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 Street North, 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 | Philip Armstrong Executive Vice-President and Global Chief Information Officer | Paul A. Mahon President, Chief Executive Officer, Director |
| Garry MacNicholas Executive Vice-President, Chief Financial Officer of Lifeco, Great-West, London Life and Canada Life | Arshil Jamal President and Group Head, Strategy, Investments, Reinsurance and Corporate Development | Jeff Macoun President and Chief Operating Officer, Canada |
| Edmund F. Murphy President and Chief Executive Officer of U.S | Grace M. Palombo Executive Vice-President, Chief Human Resources Officer of Lifeco, Great-West, London Life and Canada Life | Sharon Geraghty Executive Vice-President and Global Chief Investment Officer, Lifeco, Great-West Life, London Life and Canada Life | Raman Srivastava Executive Vice-President and Global Chief Investment Officer, Lifeco, Great-West, London Life 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. It operates through four operating segments: Canada, United States, Europe 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 fiscal year ended 31 December 2019, Great-West Lifeco Inc revenues increased 1% to C$44.36B. Net income applicable to common stockholders decreased 20% to C$2.36B. Revenues reflect Europe segment increase of 31% to C$26.22B, Canada segment increase of 31% to C$21.21B, Europe segment increase of 31% to C$26.22B, Canada segment increase of 31% to C$21.21B. |
| Employees: | 24,000 as of Dec 31, 2019 |
| Reporting Currency: | Canadian Dollars |
| Enterprise value: | $39,034M as of Dec 31, 2019 |
| Annual revenue (TTM): | $44,362M as of Dec 31, 2019 |
| EBITDA (TTM): | $3,105M as of Dec 31, 2019 |
| Net annual income (TTM): | $2,359M as of Dec 31, 2019 |
| Free cash flow (TTM): | $4,418M as of Dec 31, 2019 |
| Net Debt Last Fiscal Year: | $1,365M as of Dec 31, 2019 |
| Shares outstanding: | 927,281,186 as of Jan 22, 2020 |
| TTM: Trailing Twelve Months EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization | |
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