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.														Estimates	Estimates	Estimates
While I try to be accurate, I assume no responsibility for any figure in this spreadsheet.														Q2 2026
See my website on stocks or see my blog at the following sites.							https://spbrunner.com/stocks.html				https://spbrunner.blogspot.com/
Great-West Lifeco Inc					TSX:	GWO	OTC:	GWLIF	https://www.greatwestlifeco.com/			Fiscal Yr:	Dec 31
Year	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	12/31/26	12/31/27	12/31/28		Value	Description	#Y	Item	Total G
Accounting Rules	IFRS	IFRS	IFRS	IFRS	IFRS	IFRS	IFRS	IFRS	IFRS	IFRS	IFRS	IFRS	IFRS	IFRS	IFRS	IFRS					Accounting Rules
Split Dates
Splits																					Splits
														$1,378,251	<-12 mths	21.30%
Assets Under Management	$511,119	$572,980	$652,415	$659,127	$698,792	$709,353	$771,715	$951,433	$1,007,643	$1,033,189	$1,095,374	$1,039,405	$1,136,256					74.16%	<-Total Growth	10	Assets Under Mge	From Td
Increase	40.36%	12.10%	13.86%	1.03%	6.02%	1.51%	8.79%	23.29%	5.91%	2.54%	6.02%	-5.11%	9.32%					5.70%	<-IRR #YR->	10	Assets Under Mge	74.16%
5 year Running Average			$492,966	$551,960	$618,887	$658,533	$698,280	$758,084	$827,787	$894,667	$971,871	$1,025,409	$1,062,373					3.61%	<-IRR #YR->	5	Assets Under Mge	19.43%
AUM per Share	$0.03	$0.03	$0.03	$0.04	$0.04	$0.03	$0.04	$0.03	$0.04	$0.03	$0.05	$0.05	$0.07					7.24%	<-IRR #YR->	6	5 year Running Average	114.85%
Assets Under Management in Millions								AUM per Sh	10 yr	$0.04	5 yr	$0.04	$0.05					6.98%	<-IRR #YR->	5	5 year Running Average	128.33%
			-$652,415	$0	$0	$0	$0	$0	$0	$0	$0	$0	$1,136,256
								-$951,433	$0	$0	$0	$0	$1,136,256
							-$698,280	$0	$0	$0	$0	$0	$1,062,373
								-$758,084	$0	$0	$0	$0	$1,062,373
														$3,226,648	<-12 mths	15.61%
Assets Under Admin	$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	$2,852,540	$3,266,298	$2,790,945					130.18%	<-Total Growth	10	Assets Under Mge	From Td
Increase	38.93%	40.23%	14.03%	2.96%	8.13%	3.63%	16.50%	21.24%	15.37%	9.57%	14.21%	14.50%	-14.55%					8.69%	<-IRR #YR->	10	Assets Under Mge	130.18%
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	$2,247,071	$2,574,394	$2,737,414					7.15%	<-IRR #YR->	5	Assets Under Mge	41.25%
Price /AUM Ratio	0.000043	0.000032	0.000028	0.000028	0.000026	0.000020	0.000020	0.000015	0.000017	0.000013	0.000015	0.000015	0.000024					12.26%	<-IRR #YR->	6	5 year Running Average	-14.83%
Assets Under Admint in Millions								P/AUM	10 yr	0.00	5 yr	0.00	0.00					12.48%	<-IRR #YR->	5	5 year Running Average	57.89%
			-$1,212,517	$0	$0	$0	$0	$0	$0	$0	$0	$0	$2,790,945
								-$1,975,847	$0	$0	$0	$0	$2,790,945
							-$1,367,880	$0	$0	$0	$0	$0	$2,737,414
								-$1,520,546	$0	$0	$0	$0	$2,737,414
Group Life & Heath Book Premiums											$31,762	$70,978
Total Net Premiums	$20,236	$21,222	$24,501	$31,125	$33,902	$35,461	$24,510	$43,019	$52,813	$52,821	$31,762	$70,978	$0					-100.00%	<-Total Growth	10	Group Life & Health Bk Prem	From Q for 2024
Investment Income.	$5,604	$6,010	$6,271	$6,252	$6,141	$6,358	$6,161	$5,963	$6,393	$8,146	$15,353	$9,683	$9,853					57.12%	<-Total Growth	10	Investment Income.
Fee and other Income	$3,585	$4,422	$5,058	$5,101	$5,608	$5,819	$7,081	$5,902	$7,294	$7,598	$5,874	$7,224	$7,895					56.09%	<-Total Growth	10	Fee and other Income
Total	$29,425	$31,654	$35,830	$42,478	$45,651	$47,638	$37,752	$54,884	$66,500	$68,565	$52,989	$87,885	$17,748					-50.47%	<-Total Growth	10	Total
Change	7.32%	7.58%	13.19%	18.55%	7.47%	4.35%	-20.75%	45.38%	21.16%	3.11%	-22.72%	65.86%	-79.81%					5.91%	<-Median->	10	Change
Insurance Revenue												$21,214	$22,321	$22,805	<-12 mths			$11,037	$11,521
Net Investment Income												$9,683	$9,853	$10,405	<-12 mths			$4,654	$5,206
Chge on Fair value assets												$1,676	$3,907	$2,109	<-12 mths			$2,213	$415
Fee and other Income.												$7,224	$7,895	$8,192	<-12 mths			$3,859	$4,156
Total												$39,797	$43,976	$43,511	<-12 mths			$21,763	$21,298
Diff												$0	$0
														$43,511	<-12 mths	-1.06%
Net Sales Mkt Scn							$44,698	$60,583	$64,417	$44,662	$41,629
Revenue*	$26,446	$39,181	$33,820	$46,381	$47,008	$44,032	$44,698	$60,583	$64,417	$44,662	$41,629	$39,797	$43,976	$41,066	$42,988	$44,648		30.03%	<-Total Growth	10	Revenue
Increase	-12.03%	48.15%	-13.68%	37.14%	1.35%	-6.33%	1.51%	35.54%	6.33%	-30.67%	-6.79%	-4.40%	10.50%	-6.62%	4.68%	3.86%		2.66%	<-IRR #YR->	10	Revenue	30.03%
5 year Running Average	$29,389	$31,117	$31,881	$35,178	$38,567	$42,084	$43,188	$48,540	$52,148	$51,678	$51,198	$50,218	$46,896	$42,226	$41,891	$42,495		-6.21%	<-IRR #YR->	5	Revenue	-27.41%
Revenue per Share	$26.46	$39.31	$34.05	$47.02	$47.54	$44.58	$48.20	$65.29	$69.22	$47.93	$44.65	$42.70	$48.52	$45.91	$48.06	$49.92		3.93%	<-IRR #YR->	10	5 yr Running Average	47.10%
Increase	-16.32%	48.56%	-13.39%	38.11%	1.11%	-6.24%	8.13%	35.45%	6.01%	-30.76%	-6.85%	-4.37%	13.64%	-5.38%	4.68%	3.86%		-0.69%	<-IRR #YR->	5	5 yr Running Average	-3.39%
5 year Running Average	$30.70	$32.10	$32.58	$35.69	$38.88	$42.50	$44.28	$50.53	$54.97	$55.04	$55.06	$53.96	$50.60	$45.94	$45.97	$47.02		3.61%	<-IRR #YR->	10	Revenue per Share	42.51%
P/S (Price/Sales) Med	1.09	0.80	1.01	0.72	0.75	0.70	0.64	0.42	0.50	0.73	0.85	1.05	0.99	1.67	0.00	0.00		-5.77%	<-IRR #YR->	5	Revenue per Share	-25.69%
P/S (Price/Sales) Close	1.24	0.85	1.01	0.75	0.74	0.63	0.69	0.46	0.55	0.65	0.98	1.12	1.40	2.03	1.94	1.88		4.50%	<-IRR #YR->	10	5 yr Running Average	55.30%
*Total Revenue in M CDN $					P/S Med	20 yr	0.75	15 yr	0.75	10 yr	0.73	5 yr	0.85		178.90%	Diff M/C		0.03%	<-IRR #YR->	5	5 yr Running Average	0.15%
			-$33,820	$0	$0	$0	$0	$0	$0	$0	$0	$0	$43,976
								-$60,583	$0	$0	$0	$0	$43,976
			-$31,881	$0	$0	$0	$0	$0	$0	$0	$0	$0	$46,896
								-$48,540	$0	$0	$0	$0	$46,896
			-$34.05	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$48.52
								-$65.29	$0.00	$0.00	$0.00	$0.00	$48.52
			-$32.58	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$50.60
								-$50.53	$0.00	$0.00	$0.00	$0.00	$50.60
														$4,979	<-12 mths	7.10%
														$5.45	<-12 mths	8.78%
Adjusted Profit CDN$	$2,498	$2,761	$3,011	$2,685	$2,647	$3,017	$2,704	$2,669	$3,260	$3,219	$3,667	$4,192	$4,649					54.40%	<-Total Growth	10	Adjusted Profit CDN$
Basic	$2.34	$2.55	$2.77	$2.71	$2.68	$3.05	$2.86	$2.88	$3.51	$3.46	$3.94	$4.50	$5.03					81.33%	<-Total Growth	10	AEPS	WebBroker
AEPS* Dilued	$2.30	$2.55	$2.77	$2.71	$2.67	$3.05	$2.86	$2.88	$3.50	$3.45	$3.93	$4.48	$5.01	$5.72	$6.30	$6.79		81.00%	<-Total Growth	10	AEPS	Estimates
Increase	21.53%	10.84%	8.72%	-2.18%	-1.32%	14.16%	-6.34%	0.74%	21.68%	-1.43%	13.79%	14.05%	11.83%	14.17%	10.14%	7.78%		10	0	10	Years of Data, EPS P or N	100.00%
5 year Running Average	$1.95	$2.12	$2.32	$2.44	$2.60	$2.75	$2.81	$2.83	$2.99	$3.15	$3.32	$3.65	$4.07	$4.52	$5.09	$5.66		6.11%	<-IRR #YR->	10	AEPS	81.00%
AEPS Yield	7.01%	7.58%	8.02%	7.70%	7.61%	10.82%	8.59%	9.48%	9.23%	11.03%	8.96%	9.40%	7.40%	6.14%	6.76%	7.22%		11.72%	<-IRR #YR->	5	AEPS	74.08%
Payout Ratio	53.55%	48.31%	47.11%	51.12%	54.94%	51.01%	57.82%	60.88%	51.51%	56.78%	52.95%	49.55%	48.70%	46.85%	42.54%	39.47%		5.78%	<-IRR #YR->	10	5 yr Running Average	75.42%
5 year Running Average	63.77%	59.12%	54.46%	53.03%	51.01%	50.50%	52.40%	55.15%	55.23%	55.60%	55.99%	54.33%	51.90%	50.97%	48.12%	45.42%		7.54%	<-IRR #YR->	5	5 yr Running Average	43.82%
Price/AEPS Median	12.53	12.34	12.43	12.58	13.30	10.26	10.81	9.46	9.82	10.14	9.61	10.00	9.61	13.40	0.00	0.00		10.07	<-Median->	10	Price/AEPS Median
Price/AEPS High	14.51	13.30	13.55	13.68	14.13	11.64	11.97	12.27	11.31	11.98	11.19	11.34	10.14	16.27	0.00	0.00		11.81	<-Median->	10	Price/AEPS High
Price/AEPS Low	10.54	11.37	11.31	11.49	12.47	8.88	9.66	6.66	8.34	8.30	8.02	8.67	9.08	10.53	0.00	0.00		8.78	<-Median->	10	Price/AEPS Low
Price/AEPS Close	14.26	13.19	12.47	12.99	13.14	9.24	11.64	10.55	10.84	9.07	11.17	10.64	13.51	16.28	14.79	13.84		11.00	<-Median->	10	Price/AEPS Close
Trailing P/AEPS Close	17.33	14.62	13.56	12.71	12.96	10.55	10.90	10.62	13.19	8.94	12.71	12.14	15.11	18.59	16.28	14.92		12.42	<-Median->	10	Trailing P/AEPS Close
