Company
Great-West Lifeco Inc.
Headquarters: Winnipeg, MB, Canada
Founded: 1891
Employees: 28,000
CEO: Mr. Paul Anthony Mahon
Market Cap
C$44.01 Billion
CAD as of Jan. 1, 2025
US$30.60 Billion
Great-West Lifeco Inc. Categories
Canada Financials Insurance—LifeCanada Financials Canada Insurance—Life
Company Description
Great-West Lifeco is a financial holding corporation primarily engaged in insurance in the USA and Canada, Europe, and Asia. It offers a range of insurance products through its subsidiaries, The Great-West Life Assurance Company, Great-West Life & Annuities Financial Inc. Great-West Lifeco is also involved in insurance and other financial operations through other subsidiaries, including and London Life and Putnam Investments.
Top Competitors by Market Capitalization
Industry: Insurance—Life
| Company | Market Cap (USD) |
|---|---|
| China Life | $129.90 B |
| Ping An Insurance | $116.13 B |
| AIA Group | $75.39 B |
| MetLife, Inc. | $60.07 B |
| Aflac Incorporated | $58.04 B |
Sector:
| Company | Market Cap (USD) |
|---|---|
| Berkshire Hathaway | $991.39 B |
| JPMorgan | $744.02 B |
| Visa | $635.57 B |
| Mastercard | $490.32 B |
| Bank of America | $353.07 B |
Detailed Description
Great-West Lifeco Inc., a financial services holding company, engages in the life and health insurance, retirement and investment services, asset management, and reinsurance businesses in Canada, the United States, and Europe. The company offers a portfolio of financial and benefit plan solutions for individuals, families, businesses, and organizations; life, disability, critical illness, accidental death, dismemberment, health and dental protection, and creditor insurance products; and retirement savings and income, annuity, and other specialty products. It also provides employer-sponsored retirement savings plans, individual retirement and taxable brokerage accounts, enrollment services, communication materials, investment options, and education services; and fund management, investment, and advisory services. In addition, the company offers private-label recordkeeping and administrative services; and investment products, including equity, fixed income, absolute return, and alternative strategies. Further, it provides protection and wealth management products, including payout annuity products; pension products; and life, annuity/longevity, mortgage surety, and property catastrophe reinsurance products. The company offers its products under the Canada Life, Irish Life, Empower, Putnam Investments, and PanAgora brand names. It distributes its products through a network of advisors, dealers, brokers, managing general agencies, financial institutions, consultants, third-party administrators, sales force, financial planners, employee benefit consultants, banks, and multi-tied agents. The company was founded in 1891 and is based in Winnipeg, Canada. Great-West Lifeco Inc. is a subsidiary of Power Financial Corporation.
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Financials
| Last Financial Reports Date | Sept. 30, 2024 |
| Revenue TTM | C$33.31 B |
| EBITDA | C$8.77 B |
| Gross Profit TTM | C$0 |
| Profit Margin | 11.09% |
| Operating Margin | 15.24% |
| Quarterly Revenue Growth | 3.90% |
Stocks & Indices
Great-West Lifeco Inc. has the following listings and related stock indices.
Stock: TSX: GWO wb_incandescent
Stock: FSX: GWS wb_incandescent
Stock: OTC: GWLIF wb_incandescent
Stock: OTC: GWLOF wb_incandescent
Stock: TSX: GWO.PR.Y wb_incandescent
Key People
Founder(s): Jeffry Hall Brock
Paul A. Mahon (President & CEO) R. Jeffrey Orr (Chairman)