Creating long-term value across the Power group

A financial services holding company that provides wealth, retirement, workplace benefits and insurance and risk solutions to its over 40 million customer relationships operating in Canada, the United States and Europe.

financial highlights

$4.2 B
Base earnings[1][2]
$4.0 B
Net earnings[2]
17.5%
Base return on equity[1][2][3]
16.7%
Return on equity[2][3]
$3.3 T
Total assets under administration[1]
$802 B
Consolidated assets

Growth drivers

Workplace Solutions
Wealth and Asset Management
Insurance & Risk Solutions
See footnotes, including notes on non-ifrs financial measures
  1. Base earnings, base return on equity and assets under administration are identified as non-GAAP financial measures or ratios by Great-West Lifeco. Additional information regarding these measures and ratios, including reconciliations, is incorporated by reference from and can be found under “Non-GAAP Financial Measures and Ratios” in Great-West Lifeco’s annual MD&A for the year ended December 31, 2024, included in the Corporation’s annual MD&A for the year ended December 31, 2024, available on SEDAR+ at www.sedarplus.ca.
  2. Attributable to common shareholders. Based on earnings from continuing operations.
  3. The description of return on equity is incorporated by reference from and can be found under “Glossary” in Great-West Lifeco’s annual MD&A for the year ended December 31, 2024, included in the Corporation’s annual MD&A for the year ended December 31, 2024, available on SEDAR+ at www.sedarplus.ca.
A leading wealth and asset management company supporting financial advisors and the clients they serve in Canada, and institutional investors globally.

financial highlights

$939 M
Adjusted net earnings[1][2]
$934 M
Net earnings[1]
13.1%
Adjusted return on equity[1][2]
13.0%
Return on equity[1][2]
$270 B
Assets under management and advisement[3]
$483 B
Assets under management and advisement including strategic investments[3]

Growth drivers

Leading core franchises and high-growth businesses in both wealth and asset management segments.

Wealth management
Asset management
See footnotes, including notes on non-ifrs financial measures
  1. Available to common shareholders.
  2. Adjusted net earnings and adjusted return on equity are identified as non-IFRS financial measures or ratios by IGM. Additional information regarding these measures or ratios, including a reconciliation, as well as a description of return on equity is incorporated by reference from and can be found under “Non-IFRS Financial Measures and Other Financial Measures” in IGM’s annual MD&A for the year ended December 31, 2024, included in the Corporation’s annual MD&A for the year ended December 31, 2024, available on SEDAR+ at www.sedarplus.ca.
  3. For an explanation of the composition of assets under management and advisement and assets under management and advisement including strategic investments of IGM, refer to the section “Other Measures” in the Review of Financial Performance of the Corporation’s 2024 Annual Report.
A leading and active investor in Europe focused on long-term value creation with the support of a stable family shareholder base that aims to grow its diversified, high-quality portfolio of listed, direct private and indirect private investments.

financial highlights

15.7 B
Net asset value[1]
113.30
Net asset value per share[1]
672 M
Capital returned to shareholders[2]

Growth drivers

Disposing part of its listed investments to reposition its portfolio with a focus on private investments while returning capital to shareholders.

See footnotes, including notes on non-ifrs financial measures
  1. For an explanation of the composition of net asset value reported by GBL, representing the fair value of its investment portfolio, its gross cash, the present value of its Concentrix note and its treasury shares, less its gross debt, refer to the section “Other Measures” in the Review of Financial Performance of the Corporation’s 2024 Annual Report.
  2. Includes €292 million in share buybacks and €380 million in dividends in 2024.
  3. Percentage of portfolio value shown as at December 31, 2024.
A global multi-strategy alternative asset management firm active in venture capital, private equity, private credit and real estate, with offices in Canada, the U.S., Europe and the Middle East. It also engages in private wealth management and holds strategic interests in other alternative asset management businesses.

financial highlights

$38.2 B
Assets under management[1][2]
$26.5 B
Fee-bearing capital[1][3]
95%
Third parties[3][4]
(excluding Power)
See footnotes, including notes on non-ifrs financial measures
  1. Assets under management includes unfunded commitments. For an explanation of the composition of assets under management of alternative asset investment platforms and fee-bearing capital, refer to the section “Other Measures” in the Review of Financial Performance of the Corporation’s 2024 Annual Report.
  2. Includes investments in Wealthsimple, which represents a fair value of $2.1 billion at December 31, 2024, and excludes assets under management of Sagard’s wealth management platform. In the first quarter of 2024, Sagard acquired a controlling interest of Performance Equity Management, LLC, representing additional assets under management of $13.1 billion at December 31, 2024.
  3. Excludes fee-bearing capital of the wealth management platform.
  4. Represents the portion of assets under management related to third parties. Included in third parties are associated companies including Great-West Lifeco, IGM and GBL, as well as commitments from management.
A sustainability-focused investment manager. Power Sustainable is comprised of three strategies: Energy Infrastructure, Infrastructure Credit and Agri‑Food Private Equity.

financial highlights

$4.2 B
Assets under management[1]
$2.9 B
Fee-bearing capital[1]
69%
Third parties[2]
(excluding Power)
See footnotes, including notes on non-ifrs financial measures
  1. Assets under management includes unfunded commitments. For an explanation of the composition of assets under management of alternative asset investment platforms and fee-bearing capital, refer to the section “Other Measures” in the Review of Financial Performance of the Corporation’s 2024 Annual Report.
  2. Represents the portion of assets under management related to third parties. Included in third parties are associated companies including Great-West Lifeco, IGM and GBL, as well as commitments from management.