Median Values	Historical	in order	12.07	13.27	10.07	12.94	P/AEPS	5 Yrs	in order	9.82	11.31	8.34	10.84		65.78%	Diff M/C					DPR 75% to 95% best
* Base EPS, Base Earnings
			-$2.77	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$5.01
								-$2.88	$0.00	$0.00	$0.00	$0.00	$5.01
			-$2.32	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$4.07
								-$2.83	$0.00	$0.00	$0.00	$0.00	$4.07
pre-split 04
														$4.87	<-12 mths	13.52%
EPS Basic Continuing Operations	$2.34	$2.55	$2.77	$2.67	$2.17	$3.00	$2.49	$3.17	$3.37	$3.89	$3.07	$4.30	$4.29					54.65%	<-Total Growth	10	EPS Basic Continuing Operations
EPS Diluted*	$2.30	$2.55	$2.77	$2.66	$2.17	$2.99	$2.49	$3.17	$3.36	$3.89	$3.07	$4.29	$4.26					53.90%	<-Total Growth	10	EPS Diluted*
														$4.87	<-12 mths	14.32%
EPS Basic	$2.34	$2.55	$2.77	$2.67	$2.17	$3.00	$2.49	$3.17	$3.37	$3.46	$2.94	$4.23	$4.29					54.65%	<-Total Growth	10	EPS Basic
pre-split 04
EPS Diluted*	$2.30	$2.55	$2.77	$2.66	$2.17	$2.99	$2.49	$3.17	$3.36	$3.45	$2.93	$4.21	$4.26	$5.27	$6.05	$6.51		53.90%	<-Total Growth	10	EPS Diluted
Increase	21.53%	10.84%	8.72%	-3.79%	-18.51%	37.97%	-16.73%	27.28%	5.89%	2.68%	-15.07%	43.69%	1.19%	23.69%	14.88%	7.48%		10	0	10	Years of Data, EPS P or N
Earnings Yield	7.0%	7.6%	8.0%	7.6%	6.2%	10.6%	7.5%	10.5%	8.9%	11.0%	6.7%	8.8%	6.3%	5.7%	6.5%	6.9%		4.41%	<-IRR #YR->	10	Earnings	53.90%
5 year Running Average	$1.95	$2.12	$2.32	$2.43	$2.49	$2.63	$2.62	$2.70	$2.84	$3.09	$3.08	$3.42	$3.64	$4.02	$4.54	$5.26		6.07%	<-IRR #YR->	5	Earnings	34.26%
10 year Running Average	$1.94	$2.02	$2.10	$2.16	$2.15	$2.29	$2.37	$2.51	$2.64	$2.79	$2.85	$3.02	$3.17	$3.43	$3.82	$4.17		4.60%	<-IRR #YR->	10	5 yr Running Average	56.81%
* Diluted ESP per share									E/P	10 Yrs	8.20%	5Yrs	8.83%					6.18%	<-IRR #YR->	5	5 yr Running Average	34.96%
			-$2.77	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$4.26
								-$3.17	$0.00	$0.00	$0.00	$0.00	$4.26
			-$2.32	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$3.64
								-$2.70	$0.00	$0.00	$0.00	$0.00	$3.64
Dividend*														$2.69	$2.93	$3.12					Dividend*
Increase														10.25%	8.81%	6.73%					Increase
Payout Ratio EPS														51.05%	48.36%	48.02%			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	$1.304	$1.384	$1.468	$1.556	$1.652	$1.7520	$1.8040	$1.9600	$2.0800	$2.2200	$2.4400	$2.6800	$2.6800	$2.6800		87.12%	<-Total Growth	10	Dividends
Increase	0.00%	0.00%	6.02%	6.13%	6.07%	5.99%	6.17%	6.05%	2.97%	8.65%	6.12%	6.73%	9.91%	9.84%	0.00%	0.00%		27	0	37	Years of data, Count P, N
Average Increases 5 Year Running	0.50%	0.00%	1.20%	2.43%	3.64%	4.84%	6.08%	6.08%	5.45%	5.97%	5.99%	6.10%	6.88%	8.25%	6.52%	5.30%		5.98%	<-Median->	10	Average Incr 5 Year Running
Dividends 5 Yr Running	$1.23	$1.23	$1.24	$1.28	$1.32	$1.39	$1.47	$1.56	$1.65	$1.74	$1.85	$1.96	$2.10	$2.28	$2.42	$2.54		68.77%	<-Total Growth	10	Dividends 5 Yr Running
Yield H/L Price	4.28%	3.92%	3.79%	4.06%	4.13%	4.97%	5.35%	6.43%	5.24%	5.60%	5.51%	4.95%	5.07%	3.50%				5.16%	<-Median->	10	Yield H/L Price	Item
Yield on High  Price	3.69%	3.63%	3.48%	3.74%	3.89%	4.38%	4.83%	4.96%	4.56%	4.74%	4.73%	4.37%	4.80%	2.88%				4.64%	<-Median->	10	Yield on High  Price	EPS
Yield on Low Price	5.08%	4.25%	4.16%	4.45%	4.41%	5.74%	5.99%	9.14%	6.18%	6.84%	6.60%	5.72%	5.37%	4.45%				5.86%	<-Median->	10	Yield on Low Price	AEPS
Yield on Close Price	3.76%	3.66%	3.78%	3.94%	4.18%	5.52%	4.97%	5.77%	4.75%	6.26%	4.74%	4.66%	3.60%	2.88%	2.88%	2.85%		4.75%	<-Median->	10	Yield on Close Price	CFPS
Payout Ratio EPS	53.55%	48.31%	47.11%	51.97%	67.65%	51.97%	66.27%	55.22%	53.69%	56.81%	70.99%	52.73%	57.28%	50.86%	44.28%	41.19%		56.01%	<-Median->	10	DPR EPS	FCF
DPR EPS 5 Yr Running	62.99%	58.07%	53.60%	52.43%	53.17%	52.83%	56.27%	57.90%	58.01%	56.39%	60.03%	57.33%	57.68%	56.56%	53.25%	48.29%		56.86%	<-Median->	10	DPR EPS 5 Yr Running
Payout Ratio CFPS	24.46%	22.52%	25.28%	21.83%	21.48%	23.67%	25.07%	16.92%	16.18%	25.92%	37.28%	43.55%	81.66%	56.83%	#VALUE!	#DIV/0!		24.37%	<-Median->	10	DPR CF
DPR CF 5 Yr Running	24.22%	23.06%	24.20%	23.66%	22.95%	22.86%	23.38%	21.29%	19.84%	20.66%	22.43%	24.70%	32.45%	43.87%	#VALUE!	#DIV/0!		22.91%	<-Median->	10	DPR CF 5 Yr Running
Payout Ratio CFPS WC	44.20%	36.17%	23.63%	-247.76%	114.83%	21.74%	-37.68%	-61.88%	28.22%	6.60%	-54.25%	65.80%	280.64%	56.83%	#VALUE!	#DIV/0!		14.17%	<-Median->	10	DPR CF WC
DPR CF WC 5 Yr Running	72.29%	45.30%	36.07%	46.04%	53.27%	41.34%	81.75%	1184.67%	108.15%	24.21%	36.94%	29.93%	28.78%	32.68%	#VALUE!	#DIV/0!		43.69%	<-Median->	10	DPR CF WC 5 Yr Running
Median Values	10 Yr Med	10 Yr Cl	5.16%	4.75%	5 Yr Med	5 Yr Cl	5.24%	4.74%	5 Yr Med	Payout	56.81%	37.28%	28.22%					6.85%	<-IRR #YR->	5	Dividends	39.27%
* Dividends per share	10 Yr Med	and Cur.	-44.21%	-39.40%	5 Yr Med	and Cur.	-45.14%	-39.33%	Last Div Inc --->		$0.610	$0.670	9.84%					6.47%	<-IRR #YR->	10	Dividends	87.12%
Dividends Growth 15																		4.67%	<-IRR #YR->	15	Dividends	98.37%
Dividends Growth 20																		5.67%	<-IRR #YR->	20	Dividends	201.23%
Dividends Growth 25																		8.40%	<-IRR #YR->	25	Dividends	650.77%
Dividends Growth 30																		10.56%	<-IRR #YR->	30	Dividends	1933.33%
Dividends Growth 35																		11.04%	<-IRR #YR->	35	Dividends
Dividends Growth 40																		10.41%	<-IRR #YR->	37	Dividends
Dividends Growth 5								-$1.75	$0.00	$0.00	$0.00	$0.00	$2.44								Dividends Growth 5
Dividends Growth 10			-$1.30	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$2.44								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	$2.44								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	$2.44								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	$2.44								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	$2.44								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	$2.44								Dividends Growth 35
Dividends Growth 40	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$2.44								Dividends Growth 40
Historical Dividends	Historical	High Div	6.87%	Low Div	1.88%	10 Yr High	8.91%	10 Yr Low	3.75%	Med Div	3.86%	Close Div	3.64%								Historical Dividends
High/Ave/Median Values	Curr diff	Exp.	-58.12%		53.04%	Exp.	-67.71%		-23.28%	Exp.	-25.46%	Exp.	-20.87%								High/Ave/Median
Future Dividend Yield					Div Yield	4.01%	earning in	5	Years	at IRR of	6.85%	Div Inc.	39.27%								Future Dividend Yield	Div Pd
Future Dividend Yield					Div Yield	5.58%	earning in	10	Years	at IRR of	6.85%	Div Inc.	93.96%								Future Dividend Yield	$3.73
Future Dividend Yield					Div Yield	7.77%	earning in	15	Years	at IRR of	6.85%	Div Inc.	170.13%								Future Dividend Yield	$5.20
																						$7.24
Future Dividend Paid					Div Paid	$3.73	earning in	5	Years	at IRR of	6.85%	Div Inc.	39.27%								Future Dividend Paid
Future Dividend Paid					Div Paid	$5.20	earning in	10	Years	at IRR of	6.85%	Div Inc.	93.96%								Future Dividend Paid
Future Dividend Paid					Div Paid	$7.24	earning in	15	Years	at IRR of	6.85%	Div Inc.	170.13%								Future Dividend Paid
Dividend Covering Cost					Total Div	$15.37	over	5	Years	at IRR of	6.85%	Div Cov.	86.92%								Dividend Covering Cost
Dividend Covering Cost					Total Div	$33.03	over	10	Years	at IRR of	6.85%	Div Cov.	186.85%								Dividend Covering Cost
Dividend Covering Cost					Total Div	$57.64	over	15	Years	at IRR of	6.85%	Div Cov.	326.03%								Dividend Covering Cost
Yield if held 5 years - High	3.49%	4.57%	4.47%	4.98%	5.87%	4.67%	4.88%	4.67%	4.87%	5.19%	5.86%	6.49%	6.91%	6.77%	6.48%	6.10%		5.09%	<-Median->	10	Paid High Price	Year
Yield if held 10 years - High	5.87%	4.61%	4.27%	4.02%	3.93%	4.41%	6.14%	6.01%	6.50%	7.84%	6.24%	6.55%	6.50%	7.24%	7.10%	7.55%		6.19%	<-Median->	10	Paid High Price	2017
Yield if held 15 years - High	9.07%	8.20%	7.05%	7.10%	8.80%	7.43%	6.19%	5.73%	5.25%	5.25%	5.89%	8.25%	8.36%	9.65%	10.72%	8.04%		6.65%	<-Median->	10	Paid High Price	2012
