News Formal

Great-West Lifeco sees net earnings drop, base earnings rise in first quarter

  • 📰 globeandmail
  • ⏱ Reading Time:
  • 21 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 12%
  • Publisher: 92%

Canada News News

Canada Canada Latest News,Canada Canada Headlines

Great-West Lifeco attributed the decline in net earnings in part to losses in non-fixed income assets and effects from changing interest rates

says net earnings for its first quarter were $595-million, down more than 55 per centfrom $1.3-billion a year earlier.

The Winnipeg-based insurer says base earnings for the quarter ended March 31 were $808-million, up more than 13 per cent from $712-million the same quarter a year ago.The company attributed the decline in net earnings in part to losses in non-fixed income assets and effects from changing interest rates.Great-West Lifeco acquired the retirement business of Prudential Financial Inc. in April 2022.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 5. in CA
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Canada Canada Latest News, Canada Canada Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Great-West Lifeco sees net earnings drop, base earnings rise in first quarter - BNN BloombergGreat-West Lifeco Inc. says net earnings for its first quarter were $595 million, down more than 55 per cent from $1.3 billion a year earlier.
Source: BNNBloomberg - 🏆 83. / 50 Read more »