Great-West Lifeco

-13.24%

Live  

Great-West Lifeco is a leading Canadian financial services company that offers a wide range of insurance, retirement, and investment products. The company was founded in 1891 and is based in Winnipeg, Manitoba. It is a subsidiary of Power Corporation of Canada. Great-West Lifeco has operations in Canada, the United States, Europe, and Asia. It is one of the largest life and health insurance companies in Canada and a major player in the North American retirement and investment market. The company's mission is to help customers achieve financial security and peace of mind through innovative solutions and excellent customer service. Great-West Lifeco is committed to community involvement and has a strong focus on corporate social responsibility. It has been recognized for its commitment to diversity and inclusion, environmental sustainability, and ethical business practices. Great-West Lifeco's brands include Great-West Life, Canada Life, and London Life.

R3JlYXQtV2 VzdCBMaWZl Y28gaXMgYS BiaWcgY29t cGFueSB0aG F0IGhlbHBz IHBlb3BsZS B3aXRoIG1v bmV5IGFuZC B0aGVpciBm dXR1cmUuIE ltYWdpbmUg aWYgeW91IH dhbnRlZCB0 byBzYXZlIG 1vbmV5IGZv ciB0aGluZ3 MgbGlrZSBi dXlpbmcgYS BuZXcgYmlr ZSBvciBnb2 luZyB0byBj b2xsZWdlIH doZW4geW91 IGdyb3cgdX AuIEdyZWF0 LVdlc3QgTG lmZWNvIGhl bHBzIHBlb3 BsZSBzYXZl IG1vbmV5IG ZvciBiaWcg ZXZlbnRzIG luIHRoZWly IGxpdmVzLC BsaWtlIGJ1 eWluZyBhIG hvdXNlIG9y IHBsYW5uaW 5nIGZvciBy ZXRpcmVtZW 50IHdoZW4g dGhleSBhcm Ugb2xkZXIu PGJyPlRoZS Bjb21wYW55 IG9mZmVycy B0aGluZ3Mg Y2FsbGVkIG luc3VyYW5j ZSBhbmQgaW 52ZXN0bWVu dCBwbGFucy 4gSW5zdXJh bmNlIGlzIG xpa2UgYSBz YWZldHkgbm V04oCUaWYg c29tZXRoaW 5nIHVuZXhw ZWN0ZWQgaG FwcGVucywg bGlrZSBnZX R0aW5nIHNp Y2sgb3IgaG F2aW5nIGFu IGFjY2lkZW 50LCB0aGUg aW5zdXJhbm NlIGhlbHBz IHBheSBmb3 IgaXQuIFRo aXMgbWFrZX MgcGVvcGxl IGZlZWwgc2 FmZSBhbmQg aGFwcHkuIE ludmVzdG1l bnQgcGxhbn MgYXJlIHdh eXMgZm9yIH Blb3BsZSB0 byBwdXQgdG hlaXIgbW9u ZXkgc29tZX doZXJlIGl0 IGNhbiBncm 93IG92ZXIg dGltZSwgc2 8gdGhleSBo YXZlIG1vcm UgbW9uZXkg aW4gdGhlIG Z1dHVyZS48 YnI+R3JlYX QtV2VzdCBM aWZlY28gbW FrZXMgbW9u ZXkgYnkgY2 hhcmdpbmcg ZmVlcyBmb3 IgdGhlc2Ug aW5zdXJhbm NlIGFuZCBp bnZlc3RtZW 50IHNlcnZp Y2VzLiBXaG VuIHBlb3Bs ZSBjaG9vc2 UgdG8gYnV5 IGluc3VyYW 5jZSBvciBp bnZlc3QgdG hlaXIgbW9u ZXkgd2l0aC B0aGVtLCBH cmVhdC1XZX N0IExpZmVj byBlYXJucy Btb25leSBm cm9tIHRob3 NlIGZlZXMu PGJyPk5vdy wgd2h5IGlz IEdyZWF0LV dlc3QgTGlm ZWNvIHN1Y2 Nlc3NmdWw/ IEZpcnN0LC B0aGV5IGhh dmUgYmVlbi Bhcm91bmQg