reports
Great-West Lifeco Inc: 2 directors
Two Directors at Great-West Lifeco Inc sold after exercising options/sold 27,225 shares at between 49.110CAD and 49.500CAD. The significance rating of the trade was 69/100. 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 a...
- Komal Rizvi
- Michael Driscoll
- Nadja Dreff
GWO_ps GREAT WEST LIFECO- PFD
GWO.PR.H GREAT-WEST LIFECO PFD. SERIES H
GWO.PR.F GREAT-WEST LIFECO INC. 5.9% 1ST PFD. SERIES F
GWO.PR.G GREAT-WEST LIFECO INC. 5.2% PFD.
GWO.PR.I GREAT-WEST LIFECO
GWO.PR.L GREAT-WEST LIFECO INC. 5.65% 1ST PFD.
GWO.PR.M GREAT-WEST LIFECO INC. 5.8% 1ST PFD.
GWO.PR.N GREAT-WEST LIFECO INC. PFD. N
GWO_pp GREAT-WEST LIFECO INC PFD.
GWO.P.Q GREAT WEST LIFECO SERIES T
- Carl De Souza
- Komal Rizvi
- Marcos Alvarez
Can Limited Recourse Capital Notes Be Wiped Out in Canada à la Credit ...
DBRS Morningstar published a commentary discussing the differences between the limited recourse capital notes (LRCNs) issued by Canadian banks and insurance companies and the AT1 notes issued by Credit Suisse. The commentary explains why Canadian LRCNs will not function in the same manner as the Credit Suisse AT1s in a default scenario and what the implications are for investors. Key highlights include the following: -- LRCNs issued by Canadian financial institutions differ from the AT1s issue...
SLF. MANULIFE FINANCIAL CORPORATION
RY. GREAT-WEST LIFECO INC.
MFC. BANK NOVA SCOTIA PFD.
BNS. GREAT WEST LIFECO- PFD
BMO. ROYAL BANK OF CANADA 4.90% PFD. SERIES W
CM GREAT-WEST LIFECO PFD. SERIES H
NA BANK OF MONTREAL PFD.
GWO SUN LIFE FINANCIAL PFD. (CL A) SER. 2
BNS.PR.F BANK OF NOVA SCOTIA PFD.
GWO_ps MANULIFE FINANCIAL CORP
RY.PR.W CANADIAN WESTERN BANK PR C PFD.
CM_po BANK OF MONTREAL PR B PFD.
GWO.PR.H NATIONAL BANK OF CANADA PR X PFD.
BMO_pr TORONTO-DOMINION BANK C PFD.
SLF.PR.B EMPIRE LIFE INSURANCE CO NON CUM RATE RESET PFD REGISTERED SHS SERIES 1
SLF_ph BANK OF MONTREAL
BNS_pb BANK OF MONTREAL CL B SERIES 25 PFD.
BMO_py BANK OF MONTREAL CL B SERIES 10 PFD.
NA.PR.W BANK OF MONTREAL- PFD
MFC_pl ROYAL BANK OF CANADA PFD.
CWB.PR.C ROYAL BANK OF CANADA 1ST PFD.
BMO.PR.B ROYAL BANK OF CANADA 1ST PFD. SERIES AE
NA.PR.X ROYAL BANK OF CANADA PFD. H
TD_pfc ROYAL BANK OF CANADA- PFD
EML.PR.A ROYAL BANK CANADA MONTREAL QUEBEC PR J PFD.
IFC ROYAL BANK PR M PFD.
LB ROYAL BANK PR P PFD.
CWB ROYAL BANK PR Q PFD.
ROYAL BANK OF CANADA - PREF SHARE
BMO.PR.Q NATIONAL BANK OF CANADA PFD. SERIES 15
BMO.PR.A NATIONAL BANK OF CANADA- PFD
BMO_ps NATIONAL BNK CAN PFD.
RY.PR.A LAURENTIAN BANK OF CANADA
RY.PR.C LAURENTIAN PR J PFD.
RY.PR.E CANADIAN IMPERIAL BANK OF COMMERCE CL A
RY.PR.F CANADIAN IMPERIAL BANK OF COMMERCE SERIES 32 PFD.
RY_pz CANADIAN IMPERIAL BANK OF COMMERCE PFD. CL A
RY_pj TORONTO DOMINION PFD.
RY_pm TORONTO-DOMINION BANK D PFD.
RY_pp TORONTO DOMINION BANK
RY_pq TORONTO-DOMINI PFD.
RYPRT CANADIAN WESTERN BANK PR B PFD.
RY/TO BANK OF NOVA SCOTIA PRD PFD.
NA.PR.K BANK OF NOVA SCOTIA 5-YEAR PFD. SERIES 30
NA_ps BANK OF NOVA SCOTIA 5-YEAR PFD. SERIES 32
NA.PR.A BANK OF NOVA SCOTIA PR G PFD.
LB_ph INTACT FINANCIAL CORP PFD.
LB.PR.J INTACT FINANCIAL CORPORATION
CM_pq GREAT-WEST LIFECO INC. 5.9% 1ST PFD. SERIES F
TD.PF.B GREAT-WEST LIFECO INC. 5.2% PFD.
