Great-West Lifeco Inc. (TSX:GWO)

Great-West Lifeco Income Statement

Financials in millions CAD. Fiscal year is January - December.

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar 31, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Net Premiums Earned	22,534	22,321	21,214	20,402	19,632	-
Investment Income	2,285	2,077	2,499	1,533	2,606	4,310
Total Other Revenues	8,024	7,895	7,224	5,874	5,158	7,294
Revenue	32,843	32,293	30,937	27,809	27,396	64,417
Revenue Growth (YoY)	5.70%	4.38%	11.25%	1.51%	-57.47%	6.33%
Insurance Benefits & Claims	18,973	18,942	17,967	17,321	16,803	-152,750
Policy Amortization Costs	-	-	-	-	-	-2,664
Other Operating Expenses	8,285	8,277	7,587	6,994	6,136	-7,263
Operating Income	5,585	5,074	5,383	3,494	4,457	227,094
Interest Expense	-363	-379	-402	-426	-393	-328
Total Non-Operating Income (Expense)	-363	-379	-402	-426	-393	-328
Pretax Income	5,222	4,695	4,981	3,068	4,064	3,867
Provision for Income Taxes	648	534	737	53	394	304
Net Income	4,292	3,960	3,940	2,738	3,596	3,128
Minority Interest in Earnings	104	41	103	23	-88	301
Net Income Attributable to Preferred Dividends	178	160	130	130	130	134
Earnings From Discontinued Operations	-	-	-71	-124	-32	-
Net Income to Common	4,292	3,960	3,940	2,738	3,596	3,128
Net Income Growth	11.77%	0.51%	43.90%	-23.86%	14.96%	6.29%
Shares Outstanding (Basic)	917	924	932	932	932	929
Shares Outstanding (Diluted)	922	929	935	934	932	931
Shares Change (YoY)	-1.43%	-0.68%	0.17%	0.14%	0.14%	0.34%
EPS (Basic)	4.68	4.29	4.23	2.94	3.86	3.37
EPS (Diluted)	4.66	4.26	4.21	2.93	3.86	3.36
EPS Growth	13.11%	1.19%	43.69%	-24.09%	14.88%	5.93%
Shares Outstanding	898.04	906.33	932.11	932.43	931.85	930.62
Free Cash Flow	4,982	2,708	4,751	5,203	3,772	9,403
Free Cash Flow Growth	83.97%	-43.00%	-8.69%	37.94%	-59.88%	3.00%
Free Cash Flow Per Share	5.40	2.92	5.08	5.57	4.05	10.10
Dividends Per Share	2.500	2.440	2.220	2.080	1.960	1.804
Dividend Growth	2.46%	9.91%	6.73%	6.12%	8.65%	2.97%
Operating Margin	17.01%	15.71%	17.40%	12.56%	16.27%	352.54%
Profit Margin	13.93%	12.89%	13.72%	10.84%	13.40%	5.06%
FCF Margin	15.17%	8.39%	15.36%	18.71%	13.77%	14.60%
EBITDA	5,585	5,074	5,383	3,494	4,457	227,094
EBIT	5,585	5,074	5,383	3,494	4,457	227,094
EBIT Margin	17.01%	15.71%	17.40%	12.56%	16.27%	352.54%
Effective Tax Rate	12.41%	11.37%	14.80%	1.73%	9.69%	7.86%

Updated May 6, 2026. Data Source: Fiscal.ai. Insurance template. Financial Sources.