January 31, 2015 6:22 AM ET

Insurance

Company Overview of Great-West Life & Annuity Insurance Co.

Company Overview

Great-West Life & Annuity Insurance Company provides various life insurance, and retirement and investment products to individuals, businesses, and other private and public organizations in the United States, Puerto Rico, Guam, and the United States Virgin Islands. The company’s Individual Markets segment offers various forms of life insurance, annuity, and retirement products to individuals and businesses. Its life insurance products include participating and non-participating term life, whole life, universal life, and variable universal life, as well as premium universal life insurance, registered variable universal life insurance, private placement variable universal life insurance (PPVUL...

8515 East Orchard Road

Greenwood Village, CO 80111

United States

Founded in 1907

3,300 Employees

Phone:

303-737-3000

Key Executives for Great-West Life & Annuity Insurance Co.

President of Retirement Services
Age: 53
Executive Vice President of Individual Markets
Age: 58
Senior Vice President of 401(K) Standard Markets
Age: 47
Principal Accounting Officer and Vice President of Reporting & Finance
Age: 53
Chief Information Officer and Senior Vice President
Age: 55
Compensation as of Fiscal Year 2014.

Great-West Life & Annuity Insurance Co. Key Developments

Great-West Life & Annuity Insurance Co. Reports Unaudited Earnings Results for the Third Quarter and Nine Months Ended September 30, 2014

Great-West Life & Annuity Insurance Co. reported unaudited earnings results for the third quarter and nine months ended September 30, 2014. Net earnings attributable to common shareholders for the third quarter of 2014 were $107 million compared to $76 million in the third quarter of 2013. Sales in the third quarter of 2014 were $6.2 billion, up from $2.2 billion in the third quarter of 2013 due to one large 401(k) plan sale and significant increases in Individual Markets' sales in the executive benefits, retail bank insurance, Individual Retirement Account (IRA) and individual annuity markets. The company reported net earnings of $115 million in the third quarter compared to $86 million for the same period last year. Sales for the nine months ended September 30, 2014 were $11.3 billion compared to $7.2 billion in 2013.

Great-West Life & Annuity Insurance Co. Announces Board Changes

Great-West Life & Annuity Insurance Company announced that effective May 2, 2014, Raymond L. McFeetors and Mitchell T.G. Graye retired from their positions as members of the Board of Directors. Effective May 2, 2014, Marcel R. Coutu, Olivier Desmarais, Paul Desmarais III, Robert L. Reynolds and T. Timothy Ryan, Jr. were elected as members of the Board of Directors. Mr. Coutu and Mr. Ryan were each appointed to the company's Executive Committee, Investment and Credit Committee, Risk Committee, Compensation Committee and Governance and Nominating Committee. Olivier Desmarais and Paul Desmarais III were each appointed to the company's Executive Committee, Investment and Credit Committee and Risk Committee. Mr. Reynolds was appointed to the company's Executive Committee and Risk Committee.

Mitchell T.G. Graye Plans to Retire from Great-West Life & Annuity Insurance Co. as President, Chief Executive Officer and Principal Financial Officer

On February 13, 2014, Great-West Life & Annuity Insurance Co. announced that Mitchell T.G. Graye, the company's President and Chief Executive Officer and principal financial officer, plans to retire on May 8, 2014, following the annual meeting of shareholders of Great-West Lifeco Inc., the company's parent company. Mr. Graye will continue to lead Great-West Financial until his retirement.

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