The Great-West Life Assurance Company

The Great-West Life Assurance Company provides primarily insurance and reinsurance solutions. It offers life, health, disability and critical illness insurance for individuals and families, as well as investment, savings and retirement income plans and annuities. The Company also offers group benefit plan solutions for large and small businesses, and organizations featuring options, such as life, healthcare, dental care, critical illness, disability and wellness, and international benefits plans, as well as online and mobile services.

Employee Rating

3.4More
TypeSubsidiary
HQWinnipeg, CA
Founded1891
Websitegreatwestlife.com
The Great-West Life Assurance Company was founded in 1891 and is headquartered in Winnipeg, CA

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Key People/Management at The Great-West Life Assurance Company

Paul A. Mahon

Paul A. Mahon

President and Chief Executive Officer
Jeff Macoun

Jeff Macoun

President and Chief Operating Officer, Canada
Arshil Jamal

Arshil Jamal

President and Chief Operating Officer, Europe
Brian R. Allison

Brian R. Allison

Executive Vice-President and Chief Investment Officer
Philip Armstrong

Philip Armstrong

Executive Vice-President and Global Chief Information Officer
Graham R. Bird

Graham R. Bird

Executive Vice-President and Chief Risk Officer
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The Great-West Life Assurance Company Office Locations

The Great-West Life Assurance Company has an office in Winnipeg
Winnipeg, CA (HQ)
100 Osborne St N
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The Great-West Life Assurance Company Financials and Metrics

Summary Metrics

Founding Date

1891

The Great-West Life Assurance Company Revenue

The Great-West Life Assurance Company's revenue was reported to be $38.65 b in FY, 2017 which is a 3.1% increase from the previous period.
CADFY, 2015FY, 2016FY, 2017

Revenue

27.0b37.5b38.6b

Revenue growth, %

39%3%

General and administrative expense

642.0m689.0m705.0m

Operating expense total

4.5b5.1b5.2b
CADFY, 2015FY, 2016FY, 2017

Cash

2.2b2.5b2.6b

Current Assets

120.8b120.8b126.7b

PP&E

207.0m215.0m210.0m

Goodwill

5.7b5.8b6.0b
CADFY, 2015FY, 2016FY, 2017

Net Income

2.8b2.9b2.5b

Cash From Operating Activities

3.6b4.0b5.6b

Cash From Investing Activities

(1.8b)(2.2b)(4.0b)

Dividends Paid

(1.8b)(1.8b)(1.6b)
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The Great-West Life Assurance Company Operating Metrics

FY, 2015FY, 2016FY, 2017May, 2018

Assets Under Administration

$56.98 b$54.86 b$53.53 b

Assets Under Management

$353.08 b$365.57 b$395.71 b

Customers

13 m13 m13 m

Premiums (Insurance)

$24.79 b$30.24 b$34.44 b
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The Great-West Life Assurance Company Acquisitions / Subsidiaries

Acquired CompanyDateDeal Size
Canada Life Financial
CGWLL Inc.
Financial Horizons Inc.
GLC Asset Management Group Ltd.
Gold Circle Insurance Company
Great-West Life Assurance Company, Asset Management Arm
Great-West Life Assurance Co. (U.S. branch)
GWL Realty Advisors, Inc.
GWL THL Private Equity I Inc.
High Park Bayview Inc.
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The Great-West Life Assurance Company Revenue Breakdown

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The Great-West Life Assurance Company revenue breakdown by business segment: 11.2% from Individual Customer, 25.9% from Group Customer, 60.5% from Europe/Reinsurance and 2.4% from Other

The Great-West Life Assurance Company Online and Social Media Presence

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The Great-West Life Assurance Company Frequently Asked Questions

  • When was The Great-West Life Assurance Company founded?

    The Great-West Life Assurance Company was founded in 1891.

  • Who are The Great-West Life Assurance Company key executives?

    The Great-West Life Assurance Company's key executives are Paul A. Mahon, Jeff Macoun and Arshil Jamal.

  • What is The Great-West Life Assurance Company revenue?

    Latest The Great-West Life Assurance Company annual revenue is $38.6 b.

  • Who are The Great-West Life Assurance Company competitors?

    Competitors of The Great-West Life Assurance Company include MetLife, Prudential Financial and Manulife Financial.

  • Where is The Great-West Life Assurance Company headquarters?

    The Great-West Life Assurance Company headquarters is located at 100 Osborne St N, Winnipeg.

  • Where are The Great-West Life Assurance Company offices?

    The Great-West Life Assurance Company has an office in Winnipeg.

  • How many offices does The Great-West Life Assurance Company have?

    The Great-West Life Assurance Company has 1 office.