TD_pfd GREAT-WEST LIFECO
TD_pfe GREAT-WEST LIFECO INC. 5.65% 1ST PFD.
TD.PF.H GREAT-WEST LIFECO INC. 5.8% 1ST PFD.
CWB_pb GREAT-WEST LIFECO INC. PFD. N
CWB-W GREAT-WEST LIFECO INC PFD.
CBWBF MANULIFE FINANCIAL CL A PFD. SERIES 2
BNS_pd MANULIFE FINANCIAL 4.5% PFD. CL A SERIES 3
BNS.PR.Y MANULIFE FINANCIAL PRF P PFD.
BNS.PR.Z MANULIFE FINANCIAL CORP. CL 1 SERIES 3 PFD F
BNS.PR.G MANULIFE FINANCIAL CORP PFD.
IFC_pa MANULIFE FI PR N PFD.
IFC_pc MANULIFE FIN PR O PFD.
IIC SUN LIFE FINANCIAL (CL A) PFD. SERIES 1
IIC/LV SUN LIFE FINANCIAL CL A PFD. SERIES 3
GWO.PR.F SUN LIFE FINANCIAL INC. CL A PFD. SERIES 4
GWO.PR.G SUN LIFE FINANCIAL INC. CL A PFD. SERIES 5
GWO.PR.I SUN LIFE FINANCIAL INC PFD.
GWO.PR.L EMPIRE LIFE INSURANCE COMPANY
GWO.PR.M THE
GWO.PR.N CANADIAN WESTERN BANK PFD SERIES 9
GWO_pp GREAT WEST LIFECO SERIES T
GWO.P.Q BANK OF MONTREAL SERIES 44 CLASS B
GWO_pr NATIONAL BANK OF CANADA PFD SERIES 40
GWLIF TORONTO-DOMINION BANK
MFC.PR.B CANADIAN WESTERN BANK
MFC.PR.C ROYAL BANK OF CANADA
MFC.PR.P NATIONAL BANK OF CANADA
MFC.PR.F BANK OF NOVA SCOTIA
MFC_ph CANADIAN IMPERIAL BANK OF COMMERCE
- Marcos Alvarez
- Nadja Dreff
Bank Run Scenario Unlikely To Hit Canada's Lifecos But Impacts May Ari...
DBRS Morningstar published a commentary discussing the impact of unrealized investment losses on Canadian life insurance companies’ balance sheets and solvency levels in the context of rising interest rates. Key highlights include the following: -- Canadian insurers' unrealized losses are considered insignificant in relation to their invested assets as a result of asset-liability matching and accounting measurement that provides for a largely offsetting movement in liabilities. -- Insurance...
MFC. MANULIFE FINANCIAL CORPORATION
GWO GREAT-WEST LIFECO INC.
GWO_ps GREAT WEST LIFECO- PFD
GWO.PR.H GREAT-WEST LIFECO PFD. SERIES H
SLF.PR.B SUN LIFE FINANCIAL PFD. (CL A) SER. 2
SLF_ph MANULIFE FINANCIAL CORP
MFC_pl GREAT-WEST LIFECO INC. 5.9% 1ST PFD. SERIES F
GWO.PR.F GREAT-WEST LIFECO INC. 5.2% PFD.
GWO.PR.G GREAT-WEST LIFECO
GWO.PR.I GREAT-WEST LIFECO INC. 5.65% 1ST PFD.
GWO.PR.L GREAT-WEST LIFECO INC. 5.8% 1ST PFD.
GWO.PR.M GREAT-WEST LIFECO INC. PFD. N
GWO.PR.N GREAT-WEST LIFECO INC PFD.
GWO_pp MANULIFE FINANCIAL CL A PFD. SERIES 2
GWO.P.Q MANULIFE FINANCIAL 4.5% PFD. CL A SERIES 3
GWO_pr MANULIFE FINANCIAL PRF P PFD.
GWLIF MANULIFE FINANCIAL CORP. CL 1 SERIES 3 PFD F
MFC.PR.B MANULIFE FINANCIAL CORP PFD.
MFC.PR.C MANULIFE FI PR N PFD.
MFC.PR.P MANULIFE FIN PR O PFD.
MFC.PR.F SUN LIFE FINANCIAL (CL A) PFD. SERIES 1
MFC_ph SUN LIFE FINANCIAL CL A PFD. SERIES 3
MFC_pi SUN LIFE FINANCIAL INC. CL A PFD. SERIES 4
MFC_pj SUN LIFE FINANCIAL INC. CL A PFD. SERIES 5
MFC_pk SUN LIFE FINANCIAL INC PFD.
MFC_pn GREAT WEST LIFECO SERIES T
- Marcos Alvarez
- Patrick Douville
Canadian Life Insurers Finish 2022 in Good Shape as the Insurance Busi...
DBRS Morningstar released a commentary titled “Canadian Life Insurers Finish 2022 in Good Shape as the Insurance Business Benefits from Higher Interest Rates,” which discusses Q4 2022 results for the Canadian publicly traded life insurance companies (lifecos) rated by DBRS Morningstar. Key highlights include the following: -- Top Canadian lifecos had a strong Q4 2022 and continue to generate near-record profitability. -- The big four lifecos benefit from higher interest rates despite the nega...
