Great-West Lifeco has reported net earnings attributable to common shareholders of $683 million for the three months ended December 31, 2015, compared to $657 million for the same period in 2014.
Consolidated assets under administration at December 31, 2015 grew to over $1.2 trillion, up $149 billion from December 31, 2014.
Read: Great-West Life assets under administration top $1 trillion
The Canada business, operated by Great-West Life, London Life and Canada Life, included group insurance, wealth management and individual insurance.
According to the report, net earnings attributable to common shareholders for the fourth quarter of 2015 were $262 million compared to $300 million in the fourth quarter of 2014.
Total sales in the fourth quarter of 2015 were $3.5 billion, up from $3.3 billion in the fourth quarter of 2014. The report attributes the increase in sales to strong group sales in mid-size and large case markets, continued strength in participating life sales and solid wealth management sales in segregated funds, proprietary mutual funds and single premium group annuities.
Total Canada segment assets under administration at December 31, 2015 were $166 billion compared to $161 billion at December 31, 2014.