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Great-West Lifeco Inc (GWO.TO)

GWO.TO on Toronto Stock Exchange

33.83CAD
25 May 2017
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Latest Key Developments (Source: Significant Developments)

Great-West Lifeco prices $700 million of senior notes
Tuesday, 23 May 2017 04:57pm EDT 

May 23 (Reuters) - Great-west Lifeco Inc :Great-West lifeco announces pricing of us$700 million of senior notes.Great-West lifeco inc - subsidiary priced us$700 million principal amount of 4.15% senior notes due 2047.Great-West lifeco inc - notes will be issued at a price equal to 99.218% of par.  Full Article

Great-West Lifeco subsidiary announces acquisition of Financial Horizons Group
Friday, 19 May 2017 12:00pm EDT 

May 19 (Reuters) - Great-west Lifeco Inc :Great-West Lifeco subsidiary announces acquisition of Financial Horizons Group - the leading MGA in the Canadian market.Transaction is expected to be earnings accretive, although not material to overall Canadian earnings.Financial horizons group will continue to operate with its own governance and board of directors.  Full Article

Great-West says unit intends to redeem all $1 bln aggregate principal amount of outstanding 5.691% subordinated debentures
Monday, 24 Apr 2017 07:45am EDT 

April 24 (Reuters) - Great-west Lifeco Inc :Great-West lifeco-unit intends to redeem all $1 billion aggregate principal amount of its outstanding 5.691% subordinated debentures due june 21, 2067.Great-West lifeco inc- subsidiary intends to redeem debentures at redemption price equal to 100% of principal amount of debentures.  Full Article

GREAT-WEST LIFECO REPORTS Q4 EARNINGS PER SHARE C$0.686
Thursday, 9 Feb 2017 10:53am EST 

Great-west Lifeco Inc : GREAT-WEST LIFECO REPORTS FOURTH QUARTER 2016 RESULTS, INCREASES DIVIDEND BY 6% . Q4 EARNINGS PER SHARE C$0.686 . Q4 EARNINGS PER SHARE VIEW C$0.68 -- THOMSON REUTERS I/B/E/S . Q4 EARNINGS PER SHARE C$0.707 EXCLUDING ITEMS . INCREASES QUARTERLY DIVIDEND BY 6 PERCENT . SETS QUARTERLY DIVIDEND OF C$0.367PER SHARE .GREAT-WEST LIFECO - CONSOLIDATED ASSETS UNDER ADMINISTRATION AT DECEMBER 31, 2016 WERE OVER $1.2 TRILLION, INCREASE OF $36 BILLION FROM DECEMBER 31, 2015.  Full Article

Great-West Lifeco announces normal course issuer bid
Thursday, 5 Jan 2017 08:24am EST 

Great-West Lifeco Inc : Great-West Lifeco announces normal course issuer bid . Great-West Lifeco Inc - under renewed NCIB corporation may purchase for cancellation up to 20 million common shares over 12 month period .Great-West Lifeco -utilize renewed NCIB to acquire shares in order to mitigate dilutive effect of issuing securities under corp's stock option plan.  Full Article

Great-West Lifeco announces expense reductions at Putnam Investments
Tuesday, 15 Nov 2016 01:15pm EST 

Great-west Lifeco Inc : Great-West Lifeco announces expense reductions at Putnam Investments . Great-West Lifeco Inc - Putnam Investments will be undertaking us$65 mln in expense reductions, aligning its resources . Great-West Lifeco Inc - Putnam Investments will be undertaking us$65 mln in expense reductions . Great-west Lifeco Inc -Says small number of investment management professionals will be leaving company . Great-West Lifeco - firm will be reducing its staff by nearly eight percent (approximately 115 positions) .Great-West Lifeco - Putnam will address cost across its enterprise through reduction in staff, elimination of certain non-core business programs.  Full Article

Great-West Lifeco Q2 EPS C$0.675
Wednesday, 3 Aug 2016 06:25pm EDT 

Great-west Lifeco Inc : West lifeco reports second quarter 2016 results . Q2 earnings per share view c$0.68 -- Thomson Reuters I/B/E/S . Q2 earnings per share c$0.675 . West lifeco inc - lifeco sales in q2 of 2016 of $24.9 billion were up 1% compared to same quarter in 2015. . West lifeco inc says consolidated assets under administration at june 30, 2016 were approximately $1.2 trillion, a decrease of $28.7 billion from december 31, 2015 . West lifeco - total united states segment assets under administration at june 30, 2016 were $786 billion compared to $808 billion at december 31, 2015 . West lifeco inc says lifeco premiums and deposits in q2 of 2016 of $28.2 billion were up 28% from same quarter in 2015 . Says insurance & annuities sales for q2 of 2016 were $5.6 billion, compared to $3.4 billion a year ago . West lifeco inc - total canada segment assets under administration at june 30, 2016 were $171 billion compared to $166 billion at december 31, 2015 .West lifeco inc - total europe segment assets under administration at june 30, 2016 were $227 billion compared to $238 billion at december 31, 2015.  Full Article

Great-West Lifeco obtains issuer bid exemption orders
Friday, 17 Jun 2016 05:35pm EDT 

Great-West Lifeco Inc : Great-West Lifeco Inc - intends to purchase for cancellation, up to 5.8 million of its common shares . Great-West Lifeco Inc - total number of common shares which may be purchased under private agreements may not exceed 6.7 million shares .Great-West Lifeco obtains issuer bid exemption orders to permit purchases by way of private agreements.  Full Article

Great-West Lifeco Inc declares dividend
Wednesday, 5 Aug 2015 06:01pm EDT 

Great-West Lifeco Inc:Declared quarterly common dividend of $0.3260 per common share payable Sept. 30.  Full Article

Great-West Lifeco subsidiary, Canada Life, completes acquisition of Legal & General International (Ireland) Limited
Thursday, 2 Jul 2015 08:00am EDT 

Great-West Lifeco Inc:Says that its European subsidiary, Canada Life Group, has completed its previously announced acquisition of Legal & General International (Ireland) Limited (LGII).Terms of the transaction were not disclosed.  Full Article

More From Around the Web

Fitch Expects to Rate Great-West Lifeco Finance LP's Senior Notes 'A'

(The following statement was released by the rating agency) NEW YORK, May 24 (Fitch) Fitch Ratings expects to assign an 'A' rating to Great-West Lifeco Finance (Delaware) LP's USD700 million 4.15% senior notes due 2047, which are anticipated to close on May 26, 2017. KEY RATING DRIVERS The rating assigned is equivalent to the rating on Great-West Lifeco's senior notes, as the debt is fully and unconditionally guaranteed by Great-West Lifeco. Fitch expects a portion of the proceeds will be used f