Income Statement

Currency: CAD

	Mar-2002	Jun-2002	Sep-2002	Dec-2002	Mar-2003	Jun-2003	Sep-2003	Dec-2003	Mar-2004	Jun-2004	Sep-2004	Dec-2004	Mar-2005	Jun-2005	Sep-2005	Dec-2005	Mar-2006	Jun-2006	Sep-2006	Dec-2006	Mar-2007	Jun-2007	Sep-2007	Dec-2007	Mar-2008	Jun-2008	Sep-2008	Dec-2008	Mar-2009	Jun-2009	Sep-2009	Dec-2009	Mar-2010	Jun-2010	Sep-2010	Dec-2010	Mar-2011	Jun-2011	Sep-2011	Dec-2011	Mar-2012	Jun-2012	Sep-2012	Dec-2012	Mar-2013	Jun-2013	Sep-2013	Dec-2013	Mar-2014	Jun-2014	Sep-2014	Dec-2014	Mar-2015	Jun-2015	Sep-2015	Dec-2015	Mar-2016	Jun-2016	Sep-2016	Dec-2016	Mar-2017	Jun-2017	Sep-2017	Dec-2017	Mar-2018	Jun-2018	Sep-2018	Dec-2018	Mar-2019	Jun-2019	Sep-2019	Dec-2019	Mar-2020	Jun-2020	Sep-2020	Dec-2020	Mar-2021	Jun-2021	Sep-2021	Dec-2021	Mar-2022	Jun-2022	Sep-2022	Dec-2022	Mar-2023	Jun-2023	Sep-2023	Dec-2023	Mar-2024	Jun-2024	Sep-2024	Dec-2024	Mar-2025	Jun-2025	Sep-2025	Dec-2025
Revenue
Interest Expense	0	0	0	0	0	0	0	0	52	102	153	205	201	200	198	187	186	188	193	202	206	208	235	269	314	336	325	341	305	304	310	270	294	288	278	240	269	269	270	237	274	278	277	235	258	254	257	258	207	208	207	279	279	279	282	276	277	276	273	275	0	0	0	271	0	0	0	203	0	0	0	288	0	0	0	289	0	0	0	334	3	6	8	10	10	9	10	11	0	0	0	14	0	0	0	0
Gross Premiums Earned	12 821	12 474	12 995	12 994	13 005	13 309	7 891	8 900	9 461	10 920	16 429	16 475	17 674	17 551	17 701	18 482	17 692	18 399	18 290	19 646	21 189	20 642	21 331	20 358	33 148	33 913	34 231	27 970	20 933	20 934	21 308	24 362	20 817	20 405	20 335	24 394	20 251	20 356	20 456	20 209	20 444	20 679	21 260	22 296	22 737	22 621	22 717	20 840	24 052	25 743	25 712	32 997	27 320	27 178	28 518	27 339	29 433	30 795	33 273	39 938	38 463	39 544	39 627	39 301	38 204	38 402	40 528	41 057	42 514	31 819	30 796	31 308	32 571	45 658	46 310	48 643	52 406	54 152	59 440	59 764	60 710	65 355	64 402	23 259	50 344	38 361	28 789	24 732	25 173	25 723	26 249	26 839	27 270	27 708	28 130	28 513
Revenue	16 572 N/A	16 169 -2%	16 676 +3%	16 632 0%	16 649 +0%	16 972 +2%	11 992 -29%	13 429 +12%	14 400 +7%	16 313 +13%	21 810 +34%	21 871 +0%	23 004 +5%	22 851 -1%	23 093 +1%	23 871 +3%	23 112 -3%	24 008 +4%	24 027 +0%	25 482 +6%	26 679 +5%	24 154 -9%	25 146 +4%	25 923 +3%	37 050 +43%	38 330 +3%	36 102 -6%	33 932 -6%	20 866 -39%	24 702 +18%	31 120 +26%	30 541 -2%	33 935 +11%	32 130 -5%	30 