The Great-West Life Assurance Company

Infobox Company
company_name = The Great-West Life Assurance Company
company_
company_type = Public (tsx|GWL)
foundation = 1891
location = Winnipeg, Manitoba, Canada
key_people = Allen Loney, President and Chief Executive Officer
industry = Financial Services (Insurance)
products =
market c

revenue =
operating_income =
net_income =
num_employees = 18,400 (2008)cite web |url=http://zenobank.com/index.php?symbol=CA;GWO&page=quotesearch |title=Company Profile for Great-West Lifeco Inc (CA;GWO) |accessdate=2008-10-08]
parent =
subsid =
homepage = [http://www.greatwestlife.com www.greatwestlife.com]
footnotes =

The Great-West Life Assurance Company (known more commonly Great-West Life, and its official French name is La Great-West, compagnie d'assurance-vie) (tsx|GWL) is a life and health insurance company. Its headquarters is located in Winnipeg, Manitoba, Canada and its President and CEO is Allen Loney.

History and Ownership

Great-West Life was founded in 1891 in Winnipeg.

Great-West Life is currently a subsidiary of Great-West Lifeco, which is itself a joint-stock corporation traded on the Toronto Stock Exchange (TSX:GWO). Great-West Lifeco also owns London Life Insurance Company, The Canada Life Assurance Company, and The Great-West Life & Annuity Insurance Company and is the largest insurance provider in Canada. The majority owner of Great-West Lifeco is the Power Corporation of Canada which administers Great-West through the Power Financial Corporation.

Great-West Life sold its health insurance USA division to Cigna for $1.5 billion US in a deal announced Nov. 26, 2007 [http://www.reuters.com/article/mergersNews/idUSN2643561820071127 Reuters story] .

References

External links

* [http://www.greatwestlifeco.com/ Official website of Great-West Lifeco Inc, Great West Life Assurance Company's parent corporation.]
* [http://www.greatwestlife.com/ Official Web site of Great-West Life]
* [http://www.powercorp.com/index.php?lang=eng Official Web site of the Power Corporation of Canada]