Business
Great-West Lifeco releases updated Supplemental Information Package for 2025
Great-West Lifeco releases updated Supplemental Information Package for 2025 Canada New...
About this update from Great-west Lifeco Inc.
[{"type":"text","content":"\n\n\n\n Great-West Lifeco releases updated Supplemental Information Package for 2025\n \n\n /* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n.prngen2{\nPADDING-RIGHT:0.17em; PADDING-LEFT:0.17em; VERTICAL-ALIGN: BOTTOM; BORDER-TOP:black 0pt; BORDER-RIGHT:black 0pt; BORDER-BOTTOM:black 0pt; BORDER-LEFT:black 0pt\n}\n.prnml4{\nMARGIN-TOP:0em; MARGIN-RIGHT:0em; MARGIN-BOTTOM:0em; MARGIN-LEFT:0.33em !IMPORTANT\n}\n.prntar{\nTEXT-ALIGN: RIGHT\n}\n.prnbcc{\nBORDER-COLLAPSE: COLLAPSE\n}\n \n\n\n\n\n\n Canada NewsWire\n \n\n\n\n\n TSX:GWO\n \n\n\n\n\n WINNIPEG, MB\n \n\n ,\n \n\n March 17, 2025\n \n\n /CNW/ - Great-West Lifeco (GWO) has released an update for its Supplemental Information Package (SIP) for 2025 for analysts and investors.\n \n\n\n\n\n\n\n\n\n The unaudited SIP comparative segment results for 2024 and 2023 have been restated to conform with the 2025 segment classifications noted below.\n \n\n\n Separated the current Workplace Solutions line of business results into Retirement and Group Benefits to provide greater clarity on the distinct drivers of earnings growth for each business.\n \n\n Expanded reporting of Retirement and Wealth lines of business to add a statement of base earnings\n \n 1\n \n view for each to improve understanding of key drivers of results. In conjunction, the Drivers of Earnings (DOE) view, which is more appropriate for insurance businesses, has been modified to show base earnings before taxes\n \n 1\n \n for each of the Retirement and Wealth businesses on a separate, single line. Wealth in\n \n Europe\n \n includes reporting on Asset Managers.\n \n\n Provided enhanced disclosure of Total Assets under Administration including moving to a new measure of Assets under Management and Advisement (AUMA)\n \n 1\n \n for the Retirement and Wealth lines of business that includes advised solutions. This change will provide greater visibility into the scale of wealth management and higher value-added solutions within the portfolio.\n \n\n Reclassified certain expenses, financing charges, related taxes and other items, that are not directly associated wit...