Great-West Lifeco Inc.
GRWTF
Other OTC15.00
USD
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Great-West Lifeco Inc.
GRWTF
(Other OTC)
Recent
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15.00
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yld
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ROIC.AI
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- Business
- Great-West Lifeco Inc. is a Canadian financial services holding company primarily engaged in life and health insurance, retirement savings, wealth and asset management, and reinsurance businesses. The company operates internationally, with a concentrated presence in Canada, the United States, and Europe through its principal subsidiaries including Canada Life Assurance Company, Empower Retirement, Irish Life, and Great-West Life & Annuity. These subsidiaries collectively offer a broad suite of products such as individual and group life insurance, disability, critical illness, creditor insurance, group benefits, annuities, segregated funds, pension solutions, wealth management, and investment products. Great-West Lifeco also provides workplace benefits and recordkeeping services, notably operating the second-largest retirement plan recordkeeping business in the U.S. under the Empower brand. Its European operations mainly cover the UK, Ireland, Germany, and the Isle of Man, with region-specific insurance and savings solutions. Founded in 1891 and headquartered in Winnipeg, Manitoba, Canada, Great-West Lifeco is controlled by Power Corporation of Canada, with a significant stake held by the Desmarais family. The company reported record earnings momentum in 2024, surpassing previous medium-term financial objectives with a base return on equity of 17.5% and base earnings per share growth of 14%. In 2025, Great-West Lifeco updated its financial ambitions, raising its medium-term base ROE target to over 19% and introducing a base capital generation target of 80% or greater. Strategic priorities include continued portfolio repositioning toward wealth and retirement solutions, technology modernization with investments of $250 million to $300 million projected over three years to enhance digital capabilities and automation, and a disciplined approach to capital management. In June 2025, the company announced plans to cease new business within its Capital and Risk Solutions segment as part of this strategic transformation. Additionally, Great-West Lifeco maintains strong capital positions and liquidity, supporting its growth and operational flexibility. The company’s recent major operational moves include the amalgamation and rebranding of its Canadian insurance operations under The Canada Life Assurance Company, completed in 2020, consolidating several legacy brands. It continues to focus on expanding its retirement, wealth, group benefits, and insurance offerings across its geographic markets, supported by its extensive network of brokers, institutional partners, and direct channels. The company also benefits from its diversified geographic footprint and business mix, serving individual, employer-sponsored, and institutional clients with tailored products to meet evolving market demands. Great-West Lifeco operates through the following key subsidiaries and segments: Canada Life Assurance Company, offering broad insurance and wealth management products largely across Canada and Europe; Empower Retirement, delivering retirement plan recordkeeping and related services in the United States; Irish Life, focused on life assurance, pension, and investment products in Ireland; and Great-West Life & Annuities in the U.S., offering life insurance and retirement benefits. The company's reinsurance operations provide specialty risk and capital management solutions in markets including the U.S., Ireland, Bermuda, and Barbados. This diversified structure supports its position as one of Canada’s leading insurers and a growing international financial services provider. Overall, Great-West Lifeco Inc. is positioned as a top-tier North American and European insurance group with substantial scale in retirement and wealth management services, underwriting of life and health risks, and a disciplined strategy to enhance profitability and shareholder value through focused operational improvements, market expansion, and technology investments. Its footprint spans Canada, the U.S., the UK, Ireland, Germany, and select other markets, reflecting a comprehensive platform of financial protection and asset growth products tailored to individuals, employers, and institutions. Great-West Lifeco combines strong capital metrics with sustained earnings growth and strategic agility in a competitive global insurance and financial services marketplace.
Great-West Lifeco Inc. (GWO:CA) Shareholder/Analyst Call Transcript
Great-West Lifeco Inc. (GWO:CA) Q1 2026 Earnings Call Transcript
Great-West Lifeco Inc. (GWO:CA) Presents at 24th Annual Financial Services Conference Transcript
Great-West Lifeco Inc. (GWO:CA) Discusses Leadership Transition and Perspectives on M&A Strategy Transcript
Great-West Lifeco Inc. (GWO:CA) Q4 2025 Earnings Call Transcript
Great-West Lifeco: Rewarded For Its Strong Results
Great-West Lifeco Inc. (GWO:CA) Q3 2025 Earnings Call Transcript
Great-West Lifeco announces offering of Series Z Preferred Shares
Great-West Lifeco Inc. (GWO:CA) Presents At Barclays 23rd Annual Global Financial Services Conference Transcript
Great-West Lifeco Inc. (GWLIF) Q2 2025 Earnings Call Transcript