Latest news with #Great-WestLifecoInc
Winnipeg Free Press
6 days ago
- Business
- Winnipeg Free Press
Great-West Lifeco says Q2 net earnings down 11% but base earnings hit record high
WINNIPEG – Great-West Lifeco Inc. says its second-quarter net earnings dropped 11 per cent from a year ago but its base earnings reached a record high. The Winnipeg-based insurance company says its net earnings for the period ended June 30 amounted to $894 million while its base earnings totalled more than $1.1 billion. Its net earnings from continued operations linked to Canada reached $255 million compared with $373 million a year before. By comparison, the U.S. part of its business had net earnings from continued operations of $305 million compared with $281 million a year prior. The European portion totalled $126 million compared with $231 million a year before. The results came as Great-West Lifeco approved a quarterly dividend of 61 cents per share. This report by The Canadian Press was first published Aug. 6, 2025. Companies in this story: (TSX:GWO)
Cision Canada
24-07-2025
- Business
- Cision Canada
Great-West Lifeco President and CEO David Harney to hold virtual fireside chat with CIBC Capital Markets Français
TORONTO, July 24, 2025 /CNW/ - Great-West Lifeco Inc. (TSX: GWO) announced today that David Harney, President and Chief Executive Officer, Great-West Lifeco will join CIBC Capital Markets analyst, Paul Holden in a virtual fireside chat to discuss the company's second quarter 2025 financial results, on Thursday, August 7, 2025 at 11:00 a.m. ET. The webcast replay will be available following the event on Great-West Lifeco's website, and will be accessible until November 5, 2025. About Great-West Lifeco Inc. Great-West Lifeco is a financial services holding company focused on building stronger, more inclusive and financially secure futures. We operate in Canada, the United States and Europe under the brands Canada Life, Empower and Irish Life. Together we provide wealth, retirement, workplace benefits and insurance and risk solutions to our over 40 million customer relationships. As of March 31, 2025, Great-West Lifeco's total client assets exceeded $3 trillion. Great-West Lifeco trades on the Toronto Stock Exchange (TSX) under the ticker symbol GWO and is a member of the Power Corporation group of companies. To learn more, visit SOURCE Great-West Lifeco Inc.
Cision Canada
22-07-2025
- Business
- Cision Canada
Great-West Lifeco's second quarter 2025 earnings conference call to be held on August 6 Français
WINNIPEG, MB, July 22, 2025 /CNW/ - Great-West Lifeco Inc. (TSX: GWO) will release its 2025 second quarter financial results after market close on Tuesday, August 5, 2025. Earnings Conference Call & Webcast details The second quarter results will be discussed in a conference call and webcast with company management at 8:30 a.m. ET on Wednesday, August 6. The live webcast and presentation materials will be available at Participants may access the call via telephone by dialing 1-833-752-3481 (toll free) or 1-647-846-7232 (if outside Canada or the U.S.). Alternatively, for expediated access, participants may register in advance for the webcast or conference call. A replay will be available following the conference call on our website. About Great-West Lifeco Inc. Great-West Lifeco is a financial services holding company focused on building stronger, more inclusive and financially secure futures. We operate in Canada, the United States and Europe under the brands Canada Life, Empower and Irish Life. Together we provide wealth, retirement, workplace benefits and insurance and risk solutions to our over 40 million customer relationships. As of March 31, 2025, Great-West Lifeco's total client assets exceeded $3 trillion. Great-West Lifeco trades on the Toronto Stock Exchange (TSX) under the ticker symbol GWO and is a member of the Power Corporation group of companies. To learn more, visit
Cision Canada
25-06-2025
- Business
- Cision Canada
Canada Life Reinsurance strengthens focus on structured reinsurance; ceases new business for U.S. traditional mortality risk reinsurance Français
BLUE BELL, Pa., June 25, 2025 /CNW/ - Today, Canada Life Reinsurance, a wholly owned subsidiary of Great-West Lifeco Inc. (TSX: GWO) ("Lifeco") announced some changes to its business strategy. Canada Life Reinsurance will cease new business for its US traditional life mortality risk reinsurance line of business ("U.S. Trad Life"). A key motivation behind this decision is increasing the resources devoted to the structured reinsurance market. Canada Life Reinsurance will continue to focus on providing capital and reserve financing solutions for companies in a wide variety of product lines and geographic locations. For current US Trad Life clients with treaties open for new business, the company will provide notices to terminate new business effective December 31, 2025. The company will work closely with existing clients to provide a smooth transition process for both facultative and automatic new business. Canada Life Reinsurance will continue to