May 1, 2024
Great-West Lifeco reports $960 million net earnings in first quarter of 2024
The Canadian Press
Great-West Lifeco Inc. says it earned $960 million in the first quarter, up from $595 million a year earlier.
The Winnipeg-based company says it exceeded $1 billion in quarterly base earnings for the first time, building on strong momentum from 2023.
Net earnings per common share were $1.03, up from 64 cents during the same quarter last year.
The company says base earnings from its Canadian segment were $302 million, up from $278 million last year.
Meanwhile, base earnings in the U.S. rose to $286 million from $218 million.
Base earnings in the Europe segment were $204 million, up from $178 million.
This report by The Canadian Press was first published May 1, 2024.
