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Great-West Lifeco Inc (GWO.TO)

GWO.TO on Toronto Stock Exchange

29.47CAD
15 Feb 2019
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Latest Key Developments (Source: Significant Developments)

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

Great-West Lifeco Announces Pricing Of $800 Mln Senior Notes Offering
Tuesday, 15 May 2018 

May 14 (Reuters) - Great-West Lifeco Inc ::GREAT-WEST LIFECO ANNOUNCES PRICING OF US$800 MILLION SENIOR NOTES OFFERING.GREAT-WEST LIFECO INC - PRICED AN OFFERING OF US$300 MILLION AGGREGATE PRINCIPAL AMOUNT OF 4.047% SENIOR NOTES DUE 2028.GREAT-WEST LIFECO INC - UNIT PRICED $500 MILLION AGGREGATE PRINCIPAL AMOUNT OF 4.581 PERCENT SENIOR NOTES DUE 2048.  Full Article

Great-West Lifeco Subsidiary Irish Life Announces Agreement To Acquire Strategic Holding In Invesco Ltd
Friday, 20 Apr 2018 

April 20 (Reuters) - Great-West Lifeco Inc ::GREAT-WEST LIFECO SUBSIDIARY IRISH LIFE ANNOUNCES AGREEMENT TO ACQUIRE STRATEGIC HOLDING IN LEADING INDEPENDENT FINANCIAL CONSULTANCY INVESCO LTD (IRELAND).GREAT-WEST LIFECO INC - ITS SUBSIDIARY, IRISH LIFE GROUP LIMITED, HAS REACHED AN AGREEMENT TO ACQUIRE A STRATEGIC HOLDING IN INVESCO LTD.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.  Full Article

Great-West Lifeco Announces Normal Course Issuer Bid
Thursday, 11 Jan 2018 

Jan 10 (Reuters) - Great-West Lifeco Inc ::GREAT-WEST LIFECO ANNOUNCES NORMAL COURSE ISSUER BID.GREAT-WEST LIFECO INC - UNDER RENEWED NCIB CO MAY BUY FOR CANCELLATION UP TO 20 MILLION COMMON SHARES OVER 12 MONTH PERIOD STARTING JAN 15.  Full Article

Great-West Lifeco reports Q3 EPS of C$0.587
Thursday, 2 Nov 2017 

Nov 2 (Reuters) - Great-west Lifeco Inc ::Great-West Lifeco reports third quarter 2017 net earnings of $581 million, including losses of $175 million related to Hurricanes Harvey, Irma and Maria.Q3 earnings per share C$0.587.Q3 earnings per share view C$0.65 -- Thomson Reuters I/B/E/S.Q3 2017 net earnings of $581 million, including losses of $175 million related to Hurricanes Harvey, Irma and Maria​.Hurricanes Harvey, Irma and Maria reduced earnings per common share by $0.177​ in quarter.Consolidated assets under administration at Sept 30 were about $1.3 trillion, an increase of $46.1 billion from Dec 31, 2016​.Qtrly total net premiums $8.30 billion versus $8.33 bln‍​.  Full Article

Insurer Great-West Lifeco seeks to sell $2 billion worth of contracts: sources

Great-West Lifeco Inc , Canada's second-biggest insurance company, is exploring the sale of a collection of insurance contracts that could fetch as much as $2 billion, three people familiar with the matter said on Wednesday.