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UFC, Live Events Buoy Endeavor Q2 Results

UFC, Live Events Buoy Endeavor Q2 Results

Endeavor Group said revenue rose 18% to $1.3 billion last quarter led by higher media rights fees and live event, partnership, consumer product and licensing revenues at UFC as well as the return of live events.

Owned sports properties, which includes UFC, saw revenue of $332 million up 28% from the 2021 quarter. Adjusted EBITDA – a kind of operating income — of $161 million grew 22%.

The representation business, and the company’s Events, Experiences & Rights division also grew.

“We benefited from strong growth globally across our segments in the second quarter,” said CEO Ariel Emanuel. “While we recognize there are broader macroeconomic forces at play, given the quarter’s performance and our line of sight through the end of the year, we’ve once again raised our Adjusted EBITDA guidance. We remain focused on our long-term strategy – leveraging the diversity and scale of our businesses to drive maximum value for our shareholders, our clients and our owned IP.”

Emanuel will host a conference call at 5 pm ET to discuss the numbers.

The new guidance he referred to for full year 2022 is a range between $1.13 billion to $1.17 billion — up $25 million from the prior guidance midpoint.

Revenue is expected to be between $5.2 billion and $5.47 billion

Events, Experiences & Rights segment revenue of $628 million was up 19% driven by the return of full-capacity live events including music festivals, the Masters, and the NCAA Final Four, as well as the inclusion of the Madrid Open and NCSA acquisitions. Adjusted EBITDA was $108 million, up a hefty 194% year-over-year.

Representation revenue was $358 million, up 9% on continued strong demand for talent including the recovery of music and comedy touring, as well as increased corporate client spending, partially offset by the sale of the restricted portion of Endeavor Content

Endeavor swung to a net income of $42 million from a loss of $517 million a year ago. EPS was 9 cents from a $1.24 loss. Year-earlier losses were inflated by $387 million in equity-based compensation expense to top executives following the company’s IPO.

Cash and cash equivalents totaled $1.8 billion at the end of June, from $2 billion as of March 31. Total debt of $5.68 billion compared to $5.7 billion.  Endeavor said it plans to repay $250 million of debt by the end of Q3, supported by an enhanced cash position from the recent $400 million reduction in OpenBet purchase price and expected proceeds from the recently announced sale of Diamond Baseball Holdings to Silver Lake.

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2022 CrossFit Games Event 11 “The Alpaca” Results — Khrennikov Commanding with Kettlebells | BarBend

2022 CrossFit Games Event 11 “The Alpaca” Results — Khrennikov Commanding with Kettlebells | BarBend

The final day of the 2022 CrossFit Games had a doozy of an opening event. “The Alpaca” featured a custom sled filled with kettlebells and challenged the remaining athletes who survived the cut (anyone in 30th place overall or better on their respective leaderboard) to prowler pushes and kettlebell clean & jerks.

Defending five-time Fittest Woman on Earth®, Tia-Clair Toomey, held a 98-point lead over Mal O’Brien in second place. A sixth consecutive title seemed all but guaranteed for Toomey if she could avoid disaster on the final day. The race for the bronze in the Individual Women’s division was where the heat was, as Emma Lawson was only five points ahead of fourth-place Danielle Brandon.

Defending reigning Fittest Man on Earth®, Justin Medeiros, was 17 points ahead of second-place Ricky Garard on the overall leaderboard entering the final day. Roman Khrennikov was 22 points behind Garard, so while the Men’s leaderboard was likely going to be those three men, where on the podium they would stand was still in flux.

Event 11 — “The Alpaca” Results

Here are the full results:

Individual Women’s Results

  1. Laura Horvath — 6:46.96
  2. Dani Speegle — 7:25.72
  3. Karin Freyová — 7:57.17
  4. Ellie Turner — 8:00.90
  5. Gabriela Migała — 8:04.36
  6. Alexis Raptis — 8:06.83
  7. Emma McQuaid — 8:28.28
  8. Amanda Barnhart — 8:38.24
  9. Kara Saunders — 8:45.35
  10. Arielle Loewen — 8:49.08

Individual Men’s Results

  1. Roman Khrennikov — 6:23.92
  2. Sam Kwant — 6:39.88
  3. Pat Vellner — 6:41.12
  4. Guilherme Malheiros — 6:44.79
  5. Justin Medeiros — 6:46.48
  6. Jayson Hopper — 6:48.56
  7. Ricky Garard — 6:50.63
  8. Tim Paulson — 6:53.66
  9. Lazar Đukić — 6:58.07
  10. Jonne Koski — 7:01.54

[Check In: 2022 NOBULL CrossFit Games Results and Leaderboard]

Event 11 — The Alpaca

For time:

  • 126-foot Sled Push (decreasing in load)
  • 20 Kettlebell Clean & Jerks
  • 42-foot Sled Push with Two Kettlebells
  • 15 Kettlebell Clean & Jerks
  • 42-foot Sled Push with Four Kettlebells
  • 10 Kettlebell Clean & Jerks
  • 42-foot Sled Push with Six Kettlebells

Women: Six 24-kilogram kettlebells | Men: Six 32-kilogram kettlebells.

Time cap: 18 minutes.

The event initially programmed rope climbs, but the slick conditions caused by rain compelled the CrossFit Games Demo Team and Director of Programming Adrian Bozman to remove the rope climbs for safety concerns.

Athletes will start with a sled loaded with six kettlebells. They will progress down the field, unloading pairs of kettlebells as they go. Once to the other side, they will complete 20 kettlebell clean & jerks with the first pair. They will then load the kettlebells into the sled and push it downfield to the second pair of kettlebells. They’ll do 15 clean & jerks, load the sled, and continue downfield. Then they’ll do 10 clean & jerks with the third pair of kettlebells and push the fully loaded sled to the finish line.

[Related: Don Faul, a Retired Marine and Former Tech Exec, is the New CEO of CrossFit]

Event 11 Recap

All 30 remaining men in the competition took the field simultaneously for Event 11. The “Alpaca Sled” was designed by Rogue specifically for this event. Travis Mayer and Sam Kwant figured out the most efficient way to push it the quickest, as they were the first two to reach the first round of clean & jerks.

Vellner and Khrennikov joined Kwant and Mayer in the lead, but Khrennikov was the first back to the sled. Garard was towards the front of the field, but notably ahead of Medeiros, who was the only man in the event he cared to beat.

Justin Medeiros has fallen off the pace — currently eighth in the heat!

Khrennikov furthered his lead, but Garard and Kwant did their best to prevent Khrennikov from running away with it. Khrennikov paid them no heed as he took his second event win of the competition. Kwant was the runner-up with Vellner behind him. Medeiros surged at the final moment to overtake Garard and finish two ranks ahead, extending his lead over the Australian.

