TSX: GWO
WINNIPEG, MB, Aug. 1, 2023
/CNW/ - Great-West Lifeco (Lifeco) has released a revised format
for the Supplemental Information Package (SIP) it will use for
second quarter 2023 financial results reporting.
Great-West Lifeco has revised the format of the SIP to reflect
internal reviews and feedback received from the analyst community
since releasing its first quarter 2023 financial results under the
newly adopted IFRS 17 and IFRS 9 accounting standards on
May 9, 2023.
Certain revisions, including in the Drivers of Earnings (DOE),
further align Lifeco's disclosures with industry practice for the
purpose of helping users better understand the company's
results.
Additionally, Lifeco has restated historical results to exclude
discontinued operations related to Putnam Investments. These
changes follow Lifeco's announcement to sell Putnam to Franklin Resources, Inc. on
May 31, 2023.
The revised format for the SIP and a summary of the key changes
are available at Great-West Lifeco – Investor relations – Financial
reports.
Great-West Lifeco will release its second quarter financial
results on August 8, 2023 after
markets close.
About Great-West Lifeco
Inc.
Great-West Lifeco is an international financial services holding
company with interests in life insurance, health insurance,
retirement and investment services, asset management and
reinsurance businesses. We operate in Canada, the United
States and Europe under the
brands Canada Life, Empower, Putnam Investments, and Irish Life. At the end of 2022, our
companies had approximately 31,000 employees, 234,500 advisor
relationships, and thousands of distribution partners – all serving
our more than 38 million customer relationships across these
regions. Great-West Lifeco trades on the Toronto Stock Exchange
(TSX) under the ticker symbol GWO and is a member of the Power
Corporation group of companies. To learn more, visit
greatwestlifeco.com.
SOURCE Great-West Lifeco Inc.