{"id":695,"date":"2025-08-12T11:30:42","date_gmt":"2025-08-12T11:30:42","guid":{"rendered":"http:\/\/goldanker.club\/?p=695"},"modified":"2025-08-12T12:21:07","modified_gmt":"2025-08-12T12:21:07","slug":"canada-life-res-base-earnings-grow-9-in-q225-to-229m","status":"publish","type":"post","link":"http:\/\/goldanker.club\/index.php\/2025\/08\/12\/canada-life-res-base-earnings-grow-9-in-q225-to-229m\/","title":{"rendered":"Canada Life Re\u2019s base earnings grow 9% in Q2\u201925 to $229m"},"content":{"rendered":"

Canada Life Reinsurance has posted \u201coutstanding\u201d Q2 2025 results, according to its CEO, delivering $229 million in base earnings for the quarter, marking a 9% increase over the same period last year.<\/p>\n

\"\"The strong performance builds on the firm\u2019s robust year-on-year growth in Q1 2025<\/a>, when it also cut its exposure to weather-related catastrophe risks.<\/p>\n

Great-West Lifeco Inc, the parent of Canada Life Assurance Company, of which Canada Life Reinsurance is part, disclosed base earnings of over $1.1 billion in Q2 2025, up 11% from Q2 2024, with a base ROE of 17.4% and ROE of 14.9%.<\/p>\n

\u201cThe strong result reflects double-digit base earnings growth across our Wealth and Group Benefits businesses, primarily driven by new business growth and higher equity markets, as well as improved insurance experience, and favourable currency movements, partially offset by lower earnings on surplus from lower yields,\u201d Great-West Lifeco Inc explained.<\/p>\n

Base earnings also reportedly included a benefit for a change in certain tax estimates relating to tax matters in prior years, offset by credit-related impacts of $51 million.<\/p>\n

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David Harney, President and CEO, Great-West Lifeco, commented, \u201cWe delivered double-digit base earnings growth in the second quarter, primarily driven by strong performance in our wealth and group benefits businesses, and successfully navigated a period of elevated market volatility.<\/p>\n

\u201cI am particularly pleased with the strong underlying performance at Empower, which remains well-positioned to drive double-digit base earnings growth going forward.<\/p>\n

\u201cOverall, we are on track to meet or exceed all our medium-term objectives, supported by our strong capital generation, healthy balance sheet and unrelenting focus on executing against our growth strategies.\u201d<\/p>\n

Jeff Poulin, CEO of Canada Life Reinsurance, said, \u201cAnother strong quarter for Great-West Lifeco Inc, delivering record base earnings under the leadership of our new CEO, David Harney.<\/p>\n

We\u2019re grateful for the continued confidence our clients place in us and value the strong partnerships we\u2019ve built together.\u201d<\/p>\n

In related news, Canada Life Re recently announced that it has decided to stop new business for its US traditional life mortality risk reinsurance line<\/a>, known as U.S. Trad Life, as the firm looks to focus on its core markets.<\/p>\n

The reinsurer noted at the time that a key driver of its decision to cease new US Trad Life business is expanding the resources devoted to the structured reinsurance market.<\/p>\n

The post Canada Life Re\u2019s base earnings grow 9% in Q2\u201925 to $229m<\/a> appeared first on ReinsuranceNe.ws<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"

Canada Life Reinsurance has posted \u201coutstanding\u201d Q2 2025 results, according to its CEO, delivering $229…<\/p>\n","protected":false},"author":1,"featured_media":697,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[15],"tags":[],"_links":{"self":[{"href":"http:\/\/goldanker.club\/index.php\/wp-json\/wp\/v2\/posts\/695"}],"collection":[{"href":"http:\/\/goldanker.club\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/goldanker.club\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/goldanker.club\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"http:\/\/goldanker.club\/index.php\/wp-json\/wp\/v2\/comments?post=695"}],"version-history":[{"count":3,"href":"http:\/\/goldanker.club\/index.php\/wp-json\/wp\/v2\/posts\/695\/revisions"}],"predecessor-version":[{"id":699,"href":"http:\/\/goldanker.club\/index.php\/wp-json\/wp\/v2\/posts\/695\/revisions\/699"}],"wp:featuredmedia":[{"embeddable":true,"href":"http:\/\/goldanker.club\/index.php\/wp-json\/wp\/v2\/media\/697"}],"wp:attachment":[{"href":"http:\/\/goldanker.club\/index.php\/wp-json\/wp\/v2\/media?parent=695"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/goldanker.club\/index.php\/wp-json\/wp\/v2\/categories?post=695"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/goldanker.club\/index.php\/wp-json\/wp\/v2\/tags?post=695"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}