Irish Life contributed CAD$44 million (€31 million) of earnings

Thursday, February 13, 2014

Irish Life, acquired by Great-West Lifeco on 18 July 2013, contributed CAD$44 million (€31 million) of earnings to Lifeco in the fourth quarter.

“Integration activities are progressing well and are on track to achieve targeted cost synergies,” said Bill Kyle, Chief Executive Officer, Irish Life Group.

“Furthermore, we are very pleased that Irish Life increased its market share in Ireland to 34%,” he said.

The standing of Irish Life in the market was recognised recently at the 2013 Irish Pensions Awards when the Group won four prestigious awards for Innovation; Communication; Investment Manager of the Year; and Equities Manager of the Year. Additionally Mr Kyle noted, “On the business development front we successfully established new distribu