Great-West Lifeco Inc. (T:GWO*CA)

Business Focus: Life & Health Insurance (NEC)

Sector:  Financials Industry:  Life & Health Insurance
 
Company Contact
Address: 100 Osborne St. N.
WINNIPEG MB R3C 1V3
Tel: N/A
Website: https://www.greatwestlifeco.com
IR: See website
<
Key People
Paul A. Mahon
President, Chief Executive Officer, Director
Graham R. Bird
Executive Vice-President and Chief Risk Officer of Lifeco and Canada Life
Garry MacNicholas
Executive Vice-President and Chief Financial Officer of Lifeco and Canada Life
David M. Harney
President and Chief Operating Officer, Europe of Lifeco and Canada Life
Arshil Jamal
President and Group Head, Strategy, Investments, Reinsurance and Corporate Development of Lifeco and Canada Life
Jeffrey F. Macoun
President and Chief Operating Officer, Canada of Lifeco and Canada Life
Edmund F. Murphy
President and Chief Executive Officer of Empower
Grace M. Palombo
Executive Vice-President, Chief Human Resources Officer of Lifeco and Canada Life
Raman Srivastava
Executive Vice-President, Global Chief Investment Officer of Lifeco and Canada Life
Steve M. Rullo
Executive Vice-President and Global Chief Information Officer of Lifeco and Canada Life
   
Business Overview
Great-West Lifeco Inc. is an international financial services holding company. The Company has interests in life insurance, health insurance, retirement and investment services, asset management and reinsurance businesses. Its segments include Canada, United States, Europe, and Capital and Risk Solutions. It operates in Canada, the United States and Europe under the brands Canada Life, Empower, and Irish Life. It operates through its subsidiaries, including The Canada Life Assurance Company (Canada Life), and Empower Annuity Insurance Company of America (Empower). Canada Life provides insurance and wealth management products and services in Canada, the United Kingdom, the Isle of Man and Germany, and in Ireland through Irish Life. Empower provides retirement plans.
Financial Overview
For the fiscal year ended 31 December 2023, Great-West Lifeco Inc revenues increased 78% to C$31.07B. Net income applicable to common stockholders excluding extraordinary items decreased 21% to C$2.86B. Revenues reflect FV Adjustments of Financial Investments increase from -C$26.93B to C$5.1B, Net investment income (loss) increase from -C$4.13B to C$4.81B, Fair Value Adjustments on Other Assets increase from -C$3.35B to C$750M.
Employees: 33,500 as of Dec 31, 2023
Reporting Currency: Canadian Dollars
Enterprise value: $50,883M as of Dec 31, 2023
Annual revenue (TTM): $31,071M as of Dec 31, 2023
EBITDA (TTM): $4,225M as of Dec 31, 2023
Net annual income (TTM): $2,862M as of Dec 31, 2023
Free cash flow (TTM): $3,136M as of Dec 31, 2023
Net Debt Last Fiscal Year: $1,304M as of Dec 31, 2023
Shares outstanding: 932,933,327 as of Mar 18, 2024
TTM: Trailing Twelve Months
EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization

Thank you for visiting InsiderTracking.com. We have detected you cannot see ads being served on our site due to blocking. Unfortunately, due to the high cost of data, we cannot serve the requested page without the accompanied ads.

If you wish to consider using a browser that blocks ads, please log in or subscribe.

Alternatively, if you have installed ad-blocking software, please disable it (sometimes a complete uninstall is necessary). If you are in private browsing mode and do not want to subscribe, please disable tracking protection while visiting our website.

Thank you for using Insider Tracking.