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Great-West Lifeco Inc. (GWO.TO)

CA TSX Financial Services Insurance - Life
Address 100 Osborne Street North R3C 1V3
Winnipeg, MB, CA
CEO David Harney
IPO 2002-07-08
ISIN CA39138C1068

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Also trades on London Stock Exchange · 0AH3.L (CAD) Other OTC · GRWLF (USD) Other OTC · GRWTF (USD) Other OTC · GWLIF (USD) Other OTC · GWLPF (USD) Toronto Stock Exchange · GWO-PI.TO (CAD) Toronto Stock Exchange · GWO-PM.TO (CAD) Toronto Stock Exchange · GWO-PN.TO (CAD) Toronto Stock Exchange · GWO.TO (CAD)
Description

Great-West Lifeco Inc. is a financial services holding company deeply involved in life and health insurance, retirement and investment solutions, asset management, and reinsurance across Canada, the United States, and Europe. The company delivers a comprehensive portfolio of financial and benefit plan solutions tailored for individuals, families, businesses, and various organizations. Its offerings include a wide array of insurance products such as life, disability, critical illness, accidental death, dismemberment, health, dental, and creditor protection. Additionally, it provides retirement savings, income, annuity, and other specialized financial products, alongside employer-sponsored retirement programs, individual retirement and taxable brokerage accounts, supported by enrollment, communication, and educational resources. Great-West Lifeco also offers fund management, investment, and advisory services. Furthermore, the company supplies private-label recordkeeping and administrative support, and diverse investment products encompassing equity, fixed income, absolute return, and alternative strategies. Its extensive portfolio also includes wealth management and protection products like payout annuities and pension solutions, as well as reinsurance for life, annuity/longevity, mortgage surety, and property catastrophe risks. These products are marketed under prominent brand names such as Canada Life, Irish Life, Empower, Putnam Investments, and PanAgora. Distribution is achieved through a broad network of professionals including advisors, dealers, brokers, managing general agencies, financial institutions, consultants, third-party administrators, its own sales force, financial planners, employee benefit consultants, banks, and multi-tied agents. Established in Winnipeg, Canada, in 1891, Great-West Lifeco Inc. functions as a subsidiary of Power Financial Corporation.

Market Cap & Enterprise Value
Merger & Acquisition History

No mergers or acquisitions recorded for this company.

Technical Outlook
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Signal Summary Loading…
Indicator 1D1W2W3W1M
Each column is computed on that timeframe's candles (1D = daily, 1W ≈ weekly, 1M ≈ monthly), not on the same last day. ▲ bullish · ▼ bearish · — neutral. The Net row counts signals per column; hover any cell (or the indicator name) to see the exact rule behind it.
Day Score & sub-scores
Statistical fingerprint & regime detail
Conditional historical analysis
Customize analysis (advanced)
Indicative levels generated algorithmically. Not financial advice.
Risk Profile
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Price Chart
Averages
Trend
Price
Levels
Draw
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Volume Profile
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Liquidity & share structure
Average Volume
2M
Beta
0.70
Float Shares
265.10M
Free Float %
29.2%
Price Performance
1D5D1M3M6M YTD1Y3Y5Y10YMax
-0.45% +0.98% +11.96% +24.39% +21.92% +12.17% +48.13% +98.72% +109.06% +117.32% +1,856.96%
Rolling Volatility
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Drawdown
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Relative Strength
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Monthly Returns Heatmap
From To
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Annual Monthly Returns
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Daily Returns Distribution
vs.
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Revenue flow

Revenue by geography

Revenue by segment

From To

Revenue composition

From To

By product

By geography

Financial Statements

Income Statement

Balance Sheet

Cash Flow Statement

Key Metrics

Financial Ratios

Employees

Financial Growth (CAGR)

Market Data

Analyst Consensus (2 ratings, all time) Hold
Price Targets & DCF
Current price
75.64
DCF (Unlevered) 13.43 -82.2%

DCF figures are point estimates: small changes in growth or discount-rate assumptions move them materially. Read them as a reference, not a precise target.

