Great-West Lifeco Inc. Overview
Pro stress-test →Great-West Lifeco Inc. engages in the life and health insurance, retirement savings, wealth and asset management, and reinsurance businesses in Canada, the United States, and Europe. The company offers its products under the Canada Life, Irish Life, and Empower brand names. With $3.3 trillion in total client assets and a market cap of $43.8B, Great-West is a top-tier international financial services provider.
Strategic Profile
Pro stress-test →All business segments delivered base earnings growth in line with or ahead of medium-term ambitions, supported by robust market positions and customer growth globally, with total client assets reaching $3.3 trillion, up 15% year-over-year. Strong demographic trends and global market expansion position the company for sustained growth in retirement and wealth management solutions, with digital transformation and capital-light business expansion set to drive efficiency and improved returns on equity.
Competitive Landscape
Pro stress-test →Great-West operates in the life and health insurance, retirement savings, wealth and asset management, and reinsurance sectors across North America and Europe. Key competitors include Sun Life Financial, Manulife Financial, and MetLife in life insurance and retirement segments, with regional players like Sagicor in specific markets.
Industry Context
Great-West Lifeco Inc. operates in Life Insurance, Retirement Solutions, and Wealth Management.
Key facts
Founded: 1979 · Headquarters: Winnipeg, Canada · Employees: 33,250 · Revenue: $23.6B · Market cap: $43.8B