Stock Analysis
Great-West Lifeco First Quarter 2024 Earnings: EPS: CA$1.11 (vs CA$0.66 in 1Q 2023)
Great-West Lifeco (TSE:GWO) First Quarter 2024 Results
Key Financial Results
- Revenue: CA$7.68b (up 2.7% from 1Q 2023).
- Net income: CA$1.03b (up 68% from 1Q 2023).
- Profit margin: 13% (up from 8.2% in 1Q 2023). The increase in margin was primarily driven by lower expenses.
- EPS: CA$1.11 (up from CA$0.66 in 1Q 2023).
All figures shown in the chart above are for the trailing 12 month (TTM) period
Great-West Lifeco Earnings Insights
Looking ahead, revenue is forecast to grow 9.7% p.a. on average during the next 3 years, compared to a 7.8% growth forecast for the Insurance industry in Canada.
Performance of the Canadian Insurance industry.
The company's shares are up 3.8% from a week ago.
Balance Sheet Analysis
While earnings are important, another area to consider is the balance sheet. See our latest analysis on Great-West Lifeco's balance sheet health.
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About TSX:GWO
Great-West Lifeco
Engages in the life and health insurance, retirement and investment services, asset management, and reinsurance businesses in Canada, the United States, and Europe.
Undervalued established dividend payer.