[Related: Kealan Henry Withdraws From the 2022 CrossFit Games on Day Three]

Women’s Heat

Rebecca Fuselier was in 30th place overall to make the cut at the end of day four and moved to the field with the other 29 remaining athletes. Brandon made a mistake early in the heat as she stopped pushing the sled at the wrong mark. Building the momentum back up cost her valuable time. 

The kettlebells appeared to be very heavy as much of the field struggled with stability. Horvath was the first to finish the initial round of kettlebells and separated herself from the field. Freyová and Speegle joined Horvath at the second rank downfield but had a handful of clean & jerks to make up. Toomey was 17 reps behind Horvath.

Brandon sought to beat Lawson in the event to move into podium position and made up for her early stumble as Lawson suffered several unfortunate no-reps. Horvath finished her final clean & jerks in an almost casual fashion, thanks to the buffer she built between herself and the rest of the field. She crossed the finish line first in a time of 6:46.96. It was the fifth Games event win of her career.

Speegle crossed the finish line second, extending her excellent back half of the competition. Migała and Turner raced for third, and though it seemed like Migała was going to take it, she abandoned her sled too early and had to run back to push it past the finish line.

Featured image: @roman_khrennikov on Instagram

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Great-West Lifeco reports second quarter 2022 results

Great-West Lifeco reports second quarter 2022 results

This release should be read in conjunction with Great-West Lifeco’s Quarterly Report to Shareholders for the period ended June 30, 2022, available on greatwestlifeco.com. The Quarterly Report to Shareholders includes the Company’s interim Management’s Discussion & Analysis (MD&A) and condensed consolidated interim unaudited Financial Statements for the period, prepared in accordance with International Financial Reporting Standards (IFRS) as issued by the International Accounting Standards Board unless otherwise noted. Additional information relating to Great-West Lifeco is available on sedar.comOpens a new website in a new window. Readers are referred to the cautionary notes regarding Forward-Looking Information and Non-GAAP Financial Measures and Ratios at the end of this release. All figures are expressed in millions of Canadian dollars, unless otherwise noted.

 

Winnipeg, August 3, 2022 – Great-West Lifeco Inc. (Lifeco or the Company) today announced its second quarter 2022 results. Net earnings of $735 million were down by 6% and base earnings1 of $830 million were slightly up compared to the same period in 2021.

“Against the backdrop of falling equity markets and elevated inflation, the Company’s well diversified and resilient business portfolio delivered solid results,” said Paul Mahon, President and CEO of Great-West Lifeco. “Strong insurance and investment results offset the dampening effect of equity markets on wealth and asset management businesses. We are pleased with the progress we are making on our strategic priorities including the recent close of Empower’s acquisition of the full-service retirement business of Prudential Financial Inc. The integration of this and our other acquired businesses in the U.S. are on track and we remain confident in the outlook for Empower and our value creation objectives for the business.”

Key Financial Highlights

In the second quarter of 2022, equity markets in the regions where the Company operates exhibited heightened volatility and ended 5% to 16% lower than March 31, 2022 levels. Interest rates increased 80-105bps in response to elevated, broad based levels of inflation which are impacting business and consumer confidence. In addition, the Canadian dollar strengthened notably against the British pound and the Euro, although weakened somewhat against the U.S. dollar.

Base earnings per share (EPS) for the second quarter of 2022 of $0.89 was consistent with $0.89 a year ago. This reflected strong insurance and investment results in all geographies which more than offset reduced net fee income from wealth management businesses and negative currency movement impacts. Base earnings grew year-over-year in the Canada, Europe and Capital and Risk Solutions segments. The U.S. segment base earnings were the most impacted by market conditions resulting in lower year-over-year base earnings notwithstanding the addition of Prudential business related base earnings of $45 million (US$35 million).

1 Base earnings is a non-GAAP financial measure. Refer to the “Non-GAAP Financial Measures and Ratios” section of this document for additional details.2 Base EPS and base return on equity are non-GAAP ratios. Refer to the “Non-GAAP Financial Measures and Ratios” section of this document for additional details.3 Base return on equity and return on equity are calculated using the trailing four quarters of applicable earnings and common shareholders’ equity.

Reported net EPS for the second quarter of 2022 was $0.79, down from $0.84 a year ago, primarily due to higher acquisition related costs largely from the Prudential acquisition. Also, the second quarter of 2021 included a revaluation of deferred taxes resulting in an increase in taxes in the Europe segment; there was no revaluation in 2022.

Return on equity of 13.7% and base return on equity of 14.5% in the second quarter of 2022 continued to be solid in light of the macroeconomic challenges and remain within our target range.

Business Highlights

Strategic acquisition of the full-service retirement business of Prudential Financial, Inc. closed

  • On April 1, 2022, a Lifeco subsidiary, Great-West Life & Annuity Insurance Company (GWL&A), which operates primarily as “Empower”, closed the previously announced acquisition of the full-service retirement business of Prudential Financial, Inc. (Prudential).  With the close of the acquisition, Empower’s reach in the U.S. has expanded to more than 17.4 million retirement plan participants and assets under administration (AUA) to US$1.3 trillion on behalf of approximately 71,000 workplace savings plans as of June 30, 2022.

    The Company funded the total transaction value of US$3,480 million with US$1,193 million of limited recourse capital notes and US$823 million of short-term debt, in addition to existing resources.

    The Prudential acquisition added $116 billion in total on balance sheet assets, $1 billion in other assets under management4 and $250 billion in other assets under administration4 to the U.S. segment as at June 30, 2022.

    On August 1, 2022, Great-West Life & Annuity Insurance Company changed its legal name to Empower Annuity Insurance Company of America.

Capital strength and financial flexibility maintained

  • The Company’s capital position remained strong at June 30, 2022, with a LICAT Ratio5 for Canada Life, Lifeco’s major Canadian operating subsidiary, of 117% which is near the high end of the Company’s internal target range and above the supervisory target. The LICAT Ratio reduced by two points in the quarter mainly due to the material in-quarter increase in interest rates.
  • On July 21, 2022, OSFI released the 2023 LICAT Guideline.  The Company will first report under this guideline in its March 31, 2023 LICAT filing.  Based on an initial review of the guideline under the current market and economic conditions, the Company expects a positive impact to the March 31, 2023 LICAT Ratio6 on transition.

Consolidated assets of $670 billion and assets under administration7 of $2.3 trillion

  • Consolidated assets were approximately $670 billion and AUA were approximately $2.3 trillion as at June 30, 2022, an increase of 6% and 2%, respectively, from December 31, 2021.

Other Developments

  • On June 28, 2022, the Company hosted an analyst discussion on the expected impacts of the upcoming implementation of IFRS 178. The Company does not expect the new standard to have a material financial impact or to change the Company’s underlying business strategy9.
  • The Company participated in the International Sustainability Standards Board (ISSB) consultation on two new draft standards which will help facilitate consistent, comparable and timely sustainability information for the good of the capital markets and, more importantly, our planet and our communities.  The Company is a proud supporter of the ISSB as a member of the Coalition of Canadian Champions.

