Power Corporation of Canada (T:POW*CA)

Business Focus: Life & Health Insurance (NEC)

Sector:  Financials Industry:  Life & Health Insurance
 
See Regulatory Filings on SEDAR
Company Contact
Address: 751 Victoria Square
MONTREAL QC H2Y 2J3
Tel: N/A
Website: https://www.powercorporation.com/en
IR: See website
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Key People
Paul Desmarais
Chairman of the Board
Paul Desmarais
Senior Vice President
R. Jeffrey Orr
President, Chief Executive Officer, Director
Andre Roger Desmarais
Deputy Chairman of the Board
Amaury De Seze
Vice Chairman of the Corporation
Michel Plessis-belair
Vice Chairman of the Corporation
Gregory D. Tretiak
Chief Financial Officer, Executive Vice President
Jocelyn Lefebvre
Vice Chairman, Europe
Claude Genereux
Executive Vice President
Olivier A. Desmarais
Senior Vice President
   
Business Overview
Power Corporation of Canada is a management and holding company. The Company provides 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 services 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 throughout North America, Europe and Asia. GBL is a Belgian holding company focused on long-term and sustainable value creation. GBL is indirectly held through Parjointco.
Financial Overview
For the six months ended 30 June 2022, Power Corporation of Canada revenues decreased 36% to C$20.14B. Net income applicable to common stockholders decreased 35% to C$1.01B. Revenues reflect Lifeco segment decrease of 37% to C$18.19B, Alternative asset investment platforms and other segment decrease of 72% to C$280M. Net income also reflects Operating and administrative expenses increase of 88% to C$4.96B (expense).
Employees: 33,700 as of Dec 31, 2021
Reporting Currency: Canadian Dollars
Enterprise value: $31,826M as of Jun 30, 2022
Annual revenue (TTM): $58,202M as of Jun 30, 2022
EBITDA (TTM): $4,787M as of Jun 30, 2022
Net annual income (TTM): $2,372M as of Jun 30, 2022
Free cash flow (TTM): $10,220M as of Jun 30, 2022
Net Debt Last Fiscal Year: $8,467M as of Jun 30, 2022
Shares outstanding: 668,944,232 as of Aug 8, 2022
TTM: Trailing Twelve Months
EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization

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