In 2025, Power Corporation celebrates its 100th anniversary, a meaningful milestone in its rich history.
For the past century, Power has been creating a positive impact for its employees, investors, clients, and communities — a century of steady growth achieved through sustainable long-term investments rooted in responsible management, consistency, and outstanding leadership. We are eager to take on the next hundred years and are committed to building on our past successes, as we continue to write new chapters in this unique Canadian success story.
View our 100th anniversary video
Explore Power Corporation’s history
April 18, 1925
Power Corporation is founded by A.J. Nesbitt and P.A. Thomson
Early common stock certificate of Power Corporation
1925-1950
Power Corporation continues to acquire minority positions in power companies across Canada, while also making substantial investments in diversified companies, including other sources of energy, finance, and pulp and paper
Power continues to acquire minority positions in power companies across Canada, while also making substantial investments in diversified companies, including other sources of energy, finance, and pulp and paper
Power makes its first direct investment in Investors Group, as part of a financing arrangement by which Investors bought 51% of The Great‑West Life Assurance Company, a first step in building an integrated financial services group
Pargesa’s headquarters building in Geneva, Switzerland
Power makes an initial investment in Pargesa Holding in alliance with several partners, including the Belgian entrepreneur Albert Frère, the beginning of an extraordinary partnership
Great-West Lifeco buys 100% of London Life, the first step of Power’s strategy to be a leading participant in the consolidation of the Canadian financial services industry
Great-West Lifeco acquires Putnam Investments, a world-class mutual fund brand, in line with its strategy of broadening its financial services business in the U.S.
Great-West Financial acquires J.P. Morgan Retirement Plan Services and announces that its retirement business would officially be named Empower Retirement™
Power Corporation and Power Financial announce a reorganization with the aim of simplifying the group’s corporate structure and refocusing Power Corporation’s strategy on financial services
Power Sustainable is founded; today, it is comprised of multiple strategies in sectors such as energy infrastructure, infrastructure credit, agri‑food private equity and decarbonization private equity
Empower strengthens its leading position in the U.S. market following a series of strategic acquisitions including Personal Capital, Massachusetts Mutual Life Insurance Company’s retirement services business and Prudential Financial’s full‑service retirement business