4 Refer to the “Glossary” section of the Company’s second quarter of 2022 interim MD&A for additional details on the composition of other assets under management and other assets under administration.

5 The Life Insurance Capital Adequacy Test (LICAT) Ratio is based on the consolidated results of The Canada Life Assurance Company (Canada Life), Lifeco’s major Canadian operating subsidiary. The LICAT Ratio is calculated in accordance with the Office of Superintendent of Financial Institutions (OSFI)’ guideline – Life Insurance Capital Adequacy Test. Refer to the “Capital Management and Adequacy” section of the Company’s second quarter of 2022 interim MD&A for additional details.

6 Actual impact will depend on market and economic conditions and the Company’s operating results at the time of transition.

7 Assets under administration is a non-GAAP financial measure. Refer to the “Non-GAAP Financial Measures and Ratios” section of this document for additional details.

8 IFRS 17, Insurance Contracts (IFRS 17) will replace IFRS 4, Insurance Contracts effective January 1, 2023. The new standard will change the recognition and measurement of insurance contracts and the corresponding presentation and disclosures in the Company’s financial statements.

9 Refer to the “Update on transition to IFRS 17 and IFRS 9” section of the Company’s second quarter of 2022 interim MD&A for additional details.

SEGMENTED OPERATING RESULTS

For reporting purposes, Lifeco’s consolidated operating results are grouped into five reportable segments – Canada, United States, Europe, Capital and Risk Solutions and Lifeco Corporate – reflecting the management and corporate structure of the Company. For more information, refer to the Company’s second quarter of 2022 interim MD&A.

CANADA

  • Q2 Canada segment base earnings of $296 million and net earnings of $301 million – Base earnings for the second quarter of 2022 were $296 million, up 1% compared to the second quarter of 2021. The increase was primarily due to favourable morbidity and investment experience in Group Customer, partially offset by lower fee income and unfavourable experience in Individual Customer. 
  • Canada Life announced 2022 dividend scale for participating life insurance – On May 12, 2022, Canada Life announced the dividend scale interest rate will increase for the policies in the combined open participating account effective July 1, 2022 to 5.25%.
  • Significant joint sale with ClaimSecure Inc. (ClaimSecure) – Canada Life Group Customer and ClaimSecure had their first significant joint sale in the second quarter of 2022.  Integration is going well and quoting momentum is strong. Partnering with ClaimSecure has enhanced Canada Life’s ability to provide leading workplace benefits solutions to Canadians.

UNITED STATES

  • Q2 United States (U.S.) Financial Services base earnings of US$123 million ($156 million) and net earnings of US$84 million ($107 million) – U.S. Financial Services base earnings for the second quarter of 2022 were US$123 million ($156 million), down US$16 million or 12% from the second quarter of 2021.  The decrease was primarily due to lower Empower net fee income and higher operating expenses to support participant growth.  These items were partially offset by base earnings of US$35 million ($45 million) related to the Prudential acquisition as well as higher contributions from investment experience.

    Transaction costs of US$42 million ($53 million) related to the Prudential acquisition were included in the U.S. Corporate results.

  • Run-rate cost synergies are on track – Annualized run rate cost synergies of US$88 million pre-tax have been achieved as of June 30, 2022 related to the Company’s acquisition of MassMutual’s retirement services business compared to US$80 million as of March 31, 2022.  The Company remains on track to achieve run rate cost synergies of US$160 million pre-tax at the end of integration in 2022.

    Empower anticipates realizing cost synergies through the migration of Prudential’s retirement services business onto Empower’s recordkeeping platform.  Estimated run-rate cost synergies of US$180 million are expected to be phased in over 24 months primarily when systems migrations are completed.  As of June 30, 2022, annualized run rate cost synergies of US$25 million pre-tax have been achieved.

  • Empower growth in AUA and participant accounts – Empower AUA increased to US$1.3 trillion at June 30, 2022 from US$1.1 trillion at December 31, 2021.  Empower participant accounts have grown to 17.4 million at June 30, 2022, up from 13.0 million at December 31, 2021.  The increases in AUA and participants were primarily the result of the Prudential acquisition.
  • Q2 Putnam net loss of US$9 million ($12 million) – Putnam’s net loss for the second quarter of 2022 was US$9 million ($12 million), compared to net earnings of US$17 million ($21 million) in the second quarter of 2021, primarily due to lower asset based fee revenue and lower net investment income, partially offset by lower expenses.  For Putnam, there were no differences between net and base earnings (loss).
  • Putnam continues to sustain strong investment performance – As of June 30, 2022, approximately 65% and 79% of Putnam’s fund assets performed at levels above the Lipper median on a three-year and five-year basis, respectively.  In addition, 42% and 64% of Putnam’s fund assets were in the Lipper top quartile on a three-year and five-year basis, respectively.  Putnam has 23 funds currently rated 4 or 5 stars by Morningstar Ratings.
  • Putnam launched new sustainable investment options – During the second quarter of 2022, Putnam made a series of product-related announcements to meet evolving market demand for sustainable investment options, which are expected to launch over the coming months.

EUROPE

  • Q2 Europe segment base earnings of $208 million and net earnings of $229 million – Base earnings for the second quarter of 2022 were $208 million, up 13% compared to the second quarter of 2021, primarily due to favourable investment experience in the U.K, favourable morbidity experience in Ireland as well as favourable mortality experience in the U.K. and Ireland, partially offset by the impact of currency movement.  In addition, the Company had a revaluation of deferred taxes resulting in an increase in taxes in the second quarter of 2021; there was no revaluation in 2022. Net earnings for the second quarter of 2022 were $229 million, up $44 million or 24% from the second quarter of 2021, primarily due to an increase in base earnings as well as favourable market-related impacts driven by property cash flows in the U.K. in 2022 and unfavourable U.K. tax legislation changes in 2021. The increase was partially offset by lower actuarial assumption changes.
  • Strong Insurance and Annuity sales10 – In the second quarter of 2022, Insurance and Annuity sales increased by 21% over the second quarter of 2021.
  • Irish Life invested in a minority shareholding in Multiply.AI (Multiply) – In the second quarter of 2022, Irish Life invested in a minority shareholding in U.K.-based financial technology company Multiply.  Multiply helps clients achieve their financial goals by connecting them through an automated digital advice service to their own individual financial plans with recommended next steps and access to their chosen advisor.  This investment allows Irish Life to build on its existing digital capabilities by designing and building compliant digital customer journeys specific to the Irish market.
  • Canada Life U.K. recognized as leading provider – The recent group protection industry survey ‘Group Watch 2022’ from Swiss Re confirmed Canada Life U.K. as the leading provider by in-force premium, policies and lives insured.
  • Canada Life’s Credit Rating improved in Germany – In the second quarter of 2022, ASSEKURATA Assekuranz Rating-Agentur GmbH, a German financial strength rating agency, raised the credit rating of Canada Life Assurance Europe plc, a subsidiary of Canada Life, from AA- to AA, making Canada Life one of the highest rated life insurance companies in Germany.

