Power Financial Corp. today posted a 7.5% rise in fourth-quarter earnings on the back of higher contributions from its subsidiaries.

The financial holding company reported net income of $474 million, or 65¢ a diluted share for the three months ending Dec. 31, 2006. That compared with $441 million, or 60¢ a share, in the same period a year ago.

For the fourth quarter, Great-West Lifeco Inc. reported net income attributable to common shareholders of $491 million, compared with $456 million reported a year ago.

IGM Financial Inc reported net income of $199.6 million for the quarter, compared with net income $177.2 million in 2005.