- Great-West Lifeco reported base EPS of C$1.24, surpassing the estimated C$1.16.
- Regular EPS came in at C$0.96.
- The company’s base return on equity was 17.4%, slightly higher than the estimated 17.2%.
- Book value per share was reported as C$27.38, which was below the estimated C$27.84.
- Assets under administration totaled C$3.28 trillion.
- David Harney, President and CEO, attributed the double-digit base earnings growth to strong performance in wealth and group benefits businesses.
- Despite market volatility, the company remains on target to meet or exceed medium-term objectives.
- Great-West Lifeco is supported by strong capital generation and a healthy balance sheet.
- The company maintains a focus on executing growth strategies effectively.
- Analyst ratings include 3 buys, 6 holds, and 1 sell.
A look at Great-West Lifeco Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 3 | |
| Dividend | 4 | |
| Growth | 3 | |
| Resilience | 3 | |
| Momentum | 3 | |
| OVERALL SMART SCORE | 3.2 |
Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma
Great-West Lifeco Inc., a financial services holding company, has a neutral to positive long-term outlook based on the Smartkarma Smart Scores. While the company’s Value, Growth, Resilience, and Momentum scores all sit at a three, its Dividend score stands at a commendable four. This indicates that Great-West Lifeco is relatively stable with solid dividend payouts, making it an attractive option for investors seeking income. The company’s diverse interests in life insurance, health insurance, investment and retirement savings, and reinsurance sectors position it well to cater to the financial security needs of individuals in both Canada and the United States.
Overall, Great-West Lifeco presents a balanced profile with room for growth and income generation, as reflected in its Smartkarma Smart Scores. While it may not be a high flyer in terms of value or momentum, its strong dividend yield underscores its commitment to rewarding shareholders. With a focus on providing financial security solutions, the company is poised to navigate challenges and capitalize on opportunities in the North American financial services landscape.
Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
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