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StockVS

TSX · Insurance - Life · CAD

Great-West Lifeco Inc. (GWO.TO) Stock Analysis

Great-West Lifeco Inc. (GWO.TO) is a Insurance - Life stock listed on TSX and quoted in Canadian Dollar.

GWO.TO

CA$92.59

+CA$1.17 (+1.28%)

Sep 4, 2026 · Market close

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Price History

Hover for the daily close. The dotted line marks the period open.

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GWO.TO Key Statistics

As of Sep 4, 2026
Trading
Open
CA$91.38
Previous Close
CA$91.42
Day's Range
91.34–93.05
52-Week Range
52.51–94.10
Volume
914.00K
BetaHow much the share price moves relative to the wider market. 1.0 moves in line with it; above 1.0 swings more, below 1.0 less.
0.67
Valuation
Market Cap
CA$82.89B
P/E Ratio
19.13
Forward P/EShare price divided by forecast earnings for the year ahead, rather than the year just past.
14.57
PEG RatioThe P/E ratio divided by the expected earnings growth rate. It puts a high P/E in the context of how fast profits are growing.
2.46
P/S ratioMarket value divided by annual revenue. Useful for companies that are not yet profitable, where a P/E cannot be calculated.
2.28
EPS (ttm)Profit attributable to each share over the last twelve months.
4.84
Financials (FY)
Revenue (FY)
CA$39.10B+12.62%
Net Income (FY)
CA$4.12B+1.23%
Profit marginThe share of revenue left as profit after all costs and taxes.
12.72%
Shares OutstandingThe total number of shares held by all investors. Market value is this figure multiplied by the share price.
895.20M
1-Year Return
+74.19%
Dividend and dates
Dividend
CA$2.68+2.93%
Ex-Dividend Date
September 1, 2026
Earnings Date
November 4, 2026
Avg Volume
1.37M

Only metrics the company reports are shown. Data provided by Yahoo Finance via yfinance. Updated daily.

GWO.TO Stock Return by Calendar Year

Calendar-year returns computed from daily closing prices. Partial years are shown muted and marked with an asterisk.

YearReturn
2026 (partial year)+39.39%
2025+48.38%
2024+14.28%
2023+47.70%
2022−12.58%
2021+31.45%
2020−2.64%
2019+24.53%
2018−15.76%
2017+4.08%
2016 (partial year)+13.73%

As of September 4, 2026.

GWO.TO Revenue and Earnings by Fiscal Year

FY ends December
Fiscal yearRevenueNet incomeNet margin
2025CA$39.10BCA$4.12B10.5%
2024CA$34.72BCA$4.07B11.7%
2023CA$36.73BCA$2.87B7.8%
2022−CA$2.69BCA$3.73B−138.4%
Fiscal yearRevenueGross profitOperating incomeNet incomeNet margin
2025CA$39.10B——CA$4.12B10.5%
2024CA$34.72B——CA$4.07B11.7%
2023CA$36.73B——CA$2.87B7.8%
2022−CA$2.69B——CA$3.73B−138.4%

Annual figures as reported, in the company's reporting currency. As of December 31, 2025.

GWO.TO Dividend History

CA$2.44+9.9% vs 2024

Dividends per share, 2025 · 4 payments

YearDividends per sharePaymentsChange
2026*CA$2.013—
2025CA$2.444+9.9%
2024CA$2.224+6.7%
2023CA$2.084+6.1%
YearDividends per sharePaymentsChange
2026 (partial year)CA$2.013—
2025CA$2.444+9.9%
2024CA$2.224+6.7%
2023CA$2.084+6.1%
2022CA$1.964+8.6%
2021CA$1.804+3.0%
2020CA$1.754+6.1%
2019CA$1.654+6.2%
2018CA$1.564+6.0%
2017CA$1.474+324.3%
2016CA$0.351—

Most recent payment: CA$0.67 per share, ex-dividend September 1, 2026. Per-share amounts summed by calendar year from ex-dividend dates. Partial years are shown muted and marked with an asterisk.

GWO.TO Valuation vs Insurance - Life Median

Median of 26 stocks
MetricGWO.TOInsurance - Life medianvs median
P/E19.1311.4068% above
P/S ratio2.281.13101% above
Profit margin12.72%11.35%1.4 pts above

Medians across 26 Insurance - Life stocks that report the metric. Medians, not averages, so one outlier cannot move them. As of September 4, 2026.

