Great-West Lifeco Inc - Company Profile
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Great-West Lifeco Inc (Great-West), a subsidiary of Power Financial Corporation, is a financial service holding company. It offers insurance products for term life, universal life, group life, health, critical illness, disability, dental, and accident. It also offers employer-sponsored defined contribution plans, administrative and record-keeping services, fund management, investment and advisory services, individual retirement accounts, residential mortgages, and banking products. It offers asset management, retirement and investment services, annuities, and reinsurance. The company operates through its subsidiaries, including The Canada Life Assurance Company, Great-West Life and Annuity Insurance Company, and Putnam Investments, LLC, in Canada, the US, and Europe. Great-West is headquartered in Winnipeg, Manitoba, Canada.
Great-West Lifeco Inc premium industry data and analytics
Products and Services
Products | Services |
---|---|
Individual Life Insurance | Group Retirement and Investment Services |
Universal Life | Investment Management Services |
Participating Life | Fund Management, Investment and Advisory Services |
XYZ | XYZ |
XYZ | XYZ |
XYZ | XYZ |
History
History section provides information on new products, mergers, acquisitions, expansions, approvals, and many more key events.
Year | Event | Description |
---|---|---|
2023 | Contracts/Agreements | In August, the company's joint venture AIB Life and Tata Consultancy Services formed collaboration to launch its operation in Ireland. |
2023 | Contracts/Agreements | In July, the company entered into an agreement to acquire a minority stake in Sagard. |
2023 | Contracts/Agreements | In June, the company and AIB formed a joint venture called AIB Life. |
Competitor Comparison
Key Parameters | Great-West Lifeco Inc | MetLife Inc | Aviva Plc | Manulife Financial Corp | Sun Life Financial Inc |
---|---|---|---|---|---|
Headquarters | Canada | United States of America | United Kingdom | Canada | Canada |
City | Winnipeg | New York | London | Toronto | Toronto |
State/Province | Manitoba | New York | England | Ontario | Ontario |
No. of Employees | 33,500 | 45,000 | 26,382 | 38,000 | 30,941 |
Entity Type | Public | Public | Public | Public | Public |
Key Financial Charts
Sales Growth
Net Income Growth
Executives
Name | Position | Board | Since | Age |
---|---|---|---|---|
R. Jeffrey Orr | Chairman | Executive Board | 2013 | - |
Paul A. Mahon | Director; President; Chief Executive Officer | Executive Board | 2013 | - |
Dervla M. Tomlin | Executive Vice President; Chief Risk Officer | Senior Management | 2023 | - |
Arshil Jamal | President - Strategy, Investments, Reinsurance and Corporate Development; Head - Strategy, Investments, Reinsurance and Corporate Development | Senior Management | 2020 | - |
David B. Simmonds | Chief Communications and Sustainability Officer; Senior Vice President | Senior Management | 2021 | - |
Non Dignissim Eros | Proin vel | Convallis | 2024 | XY |
Non Dignissim Eros | Proin vel | Convallis | 2024 | XY |
Non Dignissim Eros | Proin vel | Convallis | 2024 | XY |
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