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Great-West Lifeco Inc.TSX:GWO Stock Report

Market Cap CA$74.9b
Share Price
CA$83.39
CA$76.08
9.6% overvalued intrinsic discount
1Y61.3%
7D4.0%
1D
Portfolio Value
View

Great-West Lifeco Inc.

TSX:GWO Stock Report

Market Cap: CA$74.9b

Great-West Lifeco (GWO) Stock Overview

Engages in the life and health insurance, retirement savings, wealth and asset management, and reinsurance businesses in Canada, the United States, and Europe. More details

GWO fundamental analysis
Snowflake Score
Valuation3/6
Future Growth2/6
Past Performance4/6
Financial Health4/6
Dividends5/6

GWO Community Fair Values

Create Narrative

See what 61 others think this stock is worth. Follow their fair value or set your own to get alerts.

Great-West Lifeco Inc. Competitors

Price History & Performance

Summary of share price highs, lows and changes for Great-West Lifeco
Historical stock prices
Current Share PriceCA$83.39
52 Week HighCA$83.76
52 Week LowCA$49.78
Beta0.70
1 Month Change7.25%
3 Month Change29.93%
1 Year Change61.26%
3 Year Change118.24%
5 Year Change127.72%
Change since IPO3,002.88%

Recent News & Updates

Narrative Update Jun 02

GWO: AI Deployment And Capital Returns Will Shape Future Repricing Balance

Great-West Lifeco's analyst price target has increased to CA$76.08 from CA$72.92, with analysts citing updated assumptions on fair value and price-to-earnings ratios, along with a series of recent target increases across major Canadian banks and brokers. Analyst Commentary Recent Street research shows a cluster of higher price targets for Great-West Lifeco, with adjustments ranging from C$3 to C$13 across multiple firms.

Recent updates

Narrative Update Jun 02

GWO: AI Deployment And Capital Returns Will Shape Future Repricing Balance

Great-West Lifeco's analyst price target has increased to CA$76.08 from CA$72.92, with analysts citing updated assumptions on fair value and price-to-earnings ratios, along with a series of recent target increases across major Canadian banks and brokers. Analyst Commentary Recent Street research shows a cluster of higher price targets for Great-West Lifeco, with adjustments ranging from C$3 to C$13 across multiple firms.
Narrative Update May 08

GWO: Capital Returns And Mixed Ratings Will Shape Future Repricing

Analysts have lifted the blended price target on Great-West Lifeco by about CA$4. This reflects a slightly higher fair value estimate and updated P/E assumptions following a series of recent target increases from several firms.
Narrative Update Apr 23

GWO: Capital Returns And Mixed Ratings Will Shape Medium Term Re Rating

Analysts have nudged the blended CA$ fair value estimate for Great-West Lifeco to about CA$68.92 from CA$68.33, reflecting a mix of revised price targets across firms, including recent moves to CA$64 at RBC Capital, CA$66 at BMO Capital, and CA$71 at Scotiabank, while keeping core assumptions such as discount rate, revenue growth, profit margin, and future P/E broadly unchanged. Analyst Commentary Recent research updates cluster Great-West Lifeco's fair value views within a fairly tight CA$64 to CA$71 range, with rating stances spreading from Market Perform and Sector Perform to Outperform.
Narrative Update Apr 08

GWO: Capital Returns And Sector Pressures Will Guide Medium Term Re Rating

Analysts have made only modest adjustments to their CA$60 to CA$73 price targets on Great-West Lifeco, with the latest changes reflecting updated views on capital strength, cash generation, and sector level headwinds such as spread compression and technology spending. Analyst Commentary Recent research updates show a clustered range of price targets between CA$60 and CA$73, with most sitting in the mid to high CA$60s.
Narrative Update Mar 25

GWO: Capital Returns And Sector Headwinds Will Shape Medium Term Re Rating

Analysts have adjusted their price targets for Great-West Lifeco in a fairly tight range, with recent moves spanning from CA$64 to CA$73. These changes reflect updated views on capital strength, cash flow, consolidation trends, and sector headwinds such as spread compression and technology spend.
Narrative Update Mar 10

GWO: Capital Returns And Cautious Sector Outlook Will Shape Medium Term Re Rating

Great West Lifeco's analyst fair value estimate has inched up by about CA$0.33 to CA$68.33, reflecting a mix of higher and lower price targets across the Street as analysts balance updated views on growth, margins, and sector conditions. Analyst Commentary Street research on Great West Lifeco is clustered around small upward and downward price target moves, with most firms keeping neutral to moderately positive ratings.
Narrative Update Feb 24

