Morningstar

Great-West Lifeco Inc GWO

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Stock XTSE Rating as of
CAD 46.25 +0.30 (0.65%)
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As of Delayed Price Closed

Company Report

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Great-West’s Empower Business Remans a Bright Spot for the Company

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 494% premium.
Price
CAD 45.95
Fair Value
CAD 46.00
Uncertainty
Medium
1-Star Price
CAD 29.34
5-Star Price
CAD 96.10
Economic Moat
Rxvy
Capital Allocation
Vkhyyttj

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 emanating from market corrections may damp the profitability of the firm's Empower and asset management businesses.

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News

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Trading Information

Previous Close Price
CAD 45.95
Day Range
CAD 45.96–46.55
52-Week Range
CAD 37.06–46.55
Bid/Ask
CAD 46.10 / CAD 46.42
Market Cap
CAD 43.11 Bil
Volume/Avg
1.8 Mil / 3.1 Mil

Key Statistics

Price/Earnings (Normalized)
10.79
Price/Sales
1.73
Dividend Yield (Trailing)
4.76%
Dividend Yield (Forward)
4.83%
Total Yield
4.92%

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 Core
Total Number of Employees
33,500
Website
https://www.greatwestlifeco.com

Competitors

Valuation

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Metric
GWO
SLF
MET
Price/Earnings (Normalized)
 10.7912.0210.17
Price/Book Value
 1.701.902.10
Price/Sales
 1.731.190.88
Price/Cash Flow
 4.5629.744.13
Price/Earnings
GWO
SLF
MET

Financial Strength

Metric
GWO
SLF
MET
Quick Ratio
 ———
Current Ratio
 ———
Interest Coverage
 12.128.124.53
Quick Ratio
No chart available

Profitability

Metric
GWO
SLF
MET
Return on Assets (Normalized)
 0.59%1.15%0.87%
Return on Equity (Normalized)
 17.34%16.42%20.77%
Return on Invested Capital (Normalized)
 11.62%12.67%4.43%
Return on Assets
GWO
SLF
MET

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