Great-West Lifeco Inc

GWO: XTSE (CAN)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
	CAD 83.00	Lxf	Kyfhwhzxd

Mixed but Overall Decent Quarter for Great-West; No Change to Our Fair Value Estimate

Rajiv Bhatia

May 6, 2022

Great-West Life’s adjusted earnings per share of CAD 0.87 was a touch above the consensus estimate of CAD 0.85. Results were mixed with Canada soft and strength elsewhere. Overall, there was little in Great-West’s earnings release that would alter our long-term view of the no-moat firm and we will maintain our fair value estimate of CAD 40 on the firm’s shares.

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