Ratings Trend (MoM) 50% Bullish
Rating 2026-05 Change
Strong Buy 1 0
Buy 5 0
Hold 5 0
Sell 1 0
Strong Sell 0 -1
Quality scores
Altman Z-Score
0.20
Distress
Piotroski F-Score
7 / 9
Strong
MOAT Score
6 / 10
Developing
Composite Rating
C+
Overall Score
2 / 5
Medium
DCF Score
1 / 5
Low
ROE Score
4 / 5
High
ROA Score
3 / 5
Medium
D/E Score
2 / 5
Medium
P/E Score
2 / 5
Medium
P/Book Score
1 / 5
Low
Operational MOAT
✗ Below peers
  • Revenue growth Insurance - Life: +10.6%
    +12.6% Q1'26: -26.8% (vs Q1'25)
  • EPS growth Insurance - Life: +13.4%
    +1.2% Q1'26: +42.4% (vs Q1'25)
  • FCF margin FCF growth · Insurance - Life: +31.7%
    +24.0% Q1'26: +27.3% (vs Q1'25)
  • EBIT margin Insurance - Life: +12.4%
    +12.9% Q1'26: +21.9% (vs Q1'25)
  • ROIC Insurance - Life: +1.0%
    +24.9% Q1'26: +35.0% (vs Q1'25)
  • Share dilution Insurance - Life: +0.4%
    -0.7% Q1'26: -3.0% (vs Q1'25)
  • Debt / EBITDA Net debt/EBITDA · Insurance - Life: -1.05×
    2.38× Q1'26: 1.23× (vs Q1'25)
Valuation Multiples From To
Price Forecast (3Y) From To
Model
Adjust
P/E
Theoretical Return — If Invested Today

* These projections are based on analyst consensus estimates and user-defined valuation multiples. This table is for informational purposes only and does not constitute a recommendation to buy or sell any security. Past performance is not indicative of future results.

DCF Interactive Model (UFCF)
Projection years:
Market assumptions
WACC components (optional)
Ke (Cost of Equity) = Rf + β (0.69) × ERP
WACC = 84% × Ke + 16% × Kd (4.0%) × (1−t)

Modifying these values recalculates WACC automatically.

Business assumptions
Intrinsic value (base): 13.36 Current price: 88.18
Enterprise Value: Equity Value: Terminal Value: TV as % of EV:

Base values reflect the latest available data for this company and market conditions.

