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Great-West Lifeco Inc (GWO.TO)

GWO.TO on Toronto Stock Exchange

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Latest Key Developments (Source: Significant Developments)

Great-West Lifeco Announces Preliminary Results Of Substantial Issuer Bid
Monday, 15 Apr 2019 

April 15 (Reuters) - Great-West Lifeco Inc ::GREAT-WEST LIFECO ANNOUNCES PRELIMINARY RESULTS OF SUBSTANTIAL ISSUER BID.GREAT-WEST LIFECO INC - PRELIMINARY RESULTS OF OFFER TO REPURCHASE FOR CANCELLATION UP TO $2.0 BILLION OF ITS COMMON SHARES FROM SHAREHOLDERS FOR CASH.GREAT-WEST LIFECO INC - OFFER EXPIRED AT 11:59 P.M. (EASTERN TIME) ON APRIL 12, 2019..GREAT-WEST LIFECO INC - EXPECTS TO TAKE UP AND PURCHASE FOR CANCELLATION 59.7 MILLION SHARES AT A PURCHASE PRICE OF $33.50 PER SHARE.GREAT-WEST LIFECO INC - POWER FINANCIAL'S OWNERSHIP IN CO IS EXPECTED TO DECREASE FROM ABOUT 67.8% TO ABOUT 66.8% FOLLOWING COMPLETION OF OFFER.GREAT-WEST LIFECO INC - IGM'S INDIRECT OWNERSHIP IN COMPANY IS EXPECTED TO REMAIN AT 4% FOLLOWING COMPLETION OF OFFER.  Full Article

Great-West Lifeco Says Its Canadian Cos Are Moving To One Brand
Wednesday, 3 Apr 2019 

April 3 (Reuters) - Great-West Lifeco Inc ::GREAT-WEST LIFECO ANNOUNCES ITS CANADIAN COMPANIES ARE MOVING TO ONE BRAND - CANADA LIFE.GREAT-WEST LIFECO - CANADA LIFE WILL BECOME BRAND UNDER WHICH ORGANIZATION WILL DELIVER PRODUCTS AND SERVICES IN CANADA ACROSS ALL LINES OF BUSINESS.GREAT-WEST LIFECO - GREAT-WEST LIFE ASSURANCE CO, LONDON LIFE INSURANCE CO & CANADA LIFE ASSURANCE CO ARE MOVING TO ONE BRAND IN CANADA - CANADA LIFE.GREAT-WEST LIFECO INC - ANNOUNCES PLANS TO AMALGAMATE ITS LEGAL STRUCTURES.  Full Article

Power Financial Announces Intention To Repurchase Up To $1.65 Bln Of Its Common Shares
Monday, 4 Mar 2019 

March 4 (Reuters) - Power Financial Corp ::POWER FINANCIAL ANNOUNCES INTENTION TO REPURCHASE UP TO $1.65 BILLION OF ITS COMMON SHARES THROUGH A SUBSTANTIAL ISSUER BID.POWER FINANCIAL CORP - PFC OFFER WILL PROCEED BY WAY OF A MODIFIED DUTCH AUCTION.POWER FINANCIAL CORP - POWER FINANCIAL EXPECTS ITS OWNERSHIP IN GREAT-WEST WILL BE MARGINALLY REDUCED.  Full Article

Great-West Lifeco Announces Substantial Issuer Bid For Up To $2 Bln Of Its Common Shares
Monday, 4 Mar 2019 

March 4 (Reuters) - Great-West Lifeco Inc ::GREAT-WEST LIFECO ANNOUNCES SUBSTANTIAL ISSUER BID FOR UP TO $2 BILLION OF ITS COMMON SHARES.GREAT-WEST LIFECO INC - GREAT-WEST LIFECO WILL OFFER TO REPURCHASE FOR CANCELLATION UP TO $2 BILLION OF ITS COMMON SHARES FROM SHAREHOLDERS FOR CASH.GREAT-WEST LIFECO INC - POWER FINANCIAL INTENDS TO SUPPORT COMPANY THROUGH ITS PARTICIPATION IN OFFER BY TENDERING A SIGNIFICANT PORTION OF ITS SHARES.  Full Article

Great-West Lifeco Appoints Edmund Murphy III As President, CEO Of U.S. Unit
Thursday, 7 Feb 2019 

Feb 7 (Reuters) - Great-West Lifeco Inc ::GREAT-WEST LIFECO APPOINTS EDMUND F. MURPHY III AS PRESIDENT AND CEO OF GREAT-WEST LIFE & ANNUITY INSURANCE COMPANY.ROBERT L. REYNOLDS NAMED CHAIR OF GREAT-WEST LIFECO U.S..REYNOLDS WILL REMAIN IN HIS ROLE AS PRESIDENT, CEO OF GREAT-WEST LIFECO'S U.S. ASSET MANAGEMENT BUSINESS, PUTNAM INVESTMENTS.  Full Article

