IGM Financial (TSX:IGM.PR.B.PFD) Retained Earnings : C$4,595.62 Mil (As of Dec. 2023)

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What is IGM Financial Retained Earnings?

Retained earnings is the accumulated portion of net income that is not distributed to shareholders. IGM Financial's retained earnings for the quarter that ended in Dec. 2023 was C$4,595.62 Mil.

IGM Financial's quarterly retained earnings increased from Jun. 2023 (C$4,232.33 Mil) to Sep. 2023 (C$4,307.34 Mil) and increased from Sep. 2023 (C$4,307.34 Mil) to Dec. 2023 (C$4,595.62 Mil).

IGM Financial's annual retained earnings increased from Dec. 2021 (C$3,857.00 Mil) to Dec. 2022 (C$3,973.46 Mil) and increased from Dec. 2022 (C$3,973.46 Mil) to Dec. 2023 (C$4,595.62 Mil).

IGM Financial Retained Earnings Historical Data

The historical data trend for IGM Financial's Retained Earnings can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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IGM Financial Retained Earnings Chart

IGM Financial Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Retained Earnings

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2,980.26

3,207.47

3,857.00

3,973.46

4,595.62

IGM Financial Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Retained Earnings	Get a 7-Day Free Trial															3,973.46	4,227.79	4,232.33	4,307.34	4,595.62

IGM Financial Retained Earnings Calculation

Retained Earnings is the accumulated portion of net income that is not distributed to shareholders. Because the net income was not distributed to shareholders, shareholders' equity is increased by the same amount.

Of course, if a company loses, it is called retained losses, or accumulated losses.

IGM Financial (TSX:IGM.PR.B.PFD) Retained Earnings Explanation

Historically profitable companies sometimes have negative retained earnings. This is because they have cumulatively paid out more to shareholders than they reported in profits.

For example, in 2011, Microsoft had negative retained earnings. This does not mean the company lost more money than it made over the years. It just means it paid out more money than it earned.

If a company has negative retained earnings, investors should check the 10-year financial results. They should not assume that negative retained earnings prove a company has generally lost money in the past.

Of course, many companies with negative retained earnings have indeed lost money in the past.

Retained Earnings: Warren Buffett's Secret.

One of the most important indicators of durable competitive advantage. Net earnings can be paid out as dividends, used to buy back shares or retained for growth.

If the company loses more than it has accumulated, retained earnings is negative.

If a company isn't adding to its retained earnings, it isn't growing its net worth.

Rate of growth of retained earnings is good indicator whether it's benefiting from a competitive advantage.

Microsoft is negative because it chose to buyback stock and pay dividends.

The more earnings retained, the faster it grows and increases growth rate for future earnings.

IGM Financial (TSX:IGM.PR.B.PFD) Business Description

Industry

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IGIFF:USA C7G:Germany IGM:Canada

Address

447 Portage Avenue, Winnipeg, MB, CAN, R3B 3H5

Website

https://www.igmfinancial.com

IGM Financial is the largest non-bank-affiliated asset manager in Canada. The firm is part of the Power Financial group of companies, which includes Great-West Life, London Life, and Canada Life. IGM has two main operating divisions—asset management (operated through Mackenzie Investments) and wealth management (via its Investors Group Wealth Management subsidiary)—that provide investment management products and services. IGM had CAD 215.3 billion in assets under management, or AUM, and CAD 35.0 billion in assets under advisement, or AUA, at the end of October 2023. Investment Planning Counsel is now being accounted for as a discontinued operation, having been sold earlier this year, with the deal closed in November 2023.

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