Investor Presentaiton

Efficient Capital Structure Lifeco Finance LP U.S. Senior Debt $874m GREAT-WEST LIFECO INC. Lifeco Finance 2018, LP U.S. Senior Debt $1,007m Senior Debentures $2.5b Lifeco U.S. Finance 2020, LP Preferred Shares $2.7b U.S. Senior Debt $631m Euro Senior Debt $1.5b U.S. Senior Debt Empower Finance 2020, LP $1,889m Great-West Life & Annuity Putnam Investments LLC Insurance Company $635m Short-term borrowings $125m Short-term borrowings $210m The Canada Life Assurance Company (LICAT) Great-West Lifeco U.S. LLC (RBC) Subordinated $100m Short-term borrowings Debentures Capital Trust Securities $158m Germany Capital & Risk Canada Solutions Europe (Solvency II) Ireland As at December 31, 2020, C$ U.K. 23

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