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Last update at 2024-12-03T15:38:00Z
Investing in Great-West Lifeco (TSE:GWO) five years ago would have delivered you a 99% gain
Sat 05 Oct 24, 12:26 PMGreat-West Lifeco President and CEO Paul Mahon to speak at the Scotiabank Financials Summit
Wed 28 Aug 24, 11:55 AMInterested In Great-West Lifeco's (TSE:GWO) Upcoming CA$0.555 Dividend? You Have Four Days Left
Sun 25 Aug 24, 12:37 PMPower Corporation Reports Second Quarter 2024 Financial Results
Thu 08 Aug 24, 09:00 PMGreat-West Lifeco Second Quarter 2024 Earnings: EPS: CA$1.08 (vs CA$0.61 in 2Q 2023)
Thu 08 Aug 24, 10:45 AMEmpower Achieves Record Earnings of $236M for Q2 2024 Representing 19% Year-over-Year Growth
Wed 07 Aug 24, 02:19 PMGreat-West Lifeco reports record base earnings in the second quarter of 2024
Tue 06 Aug 24, 09:01 PMGreat-West Lifeco's second quarter 2024 earnings conference call to be held on August 7
Tue 30 Jul 24, 11:45 AM| Breakdown | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 | 2018-12-31 |
|---|---|---|---|---|---|
| Type | yearly | yearly | yearly | yearly | yearly |
| Date | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 | 2018-12-31 |
| Income before tax | 3768.00M | 3867.00M | 3072.00M | 2880.00M | 3462.00M |
| Minority interest | -185.00000M | -301.00000M | 2987.00M | 2866.00M | 2875.00M |
| Net income | 3349.00M | 3262.00M | 3076.00M | 2492.00M | 3094.00M |
| Selling general administrative | 6905.00M | 6129.00M | 5270.00M | 5015.00M | 4937.00M |
| Selling and marketing expenses | - | - | - | - | - |
| Gross profit | 44704.00M | 64447.00M | 60599.00M | 44698.00M | 44032.00M |
| Reconciled depreciation | 558.00M | 523.00M | 438.00M | 418.00M | 308.00M |
| Ebit | 3971.00M | 3900.00M | 3283.00M | 3153.00M | 3684.00M |
| Ebitda | 4529.00M | 4423.00M | 3721.00M | 3571.00M | 3992.00M |
| Depreciation and amortization | 558.00M | 523.00M | 438.00M | 418.00M | 308.00M |
| Non operating income net other | - | - | - | - | - |
| Operating income | 3971.00M | 3900.00M | 3283.00M | 3153.00M | 3345.00M |
| Other operating expenses | 40936.00M | 60580.00M | 57527.00M | 41818.00M | 40570.00M |
| Interest expense | 388.00M | 334.00M | 289.00M | 288.00M | 203.00M |
| Tax provision | 234.00M | 304.00M | -82.00000M | 373.00M | 387.00M |
| Interest income | 14.00M | 112.00M | 325.00M | 336.00M | 117.00M |
| Net interest income | -417.00000M | -349.00000M | -306.00000M | -307.00000M | -221.00000M |
| Extraordinary items | - | - | - | - | - |
| Non recurring | - | - | - | - | - |
| Other items | - | - | - | - | - |
| Income tax expense | 234.00M | 304.00M | -82.00000M | 373.00M | 387.00M |
| Total revenue | 44704.00M | 64447.00M | 60599.00M | 44698.00M | 44032.00M |
| Total operating expenses | 40936.00M | 60580.00M | 57527.00M | 506.00M | 495.00M |
| Cost of revenue | - | - | - | 35570.00M | 34546.00M |
| Total other income expense net | -203.00000M | -33.00000M | -211.00000M | -273.00000M | -255.00000M |
| Discontinued operations | - | - | - | - | - |
| Net income from continuing ops | 3534.00M | 3563.00M | 3154.00M | 2507.00M | 3075.00M |
| Net income applicable to common shares | 3219.00M | 3128.00M | 2943.00M | 2359.00M | 2961.00M |
| Preferred stock and other adjustments | - | - | - | - | - |
| Breakdown | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 |
|---|---|---|---|---|---|
| Type | yearly | yearly | yearly | yearly | yearly |
| Date | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 |
| Total assets | 713230.00M | 701455.00M | 630488.00M | 600490.00M | 451167.00M |
| Intangible assets | 4484.00M | 6209.00M | 5514.00M | 4285.00M | 3879.00M |
| Earning assets | - | - | - | - | - |
| Other current assets | 29008.00M | 29821.00M | 24440.00M | 24447.00M | 22731.00M |
| Total liab | 683379.00M | 669137.00M | 600005.00M | 573475.00M | 425624.00M |
| Total stockholder equity | 26836.00M | 29010.00M | 27216.00M | 24028.00M | 22677.00M |
| Deferred long term liab | - | - | - | - | - |
| Other current liab | -3651.00000M | -4345.00000M | -4147.00000M | -4680.00000M | -4160.00000M |
| Common stock | 6000.00M | 5791.00M | 5748.00M | 5651.00M | 5633.00M |
| Capital stock | 8720.00M | 8511.00M | 8468.00M | 8365.00M | 8347.00M |