10 Refer to the “Glossary” section of the Company’s second quarter of 2022 interim MD&A for additional details on the composition of sales.

CAPITAL AND RISK SOLUTIONS

  • Q2 Capital and Risk Solutions segment base earnings of $174 million and net earnings of $167 million Base earnings for the second quarter of 2022 were $174 million, up 16% compared to the second quarter of 2021, primarily due to growth in business in-force, favourable claims experience in the U.S. life business and the commutation of a reinsurance treaty, partially offset by the impact of currency movement.
  • Continue growing presence in the global reinsurance market – In the second quarter of 2022, Capital and Risk Solutions continued growing its international presence in Asia, Europe and the U.S.  The Company entered into another reinsurance transaction in Israel, completed new longevity contracts in the U.K. and added new structured transactions in the U.S. during the quarter.

QUARTERLY DIVIDENDS

The Board of Directors approved a quarterly dividend of $0.4900 per share on the common shares of Lifeco payable September 29, 2022 to shareholders of record at the close of business September 1, 2022.

In addition, the Directors approved quarterly dividends on Lifeco’s first preferred shares payable September 29, 2022 to shareholders of record at the close of business September 1, 2022, as follows:

First Preferred Shares

Amount, per share

Series G

$0.3250

Series H

$0.30313

Series I

$0.28125

Series L

$0.353125

Series M

$0.3625

Series N

$0.109313

Series P

$0.3375

Series Q

$0.321875

Series R

$0.3000

Series S

$0.328125

Series T

$0.321875

Series Y

$0.28125

For purposes of the Income Tax Act (Canada), and any similar provincial legislation, the dividends referred to above are eligible dividends.

Second Quarter Conference Call

Lifeco’s second quarter conference call and audio webcast will be held August 4, 2022 at 2:30 p.m. (ET). The call and webcast can be accessed through greatwestlifeco.com/news-events/events or by phone at:

  • Participants in the Toronto area: 416-915-3239
  • Participants from North America: 1-800-319-4610

A replay of the call will be available until September 4, 2022 and can be accessed by calling 1-855-669- 9658 or 604-674-8052 (passcode: 9170). The archived webcast will be available on greatwestlifeco.com.

Selected financial information is attached.

GREAT-WEST LIFECO INC.

Great-West Lifeco is an international financial services holding company with interests in life insurance, health insurance, retirement and investment services, asset management and reinsurance businesses. We operate in Canada, the United States and Europe under the brands Canada Life, Empower, Putnam Investments, and Irish Life. At the end of 2021, our companies had approximately 28,000 employees, 215,000 advisor relationships, and thousands of distribution partners – all serving over 33 million customer relationships across these regions. Great-West Lifeco trades on the Toronto Stock Exchange (TSX) under the ticker symbol GWO and is a member of the Power Corporation group of companies. To learn more, visit greatwestlifeco.com.

Basis of presentation

The condensed consolidated interim unaudited financial statements of Lifeco have been prepared in accordance with International Financial Reporting Standards (IFRS) unless otherwise noted and are the basis for the figures presented in this release, unless otherwise noted.

Cautionary note regarding Forward-Looking Information

This release may contain forward-looking information.  Forward-looking information includes statements that are predictive in nature, depend upon or refer to future events or conditions, or include words such as “will”, “may”, “expects”, “anticipates”, “intends”, “plans”, “believes”, “estimates”, “objective”, “target”, “potential” and other similar expressions or negative versions thereof.  These statements include, without limitation, statements about the expected impact (or lack of impact) of IFRS 17, Insurance Contracts and IFRS 9, Financial Instruments on the Company’s business strategy, financial strength, deployable capital, Life Insurance Capital Adequacy Test (LICAT) ratio, base and net earnings, shareholders’ equity, ratings and leverage ratios.  Forward-looking information also includes statements about the Company’s operations, business (including business mix), financial condition, expected financial performance (including revenues, earnings or growth rates), ongoing business strategies or prospects, climate-related goals, anticipated global economic conditions and possible future actions by the Company, including statements made with respect to the expected cost (including deferred consideration), benefits, timing of integration activities and timing and extent of revenue and expense synergies of acquisitions and divestitures, including but not limited to the acquisitions of the full-service retirement business of Prudential Financial Inc. (Prudential), Personal Capital Corporation (Personal Capital) and the retirement services business of Massachusetts Mutual Life Insurance Company (MassMutual), expected capital management activities and use of capital, estimates of risk sensitivities affecting capital adequacy ratios, expected dividend levels, expected cost reductions and savings, expected expenditures or investments (including but not limited to investment in technology infrastructure and digital capabilities and solutions), the timing and completion of the joint venture between Allied Irish Banks plc and Canada Life Irish Holding Company Limited, the impact of regulatory developments on the Company’s business strategy and growth objectives, the expected impact of the current pandemic health event resulting from the coronavirus (COVID-19) and related economic and market impacts on the Company’s business operations, financial results and financial condition.

