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

Toronto - Toronto Real Time Price. Currency in CAD

Great-West Lifeco Inc.

100 Osborne Street North
Winnipeg, MB R3C 1V3

Sector(s)Financial Services
Full Time Employees31,000

Key Executives

NameTitlePayExercisedYear Born
Mr. Paul Anthony MahonPres, CEO & Director4.12M1.51M1964
Mr. Garry MacNicholasExec. VP & CFO1.36MN/AN/A
Mr. Raman Srivastava CFAExec. VP & Global Chief Investment Officer2.01MN/AN/A
Mr. Arshil JamalPres & Group Head of Strategy, Investments, Reinsurance and Corp. Devel.1.51M1.23MN/A
Mr. Edmund Francis Murphy IIIPres & CEO of Empower Retirement9.12MN/A1962
Mr. Gordon Patrick MenzieSr. Vice-Pres of Corp. Fin. & TreasuryN/AN/AN/A
Ms. Sharon C. GeraghtyExec. VP & Gen. CounselN/AN/AN/A
Mr. David SimmondsSr. VP and Chief Communications & Sustainability OfficerN/AN/AN/A
Ms. Grace M. PalomboExec. VP & Chief HR OfficerN/AN/A1964
Ms. Nancy Denise RussellSr. VP & Chief Internal AuditorN/AN/AN/A
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.


Great-West Lifeco Inc., a financial service holding company, 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. is a subsidiary of Power Financial Corporation.

Corporate Governance

Great-West Lifeco Inc.’s ISS Governance QualityScore as of June 1, 2023 is 10. The pillar scores are Audit: 6; 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.