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Great West Lifeco Insurance

December 1st, 2016 Leave a comment Go to comments


By : Aries Kurniawan

History of the insurance company Great West Lifeco

great west life insurance

great west life insurance

Great West Lifeco Inc. is an international financial services holding company in the field of life insurance , insurance services , pension and health investments , asset management and reinsurance businesses , operating in Canada , the United States , Europe and Asia through Great West Life , London Life , Canada Life , Irish Life , Great – West Financial and Putnam Investments .

On July 18, 2013 Irish Life is part of Great – West Lifeco operation. Great – West Lifeco has $ 596 billion of assets under administration, and members of the Power Financial Corporation group of companies.

In the United States, Great – West Life & Annuity (Great – West Financial ®) is a leading provider of retirement savings plans. Financial Great West offers fund management, investment and advisory services as well as record-keeping and administrative services for other providers of defined contribution plans. Great – West Financial also provides individual retirement accounts, life insurance, annuities, business -owned life insurance and executive benefits products.

Great – West’s financial markets products and services nationwide through its power sales, brokers, consultants, advisors, third party administrators and financial institutions. The insurance company is also in the list of shares, the following explanation:

Great – West Lifeco Inc. said has obtained $ 523 million in the latest quarter as it closes acquisition of Irish Life Group Ltd. The insurance company’s profit amounted to 53 cents per share for the quarter ended September 30 , then rose from $ 518 million , or 55 cents per share a year ago . Total premiums and deposits were $ 19700000000 for the quarter, up from $ 15500000000 a year ago, and included $ 2600000000 of Irish Life.

Great – West Lifeco acquired from Irish life, previously part of a larger group called the Irish Life & Permanent, Irish Government earlier this year at $ 1.75 billion transaction. Excluding acquisition and restructuring costs associated with the acquisition of Irish Life, the insurance company obtains $ 583 million or 59 cents per share for the quarter. With a fairly good gain , the company’s business is growing , we will describe the following about the business summary insurance Great – West Lifeco :

Business Summary

The Great West Lifeco Inc. – is a financial services holding company , engages in insurance , retirement savings , investment management and reinsurance businesses in Canada , the United States , Europe , and Asia . Moreover, it also offers financial solutions and benefit plans, such as investment, savings, and retirement income plans, as well as life, disability, and health insurance for individuals and families. The company also provides life, health, dental care, critical illness, disability, health, and international benefit plans , and group retirement savings plans , online services for businesses and organizations . Then the insurance company also offers financial security advice and planning services , creditor insurance for mortgages , loans , credit cards , lines of credit , and rent , payment of annuities , group insurance products , pension products , annuities , insurance and reinsurance products .

Further , the company provides retirement savings plans and private – label record keeping and administrative services , cash management services consisting of a variety of equity , fixed income , asset allocation and absolute return products , as well as other related services , including transfer agency , distribution , shareholder , other fiduciary services to individual and institutional investors .

Great – West Lifeco Inc. markets products and services through financial security advisors , brokers , managing general agencies , financial institutions , direct salespeople , consultants , third party administrators , discount brokers , car dealers , other lending institutions , and independent agency network . The company was founded in 1891 and is based in Winnipeg, Canada.

Great – West Lifeco Inc. is a subsidiary of Power Financial Corporation. Great – West Lifeco Inc. is a financial services holding company with interests in life insurance, health insurance, investments and retirement savings and reinsurance businesses. The company serves the financial security needs of the public in Canada and the United States.

Thus, all of it is the details of Great – West Lifeco business, Country Life in Ireland and Canada will come together as one combined business next year, which will operate under the brand name of Irish Life. With access to the experience and expertise on a global scale, the two countries were planning to create the life and pensions company with world -class products, customer service and technology to meet the needs of the community. Irish Life would be truly affected to changes in the welfare of society, and that the customers of both organizations will have continuity of product and customer service under the Irish Life. For those of you who need your financial allocations well and requires one of the leading companies in the world for life assurance, you can directly contact at:

Great – West Lifeco Inc .
c / o The Great – West Life Assurance Company
100 Osborne St N , PO Box 6000 Stn Main
Winnipeg , MB
R3C 3A5
Tel : (204) 946-1190
Fax : (204) 946-4380


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