Great-West Lifeco Full Year 2024 Earnings: Revenues Disappoint

Great-West Lifeco (TSE:GWO) Full Year 2024 Results

Key Financial Results

• Revenue: CA$30.9b (down 1.0% from FY 2023).
• Net income: CA$4.01b (up 40% from FY 2023).
• Profit margin: 13% (up from 9.2% in FY 2023).
• EPS: CA$4.31 (up from CA$3.07 in FY 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 15% p.a. on average during the next 3 years, compared to a 7.4% growth forecast for the Insurance industry in Canada.

Performance of the Canadian Insurance industry.

The company's shares are up 12% from a week ago.

Balance Sheet Analysis

While it's very important to consider the profit and loss statement, you can also learn a lot about a company by looking at its balance sheet. See our latest analysis on Great-West Lifeco's balance sheet health.

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