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Great West Life Ratings and Company Information
Best Insurance Reports: A+
Url of page where rating was collected:
Best Rating: A.M. Best rating: A+ (superior)
Fitch Ratings: AA
Standard & Poor's: AA
Type of Insurance Company: Stock
Name of Parent Company:
Great West Lifeco Inc.
Canada Life Irish
Company History: The Great-West Life Assurance Company was founded in Winnipeg in 1891. Now Great-West Life Assurance is the leading insurer in Canada. The company and its subsidiaries serve over 12 million people. Great-West Life has operations in the United Kingdom, Germany, Isle of Man, and Ireland through its subsidiaries. Great-West Lifeco (parent company) has operations in the US, Canada, Asia, and Europe. Great-West Lifeco and its subsidiaries are member of the Power Financial Corporation group of companies.
Principle Sales Methods: Career agents, independent agents, brokers, financial institutions
Life Annuity Business: Great-West sells Employer-sponsored Term and Optional Term policies, plus Individual Life and Annuity policies.
Health Business: Great-West Life sells Employer-sponsored Health, Dental, Vision and Short- and Long-term Disability policies. The company also offers critical illness insurance.
Special Business: Great West Life sells Business-owned Life Insurance products. The company is a leading provider of group insurance in Canada.
Company Financial Status:
Ticker Symbol: GWO (parent)
Assets & Premiums: Total Premiums: $23.897 billion*
Total Assets: $342.860 billion*
Total Assets under administration: $805.894 billion*
Total Equity: $20.964 million
*In Canadian Dollars
Lines of Insurance:
Health, Life, Disability
States licensed to sell insurance in:
AL, AK, AZ, AR, CA, CO, CT, DE, DC, FL, GA, HI, ID, IL, IN, IA, KS, KY, LA, ME, MD, MA, MI, MN, MS, MO, MT, NE, NV, NH, NJ, NM, NY, NC, ND, OH, OK, OR, PA, RI, SC, SD, TN, TX, UT, VT, VA, WA, WV, WI, WY