Great-West Lifeco Inc. (TSX:GWO)

Great-West Lifeco Balance Sheet

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

Assets

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Investments in Debt Securities	12,950	13,040	13,758	11,750	12,701	36,799
Investments in Equity & Preferred Securities	2,359	2,145	1,930	843	638	914
Policy Loans	-	-	-	-	-	8,319
Total Investments	252,040	245,332	237,053	222,274	219,004	201,607
Cash & Equivalents	9,923	8,194	9,564	7,053	6,411	4,772
Reinsurance Recoverable	16,755	16,850	17,842	17,332	17,571	21,138
Other Receivables	7,448	9,044	7,793	6,984	6,369	7,067
Deferred Policy Acquisition Cost	-	1,208	1,065	913	923	615
Separate Account Assets	626,219	551,169	496,386	422,956	387,882	357,419
Property, Plant & Equipment	1,229	1,498	1,446	1,374	1,494	1,547
Goodwill	11,483	11,283	11,428	11,249	10,611	9,081
Other Intangible Assets	4,999	4,912	4,958	4,484	6,230	5,514
Restricted Cash	-	708	1,145	689	879	1,303
Other Current Assets	2,111	1,811	2,322	6,646	2,347	883
Long-Term Deferred Tax Assets	2,490	2,285	2,066	1,848	1,470	1,057
Other Long-Term Assets	11,314	8,534	9,095	9,428	11,015	18,485
Total Assets	946,011	862,828	802,163	713,230	672,206	630,488

Liabilities

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Accounts Payable	3,522	3,981	3,524	3,216	2,758	3,032
Insurance & Annuity Liabilities	165,772	161,644	155,683	144,388	135,438	208,378
Reinsurance Payable	860	919	795	648	537	1,542
Current Portion of Long-Term Debt	-	565	340	338	-	-
Current Portion of Leases	-	64	-	-	79	83
Short-Term Debt	-	648	523	435	1,151	593
Current Income Taxes Payable	506	498	294	137	152	193
Long-Term Debt	8,965	12,423	13,116	11,964	9,632	8,618
Long-Term Leases	-	280	380	361	428	439
Long-Term Deferred Tax Liabilities	1,096	937	834	787	773	1,089
Separate Account Liability	626,219	551,169	496,386	422,956	387,882	357,419
Other Current Liabilities	2,913	1,847	1,797	3,357	8,041	4,861
Other Long-Term Liabilities	101,556	94,093	95,076	93,955	95,684	12,455
Total Liabilities	911,409	829,825	769,509	683,379	643,411	600,005

Shareholders' Equity

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Preferred Stock, Redeemable	3,120	2,920	2,720	2,720	2,720	2,720
Common Stock	5,952	5,983	6,071	6,000	5,791	5,748
Additional Paid-In Capital	206	209	208	234	209	192
Retained Earnings	17,702	17,503	17,266	15,492	14,976	16,424
Comprehensive Income & Other	4,336	3,242	3,276	2,390	2,213	2,132
Total Common Equity	28,196	26,937	26,821	24,116	23,189	24,496
Minority Interest	3,286	3,146	3,113	3,015	2,886	3,267
Shareholders' Equity	34,602	33,003	32,654	29,851	28,795	30,483
Total Liabilities & Equity	946,011	862,828	802,163	713,230	672,206	630,488

Additional Metrics

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Filing Date Shares Outstanding	895.2	906.33	932.1	932.43	931.85	930.62
Total Common Shares Outstanding	894.46	906.33	932.11	932.43	931.85	930.62
Total Debt	8,965	13,980	14,359	13,098	11,290	9,733
Net Cash (Debt)	958	-5,786	-4,795	-6,045	-4,879	-4,961
Net Cash Growth	1.92%	-	-	-	-	-
Net Cash Per Share	1.05	-6.23	-5.13	-6.48	-5.23	-5.33
Book Value Per Share	31.52	29.72	28.77	25.86	24.88	26.32
Tangible Book Value	11,714	10,742	10,435	8,383	6,348	9,901
Tangible Book Value Per Share	13.10	11.85	11.20	8.99	6.81	10.64

Data Source: S&P Global Market Intelligence Last updated: Jun 30, 2026

Financial data is provided by S&P Global Market Intelligence and updates within hours after each earnings release, which is every three months for this company.

Update frequency:

Quarterly

Last checked:

Aug 29, 2026

Data Sources Report a data error