MFC. MANULIFE FINANCIAL CORPORATION
GWO GREAT-WEST LIFECO INC.
GWO_ps GREAT WEST LIFECO- PFD
GWO.PR.H GREAT-WEST LIFECO PFD. SERIES H
SLF.PR.B SUN LIFE FINANCIAL PFD. (CL A) SER. 2
SLF_ph MANULIFE FINANCIAL CORP
MFC_pl GREAT-WEST LIFECO INC. 5.9% 1ST PFD. SERIES F
GWO.PR.F GREAT-WEST LIFECO INC. 5.2% PFD.
GWO.PR.G GREAT-WEST LIFECO
GWO.PR.I GREAT-WEST LIFECO INC. 5.65% 1ST PFD.
GWO.PR.L GREAT-WEST LIFECO INC. 5.8% 1ST PFD.
GWO.PR.M GREAT-WEST LIFECO INC. PFD. N
GWO.PR.N GREAT-WEST LIFECO INC PFD.
GWO_pp MANULIFE FINANCIAL CL A PFD. SERIES 2
GWO.P.Q MANULIFE FINANCIAL 4.5% PFD. CL A SERIES 3
GWO_pr MANULIFE FINANCIAL PRF P PFD.
GWLIF MANULIFE FINANCIAL CORP. CL 1 SERIES 3 PFD F
MFC.PR.B MANULIFE FINANCIAL CORP PFD.
MFC.PR.C MANULIFE FI PR N PFD.
MFC.PR.P MANULIFE FIN PR O PFD.
MFC.PR.F SUN LIFE FINANCIAL (CL A) PFD. SERIES 1
MFC_ph SUN LIFE FINANCIAL CL A PFD. SERIES 3
MFC_pi SUN LIFE FINANCIAL INC. CL A PFD. SERIES 4
MFC_pj SUN LIFE FINANCIAL INC. CL A PFD. SERIES 5
MFC_pk SUN LIFE FINANCIAL INC PFD.
MFC_pn GREAT WEST LIFECO SERIES T
- Marcos Alvarez
- Michael Driscoll
Canadian Insurance Debt Issuances More Than Halved in 2022 but Expecte...
DBRS Morningstar published a commentary discussing the drivers of the significant slowdown in Canadian insurance debt issuances in 2022 following record issuances in 2020 and 2021. The commentary also discusses the prospects for 2023, which we expect to be moderately more active in terms of debt issuances as Canadian insurers re-enter the market to continue with their acquisition plans and refinance maturing instruments. Key highlights include the following: -- Canadian insurance companies iss...
GWO GREAT-WEST LIFECO INC.
FFH FAIRFAX FINANCIAL HOLDINGS LIMITED
GWO_ps GREAT WEST LIFECO- PFD
GWO.PR.H GREAT-WEST LIFECO PFD. SERIES H
MFC_pl MANULIFE FINANCIAL CORP
IFC FAIRFAX FINANCIAL HOLDINGS LTD PFD.
FFH_pk. FAIRFAX FINANCIAL HOLDINGS LTD. PFD. SERIES C
FRFZF FAIRFAX FINANCIAL HOLDINGS PR D PFD.
FFH_pd FAIRFAX FINANCIAL PFD F
FFH.PR.F FAIRFAX FINANCIAL HOLDINGS LTD. PFD. SERIES E
FFH.PR.E FAIRFAX FINANCIAL HOLDINGS PR H PFD.
FFH_ph FAIRFAX FINANCIAL HOLDINGS LTD
FAXRF FAIRFAX FIN PR J PFD.
FFH_pj FAIRFAX FIN PR M PFD.
FRFXF INTACT FINANCIAL CORP PFD.
FFH_pm INTACT FINANCIAL CORPORATION
FFH/SV GREAT-WEST LIFECO INC. 5.9% 1ST PFD. SERIES F
160570Z GREAT-WEST LIFECO INC. 5.2% PFD.
IFC_pa GREAT-WEST LIFECO
IFC_pc GREAT-WEST LIFECO INC. 5.65% 1ST PFD.
IIC GREAT-WEST LIFECO INC. 5.8% 1ST PFD.
IIC/LV GREAT-WEST LIFECO INC. PFD. N
GWO.PR.F GREAT-WEST LIFECO INC PFD.
GWO.PR.G MANULIFE FINANCIAL CL A PFD. SERIES 2
GWO.PR.I MANULIFE FINANCIAL 4.5% PFD. CL A SERIES 3
GWO.PR.L MANULIFE FINANCIAL PRF P PFD.
GWO.PR.M MANULIFE FINANCIAL CORP. CL 1 SERIES 3 PFD F
GWO.PR.N MANULIFE FINANCIAL CORP PFD.
GWO_pp MANULIFE FI PR N PFD.
GWO.P.Q MANULIFE FIN PR O PFD.
