Great-West Lifeco Inc at National Bank Financial Services Conference Transcript

Mar 30, 2023 / 03:40PM GMT
Gabriel Dechaine - National Bank Financial - Analyst

Welcome again, and I'd like to thank Paul Mahon, Chief Executive Officer of Great-West Lifeco to the stage again this year. Nice to see you again and always appreciate spending the time and asking you have a bunch of questions.

Questions and Answers:

Gabriel Dechaine - National Bank Financial - Analyst

Well, I'd like to kick off with more topical -- the topical one, you're -- of the companies I cover, you have UK and European exposure. Given the backdrop in the financial markets these days, the natural questions arise around how much balance sheet exposure do you have to some of the more topical names in banks or otherwise.

Paul Mahon - Great-West Lifeco Inc. - President, CEO, & Director

Yes, sure. Well, anyway, thank you. I'm glad to be here. So I'll start off sort of top of the house. Our exposure to bank debt is about 4.4% of our invested assets or about $11 billion. So that's across the institution, Canada, the Europe, and US. And if I go to Europe --
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