Power Financial Corporation · Montreal, PQ Canada ·(Toronto: PWF)
Company Description
Phone: +1-514-286-7400
Fax: +1-514-286-7424
Rankings
- #435 in FT Global 500
- TSX Completion
View Power Financial Corporation Locations On A US Map
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This link will open in a new window Power Financial gets a charge out of insurance and investments. The holding company seeks controlling stakes in financial services companies in the US, the UK, and Canada. Core investments include 73%-owned Great-West Lifeco (subsidiaries include Great-West Life Assurance , Canada Life , and London Life Insurance, leading providers of insurance in Canada). Lifeco's US subsidiary, Great-West Life & Annuity Insurance , provides employee benefits and retirement plans. Boston-based fund manager Putnam Investments is also part of the family. Power Financial owns about half of IGM Financial , which owns Investors Group and Mackenzie Financial , distributors of mutual funds and other investment products and services. To read the full description, subscribe now.
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Key Power Financial Corporation Financials
| Company Type | Public - Toronto: PWF Headquarters |
| Fiscal Year-End | December |
| 2008 Sales (mil.) | $29,849.7 |
| 2008 Employees | 30,000 |
Power Financial Corporation Executives
25 executives listed for Power Financial Corporation's Montreal, PQ location.
| Title | Name & Bio | Contact |
| Co-Chairman | Paul Desmarais | Network |
| Co-Chairman | André Desmarais | Network |
| Vice Chairman | Henri-Paul Rousseau | Network |
Competition
Competitive Landscape for Power Financial Corporation
Demand is related to consumer income and commercial business activity. When the economy grows, so does the demand for personal and business insurance. When the economy contracts, as it did in the late 2000s, demand for insurance falls. The profitability of individual agencies depends on effective marketing, client referrals, and customer service. Large agencies have advantages in name recognition, connections with more insurers, and the ability to craft more complex insurance packages. Although small agencies formerly competed by specializing in a specific product line, they are increasingly diversifying to build business. Average annual revenue per employee is around $200,000. To read the full description, subscribe now.Top Power Financial Corporation Competitors
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