This report should not be construed as providing investment advice. It is for educational purposes only.  Before making any investment decision, you should always do your own research or consult a investment professional.
While I try to be accurate, I assume no responsibility for any figure in this spreadsheet. Estimates Estimates Estimates
See my website on stocks or see my blog at the following sites.  https://spbrunner.com/stocks.html https://spbrunner.blogspot.com/ Q2 2023
Great-West Lifeco Inc TSX: GWO OTC: GWLIF https://www.greatwestlifeco.com/ Fiscal Yr: Dec 31
Year 12/31/10 12/31/11 12/31/12 12/31/13 12/31/14 12/31/15 12/31/16 12/31/17 12/31/18 12/31/19 12/31/20 12/31/21 12/31/22 12/31/23 12/31/24 12/31/25 Value Description #Y Item Total G
Accounting Rules C GAAP IFRS IFRS IFRS IFRS IFRS IFRS IFRS IFRS IFRS IFRS IFRS IFRS IFRS IFRS IFRS Accounting Rules
Split Dates
Splits Splits
$1,086,576 <-12 mths 5.17%
Assets Under Management $364,158 $364,158 $511,119 $572,980 $652,415 $659,127 $698,792 $709,353 $771,715 $951,433 $1,007,643 $1,033,189 183.72% <-Total Growth 10 Assets Under Mge From Td
Increase 0.00% 40.36% 12.10% 13.86% 1.03% 6.02% 1.51% 8.79% 23.29% 5.91% 2.54% 10.99% <-IRR #YR-> 10 Assets Under Mge 183.72%
5 year Running Average $492,966 $551,960 $618,887 $658,533 $698,280 $758,084 $827,787 $894,667 8.14% <-IRR #YR-> 5 Assets Under Mge 47.85%
AUM per Share $0.02 $0.03 $0.03 $0.03 $0.03 $0.04 $0.04 $0.03 $0.04 $0.03 $0.04 $0.03 8.38% <-IRR #YR-> 6 5 year Running Average 31.13%
Assets Under Management in Millions AUM per Sh 10 yr  $0.03 5 yr  $0.03 7.65% <-IRR #YR-> 5 5 year Running Average -5.38%
$2,798,794 <-12 mths 12.05%
Assets Under Admin $501,965 $545,771 $758,258 $1,063,333 $1,212,517 $1,248,418 $1,349,913 $1,398,873 $1,629,681 $1,975,847 $2,279,574 $2,497,712 357.65% <-Total Growth 10 Assets Under Mge From Td
Increase 8.73% 38.93% 40.23% 14.03% 2.96% 8.13% 3.63% 16.50% 21.24% 15.37% 9.57% 16.43% <-IRR #YR-> 10 Assets Under Mge 357.65%
5 year Running Average $816,369 $965,659 $1,126,488 $1,254,611 $1,367,880 $1,520,546 $1,726,778 $1,956,337 13.10% <-IRR #YR-> 5 Assets Under Mge 85.03%
Price /AUM Ratio 0.000041 0.000045 0.000043 0.000032 0.000028 0.000028 0.000026 0.000020 0.000020 0.000015 0.000017 0.000013 12.49% <-IRR #YR-> 6 5 year Running Average -71.91%
Assets Under Admint in Millions P/AUM 10 yr  0.00 5 yr  0.00 11.67% <-IRR #YR-> 5 5 year Running Average -51.81%
$34,017 <-12 mths -23.83%
Total Net Premiums $17,748 $17,293 $18,820 $20,236 $21,222 $24,501 $31,125 $33,902 $35,461 $24,510 $43,019 $52,813 $52,821 $5,096 <-12 mths 180.66% <-Total Growth 10 Total Net Premiums
Investment Income. $5,743 $5,538 $5,653 $5,604 $6,010 $6,271 $6,252 $6,141 $6,358 $6,161 $5,963 $6,393 $8,146 $8,324 <-12 mths 44.10% <-Total Growth 10 Investment Income.
Fee and other Income $2,874 $2,903 $2,945 $3,585 $4,422 $5,058 $5,101 $5,608 $5,819 $7,081 $5,902 $7,294 $7,598 $5,732 <-12 mths 158.00% <-Total Growth 10 Fee and other Income
Total   $26,365 $25,734 $27,418 $29,425 $31,654 $35,830 $42,478 $45,651 $47,638 $37,752 $54,884 $66,500 $68,565 $19,152 <-12 mths 150.07% <-Total Growth 10 Total  
Change -2.54% -2.39% 6.54% 7.32% 7.58% 13.19% 18.55% 7.47% 4.35% -20.75% 45.38% 21.16% 3.11% -72.07% 7.52% <-Median-> 10 Change
Or---> $10,150 $10,980
Revenue* $29,998 $29,898 $30,061 $26,446 $39,181 $33,820 $46,381 $47,008 $44,032 $44,698 $60,583 $64,417 $44,662 $67,301 $69,578 $71,975 48.57% <-Total Growth 10 Revenue
Increase -1.78% -0.33% 0.55% -12.03% 48.15% -13.68% 37.14% 1.35% -6.33% 1.51% 35.54% 6.33% -30.67% 50.69% 3.38% 3.45% 4.04% <-IRR #YR-> 10 Revenue 48.57%
5 year Running Average $29,175 $30,058 $30,886 $29,389 $31,117 $31,881 $35,178 $38,567 $42,084 $43,188 $48,540 $52,148 $51,678 $56,332 $61,308 $63,587 -1.02% <-IRR #YR-> 5 Revenue -4.99%
Revenue per Share $31.63 $31.48 $31.62 $26.46 $39.31 $34.05 $47.02 $47.54 $44.58 $48.20 $65.29 $69.22 $47.93 $72.22 $74.67 $77.24 5.28% <-IRR #YR-> 10 5 yr Running Average 67.32%
Increase -2.13% -0.47% 0.46% -16.32% 48.56% -13.39% 38.11% 1.11% -6.24% 8.13% 35.45% 6.01% -30.76% 50.69% 3.38% 3.45% 6.03% <-IRR #YR-> 5 5 yr Running Average 34.00%
5 year Running Average $31.50 $32.08 $32.60 $30.70 $32.10 $32.58 $35.69 $38.88 $42.50 $44.28 $50.53 $54.97 $55.04 $60.57 $65.87 $68.26 4.25% <-IRR #YR-> 10 Revenue per Share 51.56%
P/S (Price/Sales) Med 0.84 0.75 0.71 1.09 0.80 1.01 0.72 0.75 0.70 0.64 0.42 0.50 0.73 0.50 0.00 0.00 0.16% <-IRR #YR-> 5 Revenue per Share 0.81%
P/S (Price/Sales) Close 0.83 0.65 0.77 1.24 0.85 1.01 0.75 0.74 0.63 0.69 0.46 0.55 0.65 0.57 0.55 0.53 5.38% <-IRR #YR-> 10 5 yr Running Average 68.85%
*Total Revenue in M CDN $  P/S Med 20 yr  0.75 15 yr  0.73 10 yr  0.73 5 yr  0.64 -21.77% Diff M/C 7.20% <-IRR #YR-> 5 5 yr Running Average 41.59%
-$30,061 $0 $0 $0 $0 $0 $0 $0 $0 $0 $44,662
-$47,008 $0 $0 $0 $0 $44,662
-$30,886 $0 $0 $0 $0 $0 $0 $0 $0 $0 $51,678
-$38,567 $0 $0 $0 $0 $51,678
-$31.62 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $47.93
-$47.54 $0.00 $0.00 $0.00 $0.00 $47.93
-$32.60 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $55.04
-$38.88 $0.00 $0.00 $0.00 $0.00 $55.04
$3,326 <-12 mths 3.32%
$3.56 <-12 mths 3.13%
Adjusted Profit CDN$ $1,657 $2,239 $2,208 $2,498 $2,761 $3,011 $2,685 $2,647 $3,017 $2,704 $2,669 $3,260 $3,219 45.79% <-Total Growth 10 Adjusted Profit CDN$
Basic $1.75 $2.13 $1.90 $2.34 $2.55 $2.77 $2.71 $2.68 $3.05 $2.86 $2.88 $3.51 $3.46 81.84% <-Total Growth 10 AEPS WebBroker
AEPS* Dilued $1.75 $2.11 $1.89 $2.30 $2.55 $2.77 $2.71 $2.67 $3.05 $2.86 $2.88 $3.50 $3.45 $3.82 $4.04 $4.27 82.65% <-Total Growth 10 AEPS Estimates
Increase 1.57% 20.96% -10.51% 21.53% 10.84% 8.72% -2.18% -1.32% 14.16% -6.34% 0.74% 21.68% -1.43% 10.66% 5.76% 5.69% 10 0 10 Years of Data, EPS P or N 100.00%
5 year Running Average $1.88 $1.88 $1.80 $1.95 $2.12 $2.32 $2.44 $2.60 $2.75 $2.81 $2.83 $2.99 $3.15 $3.30 $3.54 $3.82 6.21% <-IRR #YR-> 10 AEPS 82.65%
AEPS Yield 6.61% 10.35% 7.76% 7.01% 7.58% 8.02% 7.70% 7.61% 10.82% 8.59% 9.48% 9.23% 11.03% 9.29% 9.83% 10.36% 5.26% <-IRR #YR-> 5 AEPS 29.20%
Payout Ratio 70.45% 58.24% 65.08% 53.55% 48.31% 47.11% 51.12% 54.94% 51.01% 57.82% 60.88% 51.51% 56.78% 54.45% 51.49% 48.71% 5.73% <-IRR #YR-> 10 5 yr Running Average 74.49%
5 year Running Average 62.00% 64.77% 68.52% 63.77% 59.12% 54.46% 53.03% 51.01% 50.50% 52.40% 55.15% 55.23% 55.60% 56.29% 55.02% 52.59% 3.91% <-IRR #YR-> 5 5 yr Running Average 21.16%
Price/AEPS Median 15.15 11.13 11.86 12.53 12.34 12.43 12.58 13.30 10.26 10.81 9.46 9.82 10.14 9.45 0.00 0.00 11.58 <-Median-> 10 Price/AEPS Median
Price/AEPS High 16.71 13.15 13.23 14.51 13.30 13.55 13.68 14.13 11.64 11.97 12.27 11.31 11.98 10.65 0.00 0.00 12.78 <-Median-> 10 Price/AEPS High
Price/AEPS Low 13.59 9.11 10.49 10.54 11.37 11.31 11.49 12.47 8.88 9.66 6.66 8.34 8.30 8.25 0.00 0.00 10.10 <-Median-> 10 Price/AEPS Low
Price/AEPS Close 15.12 9.66 12.88 14.26 13.19 12.47 12.99 13.14 9.24 11.64 10.55 10.84 9.07 10.76 10.17 9.65 12.06 <-Median-> 10 Price/AEPS Close
Trailing P/AEPS Close 15.36 11.68 11.53 17.33 14.62 13.56 12.71 12.96 10.55 10.90 10.62 13.19 8.94 11.91 10.76 10.20 12.83 <-Median-> 10 Trailing P/AEPS Close
Median Values DPR 10 Yrs 52.53% 5 Yrs   56.78% P/CF 5 Yrs   in order 10.14 11.97 8.34 10.55 6.10% Diff M/C DPR 75% to 95% best
