TD Bank 2012 Annual Report Download - page 29

Download and view the complete annual report

Please find page 29 of the 2012 TD Bank annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.

Page out of 196

  • 1
  • 2
  • 3
  • 4
  • 5
  • 6
  • 7
  • 8
  • 9
  • 10
  • 11
  • 12
  • 13
  • 14
  • 15
  • 16
  • 17
  • 18
  • 19
  • 20
  • 21
  • 22
  • 23
  • 24
  • 25
  • 26
  • 27
  • 28
  • 29
  • 30
  • 31
  • 32
  • 33
  • 34
  • 35
  • 36
  • 37
  • 38
  • 39
  • 40
  • 41
  • 42
  • 43
  • 44
  • 45
  • 46
  • 47
  • 48
  • 49
  • 50
  • 51
  • 52
  • 53
  • 54
  • 55
  • 56
  • 57
  • 58
  • 59
  • 60
  • 61
  • 62
  • 63
  • 64
  • 65
  • 66
  • 67
  • 68
  • 69
  • 70
  • 71
  • 72
  • 73
  • 74
  • 75
  • 76
  • 77
  • 78
  • 79
  • 80
  • 81
  • 82
  • 83
  • 84
  • 85
  • 86
  • 87
  • 88
  • 89
  • 90
  • 91
  • 92
  • 93
  • 94
  • 95
  • 96
  • 97
  • 98
  • 99
  • 100
  • 101
  • 102
  • 103
  • 104
  • 105
  • 106
  • 107
  • 108
  • 109
  • 110
  • 111
  • 112
  • 113
  • 114
  • 115
  • 116
  • 117
  • 118
  • 119
  • 120
  • 121
  • 122
  • 123
  • 124
  • 125
  • 126
  • 127
  • 128
  • 129
  • 130
  • 131
  • 132
  • 133
  • 134
  • 135
  • 136
  • 137
  • 138
  • 139
  • 140
  • 141
  • 142
  • 143
  • 144
  • 145
  • 146
  • 147
  • 148
  • 149
  • 150
  • 151
  • 152
  • 153
  • 154
  • 155
  • 156
  • 157
  • 158
  • 159
  • 160
  • 161
  • 162
  • 163
  • 164
  • 165
  • 166
  • 167
  • 168
  • 169
  • 170
  • 171
  • 172
  • 173
  • 174
  • 175
  • 176
  • 177
  • 178
  • 179
  • 180
  • 181
  • 182
  • 183
  • 184
  • 185
  • 186
  • 187
  • 188
  • 189
  • 190
  • 191
  • 192
  • 193
  • 194
  • 195
  • 196

TD BANK GROUP ANNUAL REPORT 2012 MANAGEMENT’S DISCUSSION AND ANALYSIS 27
(millions of Canadian dollars) 2012 2011
Direct investing $ 793 $ 893
Advice-based 1,101 1,056
Asset management 876 830
Insurance 1,249 1,261
Total Wealth and Insurance $ 4,019 $ 4,040
BUSINESS SEGMENT ANALYSIS
Wealth and Insurance
Wealth and Insurance comprises the Bank’s Wealth Management and Insurance businesses globally. Through our
Direct Investing, Advice-based, and Asset Management businesses, TD Wealth helps individual and institutional
clients protect, grow and successfully transition their wealth. TD Insurance provides advice and insurance solutions
to protect Canadians through a full suite of home, auto, creditor, travel, life and health products.
1 Assets under management: Assets owned by customers, managed by the Bank,
where the Bank makes investment selections on behalf of the client (in accordance
with an investment policy). In addition to the TD family of mutual funds, the Bank
manages assets on behalf of individuals, pension funds, corporations, institutions,
endowments and foundations.
2 Assets under administration: Assets owned by customers where the Bank provides
services of an administrative nature, such as the collection of investment income
and the placing of trades on behalf of the clients (where the client has made their
own investment selection).
3 Excludes the Bank’s investment in TD Ameritrade.
4 Certain revenue lines are presented net of internal transfers.
REVENUE3,4
TABLE 18
1,200
$1,600
800
400
0
NET INCOME
(millions of Canadian dollars)
11 12
3,000
$4,000
2,000
1,000
0
11 12
GROSS ORIGINATED
INSURANCE PREMIUMS
(millions of Canadian dollars)
$207
Assets under
Management
$258
Assets under
Administration
ASSETS UNDER MANAGEMENT AND
ASSETS UNDER ADMINISTRATION1,2
(billions of Canadian dollars)
Assets under management
Assets under administration
0
50
100
150
200
250
11 12 11 12
$300
$1,367 $3,572