Great-West Lifeco Inc. (GWO-PQ.TO)

21.24 +0.05 (+0.24%) At close: 03:59PM EDT

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: 

Key Executives

Name	Title	Pay	Exercised	Year Born
Mr. Paul Anthony Mahon	Pres, CEO & Director	4.59M	313.98k	1964
Mr. Garry MacNicholas	Exec. VP & CFO	1.43M	477.04k	N/A
Mr. Raman Srivastava CFA	Exec. VP & Global Chief Investment Officer	1.74M	N/A	N/A
Mr. Arshil Jamal	Pres & Group Head of Strategy, Investments, Reinsurance and Corp. Devel.	1.51M	65.66k	N/A
Mr. Jeffrey F. Macoun	Pres & COO for Canada	1.39M	168k	N/A
Mr. Edmund Francis Murphy III	Pres & CEO of Empower Retirement	6.98M	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 CAD.

Description

Great-West Lifeco Inc., a financial service 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 life, disability, critical illness, accidental death and dismemberment, disability, health and dental protection, and creditor insurance products; and wealth savings and income, retirement savings and income, and other specialty products for individuals, families, businesses, and organizations. It also provides employer-sponsored retirement savings plans that offers saving, investment, and advisory services; wealth and investment management, and related administrative function and distribution services; and investment products, including equity, fixed income, absolute return and alternative strategies, hedge fund and other alternative strategies, model-based separately managed accounts, and model portfolios. In addition, the company offers bulk and individual payout annuities, equity release mortgages, life bonds, and retirement drawdown and pension products; savings and investments; and provides asset management services for pension schemes, insurance companies, wealth managers, fiduciary managers, and sovereign wealth funds, as well as third-party institutional clients. Further, it provides 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 February 1, 2023 is 9. The pillar scores are Audit: 6; Board: 10; Shareholder Rights: 10; Compensation: 5.

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.