Financial Performance and Risk Management Overview
FINANCIAL RESULTS
IFRS 17 IFRS 9
Q1-2023
Q1-2022
IFRS 4/IAS 39
2022
2021
2020
2019
Insurance revenue
907.5
814.3
Insurance service expenses
(782.3)
(664.2)
Net expenses from reinsurance contracts held
(31.3)
(34.1)
Insurance service result
93.9
116.0
Net investment income
41.0
25.8
133.1
96.8
100.3
105.4
Recognized gains (losses) on FVTPL investments / Recognized (losses) gains on investments
91.7
(197.8)
(228.3)
(20.8)
79.8
68.3
Finance (expenses) income from insurance contracts issued
(64.5)
52.7
Finance income (expenses) from reinsurance contracts held
5.6
(3.2)
Distribution revenues
25.5
19.9
Other (expenses) income
Restructuring recovery
Income (loss) before income taxes
Income tax (expense) recovery
Net income (loss)
Net income (loss) attributable to common shareholders
Net income attributable to non-controlling interests
(60.0)
(41.0)
25.6
(34.0)
(1.9)
(6.0)
0.8
133.2
(47.5)
305.2
281.2
200.6
21.2
(31.1)
14.9
(52.6)
(68.0)
(46.7)
(3.8)
102.1
(32.6)
252.6
213.2
153.9
17.4
100.9
(32.6)
252.0
213.2
153.9
17.4
1.2
0.0
0.6
0.0
0.0
0.0
Gross written premiums (1)
846.9
760.1
3,662.3
3,258.1
2,829.2
2,533.9
Net underwriting revenue / Net earned premiums (1)
839.1
765.3
3,248.6
2,833.6
2,508.7
2,343.2
Underwriting income (loss) (1)
Net investment income
Distribution income (1)
Finance costs
Other operating (expenses) income
Operating income (loss) (1)
Operating net income (loss) (1)
39.5
57.8
192.3
194.5
136.4
(118.3)
41.0
25.8
133.1
96.8
100.3
105.4
8.9
4.7
13.5
8.0
4.1
3.5
Note: Figures in millions, unless otherwise noted.
1. This is a supplementary financial measure, non-GAAP financial measure, or a non-GAAP ratio. Refer to Supplementary Financial Measures and Non-GAAP Financial Measures and Ratios advisory and Section 12 - Supplementary financial
measures and non-GAAP financial measures and ratios in the Q1-2023 MD&A for further details.
(8.8)
(5.7)
(28.4)
(8.4)
1.3
(0.5)
80.6
82.6
310.5
290.9
242.1
(9.9)
63.4
63.3
238.9
220.4
184.4
(5.4)
definity.
28View entire presentation