August 1, 2018
2nd Quarter 2018 Results
Great-West Lifeco reports second quarter 2018 net earnings of $831 million, up 17% from adjusted net earnings in the second quarter of 2017
Great-West Lifeco Inc. announced net earnings attributable to common shareholders (net earnings) of $831 million or $0.839 per common share for the second quarter of 2018 compared to $585 million or $0.591 per common share for the same quarter last year.
“The Company saw solid operating performances and strong earnings growth in the second quarter”, said Paul Mahon, President and Chief Executive Officer, Great-West Lifeco. “We are accelerating investments in digital to drive customer experience and operational effectiveness and taking strategic actions across our businesses to bolster growth in core markets.”
Highlights – In Quarter
- Sales of $33.1 billion up 32%
- Fee and other income of $1.5 billion up 4%
- Capital strength and financial flexibility maintained
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