Investor Presentaiton

GREAT-WEST LIFECO 25 CRS Canada Life™ Reinsurance Capital and Risk Solutions Our Business Operations in the U.S., Ireland, Barbados and Bermuda and includes both reinsurance and retrocession business transacted directly with clients or through reinsurance brokers Products include traditional and structured life, annuity/longevity, mortgage and surety and property catastrophe reinsurance Lifeco also uses Internal reinsurance transactions between companies to better manage insurance risks and facilitate capital management Highlights CRS continues to pursue international expansion in select new markets while continuing to focus on core markets and product expansion in Europe and the U.S. Key Metrics $0.6B/$0.5B 43%/39% annual base earnings/ net earnings¹ base ROE / net ROE¹ Base Earnings by Value Drivers Insurance & Risk Solutions 100% $0.6B1 Base Earnings In 2022, we expanded our reinsurance business in Asia and collaborated with an Israeli company to develop the first mortgage reinsurance product in Israel. We completed a structured mortality transaction in Indonesia our first transaction in the Indonesian market. Under the agreement, Canada Life Reinsurance provides protection against adverse mortality experience on a portfolio of credit life business. 1. Base earnings is a non-GAAP financial measure and Base ROE is a non-GAAP financial ratio calculated using base earnings. Additional information regarding these measures/ratios 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. Data as of 12/31/22. Financial results on an IFRS 17 basis

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