WINNIPEG, Manitoba,
June 24, 2016 /PRNewswire/ --
TSX:GWO
Great-West Lifeco Inc. today released the following
statement on the U.K.'s June 23 vote
to leave the EU:
"We will continue to work closely with our U.K. based customers,
business partners and regulators over the next few years as the
U.K. and the EU enter a period of negotiation and agree on their
new relationship," said Paul Mahon,
President and CEO of Great-West Lifeco.
"Our companies in Europe have
strong, stable businesses and a diversified investment portfolio.
They are appropriately capitalized. We remain committed to these
markets," Mr. Mahon said.
"We have undertaken an in-depth analysis of the potential risks
to our businesses, and notwithstanding the potential for increased
market volatility and uncertainty that may arise, our businesses
are resilient and we maintain significant financial
flexibility."
About Great-West Lifeco in Europe
- We have a long-established presence in the United Kingdom through Canada Life since 1903
and we are committed to maintaining and building our businesses in
the U.K.
- Additionally Great-West Lifeco's group of companies have deep
roots in Europe through
Irish Life, established in
Ireland more than 75 years ago;
through Canada Life in Germany for
more than 15 years; and through our reinsurance businesses.
About Great-West Lifeco
Great-West Lifeco Inc. (TSX:GWO) is an international financial
services holding company with interests in life insurance, health
insurance, retirement and investment services, asset management and
reinsurance businesses. Great-West Lifeco has operations in
Canada, the United States, Europe and Asia through Great-West Life, London Life,
Canada Life, Irish Life, Great-West
Financial and Putnam Investments. Great-West Lifeco and its
companies have approximately $1.2
trillion* in consolidated assets under administration and
are members of the Power Financial Corporation group of companies.
To learn more, visit greatwestlifeco.com.
*Assets as of March 31,
2016
Media Relations, Marlene Klassen,
APR, Assistant Vice-President, Communication Services,
+1-204-946-7705; Investor Relations, Wendi
Thiessen, Assistant Vice-President, Corporate Finance &
Treasury, +1-204-946-7452