Is Power Co. of Canada (TSX:POW) Expanding Its Role in the S&P/TSX Composite Index Through Global Finance?

June 18, 2025 02:00 PM AEST | By Team Kalkine Media

Is Power Co. of Canada (TSX:POW) Expanding Its Role in the S&P/TSX Composite Index Through Global Finance? — Image source: shutterstock

Lifeco Segment and Insurance Services

One of the primary segments under Power Co. of Canada is Lifeco, which is active in insurance and retirement solutions. It facilitates life and health-related services across multiple regions. This network operates under several well-established entities, enabling the delivery of various financial protection offerings.

This segment positions the company within the structure of financial services firms listed in the S&P/TSX Composite Index, where similar institutions contribute to national and international insurance markets.

IGM Financial and Wealth Management

Another operating segment is IGM Financial, which engages in wealth advisory and asset management. It includes services directed toward retail and institutional clients through various channels. The segment holds multiple subsidiaries that manage funds and portfolios, expanding its presence within the asset management domain.

Its activity enhances the company’s footprint in markets that are also mirrored in the S&P/TSX Composite Index. These services align with other entities delivering scalable financial planning platforms in Canada and abroad.

Financial Services and Index Representation

Power Co. of Canada also holds an interest in GBL, a holding group based in Europe. This segment focuses on business development through strategic corporate ownership in a variety of sectors, ranging from energy to industrial goods.

This international component aligns with the global diversification strategies seen among other major Canadian firms listed in the S&P/TSX Composite Index. Cross-border participation enhances stability and broadens access to developed economies.

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