Mr. Paul Mahon reports

GREAT-WEST LIFECO HOSTS 2025 INVESTOR DAY, DEMONSTRATING HOW THE COMPANY IS DRIVING GROWTH AND DELIVERING LASTING VALUE

Great-West Lifeco Inc. will host an investor day in Toronto, Ont., 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 equity objective to more than 19 per cent, up from 16 per cent to 17 per cent; introducing a new objective for base capital generation of more than 80 per cent; and reaffirming its confidence in base EPS (earnings per share) growth objective of 8 per cent to 10 per cent and base dividend payout ratio objective of 45 per cent to 55 per cent.

"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 of 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. Great-West Lifeco operates in Canada, the United States and Europe under the brands Canada Life, Empower and Irish Life. Together, the company provides wealth, retirement, workplace benefits, and insurance and risk solutions to its over 40 million customer relationships. As of Dec. 31, 2024, Great-West Lifeco's total client assets exceeded $3-trillion. Great-West Lifeco trades on the Toronto Stock Exchange under the ticker symbol GWO and is a member of the Power Corp. group of companies.