Who we are
Power Corporation is an international management and holding company that focuses on financial services in North America, Europe and Asia. We are active shareholders in a group of leading insurance, retirement, wealth management and investment businesses, including a portfolio of alternative asset investment platforms.
We are in the business of helping people save, plan for retirement and prepare for the unexpected. Our businesses can accompany clients through all stages of life — as they accumulate and preserve wealth, launch a business, raise their family, put their children through school, manage through retirement and plan their succession — helping them achieve financial security.
We are long-term active shareholders overseeing leading franchises with attractive growth profiles
Power Corporation
of Canada
of Canada
Publicly traded operating companies[1][2]
Alternative asset management businesses
- As at December 31, 2023. The description of market capitalization can be found under “Other Measures” in the Review of Financial Performance section of this Annual Report.
- Percentages of participating equity securities beneficially owned, or over which control or direction is exercised, directly or indirectly by Power Corporation. Great-West Lifeco held a 3.9% interest in IGM Financial, and IGM Financial held a 2.4% interest in Great-West Lifeco. GBL is held through Parjointco, a jointly controlled corporation (50%).
- As at December 31, 2023, the Corporation held a 53.5% interest in SHMI. Refer to the section “Alternative Asset Investment Platforms” in the Review of Financial Performance section of this Annual Report.
Values
Integrity, Respect, Trust,
Corporate Citizenship
Corporate Citizenship
Key investing principles
Long-term perspective
Leading franchises with attractive growth profiles
Strong governance oversight
Prudent approach to risk management
Mission
We build on our strong core values and sound investing principles
We are active owners, taking a long-term perspective and implementing a strategic vision anchored in our core values.
We enhance shareholder value by actively managing operating businesses and investments to generate long-term, sustainable growth in earnings and dividends.
We take a prudent approach to risk and demonstrate responsible corporate citizenship.
Financials at a glance
$2.28
Billion
Net earnings from continuing operations[1]
$2.96
Billion
Adjusted net earnings from continuing operations[1][2]
$24.7
Billion
Market capitalization
5.5%
Dividend yield[3]
$2.0
Billion
Capital returned to shareholders[4]
$3.1
TRillion
Consolidated assets and assets under administration[2]
$749
Billion
Total consolidated assets
- Attributable to participating shareholders.
- Adjusted net earnings from continuing operations and consolidated assets and assets under administration are non-IFRS financial measures. Please refer to “Non-IFRS Financial Measures” in the Review of Financial Performance section of this Annual Report.
- Dividend yield is calculated as the annualized dividend based on the dividend declared on November 13, 2023 divided by the December 31, 2023 share price.
- Includes dividends paid to participating shareholders and shares repurchased under the NCIB program.
