Latest news with #Great-WestLifecoInc
Cision Canada
08-05-2025
- Business
- Cision Canada
Great-West Lifeco announces election of Directors Français
TORONTO, May 8, 2025 /CNW/ - Great-West Lifeco today announced that at its Annual and Special Meeting of Shareholders all of the 19 director nominees listed in its Management Proxy Circular dated March 13, 2025 were elected. The detailed results of the vote for the election of directors are set out below: Final voting results on all matters voted on at the Annual Meeting will be available at About Great-West Lifeco Inc. Great-West Lifeco is a financial services holding company focused on building stronger, more inclusive and financially secure futures. We operate in Canada, the United States and Europe under the brands Canada Life, Empower and Irish Life. Together we provide wealth, retirement, workplace benefits and insurance and risk solutions to our over 40 million customer relationships. As of March 31, 2025, Great-West Lifeco's total client assets exceeded $3 trillion. Great-West Lifeco trades on the Toronto Stock Exchange (TSX) under the ticker symbol GWO and is a member of the Power Corporation group of companies. To learn more, visit SOURCE Great-West Lifeco Inc.
Hamilton Spectator
01-05-2025
- Business
- Hamilton Spectator
Great-West Lifeco CEO Paul Mahon to retire, will be succeeded by David Harney
WINNIPEG - Great-West Lifeco Inc. says its president and CEO Paul Mahon is set to retire July 1 and will be succeeded by David Harney. Mahon has spent 39 years with the company, including the past 12 as its chief executive. The Winnipeg-based insurer says in a press release that Mahon has provided 'steady, principled leadership' and was central in shaping its long-term direction, including through the amalgamation of three brands into Canada Life and the launch and build-out of Empower in the U.S. Board of directors chair Jeffrey Orr says that under Mahon's leadership, the company 'has been repositioned and strengthened, achieving record performance and delivering lasting value for our shareholders.' The company says he will act as a senior adviser until early 2026 to support the transition. Harney has served as the company's chief operating officer for Europe since 2020, overseeing the Irish Life and Canada Life organizations in the U.K., Ireland and Germany. This report by The Canadian Press was first published May 1, 2025. Companies in this story: (TSX:GWO)
Winnipeg Free Press
01-05-2025
- Business
- Winnipeg Free Press
Great-West Lifeco CEO Paul Mahon to retire, will be succeeded by David Harney
WINNIPEG – Great-West Lifeco Inc. says its president and CEO Paul Mahon is set to retire July 1 and will be succeeded by David Harney. Mahon has spent 39 years with the company, including the past 12 as its chief executive. The Winnipeg-based insurer says in a press release that Mahon has provided 'steady, principled leadership' and was central in shaping its long-term direction, including through the amalgamation of three brands into Canada Life and the launch and build-out of Empower in the U.S. Board of directors chair Jeffrey Orr says that under Mahon's leadership, the company 'has been repositioned and strengthened, achieving record performance and delivering lasting value for our shareholders.' The company says he will act as a senior adviser until early 2026 to support the transition. Harney has served as the company's chief operating officer for Europe since 2020, overseeing the Irish Life and Canada Life organizations in the U.K., Ireland and Germany. During Elections Get campaign news, insight, analysis and commentary delivered to your inbox during Canada's 2025 election. This report by The Canadian Press was first published May 1, 2025. Companies in this story: (TSX:GWO)
Cision Canada
29-04-2025
- Business
- Cision Canada
Great-West Lifeco's first quarter 2025 earnings conference call and Annual Meetings to be held May 8 Français
WINNIPEG, MB, April 29, 2025 /CNW/ - Great-West Lifeco (TSX: GWO) announced today that it will release its 2025 first quarter financial results after market close on Wednesday, May 7, 2025. Earnings conference call and webcast details The first quarter results will be discussed in a conference call and audio webcast hosted by company management at 9:30 a.m. ET on Thursday, May 8. The live webcast and presentation materials will be available at Participants may register for the webcast or the conference call in advance for expediated access. To listen via telephone, dial 1-833-752-3481 (toll free) or 1-647-846-7232 (if outside Canada or the U.S.). The archive of the conference call will be available on Great-West Lifeco's website following the event. Annual Meetings The Annual and Special Meeting of Great-West Lifeco and Annual Meeting of The Canada Life Assurance Company, being held concurrently, will take place at 11:30 a.m. ET on Thursday, May 8. Registered shareholders, voting policyholders and duly appointed proxyholders can attend the meeting in person or virtually, with full opportunity to ask questions and vote, regardless of how they attend. Visit and for detailed information, and to view the 2025 Annual Meeting materials. About Great-West Lifeco Inc. Great-West Lifeco is a financial services holding company focused on building stronger, more inclusive and financially secure futures. We operate in Canada, the United States and Europe under the brands Canada Life, Empower and Irish Life. Together we provide wealth, retirement, workplace benefits and insurance and risk solutions to our over 40 million customer relationships. As of December 31, 2024, Great-West Lifeco's total client assets exceeded $3 trillion. Great-West Lifeco trades on the Toronto Stock Exchange (TSX) under the ticker symbol GWO and is a member of the Power Corporation group of companies. To learn more, visit SOURCE Great-West Lifeco Inc.
