07:55 AM EDT, 04/02/2025 (MT Newswires) -- Great-West Lifeco ( GWLIF ) , trading at 52 week highs, on Wednesday updated its medium-term financial objectives ahead of its 2025 investor day in Toronto.

The company has increased its target for base return on equity to 19%+, from 16% to 17% and introduced a new objective for base capital generation of 80%+.

Great-West reiterated its base earnings per share growth target of 8-10% and base dividend payout ratio objective of 45% to 55%.

"Today's update demonstrates our confidence in the future of our business, which is why we've updated our medium-term financial objectives, including increasing our objective for Base Return on Equity," said Chief Executive Paul Mahon.