Earnings
June 19, 2021 - CNQ
New! Canadian Natural Resources Ltd, Q1-2021 Earnings, Price Target Update .....
June 17, 2021 - BDT
Bird Construction Inc. Q1-2021 Earnings, Price Target Update .....
June 15, 2021 - ACO.X
Atco Ltd - Q1-2021 Earnings, Price Target .....
June 15, 2021 - TOU
Tourmaline Oil Corp. Q1-2021 Earnings, Price Target Update .....
June 13, 2021 - MRT.UN
Morguard REIT- Q1-2021 Earnings, Price Target Update .....
June 12, 2021 - FSZ
Fiera Capital Corp, Q1-2021 Earnings, Price Target Update .....
June 11, 2021 - DIR.UN
Dream Industrial REIT - Q1-2021 Earnings, Price Target Update .....
June 10, 2021 - D.UN
Dream Office REIT - Q1-2021 Earnings, Price Target Update .....
Recommendation Changes
NTR, CM, RY, BMO, TNT.UN, more...

Great-West Lifeco Inc. - Q1-2021 Earnings, Price Target Update

This is only a sample of the article, please login to view the entire article

Great-West Life(GWO-TSX) is a financial services company with interests in the life insurance, health insurance, retirement savings, investment management and reinsurance businesses in Canada, the United States and Europe. Great-West Life Inc. operates in Canada as Canada Life, Great-West Life & Annuity Insurance Company, in the US as Putnam Investments, Empower Retirement (Colorado) and Irish Life Group Limited and Canada Life in Europe. Brands include Canada Life, Freedom 55 Financial, Irish Life, Empower Retirement, Putnam Investments and PanAgora. Operations are grouped into five segments: Canada, US, Europe, Capital and Risk Solutions and Corporate. Insurance products include life, accidental death and dismemberment, critical illness, health and dental protection, creditor, disability and critical illness insurance. Risk Markets included proprietary investment products, annuities and Capital markets are comprised of investments portfolios holding insurance reserves. Risk products include wealth, savings, income and annuities. Capital markets activities invest insurance reserves to generate income after providing for estimated claims. The products are distributed through a multi-channel network of brokers, advisors, managing general agencies and financial institutions. Approximately 10% of earnings are from the US with the balance split between Canada, Europe and the Capital Markets segments. Total assets are $592.7B including $334B of segregated funds compared to $451.2B and $231M of segregated funds at Dec-31-2019. There is an additional $1T under management for a total of $1.6T in assets as of Dec-31-2020. Approximately 66% of assets are in other than Canadian dollars.

Great-West Life Inc. is a member of the Power Corporation of Canada (POW) group of companies; its direct parent was Power Financial Corporation (PWF) which was merged with Power Corp. in Q4-2020. Power Corp owns 70.9% of Great-West Lifeco effective Mar-31-2021. Effective Apr-2019 Great-West Life, Canada Life and London Life were combined to operate under the Canada Life brand. Great-West Life(GWO) remains the reporting company.

Financial

You must be a member to view the entire article, please subscribe or login


Login
Username
Password
New Issues & Acquisition
June 19, 2021
New! Coverage Universe - Weekly Price Change: June 11-18, 2021
June 11, 2021
Coverage Universe - Weekly Price Change: June 4-11, 2021
June 4, 2021
Coverage Universe - Weekly Price Change: May 28 - June 4, 2021
May 28, 2021
Coverage Universe - Weekly Price Change: May 21-28, 2021
May 23, 2021
Economic Indicator Schedule - May 24-- May 28, 2021
May 21, 2021
Coverage Universe - Weekly Price Change: May 14-21, 2021
May 14, 2021
Coverage Universe - Weekly Price Change: May 7-14, 2021
May 10, 2021
North American Construction Group - 5.5% Convertible Debenture New Issue