Summary Marketline's Industrial Alliance Insurance and Financial Services Inc. Mergers & Acquisitions (M&A), Partnerships & Alliances and Investments report includes business description, detailed reports on mergers and acquisitions (M&A), divestments, capital raisings, venture capital investments, ownership and partnership transactions undertaken by Industrial Alliance Insurance and Financial Services Inc. - Mergers & Acquisitions (M&A), Partnerships & Alliances since January2007. Marketline'...
Summary iA Financial Corp Inc - Company Profile and SWOT Analysis, is a source of comprehensive company data and information. The report covers the company's structure, operation, SWOT analysis, product and service offerings and corporate actions, providing a 360˚ view of the company. Key Highlights iA Financial Corp Inc (iA Financial) is a leading provider of financial services. The company's primary activities include the administration and management of a wide range of financial products a...
On November 22, 2022, DBRS Morningstar confirmed all ratings on POW and PWF, including POW’s Issuer Rating at “A” and PWF’s Issuer Rating at A (high). The trends on all ratings are Stable. DBRS Morningstar has also discontinued the rating on POW’s Cumulative Redeemable First Preferred Shares, 1986 Series because all outstanding shares were redeemed.
Power Corporation et la Financière Power annoncent l’émission d’actions privilégiées de la Financière Power Les lecteurs sont priés de se reporter à la section intitulée « Déclarations prospectives » à la fin du présent communiqué. Tous les chiffres sont exprimés en dollars canadiens. MONTRÉAL, 06 oct. 2021 (GLOBE NEWSWIRE) -- Power Corporation du Canada (« Power Corporation » ou « PCC ») (TSX : POW) et la Corporation Financière Power (la « Financière Power » ou « CFP ») ont annoncé aujourd’hui que la Financière Power avait convenu d’émettre, dans le cadre d’une acquisition ferme, 8 000...
Power Corporation and Power Financial Announce Issue of Power Financial Preferred Shares Readers are referred to the section “Forward-Looking Statements” at the end of this release. All figures are expressed in Canadian dollars. MONTRÉAL, Oct. 06, 2021 (GLOBE NEWSWIRE) -- Power Corporation of Canada (“Power Corporation” or “PCC”) (TSX: POW) and Power Financial Corporation (“Power Financial” or “PFC”) announced today that Power Financial has agreed to issue 8,000,000 Non-Cumulative First Preferred Shares, Series 23 in the capital of Power Financial (the “Series 23 Shares”) on a bought dea...
Full Article at IIR has reaffirmed its Recommended rating for PIA after undertaking a review post the appointment of a new Portfolio Manager, Harding Loevner. The full report can be found on the IIR website. On 26 July 2021, Pengana International Equities Limited (PIA) announced a fully franked dividend of 1.35 cents per share for the June quarter. This represents an 8% increase on the March quarter dividend and takes the total dividends declared for FY21 of 5.1 cents per share, fully franked....
POWER FINANCIAL CORP. (CA), a company active in the Life Insurance industry, loses a star(s) at the fundamental level and sees its general evaluation downgraded. The independent financial analyst theScreener just removed a fundamental star(s) for a 2 over 4-star rating. As such, market behaviour remains unchanged and is evaluated as moderately risky. theScreener believes that the loss of a star(s) merits downgrade to the general evaluation of the title, which passes to Neutral. As of the analysi...
A director at Power Financial Corporation maiden bought 3,480 shares at 28.740CAD and the significance rating of the trade was 71/100. Is that information sufficient for you to make an investment decision? This report gives details of those trades and adds context and analysis to them such that you can judge whether these trading decisions are ones worth following. Included in the report is a detailed share price chart which plots discretionary trades by all the company's directors over the la...
No-moat Power Financial posted good first-quarter results, with market-driven gains at Great-West and IGM offsetting marginally higher corporate expenses. Though net earnings for the quarter were down 8.5% to CAD 536 million from CAD 586 million the year prior, Power saw a net earnings gain of 12% compared with the fourth quarter. On a per share basis, net earnings increased 8 cents, from $0.67 to $0.75. Adjusted net earnings at Pargesa were up significantly from negative CAD 53 million last qua...
No-moat Power Financial posted good first-quarter results, with market-driven gains at Great-West and IGM offsetting marginally higher corporate expenses. Though net earnings for the quarter were down 8.5% to CAD 536 million from CAD 586 million the year prior, Power saw a net earnings gain of 12% compared with the fourth quarter. On a per share basis, net earnings increased 8 cents, from $0.67 to $0.75. Adjusted net earnings at Pargesa were up significantly from negative CAD 53 million last qua...
No-moat Power Financial posted good first-quarter results, with market-driven gains at Great-West and IGM offsetting marginally higher corporate expenses. Though net earnings for the quarter were down 8.5% to CAD 536 million from CAD 586 million the year prior, Power saw a net earnings gain of 12% compared with the fourth quarter. On a per share basis, net earnings increased 8 cents, from $0.67 to $0.75. Adjusted net earnings at Pargesa were up significantly from negative CAD 53 million last qua...
No-moat Power Financial closed the books on a mixed 2018, with strong top-line growth at Great-West offset by lower growth at IGM Financial and Pargesa and higher corporate expenses. Overall, annual adjusted net earnings were up 6.9% to CAD 2.28 billion from CAD 2.14 billion in 2017. On a quarterly basis, net earnings were down nearly 16%. Though this decline is significant and would ordinarily be cause for concern, the drop is mainly from impairment charges related to accounting changes at Parg...
No-moat Power Financial closed the books on a mixed 2018, with strong top-line growth at Great-West offset by lower growth at IGM Financial and Pargesa and higher corporate expenses. Overall, annual adjusted net earnings were up 6.9% to CAD 2.28 billion from CAD 2.14 billion in 2017. On a quarterly basis, net earnings were down nearly 16%. Though this decline is significant and would ordinarily be cause for concern, the drop is mainly from impairment charges related to accounting changes at Parg...
No-moat Power Financial closed the books on a mixed 2018, with strong top-line growth at Great-West offset by lower growth at IGM Financial and Pargesa and higher corporate expenses. Overall, annual adjusted net earnings were up 6.9% to CAD 2.28 billion from CAD 2.14 billion in 2017. On a quarterly basis, net earnings were down nearly 16%. Though this decline is significant and would ordinarily be cause for concern, the drop is mainly from impairment charges related to accounting changes at Parg...
For the third quarter, Power Financial reported net earnings of CAD 523 million, compared with CAD 463 million last year, with the increase mainly attributable to Great-West. We will maintain our CAD 35 fair value estimate and no-moat rating. Great-West’s third-quarter results showed the company continuing to build on already strong returns. Annualized adjusted ROE of 14.7% for the quarter marked a modest improvement both year over year and sequentially. Overall, the business is performing wel...
Power Financial is a holding company that derives the vast majority of its value from its ownership stakes in Great-West Lifeco and IGM Financial, and allows these firms to share services and access to distribution. Great-West accounts for about 80% of Power Financial’s estimated value, while IGM contributes about 19%. The remaining amount comes from an ownership interest in Pargesa through Parjointco. Power Financial is majority-owned by Power Corporation of Canada.Great-West, one of the big ...
For the third quarter, Power Financial reported net earnings of CAD 523 million, compared with CAD 463 million last year, with the increase mainly attributable to Great-West. We will maintain our CAD 35 fair value estimate and no-moat rating. Great-West’s third-quarter results showed the company continuing to build on already strong returns. Annualized adjusted ROE of 14.7% for the quarter marked a modest improvement both year over year and sequentially. Overall, the business is performing wel...
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