Great-West Lifeco Reports Q3 Results with Record Base ROE
Great-West Lifeco (GWLIF) reported strong third-quarter financial results, highlighted by an 11% year-over-year increase in base earnings per share (EPS) to $1.48. Net EPS saw a modest growth of 2%, reaching $1.27 for the period. The company achieved a record high base Return on Equity (ROE) of 19.4%, aligning with its medium-term objective of maintaining levels above 19%. Additionally, Great-West Lifeco demonstrated capital strength with a LICAT ratio of 127% and continued its shareholder return program by repurchasing $340 million in common shares.
Tickers: $GWLIF
Topics: capital adequacy earnings report EPS ROE share buyback