Great-West Lifeco Inc. is looking south of the border and in Europe for new customers. The Winnipeg-based insurer and wealth manager says there are plenty of opportunities to build its business in developed markets such as the U.S.
Great-West, Canada's second-largest life insurer, gives investors more return for the stock price than New York-based American International Group Inc. and Warren Buffett's Omaha, Nebraska-based Berkshire Hathaway Inc. (BRKb.N), Bloomberg data show.
In previous years, retirees were able to invest their capital in ultra-safe investments like GICs and Government of Canada bonds, confident in knowing they'd throw off enough income to fund their retirement.
Great-West Lifeco Inc. will acquire Irish Life Group for $1.75 billion through an agreement with the Government of Ireland, which acquired the company last summer after its former parent failed to pass financial stress tests.
Great-West Lifeco logo Great-West Lifeco Inc. (TSE:GWO) - National Bank Financial increased their FY2015 earnings per share (EPS) estimates for Great-West Lifeco in a note issued to investors on Sunday, Zacks Investment Research reports.
Great-West Lifeco logo Great-West Lifeco Inc. (TSE:GWO) - Desjardins issued their FY2017 earnings per share (EPS) estimates for Great-West Lifeco in a report released on Friday, according to Zacks Investment Research.