Great-West Lifeco Inc. · TSX:GWO
Great-West Lifeco — Corporate Update (April 2017)
6 slides from Great-West Lifeco's corporate update, Apr 25, 2017
Slide 1: Canadian Business Transformation: Announcement of Q2 2017 Restructuring Charge
Canadian Business Transformation Announcement of Q2 2017 Restructuring Charge April 25, 2017 Delivering on our Commitments Today and Tomorrow
Slide 2: Cautionary notes
Cautionary notes CAUTIONARY NOTE REGARDING FORWARD-LOOKING INFORMATION This document may contain forward-looking statements. Forward-looking statements include statements that are predictive in nature, depend upon or refer to future events or conditions, or include words such as "expects", "anticipa
Slide 3: Business model realigned around the customer
Business model realigned around the customer Product-centric Customer-centric Group Individual Wealth Group Individual Insurance Insurance Management Customer Customer Individual Distribution & Marketing Strategic Customer Marketing
Slide 4: Investing in future growth continues
Investing in future growth continues • Digital services • Data and analytics • Innovation and customer experience 4
Slide 5: Expense discipline remains a focus
Expense discipline remains a focus Reducing costs and enhancing productivity through: • Process automation and simplification • Effective use of technology • Real estate optimization • Adapting our workforce 5
Slide 6: Q2 2017 restructuring charge
Q2 2017 restructuring charge Amount of the charge: • $215M pre-tax in total allocated between participating and non-participating accounts • $172M pre-tax / $127M after-tax to common shareholder net earnings or $0.13 per share Items included in the • Employee severance payments charge: • Real estate