| Retained earnings | 15492.00M | 17809.00M | 16424.00M | 14990.00M | 13660.00M |
| Other liab | - | 644617.00M | 580644.00M | 554700.00M | 410215.00M |
| Good will | 11249.00M | 10604.00M | 9081.00M | 10106.00M | 6505.00M |
| Other assets | 456715.00M | 510210.00M | 455652.00M | 420593.00M | 301490.00M |
| Cash | 7053.00M | 6411.00M | 4772.00M | 7946.00M | 4628.00M |
| Cash and equivalents | - | - | - | - | - |
| Total current liabilities | 3651.00M | 4345.00M | 4147.00M | 4680.00M | 4160.00M |
| Current deferred revenue | - | - | - | - | - |
| Net debt | 2597.00M | 4879.00M | 4961.00M | 2759.00M | 2329.00M |
| Short term debt | 435.00M | 1151.00M | 1115.00M | 1982.00M | 808.00M |
| Short long term debt | 435.00M | 1151.00M | 593.00M | 1414.00M | 1308.00M |
| Short long term debt total | 9650.00M | 11290.00M | 9733.00M | 10705.00M | 6957.00M |
| Other stockholder equity | 1734.00M | 1709.00M | 1692.00M | 372.00M | 350.00M |
| Property plant equipment | - | 1494.00M | 1547.00M | 1604.00M | 1648.00M |
| Total current assets | 25172.00M | 26692.00M | 24295.00M | 14597.00M | 11150.00M |
| Long term investments | 214236.00M | 146246.00M | 134399.00M | 149305.00M | 126495.00M |
| Net tangible assets | - | 9477.00M | 9901.00M | 6923.00M | 9579.00M |
| Short term investments | 12328.00M | 12429.00M | 12456.00M | 43289.00M | 39207.00M |
| Net receivables | 5791.00M | 7852.00M | 7067.00M | 6651.00M | 6522.00M |
| Long term debt | 8854.00M | 9632.00M | 8618.00M | 8723.00M | 5564.00M |
| Inventory | -29008.00000M | - | - | - | - |
| Accounts payable | 3216.00M | 3194.00M | 3032.00M | 2698.00M | 3352.00M |
| Total permanent equity | - | - | - | - | - |
| Noncontrolling interest in consolidated entity | - | - | - | - | - |
| Temporary equity redeemable noncontrolling interests | - | - | - | - | - |
| Accumulated other comprehensive income | 890.00M | 981.00M | 632.00M | 487.00M | 495.00M |
| Additional paid in capital | - | - | - | - | - |
| Common stock total equity | - | - | - | 5651.00M | 5633.00M |
| Preferred stock total equity | - | - | - | - | - |
| Retained earnings total equity | - | - | - | - | - |
| Treasury stock | - | - | - | - | - |
| Accumulated amortization | - | - | - | - | - |
| Non currrent assets other | -1848.00000M | -164553.00000M | -150541.00000M | -165300.00000M | -138527.00000M |
| Deferred long term asset charges | - | - | - | - | - |
| Non current assets total | 231343.00M | 164553.00M | 150541.00M | 165300.00M | 138527.00M |
| Capital lease obligations | 361.00M | 507.00M | 522.00M | 568.00M | 585.00M |
| Long term debt total | - | 10139.00M | 9140.00M | 9291.00M | 6149.00M |
| Breakdown | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 | 2018-12-31 |
|---|---|---|---|---|---|
| Type | yearly | yearly | yearly | yearly | yearly |
| Date | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 | 2018-12-31 |
| Investments | -5493.00000M | -8668.00000M | -8202.00000M | -1539.00000M | -4776.00000M |
| Change to liabilities | 0.00000M | 0.00000M | 0.00000M | 0.00000M | 0.00000M |
| Total cashflows from investing activities | -5493.00000M | -11212.00000M | -8202.00000M | -1539.00000M | -4776.00000M |
| Net borrowings | 1297.00M | -768.00000M | 3751.00M | -259.00000M | 434.00M |
| Total cash from financing activities | -620.00000M | -992.00000M | 2010.00M | -3981.00000M | -1267.00000M |
| Change to operating activities | -20031.00000M | 4495.00M | 13515.00M | 10163.00M | 298.00M |
| Net income | 3768.00M | 3867.00M | 3072.00M | 2880.00M | 3462.00M |
| Change in cash | 1215.00M | -1871.00000M | 3318.00M | 460.00M | 617.00M |
| Begin period cash flow | 6075.00M | 7946.00M | 4628.00M | 4168.00M | 3551.00M |
| End period cash flow | 7290.00M | 6075.00M | 7946.00M | 4628.00M | 4168.00M |
| Total cash from operating activities | 7047.00M | 10373.00M | 9610.00M | 6110.00M | 6494.00M |
| Issuance of capital stock | 43.00M | 297.00M | 18.00M | 39.00M | 39.00M |
| Depreciation | 558.00M | 523.00M | 438.00M | 418.00M | 308.00M |
| Other cashflows from investing activities | -5493.00000M | -11212.00000M | -8202.00000M | -4.00000M | -112.00000M |
| Dividends paid | 1956.00M | 1811.00M | 1759.00M | 1692.00M | 1671.00M |
| Change to inventory | - | - | - | - | - |