Zm9yIGEgbG 9uZyB0aW1l IGFuZCBoYX ZlIGJ1aWx0 IHRydXN0IH dpdGggbWFu eSBwZW9wbG UuIFBlb3Bs ZSBmZWVsIG NvbWZvcnRh YmxlIGdpdm luZyB0aGVp ciBtb25leS B0byBzb21l b25lIHRoZX kgdHJ1c3Qu IFNlY29uZC wgdGhleSBv ZmZlciBhIG xvdCBvZiBk aWZmZXJlbn Qgc2Vydmlj ZXMsIHNvIG 5vIG1hdHRl ciB3aGF0IH NvbWVvbmUg bmVlZHMgZm 9yIHRoZWly IGZpbmFuY2 lhbCBqb3Vy bmV5LCBHcm VhdC1XZXN0 IExpZmVjby B1c3VhbGx5 IGhhcyBzb2 1ldGhpbmcg dGhhdCBmaX RzLjxicj5M b29raW5nIH RvIHRoZSBm dXR1cmUsIE dyZWF0LVdl c3QgTGlmZW NvIGlzIGxp a2VseSB0by BzdGF5IHN1 Y2Nlc3NmdW wgYmVjYXVz ZSBwZW9wbG Ugd2lsbCBh bHdheXMgbm VlZCBoZWxw IHdpdGggdG hlaXIgZmlu YW5jaWFsIH BsYW5zIGFu ZCBpbnN1cm FuY2UuIFRo ZSB3b3JsZC BpcyBhbHdh eXMgY2hhbm dpbmcsIGFu ZCBhcyBsb2 5nIGFzIEdy ZWF0LVdlc3 QgTGlmZWNv IGtlZXBzIG ZpbmRpbmcg bmV3IHdheX MgdG8gaGVs cCBwZW9wbG UgYW5kIGFk YXB0aW5nIH RvIHRob3Nl IGNoYW5nZX MsIHRoZXkg c2hvdWxkIG NvbnRpbnVl IHRvIGRvIH dlbGwuIFBs dXMsIG1vcm UgcGVvcGxl IGFyZSBzdG FydGluZyB0 byB1bmRlcn N0YW5kIGhv dyBpbXBvcn RhbnQgaXQg aXMgdG8gc2 F2ZSBhbmQg cHJvdGVjdC B0aGVpciBt b25leSwgd2 hpY2ggbWVh bnMgbW9yZS BjdXN0b21l cnMgZm9yIE dyZWF0LVdl c3QgTGlmZW NvLjxicj4=

R3JlYXQtV2 VzdCBMaWZl Y28gaXMgYS BsZWFkaW5n IENhbmFkaW FuIGZpbmFu Y2lhbCBzZX J2aWNlcyBj b21wYW55IH RoYXQgcHJv dmlkZXMgYS B3aWRlIHJh bmdlIG9mIH dlYWx0aCBt YW5hZ2VtZW 50LCBpbnN1 cmFuY2UsIG FuZCByZXRp cmVtZW50IH NvbHV0aW9u cyB0byBpbm RpdmlkdWFs cyBhbmQgb3 JnYW5pemF0 aW9ucy4gVG hleSBoYXZl IGEgbG9uZy BoaXN0b3J5 IG9mIGZpbm FuY2lhbCBz dGFiaWxpdH kgYW5kIHN0 cm9uZyBjdX N0b21lciBy ZWxhdGlvbn NoaXBzLCBk YXRpbmcgYm FjayB0byAx ODkxLjxicj 5PbmUgb2Yg dGhlIGtleS BmYWN0b3Jz IHRoYXQgc2 V0cyBHcmVh dC1XZXN0IE xpZmVjbyBh cGFydCBpcy B0aGVpciBk aXZlcnNpZm llZCBidXNp bmVzcyBtb2 RlbC4gVGhl eSBvcGVyYX RlIHRocm91 Z2ggYSBuZX R3b3JrIG9m IHN1YnNpZG lhcnkgY29t cGFuaWVzLC BpbmNsdWRp bmcgR3JlYX QtV2VzdCBM aWZlLCBMb2 5kb24gTGlm ZSwgQ2FuYW RhIExpZmUs IGFuZCBFbX Bvd2VyIFJl dGlyZW1lbn QuIEVhY2gg b2YgdGhlc2 UgY29tcGFu aWVzIGhhcy BhIHNwZWNp ZmljIGZvY3 VzIGFuZCBl eHBlcnRpc2 UsIGFsbG93 aW5nIHRoZW 0gdG8gc2Vy dmUgYSBkaX ZlcnNlIHJh bmdlIG9mIG NsaWVudHMg YW5kIG1hcm tldHMuPGJy PkdyZWF0LV dlc3QgTGlm ZWNvIGlzIG Fsc28gY29t bWl0dGVkIH RvIGlubm92 YXRpb24gYW 5kIHRlY2hu b2xvZ3ksIG NvbnN0YW50 bHkgYWRhcH RpbmcgYW5k IGV2b2x2aW 5nIHRvIG1l ZXQgdGhlIG NoYW5naW5n IG5lZWRzIG 9mIHRoZWly IGN1c3RvbW Vycy4gVGhl eSBoYXZlIG Egc3Ryb25n IGZvY3VzIG 9uIGRpZ2l0 YWwgc29sdX Rpb25zIGFu ZCBoYXZlIG ludmVzdGVk IGhlYXZpbH kgaW4gdGVj aG5vbG9neS B0byBlbmhh bmNlIHRoZW lyIHByb2R1 Y3RzIGFuZC BzZXJ2aWNl cy48YnI+SW 4gYWRkaXRp