Consistent Earnings Growth and Digital Engagement
Wealth Management & Insurance
Solid performance amid challenging market conditions
Net income down 15% YoY
Revenue down 1% YoY
Lower transaction and fee-based revenue in wealth
and decrease in fair value of investments supporting
claims liabilities, partially offset by higher insurance
premiums
Claims up 11% YoY
Increased driving activity, inflationary costs and more
severe weather-related events
Expenses up 1% YoY
TD
P&L ($MM)
Reported
Q4/22
QoQ
YOY
Revenue
2,631
(5%)
(1%)
Insurance Claims
723
(13%)
11%
Expenses
1,208
5%
1%
516
(10%)
(15%)
39.5%
-510 bps
-1,190 bps
397
(3%)
(7%)
517
(2%)
(7%)
Net Income
ROE8
AUM ($B)
AUA ($B)7
Earnings ($MM)
$608
$636
$668
"
Higher spend supporting business growth, including
employee-related expenses and technology costs,
largely offset by lower legal provisions and variable
compensation
$575
$516
Q4/21
Q1/22
Q2/22
Q3/22
Q4/22
Efficiency ratio of 45.9%
AUM and AUA7 both down 7% YoY
ā
Market depreciation, partially offset by net asset
growth
23View entire presentation