	88	83
Long-Term Leases	-	300	428	439	480	502
Separate Account Liability	449,323	422,956	387,882	357,419	334,032	231,022
Current Income Taxes Payable	222	137	152	193	343	461
Other Current Liabilities	1,559	11,780	8,041	4,861	3,381	3,206
Deferred Long-Term Tax Liabilities	693	787	773	1,089	646	1,116
Other Long-Term Liabilities	97,111	88,980	95,684	12,455	9,145	1,656
Total Liabilities	706,483	683,379	643,411	600,005	573,475	425,624
Common Stock	6,022	6,000	5,791	5,748	5,651	5,633
Additional Paid-In Capital	203	234	209	192	186	175
Retained Earnings	15,926	15,492	14,976	16,424	14,990	13,660
Comprensive Income & Other	2,427	2,390	2,213	2,132	487	495
Total Common Equity	24,578	24,116	23,189	24,496	21,314	19,963
Minority Interest	2,941	3,015	2,886	3,267	2,987	2,866
Shareholders' Equity	30,239	29,851	28,795	30,483	27,015	25,543
Total Liabilities & Equity	736,722	713,230	672,206	630,488	600,490	451,167
Total Debt	9,059	9,650	11,290	9,733	10,705	6,957
Net Cash / Debt	-1,351	-2,597	-4,879	-4,961	-5,645	-2,903
Net Cash Per Share	-1.45	-2.78	-5.23	-5.33	-6.08	-3.07
Book Value Per Share	26.35	25.86	24.88	26.32	22.97	21.53
Tangible Book Value	8,771	8,383	6,348	9,901	6,923	9,579
Tangible Book Value Per Share	9.40	8.99	6.81	10.64	7.46	10.33

Source: S&P Capital IQ. Insurance template.