Lifeco aims to focus on financial services business in the U.S.
Suit alleges policyholder funds wrongly used for 1997 London Life purchase
Life insurer reports strong results across all three business segments
Exposure to Great-West Lifeco and IGM Financial, at a discount, make Power Financial a worthy consideration
Focus to be on its U.S. financial services businesses
Great-West Lifeco Inc. reported a drop in quarterly profit for the third quarter ended September 30, as the company took a $97 million provision for certain Canadian retirement plans.After markets closed Thursday, the life insurance company said Q3 net income was $461 million, or 51.6¢ a share, compared with a profit of $477 million or […]
Great-West Lifeco Inc. announced Friday that it has completed the acquisition of Putnam Investments Trust.“This acquisition allows Lifeco to achieve, with a single transaction, a major presence in the mutual fund and institutional asset management industry in the United States,” said Raymond McFeetors, Great-West Lifeco’s president and CEO. “This acquisition also broadens our operations in […]
Insurer hikes quarterly dividend
Agreement will transfer remaining services for approximately 340 plans
Stable outlook assigned to all ratings