Investor Presentaiton
Great-West Lifeco At A Glance
•
Great-West Lifeco ("Lifeco") is a
global financial services holding
company with interests in life
insurance, health insurance,
retirement and investment services,
asset management and reinsurance
-
Operations in Canada, Europe
and the United States
Financial strength ratings of AA
by S&P and Aa3 by Moody's 1
Net Earnings of $2.9B for the year
ended December 31, 2020
Assets under administration² of
~$2.0T as of December 31, 2020
Member of the Power Corporation
group of companies
Strong governance and oversight
through board representation
Collaboration with IGM and
fintech collaboration through
Portag3
Key Performance Metrics
In $B, unless otherwise noted
Net Earnings
Base Earnings²
ROE²
Financial Strength Ratings, Regulatory Capital and Liquidity
AA
12 Months Ended
December 31, 2020
12 Months Ended
December 31, 2019
As at
December 31, 2020
December 31, 2019
2.9
2.4
2.7
14.1%
2.7
11.7%
S&P Global Ratings¹
AA
Base ROE²
12.8%
13.4%
Sales²
178
208
AUM²
951
772
AUA²
Moody's¹
1,976
1,630
Book Value Per Share
$22.97
$21.53
Corporate Structure5
Aa3
Aa3
LICAT³
129%
135%
canada life
Irish Life
66.8%
GREAT-WEST
LIFECO INC.
EMPOWER
RETIREMENT
RBC4
POWER CORPORATION
OF CANADA
62.1%
IgM
Financial"
44 Putnam
IG
INVESTMENTS
WEALTH
MANAGEMENT
MACKENZIE
Investments
484%
662%
Cash at Lifeco
Holding Company
Level ($B)
0.9
0.7
.
1.
Financial strength ratings for The Canada Life Assurance Company
2.
A non-IFRS measure; refer to the discussion of this measure in the Company's 2020 Annual MD&A.
Investment
Planning Counsel"
FINANCIAL SOLUTIONS FOR LIFE
3.
345
5.
LICAT ratios for The Canada Life Assurance Company
Risk-Based Capital (RBC) ratio for Great-West Life & Annuity Insurance Company;
Corporate structure as at December 31, 2020
5
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