Strong Earnings Growth
Adjusted net earnings from continuing operations were $863 million, an increase of 25% year-over-year. Q3 adjusted net earnings per share were $1.35, up 26% from last year.
Significant Strategic Investments
The Rockefeller and Wealthsimple transactions demonstrated substantial value creation, with Wealthsimple reaching over $100 billion in assets.
Record AUM and AUA Growth
IGM's record high AUM and AUA were up 14% year-over-year and increased 7% quarter-over-quarter.
Strong Cash Flow and Share Repurchases
Power Corp's cash position saw a material increase, and the company repurchased 3 million shares worth about $170 million in the quarter.
Positive Contributions from Great-West and IGM
Great-West's contribution to Power's adjusted net earnings was up 16% year-over-year, and IGM's contribution increased by 23% year-over-year.