- Great-West Lifeco press release ( OTCPK:GWLIF ): Q4 Non-GAAP EPS of C$0.96.
- Revenue of C$44.17B (-7.3% Y/Y).
- Return on equity and base return on equity of 13.6% in the fourth quarter of 2022 continued to be solid.
- Outlook: Low-single digit percentage decrease in proforma base earnings is expected as a result of transition with no material change to base earnings trajectory.
- Medium-term financial objectives for base EPS growth and base dividend payout ratio remain unchanged.
- Medium-term financial objective for base ROE has increased by 2% to 16-17% reflecting the change in shareholders' equity; and
- Financial strength will be maintained and a positive impact of approximately 10 points to the March 31, 2023 Canada Life consolidated LICAT Ratio is expected based on the 2023 LICAT Guideline and current market and economic conditions.
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Great-West Lifeco Non-GAAP EPS of C$0.96, revenue of C$44.17B; issues long-term financial objective