Great-West Lifeco Inc. (GWO) - Net Assets

Latest as of December 2025: CA$33.00 Billion CAD

Based on the latest financial reports, Great-West Lifeco Inc. (GWO) has net assets worth CA$33.00 Billion CAD as of December 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (CA$862.83 Billion) and total liabilities (CA$829.83 Billion). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off.

Key Net Assets Metrics

Metric Value
Current Net Assets CA$33.00 Billion
% of Total Assets 3.82%
Annual Growth Rate 9.08%
5-Year Change 8.27%
10-Year Change 31.97%
Growth Volatility 20.42

Great-West Lifeco Inc. - Net Assets Trend (1996–2025)

This chart illustrates how Great-West Lifeco Inc.'s net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.

Annual Net Assets for Great-West Lifeco Inc. (1996–2025)

The table below shows the annual net assets of Great-West Lifeco Inc. from 1996 to 2025.

Year Net Assets Change
2025-12-31 CA$33.00 Billion +5.94%
2024-12-31 CA$31.15 Billion +4.37%
2023-12-31 CA$29.85 Billion -7.63%
2022-12-31 CA$32.32 Billion +6.02%
2021-12-31 CA$30.48 Billion +12.84%
2020-12-31 CA$27.02 Billion +5.76%
2019-12-31 CA$25.54 Billion -6.77%
2018-12-31 CA$27.40 Billion +7.29%
2017-12-31 CA$25.54 Billion +2.11%
2016-12-31 CA$25.01 Billion -1.00%
2015-12-31 CA$25.26 Billion +15.36%
2014-12-31 CA$21.90 Billion +9.49%
2013-12-31 CA$20.00 Billion +13.72%
2012-12-31 CA$17.59 Billion +9.20%
2011-12-31 CA$16.10 Billion +19.01%
2010-12-31 CA$13.53 Billion -11.98%
2009-12-31 CA$15.37 Billion -1.20%
2008-12-31 CA$15.56 Billion +16.73%
2007-12-31 CA$13.33 Billion -0.23%
2006-12-31 CA$13.36 Billion +15.22%
2005-12-31 CA$11.60 Billion -4.15%
2004-12-31 CA$12.10 Billion +9.90%
2003-12-31 CA$11.01 Billion +62.86%
2002-12-31 CA$6.76 Billion +6.49%
2001-12-31 CA$6.35 Billion +3.83%
2000-12-31 CA$6.11 Billion +3.30%
1999-12-31 CA$5.92 Billion +5.10%
1998-12-31 CA$5.63 Billion +8.85%
1997-12-31 CA$5.17 Billion +94.85%
1996-12-31 CA$2.65 Billion --

Equity Component Analysis

This analysis shows how different components contribute to Great-West Lifeco Inc.'s total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.

Equity Composition Insights

  • Retained earnings have grown by 1769.2% over the analyzed period, indicating profitable operations and earnings retention.

Current Equity Component Breakdown (December 2025)

Component Amount Percentage
Retained Earnings CA$17.50 Billion 58.62%
Common Stock CA$5.98 Billion 20.04%
Other Comprehensive Income CA$1.74 Billion 5.83%
Other Components CA$4.63 Billion 15.50%
Total Equity CA$29.86 Billion 100.00%

Great-West Lifeco Inc. Competitors by Market Cap

The table below lists competitors of Great-West Lifeco Inc. ranked by their market capitalization.

Company Market Cap
COMPASS GROUP
F:XGR
 		$45.63 Billion
Chipotle Mexican Grill Inc
NYSE:CMG
 		$45.69 Billion
Fortescue Ltd
AU:FMG
 		$45.71 Billion
ING Groep N.V
MX:INGN
 		$46.00 Billion
IDEXX Laboratories Inc
NASDAQ:IDXX
 		$45.51 Billion
Occidental Petroleum Corporation
NYSE:OXY
 		$45.39 Billion
CSL Limited
F:CSJ
 		$45.38 Billion
RIO Tinto Ltd
AU:RIO
 		$45.34 Billion

Equity Growth Attribution

This analysis shows how different factors contributed to changes in Great-West Lifeco Inc.'s equity between the two most recent reporting periods.

