Its net earnings from continued operations linked to Canada reached $255 million compared with $373 million a year before.John Woods/The Canadian Press
Great-West Lifeco Inc. GWO-T says its second-quarter net earnings dropped 11 per cent from a year ago but its base earnings reached a record high.
The Winnipeg-based insurance company says its net earnings for the period ended June 30 amounted to $894 million while its base earnings totalled more than $1.1 billion.
Its net earnings from continued operations linked to Canada reached $255 million compared with $373 million a year before.
By comparison, the U.S. part of its business had net earnings from continued operations of $305 million compared with $281 million a year prior.
The European portion totalled $126 million compared with $231 million a year before.
The results came as Great-West Lifeco approved a quarterly dividend of 61 cents per share.