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Home CompaniesCanadian Life Companies Split Corp

Canadian Life Companies Split Corp

Financial Services Asset Management
PortfolioPortfolio WatchlistWatchlist
Company price
9.18 CAD 0.25 ( 2.80%)
Last update at 2026-11-04T20:39:00Z
VOLUME
163889
Market Cap
126.30M
P/E
4.39

Momentum Score

…

Canadian Life Companies Split Corp. is a closed-ended equity mutual fund launched and managed by Quadravest Capital Management Inc. It invests in the public equity markets of Canada. The fund seeks to invest in stocks of companies operating in the life insurance sector. It primarily invests in stocks of four publicly traded life insurance companies namely Great-West Lifeco Inc., Industrial Alliance Insurance and Financial Services Inc., Manulife Financial Corporation, and Sun Life Financial Inc. The fund employs fundamental analysis with a focus on such factors as a firm's earning history, relative price-earnings multiple, cash flow, dividend yield, market position, and growth prospects to create its portfolio. It benchmarks the performance of its portfolio against the S&P TSX Financial Index. Canadian Life Companies Split Corp. was formed on April 18, 2005 and is domiciled in Canada.

Source: TradingView
The charts and visual representations are sourced from TradingView through embedded widgets. For any issues with chart display, please visit the TradingView website

Day Price Range
9.03
Low
9.19
High
52 Week Price Range
4.79
Low
7.83
High

Momentum Score

…
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A unique technical analysis driven score developed by Kalkine showing momentum in stock prices based on select technical indicators identified.

Score - Rating
>= 1 - Low / > 1 but < 2 - Below Average / > 2 but < 3 - Average / > 3 but < 4 - Above Average / > 4 - High
AI Summary

Canadian Life Companies Split Corp is a Toronto-listed split share corporation that holds a portfolio of Canadian life-insurance equities and issues preferred and capital shares to provide income and equity exposure. Long-term growth drivers include dividends, capital appreciation of underlying insurers, and sector dynamics that may benefit from interest-rate and demographic trends.
Major risks are equity-market exposure to life insurers, interest-rate and actuarial pressures on insurer profitability, and structural leverage and distribution risk of split-share corporations.

Risk Score
Medium

Note: The summary and risk score provided above is created by AI and should not be construed as a recommendation of Kalkine.

Key Metrics*

Previous Close
8.93
Dividend Yield
15.92%
Revenue TTM
31.29M
Revenue Per Share
2.52
Gross Profit TTM
31.29M
Debt / Equity
1.41
ROE
21.37%
Net Debt
138.82M
ROCE
24.12%
Diluted EPS TTM
1.74

Key Financials*

Income Statement

Balance Sheet

Change in Cash

Total Operating Cash

Dividends Paid

Breakdown 2025-11-30 2024-11-30 2023-11-30 2022-11-30 2021-11-30
Type yearly yearly yearly yearly yearly
Date 2025-11-30 2024-11-30 2023-11-30 2022-11-30 2021-11-30
Income before tax 21.57M 45.60M 21.28M 3.35M 26.95M
Net income 21.57M 45.58M 21.28M 3.43M 26.95M
Selling general administrative 0.39M 0.38M 0.41M 0.41M 0.42M
Gross profit 8.68M 54.77M 20.40M 2.58M 26.00M
Ebit - 108.28M 42.65M 6.70M 54.24M
Ebitda 30.82M 54.10M 21.28M 3.35M 26.95M
Depreciation and amortization - -54.18M -21.37M -3.35M -27.29M
Operating income 29.04M 54.19M 21.28M 3.35M 26.95M
Other operating expenses 18.63M 1.49M 0.58M 0.66M 0.64M
Interest expense 9.25M - - - 0.00M
Interest income 0.35M 0.42M 0.38M 0.17M 0.00M
Net interest income 0.35M 0.42M 0.38M 0.17M 0.00M
Income tax expense - 0.03M 0.00M -0.08M 0.04M
Total revenue 10.41M 55.94M 21.85M 4.01M 27.59M
Total operating expenses -20.36M 0.58M 0.58M 0.66M 0.64M
Cost of revenue 1.73M 1.43M 1.45M 1.43M 1.60M
Total other income expense net -7.47M -8.85M -9.64M -8.43M -8.58M
Net income from continuing ops 29.03M 54.19M 21.28M 3.35M 26.95M
Net income applicable to common shares - - - -5.14M 18.67M
Breakdown 2025-11-30 2024-11-30 2023-11-30 2022-11-30 2021-11-30
Type yearly yearly yearly yearly yearly
Date 2025-11-30 2024-11-30 2023-11-30 2022-11-30 2021-11-30
Total assets 285.94M 193.96M 167.87M 170.81M 174.85M
Other current assets - - 0.00M - -
Total liab 168.74M 109.33M 0.77M 128.75M 125.25M
Total stockholder equity 117.20M 84.63M 50.35M 42.07M 49.60M
Other current liab - - -0.77M 1.56M 0.73M
Common stock - - 50.35M 42.07M 49.60M
Cash 26.71M 12.64M 8.79M 20.41M 10.61M
Total current liabilities 165.53M - 0.77M 128.75M 125.25M
Current deferred revenue - - -115.47M - -
Net debt 138.82M - 107.45M - -
Short term debt 165.53M - 116.24M - -
Short long term debt total 165.53M - 116.24M - -
Other stockholder equity 117.20M - - - -
Total current assets 284.38M - 10.49M 170.81M 174.85M
Long term investments 257.67M 180.07M 157.38M 149.02M 162.14M
Net tangible assets - - - 42.07M 49.60M
Short term investments 257.67M - 157.38M - -
Net receivables - - 1.70M 1.38M 2.10M
Inventory - - 0.00M - -
Accounts payable 2.62M 1.80M 0.77M 2.31M 0.84M
Non currrent assets other 1.56M - -157.38M - -
Non current assets total 1.56M - 157.38M - -
Breakdown 2025-11-30 2024-11-30 2023-11-30 2022-11-30 2021-11-30
Type yearly yearly yearly yearly yearly
Date 2025-11-30 2024-11-30 2023-11-30 2022-11-30 2021-11-30
Change to liabilities - - - 0.00M 0.00M
Total cash from financing activities 62.77M -28.00M -21.53M -10.43M -21.38M
Change to operating activities - - - -0.02M 0.01M
Net income 21.57M 45.58M 11.74M -5.14M 18.67M
Change in cash 14.07M 3.85M -11.62M 9.80M 4.29M
Begin period cash flow 12.64M 8.79M 20.41M 10.61M 6.32M
End period cash flow 26.71M 12.64M 8.79M 20.41M 10.61M
Total cash from operating activities 4.94M 31.77M 10.05M 20.02M 25.65M
Issuance of capital stock 104.55M 7.90M 0.00M 0.56M 0.00M
Dividends paid 23.45M -16.24M 9.58M 10.82M 8.33M
Change to account receivables - 0.45M -0.31M 0.12M -0.15M
Sale purchase of stock -15.45M -19.52M -11.95M 0.00M -13.05M
Other cashflows from financing activities - -0.14M - -0.17M -0.17M
Change to netincome - - - 24.98M 7.12M
Capital expenditures 0.00M 0.00M 0.00M 0.00M 0.00M
Change in working capital -0.26M 0.47M -0.31M 0.10M -0.14M
Other non cash items -16.37M -14.28M -1.38M 25.07M 7.12M
Free cash flow 4.94M 31.77M 10.05M 20.02M 25.65M

