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.
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