Power Financial Corporation

751 rue du Square-Victoria
Montréal, QC, H2Y 2J3  Canada
(514) 286-7430
www.powerfinancial.com
Company Type: Public Corporation/institution Subsidiary

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Company Profile

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Power Financial gets a charge out of insurance and investments. The holding company seeks controlling stakes in financial services companies in the US, the UK, and Canada. Core investments include 68%-owned Great-West Lifeco (subsidiaries include Great-West Life Assurance, Canada Life, and London Life Insurance, leading providers of insurance in Canada). Lifeco's US subsidiary, Great-West Life & Annuity Insurance, provides employee benefits and retirement plans. Boston-based fund manager Putnam Investments is also part of the family. Power Financial owns about half of IGM Financial, which owns Investors Group and Mackenzie Financial, distributors of mutual funds and other investment products and services.

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Public Corporation/institution Subsidiary
Website
www.powerfinancial.com
Address
751 rue du Square-Victoria
Montréal ​, QC, H2Y 2J3
Canada
 See other locations
Phone
(514) 286-7430
Company Description

Power Financial gets a charge out of insurance and investments. The holding company seeks controlling stakes in financial services companies in the US, the UK, and Canada. Core investments include 68%-owned Great-West Lifeco (subsidiaries include Great-West Life Assurance, Canada Life, and London Life Insurance, leading providers of insurance in Canada). Lifeco's US subsidiary, Great-West Life & Annuity Insurance, provides employee benefits and retirement plans. Boston-based fund manager Putnam Investments is also part of the family. Power Financial owns about half of IGM Financial, which owns Investors Group and Mackenzie Financial, distributors of mutual funds and other investment products and services.

Key Principal
R. Jeffrey Orr See more contacts
Industry
Investment Firms Management of Companies & Enterprises Investment holding companies, except banks Life insurance Mutual association life insurance Mutual accident and health associations Pension funds Credit and other financial responsibility insurance Insurance agents, nec National trust companies with deposits, commercial Financial management for business Investment advisory service Bank holding companies See all industries
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Financial Statements

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Financial data as of December 31, 2019 (12 month period) in USD

Annual Revenue2019
$35.90 billion USD
1 USD = 1.3315 CAD

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Company Snapshot

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  •  EMPLOYEES (This Site) 1,000
  •  EMPLOYEES (All Sites) 28,400
  • ASSETS (MIL USD) 354,012
  •  REVENUE (MIL USD) 35,900.5
  • TICKER SYMBOL PWF.PR.A
  • Year Started 1940
  • Incorporated 1940
  • FISCAL YEAR END DEC
  • SALES GROWTH % 1.65%
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Get in Touch with 9 Principals*

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  • R. Jeffrey Orr
    President
  • Gregory D Tretik
    Executive Vice President and Chief Financial Officer
  • Denis Le Vasseur
    Vice President
  • Stéphane Lemay
    Vice President and Secretary

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Industry Information

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  • Investment Firms
    Companies in this industry take equity positions in target companies, typically owning a controlling...
  • Management of Companies & Enterprises
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