Great-West Lifeco Inc T.GWO

Alternate Symbol(s): GWLIF | T.GWO.PR.G | GWLPF | GRWTF | T.GWO.PR.I | T.GWO.PR.L | GRWLF | T.GWO.PR.H | T.GWO.PR.M | T.GWO.PR.N | T.GWO.PR.P | T.GWO.PR.Q | T.GWO.PR.R | T.GWO.PR.S | T.GWO.PR.T | T.GWO.PR.Y

Financial Services Insurance - Diversified

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.

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Great-West Lifeco Inc

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Post by Possibleidiot01on Aug 14, 2024 2:46pm

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Post# 36179028

Chris Blumas - BNN- Top Pick

TOP PICK

For income-oriented investors. Mature market focus in Canada, US, and mature parts of Europe; whereas MFC and SLF are pursuing growth more in EMs. Better on capital allocation, likes growth potential. Trades at less than 10x earnings. Attractive yield of 5.2%.

(Analysts’ price target is $44.20)

insurance

$42.420

Owned

Great-West Lifeco (GWO TSX)

Great-West is a financial services holding company focused on providing insurance, investment management, and retirement services. The company has a mature market focus and operates in Canada, the U.S., and Europe. Great-West generates most of its profits in Canada and Europe and has made series of acquisitions in the U.S. retirement services market over the last few years. Going forward, I think management will do an excellent job generating accretive earnings per share growth and generating strong returns for shareholders. The shares currently trade around 10 times forward earnings and have a dividend yield of 5.3 per cent.