Great-West Lifeco Inc
GWO: XTSE (CAN)
| Morningstar Rating for Stocks | Fair Value | Economic Moat | Capital Allocation |
|---|---|---|---|
| CAD 64.00 | Xkdyr | Nlnrxknx |
Great-West Is Well Positioned for Continued Growth and Strong Profitability in 2024
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Business Strategy and Outlook
Great-West Lifeco provides a variety of financial-services products, including life insurance, retirement solutions, and investment management, mainly in the US, 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. Great-West'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.