Life & Banc Split Corp Net Assets
Life & Banc Split Corp net assets. Based on the latest financial reports, Life & Banc Split Corp (LBS) has net assets worth CA$672.71 Million CAD (≈ $486.63 Million USD) as of December 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (CA$1.21 Billion ≈ $872.02 Million USD) and total liabilities (CA$532.76 Million ≈ $385.39 Million USD). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off. Also explore LBS net assets growth trend to track the company's year-over-year net asset growth rate.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | CA$672.71 Million |
| % of Total Assets | 55.81% |
| Annual Growth Rate | 6.92% |
| 5-Year Change | 123.52% |
| 10-Year Change | 276.26% |
| Growth Volatility | 41.94 |
Net Assets of Life & Banc Split Corp (2006–2025)
Net assets of Life & Banc Split Corp from 2006 to 2025. This chart illustrates how Life & Banc Split Corp's net assets have evolved over time, based on quarterly financial data. See Life & Banc Split Corp balance sheet independence to measure how much of total assets are equity-financed.
Annual Net Assets for Life & Banc Split Corp (2006–2025)
The table below shows the annual net assets of Life & Banc Split Corp from 2006 to 2025. For live market cap and overall valuation, see Life & Banc Split Corp (LBS) total market value.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | CA$672.71 Million ≈ $486.63 Million |
+47.01% |
| 2024-12-31 | CA$457.59 Million ≈ $331.01 Million |
+47.75% |
| 2023-12-31 | CA$309.70 Million ≈ $224.04 Million |
+25.25% |
| 2022-12-31 | CA$247.27 Million ≈ $178.87 Million |
-17.84% |
| 2021-12-31 | CA$300.96 Million ≈ $217.71 Million |
+72.88% |
| 2020-12-31 | CA$174.09 Million ≈ $125.93 Million |
-19.79% |
| 2019-12-31 | CA$217.03 Million ≈ $157.00 Million |
+41.78% |
| 2018-12-31 | CA$153.08 Million ≈ $110.73 Million |
-31.41% |
| 2017-12-31 | CA$223.16 Million ≈ $161.43 Million |
+24.82% |
| 2016-12-31 | CA$178.79 Million ≈ $129.33 Million |
+30.53% |
| 2015-12-31 | CA$136.97 Million ≈ $99.08 Million |
-5.76% |
| 2014-12-31 | CA$145.34 Million ≈ $105.14 Million |
+3.19% |
| 2013-12-31 | CA$140.86 Million ≈ $101.89 Million |
+64.64% |
| 2012-12-31 | CA$85.55 Million ≈ $61.89 Million |
+25.91% |
| 2011-12-31 | CA$67.95 Million ≈ $49.15 Million |
-22.53% |
| 2010-12-31 | CA$87.70 Million ≈ $63.44 Million |
-0.92% |
| 2009-12-31 | CA$88.52 Million ≈ $64.03 Million |
+108.77% |
| 2008-12-31 | CA$42.40 Million ≈ $30.67 Million |
-72.10% |
| 2007-12-31 | CA$151.98 Million ≈ $109.94 Million |
-19.45% |
| 2006-12-31 | CA$188.66 Million ≈ $136.48 Million |
-- |
Equity Component Analysis
This analysis shows how different components contribute to Life & Banc Split Corp's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have decreased by 100.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Life & Banc Split Corp Net Assets Breakdown (December 2025)
Life & Banc Split Corp net assets breakdown by equity component as of December 2025.
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | CA$672.71 Million | 100.00% |
| Other Components | CA$3.00 | 0.00% |
| Total Equity | CA$672.71 Million | 100.00% |
Life & Banc Split Corp Competitors by Market Cap
The table below lists competitors of Life & Banc Split Corp ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Niutech Environment Technology Corp
SHG:688309
|
$629.16 Million |
|
Sigma Lithium Resources Corp
V:SGML
|
$629.39 Million |
|
Zhuhai Port Co Ltd
SHE:000507
|
$629.86 Million |
|
Beijing WKW Automotive Parts Co Ltd
SHE:002662
|
$629.96 Million |
|
Jiangsu Huaxicun Co Ltd
SHE:000936
|
$628.81 Million |
|
Lg Electronics Pref
KO:066575
|
$628.75 Million |
|
JNTC Co. Ltd
KQ:204270
|
$628.69 Million |
|
BCI Minerals Limited
F:BC3
|
$628.64 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Life & Banc Split Corp's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 457,587,090 to 672,711,243, a change of 215,124,153 (47.0%).
- Net income of 270,334,643 contributed positively to equity growth.
- Dividend payments of 57,118,680 reduced retained earnings.
- Share repurchases of 3,025,846 reduced equity.
- New share issuances of 58,868,547 increased equity.
- Other factors decreased equity by 53,934,511.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CA$270.33 Million | +40.19% |
| Dividends Paid | CA$57.12 Million | -8.49% |
| Share Repurchases | CA$3.03 Million | -0.45% |
| Share Issuances | CA$58.87 Million | +8.75% |
| Other Changes | CA$-53.93 Million | -8.02% |
| Total Change | CA$- | 47.01% |
Book Value vs Market Value Analysis
This analysis compares Life & Banc Split Corp's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 1.00x
- The company is trading above its book value, indicating the market recognizes value beyond its reported assets.
