Yahoo Finance Great-West Lifeco Full Year 2022 Earnings: EPS Beats Expectations, Revenues Lag
Great-West Lifeco (TSE:GWO) Full Year 2022 Results
Key Financial Results
Revenue: CA$44.7b (down 31% from FY 2021).
Net income: CA$3.22b (up 2.9% from FY 2021).
Profit margin: 7.2% (up from 4.9% in FY 2021). The increase in margin was driven by lower expenses.
EPS: CA$3.46 (up from CA$3.37 in FY 2021).
All figures shown in the chart above are for the trailing 12 month (TTM) period
Great-West Lifeco EPS Beats Expectations, Revenues Fall Short
Revenue missed analyst estimates by 40%. Earnings per share (EPS) exceeded analyst estimates by 8.3%.
Looking ahead, revenue is forecast to grow 10% p.a. on average during the next 3 years, compared to a 12% growth forecast for the Insurance industry in Canada.
Performance of the Canadian Insurance industry.
The company's share price is broadly unchanged from a week ago.
Balance Sheet Analysis
Just as investors must consider earnings, it is also important to take into account the strength of a company's balance sheet. We've done some analysis and you can see our take on Great-West Lifeco's balance sheet.
Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com.
This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
Join A Paid User Research Session
You’ll receive a US$30 Amazon Gift card for 1 hour of your time while helping us build better investing tools for the individual investors like yourself. Sign up here
