POWER MOVE

Power Corp. of Canada rose five spots to No. 4, leapfrogging both Royal Bank of Canada and Toronto-dominion Bank, as the Montreal-based financial firm’s revenues jumped 32.3% to $64.6 billion. The growth wasn’t due to a massive expansion or acquisition, but rather higher net premium income of $43 billion in 2020, compared to $24.5 billion in 2019, from its Great-west Lifeco Inc. subsidiary. Combine that with solid investment income of $12.1 billion and Power Corp. has made a power move. As an aside, the firm has been ranked in the FP500’S top five every year since the 2006 ranking except for 2013, 2018 and 2019, but it has yet to be No. 1.