Peer Comparison*

Sector: Financial Services Industry: Asset Management

Stock Name
Change
(CAD)
Price
(CAD)
Trailing
PE (x)
Forward
PE (x)
Price Sales
TTM (x)
Price to Book Value (x)
Enterprise Value
to Revenue (x)
Enterprise Value
to EBITDA (x)
LFE
Canadian Life Companies Split Corp		 0.25
2.80%		 9.18 4.39 - 4.04 1.08 4.25 -5.32
BLK
BlackRock CDR (CAD Hedged)		 1.70
5.77%		 31.14 25.23 18.90 6.38 2.79 6.35 17.13
BN
Brookfield Corporation		 3.35
5.89%		 60.20 94.76 11.96 1.84 2.36 4.58 10.80
BAM
Brookfield Asset Management Ltd		 4.01
5.62%		 75.33 31.22 25.51 22.40 9.70 17.61 25.08
PHYS
Sprott Physical Gold Trust		 1.14
2.74%		 42.73 3.81 - 3.47 1.06 4.09 0.66

Profile*

Canadian Life Companies Split Corp

Canadian Life Companies Split Corp. is a closed-ended equity mutual fund launched and managed by Quadravest Capital Management Inc. It invests in the public equity markets of Canada. The fund seeks to invest in stocks of companies operating in the life insurance sector. It primarily invests in stocks of four publicly traded life insurance companies namely Great-West Lifeco Inc., Industrial Alliance Insurance and Financial Services Inc., Manulife Financial Corporation, and Sun Life Financial Inc. The fund employs fundamental analysis with a focus on such factors as a firm's earning history, relative price-earnings multiple, cash flow, dividend yield, market position, and growth prospects to create its portfolio. It benchmarks the performance of its portfolio against the S&P TSX Financial Index. Canadian Life Companies Split Corp. was formed on April 18, 2005 and is domiciled in Canada.

200 Front Street West, Toronto, ON, Canada, M5V 3K2

416-304-4440

https://www.quadravest.com/#!lifesplit-home/cuny

Name Title Year Born
Mr. Stephen Wayne Finch Portfolio Mang. NA
Mr. Stephen Wayne Finch Portfolio Manager NA

Disclaimer - (*)This information, including any data, is sourced from Unicorn Data Services SAS, trading as EOD Historical Data (“EODHD”) on an ‘as is’ basis, using their API. We cannot guarantee the completeness or validity of the information and data provided on this page, as well as via the API. In some cases, the data may include analyst ratings or recommendations sourced through the EODHD API, which are intended solely for general information purposes.
This information does not consider your personal objectives, financial situation, or needs. Kalkine is not liable for any errors or omissions in the information provided or for any actions taken in reliance on it. You should seek advice from a financial adviser, stockbroker or other professional adviser (including taxation and legal advice) as necessary before acting on this information.

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