Yield if held 20 years - High	42.71%	38.56%	36.27%	24.20%	15.06%	11.47%	11.01%	9.47%	9.25%	11.75%	9.93%	8.32%	7.99%	7.79%	7.17%	7.59%		10.47%	<-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%	14.80%	13.19%	13.74%	16.07%	12.79%		40.14%	<-Median->	10	Paid High Price	2002
Yield if held 30 years - High						92.21%	77.74%	81.25%	87.47%	103.64%	72.22%	69.59%	67.87%	46.85%	27.49%	19.76%		79.50%	<-Median->	8	Paid High Price	1997
Yield if held 35 years - High											123.26%	104.47%	113.16%	129.94%	141.71%	93.06%		113.16%	<-Median->	3	Paid High Price	1992
Yield if held 5 years - Low	6.31%	8.01%	5.50%	7.19%	7.41%	6.43%	5.71%	5.60%	5.80%	5.88%	7.68%	8.05%	12.73%	9.18%	9.35%	8.50%		6.81%	<-Median->	10	Paid Low Price
Yield if held 10 years - Low	7.00%	5.53%	4.87%	5.08%	4.52%	7.98%	10.76%	7.38%	9.37%	9.89%	8.60%	7.67%	7.79%	8.61%	8.04%	9.89%		7.89%	<-Median->	10	Paid Low Price
Yield if held 15 years - Low	14.69%	13.52%	15.56%	8.94%	9.03%	8.85%	7.42%	6.54%	6.62%	6.03%	10.67%	14.46%	10.28%	13.92%	13.52%	11.07%		8.90%	<-Median->	10	Paid Low Price
Yield if held 20 years - Low	67.96%	51.14%	48.21%	38.50%	29.42%	18.58%	18.15%	20.91%	11.65%	12.05%	11.83%	9.98%	9.10%	9.83%	8.25%	13.75%		15.10%	<-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%	24.40%	29.12%	17.31%	16.48%	15.24%		57.47%	<-Median->	10	Paid Low Price
Yield if held 30 years - Low						108.24%	110.13%	200.23%	121.69%	120.62%	114.92%	92.31%	90.20%	74.55%	53.71%	32.00%		112.53%	<-Median->	8	Paid Low Price
Yield if held 35 years - Low											144.70%	148.00%	278.86%	180.78%	164.92%	148.07%		148.00%	<-Median->	3	Paid High Price
Yield if held 5 years	4.49%	5.82%	4.93%	5.89%	6.55%	5.41%	5.26%	5.09%	5.29%	5.52%	6.64%	7.19%	8.96%	7.79%	7.66%	7.10%		5.70%	<-Median->	10	Paid Median Price
Yield if held 10 years	6.38%	5.03%	4.55%	4.49%	4.20%	5.68%	7.82%	6.62%	7.67%	8.75%	7.23%	7.07%	7.09%	7.87%	7.54%	8.56%		7.08%	<-Median->	10	Paid Median Price
Yield if held 15 years	11.21%	10.21%	9.70%	7.91%	8.91%	8.08%	6.75%	6.11%	5.85%	5.61%	7.59%	10.51%	9.22%	11.40%	11.96%	9.32%		7.75%	<-Median->	10	Paid Median Price
Yield if held 20 years	52.45%	43.97%	41.40%	29.72%	19.92%	14.18%	13.71%	13.04%	10.31%	11.90%	10.80%	9.08%	8.51%	8.70%	7.67%	9.78%		12.47%	<-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%	18.42%	18.15%	15.32%	16.27%	13.91%		47.18%	<-Median->	10	Paid Median Price
Yield if held 30 years						99.58%	91.14%	115.60%	101.78%	111.48%	88.70%	79.36%	77.46%	57.54%	36.36%	24.43%		95.36%	<-Median->	7	Paid Median Price
Yield if held 35 years											133.12%	122.48%	160.99%	151.20%	152.44%	114.29%		133.12%	<-Median->	3	Paid High Price
Cost covered if held 5 years - High	17.43%	22.86%	21.34%	22.97%	26.46%	20.82%	21.74%	20.82%	22.23%	23.12%	26.04%	28.70%	29.76%	28.74%	29.26%	28.90%		23.04%	<-Median->	10	Paid High Price	Year
Cost covered if held 10 years - High	51.71%	42.66%	38.86%	35.85%	34.09%	37.10%	50.24%	48.12%	52.61%	61.36%	48.56%	50.72%	48.82%	52.96%	55.18%	61.81%		48.69%	<-Median->	10	Paid High Price	2017
Cost coveedr if held 15 years - High	94.71%	92.08%	79.95%	80.95%	100.61%	84.84%	70.27%	64.43%	59.78%	57.44%	63.30%	86.73%	84.13%	93.59%	109.76%	86.65%		75.61%	<-Median->	10	Paid High Price	2012
Cost covered if held 20 years - High	8.72%	6.94%	5.41%	4.17%	3.35%	145.89%	2.35%	122.18%	123.17%	152.91%	128.99%	107.08%	98.81%	92.88%	89.83%	99.29%		114.63%	<-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%	206.62%	178.96%	181.53%	225.45%	189.61%		552.31%	<-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%	1000.94%	952.71%	643.05%	402.85%	307.69%		1088.65%	<-Median->	8	Paid Low Price	1997
Cost covered if held 35 years - High											1785.04%	1519.06%	1607.30%	1807.27%	2109.32%	1476.04%		1607.30%	<-Median->	3	Paid Low Price	1992
Cost covered if held 5 years - Low	31.55%	40.07%	26.23%	33.13%	33.38%	28.69%	25.44%	24.95%	26.46%	26.18%	34.13%	35.58%	54.82%	38.97%	42.22%	40.29%		30.91%	<-Median->	10	Paid Low Price
Cost covered if held 10 years - Low	61.62%	51.13%	44.30%	45.24%	39.19%	67.17%	88.04%	59.15%	75.90%	77.40%	66.90%	59.34%	58.50%	63.04%	62.50%	80.99%		63.12%	<-Median->	10	Paid Low Price
Cost coveedr if held 15 years - Low	153.40%	151.79%	176.51%	101.97%	103.20%	101.11%	84.23%	73.45%	75.45%	66.03%	114.62%	151.99%	103.41%	135.01%	138.45%	119.38%		101.54%	<-Median->	10	Paid Low Price
Cost covered if held 20 years - Low	752.49%	613.31%	589.06%	477.62%	369.81%	236.29%	232.71%	269.73%	155.15%	156.86%	153.71%	128.35%	112.64%	117.21%	103.26%	179.78%		194.78%	<-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%	340.58%	395.08%	228.67%	231.27%	225.95%		792.23%	<-Median->	10	Paid Low Price
Cost covered if held 30 years - Low						1452.14%	1497.60%	2760.40%	1746.71%	1710.31%	1646.96%	1327.65%	1266.17%	1023.16%	787.12%	498.36%		1572.28%	<-Median->	8	Paid Low Price
Cost covered if held 35 years - Low											2095.48%	2152.00%	3960.86%	2514.33%	2454.92%	2348.62%		2152.00%	<-Median->	3	Paid Low Price
Cost covered if held 5 years	22.45%	29.11%	23.53%	27.13%	29.52%	24.13%	23.44%	22.70%	24.16%	24.55%	29.54%	31.77%	38.58%	33.08%	34.57%	33.66%		25.84%	<-Median->	10	Paid Median Price
Cost covered if held 10 years	56.23%	46.51%	41.40%	40.00%	36.46%	47.80%	63.97%	53.07%	62.14%	68.45%	56.27%	54.70%	53.22%	57.56%	58.61%	70.11%		53.96%	<-Median->	10	Paid Median Price
Cost coveedr if held 15 years	117.11%	114.63%	110.06%	90.25%	101.89%	92.26%	76.62%	68.64%	66.71%	61.44%	81.56%	110.44%	92.78%	110.55%	122.45%	100.42%		85.91%	<-Median->	10	Paid Median Price
Cost covered if held 20 years	580.81%	527.26%	505.84%	368.66%	250.39%	180.40%	175.74%	168.18%	137.32%	154.86%	140.27%	116.75%	105.27%	103.63%	96.08%	127.93%		161.52%	<-Median->	10	Paid Median Price
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%	257.20%	246.34%	202.39%	228.32%	206.19%		649.63%	<-Median->	10	Paid Median Price
Cost covered if held 30 years						1335.97%	1239.39%	1593.63%	1460.93%	1580.80%	1271.22%	1141.38%	1087.30%	789.75%	532.94%	380.47%		1303.59%	<-Median->	8	Paid Median Price
Cost covered if held 35 years											1927.84%	1780.97%	2286.68%	2102.96%	2269.04%	1812.79%		1927.84%	<-Median->	3	Paid Median Price
																				Yr	Item	Tot. Growth
Revenue Growth								$60,583	$64,417	$44,662	$41,629	$39,797	$43,976	$43,511	<-12 mths	-1.06%		-27.41%	<-Total Growth	5	Revenue Growth	-27.41%
AEPS Growth								$2.88	$3.50	$3.45	$3.93	$4.48	$5.01	$5.45	<-12 mths	8.78%		74.08%	<-Total Growth	5	AEPS Growth	74.08%
Net Income Growth								$2,943	$3,128	$3,219	$2,738	$3,940	$3,960	$4,437	<-12 mths	12.05%		34.56%	<-Total Growth	5	Net Income Growth	34.56%
Cash Flow Growth								$9,610	$10,373	$7,047	$5,203	$4,751	$2,708	$4,218	<-12 mths	55.76%		-71.82%	<-Total Growth	5	Cash Flow Growth	-71.82%
Dividend Growth								$1.75	$1.80	$1.96	$2.08	$2.22	$2.44	$2.68	<-12 mths	9.84%		39.27%	<-Total Growth	5	Dividend Growth	39.27%
Stock Price Growth								$30.35	$37.96	$31.30	$43.86	$47.67	$67.69	$93.15	<-12 mths	37.61%		123.03%	<-Total Growth	5	Stock Price Growth	123.03%
Revenue Growth			$33,820	$46,381	$47,008	$44,032	$44,698	$60,583	$64,417	$44,662	$41,629	$39,797	$43,976	$41,066	<-this year	-6.62%		30.03%	<-Total Growth	10	Revenue Growth	30.03%
AEPS Growth			$2.77	$2.71	$2.67	$3.05	$2.86	$2.88	$3.50	$3.45	$3.93	$4.48	$5.01	$5.72	<-this year	14.17%		81.00%	<-Total Growth	10	AEPS Growth	81.00%
Net Income Growth			$2,762	$2,326	$1,990	$2,847	$2,359	$2,943	$3,128	$3,219	$2,738	$3,940	$3,960	$4,695	<-this year	18.56%		43.37%	<-Total Growth	10	Net Income Growth	43.37%
Cash Flow Growth			$5,123	$6,254	$6,757	$6,494	$6,110	$9,610	$10,373	$7,047	$5,203	$4,751	$2,708	$4,218	<-this year	55.76%		-47.14%	<-Total Growth	10	Cash Flow Growth	-47.14%
Dividend Growth			$1.30	$1.38	$1.47	$1.56	$1.65	$1.75	$1.80	$1.96	$2.08	$2.22	$2.44	$2.69	<-this year	10.25%		87.12%	<-Total Growth	10	Dividend Growth	87.12%
Stock Price Growth			$34.53	$35.17	$35.10	$28.18	$33.26	$30.35	$37.96	$31.30	$43.86	$47.67	$67.69	$94.00	<-this year	38.87%		96.03%	<-Total Growth	10	Stock Price Growth	96.03%
Dividends on Shares	$343.17	$343.17	$363.82	$386.14	$409.57	$434.12	$460.91	$488.81	$503.32	$546.84	$580.32	$619.38	$680.76	$747.72	$747.72	$747.72		$9,555.75	No of Years	30	Total Divs	12/31/95