GWO_pr GREAT WEST LIFECO SERIES T
- Elisabeth Rudman
- Marcos Alvarez
GWO_ps GREAT WEST LIFECO- PFD
GWO.PR.H GREAT-WEST LIFECO PFD. SERIES H
IGM CANADA LIFE CAPITAL TRUST
1883Z CANADA LIFE ASSURANCE COMPANY
GWO.PR.F THE
GWO.PR.G GREAT-WEST LIFECO INC. 5.9% 1ST PFD. SERIES F
GWO.PR.I GREAT-WEST LIFECO INC. 5.2% PFD.
GWO.PR.L GREAT-WEST LIFECO
GWO.PR.M GREAT-WEST LIFECO INC. 5.65% 1ST PFD.
GWO.PR.N GREAT-WEST LIFECO INC. 5.8% 1ST PFD.
GWO_pp GREAT-WEST LIFECO INC. PFD. N
GWO.P.Q GREAT-WEST LIFECO INC PFD.
GWO_pr IGM FINANCIAL INC.
GWLIF GREAT WEST LIFECO SERIES T
- Marcos Alvarez
- Michael Driscoll
Great-West Lifeco Inc.: Rating Report
On November 9, 2022, DBRS Ratings GmbH (DBRS Morningstar) confirmed all ratings of Great-West Lifeco Inc. and its related entities, including Great-West’s Issuer Rating at A (high) and The Canada Life Assurance Company’s Financial Strength Rating at AA. The trend on all ratings is Stable.
GWO_ps GREAT WEST LIFECO- PFD
GWO.PR.H GREAT-WEST LIFECO PFD. SERIES H
1883Z CANADA LIFE CAPITAL TRUST
GWO.PR.F CANADA LIFE ASSURANCE COMPANY
GWO.PR.G THE
GWO.PR.I GREAT-WEST LIFECO INC. 5.9% 1ST PFD. SERIES F
GWO.PR.L GREAT-WEST LIFECO INC. 5.2% PFD.
GWO.PR.M GREAT-WEST LIFECO
GWO.PR.N GREAT-WEST LIFECO INC. 5.65% 1ST PFD.
GWO_pp GREAT-WEST LIFECO INC. 5.8% 1ST PFD.
GWO.P.Q GREAT-WEST LIFECO INC. PFD. N
GWO_pr GREAT-WEST LIFECO INC PFD.
GWLIF GREAT WEST LIFECO SERIES T
- Marcos Alvarez
- Michael Driscoll
GWO_ps GREAT WEST LIFECO- PFD
GWO.PR.H GREAT-WEST LIFECO PFD. SERIES H
1883Z CANADA LIFE CAPITAL TRUST
GWO.PR.F CANADA LIFE ASSURANCE COMPANY
GWO.PR.G THE
GWO.PR.I GREAT-WEST LIFECO INC. 5.9% 1ST PFD. SERIES F
GWO.PR.L GREAT-WEST LIFECO INC. 5.2% PFD.
GWO.PR.M GREAT-WEST LIFECO
GWO.PR.N GREAT-WEST LIFECO INC. 5.65% 1ST PFD.
GWO_pp GREAT-WEST LIFECO INC. 5.8% 1ST PFD.
GWO.P.Q GREAT-WEST LIFECO INC. PFD. N
GWO_pr GREAT-WEST LIFECO INC PFD.
GWLIF GREAT WEST LIFECO SERIES T
- Marcos Alvarez
- Nadja Dreff
Great-West Lifeco's Q3 2022 Profitability Affected by Reinsurance Cata...
Great-West Lifeco Inc. reported Q3 2022 base and net earnings of $688 million, a 21% decline compared with the same quarter a year ago. Return on equity (as calculated by DBRS Morningstar) decreased to 11.7%, which is still good in our view considering the challenging macroeconomic environment. Both base and net earnings were negatively affected by a $128 million (after-tax) provision for estimated claims resulting from the impact of Hurricane Ian.
GWO_ps GREAT WEST LIFECO- PFD
GWO.PR.H GREAT-WEST LIFECO PFD. SERIES H
1883Z CANADA LIFE ASSURANCE COMPANY
GWO.PR.F THE
GWO.PR.G GREAT-WEST LIFECO INC. 5.9% 1ST PFD. SERIES F
GWO.PR.I GREAT-WEST LIFECO INC. 5.2% PFD.
GWO.PR.L GREAT-WEST LIFECO
GWO.PR.M GREAT-WEST LIFECO INC. 5.65% 1ST PFD.
GWO.PR.N GREAT-WEST LIFECO INC. 5.8% 1ST PFD.
GWO_pp GREAT-WEST LIFECO INC. PFD. N
GWO.P.Q GREAT-WEST LIFECO INC PFD.
GWO_pr GREAT WEST LIFECO SERIES T
- Marcos Alvarez
- Nadja Dreff
Great-West Lifeco's Q2 2022 Earnings Remain Resilient Despite Macroeco...
Great-West Lifeco Inc. (Great-West) reported Q2 2022 base earnings of $830 million, mostly unchanged from the same quarter a year ago. Despite a volatile economic environment, Great- West managed to produce resilient results during the quarter thanks to its diversified product portfolio, including an increasing footprint in the U.S. retirement services business. Base earnings in H1 2022 remained almost 5% higher compared with H1 2021.
