reports
- Komal Rizvi
- Marcos Alvarez
Canadian Life Insurance: Stable 2023 Outlook Despite Elevated Inflatio...
DBRS Morningstar released a commentary discussing our outlook for the Canadian life insurance industry in 2023. Key highlights include the following: -- Despite continued market uncertainty, the outlook for Canadian life insurers is stable, reflecting their strong fundamentals, diversified businesses, and high levels of capital. High current ratings and previous upgrades make rating movements less likely, particularly on the upside. -- Premium growth and net sales of managed funds may be lim...
- Elisabeth Rudman
- Marcos Alvarez
GWO_ps GREAT WEST LIFECO- PFD
GWO.PR.H GREAT-WEST LIFECO PFD. SERIES H
IGM CANADA LIFE CAPITAL TRUST
1883Z CANADA LIFE ASSURANCE COMPANY
GWO.PR.F THE
GWO.PR.G GREAT-WEST LIFECO INC. 5.9% 1ST PFD. SERIES F
GWO.PR.I GREAT-WEST LIFECO INC. 5.2% PFD.
GWO.PR.L GREAT-WEST LIFECO
GWO.PR.M GREAT-WEST LIFECO INC. 5.65% 1ST PFD.
GWO.PR.N GREAT-WEST LIFECO INC. 5.8% 1ST PFD.
GWO_pp GREAT-WEST LIFECO INC. PFD. N
GWO.P.Q GREAT-WEST LIFECO INC PFD.
GWO_pr IGM FINANCIAL INC.
GWLIF GREAT WEST LIFECO SERIES T
- Marcos Alvarez
- Michael Driscoll
Great-West Lifeco Inc.: Rating Report
On November 9, 2022, DBRS Ratings GmbH (DBRS Morningstar) confirmed all ratings of Great-West Lifeco Inc. and its related entities, including Great-West’s Issuer Rating at A (high) and The Canada Life Assurance Company’s Financial Strength Rating at AA. The trend on all ratings is Stable.
GWO_ps GREAT WEST LIFECO- PFD
GWO.PR.H GREAT-WEST LIFECO PFD. SERIES H
1883Z CANADA LIFE CAPITAL TRUST
GWO.PR.F CANADA LIFE ASSURANCE COMPANY
GWO.PR.G THE
GWO.PR.I GREAT-WEST LIFECO INC. 5.9% 1ST PFD. SERIES F
GWO.PR.L GREAT-WEST LIFECO INC. 5.2% PFD.
GWO.PR.M GREAT-WEST LIFECO
GWO.PR.N GREAT-WEST LIFECO INC. 5.65% 1ST PFD.
GWO_pp GREAT-WEST LIFECO INC. 5.8% 1ST PFD.
GWO.P.Q GREAT-WEST LIFECO INC. PFD. N
GWO_pr GREAT-WEST LIFECO INC PFD.
GWLIF GREAT WEST LIFECO SERIES T
- Marcos Alvarez
- Michael Driscoll
GWO_ps GREAT WEST LIFECO- PFD
GWO.PR.H GREAT-WEST LIFECO PFD. SERIES H
1883Z CANADA LIFE CAPITAL TRUST
GWO.PR.F CANADA LIFE ASSURANCE COMPANY
GWO.PR.G THE
GWO.PR.I GREAT-WEST LIFECO INC. 5.9% 1ST PFD. SERIES F
GWO.PR.L GREAT-WEST LIFECO INC. 5.2% PFD.
GWO.PR.M GREAT-WEST LIFECO
GWO.PR.N GREAT-WEST LIFECO INC. 5.65% 1ST PFD.
GWO_pp GREAT-WEST LIFECO INC. 5.8% 1ST PFD.
GWO.P.Q GREAT-WEST LIFECO INC. PFD. N
GWO_pr GREAT-WEST LIFECO INC PFD.
GWLIF GREAT WEST LIFECO SERIES T
- Marcos Alvarez
- Nadja Dreff
Great-West Lifeco's Q3 2022 Profitability Affected by Reinsurance Cata...
Great-West Lifeco Inc. reported Q3 2022 base and net earnings of $688 million, a 21% decline compared with the same quarter a year ago. Return on equity (as calculated by DBRS Morningstar) decreased to 11.7%, which is still good in our view considering the challenging macroeconomic environment. Both base and net earnings were negatively affected by a $128 million (after-tax) provision for estimated claims resulting from the impact of Hurricane Ian.
