The Great-West Life Assurance Company

Type: Public
On the web: http://www.greatwestlifeco.com
Employees: 19,000
Employee growth: 3.3%

Great-West writes policies for the Great White North and beyond. Holding company Great-West Lifeco, majority-owned by Power Financial, is one of Canada's largest insurance organizations, but its reach extends to the US and to Europe. Through subsidiaries (including Great-West Life Assurance in Canada and Great-West Life & Annuity in the US), the company offers a range of individual and group life and health insurance, retirement savings and investment products, reinsurance, and services to financial institutions. Great-West Life Assurance's two major subsidiaries, Canada Life and London Life Insurance, provide individual insurance and wealth-management products in Canada, Germany, Ireland, and the UK.

Key numbers for fiscal year ending December, 2008:
Sales: $27,749.6M
One year growth: 5.1%
Net income: $1,188.3M
Income growth: (44.7%)

Officers:
Chairman of the Board; Chairman of the Board, Great-West Life; London Life, Canada Life; Great-West Life and Annuity: Raymond L. McFeetors
President, CEO, and Director; President and CEO, Great-West Life Assurance, London Life Insurance, and Canada Life Assurance: D. Allen Loney
EVP and CFO: William W. Lovatt

Competitors:
Industrial Alliance Insurance and Financial Servic
Manulife Financial
Sun Life

The Great-West Life Assurance Company

Type	Public (TSX: GWO)
Founded	1891
Headquarters	Winnipeg, Manitoba, Canada
Key people	Allen Loney, President and Chief Executive Officer
Industry	Financial Services (Insurance)
Employees	18,400 (2008)[1]
Website	www.greatwestlife.com

The Great-West Life Assurance Company (known more commonly Great-West Life, and its official French name is La Great-West, compagnie d'assurance-vie) (TSX: GWO) is a life insurance company. Its headquarters is located in Winnipeg, Manitoba, Canada and its President and CEO is Allen Loney.

History and Ownership

Great-West Life was founded in 1891 in Winnipeg.

Great-West Life is currently a subsidiary of Great-West Lifeco, which is itself a joint-stock corporation traded on the Toronto Stock Exchange (TSX:GWO). Great-West Lifeco also owns London Life Insurance Company, The Canada Life Assurance Company, and The Great-West Life & Annuity Insurance Company and is the largest insurance provider in Canada. The majority owner of Great-West Lifeco is the Power Corporation of Canada which administers Great-West through the Power Financial Corporation.

Great-West Life sold its health insurance USA division to Cigna for $1.5 billion US in a deal announced Nov. 26, 2007 [Reuters story].

References

1. ^ "Company Profile for Great-West Lifeco Inc (CA;GWO)". http://zenobank.com/index.php?symbol=CA;GWO&page=quotesearch. Retrieved 2008-10-08. 

External links

• Official website of Great-West Lifeco Inc, Great West Life Assurance Company's parent corporation.
• Official Web site of Great-West Life
• Official Web site of the Power Corporation of Canada

v • d • e Power Corporation                       Power Corporation of Canada                             Frère-Bourgeois/CNP Groups                                                                                                                     Gesca Limitée                           Power Financial                                                                                                                                       La Presse     Cyberpresse.ca       Great-West Lifeco           IGM Financial         Power Financial Europe B.V.                                                                                                 La Tribune     Le Nouvelliste   The Great-West Life Assurance Company     Great-West Life & Annuity Insurance Co   Investors Group     Mackenzie Financial       Parjointco N.V.                                                                                           Le Droit     Le Soleil   London Life Insurance Company     Canada Life Financial   Investment Planning Counsel Inc                 Pargesa Holding S.A.                                                                                   Le Quotidien                                                 Groupe Bruxelles Lambert

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