Great-West Lifeco Cash Flow Statement

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

Millions CAD. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar '26 Mar 31, 2026	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
Other Adjustments	4,291	-384	3,382	-2,078	35,153	6,229
Changes in Reinsurance Contract Assets	449	292	624	-475	6,782	2,676
Changes in Claims Reserves	2,985	5,144	5,751	9,486	-26,587	1,735
Changes in Other Operating Activities	-3,095	-3,516	-4,769	-233	-11,462	-72
Operating Cash Flow	4,982	2,708	4,751	5,203	3,772	10,373
Operating Cash Flow Growth	15.03%	-43.00%	-8.69%	37.94%	-63.64%	7.94%
Capital Expenditures	-	-	-	-	-	-970
Sale of Property, Plant & Equipment	-	-	-	-	-	40
Purchases of Investments	-	-	-	-	-	-46,816
Proceeds from Sale of Investments	-	-	-	-	-	36,850
Payments for Business Acquisitions	-	-	-76	-563	-2,155	-380
Proceeds from Business Divestments	-	-	-211	-	-	-
Other Investing Activities	-80	-56	-121	-223	-63	64
Investing Cash Flow	-49	-56	-408	-786	-2,218	-11,212
Short-Term Debt Issued	-	-	-	61	1,096	63
Short-Term Debt Repaid	138	138	-	-734	-495	-827
Net Short-Term Debt Issued (Repaid)	138	138	-	-673	601	-764
Long-Term Debt Issued	-	-	-	-	696	1,500
Long-Term Debt Repaid	-	-689	-	-735	-	-
Net Long-Term Debt Issued (Repaid)	-	-689	-	-735	696	1,500
Issuance of Common Stock	93	99	88	158	43	97
Repurchase of Common Stock	-2,118	-1,653	-114	-233	-	-
Net Common Stock Issued (Repurchased)	-2,025	-1,554	-26	-75	43	97
Issuance of Preferred Stock	-	200	-	-	-	200
Repurchase of Preferred Stock	-	-	-	-	-	-194
Net Preferred Stock Issued (Repurchased)	-	200	-	-	-	6
Common Dividends Paid	-2,288	-2,253	-2,069	-1,937	-1,826	-1,677
Preferred Share Dividends Paid	-165	-160	-130	-130	-130	-134
Other Financing Activities	-	-4	-	-	-4	-20
Financing Cash Flow	-4,833	-4,322	-2,285	-3,550	-620	-992
Effect of Exchange Rate Changes on Cash and Cash Equivalents	-155	-137	534	-40	281	-40
Net Cash Flow	-86	-1,807	2,592	827	1,215	-1,871
Free Cash Flow	4,982	2,708	4,751	5,203	3,772	9,403
Free Cash Flow Growth	83.97%	-43.00%	-8.69%	37.94%	-59.88%	3.00%
FCF Margin	15.17%	8.39%	15.36%	18.71%	13.77%	14.60%
Free Cash Flow Per Share	5.40	2.92	5.08	5.57	4.05	10.10
Levered Free Cash Flow	1,784	185	-205	622	213	5,498
Unlevered Free Cash Flow	2,246	1,273	441.52	2,726	-655.1	210,875

Updated May 6, 2026. Data Source: Fiscal.ai. Insurance template. Financial Sources.