Great-West Lifeco Inc. (Lifeco) has announced its third quarter results for the three months ended 30 September 2014.

Irish Life generated strong results, contributing €57 million (CAD$82 million) to Lifeco’s earnings in the third quarter. This represented a 50% increase, up from €38 million (CAD$57 million) in the previous quarter.


The year to date contribution to Great-West Lifeco’s earnings from Irish Life is a total of €129 million (CAD$191 million), demonstrating the strength of its position as Ireland’s largest life insurance and pension company.

During the third quarter, Irish Life generated €1.5 billion (CAD$2.1 billion) of sales and €101 million (CAD$144 million) of Great-West Lifeco’s fee income.
“A highlight in the quarter was the launch of our new Irish Life Enhanced Annuity. This innovative product allows us to offer higher retirement income to people who have experienced poor health,” said Bill Kyle, Chief Executive Officer, Irish Life Group.

“We also celebrated 75 years of looking after the financial needs of our 1 million plus customers with a new brand and marketing campaign. The associated national advertising campaign based on the concept We Know Irish life - We are Irish Life has been very well received,” Mr Kyle said.