Great-West Lifeco Inc header image

Great-West Lifeco Inc

GWO

Equity

ISIN CA39138C1068 / Valor 689215

Toronto Stock Exchange (2025-03-14)
CAD 51.74+0.54%

Great-West Lifeco Inc
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About company

Great-West Lifeco Inc. is a Canadian-based international financial services holding company that operates through its subsidiaries to offer a diverse range of products and services. The company is primarily engaged in life and health insurance, retirement and investment services, asset management, and reinsurance. Its subsidiary, Canada Life, plays a significant role in providing insurance and wealth management solutions across Canada, the UK, the Isle of Man, and Germany. Additionally, Great-West Lifeco extends its reinsurance services to the U.S. market. The company leverages its extensive expertise and global presence to cater to a wide array of financial needs, positioning itself as a key player in the international financial services industry.

Summarized from source with an LLMView SourceSector: Finance

Latest Results (17.12.2024):

Record Base Earnings

In the third quarter of 2024, Great-West Lifeco Inc. reported record base earnings of $1,061 million, or $1.14 per share, marking a 12% increase from the same period in 2023. This growth was driven by higher net fee and spread income, increased investment earnings, and favorable experience in the U.S. life reinsurance business, despite some offsetting factors such as the Global Minimum Tax impact in certain segments.

Net Earnings from Continuing Operations

Great-West Lifeco Inc. recorded net earnings from continuing operations of $859 million, or $0.92 per share, in the third quarter of 2024. This represents a 9% decrease compared to the previous year, primarily due to less favorable interest rate movements and assumption changes, although these were partially offset by higher base earnings.

Segment Performance

In the third quarter of 2024, the Canada segment reported base earnings of $317 million, a 7% increase from the previous year. The U.S. segment saw a 35% rise in base earnings to US$264 million, while the Europe segment experienced a 5% decline to $195 million. The Capital and Risk Solutions segment reported a 6% increase in base earnings to $210 million.

Dividends

The Board of Directors of Great-West Lifeco Inc. declared a quarterly dividend of $0.555 per share on its common shares, payable on December 31, 2024, to shareholders of record as of December 3, 2024. This decision reflects the company's commitment to returning value to its shareholders.

Outlook and Strategic Initiatives

Great-West Lifeco Inc. continues to focus on executing its growth strategies, particularly in the U.S. and Canadian markets. The company has signed a distribution agreement with Primerica Life Insurance Company of Canada and acquired Plan Management Corporation to enhance its service offerings. These strategic moves are expected to support the company's long-term growth objectives.

Summarized from source with an LLMView Source

Key figures

20.0%1Y
42.1%3Y
106%5Y

Performance

18.0%1Y
17.6%3Y
25.7%5Y

Volatility

Market cap

30875 M

Market cap (USD)

Daily traded volume (Shares)

3,818,142

Daily traded volume (Shares)

1 day high/low

47.74 / 47.16

1 day high/low (USD)

52 weeks high/low

0.00 / 0.00

52 weeks high/low (USD)

Dividend ex-date

01 January, 2022

Dividend ex-date

Dividend

0.00

Dividend (USD)

Dividend yield (p.a.)

0.00%

Dividend yield (p.a.)

0.002022
0.002023
0.002024

Est dividend (USD)

0.00%2022
0.00%2023
0.00%2024

Est dividend yield

P/E ratio

10.00

P/E ratio

00.002022
00.002023
00.002024

Est P/E ratio

EPS

0.00

EPS (USD)

0.002022
0.002023
0.002024

Est EPS (USD)

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