Great-West Lifeco Future Growth

Future criteria checks 2/6

Great-West Lifeco is forecast to grow earnings and revenue by 5.2% and 10.4% per annum respectively. EPS is expected to grow by 6.4% per annum. Return on equity is forecast to be 17% in 3 years.

Key information

5.2%

Earnings growth rate

6.4%

EPS growth rate

Insurance earnings growth	5.2%
Revenue growth rate	10.4%
Future return on equity	17.0%
Analyst coverage	Good
Last updated	08 Nov 2024

Recent future growth updates

Recent updates

Why Investors Shouldn't Be Surprised By Great-West Lifeco Inc.'s (TSE:GWO) Low P/E

Oct 17

Market Cool On Great-West Lifeco Inc.'s (TSE:GWO) Earnings

Jun 30

Investors Aren't Entirely Convinced By Great-West Lifeco Inc.'s (TSE:GWO) Earnings

Mar 30

Great-West Lifeco (TSE:GWO) Has Announced That It Will Be Increasing Its Dividend To CA$0.555

Feb 21

Earnings and Revenue Growth Forecasts

TSX:GWO - Analysts future estimates and past financials data (CAD Millions)
Date	Revenue	Earnings	Free Cash Flow	Cash from Op	Avg. No. Analysts
12/31/2026	72,272	4,416	N/A	11,025	1
12/31/2025	69,896	4,229	N/A	10,527	1
12/31/2024	67,688	3,903	N/A	9,445	1
9/30/2024	33,309	3,638	4,842	4,842	N/A
6/30/2024	33,036	3,715	3,806	3,806	N/A
3/31/2024	32,172	3,279	5,106	5,106	N/A
12/31/2023	31,243	2,862	4,828	4,828	N/A
9/30/2023	28,468	2,597	1,078	1,078	N/A
6/30/2023	28,960	2,647	2,718	2,718	N/A
3/31/2023	29,474	2,908	2,307	2,307	N/A
12/31/2022	30,393	3,628	3,772	3,772	N/A
9/30/2022	40,870	3,915	7,260	7,260	N/A
6/30/2022	50,596	3,801	11,382	11,382	N/A
3/31/2022	61,203	3,755	10,020	10,020	N/A
12/31/2021	64,447	3,128	10,373	10,373	N/A
9/30/2021	63,263	3,275	10,440	10,440	N/A
6/30/2021	59,576	3,229	9,077	9,077	N/A
3/31/2021	61,305	3,308	9,473	9,473	N/A
12/31/2020	60,673	2,943	9,610	9,610	N/A
9/30/2020	54,387	2,544	9,005	9,005	N/A
6/30/2020	55,020	2,448	5,950	5,950	N/A
3/31/2020	38,101	2,044	7,231	7,231	N/A
12/31/2019	44,711	2,359	6,110	6,110	N/A
9/30/2019	45,723	2,556	6,384	6,384	N/A
6/30/2019	43,380	2,515	7,724	7,724	N/A
3/31/2019	51,260	2,887	6,144	6,144	N/A
12/31/2018	44,003	2,961	6,494	6,494	N/A
9/30/2018	45,255	2,643	7,216	7,216	N/A
6/30/2018	43,449	2,535	N/A	6,306	N/A
3/31/2018	43,849	2,289	N/A	6,439	N/A
12/31/2017	47,124	2,149	N/A	6,757	N/A
9/30/2017	42,033	2,433	N/A	5,859	N/A
6/30/2017	45,215	2,526	N/A	5,880	N/A
3/31/2017	46,967	2,612	N/A	6,365	N/A
12/31/2016	46,416	2,641	N/A	6,254	N/A
9/30/2016	46,911	2,648	N/A	5,928	N/A
6/30/2016	42,100	2,694	N/A	5,770	N/A
3/31/2016	33,501	2,682	N/A	5,397	N/A
12/31/2015	33,820	2,762	N/A	5,123	N/A
9/30/2015	36,239	2,736	N/A	4,772	N/A
6/30/2015	36,097	2,703	N/A	5,285	N/A
3/31/2015	41,940	2,659	N/A	5,262	N/A
12/31/2014	39,198	2,546	N/A	5,443	N/A
9/30/2014	36,490	2,606	N/A	6,089	N/A
6/30/2014	35,242	2,442	N/A	5,568	N/A
3/31/2014	28,795	2,348	N/A	5,734	N/A
12/31/2013	26,410	2,278	N/A	5,026	N/A

Analyst Future Growth Forecasts

Earnings vs Savings Rate: GWO's forecast earnings growth (5.2% per year) is above the savings rate (2.3%).

Earnings vs Market: GWO's earnings (5.2% per year) are forecast to grow slower than the Canadian market (16.4% per year).

High Growth Earnings: GWO's earnings are forecast to grow, but not significantly.

Revenue vs Market: GWO's revenue (10.4% per year) is forecast to grow faster than the Canadian market (7.1% per year).

High Growth Revenue: GWO's revenue (10.4% per year) is forecast to grow slower than 20% per year.

Earnings per Share Growth Forecasts

Future Return on Equity

Future ROE: GWO's Return on Equity is forecast to be low in 3 years time (17%).

