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Great-West Lifeco Inc GWO

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Stock XTSE Rating as of
CAD 39.60 −0.13 (0.33%)
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As of Delayed Price Closed
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Company Report

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Great-West Is Well Positioned for Continued Growth and Strong Profitability in 2024

Suryansh Sharma

Great-West Lifeco provides a variety of financial-services products, including life insurance, retirement solutions, and investment management, mainly in the US, Canada, and Europe. Given the maturity of the insurance industry in the company's main markets, we believe that growth will remain modest in the long run. Great-West's strategic priorities include expanding its portfolio of advice-centric wealth and insurance products, investing in digital tools and services, and developing solutions to extend the customer lifetime value of its vast network of workplace participants.

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Price vs Fair Value

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GWO is trading at a 41% premium.
Price
CAD 39.60
Fair Value
CAD 33.00
Uncertainty
Medium
1-Star Price
CAD 85.00
5-Star Price
CAD 14.00
Economic Moat
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Capital Allocation
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Bulls Say, Bears Say

Bulls

Of its Canadian peers, Great-West Lifeco has the highest returns on equity, which speaks to the strength of its management and a favorable business mix.

Bears

Fee pressure may damp the profitability of the firm's wealth and asset management business.

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News

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Trading Information

Previous Close Price
CAD 39.73
Day Range
CAD 39.29–39.75
52-Week Range
CAD 37.06–45.14
Bid/Ask
CAD 39.15 / CAD 40.15
Market Cap
CAD 36.94 Bil
Volume/Avg
1.7 Mil / 2.7 Mil

Key Statistics

Price/Earnings (Normalized)
9.38
Price/Sales
1.77
Dividend Yield (Trailing)
5.43%
Dividend Yield (Forward)
5.61%
Total Yield
5.58%

Company Profile

Great-West Lifeco provides life insurance, health insurance, retirement products, asset management, recordkeeping services, and reinsurance products in Canada, the United States, and Europe. The Canada business contributes approximately 31% of adjusted earnings and has leading market positions in group insurance, group retirement, and individual insurance. The company operates the second-largest recordkeeping business under the Empower brand in the United States, with an earnings contribution from the country approximating 26%. Great-West Lifeco also offers various products across Europe markets with a strong presence in the UK, Ireland, and Germany. The Europe segment contributed around 21% of adjusted earnings and the reinsurance business accounts for around 22% of adjusted earnings.
Sector
Financial Services
Industry
Insurance - Life
Stock Style Box
Large Value
Total Number of Employees
33,500
Website
https://www.greatwestlifeco.com

Competitors

Valuation

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Metric
GWO
SLF
MFC
Price/Earnings (Normalized)
 9.3810.429.96
Price/Book Value
 1.501.601.55
Price/Sales
 1.771.261.55
Price/Cash Flow
 2.8429.3220.66
Price/Earnings
GWO
SLF
MFC

Financial Strength

Metric
GWO
SLF
MFC
Quick Ratio
 ———
Current Ratio
 ———
Interest Coverage
 10.378.004.72
Quick Ratio
No chart available

Profitability

Metric
GWO
SLF
MFC
Return on Assets (Normalized)
 0.53%1.13%0.79%
Return on Equity (Normalized)
 15.68%16.22%16.87%
Return on Invested Capital (Normalized)
 10.51%12.58%9.86%
Return on Assets
GWO
SLF
MFC
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Insurance - Life Industry Comparables

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1-Day Chart
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Capital Allocation
Economic Moat
Market Cap
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PwwzckknjSfhm$49.4 Bil
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KpmwxwcfGvq$47.8 Bil
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YhprxhlyLrj$24.8 Bil

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