Investor Presentaiton
Empower's Acquisition of MassMutual's Retirement Services Business
Consolidates
Empower's
leadership
position in the
U.S. retirement
industry and
creates
meaningful
value
Strengthens Empower's #2 position in the growing U.S. retirement industry
Establishes a clear #1 leadership position in highly attractive small-medium corporate
market segment
Presents meaningful expense and revenue synergy opportunities leveraging
Empower's proven track record of platform integrations
ā Increases synergy potential of Personal Capital across a larger combined business
Increases scale advantages and capitalizes on expertise, technology excellence and
deep product capabilities within the Empower platform
Highly cash generative transaction that positions Empower as a significant contributor
to Great-West Lifeco's earnings profile and growth
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