Overview
Power Financial Corporation
Power Financial gets a charge out of insurance and investments. The holding company seeks controlling stakes in financial services companies in the US, the UK, and Canada. Core investments include 68%-owned Great-West Lifeco (subsidiaries include Great-West Life Assurance, Canada Life, and London Life Insurance, leading providers of insurance in Canada). Lifeco's US subsidiary, Great-West Life & Annuity Insurance, provides employee benefits
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Read More and retirement plans. Boston-based fund manager Putnam Investments is also part of the family. Power Financial owns about half of IGM Financial, which owns Investors Group and Mackenzie Financial, distributors of mutual funds and other investment products and services.
Read Less
Read More and retirement plans. Boston-based fund manager Putnam Investments is also part of the family. Power Financial owns about half of IGM Financial, which owns Investors Group and Mackenzie Financial, distributors of mutual funds and other investment products and services.
Read Less
R. Jeffrey Orr
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Management of Companies and Enterprises
,
Insurance Carriers
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Insurance and Employee Benefit Funds
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Agencies, Brokerages, and Other Insurance Related Activities
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Depository Credit Intermediation
See All Industries , Office Administrative Services , Other Financial Investment Activities , Investment holding companies, except banks , Life insurance , Mutual association life insurance , Mutual accident and health associations , Pension funds , Credit and other financial responsibility insurance , Insurance agents, nec , National trust companies with deposits, commercial , Financial management for business , Investment advisory service Bank holding companies
See Fewer Industries
See All Industries , Office Administrative Services , Other Financial Investment Activities , Investment holding companies, except banks , Life insurance , Mutual association life insurance , Mutual accident and health associations , Pension funds , Credit and other financial responsibility insurance , Insurance agents, nec , National trust companies with deposits, commercial , Financial management for business , Investment advisory service Bank holding companies
See Fewer Industries
751 rue du Square-Victoria Montréal, QC, H2Y 2J3 Canada
See other locations
(514) 286-7430
1,000
28,400
Actual
28,400
Actual
$35.90 billion
Actual
1.65%
-11.75%
$354,012
DEC
1940
1940
Toronto:PWF.PR.A
5.0
2.74
2.74
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Contacts
Get in Touch with 9 Principals* and 4 Contacts
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R. Jeffrey OrrPresident
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Gregory D TretikExecutive Vice President and Chief Financial Officer
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Denis Le VasseurVice President
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Stéphane LemayVice President and Secretary
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Financial Statements
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Financial data as of December 31, 2019 (12 month period) in USD
Annual Sales 2019
$35.90 billion
USD
Actual
1 USD = 1.3315 CAD
All financial statement data is in millions except per share data | Source: Morningstar
| Cash Flow (mil) | 2019 | 2018 | 2017 |
|---|---|---|---|
| Net Operating Cash | $5,038 | $5,354 | $5,449 |
| Net Investing Cash | -$795 | -$3,540 | -$3,865 |
| Net Financing Cash | -$3,659 | -$1,711 | -$868 |
| Net Change in Cash | $584 | $103 | $716 |
| Cash at Beginning of Period | $4,224 | $3,996 | $3,302 |
| Cash at End of Period | $4,710 | $4,224 | $3,996 |
| Capital Expenditure | $ | $ | $ |
| Assets (mil) | 2019 | 2018 | 2017 |
|---|---|---|---|
| Current Assets | |||
| Cash and Cash Equivalents | $4,710 | $4,224 | $3,996 |
| Accounts Receivable | $4,717 | $4,155 | $4,132 |
| Inventories | $ | $ | $ |
| Other Current Assets | $ | $ | $ |
| Asset Summary | |||
| Total Current Assets | $ | $ | $ |
| Tangible Fixed Assets | $1,416 | $1,000 | $882 |
| Intangible Assets | $3,884 | $3,927 | $4,317 |
| Total Assets | $354,012 | $335,749 | $330,619 |
| Liabilities (mil) | 2019 | 2018 | 2017 |
|---|---|---|---|
| Current Liabilities | |||
| Accounts Payable | $2,843 | $2,737 | $2,301 |
| Short-Term Debt | $607 | $700 | $648 |
| Other Current Liabilities | $ | $ | $ |
| Liability Summary | |||
| Total Current Liabilities | $ | $ | $ |
| Long-Term Debt | $5,874 | $6,021 | $5,783 |
| Other Long-Term Liabilities | $ | $ | $ |
| Total Liabilities | $328,694 | $309,502 | $305,442 |
| Stakeholder's Equity (mil) | 2019 | 2018 | 2017 |
|---|---|---|---|
| Equity | |||
| Common Stock | $970 | $626 | $620 |
| Retained Earnings | $10,971 | $11,992 | $11,552 |
| Equity Summary | |||
| Total Equity | $15,633 | $16,207 | $15,406 |
| Shares Outstanding | 664,096,506 | 714,096,479 | 713,871,479 |
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