Great-West Lifeco Inc

GWO: XTSE (CAN)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
	CAD 93.00	Dqff	Ycpgwtgxz

Smooth Sailing for Great-West in Third Quarter

Rajiv Bhatia

Nov 4, 2021

Great-West Life reported base earnings of CAD 0.94, easily beating FactSet consensus of CAD 0.81. Base earnings were robust in the Canada, U.S., and European segments but were soft in the capital and risk solutions segment. Overall, there was little in the firm’s press release that would alter our long-term view of the firm, and we will maintain our fair value estimate of CAD 39 and no-moat rating.

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