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Fact Sheet

Highlights

  • Headquarters in Greenwood Village, Colorado
  • 3,200 employees in more than 50 locations across the United States
  • Led by President & Chief Executive Officer Mitchell T.G. Graye
  • $172 billion in assets under administration
  • No.2 insurer by total premium in life insurance sold through banks1
  • No.4 defined contribution record keeper by total participant accounts2

Corporate Profile

Great-West Life & Annuity Insurance Company (Great-West) serves millions of Americans through a range of group retirement savings products and services, individual retirement accounts, life insurance and annuities, and business-owned life insurance.

We conduct our principal businesses through two divisions, Retirement Services and Individual Markets.

Great-West was incorporated in 1907. We trace our roots to our former parent company, incorporated in 1891.

Great-West is an indirect, wholly owned subsidiary of Great-West Lifeco Inc. (Lifeco) and “A Member of the Power Financial Corporation Group of Companies”®. The company’s sole stockholder is Lifeco subsidiary GWL&A Financial Inc. Lifeco shares are traded on the Toronto Stock Exchange (GWO).

Great-West Life & Annuity Insurance Company is not licensed to conduct business in New York. Insurance products and related services are sold in New York by its subsidiary, First Great-West Life & Annuity Insurance Company, White Plains, New York.

Great-West Retirement Services® Division

  • 4.4 million recordkeeping accounts
  • 25,000 retirement plans served
  • $151 billion in retirement plan assets administered
  • Led by Great-West Retirement Services President Charles P. Nelson
  • Offers employer-sponsored defined contribution plans, enrollment services, communication materials, investment options and education services; administrative and recordkeeping services for financial institutions and employer-sponsored defined contribution plans and associated defined benefit plans; and fund management, investment and advisory services
  • Distributes retirement services products to plan sponsors through brokers, consultants, advisors, third-party administrators and banks and distributes FASCore recordkeeping and administrative services through institutional clients

Individual Markets Division

  • 517,000 individual accounts
  • $21.4 billion in assets administered
  • Led by Executive Vice President Robert K. Shaw
  • Offers individual retirement accounts,  individual term and single-premium life insurance, individual annuity products and business-owned life insurance and executive benefits products
  • Distributes individual life and annuity products through financial institutions and distributes business-owned life insurance and executive benefits products through specialized consultants

Community Involvement

Our signature initiative is the Great-West Great-TeachersSM personal financial literacy grant program, which assists Colorado educators with bringing financial education programs into classrooms.

Great-West also supports the American Heart Association, Susan G. Komen for the Cure, and the National Multiple Sclerosis Society through community sponsorships.

In addition, we support our employees who donate their time and finances to causes in their communities through volunteer and financial matching programs and our annual giving campaign.

 

All figures and rankings are as of Dec. 31, 2011.

1The Kehrer-LIMRA Life Report, Fourth Quarter 2011.

2Pensions & Investments, April 2012.

“A Member of the Power Financial Corporation Group of Companies” is the registered mark of Power Corporation of Canada.

Great-West Retirement Services® refers to products and services provided by Great-West Life & Annuity Insurance Company, First Great-West Life & Annuity Insurance Company, FASCore, LLC, and other subsidiaries. Recordkeeping numbers reflect all FASCore customers: those of institutional clients, third-party administrator clients, and Great-West Retirement Services. Great-West Retirement Services® is a registered trademark of Great-West Life & Annuity Insurance Company. Not an offer to purchase or sell securities. This overview is for informational purposes and is not an offer to sell or a solicitation of an offer to buy any securities, and may not be relied upon in connection with the purchase or sale of any security.