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Great-West Lifeco Inc.

Company price
89.51 CAD -4.89 ( 5.18%)
Last update at 2026-11-05T20:31:00Z
VOLUME
943293
Market Cap
64271.85M
P/E
16.63

Momentum Score

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Great-West Lifeco Inc. engages in the life and health insurance, retirement savings, wealth and asset management, and reinsurance businesses in Canada, the United States, and Europe. The company offers life, accidental death and dismemberment, critical illness, disability, health and dental protection, and creditor insurance products; and retirement savings, income and annuity products, and other specialty products to individuals, families, businesses, and organizations. It also provides individual product solutions and employer-sponsored retirement savings plans that offers saving, investment, and advisory services; retail wealth management products and services to individuals, including individual retirement accounts and after-tax investment accounts; and 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, retirement drawdown and pension, and group insurance 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 as 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 Empower, Canada Life, and Irish Life brand names. It distributes its products through a network of sales force, brokers, consultants, advisors, third-party administrators, financial institutions, employee benefit consultants, and multi-tied agents. The company was founded in 1979 and is based in Winnipeg, Canada. Great-West Lifeco Inc. is a subsidiary of Power Financial Corporation.

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Day Price Range
88.53
Low
93.98
High
52 Week Price Range
47.46
Low
71.02
High

Momentum Score

…
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A unique technical analysis driven score developed by Kalkine showing momentum in stock prices based on select technical indicators identified.

Score - Rating
>= 1 - Low / > 1 but < 2 - Below Average / > 2 but < 3 - Average / > 3 but < 4 - Above Average / > 4 - High
AI Summary

Great-West Lifeco is a Canadian financial services holding company that provides life and health insurance, retirement solutions and investment management through businesses operating across Canada, the U.S. and Europe. It may benefit from long-term demand for retirement savings and asset-management fees, diversified in-force insurance cash flows and appears positioned to generate relatively stable capital and dividend income.

Investors should monitor sensitivity to interest rates and market volatility, regulatory and actuarial risks from mortality, longevity and legacy liabilities, plus execution and competitive pressures in distribution and asset management.

Risk Score
Low

Note: The summary and risk score provided above is created by AI and should not be construed as a recommendation of Kalkine.

Key Metrics*

Previous Close
94.40
Dividend Yield
3.46%
Revenue TTM
35450.00M
Revenue Per Share
38.36
Gross Profit TTM
16730.00M
Debt / Equity
0.45
ROE
12.68%
Net Debt
5221.00M
ROCE
0.59%
Diluted EPS TTM
4.26