b24sIEdyZW F0LVdlc3Qg TGlmZWNvIG lzIGtub3du IGZvciB0aG VpciBzdHJv bmcgY29ycG 9yYXRlIHNv Y2lhbCByZX Nwb25zaWJp bGl0eSBpbm l0aWF0aXZl cy4gVGhleS BoYXZlIGEg bG9uZyBoaX N0b3J5IG9m IHN1cHBvcn RpbmcgY29t bXVuaXRpZX MgYW5kIGNo YXJpdGFibG Ugb3JnYW5p emF0aW9ucy B0aHJvdWdo IHRoZWlyIH BoaWxhbnRo cm9waWMgZW Zmb3J0cywg aW5jbHVkaW 5nIHRoZWly IGFubnVhbC BVbml0ZWQg V2F5IGNhbX BhaWduIGFu ZCBzdXBwb3 J0IGZvciBt ZW50YWwgaG VhbHRoIGlu aXRpYXRpdm VzLjxicj5P dmVyYWxsLC BHcmVhdC1X ZXN0IExpZm VjbydzIGNv bW1pdG1lbn QgdG8gZGl2 ZXJzaWZpY2 F0aW9uLCBp bm5vdmF0aW 9uLCBhbmQg c29jaWFsIH Jlc3BvbnNp YmlsaXR5IG 1ha2VzIHRo ZW0gc3Rhbm Qgb3V0IGlu IHRoZSBmaW 5hbmNpYWwg c2VydmljZX MgaW5kdXN0 cnku

R3JlYXQtV2 VzdCBMaWZl Y28gaXMgYS BmaW5hbmNp YWwgc2Vydm ljZXMgaG9s ZGluZyBjb2 1wYW55IHRo YXQgb3Blcm F0ZXMgcHJp bWFyaWx5IH Rocm91Z2gg aXRzIHN1Yn NpZGlhcmll cyBpbmNsdW RpbmcgR3Jl YXQtV2VzdC BMaWZlLCBM b25kb24gTG lmZSwgYW5k IENhbmFkYS BMaWZlLiBU aGUgY29tcG FueSBwcm92 aWRlcyBsaW ZlIGluc3Vy YW5jZSwgaG VhbHRoIGlu c3VyYW5jZS wgcmV0aXJl bWVudCBhbm QgaW52ZXN0 bWVudCBwcm 9kdWN0cywg YW5kIHdlYW x0aCBtYW5h Z2VtZW50IH NlcnZpY2Vz IHRvIGluZG l2aWR1YWxz IGFuZCBidX NpbmVzc2Vz IGluIENhbm FkYSBhbmQg dGhlIFVuaX RlZCBTdGF0 ZXMuIFRoZS BidXNpbmVz cyBtb2RlbC BvZiBHcmVh dC1XZXN0IE xpZmVjbyBp cyBmb2N1c2 VkIG9uIG1h bmFnaW5nIG FuZCBncm93 aW5nIGl0cy B2YXJpb3Vz IHN1YnNpZG lhcnkgY29t cGFuaWVzIG FuZCBicmFu ZHMsIHdoaW xlIGFsc28g ZGl2ZXJzaW Z5aW5nIGl0 cyBwcm9kdW N0cyBhbmQg c2VydmljZX MgdG8gbWVl dCB0aGUgY2 hhbmdpbmcg bmVlZHMgb2 YgY3VzdG9t ZXJzLiBUaG UgY29tcGFu eSBsZXZlcm FnZXMgaXRz IHN0cm9uZy BmaW5hbmNp YWwgcG9zaX Rpb24gYW5k IGV4cGVydG lzZSBpbiB0 aGUgaW5zdX JhbmNlIGFu ZCBpbnZlc3 RtZW50IGlu ZHVzdHJ5IH RvIHByb3Zp ZGUgdGFpbG 9yZWQgc29s dXRpb25zIH RvIGl0cyBj bGllbnRzLC B3aXRoIGEg Zm9jdXMgb2 4gbG9uZy10 ZXJtIGZpbm FuY2lhbCBz ZWN1cml0eS BhbmQgZ3Jv d3RoLiBHcm VhdC1XZXN0 IExpZmVjby BhbHNvIG1h aW50YWlucy BhIGNvbnNl cnZhdGl2ZS BpbnZlc3Rt ZW50IHN0cm F0ZWd5IHRv IGVuc3VyZS B0aGUgZmlu YW5jaWFsIH N0YWJpbGl0 eSBvZiBpdH Mgb3BlcmF0 aW9ucyBhbm QgcHJvdGVj dCB0aGUgaW 50ZXJlc3Rz IG9mIGl0cy Bwb2xpY3lo b2xkZXJzLg ==

AI has the potential to impact Great-West Lifeco’s products, services, and competitive positioning in several ways, which can be categorized into substitution, disintermediation, and margin pressure.
