TSX:POW 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	105,582
Investment Income	12,971	8,786	13,090	-16,588	10,492
Net Gains on Investments	-1,311	910	-4,430	14,679	-
Total Other Revenues	13,296	11,804	10,167	9,267	11,524
Revenue	47,277	42,714	39,229	26,990	69,561
Revenue Growth (YoY)	10.68%	8.88%	45.35%	-61.20%	7.65%
Insurance Benefits & Claims	17,239	16,368	15,777	15,272	149,444
Policy Amortization Costs	-	-	-	-	3,910
Other Operating Expenses	15,881	14,061	12,758	11,214	10,170
Operating Income	14,157	12,285	10,694	504	-93,963
Interest Expense	-849	-812	-766	-672	-599
Other Non-Operating Income (Expense)	462	376	615	-34	729
Total Non-Operating Income (Expense)	-387	-436	-151	-706	130
Pretax Income	5,276	5,530	3,922	4,354	5,316
Provision for Income Taxes	878	929	263	646	643
Net Income	2,572	2,743	2,195	2,195	2,917
Minority Interest in Earnings	1,771	1,735	1,288	1,429	1,704
Net Income Attributable to Preferred Dividends	55	52	52	52	52
Earnings From Discontinued Operations	-	-71	-124	-32	-
Net Income to Common	2,572	2,743	2,195	2,195	2,917
Net Income Growth	-6.23%	24.97%	-	-24.75%	46.29%
Shares Outstanding (Basic)	636	648	662	671	677
Shares Outstanding (Diluted)	636	652	662	682	682
Shares Change (YoY)	-2.50%	-1.51%	-2.89%	0.01%	5.28%
EPS (Basic)	4.05	4.23	3.45	3.27	4.31
EPS (Diluted)	4.05	4.19	3.45	3.22	4.27
EPS Growth	-3.44%	21.45%	7.14%	-24.59%	38.64%
Shares Outstanding	635.73	644.81	652.25	667.08	676.62
Free Cash Flow	4,155	5,017	4,637	3,450	9,517
Free Cash Flow Growth	-17.18%	8.20%	34.41%	-63.75%	3.09%
Free Cash Flow Per Share	-	7.69	7.00	-	13.96
Dividends Per Share	2.400	2.212	2.070	1.980	1.790
Dividend Growth	8.48%	6.88%	4.54%	10.62%	2.43%
Operating Margin	29.94%	28.76%	27.26%	1.87%	-135.08%
Profit Margin	9.30%	10.61%	9.01%	13.62%	6.72%
FCF Margin	8.79%	11.75%	11.82%	12.78%	13.68%
EBITDA	14,157	12,285	10,694	504	-93,963
EBIT	14,157	12,285	10,694	504	-93,963
EBIT Margin	29.94%	28.76%	27.26%	1.87%	-135.08%
Effective Tax Rate	16.64%	16.80%	6.71%	14.84%	12.10%

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