Great-West Lifeco sees fourth-quarter earnings rise to $740 million
Advertisement
Read this article for free:
or
Already have an account? Log in here »
To continue reading, please subscribe:
Monthly Digital Subscription
$0 for the first 4 weeks*
- Enjoy unlimited reading on winnipegfreepress.com
- Read the E-Edition, our digital replica newspaper
- Access News Break, our award-winning app
- Play interactive puzzles
*No charge for 4 weeks then price increases to the regular rate of $19.00 plus GST every four weeks. Offer available to new and qualified returning subscribers only. Cancel any time.
Monthly Digital Subscription
$4.75/week*
- Enjoy unlimited reading on winnipegfreepress.com
- Read the E-Edition, our digital replica newspaper
- Access News Break, our award-winning app
- Play interactive puzzles
*Billed as $19 plus GST every four weeks. Cancel any time.
To continue reading, please subscribe:
Add Free Press access to your Brandon Sun subscription for only an additional
$1 for the first 4 weeks*
*Your next subscription payment will increase by $1.00 and you will be charged $16.99 plus GST for four weeks. After four weeks, your payment will increase to $23.99 plus GST every four weeks.
Read unlimited articles for free today:
or
Already have an account? Log in here »
Hey there, time traveller!
This article was published 14/02/2024 (660 days ago), so information in it may no longer be current.
WINNIPEG – Great-West Lifeco Inc. says its fourth-quarter net earnings were $740 million, up from $452 million during the same quarter last year.
Net earnings per common share were 79 cents, up from 48 cents for the quarter ended Dec. 31, 2023.
However, though net earnings from continuing operations were also up year over year, they were down for the company’s Canada segment, at $166 million, down from $352 million in 2022.
The company says that stronger base earnings in Canada were partially offset by individual insurance mortalities and favourable 2022 tax impacts that weren’t repeated in 2023.
Great-West also noted a leadership transition as of Friday, with Jon Nielsen becoming chief financial officer and Fabrice Morin becoming president and chief operating officer, Canada.
The company announced a seven per cent increase to its dividend, at 55.5 cents per share.
This report by The Canadian Press was first published Feb. 14, 2024.
Companies in this story: (TSX:GWO)