Paid	$9,137.25	$9,371.61	$9,633.87	$9,812.43	$9,792.90	$7,862.22	$9,279.54	$8,467.65	$10,590.84	$8,732.70	$12,236.94	$13,299.93	$18,885.51	$25,988.85	$25,988.85	$26,226.00		$18,885.51	No of Years	30	Worth	$3.60
Total																		$28,441.26			Total Return
Dividends on Shares	$46.74	$46.74	$49.55	$52.59	$55.78	$59.13	$62.78	$66.58	$68.55	$74.48	$79.04	$84.36	$92.72	$101.84	$101.84	$101.84		$932.52	No of Years	15	Total Divs	12/31/10
Paid	$1,244.50	$1,276.42	$1,312.14	$1,336.46	$1,333.80	$1,070.84	$1,263.88	$1,153.30	$1,442.48	$1,189.40	$1,666.68	$1,811.46	$2,572.22	$3,539.70	$3,539.70	$3,572.00		$2,572.22	No of Years	15	Worth	$26.40
Total																		$3,504.74			Total Return
Dividends on Shares				$40.14	$42.57	$45.12	$47.91	$50.81	$52.32	$56.84	$60.32	$64.38	$70.76	$77.72	$77.72	$77.72		$531.16	No of Years	10	Total Divs	12/31/15
Paid			$1,001.37	$1,019.93	$1,017.90	$817.22	$964.54	$880.15	$1,100.84	$907.70	$1,271.94	$1,382.43	$1,963.01	$2,701.35	$2,701.35	$2,726.00		$1,963.01	No of Years	10	Worth	$34.53
Total																		$2,494.17			Total Return
Graham No. AEPS	$28.15	$31.02	$35.36	$34.69	$34.77	$38.93	$37.20	$38.57	$42.63	$43.99	$44.44	$50.38	$54.49	$63.85	$67.01	$69.57		54.11%	<-Total Growth	10	Graham Price AEPS
Price/GP Ratio Med	1.02	1.01	0.97	0.98	1.02	0.80	0.83	0.71	0.81	0.80	0.85	0.89	0.88	1.20				0.84	<-Median->	10	Price/GP Ratio
Price/GP Ratio High	1.18	1.09	1.06	1.07	1.09	0.91	0.92	0.92	0.93	0.94	0.99	1.01	0.93	1.46				0.94	<-Median->	10	Price/GP Ratio
Price/GP Ratio Low	0.86	0.93	0.89	0.90	0.96	0.70	0.74	0.50	0.68	0.65	0.71	0.77	0.83	0.94				0.73	<-Median->	10	Price/GP Ratio
Price/GP Ratio Close	1.16	1.08	0.98	1.01	1.01	0.72	0.89	0.79	0.89	0.71	0.99	0.95	1.24	1.46	1.39	1.35		0.92	<-Median->	10	Price/GP Ratio
Prem/Disc Close	16.34%	8.29%	-2.34%	1.38%	0.94%	-27.61%	-10.59%	-21.31%	-10.96%	-28.85%	-1.31%	-5.38%	24.22%	45.88%	39.01%	35.12%		-7.99%	<-Median->	10	Graham Price
Graham No. EPS	$28.15	$31.02	$35.36	$34.41	$31.34	$38.57	$34.75	$40.50	$41.76	$43.98	$38.38	$48.84	$50.25	$61.28	$65.68	$68.10		42.11%	<-Total Growth	10	Graham Price EPS
Price/GP Ratio Med	1.02	1.01	0.97	0.99	1.13	0.81	0.89	0.67	0.82	0.80	0.98	0.92	0.96	1.25				0.90	<-Median->	10	Price/GP Ratio
Price/GP Ratio High	1.18	1.09	1.06	1.08	1.20	0.92	0.98	0.87	0.95	0.94	1.15	1.04	1.01	1.52				1.00	<-Median->	10	Price/GP Ratio
Price/GP Ratio Low	0.86	0.93	0.89	0.90	1.06	0.70	0.79	0.47	0.70	0.65	0.82	0.80	0.90	0.98				0.79	<-Median->	10	Price/GP Ratio
Price/GP Ratio Close	1.16	1.08	0.98	1.02	1.12	0.73	0.96	0.75	0.91	0.71	1.14	0.98	1.35	1.52	1.42	1.38		0.97	<-Median->	10	Price/GP Ratio
Prem/Disc Close	16.34%	8.29%	-2.34%	2.22%	12.01%	-26.93%	-4.29%	-25.06%	-9.10%	-28.83%	14.27%	-2.39%	34.71%	52.00%	41.81%	38.04%		-3.34%	<-Median->	10	Graham Price
pre-split 04
Price Close CDN$	$32.75	$33.59	$34.53	$35.17	$35.10	$28.18	$33.26	$30.35	$37.96	$31.30	$43.86	$47.67	$67.69	$93.15	$93.15	$94.00		96.03%	<-Total Growth	10	Stock Price
Increase	34.50%	2.56%	2.80%	1.85%	-0.20%	-19.72%	18.03%	-8.75%	25.07%	-17.54%	40.13%	8.69%	42.00%	37.61%	0.00%	0.91%		12.33	<-Median->	10	CAPE (10 Yr P/E)
P/E	14.26	13.19	12.47	13.21	16.18	9.41	13.34	9.57	11.30	9.07	14.97	11.32	15.89	17.68	15.39	14.45		17.40%	<-IRR #YR->	5	Stock Price	123.03%
Trailing P/E	17.33	14.62	13.56	12.71	13.18	12.99	11.11	12.17	11.96	9.32	12.71	16.27	16.08	21.87	17.68	15.53		6.96%	<-IRR #YR->	10	Stock Price	96.03%
CAPE (10 Yr P/E)	14.33	14.13	13.76	13.45	13.50	12.98	12.83	12.26	12.34	11.90	12.03	11.83	12.32	13.07	13.26	13.73		22.47%	<-IRR #YR->	5	Price & Dividend	157.64%
Median 10, 5 Yrs		D.  per yr	3.87%	5.07%	% Tot Ret	35.71%	22.57%	T P/E	12.71	12.71	P/E:	12.26	11.32		61.13%	Diff M/C		10.83%	<-IRR #YR->	10	Price & Dividend	149.08%
Price 15		D.  per yr	3.93%		% Tot Ret	37.77%						CAPE Diff	43.38%					6.48%	<-IRR #YR->	15	Stock Price	156.40%
Price  20		D.  per yr	3.27%		% Tot Ret	44.76%												4.03%	<-IRR #YR->	20	Stock Price	120.49%
Price  25		D.  per yr	3.50%		% Tot Ret	39.72%												5.31%	<-IRR #YR->	25	Stock Price	264.32%
Price  30		D.  per yr	6.63%		% Tot Ret	39.22%												10.28%	<-IRR #YR->	30	Stock Price	1782.89%
Price  35		D.  per yr	6.98%		% Tot Ret	37.89%												11.44%	<-IRR #YR->	35	Stock Price
Price  40		D.  per yr	6.00%		% Tot Ret	35.62%												10.84%	<-IRR #YR->	37	Stock Price
Price & Dividend 15																		10.41%	<-IRR #YR->	15	Price & Dividend	249.36%
Price & Dividend 20																		7.30%	<-IRR #YR->	20	Price & Dividend	218.82%
Price & Dividend 25																		8.80%	<-IRR #YR->	25	Price & Dividend	442.51%
Price & Dividend 30																		16.91%	<-IRR #YR->	30	Price & Dividend	2888.46%
Price & Dividend 35																		18.41%	<-IRR #YR->	35	Price & Dividend
Price & Dividend 40																		16.84%	<-IRR #YR->	37	Price & Dividend
Price  5								-$30.35	$0.00	$0.00	$0.00	$0.00	$67.69								Price  5
Price 10			-$34.53	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$67.69								Price 10
Price & Dividend 5								-$30.35	$1.80	$1.96	$2.08	$2.22	$70.13								Price & Dividend 5
Price & Dividend 10			-$34.53	$1.38	$1.47	$1.56	$1.65	$1.75	$1.80	$1.96	$2.08	$2.22	$70.13								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	$67.69								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	$67.69								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	$67.69								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	$67.69								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	$67.69								Price  35
Price  40	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$67.69								Price  40
Price & Dividend 15	$1.23	$1.23	$1.30	$1.38	$1.47	$1.56	$1.65	$1.75	$1.80	$1.96	$2.08	$2.22	$70.13								Price & Dividend 15
Price & Dividend 20	$1.23	$1.23	$1.30	$1.38	$1.47	$1.56	$1.65	$1.75	$1.80	$1.96	$2.08	$2.22	$70.13								Price & Dividend 20
Price & Dividend 25	$1.23	$1.23	$1.30	$1.38	$1.47	$1.56	$1.65	$1.75	$1.80	$1.96	$2.08	$2.22	$70.13								Price & Dividend 25
Price & Dividend 30	$1.23	$1.23	$1.30	$1.38	$1.47	$1.56	$1.65	$1.75	$1.80	$1.96	$2.08	$2.22	$70.13								Price & Dividend 30
Price & Dividend 35	$1.23	$1.23	$1.30	$1.38	$1.47	$1.56	$1.65	$1.75	$1.80	$1.96	$2.08	$2.22	$70.13								Price & Dividend 35
Price & Dividend 40	$1.23	$1.23	$1.30	$1.38	$1.47	$1.56	$1.65	$1.75	$1.80	$1.96	$2.08	$2.22	$70.13								Price & Dividend 40
Price H/L Median	$28.77	$31.41	$34.42	$34.07	$35.53	$31.31	$30.90	$27.23	$34.40	$35.01	$37.74	$44.82	$48.13	$76.65	0.91%			39.85%	<-Total Growth	10	Stock Price
Increase	28.38%	9.18%	9.57%	-1.00%	4.29%	-11.89%	-1.31%	-11.86%	26.33%	1.76%	7.80%	18.76%	7.40%	59.25%	2.88%			3.41%	<-IRR #YR->	10	Stock Price	39.85%
P/E	12.53	12.34	12.43	12.79	16.37	10.46	12.39	8.58	10.24	10.15	12.88	10.64	11.30	14.55	3.79%			12.07%	<-IRR #YR->	5	Stock Price	76.75%
Trailing P/E	15.22	13.67	13.52	12.31	13.34	14.43	10.32	10.92	10.84	10.42	10.94	15.30	11.43	17.99				7.89%	<-IRR #YR->	10	Price & Dividend
P/E on Run. 5 yr Ave	14.73	14.83	14.82	14.00	14.28	11.91	11.80	10.09	12.12	11.31	12.25	13.09	13.22	19.05				18.21%	<-IRR #YR->	5	Price & Dividend
P/E on Run. 10 yr Ave	14.82	15.57	16.38	15.79	16.55	13.67	13.05	10.85	13.05	12.54	13.22	14.83	15.18	22.34				12.36	P/E Ratio		Historical Median
Median 10, 5 Yrs		D.  per yr	4.48%	6.15%	% Tot Ret	56.76%	33.75%	T P/E	11.18	10.94	P/E:	10.97	10.64						Count	37	Years of data
			-$34.42	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$48.13
								-$27.23	$0.00	$0.00	$0.00	$0.00	$48.13
			-$34.42	$1.38	$1.47	$1.56	$1.65	$1.75	$1.80	$1.96	$2.08	$2.22	$50.57
								-$27.23	$1.80	$1.96	$2.08	$2.22	$50.57
High Months	Nov	Nov	Jun	Apr	Mar	Jan	Apr	Feb	Aug	Feb	Dec	Nov	Nov	Jul
pre-split 96
pre-split 98
pre-split 04
Price High	$33.34	$33.87	$37.52	$37.03	$37.74	$35.51	$34.20	$35.30	$39.60	$41.35	$43.95	$50.79	$50.79	$93.06				35.37%	<-Total Growth	10	Stock Price
Increase	33.36%	1.59%	10.78%	-1.31%	1.92%	-5.91%	-3.69%	3.22%	12.18%	4.42%	6.29%	15.56%	0.00%	83.23%				3.07%	<-IRR #YR->	10	Stock Price	35.37%
