Description

Power Corporation of Canada functions as an international management and holding company, extending its operations across North America, Europe, and Asia. The company's activities are structured through its Lifeco, IGM Financial, and GBL segments. It delivers a comprehensive suite of financial products and services, including various types of insurance such as life, disability, critical illness, accidental death, dismemberment, health, dental, and creditor protection. The firm also provides retirement and investment management, asset management, reinsurance, and retrocession services, alongside investment advisory, financial planning, and a range of fund, protection, and wealth management offerings. Specific financial solutions include employer-sponsored defined contribution plans, individual retirement accounts (IRAs), drawdown services, enrollment and communication support, diverse investment options, and educational resources. They also facilitate taxable brokerage accounts and offer private label recordkeeping and administrative services. Investment products span payout annuities, equity release mortgages, life bonds, various securities, pension, private equity, debt, and thematic funds, encompassing equity, fixed income, absolute return and alternative strategies, exchange-traded funds (ETFs), trust funds, and model-based separately managed accounts and portfolios. Beyond its core financial endeavors, Power Corporation maintains substantial interests in a diverse portfolio of other businesses. These range from mineral-based specialty solutions, testing, inspection, and certification services, to construction materials like cement, aggregates, and concrete. The company also invests in consumer sectors such as wines and spirits, the design and distribution of sportswear and sports equipment, materials technology and the recycling of precious metals, disposable hygiene products, and Atlantic salmon farming. Further holdings include customer experience and business process outsourcing, regional leisure parks, mobile game development and publishing, and bicycle manufacturing. Additionally, Power Corporation is engaged in renewable energy generation through solar and wind facilities, and the design, development, and manufacturing of specification-grade LED solutions and zero-emission vehicles. Established in Montréal, Canada, in 1925, Power Corporation of Canada operates as a subsidiary of Pansolo Holding Inc.