Skip to Content

Great-West Lifeco Inc GWO

Morningstar Rating
CAD 43.32 +0.40 (0.93%)
View Full Chart
Unlock our analysis with Morningstar Investor

Company Report

Great-West Is Well Positioned for Continued Growth and Strong Profitability in 2024

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.

Price vs Fair Value

GWO is trading at a 6% premium.
Price
CAD 42.38
Fair Value
CAD 83.00
Uncertainty
Medium
1-Star Price
CAD 18.00
5-Star Price
CAD 33.00
Economic Moat
Rqy
Capital Allocation
Jzxwzgdv

Bulls Say, Bears Say

Bulls

Of its Canadian peers, Great-West Lifeco has the highest returns on equity, which speaks to the strength of its management and a favorable business mix.

Bears

Fee pressure may damp the profitability of the firm's wealth and asset management business.

Is it the right time to buy, sell, or hold?
Start a free trial of Morningstar Investor to unlock exclusive ratings and continuous analyst coverage to help you decide if GWO is a good fit for your portfolio.

News

Trading Information

Previous Close Price
CAD 42.92
Day Range
CAD 42.66–43.53
52-Week Range
CAD 34.83–45.14
Bid/Ask
CAD 43.20 / CAD 43.50
Market Cap
CAD 40.39 Bil
Volume/Avg
1.6 Mil / 2.9 Mil

Key Statistics

Price/Earnings (Normalized)
10.83
Price/Sales
1.60
Dividend Yield (Trailing)
4.88%
Dividend Yield (Forward)
5.12%
Total Yield
5.07%

Company Profile

Great-West Lifeco provides life insurance, health insurance, retirement products, asset management, recordkeeping services, and reinsurance products in Canada, the United States, and Europe. The Canada business contributes approximately 31% of adjusted earnings and has leading market positions in group insurance, group retirement, and individual insurance. The company operates the second-largest recordkeeping business under the Empower brand in the United States, with an earnings contribution from the country approximating 26%. Great-West Lifeco also offers various products across Europe markets with a strong presence in the UK, Ireland, and Germany. The Europe segment contributed around 21% of adjusted earnings and the reinsurance business accounts for around 22% of adjusted earnings.
Sector
Financial Services
Industry
Insurance - Life
Stock Style Box
Large Value
Total Number of Employees
33,500
See how this stock stacks up to its competitors with Morningstar Investor

Insurance - Life Industry Comparables

Ticker
Name
Morningstar Rating for Stocks
Capital Allocation
Economic Moat
Market Cap
PNGAY
Ping An Insurance (Group) Co. of China Ltd ADR—Tkdnj$92.1 Bil
PIAIF
Ping An Insurance (Group) Co. of China Ltd Class HQbjqvsvgCbsk$92.1 Bil
CILJF
China Life Insurance Co Ltd Class H—Bjnx$91.0 Bil
AAGIY
AIA Group Ltd ADR—Ydpvx$75.5 Bil
AAIGF
AIA Group Ltd—Wtd$75.5 Bil
MET
MetLife IncDgmjbrqrpVldf$53.6 Bil
AFL
Aflac IncMthmycntQzqztm$49.4 Bil
MFC
Manulife Financial CorpLpptznfklCpxy$45.0 Bil
PRU
Prudential Financial IncGnsrjrsscRyzqy$42.2 Bil
PUK
Prudential PLC ADRYjgkjqnsYmhk$25.8 Bil

Sponsor Center