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Investor Presentaiton

Strong capital position Regulatory Capital Ratios OSFI Minimum 90% OSFI Supervisory Target 100% GWL Target Range 110% - 120% GWL Ratio 136% GREAT-WEST LIFECO INC. GWL LICAT Ratio Total Regulatory Capital Available Regulatory Required Capital $26.5 Billion $19.5 Billion 136% GWL's consolidated LICAT ratio is 136% GWL's LICAT ratio is above our internal target range of 110% - 120% The Company intends to operate toward the high end of its internal target range Lifeco cash of $0.3 billion is not included in the LICAT ratio Note: As of June 30, 2019 1. The Great-West Life Assurance Company 23
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