857 -4%	30 103 -2%	28 031 -7%	27 752 -1%	27 142 -2%	29 898 +10%	30 143 +1%	30 806 +2%	30 973 +1%	30 735 -1%	31 689 +3%	27 236 -14%	25 773 -5%	26 446 +3%	28 547 +8%	35 273 +24%	36 514 +4%	39 181 +7%	41 922 +7%	36 076 -14%	36 221 +0%	33 820 -7%	33 493 -1%	42 076 +26%	46 888 +11%	46 381 -1%	46 939 +1%	45 189 -4%	41 998 -7%	46 825 +11%	43 568 -7%	43 098 -1%	44 895 +4%	43 919 -2%	51 174 +17%	43 146 -16%	45 503 +5%	44 412 -2%	37 799 -15%	54 936 +45%	54 211 -1%	60 274 +11%	62 104 +3%	60 355 -3%	64 113 +6%	64 335 +0%	62 470 -3%	53 722 -14%	48 689 -9%	17 411 -64%	43 980 +153%	40 931 -7%	34 608 -15%	31 071 -10%	30 247 -3%	32 001 +6%	36 225 +13%	32 270 -11%	33 799 +5%	34 633 +2%	33 514 -3%	35 592 +6%
Operating Income
Operating Expenses	(15 312)	(14 867)	(15 314)	(15 207)	(15 193)	(15 470)	(10 237)	(11 492)	(12 234)	(13 960)	(19 370)	(19 304)	(20 380)	(20 127)	(20 360)	(21 173)	(20 382)	(21 237)	(21 346)	(22 860)	(24 094)	(21 495)	(22 416)	(23 005)	(34 130)	(35 344)	(33 021)	(30 980)	(20 346)	(24 375)	(30 858)	(28 154)	(31 425)	(29 596)	(28 625)	(27 883)	(25 818)	(25 439)	(24 569)	(26 938)	(27 119)	(27 916)	(27 869)	(27 897)	(28 685)	(24 122)	(22 698)	(23 292)	(25 267)	(31 861)	(32 935)	(35 481)	(38 038)	(32 221)	(32 379)	(30 038)	(30 026)	(38 624)	(43 479)	(42 691)	(43 350)	(41 476)	(38 320)	(43 662)	(40 362)	(39 791)	(41 449)	(40 304)	(47 581)	(40 180)	(42 481)	(41 528)	(35 368)	(51 854)	(51 165)	(57 104)	(58 460)	(56 628)	(60 052)	(60 156)	(58 216)	(49 680)	(44 840)	(12 776)	(39 814)	(36 927)	(30 365)	(27 351)	(25 904)	(27 019)	(31 364)	(26 765)	(28 528)	(29 487)	(28 038)	(30 143)
Selling, General & Administrative	(122)	(136)	(127)	(110)	(117)	(120)	(152)	(184)	(201)	(228)	(240)	(251)	(260)	(261)	(244)	(238)	(237)	(239)	(229)	(235)	(232)	(217)	(229)	(225)	(220)	(211)	(211)	(223)	(226)	(252)	(261)	(257)	(267)	(261)	(263)	(256)	(247)	(253)	(246)	(264)	(280)	(284)	(294)	(2 933)	(295)	(295)	(305)	(3 424)	(324)	(335)	(336)	(4 012)	(338)	(335)	(333)	(3 342)	(347)	(365)	(391)	(5 127)	(1 000)	(1 471)	(1 826)	(6 882)	(2 161)	(2 158)	(2 212)	(7 086)	(2 140)	(2 114)	(2 071)	(7 083)	(1 985)	(2 066)	(1 969)	(7 250)	(1 957)	(1 873)	(2 010)	(8 070)	(1 975)	(1 881)	(2 115)	(9 586)	0	0	0	0	0	0	0	0	0	0	0	0
