Great-West Lifeco (Great-West Lifeco) Retained Earnings : $11,547 Mil (As of Dec. 2023)

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What is Great-West Lifeco Retained Earnings?

Retained earnings is the accumulated portion of net income that is not distributed to shareholders. Great-West Lifeco's retained earnings for the quarter that ended in Dec. 2023 was $11,547 Mil.

Great-West Lifeco's quarterly retained earnings increased from Jun. 2023 ($11,222 Mil) to Sep. 2023 ($11,299 Mil) and increased from Sep. 2023 ($11,299 Mil) to Dec. 2023 ($11,547 Mil).

Great-West Lifeco's annual retained earnings increased from Dec. 2021 ($10,323 Mil) to Dec. 2022 ($11,024 Mil) and increased from Dec. 2022 ($11,024 Mil) to Dec. 2023 ($11,547 Mil).

Great-West Lifeco Retained Earnings Historical Data

The historical data trend for Great-West Lifeco's Retained Earnings can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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Great-West Lifeco Retained Earnings Chart

Great-West Lifeco Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Retained Earnings

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10,372.85

11,702.71

10,323.44

11,023.92

11,547.41

Great-West Lifeco Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Retained Earnings	Get a 7-Day Free Trial															11,023.92	10,920.12	11,222.34	11,298.50	11,547.41

Great-West Lifeco Retained Earnings Calculation

Retained Earnings is the accumulated portion of net income that is not distributed to shareholders. Because the net income was not distributed to shareholders, shareholders' equity is increased by the same amount.

Of course, if a company loses, it is called retained losses, or accumulated losses.

Great-West Lifeco (OTCPK:GWLIF) Retained Earnings Explanation

Historically profitable companies sometimes have negative retained earnings. This is because they have cumulatively paid out more to shareholders than they reported in profits.

For example, in 2011, Microsoft had negative retained earnings. This does not mean the company lost more money than it made over the years. It just means it paid out more money than it earned.

If a company has negative retained earnings, investors should check the 10-year financial results. They should not assume that negative retained earnings prove a company has generally lost money in the past.

Of course, many companies with negative retained earnings have indeed lost money in the past.

Retained Earnings: Warren Buffett's Secret.

One of the most important indicators of durable competitive advantage. Net earnings can be paid out as dividends, used to buy back shares or retained for growth.

If the company loses more than it has accumulated, retained earnings is negative.

If a company isn't adding to its retained earnings, it isn't growing its net worth.

Rate of growth of retained earnings is good indicator whether it's benefiting from a competitive advantage.

Microsoft is negative because it chose to buyback stock and pay dividends.

The more earnings retained, the faster it grows and increases growth rate for future earnings.

Great-West Lifeco (Great-West Lifeco) Business Description

Industry

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Address

100 Osborne Street North, Winnipeg, MB, CAN, R3C 1V3

Website

https://www.greatwestlifeco.com

Great-West Lifeco provides life insurance, health insurance, retirement products, asset management, recordkeeping services, and reinsurance products in Canada, the United States, and Europe. The Canada business contributes approximately 35% of adjusted earnings and has leading market positions in group insurance, group retirement, and individual insurance. The company operates the second-largest recordkeeping business under the Empower brand in the United States, with an earnings contribution from the country approximating 20%. Great-West Lifeco also offers various products across Europe markets with a strong presence in the U.K., Ireland, and Germany. The Europe segment contributes around 28% of adjusted earnings and the reinsurance business accounts for around 17% of adjusted earnings.