Great-West Lifeco's Q2 2022 Earnings Remain Resilient Despite Macroeconomic Headwinds
Great-West Lifeco Inc. (Great-West) reported Q2 2022 base earnings of $830 million, mostly unchanged from the same quarter a year ago. Despite a volatile economic environment, Great- West managed to produce resilient results during the quarter thanks to its diversified product portfolio, including an increasing footprint in the U.S. retirement services business. Base earnings in H1 2022 remained almost 5% higher compared with H1 2021.
Great-West Lifeco is a financial services holding company with interests in the life insurance, health insurance, retirement savings, investment management and reinsurance businesses. Co. has operations in Canada, the United States, Europe and Asia through The Great-West Life Assurance Company, London Life Insurance Company, The Canada Life Assurance Company, Great-West Life & Annuity Insurance Company and Putnam Investments, LLC. Co., through its operating subsidiaries, provides protection and savings products that are distributed through multiple sales channels. Products are marketed under the Great-West Life, London Life and Canada Life brands.
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