Great-West Lifeco posts “solid results” for Q2 2022

For the second quarter of 2022, Great-West Lifeco delivered “solid results” despite heightened volatility in the regions it operates.

The company reported net earnings of $735 million for Q2 2022, down by 6% from the same period last year. Meanwhile, Great-West Lifeco’s base earnings rose to $830 million from $826 million in 2021 – according to the company, this reflects its “strong insurance and investment results” across the globe, which have more than offset reduced net fee income from wealth management businesses and negative currency movement impacts