Depreciation & Amortization	(50)	(34)	(18)	0	0	0	0	(7)	(10)	(14)	(21)	(18)	(20)	(20)	(18)	(18)	(17)	(18)	(18)	(18)	(22)	(23)	(28)	(32)	(45)	(61)	(71)	(83)	(84)	(87)	(88)	(89)	(90)	(89)	(90)	(92)	(92)	(93)	(95)	(100)	(103)	(106)	(107)	(147)	(104)	(105)	(108)	(165)	(123)	(126)	(131)	(200)	(135)	(140)	(143)	(1 609)	(156)	(163)	(170)	(260)	(176)	(179)	(183)	(254)	(172)	(175)	(182)	(308)	(216)	(220)	(223)	(418)	(227)	(234)	(235)	(438)	(261)	(286)	(310)	(523)	(342)	(350)	(369)	(354)	(378)	(381)	(380)	(366)	(376)	(382)	(387)	(415)	(426)	(435)	(439)	(441)
Benefits Claims Loss Adjustment	(13 209)	(12 840)	(13 354)	(13 311)	(13 330)	(13 648)	(8 189)	(9 265)	(9 833)	(11 358)	(16 813)	(16 771)	(17 856)	(17 621)	(17 881)	(18 719)	(17 917)	(18 796)	(19 321)	(20 914)	(22 252)	(19 780)	(20 085)	(20 488)	(31 425)	(32 426)	(30 160)	(28 083)	(15 171)	(19 177)	(25 675)	(25 208)	(28 501)	(26 688)	(25 385)	(24 702)	(22 663)	(22 338)	(21 833)	(24 591)	(24 788)	(25 494)	(25 344)	(24 656)	(25 495)	(20 865)	(19 305)	(19 680)	(21 424)	(27 786)	(28 783)	(31 244)	(33 654)	(27 670)	(27 583)	(25 060)	(24 900)	(33 392)	(38 167)	(37 277)	(37 150)	(34 890)	(31 517)	(36 490)	(33 289)	(32 625)	(34 086)	(32 888)	(40 054)	(32 497)	(34 895)	(33 958)	(27 835)	(44 306)	(43 605)	(49 383)	(50 539)	(48 475)	(51 551)	(51 518)	(49 471)	(40 740)	(35 478)	(15 272)	(28 291)	(26 425)	(21 574)	(15 777)	(15 849)	(15 943)	(16 121)	(16 368)	(16 577)	(16 835)	(16 981)	(17 239)
Other Operating Expenses	(1 931)	(1 857)	(1 815)	(1 786)	(1 746)	(1 702)	(1 896)	(2 036)	(2 190)	(2 360)	(2 296)	(2 264)	(2 244)	(2 225)	(2 217)	(2 198)	(2 211)	(2 184)	(1 778)	(1 693)	(1 588)	(1 475)	(2 074)	(2 260)	(2 440)	(2 646)	(2 579)	(2 591)	(4 865)	(4 859)	(4 834)	(2 600)	(2 567)	(2 558)	(2 887)	(2 833)	(2 816)	(2 755)	(2 395)	(1 983)	(1 948)	(2 032)	(2 124)	(161)	(2 791)	(2 857)	(2 980)	(23)	(3 396)	(3 614)	(3 685)	(25)	(3 911)	(4 076)	(4 320)	(27)	(4 623)	(4 704)	(4 751)	(27)	(5 024)	(4 936)	(4 794)	(36)	(4 740)	(4 833)	(4 969)	(22)	(5 171)	(5 349)	(5 292)	(69)	(5 321)	(5 248)	(5 356)	(33)	(5 703)	(5 994)	(6 181)	(45)	(6 428)	(6 709)	(6 878)	12 436	(11 145)	(10 121)	(8 411)	(11 208)	(9 679)	(10 694)	(14 856)	(9 982)	(11 525)	(12 217)	(10 618)	(12 463)
