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Investor Presentaiton

GREAT-WEST LIFECO 12 12 INVESTOR OVERVIEW A long history of consistent and growing dividends Annual dividends per common share¹ '15-'22 CAGR 6.0% 1.23 1.23 1.30 1.38 1.47 1.56 1.65 1.75 1.80 1.96 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 6.3% 2022 dividend yield² 45% -55% Target dividend payout ratio (base)³ Base³ Net4 56.7% 56.7% 2022 dividend payout ratio Quarterly dividends per share increased 6% from $0.49 to $0.52 in Q1 2023 Footnotes 1, 2, and 4: Refer to slide 27 3. Target dividend payout ratio (base) is a non-GAAP ratio calculated using base earnings, a non-GAAP financial measure. These ratios/measures do not have standardized meanings under GAAP and might not be comparable to similar financial measures disclosed by other issuers. Additional information on these ratios/measures is incorporated by reference and can be found under "Non-GAAP Financial Measures and Ratios" in our Q2 2023 MD&A, which can be accessed on SEDAR+ at www.sedarplus.ca
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