About Great-West Lifeco
Great-West Lifeco is a company based in Winnipeg (Canada) founded in 1891.. The company has 33,250 employees as of December 31, 2024. Great-West Lifeco has completed 2 acquisitions, including Irish Life and Northleaf. Great-West Lifeco offers products and services including Life Insurance, Health Insurance, Retirement Plans, and Asset Management. Great-West Lifeco operates in a competitive market with competitors including Investec, S&P Global, Bank of America, FIS and State Street, among others.
- Headquarter Winnipeg, Canada
- Employees 33250 as on 31 Dec, 2024
- Stage Public
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Sectors
Financial Services
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Phone
*********
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Website
*********
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Social
*********
- Legal Name Great-West Lifeco Inc.
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Annual Revenue
$32.51 B (USD)11.02as on Dec 31, 2024
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Net Profit
$2.8 B (USD)34.56as on Dec 31, 2024
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EBITDA
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Latest Funding Round
$123.16 M (USD), Post-IPO
Apr 10, 2018
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Investors
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Employee Count
33250
as on Dec 31, 2024
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Investments & Acquisitions
Irish Life
& 1 more
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IPO & Listings of Great-West Lifeco
Great-West Lifeco is a publicly listed company on the TSX with ticker symbol GWO in Canada, operating in the Finance sector. As a publicly traded entity, the company provides investors with opportunities to participate in its growth story through equity ownership. The listing enables access to capital markets, enhances corporate visibility, and provides liquidity for shareholders while maintaining transparency through regulatory compliance and regular financial disclosures.
Products & Services of Great-West Lifeco
Great-West Lifeco offers a comprehensive portfolio of products and services, including Life Insurance, Health Insurance, Retirement Plans, and Asset Management. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Offers protection and financial security for individuals
Provides coverage for health-related expenses and benefits
Manages employer-sponsored savings for future retirement needs
Handles investment and wealth management for clients
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Leadership Team
33 people
Software Development Team
15 people
Finance and Accounting
7 people
Legal and Compliance
4 people
Human Resources and Administration
4 people
Chair Team
1 people
Associate Team
1 people
Data Analysis and Operations Team
1 people
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Funding Insights of Great-West Lifeco
- Total Funding Total Funding
- Total Rounds 4
- Last Round Post-IPO — $123.2M
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First Round
First Round
(02 Apr 2014)
- Investors Count Investors Count
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Apr, 2018 | Amount | Post-IPO - Great-West Lifeco | Valuation |
investors |
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| Feb, 2018 | Amount | Debt – Conventional - Great-West Lifeco | Valuation |
investors |
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| Apr, 2017 | Amount | Post-IPO - Great-West Lifeco | Valuation |
investors |
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| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investments & Acquisitions by Great-West Lifeco
Great-West Lifeco has strategically engaged in corporate development activities, having acquired 2 companies. Notable acquisitions include Irish Life and Northleaf. These strategic investments and acquisitions demonstrate the company's commitment to growth through portfolio expansion, market consolidation, technology integration, and strategic partnerships that enhance competitive positioning and drive long-term value creation.
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Private fund focused on equity, secondary market, fund of funds, and multiple investments
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2009 | ||||
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Multiple insurance types are provided by Irish Life in Ireland.
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1939 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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OVO is recognized as a smart digital payment application.
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2017 | ||||
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Bionic investment advisor platform
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 |
Financial Statements - Great-West Lifeco
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Great-West Lifeco Comparisons
Competitors of Great-West Lifeco
Great-West Lifeco operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Investec, S&P Global, Bank of America, FIS and State Street, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Global banking, investment, and wealth management services are offered worldwide.
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Platform offering business intelligence solutions that combine data and actionable analytics for clients
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| domain | founded_year | HQ Location |
Commercial banking and asset management services are offered worldwide.
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| domain | founded_year | HQ Location |
Software suites for banks and financial institutions are provided.
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| domain | founded_year | HQ Location |
Financial services are provided to asset managers worldwide.
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| domain | founded_year | HQ Location |
Comprehensive banking and financial services are provided globally.
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| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Great-West Lifeco
Frequently Asked Questions about Great-West Lifeco
When was Great-West Lifeco founded?
Great-West Lifeco was founded in 1891 and raised its 1st funding round 123 years after it was founded.
Where is Great-West Lifeco located?
Great-West Lifeco is headquartered in Winnipeg, Canada. It is registered at Winnipeg, Manitoba, Canada.
Who is the current CEO of Great-West Lifeco?
Paul A Mahon is the current CEO of Great-West Lifeco.
How many employees does Great-West Lifeco have?
As of Dec 31, 2024, the latest employee count at Great-West Lifeco is 33,250.
What is the annual revenue of Great-West Lifeco?
Annual revenue of Great-West Lifeco is $32.51B as on Dec 31, 2024.
What does Great-West Lifeco do?
Founded in 1891 in Winnipeg, Canada, Great-West Lifeco operates within the insurance and asset management sectors. A variety of life, health, and investment products are provided to individual and institutional clients across North America and beyond. Operations are managed from the Canadian headquarters, with focus on financial protection and wealth accumulation services. Leadership positions are occupied by Paul A. Mahon as CEO and Robert Reynolds as Co-CEO and President.
Who are the top competitors of Great-West Lifeco?
Great-West Lifeco's top competitors include Investec, S&P Global and Bank of America.
What products or services does Great-West Lifeco offer?
Great-West Lifeco offers Life Insurance, Health Insurance, Retirement Plans, and Asset Management.
Is Great-West Lifeco publicly traded?
Yes, Great-West Lifeco is publicly traded on TSX under the ticker symbol GWO.
How many acquisitions has Great-West Lifeco made?
Great-West Lifeco has made 2 acquisitions, including Irish Life, and Northleaf.
What is Great-West Lifeco's ticker symbol?
The ticker symbol of Great-West Lifeco is GWO on TSX.
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