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Great-West Lifeco Inc.
 
the Group's principal activities are to provide life and health insurance, investment and retirement savings and reinsurance businesses, primarily in Canada and the US.  The Group provides life and accidental death and dismemberment insurance, short and long-term disability insurance and disability management programs, drug/dental/vision coverage not provided by Medicare, employee assistance plans, flexible benefit plans, benefit plans for individuals and their families.  Other products and services include fund management, investment and advisory services for more than 200 institutional clients.  It also undertakes reinsurance for life, property and casualty, accident and health and annuity reinsurance.  On July 10, 2003 the Group acquired Canada Life Financial Corp.

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Industrial Alliance Insurance and Financial Services Inc.
formerly known as Industrial-Alliance Life Insurance Co.  The Group's principal activity is to provide insurance and financial products and services in Canada.  It offers a wide range of life and health insurance products, savings and retirement plans, RRSPs, investment funds, mortgage loans, securities brokerage services, general insurance and other financial services.  The Group's products are available on an individual and group basis.  The Group has operations across Canada, Quebec and certain regions in the Western US.  In 2004, the Group acquired Lynch Investments Ltd., Services de Gestion Evolution FM Inc., additional 50.25% of FundEX Investments Inc. and BLC-Edmond de Rothschild Asset Management Inc.
 

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Manulife Financial Corp.
The Group's principal activities are to provide financial products and services, including individual life insurance, group life and health insurance, pension products, annuities and mutual funds.  The products and services are provided to individual and group customers in Canada, the US and Asia.  The Group is a holding company of The Manufacturers Life Insurance Company.  In addition, the Group also offers reinsurance services and provides investment management services with respect to the Company's general fund assets, segregated fund assets and mutual funds and in Canada and Asia, to institutional customers.  On April 28, 2004, the Group acquired John Hancock Financial Services Inc..
 

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Sun Life Financial Services of Canada Inc.
is an international financial services company.  The company provides savings, retirement, pension and life and health insurance products and services to individual and corporate customers.  Sun Life's wealth management segment includes its asset management, mutual fund, pension, annuity and trust and brokerage operations.  The protection segment comprises the company's insurance, or protection, operations around the world, including its group life and health insurance businesses in the US, Canada and the UK, the individual insurance businesses and reinsurance operations.  Sun Life operates in Canada, the US, the UK and Asia.
 

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