-0.58%
-2.29%
-0.30%
12.32%
3.79%
17.30%
35.84%
AI Spotlight on GWO
Company Description
Great-West Lifeco Inc., a financial services holding company, 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 a portfolio of financial and benefit plan solutions for individuals, families, businesses, and organizations; life, disability, critical illness, accidental death, dismemberment, health and dental protection, and creditor insurance products; and retirement savings and income, annuity, and other specialty products.It also provides employer-sponsored retirement savings plans, individual retirement and taxable brokerage accounts, enrollment services, communication materials, investment options, and education services; and fund management, investment, and advisory services.
In addition, the company offers private-label recordkeeping and administrative services; and investment products, including equity, fixed income, absolute return, and alternative strategies.Further, it provides protection and wealth management products, including payout annuity products; pension products; and life, annuity/longevity, mortgage surety, and property catastrophe reinsurance products.The company offers its products under the Canada Life, Irish Life, Empower, Putnam Investments, and PanAgora brand names.
It distributes its products through a network of advisors, dealers, brokers, managing general agencies, financial institutions, consultants, third-party administrators, sales force, financial planners, 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.
Market Data
| Last Price | 46.58 |
| Change Percentage | -0.58% |
| Open | 46.9 |
| Previous Close | 46.85 |
| Market Cap ( Millions) | 43418 |
| Volume | 1720769 |
| Year High | 50.99 |
| Year Low | 38.44 |
| M A 50 | 47.64 |
| M A 200 | 44.25 |
Financial Ratios
| FCF Yield | 25.37% |
| Dividend Yield | 4.77% |
| ROE | 13.78% |
| Debt / Equity | 32.29% |
| Net Debt / EBIDTA | 4.53% |
| Price To Book | 1.54 |
| Price Earnings Ratio | 11.75 |
| Price To FCF | 3.94 |
| Price To sales | 0.99 |
| EV / EBITDA | 8.78 |
News
- Jan -02 - Great-West Lifeco Renews Normal Course Issuer Bid
- Dec -19 - Great-West Lifeco Inc.'s (TSE:GWO) Fundamentals Look Pretty Strong: Could The Market Be Wrong About The Stock?
- Nov -08 - Great-West Lifeco cautions investors regarding Ocehan LLC's mini-tender offer for shares in Canada
- Nov -08 - Great-West Lifeco Inc (GWLIF) Q3 2024 Earnings Call Highlights: Record Earnings and Strategic ...
- Nov -07 - Empower Year-over-Year Earnings Surge 35% to New Record, up 12% From Second Quarter
- Nov -06 - Great-West Lifeco Reports Record Third-Quarter Base Earnings
- Nov -06 - Great-West Lifeco reports record base earnings in the third quarter of 2024
- Nov -05 - Great-West Lifeco's board member Robin Bienfait named to list of most influential corporate directors and governance experts
- Oct -31 - Great-West Lifeco's third quarter 2024 earnings conference call to be held on November 7
- Sep -25 - PanAgora announces changes to executive leadership team, positioning company for continued growth
- Aug -28 - Great-West Lifeco President and CEO Paul Mahon to speak at the Scotiabank Financials Summit
- Aug -25 - Interested In Great-West Lifeco's (TSE:GWO) Upcoming CA$0.555 Dividend? You Have Four Days Left
- Aug -09 - Great-West Lifeco Cautions Investors Regarding Mini-Tender Offer
- Aug -09 - Great-West Lifeco cautions investors regarding Okello Ltd's mini-tender offer for shares in Ireland
- Aug -08 - Great-West Lifeco Second Quarter 2024 Earnings: EPS: CA$1.08 (vs CA$0.61 in 2Q 2023)
- Aug -07 - Empower Achieves Record Earnings of $236M for Q2 2024 Representing 19% Year-over-Year Growth
- Aug -06 - Great-West Lifeco Reports Record Q2 Base Earnings
- Aug -06 - Great-West Lifeco reports record base earnings in the second quarter of 2024
- Jul -30 - Great-West Lifeco's second quarter 2024 earnings conference call to be held on August 7
- Jul -27 - Q3 2024 Franklin Resources Inc Earnings Call
Business Breakdown
Expected Mid-Term Growth
Segment n°1 -> Individual Customer and Group Customer
Expected Growth : 4.65 %
What the company do ?
Individual Customers are those who purchase insurance products directly, while Group Customers are businesses or organizations that offer insurance benefits to their employees.
Why we expect these perspectives ?
For Individual Customers, growth drivers include increasing demand for retirement savings products and insurance, driven by Canada's aging population. For Group Customers, growth is fueled by rising employee benefits and pension plans, as well as expansion into new markets. Great-West Lifeco Inc.'s diversified product offerings and strong distribution networks also contribute to the 4.65% growth rate.
Segment n°2 -> Financial Services and Asset Management
Expected Growth : 5.64 %
What the company do ?
Great-West Lifeco Inc.'s Financial Services and Asset Management segment provides a range of financial products and services, including life insurance, health insurance, and investment products.
Why we expect these perspectives ?
Great-West Lifeco Inc.'s 5.64% growth in Financial Services and Asset Management is driven by increasing demand for retirement savings products, expansion in the US market, and strategic acquisitions. Additionally, the company's diversified portfolio of insurance and wealth management products, as well as its strong brand reputation, contribute to its growth momentum.
Segment n°3 -> Europe
Expected Growth : 4.83 %
What the company do ?
Europe from Great-West Lifeco Inc. refers to the European operations of the Canadian-based financial services company, providing insurance and wealth management services.
