Great-West Lifeco Inc

Great-West Lifeco is an insurance centered financial holding company (corporation) that operates in North America (USA and Canada), Europe and Asia through 5 wholly owned, regionally focused subsidiaries. Many of the companies it has indirect control over are part of its largest subsidiary The Great-West Life Assurance Company; the others (Great West Life & Annuities Financial Inc and Putnam Investments, LLC) are managed by US based subsidiary Great-West Lifeco US Inc. Great-West Lifeco is indirectly controlled by Montreal billionaire Paul Desmarais through his stake in the Power Corporation of Canada (owned by the family since 1968) which owns 72% (down slightly from 74.6% in 2005) of Great-West Lifeco. In the first half of 2011 premium income made up 63.99% of total revenue up from 56.07%. The hyphen in the company's name was originally a typesetter's error. Source: Wikipedia