Great-West's Strong Competitive Position Should Lead to Decent Earnings Growth in Coming Years

Great-West Lifeco provides a variety of financial-services products, including life insurance, retirement solutions, and investment management, mainly in the U.S., Canada, and Europe. Given the maturity of the insurance industry in the company's main markets, we believe that growth will remain modest in the long run. The company's strategic priorities include expanding its portfolio of advice-centric wealth and insurance products, investing in digital tools and services, and developing solutions to extend the customer lifetime value of its vast network of workplace participants.