Forward-looking statements are based on expectations, forecasts, estimates, predictions, projections and conclusions about future events that were current at the time of the statements and are inherently subject to, among other things, risks, uncertainties and assumptions about the Company, economic factors and the financial services industry generally, including the insurance, mutual fund and retirement solutions industries.  They are not guarantees of future performance, and the reader is cautioned that actual events and results could differ materially from those expressed or implied by forward-looking statements.  Many of these assumptions are based on factors and events that are not within the control of the Company and there is no assurance that they will prove to be correct.  In particular, statements about the expected impact of IFRS 17 on the Company (including statements about the impact on base and net earnings and the Canada Life Assurance Company LICAT Ratio) are based on the Company’s expected 2022 IFRS 4 earnings mix and composition as at the start of 2022, adjusted to reflect fully synergized earnings from the acquisitions of MassMutual’s and Prudential’s retirement businesses, and on current market and economic conditions.  In all cases, whether or not actual results differ from forward-looking information may depend on numerous factors, developments and assumptions, including, without limitation, the severity, magnitude and impact of the COVID-19 pandemic including the effects of the COVID-19 pandemic and the effects of governments’ and other businesses’ responses to the COVID-19 pandemic on the economy and the Company’s financial results, financial condition and operations), the duration of COVID-19 impacts and the availability and adoption of vaccines, the effectiveness of vaccines, the emergence of COVID-19 variants, geopolitical tensions and related economic impacts, assumptions around sales, fee rates, asset breakdowns, lapses, plan contributions, redemptions and market returns, the ability to integrate the acquisitions of Personal Capital and the retirement services business of MassMutual and Prudential, the ability to leverage Empower’s, Personal Capital’s and MassMutual’s and Prudential’s retirement services businesses and achieve anticipated synergies, customer behaviour (including customer response to new products), the Company’s reputation, market prices for products provided, sales levels, premium income, fee income, expense levels, mortality experience, morbidity experience, policy and plan lapse rates, participant net contribution, reinsurance arrangements, liquidity requirements, capital requirements, credit ratings, taxes, inflation, interest and foreign exchange rates, investment values, hedging activities, global equity and capital markets (including continued access to equity and debt markets), industry sector and individual debt issuers’ financial conditions (including developments and volatility arising from the COVID-19 pandemic, particularly in certain industries that may comprise part of the Company’s investment portfolio), business competition, impairments of goodwill and other intangible assets, the Company’s ability to execute strategic plans and changes to strategic plans, technological changes, breaches or failure of information systems and security (including cyber attacks), payments required under investment products, changes in local and international laws and regulations, changes in accounting policies and the effect of applying future accounting policy changes, changes in actuarial standards, unexpected judicial or regulatory proceedings, catastrophic events, continuity and availability of personnel and third party service providers, the Company’s ability to complete strategic transactions and integrate acquisitions, unplanned material changes to the Company’s facilities, customer and employee relations or credit arrangements, levels of administrative and operational efficiencies, changes in trade organizations, and other general economic, political and market factors in North America and internationally.  In addition, as we work to advance our climate goals, external factors outside of Lifeco’s reasonable control may act as constraints on their achievement, including varying decarbonization efforts across economies, the need for thoughtful climate policies around the world, more and better data, reasonably supported methodologies, technological advancements, the evolution of consumer behavior, the challenges of balancing interim emissions goals with an orderly and just transition, and other significant considerations such as legal and regulatory obligations. 

The reader is cautioned that the foregoing list of assumptions and factors is not exhaustive, and there may be other factors listed in other filings with securities regulators, including factors set out in the Company’s 2021 Annual MD&A under “Risk Management and Control Practices” and “Summary of Critical Accounting Estimates” and in the Company’s annual information form dated February 9, 2022 under “Risk Factors”, which, along with other filings, is available for review at www.sedar.comOpens a new website in a new window. The reader is also cautioned to consider these and other factors, uncertainties and potential events carefully and not to place undue reliance on forward-looking information. 

Other than as specifically required by applicable law, the Company does not intend to update any forward-looking information whether as a result of new information, future events or otherwise.

Cautionary note regarding Non-GAAP Financial Measures and Ratios

This release contains some non-Generally Accepted Accounting Principles (GAAP) financial measures and non-GAAP ratios as defined in National Instrument 52-112 “Non-GAAP and Other Financial Measures Disclosure”. Terms by which non-GAAP financial measures are identified include, but are not limited to, “base earnings (loss)”, “base earnings (loss) (US$)” and “assets under administration”. Terms by which non-GAAP ratios are identified include, but are not limited to, “base earnings per common share (EPS)”, and “base return on equity (ROE)”. Non-GAAP financial measures and ratios are used to provide management and investors with additional measures of performance to help assess results where no comparable GAAP (IFRS) measure exists. However, non-GAAP financial measures and ratios do not have standard meanings prescribed by GAAP (IFRS) and are not directly comparable to similar measures used by other companies. Refer to the “Non-GAAP Financial Measures and Ratios” section in this release for the appropriate reconciliations of these non-GAAP financial measures to measures prescribed by GAAP as well as additional details on each measure and ratio.

For more information:

Media Relations
Liz Kulyk
204-391-8515
media.relations@canadalife.com

Investor Relations
Deirdre Neary
647-328-2134
deirdre.neary@canadalife.com

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PDC to expand Women’s Series to 24 events in 2023; Women’s World Matchplay will be staged again

PDC to expand Women's Series to 24 events in 2023; Women's World Matchplay will be staged again

Prize money of 145,000 on offer during expanded Women’s Series in 2023; Women’s World Matchplay will be staged again next year; inaugural Women’s World Matchplay live on Sky Sports Action from 1pm on Sunday, with Fallon Sherrock and Lisa Ashton among the players involved

Last Updated: 23/07/22 9:12am

Fallon Sherrock is one of the eight players participating in the inaugural Women's World Matchplay in Blackpool on Sunday

Fallon Sherrock is one of the eight players participating in the inaugural Women’s World Matchplay in Blackpool on Sunday

The Professional Darts Corporation has announced that its Women’s Series will expand to 24 events for the 2023 season with £145,000 in prize money to be offered in total.

The eight-player Women’s World Matchplay – which is being staged for the first time this Sunday in Blackpool, live on Sky Sports from 1pm – will return in 2023.

Fallon Sherrock and Lisa Ashton are among the players competing at the first Women’s World Matchplay.

Qualification for that event next year will come from a 12-month Order of Merit commencing from the Women’s Series events in August 2022.

Laura Turner has the lowdown on the players who will be battling it out at the inaugural Women's World Matchplay on Sunday, live on Sky Sports

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Laura Turner has the lowdown on the players who will be battling it out at the inaugural Women’s World Matchplay on Sunday, live on Sky Sports

Laura Turner has the lowdown on the players who will be battling it out at the inaugural Women’s World Matchplay on Sunday, live on Sky Sports

Live Women’s World Matchplay Darts

July 24, 2022, 1:00pm

Live on

The Order of Merit will include eight tournaments across the remaining two Women’s Series weekends of 2022 as well as an expected 12 events in the first half of 2023.

Twenty-four Women’s Series events will be held across six weekends next year. Each tournament is worth £5,000 in prize money.

PDC Chief Executive Matt Porter said: “We’ve been hugely encouraged by the increased interest in the PDC Women’s Series this year, with entries up by 50 percent to 100 on average, and there’s a lot of excitement ahead of the Betfred Women’s World Matchplay on Sunday.

“The Women’s World Matchplay will feature a great mix of experienced players and emerging faces, and it’s going to be fascinating to see them on stage at the Winter Gardens challenging for that title.

“With players also competing in the Cazoo Grand Slam of Darts and Cazoo World Championship, the opportunities for women within the PDC have never been greater and it’s a boost that we can continue to grow this aspect of the sport in 2023.”

Sherrock (left) plays Katie Sheldon in this Sunday's quarter-finals, with Lisa Ashton (right) to open up against Chloe O'Brien

Sherrock (left) plays Katie Sheldon in this Sunday’s quarter-finals, with Lisa Ashton (right) to open up against Chloe O’Brien

The Women’s Series will continue with events 13-16 in Hildesheim, Germany on August 27-28 ahead of the year’s final weekend in Wigan on October 29-30 with events 17-20.

