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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