GWO_ps GREAT WEST LIFECO- PFD
GWO.PR.H GREAT-WEST LIFECO PFD. SERIES H
1883Z CANADA LIFE ASSURANCE COMPANY
GWO.PR.F THE
GWO.PR.G GREAT-WEST LIFECO INC. 5.9% 1ST PFD. SERIES F
GWO.PR.I GREAT-WEST LIFECO INC. 5.2% PFD.
GWO.PR.L GREAT-WEST LIFECO
GWO.PR.M GREAT-WEST LIFECO INC. 5.65% 1ST PFD.
GWO.PR.N GREAT-WEST LIFECO INC. 5.8% 1ST PFD.
GWO_pp GREAT-WEST LIFECO INC. PFD. N
GWO.P.Q GREAT-WEST LIFECO INC PFD.
GWO_pr GREAT WEST LIFECO SERIES T
- Elisabeth Rudman
- Marcos Alvarez
Summer of Mayhem Will Compound the Travel Insurance Market’s Woes in 2...
DBRS Morningstar published a commentary assessing the impact of the recent massive flight cancellations and delays on the profitability of travel insurance and the overall credit profiles of insurance companies. Key highlights include the following: -- The rapid increase in travel demand has hit airlines with an unprecedented number of cancelled and delayed flights due to extreme staffing shortages, increased operational requirements, and fleet reductions during the pandemic. -- This material...
MFC. MANULIFE FINANCIAL CORPORATION
GWO GREAT-WEST LIFECO INC.
GWO_ps GREAT WEST LIFECO- PFD
GWO.PR.H GREAT-WEST LIFECO PFD. SERIES H
SLF.PR.B SUN LIFE FINANCIAL PFD. (CL A) SER. 2
SLF_ph MANULIFE FINANCIAL CORP
MFC_pl GREAT-WEST LIFECO INC. 5.9% 1ST PFD. SERIES F
GWO.PR.F GREAT-WEST LIFECO INC. 5.2% PFD.
GWO.PR.G GREAT-WEST LIFECO
GWO.PR.I GREAT-WEST LIFECO INC. 5.65% 1ST PFD.
GWO.PR.L GREAT-WEST LIFECO INC. 5.8% 1ST PFD.
GWO.PR.M GREAT-WEST LIFECO INC. PFD. N
GWO.PR.N GREAT-WEST LIFECO INC PFD.
GWO_pp MANULIFE FINANCIAL CL A PFD. SERIES 2
GWO.P.Q MANULIFE FINANCIAL 4.5% PFD. CL A SERIES 3
GWO_pr MANULIFE FINANCIAL PRF P PFD.
GWLIF MANULIFE FINANCIAL CORP. CL 1 SERIES 3 PFD F
MFC.PR.B MANULIFE FINANCIAL CORP PFD.
MFC.PR.C MANULIFE FI PR N PFD.
MFC.PR.P MANULIFE FIN PR O PFD.
MFC.PR.F SUN LIFE FINANCIAL (CL A) PFD. SERIES 1
MFC_ph SUN LIFE FINANCIAL CL A PFD. SERIES 3
MFC_pi SUN LIFE FINANCIAL INC. CL A PFD. SERIES 4
MFC_pj SUN LIFE FINANCIAL INC. CL A PFD. SERIES 5
MFC_pk SUN LIFE FINANCIAL INC PFD.
MFC_pn GREAT WEST LIFECO SERIES T
- Marcos Alvarez
- Nadja Dreff
Great-West Lifeco Reports Consistent Results in Q1 2022 Despite Uncert...
Great-West Lifeco Inc. reported Q1 2022 quarterly base earnings of $809 million, an increase of 12% on a constant exchange rate basis compared with Q1 2021. The improved results were driven by strong growth in the U.S., Europe, and Capital & Risk Solutions segments that was partially offset by a decline in Canadian earnings, which were negatively affected by adverse experience in Group Long-Term Disability and lower new business impact in Individual Insurance.
GWO_ps GREAT WEST LIFECO- PFD
GWO.PR.H GREAT-WEST LIFECO PFD. SERIES H
GWO.PR.F GREAT-WEST LIFECO INC. 5.9% 1ST PFD. SERIES F
GWO.PR.G GREAT-WEST LIFECO INC. 5.2% PFD.
GWO.PR.I GREAT-WEST LIFECO
GWO.PR.L GREAT-WEST LIFECO INC. 5.65% 1ST PFD.
GWO.PR.M GREAT-WEST LIFECO INC. 5.8% 1ST PFD.
GWO.PR.N GREAT-WEST LIFECO INC. PFD. N
GWO_pp GREAT-WEST LIFECO INC PFD.
GWO.P.Q GREAT WEST LIFECO SERIES T
- Marcos Alvarez
- Nadja Dreff
Canada's Federal Budget Affects Life Insurers through New Health Benef...
Canada's federal budget that was tabled on April 7, 2022, contains several measures affecting life insurance companies. For example, the budget offered additional details on the government's previously announced prescription drugs and dental benefit programs as well as income tax increases arising from both permanent and temporary tax measures, including from IFRS 17 adoption. The budget also makes climate-related disclosures mandatory for insurance companies and banks starting in 2024. Key hig...