Consensus Estimates
Metric Dec 2009
actual
Dec 2010
actual
Dec 2011
actual
Dec 2012
actual
Dec 2013
actual
Dec 2014
actual
Dec 2015
actual
Dec 2016
actual
Dec 2017
actual
Dec 2018
actual
Dec 2019
actual
Dec 2020
actual
Dec 2021
actual
Dec 2022
actual
Dec 2023
actual
Dec 2024
actual
Dec 2025
actual
Dec 2026
1 Rev. Ana.
9 EPS Ana.
Dec 2027
1 Rev. Ana.
9 EPS Ana.
Dec 2028
1 Rev. Ana.
1 EPS Ana.
Revenue
30.54B
est: 31.58B (-3.3%)
30.10B
est: 33.96B (-11.4%)
29.90B
est: 29.21B (+2.4%)
30.60B
est: 30.34B (+0.9%)
26.45B
est: 26.86B (-1.5%)
39.18B
est: 36.43B (+7.5%)
33.82B
est: 35.81B (-5.5%)
46.38B
est: 38.26B (+21.2%)
47.12B
est: 46.64B (+1.0%)
44.03B
est: 55.31B (-20.4%)
44.75B
est: 59.22B (-24.4%)
60.60B
est: 71.77B (-15.6%)
64.45B
est: 57.30B (+12.5%)
-2.69B
est: 46.61B (-105.8%)
36.73B
est: 33.04B (+11.2%)
34.72B
est: 5.12B (+578.3%)
39.10B
est: 4.29B (+811.6%)
5.04B
5.04B – 5.04B
+17.5% YoY
5.50B
5.50B – 5.50B
+9.1% YoY
7.66B
7.66B – 7.66B
+39.3% YoY
EBITDA
2.51B
est: 3.15B (-20.4%)
2.34B
est: -3.89B (+160.2%)
3.12B
est: 1.69B (+83.9%)
2.99B
est: 2.68B (+11.3%)
3.22B
est: 2.03B (+58.0%)
3.87B
est: 3.62B (+6.8%)
3.97B
est: 2.89B (+37.5%)
3.89B
est: 5.16B (-24.6%)
3.26B
est: 3.25B (+0.1%)
3.97B
est: 3.15B (+26.1%)
3.59B
est: 3.84B (-6.6%)
3.80B
est: 3.29B (+15.4%)
4.72B
est: 3.42B (+38.1%)
4.96B
est: 3.67B (+35.0%)
3.98B
est: -3.33B (+219.8%)
5.93B
est: -515.31M (+1,250.2%)
5.64B
est: -431.81M (+1,406.4%)
-507.32M
-507.32M – -507.32M
-17.5% YoY
-553.70M
-553.70M – -553.70M
-9.1% YoY
-771.07M
-771.07M – -771.07M
-39.3% YoY
EBIT
2.42B
est: 3.35B (-27.8%)
2.25B
est: -4.19B (+153.7%)
2.97B
est: 1.71B (+74.2%)
2.84B
est: 2.81B (+1.1%)
3.05B
est: 2.30B (+32.7%)
3.67B
est: 3.64B (+0.7%)
3.75B
est: 2.89B (+29.6%)
3.63B
est: 5.17B (-29.9%)
3.00B
est: 3.25B (-7.8%)
3.67B
est: 2.92B (+25.4%)
3.17B
est: 3.59B (-11.7%)
3.36B
est: 2.61B (+28.8%)
4.20B
est: 2.71B (+55.0%)
4.44B
est: 2.91B (+52.6%)
3.48B
est: -3.67B (+194.7%)
5.37B
est: -569.25M (+1,043.5%)
5.06B
est: -477.01M (+1,161.2%)
-560.43M
-560.43M – -560.43M
-17.5% YoY
-611.66M
-611.66M – -611.66M
-9.1% YoY
-851.78M
-851.78M – -851.78M
-39.3% YoY
Net Income
1.70B
est: 2.39B (-28.8%)
1.70B
est: 1.83B (-6.9%)
2.12B
est: 1.50B (+41.3%)
1.92B
est: 2.20B (-12.7%)
2.41B
est: 1.71B (+40.9%)
2.67B
est: 3.02B (-11.6%)
2.89B
est: 2.35B (+22.7%)
2.76B
est: 4.47B (-38.2%)
2.28B
est: 2.87B (-20.5%)
3.09B
est: 2.57B (+20.2%)
2.49B
est: 3.30B (-24.4%)
3.08B
est: 2.57B (+19.9%)
3.26B
est: 2.67B (+22.4%)
3.73B
est: 2.24B (+66.5%)
2.87B
est: 3.70B (-22.5%)
4.07B
est: 4.13B (-1.4%)
4.12B
est: 4.61B (-10.6%)
5.18B
5.08B – 5.28B
+12.4% YoY
5.59B
5.33B – 5.85B
+7.9% YoY
6.12B
6.12B – 6.12B
+9.4% YoY
SGA
3.97B
est: 320.61M (+1,138.3%)
4.28B
est: -9.73B (+144.0%)
2.41B
est: 220.21M (+992.1%)
2.54B
est: 274.19M (+827.1%)
3.11B
est: 259.41M (+1,099.3%)
3.67B
est: 4.47B (-17.8%)
4.39B
est: 3.42B (+28.1%)
4.72B
est: 4.98B (-5.3%)
4.62B
est: 4.98B (-7.2%)
4.94B
est: 5.64B (-12.5%)
5.02B
est: 5.83B (-13.9%)
5.27B
est: 5.66B (-6.9%)
6.13B
est: 5.88B (+4.2%)
5.41B
est: 6.32B (-14.3%)
6.33B
est: -9.03B (+170.1%)
6.73B
est: -1.40B (+581.0%)
7.10B
est: -1.17B (+705.0%)
-1.38B
-1.38B – -1.38B
-17.5% YoY
-1.50B
-1.50B – -1.50B
-9.1% YoY
-2.09B
-2.09B – -2.09B
-39.3% YoY
EPS
1.72
est: 1.73 (-0.7%)
1.70
est: 1.95 (-12.7%)
2.13
est: 1.98 (+7.8%)
1.90
est: 2.08 (-8.8%)
2.34
est: 2.30 (+1.7%)
2.55
est: 2.59 (-1.4%)
2.77
est: 2.80 (-1.0%)
2.67
est: 2.68 (-0.4%)
2.17
est: 2.60 (-16.6%)
3.13
est: 3.04 (+3.1%)
2.49
est: 2.96 (-15.8%)
3.17
est: 2.84 (+11.6%)
3.37
est: 3.51 (-4.0%)
3.86
est: 3.39 (+13.9%)
2.94
est: 3.99 (-26.2%)
4.23
est: 4.45 (-4.9%)
4.29
est: 4.96 (-13.6%)
5.57
5.47 – 5.68
+12.3% YoY
6.04
5.74 – 6.30
+8.4% YoY
6.58
6.58 – 6.58
+9.0% YoY
Historical Ratings (3M)
Date Rating Overall DCF ROE ROA D/E P/E P/B
2026-05-07 C+ 2/5 1/5 4/5 3/5 2/5 2/5 1/5
2026-05-06 C+ 2/5 1/5 4/5 3/5 2/5 2/5 1/5
2026-05-05 C+ 2/5 1/5 4/5 3/5 2/5 2/5 1/5
2026-05-04 C+ 2/5 1/5 4/5 3/5 2/5 2/5 1/5
2026-05-01 C+ 2/5 1/5 4/5 3/5 2/5 2/5 1/5
2026-04-30 C+ 2/5 1/5 4/5 3/5 2/5 2/5 1/5
2026-04-29 B- 2/5 1/5 4/5 3/5 2/5 2/5 2/5
2026-04-28 B- 2/5 1/5 4/5 3/5 2/5 2/5 2/5
2026-04-27 B- 2/5 1/5 4/5 3/5 2/5 2/5 2/5
2026-04-24 B- 2/5 1/5 4/5 3/5 2/5 2/5 2/5
2026-04-23 B- 3/5 1/5 4/5 4/5 2/5 2/5 2/5
2026-04-22 B- 3/5 1/5 4/5 4/5 2/5 2/5 2/5
2026-04-21 B- 3/5 1/5 4/5 4/5 2/5 2/5 2/5
2026-04-20 B- 3/5 1/5 4/5 4/5 2/5 2/5 2/5
2026-04-17 B- 3/5 1/5 4/5 4/5 2/5 2/5 2/5
2026-04-16 B- 3/5 1/5 4/5 4/5 2/5 2/5 2/5
2026-04-15 B 3/5 1/5 4/5 4/5 2/5 3/5 2/5