Why we expect these perspectives ?
Europe's 4.83% growth from Great-West Lifeco Inc. is driven by increasing demand for retirement savings, a growing middle class, and favorable regulatory environments. Additionally, the region's aging population and rising healthcare costs contribute to the growth of the insurance industry, while the company's diversified product offerings and strong distribution networks further support its expansion.
Segment n°4 -> Capital and Risk Solutions
Expected Growth : 6.15 %
What the company do ?
Capital and Risk Solutions from Great-West Lifeco Inc. provides reinsurance and risk management solutions to help insurers manage capital and risk, enhancing financial stability and growth.
Why we expect these perspectives ?
Great-West Lifeco Inc.'s Capital and Risk Solutions segment growth of 6.15% is driven by increasing demand for risk management products, expansion into new markets, and strategic partnerships. Additionally, the segment benefits from the company's strong brand reputation, diversified product offerings, and effective cost management strategies, enabling it to capitalize on emerging opportunities and navigate market volatility.
Segment n°5 -> Lifeco Corporate
Expected Growth : 5.4 %
What the company do ?
Lifeco Corporate is the head office of Great-West Lifeco Inc., a Canadian financial services holding company, overseeing its subsidiaries and group of companies.
Why we expect these perspectives ?
Lifeco Corporate's 5.4% growth is driven by increasing demand for insurance products, expansion into new markets, and strategic acquisitions. Additionally, the company's focus on digital transformation, cost savings initiatives, and a strong capital position have contributed to its growth. Furthermore, the company's diversified business model, which includes life insurance, health insurance, and wealth management, has helped to mitigate risks and drive growth.
Great-West Lifeco Inc. Products
| Product Range | What is it ? |
|---|---|
| Life Insurance | Great-West Lifeco offers a range of life insurance products, including term life, whole life, and universal life insurance, to provide financial protection to individuals and families. |
| Health Insurance | The company offers health insurance products, including individual and group health insurance, to provide coverage for medical expenses and other health-related costs. |
| Retirement Savings | Great-West Lifeco offers a range of retirement savings products, including RRSPs, TFSAs, and pensions, to help individuals save for their retirement goals. |
| Investments | The company provides a range of investment products, including mutual funds, exchange-traded funds (ETFs), and segregated funds, to help individuals grow their wealth. |
| Group Benefits | Great-West Lifeco offers group benefits products, including group life insurance, health insurance, and disability insurance, to provide employee benefits to businesses. |
| Wealth Management | The company provides wealth management services, including investment advice and portfolio management, to help high net worth individuals manage their wealth. |
Great-West Lifeco Inc.'s Porter Forces
Threat Of Substitutes
The threat of substitutes for Great-West Lifeco Inc. is medium due to the presence of alternative financial services providers, but the company's strong brand and diversified product offerings mitigate this threat.
Bargaining Power Of Customers
The bargaining power of customers is low for Great-West Lifeco Inc. due to the company's strong brand and diversified product offerings, which reduce the ability of customers to negotiate prices.
Bargaining Power Of Suppliers
The bargaining power of suppliers is medium for Great-West Lifeco Inc. due to the company's dependence on a few large suppliers, but the company's strong financial position and diversified supply chain mitigate this threat.
Threat Of New Entrants
The threat of new entrants is low for Great-West Lifeco Inc. due to the high barriers to entry in the financial services industry, including regulatory hurdles and the need for significant capital investment.
Intensity Of Rivalry
The intensity of rivalry is high for Great-West Lifeco Inc. due to the highly competitive nature of the financial services industry, with many established players competing for market share.
Capital Structure
| Value | |
|---|---|
| Debt Weight | 26.45% |
| Debt Cost | 4.32% |
| Equity Weight | 73.55% |
| Equity Cost | 8.27% |
| WACC | 7.23% |
| Leverage | 35.96% |
Great-West Lifeco Inc. : Quality Control
Great-West Lifeco Inc. passed 4 out of 9 key points:
Historical Valuation
Price/Earnings Ratio
Margin Valuation
Peers Valuation
Competitors
| Company | Rational |
|---|---|
| ELF.TO | E-L Financial Corporation Limited operates as an investment and insurance holding company in Canada. It operates through two segments, E-L Corporate and Empire Life. The company owns investments in equities … |
| MFC.TO | Manulife Financial Corporation, together with its subsidiaries, provides financial products and services in Asia, Canada, the United States, and internationally. The company operates through Wealth and Asset Management Businesses; Insurance … |
| PRU | Prudential Financial, Inc., together with its subsidiaries, provides insurance, investment management, and other financial products and services in the United States and internationally. It operates through eight segments: PGIM, Retirement, … |
| MET | MetLife, Inc., a financial services company, provides insurance, annuities, employee benefits, and asset management services worldwide. It operates through five segments: U.S.; Asia; Latin America; Europe, the Middle East and … |
| AFL | Aflac Incorporated, through its subsidiaries, provides supplemental health and life insurance products. It operates through two segments, Aflac Japan and Aflac U.S. The Aflac Japan segment offers cancer, medical, nursing … |
Peers Metrics
DCF BETA
Expected Cash-Flows
Scoring Insights
Peers Group Analysis
🥇
E-L Financial
A-Score
1-Year Total Return ->
🥈
Great-West Lifeco
A-Score
1-Year Total Return ->
🥉
Manulife
A-Score
1-Year Total Return ->
4
MetLife
A-Score
1-Year Total Return ->
5
Prudential Financial
A-Score
1-Year Total Return ->
6
