Great-West Lifeco Inc. (TSX: GWO) (Lifeco or the Company) will host an Investor Day in Toronto, Ontario today with the theme Driving Growth, Delivering Lasting Value.

The event will include a strategic overview of Lifeco's portfolio of businesses and a focused update on each of the Company's business segments. The presentations will highlight how the Company is building and extending its market-leading franchises, delivering lasting value creation for shareholders, and continuing its shift to a more capital efficient mix of businesses.

As part of today's event, the Company is updating its medium-term financial objectives, including increasing its Base Return on Equity1 objective to 19%+, up from 16-17%, introducing a new objective for Base Capital Generation2 of 80%+, and reaffirming its confidence in Base EPS growth1 objective of 8-10% and Base Dividend Payout Ratio1 objective of 45-55%.

"At Great-West Lifeco, we're driving growth and delivering lasting value for our shareholders. We're doing this with leadership positions in each of our businesses, focused strategies to deliver for our customers, and supported by strong cash and capital generation," said Paul Mahon, President and Chief Executive Officer, Great-West Lifeco. "Today's update demonstrates our confidence in the future of our business, which is why we've updated our medium-term financial objectives, including increasing our objective for Base Return on Equity."

Webcast

The webcast will begin at 8:30 a.m. and conclude at 12:20 p.m. ET. To register for and attend the live webcast, and to view the Investor Day materials, visit Great-West Lifeco's Investor Day 2025 event page.

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 greatwestlifeco.com.

SOURCE Great-West Lifeco Inc.

SOURCE: Great-West Lifeco Inc.

For more information: Media Relations: Tim Oracheski, 204-946-8961,
media.relations@canadalife.com; Investor Relations: Shubha Khan, 416-552-5951,
shubha.khan@canadalife.com

COMTEX_464162767/2197/2025-04-02T07:00:00