MFC. MANULIFE FINANCIAL CORPORATION
GWO GREAT-WEST LIFECO INC.
GWO_ps GREAT WEST LIFECO- PFD
GWO.PR.H GREAT-WEST LIFECO PFD. SERIES H
SLF.PR.B SUN LIFE FINANCIAL PFD. (CL A) SER. 2
SLF_ph MANULIFE FINANCIAL CORP
MFC_pl GREAT-WEST LIFECO INC. 5.9% 1ST PFD. SERIES F
GWO.PR.F GREAT-WEST LIFECO INC. 5.2% PFD.
GWO.PR.G GREAT-WEST LIFECO
GWO.PR.I GREAT-WEST LIFECO INC. 5.65% 1ST PFD.
GWO.PR.L GREAT-WEST LIFECO INC. 5.8% 1ST PFD.
GWO.PR.M GREAT-WEST LIFECO INC. PFD. N
GWO.PR.N GREAT-WEST LIFECO INC PFD.
GWO_pp MANULIFE FINANCIAL CL A PFD. SERIES 2
GWO.P.Q MANULIFE FINANCIAL 4.5% PFD. CL A SERIES 3
GWO_pr MANULIFE FINANCIAL PRF P PFD.
GWLIF MANULIFE FINANCIAL CORP. CL 1 SERIES 3 PFD F
MFC.PR.B MANULIFE FINANCIAL CORP PFD.
MFC.PR.C MANULIFE FI PR N PFD.
MFC.PR.P MANULIFE FIN PR O PFD.
MFC.PR.F SUN LIFE FINANCIAL (CL A) PFD. SERIES 1
MFC_ph SUN LIFE FINANCIAL CL A PFD. SERIES 3
MFC_pi SUN LIFE FINANCIAL INC. CL A PFD. SERIES 4
MFC_pj SUN LIFE FINANCIAL INC. CL A PFD. SERIES 5
MFC_pk SUN LIFE FINANCIAL INC PFD.
MFC_pn GREAT WEST LIFECO SERIES T
GREAT WEST LIFECO increases its risk exposure and slightly lowers to N...
GREAT WEST LIFECO (CA), a company active in the Life Insurance industry, now shows a lower overall rating. The independent financial analyst theScreener confirms the fundamental rating of 2 out of 4 stars. However, the market behaviour deterioration triggered a risk requalification, which can be thus described as moderately risky. theScreener believes that increased risk justifies the general evaluation downgrade to Neutral. As of the analysis date March 29, 2022, the closing price was CAD 36.65...
- Marcos Alvarez
- Nadja Dreff
Canada's Road to Net Zero, and the Potential Impact on the Ratings of ...
Canada has committed to attaining net-zero greenhouse gas (GHG) emissions by 2050 and subsequently set its target goals into law in June 2021. It joins only about a dozen other jurisdictions around the world that have introduced net-zero laws. Canadian insurance companies are also increasingly making commitments to achieve net zero emissions in their operations and in their investment portfolios by 2050. Key highlights include: -- Canada's transition to net-zero greenhouse gas emissions will b...
MFC. MANULIFE FINANCIAL CORPORATION
GWO GREAT-WEST LIFECO INC.
GWO_ps GREAT WEST LIFECO- PFD
GWO.PR.H GREAT-WEST LIFECO PFD. SERIES H
SLF.PR.B SUN LIFE FINANCIAL PFD. (CL A) SER. 2
SLF_ph MANULIFE FINANCIAL CORP
MFC_pl CO-OPERATORS FINANCIAL SERVICES LIMITED
61926Z GREAT-WEST LIFECO INC. 5.9% 1ST PFD. SERIES F
312791 GREAT-WEST LIFECO INC. 5.2% PFD.
GWO.PR.F GREAT-WEST LIFECO
GWO.PR.G GREAT-WEST LIFECO INC. 5.65% 1ST PFD.
GWO.PR.I GREAT-WEST LIFECO INC. 5.8% 1ST PFD.
GWO.PR.L GREAT-WEST LIFECO INC. PFD. N
GWO.PR.M GREAT-WEST LIFECO INC PFD.
GWO.PR.N MANULIFE FINANCIAL CL A PFD. SERIES 2
GWO_pp MANULIFE FINANCIAL 4.5% PFD. CL A SERIES 3
GWO.P.Q MANULIFE FINANCIAL PRF P PFD.
GWO_pr MANULIFE FINANCIAL CORP. CL 1 SERIES 3 PFD F
GWLIF MANULIFE FINANCIAL CORP PFD.
MFC.PR.B MANULIFE FI PR N PFD.
MFC.PR.C MANULIFE FIN PR O PFD.
MFC.PR.P SUN LIFE FINANCIAL (CL A) PFD. SERIES 1
MFC.PR.F SUN LIFE FINANCIAL CL A PFD. SERIES 3
MFC_ph SUN LIFE FINANCIAL INC. CL A PFD. SERIES 4
MFC_pi SUN LIFE FINANCIAL INC. CL A PFD. SERIES 5
MFC_pj SUN LIFE FINANCIAL INC PFD.
