Power Financial Corp. is a management and holding company, which engages in the provision of financial services. It operates through the following segments: Lifeco, IGM Financial, Pargesa and Corporate. The Lifeco segment includes life insurance, health insurance, retirement and investment management services, and asset management and reinsurance businesses. The IGM Financial segment provides investment advisory and management services. The Pargesa segment covers the following sectors: minerals-based specialty solutions for industry; testing, inspection and certification; cement, aggregates and concrete; wines and spirits; sportswear design and distribution; materials technology and precious metals recycling; oil, gas and chemical industries; a global luxury brand; disposable hygiene products; equipment supply and project management for processing industries; and regional leisure parks operations. The Corporate segment refers to the corporate activities of Power Financial. The company was founded on April 5, 1940 and is headquartered in Montreal, Canada.