Great-West Lifeco adjusts net earnings

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On Thursday Great-West Lifeco Inc. reported adjusted net earnings for 2017 of $2.65 billion compared to $2.68 billion in 2016.

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Hey there, time traveller!
This article was published 08/02/2018 (2240 days ago), so information in it may no longer be current.

On Thursday Great-West Lifeco Inc. reported adjusted net earnings for 2017 of $2.65 billion compared to $2.68 billion in 2016.

Premiums and deposits for the year were $123.15 billion compared to $117.5 billion in 2016.

The company declared a quarterly common dividend of $0.3890 per common share, a six per cent increase from the previous quarter.

“The Company’s operating performance was solid in the fourth quarter reflecting strong top-line results and controlled expense growth,” said Paul Mahon, president and CEO, Great-West Lifeco. “Strategic actions taken in the quarter and throughout the year, including transformation initiatives in Canada and tuck-in acquisitions and investments across our geographies, set the stage for stronger future earnings growth.”

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