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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 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