Key Financials*

Income Statement

Balance Sheet

Change in Cash

Total Operating Cash

Dividends Paid

Breakdown 2025-12-31 2024-12-31 2023-12-31 2022-12-31 2021-12-31
Type yearly yearly yearly yearly yearly
Date 2025-12-31 2024-12-31 2023-12-31 2022-12-31 2021-12-31
Income before tax 4695.00M 4981.00M 3068.00M 3768.00M 3867.00M
Minority interest -41.00M -103.00M -23.00M -185.00M -301.00M
Net income 4120.00M 4070.00M 2868.00M 3349.00M 3262.00M
Selling general administrative 7095.00M 6732.00M 6329.00M 6905.00M 6129.00M
Gross profit 13127.00M 13388.00M 11122.00M 44704.00M 64447.00M
Reconciled depreciation 579.00M 556.00M 505.00M 558.00M 523.00M
Ebit 5062.00M 5371.00M 3478.00M 3971.00M 3900.00M
Ebitda 5641.00M 5927.00M 3983.00M 4529.00M 4423.00M
Depreciation and amortization 579.00M 556.00M 505.00M 558.00M 523.00M
Operating income 4695.00M -2069.00M -3334.00M 3971.00M 3900.00M
Other operating expenses 34409.00M 36792.00M 40065.00M 40936.00M 60580.00M
Interest expense 379.00M 402.00M 426.00M 388.00M 334.00M
Tax provision 534.00M 737.00M 53.00M 234.00M 304.00M
Interest income 366.00M 388.00M 3355.00M 14.00M 112.00M
Net interest income -392.00M -416.00M -437.00M -417.00M -349.00M
Extraordinary items 0.00M -71.00M -124.00M - -
Income tax expense 534.00M 737.00M 53.00M 234.00M 304.00M
Total revenue 39104.00M 34723.00M 36731.00M 44704.00M 64447.00M
Total operating expenses 8432.00M 15457.00M 14456.00M 40936.00M 60580.00M
Cost of revenue 25977.00M 21335.00M 25609.00M - -
Total other income expense net - 7050.00M 6402.00M -203.00M -33.00M
Net income from continuing ops 4161.00M 4244.00M 3015.00M 3534.00M 3563.00M
Net income applicable to common shares 3960.00M 3940.00M 2738.00M 3219.00M 3128.00M
Breakdown 2025-12-31 2024-12-31 2023-12-31 2022-12-31 2021-12-31
Type yearly yearly yearly yearly yearly
Date 2025-12-31 2024-12-31 2023-12-31 2022-12-31 2021-12-31
Total assets 862828.00M 802163.00M 713230.00M 701455.00M 630488.00M
Intangible assets 6120.00M 4958.00M 4484.00M 6209.00M 5514.00M
Other current assets 844.00M - 29008.00M 29821.00M 24440.00M
Total liab 829825.00M 769509.00M 683379.00M 669137.00M 600005.00M
Total stockholder equity 29857.00M 29541.00M 26836.00M 29010.00M 27216.00M
Other current liab 4106.00M - -3651.00M -4345.00M -4147.00M
Common stock 5983.00M - 6000.00M 5791.00M 5748.00M
Capital stock 8903.00M 8791.00M 8720.00M 8511.00M 8468.00M
Retained earnings 17503.00M 17266.00M 15492.00M 17809.00M 16424.00M
Other liab - - - 644617.00M 580644.00M
Good will 11283.00M 11428.00M 11249.00M 10604.00M 9081.00M
Other assets 2874.00M - 456715.00M 510210.00M 455652.00M
Cash 8194.00M 9564.00M 7053.00M 6411.00M 4772.00M
Cash and equivalents 4894.00M - - - -
Total current liabilities 9233.00M - 3651.00M 4345.00M 4147.00M
Net debt 5221.00M 284.00M 2597.00M 4879.00M 4961.00M
Short term debt 648.00M - 435.00M 1151.00M 1115.00M
Short long term debt 648.00M 523.00M 435.00M 1151.00M 593.00M
Short long term debt total 13415.00M - 9650.00M 11290.00M 9733.00M
Other stockholder equity 1709.00M - 1734.00M 1709.00M 1692.00M
Property plant equipment 1498.00M - - 1494.00M 1547.00M
Total current assets 53561.00M - 25172.00M 26692.00M 24295.00M
Long term investments 236851.00M 228520.00M 214236.00M 146246.00M 134399.00M
Net tangible assets - - - 9477.00M 9901.00M
Short term investments 20200.00M 15142.00M 12328.00M 12429.00M 12456.00M
Net receivables 24323.00M 5402.00M 5791.00M 7852.00M 7067.00M
Long term debt 12423.00M 9325.00M 8854.00M 9632.00M 8618.00M
Inventory - - -29008.00M - -
Accounts payable 3981.00M 3524.00M 3216.00M 3194.00M 3032.00M
Accumulated other comprehensive income 1742.00M - 890.00M 981.00M 632.00M
Non currrent assets other 561274.00M - -1848.00M -164553.00M -150541.00M
Non current assets total 809267.00M - 231343.00M 164553.00M 150541.00M
Capital lease obligations 344.00M 380.00M 361.00M 507.00M 522.00M
Long term debt total 8863.00M - - 10139.00M 9140.00M
Breakdown 2025-12-31 2024-12-31 2023-12-31 2022-12-31 2021-12-31
Type yearly yearly yearly yearly yearly
Date 2025-12-31 2024-12-31 2023-12-31 2022-12-31 2021-12-31
Investments - -408.00M -119.00M -5493.00M -8668.00M
Change to liabilities - - - 0.00M 0.00M
Total cashflows from investing activities -56.00M -408.00M -786.00M -5493.00M -11212.00M
Net borrowings -551.00M -60.00M -1408.00M 1297.00M -768.00M
Total cash from financing activities -4322.00M -2285.00M -3550.00M -620.00M -992.00M
Change to operating activities - - - -20031.00M 4495.00M
Net income 4695.00M 4821.00M 2868.00M 3768.00M 3867.00M
Change in cash -1807.00M 2592.00M 452.00M 1215.00M -1871.00M
Begin period cash flow 10709.00M 8117.00M 7290.00M 6075.00M 7946.00M
End period cash flow 8902.00M 10709.00M 7742.00M 7290.00M 6075.00M
Total cash from operating activities 2708.00M 4751.00M 5203.00M 7047.00M 10373.00M
Issuance of capital stock 299.00M 88.00M 107.00M 43.00M 297.00M
Depreciation - - 505.00M 558.00M 523.00M
Other cashflows from investing activities -56.00M -211.00M -223.00M -5493.00M -11212.00M
Dividends paid 2413.00M -2199.00M -2067.00M 1956.00M 1811.00M
Change to account receivables - - -480.00M - -
Sale purchase of stock -1653.00M -114.00M -233.00M -4.00M -194.00M
Other cashflows from financing activities 196.00M - -786.00M 1792.00M 920.00M
Change to netincome - - - 23171.00M 2093.00M
Capital expenditures 0.00M 0.00M 0.00M 0.00M 0.00M
Change in working capital 4661.00M -839.00M -2039.00M -20031.00M 4774.00M
Stock based compensation - - 288.00M - -
Other non cash items -6648.00M 769.00M 4157.00M 22752.00M 1209.00M
Free cash flow 2708.00M 4751.00M 5203.00M 7047.00M 10373.00M

