Great-West Lifeco (Great-West Lifeco) EBIT

: $2,562 Mil (TTM As of Dec. 2023)

View and export this data going back to 2009. Start your Free Trial

Great-West Lifeco's earnings before interest and taxes (EBIT) for the three months ended in Dec. 2023 was $512 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Dec. 2023 was $2,562 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Great-West Lifeco's annualized ROC % for the quarter that ended in Dec. 2023 was 0.51%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Great-West Lifeco's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was 8.16%.

Great-West Lifeco EBIT Historical Data

The historical data trend for Great-West Lifeco's EBIT 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.

* Premium members only.

Great-West Lifeco Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

EBIT

2,405.65

2,623.94

3,282.03

3,270.52

2,592.43

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
EBIT																307.69	547.40	593.11	909.76	512.08

Competitive Comparison

For the Insurance - Life subindustry, Great-West Lifeco's EV-to-EBIT, along with its competitors' market caps and EV-to-EBIT data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Great-West Lifeco EV-to-EBIT Distribution

For the Insurance industry and Financial Services sector, Great-West Lifeco's EV-to-EBIT distribution charts can be found below:

* The bar in red indicates where Great-West Lifeco's EV-to-EBIT falls into.

Great-West Lifeco EBIT Calculation

EBIT, sometimes also called Earnings Before Interest and Taxes, is a measure of a firm's profit that includes all expenses except interest and income tax expenses. It is the difference between operating revenues and operating expenses. When a firm does not have non-operating income, then Operating Income is sometimes used as a synonym for EBIT and operating profit.

EBIT for the trailing twelve months (TTM) ended in Dec. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was $2,562 Mil.

Great-West Lifeco (OTCPK:GWLIF) EBIT Explanation

1. EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition.

Great-West Lifeco's annualized ROC % for the quarter that ended in Dec. 2023 is calculated as:

	ROC % (Q: Dec. 2023 )
=	NOPAT	/	Average Invested Capital
=	EBIT * ( 1 - Tax Rate % )	/	( (Invested Capital (Q: Sep. 2023 )	+	Invested Capital (Q: Dec. 2023 ))	/ count )
=	2048.3 * ( 1 - -28.01% )	/	( (495183.8363	+	524528.91975)	/ 2 )
=	2622.02883	/	509856.378025
=	0.51 %

where

	Invested Capital		(Q: Sep. 2023 )
=	Total Assets	-	Accounts Payable & Accrued Expense	-	Excess Cash
=	Total Assets	-	Accounts Payable & Accrued Expense	-	( Balance Sheet Cash And Cash Equivalents	-	5% * Revenue )
=	502557.091	-	2225.261	-	( 5157.047	-	5% * 181.066 )
=	495183.8363

	Invested Capital		(Q: Dec. 2023 )
=	Total Assets	-	Accounts Payable & Accrued Expense	-	Excess Cash
=	Total Assets	-	Accounts Payable & Accrued Expense	-	( Balance Sheet Cash And Cash Equivalents	-	5% * Revenue )
=	531626.416	-	2499.255	-	( 5257.156	-	5% * 13178.295 )
=	524528.91975

Note: The EBIT data used here is four times the quarterly (Dec. 2023) data.

2. Joel Greenblatt's definition of Return on Capital:

ROC (Joel Greenblatt) % does not apply to banks and insurance companies.

3. It is also linked to Joel Greenblatt's definition of Earnings Yield:

Great-West Lifeco's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Dec. 2023 )
	=	2562.339	/	31390.060
	=	8.16 %

Great-West Lifeco EBIT Related Terms

Thank you for viewing the detailed overview of Great-West Lifeco's EBIT provided by GuruFocus.com. Please click on the following links to see related term pages.

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

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Insurance » Great-West Lifeco Inc (OTCPK:GWLIF) » Definitions » EBIT

Comparable Companies

Traded in Other Exchanges

GWO.PR.T.PFD:Canada GWO.PR.S.PFD:Canada GWO.PR.R.PFD:Canada GWO.PR.Q.PFD:Canada GWO.PR.P.PFD:Canada GWO.PR.N.PFD:Canada GWO.PR.M.PFD:Canada GWO.PR.L.PFD:Canada GWO.PR.I.PFD:Canada GWO.PR.H.PFD:Canada GWO.PR.G.PFD:Canada GWO:Canada

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.