Great-West Lifeco Future Growth

Future criteria checks 2/6

Key information

Recent future growth updates

Price target increased by 7.1% to CA$37.40

Recent updates

Third quarter dividend of CA$0.56 announced

Third quarter 2024 earnings released: EPS: CA$0.92 (vs CA$1.01 in 3Q 2023)

Great-West Lifeco Inc. Approves Quarterly Dividend, Payable on December 31, 2024

Why Investors Shouldn't Be Surprised By Great-West Lifeco Inc.'s (TSE:GWO) Low P/E

Upcoming dividend of CA$0.56 per share

Second quarter dividend of CA$0.56 announced

Second quarter 2024 earnings released: EPS: CA$1.08 (vs CA$0.61 in 2Q 2023)

Market Cool On Great-West Lifeco Inc.'s (TSE:GWO) Earnings

Great-West Lifeco Inc. Appoints Shubha Khan as SVP, Head of Investor Relations, Effective June 3

Upcoming dividend of CA$0.56 per share

First quarter dividend of CA$0.56 announced

Great-West Lifeco Inc. Approves Board Election

First quarter 2024 earnings released: EPS: CA$1.11 (vs CA$0.66 in 1Q 2023)

Investors Aren't Entirely Convinced By Great-West Lifeco Inc.'s (TSE:GWO) Earnings

Executive VP & General Counsel exercised options and sold CA$1.5m worth of stock

Great-West Lifeco (TSE:GWO) Has Announced That It Will Be Increasing Its Dividend To CA$0.555

Upcoming dividend of CA$0.56 per share

Full year 2023 earnings: EPS and revenues miss analyst expectations

Great-West Lifeco Inc. Approves Quarterly Dividend on Common Shares, Payable March 28, 2024

Great-West Lifeco Inc., Annual General Meeting, May 02, 2024

Great-West Lifeco Inc. Announces Management Changes

Great-West Lifeco Inc. to Report Q2, 2024 Results on Aug 06, 2024

Great-West Lifeco Inc. to Report Q4, 2023 Results on Feb 14, 2024

Great-West Lifeco Inc. (TSE:GWO) Not Lagging Market On Growth Or Pricing

President exercised options and sold CA$1.1m worth of stock

Upcoming dividend of CA$0.52 per share at 4.8% yield

New minor risk - Profit margin trend

Third quarter 2023 earnings released: EPS: CA$1.00 (vs CA$0.74 in 3Q 2022)

Great-West Lifeco Inc. Approves Quarterly Dividend, Payable December 29, 2023

President & CEO of Empower Retirement exercised options and sold CA$1.7m worth of stock

Upcoming dividend of CA$0.52 per share at 5.5% yield

Great-West Lifeco Inc. Approves Quarterly Dividend, Payable September 29, 2023

Second quarter 2023 earnings released: EPS: CA$0.61 (vs CA$0.79 in 2Q 2022)

Abu Dhabi Developmental Holding Company PJSC and Bank of Montreal entered into definitive agreements to acquire an unknown minority stake in Sagard and Great-West Lifeco Inc. has agreed to increase its existing minority stake.

President & Group Head of Strategy exercised options and sold CA$331k worth of stock

Franklin Resources, Inc. (NYSE:BEN) entered into a definitive agreement to acquire Putnam LLC from Great-West Lifeco Inc. (TSX:GWO) for $1.3 billion.

Upcoming dividend of CA$0.52 per share at 5.3% yield

Great-West Lifeco Inc. Announces Chief Financial Officer Succession Plan

Great-West Lifeco Inc. Elects Dhvani D. Shah as Director

First quarter 2023 earnings released: EPS: CA$0.64 (vs CA$0.83 in 1Q 2022)

Great-West Lifeco Inc. Approves Quarterly Dividend, Payable on June 30, 2023

Upcoming dividend of CA$0.52 per share at 5.7% yield

President & COO for Canada exercised options and sold CA$404k worth of stock

Great-West Lifeco Inc., Annual General Meeting, May 10, 2023

Great-West Lifeco's (TSE:GWO) Upcoming Dividend Will Be Larger Than Last Year's

Price target increased by 7.1% to CA$37.40

Full year 2022 earnings: EPS exceeds analyst expectations while revenues lag behind

Great-West Lifeco Inc. Approves Quarterly Dividend, Payable on March 31, 2023

Great-West Lifeco Inc. Announces Executive Changes Effective February 13, 2023

Great-West Lifeco Inc. to Report Q2, 2023 Results on Aug 08, 2023

Upcoming dividend of CA$0.49 per share

Great-West Lifeco's (TSE:GWO) Dividend Will Be CA$0.49

Third quarter 2022 earnings released: EPS: CA$0.74 (vs CA$0.94 in 3Q 2021)

Great-West Lifeco Inc. Approves Quarterly Dividend, Payable on December 30, 2022

Upcoming dividend of CA$0.49 per share

Great-West Lifeco Inc. Approves Quarterly Dividend, Payable on September 29, 2022

Second quarter 2022 earnings released: EPS: CA$0.79 (vs CA$0.84 in 2Q 2021)

Upcoming dividend of CA$0.49 per share

Director recently bought CA$195k worth of stock

First quarter 2022 earnings: EPS and revenues miss analyst expectations

Great-West Lifeco Inc. announced that it has received $112.007344 million in funding

Should You Be Adding Great-West Lifeco (TSE:GWO) To Your Watchlist Today?

Upcoming dividend of CA$0.49 per share

President exercised options and sold CA$1.1m worth of stock

Great-West Lifeco Inc., Annual General Meeting, May 05, 2022

Earnings and Revenue Growth Forecasts

Analyst Future Growth Forecasts

Earnings per Share Growth Forecasts

Future Return on Equity

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