Great-West Lifeco Inc

GWO: XTSE (CAN)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
	CAD 74.00	Xkgvq	Sqzkvxzz

Great-West Finishes 2021 With Good Financial Results

Rajiv Bhatia

Feb 11, 2022

Great-West Life reported a decent finish to its 2021. Base earnings were CAD 0.89, roughly consistent with the FactSet consensus of CAD 0.88. While Canada base earnings declined modestly due to a higher tax rate, the firm’s other segments produced profit growth. Overall, there was little in its earnings release that would alter our long-term view of the firm, and we will maintain our no-moat rating and fair value estimate of CAD 39 per share.

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