(GWO) Great-West Lifeco - Ratings and Ratios

Great-West Lifeco Inc. (GWO) is a well-established financial services giant with a rich history dating back to 1891. Headquartered in Winnipeg, Canada, the company operates as a subsidiary of Power Financial Corporation, offering a diverse range of products across life and health insurance, retirement solutions, asset management, and reinsurance. Its geographic footprint spans Canada, the United States, and Europe, providing a balanced exposure to mature markets with strong regulatory frameworks and customer trust.

The company’s product portfolio is extensive, catering to both individual and institutional clients. On the life and health insurance side, GWO offers traditional life insurance, accidental death and dismemberment coverage, disability coverage, critical illness insurance, and health and dental protection plans. For businesses, they provide creditor insurance solutions, protecting against unforeseen events. Their retirement and wealth management offerings include savings plans, income annuities, and specialty products designed to help individuals and families secure their financial futures. Employer-sponsored retirement plans are a key focus, combining savings, investment, and advisory services to meet the evolving needs of modern workplaces.

GWO’s wealth management division is equally robust, featuring payout annuities, equity release mortgages, pensions, and investment products tailored for both individual and institutional clients. The company also specializes in bulk and individual payout annuities, retirement drawdown products, and life bonds, addressing the growing demand for flexible retirement solutions. Their asset management services are geared toward institutional clients, including pension schemes, sovereign wealth funds, and wealth managers, showcasing their ability to handle complex mandates at scale.

Reinsurance is another critical pillar of GWO’s business, with offerings in life, annuity/longevity, mortgage surety, and property catastrophe reinsurance. This diversification not only reduces risk but also positions the company as a reliable partner for insurers seeking to transfer and manage their liabilities. The brand operates under the trusted names of Canada Life, Irish Life, and Empower, each with its own strong market presence and customer loyalty.

Distribution is another area where GWO excels, leveraging a vast network of brokers, financial institutions, employee benefit consultants, and third-party administrators. This multi-channel approach ensures that their products reach a wide audience, from individual policyholders to large institutional clients. The company