Strong earnings momentum from our publicly traded operating companies
Great-West Lifeco delivered strong earnings momentum and capital generation in excess of its targets while strengthening its leadership across retirement, wealth, and insurance.
IGM, through IG Wealth and Mackenzie, achieved record AUM&A[1], driven by solid net flows and favourable market performance. Both businesses are well positioned to deliver sustained earnings growth.
Cash flow strength supports growth and capital return strategy
Strong cash generation across our operating companies, including $1.9 billion in dividends received from Great‑West Lifeco and IGM.
Power returned $2.3 billion to shareholders, including $711 million of share repurchases, while continuing to invest in its businesses.
Power strengthened its balance sheet, including the issuances of preferred shares totalling $400 million.
Power announced a 9% dividend increase in March 2026.
NAV-focused assets continue to grow
GBL continued to simplify its portfolio, enhancing its quality and increasing the focus on private assets.
Sagard grew its platform through acquisitions, partnerships and fundraising.
Power Sustainable achieved fundraising milestones including the closing of its inaugural Infrastructure Credit Fund.
Wealthsimple surpassed $100 billion in AUA[1] and serves over 3 million clients.
Rockefeller Capital Management closed its recapitalization transaction, increasing the value of IGM’s investment by 89%[2].
SEE FOOTNOTES, INCLUDING NOTES ON OTHER MEASURES
- Refer to the section “Other Measures” in the Review of Financial Performance of the Corporation’s 2025 Annual Report.
- Inclusive of distributions received as part of the transaction.
