{"id":1289,"date":"2024-02-13T06:43:49","date_gmt":"2024-02-13T06:43:49","guid":{"rendered":"https:\/\/financeify.ca\/?p=1289"},"modified":"2024-02-13T06:43:49","modified_gmt":"2024-02-13T06:43:49","slug":"great-west-lifeco-and-sun-life-report-increased-assets-in-2021","status":"publish","type":"post","link":"https:\/\/financeify.ca\/index.php\/2024\/02\/13\/great-west-lifeco-and-sun-life-report-increased-assets-in-2021\/","title":{"rendered":"Great-West Lifeco and Sun Life Report Increased Assets in 2021"},"content":{"rendered":"

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Great-West Lifeco Inc. said on Wednesday that its total assets under management (AUA) were $2.3 trillion as of December 31, up 15% from a year earlier.<\/p>\n

The insurer says the increase was primarily due to market performance and new business development.<\/p>\n

In 2021, Great-West achieved net income of $3.26 billion on revenue of $64.4 billion (including, but not limited to, net premiums, investment income and fees). In 2020, net profits were $2.94 billion and revenues were $60.6 billion.<\/p>\n

As of December 31, Sun Life Financial Inc. managed $1.44 trillion in assets, up from $1.26 trillion a year earlier, an increase of 15%.<\/p>\n

\u201cInsurance sales were strong, up 13% year-over-year, driving a 16% increase in new business,\u201d Kevin Strain, president and CEO of Sun Life, said in the release.<\/p>\n

\u201cI am proud of how our Sun Life employees and advisors have continued to make a positive impact on our customers’ finances and health, especially now when they need us most.\u201d<\/p>\n

Of Sun Life’s $1.44 trillion at the end of 2021, $205 billion was in general funds, $140 billion was in segregated funds, and $1.1 trillion was in mutual funds, managed funds and other AUM.<\/p>\n

Sun Life reported net income of $4.37 billion on revenue of $35.7 billion in 2021, compared to net income of $2.8 billion on revenue of $43.3 billion in 2020 year.<\/p>\n

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Great-West Lifeco Inc. said on Wednesday that its total assets under management (AUA) were $2.3 trillion as of December 31, up 15% from a year earlier. The insurer says the increase was primarily due to market performance and new business development. 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