* Base EPS, Base Earnings
-$1.89 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $3.45
-$2.67 $0.00 $0.00 $0.00 $0.00 $3.45
-$1.80 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $3.15
-$2.60 $0.00 $0.00 $0.00 $0.00 $3.15
$3.37 <-12 mths 0.27%
pre-split 04
EPS Basic $1.75 $2.13 $1.90 $2.34 $2.55 $2.77 $2.67 $2.17 $3.00 $2.49 $3.17 $3.37 $3.46 81.84% <-Total Growth 10 EPS Basic
pre-split 04 $3.45
EPS Diluted* $1.75 $2.11 $1.89 $2.30 $2.55 $2.77 $2.66 $2.17 $2.99 $2.49 $3.17 $3.36 $3.36 $3.18 $4.00 $4.26 77.78% <-Total Growth 10 EPS Diluted
Increase 1.57% 20.96% -10.51% 21.53% 10.84% 8.72% -3.79% -18.51% 37.97% -16.73% 27.28% 5.89% 0.00% -5.36% 25.79% 6.50% 10 0 10 Years of Data, EPS P or N
Earnings Yield 6.6% 10.4% 7.8% 7.0% 7.6% 8.0% 7.6% 6.2% 10.6% 7.5% 10.5% 8.9% 10.7% 7.7% 9.7% 10.3% 5.92% <-IRR #YR-> 10 Earnings 77.78%
5 year Running Average $1.88 $1.88 $1.80 $1.95 $2.12 $2.32 $2.43 $2.49 $2.63 $2.62 $2.70 $2.84 $3.08 $3.11 $3.41 $3.63 9.14% <-IRR #YR-> 5 Earnings 54.84%
10 year Running Average $1.65 $1.79 $1.86 $1.94 $2.02 $2.10 $2.16 $2.15 $2.29 $2.37 $2.51 $2.64 $2.78 $2.87 $3.02 $3.17 5.48% <-IRR #YR-> 10 5 yr Running Average 70.51%
* Diluted ESP per share  E/P 10 Yrs 7.80% 5Yrs 10.45% 4.33% <-IRR #YR-> 5 5 yr Running Average 23.59%
-$1.89 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $3.36
-$2.17 $0.00 $0.00 $0.00 $0.00 $3.36
-$1.80 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $3.08
-$2.49 $0.00 $0.00 $0.00 $0.00 $3.08
Dividend* $2.05 $2.14 $2.20 Dividend*
Increase 4.59% 4.39% 2.80% Increase
Payout Ratio EPS 64.47% 53.50% 51.64% Estimates Payout Ratio EPS
Special Dividends $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 <-Median-> 10 Special Dividends
pre-split 96
pre-split 98
pre-split 04
Dividend* $1.230 $1.230 $1.230 $1.230 $1.230 $1.304 $1.384 $1.468 $1.556 $1.652 $1.7520 $1.8040 $1.9600 $2.0800 $2.0800 $2.0800 59.35% <-Total Growth 10 Dividends
Increase 0.00% 0.00% 0.00% 0.00% 0.00% 6.02% 6.13% 6.07% 5.99% 6.17% 6.05% 2.97% 8.65% 6.12% 0.00% 0.00% 24 0 34 Years of data, Count P, N
Average Increases 5 Year Running 8.90% 6.00% 3.14% 0.50% 0.00% 1.20% 2.43% 3.64% 4.84% 6.08% 6.08% 5.45% 5.97% 5.99% 4.76% 3.55% 4.24% <-Median-> 10 Average Incr 5 Year Running
Dividends 5 Yr Running $1.13 $1.19 $1.22 $1.23 $1.23 $1.24 $1.28 $1.32 $1.39 $1.47 $1.56 $1.65 $1.74 $1.85 $1.94 $2.00 42.55% <-Total Growth 10 Dividends 5 Yr Running
Yield H/L Price 4.65% 5.23% 5.49% 4.28% 3.92% 3.79% 4.06% 4.13% 4.97% 5.35% 6.43% 5.24% 5.60% 5.76% 4.62% <-Median-> 10 Yield H/L Price
Yield on High  Price 4.22% 4.43% 4.92% 3.69% 3.63% 3.48% 3.74% 3.89% 4.38% 4.83% 4.96% 4.56% 4.74% 5.11% 4.14% <-Median-> 10 Yield on High  Price
Yield on Low Price 5.18% 6.39% 6.21% 5.08% 4.25% 4.16% 4.45% 4.41% 5.74% 5.99% 9.14% 6.18% 6.84% 6.60% 5.41% <-Median-> 10 Yield on Low Price
Yield on Close Price 4.66% 6.03% 5.05% 3.76% 3.66% 3.78% 3.94% 4.18% 5.52% 4.97% 5.77% 4.75% 6.26% 5.06% 5.06% 5.05% 4.47% <-Median-> 10 Yield on Close Price
Payout Ratio EPS 70.45% 58.24% 65.08% 53.55% 48.31% 47.11% 51.97% 67.65% 51.97% 66.27% 55.22% 53.69% 58.33% 65.41% 52.00% 48.83% 53.62% <-Median-> 10 DPR EPS
DPR EPS 5 Yr Running 60.12% 63.18% 67.85% 62.99% 58.07% 53.60% 52.43% 53.17% 52.83% 56.27% 57.90% 58.01% 56.72% 59.41% 56.67% 55.09% 56.49% <-Median-> 10 DPR EPS 5 Yr Running
Payout Ratio CFPS 20.12% 24.12% 24.76% 24.46% 22.52% 25.28% 21.83% 21.48% 23.67% 25.07% 16.92% 16.18% 25.92% 72.30% #VALUE! #DIV/0! 23.10% <-Median-> 10 DPR CF
DPR CF 5 Yr Running 24.72% 25.14% 25.02% 24.22% 23.06% 24.20% 23.66% 22.95% 22.86% 23.38% 21.29% 19.84% 20.66% 24.00% #VALUE! #DIV/0! 23.01% <-Median-> 10 DPR CF 5 Yr Running
Payout Ratio CFPS WC 66.93% 43.20% 45.39% 44.20% 36.17% 23.63% -247.76% 114.83% 21.74% -37.68% -61.88% 28.22% 6.60% 4.46% #VALUE! #DIV/0! 22.69% <-Median-> 10 DPR CF WC
DPR CF WC 5 Yr Running 37.07% 43.04% 49.99% 72.29% 45.30% 36.07% 46.04% 53.27% 41.34% 81.75% 1184.67% 108.15% 24.21% 12.26% #VALUE! #DIV/0! 49.66% <-Median-> 10 DPR CF WC 5 Yr Running
Median Values 10 Yr Med 10 Yr Cl 4.62% 4.47% 5 Yr Med 5 Yr Cl 5.35% 5.52% 5 Yr Med Payout 55.22% 23.67% 6.60% 5.95% <-IRR #YR-> 5 Dividends 33.51%
* Dividends per share  10 Yr Med and Cur. 9.47% 13.28% 5 Yr Med and Cur. -5.35% -8.35% Last Div Inc ---> $0.490 $0.520 6.12% 4.77% <-IRR #YR-> 10 Dividends 59.35%
Dividends Growth 15 4.18% <-IRR #YR-> 15 Dividends 84.91%
Dividends Growth 20 7.37% <-IRR #YR-> 20 Dividends 314.81%
Dividends Growth 25 9.90% <-IRR #YR-> 25 Dividends 959.46%
Dividends Growth 30 12.17% <-IRR #YR-> 30 Dividends 3036.00%
Dividends Growth 35 10.67% <-IRR #YR-> 34 Dividends
Dividends Growth 5 -$1.47 $0.00 $0.00 $0.00 $0.00 $1.96 Dividends Growth 5
Dividends Growth 10 -$1.23 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $1.96 Dividends Growth 10
Dividends Growth 15 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $1.96 Dividends Growth 15
Dividends Growth 20 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $1.96 Dividends Growth 20
Dividends Growth 25 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $1.96 Dividends Growth 25
Dividends Growth 30 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $1.96 Dividends Growth 30
Dividends Growth 35 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $1.96 Dividends Growth 35
Historical Dividends Historical High Div 6.96% Low Div 1.85% 10 Yr High 8.91% 10 Yr Low 3.49% Med Div 3.79% Close Div 3.61% Historical Dividends
High/Ave/Median Values Curr diff Exp. -27.29%     173.56% Exp. -43.20% 45.01% Cheap 33.53% Cheap 40.18% High/Ave/Median 
Future Dividend Yield Div Yield 6.76% earning in 5 Years at IRR of 5.95% Div Inc. 33.51% Future Dividend Yield Div Pd
Future Dividend Yield Div Yield 9.02% earning in 10 Years at IRR of 5.95% Div Inc. 78.26% Future Dividend Yield $2.78
Future Dividend Yield Div Yield 12.05% earning in 15 Years at IRR of 5.95% Div Inc. 138.01% Future Dividend Yield $3.71
$4.95
Future Dividend Paid Div Paid $2.78 earning in 5 Years at IRR of 5.95% Div Inc. 33.51% Future Dividend Paid
Future Dividend Paid Div Paid $3.71 earning in 10 Years at IRR of 5.95% Div Inc. 78.26% Future Dividend Paid
Future Dividend Paid Div Paid $4.95 earning in 15 Years at IRR of 5.95% Div Inc. 138.01% Future Dividend Paid
Dividend Covering Cost Total Div $11.71 over 5 Years at IRR of 5.95% Div Cov. 90.63% Dividend Covering Cost
Dividend Covering Cost Total Div $24.58 over 10 Years at IRR of 5.95% Div Cov. 190.15% Dividend Covering Cost
Dividend Covering Cost Total Div $41.75 over 15 Years at IRR of 5.95% Div Cov. 323.03% Dividend Covering Cost
Yield if held 5 years - High 4.03% 3.58% 3.29% 3.49% 4.57% 4.47% 4.98% 5.87% 4.67% 4.88% 4.67% 4.87% 5.19% 5.86% 6.08% 5.89% 4.77% <-Median-> 10 Paid High Price Year
Yield if held 10 years - High 6.65% 6.31% 7.37% 5.87% 4.61% 4.27% 4.02% 3.93% 4.41% 6.14% 6.01% 6.50% 7.84% 6.24% 6.14% 5.54% 5.24% <-Median-> 10 Paid High Price 2017
Yield if held 15 years - High 34.21% 21.50% 12.62% 9.07% 8.20% 7.05% 7.10% 8.80% 7.43% 6.19% 5.73% 5.25% 5.25% 5.89% 7.73% 7.13% 7.07% <-Median-> 10 Paid High Price 2012
Yield if held 20 years - High 57.04% 59.64% 65.04% 42.71% 38.56% 36.27% 24.20% 15.06% 11.47% 11.01% 9.47% 9.25% 11.75% 9.93% 7.80% 6.81% 13.40% <-Median-> 10 Paid High Price 2007