Equity Growth Insights

  • From 2024 to 2025, total equity changed from 29,541,000,000 to 29,857,000,000, a change of 316,000,000 (1.1%).
  • Net income of 4,120,000,000 contributed positively to equity growth.
  • Dividend payments of 2,413,000,000 reduced retained earnings.
  • Share repurchases of 1,653,000,000 reduced equity.
  • New share issuances of 299,000,000 increased equity.
  • Other comprehensive income decreased equity by 34,000,000.

Equity Change Factors (2024 to 2025)

Factor Impact Contribution
Net Income CA$4.12 Billion +13.8%
Dividends Paid CA$2.41 Billion -8.08%
Share Repurchases CA$1.65 Billion -5.54%
Share Issuances CA$299.00 Million +1.0%
Other Comprehensive Income CA$-34.00 Million -0.11%
Other Changes CA$-3.00 Million -0.01%
Total Change CA$- 1.07%

Book Value vs Market Value Analysis

This analysis compares Great-West Lifeco Inc.'s book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.

Valuation Insights

  • Current price-to-book ratio: 2.16x
  • The company is trading above its book value, indicating the market recognizes value beyond its reported assets.
  • The price-to-book ratio has decreased from 21.77x to 2.16x over the analyzed period, indicating reduced market premium.

Historical Price-to-Book Ratios

Date Book Value per Share Market Price P/B Ratio
1996-12-31 CA$3.20 CA$69.57 x
1997-12-31 CA$4.91 CA$69.57 x
1998-12-31 CA$4.74 CA$69.57 x
1999-12-31 CA$5.05 CA$69.57 x
2000-12-31 CA$5.44 CA$69.57 x
2001-12-31 CA$5.83 CA$69.57 x
2002-12-31 CA$6.32 CA$69.57 x
2003-12-31 CA$10.50 CA$69.57 x
2004-12-31 CA$10.47 CA$69.57 x
2005-12-31 CA$10.56 CA$69.57 x
2006-12-31 CA$12.38 CA$69.57 x
2007-12-31 CA$12.13 CA$69.57 x
2008-12-31 CA$14.72 CA$69.57 x
2009-12-31 CA$13.74 CA$69.57 x
2010-12-31 CA$14.01 CA$69.57 x
2011-12-31 CA$14.42 CA$69.57 x
2012-12-31 CA$15.69 CA$69.57 x
2013-12-31 CA$17.79 CA$69.57 x
2014-12-31 CA$19.26 CA$69.57 x
2015-12-31 CA$22.50 CA$69.57 x
2016-12-31 CA$22.19 CA$69.57 x
2017-12-31 CA$22.81 CA$69.57 x
2018-12-31 CA$24.79 CA$69.57 x
2019-12-31 CA$23.96 CA$69.57 x
2020-12-31 CA$25.90 CA$69.57 x
2021-12-31 CA$29.23 CA$69.57 x
2022-12-31 CA$31.12 CA$69.57 x
2023-12-31 CA$28.75 CA$69.57 x
2024-12-31 CA$31.59 CA$69.57 x
2025-12-31 CA$32.15 CA$69.57 x

Capital Efficiency Dashboard

This dashboard shows how efficiently Great-West Lifeco Inc. utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.

Capital Efficiency Insights

  • Current Return on Equity (ROE): 13.80%
  • The company shows good efficiency in utilizing shareholder equity.
  • DuPont Analysis Breakdown:
  • • Net Profit Margin: 10.54%
  • • Asset Turnover: 0.05x
  • • Equity Multiplier: 28.90x
  • Recent ROE (13.80%) is above the historical average (13.80%), indicating improving capital efficiency.