P/E	14.51	13.30	13.55	13.91	17.39	11.86	13.72	11.13	11.79	11.99	15.00	12.06	11.92	17.66				7.55%	<-IRR #YR->	5	Stock Price	43.88%
Trailing P/E	17.64	14.75	14.74	13.38	14.17	16.36	11.42	14.16	12.48	12.31	12.74	17.33	12.06	21.85				13.64	P/E Ratio		Historical Median
Median 10, 5 Yrs								T P/E	13.06	12.48	P/E:	12.02	11.99					16.84	P/E Ratio		Historical High
			-$37.52	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$50.79
								-$35.30	$0.00	$0.00	$0.00	$0.00	$50.79
Low Months	Jan	May	Jan	Aug	May	Dec	Aug	Mar	Jan	Oct	Jan	Jun	Jan	Feb
pre-split 96
pre-split 98
pre-split 04
Price Low	$24.20	$28.95	$31.31	$31.11	$33.32	$27.10	$27.59	$19.16	$29.20	$28.66	$31.52	$38.84	$45.47	$60.23				45.23%	<-Total Growth	10	Stock Price
Increase	22.10%	19.63%	8.15%	-0.64%	7.10%	-18.67%	1.81%	-30.55%	52.40%	-1.85%	9.98%	23.22%	17.07%	32.46%				3.80%	<-IRR #YR->	10	Stock Price	45.23%
P/E	10.54	11.37	11.31	11.68	15.35	9.05	11.07	6.04	8.69	8.31	10.76	9.23	10.67	11.43				18.87%	<-IRR #YR->	5	Stock Price	137.32%
Trailing P/E	12.80	12.60	12.30	11.24	12.51	12.49	9.22	7.69	9.20	8.53	9.14	13.26	10.80	14.14				10.60	P/E Ratio		Historical Median
Median 10, 5 Yrs								T P/E	10.01	9.20	P/E:	9.95	9.23					8.29	P/E Ratio		Historical Low
			-$31.31	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$45.47
								-$19.16	$0.00	$0.00	$0.00	$0.00	$45.47
Free Cash Flow MS		$5,000	$5,120	-$770	$950	$6,640	-$4,300	-$2,990	$5,600	$27,080	$7,240	$5,590	-$1,950					-138.09%	<-Total Growth	10	Free Cash Flow MS
Change				-115.04%	223.38%	598.95%	-164.76%	30.47%	287.29%	383.57%	-73.26%	-22.79%	-134.88%					3.84%	<-Median->	10	Change
Free Cash Flow Mkt Sc								-$16,783	$1,560	-$10,099	-$596	-$5,238	-$5,040	$3,052	$3,633						Free Cash Flow Mkt Sc	only estimates showing
Change									109.30%	-747.37%	94.09%	-778.27%	3.78%	160.56%	19.04%						Change
Free Cash Flow WSJ			$5,123	$6,254	$6,757	$6,490	$6,110	$9,610	$10,373	$3,772	$5,203	$4,751	$2,708						<-Total Growth	10	Free Cash Flow WSJ
Change				22.08%	8.04%	-3.95%	-5.86%	57.28%	7.94%	-63.64%	37.94%	-8.69%	-43.00%					1.99%	<-Median->	10	Change
														$4,218	<-12 mths	55.76%
Free Cash Flow MS to WSJ	$5,000	$5,000	$5,123	$6,254	$6,757	$6,490	$6,110	$9,610	$10,370	$3,772	$5,203	$4,751	$2,708					-47.14%	<-Total Growth	10	Free Cash Flow
Change	0.00%	0.00%	2.46%	22.08%	8.04%	-3.95%	-5.86%	57.28%	7.91%	-63.63%	37.94%	-8.69%	-43.00%					-22.38%	<-IRR #YR->	5	Free Cash Flow MS	-71.82%
FCF/CF from Op Ratio	0.99	0.92	1.00	1.00	1.00	1.00	1.00	1.00	1.00	0.54	1.00	1.00	1.00					-6.18%	<-IRR #YR->	10	Free Cash Flow MS	-47.14%
Dividends paid	$1,200	$1,228	$1,298	$1,369	$1,453	$1,538	$1,559	$1,626	$1,677	$1,826	$1,937	$2,069	$2,253					73.57%	<-Total Growth	10	Dividends paid
Percentage paid			25.34%	21.89%	21.50%	23.70%	25.52%	16.92%	16.17%	48.41%	37.23%	43.55%	83.20%					24.61%	<-Median->	10	Percentage paid
5 Year Coverage							23.48%	21.42%	19.96%	22.63%	24.60%	27.10%	36.42%								5 Year Coverage
Dividend Coverage Ratio			3.95	4.57	4.65	4.22	3.92	5.91	6.18	2.07	2.69	2.30	1.20					4.07	<-Median->	10	Dividend Coverage Ratio
5 Year of Coverage							4.26	4.67	5.01	4.42	4.07	3.69	2.75								5 Year of Coverage
								-$9,610	$0	$0	$0	$0	$2,708
			-$5,123	$0	$0	$0	$0	$0	$0	$0	$0	$0	$2,708
Market Cap	$32,730	$33,479	$34,300	$34,692	$34,704	$27,834	$30,841	$28,160	$35,326	$29,167	$40,896	$44,434	$61,350	$83,319	$83,319	$84,080		78.86%	<-Total Growth	10	Market Cap
pre-split 04
Diluted # of Shares in Million	991.49	999.89	997.85	991.67	990.70	989.10	946.53	927.79	930.96	932.28	933.53	935.12	928.77	905.79				-6.92%	<-Total Growth	10	Diluted
Change	3.22%	0.85%	-0.20%	-0.62%	-0.10%	-0.16%	-4.30%	-1.98%	0.34%	0.14%	0.13%	0.17%	-0.68%	-2.47%				-0.13%	<-Median->	10	Change
Difference Diluted/Basic	-1.8%	-0.1%	-0.2%	-0.2%	-0.2%	-0.1%	-0.1%	0.0%	-0.2%	-0.1%	-0.2%	-0.3%	-0.5%	-0.7%				-0.16%	<-Median->	10	Difference Diluted/Basic
pre-split 04
Basic # of Shares in Millions	973.58	998.61	995.61	989.99	989.19	988.59	946.00	927.68	929.46	931.68	931.65	932.08	924.04	899.42				-7.19%	<-Total Growth	10	Basic
Change	2.49%	2.57%	-0.30%	-0.56%	-0.08%	-0.06%	-4.31%	-1.94%	0.19%	0.24%	0.00%	0.05%	-0.86%	-2.66%				-0.07%	<-Median->	10	Change
Difference Basic/Outstanding	2.7%	-0.2%	-0.2%	-0.4%	0.0%	-0.1%	-2.0%	0.0%	0.1%	0.0%	0.1%	0.0%	-1.9%	-0.6%				-0.02%	<-Median->	10	Difference Basic/Outstanding
Buy Back												2.70	28.44	13.40							Buy Back
% of Shares												0.29%	3.05%	1.48%							% of Shares
														$4,218	<-12 mths	55.76%
pre-split 98
pre-split 04
# of Share in Millions	999.40	996.70	993.35	986.40	988.72	987.74	927.28	927.85	930.62	931.85	932.43	932.11	906.33	894.46	894.46	894.46		-0.91%	<-IRR #YR->	10	Shares	-8.76%
Change	5.13%	-0.27%	-0.34%	-0.70%	0.24%	-0.10%	-6.12%	0.06%	0.30%	0.13%	0.06%	-0.03%	-2.77%	-1.31%	0.00%	0.00%		-0.47%	<-IRR #YR->	5	Shares	-2.32%
Cash Flow from Operations $M	$5,026	$5,443	$5,123	$6,254	$6,757	$6,494	$6,110	$9,610	$10,373	$7,047	$5,203	$4,751	$2,708	$4,218	<-12 mths			-47.14%	<-Total Growth	10	Cash Flow
Increase	6.44%	8.30%	-5.88%	22.08%	8.04%	-3.89%	-5.91%	57.28%	7.94%	-32.06%	-26.17%	-8.69%	-43.00%	55.76%	<-12 mths			SO, S. Issued	Buy Backs
5 year Running Average	$4,869	$5,166	$5,032	$5,314	$5,721	$6,014	$6,148	$7,045	$7,869	$7,927	$7,669	$7,397	$6,016	$4,785	<-12 mths			19.57%	<-Total Growth	10	CF 5 Yr Running
CFPS	$5.03	$5.46	$5.16	$6.34	$6.83	$6.57	$6.59	$10.36	$11.15	$7.56	$5.58	$5.10	$2.99	$4.72	<-12 mths			-42.07%	<-Total Growth	10	Cash Flow per Share
Increase	1.24%	8.59%	-5.56%	22.94%	7.79%	-3.80%	0.22%	57.19%	7.62%	-32.15%	-26.21%	-8.66%	-41.38%	57.83%	<-12 mths			-6.18%	<-IRR #YR->	10	Cash Flow	-47.14%
5 year Running Average	$5.08	$5.33	$5.14	$5.39	$5.76	$6.07	$6.30	$7.34	$8.30	$8.45	$8.25	$7.95	$6.47	$5.19	<-12 mths			-22.38%	<-IRR #YR->	5	Cash Flow	-71.82%
P/CF on Med Price	5.72	5.75	6.67	5.37	5.20	4.76	4.69	2.63	3.09	4.63	6.76	8.79	16.11	16.25	<-12 mths			-5.31%	<-IRR #YR->	10	Cash Flow per Share	-42.07%
P/CF on Closing Price	6.51	6.15	6.70	5.55	5.14	4.29	5.05	2.93	3.41	4.14	7.86	9.35	22.65	19.75	<-12 mths			-22.01%	<-IRR #YR->	5	Cash Flow per Share	-71.15%
															296.63%	Diff M/C		2.33%	<-IRR #YR->	10	CFPS 5 yr Running	25.89%
Excl.Working Capital CF	-$2,245	-$2,054	$358	-$6,805	-$5,493	$574	-$10,176	-$12,237	-$4,423	$20,624	-$8,778	-$1,606	-$1,920	$0	<-12 mths			-2.47%	<-IRR #YR->	5	CFPS 5 yr Running	-11.78%
Cash Flow from Operations $M WC	$2,781	$3,389	$5,481	-$551	$1,264	$7,068	-$4,066	-$2,627	$5,950	$27,671	-$3,575	$3,145	$788	$4,218	<-12 mths			-85.62%	<-Total Growth	10	Cash Flow less WC
Increase	7.96%	21.86%	61.73%	-110.05%	-329.40%	459.18%	-157.53%	-35.39%	-326.49%	365.06%	-112.92%	-187.97%	-74.94%	435.28%	<-12 mths			-17.63%	<-IRR #YR->	10	Cash Flow less WC	-85.62%
5 year Running Average	$1,645	$2,639	$3,386	$2,735	$2,473	$3,330	$1,839	$218	$1,518	$6,799	$4,671	$6,113	$6,796	$6,449	<-12 mths			#NUM!	<-IRR #YR->	5	Cash Flow less WC	130.00%
CFPS Excl. WC	$2.78	$3.40	$5.52	-$0.56	$1.28	$7.16	-$4.38	-$2.83	$6.39	$29.69	-$3.83	$3.37	$0.87	$4.72	<-12 mths			7.21%	<-IRR #YR->	10	CF less WC 5 Yr Run	100.69%
Increase	2.69%	22.19%	62.27%	-110.12%	-328.86%	459.73%	-161.28%	-35.43%	-325.82%	364.44%	-112.91%	-188.00%	-74.23%	442.38%	<-12 mths			99.03%	<-IRR #YR->	5	CF less WC 5 Yr Run	3023.07%
5 year Running Average	$1.70	$2.72	$3.45	$2.77	$2.48	$3.36	$1.80	$0.13	$1.52	$7.21	$5.01	$6.56	$7.30	$6.96	<-12 mths			-16.87%	<-IRR #YR->	10	CFPS - Less WC	-84.24%
P/CF on Med Price	10.34	9.24	6.24	-60.99	27.79	4.37	-7.05	-9.62	5.38	1.18	-9.84	13.28	55.36	16.25	<-12 mths			18.20%	<-IRR #YR->	5	CFPS - Less WC	130.71%
P/CF on Closing Price	11.77	9.88	6.26	-62.96	27.46	3.94	-7.59	-10.72	5.94	1.05	-11.44	14.13	77.85	19.75	<-12 mths			7.78%	<-IRR #YR->	10	CFPS 5 yr Running	111.49%
*Operational Cash Flow per share			CF/-WC	P/CF Med	10 yr	4.98	5 yr	6.76	P/CF Med	10 yr	2.78	5 yr	5.38		611.36%	Diff M/C		123.16%	<-IRR #YR->	5	CFPS 5 yr Running	5434.77%
I left Excluding WC for 2009 and eariler because I think I got the values from G&M.
