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Investor Presentaiton

GREAT-WEST LIFECO 15 INVESTOR OVERVIEW Repositioned portfolio driving a shift in earnings mix Toward capital-light growth in workplace and wealth businesses Workplace Solutions $1.6B Insurance & Risk Solutions $1.3B 46% 39% 2022 Base Earnings Mix Higher growth targeted $3.3B¹ 15% Wealth & Asset Base Earnings 20% Management $0.5B $1.0B+ 2027 Base Earnings Mix² 30% 50% 1. 2022 base earnings exclude Putnam loss of C$55m. Base earnings is a non-GAAP financial measure. Additional information regarding this measure is incorporated by reference and can be found under "Non-GAAP Financial Measures and Ratios" in Lifeco's Q2 2023 MD&A, available for review on SEDAR+ at www.sedarplus.ca. 2. Estimated business mix based on higher targeted growth in Wealth & Asset Management and lower targeted growth in Insurance & Risk Solutions.
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