Great-West Lifeco Inc., trading on the OTCMKTS under the symbol GWLIF, is a Canadian-based financial services holding company. Headquartered in Winnipeg, Manitoba, it operates as a subsidiary of Power Financial Corporation and offers a broad range of insurance, retirement, and investment solutions. The company traces its heritage to the founding of Great-West Life Assurance Company in 1891 and was organized as a distinct holding entity in 2003 to oversee its growing global operations.
The firm’s primary lines of business include life, health and group insurance, as well as retirement savings products and employee benefit plans. Through its Canadian operations, it delivers term and whole life insurance, critical illness coverage, disability protection and group retirement plan administration. Its asset management arm provides mutual funds, segregated funds and wealth management services to individual and institutional clients.
In the United States, Great-West Lifeco conducts business under branded subsidiaries, including Putnam Investments, offering a suite of mutual funds and institutional asset management strategies. In Europe, the company serves policyholders across the United Kingdom, Ireland, Germany and Belgium through life and pensions businesses, providing tailored protection and savings products that comply with local regulatory frameworks.
Great-West Lifeco’s leadership team is anchored by President and Chief Executive Officer Paul R. Mahon, supported by a board of directors drawn from across the Power group. The company’s relationship with Power Financial Corporation and ultimately Power Corporation of Canada provides strategic oversight and access to shared resources, bolstering its capacity to innovate and expand in global insurance and wealth management markets.
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