page_title: Great-West Lifeco
section_title: Companies
hierarchical_section_title: Great-West Lifeco / Companies
caption_attribution_description: English: United States headquarters of Great-West Life &amp; Annuity Insurance Company in Greenwood Village, Colorado.
context_page_description: Great-West Lifeco is an insurance centered financial holding company that operates in North America, Europe and Asia through 5 wholly owned, regionally focused subsidiaries. Many of the companies it has indirect control over are part of its largest subsidiary The Great-West Life Assurance Company; the others are managed by US based subsidiary Great-West Lifeco US Inc. Great-West Lifeco is indirectly controlled by Montreal billionaire Paul Desmarais through his stake in the Power Corporation of Canada which owns 72% of Great-West Lifeco. In the first half of 2011 premium income made up 63.99% of total revenue up from 56.07%. The hyphen in the company's name was originally a typesetter's error.
  For the three months ended June 2013, 63% of revenue originated in Canada, 26% from the US, 10% from Europe. Group retirement products and 401k markets remain key areas of growth for the company. Lower UK wealth management single premiums negatively affected growth. Boston-based Putnam Investments accounts for nearly a quarter of all assets under administration. Approximately half of company profit comes from Canada, a third from Europe and the rest of the United States.
context_section_description: Great West Life & Annuity Insurance Company is a company that provides individuals and businesses in all of the USA's states with life insurance, retirement benefits (which are paid for by employers) and annuities distributed by its own brokers and institutions.  This division began operations in the USA on May 28, 1997.
  Empower Retirement is a retirement plan recordkeeping company based in Greenwood Village, Colorado. It is the second-largest retirement plan provider in the US.
  The Great West Life Assurance Company is Canada's biggest insurance company.  The subsidiary became Canada's leader in 2003 when it paid Cdn$7.3 billion (US$4.7 billion) for Canada Life Financial.  Products include trust securities.
  Canada Life was founded in 1847 and operates in Ireland, Canada, the UK, Germany, and the Isle of Man.  Business focusses on insurance (life, disability, creditor and critical illness) and wealth management.  European business goes back to 1903 and provides different regions with different products (insurance and savings are offered in every region except the UK (where annuities and group insurance are provided) and Germany (where business comes from pensions and critical illness).
  London Life is a 140-year-old business currently serving 2 million Canadians.  Operates under the banners Great-West, Freedom 55 (savings, investments, retirement, insurance and mortgages), Quadrus Investment Services Ltd. (mutual funds), London Reinsurance Group (international business).
  Putnam Investments Money manager in the business of fixed income equity, asset allocation in addition to other types of equity.  customers include institutional investors.  Putman accounts for 44.4% of total assets in the USA (in the form of mutual funds and institutional assets) and $124B worth of American mutual fund and institutional account assets under administration.
  Irish Life, acquired in 2013 for €1.3 Billion
caption: Headquarters of American division Great-West Life & Annuity Insurance Company, Greenwood Village, Colorado
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