September 28, 2016 11:24 PM ET


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

Company Overview

Great-West Life & Annuity Insurance Company provides various life insurance, retirement, and investment products to individuals, businesses, and other private and public organizations in the United States. The company’s Individual Markets segment offers participating life, 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), and PPVUL with a stable value guarantee feature; and annuity and retirement products to individuals and businesses. This segment distributes its individual life insurance through wholesale and retail sales ...

8515 East Orchard Road

Greenwood Village, CO 80111

United States

Founded in 1907

5,400 Employees



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

Chief Executive Officer, President, Director, Member of Executive Committee and Member of Risk Committee
Age: 64
Chief Financial Officer and Senior Vice President
Age: 53
President of Individual Markets
Age: 60
President of Empower Retirement
Age: 54
Chief Investment Officer, Senior Vice President and General Account
Age: 53
Compensation as of Fiscal Year 2016.

Great-West Life & Annuity Insurance Co. Key Developments

Great-West Life & Annuity Insurance Co. Announces the Resignation of Michel Plessis-B Lair as Board of Director

Great-West Life & Annuity Insurance Co. announced that effective May 13, 2016, Michel Plessis-B lair retired from the Board of Directors of the company.

Great-West Financial Announces Unaudited Earnings Results for the First Quarter Ended March 31, 2016

Great-West Financial announced unaudited earnings results for the first quarter ended March 31, 2016. The company's sales were USD 20.3 billion, up from USD 8.0 billion in the first quarter of 2015, primarily due to an increase in Empower Retirement driven by large plan sales. Approximately 90% of the in-quarter sales increase related to one new client with over 200,000 participants. Financial net earnings were USD 88 million.

Great–West Financial Appoints Michael P. McCarthy as Senior Vice President of National Sales

Great–West Financial announced the appointment of Michael P. McCarthy as Senior Vice President of National Sales. He will oversee all aspects of the firm’s variable annuity wholesaling operation, including sales, service and distribution. McCarthy, based in Greenwood Village, reports directly to Bob Shaw, President of Individual Markets for Great–West Financial. McCarthy’s career includes over 25 years of experience and a track record of developing successful distribution organizations. For the past seven years McCarthy was managing director and chief sales officer with AXA Equitable where he was responsible for all sales and distribution of variable annuities. In this role, he managed five distribution channels that sold variable annuities through financial advisors and delivered over $7 billion in sales in 2014. Earlier, McCarthy served as National Sales Manager, for AXA, where he rose through the ranks eventually leading broker–dealer, bank and wholesaling teams. Previously, McCarthy held roles with Dividend Capital and Scudder Investments, among other organizations.

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