Founded in the 1920s to develop hydroelectric power, Power Corporation of Canada now generates cash, not electricity. It is an international management and holding company that focuses on financial services in North America, Europe and Asia. The company's core holdings are leading insurance, retirement, wealth management and investment businesses, including a portfolio of alternative asset investment platforms. Through its majority stake in Power Financial, the company controls one of Canada's leading mutual fund firms (IGM Financial), one of its largest life insurers (Great-West Lifeco), and other insurance firms. It owns Square Victoria Communication Group, which publishes French-language media content, and Pargesa Group, which holds stakes in large European companies. Power generation is still in the mix as the company owns stakes in renewable energy companies. The Europe generates the largest sales with more than 50% of the company's total sales.
Financial data as of December 31, 2019 (12 month period) in USD
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Essential information for a successful call
EMPLOYEES (This Site)
EMPLOYEES (All Sites)
- ASSETS (MIL USD) 358,427
REVENUE (MIL USD)
- TICKER SYMBOL POW
- Incorporated 1925
- FISCAL YEAR END DEC
- SALES GROWTH % 1.54%
Get in Touch with 28 Principals*
R. Jeffrey OrrPresident
Gregory D. TretiakExecutive Vice President and Chief Financial Officer
Claude GénéreuxExecutive Vice President
Olivier DesmaraisSenior Vice President