Yield if held 25 years - High 72.89% 57.88% 60.48% 67.10% 77.62% 54.03% 51.79% 48.73% 31.54% 20.10% 15.33% 13.87% 11.24% 55.96% <-Median-> 10 Paid High Price 2002
Yield if held 30 years - High 92.21% 77.74% 81.25% 87.47% 103.64% 72.22% 65.20% 57.86% 87.47% <-Median-> 5 Paid High Price 1997
Yield if held 35 years - High 123.26% 97.88% 96.46% #NUM! <-Median-> 0 Paid High Price 1992
Yield if held 5 years - Low 4.59% 4.51% 3.78% 6.31% 8.01% 5.50% 7.19% 7.41% 6.43% 5.71% 5.60% 5.80% 5.88% 7.68% 7.54% 10.86% 6.10% <-Median-> 10 Paid Low Price
Yield if held 10 years - Low 14.68% 7.95% 7.56% 7.00% 5.53% 4.87% 5.08% 4.52% 7.98% 10.76% 7.38% 9.37% 9.89% 8.60% 7.18% 6.64% 7.19% <-Median-> 10 Paid Low Price
Yield if held 15 years - Low 45.47% 34.21% 24.65% 14.69% 13.52% 15.56% 8.94% 9.03% 8.85% 7.42% 6.54% 6.62% 6.03% 10.67% 13.55% 8.77% 8.90% <-Median-> 10 Paid Low Price
Yield if held 20 years - Low 140.57% 82.97% 75.69% 67.96% 51.14% 48.21% 38.50% 29.42% 18.58% 18.15% 20.91% 11.65% 12.05% 11.83% 9.35% 7.76% 25.16% <-Median-> 10 Paid Low Price
Yield if held 25 years - Low 85.57% 82.00% 149.03% 93.36% 90.34% 85.97% 68.69% 64.77% 50.18% 39.28% 24.84% 22.86% 24.82% 83.78% <-Median-> 10 Paid Low Price
Yield if held 30 years - Low 108.24% 110.13% 200.23% 121.69% 120.62% 114.92% 86.49% 76.89% 120.62% <-Median-> 5 Paid Low Price
Yield if held 35 years - Low 144.70% 138.67% 237.71% #NUM! <-Median-> 0 Paid High Price
Yield if held 5 years 4.29% 3.99% 3.52% 4.49% 5.82% 4.93% 5.89% 6.55% 5.41% 5.26% 5.09% 5.29% 5.52% 6.64% 6.73% 7.64% 5.35% <-Median-> 10 Paid Median Price
Yield if held 10 years 9.15% 7.03% 7.47% 6.38% 5.03% 4.55% 4.49% 4.20% 5.68% 7.82% 6.62% 7.67% 8.75% 7.23% 6.62% 6.04% 6.03% <-Median-> 10 Paid Median Price
Yield if held 15 years 39.05% 26.41% 16.69% 11.21% 10.21% 9.70% 7.91% 8.91% 8.08% 6.75% 6.11% 5.85% 5.61% 7.59% 9.85% 7.86% 7.99% <-Median-> 10 Paid Median Price
Yield if held 20 years 81.15% 69.39% 69.96% 52.45% 43.97% 41.40% 29.72% 19.92% 14.18% 13.71% 13.04% 10.31% 11.90% 10.80% 8.50% 7.25% 17.05% <-Median-> 10 Paid Median Price
Yield if held 25 years 78.72% 67.86% 86.04% 78.08% 83.50% 66.35% 59.05% 55.62% 38.73% 26.59% 18.96% 17.26% 15.48% 67.11% <-Median-> 9 Paid Median Price
Yield if held 30 years 99.58% 91.14% 115.60% 101.78% 111.48% 88.70% 74.35% 66.03% 101.78% <-Median-> 4 Paid Median Price
Yield if held 35 years 133.12% 114.76% 137.24% #NUM! <-Median-> 0 Paid High Price
Cost covered if held 5 years - High 18.49% 17.30% 16.38% 17.43% 22.86% 21.34% 22.97% 26.46% 20.82% 21.74% 20.82% 22.23% 23.12% 26.04% 28.29% 28.34% 21.99% <-Median-> 10 Paid High Price Year
Cost covered if held 10 years - High 46.31% 48.24% 60.94% 51.71% 42.66% 38.86% 35.85% 34.09% 37.10% 50.24% 48.12% 52.61% 61.36% 48.56% 50.31% 47.48% 45.39% <-Median-> 10 Paid High Price 2017
Cost coveedr if held 15 years - High 270.10% 188.68% 121.41% 94.71% 92.08% 79.95% 80.95% 100.61% 84.84% 70.27% 64.43% 59.78% 57.44% 63.30% 86.21% 82.41% 80.45% <-Median-> 10 Paid High Price 2012
Cost covered if held 20 years - High 8.06% 5.69% 10.87% 8.72% 6.94% 5.41% 4.17% 3.35% 145.89% 2.35% 122.18% 123.17% 152.91% 128.99% 106.55% 97.18% 7.83% <-Median-> 10 Paid High Price 2007
Cost covered if held 25 years - High 825.63% 710.59% 757.87% 856.39% 1008.25% 713.96% 693.23% 660.53% 444.10% 278.74% 214.06% 205.68% 176.26% 712.27% <-Median-> 10 Paid High Price 2002
Cost covered if held 30 years - High 1237.01% 1057.13% 1120.16% 1255.52% 1469.53% 1035.07% 996.55% 938.80% 1237.01% <-Median-> 5 Paid Low Price 1997
Cost covered if held 35 years - High 1785.04% 1512.47% 1584.12% #NUM! <-Median-> 0 Paid Low Price 1992
Cost covered if held 5 years - Low 21.07% 21.83% 18.83% 31.55% 40.07% 26.23% 33.13% 33.38% 28.69% 25.44% 24.95% 26.46% 26.18% 34.13% 35.07% 52.21% 27.57% <-Median-> 10 Paid Low Price
Cost covered if held 10 years - Low 102.24% 60.77% 62.52% 61.62% 51.13% 44.30% 45.24% 39.19% 67.17% 88.04% 59.15% 75.90% 77.40% 66.90% 58.86% 56.90% 60.38% <-Median-> 10 Paid Low Price
Cost coveedr if held 15 years - Low 358.96% 300.21% 237.22% 153.40% 151.79% 176.51% 101.97% 103.20% 101.11% 84.23% 73.45% 75.45% 66.03% 114.62% 151.07% 101.31% 101.54% <-Median-> 10 Paid Low Price
Cost covered if held 20 years - Low 1156.29% 761.21% 766.31% 752.49% 613.31% 589.06% 477.62% 369.81% 236.29% 232.71% 269.73% 155.15% 156.86% 153.71% 127.72% 110.77% 319.77% <-Median-> 10 Paid Low Price
Cost covered if held 25 years - Low 969.22% 1006.67% 1867.60% 1191.43% 1173.45% 1136.02% 919.50% 877.86% 706.61% 544.64% 346.72% 339.04% 389.11% 987.94% <-Median-> 10 Paid Low Price
Cost covered if held 30 years - Low 1452.14% 1497.60% 2760.40% 1746.71% 1710.31% 1646.96% 1321.83% 1247.69% 1710.31% <-Median-> 5 Paid Low Price
Cost covered if held 35 years - Low 2095.48% 2142.67% 3903.71% #NUM! <-Median-> 0 Paid Low Price
Cost covered if held 5 years 19.69% 19.31% 17.52% 22.45% 29.11% 23.53% 27.13% 29.52% 24.13% 23.44% 22.70% 24.16% 24.55% 29.54% 31.32% 36.74% 24.15% <-Median-> 10 Paid Median Price Item
Cost covered if held 10 years 63.75% 53.79% 61.72% 56.23% 46.51% 41.40% 40.00% 36.46% 47.80% 63.97% 53.07% 62.14% 68.45% 56.27% 54.25% 51.77% 50.43% <-Median-> 10 Paid Median Price EPS
Cost coveedr if held 15 years 308.25% 231.72% 160.62% 117.11% 114.63% 110.06% 90.25% 101.89% 92.26% 76.62% 68.64% 66.71% 61.44% 81.56% 109.78% 90.89% 91.26% <-Median-> 10 Paid Median Price AEPS
Cost covered if held 20 years 667.55% 636.67% 708.28% 580.81% 527.26% 505.84% 368.66% 250.39% 180.40% 175.74% 168.18% 137.32% 154.86% 140.27% 116.18% 103.53% 215.39% <-Median-> 10 Paid Median Price CFPS
Cost covered if held 25 years 891.68% 833.10% 1078.20% 996.50% 1084.59% 876.84% 790.49% 753.84% 545.41% 368.76% 264.70% 256.04% 242.62% 854.97% <-Median-> 10 Paid Median Price FCF 
Cost covered if held 30 years 1335.97% 1239.39% 1593.63% 1460.93% 1580.80% 1271.22% 1136.37% 1071.43% 1460.93% <-Median-> 5 Paid Median Price
Cost covered if held 35 years 1927.84% 1773.24% 2253.69% #NUM! <-Median-> 0 Paid Median Price
Yr  Item Tot. Growth
Revenue Growth  $47,008 $44,032 $44,698 $60,583 $64,417 $44,662 $305,400 -4.99% <-Total Growth 5 Revenue Growth  -4.99%
AEPS Growth $2.67 $3.05 $2.86 $2.88 $3.50 $3.45 $18.41 29.20% <-Total Growth 5 AEPS Growth 29.20%
Net Income Growth $1,990 $2,847 $2,359 $2,943 $3,128 $3,219 $16,486 61.76% <-Total Growth 5 Net Income Growth 61.76%
Cash Flow Growth $6,757 $6,494 $6,110 $9,610 $10,373 $7,047 $46,391 4.29% <-Total Growth 5 Cash Flow Growth 4.29%
Dividend Growth $1.47 $1.56 $1.65 $1.75 $1.80 $1.96 $10.19 33.51% <-Total Growth 5 Dividend Growth 33.51%
Stock Price Growth $35.10 $28.18 $33.26 $30.35 $37.96 $31.30 -10.83% <-Total Growth 5 Stock Price Growth -10.83%
Revenue Growth  $30,061 $26,446 $39,181 $33,820 $46,381 $47,008 $44,032 $44,698 $60,583 $64,417 $44,662 $481,289 48.57% <-Total Growth 10 Revenue Growth  48.57%
AEPS Growth $1.89 $2.30 $2.55 $2.77 $2.71 $2.67 $3.05 $2.86 $2.88 $3.50 $3.45 $30.62 82.65% <-Total Growth 10 AEPS Growth 82.65%
Net Income Growth $1,815 $2,278 $2,546 $2,762 $2,326 $1,990 $2,847 $2,359 $2,943 $3,128 $3,219 $28,213 77.36% <-Total Growth 10 Net Income Growth 77.36%
Cash Flow Growth $4,722 $5,026 $5,443 $5,123 $6,254 $6,757 $6,494 $6,110 $9,610 $10,373 $7,047 $72,959 49.24% <-Total Growth 10 Cash Flow Growth 49.24%
