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Great-West Lifeco (TSE:GWO)
TSX:GWO
Earnings Data
Report Date
May 07, 2025TBA Not Confirmed
Period Ending
2025 (Q1)Consensus EPS Forecast
1.16Last Year’s EPS
1.09Same Quarter Last Year
Moderate Buy
Based on 9 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Feb 05, 2025
|% Change Since: 13.17%
|Next Earnings Date:May 07, 2025
Earnings Call Sentiment|Positive
The earnings call presented a strong performance across most segments, particularly with record earnings and growth in Empower and European markets. However, challenges remain with net outflows in Empower Workplace and impacts from California wildfires. The company's strong capital position and strategic initiatives such as the dividend increase and share repurchase highlight its resilience and potential for continued growth.Company Guidance
During the Great-West Lifeco Fourth Quarter 2024 Results Conference Call, the company reported record base earnings of $1.1 billion and base EPS of $1.20, both reflecting a 15% increase over the prior year. Base ROE rose to 17.5%, nearly a full percentage point higher than the previous year, while the book value per share saw a 12% increase. The U.S. segment, Empower, was highlighted for its exceptional performance, with base earnings growing by 36% and base ROE improving by over 400 basis points. The company's capital position remains strong with a LICAT ratio of 130%, despite a 4-point decrease from the previous quarter. Additionally, they announced a 10% increase in the quarterly dividend to $0.61 per share and a planned $500 million share repurchase under the existing NCIB. The company also noted favorable contributions from equity markets, foreign currency impacts, and strategic acquisitions, which have bolstered its financial results.Record Performance Across Segments
Great-West Lifeco delivered record base earnings for the sixth consecutive quarter, with a year-over-year increase of 15% to $1.1 billion. Base EPS also increased by 15% to $1.20.
Empower Segment Growth
Empower in the U.S. reported a record quarter with base earnings growth of 36% and base ROE increasing by over 400 basis points in the past 12 months.
Dividend Increase and Share Repurchase
The Board approved a 10% dividend increase to $0.61 per common share and announced the intention to repurchase an additional $500 million worth of shares under the existing NCIB.
Strong Capital Position
LICAT ratio remained strong at 130%, and the leverage ratio decreased by 2 points year-over-year to 29%.
Growth in Personal Wealth
Empower Personal Wealth reported a 30% increase in average AUA compared to last year, with net flows accounting for 12% asset growth, demonstrating strong platform strength.
European Market Success
European businesses delivered record performance with average AUA growth of 23% year-over-year and strong net flows in the wealth and retirement segments.
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TSE:GWO Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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TSE:GWO Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Feb 05, 2025 | C$46.93 | C$51.80 | +10.38% |
| Nov 06, 2024 | C$46.49 | C$47.88 | +2.99% |
| Aug 06, 2024 | C$39.22 | C$38.16 | -2.70% |
| May 01, 2024 | C$38.83 | C$39.75 | +2.37% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Great-West Lifeco (TSE:GWO) report earnings?
Great-West Lifeco (TSE:GWO) is schdueled to report earning on May 07, 2025, TBA Not Confirmed.
What is Great-West Lifeco (TSE:GWO) earnings time?
Great-West Lifeco (TSE:GWO) earnings time is at May 07, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is TSE:GWO EPS forecast?
TSE:GWO EPS forecast for the fiscal quarter 2025 (Q1) is 1.16.
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