Add as a preferred source on GoogleGreat-West Lifeco’s U.S. Base Earnings Rose 15% in Q3 2026
Groupwide base earnings per share climbed 11% to C$1.48, while net earnings slipped to C$1.139 billion from C$1.158 billion.
Great-West Lifeco’s U.S. segment generated US$364 million (C$510 million) in base earnings for the quarter ended Sept. 30, up 15% from a year earlier, as groupwide base earnings and per-share results also increased.
Great-West Lifeco released its third-quarter results Nov. 4. Groupwide base earnings totaled C$1.323 billion, compared with C$1.225 billion a year earlier. Base earnings per share rose 11% to C$1.48.
Net earnings were C$1.139 billion, down from C$1.158 billion. Net earnings per share increased to C$1.27 from C$1.25.
The U.S. segment recorded US$321 million (C$451 million) in net earnings. Its base earnings reflected higher fee income amid stronger markets, positive net plan inflows in Retirement, net inflows in Wealth and operating leverage. The base earnings included US$21 million in one-time post-tax fees, offset by elevated credit impacts.
John Kim
John Kim reports on the digital-asset business for TokenPost. Send corrections or tips to info@tokenpost.com.