2022 Women’s World Matchplay
Sunday July 24
Draw Bracket
(1) Lisa Ashton v (8) Chloe O’Brien
(4) Aileen de Graaf v (5) Laura Turner
(2) Fallon Sherrock v (7) Katie Sheldon
(3) Lorraine Winstanley v (6) Rhian Griffiths

Format
Quarter-Finals – Best of seven legs
Semi-Finals – Best of nine legs
Final – Best of 11 legs

Prize Money
Winner: £10,000
Runner-Up: £5,000
Semi-Finalists: £2,500
Quarter-Finalists: £1,250
Total: £25,000

Check out daily Darts news on skysports.com/darts, our app for mobile devices and our Twitter account @skysportsdarts. Watch the inaugural Women’s World Matchplay live on Sky Sports Action from 1pm on Sunday.

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Derby results from Sunday’s events

The 113th Annual Weyburn Fair Days concluded Sunday, with the Demolition Derby and other events held at the exhibition grounds.

Jeff Clay, Entertainment Co-Director with the Weyburn Agricultural Society shared the details of the winners.

“The Rumble in the Ring results were Colton Dodd took first place in the feature, and Jarad Bourassa took second, and Dustin Kennedy got third,” he shared. “We had the lawnmower course race which TJ Metheral took first and Freddie DeWinter was second. We had the lawn mower drag races where Carson Thule he took first, and Curtis Robertson got second.”

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“The minivan mass, yours truly, Jeff Clay, took first place, and second place was TJ Metheral,” he continued. “For the mechanics’ heat, Sheldon St. Denis won, the ‘Doggonnit’ award went to Logan Waddell, which is the tough luck award. Best dressed was Mac Metheral’s car, but we have to give all the credit to Jenna for painting it for him. The Mad Dog Award went to Colton Dodd and the hardest hit went to Jeff Clay.” 

The Winner of the Soo Line Cruisers Car Club Fair Days Show was Guy Church with his 1969 Plymouth Roadrunner, and the winners of their Smoke Show were Nathan Hallberg And Dennis Cherpin.

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WWE Sunday Stunner Live Event Results From Waco (7/10) – Wrestling Inc.

WWE Sunday Stunner Live Event Results From Waco (7/10) - Wrestling Inc.

WWE held its Sunday Stunner show at the Extraco Events Center Coliseum in Waco, Texas. In the main event, Riddle defeated Seth Rollins.

Also during the show, Asuka defeated Becky Lynch,  Veer defeated R-Truth, Dolph Ziggler defeated Theory, and Finn Balor defeated Dominik  Mysterio.

Below are the full results courtesy of WrestlingBodyslam.com: 

* Veer defeated R-Truth

* Ezekiel defeated Ciampa

* WWE 24/7 Champion Dana Brooke defeated Doudrop, then lost to Carmella, then defeated Carmella to retain the title.

* Dolph Ziggler defeated Theory

* Finn Balor defeated Dominik  Mysterio

* Asuka defeated Becky Lynch

* Omos defeated Cedric Alexander

* Riddle defeated Seth Rollins

 

Have a news tip or correction? Send it to [email protected]

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Fury vs. Whyte Results: Live updates of the undercard and main event

Fury vs. Whyte Results: Live updates of the undercard and main event

MMA Fighting has Fury vs. Whyte results live for the Tyson Fury vs. Dillian Whyte fight card at Wembley Stadium in London on Saturday afternoon.

When the main event begins, around 5 p.m. ET, check out our Fury vs. Whyte live round-by-round updates for our live blog. Prior to the main event, we’ll have live updates and results on all the undercard fights below.

Check out Fury vs. Whyte undercard live blog below for the ESPN+ pay-per-view portion that will begin at 2 p.m. ET. Full odds available at DraftKings Sportsbook.

A dramatic promo narrated by Tyson Fury himself kicks off the show.

Tommy Fury vs. Daniel Bocianski

Round 1: Fury with a jab, Bocianski gets right through and hits an overhand right. Fury cutting off the ring. The jab lands for Fury. Bocianski having difficulty closing the distance now. Bocianski coming forward but he can’t find consistently connect. Fury with another good jab that Bocianski just lunges into. Fury goes to the body. Edge goes to Fury after a low intensity round.

MMA Fighting scores the round 10-9 Fury.

Round 2: Counter straight by Fury staggers Bocianski. Fury marches forward looking to follow-up, Bocianski still in recovery mode but it looks like he’s shaken off the cobwebs. Fury stringing together straight punches now. Another right hand lands for Fury. Bocianski looking for short uppercuts in the clinch. Fury to the body. He’s loading up his right hand now. Fury with a jab. Ref warns Fury about throwing a punch to the back of Bocianski’s body. Fury scores with a combination.

MMA Fighting scores the round 10-9 Fury. Overall, 20-18 Fury.

Round 3: Fury goes back to the jab. Bocianski looks to attack the body, but Fury is closing the distance quick. Right scores for Bocianski. Fury with another good combo. Jab backs Bocianski up. Fury turning it up now. Bocianski with a right hand over the top and a tie-up to slow Fury down. Fury goes back to the jab. He hits a double jab and then goes to the body. Bocianski walks into a Fury right to close the round.

MMA Fighting scores the round 10-9 Fury. Overall, 30-27 Fury.

Round 4: Fury with a right to the body as he walks Bocianski down against the ropes. Fury hits a four-punch combo down the middle. Bocianski can’t get close without getting hit. Fury jab is answered by Bocianski throwing a couple of heavy punches, but Fury with good head movement. Uppercut by Fury. Fury jabs an advancing Bocianski.

MMA Fighting scores the round 10-9 Fury. Overall, 40-36 Fury.

Round 5: Fury comes out jabbing, Bocianski can’t get off the ropes. A combo sends Bocianski tumbling, it’s ruled a push-down not a knockdown. They trade jabs. Big right by Fury connects. Bocianski answers with one of his own. Uppercut by Fury. More hard punches from Fury, Bocianski is hanging in there. Scratch that, huge right drops Bocianski and we’re getting a standing 10-count. Bocianski is OK but Fury immediately presses forward for a finish. Bocianski clinches to survive.

MMA Fighting scores the round 10-8 Fury. Overall, 50-44 Fury.

Round 6: Right hand by Fury, Bocianski answers with a right, and Fury answers back with a combination. Fury landing that uppercut at will. Neither man cutting a quick pace in the final round. Fury lands a three-punch combo. Fury’s right uppercut scores again. We’re going to the cards, a clear victory for Fury.

MMA Fighting scores the round 10-9 Fury. Overall, 60-53 Fury.