Owner Earnings

Owner's Earnings (history) From To
Owner alignment
Owner's Earnings TTM
4.87B
OE per share TTM
5.28
Owner's Yield
7.06%
Maintenance CapEx ratio
8.70%
Maint CapEx / Avg PPE
3.8%

Ownership Overview

Ownership breakdown
At a glance
Institutional holders
2
Total invested
5.60M
Insider transactions (90d)
0
Beneficial owners (>5%)
0
Beneficial owners (>5%)

No beneficial ownership filings recorded.

Institutional Activity (13F)

Institutional ownership trend From To
13F snapshot — 2025 Q4
Investors holding
2
+0 vs prev Q
New positions
0
Closed positions
0
Increased
1
Reduced
0
Put/Call ratio
0.00
Calls held
Puts held
Top institutional holders
# Investor Shares / Δ Mkt value / Δ Own% / Δ Weight% / Δ Avg px / Perf. Hold / Status
1 MN SERVICES VERMOGENSBEHEER B.V. 113.2K +10.2K (+9.9%) 5.59M +1.4M (+33.7%) 0.01% +0.001 pp 0.03% +0.007 pp CAD41.61 +62.7% 18 qtrs
2 STRATEGIC INVESTMENT SOLUTIONS, INC. /IL 168.00 +— (+0.0%) 8.3K +1.5K (+21.5%) 0.00% +0.000 pp 0.00% +0.000 pp CAD39.90 +69.6% 7 qtrs
Ownership breakdown by holder

Insider Activity

Insider Activity — Latest Quarter

No insider activity available.

Insider buys vs sells (history)

Insider history not available.

Recent insider transactions

No recent insider transactions.

Executive team

Top executives
EBIT / Employee
152.2K
Shares Outstanding
907.15M

Executive compensation

Executive compensation (annual)

Executive compensation not available.

CEO compensation breakdown

No CEO compensation history available.

Proxy statements

Proxy statements (DEF 14A)

No proxy statements available for this company yet.

Recent SEC filings

Recent SEC filings

No SEC filings available for this company yet.

Executive team

NameTitleCompensationGender
Edmund Francis Murphy President & Chief Executive Officer of Empower 8M male
Paul Anthony Mahon Senior Advisor & Director 5M male
David Harney President, Chief Executive Officer & Director 3M male
Jon Nielsen Executive Vice President & Chief Financial Officer 3M male
Dervla Mary Tomlin Executive Vice President & Chief Risk Officer 2M female
John Melvin Executive Vice President & Chief Investment Officer 2M male
Sharon C. Geraghty Executive Vice President & General Counsel 1M female
Amy Metzger Senior Vice President & Chief Compliance Officer
Shubha Rahman Khan SVP & Head of Investor Relations male
Andrew Conrad Senior Vice President of Corporate Finance & Treasury
Declan Bolger Chief Executive Officer of Irish Life Group male
Fabrice Morin President & Chief Operating Officer of Canada male
ESG Score History

No data available for this company.

Senate Trading Activity

No Senate trading activity found for this company.

House Trading Activity

No House trading activity found for this company.

Market share among peers
Peer comparison — filtered group (TTM)
Your opinion

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Dividend yield history

Dividend history

Earnings history

Earnings reports

Stock splits