GWO_ps GREAT WEST LIFECO- PFD
GWO.PR.H GREAT-WEST LIFECO PFD. SERIES H
1883Z CANADA LIFE ASSURANCE COMPANY
GWO.PR.F THE
GWO.PR.G GREAT-WEST LIFECO INC. 5.9% 1ST PFD. SERIES F
GWO.PR.I GREAT-WEST LIFECO INC. 5.2% PFD.
GWO.PR.L GREAT-WEST LIFECO
GWO.PR.M GREAT-WEST LIFECO INC. 5.65% 1ST PFD.
GWO.PR.N GREAT-WEST LIFECO INC. 5.8% 1ST PFD.
GWO_pp GREAT-WEST LIFECO INC. PFD. N
GWO.P.Q GREAT-WEST LIFECO INC PFD.
GWO_pr GREAT WEST LIFECO SERIES T
- Marcos Alvarez
- Nadja Dreff
Great-West Lifeco's Q2 2022 Earnings Remain Resilient Despite Macroeco...
Great-West Lifeco Inc. (Great-West) reported Q2 2022 base earnings of $830 million, mostly unchanged from the same quarter a year ago. Despite a volatile economic environment, Great- West managed to produce resilient results during the quarter thanks to its diversified product portfolio, including an increasing footprint in the U.S. retirement services business. Base earnings in H1 2022 remained almost 5% higher compared with H1 2021.
GWO_ps GREAT WEST LIFECO- PFD
GWO.PR.H GREAT-WEST LIFECO PFD. SERIES H
1883Z CANADA LIFE ASSURANCE COMPANY
GWO.PR.F THE
GWO.PR.G GREAT-WEST LIFECO INC. 5.9% 1ST PFD. SERIES F
GWO.PR.I GREAT-WEST LIFECO INC. 5.2% PFD.
GWO.PR.L GREAT-WEST LIFECO
GWO.PR.M GREAT-WEST LIFECO INC. 5.65% 1ST PFD.
GWO.PR.N GREAT-WEST LIFECO INC. 5.8% 1ST PFD.
GWO_pp GREAT-WEST LIFECO INC. PFD. N
GWO.P.Q GREAT-WEST LIFECO INC PFD.
GWO_pr GREAT WEST LIFECO SERIES T
- Marcos Alvarez
- Michael Driscoll
GWO GREAT-WEST LIFECO INC.
GWO_ps GREAT WEST LIFECO- PFD
GWO.PR.H GREAT-WEST LIFECO PFD. SERIES H
MFC_pl MANULIFE FINANCIAL CORP
IGM CANADA LIFE CAPITAL TRUST
1883Z CANADA LIFE ASSURANCE COMPANY
GWO.PR.F THE
GWO.PR.G GREAT-WEST LIFECO INC. 5.9% 1ST PFD. SERIES F
GWO.PR.I GREAT-WEST LIFECO INC. 5.2% PFD.
GWO.PR.L GREAT-WEST LIFECO
GWO.PR.M GREAT-WEST LIFECO INC. 5.65% 1ST PFD.
GWO.PR.N GREAT-WEST LIFECO INC. 5.8% 1ST PFD.
GWO_pp GREAT-WEST LIFECO INC. PFD. N
GWO.P.Q GREAT-WEST LIFECO INC PFD.
GWO_pr MANULIFE FINANCIAL CL A PFD. SERIES 2
GWLIF MANULIFE FINANCIAL 4.5% PFD. CL A SERIES 3
MFC.PR.B MANULIFE FINANCIAL PRF P PFD.
MFC.PR.C MANULIFE FINANCIAL CORP. CL 1 SERIES 3 PFD F
MFC.PR.P MANULIFE FINANCIAL CORP PFD.
MFC.PR.F MANULIFE FI PR N PFD.
MFC_ph MANULIFE FIN PR O PFD.
MFC_pi MANUFACTURERS LIFE INSURANCE COMPANY
MFC_pj THE
MFC_pk IGM FINANCIAL INC.
MFC_pn MANULIFE BANK OF CANADA
MFC.PR.O GREAT WEST LIFECO SERIES T
- Marcos Alvarez
- Michael Driscoll
GWO_ps GREAT WEST LIFECO- PFD
GWO.PR.H GREAT-WEST LIFECO PFD. SERIES H
1883Z CANADA LIFE CAPITAL TRUST
GWO.PR.F CANADA LIFE ASSURANCE COMPANY
GWO.PR.G THE
GWO.PR.I GREAT-WEST LIFECO INC. 5.9% 1ST PFD. SERIES F
GWO.PR.L GREAT-WEST LIFECO INC. 5.2% PFD.
