A.M. Best Affirms Ratings of Great-West Lifeco Inc. and Its Subsidiaries
The rating affirmations reflect Great-West Life Group’s highly diversified earnings profile by product and geography, strong market position in its core business lines, solid regulatory capital levels and the financial strength and support of its ultimate majority shareholder, Power Corporation of Canada. Given Great-West Life Group’s diversified insurance, reinsurance and financial services operations, along with its strong enterprise risk management capabilities, the impact it has experienced from low interest rates has been relatively modest. The organization has consistently generated significant cash flows from operations and has historically demonstrated its ability to manage its financial leverage and interest coverage within A.M. Best’s expectations for its current ratings.
Moreover,
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The economic events experienced in recent years have pressured Great-West Life Group’s overall operating performance, although the group’s life insurance entities have not experienced the same level of earnings sensitivity from equity market volatility as its competitors. In addition,
For a complete listing of Great-West Lifeco Inc. and its subsidiaries’ financial strength, issuer credit and debt ratings, please visit Great-West Lifeco Inc.
This press release relates to rating(s) that have been published on
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