GWO: Capital Returns And Earnings Quality Will Support Medium Term Re Rating

The analyst price target for Great-West Lifeco has been revised modestly higher to CA$68.00, reflecting updated views that incorporate Street research highlighting changes to revenue growth, profit margin assumptions, and sector outlooks from firms that recently adjusted their CA$60 to CA$73 target range. Analyst Commentary Recent research updates on Great-West Lifeco cluster in a CA$60 to CA$73 target range, which gives you a sense of how the Street is framing potential outcomes around execution, growth initiatives, and sector risks.
Narrative Update Feb 10

GWO: Capital Strength And Buybacks Will Support Higher Medium Term Earnings Multiple

Analysts have inched their fair value estimate for Great-West Lifeco higher to about C$67 from roughly C$66. This reflects recent price target increases at several firms and updated assumptions around discount rates, margins, and future P/E multiples.
Narrative Update Jan 26

GWO: Capital Strength And Buybacks Will Support Balanced Medium Term Earnings Outlook

Narrative Update: Great-West Lifeco Our updated analyst price target for Great-West Lifeco moves higher to C$66.17 from C$64.50, reflecting analysts' higher Street targets and their focus on capital strength, cash flow and consolidation potential, alongside modest adjustments to our fair value inputs such as profit margin and future P/E assumptions. Analyst Commentary Recent Street research has trended toward higher price targets for Great-West Lifeco, with several firms revising their views and focusing on capital strength, cash flow generation and the potential role the company could play in sector consolidation.
Narrative Update Jan 12

GWO: Retirement And Wealth Focus Will Support Balanced Medium Term Earnings Outlook

Narrative Update The analyst price target for Great-West Lifeco has moved higher, with recent Street research lifting targets into the C$59 to C$73 range, as analysts cite capital strength, cash flow, consolidation trends and growth in retirement and wealth assets as key supports for their updated views. Analyst Commentary Recent research on Great-West Lifeco clusters around higher price targets, with analysts weighing the company’s capital position, retirement and wealth exposure, and consolidation activity against sector wide pressure points.
Analysis Article Dec 31

Subdued Growth No Barrier To Great-West Lifeco Inc.'s (TSE:GWO) Price

There wouldn't be many who think Great-West Lifeco Inc.'s ( TSE:GWO ) price-to-earnings (or "P/E") ratio of 15.3x is...
Narrative Update Dec 26

GWO: Retirement And Wealth Expansion Will Drive Moderately Higher Medium-Term Earnings Outlook

Analysts have modestly increased their price targets on Great-West Lifeco, reflecting expectations for improving profitability, incremental earnings upside from retirement and wealth assets under management growth, and potential valuation re rating as the company deepens its 401k and retiree wealth platform strategy. Analyst Commentary Bullish analysts see the recent wave of target price increases as confirmation that the market is beginning to recognize Great-West Lifeco's improving earnings trajectory and growing strategic footprint in retirement and wealth.
Narrative Update Dec 11

GWO: Retirement And Wealth Expansion Will Support Durable Medium-Term Earnings Outlook

Analysts have raised their consolidated price target on Great-West Lifeco to a mid C$60s range, reflecting modest upside from prior levels. They highlight stronger long term earnings potential from retirement and wealth assets under management growth and expected benefits from 401k platform acquisitions.
Narrative Update Nov 27

GWO: Retirement And Wealth Expansion Will Sustain Balanced Medium-Term Outlook

Great-West Lifeco's analyst price targets have been revised upward, with recent updates now ranging from C$59 to C$71. Analysts cite stronger growth prospects and continued expansion in retirement and wealth management segments.
Narrative Update Nov 13

GWO: Retirement And Wealth Asset Flows Will Drive Steady Earnings Outlook

Analysts have raised their price targets for Great-West Lifeco, with updated valuations moving higher by several Canadian dollars per share. Recent research highlights the company’s growing earnings forecasts and improved outlook, supported by expanding revenue and profit margins.
Narrative Update Oct 30

Asset Growth And Platform Expansion Will Drive Measured Wealth Management Upside

Analysts have increased their price target for Great-West Lifeco from C$56.50 to C$58.82. They cite expectations for continued asset growth and platform expansion, which are anticipated to drive earnings upside and profitability improvements.
Narrative Update Oct 15

