Report
Brett Horn, CFA
EUR 101.80 For Business Accounts Only

Great-West Lifeco takes a conservative and prudent approach to underwriting and investing.

Nothing in no-moat Great-West’s fourth-quarter results alters our long-term view of the firm. For full-year fiscal 2017 results, adjusted net income available to common shareholders fell just over 1% to CAD 2.6 billion from 2016 results. As a result, Great-West’s overall adjusted ROE for the year came in at 13.4%, above our estimated cost of equity. The company’s actual reported fourth-quarter results had some headwinds, decreasing year over year by 42% from the fourth quarter of 2016 and amount...
Provider
Morningstar
Morningstar

Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. The company offer an extensive line of products and services for individual investors, financial advisors, asset managers, and retirement plan providers and sponsors.

Morningstar provides data on approximately 530,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 18 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries and had approximately $185 billion in assets under advisement and management as of June 30, 2016.

We have operations in 27 countries.

Analysts
Brett Horn, CFA

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