| |
| Total
Company (Dollars in Millions) |
2007 |
2006 |
| Net
Income |
$418.7 |
$337.2 |
| Stockholders’
Equity |
1,991.2 |
$2,129.0 |
| Return on
Common Equity |
21.0% |
15.8% |
| Assets |
$40,290.6 |
$41,481.9 |
| Employees |
6,600 |
6,600 |
| Business Segments (Dollars in Millions) |
2007 |
2006 |
| Great-West Retirement Services |
| Recordkeeping Accounts |
3.5 million |
3.4 million |
| Assets Administered |
$115,587.3 |
$108,999.1 |
| |
| Individual Markets |
| Sales Premium |
$535.2 |
$385.2 |
| Assets Administered |
$17,690.0 |
$16,168.5 |
 |
| GWRS numbers shown reflect all customers: those of FASCore institutional partners, TPA clients and GWRS. Individual Markets numbers shown reflect participating and non-participating policies. All figures as of Dec. 31. |
 |
|
Financial Statement Summary |
| Balance Sheet (Dollars in Millions) |
2007 |
2006 |
| Assets
|
| Bonds |
13,574.3 |
15,310.0 |
| Mortgages |
1,207.2 |
1,338.2 |
| Equities |
29.6 |
28.2 |
| Policy loans |
3,767.9 |
3,797.6 |
| Short-term investments |
472.6 |
961.0 |
| Other investments |
331.1 |
349.6 |
| Total invested assets |
19,382.7 |
21,784.6 |
| Cash |
54.8 |
32.6 |
| Receivables |
682.4 |
888.5 |
| Assets of discontinued operations |
724.8 |
794.8 |
| Other assets |
1,355.9 |
1,691.4 |
| Total General Account |
22,200.6 |
25,191.9 |
| Separate Account assets |
18,090.0 |
16,290.0 |
| Total assets |
40,290.6 |
41,481.9 |
| |
| Liabilities
|
| Policyholder |
18,229.4 |
20,067.6 |
| General |
1,511.5 |
2,392.0 |
| Liabilities of discontinued operations |
468.5 |
603.3 |
| Separate Account |
18,090.0 |
16,290.0 |
| Total liabilities |
38,299.4 |
39,352.9 |
| Stockholders' equity |
1,991.2 |
2,129.0 |
| Total liabilities and equity |
40,290.6 |
41,481.9 |
|
| Statement of Income (Dollars in Millions) |
2007 |
2006 |
| Revenues
|
| Premiums |
(857.3) |
582.5 |
| Fee income |
463.3 |
341.4 |
| Net investment income |
1,139.5 |
1,110.1 |
| Net realized gains (losses) |
(2.0) |
(9.5) |
| Total revenues |
743.5 |
2,024.5 |
| |
| Benefits and Expenses
|
| Policy benefits |
624.4 |
702.3 |
| Increase (decrease) in reserves |
(1,460.5) |
40.4 |
| Interest paid or credited to contractholders |
497.4 |
470.4 |
Provision for policyholders' share of earinings (loss)
on participating business |
20.3
 |
9.1
|
| Policyholder dividends |
93.5 |
98.6 |
| Operating expenses |
609.7 |
447.1 |
| Total benefits and expenses |
384.8 |
1,767.9 |
| Income from continuing operations before income taxes |
358.7
|
256.6
|
| Income tax expense |
118.8 |
72.6 |
| Income from continuing operations |
239.9 |
184.0 |
| Income from discontinued operations |
178.8 |
153.2 |
| Net income |
418.7 |
337.2 |
|
| On April 1, 2008, Great-West completed the sale of its healthcare division. The financial information presented here for 2007 reflects the discontinuance of the healthcare business. The financial information presented for 2006 also has been restated for comparison purposes. |
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