MFC_pk GREAT WEST LIFECO SERIES T
- Elisabeth Rudman
- Marcos Alvarez
Canadian Insurance Debt Issuance: Strong in 2021 but Likely to Wane in...
Canadian insurance debt issuance in 2021 decreased 10% compared with 2020 levels but remained well above historical averages for the industry. Canadian insurance companies issued almost $12 billion in bonds and preferred shares in 2021, supporting our view that the industry continues to benefit from strong access to funding, particularly for large international acquisitions. However, insurance debt issuances are likely to temper in 2022. Key highlights include: -- Canadian insurance companies ...
GWO GREAT-WEST LIFECO INC.
GWO_ps GREAT WEST LIFECO- PFD
GWO.PR.H GREAT-WEST LIFECO PFD. SERIES H
SLF.PR.B SUN LIFE FINANCIAL PFD. (CL A) SER. 2
SLF_ph INTACT FINANCIAL CORP PFD.
IFC INTACT FINANCIAL CORPORATION
IFC_pa GREAT-WEST LIFECO INC. 5.9% 1ST PFD. SERIES F
IFC_pc GREAT-WEST LIFECO INC. 5.2% PFD.
IIC GREAT-WEST LIFECO
IIC/LV GREAT-WEST LIFECO INC. 5.65% 1ST PFD.
GWO.PR.F GREAT-WEST LIFECO INC. 5.8% 1ST PFD.
GWO.PR.G GREAT-WEST LIFECO INC. PFD. N
GWO.PR.I GREAT-WEST LIFECO INC PFD.
GWO.PR.L SUN LIFE FINANCIAL (CL A) PFD. SERIES 1
GWO.PR.M SUN LIFE FINANCIAL CL A PFD. SERIES 3
GWO.PR.N SUN LIFE FINANCIAL INC. CL A PFD. SERIES 4
GWO_pp SUN LIFE FINANCIAL INC. CL A PFD. SERIES 5
GWO.P.Q SUN LIFE FINANCIAL INC PFD.
GWO_pr GREAT WEST LIFECO SERIES T
- Marcos Alvarez
- Michael Driscoll
GWO GREAT-WEST LIFECO INC.
GWO_ps GREAT WEST LIFECO- PFD
GWO.PR.H GREAT-WEST LIFECO PFD. SERIES H
MFC_pl MANULIFE FINANCIAL CORP
IGM CANADA LIFE CAPITAL TRUST
1883Z CANADA LIFE ASSURANCE COMPANY
GWO.PR.F THE
GWO.PR.G GREAT-WEST LIFECO INC. 5.9% 1ST PFD. SERIES F
GWO.PR.I GREAT-WEST LIFECO INC. 5.2% PFD.
GWO.PR.L GREAT-WEST LIFECO
GWO.PR.M GREAT-WEST LIFECO INC. 5.65% 1ST PFD.
GWO.PR.N GREAT-WEST LIFECO INC. 5.8% 1ST PFD.
GWO_pp GREAT-WEST LIFECO INC. PFD. N
GWO.P.Q GREAT-WEST LIFECO INC PFD.
GWO_pr MANULIFE FINANCIAL CL A PFD. SERIES 2
GWLIF MANULIFE FINANCIAL 4.5% PFD. CL A SERIES 3
MFC.PR.B MANULIFE FINANCIAL PRF P PFD.
MFC.PR.C MANULIFE FINANCIAL CORP. CL 1 SERIES 3 PFD F
MFC.PR.P MANULIFE FINANCIAL CORP PFD.
MFC.PR.F MANULIFE FI PR N PFD.
MFC_ph MANULIFE FIN PR O PFD.
MFC_pi MANUFACTURERS LIFE INSURANCE COMPANY
MFC_pj THE
MFC_pk IGM FINANCIAL INC.
MFC_pn MANULIFE BANK OF CANADA
MFC.PR.O GREAT WEST LIFECO SERIES T
- Marcos Alvarez
- Michael Driscoll
GWO_ps GREAT WEST LIFECO- PFD
GWO.PR.H GREAT-WEST LIFECO PFD. SERIES H
1883Z CANADA LIFE CAPITAL TRUST
GWO.PR.F CANADA LIFE ASSURANCE COMPANY
GWO.PR.G THE
GWO.PR.I GREAT-WEST LIFECO INC. 5.9% 1ST PFD. SERIES F
GWO.PR.L GREAT-WEST LIFECO INC. 5.2% PFD.
GWO.PR.M GREAT-WEST LIFECO
GWO.PR.N GREAT-WEST LIFECO INC. 5.65% 1ST PFD.
GWO_pp GREAT-WEST LIFECO INC. 5.8% 1ST PFD.
GWO.P.Q GREAT-WEST LIFECO INC. PFD. N
GWO_pr GREAT-WEST LIFECO INC PFD.
GWLIF GREAT WEST LIFECO SERIES T
- Carl De Souza
- Michael Driscoll
- Nadja Dreff
Canadian Banks' and Insurers' Strong Capitalization and Liquidity Leve...
Canada's largest banks and life insurers have maintained relatively strong performance through the peak of the Coronavirus Disease (COVID-19) pandemic. Regulatory capital levels have increased for banks and stayed at healthy levels for insurers. As a result, the Office of the Superintendent of Financial Institutions (OSFI) announced on November 4, 2021, that it is immediately lifting its restrictions on dividend increases and share buybacks. Capital management activity restrictions were impleme...