Official result: Tommy Fury def. Daniel Bocianski via unanimous decision (60-54)

David Adeleye vs. Chris Healey

Round 1: Both fighters flicking out the jab. Healey with a lunging left to the body. Healey with the pressure, Adeleye backs him up with a body shot. Straight right for Adeleye. He’s starting to land that right hand. Adeleye patiently looking for an opening. Healey with some volume, not much landing clean. Adeleye rips the body with a left hook.

MMA Fighting scores the round 10-9 Adeleye.

Round 2: Adeleye sticking with the jab. A 1-2 connects for Adeleye, he’s getting loose and Healey looks to tie up. Healey walks into a stiff right. Adeleye picking Healey apart. Right hand bangs off Healey’s head. Healey walks into another right hand.

MMA Fighting scores the round 10-9 Adeleye. Overall, 20-18 Adeleye.

Round 3: Healey marches forward but Adeleye keeps him at bay with the jab. Healey with a trio of straight punches. Adeleye pops him with a jab. Big right snaps an advancing Healey’s head back. Healey with a glancing shot to the body. Adeleye with two down the middle, then a body shot. Adeleye hits a hard right.

MMA Fighting scores the round 10-9 Adeleye. Overall, 30-27 Adeleye.

Round 4: Right hand by Adeleye backs up Healey. Left hook hurts Healey bad and he starts wobbling back. A right connects clean and Healey doesn’t go down, but he looks badly dazed. Referee steps in to wave this one off. Good call.

Official result: David Adeleye def. Chris Healey via TKO at 0:52 of Round 4

Isaac Lowe vs. Nick Ball

Round 1: Ball pokes at the body to start, Lowe hunting high. Good rp to the body by Ball. Ball punches his way into a clinch. Lowe catches Ball at the end of a long right hand. Jab for Ball. Lowe jabs and then goes to the body. Big flurry by Lowe, Ball keeping his hands high and tight. Glancing left hook by Ball. Lowe with a left hand. Lowe walks Ball to the ropes and hits a body shot.

MMA Fighting scores the round 10-9 Lowe.

Round 2: Ball turns it up immediately and hits two big head shots. Right hook for Ball, then a left. Lowe catches Ball with a jab. Lowe starting to use his range well. Lowe with a pair of bodu punches. Ball advancing but Lowe staying just at the edge of his reach. Lowe lands a combination. Big left hook by Ball drops Lowe! The action resumes and Ball blasts Lowe with an uppercut. Lowe is eating heavy punches. He gets out of the round.

MMA Fighting scores the round 10-9 Ball. Overall, 19-19.

Round 3: Lowe getting busy with his jab. Ball throws that left hand with intent, he wants to pick up where he left off. Ball hits Lowe to the body. He is all agression and Lowe eats another good punch as they separate. Lowe with a right across the body. Short left for Ball. There’s another short left hook for Ball. Ball hits Lowe with a right hand. Lowe is busy, but can’t get through Ball’s defenses. Lowe to the body. Counter left for Ball.

MMA Fighting scores the round 10-9 Ball. Overall, 29-28 Ball.

Round 4: Both fighters still looking fast as they start the fourth. Lowe with a good left hand, Ball circles out of there. Lowe trying to make this ugly, he’s just digging in with Ball and scrapping. Lowe attacks the body as Ball backs up to the ropes. Ball stays composed and looks to counter punch. Lowe pumps the jab and goes to the body. Ball swinging big, but not landing. Lowe focusing on the body work. Ball just wrestles his way out of there and looks for a head shot. Fun round!

MMA Fighting scores the round 10-9 Lowe. Overall, 38-38.

Round 5: Lowe is getting in and landing. He’s taking shots, but he’s giving two for every one he gets. Ball is hitting him with that power left hook though. Ball with a right hand over the top. Lowe hits a crisp jab. He’s sticking with the body work whenever he’s in range. Ball scores with a 1-2 combo. Ball hits a pair of left hooks followed by a right.

MMA Fighting scores the round 10-9 Ball. Overall, 48-47.

Round 6: This fun scrap continues as they’re just in a phone booth letting the hands rip. Lowe remains the aggressor, Ball looking for that big KO shot. The front of Lowe’s shorts are almost completely red from a cut on his face. Lowe stumbles into the ropes and doesn’t seem to be in a hurry to get out of them. Ball loads up and blasts him with that left hand, then another. Lowe is hurt bad. Referee calls the fight.

Official result: Nick Ball def. Isaac Lowe via TKO at 1:45 of Round 6

Ekow Essuman vs. Darren Tetley

Round 1: Essuman starts off by attacking the body. Straight punches from Essuman as he chases Tetley. Good left hook by Essuman. He’s landing and making Tetley miss. Tetley working the jab, but can’t follow with anything substantial. Essuman peppers the body. Short right hook for Esserman before a wild exchange closes the opening round.

MMA Fighting scores the round 10-9 Essuman.

Round 2: Tetley using his jab to try and find the range. Essuman eats a couple of punches as he advances. Essuman with a body combo. They trade lefts. Tetley busier than he was in the first. Both boxers free swinging. Essuman tags Tetley a few times as Tetley circles away from the ropes. They trade punches in the clinch.

MMA Fighting scores the round 10-9 Tetley. Overall, 19-19.

Round 3: Essuman pressuring Tetley. He’s controlling Round 3 with his jab early on. Tetley just keeping his gloves up and staying in the pocket with Essuman. Tetley doubles up on a jab, but can’t connect. Essuman batters the body. He pumps the jab and Tetley just isn’t throwing anything in this round.

MMA Fighting scores the round 10-9 Essuman. Overall, 29-28 Essuman.

Round 4: Essuman jabs his way in and punches the body. There’s a quick exchange inside. Tetley hits a 1-2. Essuman staying ahead with his jab. Good body shot by Essuman stops Tetley from coming in. Tetley with a left to the body. Tetley with a jab. Essuman pops him with a clean jab on the chin.

MMA Fighting scores the round 10-9 Essuman. Overall, 39-37 Essuman.

Round 5: Essuman beating Tetley to the punch with his jab. Big combo against the ropes for Essuman capped off by a pair of right hands on the chin. Some of the best shots of the fight there. Essuman’s straight punches are landing with some consistency. Tetley just pawing at Essuman as he circles away and retreats. Essuman seems to have settled into a rhythm.

MMA Fighting scores the round 10-9 Essuman. Overall, 49-46 Essuman.

Round 6: Essuman keeping his guard high. Tetley not throwing with much intent. Essuman rips the body. Essuman content to jab his way to a win. Not much happening beyond both fighters throwing single punches and clinching or dancing away from one another.

MMA Fighting scores the round 10-9 Essuman. Overall, 59-55 Essuman.

Round 7: Essuman looks to go body, Tetley with a 1-2 up top. Left hook by Essuman lands. Essuman getting his money’s worth with those body shots in the clinch. Essuman with a quick combo, right hand lands clean to cap it off. Essuman mixing his shots well. Essuman with a body shot at the bell.

