Power Corporation of Canada T.POW

Alternate Symbol(s): PWCDF | T.POW.PR.A | PWCCF | T.POW.PR.B | T.POW.PR.C | T.POW.PR.D | T.POW.PR.E | T.POW.PR.G

Financial Services Insurance - Diversified

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. It 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 value creation with a diversified quality portfolio of listed and private investments.

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Power Corporation of Canada > pow- q4 and year results

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Post by bingostaron Mar 17, 2021 6:19pm

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Post# 32820944

pow- q4 and year results

2 elements to retain:

1)The Corporation's net asset value per share was $41.27 at December 31, 2020, compared with $34.94 at September 30, 2020, representing an increase of 18.1%.

2)Net earnings attributable to participating shareholders were $623 million or $0.92 per share, compared with $179 million or $0.42 per share in 2019.

Adjusted net earnings attributable to participating shareholders [1] were $627 million or $0.93 per share, compared with $357 million or $0.84 per share in 2019.

beating analyst estimate of 0.80$ for the quarter.