| Change to account receivables | - | - | - | - | - |
| Sale purchase of stock | -4.00000M | -194.00000M | 18.00M | -2066.00000M | -69.00000M |
| Other cashflows from financing activities | 1792.00M | 920.00M | 4252.00M | -30.00000M | 1531.00M |
| Change to netincome | 23171.00M | 2093.00M | -7419.00000M | -6963.00000M | 2794.00M |
| Capital expenditures | 0.00000M | 0.00000M | 0.00000M | 639.00M | 293.00M |
| Change receivables | - | - | - | - | - |
| Cash flows other operating | - | - | - | - | - |
| Exchange rate changes | - | - | - | - | - |
| Cash and cash equivalents changes | - | - | - | - | - |
| Change in working capital | -20031.00000M | 4774.00M | 12604.00M | 10411.00M | -146.00000M |
| Stock based compensation | - | - | - | - | - |
| Other non cash items | 22752.00M | 1209.00M | -6066.00000M | -7181.00000M | 3178.00M |
| Free cash flow | 7047.00M | 10373.00M | 9610.00M | 6110.00M | 6494.00M |
Sector: Financial Services Industry: Insurance - Life
| Company | Change (CAD) | Price (CAD) | Trailing PE (x) | Forward PE (x) | Price Sales TTM (x) | Price to Book Value (x) | Enterprise Value to Revenue (x) | |
|---|---|---|---|---|---|---|---|---|
| GWO Great-West Lifeco Inc. |
-1.46 2.90% | 48.95 | 12.54 | 10.60 | 1.36 | 1.78 | 1.44 | |
| MFC Manulife Financial Corp |
-0.12 0.26% | 45.25 | 15.69 | 10.98 | 2.58 | 1.78 | 1.53 | |
| POW Power Corporation Of Canada |
-0.15 0.32% | 47.02 | 10.61 | 9.17 | 0.86 | 2.41 | 1.30 | |
| ELF E-L Financial Corp Ltd |
- -% | 1475.00 | 4.56 | - | 1.64 | 0.70 | 1.97 | |
| SFC Alignvest Acquisition II Corp |
0.06 0.92% | 6.60 | 1.36 | 6.17 | 0.46 | 0.69 | 1.02 | -426.5651 |
Great-West Lifeco Inc. engages in the life and health insurance, retirement and investment services, asset management, and reinsurance businesses in Canada, the United States, and Europe. The company offers life, accidental death and dismemberment, disability, critical illness, health and dental protection, and creditor insurance products; and retirement and wealth savings, income and annuity products, and other specialty products to individuals, families, businesses, and organizations. It provides individual product solutions and employer-sponsored retirement savings plans that offers saving, investment, and advisory services; wealth management including payout annuity, equity release mortgages, pensions, and investments products. In addition, the company offers bulk and individual payout annuities, equity release mortgages, life bonds, and retirement drawdown and pension products; savings and investments; and provides asset management services, such as pension schemes, insurance companies, wealth managers, fiduciary managers, and sovereign wealth funds, as well manages assets for third-party institutional clients. Further, it provides life, annuity/longevity, mortgage surety, and property catastrophe reinsurance products. The company offers its products under the Canada Life, Irish Life, and Empower brand names. It distributes its products through a network of sales force, brokers, consultants, advisors, third-party administrators, financial institutions, dealers, managing general agencies, employee benefit consultants, banks, and multi-tied agents. The company was founded in 1891 and is based in Winnipeg, Canada. Great-West Lifeco Inc. operates as a subsidiary of Power Financial Corporation.
100 Osborne Street North, Winnipeg, MB, Canada, R3C 1V3
| Name | Title | Year Born |
|---|---|---|
| Mr. Paul Anthony Mahon | Pres, CEO & Director | 1964 |
| Mr. Garry MacNicholas | Exec. VP & CFO | NA |
| Mr. Raman Srivastava CFA | Exec. VP & Global Chief Investment Officer | NA |
| Mr. Arshil Jamal | Pres & Group Head of Strategy, Investments, Reinsurance and Corp. Devel. | NA |
| Mr. Jeffrey F. Macoun | Pres & COO for Canada | NA |
| Mr. Edmund Francis Murphy III | Pres & CEO of Empower Retirement | 1962 |
| Mr. Gordon Patrick Menzie | Sr. Vice-Pres of Corp. Fin. & Treasury | NA |
| Ms. Anne C. Sonnen | Sr. VP & Chief Compliance Officer | NA |
| Ms. Sharon C. Geraghty | Exec. VP & Gen. Counsel | NA |
| Mr. David Simmonds | Sr. VP and Chief Communications & Sustainability Officer | NA |
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