- The price-to-book ratio has increased from 0.83x to 1.00x over the analyzed period, suggesting growing market confidence.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2006-12-31 | CA$15.81 | CA$13.06 | x |
| 2007-12-31 | CA$12.73 | CA$13.06 | x |
| 2008-12-31 | CA$3.73 | CA$13.06 | x |
| 2009-12-31 | CA$8.18 | CA$13.06 | x |
| 2010-12-31 | CA$8.63 | CA$13.06 | x |
| 2011-12-31 | CA$5.25 | CA$13.06 | x |
| 2012-12-31 | CA$6.27 | CA$13.06 | x |
| 2013-12-31 | CA$10.24 | CA$13.06 | x |
| 2014-12-31 | CA$9.58 | CA$13.06 | x |
| 2015-12-31 | CA$8.04 | CA$13.06 | x |
| 2016-12-31 | CA$9.74 | CA$13.06 | x |
| 2017-12-31 | CA$11.53 | CA$13.06 | x |
| 2018-12-31 | CA$5.68 | CA$13.06 | x |
| 2019-12-31 | CA$8.06 | CA$13.06 | x |
| 2020-12-31 | CA$6.39 | CA$13.06 | x |
| 2021-12-31 | CA$10.15 | CA$13.06 | x |
| 2022-12-31 | CA$7.49 | CA$13.06 | x |
| 2023-12-31 | CA$7.94 | CA$13.06 | x |
| 2024-12-31 | CA$10.30 | CA$13.06 | x |
| 2025-12-31 | CA$13.06 | CA$13.06 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Life & Banc Split Corp utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 40.19%
- The company demonstrates strong efficiency in generating profits from shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 388.77%
- • Asset Turnover: 0.06x
- • Equity Multiplier: 1.79x
- Recent ROE (40.19%) is above the historical average (5.84%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2006 | 14.20% | 1358.81% | 0.01x | 1.65x | CA$7.93 Million |
| 2007 | -8.71% | -141.72% | 0.03x | 1.78x | CA$-28.43 Million |
| 2008 | -227.51% | -1021.68% | 0.06x | 3.70x | CA$-100.71 Million |
| 2009 | 76.90% | 756.49% | 0.05x | 2.17x | CA$59.22 Million |
| 2010 | 16.59% | 191.61% | 0.04x | 2.23x | CA$5.78 Million |
| 2011 | -41.78% | -307.47% | 0.04x | 3.05x | CA$-35.18 Million |
| 2012 | 43.31% | 98.25% | 0.17x | 2.64x | CA$28.50 Million |
| 2013 | 45.47% | 97.08% | 0.22x | 2.10x | CA$49.96 Million |
| 2014 | 20.57% | 97.24% | 0.10x | 2.07x | CA$15.36 Million |
| 2015 | -6.29% | 0.00% | -0.02x | 2.37x | CA$-22.32 Million |
| 2016 | 40.52% | 98.75% | 0.20x | 2.05x | CA$54.56 Million |
| 2017 | 18.19% | 94.24% | 0.09x | 2.04x | CA$18.29 Million |
| 2018 | -40.95% | 0.00% | -0.14x | 2.73x | CA$-78.00 Million |
| 2019 | 46.14% | 98.34% | 0.20x | 2.29x | CA$78.44 Million |
| 2020 | -8.08% | 0.00% | -0.03x | 2.58x | CA$-31.48 Million |
| 2021 | 51.89% | 99.08% | 0.26x | 2.02x | CA$126.08 Million |
| 2022 | -18.81% | 0.00% | -0.07x | 2.46x | CA$-71.23 Million |
| 2023 | 18.74% | 136.27% | 0.06x | 2.36x | CA$27.06 Million |
| 2024 | 36.14% | 409.65% | 0.04x | 2.05x | CA$119.59 Million |
| 2025 | 40.19% | 388.77% | 0.06x | 1.79x | CA$203.06 Million |
Industry Comparison
This section compares Life & Banc Split Corp's net assets metrics with peer companies in the Asset Management industry.
Industry Context
- Industry: Asset Management
- Average net assets among peers: $17,012,400,815
- Average return on equity (ROE) among peers: 9.03%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Life & Banc Split Corp (LBS) | CA$672.71 Million | 14.20% | 0.79x | $628.85 Million |
| Aberdeen International Inc. (AAB) | $28.67 Million | 6.52% | 0.06x | $1.74 Million |
| Base Carbon Inc. (BCBN) | $52.38 Million | -2.92% | 0.01x | $41.59 Million |
| Canadian Banc Corp (BK) | $98.80 Million | 12.59% | 0.84x | $524.68 Million |
| Brookfield Corporation (BN) | $165.38 Billion | 0.39% | 1.97x | $92.30 Billion |
| Sprott Physical Gold and Silver Trust (CEF) | $541.00 Million | 7.88% | 0.00x | $6.99 Billion |
| Canadian General Investments Ltd (CGI) | $1.16 Billion | 15.01% | 0.15x | $763.28 Million |
| CI Financial Corp (CIX) | $1.90 Billion | 29.18% | 0.74x | $3.32 Billion |
| Culico Metals Inc. (CLCO) | $0.00 | 0.00% | 0.00x | $23.65 Million |
| Clairvest Group Inc. (CVG) | $234.44 Million | 5.47% | 0.29x | $842.02 Million |
| Cymbria Corporation (CYB) | $728.31 Million | 16.15% | 0.06x | $1.15 Billion |
About Life & Banc Split Corp
Life & Banc Split Corp. is a closed-ended equity mutual fund launched and managed by Brompton Funds Limited. The fund invests in the public equity markets of Canada. It seeks to invest in stocks of companies operating across banking and life insurance sector. The fund primarily invests in the stocks of the six largest banks of the country, as well as of life insurance companies, utilizing a split… Read more