Investor Presentaiton

GREAT-WEST LIFECO 4 INVESTOR OVERVIEW Great-West Lifeco at-a-glance A global financial services holding company with interests in life insurance, health insurance, retirement and investment services, asset management and reinsurance businesses. Key Metrics In $B, unless otherwise noted Financial Strength Ratings³, Regulatory Capital and Liquidity 6 Months Ended 12 Months Ended June 30, 2023 December 31, 2022 Net earnings Base earnings¹ ROE² 1.1 3.6 As at June 30, 2023 1.7 3.3 S&P Global Ratings AA 11.7% 17.2% Base ROE¹ 15.9% 15.8% Dividends paid per share 1.04 1.96 Moody's Investors Service Aa3 Book value per share² $23.22 $23.28 Corporate Structure5 68.2% GREAT-WEST DBRS Morningstar canada life Irish Life Fitch Ratings P POWER CORPORATION OF CANADA LIFECOINC. IgM 62.1% EMPOWER 44 Putnam INVESTMENTS WEALTH IG MANAGEMENT 6 MACKENZIE Investments 7 Investment Planning Counsel® FINANCIAL SOLUTIONS FOR LIFE AA AA AM Best Company A+ LICAT Ratio4 Cash at Holding Company Level ($B) 126% 0.5 1. This metric is a non-GAAP financial measure or ratio. Additional information regarding this metric has been incorporated by reference and can be found in the Non-GAAP Financial Measures and Ratios section of the Company's Q2 2023 MD&A, available for review on SEDAR+ at www.sedarplus.ca Footnotes 2 - 7: Refer to slide 27

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