Peer Comparison*

Sector: Financial Services Industry: Insurance - Life

Stock Name
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.
-4.89
5.18%
89.51 16.63 13.07 1.81 2.37 1.84
MFC
Manulife Financial Corp
-2.53
3.94%
61.64 17.14 11.61 2.82 1.99 1.56
MFC-PK
Manulife Financial Corp Pref K
-0.18
0.69%
25.86 4.95 - 3.01 - -
MFC-PJ
Manulife Fin Non Cum Cl 1 11 Prf
0.09
0.35%
25.50 4.84 - 2.81 - -
MFC-PL
Manulife Financial Corp Pref L
-0.01
0.04%
24.76 4.15 - 2.79 - -

Profile*

Great-West Lifeco Inc.

Great-West Lifeco Inc. engages in the life and health insurance, retirement savings, wealth and asset management, and reinsurance businesses in Canada, the United States, and Europe. The company offers life, accidental death and dismemberment, critical illness, disability, health and dental protection, and creditor insurance products; and retirement savings, income and annuity products, and other specialty products to individuals, families, businesses, and organizations. It also provides individual product solutions and employer-sponsored retirement savings plans that offers saving, investment, and advisory services; retail wealth management products and services to individuals, including individual retirement accounts and after-tax investment accounts; and 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, retirement drawdown and pension, and group insurance 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 as 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 Empower, Canada Life, and Irish Life brand names. It distributes its products through a network of sales force, brokers, consultants, advisors, third-party administrators, financial institutions, employee benefit consultants, and multi-tied agents. The company was founded in 1979 and is based in Winnipeg, Canada. Great-West Lifeco Inc. is a subsidiary of Power Financial Corporation.

100 Osborne Street North, Winnipeg, MB, Canada, R3C 1V3

204 946 1190

33430

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

Disclaimer - (*)This information, including any data, is sourced from Unicorn Data Services SAS, trading as EOD Historical Data (“EODHD”) on an ‘as is’ basis, using their API. We cannot guarantee the completeness or validity of the information and data provided on this page, as well as via the API. In some cases, the data may include analyst ratings or recommendations sourced through the EODHD API, which are intended solely for general information purposes.
This information does not consider your personal objectives, financial situation, or needs. Kalkine is not liable for any errors or omissions in the information provided or for any actions taken in reliance on it. You should seek advice from a financial adviser, stockbroker or other professional adviser (including taxation and legal advice) as necessary before acting on this information.

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