Dividend Growth $1.23 $1.23 $1.23 $1.30 $1.38 $1.47 $1.56 $1.65 $1.75 $1.80 $1.96 $16.6 59.35% <-Total Growth 10 Dividend Growth 59.35%
Stock Price Growth $24.35 $32.75 $33.59 $34.53 $35.17 $35.10 $28.18 $33.26 $30.35 $37.96 $31.30 28.54% <-Total Growth 10 Stock Price Growth 28.54%
Dividends on Shares $661.74 $661.74 $661.74 $661.74 $661.74 $701.55 $744.59 $789.78 $837.13 $888.78 $942.58 $970.55 $1,054.48 $1,119.04 $1,119.04 $1,119.04 $14,952.37 No of Years 30 Total Divs 12/30/92
Paid  $14,203.20 $10,975.20 $13,100.30 $17,619.50 $18,071.42 $18,577.14 $18,921.46 $18,883.80 $15,160.84 $17,893.88 $16,328.30 $20,422.48 $16,839.40 $22,111.80 $22,111.80 $22,165.60 $16,839.40 No of Years 30 Worth $1.86
Total $31,791.77 Total Return
Dividends on Shares $35.67 $35.67 $35.67 $35.67 $35.67 $37.82 $40.14 $42.57 $45.12 $47.91 $50.81 $52.32 $56.84 $60.32 $60.32 $60.32 $622.34 No of Years 15 Total Divs 12/31/07
Paid  $765.60 $591.60 $706.15 $949.75 $974.11 $1,001.37 $1,019.93 $1,017.90 $817.22 $964.54 $880.15 $1,100.84 $907.70 $1,191.90 $1,191.90 $1,194.80 $907.70 No of Years 15 Worth $35.57
Total $1,530.04 Total Return
Dividends on Shares $51.66 $51.66 $54.77 $58.13 $61.66 $65.35 $69.38 $73.58 $75.77 $82.32 $87.36 $87.36 $87.36 $644.28 No of Years 10 Total Divs 12/31/12
Paid  $1,022.70 $1,375.50 $1,410.78 $1,450.26 $1,477.14 $1,474.20 $1,183.56 $1,396.92 $1,274.70 $1,594.32 $1,314.60 $1,726.20 $1,726.20 $1,730.40 $1,314.60 No of Years 10 Worth $24.35
Total $1,958.88 Total Return
Graham No. AEPS $21.85 $24.48 $23.68 $28.15 $31.02 $35.36 $34.69 $34.77 $38.93 $37.20 $38.57 $45.54 $46.81 $46.19 $47.50 $48.83 97.70% <-Total Growth 10 Graham Price AEPS
Price/GP Ratio Med 1.21 0.96 0.95 1.02 1.01 0.97 0.98 1.02 0.80 0.83 0.71 0.76 0.75 0.78 0.90 <-Median-> 10 Price/GP Ratio
Price/GP Ratio High 1.34 1.13 1.06 1.18 1.09 1.06 1.07 1.09 0.91 0.92 0.92 0.87 0.88 0.88 0.99 <-Median-> 10 Price/GP Ratio
Price/GP Ratio Low 1.09 0.79 0.84 0.86 0.93 0.89 0.90 0.96 0.70 0.74 0.50 0.64 0.61 0.68 0.80 <-Median-> 10 Price/GP Ratio
Price/GP Ratio Close 1.21 0.83 1.03 1.16 1.08 0.98 1.01 1.01 0.72 0.89 0.79 0.83 0.67 0.89 0.87 0.84 0.94 <-Median-> 10 Price/GP Ratio
Prem/Disc Close 20.84% -16.68% 2.84% 16.34% 8.29% -2.34% 1.38% 0.94% -27.61% -10.59% -21.31% -16.65% -33.14% -11.01% -13.47% -15.63% -6.47% <-Median-> 10 Graham Price
Graham No. EPS $21.85 $24.48 $23.68 $28.15 $31.02 $35.36 $34.41 $31.34 $38.57 $34.75 $40.50 $44.61 $46.18 $42.14 $47.26 $48.77 95.05% <-Total Growth 10 Graham Price EPS
Price/GP Ratio Med 1.21 0.96 0.95 1.02 1.01 0.97 0.99 1.13 0.81 0.89 0.67 0.77 0.76 0.86 0.93 <-Median-> 10 Price/GP Ratio
Price/GP Ratio High 1.34 1.13 1.06 1.18 1.09 1.06 1.08 1.20 0.92 0.98 0.87 0.89 0.90 0.97 1.02 <-Median-> 10 Price/GP Ratio
Price/GP Ratio Low 1.09 0.79 0.84 0.86 0.93 0.89 0.90 1.06 0.70 0.79 0.47 0.65 0.62 0.75 0.83 <-Median-> 10 Price/GP Ratio
Price/GP Ratio Close 1.21 0.83 1.03 1.16 1.08 0.98 1.02 1.12 0.73 0.96 0.75 0.85 0.68 0.98 0.87 0.84 0.97 <-Median-> 10 Price/GP Ratio
Prem/Disc Close 20.84% -16.68% 2.84% 16.34% 8.29% -2.34% 2.22% 12.01% -26.93% -4.29% -25.06% -14.91% -32.23% -2.47% -13.04% -15.53% -3.32% <-Median-> 10 Graham Price
pre-split 04
Price Close CDN$ $26.40 $20.40 $24.35 $32.75 $33.59 $34.53 $35.17 $35.10 $28.18 $33.26 $30.35 $37.96 $31.30 $41.10 $41.10 $41.20 28.54% <-Total Growth 10 Stock Price
Increase -1.79% -22.73% 19.36% 34.50% 2.56% 2.80% 1.85% -0.20% -19.72% 18.03% -8.75% 25.07% -17.54% 31.31% 0.00% 0.24% 13.22 <-Median-> 10 CAPE (10 Yr P/E)
P/E 15.12 9.66 12.88 14.26 13.19 12.47 13.21 16.18 9.41 13.34 9.57 11.30 9.32 12.92 10.28 9.67 -2.27% <-IRR #YR-> 5 Stock Price -10.83%
Trailing P/E 15.36 11.68 11.53 17.33 14.62 13.56 12.71 13.18 12.99 11.11 12.17 11.96 9.32 12.23 12.92 10.30 2.54% <-IRR #YR-> 10 Stock Price 28.54%
CAPE (10 Yr P/E) 15.73 14.66 14.43 14.33 14.13 13.76 13.45 13.50 12.98 12.83 12.26 12.34 11.94 11.86 11.54 11.21 2.91% <-IRR #YR-> 5 Price & Dividend 14.03%
Median 10, 5 Yrs D.  per yr 5.51% 5.18% % Tot Ret 68.42% 177.79% T P/E 12.85 11.96 P/E:  12.83 9.57 4.53% Diff M/C 8.05% <-IRR #YR-> 10 Price & Dividend 91.54%
Price 15 D.  per yr 4.15% % Tot Ret 125.69% CAPE Diff -2.22% -0.85% <-IRR #YR-> 15 Stock Price -12.00%
Price  20 D.  per yr 4.92% % Tot Ret 66.66% 2.46% <-IRR #YR-> 20 Stock Price 62.68%
Price  25 D.  per yr 5.37% % Tot Ret 52.66% 4.83% <-IRR #YR-> 25 Stock Price 225.19%
Price  30 D.  per yr 8.81% % Tot Ret 47.18% 9.87% <-IRR #YR-> 30 Stock Price 1582.80%
Price  35 D.  per yr 7.12% % Tot Ret 43.23% 9.35% <-IRR #YR-> 34 Stock Price
Price & Dividend 15 3.30% <-IRR #YR-> 15 Price & Dividend 48.33%
Price & Dividend 20 7.39% <-IRR #YR-> 20 Price & Dividend 195.24%
Price & Dividend 25 10.20% <-IRR #YR-> 25 Price & Dividend 507.56%
Price & Dividend 30 18.68% <-IRR #YR-> 30 Price & Dividend 3474.19%
Price & Dividend 35 16.46% <-IRR #YR-> 34 Price & Dividend
Price  5 -$35.10 $0.00 $0.00 $0.00 $0.00 $31.30 Price  5
Price 10 -$24.35 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $31.30 Price 10
Price & Dividend 5 -$35.10 $1.56 $1.65 $1.75 $1.80 $33.26 Price & Dividend 5
Price & Dividend 10 -$24.35 $1.23 $1.23 $1.30 $1.38 $1.47 $1.56 $1.65 $1.75 $1.80 $33.26 Price & Dividend 10
Price 15 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $31.30 Price 15
Price  20 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $31.30 Price  20
Price  25 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $31.30 Price  25
Price  30 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $31.30 Price  30
Price  35 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $31.30 Price  35
Price & Dividend 15 $1.23 $1.23 $1.23 $1.23 $1.23 $1.30 $1.38 $1.47 $1.56 $1.65 $1.75 $1.80 $33.26 Price & Dividend 15
Price & Dividend 20 $1.23 $1.23 $1.23 $1.23 $1.23 $1.30 $1.38 $1.47 $1.56 $1.65 $1.75 $1.80 $33.26 Price & Dividend 20
Price & Dividend 25 $1.23 $1.23 $1.23 $1.23 $1.23 $1.30 $1.38 $1.47 $1.56 $1.65 $1.75 $1.80 $33.26 Price & Dividend 25
Price & Dividend 30 $1.23 $1.23 $1.23 $1.23 $1.23 $1.30 $1.38 $1.47 $1.56 $1.65 $1.75 $1.80 $33.26 Price & Dividend 30
Price & Dividend 35 $1.23 $1.23 $1.23 $1.23 $1.23 $1.30 $1.38 $1.47 $1.56 $1.65 $1.75 $1.80 $33.26 Price & Dividend 35
Price H/L Median $26.45 $23.51 $22.41 $28.77 $31.41 $34.42 $34.07 $35.53 $31.31 $30.90 $27.23 $34.40 $35.01 $36.10 56.20% <-Total Growth 10 Stock Price
Increase 25.21% -11.12% -4.68% 28.38% 9.18% 9.57% -1.00% 4.29% -11.89% -1.31% -11.86% 26.33% 1.76% 3.11% 4.56% <-IRR #YR-> 10 Stock Price 56.20%
P/E 15.15 11.13 11.86 12.53 12.34 12.43 12.79 16.37 10.46 12.39 8.58 10.24 10.42 11.35 -0.30% <-IRR #YR-> 5 Stock Price -1.48%
Trailing P/E 15.39 13.47 10.61 15.22 13.67 13.52 12.31 13.34 14.43 10.32 10.92 10.84 10.42 10.74 10.07% <-IRR #YR-> 10 Price & Dividend
P/E on Run. 5 yr Ave 14.08 12.48 12.42 14.73 14.83 14.82 14.00 14.28 11.91 11.80 10.09 12.12 11.38 11.59 4.62% <-IRR #YR-> 5 Price & Dividend
P/E on Run. 10 yr Ave 16.03 13.11 12.07 14.82 15.57 16.38 15.79 16.55 13.67 13.05 10.85 13.05 12.58 12.57 12.39 P/E Ratio Historical Median
Median 10, 5 Yrs D.  per yr 5.51% 4.91% % Tot Ret 54.73% 106.44% T P/E 12.83 10.84 P/E:  12.36 10.42 Count 34 Years of data
-$22.41 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $35.01
-$35.53 $0.00 $0.00 $0.00 $0.00 $35.01
-$22.41 $1.23 $1.23 $1.30 $1.38 $1.47 $1.56 $1.65 $1.75 $1.80 $36.97
-$35.53 $1.56 $1.65 $1.75 $1.80 $36.97
