Skip to Content
Morningstar

Great-West Lifeco Inc GWO

Morningstar Rating
Unlock
Stock XTSE Rating as of
CAD 40.43 +0.16 (0.40%)
View Full Chart
As of Delayed Price Closed
Unlock our analysis with Morningstar Investor
Start Free Trial

Company Report

View Archive

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

Suryansh Sharma

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.

Read Full Report

Price vs Fair Value

View History
GWO is trading at a 0% premium.
Price
CAD 40.18
Fair Value
CAD 33.00
Uncertainty
Medium
1-Star Price
CAD 67.00
5-Star Price
CAD 27.00
Economic Moat
Zjb
Capital Allocation
Xypvybvxm

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.

Show More
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.
Get 7 Days Free

News

View All

Trading Information

Previous Close Price
CAD 40.27
Day Range
CAD 40.16–40.56
52-Week Range
CAD 37.06–45.14
Bid/Ask
CAD 40.34 / CAD 40.48
Market Cap
CAD 37.72 Bil
Volume/Avg
2.4 Mil / 2.9 Mil

Key Statistics

Price/Earnings (Normalized)
10.11
Price/Sales
1.49
Dividend Yield (Trailing)
5.23%
Dividend Yield (Forward)
5.49%
Total Yield
5.46%

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
Website
https://www.greatwestlifeco.com

Competitors

Valuation

View More
Metric
GWO
SLF
MFC
Price/Earnings (Normalized)
 10.1110.989.17
Price/Book Value
 1.561.881.38
Price/Sales
 1.491.261.38
Price/Cash Flow
 5.21—34.77
Price/Earnings
GWO
SLF
MFC

Financial Strength

Metric
GWO
SLF
MFC
Quick Ratio
 ———
Current Ratio
 ———
Interest Coverage
 8.488.125.15
Quick Ratio
No chart available

Profitability

Metric
GWO
SLF
MFC
Return on Assets (Normalized)
 0.47%1.15%0.78%
Return on Equity (Normalized)
 13.76%16.86%16.60%
Return on Invested Capital (Normalized)
 9.28%12.08%9.66%
Return on Assets
GWO
SLF
MFC
See how this stock stacks up to its competitors with Morningstar Investor
Start Free Trial

Insurance - Life Industry Comparables

Screen in Investor
Ticker
Name
Morningstar Rating for Stocks
Capital Allocation
Economic Moat
Market Cap
PIAIF
Ping An Insurance (Group) Co. of China Ltd Class HGyxmcxgkHrk$93.0 Bil
PNGAY
Ping An Insurance (Group) Co. of China Ltd ADR—Qwx$93.0 Bil
CILJF
China Life Insurance Co Ltd Class H—Bsnhl$92.8 Bil
AAGIY
AIA Group Ltd ADR—Fthk$72.3 Bil
AAIGF
AIA Group Ltd—Nwhyf$72.3 Bil
MET
MetLife IncYcwwdhpBqfm$52.6 Bil
AFL
Aflac IncXvdtnjvKwxpxst$48.5 Bil
MFC
Manulife Financial CorpJnwqlkfySnzj$41.4 Bil
PRU
Prudential Financial IncHxqxrpljRqn$40.5 Bil
PUK
Prudential PLC ADRNxgsjcrtMslg$25.2 Bil

Sponsor Center