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Great-West Lifeco (TSE:GWO)
TSX:GWO
Earnings Data
Report Date
Aug 05, 2025TBA Not Confirmed
Period Ending
2025 (Q2)Consensus EPS Forecast
1.19Last Year’s EPS
1.11Same Quarter Last Year
Based on 7 Analysts Ratings
Earnings Call Summary
Earnings Call Date:May 07, 2025
|% Change Since: 1.29%
|Next Earnings Date:Aug 05, 2025
Earnings Call Sentiment|Positive
The earnings call highlighted strong financial performance in terms of base earnings, client asset growth, and positive momentum in the Retirement and Wealth segments. However, challenges such as the impact of the California wildfires, unfavorable mortality experience, and commercial mortgage loan write-downs presented significant obstacles. Despite these issues, the overall performance remained robust, with strategic initiatives and operational strengths providing a positive outlook.Company Guidance
During the Great-West Lifeco First Quarter 2025 Results Conference Call, several key financial metrics and strategic updates were highlighted. The company reported over $1 billion in base earnings for the quarter, reflecting a 5% increase year-over-year. Base earnings per share (EPS) rose by 6% to $1.11, and the base return on equity (ROE) improved by 20 basis points to reach 17.2%. Total client assets grew to over $3 trillion, a 13% increase from the previous year, with $1 trillion in assets and advice solutions or under management. The cash position of Lifeco stood at $2.5 billion, underpinning a robust financial foundation. Additionally, the company experienced double-digit growth in its Retirement and Wealth segments, with Retirement base earnings up 24% year-over-year, supported by a significant margin expansion at Empower, where operating margins improved by nearly 400 basis points to approximately 30%. Despite challenges such as market volatility and seasonally impacted insurance experience, the company's diversified business model and strong capital generation continue to provide resilience and growth opportunities.Record Base Earnings
Great-West Lifeco exceeded $1 billion in base earnings this quarter, marking a 5% increase year-over-year. Base EPS rose 6% to $1.11, and base ROE reached 17.2%, up 20 basis points over the prior year.
Strong Growth in Retirement and Wealth Businesses
The Retirement segment saw base earnings increase 24% year-over-year, supported by margin expansion at Empower, where operating margins rose nearly 400 basis points to roughly 30%. Net flows at Empower also improved, indicating continued momentum in this business.
Significant Increase in Client Assets
Total client assets increased by 13% over the prior year, reaching more than $3 trillion. Of that, $1 trillion represents assets and advice solutions or under management, showcasing the strengths and scale of the retirement and wealth platforms.
Cash and Capital Generation
Lifeco's cash position grew to $2.5 billion, supported by a solid capital base. This provides flexibility to deploy capital confidently in line with strategic priorities.
Empower's Successful Quarter
Empower achieved net inflows of $5.2 billion in the Retirement business driven by new plan wins and strong plan retention. Wealth net flows more than doubled year-over-year to $2.8 billion.
Group Benefits and Insurance & Risk Solutions Performance
Group Benefits base earnings rose by 4% year-over-year, with strong premium growth in Europe. Insurance & Risk Solutions delivered solid results despite the impact of mortality experience.
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
TSE:GWO Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
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% |
Aug 06, 2024 | C$38.76 | C$37.71 | -2.71% |
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 Aug 05, 2025, TBA Not Confirmed.
What is Great-West Lifeco (TSE:GWO) earnings time?
Great-West Lifeco (TSE:GWO) earnings time is at Aug 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 2025 (Q2) is 1.19.