1. Substitution: AI-driven financial products and services, such as robo-advisors or AI-powered insurance underwriting, can serve as alternatives to traditional offerings. These technological advancements could enable competitors to provide similar or enhanced products more efficiently, potentially attracting customers away from Great-West Lifeco. For instance, AI can facilitate personalized financial advice and risk assessments that might surpass traditional methods, enhancing the user experience and customer satisfaction.
2. Disintermediation: The rise of direct-to-consumer models powered by AI may reduce the necessity for intermediaries such as financial advisors or brokers. If consumers can access tailored insurance and investment solutions through AI platforms without needing traditional intermediaries, Great-West Lifeco might face reduced demand for certain services and a shift in how customers engage with financial products. This could result in a loss of market share to more agile, tech-driven companies that offer similar products directly to consumers.
3. Margin Pressure: Increased competition from AI-enabled firms could lead to pricing pressures on Great-West Lifeco’s products and services. If competitors can lower their costs through automation and improved efficiencies, Great-West Lifeco may be forced to reduce its prices to remain competitive, potentially harming profit margins. Furthermore, the investment required to develop and integrate AI technologies into existing operations could strain financial resources and operational capacities, at least in the short term.
In summary, while AI offers numerous opportunities for innovation and efficiency, it also presents challenges that could threaten Great-West Lifeco’s market position through substitution, disintermediation, and margin pressures. To mitigate these risks, the company may need to invest significantly in AI technologies, innovate its product offerings, and rethink its distribution strategies.

Great-West Lifeco, as a significant player in the financial services and insurance sectors, exhibits sensitivity to changes in interest rates, which can impact its earnings, cash flow, and valuation in several ways:
1. Earnings Sensitivity: The company’s earnings are influenced by the interest rates in two primary ways. First, higher interest rates can improve the returns on fixed-income investments such as bonds, which are a core component of its investment portfolio. This can lead to higher investment income and, consequently, improved earnings. Conversely, lower interest rates can compress margins, reduce investment income, and negatively impact earnings.