GWO.PR.M GREAT-WEST LIFECO
GWO.PR.N GREAT-WEST LIFECO INC. 5.65% 1ST PFD.
GWO_pp GREAT-WEST LIFECO INC. 5.8% 1ST PFD.
GWO.P.Q GREAT-WEST LIFECO INC. PFD. N
GWO_pr GREAT-WEST LIFECO INC PFD.
GWLIF GREAT WEST LIFECO SERIES T
- Marcos Alvarez
- Nadja Dreff
Great-West Lifeco's Improvement in Q3 2021 Earnings Driven by Strong R...
On a non-IFRS basis, Great-West Lifeco Inc.'s base earnings climbed 28% to $870 million in Q3 2021 from a year ago primarily on additional revenues related to the acquisition of MassMutual's U.S. retirement business but also helped by strong performance in the Canadian and European businesses.
GWO_ps GREAT WEST LIFECO- PFD
GWO.PR.H GREAT-WEST LIFECO PFD. SERIES H
1883Z CANADA LIFE ASSURANCE COMPANY
GWO.PR.F THE
GWO.PR.G GREAT-WEST LIFECO INC. 5.9% 1ST PFD. SERIES F
GWO.PR.I GREAT-WEST LIFECO INC. 5.2% PFD.
GWO.PR.L GREAT-WEST LIFECO
GWO.PR.M GREAT-WEST LIFECO INC. 5.65% 1ST PFD.
GWO.PR.N GREAT-WEST LIFECO INC. 5.8% 1ST PFD.
GWO_pp GREAT-WEST LIFECO INC. PFD. N
GWO.P.Q GREAT-WEST LIFECO INC PFD.
GWO_pr GREAT WEST LIFECO SERIES T
- Marcos Alvarez
- Victor Adesanya
Great-West Lifeco's Solid Q2 2021 Results Reflect Continued Expansion ...
Great-West Lifeco Inc.'s (Great-West or the Company) base earnings in Q2 2021 increased 17% to $826 million compared with the same quarter last year, mostly driven by improvements in the United States, as other operating segments (Canada, Europe, and Capital and Risk Solutions) remained relatively flat. The U.S. segment benefitted from Empower Retirement's (Empower) acquisition of MassMutual's retirement business at the end of 2020.
GWO_ps GREAT WEST LIFECO- PFD
GWO.PR.H GREAT-WEST LIFECO PFD. SERIES H
1883Z CANADA LIFE ASSURANCE COMPANY
GWO.PR.F THE
GWO.PR.G GREAT-WEST LIFECO INC. 5.9% 1ST PFD. SERIES F
GWO.PR.I GREAT-WEST LIFECO INC. 5.2% PFD.
GWO.PR.L GREAT-WEST LIFECO
GWO.PR.M GREAT-WEST LIFECO INC. 5.65% 1ST PFD.
GWO.PR.N GREAT-WEST LIFECO INC. 5.8% 1ST PFD.
GWO_pp GREAT-WEST LIFECO INC. PFD. N
GWO.P.Q GREAT-WEST LIFECO INC PFD.
GWO_pr GREAT WEST LIFECO SERIES T
- Marcos Alvarez
- Michael Driscoll
DBRS Morningstar Confirms Great-West Lifeco Inc.’s Issuer Rating at A ...
Please refer to PDF document for more detail about our research: DBRS Morningstar Confirms Great-West Lifeco Inc.’s Issuer Rating at A (high), Stable Trend, Following Prudential Financial, Inc.’s Retirement Business Acquisition Announcement
GWO_ps GREAT WEST LIFECO- PFD
GWO.PR.H GREAT-WEST LIFECO PFD. SERIES H
1883Z CANADA LIFE CAPITAL TRUST
GWO.PR.F CANADA LIFE ASSURANCE COMPANY
GWO.PR.G THE
GWO.PR.I GREAT-WEST LIFECO INC. 5.9% 1ST PFD. SERIES F
GWO.PR.L GREAT-WEST LIFECO INC. 5.2% PFD.
GWO.PR.M GREAT-WEST LIFECO
GWO.PR.N GREAT-WEST LIFECO INC. 5.65% 1ST PFD.
GWO_pp GREAT-WEST LIFECO INC. 5.8% 1ST PFD.
