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Great-West Lifeco 
Insurance and reinsurance / Insurance and Financial Services
At a Glance | Core Facts | Company Due Diligence | Industry Due Diligence | Competitors | Stock Swings | News | Income | Balance | Cash Flow | Growth | Enterprise | Ratios | Metrics | Dividends | Risks | SWOT | Porter's Five Forces | PEST | Score Positive | Clusters | Reports | WebOverview
Great-West Lifeco is a leading Canadian financial services company that offers a wide range of insurance, retirement, and investment products. The company was founded in 1891 and is based in Winnipeg, Manitoba. It is a subsidiary of Power Corporation of Canada. Great-West Lifeco has operations in Canada, the United States, Europe, and Asia. It is one of the largest life and health insurance companies in Canada and a major player in the North American retirement and investment market. The company's mission is to help customers achieve financial security and peace of mind through innovative solutions and excellent customer service. Great-West Lifeco is committed to community involvement and has a strong focus on corporate social responsibility. It has been recognized for its commitment to diversity and inclusion, environmental sustainability, and ethical business practices. Great-West Lifeco's brands include Great-West Life, Canada Life, and London Life.
What is special about the company?
Great-West Lifeco is a leading Canadian financial services company that provides a wide range of wealth management, insurance, and retirement solutions to individuals and organizations. They have a long history of financial stability and strong customer relationships, dating back to 1891.
One of the key factors that sets Great-West Lifeco apart is their diversified business model. They operate through a network of subsidiary companies, including Great-West Life, London Life, Canada Life, and Empower Retirement. Each of these companies has a specific focus and expertise, allowing them to serve a diverse range of clients and markets.
Great-West Lifeco is also committed to innovation and technology, constantly adapting and evolving to meet the changing needs of their customers. They have a strong focus on digital solutions and have invested heavily in technology to enhance their products and services.
In addition, Great-West Lifeco is known for their strong corporate social responsibility initiatives. They have a long history of supporting communities and charitable organizations through their philanthropic efforts, including their annual United Way campaign and support for mental health initiatives.
Overall, Great-West Lifeco's commitment to diversification, innovation, and social responsibility makes them stand out in the financial services industry.
One of the key factors that sets Great-West Lifeco apart is their diversified business model. They operate through a network of subsidiary companies, including Great-West Life, London Life, Canada Life, and Empower Retirement. Each of these companies has a specific focus and expertise, allowing them to serve a diverse range of clients and markets.
Great-West Lifeco is also committed to innovation and technology, constantly adapting and evolving to meet the changing needs of their customers. They have a strong focus on digital solutions and have invested heavily in technology to enhance their products and services.
In addition, Great-West Lifeco is known for their strong corporate social responsibility initiatives. They have a long history of supporting communities and charitable organizations through their philanthropic efforts, including their annual United Way campaign and support for mental health initiatives.
Overall, Great-West Lifeco's commitment to diversification, innovation, and social responsibility makes them stand out in the financial services industry.
What the company's business model?
Great-West Lifeco is a financial services holding company that operates primarily through its subsidiaries including Great-West Life, London Life, and Canada Life. The company provides life insurance, health insurance, retirement and investment products, and wealth management services to individuals and businesses in Canada and the United States. The business model of Great-West Lifeco is focused on managing and growing its various subsidiary companies and brands, while also diversifying its products and services to meet the changing needs of customers. The company leverages its strong financial position and expertise in the insurance and investment industry to provide tailored solutions to its clients, with a focus on long-term financial security and growth. Great-West Lifeco also maintains a conservative investment strategy to ensure the financial stability of its operations and protect the interests of its policyholders.
Interesting facts about the company
1. Great-West Lifeco is a leading financial services holding company in Canada, with operations in Canada, the United States, and Europe.
2. It was founded in 1891 as The Great-West Life Assurance Company and was originally headquartered in Winnipeg, Manitoba.
3. In 2003, Great-West Lifeco merged with London Life Insurance Company and the Canada Life Assurance Company to form a larger, more diversified company.
4. Great-West Lifeco has over 30,000 employees and serves over 13 million customers worldwide.
5. The company offers a variety of financial products including life insurance, health insurance, retirement and investment services, and more.
6. In addition to its operations in Canada, the United States, and Europe, Great-West Lifeco also has a presence in Asia through its subsidiary, Great-West Life & Annuity Insurance Company.
7. Great-West Lifeco is a subsidiary of Power Corporation of Canada, a global diversified management and holding company.
8. The company has a strong commitment to corporate social responsibility and has been recognized for its efforts in environmental sustainability, community involvement, and diversity and inclusion.
9. Great-West Lifeco has been listed on the Toronto Stock Exchange since 1927 and is a component of the S&P/TSX 60 index.
10. In 2020, Great-West Lifeco announced a new corporate strategy focused on driving growth, efficiency, and customer centricity, as well as expanding its digital capabilities and sustainability practices.
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2. It was founded in 1891 as The Great-West Life Assurance Company and was originally headquartered in Winnipeg, Manitoba.
3. In 2003, Great-West Lifeco merged with London Life Insurance Company and the Canada Life Assurance Company to form a larger, more diversified company.
4. Great-West Lifeco has over 30,000 employees and serves over 13 million customers worldwide.
5. The company offers a variety of financial products including life insurance, health insurance, retirement and investment services, and more.
6. In addition to its operations in Canada, the United States, and Europe, Great-West Lifeco also has a presence in Asia through its subsidiary, Great-West Life & Annuity Insurance Company.
7. Great-West Lifeco is a subsidiary of Power Corporation of Canada, a global diversified management and holding company.
8. The company has a strong commitment to corporate social responsibility and has been recognized for its efforts in environmental sustainability, community involvement, and diversity and inclusion.
9. Great-West Lifeco has been listed on the Toronto Stock Exchange since 1927 and is a component of the S&P/TSX 60 index.
10. In 2020, Great-West Lifeco announced a new corporate strategy focused on driving growth, efficiency, and customer centricity, as well as expanding its digital capabilities and sustainability practices.
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