Great-West Lifeco Inc. (T:GWO)
Business Focus: Life & Health Insurance
| Sector: Financials | Industry: Life & Health Insurance |
| See Regulatory Filings on SEDAR | |
| Company Contact | |
| Address: | 100 Osborne St. N., Stn Main PO Box 6000 WINNIPEG MB R3C 3A5 |
| Tel: | N/A |
| Website: | https://www.greatwestlifeco.com |
| IR: | See website |
| Key People | ||
| R. Jeffrey Orr Independent Chairman of the Board | Sharon C. Geraghty Executive Vice-President and General Counsel of Lifeco and Canada Life | Paul A. Mahon President, Chief Executive Officer, Director |
| Garry MacNicholas Executive Vice-President and Chief Financial Officer of Lifeco and Canada Life | Arshil Jamal President and Group Head, Strategy, Investments, Reinsurance and Corporate Development | Jeff Macoun President and Chief Operating Officer, Canada |
| Grace M. Palombo Executive Vice-President, Chief Human Resources Officer of Lifeco, Great-West, London Life and Canada Life | Raman Srivastava Executive Vice-President and Global Chief Investment Officer, Lifeco, Great-West, London Life and Canada Life | Philip Armstrong Executive Vice-President and Global Chief Information Officer | Graham R. Bird Executive Vice-President and Chief Risk Officer of Lifeco and Canada Life |
| Business Overview |
| Great-West Lifeco Inc. (Lifeco) is a financial service holding company. The Company has interests in the life insurance, health insurance, asset management, investment and retirement savings, and reinsurance businesses. Its segments include Canada, United States, Europe, Capital and Risk Solutions and Lifeco Corporate. Lifeco has operations in Canada, the United States, Europe and Asia through The Great-West Life Assurance Company, London Life Insurance Company, The Canada Life Assurance Company (Canada Life), Great-West Life & Annuity Insurance Company, Putnam Investments, LLC (Putnam), Canada Life Limited and Irish Life Group Limited (Irish Life). The Company operates in Canada, the United States and Europe under the brands Canada Life, Empower Retirement, Putnam Investments and Irish Life. |
| Financial Overview |
| For the six months ended 30 June 2020, Great-West Lifeco Inc revenues increased 54% to C$29.96B. Net income applicable to common stockholders increased 8% to C$1.21B. Revenues reflect increase in net premium earned. Net income was partially offset by Other classifications decrease of 90% to C$23M (income), Amortization of finite life intangible a increase of 9% to C$117M (expense). Dividend per share increased from C$0.83 to C$0.88. |
| Employees: | 24,000 as of Dec 31, 2019 |
| Reporting Currency: | Canadian Dollars |
| Enterprise value: | $30,504M as of Jun 30, 2020 |
| Annual revenue (TTM): | $54,925M as of Jun 30, 2020 |
| EBITDA (TTM): | $3,368M as of Jun 30, 2020 |
| Net annual income (TTM): | $2,448M as of Jun 30, 2020 |
| Free cash flow (TTM): | $4,236M as of Jun 30, 2020 |
| Net Debt Last Fiscal Year: | $733.00M as of Jun 30, 2020 |
| Shares outstanding: | 927,684,906 as of Jul 27, 2020 |
| TTM: Trailing Twelve Months EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization | |
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