Canada's Great-West Lifeco Q4 base earnings rises, dividend up 10%
Overview
Canada financial services firm's Q4 base earnings rose 12% yr/yr
Net earnings for Q4 decreased 6% compared to Q4 2024
Company increased quarterly dividend by 10% and repurchased C$1.6 bln shares in 2025
Outlook
Great-West Lifeco expects positive net plan flows in Empower Retirement for 2026
Company plans to repurchase up to 20 million shares under renewed NCIB
Result Drivers
ASSET GROWTH - Higher assets from market growth and momentum in Retirement and Wealth segments, particularly at Empower, drove base earnings increase
U.S. SEGMENT PERFORMANCE - U.S. segment base earnings rose 17% due to higher fee and spread income and favourable tax adjustments
CAPITAL SOLUTIONS DEMAND - Capital and Risk Solutions base earnings up 13% due to strong demand for capital solutions
Key Details
Metric | Beat/Miss | Actual | Consensus Estimate |
Q4 Base EPS |
| C$1.36 |
|
Q4 Net Income |
| C$1.05 bln |
|
Q4 Base ROE |
| 18.20% |
|
Q4 Dividend |
| C$0.67 |
|
Press Release: ID:nCNWQ2x4Sa
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