QUOTE AND NEWS
Forbes  Feb 22  Comment 
On 2/26/13, Great-West Lifeco Inc. (Toronto: GWO) will trade ex-dividend, for its quarterly dividend of $0.3075, payable on 3/28/13. As a percentage of GWO's recent stock price of $27.03, this dividend works out to approximately 1.14%, so look for...
Reuters  Feb 19  Comment 
Feb 19 - Fitch Ratings has affirmed the ratings of Great-West Lifeco (TSE:GWO) including the holding company's Issuer Default Rating (IDR) at 'A+' and all outstanding senior debt and hybrid issues,...
Reuters  Feb 19  Comment 
Canadian life insurer Great-West Lifeco Inc said on Tuesday it would buy Irish Life Group Ltd for C$1.75 billion ($1.73 billion).
Forbes  Feb 12  Comment 
Great-West Lifeco Inc. (Toronto: GWO) has been named as a Top 25 dividend stock, according the most recent Canada Stock Channel ''DividendRank'' report. The report noted that among the coverage universe, GWO shares displayed both attractive...
Forbes  Sep 10  Comment 
In trading on Monday, shares of Great-West Lifeco Inc. (Toronto: GWO) crossed above their 200 day moving average of $22.14, changing hands as high as $22.15 per share. Great-West Lifeco Inc. shares are currently trading trading flat on the day....
Forbes  Aug 10  Comment 
In trading on Friday, shares of Great-West Lifeco Inc. (Toronto: GWO) crossed above their 200 day moving average of $22.08, changing hands as high as $22.10 per share. Great-West Lifeco Inc. shares are currently trading down about 0.2% on the day....
Forbes  Jun 29  Comment 
In trading on Friday, shares of Great-West Lifeco Inc. (Toronto: GWO) crossed above their 200 day moving average of $21.93, changing hands as high as $22.05 per share. Great-West Lifeco Inc. shares are currently trading up about 1.9% on the day....
Forbes  Jun 14  Comment 
In trading on Thursday, shares of Great-West Lifeco Inc. (Toronto: GWO-PRH) were yielding above the 5% mark based on its quarterly dividend (annualized to $1.2125), with the stock changing hands as low as $24.24 on the day. Dividends are...
Forbes  Jun 6  Comment 
In trading on Wednesday, shares of Great-West Lifeco Inc. (Toronto: GWO-PRI) were yielding above the 5% mark based on its quarterly dividend (annualized to $1.125), with the stock changing hands as low as $22.39 on the day. Dividends are...
Forbes  Jun 1  Comment 
In trading on Friday, shares of Great-West Lifeco Inc. (Toronto: GWO) were yielding above the 6% mark based on its quarterly dividend (annualized to $1.23), with the stock changing hands as low as $20.36 on the day. Dividends are particularly...





 
TOP CONTRIBUTORS

Great-West Lifeco Inc. is a financial services holding company that operates in the life insurance, health insurance, retirement savings, investment management, and reinsurance industries. The corporation operates in Canada, the US, Europe, and Asia. Additionally, the corporation is mainly operates through The Great-West Life Assurance Company, London Life Insurance Company, The Canada Life Assurance Company, Great-West Life & Annuity Insurance Company, and Putnam Investments, LLC. Great-West Lifeco and its companies have approximately $339 billion in assets, and are part of the Power Financial Corporation group of companies.(ref 5)

Company Overview

Lifeco has operations in Canada, the US, Europe, and Asia through its companies, which include Canada Life and Putnam. These companies offer a broad portfolio of financial services such as life insurance, wealth protection and management, reinsurance, and benefit plan solutions for individuals and businesses.(ref) The companies market their products through brokers, consultants, group representatives, and through other financial institutions.(ref)

On April 1, 2008, Lifeco sold its health care business. The corporation made US$2.25 billion, which was then available for other purposes, such as paying down debt. Net income received from this business is now counted as discontinued operations on Lifeco's balance sheet.

Business and Financial Metrics

Lifeco 2006 2007 2008
Premium Income $17,752 $18,753 $30,007
Operating Income $1,736 $1,908 $761
Net Income $1,927 $2,111 $1,453
Gross Margin 10.9% 11.3% 4.8%
Operating Margin 9.8% 10.2% 2.5%
Increase in Premium Income - 5.6% 60.0%
(ref)

Business Segments

Great-West Lifeco divides its operations into three segments based on both geography and the corporate structure of the companies. These segments are Canada, the United States, and Europe.

Canada

The major brands in the Canadian segment are Great-West Life, London Life, Canada Life, Freedom 55 Financial, and Quadrus. Its main products are life insurance for groups and individuals, retirement savings and income plans for groups and individuals, fund management, comprehensive benefit solutions for businesses, and creditor insurance.(ref 6)

The United States

The major brands in the US segment are Great-West Life & Annuity, First Great-West Life & Annuity, Great-West Retirement Services, FASCore, Advised Assets Group, and Maximum Series Funds. These brands provide employer-sponsored defined contribution plans, administrative services, fund management, variable life insurance and annuities, and business-owned life insurance and executive benefit plans. Additionally, Putnam provides global asset management and investment strategies while PanAgora Asset Management provides active portfolio management and research reports.(ref 6)

Europe

In the European segment, Canda Life offers protection and wealth management services including life insurance, pensions, savings, annuities, and fund management. Additionally, Canada Life Reinsurance and London Reinsurance Group provide reinsurance services for life, property and casualty insurance and annuity companies.(ref 6)

Key Trends and Forces

(See p.11)

Competition

Market Share

Look up "Market Position"




References

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