Record Base Earnings and Return on Equity
Great-West Lifeco achieved record base earnings up 15% year-over-year and a base return on equity of 17.7%, highlighting strong financial performance.
Strong Segment Performance
All four business segments showed earnings growth, with double-digit growth in the U.S., Europe, and Capital and Risk Solutions, and mid-single-digit growth in Canada.
Increase in Share Buyback Target
The company announced an increase in its 2025 share buyback target by $500 million to $1.5 billion, reflecting strong cash flow and financial flexibility.
Capital and Risk Solutions Growth
Base earnings for Capital and Risk Solutions rose 20% year-over-year, driven by strong deal closures and a 36% increase in run-rate insurance results.
Empower's Milestone and Growth
Empower's Wealth business crossed USD 100 billion in client assets, and recorded net inflows of USD 3.4 billion, a 43% increase over the previous year.