Analysis

Data-derived

Company Overview

Great-West Lifeco Inc. (GWO.TO) carries a market capitalisation of CA$82.89B. The company sits in the Financial Services sector, in the Insurance - Life industry. The company reports 33,430 employees.

The 52-week range on file runs from CA$52.51 to CA$94.10. GWO.TO last closed at CA$92.59 on September 4, 2026. That is +CA$1.17 (+1.28%) against the previous close. The latest close sits 76.33% above that 52-week low.

Financial Health

In fiscal 2025, Great-West Lifeco Inc. reported revenue of CA$39.10B. Against the prior fiscal year total of CA$34.72B, that is a change of +12.62%. Net income for the same year was CA$4.12B. That is +1.23% against the prior fiscal year. Profit margin runs at 12.72%. That is 1.4 percentage points above the Insurance - Life median of 11.35%. Earnings per share on a trailing basis come to 4.84.

Across the 4 fiscal years on file, revenue moves from −CA$2.69B in 2022 to CA$39.10B in 2025. Of those 4 years, 4 report positive net income.

Valuation Assessment

On trailing earnings, the shares are priced at 19.13 times earnings. That is 67.81% above the Insurance - Life median of 11.4. The forward P/E on file is 14.57. The PEG ratio, which sets the P/E against expected earnings growth, reads 2.46. Measured against sales, the shares trade at 2.28 times revenue. On price-to-sales that is 100.79% above the Insurance - Life median of 1.13. 26 Insurance - Life companies report these metrics, and the medians quoted come from that group.

The reported beta is 0.67. Daily returns over the trailing 10 years annualize to a volatility of 20.68%. The trailing one-year price return is +74.19%. Measured over 10 years, that is +17.02% a year compounded.

Growth & Income

The trailing dividend yield is 2.93%. That is 0.3 percentage points above the Insurance - Life median yield of 2.68%. The indicated annual rate is CA$2.68 a share. The ex-dividend date on file is September 1, 2026. Dividends are recorded for 11 calendar years; 2026 shows 3 payments totalling CA$2.01 a share. The year before, 2025, totalled CA$2.44 a share.

Across the complete calendar years on file, 2025 returned +48.38% and 2018 returned −15.76%. Of the 9 complete calendar years on file, 6 finished higher. So far in 2026 the price is +39.39%.

Peer Comparison

Great-West Lifeco Inc. (GWO.TO) operates in the Insurance - Life industry. Here is how it compares to its closest peers by market capitalization:

Company Ticker Market Cap P/E Ratio
Great-West Lifeco Inc. GWO.TO CA$82.89B 19.1
Manulife Financial Corporation MFC CA$73.57B 16.8
MetLife, Inc. MET CA$62.04B 19.0
Power Corporation of Canada POW.TO CA$59.81B 23.5

The Insurance - Life industry average P/E ratio is 11.4x. Great-West Lifeco Inc. trades at a P/E of 19.1.

Every figure above is read from this page's own data on each nightly rebuild. Informational only, not financial advice. As of September 4, 2026.

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About Great-West Lifeco Inc.

Great-West Lifeco Inc. engages in the life and health insurance, retirement savings, wealth and asset management, and reinsurance businesses in Canada, the United States, and Europe. The company offers life, accidental death and dismemberment, critical illness, disability, health and dental protection, and creditor insurance products; and retirement savings, income and annuity products, and other specialty products to individuals, families, businesses, and organizations. It also provides individual product solutions and employer-sponsored retirement savings plans that offers saving, investment, and advisory services; retail wealth management products and services to individuals, including individual retirement accounts and after-tax investment accounts; and wealth management, including payout annuity, equity release mortgages, pensions, and investments products. In addition, the company offers bulk and individual payout annuities, equity release mortgages, life bonds, retirement drawdown and pension, and group insurance products; savings and investments; and provides asset management services, such as pension schemes, insurance companies, wealth managers, fiduciary managers, and sovereign wealth funds, as well as manages assets for third-party institutional clients. Further, it provides life, annuity/longevity, mortgage surety, and property catastrophe reinsurance products. The company offers its products under the Empower, Canada Life, and Irish Life brand names. It distributes its products through a network of sales force, brokers, consultants, advisors, third-party administrators, financial institutions, employee benefit consultants, and multi-tied agents. The company was founded in 1979 and is based in Winnipeg, Canada. Great-West Lifeco Inc. is a subsidiary of Power Financial Corporation.

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