GWO.P.Q GREAT-WEST LIFECO INC. PFD. N
GWO_pr GREAT-WEST LIFECO INC PFD.
GWLIF GREAT WEST LIFECO SERIES T
- Marcos Alvarez
- Michael Driscoll
Great-West Lifeco Inc.: Rating Report
On November 12, 2020, DBRS Limited (DBRS Morningstar) confirmed Great-West’s Issuer Rating and Debentures rating at A (high) as well as its Non-Cumulative First Preferred Shares rating at Pfd-2 (high). DBRS Morningstar also confirmed Canada Life's Financial Strength Rating and Issuer Rating at AA, its Subordinated Debentures rating at AA (low), and its Preferred Shares rating at Pfd-1. At the same time, DBRS Morningstar confirmed Canada Life Capital Trust’s Capital Trust Securities (CLiCS) ratin...
GWO_ps GREAT WEST LIFECO- PFD
GWO.PR.H GREAT-WEST LIFECO PFD. SERIES H
1883Z CANADA LIFE CAPITAL TRUST
GWO.PR.F CANADA LIFE ASSURANCE COMPANY
GWO.PR.G THE
GWO.PR.I GREAT-WEST LIFECO INC. 5.9% 1ST PFD. SERIES F
GWO.PR.L GREAT-WEST LIFECO INC. 5.2% PFD.
GWO.PR.M GREAT-WEST LIFECO
GWO.PR.N GREAT-WEST LIFECO INC. 5.65% 1ST PFD.
GWO_pp GREAT-WEST LIFECO INC. 5.8% 1ST PFD.
GWO.P.Q GREAT-WEST LIFECO INC. PFD. N
GWO_pr GREAT-WEST LIFECO INC PFD.
GWLIF GREAT WEST LIFECO SERIES T
- Marcos Alvarez
- Michael Driscoll
GWO_ps GREAT WEST LIFECO- PFD
GWO.PR.H GREAT-WEST LIFECO PFD. SERIES H
1883Z CANADA LIFE CAPITAL TRUST
GWO.PR.F CANADA LIFE ASSURANCE COMPANY
GWO.PR.G THE
GWO.PR.I GREAT-WEST LIFECO INC. 5.9% 1ST PFD. SERIES F
GWO.PR.L GREAT-WEST LIFECO INC. 5.2% PFD.
GWO.PR.M GREAT-WEST LIFECO
GWO.PR.N GREAT-WEST LIFECO INC. 5.65% 1ST PFD.
GWO_pp GREAT-WEST LIFECO INC. 5.8% 1ST PFD.
GWO.P.Q GREAT-WEST LIFECO INC. PFD. N
GWO_pr GREAT-WEST LIFECO INC PFD.
GWLIF GREAT WEST LIFECO SERIES T
- Komal Rizvi
- Marcos Alvarez
Great-West Lifeco's Q2 2020 Results Positively Affected by Financial M...
Great-West Lifeco Inc. (Great-West or the Company) reported strong results in Q2 2020 with net income climbing to $863 million, a 31% jump from Q2 2019, after excluding a $199 million one-off charge related to the sale of the U.S. individual life insurance and annuity business via indemnity reinsurance last year.
GWO_ps GREAT WEST LIFECO- PFD
GWO.PR.H GREAT-WEST LIFECO PFD. SERIES H
1883Z CANADA LIFE ASSURANCE COMPANY
GWO.PR.F THE
GWO.PR.G GREAT-WEST LIFECO INC. 5.9% 1ST PFD. SERIES F
GWO.PR.I GREAT-WEST LIFECO INC. 5.2% PFD.
GWO.PR.L GREAT-WEST LIFECO
GWO.PR.M GREAT-WEST LIFECO INC. 5.65% 1ST PFD.
GWO.PR.N GREAT-WEST LIFECO INC. 5.8% 1ST PFD.
GWO_pp GREAT-WEST LIFECO INC. PFD. N
GWO.P.Q GREAT-WEST LIFECO INC PFD.
- Komal Rizvi
- Marcos Alvarez
GWO_ps GREAT WEST LIFECO- PFD
GWO.PR.H GREAT-WEST LIFECO PFD. SERIES H
1883Z CANADA LIFE ASSURANCE COMPANY
GWO.PR.F THE
GWO.PR.G GREAT-WEST LIFECO INC. 5.9% 1ST PFD. SERIES F
GWO.PR.I GREAT-WEST LIFECO INC. 5.2% PFD.