Operating Income	1 260 N/A	1 302 +3%	1 362 +5%	1 425 +5%	1 456 +2%	1 502 +3%	1 755 +17%	1 937 +10%	2 166 +12%	2 353 +9%	2 440 +4%	2 567 +5%	2 624 +2%	2 724 +4%	2 733 +0%	2 698 -1%	2 730 +1%	2 771 +2%	2 681 -3%	2 622 -2%	2 585 -1%	2 659 +3%	2 730 +3%	2 918 +7%	2 920 +0%	2 986 +2%	3 081 +3%	2 952 -4%	520 -82%	327 -37%	262 -20%	2 387 +811%	2 510 +5%	2 534 +1%	2 232 -12%	2 220 -1%	2 213 0%	2 313 +5%	2 573 +11%	2 960 +15%	3 024 +2%	2 890 -4%	3 104 +7%	2 838 -9%	3 004 +6%	3 114 +4%	3 075 -1%	3 154 +3%	3 280 +4%	3 412 +4%	3 579 +5%	3 700 +3%	3 884 +5%	3 855 -1%	3 842 0%	3 782 -2%	3 467 -8%	3 452 0%	3 409 -1%	3 690 +8%	3 589 -3%	3 713 +3%	3 678 -1%	3 163 -14%	3 206 +1%	3 307 +3%	3 446 +4%	3 615 +5%	3 593 -1%	2 966 -17%	3 022 +2%	2 884 -5%	2 431 -16%	3 082 +27%	3 046 -1%	3 170 +4%	3 644 +15%	3 727 +2%	4 061 +9%	4 179 +3%	4 254 +2%	4 042 -5%	3 849 -5%	4 635 +20%	4 166 -10%	4 004 -4%	4 243 +6%	3 720 -12%	4 343 +17%	4 982 +15%	4 861 -2%	5 505 +13%	5 271 -4%	5 146 -2%	5 476 +6%	5 449 0%
Pre-Tax Income
Interest Income Expense	0	0	0	0	0	0	0	0	(52)	(102)	(153)	(205)	(201)	(200)	(198)	(187)	(186)	(188)	(193)	(202)	(206)	(208)	(235)	(269)	(322)	(339)	(325)	(329)	(247)	(281)	(303)	(307)	(319)	(283)	(260)	(256)	(269)	(269)	(270)	(256)	(274)	(278)	(277)	(235)	(258)	(254)	(257)	(258)	(207)	(208)	(207)	(279)	(279)	(279)	(282)	(276)	(277)	(276)	(273)	(275)	(76)	(141)	(204)	(174)	(158)	(78)	(67)	(86)	(161)	(16)	(31)	48	61	(154)	(63)	36	38	50	(33)	(222)	(246)	(299)	(326)	(393)	(438)	(446)	(463)	(426)	(403)	(402)	(400)	(402)	(405)	(405)	(395)	(379)
Non-Reccuring Items	(204)	(2)	(2)	0	0	0	(21)	(31)	(40)	(49)	(36)	(44)	(42)	(44)	(40)	(22)	0	(4)	0	0	0	0	0	0	0	0	0	(2 248)	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	(4)	0	(67)	(104)	(95)	(105)	(52)	(32)	(34)	(38)	(35)	(35)	(32)	(23)	(35)	(63)	(96)	(307)	(289)	(259)	(222)	(6)	(72)	(67)	0	0	0	(52)	(52)	0	0	(134)	(150)	(171)	(203)	(90)	(91)	(130)	(156)	(178)	(187)	(146)	(126)	(226)	(268)	(276)	(261)	(122)	(65)	(304)	(294)	(375)
Total Other Income	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	(2)	(9)	(18)	0	(18)	(13)	(8)	0	(16)	(16)	(17)	0	(17)	(19)	(19)	0	(19)	(20)	(15)	(41)	(14)	(15)	(15)	(11)	(82)	(76)	(76)	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Pre-Tax Income	1 056 N/A	1 300 +23%	1 360 +5%	1 425 +5%	1 456 +2%	1 502 +3%	1 734 +15%	1 906 +10%	2 074 +9%	2 202 +6%	2 251 +2%	2 318 +3%	2 381 +3%	2 480 +4%	2 495 +1%	2 489 0%	2 544 +2%	2 579 +1%	2 488 -4%	2 420 -3%	2 379 -2%	2 451 +3%	2 495 +2%	2 649 +6%	2 596 -2%	2 638 +2%	2 738 +4%	375 -86%	255 -32%	33 -87%	(49) N/A	2 080 N/A	2 175 +5%	2 235 +3%	1 955 -13%	1 964 +0%	1 927 -2%	2 025 +5%	2 284 +13%	2 704 +18%	2 731 +1%	2 592 -5%	2 812 +8%	2 562 -9%	2 728 +6%	2 845 +4%	2 736 -4%	2 781 +2%	2 896 +4%	3 023 +4%	3 244 +7%	3 389 +4%	3 571 +5%	3 538 -1%	3 525 0%	3 471 -2%	3 158 -9%	3 153 0%	3 101 -2%	3 352 +8%	3 417 +2%	3 265 -4%	3 185 -2%	2 730 -14%	2 826 +4%	3 223 +14%	3 307 +3%	3 462 +5%	3 432 -1%	2 950 -14%	2 991 +1%	2 880 -4%	2 440 -15%	2 928 +20%	2 983 +2%	3 072 +3%	3 532 +15%	3 606 +2%	3 825 +6%	3 867 +1%	3 917 +1%	3 613 -8%	3 367 -7%	4 064 +21%	3 541 -13%	3 412 -4%	3 654 +7%	3 068 -16%	3 672 +20%	4 304 +17%	4 200 -2%	4 981 +19%	4 801 -4%	4 437 -8%	4 787 +8%	4 695 -2%
Net Income
Tax Provision	(405)	(472)	(422)	(430)	(432)	(428)	(523)	(550)	(581)	(596)	(582)	(566)	(578)	(600)	(599)	(601)	(621)	(605)	(581)	(522)	(466)	(528)	(485)	(582)	(566)	(550)	(661)	278	297	357	443	(345)	(357)	(361)	(262)	(256)	(236)	(271)	(326)	(465)	(452)	(361)	(448)	(364)	(436)	(494)	(432)	(463)	(508)	(536)	(592)	(628)	(679)	(609)	(558)	(460)	(260)	(250)	(274)	(396)	(468)	(443)	(428)	(422)	(403)	(505)	(519)	(387)	(440)	(340)	(280)	(373)	(230)	(272)	(244)	82	12	1	(91)	(304)	(299)	(244)	(146)	(394)	(212)	(217)	(341)	(53)	(192)	(365)	(359)	(737)	(725)	(526)	(584)	(534)
Income from Continuing Operations	651	828	938	995	1 024	1 074	1 211	1 356	1 493	1 606	1 669	1 752	1 803	1 880	1 896	1 888	1 923	1 974	1 907	1 898	1 913	1 923	2 010	2 067	2 030	2 088	2 077	653	552	390	394	1 735	1 818	1 874	1 693	1 708	1 691	1 754	1 958	2 239	2 279	2 231	2 364	2 198	2 292	2 351	2 304	2 318	2 388	2 487	2 652	2 761	2 892	2 929	2 967	3 011	2 898	2 903	2 827	2 956	2 949	2 822	2 757	2 308	2 423	2 718	2 788	3 075	2 992	2 610	2 711	2 507	2 210	2 656	2 739	3 154	3 544	3 607	3 734	3 563	3 618	3 369	3 221	3 670	3 329	3 195	3 313	3 015	3 480	3 939	3 841	4 244	4 076	3 911	4 203	4 161
Income to Minority Interest	(49)	(28)	(22)	(33)	(32)	(58)	(103)	(120)	(137)	(113)	(97)	(136)	(140)	(168)	(173)	(113)	(118)	(147)	(159)	(162)	(161)	(142)	(154)	(159)	31	47	83	108	(73)	(58)	(50)	(36)	(14)	(24)	(16)	(7)	1	11	(1)	(121)	(126)	(112)	(178)	(277)	(295)	(317)	(263)	(3)	(7)	(15)	(15)	(4)	(19)	(10)	(16)	(9)	23	29	58	(2)	(24)	17	(7)	10	37	(9)	28	(1)	8	19	(42)	(5)	(23)	(65)	(52)	(12)	(37)	(180)	(261)	1	8	208	171	88	46	14	144	(23)	(71)	(94)	(73)	(103)	(106)	(52)	(31)	(41)
