Great-West Lifeco stock posts record 19.4% base ROE in Q3

Published on 11/06/2026 at 16:25 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Great-West Lifeco stock enters the next quarter after stronger underlying earnings and a record return measure. U.S. growth and Capital Solutions offset weaker Canadian insurance experience.

Great-West Lifeco earnings shift

Base earnings per share rose 11 percent year over year in the third quarter.
U.S. Retirement and Wealth operations and Capital Solutions led the underlying earnings growth.
Canadian Group Benefits experience weakened, while the company maintained capital strength and approved a quarterly dividend.

GWO, CA39138C1068, Illustration mit AI erstellt.

Great-West Lifeco reported its third-quarter 2026 results after the market close on Wednesday, November 4. The Stockwatch report carrying the Canada NewsWire release said base earnings reached 1.323 billion Canadian dollars and base return on equity rose to a record 19.4 percent.

Underlying earnings set a new high

Base earnings increased 8 percent from the prior-year quarter, while base earnings per share advanced 11 percent to 1.48 Canadian dollars. Net earnings attributable to common shareholders fell 2 percent to 1.139 billion Canadian dollars, reflecting assumption changes, management actions, business transformation initiatives and acquisition-related intangible amortization outside the base earnings measure.

U.S. and CRS lead growth

The United States segment generated 510 million Canadian dollars in base earnings, up 17 percent, supported by stronger markets, positive Retirement plan flows, Wealth inflows and operating leverage. Capital and Risk Solutions also increased base earnings 17 percent to 309 million Canadian dollars on stronger Capital Solutions new business.

Europe contributed 273 million Canadian dollars, up 3 percent. Canada moved in the opposite direction: base earnings declined 6 percent to 347 million Canadian dollars as Group Benefits insurance experience moderated.

Capital returns stay in focus

Great-West Lifeco maintained a consolidated LICAT ratio of 127 percent and repurchased 3.7 million common shares for 340 million Canadian dollars during the quarter. The company also completed its acquisition of Milliman's U.S. retirement and benefits administration business.

The board approved a quarterly common-share dividend of 0.67 Canadian dollars, payable on December 31, 2026, to shareholders of record on December 3. The next investor focus is the integration of Milliman and the outlook for Retirement, Wealth and Capital Solutions.

Quote and investor context

Great-West Lifeco stock traded at 57.43 euros on Lang & Schwarz at 16:10 CET on Friday, November 6, 2026. Investors can follow the real-time quote of Great-West Lifeco stock.

The S&P/TSX Composite provides the relevant Canadian market backdrop for Great-West Lifeco.

For more news and analyses on Great-West Lifeco stock, follow the company's latest developments.