WINNIPEG – Great-West Lifeco Inc. says it earned $1.1 billion in the fourth quarter of 2024, up from $740 million a year earlier.
The Winnipeg, Man.-based insurer raised its dividend and said it intends to repurchase additional common shares in 2025.
The company raised the quarterly dividend by 10 per cent to 61 cents per common share.
Net earnings per common share were $1.20, up from 79 cents during the same quarter last year.
Adjusted earnings, or what Great-West calls base earnings, were $1.1 billion, up from $971 billion.
The company reported a base return on equity of 17.5 per cent, up from 16.6 per cent a year earlier.
This report by The Canadian Press was first published Feb. 5, 2025.
Companies in this story: (TSX:GWO)
