Great-West Lifeco Inc. is a leading international financial services holding company that provides a comprehensive suite of life and health insurance, retirement, and investment services. The company operates through four main geographic and business segments: Canada, the United States, Europe, and Capital and Risk Solutions. In Canada and Europe, it operates primarily under the Canada Life and Irish Life brands, offering individual and group life insurance, disability coverage, and wealth management products. In the United States, its Empower brand is a major provider of employer-sponsored retirement savings plans and wealth management services. The Capital and Risk Solutions segment provides reinsurance products globally. Revenue is primarily generated through insurance premiums, fee income from asset and wealth management, and net investment income. The company's business model benefits from a diversified geographic footprint, with significant earnings contributions from both its North American and European operations. Great-West Lifeco's competitive position is bolstered by its massive scale, managing over $3.3 trillion in client assets, and its status as a subsidiary of Power Financial Corporation. The company's strategic focus includes expanding its capital-light wealth management and retirement businesses, particularly through Empower in the U.S., while maintaining a strong presence in traditional life and health insurance markets.
