USX:GWLIF - Great-West Lifeco Inc Great-West Lifeco Inc
Sector: Financials, Industry: Life & Health Insurance
Next Earnings: 2 May 2024
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USD 31.99    +0.39 (+1.23%)

28 Mar 2024


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General

CEO: Mr. Paul Anthony Mahon

Headquarters: US

Employees: 31,000

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Description

Great-West Lifeco provides life insurance, health insurance, retirement products, asset management, recordkeeping services, and reinsurance products in Canada, the United States, and Europe. The Canada business contributes approximately 31% of adjusted earnings and has leading market positions in group insurance, group retirement, and individual insurance. The company operates the second-largest recordkeeping business under the Empower brand in the United States, with an earnings contribution from the country approximating 26%. Great-West Lifeco also offers various products across Europe markets with a strong presence in the UK, Ireland, and Germany. The Europe segment contributed around 21% of adjusted earnings and the reinsurance business accounts for around 22% of adjusted earnings.

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