			-993.4	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	906.3								Shares
								-927.9	0.0	0.0	0.0	0.0	906.3								Shares
			-$5,123	$0	$0	$0	$0	$0	$0	$0	$0	$0	$2,708								Cash Flow
								-$9,610	$0	$0	$0	$0	$2,708								Cash Flow
			-$5.16	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$2.99								Cash Flow per Share
								-$10.36	$0.00	$0.00	$0.00	$0.00	$2.99								Cash Flow per Share
			-$5.14	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$6.47								CFPS 5 yr Running
								-$7.34	$0.00	$0.00	$0.00	$0.00	$6.47								CFPS 5 yr Running
			-$5,481	$0	$0	$0	$0	$0	$0	$0	$0	$0	$788								Cash Flow less WC
								$2,627	$0	$0	$0	$0	$788								Cash Flow less WC
			-$3,386	$0	$0	$0	$0	$0	$0	$0	$0	$0	$6,796								CF less WC 5 Yr Run
								-$218	$0	$0	$0	$0	$6,796								CF less WC 5 Yr Run
			-$5.52	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.87								CFPS - Less WC
								$2.83	$0.00	$0.00	$0.00	$0.00	$0.87								CFPS - Less WC
			-$3.45	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$7.30								CFPS 5 yr Running
								-$0.13	$0.00	$0.00	$0.00	$0.00	$7.30								CFPS 5 yr Running
Chge in Insurance & investment			-$1,088	$7,128	$4,391	-$379	$10,412	$14,476	$1,819	-$23,273
above separate Insurance											$9,316	$5,636	$5,024
above separate Investment											-$4,561	-$5,538	$3,132
Chge in funds held ceding insurers			$821	$505	$857	$663	$570	$467	$845	-$294
Chge in funds held under reinsurance			$28	$18	$50	-$37	$81	$201	-$84	-$294
above separate Liabilities											$170	$115	$120
above separate Assets											$5	$586	$663
Chge in deferred acq			$32	$42
Chge in reinsurance assets			$367	-$567	$830	$51	-$900	-$1,629	$1,915	$3,830	-$480	$38	-$371
Change in Fair Value
Other			-$157	-$98	-$321	-$444	$248	-$911	$279	-$245	$1,497	$237	-$1,172
Sales, Matur and repayments Prot Inv											$38,507	$43,805	$56,482
Purchase of Port Investments											-$35,253	-$42,566	-$61,194
Income Taxes Paid			-$361	-$223	-$314	-$428	-$235	-$367	-$351		-$423	-$707	-$764
Sum			-$358	$6,805	$5,493	-$574	$10,176	$12,237	$4,423	-$20,276	$8,778	$1,606	$1,920
Google --> TD	$2,245	$2,054	$1,652	$2,902	$4,027	-$574	$10,176	$12,237	$4,423	-$20,624	$8,778	$1,606	$1,920
Difference			-$2,010	$3,903	$1,466	$0	$0	$0	$0	$348	$0	$0	$0
Google --> TD	$2,245	$2,054	$1,652	$2,902
Difference	-$2,245	-$2,054	-$2,010	$3,903
Google --> TD in 2020, 2024			-$358	$6,805	$5,493	-$574			$4,423	-$31,267	$8,778
Difference			$0	$0	$0
OPM	19.00%	13.89%	15.15%	13.48%	14.37%	14.75%	13.67%	15.86%	16.10%	15.78%	12.50%	11.94%	6.16%	10.27%				-59.35%	<-Total Growth	10	OPM
Increase	20.99%	-26.90%	9.04%	-10.98%	6.60%	2.60%	-7.32%	16.04%	1.52%	-2.01%	-20.79%	-4.48%	-48.42%	66.80%					Should increase		or be stable.
Diff from Ave	35.5%	-0.9%	8.0%	-3.8%	2.5%	5.2%	-2.5%	13.1%	14.8%	12.5%	-10.9%	-14.9%	-56.1%	-26.7%				0.00	<-Median->	10	OPM
*Operational Profit Margin (CF/Revenue) Ratio									OPM	10 Yrs	14.02%	5 Yrs	12.50%					should be	zero, it is a		check on calculations
EBIT								$3,082	$4,323	$4,082	$4,299	$4,579	$4,316	$5,114	$5,657				<-Total Growth	5	EBIT	From Mkt Sc
Change									40.27%	-5.57%	5.32%	6.51%	-5.74%	18.49%	10.62%			5.32%	<-Median->	5	Change	no EBITDA showing
Margin									6.71%	9.14%	10.33%	11.51%	9.81%	12.45%	13.16%			9.81%	<-Median->	5	Margin
														$5,242	<-12 mths	11.65%
EBT									$3,867	$3,768	$3,068	$4,981	$4,695	$5,634	$6,527	$6,937			<-Total Growth	4	EBT
Change										-2.56%	-18.58%	62.35%	-5.74%	20.00%	15.85%	6.28%		-4.15%	<-Median->	4	Change
Margin									6.00%	8.44%	7.37%	12.52%	10.68%	13.72%	15.18%	15.54%		8.44%	<-Median->	5	Margin
Cash and Investments.	$142,774	$158,510	$177,093	$202,256	$167,905	$177,481	$177,501	$217,403	$244,136	$278,042	$245,335	$262,820	$268,472	$276,171				51.60%	<-Total Growth	10	Cash and Investments.
Debt/Investment Ratio	0.92	0.92	0.91	0.78	0.95	0.94	0.98	1.00	0.90	0.89	0.95	0.94	0.94	0.93				93.89%	<-Median->	10	Debt/Investment Ratio
Long Term Debt	$132,063	$146,055	$160,745	$157,949	$159,524	$166,720	$174,521	$218,047	$220,833	$247,698	$233,955	$246,635	$251,605	$257,903				56.52%	<-Total Growth	10	Long Term Debt	Ins. Cont.
Change	9.45%	10.59%	10.06%	-1.74%	1.00%	4.51%	4.68%	24.94%	1.28%	12.17%	-5.55%	5.42%	2.02%	2.50%				3.26%	<-Median->	10	Change
Debt/Market Cap Ratio	4.03	4.36	4.69	4.55	4.60	5.99	5.66	7.74	6.25	8.49	5.72	5.55	4.10	3.10				5.69	<-Median->	10	% of Market C.
Assets/Current Liabilities Ratio	87.61	67.10	71.24	62.16	62.48	56.88	53.07	73.34	67.88	57.79	55.12	57.10	57.87	66.09				57.83	<-Median->	10	Assets/Current Liabilities
Debt to Cash Flow (Years)	26.28	26.83	31.38	25.26	23.61	25.67	28.56	22.69	21.29	35.15	44.97	51.91	92.91	61.14							Debt to Cash Flow (Years)
Intangibles	$3,456	$3,625	$4,036	$3,972	$3,732	$3,976	$3,879	$4,285	$5,514	$6,209	$4,484	$4,958	$4,912	$4,999				21.70%	<-Total Growth	10	Intangibles
Goodwill	$5,812	$5,855	$5,913	$5,977	$6,179	$6,548	$6,505	$10,106	$9,081	$10,604	$11,249	$11,428	$11,283	$11,483				90.82%	<-Total Growth	10	Goodwill
Total	$9,268	$9,480	$9,949	$9,949	$9,911	$10,524	$10,384	$14,391	$14,595	$16,813	$15,733	$16,386	$16,195	$16,482				62.78%	<-Total Growth	10	Total
Change	8.88%	2.29%	4.95%	0.00%	-0.38%	6.19%	-1.33%	38.59%	1.42%	15.20%	-6.42%	4.15%	-1.17%	1.77%				0.71%	<-Median->	10	Change
Intangible/Market Cap Ratio	0.28	0.28	0.29	0.29	0.29	0.38	0.34	0.51	0.41	0.58	0.38	0.37	0.26	0.20				0.37	<-Median->	10	% of Market C.
Current Assets	$5,859	$5,554	$6,366	$7,570	$8,332	$9,588	$10,745	$14,193	$12,709	$14,606	$12,865	$16,383	$15,332	$15,785				140.84%	<-Total Growth	10	Current Assets
Current Liabilities	$3,720	$5,316	$5,614	$6,434	$6,720	$7,519	$8,502	$8,188	$9,288	$12,138	$12,940	$14,048	$14,910	$14,313				165.59%	<-Total Growth	10	Current Liabilities
Liquidity	1.58	1.04	1.13	1.18	1.24	1.28	1.26	1.73	1.37	1.20	0.99	1.17	1.03	1.10				1.22	<-Median->	10	Ratio
Liq. with CF aft div	2.60	1.84	1.82	1.94	2.03	1.93	1.80	2.71	2.30	1.63	1.25	1.36	1.06	1.23				1.36	<-Median->	5	Ratio
Liq. CF re  Inv+Div	1.13	1.03	1.13	1.13	1.19	1.18	1.53	1.35	1.04	1.12	1.18	1.32	1.06	1.23				1.12	<-Median->	5	Ratio
Assets	$325,905	$356,709	$399,935	$399,912	$419,838	$427,689	$451,167	$600,490	$630,488	$701,455	$713,230	$802,163	$862,828	$946,011				115.74%	<-Total Growth	10	Assets
Liabilities	$305,906	$334,812	$374,675	$374,904	$394,302	$400,291	$425,624	$573,475	$600,005	$669,137	$683,379	$769,509	$829,825	$911,409				121.48%	<-Total Growth	10	Liabilities
Debt Ratio	1.07	1.07	1.07	1.07	1.06	1.07	1.06	1.05	1.05	1.05	1.04	1.04	1.04	1.04				1.05	<-Median->	10	Ratio
Estimates BVPS														$30.53	$33.00	$35.22			Estimates		Estimates BVPS
Estimate Book Value														$27,308.0	$29,517.3	$31,503.1			Estimates		Estimate Book Value
P/B Ratio (Close)														3.05	2.82	2.67			Estimates		P/B Ratio (Close)
Difference from 10 year median															120.34%	Diff M/C			Estimates		Difference from 10 yr med.