High Months Apr Feb Apr Nov Nov Jun Apr Mar Jan Apr Feb Aug Feb Sep
pre-split 96
pre-split 98
pre-split 04
Price High $29.17 $27.77 $25.00 $33.34 $33.87 $37.52 $37.03 $37.74 $35.51 $34.20 $35.30 $39.60 $41.35 $40.67 65.40% <-Total Growth 10 Stock Price
Increase 8.44% -4.80% -9.97% 33.36% 1.59% 10.78% -1.31% 1.92% -5.91% -3.69% 3.22% 12.18% 4.42% -1.64% 5.16% <-IRR #YR-> 10 Stock Price 65.40%
P/E 16.71 13.15 13.23 14.51 13.30 13.55 13.91 17.39 11.86 13.72 11.13 11.79 12.31 12.79 1.84% <-IRR #YR-> 5 Stock Price 9.57%
Trailing P/E 16.97 15.90 11.84 17.64 14.75 14.74 13.38 14.17 16.36 11.42 14.16 12.48 12.31 12.10 13.72 P/E Ratio Historical Median
Median 10, 5 Yrs T P/E 14.17 12.48 P/E:  13.43 11.86 17.25 P/E Ratio Historical High
-$25.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $41.35
-$37.74 $0.00 $0.00 $0.00 $0.00 $41.35
Low Months |Jul Dec Jun Jan May Jan Aug May Dec Aug Mar Jan Oct Jan
Price Low $23.73 $19.25 $19.82 $24.20 $28.95 $31.31 $31.11 $33.32 $27.10 $27.59 $19.16 $29.20 $28.66 $31.52 44.60% <-Total Growth 10 Stock Price
Increase 54.59% -18.88% 2.96% 22.10% 19.63% 8.15% -0.64% 7.10% -18.67% 1.81% -30.55% 52.40% -1.85% 9.98% 3.76% <-IRR #YR-> 10 Stock Price 44.60%
P/E 13.59 9.11 10.49 10.54 11.37 11.31 11.68 15.35 9.05 11.07 6.04 8.69 8.53 9.91 -2.97% <-IRR #YR-> 5 Stock Price -13.99%
Trailing P/E 13.80 11.03 9.38 12.80 12.60 12.30 11.24 12.51 12.49 9.22 7.69 9.20 8.53 9.38 10.54 P/E Ratio Historical Median
Median 10, 5 Yrs T P/E 11.77 9.20 P/E:  10.80 8.69 8.26 P/E Ratio Historical Low
-$19.82 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $28.66
-$33.32 $0.00 $0.00 $0.00 $0.00 $28.66
$2,680 <-12 mths -61.99%
Free Cash Flow $6,000 $5,000 $5,000 $5,000 $5,000 $5,123 $6,254 $6,757 $6,490 $6,110 $9,610 $10,370 $7,050 $2,680 <-12 mths 41.00% <-Total Growth 10 Free Cash Flow
Change -16.67% 0.00% 0.00% 0.00% 2.46% 22.08% 8.04% -3.95% -5.86% 57.28% 7.91% -32.02% -61.99% <-12 mths 0.85% <-IRR #YR-> 5 Free Cash Flow MS 4.34%
FCF/CF from Op Ratio 1.04 1.03 1.06 0.99 0.92 1.00 1.00 1.00 1.00 1.00 1.00 1.00 1.00 1.00 <-12 mths 3.50% <-IRR #YR-> 10 Free Cash Flow MS 41.00%
Dividends paid $1,169 $1,168 $1,200 $1,228 $1,298 $1,369 $1,453 $1,538 $1,559 $1,626 $1,626 $1,626 $1,938 <-12 mths 39.21% <-Total Growth 10 Dividends paid
Percentage paid 25.34% 21.89% 21.50% 23.70% 25.52% 16.92% 15.68% 23.06% 72.32% <-12 mths $0.22 <-Median-> 8 Percentage paid
5 Year Coverage 23.48% 21.42% 19.83% 20.12% 23.38% <-12 mths 5 Year Coverage
Dividend Coverage Ratio 3.95 4.57 4.65 4.22 3.92 5.91 6.38 4.34 1.38 <-12 mths 4.45 <-Median-> 8 Dividend Coverage Ratio
5 Year of Coverage 4.26 4.67 5.04 4.97 4.28 <-12 mths 5 Year of Coverage
-$6,757 $0 $0 $0 $0 $7,050
-$5,000 $0 $0 $0 $0 $0 $0 $0 $0 $0 $7,050
Market Cap $25,039 $19,375 $23,147 $32,730 $33,479 $34,300 $34,692 $34,704 $27,834 $30,841 $28,160 $35,326 $29,167 $38,299 $38,299 $38,392 26.01% <-Total Growth 10 Market Cap
pre-split 04
Diluted # of Shares in Million 947.65 962.07 960.58 991.49 999.89 997.85 991.67 990.70 989.10 946.53 927.79 930.96 932.28 927.72 -2.95% <-Total Growth 10 Diluted
Change 0.17% 1.52% -0.15% 3.22% 0.85% -0.20% -0.62% -0.10% -0.16% -4.30% -1.98% 0.34% 0.14% -0.49% -0.13% <-Median-> 10 Change
Difference Diluted/Basic 0.0% -1.3% -1.1% -1.8% -0.1% -0.2% -0.2% -0.2% -0.1% -0.1% 0.0% -0.2% -0.1% 0.0% -0.14% <-Median-> 10 Difference Diluted/Basic
pre-split 04
Basic # of Shares in Millions 947.49 949.32 949.91 973.58 998.61 995.61 989.99 989.19 988.59 946.00 927.68 929.46 931.68 927.61 -1.92% <-Total Growth 10 Basic
Change 0.33% 0.19% 0.06% 2.49% 2.57% -0.30% -0.56% -0.08% -0.06% -4.31% -1.94% 0.19% 0.24% -0.44% -0.07% <-Median-> 10 Change
Difference Basic/Outstanding 0.1% 0.0% 0.1% 2.7% -0.2% -0.2% -0.4% 0.0% -0.1% -2.0% 0.0% 0.1% 0.0% 0.5% -0.07% <-Median-> 10 Difference Basic/Outstanding
$2,681 <-12 mths -61.96%
pre-split 98
pre-split 04
# of Share in Millions 948.46 949.76 950.60 999.40 996.70 993.35 986.40 988.72 987.74 927.28 927.85 930.62 931.85 931.85 931.85 931.85 -0.20% <-IRR #YR-> 10 Shares -1.97%
Change 0.36% 0.14% 0.09% 5.13% -0.27% -0.34% -0.70% 0.24% -0.10% -6.12% 0.06% 0.30% 0.13% 0.00% 0.00% 0.00% -1.18% <-IRR #YR-> 5 Shares -5.75%
Cash Flow from Operations $M $5,797 $4,844 $4,722 $5,026 $5,443 $5,123 $6,254 $6,757 $6,494 $6,110 $9,610 $10,373 $7,047 $2,681 <-12 mths 49.24% <-Total Growth 10 Cash Flow
Increase 46.46% -16.44% -2.52% 6.44% 8.30% -5.88% 22.08% 8.04% -3.89% -5.91% 57.28% 7.94% -32.06% -61.96% <-12 mths SO, S. Issued Buy Backs
5 year Running Average $4,232 $4,439 $4,637 $4,869 $5,166 $5,032 $5,314 $5,721 $6,014 $6,148 $7,045 $7,869 $7,927 $7,164 <-12 mths 70.95% <-Total Growth 10 CF 5 Yr Running
CFPS $6.11 $5.10 $4.97 $5.03 $5.46 $5.16 $6.34 $6.83 $6.57 $6.59 $10.36 $11.15 $7.56 $2.88 <-12 mths 52.24% <-Total Growth 10 Cash Flow per Share
Increase 45.94% -16.55% -2.60% 1.24% 8.59% -5.56% 22.94% 7.79% -3.80% 0.22% 57.19% 7.62% -32.15% -61.96% <-12 mths 4.08% <-IRR #YR-> 10 Cash Flow 49.24%
5 year Running Average $4.57 $4.73 $4.89 $5.08 $5.33 $5.14 $5.39 $5.76 $6.07 $6.30 $7.34 $8.30 $8.45 $7.71 <-12 mths 0.84% <-IRR #YR-> 5 Cash Flow 4.29%
P/CF on Med Price 4.33 4.61 4.51 5.72 5.75 6.67 5.37 5.20 4.76 4.69 2.63 3.09 4.63 12.55 <-12 mths 4.29% <-IRR #YR-> 10 Cash Flow per Share 52.24%
P/CF on Closing Price 4.32 4.00 4.90 6.51 6.15 6.70 5.55 5.14 4.29 5.05 2.93 3.41 4.14 14.29 <-12 mths 2.05% <-IRR #YR-> 5 Cash Flow per Share 10.66%
186.84% Diff M/C 5.61% <-IRR #YR-> 10 CFPS 5 yr Running 72.64%
$43,415 <-12 mths 56.90%
Excl.Working Capital CF -$4,054 -$2,140 -$2,146 -$2,245 -$2,054 $358 -$6,805 -$5,493 $574 -$10,176 -$12,237 -$4,423 $20,624 <-12 mths 7.94% <-IRR #YR-> 5 CFPS 5 yr Running 46.52%
Cash Flow from Operations $M WC $1,743 $2,704 $2,576 $2,781 $3,389 $5,481 -$551 $1,264 $7,068 -$4,066 -$2,627 $5,950 $27,671 $43,415 <-12 mths 974.18% <-Total Growth 10 Cash Flow less WC
Increase -210.46% 55.13% -4.73% 7.96% 21.86% 61.73% -110.05% -329.40% 459.18% -157.53% -35.39% -326.49% 365.06% 56.90% <-12 mths 26.80% <-IRR #YR-> 10 Cash Flow less WC 974.18%
5 year Running Average $2,790 $2,571 $2,320 $1,645 $2,639 $3,386 $2,735 $2,473 $3,330 $1,839 $218 $1,518 $6,799 $14,069 <-12 mths 85.38% <-IRR #YR-> 5 Cash Flow less WC 2089.16%
CFPS Excl. WC $1.84 $2.85 $2.71 $2.78 $3.40 $5.52 -$0.56 $1.28 $7.16 -$4.38 -$2.83 $6.39 $29.69 $46.59 <-12 mths 11.35% <-IRR #YR-> 10 CF less WC 5 Yr Run 193.12%
Increase -210.06% 54.92% -4.82% 2.69% 22.19% 62.27% -110.12% -328.86% 459.73% -161.28% -35.43% -325.82% 364.44% 56.90% <-12 mths 22.42% <-IRR #YR-> 5 CF less WC 5 Yr Run 174.96%
5 year Running Average $3.05 $2.76 $2.45 $1.70 $2.72 $3.45 $2.77 $2.48 $3.36 $1.80 $0.13 $1.52 $7.21 $15.09 <-12 mths 27.05% <-IRR #YR-> 10 CFPS - Less WC 995.79%
P/CF on Med Price 14.39 8.26 8.27 10.34 9.24 6.24 -60.99 27.79 4.37 -7.05 -9.62 5.38 1.18 0.77 <-12 mths 87.59% <-IRR #YR-> 5 CFPS - Less WC 2222.76%
P/CF on Closing Price 14.37 7.17 8.99 11.77 9.88 6.26 -62.96 27.46 3.94 -7.59 -10.72 5.94 1.05 0.88 <-12 mths 11.40% <-IRR #YR-> 10 CFPS 5 yr Running 194.26%
*Operational Cash Flow per share CF/-WC P/CF Med 10 yr 4.98 5 yr  4.63 P/CF Med 10 yr 4.88 5 yr  1.18 -81.91% Diff M/C 23.74% <-IRR #YR-> 5 CFPS 5 yr Running 190.07%
I left Excluding WC for 2009 and eariler because I think I got the values from G&M.