Yahoo
28-04-2025
- Business
- Yahoo
Great-West Lifeco Inc. (TSE:GWO) stock most popular amongst public companies who own 70%, while individual investors hold 18%
The considerable ownership by public companies in Great-West Lifeco indicates that they collectively have a greater say in management and business strategy Power Corporation of Canada owns 70% of the company Insiders have been selling lately We check all companies for important risks. See what we found for Great-West Lifeco in our free report. A look at the shareholders of Great-West Lifeco Inc. (TSE:GWO) can tell us which group is most powerful. And the group that holds the biggest piece of the pie are public companies with 70% ownership. Put another way, the group faces the maximum upside potential (or downside risk). Meanwhile, individual investors make up 18% of the company's shareholders. Let's take a closer look to see what the different types of shareholders can tell us about Great-West Lifeco. See our latest analysis for Great-West Lifeco Institutions typically measure themselves against a benchmark when reporting to their own investors, so they often become more enthusiastic about a stock once it's included in a major index. We would expect most companies to have some institutions on the register, especially if they are growing. Great-West Lifeco already has institutions on the share registry. Indeed, they own a respectable stake in the company. This suggests some credibility amongst professional investors. But we can't rely on that fact alone since institutions make bad investments sometimes, just like everyone does. If multiple institutions change their view on a stock at the same time, you could see the share price drop fast. It's therefore worth looking at Great-West Lifeco's earnings history below. Of course, the future is what really matters. We note that hedge funds don't have a meaningful investment in Great-West Lifeco. Our data shows that Power Corporation of Canada is the largest shareholder with 70% of shares outstanding. With such a huge stake in the ownership, we infer that they have significant control of the future of the company. For context, the second largest shareholder holds about 4.3% of the shares outstanding, followed by an ownership of 1.3% by the third-largest shareholder. While studying institutional ownership for a company can add value to your research, it is also a good practice to research analyst recommendations to get a deeper understand of a stock's expected performance. There are a reasonable number of analysts covering the stock, so it might be useful to find out their aggregate view on the future. The definition of an insider can differ slightly between different countries, but members of the board of directors always count. Management ultimately answers to the board. However, it is not uncommon for managers to be executive board members, especially if they are a founder or the CEO. I generally consider insider ownership to be a good thing. However, on some occasions it makes it more difficult for other shareholders to hold the board accountable for decisions. Our most recent data indicates that insiders own less than 1% of Great-West Lifeco Inc.. Being so large, we would not expect insiders to own a large proportion of the stock. Collectively, they own CA$47m of stock. In this sort of situation, it can be more interesting to see if those insiders have been buying or selling. The general public-- including retail investors -- own 18% stake in the company, and hence can't easily be ignored. While this group can't necessarily call the shots, it can certainly have a real influence on how the company is run. We can see that public companies hold 70% of the Great-West Lifeco shares on issue. We can't be certain but it is quite possible this is a strategic stake. The businesses may be similar, or work together. It's always worth thinking about the different groups who own shares in a company. But to understand Great-West Lifeco better, we need to consider many other factors. Many find it useful to take an in depth look at how a company has performed in the past. You can access this detailed graph of past earnings, revenue and cash flow. If you would prefer discover what analysts are predicting in terms of future growth, do not miss this free report on analyst forecasts. NB: Figures in this article are calculated using data from the last twelve months, which refer to the 12-month period ending on the last date of the month the financial statement is dated. This may not be consistent with full year annual report figures. Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned. Sign in to access your portfolio