Historical Capital Efficiency Metrics

Year Return on Equity Net Profit Margin Asset Turnover Equity Multiplier Economic Value Added
1996 14.49% 4.75% 0.22x 14.04x CA$89.53 Million
1997 7.91% 3.34% 0.14x 16.47x CA$-66.20 Million
1998 13.33% 3.44% 0.25x 15.42x CA$118.20 Million
1999 15.02% 4.27% 0.25x 14.06x CA$190.10 Million
2000 16.12% 4.42% 0.27x 13.33x CA$255.80 Million
2001 12.42% 3.40% 0.27x 13.45x CA$106.30 Million
2002 20.43% 5.78% 0.28x 12.76x CA$491.20 Million
2003 14.39% 9.20% 0.14x 11.34x CA$377.00 Million
2004 17.15% 7.39% 0.23x 10.17x CA$673.50 Million
2005 18.71% 7.44% 0.23x 10.77x CA$826.10 Million
2006 17.34% 7.56% 0.21x 10.84x CA$815.60 Million
2007 19.35% 8.14% 0.22x 10.85x CA$1.02 Billion
2008 10.98% 4.28% 0.26x 9.83x CA$130.20 Million
2009 13.07% 5.56% 0.24x 9.87x CA$398.70 Million
2010 12.68% 5.65% 0.23x 9.80x CA$359.00 Million
2011 15.27% 7.08% 0.13x 17.21x CA$730.60 Million
2012 12.74% 6.28% 0.12x 16.83x CA$413.40 Million
2013 13.65% 9.11% 0.08x 18.48x CA$644.30 Million
2014 13.86% 6.81% 0.11x 18.53x CA$742.60 Million
2015 12.86% 8.54% 0.08x 17.81x CA$642.60 Million
2016 12.56% 5.96% 0.12x 18.18x CA$563.80 Million
2017 10.08% 4.83% 0.11x 18.58x CA$17.90 Million
2018 12.62% 7.03% 0.10x 17.44x CA$641.70 Million
2019 10.99% 5.57% 0.10x 19.90x CA$224.30 Million
2020 12.80% 5.08% 0.10x 24.99x CA$673.20 Million
2021 11.99% 5.06% 0.10x 23.17x CA$540.40 Million
2022 12.84% 0.00% 0.00x 24.18x CA$825.00 Million
2023 10.69% 7.81% 0.05x 26.58x CA$184.40 Million
2024 13.78% 11.72% 0.04x 27.15x CA$1.12 Billion
2025 13.80% 10.54% 0.05x 28.90x CA$1.13 Billion

Industry Comparison

This section compares Great-West Lifeco Inc.'s net assets metrics with peer companies in the Insurance - Life industry.

Industry Context

  • Industry: Insurance - Life
  • Average net assets among peers: $6,236,750,333
  • Average return on equity (ROE) among peers: 5.97%

Peer Company Comparison

Company Net Assets Return on Equity Debt-to-Equity Market Cap
Great-West Lifeco Inc. (GWO) CA$33.00 Billion 14.49% 25.14x $45.61 Billion
E-L Financial Corp Ltd (ELF) $8.60 Billion 13.56% 2.12x $4.26 Billion
Power Corporation Of Canada (POW) $4.45 Billion 3.37% 5.64x $30.39 Billion
Sagicor Financial Company (SFC) $5.66 Billion 0.97% 0.13x $927.30 Million

About Great-West Lifeco Inc.

TO:GWO Canada Insurance - Life
Market Cap
$45.61 Billion
CA$63.05 Billion CAD
Market Cap Rank
#510 Global
#6 in Canada
Share Price
CA$69.57
Change (1 day)
-1.46%
52-Week Range
CA$49.95 - CA$70.60
All Time High
CA$70.60
Categories
Companies in Canada Insurance - Life
About

Great-West Lifeco Inc. engages in the life and health insurance, retirement savings, wealth and asset management, and reinsurance businesses in Canada, the United States, and Europe. The company offers life, accidental death and dismemberment, critical illness, disability, health and dental protection, and creditor insurance products; and retirement savings, income and annuity products, and other… Read more