Great-West Lifeco reported strong third-quarter results. Base earnings came in at CAD 1.48 per share, up 11% year over year, translating to a strong adjusted return on equity of 19.4%, meeting management's target of 19% or higher for the third quarter in a row.
Of its Canadian peers, Great-West Lifeco has generated the highest returns on equity, which speaks to the strength of its management and a favorable business mix.
Severe stock market corrections may damp the profitability of the Empower and wealth management businesses.
Metric | GWO | SLF | MFC |
|---|---|---|---|
Price/Earnings (Normalized) | 17.15 | 14.76 | 13.55 |
Price/Book Value | 2.96 | 2.33 | 2.18 |
Price/Sales | 2.79 | 1.78 | 1.96 |
Price/Cash Flow | — | 7.54 | 66.61 |
Metric | GWO | SLF | MFC |
|---|---|---|---|
Quick Ratio | — | — | — |
Current Ratio | — | — | — |
Interest Coverage | 17.67 | 8.76 | 5.00 |
Metric | GWO | SLF | MFC |
|---|---|---|---|
Return on Assets (Normalized) | 0.56% | 1.08% | 0.72% |
Return on Equity (Normalized) | 18.18% | 18.40% | 16.56% |
Return on Invested Capital (Normalized) | 12.12% | 12.93% | 10.00% |
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|---|---|---|---|---|---|---|
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| Ping An Insurance (Group) Co. of China Ltd ADR PNGAY | — | LOCK|%? | $135B | |||
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United States