Great-West Lifeco Inc. (Lifeco) has reported net earnings attributable to common shareholders of $620 million or $0.625 per common share for the three months ended March 31, 2016 compared to $700 million or $0.702 per common share for the same period in 2015.
- Lifeco sales in the first quarter of 2016 of $48.0 billion were up 73% from the same quarter in 2015.
- Lifeco maintained a strong ROE of 14.0%.
- Lifeco’s capital position remained very strong. The Great-West Life Assurance Company reported a Minimum Continuing Capital Surplus Requirements (MCCSR) ratio of 236% at March 31, 2016.
- Lifeco declared a quarterly common dividend of $0.3460 per common share payable June 30, 2016.
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