Great-West Lifeco Inc Says May Purchase Up To 20.0 Mln Common Shares
Tuesday, 29 Jan 2019 

Jan 28 (Reuters) - Great-West Lifeco Inc ::GREAT-WEST LIFECO INC SAYS MAY PURCHASE UP TO 20.0 MILLION COMMON SHARES, REPRESENTING ABOUT 2% OF ISSUED AND OUTSTANDING COMMON SHARES.  Full Article

Great-West Lifeco To Sell U.S. Individual Life Insurance And Annuity Business
Thursday, 24 Jan 2019 

Jan 24 (Reuters) - Great-West Lifeco Inc ::PRESS RELEASE - GREAT-WEST LIFECO TO SELL U.S. INDIVIDUAL LIFE INSURANCE AND ANNUITY BUSINESS.GREAT-WEST LIFECO INC - DEAL FOR US$1.2 BILLION.GREAT-WEST LIFECO - EXPECTS TO RECOGNIZE AT CLOSING AN IFRS BOOK VALUE LOSS RELATED TO DEAL OF ABOUT US$70 MILLION AND DEAL COSTS OF US$57 MILLION.GREAT-WEST LIFECO - TO SELL, VIA REINSURANCE, SUBSTANTIALLY ALL OF INDIVIDUAL LIFE INSURANCE AND ANNUITY BUSINESS TO PROTECTIVE LIFE INSURANCE COMPANY.GREAT-WEST LIFECO - GWL&A WILL RETAIN SMALL BLOCK OF PARTICIPATING LIFE INSURANCE POLICIES WHICH WILL BE ADMINISTERED BY PROTECTIVE AFTER DEAL CLOSE.  Full Article

Great-West Lifeco Q3 Adjusted EPS C$0.754 Excluding Items
Thursday, 1 Nov 2018 

Oct 31 (Reuters) - Great-West Lifeco Inc ::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.Q3 ADJUSTED EARNINGS PER SHARE C$0.754 EXCLUDING ITEMS.Q3 EARNINGS PER SHARE VIEW C$0.75 -- THOMSON REUTERS I/B/E/S.Q3 EARNINGS PER SHARE C$0.697.QTRLY SALES OF $34.4 BILLION UP 17%.CONSOLIDATED ASSETS UNDER ADMINISTRATION AT SEPTEMBER 30, 2018 WERE OVER $1.4 TRILLION, A 7% INCREASE FROM DECEMBER 31, 2017.  Full Article

Great-West Lifeco Says Subsidiary Irish Life Completes Acquisition In Invesco
Thursday, 9 Aug 2018 

Aug 9 (Reuters) - Great-West Lifeco Inc ::GREAT-WEST LIFECO INC - TERMS OF TRANSACTION WERE NOT DISCLOSED..GREAT-WEST LIFECO INC - TRANSACTION IS EXPECTED TO BE EARNINGS ACCRETIVE, ALTHOUGH NOT MATERIAL TO GREAT-WEST LIFECO'S FINANCIAL RESULTS.GREAT-WEST LIFECO INC - SUBSIDIARY IRISH LIFE COMPLETES ACQUISITION OF STRATEGIC HOLDING IN INVESCO LTD.  Full Article

Great-West Lifeco's U.K. Unit Announces Sale Of Heritage Policies
Thursday, 21 Jun 2018 

June 21 (Reuters) - Great-West Lifeco Inc ::GREAT-WEST LIFECO'S U.K. SUBSIDIARY ANNOUNCES SALE OF HERITAGE POLICIES.GREAT-WEST LIFECO INC - FINANCIAL TERMS OF TRANSACTION WERE NOT DISCLOSED.GREAT-WEST LIFECO - CO'S UK UNIT HAS AGREED TO SELL A BLOCK OF 155,000 HERITAGE POLICIES WITH ASSETS AND LIABILITIES OF £2.7 BILLION TO SCOTTISH FRIENDLY.GREAT-WEST LIFECO - TRANSFER OF HERITAGE POLICIES TO SCOTTISH FRIENDLY IS NOT EXPECTED TO HAVE A MATERIAL IMPACT ON CO'S UK UNIT'S EARNINGS.  Full Article

Ireland's Green REIT real estate fund sells for 1.34 billion euros

DUBLIN UK-based real estate firm Henderson Park is to buy Irish commercial property investment trust Green REIT in a deal that values the firm at 1.34 billion euros, a 25% premium to its share price before the sales process kicked off in April.