Q2 Financial Facts $9.0 Billion $34.3 Billion 13.2% $0.4130 136% $1.6

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Q2 Financial Facts $9.0 Billion $34.3 Billion 13.2% $0.4130 136% $1.6

Financial Q2 Facts Adapting to the Financial Results as of June 30, 2019 evolving needs of our customers With more than 31 million customer relationships worldwide, we’re responding to customer needs with Net benefits Sales products and services that paid to customers allow them the freedom to $9.0 billion $34.3 billion connect with us how and when they want. Return On Equity* Dividends paid Adjusted net earnings* 13.2% $0.4130 $658 million Consolidated assets LICAT ratio Credit ratings under administration Great-West Lifeco continues to 136% receive strong credit ratings relative $1.6 trillion to its North American peer group Life Insurance Capital due to its conservative risk profile Adequency Test and stable earnings track record. ABOUT GREAT-WEST LIFECO INC. 2019 second quarter results Great-West Lifeco is an international financial services holding Great-West Lifeco’s company with interests in life insurance, health insurance, retirement second quarter and investment services, asset management and reinsurance businesses. net earnings were $459 million, Great-West Lifeco has operations in Canada, the United States and compared to $831 million for the Europe through Great-West Life, London Life, Canada Life, Irish Life, second quarter of 2018. The second Empower Retirement and Putnam Investments. Great-West Lifeco and quarter 2019 earnings reflect the its companies have approximately $1.6 trillion in consolidated assets impact of the loss of $199 million under administration as at June 30, 2019 and are members of the on the sale of the U.S. individual Power Financial Corporation group of companies. Great-West Lifeco life insurance and annuity business trades on the Toronto Stock Exchange (TSX) under the ticker symbol GWO. during the quarter. See the news release at: greatwestlifeco.com. *Presented on an adjusted basis, a non-IFRS measure..

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