-950.6 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 931.9 Shares
-988.7 0.0 0.0 0.0 0.0 931.9 Shares
-$4,722 $0 $0 $0 $0 $0 $0 $0 $0 $0 $7,047 Cash Flow
-$6,757 $0 $0 $0 $0 $7,047 Cash Flow
-$4.97 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $7.56 Cash Flow per Share
-$6.83 $0.00 $0.00 $0.00 $0.00 $7.56 Cash Flow per Share
-$4.89 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $8.45 CFPS 5 yr Running
-$5.76 $0.00 $0.00 $0.00 $0.00 $8.45 CFPS 5 yr Running
-$2,576 $0 $0 $0 $0 $0 $0 $0 $0 $0 $27,671 Cash Flow less WC
-$1,264 $0 $0 $0 $0 $27,671 Cash Flow less WC
-$2,320 $0 $0 $0 $0 $0 $0 $0 $0 $0 $6,799 CF less WC 5 Yr Run
-$2,473 $0 $0 $0 $0 $6,799 CF less WC 5 Yr Run
-$2.71 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $29.69 CFPS - Less WC
-$1.28 $0.00 $0.00 $0.00 $0.00 $29.69 CFPS - Less WC
-$2.45 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $7.21 CFPS 5 yr Running
-$2.48 $0.00 $0.00 $0.00 $0.00 $7.21 CFPS 5 yr Running
Q2 2023
Chge in Insurance & investment -$1,088 $7,128 $4,391 -$379 $10,412 $14,476 $1,819 -$23,273
above separate Insurance $1,619
above separate Investment -$3,066
Chge in funds held ceding insurers $821 $505 $857 $663 $570 $467 $845 -$294 $85
Chge in funds held under reinsurance $28 $18 $50 -$37 $81 $201 -$84 -$294 $522
Chge in deferred acq $32 $42
Chge in reinsurance assets $367 -$567 $830 $51 -$900 -$1,629 $1,915 $3,830 -$299
Change in Fair Value
Other -$157 -$98 -$321 -$444 $248 -$911 $279 -$245 $663
Income Taxes Paid -$361 -$223 -$314 -$428 -$235 -$367 -$351
                   
Sum     -$358 $6,805 $5,493 -$574 $10,176 $12,237 $4,423 -$20,276 -$476
Google --> TD $2,245 $2,054 $1,652 $2,902 $4,027 -$574 $10,176 $12,237 $4,423 -$20,624
Difference -$2,010 $3,903 $1,466 $0 $0 $0 $0 $348
Google --> TD $2,245 $2,054 $1,652 $2,902
Difference -$2,245 -$2,054 -$2,010 $3,903
Google --> TD in 2020 -$358 $6,805 $5,493 -$574
Difference $0 $0 $0
OPM 19.32% 16.20% 15.71% 19.00% 13.89% 15.15% 13.48% 14.37% 14.75% 13.67% 15.86% 16.10% 15.78% 3.98% 0.45% <-Total Growth 10 OPM
Increase 49.11% -16.16% -3.05% 20.99% -26.90% 9.04% -10.98% 6.60% 2.60% -7.32% 16.04% 1.52% -2.01% -74.75% Should increase  or be stable.
Diff from Ave 29.3% 8.4% 5.1% 27.1% -7.1% 1.3% -9.8% -3.8% -1.3% -8.6% 6.1% 7.7% 5.6% -73.4% 0.00 <-Median-> 10 OPM
*Operational Profit Margin (CF/Revenue) Ratio OPM 10 Yrs 14.95% 5 Yrs 14.75% should be  zero, it is a   check on calculations
Cash and Investments. $124,551 $130,548 $142,774 $158,510 $177,093 $202,256 $167,905 $177,481 $177,501 $217,403 $244,136 $278,042 $237,294 112.98% <-Total Growth 10 Cash and Investments.
Debt/Investment Ratio 0.93 0.92 0.92 0.92 0.91 0.78 0.95 0.94 0.98 1.00 0.90 0.89 0.95 92.32% <-Median-> 10 Debt/Investment Ratio
Long Term Debt $115,512 $120,658 $132,063 $146,055 $160,745 $157,949 $159,524 $166,720 $174,521 $218,047 $220,833 $247,698 $226,548 105.29% <-Total Growth 10 Long Term Debt Ins. Cont.
Change 4.45% 9.45% 10.59% 10.06% -1.74% 1.00% 4.51% 4.68% 24.94% 1.28% 12.17% -8.54% 7.07% <-Median-> 10 Change
Debt/Market Cap Ratio 5.96 5.21 4.03 4.36 4.69 4.55 4.60 5.99 5.66 7.74 6.25 8.49 5.92 5.17 <-Median-> 10 % of Market C.
Assets/Current Liabilities Ratio 98.62 73.14 87.61 67.10 71.24 62.16 62.48 56.88 53.07 73.34 67.88 57.79 70.04 64.79 <-Median-> 10 Assets/Current Liabilities
Debt to Cash Flow (Years) 23.85 25.55 26.28 26.83 31.38 25.26 23.61 25.67 28.56 22.69 21.29 35.15 84.50 Debt to Cash Flow (Years)
Intangibles $3,154 $3,115 $3,456 $3,625 $4,036 $3,972 $3,732 $3,976 $3,879 $4,285 $5,514 $6,209 $4,538 99.33% <-Total Growth 10 Intangibles
Goodwill $5,401 $5,397 $5,812 $5,855 $5,913 $5,977 $6,179 $6,548 $6,505 $10,106 $9,081 $10,604 $10,510 96.48% <-Total Growth 10 Goodwill
Total $8,555 $8,512 $9,268 $9,480 $9,949 $9,949 $9,911 $10,524 $10,384 $14,391 $14,595 $16,813 $15,048 97.52% <-Total Growth 10 Total
Change -0.50% 8.88% 2.29% 4.95% 0.00% -0.38% 6.19% -1.33% 38.59% 1.42% 15.20% -10.50% 3.62% <-Median-> 10 Change
Intangible/Market Cap Ratio 0.44 0.37 0.28 0.28 0.29 0.29 0.29 0.38 0.34 0.51 0.41 0.58 0.39 0.31 <-Median-> 10 % of Market C.
Current Assets $4,163 $2,482 $4,708 $5,859 $5,554 $6,366 $7,570 $8,332 $9,588 $10,745 $14,193 $12,709 $14,606 $11,925 210.24% <-Total Growth 10 Current Assets
Current Liabilities $1,682 $2,421 $3,469 $3,720 $5,316 $5,614 $6,434 $6,720 $7,519 $8,502 $8,188 $9,288 $12,138 $9,852 249.90% <-Total Growth 10 Current Liabilities
Liquidity 2.48 1.03 1.36 1.58 1.04 1.13 1.18 1.24 1.28 1.26 1.73 1.37 1.20 1.21 1.25 <-Median-> 10 Ratio
Liq. with CF aft div 5.23 2.54 2.38 2.60 1.84 1.82 1.94 2.03 1.93 1.80 2.71 2.30 1.63 1.29 1.93 <-Median-> 5 Ratio
Liq. CF re  Inv+Div  3.20 1.06 1.13 1.13 1.03 1.13 1.13 1.19 1.18 1.53 1.35 1.04 1.12 1.29 1.18 <-Median-> 5 Ratio
Assets $131,514 $238,768 $253,718 $325,905 $356,709 $399,935 $399,912 $419,838 $427,689 $451,167 $600,490 $630,488 $701,455 $690,003 176.47% <-Total Growth 10 Assets
Liabilities $115,969 $222,664 $236,132 $305,906 $334,812 $374,675 $374,904 $394,302 $400,291 $425,624 $573,475 $600,005 $669,137 $661,229 183.37% <-Total Growth 10 Liabilities
Debt Ratio 1.13 1.07 1.07 1.07 1.07 1.07 1.07 1.06 1.07 1.06 1.05 1.05 1.05 1.04 1.07 <-Median-> 10 Ratio
Estimates BVPS $26.60 $24.10 $25.90 $28.20 Estimates Estimates BVPS
Estimate Book Value $22,457.7 $24,135.0 $26,278.3 Estimates Estimate Book Value
P/B Ratio (Close) 1.71 1.59 1.46 Estimates P/B Ratio (Close)
Difference from 10 year median 8.30% Diff M/C Estimates Difference from 10 yr med.
Book Value  $15,545 $16,104 $17,586 $19,999 $21,897 $25,260 $25,008 $25,536 $27,398 $25,543 $27,015 $30,483 $32,318 $28,774 83.77% <-Total Growth 10 Book Value 
Non-Cont. Int. $2,125 $2,230 $2,510 $2,362 $2,643 $2,806 $3,006 $2,935 $2,875 $2,866 $2,987 $3,267 $3,308 $2,926 31.79% <-Total Growth 10 Non-Cont. Int.
