Great-West Lifeco Inc. GWO-T says it earned $960-million in the first quarter, up from $595-million a year earlier.
The Winnipeg-based company says it exceeded $1-billion in quarterly base earnings for the first time, building on strong momentum from 2023.
Net earnings per common share were $1.03, up from 64 cents during the same quarter last year.
The company says base earnings from its Canadian segment were $302-million, up from $278-million last year.
Meanwhile, base earnings in the U.S. rose to $286-million from $218-million.
Base earnings in the Europe segment were $204-million, up from $178-million.