Advertisement
Canada markets closed

  • S&P/TSX

    20,452.87
    +216.57 (+1.07%)
     

  • S&P 500

    4,594.63
    +26.83 (+0.59%)
     

  • DOW

    36,245.50
    +294.60 (+0.82%)
     

  • CAD/USD

    0.7406
    -0.0003 (-0.05%)
     

  • CRUDE OIL

    74.66
    +0.59 (+0.80%)
     

  • Bitcoin CAD

    54,316.39
    +961.71 (+1.80%)
     

  • CMC Crypto 200

    802.76
    +11.20 (+1.41%)
     

  • GOLD FUTURES

    2,120.70
    +31.00 (+1.48%)
     

  • RUSSELL 2000

    1,862.64
    +53.62 (+2.96%)
     

  • 10-Yr Bond

    4.2260
    -0.1260 (-2.90%)
     

  • NASDAQ futures

    15,979.25
    -44.50 (-0.28%)
     

  • VOLATILITY

    12.63
    -0.29 (-2.24%)
     

  • FTSE

    7,529.35
    +75.60 (+1.01%)
     

  • NIKKEI 225

    33,160.95
    -270.56 (-0.81%)
     

  • CAD/EUR

    0.6809
    +0.0005 (+0.07%)
     

Great-West Lifeco sees base earnings rise in third quarter to $950 million

The Canadian Press
·1 min read

WINNIPEG — Great-West Lifeco Inc. says its base earnings for the third quarter were $950 million, up from $809 million a year earlier.

The company attributed the increase primarily to business growth, as well as higher average equity markets and interest rates.

Great-West Lifeco says its net earnings attributable to common shareholders were $905 million in the third quarter, down from $987 million during the same quarter last year.

Net earnings per diluted share were 97 cents, down from $1.06 a year earlier.

The company says base earnings from its Canadian segment were $296 million, down from $340 million a year earlier.

Meanwhile, base earnings in the U.S. increased slightly to $262 million, while earnings rose in Europe to $206 million.

This report by The Canadian Press was first published Nov. 8, 2023.

Companies in this story: (TSX:GWO)

The Canadian Press