WINNIPEG, MB, Feb. 14, 2024
| This earnings news release for Great-West Lifeco Inc. should be read in conjunction with the Company's Management Discussion & Analysis (MD&A) and Consolidated Financial Statements for the periods ended December 31, 2023, prepared in accordance with International Financial Reporting Standards (IFRS) as issued by the International Accounting Standards Board unless otherwise noted. These reports are available on greatwestlifeco.com under Financial Reports. Additional information relating to Great-West Lifeco is available on sedarplus.com. Readers are referred to the cautionary notes regarding Forward-Looking Information and Non-GAAP Financial Measures and Ratios at the end of this release. All figures are expressed in millions of Canadian dollars, unless otherwise noted. |
TSX : GWO
- Base earnings of $971 million, or $1.04 per share, up 9% from Q4 2022.
- Full year base earnings of $3.7 billion, up 11% over 2022; Empower surpasses $1 billion base earnings.
- Net earnings from continuing operations of $743 million or $0.80 per share, up 55% over Q4 2022.
- Full year net earnings from continuing operations of $2.9 billion.
- Company strategically repositioned for future growth.
WINNIPEG, MB, Feb. 14, 2024 /CNW/ - Great-West Lifeco Inc. (Lifeco or the Company) today announced its fourth quarter 2023 results.
"Our continued strong performance is supported by a solid foundation of diversified businesses and the disciplined actions we've taken to reposition our portfolio," said Paul Mahon, President and CEO, Great-West Lifeco. "We've delivered back-to-back quarters with record base earnings per share, while at the same time positioning the Company for future growth."