...Strong and Diversified Business Profile: The 'AA' IFS ratings of GWO's subsidiaries are in line with its implied ratings of 'AA'. Fitch views GWO's business profile as strong, supported by its diversification across products and geographies including life and health insurance, retirement and investment services, asset management, and reinsurance operations in Canada, the U.S., and Europe. Fitch's assessment also reflects GWO's leading market positions in several product segments, particularly in Canada. The company's established brands, extensive distribution network, conservative risk appetite, and low-risk product offerings further strengthen the business profile by supporting a reliable and consistent earnings stream. Supportive Capitalization: Fitch views GWO's capitalization as supportive of its ratings. The company's operating subsidiaries continue to maintain strong regulatory capital ratios that exceed both regulatory minimums and internal targets. This includes its main Canadian...