GWO.PR.L GREAT-WEST LIFECO
GWO.PR.M GREAT-WEST LIFECO INC. 5.65% 1ST PFD.
GWO.PR.N GREAT-WEST LIFECO INC. 5.8% 1ST PFD.
GWO_pp GREAT-WEST LIFECO INC. PFD. N
GWO.P.Q GREAT-WEST LIFECO INC PFD.
- Marcos Alvarez
- Roger Lister
GWO_ps GREAT WEST LIFECO- PFD
GWO.PR.H GREAT-WEST LIFECO PFD. SERIES H
LLIN LONDON LIFE INSURANCE COMPANY
1883Z CANADA LIFE ASSURANCE COMPANY
GWO.PR.F THE
GWO.PR.G GREAT-WEST LIFECO INC. 5.9% 1ST PFD. SERIES F
GWO.PR.I GREAT-WEST LIFECO INC. 5.2% PFD.
GWO.PR.L GREAT-WEST LIFECO
GWO.PR.M GREAT-WEST LIFECO INC. 5.65% 1ST PFD.
GWO.PR.N GREAT-WEST LIFECO INC. 5.8% 1ST PFD.
GWO_pp GREAT-WEST LIFECO INC. PFD. N
GWO.P.Q GREAT-WEST LIFECO INC PFD.
- Komal Rizvi
- Marcos Alvarez
Great-West Lifeco Inc. and Affiliates: Rating Report
On November 13, 2019, DBRS Limited (DBRS Morningstar) confirmed the ratings on GWO and its affiliates. In confirming the ratings, DBRS Morningstar considered GWO’s exceptional global franchise, which is supported by strong market shares in its chosen markets, as well as excellent risk management infrastructure. The Company’s extensive insurance and wealth management operations in Canada, Europe, and the United States, as well as its global reinsurance, offer a high degree of product and geograph...
GWO_ps GREAT WEST LIFECO- PFD
GWO.PR.H GREAT-WEST LIFECO PFD. SERIES H
LLIN LONDON LIFE INSURANCE COMPANY
1883Z CANADA LIFE CAPITAL TRUST
GWO.PR.F CANADA LIFE ASSURANCE COMPANY
GWO.PR.G THE
GWO.PR.I GREAT-WEST LIFECO INC. 5.9% 1ST PFD. SERIES F
GWO.PR.L GREAT-WEST LIFECO INC. 5.2% PFD.
GWO.PR.M GREAT-WEST LIFECO
GWO.PR.N GREAT-WEST LIFECO INC. 5.65% 1ST PFD.
GWO_pp GREAT-WEST LIFECO INC. 5.8% 1ST PFD.
GWO.P.Q GREAT-WEST LIFECO INC. PFD. N
GWO_pr GREAT-WEST LIFECO INC PFD.
- Marcos Alvarez
- Roger Lister
GWO_ps GREAT WEST LIFECO- PFD
GWO.PR.H GREAT-WEST LIFECO PFD. SERIES H
LLIN LONDON LIFE INSURANCE COMPANY
1883Z CANADA LIFE CAPITAL TRUST
GWO.PR.F CANADA LIFE ASSURANCE COMPANY
GWO.PR.G THE
GWO.PR.I GREAT-WEST LIFECO INC. 5.9% 1ST PFD. SERIES F
GWO.PR.L GREAT-WEST LIFECO INC. 5.2% PFD.
GWO.PR.M GREAT-WEST LIFECO
GWO.PR.N GREAT-WEST LIFECO INC. 5.65% 1ST PFD.
GWO_pp GREAT-WEST LIFECO INC. 5.8% 1ST PFD.
GWO.P.Q GREAT-WEST LIFECO INC. PFD. N
GWO_pr GREAT-WEST LIFECO INC PFD.
GWLIF GREAT WEST LIFECO SERIES T
- Komal Rizvi
- Stewart McIlwraith
Great-West Lifeco Inc. and Affiliates: Rating Report
DBRS Limited (DBRS) confirmed Great-West Lifeco Inc.’s (GWO or the Company) Issuer Rating and Debentures at A (high) and its Non-Cumulative First Preferred Shares at Pfd-2 (high). DBRS also confirmed the Financial Strength Ratings of GWO’s major operating subsidiaries The Great-West Life Assurance Company, The Canada Life Assurance Company and London Life Insurance Company at AA. The Great-West Life Assurance Company’s Issuer Rating was confirmed at AA and its Preferred Shares were confirmed at ...
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