October 31, 2018
3rd Quarter 2018 Results
Great-West Lifeco reports third quarter 2018 net earnings of $689 million, up 19%, adjusted net earnings of $745 million, up 28%, from the third quarter of 2017
Great-West Lifeco Inc. announced net earnings attributable to common shareholders (net earnings) of $689 million or $0.697 per common share for the third quarter of 2018 compared to $581 million or $0.587 per common share for the same quarter last year.
“The Company’s operating performance was solid in the third quarter with strong sales growth, particularly in Europe,” said Paul Mahon, President and Chief Executive Officer, Great-West Lifeco. “Our investments in customer experience and operational efficiency are yielding meaningful results and our strong capital position allows us to act on opportunities that support our strategic objectives.”
Highlights – In Quarter
- Sales of $34.4 billion up 17%
- Fee and other income of $1.5 billion up 6%
- Capital strength and financial flexibility maintained
- Consolidated assets under administration of over $1.4 trillion
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