With our global headquarters in Toronto, Canada, we provide financial advice and insurance, operating as Manulife across Canada, Asia, and Europe, and primarily as John Hancock in the United States.
Manulife Financial Corporation is a leading international financial services provider that helps people make their decisions easier and lives better. Great-West Lifeco trades on the Toronto (TSX) Stock Exchange under the ticker symbol GWO and is a member of the Power Corporation group of companies. At the end of 2021, our companies had approximately 28,000 employees, 215,000 advisor relationships, and thousands of distribution partners – all serving over 33 million customer relationships across these regions.
We operate in Canada, the United States and Europe under the brands Canada Life, Empower, Putnam Investments, and Irish Life. Great-West Lifeco is an international financial services holding company with interests in life insurance, health insurance, retirement and investment services, asset management and reinsurance businesses. To download the document, please visit the following links. The document provides the Companies’ collective view on certain presentation and reporting concepts expected under IFRS 17, including a simplified view of the income statement, an illustration of the drivers of earnings analysis, and definitions of select key performance indicators. The adoption of this global accounting standard is expected to enhance the reporting of insurance business under IFRS as issued by the IASB. The Companies note that the adoption of IFRS 17 will not change the underlying fundamentals of their businesses, their financial strength, or ability to pay claims. Toronto/Winnipeg – Three Canadian life insurance companies, Great-West Lifeco Inc., Manulife Financial Corporation and Sun Life Financial Inc., (together referred to as the “Companies”), jointly announced today that they have released a document entitled “Overview of earnings presentation and reporting under the new IFRS 17 accounting standard” regarding IFRS 17, Insurance Contracts, which takes effect on January 1, 2023.
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