Great-West Lifeco Inc

Chart & Performance

D1W1MN

P/E

13.06

P/S

3.09

EPS

4.37

Div Yield, %

2.92%

Shrs. gr., 5y

-0.24%

Rev. gr., 5y

-17.37%

Revenues

17.22b

-35.01%

Net income

4.07b

+41.91%

CFO

4.75b

-1.59%

Dividend

Aug 30, 20240.555 CAD/sh

Earnings

Apr 29, 2025

Profile

Great-West Lifeco Inc., a financial services holding company, engages in the life and health insurance, retirement and investment services, asset management, and reinsurance businesses in Canada, the United States, and Europe. The company offers a portfolio of financial and benefit plan solutions for individuals, families, businesses, and organizations; life, disability, critical illness, accidental death, dismemberment, health and dental protection, and creditor insurance products; and retirement savings and income, annuity, and other specialty products. It also provides employer-sponsored retirement savings plans, individual retirement and taxable brokerage accounts, enrollment services, communication materials, investment options, and education services; and fund management, investment, and advisory services. In addition, the company offers private-label recordkeeping and administrative services; and investment products, including equity, fixed income, absolute return, and alternative strategies. Further, it provides protection and wealth management products, including payout annuity products; pension products; and life, annuity/longevity, mortgage surety, and property catastrophe reinsurance products. The company offers its products under the Canada Life, Irish Life, Empower, Putnam Investments, and PanAgora brand names. It distributes its products through a network of advisors, dealers, brokers, managing general agencies, financial institutions, consultants, third-party administrators, sales force, financial planners, employee benefit consultants, banks, and multi-tied agents. The company was founded in 1891 and is based in Winnipeg, Canada. Great-West Lifeco Inc. operates as a subsidiary of Power Financial Corporation.

URL

https://www.greatwestlifeco.com/

IPO date

Jun 26, 1986

Employees

31,000

Domiciled in

Incorporated in

Valuation

Order:

Title CAD in thousands, except ratios and share amounts	FY	FY	FY	FY	FY	FY	FY	FY	FY	FY
Title CAD in thousands, except ratios and share amounts	2024‑12	2023‑12	2022‑12	2021‑12	2020‑12	2019‑12	2018‑12	2017‑12	2016‑12	2015‑12
Income
Revenues	17,217,000 -35.01%	26,492,000 -40.74%	44,704,000 -30.63%
Cost of revenue	6,732,000	(9,315,000)	6,905,000
Unusual Expense (Income)
NOPBT	10,485,000	35,807,000	37,799,000
NOPBT Margin	60.90%	135.16%	84.55%
Operating Taxes	737,000	53,000	234,000
Tax Rate	7.03%	0.15%	0.62%
NOPAT	9,748,000	35,754,000	37,565,000
Net income	4,070,000 41.91%	2,868,000 -14.36%	3,349,000 2.67%
Dividends	(2,199,000)	(2,067,000)	(1,956,000)
Dividend yield	11.07%	11.47%	6.70%
Proceeds from repurchase of equity	(26,000)	(75,000)	39,000
BB yield	0.13%	0.42%	-0.13%
Debt
Debt current	523,000	435,000	1,151,000
Long-term debt	10,085,000	9,576,000	10,646,000
Deferred revenue	264,000		293,000
Other long-term liabilities	(10,803,000)	674,164,000	(7,096,000)
Net debt	(242,618,000)	(9,611,000)	(153,289,000)
Cash flow
Cash from operating activities	4,751,000	4,828,000	7,047,000
CAPEX
Cash from investing activities	(408,000)	(786,000)	(5,493,000)
Cash from financing activities	(2,285,000)	(3,550,000)	(620,000)
FCF	16,167,000	38,386,000	36,797,000
Balance
Cash	24,706,000	19,381,000	18,840,000
Long term investments	228,520,000	241,000	146,246,000
Excess cash	252,365,150	18,297,400	162,850,800
Stockholders' equity	30,946,000	28,117,000	30,609,000
Invested Capital	770,906,000	695,367,600	670,838,000
ROIC	1.33%	5.23%	5.90%
ROCE	1.31%	5.02%	5.38%
EV
Common stock shares outstanding	935,121	933,535	932,281
Price	21.25 10.10%	19.30 -38.34%	31.30 -17.54%
Market cap	19,871,311 10.29%	18,017,223 -38.26%	29,180,398 -17.43%
EV	(216,913,689)	14,141,223	(118,080,602)
EBITDA	10,485,000	36,312,000	38,357,000
EV/EBITDA		0.39
Interest	390,000	410,000	388,000
Interest/NOPBT	3.72%	1.15%	1.03%