Book Value	$19,999	$21,897	$25,260	$25,008	$25,536	$27,398	$25,543	$27,015	$30,483	$32,318	$29,851	$32,654	$33,003	$34,602				30.65%	<-Total Growth	10	Book Value
Preferred Stock	$2,314	$2,514	$2,514	$2,514	$2,714	$2,714	$2,714	$2,714	$5,748	$5,791	$6,000	$6,071	$5,983	$3,120				137.99%	<-Total Growth	10	Preferred Stock
Shareholders' Equity	$17,685	$19,383	$22,746	$22,494	$22,822	$24,684	$22,829	$24,301	$24,735	$26,527	$23,851	$26,583	$27,020	$31,482				18.79%	<-Total Growth	10	Shareholders' Equity
Book Value per Share	$17.70	$19.45	$22.90	$22.80	$23.08	$24.99	$24.62	$26.19	$26.58	$28.47	$25.58	$28.52	$29.81	$35.20
P/B Ratio (Median)	1.63	1.62	1.50	1.49	1.54	1.25	1.25	1.04	1.29	1.23	1.48	1.57	1.61	2.18
									P/BV	10 yr Med	1.38	5 yr Med	1.48
Non-Cont. Int.	$2,362	$2,643	$2,806	$3,006	$2,935	$2,875	$2,866	$2,987	$3,267	$3,308	$3,015	$3,113	$3,146	$3,146				12.12%	<-Total Growth	10	Non-Cont. Int.
Book Value	$15,323	$16,740	$19,940	$19,488	$19,887	$21,809	$19,963	$21,314	$21,468	$23,219	$20,836	$23,470	$23,874	$28,336	$28,336	$28,336		19.73%	<-Total Growth	10	Book Value
Book Value per Share	$15.33	$16.80	$20.07	$19.76	$20.11	$22.08	$21.53	$22.97	$23.07	$24.92	$22.35	$25.18	$26.34	$31.68	$31.68	$31.68		31.22%	<-Total Growth	10	Book Value per Share
Change	16.30%	9.54%	19.52%	-1.58%	1.81%	9.77%	-2.50%	6.70%	0.42%	8.01%	-10.32%	12.68%	4.61%	20.26%	0.00%	0.00%		72.98%	P/B Ratio		Current/Historical Median
P/B Ratio (Median)	1.88	1.87	1.71	1.72	1.77	1.42	1.44	1.19	1.49	1.40	1.69	1.78	1.83	2.42				1.70	P/B Ratio		Historical Median
P/B Ratio (Close)	2.14	2.00	1.72	1.78	1.75	1.28	1.54	1.32	1.65	1.26	1.96	1.89	2.57	2.94	2.94	2.97		2.75%	<-IRR #YR->	10	Book Value per Share
Change	15.65%	-6.37%	-13.99%	3.49%	-1.97%	-26.86%	21.05%	-14.48%	24.55%	-23.66%	56.25%	-3.54%	35.73%	14.43%	0.00%	0.91%		2.78%	<-IRR #YR->	5	Book Value per Share
Financial Leverage											30%	28.8%	27.6%	27.6%
Leverage (A/BV)	16.30	16.29	15.83	15.99	16.44	15.61	17.66	22.23	20.68	21.70	23.89	24.57	26.14	27.34				21.19	<-Median->	10	A/BV
Debt/Equity Ratio	15.30	15.29	14.83	14.99	15.44	14.61	16.66	21.23	19.68	20.70	22.89	23.57	25.14	26.34				20.19	<-Median->	10	Debt/Eq Ratio
Sharerholders Equity (Assets less liabilities)									P/BV	10 yr Med	1.59	5 yr Med	1.69		84.94%	Diff M/C		14.43	Historical		A/BV
			-$20.07	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$26.34
								-$22.97	$0.00	$0.00	$0.00	$0.00	$26.34
														$5,498	<-12 mths	48.67%
Comprehensive Income	$3,440	$2,927	$4,785	$1,249	$1,842	$3,726	$1,972	$3,105	$3,245	$3,728	$3,042	$4,956	$4,086					-14.61%	<-Total Growth	10	Comprehensive Income
NCI	$13	-$33	$57	-$43	-$63	-$27	$30	$37	-$162	$30	$11	$21	$15								NCI
Shareholders	$3,427	$2,960	$4,728	$1,292	$1,905	$3,753	$1,942	$3,068	$3,407	$3,698	$3,698	$3,698	$3,698					-21.79%	<-Total Growth	10	Shareholders
Increase	86.96%	-13.63%	59.73%	-72.67%	47.45%	97.01%	-48.25%	57.98%	11.05%	8.54%	0.00%	0.00%	0.00%					0.00%	<-Median->	5	Comprehensive Income
5 Yr Running Average	$1,931	$2,359	$3,058	$2,848	$2,862	$2,928	$2,724	$2,392	$2,815	$3,174	$3,163	$3,514	$3,640					-2.43%	<-IRR #YR->	10	Comprehensive Income	-21.79%
ROE	17.1%	13.5%	18.7%	5.2%	7.5%	13.7%	7.6%	11.4%	11.2%	11.4%	12.4%	11.3%	11.2%					3.81%	<-IRR #YR->	5	Comprehensive Income	20.53%
5Yr Median	10.4%	13.5%	14.6%	13.5%	13.5%	13.5%	7.6%	7.6%	11.2%	11.4%	11.4%	11.4%	11.3%					1.76%	<-IRR #YR->	10	5 Yr Running Average	19.01%
% Difference from NI	15.3%	-11.1%	35.1%	-56.7%	-25.4%	4.9%	-35.7%	-17.8%	-23.3%	-17.5%	-5.7%	-32.5%	-32.4%					8.76%	<-IRR #YR->	5	5 Yr Running Average	52.17%
Median Values										Diff	5, 10 yr	-24.4%	-23.3%					11.3%	<-Median->	5	Return on Equity
			-$4,728	$0	$0	$0	$0	$0	$0	$0	$0	$0	$3,698
								-$3,068	$0	$0	$0	$0	$3,698
			-$3,058	$0	$0	$0	$0	$0	$0	$0	$0	$0	$3,640
								-$2,392	$0	$0	$0	$0	$3,640
Current Liability Coverage Ratio	0.75	0.64	0.98	-0.09	0.19	0.94	-0.48	-0.32	0.64	2.28	-0.28	0.22	0.05	0.29							CFO / Current Liabilities
5 year Median	0.75	0.75	0.75	0.74	0.64	0.64	0.19	-0.09	0.19	0.64	-0.28	0.22	0.22	0.22				0.22	<-Median->	5	Current Liability Cov Ratio
Asset Efficiency Ratio	0.85%	0.95%	1.37%	-0.14%	0.30%	1.65%	-0.90%	-0.44%	0.94%	3.94%	-0.50%	0.39%	0.09%	0.45%							CFO / Total Assets
5 year Median	1.02%	1.02%	1.02%	0.95%	0.85%	0.95%	0.30%	-0.14%	0.30%	0.94%	-0.44%	0.39%	0.39%	0.39%				0.4%	<-Median->	5	Return on Assets
Return on Assets	0.70%	0.71%	0.69%	0.58%	0.47%	0.67%	0.52%	0.49%	0.50%	0.46%	0.38%	0.49%	0.46%	0.50%				Net	Income/Assets		ROA
5Yr Median	0.85%	0.72%	0.71%	0.70%	0.69%	0.67%	0.58%	0.52%	0.50%	0.50%	0.49%	0.49%	0.46%	0.46%				0.5%	<-Median->	5	ROA
ROE	14.87%	15.21%	13.85%	11.94%	10.01%	13.05%	11.82%	13.81%	14.57%	13.86%	13.14%	16.79%	16.59%	16.57%				Net Inc/	Shareholders' equity		ROE
5Yr Median	14.87%	14.87%	14.87%	14.48%	13.85%	13.05%	11.94%	11.94%	13.05%	13.81%	13.81%	13.86%	14.57%	16.57%				14.6%	<-Median->	5	ROE
														$4,437	<-12 mths
Net Income	$2,498	$2,761	$3,011	$2,641	$2,149	$2,961	$2,507	$3,154	$3,563	$3,534	$2,891	$4,129	$4,161					38.19%	<-Total Growth	10	Net Income
NCI & other	$90	$93	$123	$192	$30	-$19	$15	$78	$301	$185	$23	$59	$41								NCI
Preferred Shares	$130	$122	$126	$123	$129	$133	$133	$133	$134	$130	$130	$130	$160								Preferred Shares
Shareholders	$2,278	$2,546	$2,762	$2,326	$1,990	$2,847	$2,359	$2,943	$3,128	$3,219	$2,738	$3,940	$3,960	$4,695	$5,313	$5,720		43.37%	<-Total Growth	10	Net Income
Increase	25.51%	11.76%	8.48%	-15.79%	-14.45%	43.07%	-17.14%	24.76%	6.29%	2.91%	-14.94%	43.90%	0.51%	18.56%	13.16%	7.66%		EPS/CF Ratio should not be higher than 1.00
5 Yr Running Average	$1,894	$2,064	$2,285	$2,345	$2,380	$2,494	$2,457	$2,493	$2,653	$2,899	$2,877	$3,194	$3,397	$3,710	$4,129	$4,726		3.67%	<-IRR #YR->	10	Net Income	43.37%
Operating Cash Flow	$5,026	$5,443	$5,123	$6,254	$6,757	$6,494	$6,110	$9,610	$10,373	$7,047	$5,203	$4,751	$2,708					6.12%	<-IRR #YR->	5	Net Income	34.56%
Investment Cash Flow	-$4,813	-$4,129	-$3,424	-$4,565	-$4,778	-$4,776	-$1,539	-$8,202	-$11,212	-$5,493	-$783	-$408	-$56					4.05%	<-IRR #YR->	10	5 Yr Running Average	48.69%
Total Accruals	$2,065	$1,232	$1,063	$637	$11	$1,129	-$2,212	$1,535	$3,967	$1,665	-$1,682	-$403	$1,308					6.38%	<-IRR #YR->	5	5 Yr Running Average	36.26%
Total Assets	$325,905	$356,709	$399,935	$399,912	$419,838	$427,689	$451,167	$600,490	$630,488	$701,455	$713,230	$802,163	$862,828						Balance Sheet		Assets
Accruals Ratio	0.63%	0.35%	0.27%	0.16%	0.00%	0.26%	-0.49%	0.26%	0.63%	0.24%	-0.24%	-0.05%	0.15%					0.15%	<-Median->	5	Ratio
EPS/CF Ratio	0.83	0.75	0.50	-4.77	1.70	0.42	-0.57	-1.12	0.53	0.12	-0.76	1.25	4.90					0.27	<-Median->	10	EPS/CF Ratio
																		Should not be higher than 1.00
			-$2,762	$0	$0	$0	$0	$0	$0	$0	$0	$0	$3,960
								-$2,943	$0	$0	$0	$0	$3,960
			-$2,285	$0	$0	$0	$0	$0	$0	$0	$0	$0	$3,397
								-$2,493	$0	$0	$0	$0	$3,397
Change in Close	34.50%	2.56%	2.80%	1.85%	-0.20%	-19.72%	18.03%	-8.75%	25.07%	-17.54%	40.13%	8.69%	42.00%	37.61%	0.00%	0.91%			Count	30	Years of data
up/down																			Count	0	0.00%
Meet Prediction?																		% right	Count	0	#DIV/0!
