Investor Presentaiton

Efficient capital structure GREAT-WEST LIFECO INC. Senior Debentures Subordinated Debentures Preferred Shares Euro Senior Debt U.S. Senior Debt Short-term borrowings Capital Trust Securities Great-West Lifeco Inc. $1.9b $2.7b $1.5b $125m Lifeco Finance LP $900m Lifeco Finance 2018, LP $1,039m Canada $100m $159m The Great-West Life Assurance Company (LICAT) Europe (Solvency II) Great-West Life & Annuity Insurance Company (RBC) $226m $130m Putnam Investments LLC $242m Reinsurance U.K. Ireland Germany Note: As of June 30, 2019 in C$ 25 25

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