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TSE:GWO

Great West Lifeco (GWO.TO)

89.16
+0.42 (0.47%)
as of Aug 24, 2026, 8:00:01 pm Market Open.
420 watching
0
Investor Insights
star iconAug 24, 2026, 12:00 am

This summary was created by AI, based on 7 opinions in the last 12 months.

Great West Lifeco (GWO) is viewed as a solid company with stable earnings and a reliable dividend history, although its recent valuation is considered rich by some analysts. Multiple reviews suggest that the insurance sector, including GWO, has seen stock prices rise significantly, leading to concerns about current buying opportunities. While some experts recommend waiting for a better entry point due to high valuations, others highlight GWO's steady growth profile and the potential for higher dividends in the future. Comparisons with other financial companies, particularly MFC, indicate that while GWO has quality assets and lower volatility, there may be more attractive options currently available in the market. Overall, the stock is appreciated for its stability and income-generating potential, but caution is advised regarding its current valuation relative to growth prospects.

consensus icon
Consensus
Hold
valuation icon
Valuation
Overvalued
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Similar
MFC
HOLD
Doesn’t think market hates it so much as all the insurance companies including MFC and SLF. These companies all have exposure to the equity markets. Interest rates are also low and a large chunk of their income comes from interest investments. He still owns some of the others. They are well run long term.
COMMENT
Market hates it insurance companies altogether even though they are having strong sales. Market is concerned about exposure to interest rates, segregated markets and how much equity they have. Long-term this is a great entry point and better opportunity than the banks.
HOLD
You would get a better upside play out of Manufactures Life (MFC-T) but would also be taking on more risk. This is fine. You have to remember that when bond yields fall, this is more of a problem for lifecos. There are names with more potential upside.
BUY
If you don't have any insurance, this is a good opportunity.
COMMENT
Owns this one indirectly through Power Financial (PWF-T). Of the 3 major lifecos, this would be his favourite. Has the least exposure in the US market. Best managed. Because the lifecos are dependent on interest rates, they do well when rates are higher, not so well when they are lower.
DON'T BUY
Prefers MFC and SLF. They all have the same problem. Under loved in the market. They have problems in the US operations in Putnam and health areas. Doesn’t see big dividend increases coming through on the insurance companies. Power Corp has a better record on dividend increases.
HOLD
Like all insurance companies, it is quite exposed to the equity markets. There is a lot of fear that if equity markets go down, this will have a direct impact on this company. This is a great company and incredibly well-financed.
PAST TOP PICK
(A Top Pick July 2/10. Up 11.07%.) Would prefer to buy this one below $25, but okay at this price.
DON'T BUY
Stable yield. In a low interest rate environment it is hard for lifeco companies to make money. They all have aggressive fixed income portfolios. Life companies around the world are down. Don’t worry about their equity exposure. Lifecos will go up when interest rates go up.
DON'T BUY
He would prefer to own this through Power Financial (PWF-T). Wouldn’t be concerned about any potential time bombs (Re: European debt crisis). Doesn’t expect Lifecos to go anywhere. (This one is the best.)
BUY
Quarter was in line with expectations. Was hit at about $0.08 a share with the New Zealand and Japan disasters, which was less than expected. Also made some gains on a recent mark to market real estate because of a change in reporting standards.
BUY
20%+ ROE. Doesn’t have the upside like MFC if markets go crazy. Probably going to raise dividend late this year or early next. A nice safe place to be in to tuck away for a few years.
BUY
4.65% bond due August 2020? Strong AA. One of the best managed life companies in Canada. Well structured balance sheet with assets and liabilities being well matched. Yield is just slightly under 4.65%. Would include them in a laddered portfolio.
BUY
Great company and well managed and probably the one performing best of the lifecos. 4.8% dividend. Not a lot of growth in the short term and there are better options such as CIBC (CM-T) or National bank (NA-T).
SELL
Preferred shares. When rates go up, preferreds may plummet. Company is well run, but these are long-term securities and are perpetual so have a very long duration and are influenced by long-term interest-rate movements.
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