Power Corporation of Canada is a diversified management and holding company. The Company has interest in the financial services, communications and other business sectors. Its principal asset is the controlling interest in Power Financial, which controls Lifeco and IGM. Power Financial Europe B.V., a subsidiary of Power Financial, and Frere Group of Belgium together have a controlling interest in Parges. Lifeco offers life insurance, health insurance, retirement and investment services, and is engaged in the asset management and reinsurance business. IGM Financial is a financial services company. It operates through its subsidiaries, including Square Victoria Communications Group, a 100% owned company engaged in the communications and media industry, and Power Energy, holding investments in renewable energy companies: Potentia Solar and Eagle Creek. It also operates equity investment funds in three geographies: Sagard Europe, Sagard Capital in the United States and Sagard China.