Close Close
Popular Financial Topics Discover relevant content from across the suite of ALM legal publications From the Industry More content from ThinkAdvisor and select sponsors Investment Advisor Issue Gallery Read digital editions of Investment Advisor Magazine Tax Facts Get clear, current, and reliable answers to pressing tax questions
Luminaries Awards
ThinkAdvisor

Portfolio > Economy & Markets > Fixed Income

Great-West Reports Higher 4th Quarter Net Income

X
Your article was successfully shared with the contacts you provided.

NU Online News Service, Jan. 30, 4:30 p.m. – Great-West Lifeco Inc., Winnipeg, Manitoba, is reporting the equivalent of $154 million in net income in U.S. currency for 2002 on $2.7 billion in revenue, compared with $124 million in net income on $2.7 billion in revenue for 2001.

Great-West sells employee benefits and financial services products in the United States. In the United States, benefits revenue fell to $408 million, from $446 million, and financial services revenue increased to $335 million, from $288 million.

The conversions here are based on an exchange rate of $1=1.6285 Canadian dollars for the 2002 results, and an exchange rate of $1=1.5911 Canadian dollars for the 2001 results, using figures provided by OANDA Corp., New York.


NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.