2. Cash Flow Sensitivity: Interest rates also affect the cash flow of Great-West Lifeco. The company’s cash flows are derived from premiums collected, investment income, and claims paid. An environment of rising interest rates can increase investment income and may also lead to improved cash flow from insurance products linked to investment performance. On the other hand, persistently low interest rates might lead to lower cash flow from investments, which could affect the company’s ability to pay claims and dividends.
3. Valuation Sensitivity: Interest rates play a crucial role in determining the valuation of financial firms. Generally, higher interest rates can lead to higher discount rates applied to cash flows, potentially decreasing the present value of future earnings and cash flows. However, the immediate impact might be offset by the potential for increased earnings from better investment yields. If investors expect sustained higher interest rates, the market may positively reassess the valuation of investment-oriented life insurance firms, including Great-West Lifeco.
In conclusion, Great-West Lifeco’s financial performance and valuation are closely tied to interest rate movements, with the effects being multi-faceted and dependent on the broader economic environment. The interplay of investment returns, cash flow generation, and market valuations makes interest rates a critical factor for the company’s financial health.

QSBwb3Rlbn RpYWwgc2Nl bmFyaW8gdG hhdCBjb3Vs ZCBwZXJtYW 5lbnRseSBp bXBhaXIgR3 JlYXQtV2Vz dCBMaWZlY2 /igJlzIGVj b25vbWljcy BvdmVyIHRo ZSBuZXh0ID PigJM1IHll YXJzIGlzIG Egc2lnbmlm aWNhbnQgYW 5kIHByb2xv bmdlZCBkb3 dudHVybiBp biB0aGUgZ2 xvYmFsIGVj b25vbXksIG NvbWJpbmVk IHdpdGggYS BzdXN0YWlu ZWQgbG93IG ludGVyZXN0 IHJhdGUgZW 52aXJvbm1l bnQuIFRoaX MgY291bGQg YmUgdHJpZ2 dlcmVkIGJ5 IGZhY3Rvcn Mgc3VjaCBh cyB3aWRlc3 ByZWFkIHJl Z3VsYXRvcn kgY2hhbmdl cyBpbiBmaW 5hbmNpYWwg bWFya2V0cy wgYSBtYWpv ciByZWNlc3 Npb24sIG9y IGEgcHJvbG 9uZ2VkIGNy aXNpcyBzdW NoIGFzIGdl b3BvbGl0aW NhbCB0ZW5z aW9ucyBhZm ZlY3Rpbmcg bWFya2V0IH N0YWJpbGl0 eS48YnI+SW 4gdGhpcyBz Y2VuYXJpby wgdGhlIGZv bGxvd2luZy BpbXBhY3Rz IGNvdWxkIG 9jY3VyOjxi cj4xLiBNYX JnaW5zOiBU aGUgY29tcG FueeKAmXMg cHJvZml0IG 1hcmdpbnMg Y291bGQgc2 hyaW5rIHNp