manage, process and support all inforce business and clients. "This carefully considered decision will allow Canada Life Reinsurance to focus on our core markets of structured solutions, longevity reinsurance and Catastrophe retrocession," said Jeff Poulin, Executive Vice-President, Reinsurance. "With a large U.S. Trad Life inforce block to manage, our clients will be expecting the same high levels of service that we have been providing. We remain committed to meeting our clients' expectations." About Canada Life Reinsurance Canada Life Reinsurance offers a range of innovative risk and capital management solutions. Operating primarily in the U.S., Barbados, Bermuda and Ireland, the company provides reinsurance to other reinsurers to allow those companies to manage their reinsurance risk. The product portfolio offered includes life, annuity/longevity, mortgage surety and property catastrophe reinsurance, provided on both a proportional and non-proportional basis. Canada Life Reinsurance is a division of The Canada Life Assurance Company and certain of its subsidiaries and affiliates. The Canada Life Assurance Company is a subsidiary of Great-West Lifeco Inc. and a member of the Power Financial Corporation group of companies. About Great-West Lifeco Inc. Great-West Lifeco is a financial services holding company focused on building stronger, more inclusive and financially secure futures. We operate in Canada, the United States and Europe under the brands Canada Life, Empower and Irish Life. Together we provide wealth, retirement, workplace benefits and insurance and risk solutions to over 40 million existing customer relationships. As of December 31, 2024, Great-West Lifeco's total client assets exceeded $3 trillion. Great-West Lifeco trades on the Toronto Stock Exchange (TSX) under the ticker symbol GWO and is a member of the Power Corporation group of companies. To learn more, visit
Yahoo
25-06-2025
- Business
- Yahoo
Canada Life Reinsurance strengthens focus on structured reinsurance; ceases new business for U.S. traditional mortality risk reinsurance
BLUE BELL, Pa., June 25, 2025 /CNW/ - Today, Canada Life Reinsurance, a wholly owned subsidiary of Great-West Lifeco Inc. (TSX: GWO) ("Lifeco") announced some changes to its business strategy. Canada Life Reinsurance will cease new business for its US traditional life mortality risk reinsurance line of business ("U.S. Trad Life"). A key motivation behind this decision is increasing the resources devoted to the structured reinsurance market. Canada Life Reinsurance will continue to focus on providing capital and reserve financing solutions for companies in a wide variety of product lines and geographic locations. For current US Trad Life clients with treaties open for new business, the company will provide notices to terminate new business effective December 31, 2025. The company will work closely with existing clients to provide a smooth transition process for both facultative and automatic new business. Canada Life Reinsurance will continue to manage, process and support all inforce business and clients. "This carefully considered decision will allow Canada Life Reinsurance to focus on our core markets of structured solutions, longevity reinsurance and Catastrophe retrocession," said Jeff Poulin, Executive Vice-President, Reinsurance. "With a large U.S. Trad Life inforce block to manage, our clients will be expecting the same high levels of service that we have been providing. We remain committed to meeting our clients' expectations." About Canada Life Reinsurance Canada Life Reinsurance offers a range of innovative risk and capital management solutions. Operating primarily in the U.S., Barbados, Bermuda and Ireland, the company provides reinsurance to other reinsurers to allow those companies to manage their reinsurance risk. The product portfolio offered includes life, annuity/longevity, mortgage surety and property catastrophe reinsurance, provided on both a proportional and non-proportional basis. Canada Life Reinsurance is a division of The Canada Life Assurance Company and certain of its subsidiaries and affiliates. The Canada Life Assurance Company is a subsidiary of Great-West Lifeco Inc. and a member of the Power Financial Corporation group of companies. About Great-West Lifeco Inc. Great-West Lifeco is a financial services holding company focused on building stronger, more inclusive and financially secure futures. We operate in Canada, the United States and Europe under the brands Canada Life, Empower and Irish Life. Together we provide wealth, retirement, workplace benefits and insurance and risk solutions to over 40 million existing customer relationships. As of December 31, 2024, Great-West Lifeco's total client assets exceeded $3 trillion. Great-West Lifeco trades on the Toronto Stock Exchange (TSX) under the ticker symbol GWO and is a member of the Power Corporation group of companies. To learn more, visit View original content to download multimedia: SOURCE Canada Life Reinsurance View original content to download multimedia: Sign in to access your portfolio
