Power Corporation of Canada is a prominent holding company that operates primarily in the financial services sector across North America, Europe, and Asia. The company's business model revolves around capital allocation and managing its portfolio of financial franchises. Its largest and most significant holding is a controlling interest in Great-West Lifeco, an international financial services company that provides life and health insurance, retirement services, and asset management. Power Corporation also holds a controlling stake in IGM Financial, one of Canada's leading non-bank wealth and asset management firms. Together, these two subsidiaries drive the vast majority of the company's consolidated revenue and earnings, with Great-West Lifeco's insurance premiums and investment income accounting for the dominant share.
Beyond its core public subsidiaries, Power Corporation operates alternative asset management platforms, including Sagard and Power Sustainable, which invest in private equity, private credit, venture capital, and renewable energy infrastructure. The company also maintains a significant minority interest in Groupe Bruxelles Lambert (GBL), a major European investment holding company with a diversified portfolio of global brands. While structured as a holding company, Power Corporation's consolidated financial profile is heavily weighted toward life insurance and wealth management, supported by a growing presence in alternative investments and fintech initiatives like its controlling stake in Wealthsimple.
