Ryan succeeds Plessis-Bélair
Operating income rises despite lower premium and investment income
Q2 earnings climb to $573 million
Power boosts dividend to 29¢ a share
Solid growth in earnings from subsidiaries
Power Financial Corp. subsidiary Great-West Lifeco Inc. today announced a $4.6 billion deal to acquire U.S.-based Putnam Investments Trust.Winnipeg-based Great-West Lifeco said it reached an agreement with Marsh & McLennan Companies to acquire the asset management business of Putnam Investments Trust, while Great-West Life Assurance Co. will acquire Putnam’s 25% interest in T.H. Lee Partners.Established […]
Financial services holding company hikes dividend
$200 million in proceeds will be used to supplement company’s financial resources
Major subsidiaries also see notable growth
Shares will carry an annual dividend of 5.1%