Power Corporation of Canada - Company Profile
Powered by 
All the sales intelligence you need on Power Corporation of Canada in one solution.
- Save hours of research time with a comprehensive
Sales Intelligence Solution.
- Understand how Power Corporation of Canada fits into your total
addressable market and Ideal Customer Profile.
- Gain competitive edge with triggers that tell you
when and how to engage with Power Corporation of Canada.
Get in touch about GlobalData Company reports
Contact the team or request a demo to find out how our data can drive your business forward
Power Corporation of Canada (Power Corporation) is an international management and holding company focusing on financial services. The company's main activities include managing and holding interests in insurance, retirement, wealth management, and investment businesses. Its major products and services encompass life insurance, health insurance, retirement and investment services, asset management, and reinsurance. The company's products and services cater to individual and institutional clients, supporting advisors and investors globally. Power Corporation operates through a network of investments and partnerships, including a controlling interest in GBL, a Belgian investment holding company. Its geographic locations and target markets span Canada, the US, and also has presence in Europe. Power Corporation is headquartered in Montreal, Quebec, Canada.
Headquarters
Canada
Address
751 Victoria Square, Montreal, Quebec, H2Y2J3
Website
www.powercorporation.com/en
Telephone
1 514 2867400
No of Employees
41,200
Industry
Financial Services
Ticker Symbol & Exchange
POW (TSE)
Revenue (2024)
$26.9B
6.7%
(2024 vs 2023)
EPS
XYZ
Net Income (2024)
XYZ
-6%
(2024 vs 2023)
Market Cap*
$37.7B
Net Profit Margin (2024)
XYZ
-12.0%
(2024 vs 2023)
* As of and is in US$
Power Corporation of Canada premium industry data and analytics
Products and Services
| Products | Services | Brands |
|---|---|---|
| Life Insurance | Client Services | IGM Financial |
| Reinsurance | Administrative and Recordkeeping Services for Financial Institutions | Canada Life |
| Mutual Funds | Enrolment Services | Empower |
| XYZ | XYZ | XYZ |
| 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 |
|---|---|---|
| 2026 | Financing Agreements | In May, the company along with Great West Lifeco Inc and IGM Financial Inc invested US$150 million in Sagard AI Fund LP. |
| 2024 | Contracts/Agreements | In May, the company's subsidiary Great-West Lifeco entered into a partnership with Power Sustainable Manager Inc to boost growth and expand presence in sustainable private equity and infrastructure. |
| 2023 | Acquisitions/Mergers/Takeovers | In November, Lifeco acquired IPC, a wealth management firm from IGM. |
Competitor Comparison
| Key Parameters | Power Corporation of Canada | MetLife Inc | Prudential Financial Inc | Manulife Financial Corp | Sun Life Financial Inc |
|---|---|---|---|---|---|
| Headquarters | Canada | United States of America | United States of America | Canada | Canada |
| City | Montreal | New York | Newark | Toronto | Toronto |
| State/Province | Quebec | New York | New Jersey | Ontario | Ontario |
| No. of Employees | 41,200 | 46,000 | 36,824 | 37,000 | 68,800 |
| Entity Type | Public | Public | Public | Public | Public |
Key Financial Charts
Sales Growth
Net Income Growth
Executives
| Name | Position | Board | Since | Age |
|---|---|---|---|---|
| Paul Desmarais, Jr. | Chairman | Executive Board | 1996 | 71 |
| James O'Sullivan | Chief Executive Officer; Director; President | Executive Board | 2026 | 63 |
| Andre Desmarais | Deputy Chairman | Executive Board | 2008 | 69 |
| Jake Lawrence | Chief Financial Officer; Executive Vice President | Senior Management | 2024 | - |
| Claude Genereux | Executive Vice President | Senior Management | 2015 | - |
| Non Dignissim Eros | Proin vel | Convallis | 2026 | XY |
| Non Dignissim Eros | Proin vel | Convallis | 2026 | XY |
| Non Dignissim Eros | Proin vel | Convallis | 2026 | XY |
Still looking?
Have you found what you were looking for? From start-ups to market leaders, uncover what they do and how they do it.
Explorer
Access more premium companies when you subscribe to Explorer