Shareholders' Equity $13,420 $13,874 $15,076 $17,637 $19,254 $22,454 $22,002 $22,601 $24,523 $22,677 $24,028 $27,216 $29,010 $25,848 92.43% <-Total Growth 10 Shareholders' Equity
Preferred Stock $1,897 $1,894 $2,544 $2,314 $2,514 $2,514 $2,514 $2,714 $2,714 $2,714 $2,714 $2,720 $2,720 $2,720 6.92% <-Total Growth 10 Preferred Stock
Book Value $11,523 $11,980 $12,532 $15,323 $16,740 $19,940 $19,488 $19,887 $21,809 $19,963 $21,314 $24,496 $26,290 $23,128 $23,128 $23,128 109.78% <-Total Growth 10 Book Value
Book Value per Share $12.15 $12.61 $13.18 $15.33 $16.80 $20.07 $19.76 $20.11 $22.08 $21.53 $22.97 $26.32 $28.21 $24.82 $24.82 $24.82 114.00% <-Total Growth 10 Book Value per Share
Change -0.21% 3.82% 4.52% 16.30% 9.54% 19.52% -1.58% 1.81% 9.77% -2.50% 6.70% 14.59% 7.18% -12.03% 0.00% 0.00% -16.33% P/B Ratio Current/Historical Median
P/B Ratio (Median) 2.18 1.86 1.70 1.88 1.87 1.71 1.72 1.77 1.42 1.44 1.19 1.31 1.24 1.45 1.98 P/B Ratio Historical Median
P/B Ratio (Close) 2.17 1.62 1.85 2.14 2.00 1.72 1.78 1.75 1.28 1.54 1.32 1.44 1.11 1.66 1.66 1.66 7.91% <-IRR #YR-> 10 Book Value per Share
Change -1.58% -25.57% 14.21% 15.65% -6.37% -13.99% 3.49% -1.97% -26.86% 21.05% -14.48% 9.15% -23.07% 49.26% 0.00% 0.24% 7.00% <-IRR #YR-> 5 Book Value per Share
Leverage (A/BV) 8.46 14.83 14.43 16.30 16.29 15.83 15.99 16.44 15.61 17.66 22.23 20.68 21.70 23.98 16.37 <-Median-> 10 A/BV
Debt/Equity Ratio 7.46 13.83 13.43 15.30 15.29 14.83 14.99 15.44 14.61 16.66 21.23 19.68 20.70 22.98 15.37 <-Median-> 10 Debt/Eq Ratio
Sharerholders Equity (Assets less liabilities) P/BV 10 yr Med 1.57 5 yr Med 1.31 5.16% Diff M/C 14.63 Historical A/BV
-$13.18 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $28.21
-$20.11 $0.00 $0.00 $0.00 $0.00 $28.21
$3,625 <-12 mths -1.97%
Comprehensive Income $1,230 $2,406 $1,829 $3,440 $2,927 $4,785 $1,249 $1,842 $3,726 $1,972 $3,105 $3,245 $3,728 103.83% <-Total Growth 10 Comprehensive Income
NCI $0 $62 -$4 $13 -$33 $57 -$43 -$63 -$27 $30 $37 -$162 $30 NCI
Shareholders  $1,230 $2,344 $1,833 $3,427 $2,960 $4,728 $1,292 $1,905 $3,753 $1,942 $3,068 $3,407 $3,698 101.75% <-Total Growth 10 Shareholders 
Increase 49.64% 90.57% -21.80% 86.96% -13.63% 59.73% -72.67% 47.45% 97.01% -48.25% 57.98% 11.05% 8.54% 11.05% <-Median-> 5 Comprehensive Income
5 Yr Running Average $1,470 $1,493 $1,686 $1,931 $2,359 $3,058 $2,848 $2,862 $2,928 $2,724 $2,392 $2,815 $3,174 7.27% <-IRR #YR-> 10 Comprehensive Income 101.75%
ROE 7.9% 14.6% 10.4% 17.1% 13.5% 18.7% 5.2% 7.5% 13.7% 7.6% 11.4% 11.2% 11.4% 14.19% <-IRR #YR-> 5 Comprehensive Income 94.12%
5Yr Median 7.9% 7.9% 10.4% 10.4% 13.5% 14.6% 13.5% 13.5% 13.5% 7.6% 7.6% 11.2% 11.4% 6.53% <-IRR #YR-> 10 5 Yr Running Average 88.28%
% Difference from NI -45.0% -13.8% -28.0% 15.3% -11.1% 35.1% -56.7% -25.4% 4.9% -35.7% -17.8% -12.5% -6.5% 2.09% <-IRR #YR-> 5 5 Yr Running Average 10.87%
Median Values Diff 5, 10 yr -11.8% -12.5% 11.4% <-Median-> 5 Return on Equity
-$1,833 $0 $0 $0 $0 $0 $0 $0 $0 $0 $3,698
-$1,905 $0 $0 $0 $0 $3,698
-$1,686 $0 $0 $0 $0 $0 $0 $0 $0 $0 $3,174
-$2,862 $0 $0 $0 $0 $3,174
Current Liability Coverage Ratio 1.04 1.12 0.74 0.75 0.64 0.98 -0.09 0.19 0.94 -0.48 -0.32 0.64 2.28 4.41   CFO / Current Liabilities
5 year Median 2.80 1.12 1.04 0.75 0.75 0.75 0.74 0.64 0.64 0.19 -0.09 0.19 0.64 0.64 0.64 <-Median-> 5 Current Liability Cov Ratio
Asset Efficiency Ratio 1.33% 1.13% 1.02% 0.85% 0.95% 1.37% -0.14% 0.30% 1.65% -0.90% -0.44% 0.94% 3.94% 6.29% CFO / Total Assets
5 year Median 3.15% 1.33% 1.13% 1.02% 1.02% 1.02% 0.95% 0.85% 0.95% 0.30% -0.14% 0.30% 0.94% 0.94% 0.9% <-Median-> 5 Return on Assets 
Return on Assets 1.26% 0.85% 0.72% 0.70% 0.71% 0.69% 0.58% 0.47% 0.67% 0.52% 0.49% 0.50% 0.46% 0.43% Net  Income/Assets ROA
5Yr Median 1.32% 1.26% 1.12% 0.85% 0.72% 0.71% 0.70% 0.69% 0.67% 0.58% 0.52% 0.50% 0.50% 0.49% 0.5% <-Median-> 5 ROA
ROE 14.38% 16.88% 14.48% 14.87% 15.21% 13.85% 11.94% 10.01% 13.05% 11.82% 13.81% 12.77% 12.24% 12.93% Net Inc/ Shareholders' equity ROE
5Yr Median 14.77% 14.77% 14.48% 14.77% 14.87% 14.87% 14.48% 13.85% 13.05% 11.94% 11.94% 12.77% 12.77% 12.77% 12.8% <-Median-> 5 ROE
$2,807 <-12 mths
Net Income $1,657 $2,239 $2,208 $2,498 $2,761 $3,011 $2,641 $2,149 $2,961 $2,507 $3,154 $3,563 $3,534 60.05% <-Total Growth 10 Net Income
NCI $0 $121 $278 $90 $93 $123 $192 $30 -$19 $15 $78 $301 $185 NCI
Preferred Shares $0 $96 $115 $130 $122 $126 $123 $129 $133 $133 $133 $134 $130 Preferred Shares
Shareholders  $1,657 $2,022 $1,815 $2,278 $2,546 $2,762 $2,326 $1,990 $2,847 $2,359 $2,943 $3,128 $3,219 $2,990 $3,686 $3,869 77.36% <-Total Growth 10 Net Income
Increase -2.47% 22.03% -10.24% 25.51% 11.76% 8.48% -15.79% -14.45% 43.07% -17.14% 24.76% 6.29% 2.91% -7.11% 23.28% 4.96% EPS/CF Ratio should not be higher than 1.00
5 Yr Running Average $1,769 $1,788 $1,729 $1,894 $2,064 $2,285 $2,345 $2,380 $2,494 $2,457 $2,493 $2,653 $2,899 $2,928 $3,193 $3,378 5.90% <-IRR #YR-> 10 Net Income 77.36%
Operating Cash Flow $5,797 $4,844 $4,722 $5,026 $5,443 $5,123 $6,254 $6,757 $6,494 $6,110 $9,610 $10,373 $7,047 10.10% <-IRR #YR-> 5 Net Income 61.76%
Investment Cash Flow -$1,070 -$3,407 -$3,838 -$4,813 -$4,129 -$3,424 -$4,565 -$4,778 -$4,776 -$1,539 -$8,202 -$11,212 -$5,493 5.30% <-IRR #YR-> 10 5 Yr Running Average 67.66%
Total Accruals -$3,070 $585 $931 $2,065 $1,232 $1,063 $637 $11 $1,129 -$2,212 $1,535 $3,967 $1,665 4.02% <-IRR #YR-> 5 5 Yr Running Average 21.79%
Total Assets $131,514 $238,768 $253,718 $325,905 $356,709 $399,935 $399,912 $419,838 $427,689 $451,167 $600,490 $630,488 $701,455 Balance Sheet Assets
Accruals Ratio -2.33% 0.25% 0.37% 0.63% 0.35% 0.27% 0.16% 0.00% 0.26% -0.49% 0.26% 0.63% 0.24% 0.26% <-Median-> 5 Ratio
EPS/CF Ratio 0.95 0.74 0.70 0.83 0.75 0.50 -4.77 1.70 0.42 -0.57 -1.12 0.53 0.11 0.46 <-Median-> 10 EPS/CF Ratio
Should not be higher than 1.00
-$1,815 $0 $0 $0 $0 $0 $0 $0 $0 $0 $3,219
-$1,990 $0 $0 $0 $0 $3,219
-$1,729 $0 $0 $0 $0 $0 $0 $0 $0 $0 $2,899
-$2,380 $0 $0 $0 $0 $2,899
Change in Close -1.79% -22.73% 19.36% 34.50% 2.56% 2.80% 1.85% -0.20% -19.72% 18.03% -8.75% 25.07% -17.54% 31.31% 0.00% 0.24% Count 27 Years of data
up/down Count 0 0.00%
Meet Prediction? % right Count 0 #DIV/0!
Financial Cash Flow -$6,099 -$1,245 -$1,037 $493 -$1,685 -$1,683 -$1,045 -$1,659 -$1,267 -$3,981 $2,010 -$992 -$620 C F Statement  Financial Cash Flow
Total Accruals $3,029 $1,830 $1,968 $1,572 $2,917 $2,746 $1,682 $1,670 $2,396 $1,769 -$475 $4,959 $2,285 Accruals
Accruals Ratio 2.30% 0.77% 0.78% 0.48% 0.82% 0.69% 0.42% 0.40% 0.56% 0.39% -0.08% 0.79% 0.33% 0.39% <-Median-> 5 Ratio
Cash $1,840 $2,056 $1,895 $2,791 $2,498 $2,813 $3,259 $3,551 $4,168 $4,628 $7,946 $6,075 $7,290 $7,171 Cash
Cash per Share $1.94 $2.16 $1.99 $2.79 $2.51 $2.83 $3.30 $3.59 $4.22 $4.99 $8.56 $6.53 $7.82 $7.70 $6.53 <-Median-> 5 Cash per Share
Percentage of Stock Price 7.35% 10.61% 8.19% 8.53% 7.46% 8.20% 9.39% 10.23% 14.97% 15.01% 28.22% 17.20% 24.99% 18.72% 17.20% <-Median-> 5 % of Stock Price
Notes:
May 31, 2023.  Great West Life sell Putnum Investments 
https://www.greatwestlifeco.com/news-events/news/great-west-lifeco-announces-sale-of-putnam-investments-to-franklin-templeton.html
Selling Putnum great reduces the companies Revenue.
September 15, 2023.  Last estimates is 2022, 2023 and 2024 of $66900M, $78900M and $80200M for Revenue, $3.61, $3.86 and $4.84 for AEPS, 
$3.39, $3.75 and $3.64 for EPS, $1.97, $2.11 and $2.46 for Dividends, and $3156M, $3518M and $3397M for Net Income.
September 17, 2021.  Last estimate is for 2021, 2022 and 2023 of $66951M and $67180M for 2021-22 for Revenue, $3.25, $3.57 and $4.03 for EPS, 
$1.75, $1.83 and $1.95 for Dividends, and $3031M, $3328M and $4564M for Net Income.
September 10, 2021.  Last estimates were for 2020, 2021 and 2022 of $48082M, $54644M and $57651M for Revenue, $2.63, $3.04 and $3.33 for EPS, 
$1.75, $1.82 and $2.03 for Dividends, and $2411M, $2691M and $2603M for Net Income.
September 19, 2020.  Last estimates were for 2019, 2020 and 2021 of $57746M, $57475 and $60350 for Revenue, $2.65, $3.12 and $3.39 for EPS, 
$1.65, $1.64 and $1.84 for Dividends and $2507M, $2895M and $3152M for Net Income.
September 15, 2019.  Last estimates were for 2018, 2019 nd 2020 of $47705M, $49656M and $51922M for Revenue, $3.07, $3.25 and $3.50 for EPS, 
$2.97 for CFPS for 2018 and $3663M, $3248M and $3587M for Net Income.
September 23, 2018.  Last estimates were for 2017, 2018 and 2019 oof $44511M, $45448M and $48093M for Revenue, $2.66, $3.05 and $3.39 for EPS, 
$2.97, $3.10 for CFPS for 2017 and 2018 and $2602M, $3041M and $3487M for Net Income.
September 23, 2017.  Last estimates were for 2016, 2017 and 2018 of $44683M, $42366M and $43553M for Revenue, $2.62, $2.86 and $2.89 for EPS,
$2.47, $2.39 and $2.57 for CFPS and $2637M, $2918M and $3133M for Net Income.
September 27, 2016.  Last estimates were for 2015, 2016 and 2017 of $36305M, $39996M and $45405M for Revenue, $2.73, $2.93 and $3.17 for EPS,
$6.32, $3.43 and $3.63 for CFPS and $2764M, $2948M and $3127M for Net Income.