Financial Cash Flow	$493	-$1,685	-$1,683	-$1,045	-$1,659	-$1,267	-$3,981	$2,010	-$992	-$620	-$3,550	-$2,285	-$4,322						C F Statement		Financial Cash Flow
Total Accruals	$1,572	$2,917	$2,746	$1,682	$1,670	$2,396	$1,769	-$475	$4,959	$2,285	$1,868	$1,882	$5,630								Accruals
Accruals Ratio	0.48%	0.82%	0.69%	0.42%	0.40%	0.56%	0.39%	-0.08%	0.79%	0.33%	0.26%	0.23%	0.65%					0.33%	<-Median->	5	Ratio
Cash	$2,791	$2,498	$2,813	$3,259	$3,551	$4,168	$4,628	$7,946	$6,075	$7,290	$7,742	$10,709	$8,902	$9,923							Cash
Cash per Share	$2.79	$2.51	$2.83	$3.30	$3.59	$4.22	$4.99	$8.56	$6.53	$7.82	$8.30	$11.49	$9.82	$11.09				$8.30	<-Median->	5	Cash per Share
Percentage of Stock Price	8.53%	7.46%	8.20%	9.39%	10.23%	14.97%	15.01%	28.22%	17.20%	24.99%	18.93%	24.10%	14.51%	11.91%				18.93%	<-Median->	5	% of Stock Price
Notes:
September 8, 2026.  Last estimates were for 2025, 2026, 2027 of $38495M, $39545M, $40829M Net Sales, $4.76, $5.10, $5.49 AEPS,
$4.11, $1.79, $5.01 EPS, $2.44, $2.57, $2.55 Dividends, $28.28, $30.55, $33.05 BVPS, $3562M, $4231M, $4532M Net Income.
September 16, 2025.  Last estimates were for 2024, 2025, 2026 of $67688M, $69896M, $72272M Revenue, $4.35, $4.53, $4.66 AEPS, $4.28, $4.44, $4.58 EPS,
$2.23, $2.34, $2.46 Dividends,$26.34, $28.41, $29.72 BVPS, $3983M, $4094M, $4212M Net Income.
September 10, 2024.  Last estimates were for 2023, 2024, 2024 of $67301M, $69578M, $71,975M for Revenue, $3.82, $4.04, $4.27 AEPS,
$3.18, $4.00, $4.26  EPS, $2.05, $2.14, $2.20 Dividends, $24.10, 25.90, $28.20 BVPS, $2990M, $38686M, $3869M Net Income.
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 is one of the Big Three Canadian life insurers.  The firm operations in Canada, US, Europe (especially in UK and Ireland).
Great-West Lifeco is one of the Big Three Canadian life insurers with business in Canada, US, and Europe. Great-West Lifeco also offers
various products across European markets with a strong presence in the UK and Ireland.
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	2018	Sep 15	2019	Sep 19	2020	Sep 9	2021	Sep 17	2022	Sep 15	2023	Sep 10	2024	Sep 16	2025			Sep 9	2026
Harney, David Martin								0.002	0.00%	0.002	0.00%	0.002	0.00%	0.002	0.00%			0.002	0.00%		was an officer	6.89%
CEO - Shares - Amount									$0.055		$0.069		$0.095		$0.121				$0.178
Options - percentage								0.395	0.04%	0.507	0.05%	0.654	0.07%	0.792	0.09%			1.289	0.14%			62.71%
Options - amount									$12.368		$22.234		$31.185		$53.632				$120.089
Mahon, Paul	0.01%	0.151	0.02%	0.156	0.02%	0.193	0.02%	0.219	0.02%	0.250	0.03%	0.250	0.03%	0.297	0.03%						last report July 2025	-100.00%
CEO - Shares - Amount	$4.116		$5.007		$4.731		$7.314		$6.852		$10.954		$11.906		$20.101
Options - percentage	0.14%	1.919	0.21%	2.433	0.26%	2.947	0.32%	3.400	0.36%	3.918	0.42%	3.918	0.42%	4.689	0.52%							-100.00%
Options - amount	$38.847		$63.815		$73.855		$111.874		$106.432		$171.824		$186.750		$317.424
Nielsen, Jon										0.000	0.00%	0.000	0.00%	0.001	0.00%			0.000	0.00%			-100.00%
CFO - Shares - Amount											$0.000		$0.003		$0.037				$0.000
Options - percentage										0.315	0.03%	0.503	0.05%	0.666	0.07%			0.828	0.09%			24.43%
Options - amount											$13.819		$23.967		$45.055				$77.150
MacNicholas, Garry	0.00%	0.003	0.00%	0.005	0.00%	0.005	0.00%	0.005	0.00%	0.005	0.00%	0.005	0.00%	0.005	0.00%						last report Mar 2024	-100.00%
CFO - Shares - Amount	$0.070		$0.083		$0.156		$0.195		$0.161		$0.225		$0.245		$0.348
Options - percentage	0.04%	0.561	0.06%	0.677	0.07%	0.792	0.09%	0.910	0.10%	1.027	0.11%	0.943	0.10%	0.943	0.10%							-100.00%
Options - amount	$11.749		$18.646		$20.556		$30.075		$28.476		$45.028		$44.944		$63.820
Bird, Graham R.	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 2024	#DIV/0!
Officer - Shares - Amount	$0.098		$0.168		$0.212		$0.353		$0.351		$0.585										Ceased insider Mar 2024
Options - percentage	0.05%	0.613	0.07%	0.775	0.08%	0.933	0.10%	1.142	0.12%	1.332	0.14%											#DIV/0!
Options - amount	$12.543		$20.380		$23.522		$35.432		$35.747		$58.440
Bailey-Moffitt, Collen Nancy												0.001	0.00%	0.000	0.00%			0.000	0.00%		last report Mar 2025	0.00%
Officer - Shares - Amount													$0.037		$0.008				$0.011
Options - percentage												0.044	0.00%	0.065	0.01%			0.065	0.01%			0.00%
Options - amount													$2.100		$4.410				$6.068
Murphy, Edmund Francis												0.000	0.00%	0.005	0.00%			0.009	0.00%			78.68%
Officer - Shares - Amount													$0.000		$0.333				$0.818
Options - percentage												0.672	0.07%	0.723	0.08%			0.558	0.06%			-22.87%
Options - amount													$32.055		$48.939				$51.944
Morin, Fabrice										0.005	0.00%	0.006	0.00%	0.008	0.00%			0.009	0.00%			16.39%
Officer - Shares - Amount											$0.215		$0.297		$0.509				$0.816
Options - percentage										0.303	0.03%	0.423	0.05%	0.551	0.06%			0.665	0.07%			20.78%
Options - amount											$13.283		$20.187		$37.266				$61.939
Kerrigan, Linda										0.011	0.00%	0.011	0.00%	0.012	0.00%			0.012	0.00%			0.00%
Officer - Shares - Amount											$0.481		$0.541		$0.843				$1.160
Options - percentage										0.121	0.01%	0.129	0.01%	0.131	0.01%			0.132	0.01%			1.21%
Options - amount											$5.318		$6.127		$8.840				$12.311
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	$0.282		$0.333		$0.304		$0.380		$0.313		$0.439		$0.477		$0.677				$0.932
Options - percentage	0.00%	0.059	0.01%	0.077	0.01%	0.094	0.01%	0.109	0.01%	0.127	0.01%	0.146	0.02%	0.163	0.02%			0.176	0.02%			8.42%
Options - amount	$1.211		$1.958		$2.347		$3.562		$3.418		$5.571		$6.952		$11.012				$16.430
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	$9.863		$11.641		$10.623		$13.286		$10.955		$15.351		$16.685		$23.692				$32.603
Options - percentage	0.02%	0.183	0.02%	0.210	0.02%	0.233	0.03%	0.256	0.03%	0.219	0.02%	0.309	0.03%	0.333	0.04%			0.353	0.04%			6.02%
Options - amount	$4.539		$6.097		$6.360		$8.848		$7.998		$9.597		$14.721		$22.563				$32.918
Barrett, Deborah, Jane												0.003	0.00%	0.003	0.00%			0.003	0.00%			0.00%
Director - Shares - Amount													$0.138		$0.196				$0.270
Options - percentage												0.058	0.01%	0.066	0.01%			0.073	0.01%			10.13%
Options - amount													$2.765		$4.489				$6.803
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%		no longer Chair 2026	0.00%
Director - Shares - Amount	$0.564		$0.665		$0.607		$0.759		$0.626		$0.877		$0.953		$1.354				$1.863
Options - percentage	0.02%	0.191	0.02%	0.208	0.02%	0.225	0.02%	0.242	0.03%	0.261	0.03%	0.280	0.03%	0.297	0.03%			0.311	0.03%			4.82%
Options - amount	$4.979		$6.353		$6.327		$8.549		$7.559		$11.437		$13.324		$20.089				$28.978
O'Sullivan, James P.														0.000	0.00%			0.000	0.00%		in 2026	#DIV/0!
Chairman - Shares - Amount															$0.000				$0.000
Options - percentage														0.010	0.00%			0.018	0.00%			73.54%
Options - amount															$0.705				$1.685
Desmarais, Paul G.
Director Shares - M$
Desmarais Family Residuary Trust	71.81%	657.587	70.92%	657.587	70.87%	657.587	70.66%	657.587	70.57%	657.587	70.52%	657.587	70.55%	656.957	72.49%			633.960	70.88%		Last filed in Apr 2026	-3.50%
10% Holder - Shares - Amt	$19,988.23		$21,871.35		$19,957.77		$24,962.01		$20,582.478		$28,841.773		$31,347.180		$44,469.449				$59,053.350
Increase in O/S Shares	0.42%	1.144	0.12%	1.243	0.13%	0.572	0.06%	2.767	0.30%	1.233	0.13%	4.296	0.46%	2.380	0.26%			2.662	0.29%		Average	0.29%
due to SO	$144.764		$40.156		$41.334		$17.358		$105.044		$38.586		$188.425		$113.438				$180.216
Book Value	$143.000		$39.000		$39.000		$5.651		$97.000		$43.000		$158.000		$88.000				$99.000
Insider Buying	-$0.035		-$0.062		-$0.083		-$2.406		-$0.195		$0.000		$0.000		$0.000				$0.000
Insider Selling	$5.636		$0.000		$0.705		$2.863		$2.502		$9.076		$22.672		$12.357				$8.070
Net Insider Selling	$5.601		-$0.062		$0.622		$0.457		$2.306		$9.076		$22.672		$12.357				$8.070
% of Market Cap	0.02%		0.00%		0.00%		0.00%		0.01%		0.02%		0.05%		0.02%				0.01%
Directors		22		22		19		18		19		19		19				20
Women	23%	5	23%	6	27%	6	32%	5	28%	6	32%	6	32%	6	32%			7	35%
Minorities	5%	1	5%	1	5%	1	5%	1	6%	2	11%	1	5%	1	5%			1	5%
Institutions/Holdings	81.68%
Value of Shares Held	$25,189.98
Total Shares Held	79.19%
Value of Shares Held	$27,483.30
Increase/Decrease	-0.38%
Starting No. of Shares	Morningstar
Institutions/Holdings	4.46%	20	4.46%			20	13.30%	20	13.30%	20	42.53%	20	11.69%	20	8.64%			20	6.05%		Morningstar now top 20
Total Shares Held	0.01%	762.842	82.27%			123.638	13.29%	67.716	7.27%	396.051	42.48%	109.004	11.69%	79.897	8.82%			54.154	6.05%
Increase/Decrease	0.11%	-11.460	-1.48%			5.627	4.77%	-0.520	-0.76%	18.513	4.90%	0.974	0.90%	-26.294	-24.76%			-35.360	-39.50%
Starting No. of Shares	Reuters	774.302	Reuters			118.012	MS Top 20	68.236	MS Top 20	377.538	MS Top 20	108.030	MS Top 20	106.191	MS Top 20			89.514	MS Top 20
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