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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 Finance (Delaware) LP II Announces Intention To Redeem 7.127% Subordinated Debentures Due June 26, 2068
Thursday, 26 Apr 2018 07:45am EDT 

April 26 (Reuters) - Great-West Lifeco Inc ::GREAT-WEST LIFECO FINANCE (DELAWARE) LP II ANNOUNCES INTENTION TO REDEEM 7.127% SUBORDINATED DEBENTURES DUE JUNE 26, 2068.GREAT-WEST LIFECO INC - UNIT INTENDS TO REDEEM ALL $500 MILLION PRINCIPAL AMOUNT OF ITS OUTSTANDING 7.127% SUBORDINATED DEBENTURES DUE JUNE 26, 2068.  Full Article

Great-West Lifeco ‍Enters Agreement For Sale Of $500 Mln Aggregate Principal Amount Of Debentures
Monday, 26 Feb 2018 05:16pm EST 

Feb 26 (Reuters) - Great-West Lifeco Inc ::GREAT-WEST LIFECO ANNOUNCES DEBENTURE OFFERING.GREAT-WEST LIFECO - ‍ENTERED INTO AGREEMENT FOR SALE ON AN AGENCY BASIS OF $500 MILLION AGGREGATE PRINCIPAL AMOUNT OF DEBENTURES MATURING FEB 28, 2028​.GREAT-WEST LIFECO INC - ‍DEBENTURES WILL BE DATED FEBRUARY 28, 2018, WILL BE ISSUED AT PAR AND WILL MATURE ON FEBRUARY 28, 2028​.GREAT-WEST LIFECO INC - ‍NET PROCEEDS WILL BE USED BY COMPANY TO REPAY UPCOMING LONG-TERM DEBT MATURITIES​.  Full Article

Great-West Lifeco Reports Fourth Quarter 2017 Results; Announces 6% Dividend Increase
Thursday, 8 Feb 2018 10:02am EST 

Feb 8 (Reuters) - Great-West Lifeco Inc ::GREAT-WEST LIFECO REPORTS FOURTH QUARTER 2017 RESULTS; ANNOUNCES 6% DIVIDEND INCREASE.Q4 EARNINGS PER SHARE C$0.397.LIFECO DECLARED QUARTERLY COMMON DIVIDEND OF $0.3890 PER COMMON SHARE PAYABLE MARCH 29, 2018, A 6% INCREASE FROM PREVIOUS QUARTER.GREAT-WEST LIFECO - AS A RESULT OF CHANGES TO U.S. CORPORATE TAX LEGISLATION, ENACTED IN DECEMBER 2017, COMPANY INCURRED A CHARGE OF $216 MILLION IN QUARTER.SALES FOR Q4 2017 WERE $30.3 BILLION, UP 13 PERCENT FROM THE FOURTH QUARTER OF 2016.SAYS QTRLY ADJUSTED NET EARNINGS- COMMON SHAREHOLDERS C$0.742 PER COMMON SHARE.Q4 EARNINGS PER SHARE VIEW C$0.60 -- THOMSON REUTERS I/B/E/S.GREAT-WEST LIFECO - CONSOLIDATED ASSETS UNDER ADMINISTRATION AT DEC 31, 2017 WERE OVER $1.3 TRILLION, AN 8 PERCENT INCREASE FROM DEC 31, 2016.  Full Article

Great-West Lifeco Announces Estimated Impact Of U.S. Tax Reform
Thursday, 1 Feb 2018 12:30pm EST 

Feb 1 (Reuters) - Great-West Lifeco Inc ::GREAT-WEST LIFECO ANNOUNCES ESTIMATED IMPACT OF U.S. TAX REFORM AND THE AGREEMENT TO SELL A U.S. EQUITY INVESTMENT AND INCREASE ITS INTEREST IN PANAGORA.SAYS EXPECTS TO TAKE A CHARGE OF $216 MILLION OR $0.22 PER SHARE WHEN IT REPORTS ITS Q4 RESULTS ON FEBRUARY 8, 2018 DUE TO U.S. TAX LAW​.SAYS ‍ENTERED AGREEMENT TO SELL A U.S. EQUITY INVESTMENT AND INCREASE ITS INTEREST IN PANAGORA ASSET MANAGEMENT INC​.SAYS ESTIMATED NET IMPACT OF NISSAY SHARES SALE IS A CHARGE OF $122 MILLION OR $0.12/SHARE INCLUDED IN CO'S NET EARNINGS FOR Q4.SAYS IN Q4, CO THROUGH UNIT, AGREED TO SELL EQUITY INVESTMENT IN NISSAY ASSET MANAGEMENT CORPORATION TO NIPPON​.SAYS ‍CONCURRENTLY WITH SALE OF EQUITY INVESTMENT IN NISSAY, CO ACQUIRED NIPPON'S MINORITY STAKE IN PANAGORA​.  Full Article

Great-West Lifeco Announces Normal Course Issuer Bid
Wednesday, 10 Jan 2018 05:05pm EST 

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 11:18am EDT 

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

Great-West Lifeco reports Q3 loss C$0.177/shr
Thursday, 26 Oct 2017 05:05pm EDT 

Oct 26 (Reuters) - Great-west Lifeco Inc :Q3 loss per share C$0.177.Q3 earnings per share view C$0.68 -- Thomson Reuters I/B/E/S.Great-West Lifeco Inc - ‍will record reinsurance loss of $175 million after-tax or $0.177/share for estimated claims from hurricanes Harvey, Irma And Maria​.Great-West Lifeco Inc - the ‍loss estimate will be included in company's Q3 2017 results​.  Full Article

Great-West Lifeco subsidiary Canada Life Group announces agreement to acquire retirement advantage
Thursday, 24 Aug 2017 08:00am EDT 

Aug 24 (Reuters) - Great-West Lifeco Inc :Great-West lifeco subsidiary Canada Life Group announces agreement to acquire retirement advantage.‍Terms of transaction were not disclosed​.Transaction is expected to be earnings accretive, although it is not expected to have a material impact on co's financial results​.‍European subsidiary Canada Life Group reached an agreement to acquire financial services provider retirement advantage​.  Full Article

Great-West Lifeco reports Q2 earnings per share c$0.591
Wednesday, 2 Aug 2017 05:25pm EDT 

Aug 2 (Reuters) - Great-west Lifeco Inc :Great-West Lifeco reports second quarter 2017 adjusted net earnings of $712 million, up 6% from the second quarter of 2016.Q2 adjusted earnings per share c$0.719 excluding items.Q2 earnings per share view c$0.62 -- Thomson Reuters I/B/E/S.Q2 earnings per share c$0.591.Great-West lifeco inc - ‍irish life health remains on track to deliver target expense reductions​.Great-West lifeco inc - qtrly ‍total net premiums $7,772 million versus $9,365​ million at q1-end.Great-West lifeco inc qtrly ‍earnings per diluted share $0.590​.  Full Article

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

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.