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Great-West Lifeco reports second quarter 2015 results

Irish Life contributed Euro €45 [CAD$60 million] million of earnings
 
Great-West Lifeco Inc. (Lifeco) has announced its second quarter results for the three months ended 30 June 2015. View the full release here.
 
 
Irish Life, which is owned by Great-West Lifeco, continued to generate strong results, contributing €45 million (CAD$60 million) to Lifeco’s profits in the second quarter. This was up from €38 million (CAD$57 million) in the same quarter in 2014.
 
 
Commenting on Irish Life’s performance Bill Kyle, Chief Executive Officer, Irish Life Group said:
 
“It is just two years since Great-West Lifeco acquired Irish Life and I’m delighted to report that the integration of the Canada Life business with Irish Life is now fully complete, representing an investment of €56.5 million. Despite the complex nature of the integration process we managed to exceed all targets and achieve our highest customer service scores during the period. This is a huge achievement and everyone in the company deserves a great deal of credit. To have achieved significant business growth during this period is even more impressive.”
 
 
At the end of the second quarter Irish Life’s retail Multi-Asset Portfolios (MAPS) investment product exceeded €1 billion in assets in its first year, while the Irish Infrastructure Fund established by Irish Life Investment Managers has recently acquired the contract to operate The Convention Centre Dublin for the next 20 years.
 
 
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