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Credit ratings
Ratings agencies assign financial strength or credit ratings to Great-West Lifeco, its subsidiaries and its securities. Ratings shown are current as of September 30, 2024.
Financial strength ratings
| Company | S&P Global Ratings | Moody's Investor Service Inc. |
AM Best Company | Fitch Ratings Inc. | Morningstar DBRS |
|---|---|---|---|---|---|
| The Canada Life Assurance Company | AA Very Strong |
Aa3 High Quality |
A+ Superior |
AA Very High Quality |
AA Excellent |
| Empower Annuity Insurance Company of America | AA Very Strong |
Aa3 High Quality |
A+ Superior |
AA Very High Quality |
|
| Irish Life Assurance plc | AA Very High Quality |
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| Canada Life International Reinsurance Corporation Limited | A+ Superior |
AA Very High Quality |
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| Canada Life Re Ireland dac |
A+ Superior |
AA Very High Quality |
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| Canada Life Reinsurance Company |
A+ Superior |
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| Empower Annuity Insurance Company |
AA Very Strong |
A+ Superior |
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| Empower Life & Annuity Insurance Company of New York |
AA Very Strong |
Aa3 High Quality |
A+ Superior |
AA Very High Quality |
|
| London Life and Casualty Reinsurance Corporation | A+ Superior |
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| London Life and Casualty (Barbados) Corporation |
A+ Superior |
Senior unsecured debt ratings
| Company | S&P Global Ratings | Moody's Investor Service Inc. |
AM Best Company | Fitch Ratings Inc. | Morningstar DBRS |
|---|---|---|---|---|---|
| Great-West Lifeco Inc. |
A+ |
a |
A |
A (high) |
Subordinated debt ratings
| Company | S&P Global Ratings | Moody's Investor Service Inc. |
AM Best Company | Fitch Ratings Inc. | Morningstar DBRS |
|---|---|---|---|---|---|
| Great-West Lifeco Inc. |
A- |
a- |
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| The Canada Life Assurance Company |
AA- |
A2 | |
A+ | AA (low) |
Issuer credit rating
| Company | S&P Global Ratings | Moody's Investor Service Inc. |
AM Best Company | Fitch Ratings Inc. | Morningstar DBRS |
|---|---|---|---|---|---|
| Great-West Lifeco Inc. |
A+ |
a |
A+ | A (high) | |
| The Canada Life Assurance Company |
AA |
aa |
AA- | AA | |
| Empower Holdings, LLC |
A+ |
|
Preferred share ratings
| Company | S&P Global Ratings | Moody's Investor Service Inc. |
AM Best Company | Fitch Ratings Inc. | Morningstar DBRS |
|---|---|---|---|---|---|
| Great-West Lifeco Inc. |
P-1 (Low) 1 A- 2 |
bbb+ |
BBB+ | Pfd-2 (high) | |
| The Canada Life Assurance Company |
|
Pfd-1 |
Limited recourse capital notes
| Company | S&P Global Ratings | Moody's Investor Service Inc. |
AM Best Company | Fitch Ratings Inc. | Morningstar DBRS |
|---|---|---|---|---|---|
| Great-West Lifeco Inc. |
A- |
BBB+ | A (low) |
1 The Canada scale rating for preferred shares
2 The Global scale rating for preferred shares