Great-West Lifeco Inc. (GWLIF)

26.27 +0.39 (+1.51%) At close: 03:29PM EST

Great-West Lifeco Inc.

100 Osborne Street North
Winnipeg, MB R3C 1V3
Canada

https://www.greatwestlifeco.com

Sector(s): Financial Services
Industry: Insurance—Life
Full Time Employees: 28,000

Key Executives

Name	Title	Pay	Exercised	Year Born
Mr. Paul Anthony Mahon	Pres, CEO & Director	3.37M	230.56k	1964
Mr. Garry MacNicholas	Exec. VP & CFO	1.05M	350.3k	N/A
Mr. Raman Srivastava CFA	Exec. VP & Global Chief Investment Officer	1.28M	N/A	N/A
Mr. Arshil Jamal	Pres & Group Head of Strategy, Investments, Reinsurance and Corp. Devel.	1.11M	48.22k	N/A
Mr. Jeffrey F. Macoun	Pres & COO for Canada	1.02M	123.37k	N/A
Mr. Edmund Francis Murphy III	Pres & CEO of Empower Retirement	5.13M	N/A	1962
Mr. Gordon Patrick Menzie	Sr. Vice-Pres of Corp. Fin. & Treasury	N/A	N/A	N/A
Ms. Anne C. Sonnen	Sr. VP & Chief Compliance Officer	N/A	N/A	N/A
Ms. Sharon C. Geraghty	Exec. VP & Gen. Counsel	N/A	N/A	N/A
Mr. David Simmonds	Sr. VP and Chief Communications & Sustainability Officer	N/A	N/A	N/A

Amounts are as of December 31, 2021 and compensation values are for the last fiscal year ending on that date. Pay is salary, bonuses, etc. Exercised is the value of options exercised during the fiscal year. Currency in USD.

Description

Great-West Lifeco Inc., a financial services holding company, engages in the life and health insurance, retirement and investment services, asset management, and reinsurance businesses in Canada, the United States, and Europe. The company offers a portfolio of financial and benefit plan solutions for individuals, families, businesses, and organizations; life, disability, critical illness, accidental death, dismemberment, health and dental protection, and creditor insurance products; and retirement savings and income, annuity, and other specialty products. It also provides employer-sponsored retirement savings plans, individual retirement and taxable brokerage accounts, enrollment services, communication materials, investment options, and education services; and fund management, investment, and advisory services. In addition, the company offers private-label recordkeeping and administrative services; and investment products, including equity, fixed income, absolute return, and alternative strategies. Further, it provides protection and wealth management products, including payout annuity products; pension products; and life, annuity/longevity, mortgage surety, and property catastrophe reinsurance products. The company offers its products under the Canada Life, Irish Life, Empower, Putnam Investments, and PanAgora brand names. It distributes its products through a network of advisors, dealers, brokers, managing general agencies, financial institutions, consultants, third-party administrators, sales force, financial planners, employee benefit consultants, banks, and multi-tied agents. The company was founded in 1891 and is based in Winnipeg, Canada. Great-West Lifeco Inc. operates as a subsidiary of Power Financial Corporation.

Corporate Governance

Great-West Lifeco Inc.’s ISS Governance QualityScore as of October 1, 2022 is 10. The pillar scores are Audit: 6; Board: 9; Shareholder Rights: 10; Compensation: 6.

Corporate governance scores courtesy of Institutional Shareholder Services (ISS). Scores indicate decile rank relative to index or region. A decile score of 1 indicates lower governance risk, while a 10 indicates higher governance risk.