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Great-West Lifeco Sloan Ratio %

: 0.25% (As of Sep. 2021)
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Richard Sloan from the University of Michigan was first to document what is referred to as the "accrual anomaly". His 1996 paper found that shares of companies with small or negative accruals vastly outperform (+10%) those of companies with large ones.

Great-West Lifeco's Sloan Ratio for the quarter that ended in Sep. 2021 was 0.25%.

As of Sep. 2021, Great-West Lifeco has a Sloan Ratio of 0.25%, indicating the company is in the safe zone and there is no funny business with accruals.


Great-West Lifeco Sloan Ratio % Historical Data

The historical data trend for Great-West Lifeco's Sloan Ratio % 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 Dec11 Dec12 Dec13 Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20
Sloan Ratio %
Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.27 0.07 0.32 -0.46 0.28

Great-West Lifeco Quarterly Data
Dec16 Mar17 Jun17 Sep17 Dec17 Mar18 Jun18 Sep18 Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21
Sloan Ratio % Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.45 0.27 0.81 0.56 0.25

Competitive Comparison

For the Insurance - Life subindustry, Great-West Lifeco's Sloan Ratio %, along with its competitors' market caps and Sloan Ratio % 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 Sloan Ratio % Distribution

For the Insurance industry and Financial Services sector, Great-West Lifeco's Sloan Ratio % distribution charts can be found below:

* The bar in red indicates where Great-West Lifeco's Sloan Ratio % falls into.



Great-West Lifeco Sloan Ratio % Calculation

Earnings contain a lot of non cash earnings which is called accruals. The Sloan ratio is a way to identify firms with low non-cash or accrual-derived earnings relative to their cash flow.

Great-West Lifeco's Sloan Ratio for the fiscal year that ended in Dec. 2020 is calculated as

Sloan Ratio=(Net Income (A: Dec. 2020 )-Cash Flow from Operations (A: Dec. 2020 )
-Cash Flow from Investing (A: Dec. 2020 ))/Total Assets (A: Dec. 2020 )
=(2401.436489968-7502.5372784761
--6403.3101725349)/468803.18526036
=0.28%

Great-West Lifeco's Sloan Ratio for the quarter that ended in Sep. 2021 is calculated as

Sloan Ratio=(Net Income (TTM)-Cash Flow from Operations (TTM})
-Cash Flow from Investing (TTM))/Total Assets (Q: Sep. 2021 )
=(2709.3180575253-8265.5817219708
--6755.6890851072)/485330.28174572
=0.25%

Great-West Lifeco's Net Income for the trailing twelve months (TTM) ended in Sep. 2021 was 737.76251073464 (Dec. 2020 ) + 588.75009945103 (Mar. 2021 ) + 668.57610474632 (Jun. 2021 ) + 714.22934259332 (Sep. 2021 ) = $2,709 Mil.
Great-West Lifeco's Cash Flow from Operations for the trailing twelve months (TTM) ended in Sep. 2021 was 1480.2092278866 (Dec. 2020 ) + 1426.525578805 (Mar. 2021 ) + 869.06710310966 (Jun. 2021 ) + 4489.7798121695 (Sep. 2021 ) = $8,266 Mil.
Great-West Lifeco's Cash Flow from Investing for the trailing twelve months (TTM) ended in Sep. 2021 was 362.24529627606 (Dec. 2020 ) + -2809.2927042724 (Mar. 2021 ) + 454.99181669394 (Jun. 2021 ) + -4763.6334938048 (Sep. 2021 ) = $-6,756 Mil.

* 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.


Great-West Lifeco  (OTCPK:GWLIF) Sloan Ratio % Explanation

A former University of Michigan researcher, Richard Sloan's 1996 paper found that shares of companies with small or negative accruals vastly outperform (+10%) those of companies with large ones. In fact, for the 40-year period between 1962 and 2001, buying the lowest accrual companies and shorting the highest accrual companies resulted in an average annual compounded return of 18%, more than double the S&P 500's 7.4% annual return over the same period.

According to How to Beat the Market with the Sloan Ratio:

If the Sloan Ratio is between -10% and 10%, the company is in the safe zone and there is no funny business with accruals.

If the Sloan Ratio is less than between -25% and -10% on the negative side, and between 10% and 25% on the positive side, this is a warning stage of accrual build up.

If the Sloan Ratio is less than -25% or greater than 25%, and this ratio is consistent over several quarters or even years, be careful. Earnings are highly likely to be made up of accruals.

As of Sep. 2021, Great-West Lifeco has a Sloan Ratio of 0.25%, indicating the company is in the safe zone and there is no funny business with accruals.


Great-West Lifeco Sloan Ratio % Related Terms

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Great-West Lifeco Business Description

Great-West Lifeco logo
Industry
Financial Services » Insurance NAICS : 524113 SIC : 7311
Address
100 Osborne Street North, Winnipeg, MB, CAN, R3C 1V3
Great-West Lifeco is one of the three big Canadian life insurance firms. With just under half of the firm's profit and revenue in Canada, Great-West also operates in the U.S. and Europe. In Canada, Great-West provides both individual and group insurance. In the United States, Great-West operates Putnam Investments and defined-contribution recordkeeping firm Empower Retirement. In 2020, Great-West announced it would acquire Personal Capital and MassMutual's recordkeeping business. In Europe, Great-West offers life insurance, annuities, and reinsurance primarily in the U.K., Ireland, and Germany.

Great-West Lifeco Headlines

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