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Home > Company Index > Insurance > Multiline Insurance > Power Financial Corporation

Power Financial Corporation
 NEWS FROM THE WIRES
Power Corp. profit flat from a year earlier
Jul 26 2001 01:00 PM PDT

Power Financial profit jumps in second quarter
Jul 26 2001 09:32 AM PDT

Great-West Lifeco profit falls on one-off charges
Jul 24 2001 07:29 PM PDT

More WIRE STORIES about this company

 PROFILE
Power Financial gets a charge out of insurance and investments. Power's core subsidiaries are Great-West Lifeco and Investors Group. Lifeco's operations include Great-West Life Assurance and London Life Insurance, leading providers of life, health, and disability insurance in Canada. US subsidiary Great-West Life & Annuity Insurance provides employee benefits and retirement plans. Investors Group is Canada's largest distributor of mutual funds. Power's 55%-owned European joint venture, Pargesa, invests in communications, utilities, minerals, and energy companies (it owns stakes in Imerys, RTL Group, and Totalfina Elf). The company has acquired financial services rival Mackenzie Financial.

 COMPETITION
AXA Financial, Inc. (dossier)
The Canada Life Financial Corporation (CLU)
Manulife Financial Corporation (MFC)

 FINANCIAL OVERVIEW
Fiscal Year-End: December
1999 Sales (mil.): 9,971.30
1-Yr. Sales Growth: 3.7%
Employees: 21,000
Revenue per employee: $474,823.81

 KEY PEOPLE
• Robert Gratton
    CEO
• Michel Plessis-Belair
    CFO

 CONTACT INFO
751 Victoria Sq.
Montreal Quebec H2Y 2J3, Canada
Phone: 1-514-286-7430
Fax: 1-514-286-7424
Online: Web Site

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