MMA Fighting scores the round 10-9 Essuman. Overall, 69-64 Essuman.

Round 8: Essuman opens up in the eighth and he’s doing good damage. Back to the body for Essuman, that’s been money for him all day. Ref content to let the boxers sort out their tie-ups themselves. Lots of dirty boxing. Essuman scores with a short right. He successfully gets in and out to close the round.

MMA Fighting scores the round 10-9 Essuman. Overall, 79-73 Essuman.

Round 9: Essuman going body-body-body. Tetley stuck on the end of Essuman’s jab. Feels like Essuman has a 3-to-1 punching advantage right now, no urgency from Tetley. Tetley making an effort to advance, but he can’t get anything going. Essuman with a stiff combo off of a break. Tetley goes body-head. Essuman answers with a body shot followed by straight punches. Essuman circling now and he catches Tetley with a counter.

MMA Fighting scores the round 10-9 Essuman. Overall, 89-82 Essuman.

Round 10: Essuman showing some aggressiveness at the start of Round 10. He gets that jab right back in Tetley’s face. Tetley goes to the jab and Essuman doesn’t seem concerned. Essuman firing away at the body. Good head movement from Essuman, there’s just no angle for Tetley to work here.

MMA Fighting scores the round 10-9 Essuman. Overall, 99-91 Essuman.

Round 11: Essuman lights Tetley up with both hands and Tetley has to clinch. Tetley advances with a 1-2. Essuman making Tetley miss, he’s just cruising. Essuman with a right down the middle. Long left hand by Essuman.

MMA Fighting scores the round 10-9 Essuman. Overall, 109-100 Essuman.

Round 12: Essuman still bouncy on his feet going into the 12th. He can throw pretty much whatever he wants, Tetley just hanging in there. Essuman connects with a 1-2. Good right hand by Essuman. He’s doing damage in close too. Essuman catches Tetley with a hard right as he steps in.

MMA Fighting scores the round 10-9 Essuman. Overall, 119-109 Essuman.

Official result: Ekow Essuman def. Darren Tetley via unanimous decision (117-111, 116-112, 116-112)

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South African Swing, the results of six events

South African Swing, the results of six events

The 2022 Road to Mallorca kick-started with six co-sanctioned events between the European Challenge Tour and Sunshine Tour in South Africa.

Dimension Data Pro-Am

A strong field entered the season opening Dimension Data Pro-Am at Fancourt Golf Estate, including two-time U.S.

Open Champion Retief Goosen. The South African won the U.S. Open in 2001 and 2004 and has also won the DP World Tour Order of Merit on two occasions. Germany’s Alexander Knappe secured his first win for over five years by posting four bogey-free rounds at the Dimension Data Pro-Am.

The three-time Challenge Tour winner birdied the 72nd hole to finish one-stroke victory ahead of two-time DP World Tour winner Dean Burmester on 23 under par. Bain’s Whisky Cape Town Open JC Ritchie successfully defended his Bain’s Whisky Cape Town Open title after holing a 25-foot birdie putt on the final hole for a one-shot victory at Royal Cape Golf Club.

The South African posted a final day four under par round of 68 to reach 18 under par, one clear of Belgium’s Christopher Mivis, who raced through the field on the final day to set the target at 17 under par. Jonsson Workwear Open Ritchie made it back-to-back wins on the Challenge Tour after he secured a wire-to-wire six-shot victory at the Jonsson Workwear Open and subsequently moved to Number One on the Road to Mallorca Rankings.

The ten-time Sunshine Tour winner got off to a special start in Durban after he carded a course-record nine under par opening round of 61 on his 28th Birthday, which included a hole in one at the par three second hole. Mangaung Open Oliver Hundebøll secured a dramatic maiden Challenge Tour victory at the Mangaung Open after he carded a six under par final round 66 to reach 21 under par.

The Dane entered round four five shots off the pace but carded seven birdies and just one bogey to record a one-shot victory in Bloemfontein. Jbe Kruger carded a course record 61 in round three at Bloemfontein Golf Club, his local course, and the South African eventually finished in a tie for sixth place.

SDC Open Clément Sordet secured his fifth Challenge Tour title at the SDC Open after defeating South African Ruan Conradie in a play-off. Sordet birdied the first extra hole to defeat home favourite Conradie, who could only make par, and secure his first victory since the 2017 NBO Golf Classic Grand Final, a year in which he finished second on the Challenge Tour Rankings behind Finland’s Tapio Pulkkanen.

Limpopo Championship Mateusz Gradecki claimed a maiden Challenge Tour victory in dramatic style at the Limpopo Championship, becoming only the second Challenge Tour winner to hail from Poland after Adrian Meronk. The 27-year-old entered the final round five-strokes behind Hundebøll but carded a brilliant bogey-free six under par round of 66 at Euphoria Golf Club to reach a 19 under par total and finish three shots ahead of South African Hennie du Plessis.

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Eric Adams Drops Out of In-Person Events Pending COVID Test Results

Eric Adams Drops Out of In-Person Events Pending COVID Test Results

One week after attending a reported “super-spreader” event in Washington, D.C., Mayor Eric Adams has been pulled from in-person events while he waits on additional COVID-19 test results.

Adams’ press secretary tweeted that the New York City mayor already took a rapid test that came back negative. It wasn’t clear if Adams was exhibiting any related symptoms.

The announcement followed an updated public schedule sent out to media Sunday morning that removed multiple events, including an appearance on MSNBC and a ribbon cutting at Coney Island’s opening day of Deno’s Wonder Wheel.

Adams was still waiting on a PCR test result Sunday afternoon that was taken “out of an abundance of caution,” his press secretary said.

“The mayor is regularly tested for COVID-19 and has tested negative numerous times since returning from Washington, DC this past weekend,” Press Secretary Fabien Levy said Friday.

Adams was attending in-person events as recently as Friday when he was in Albany, according to his public schedule.

The mayor’s testing comes during a stretch in which several Democratic lawmakers and prominent officials have contracted the virus since dining out at the Gridiron Club last weekend.

Since then, at least 67 people have reportedly tested positive for COVD-19, including House Speaker Nancy Pelosi and NY Rep. Gregory Meeks.

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Check out results from area prep events from Monday, March 28, 2022

Check out results from area prep events from Monday, March 28, 2022

Bloom Twp. 15, TF North 0

RECORDS — TF North 2-3.

River Forest 11, Victory Christian 1

Victory Christian;000 10 — 1 1 1 
River Forest;551 0x — 11 9 1 

WP – Martinez (3 IP, 5 SO). LP – Decker (4 IP, 5 BB, 1 SO). Leading hitters – River Forest – Witt (2-2, HR), Dotson (2-2, 3B), Roach (2B).