Digital Transformation And Aging Trends Will Expand Global Wealth Management

Narrative Update: Great-West Lifeco Price Target Increased Analysts have raised their price target for Great-West Lifeco from C$59 to C$61, reflecting updated fair value estimates and continued optimism about the company’s outlook. Analyst Commentary Bullish Takeaways Bullish analysts have increased their price target, attributing this to improving fundamentals and updated fair value estimates.
Narrative Update Sep 18

Digital Transformation And Aging Trends Will Expand Global Wealth Management

With both the Future P/E and Net Profit Margin for Great-West Lifeco remaining effectively unchanged, the consensus analyst price target was only marginally raised from CA$55.00 to CA$55.73. What's in the News Increased equity buyback authorization by 20,000,000 shares, totaling 40,000,000 shares.
Analysis Article Jul 25

With EPS Growth And More, Great-West Lifeco (TSE:GWO) Makes An Interesting Case

Investors are often guided by the idea of discovering 'the next big thing', even if that means buying 'story stocks...
Analysis Article Jun 19

Investors Don't See Light At End Of Great-West Lifeco Inc.'s (TSE:GWO) Tunnel

Great-West Lifeco Inc.'s ( TSE:GWO ) price-to-earnings (or "P/E") ratio of 12.1x might make it look like a buy right...
User avatar
New Narrative Nov 10

Calculated Acquisitions And Digital Growth Propel US Expansion And Revenue Potential

Strategic acquisitions and partnerships drive revenue growth and operational efficiencies in U.S. and Canadian segments, bolstering base earnings.

Shareholder Returns

GWOCA InsuranceCA Market
7D4.0%2.9%1.4%
1Y61.3%22.7%31.6%

Return vs Industry: GWO exceeded the Canadian Insurance industry which returned 22.7% over the past year.

Return vs Market: GWO exceeded the Canadian Market which returned 31.6% over the past year.

Price Volatility

Is GWO's price volatile compared to industry and market?
GWO volatility
GWO Average Weekly Movement2.5%
Insurance Industry Average Movement3.4%
Market Average Movement10.1%
10% most volatile stocks in CA Market17.5%
10% least volatile stocks in CA Market3.7%

Stable Share Price: GWO has not had significant price volatility in the past 3 months compared to the Canadian market.

Volatility Over Time: GWO's weekly volatility (2%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
197933,430David Harneywww.greatwestlifeco.com

Great-West Lifeco Inc. engages in the life and health insurance, retirement savings, wealth and asset management, and reinsurance businesses in Canada, the United States, and Europe. The company offers life, accidental death and dismemberment, critical illness, disability, health and dental protection, and creditor insurance products; and retirement savings, income and annuity products, and other specialty products to individuals, families, businesses, and organizations. It also provides individual product solutions and employer-sponsored retirement savings plans that offers saving, investment, and advisory services; retail wealth management products and services to individuals, including individual retirement accounts and after-tax investment accounts; and wealth management, including payout annuity, equity release mortgages, pensions, and investments products.

Great-West Lifeco Inc. Fundamentals Summary

How do Great-West Lifeco's earnings and revenue compare to its market cap?
GWO fundamental statistics
Market capCA$74.89b
Earnings (TTM)CA$4.29b
Revenue (TTM)CA$36.00b
17.4x
P/E Ratio
2.1x
P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report (TTM)
GWO income statement (TTM)
RevenueCA$36.00b
Cost of RevenueCA$18.75b
Gross ProfitCA$17.25b
Other ExpensesCA$12.96b
EarningsCA$4.29b

Last Reported Earnings

Mar 31, 2026

Next Earnings Date

Jul 28, 2026

Earnings per share (EPS)4.78
Gross Margin47.92%
Net Profit Margin11.92%
Debt/Equity Ratio26.7%

How did GWO perform over the long term?

See historical performance and comparison

Dividends

3.2%
Current Dividend Yield
53%
Payout Ratio

Does GWO pay a reliable dividends?

See GWO dividend history and benchmarks
When do you need to buy GWO by to receive an upcoming dividend?
Great-West Lifeco dividend dates
Ex Dividend DateJun 02 2026
Dividend Pay DateJun 30 2026
Days until Ex dividend13 days
Days until Dividend pay date15 days

Does GWO pay a reliable dividends?

See GWO dividend history and benchmarks

Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2026/06/15 04:02
End of Day Share Price 2026/06/12 00:00
Earnings2026/03/31
Annual Earnings2025/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* Example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

Great-West Lifeco Inc. is covered by 18 analysts. 8 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Taylor ScottBarclays
John AikenBarclays
Tom MacKinnonBMO Capital Markets Equity Research