SLF. ROYAL BANK OF CANADA
RY. MANULIFE FINANCIAL CORPORATION
MFC. BANK OF NOVA SCOTIA
BNS. GREAT-WEST LIFECO INC.
BMO. BANK NOVA SCOTIA PFD.
CM GREAT WEST LIFECO- PFD
NA ROYAL BANK OF CANADA 4.90% PFD. SERIES W
GWO CANADIAN IMPERIAL BANK OF COMMERCE
BNS.PR.F GREAT-WEST LIFECO PFD. SERIES H
GWO_ps BANK OF MONTREAL PFD.
RY.PR.W SUN LIFE FINANCIAL PFD. (CL A) SER. 2
CM_po BANK OF NOVA SCOTIA PFD.
GWO.PR.H NATIONAL BANK OF CANADA
BMO_pr MANULIFE FINANCIAL CORP
SLF.PR.B BANK OF MONTREAL PR B PFD.
SLF_ph NATIONAL BANK OF CANADA PR X PFD.
BNS_pb TORONTO-DOMINION BANK C PFD.
BMO_py BANK OF MONTREAL
NA.PR.W BANK OF MONTREAL CL B SERIES 25 PFD.
MFC_pl BANK OF MONTREAL CL B SERIES 10 PFD.
BMO.PR.B BANK OF MONTREAL- PFD
NA.PR.X ROYAL BANK OF CANADA PFD.
TD_pfc ROYAL BANK OF CANADA 1ST PFD.
ROYAL BANK OF CANADA 1ST PFD. SERIES AE
BMO.PR.Q ROYAL BANK OF CANADA PFD. H
BMO.PR.A ROYAL BANK OF CANADA- PFD
BMO_ps ROYAL BANK CANADA MONTREAL QUEBEC PR J PFD.
RY.PR.A ROYAL BANK PR M PFD.
RY.PR.C ROYAL BANK PR P PFD.
RY.PR.E ROYAL BANK PR Q PFD.
RY.PR.F ROYAL BANK OF CANADA - PREF SHARE
RY_pz NATIONAL BANK OF CANADA PFD. SERIES 15
RY_pj NATIONAL BANK OF CANADA- PFD
RY_pm NATIONAL BNK CAN PFD.
RY_pp CANADIAN IMPERIAL BANK OF COMMERCE CL A
RY_pq CANADIAN IMPERIAL BANK OF COMMERCE SERIES 32 PFD.
RYPRT CANADIAN IMPERIAL BANK OF COMMERCE PFD. CL A
RY/TO TORONTO DOMINION PFD.
NA.PR.K TORONTO-DOMINION BANK D PFD.
NA_ps TORONTO DOMINION BANK
NA.PR.A TORONTO-DOMINI PFD.
CM_pq BANK OF NOVA SCOTIA PRD PFD.
TD.PF.B BANK OF NOVA SCOTIA 5-YEAR PFD. SERIES 30
TD_pfd BANK OF NOVA SCOTIA 5-YEAR PFD. SERIES 32
TD_pfe BANK OF NOVA SCOTIA PR G PFD.
TD.PF.H BANK OF NOVA SCOTIA H PFD.
BNS_pd GREAT-WEST LIFECO INC. 5.9% 1ST PFD. SERIES F
BNS.PR.Y GREAT-WEST LIFECO INC. 5.2% PFD.
BNS.PR.Z GREAT-WEST LIFECO
BNS.PR.G GREAT-WEST LIFECO INC. 5.65% 1ST PFD.
BNS.PR.H GREAT-WEST LIFECO INC. 5.8% 1ST PFD.
GWO.PR.F GREAT-WEST LIFECO INC. PFD. N
GWO.PR.G GREAT-WEST LIFECO INC PFD.
GWO.PR.I MANULIFE FINANCIAL CL A PFD. SERIES 2
GWO.PR.L MANULIFE FINANCIAL 4.5% PFD. CL A SERIES 3
GWO.PR.M MANULIFE FINANCIAL PRF P PFD.
GWO.PR.N MANULIFE FINANCIAL CORP. CL 1 SERIES 3 PFD F
GWO_pp MANULIFE FINANCIAL CORP PFD.
GWO.P.Q MANULIFE FI PR N PFD.
GWO_pr MANULIFE FIN PR O PFD.
GWLIF SUN LIFE FINANCIAL (CL A) PFD. SERIES 1
MFC.PR.B SUN LIFE FINANCIAL CL A PFD. SERIES 3
MFC.PR.C SUN LIFE FINANCIAL INC. CL A PFD. SERIES 4
MFC.PR.P SUN LIFE FINANCIAL INC. CL A PFD. SERIES 5
MFC.PR.F SUN LIFE FINANCIAL INC PFD.
MFC_pg GREAT WEST LIFECO SERIES T
MFC_ph BANK OF MONTREAL SERIES 44 CLASS B
MFC_pi NATIONAL BANK OF CANADA PFD SERIES 40
MFC_pj TORONTO-DOMINION BANK
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