Prudential Financial Inc (NYSE:PRU)
$ 119.9388 0.6788 (0.57%) Market Cap: 42.45 Bil Enterprise Value: 61.82 Bil PE Ratio: 10.60 PB Ratio: 1.40 GF Score: 68/100
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Great-West Lifeco Inc U.S. Subsidiary Agrees to Acquire Prudential Financial Inc Full-Service Retirement Business Call Transcript

Jul 21, 2021 / 01:00PM GMT
Release Date Price: $101.21 (+2.17%)
Operator

Thank you for standing by. This is the conference operator. Welcome to the Great-West Lifeco Conference Call. (Operator Instructions)

I'd now like to turn the conference over to Mr. Paul Mahon, President and CEO. Please go ahead.

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

Thank you, Gillian, and good morning to everyone. Today, I'm pleased to announce that Great-West Lifeco's subsidiary, Empower Retirement, has entered into a definitive agreement to acquire the full-service retirement business of Prudential Financial. Joining me on the call to discuss this exciting news is Ed Murphy, President and CEO of Empower Retirement; and Garry MacNicholas, Executive Vice President and Chief Financial Officer of Great-West Lifeco.

Please turn to Slide 2. Before we start, I'll draw your attention to our cautionary notes regarding forward-looking information and non-IFRS financial measures. These notes apply to today's discussion and presentation materials. Also, please note that all financial information throughout the

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