Table 1: Consolidated Operating Results by Segment
   
Investors Group
 
Mackenzie
Corporate & Other
 
Total
($ Millions)  
2002
  
2001
  
2002
2001
  
2002
  
2001
  
2002
  
2001
Fee Income  
$ 1,029.6
  
$ 1,091.7
  
$   783.6
  
$   535.2
  
$         -
  
$         -
  
$ 1,813.2
  
$ 1,626.9
Net Investment Income and other  
100.5
  
76.8
  
17.9
  
14.4
  
8.5
  
42.5
  
126.9
  
133.7
 
   
1,130.1
  
1,168.5
  
801.5
  
549.6
  
8.5
  
42.5
  
1,940.1
  
1,760.6
 
Operating expenses                                
Commissions      
  
195.3
  
278.3
  
302.2
  
212.4
  
-
  
-
  
497.5
  
490.7
Non-Commission
  
254.3
  
300.3
  
281.1
  
203.3
  
-
  
-
  
535.4
  
503.6
 
   
449.6
  
578.6
  
583.3
  
415.7
  
-
  
-
  
1,032.9
  
994.3
 
Earnings before interest and taxes  
$    680.5
  
$    589.9
  
$    218.2
  
$    133.9
  
$      8.5
  
$      42.5
  
907.2
  
766.3
 
       
Interest expense
79.5
  
73.2
Restructuring costs
-
  
95.6
 
Income before income taxes, non-controlling interest, goodwill amortization and discontinued operations
827.7
  
597.5
Income taxes
317.4
  
252.5
 
 
510.3
  
345.0
Non-controlling interest
0.3
  
0.1
 
Income before goodwill amortization and discontinued operations
510.0
  
344.9
Goodwill amortization, net of tax
-
  
72.0
 
Income before discontinued operations
510.0
  
272.9
Discontinued operations
1.8
  
0.1
 
Net income
511.8
  
273.0
Preferred dividends
20.7
  
13.3
 
Net income available to common shareholders  
$   491.1
  
$    259.7