Empower Grows Earnings 23% to Record High
Base earnings of
More than 20 million now invest with Empower
The retirement services and wealth management provider saw continued growth in sales and net flows during the quarter.
Empower announced it has achieved base earnings of
Empower released results as part of a broader quarterly announcement by its parent company,
“Reaching the milestone of 20 million investors is a powerful reflection of the trust individuals and employers place in us every day,” said Edmund F. Murphy III, president and CEO of Empower. “We are seeing meaningful momentum across our business—from plan sales to pooled employer plans to wealth management—and we remain focused on delivering the solutions, insights, and service our customers need to achieve financial confidence.
“This milestone is about more than scale—it’s about responsibility,” Murphy added. “Earning the trust of 20 million people means showing up every day with the right tools, the right advice, and a relentless focus on helping them build better financial futures. It underscores the role we play in people’s lives and the importance of continuing to innovate and invest on their behalf.”
Empower’s
In addition, Empower Personal Wealth™, the firm’s wealth management unit, realized a 65% year-over-year increase in earnings, driven by strong net flows and demand for financial advice. The unit continued its trajectory of strong growth fueled by a combination of organic client acquisition, deeper engagement with existing customers, and expanded advice offerings.
The company continues to expand its presence as one of the largest retirement services providers in
The integration of workplace and wealth capabilities remains central to Empower’s strategy, enabling individuals to manage their full financial lives—from retirement savings to personal investing—within a single platform.
“Delivering for our customers will always remain our top priority, and that extends to periods of elevated market volatility like this quarter,” said Murphy. “As Empower deepens its relationships, we expect growth to emerge through several factors – greater customer engagement, more holistic advice, an expanded product and service solution set.”
About Empower
Recognized as a leader in retirement services and wealth management,1 Empower administers over
-
Pensions & Investments DC Recordkeeper Survey (2025). Ranking measured by total number of participants as ofDecember 31, 2024 . -
As of
March 31, 2026 . Information refers to all retirement business ofEmpower Annuity Insurance Company of America (EAICA) and its subsidiaries, includingEmpower Retirement, LLC ;Empower Life & Annuity Insurance Company of New York (ELAINY); andEmpower Annuity Insurance Company (EAIC), marketed under the Empower brand. Assets under Administration (AUA) refers to the assets administered by Empower. AUA does not reflect the financial stability or strength of a company.
Empower refers to the products and services offered by
The information contained herein is being provided for discussion purposes only and does not constitute an offer to sell, or a solicitation of an offer to buy or sell securities. All visuals are illustrative only.
©2026
Learn more:
To learn more about how we’re empowering plan sponsors and their participants to be more engaged in their retirement plans than ever before, call us at 800-719-9914.
View source version on businesswire.com: https://www.businesswire.com/news/home/20260506717078/en/
Media contacts:
Source: Empower
