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Power Financial Corporation (T:PWF)

Business Focus: Multiline Insurance & Brokers

Sector:  Financials Industry:  Multiline Insurance & Brokers
 
See Regulatory Filings on SEDAR
Company Contact
Address: 751 du Square-Victoria St
MONTREAL QC H2Y 2J3
Tel: N/A
Website: www.powerfinancial.com
IR: See website
Key People
Andre Roger Desmarais
Executive Co-Chairman of the Board
Paul C. Genest
Senior Vice President
Paul Desmarais
Executive Co-Chairman of the Board
R. Jeffrey Orr
President, Chief Executive Officer, Director
Amaury de Seze
Vice Chairman
Michel Plessis-Belair
Vice Chairman
Gregory D. Tretiak
Chief Financial Officer, Executive Vice President
Claude Genereux
Executive Vice President
Olivier A. Desmarais
Senior Vice President
Paul Desmarais
Senior Vice President
   
Business Overview
Power Financial Corp is a Canada-based diversified management and holding company. It has operations in the financial services sector in Canada, the United States and Europe, through its controlling interests in Great- West Lifeco Inc (Lifeco) and IGM Financial Inc (IGM). It operates through three segments: Lifeco, IGM and Pargesa Holding SA (Pargesa). Lifeco offers life insurance, health insurance, retirement and investment management services, and is engaged in the asset management and reinsurance business primarily in Canada, the United States and Europe. IGM is a financial services company operating in Canada primarily within the advice segment of the financial services market. Pargesa is a holding company with diversified interests in Europe-based companies active in various sectors, such as minerals-based specialty solutions for industry; cement, aggregates and concrete; oil, gas and alternative energies, and electricity, natural gas, and energy and environmental services.
Financial Overview
For the fiscal year ended 31 December 2019, Power Financial Corp revenues increased 2% to C$47.8B. Net income applicable to common stockholders decreased 13% to C$1.96B. Revenues reflect increase in net premium earned. Net income was offset by Salaries and other employee benefits increase of 6% to C$4.12B (expense), Amortization,depreciation & Imp. increase of 32% to C$500M (expense).
Reporting Currency: Canadian Dollars
Enterprise value: $38,208M as of Dec 31, 2019
Annual revenue (TTM): $47,802M as of Dec 31, 2019
EBITDA (TTM): $3,993M as of Dec 31, 2019
Net annual income (TTM): $1,964M as of Dec 31, 2019
Free cash flow (TTM): $5,330M as of Dec 31, 2019
Net Debt Last Fiscal Year: $8,892M as of Dec 31, 2019
Shares outstanding: 664,096,506 as of Dec 31, 2019
TTM: Trailing Twelve Months
EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization