Investor Presentaiton
Leadership Position Across Operating Segments
+ CANADA
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•
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45%
Of Base Earnings 1,2
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10
A leader for insurance and
wealth management products
and services in Canada
#1 in individual life insurance4
#2 in segregated funds³
#2 group life and health4; #3
in group retirement
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U.S.
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Multiple, complementary and
diverse distribution channels
10%
Of Base Earnings 1,2
Empower: #2 defined
contribution record keeper in
the U.S.5; AUA² of US$958B6
and 12M plan participants
With Empower's acquisition of
MassMutual's retirement
services business, the U.S.
segment is expected to be
20%+ of Lifeco's earnings
Putnam: Globally diversified
asset management platform
with AUM² of US$192B6
11:
EUROPE
26%
Of Base Earnings 1,2
U.K.: Market leader in group
risk and strong position in
payout annuities
Ireland: Irish Life is Ireland's
largest life assurance company;
Irish Life Investment Managers
(ILIM) is one of Ireland's largest
fund managers
Germany: Fast growing
position in unit-linked broker
market
Irish Life
canada life
CAPITAL & RISK SOLUTIONS
20%
Of Base Earnings 1,2
Top 10 global reinsurer
Top two reinsurers in the
U.S. for structured life
reinsurance
Leading provider in the
evolving European structured
life reinsurance market
Leading provider of U.K. and
other European annuity/
longevity reinsurance
Canada Life™
Reinsurance
canada life
EMPOWER
44 Putnam
INVESTMENTS
RETIREMENT
1. Base earnings for the year ended December 31, 2020. Net earnings of $2.9B
2.
234
A non-IFRS measure; refer to the discussion of this measure in the Company's 2020 Annual MD&A.
3. Strategic Insights (Investor Economics), full year 2020 results
4.
LIMRA, 2020 results
5. By total assets and total participants, Pensions & Investments 2020 Defined Contribution Survey Ranking as of April 2020
As of December 31, 2020
559
6.
7.
Based on the U.S. segment as a percentage of base earnings in 2019 and including earnings accretion estimates disclosed when
the transaction was announced
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