Great-West Lifeco Inc

GWO: XTSE (CAN)
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Morningstar Rating for Stocks Fair Value Economic Moat Capital Allocation
CAD 58.00PqyQlfbkbmf

Rising Interest Rates Should Help Great-West’s Insurance Business, Empower a Growth Focus

Business Strategy and Outlook

Great-West, along with competitors Sun Life and Manulife, make up the “Big Three” in the Canadian life insurance market. Of the three, we believe Great-West is the best run as it has posted the highest returns on equity. The life insurance market is competitive and relatively commodified, so we generally don’t expect such strong returns. We attribute Great-West’s results to disciplined underwriting strategy and expense management.

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