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Canadian holding company controlling Great-West Lifeco insurance and IGM Financial wealth management, with fintech/alternative investment stakes.
Canadian holding company controlling Great-West Lifeco insurance and IGM Financial wealth management, with fintech/alternative investment stakes.
Is a holding company: earnings come mostly through dividends from Great-West Lifeco and IGM Financial, plus gains from its alternative-asset arm Sagard and fintech investments such as Wealthsimple, Canada's online investing platform. The Desmarais family controls it through multiple-voting shares. It absorbed its subsidiary Power Financial in 2020.
In one line: A diversified financial holding company, akin to Fairfax Financial.
Moat: narrow (scale, brand). Controlling stakes in two large, established Canadian financial franchises built over generations.
Headquarters: Montreal, Canada · Founded: 1925 · Employees: 41,200
Size Power Corporation of Canada (POW.TO) is a Canada Financials company (Multi-Line Insurance) with a market value of $40.7B, the 30th largest of 420 Canada companies the cockpit tracks. Shares closed at C$91.36 on 6 Nov 2026.
Performance Over six months the shares gained 15.9%, against +14.9% for the median peer and +5.2% for the Canada market (cap-weighted) — 9th highest of 21 in its peer set.
Growth Revenue grew 9.7% over the last twelve months (peer median +9.2%); the operating margin is 32.8% (peer median 16.8%).
Valuation It trades at 2.42× book value against a peer median of 1.71× (4th most expensive of 21).
Price implies The share price implies a return on equity of about 15.9%; Power Corporation of Canada delivers 11.0%, so the price asks more than the business earns today.
Credit Power Corporation of Canada has 1 bond outstanding ($106M), rated A+ by the agencies and trading like BBB- at a weighted spread of 165 bp.
Next results Next results expected around 11 Nov 2026 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | C$59.3B | C$55.6B | C$52.2B | C$46.4B | C$24.3B |
| Revenue growth | — | +7% | +13% | +91% | — |
| Net income | C$2.69B | C$2.63B | C$2.75B | C$2.25B | C$2.25B |
| Free cash flow | C$5.02B | C$4.16B | C$5.02B | C$4.76B | C$3.45B |
| Capital expenditure | C$597M | C$625M | C$874M | C$1.17B | C$804M |
| Total debt | C$22.0B | C$22.1B | C$22.8B | C$21.1B | C$21.4B |
The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.
| Company | Market cap | 6M return | Revenue growth | ROE | Price / book | Implied ROE |
|---|---|---|---|---|---|---|
| Power Corporation of Canada POW.TO | $40.7B | +16% | +10% | 11% | 2.42× | 15.9% |
| Fairfax Financial FFH.TO | $42.7B | +21% | -1% | 16% | 1.40× | 7.0% |
| Manulife Financial MFC.TO | $72.2B | +13% | +18% | 13% | 2.22× | 13.0% |
| Sun Life Financial SLF.TO | $40.1B | +7% | -1% | 13% | 2.38× | 13.7% |
Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.
| Measure | POW.TO | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | +4.2% | +2.6% | 9th highest of 21 |
| 6-month return | +15.9% | +14.9% | 9th highest of 21 |
| Return on equity | 10.9% | 16.3% | 5th lowest of 21 |
| Price / book | 2.42× | 1.71× | 4th most expensive of 21 |
| Trailing P/E | 22.5× | 11.3× | 3rd most expensive of 21 |
| ROE the price implies | 15.9% | 10.2% | 3rd most demanding of 21 |
| ROE delivered | 11.0% | 16.3% | 5th lowest of 21 |
| Bond spread | 165 bp | 79 bp | widest of 11 |
| Company | Market | Market cap | 6M return | Revenue growth | ROE | Price / book | Implied ROE | Delivered ROE |
|---|---|---|---|---|---|---|---|---|
| Power Corporation of Canada POW.TO | Canada | $40.7B | +16% | +10% | 11% | 2.42× | 15.9% | 11.0% |
| American International AIG | United States | $40.7B | +2% | +1% | 8% | 1.04× | 7.5% | 8.2% |
| Sun Life Financial SLF.TO | Canada | $40.1B | +7% | -1% | 13% | 2.38× | 13.7% | 13.5% |
| Sompo 8630.T | Japan | $39.6B | +17% | +41% | 15% | 1.14× | 6.2% | 14.6% |
| China Pacific Insurance (Group) 2601.HK | Hong Kong | $42.5B | -22% | +9% | 14% | 0.69× | 8.4% | 14.4% |
| Ms&ad Ins Gp Hldgs 8725.T | Japan | $44.4B | +22% | +21% | 17% | 1.07× | 6.9% | 16.6% |
| People's Insurance Co. (Group) of China 601319.SS | China | $44.4B | +1% | +4% | 10% | 0.96× | 6.0% | 9.7% |
| Arch Capital ACGL | United States | $36.6B | +14% | -5% | 19% | 1.58× | 8.3% | 18.7% |
| Swiss Re SREN.SW | Switzerland | $50.6B | +27% | -12% | 20% | 2.27× | 6.1% | 20.4% |
| Prudential plc Sponsored ADR PUK | United States | $31.7B | -21% | +39% | 19% | 1.56× | 11.4% | 19.2% |
| Prudential 2378.HK | Hong Kong | $30.8B | -24% | +30% | 19% | 1.54× | 11.3% | 19.3% |
| Aviva AV..L | United Kingdom | $29.5B | +18% | +86% | 7% | 2.46× | 23.8% | 6.8% |
| Great-West Lifeco GWO.TO | Canada | $57.4B | +18% | +4% | 16% | 3.02× | 15.7% | 16.0% |
| Cincinnati Financial CINF | United States | $28.5B | +15% | +10% | 17% | 1.76× | 10.6% | 16.9% |
| W. R. Berkley WRB | United States | $27.9B | +16% | +1% | 19% | 2.91× | 12.8% | 19.2% |
| Helvetia Baloise HBAN.SW | Switzerland | $27.0B | +5% | +54% | 4% | 1.80× | 4.8% | 4.0% |
| Aflac AFL | United States | $62.2B | +10% | +14% | 17% | 2.06× | 12.5% | 16.9% |
| MetLife MET | United States | $62.4B | +27% | +9% | 13% | 2.28× | 16.2% | 13.2% |
| Fubon Financial Hldg 2881.TW | Taiwan | $62.7B | +66% | +12% | 16% | 1.66× | 7.4% | 16.0% |
| Allstate ALL | United States | $64.4B | +20% | +6% | 46% | 2.04× | 9.9% | 46.1% |
| Unipol Assicurazioni UNI.MI | Italy | $23.8B | +13% | +7% | 17% | 1.62× | 14.9% | 16.9% |
Power Corporation of Canada has 1 bond outstanding with $106M face value. The agencies rate it A+; its bonds trade like BBB-. Weighted yield 5.37%, a spread of 165 bp over government bonds.