October 4, 2015.  Last estimates were for 2014, 2015 and 2016 of $36068M, $42467M and $43562M for Revenue, $2.50, $2.63 and $2.44 for EPS, 
$2.35, $1.59 and $1.72 for CFPS and $2498M, $2758M and $3045M for Net Income.
September 26, 2014.  Last estimates were for 2013, 2014 and 2015 of $29254M, $52508M and $42305M for Revenue, $2.28, $2.54 and $2.72 for EPS.
August 30, 2013.  Last estimates were for 2012 and 2013 of $29,234M and $32,311M for Revenue, $2.08 and $2.29 (and $2.92) for EPS.
May 26, 2012.  Last estimates were for 2011 and 2012 of Revenue fo $29084M and $28170M, EPS of $1.95, 2.14 and for 2013 $2.20.
Jan 21, 2012.  Last estimates I got was for 2010 and 2011 for EPS at $1.90 and $2.23.
Nov 11, 2010.  Last time I looked, I got earnings for 2009 and 2010 of $1.85 and $2.50
2007 AR.   I can see why people like this stock.  It is basically a stable earner.
For cash flow, I do not think that there is a non-cash flow or working capital as current assets and liabilities liquidity ratio does not really apply.
Sector:
Insurance, Financial
What should this stock accomplish?
Would I buy this company and Why.
This is a good dividend growth stock. The only reason I would not personally buy it is that it is part of Power Corp and Power Financial.  
I own Power Financial.  
Why am I following this stock. 
This stock seems to be a favorite with investors who like solid, stable, dividend paying stock. It was on Mike Higgs' list and it used to be on the dividend lists. 
I have been following this stock for some time.  However, I will not buy it because I have Power Corp. (TSX-POW).  Great West Lifeco Inc. is one of the companies under Power Corp. (TSX-POW).
Dividends
Dividends are paid quarterly in Cycle 3, that is March, June, September and December.  Dividends are either declared late in one month and paid in the following month, or declared early in the month and paid in that month.
For example, the dividend declared for Shareholders of record of February 28, 2013 was paid on March 28, 2013.  However, the dividend declared for shareholders of record of December 3, 2013 was paid on December 31, 2013.
How they make their money.
Great-West Lifeco provides life insurance, health insurance, retirement products, asset management, recordkeeping services, and reinsurance products in Canada, the United States, 
and Europe. The Canada business has leading market positions in group insurance, group retirement, and individual insurance. The company operates the second-largest recordkeeping 
business under the Empower brand in the United States.  Great-West Lifeco also offers various products across Europe markets with a strong presence in the U.K., Ireland, and Germany.  
Power Financial Corp owes 68.2% of this company as of December 2011.  In June of 2013, ownership is 69.4%.
For most ratios, lower is better when looking for a good stock price.  However, there are exceptions such as for yield and asset/liability ratios and here you want a higher ratios to indicate a good stock price.  
Also, for the Operational Profit Margin, a higher percentage is better.  With the OPM, you should only compare companies in similar industries.
Shares; '%, Value $M %, Val $M Shares %, Val $M Shares %, Val $M Shares %, Val $M Shares %, Val $M Shares %, Val $M Shares %, Val $M Shares %, Val $M Shares %, Val $M Change
Date 2015 Sep 2016 Sep 2017 Sep 23 2018 Sep 15 2019 Sep 19 2020 Sep 9 2021 Sep 17 2022 Sep 15 2023
Mahon, Paul 0.01% 0.139 0.01% 0.142 0.01% 0.146 0.01% 0.151 0.02% 0.156 0.02% 0.193 0.02% 0.219 0.02% 0.250 0.03% 14.09%
CEO - Shares - Amount $4.684 $4.88 $4.996 $4.116 $5.007 $4.731 $7.314 $6.852 $10.265
Options - percentage 0.09% 1.106 0.11% 1.314 0.13% 1.379 0.14% 1.919 0.21% 2.433 0.26% 2.947 0.32% 3.400 0.36% 3.918 0.42% 15.21%
Options - amount $32.363 $38.89 $46.129 $38.847 $63.815 $73.855 $111.874 $106.432 $161.012
MacNicholas, Garry 0.00% 0.003 0.00% 0.003 0.00% 0.003 0.00% 0.003 0.00% 0.005 0.00% 0.005 0.00% 0.005 0.00% 0.005 0.00% 0.00%
CFO - Shares - Amount $0.086 $0.09 $0.088 $0.070 $0.083 $0.156 $0.195 $0.161 $0.211
Options - percentage 0.02% 0.277 0.03% 0.346 0.04% 0.417 0.04% 0.561 0.06% 0.677 0.07% 0.792 0.09% 0.910 0.10% 1.027 0.11% 12.84%
Options - amount $6.881 $9.75 $12.159 $11.749 $18.646 $20.556 $30.075 $28.476 $42.194
Lovatt, William Wayne
CFO - Shares - Amount
Options - percentage
Options - amount
Bird, Graham R. 0.00% 0.001 0.00% 0.002 0.00% 0.003 0.00% 0.005 0.00% 0.007 0.00% 0.009 0.00% 0.011 0.00% 0.013 0.00% last report Mar 2023 19.02%
Officer - Shares - Amount $0.000 $0.03 $0.074 $0.098 $0.168 $0.212 $0.353 $0.351 $0.548
Options - percentage 0.01% 0.241 0.02% 0.350 0.04% 0.445 0.05% 0.613 0.07% 0.775 0.08% 0.933 0.10% 1.142 0.12% 1.332 0.14% 16.67%
Options - amount $4.539 $8.46 $12.277 $12.543 $20.380 $23.522 $35.432 $35.747 $54.763
Macoun, Jeffrey Frederick 0.011 0.00% 0.013 0.00% 19.85%
Officer - Shares - Amount $0.335 $0.527
Options - percentage 0.878 0.09% 0.948 0.10% 7.98%
Options - amount $27.471 $38.952
Harney, David Martin 0.002 0.00% 0.002 0.00% -10.31%
Officer - Shares - Amount $0.055 $0.064
Options - percentage 0.395 0.04% 0.507 0.05% 28.29%
Options - amount $12.368 $20.835
McFeetors, Raymond Lindsay
Officer - Shares - Amount
Options - percentage
Options - amount
Bain, George Sayers ceased to be an insider
Director - Shares - Amount
Options - percentage
Options - amount
Coutu, Marcel R. 0.00% 0.010 0.00% 0.010 0.00% 0.010 0.00% 0.010 0.00% 0.010 0.00% 0.010 0.00% 0.010 0.00% 0.010 0.00% 0.00%
Director - Shares - Amount $0.345 $0.352 $0.351 $0.282 $0.333 $0.304 $0.380 $0.313 $0.411
Options - percentage 0.00% 0.026 0.00% 0.035 0.00% 0.043 0.00% 0.059 0.01% 0.077 0.01% 0.094 0.01% 0.109 0.01% 0.127 0.01% 16.31%
Options - amount $0.685 $0.91 $1.218 $1.211 $1.958 $2.347 $3.562 $3.418 $5.221
Desmarais, André 0.04% 0.350 0.04% 0.350 0.04% 0.350 0.04% 0.350 0.04% 0.350 0.04% 0.350 0.04% 0.350 0.04% 0.350 0.04% 0.00%
Director - Shares - Amount $12.086 $12.31 $12.285 $9.863 $11.641 $10.623 $13.286 $10.955 $14.385
Options - percentage 0.01% 0.142 0.01% 0.152 0.02% 0.161 0.02% 0.183 0.02% 0.210 0.02% 0.233 0.03% 0.256 0.03% 0.219 0.02% -14.37%
Options - amount $4.586 $4.99 $5.328 $4.539 $6.097 $6.360 $8.848 $7.998 $8.993
Orr, Robert Jeffrey 0.00% 0.020 0.00% 0.020 0.00% 0.020 0.00% 0.020 0.00% 0.020 0.00% 0.020 0.00% 0.020 0.00% 0.020 0.00% 0.00%
Chairman -  $0.691 $0.70 $0.702 $0.564 $0.665 $0.607 $0.759 $0.626 $0.822
Options - percentage 0.01% 0.146 0.01% 0.163 0.02% 0.177 0.02% 0.191 0.02% 0.208 0.02% 0.225 0.02% 0.242 0.03% 0.261 0.03% 7.98%
Options - amount $4.605 $5.13 $5.724 $4.979 $6.353 $6.327 $8.549 $7.559 $10.718
Desmarais, Paul G.
Director Shares - M$
Desmarais Family Residuary Trust 71.41% 709.305 71.91% 709.305 71.74% 709.305 71.81% 657.587 70.92% 657.587 70.87% 657.587 70.66% 657.587 70.57% 657.587 70.57% Last filed in Apr 2019 0.00%
10% Holder - Shares - Amt $24,492.317 $24,946.27 $24,896.62 $19,988.23 $21,871.35 $19,957.77 $24,962.01 $20,582.478 $27,026.832
Increase in O/S Shares 0.03% 2.931 0.30% 1.016 0.10% 4.124 0.42% 1.144 0.12% 1.243 0.13% 0.572 0.06% 2.767 0.30% 1.233 0.13%
due to SO $10.794 $101.201 $35.729 $144.764 $40.156 $41.334 $17.358 $105.044 $38.586
Book Value $10.000 $99.000 $31.000 $143.000 $39.000 $39.000 $5.651 $97.000 $43.000
Insider Buying $0.000 -$0.052 -$0.969 -$0.035 -$0.062 -$0.083 -$2.406 -$0.195 $0.000
Insider Selling $26.553 $2.100 $2.186 $5.636 $0.000 $0.705 $2.863 $2.502 $9.076
Net Insider Selling $26.553 $2.048 $1.217 $5.601 -$0.062 $0.622 $0.457 $2.306 $9.076
% of Market Cap 0.08% 0.01% 0.00% 0.02% 0.00% 0.00% 0.00% 0.01% 0.02%
Directors 20 21 22 22 22 19 18 19
Women 20% 4 20% 4 19% 5 23% 5 23% 6 27% 6 32% 5 28% 6 32%
Minorities 0% 0 0% 2 10% 1 5% 1 5% 1 5% 1 5% 1 6% 2 11%
Institutions/Holdings 8.58% 214 9.47% 214 8.41% 212 81.68%
Value of Shares Held $2,917.54 $25,189.98
Total Shares Held 8.62% 94.029 9.53% 86.000 8.70% 783.000 79.19%
Value of Shares Held $3,018.60 $27,483.30
Increase/Decrease 0.21% -3.894 -3.98% -1.000 -1.15% -3.000 -0.38%
Starting No. of Shares 97.923 87.000 Morningstar 786.000 Morningstar
Institutions/Holdings 3 7.00% 2 4.46% 20 4.46% 20 13.30% 20 13.30% 20 42.53% Morningstar now top 20
Total Shares Held 0.647 0.07% 0.066 0.01% 762.842 82.27% 123.638 13.29% 67.716 7.27% 396.051 42.50%
Increase/Decrease 0.002 0.28% 0.000 0.11% -11.460 -1.48% 5.627 4.77% -0.520 -0.76% 18.513 4.90%
Starting No. of Shares 0.645 Nasdaq 0.066 Reuters 774.302 Reuters 118.012 MS Top 20 68.236 MS Top 20 377.538 MS Top 20
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