Financial Highlights
Canada Life Reinsurance is a division of The Canada Life Assurance Company and certain of its subsidiaries and affiliates. Canada Life is a subsidiary of Great-West Lifeco Inc. and a member of the Power Financial Corporation group of companies.
With operations in Canada, the United States, Europe and Asia, Great-West Lifeco and its companies have approximately US $517.7 billion* in assets under administration.
Superior performance for shareholders
- Annual compound growth in operating earnings per common share of 12.3% over the last 15 years as of December 31, 2010
- Paid total dividends of C$8.42 billion to common shareholders in the last 15 years, as of December 31, 2010
- Annual compound total return to shareholders of 17.7% over the last 15 years as of December 31, 2010
- Great-West Lifeco ranks as North America’s fifth largest insurance company by market capitalization (at June 30, 2011)
- Great-West Lifeco’s return on equity continues to rank amongst the highest returns for financial service companies in North America, and compares very favorably against the average ROE for the Canadian financial services industry.
Canada Life and Great-West Lifeco’s companies continue to receive strong ratings from the major rating agencies for financial strength and claims-paying ability.
Financial summary
All figures are in US Dollars, as June 30, 2011 Table Shade Start
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Canada Life
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Great-West Lifeco
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Total assets under administration
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$103.1 billion
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$517.7 billion
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Capital & surplus
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$8.2 billion
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$15.7 billion
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Net income (LTM)
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$832 million
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$1.9 billion
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Return on equity
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Not applicable
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17.0% (1)
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(1) ROE based on trailing twelve months of operating earnings
For information on the financial strength of our publicly-traded financial services holding company, go to www.greatwestlifeco.com.
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