Great-West Lifeco Inc. · Winnipeg, MB Canada ·(Toronto: GWO)
Company Description
Phone: +1-204-946-1190
Fax: +1-204-946-4129
Toll Free: 800-537-2033
Rankings
- #378 in FT Global 500
- TSX Completion
View Great-West Lifeco Inc. Locations On A US Map
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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. To read the full description, subscribe now.
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Key Great-West Lifeco Inc. Financials
| Company Type | Public - Toronto: GWO Headquarters |
| Fiscal Year-End | December |
| 2008 Sales (mil.) | $27,749.6 |
| 2008 Employees | 19,000 |
Great-West Lifeco Inc. Executives
31 executives listed for Great-West Lifeco Inc.'s Winnipeg, MB location.
| Title | Name & Bio | Contact |
| Chairman | Raymond McFeetors | Network |
| President, CEO, and Director; President and CEO, Great-West Life Assurance, London Life Insurance, and Canada Life Assurance | D. Allen Loney | Network |
| EVP and CFO, Great-West Lifeco, Great-West Life, London Life, and Canada Life | William Lovatt | Network |
Competition
Competitive Landscape for Great-West Lifeco Inc.
Demand is related to consumer income and commercial business activity. When the economy grows, so does the demand for personal and business insurance. When the economy contracts, as it did in the late 2000s, demand for insurance falls. The profitability of individual agencies depends on effective marketing, client referrals, and customer service. Large agencies have advantages in name recognition, connections with more insurers, and the ability to craft more complex insurance packages. Although small agencies formerly competed by specializing in a specific product line, they are increasingly diversifying to build business. Average annual revenue per employee is around $200,000. To read the full description, subscribe now.Top Great-West Lifeco Inc. Competitors
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