Investor Presentaiton

GREAT-WEST LIFECO 20 20 INVESTOR OVERVIEW Efficient capital structure Carrying values as at June 30, 2023, unless otherwise noted, C$m The Canada Life Assurance Company (LICAT) Subordinated Debentures $100m Capital Trust Securities $156m Lifeco Finance (Delaware) LP U.S. Senior Debt $909m GREAT-WEST LIFECO INC. Lifeco Finance 2018, LP U.S. Senior Debt $1,048m Senior Debentures $2.5b Lifeco U.S. Finance 2020, LP Preferred Shares $2.7b U.S. Senior Debt $658m Euro Senior Debt $1.4b Subordinated LRCN $1.5b Empower Finance 2020, LP U.S. Senior Debt $1,966m Great-West Lifeco U.S. LLC Short-term borrowings $264m Germany Canada Capital & Risk Solutions Europe (Solvency II) Ireland Empower Annuity Insurance Company of America¹ (RBC) Putnam Investments LLC Short-term borrowings $132m Short-term borrowings U.K. 1. Great-West Life & Annuity Insurance Company renamed to Empower Annuity Insurance Company of America effective August 1, 2022 $0m

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