Net Income (Common)	571 N/A	769 +35%	885 +15%	931 +5%	962 +3%	989 +3%	1 073 +8%	1 195 +11%	1 318 +10%	1 458 +11%	1 548 +6%	1 600 +3%	1 643 +3%	1 688 +3%	1 695 +0%	1 742 +3%	1 769 +2%	1 784 +1%	1 840 +3%	1 875 +2%	1 943 +4%	2 026 +4%	2 010 -1%	2 056 +2%	2 196 +7%	2 865 +30%	2 840 -1%	1 396 -51%	1 068 -23%	268 -75%	277 +3%	1 627 +487%	1 729 +6%	1 771 +2%	1 593 -10%	1 615 +1%	1 602 -1%	1 673 +4%	1 863 +11%	2 022 +9%	2 056 +2%	2 018 -2%	2 079 +3%	1 806 -13%	1 874 +4%	1 907 +2%	1 912 +0%	2 278 +19%	2 348 +3%	2 442 +4%	2 606 +7%	2 546 -2%	2 659 +4%	2 703 +2%	2 736 +1%	2 762 +1%	2 682 -3%	2 694 +0%	2 648 -2%	2 641 0%	2 612 -1%	2 526 -3%	2 433 -4%	2 149 -12%	2 289 +7%	2 535 +11%	2 643 +4%	2 961 +12%	2 887 -2%	2 515 -13%	2 556 +2%	2 359 -8%	2 044 -13%	2 448 +20%	2 544 +4%	2 943 +16%	3 308 +12%	3 229 -2%	3 275 +1%	3 128 -4%	3 191 +2%	3 142 -2%	2 958 -6%	3 596 +22%	3 044 -15%	2 807 -8%	3 024 +8%	2 738 -9%	3 103 +13%	3 610 +16%	3 564 -1%	3 940 +11%	3 840 -3%	3 729 -3%	4 028 +8%	3 960 -2%
EPS (Diluted)	0.76 N/A	1.02 +34%	1.18 +16%	1.25 +6%	1.29 +3%	1.33 +3%	1.21 -9%	1.46 +21%	1.46 N/A	1.63 +12%	1.72 +6%	1.78 +3%	1.83 +3%	1.89 +3%	1.85 -2%	1.94 +5%	1.98 +2%	1.99 +1%	2.02 +2%	2.08 +3%	2.16 +4%	2.22 +3%	2.23 +0%	2.28 +2%	2.44 +7%	3.18 +30%	3.15 -1%	1.55 -51%	1.13 -27%	0.27 -76%	0.29 +7%	1.72 +493%	1.8 +5%	1.84 +2%	1.68 -9%	1.7 +1%	1.69 -1%	1.76 +4%	1.93 +10%	2.11 +9%	2.15 +2%	2.11 -2%	2.17 +3%	1.89 -13%	1.96 +4%	2 +2%	1.9 -5%	2.3 +21%	2.34 +2%	2.45 +5%	2.62 +7%	2.55 -3%	2.67 +5%	2.71 +1%	2.74 +1%	2.77 +1%	2.69 -3%	2.7 +0%	2.66 -1%	2.66 N/A	2.63 -1%	2.55 -3%	2.46 -4%	2.17 -12%	2.32 +7%	2.57 +11%	2.68 +4%	2.99 +12%	2.92 -2%	2.67 -9%	2.75 +3%	2.49 -9%	2.2 -12%	2.64 +20%	2.74 +4%	3.17 +16%	3.56 +12%	3.47 -3%	3.52 +1%	3.36 -5%	3.42 +2%	3.37 -1%	3.17 -6%	3.85 +21%	3.26 -15%	3 -8%	3.23 +8%	2.93 -9%	3.31 +13%	3.86 +17%	3.81 -1%	4.21 +10%	4.11 -2%	3.99 -3%	4.33 +9%	4.26 -2%

Income Statement Balance Sheet Cash Flow Statement

Great-West Lifeco Inc
F:GWS

Income Statement

Income Statement
Great-West Lifeco Inc

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Great-West Lifeco Inc F:GWS

Income Statement

Income Statement Great-West Lifeco Inc

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Great-West Lifeco Inc
F:GWS

Income Statement
Great-West Lifeco Inc