Power Corporation of Canada (T:POW*CA)
Business Focus: Life & Health Insurance (NEC)
| Sector: Financials | Industry: Life & Health Insurance |
| Company Contact | |
| Address: | 751 Victoria Square MONTREAL QC H2Y 2J3 |
| Tel: | N/A |
| Website: | https://www.powercorporation.com/en |
| IR: | See website |
| Key People | ||
| Paul Desmarais Chairman of the Board | Paul C. Genest Senior Vice President | R. Jeffrey Orr President, Chief Executive Officer, Director |
| Andre Roger Desmarais Deputy Chairman of the Board | Michel Plessis-belair Vice Chairman of the Corporation | Jake Lawrence Chief Financial Officer, Executive Vice President |
| Jocelyn Lefebvre Vice Chairman, Europe | Claude Genereux Executive Vice President | Olivier A. Desmarais Senior Vice President of the Corporation and Chairman and Chief Executive Officer of Power Sustainable | Paul Desmarais Senior Vice President of the Corporation, Chairman and Chief Executive Officer of Sagard Holdings |
| Business Overview |
| Power Corporation of Canada is a Canada-based international management and holding company. The Company is focused on providing financial services in North America, Europe, and Asia. Its core holdings include insurance, retirement, wealth management and investment businesses, including a portfolio of alternative asset investment platforms. The Company operates through three segments: Lifeco, IGM Financial and GBL. Lifeco is a financial service holding company with interests in life insurance, health insurance, retirement and investment management services, asset management and reinsurance businesses primarily in Canada, the United States and Europe. IGM Financial is a wealth and asset management company supporting financial advisors and the clients they serve in Canada, and institutional investors through North America, Europe, and Asia. GBL is a Belgian holding company, which is focused on long-term and sustainable value creation. |
| Financial Overview |
| For the fiscal year ended 31 December 2023, Power Corporation of Canada revenues increased 4% to C$22.2B. Net income applicable to common stockholders excluding extraordinary items increased 4% to C$2.32B. Revenues reflect Lifeco segment increase from C$1.36B to C$41.62B, Alternative asset investment platforms and other segment increase of 88% to C$1.37B, Canada segment increase from C$6.55B to C$21.29B. |
| Employees: | 37,300 as of Dec 31, 2022 |
| Reporting Currency: | Canadian Dollars |
| Enterprise value: | $34,104M as of Dec 31, 2023 |
| Annual revenue (TTM): | $17,861M as of Dec 31, 2023 |
| EBITDA (TTM): | -$9,130M as of Dec 31, 2023 |
| Net annual income (TTM): | $2,319M as of Dec 31, 2023 |
| Free cash flow (TTM): | $3,336M as of Dec 31, 2023 |
| Net Debt Last Fiscal Year: | $10,023M as of Dec 31, 2023 |
| Shares outstanding: | 649,970,456 as of Apr 3, 2024 |
| TTM: Trailing Twelve Months EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization | |
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