Great-West Lifeco Inc

Chart & Performance

D1W1MN

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	2023‑12	2022‑12	2021‑12	2020‑12	2019‑12	2018‑12	2017‑12	2016‑12	2015‑12	2014‑12
Income
Revenues	25,268,000 -43.48%	44,704,000 -30.63%	64,447,000 6.35%
Cost of revenue	6,329,000	6,905,000	6,129,000
Unusual Expense (Income)
NOPBT	18,939,000	37,799,000	58,318,000
NOPBT Margin	74.95%	84.55%	90.49%
Operating Taxes	53,000	234,000	304,000
Tax Rate	0.28%	0.62%	0.52%
NOPAT	18,886,000	37,565,000	58,014,000
Net income	2,868,000 -23.03%	3,726,000 14.22%	3,262,000 6.05%
Dividends	(2,067,000)	(1,956,000)	(1,811,000)
Dividend yield	5.05%	6.70%	5.12%
Proceeds from repurchase of equity	(75,000)	39,000	(97,000)
BB yield	0.18%	-0.13%	0.27%
Debt
Debt current	435,000	1,151,000	1,115,000
Long-term debt	9,576,000	10,646,000	9,140,000
Deferred revenue	256,000	293,000	314,000
Other long-term liabilities	670,964,000	(7,096,000)	(10,021,000)
Net debt	(223,606,000)	(153,289,000)	(141,372,000)
Cash flow
Cash from operating activities	5,203,000	7,047,000	10,373,000
CAPEX
Cash from investing activities	(786,000)	(5,493,000)	(11,212,000)
Cash from financing activities	(3,550,000)	(620,000)	(992,000)
FCF	21,646,000	36,797,000	58,522,000
Balance
Cash	19,381,000	18,840,000	17,228,000
Long term investments	214,236,000	146,246,000	134,399,000
Excess cash	232,353,600	162,850,800	148,404,650
Stockholders' equity	28,117,000	30,609,000	28,791,000
Invested Capital	684,761,000	670,838,000	601,530,000
ROIC	2.79%	5.90%	9.86%
ROCE	2.65%	5.38%	9.24%
EV
Common stock shares outstanding	933,535	932,281	930,958
Price	43.86 40.13%	31.30 -17.54%	37.96 25.07%
Market cap	40,944,839 40.32%	29,180,398 -17.43%	35,339,163 25.50%
EV	(176,926,161)	(118,080,602)	(100,045,837)
EBITDA	19,444,000	38,357,000	58,841,000
EV/EBITDA
Interest	426,000	388,000	334,000
Interest/NOPBT	2.25%	1.03%	0.57%