Investor Presentation: Outperforming in the Next Decade
Page 22 | Investor Presentation
Historical financials
[intact]
(in millions of Canadian dollars, except as otherwise noted)
H1-19
H1-18
2018
2017
2016
2015
2014
Financial results
Direct premiums written
5,367
4,990
10,090
8,730
8,277
7,901
7,441
Underwriting income
38
112
474
486
375
628
519
Net investment income
288
262
541
448
429
439
438
Distribution EBITA
108
92
175
158
134
123
89
Net operating income (NOI)
325
321
839
771
660
860
767
Net income attributable to shareholders
327
264
707
792
541
706
782
Underwriting results
Claims ratio
Expense ratio
Combined ratio
69.5%
67.4%
65.3%
65.4%
64.9%
61.3%
62.6%
29.7%
30.2%
29.8%
28.9%
30.4%
30.4%
30.2%
99.2%
97.6%
95.1%
94.3%
95.3%
91.7%
92.8%
Per share (basic and diluted) (in $)
Net operating income per share (NOIPS)
2.17
2.19
5.74
5.60
4.88
6.38
5.67
Earnings per share to common shareholder (EPS)
2.19
1.78
4.79
5.75
3.97
5.20
5.79
Adjusted EPS (AEPS)
2.49
2.23
5.70
5.82
4.53
5.54
6.01
Return on equity (for the last 12 months)
Operating ROE (OROE)
12.0%
11.9%
12.1%
12.9%
12.0%
16.6%
16.3%
Return on equity (ROE)
10.6%
10.0%
9.9%
12.8%
9.6%
13.4%
16.1%
Adjusted ROE (AROE)
12.1%
11.3%
11.8%
13.0%
11.0%
14.3%
16.8%
Financial position
Total investments
17,446
16,946
16,897
16,774
14,386
13,504
13,440
Debt outstanding
2,192
2,266
2,209
2,241
1,393
1,143
1,143
Total shareholder's equity
7,973
7,798
7,810
7,463
6,088
5,724
5,451
Total capital margin
1,269
1,243
1,333
1,135
970
625
681
Book value per share (in $)
49.90
48.64
48.73
48.00
42.72
39.83
37.75View entire presentation