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Great-West Lifeco (TSE:GWO)
TSX:GWO
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Earnings Data
Report Date
Feb 05, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
1.13Last Year’s EPS
1.04Same Quarter Last Year
Based on 5 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Oct 31, 2018
|% Change Since: -2.23%
|Next Earnings Date:Aug 01, 2018
Earnings Call Sentiment|Positive
The earnings call highlighted robust growth across multiple segments, with record base earnings and strong performance in the U.S. market through Empower. However, challenges such as unfavorable group mortality experience in Europe and net participant outflows in the U.S. retirement market were noted. Despite these challenges, the overall sentiment remains positive due to strong earnings growth and strategic initiatives driving future growth.Company Guidance
In the third quarter 2024 earnings call for Great-West Lifeco (GWO.TO), the company provided a comprehensive overview of its financial performance and guidance, highlighting several key metrics. Lifeco achieved record base earnings for the fifth consecutive quarter, reaching over $1 billion, a 12% increase from the previous year. The base EPS rose to $1.14, up 14% year-to-date, while the base ROE climbed to 17.3%, nearly a full percentage point higher than the previous year. The Wealth & Retirement segment, particularly in the U.S., drove growth with a 35% increase in base earnings. Lifeco's regulatory capital position strengthened, with a LICAT ratio of 134%, up 4 points from the prior quarter. The company also noted that Empower, its U.S. retirement services business, delivered double-digit growth, contributing significantly to overall performance. Despite the recent hurricanes in the U.S., Lifeco did not foresee a material impact on its Reinsurance business. The company's strategic moves, like the acquisition of Plan Management Corporation, were highlighted as steps to bolster market positions and drive future growth, supporting the guidance of meeting or exceeding medium-term financial objectives.Record Base Earnings
Lifeco delivered record base earnings for the fifth consecutive quarter, with base earnings of over $1 billion and base EPS of $1.14, both increasing by 12%. Base ROE increased to 17.3%, up nearly a full percentage point from the prior year.
Empower's Strong Growth
Empower, the U.S. segment, achieved strong base earnings growth of 35% and an increase in ROE by nearly 300 basis points over the past year. The average AUA was up 16% over the last year.
Wealth & Retirement Momentum
The U.S. Wealth & Retirement business showed strong growth. Empower acquired Plan Management Corporation, expanding its offerings. The market growth and strategic acquisitions led to improved net flows and significant AUA growth.
Capital & Risk Solutions Growth
Run rate reinsurance earnings were up slightly over last year. The segment saw a 32% year-over-year increase in CSM due to favorable assumption changes.
Europe Segment Performance
Average AUA in Europe was up 21% year-over-year. The region showed strong sales and organic growth with book premiums up 11% year-over-year.
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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 |
|---|---|---|---|
| Nov 06, 2024 | C$47.03 | C$48.43 | +2.98% |
| Aug 06, 2024 | C$39.67 | C$38.60 | -2.70% |
| May 01, 2024 | C$39.28 | C$40.20 | +2.34% |
| Feb 14, 2024 | C$39.52 | C$39.42 | -0.25% |
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 Feb 05, 2025, TBA Not Confirmed.
What is Great-West Lifeco (TSE:GWO) earnings time?
Great-West Lifeco (TSE:GWO) earnings time is at Feb 05, 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 2024 (Q4) is 1.13.
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