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    Insurance - Life
Great-West Lifeco Inc.

Great-West Lifeco Inc.

GWO.TO
Great-West Lifeco Inc.CA flagToronto Stock Exchange
91.80
CAD
+0.44
- -
82.98BMarket Cap
Great-West Lifeco Inc.
GWO.TO
(Toronto Stock Exchange)

Recent

price

91.80

P/E

ratio

- -

div

yld

- -

ROIC.AI

2010
2011
2012
2013
2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
TTM
FRC
31.77
31.49
32.21
27.16
39.24
33.97
46.85
47.63
44.54
47.3
65.32
69.34
-2.89
39.43
37.25
42.32
42.94
Revenue per Share
1.7
2.13
1.9
2.34
2.55
2.77
2.67
2.17
3
2.49
3.17
3.37
3.86
2.94
4.23
4.29
4.01
Basic EPS, GAAP
6.12
5.1
4.97
5.16
5.45
5.15
6.32
6.83
6.57
6.46
10.36
11.16
4.05
5.58
5.1
2.93
4.6
Free Cash Flow per Basic Share
1.32
1.33
1.35
1.37
1.35
1.43
1.51
1.6
1.69
1.79
1.9
1.95
2.1
2.22
2.36
2.61
2.47
Dividend per Share
5.78
12.9
13.56
15.42
16.26
17.65
18.78
19.57
20.86
20.39
22.25
20.4
22.29
23.07
25.04
25.42
25.31
Book Value per Share
4.66
5.54
6.27
8.47
9.92
12.85
12.67
13.05
14.32
13.16
10.68
10.47
9.91
12.23
14.54
15.03
14.93
Tangible Book Value per Share
947
949
950
974
999
996
990
989
989
946
928
929
932
932
932
924
931
Basic Weighted Avg Shares
30,103
29,898
30,597
26,446
39,181
33,820
46,381
47,117
44,032
44,748
60,599
64,447
-2,693
36,731
34,723
39,104
39,959
Sales/Revenue/Turnover
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Operating Margin (%)
92
143
147
165
200
226
260
254
308
418
438
523
516
505
556
579
576
Depreciation Expense
1,701
2,118
1,921
2,408
2,668
2,888
2,764
2,278
3,094
2,492
3,076
3,262
3,726
2,868
4,070
4,120
3,859
Net Income, GAAP
13.03
17.2
14.21
16.65
18.53
13.25
11.81
15.46
11.18
12.95
- -
7.86
9.69
1.73
14.8
11.37
11.85
Effective Tax Rate (%)
5.65
7.08
6.28
9.11
6.81
8.54
5.96
4.83
7.03
5.57
5.08
5.06
-138.36
7.81
11.72
10.54
9.66
Profit Margin (%)
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Working Capital
4,288
4,009
3,988
5,158
4,829
4,928
5,552
5,349
5,984
5,564
8,723
8,804
10,139
12,325
13,496
12,767
9,292
LT Debt
14,816
15,712
17,011
19,830
21,897
25,260
25,008
25,536
27,398
25,543
27,015
27,075
28,795
29,851
32,654
33,003
32,696
Total Equity
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Return on Invested Capital (%)
14.52
12.76
8.61
11.24
10.57
10.73
9.49
8.02
10.24
8.4
- -
9.18
11.57
8.37
10.34
10.22
10.93
Return on Capital (%)
25.15
22.82
14.37
16.33
16.3
16.34
14.6
11.32
14.81
11.82
14.74
15.8
18.1
12.96
17.58
16.91
16.23
Return on Common Equity (%)

Capital Structure

FRC

•

in mil. unless spec.
Dec'24
Mar'25
Jun'25
ST Debt
523
- -
- -
LT Borrowings
13,116
9,540
9,292
LT Finance Leases
380
- -
- -
Preferred Equity and Hybrid Capital
2,720
2,720
2,720
Shares Outstanding
932
931
925
Market Capitalization
44,440
52,541
48,196

Working Capital

FRC

•

in mil. unless spec.
Dec'24
Mar'25
Jun'25
Total Current Assets
- -
- -
- -
Cash, Cash Equivalents & STI
24,706
25,548
25,212
Accounts Receivable, Net
5,402
5,534
5,347
Inventories
- -
- -
- -
Total Current Liabilities
- -
- -
- -
Payables & Accruals
3,818
3,259
3,859
ST Debt
523
- -
- -
Deferred Revenue
- -
- -
- -

Growth Rates

FRC

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
2.81%
4.14%
1.07%
Free Cash Flow
0.81%
-13.89%
-43%
Net Income, GAAP
5.83%
8.08%
1.23%
Sales/Revenue/Turnover
-148.54%
-310.92%
12.62%
Total Cash Common Dividend
5.69%
6.76%
8.89%

Quarterly Revenue

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
7,489
8,225
15,837
3,172
34,723
2025
10,558
10,392
6,761
- -
39,104
2026
7,731
- -
- -
- -
- -

Quarterly Earnings Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
1.03
1.08
0.92
- -
4.23
2025
0.92
0.96
- -
- -
4.29
2026
1.32
- -
- -
- -
- -

Quarterly Dividends Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
0.59
0.59
0.59
- -
2.36
2025
0.64
0.65
- -
- -
2.61
2026
0.71
- -
- -
- -
- -
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Business
Great-West Lifeco Inc. stands as an international financial services holding company, actively involved across life and health insurance, retirement and investment solutions, asset management, and reinsurance operations throughout Canada, the United States, and Europe, with a presence extending to Asia. This organization delivers a broad spectrum of financial and benefit plan offerings to individuals, families, enterprises, and various entities. Its portfolio encompasses a range of coverage including life, disability, critical illness, accidental death, dismemberment, health and dental protection, and creditor insurance products. The company also provides retirement savings plans, income solutions, annuities, and other specialized financial instruments. For employers, it offers comprehensive retirement savings programs, alongside individual retirement and brokerage accounts, supported by enrollment services, communication resources, diverse investment choices, and educational support. Additionally, the firm supplies fund management, investment, and advisory expertise. It delivers administrative and private-label recordkeeping services, alongside a suite of investment products spanning equity, fixed income, and alternative strategies. Furthermore, its reinsurance arm provides life, annuity/longevity, mortgage surety, and property catastrophe reinsurance products. The company's offerings are presented under prominent brand names such as Canada Life, Empower, and Irish Life. Distribution of its services occurs through an extensive network comprising financial advisors, dealers, brokers, managing general agencies, financial institutions, consultants, third-party administrators, dedicated sales teams, financial planners, employee benefit consultants, and banks. Headquartered in Winnipeg, Canada, the company traces its origins back to 1891, and operates as a significant subsidiary within the Power Financial Corporation group. In recent years, the company has continued to refine its operations, including the divestiture of Putnam Investments in early 2024 and the introduction of new retirement income solutions through Empower in the same year. It currently manages over $3.2 trillion in assets under administration, serving approximately 40 million customer relationships globally.