Business
Empower Delivers Record Earnings of $1.1 billion as Workplace and Wealth Businesses Accelerate
Retirement and wealth units grew average AUA by 12% and 23%, respectively Base earnings g...
About this update from Great-west Lifeco Inc.
[{"type":"text","content":"Empower Delivers Record Earnings of $1.1 billion as Workplace and Wealth Businesses Accelerate\n\n\n .bwalignc { text-align: center; list-style-position: inside }\n.bwalignr { text-align: right; list-style-position: inside }\n.bwblockalignl { margin-left: 0px; margin-right: auto }\n.bwcellpmargin { margin-bottom: 0px; margin-top: 0px }\n.bwlistdisc { list-style-type: disc }\n.bwpadl0 { padding-left: 0px }\n.bwpadr0 { padding-right: 0px }\n.bwtablemarginb { margin-bottom: 10px }\n.bwvertalignt { vertical-align: top }\n \n\n\n\n\n\n Retirement and wealth units grew average AUA by 12% and 23%, respectively\n \n\n\n\n Base earnings growth of 17% in Q4 2025\n \n\n\n\n Adds 500,000 net new plan participants in retirement plan business\n \n\n\n\n\n\n Empower today announced record financial results for the year ended December 31, 2025, achieving base earnings of $1.1 billion,\n \n 1\n \n an increase of 11% from 2024, driven by sustained business growth, strong sales momentum, and continued operating efficiency across its workplace and wealth management businesses.\n \n\n\n Delivered double-digit base earnings\n \n 1\n \n growth of 11% in 2025 and 17% for the fourth quarter, driven by strong markets, new client acquisition, strong retirement plan sales and record pre-tax base operating margins\n \n 1\n \n in Empower Personal Wealth\n \n TM\n \n .\n \n\n Base ROE\n \n 1,2\n \n increased from approximately 18.1% to 20.1% over the past year\n \n\n Empower’s Workplace Solutions business generated $23 billion in net plan flows in 2025 and expects positive net plan flows in 2026\n \n 3\n \n\n\n Empower Personal Wealth generated growth from net new assets of 14% in 2025, primarily from strong sales and high client retention\n \n\n\n Empower, a leading provider of retirement and wealth management services, released results as part of a broader quarterly announcement by its parent company,\n \n Winnipeg-based Great-West Lifeco (TSX: GWO-CA)\n \n . For more information on Great-West Lifeco’s fourth-quarter and full-year 2025 results, please see the release on the\n \n firm’s website\n \n\n .\n \n\n\n Empower now administers $2 trillion in assets (AUA)\n \n 4\n \n for more than 19.5 million individuals. Empower Workplace Solutions manages approximately 89,000 employer-sponsored retirement plans on behalf of 61,000 employers an...