The earnings call reflected a strong financial performance with record base earnings and strategic growth initiatives, particularly in the U.S. Empower segment. However, challenges such as a large plan deconversion and credit-related impacts were noted. Despite these challenges, the overall strategy and execution appear robust.

Company Guidance -

Q3 2025

In the second quarter of 2025, Great-West Lifeco reported strong financial performance with base earnings and base EPS both increasing by 12% year-over-year. Empower, the U.S. Retirement business, was a significant driver, contributing to a 13% rise in base earnings, despite market volatility and large plan deconversions. The company's balance sheet remained robust, supporting a full-year share buyback target increase to $1 billion. Looking ahead, Great-West Lifeco reaffirmed its medium-term financial objectives, aiming for 8% to 10% EPS growth, over 80% capital generation, a return on equity above 19%, and a dividend payout ratio between 45% and 55%. Despite ongoing market challenges, the company emphasized its strategic priorities, including leveraging technology and expanding product offerings to enhance customer experiences, with a continued focus on disciplined capital allocation to drive future growth.

Record Base Earnings and EPS Growth

Great-West Lifeco reported another record quarter of base earnings, with a 12% increase in base EPS year-over-year, driven by strong execution across all business segments.

Strong Performance in Empower

Empower delivered 13% year-over-year growth in base earnings, with plan assets growing 10% to USD 1.7 trillion and participants increasing by 500,000 to 18.5 million.

Successful Capital Management

The company has repurchased $432 million in common shares year-to-date, with plans to increase the buyback target to $1 billion for the full year, reflecting strong capital generation and financial position.

Expansion in Product Offerings

Empower introduced a zero-fee S&P 500 Index Fund and private market investments to its lineup, enhancing its value proposition for clients.

Improved Efficiency Ratio

Lifeco's efficiency ratio improved by 80 basis points year-over-year to 56.7%, with a goal to reduce this ratio below 50% over time.

Great-West Lifeco (TSE:GWO) Earnings, Revenues Date & History

The upcoming earnings date is based on a company’s previous reporting, and may be updated when the actual date is announced

Daily Earnings Calendar >

TSE:GWO Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
Nov 05, 2025	2025 (Q3)	1.20 / -	1.14	―	―	―
Aug 07, 2025	2025 (Q2)	1.17 / 1.24	1.11	11.71% (+0.13)	―	―
May 07, 2025	2025 (Q1)	1.14 / 1.11	1.09	1.83% (+0.02)	―	―
Feb 05, 2025	2024 (Q4)	1.14 / 1.20	1.04	15.38% (+0.16)	―	―
Nov 06, 2024	2024 (Q3)	1.07 / 1.14	1.02	11.76% (+0.12)	―	―
Aug 06, 2024	2024 (Q2)	1.04 / 1.11	0.99	12.12% (+0.12)	―	―
May 01, 2024	2024 (Q1)	1.02 / 1.09	0.87	25.29% (+0.22)	―	―
Feb 14, 2024	2023 (Q4)	1.00 / 1.04	0.957	8.67% (+0.08)	―	―
Nov 08, 2023	2023 (Q3)	0.95 / 1.02	0.738	38.21% (+0.28)	―	―
Aug 08, 2023	2023 (Q2)	0.91 / 0.99	0.893	10.86% (+0.10)	―	―

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

TSE:GWO Earnings-Related Price Changes

Report Date	Price 1 Day Before	Price 1 Day After	Percentage Change
Aug 07, 2025	C$53.00	C$53.28	+0.53%
May 07, 2025	C$50.54	C$51.24	+1.39%
Feb 05, 2025	C$46.38	C$51.19	+10.37%
Nov 06, 2024	C$45.95	C$47.32	+2.98%

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.

FAQ

When does Great-West Lifeco (TSE:GWO) report earnings?

Great-West Lifeco (TSE:GWO) is schdueled to report earning on Nov 05, 2025, TBA (Confirmed).

What is Great-West Lifeco (TSE:GWO) earnings time?

Great-West Lifeco (TSE:GWO) earnings time is at Nov 05, 2025, TBA (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 (Q3) is 1.2.

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