Great-West Lifeco Inc. (GWO-PN.TO)

13.25 -0.14 (-1.05%) At close: 02:44PM EST

Great-West Lifeco Inc.

100 Osborne Street North
Winnipeg, MB R3C 1V3
Canada
204 946 1190
https://www.greatwestlifeco.com

Sector(s): Financial Services
Industry: Insurance - Life
Full Time Employees: 31,000

Key Executives

Name	Title	Pay	Exercised	Year Born
Mr. Paul Anthony Mahon	President, CEO & Director	4.12M	1.51M	1964
Mr. Garry MacNicholas	Executive VP & CFO	1.36M	N/A	N/A
Mr. Raman Srivastava CFA	Executive VP & Global Chief Investment Officer	2.01M	N/A	N/A
Mr. Arshil Jamal	President & Group Head of Strategy, Investments, Reinsurance and Corporate Development	1.51M	1.23M	N/A
Mr. Edmund Francis Murphy III	President & CEO of Empower Retirement	9.12M	N/A	1962
Mr. Gordon Patrick Menzie	Senior Vice-President of Corporate Finance & Treasury	N/A	N/A	N/A
Mr. Steven Rullo	Executive VP & Global Chief Information Officer	N/A	N/A	N/A
Ms. Sharon C. Geraghty	Executive VP & General Counsel	1.05M	N/A	N/A
Mr. David Simmonds	Senior VP and Chief Communications & Sustainability Officer	N/A	N/A	N/A
Ms. Grace M. Palombo	Executive VP & Chief HR Officer	N/A	N/A	1964

Amounts are as of December 31, 2022 and compensation values are for the last fiscal year ending on that date. Pay is salary, bonuses, etc. Exercised is the value of options exercised during the fiscal year. Currency in CAD.

Description

Great-West Lifeco Inc. engages in the life and health insurance, retirement and investment services, asset management, and reinsurance businesses in Canada, the United States, and Europe. The company offers life, accidental death and dismemberment, disability, critical illness, health and dental protection, and creditor insurance products; and retirement and wealth savings, income and annuity products, and other specialty products to individuals, families, businesses, and organizations. It also provides individual product solutions and employer-sponsored retirement savings plans that offers saving, investment, and advisory services; wealth and investment management, and related administrative function and distribution services; and investment products, including equity, fixed-income, absolute return and alternative strategies, hedge fund and other alternative strategies, model-based separately managed accounts, and model portfolios. In addition, the company offers bulk and individual payout annuities, equity release mortgages, life bonds, and retirement drawdown and pension products; savings and investments; and provides asset management services for pension schemes, insurance companies, wealth managers, fiduciary managers, and sovereign wealth funds, as well as third-party institutional clients. Further, it provides life, health, annuity/longevity, mortgage surety, and property catastrophe reinsurance products. The company offers its products under the Canada Life, Irish Life, Empower, Putnam Investments, and PanAgora brand names. It distributes its products through a network of sales force, brokers, consultants, advisors, third-party administrators, financial institutions, dealers, managing general agencies, financial planners, employee benefit consultants, banks, and multi-tied agents. The company was founded in 1891 and is based in Winnipeg, Canada. Great-West Lifeco Inc. operates as a subsidiary of Power Financial Corporation.

Corporate Governance

Great-West Lifeco Inc.’s ISS Governance QualityScore as of December 1, 2023 is 10. The pillar scores are Audit: 7; Board: 10; Shareholder Rights: 10; Compensation: 6.

Corporate governance scores courtesy of Institutional Shareholder Services (ISS). Scores indicate decile rank relative to index or region. A decile score of 1 indicates lower governance risk, while a 10 indicates higher governance risk.