Great-West Lifeco Inc.

Overview

Great-West Lifeco Inc. is a Canadian financial services holding company specializing in life insurance, health insurance, retirement and investment services, asset management, and reinsurance. The company operates primarily in Canada, the United States, and Europe through its subsidiaries, including The Canada Life Assurance Company, Empower Retirement, and Irish Life. As of March 31, 2026, Great-West Lifeco reported total client assets of $3.3 trillion and base earnings of $4.2 billion. The company's investment strategy focuses on private equity and asset management, targeting buyout, growth, late-stage, and pre-IPO stages. Great-West Lifeco has a geographical focus on Canada, the United States, the United Kingdom, the Isle of Man, Germany, and Ireland. Its investments span various industries, including financial services, insurance, asset management, reinsurance, retirement services, investment services, health insurance, wealth management, pensions, critical illness, disability, health and dental protection, creditor insurance, annuities, and group benefits. In November 2021, Great-West Lifeco established a strategic relationship with Sagard Holdings by selling its Colorado-based subsidiaries, EverWest Real Estate Investors, LLC and EverWest Advisors, LLC, to Sagard. As part of the transaction, Great-West Lifeco made a capital commitment of approximately US$500 million into certain Sagard strategies and committed to investing a further approximately US$2 billion in real estate-related investments to support EverWest's future growth within Sagard. In exchange, Great-West Lifeco acquired a minority stake in Sagard Holdings Management Inc., a subsidiary of Sagard. This strategic move reflects Great-West Lifeco's commitment to expanding its investment portfolio and enhancing its presence in the real estate sector. Great-West Lifeco's investment philosophy emphasizes disciplined capital deployment and a focus on building stronger, more financially secure futures for its clients. The company's strong cash generation and balance sheet provide significant financial flexibility, enabling it to pursue strategic investments that align with its long-term objectives. With a diverse portfolio and a commitment to innovation, Great-West Lifeco continues to be a prominent player in the financial services industry, delivering value to its stakeholders and contributing to the economic growth of the regions it serves.

Investment Focus

• Capital commitment of approximately US$500 million into certain Sagard strategies
• Investment of a further approximately US$2 billion in real estate-related investments to support EverWest's future growth within Sagard

Portfolio Companies