TSX:GWOInsurance
Empower’s Milliman Deal Could Be A Game Changer For Great-West Lifeco (TSX:GWO)
In June 2026, Great-West Lifeco’s subsidiary Empower agreed to acquire Milliman’s retirement plan and benefits administration business for US$340 million, adding US$130 billion in client assets and 1.5 million plan participants across defined contribution, defined benefit, and health and welfare administration.
This deal deepens Empower’s role in fee-based workplace retirement services, potentially reshaping the balance between capital-light administration income and more traditional...