Great-West Lifeco (GWP) Reports Q4 Profit Decline

Great-West Lifeco Inc. (GWP) reported a 12% year-over-year decline in fourth-quarter profit to $114 million, or $0.32 per share, on February 11, 2026. The reduction followed lower investment returns and higher claims, partially offset by gains in its insurance and annuity book values. Full-year 2025 net income was $469 million, a 10% improvement from $521 million in 2024, reflecting stronger underwriting performance and disciplined expense management. The company attributed the Q4 dip to macroeconomic headwinds, including lower interest rates and inflationary pressures, which compressed investment yields and premium growth.