Company Profile - Power Corporation of Canada

Introduction

Power Corporation of Canada (Power Corporation) is a diversified international management and holding company, which holds interests in companies in communications, financial services, renewable energy, and other business sectors. The company, through its subsidiaries, provides a range of retirement and investment services, life insurance, reinsurance, investment management services, asset management and health insurance to individuals, businesses, and other private and public companies. It also focuses on specialty minerals; testing, inspection, and certification; cement, aggregates, and concrete; oil, gas, and renewable energies; wines and spirits; materials technology and recycling; and design and distribution of sportswear. The company’s operations are spanned across the US, Canada, and Europe. Power Corporation is headquartered in Montreal, Quebec, Canada. The company reported gross premiums written of CAD57,375 million for the fiscal year ended December 2021 (FY2021), an increase of 20.2% over that in FY2020. Its net premiums were CAD52,791 million in FY2021, an increase of 22.8% over that in FY2020.