Z25pZmljYW 50bHkgZHVl IHRvIHNldm VyYWwgZmFj dG9ycy4gRG VjcmVhc2Vk IGludmVzdG 1lbnQgaW5j b21lIGZyb2 0gZml4ZWQt aW5jb21lIH NlY3VyaXRp ZXMsIHdoaW NoIGFyZSBl c3NlbnRpYW wgZm9yIGxp ZmUgaW5zdX JhbmNlIGNv bXBhbmllcy wgbWF5IGhh cHBlbiBhcy BpbnRlcmVz dCByYXRlcy ByZW1haW4g bG93IGZvci BhbiBleHRl bmRlZCBwZX Jpb2QuIEFk ZGl0aW9uYW xseSwgaGln aGVyIGNsYW ltcyBmcm9t IGluc3VyYW 5jZSBhbmQg aGVhbHRoIH Byb2R1Y3Rz IGNvdWxkIG VtZXJnZSwg bGVhZGluZy B0byBpbmNy ZWFzZWQgcG F5b3V0IHJh dGlvcy4gVG hlIGNvbWJp bmVkIGVmZm VjdCBjb3Vs ZCB5aWVsZC Bsb3dlciB1 bmRlcndyaX RpbmcgbWFy Z2lucyBhbm Qgb3ZlcmFs bCBwcm9maX RhYmlsaXR5 Ljxicj4yLi BDYXNoIEZs b3c6IEEgcm VkdWNlZCBh YmlsaXR5IH RvIGdlbmVy YXRlIGNhc2 ggZmxvdyB3 b3VsZCByZX N1bHQgZnJv bSBsb3dlci BwcmVtaXVt IGdyb3d0aC BhbmQgYW4g aW5jcmVhc2 UgaW4gcG9s aWN5aG9sZG VyIHdpdGhk cmF3YWxzIG 9yIHN1cnJl bmRlcnMgYX MgaW5kaXZp ZHVhbHMgZm FjZSBlY29u b21pYyBoYX Jkc2hpcHMu IFRoZSBjb2 1wYW55IG1h eSBhbHNvIG V4cGVyaWVu Y2UgZGVsYX llZCBwcmVt aXVtIHBheW 1lbnRzLiBP dmVyYWxsLC B0aGVzZSBm YWN0b3JzIG NvdWxkIGxl YWQgdG8gYS B0aWdodGVy IGxpcXVpZG l0eSBwb3Np dGlvbiwgd2 Vha2VuaW5n IHRoZSBjb2 1wYW554oCZ cyBhYmlsaX R5IHRvIGlu dmVzdCBpbi Bncm93dGgg b3Bwb3J0dW 5pdGllcyBv ciByZXR1cm 4gY2FwaXRh bCB0byBzaG FyZWhvbGRl cnMuPGJyPj MuIEJhbGFu Y2UgU2hlZX Q6IFRoZSBj b21wYW554o CZcyBiYWxh bmNlIHNoZW V0IGNvdWxk IGRldGVyaW 9yYXRlIGFz IGFzc2V0IH ZhbHVlcyBk ZWNsaW5lIG R1cmluZyBh biBlY29ub2 1pYyBkb3du dHVybi4gSW YgR3JlYXQt V2VzdCBMaW ZlY28gaGFz IHNpZ25pZm ljYW50IGlu dmVzdG1lbn RzIGluIGVx dWl0aWVzIG 9yIG90aGVy IHJpc2tpZX IgYXNzZXRz LCBhIG1hcm tldCBkb3du dHVybiB3b3 VsZCBsZWFk IHRvIHZhbH VhdGlvbiBs b3NzZXMuIE FkZGl0aW9u YWxseSwgaW YgdGhlIGNv bXBhbnkgbm VlZHMgdG8g Ym9sc3Rlci BpdHMgcmVz ZXJ2ZXMgaW 4gcmVzcG9u c2UgdG8gaW 5jcmVhc2Vk IHBvbGljeS BjbGFpbXMs IHRoaXMgY2 91bGQgc3Ry YWluIGl0cy BjYXBpdGFs IHBvc2l0aW 9uIGZ1cnRo ZXIuIEluY3 JlYXNlZCBs aWFiaWxpdG llcyByZWxh dGl2ZSB0by BzdGFibGUg b3IgZGVjbG luaW5nIGFz c2V0cyBjb3 VsZCB3ZWFr ZW4ga2V5IG ZpbmFuY2lh bCByYXRpb3 MsIG1ha2lu ZyBpdCBkaW ZmaWN1bHQg dG8gbWFpbn RhaW4gaW52 ZXN0bWVudC 1ncmFkZSBj cmVkaXQgcm F0aW5ncy48 YnI+SW4gc3 VtbWFyeSwg YSBwcm90cm FjdGVkIGVj b25vbWljIG Rvd250dXJu IGNvbWJpbm VkIHdpdGgg bG93IGludG VyZXN0IHJh dGVzIGNvdW xkIGxlYWQg dG8gcmVkdW NlZCBtYXJn aW5zLCB3ZW FrZW5lZCBj YXNoIGZsb3 csIGFuZCBh IGZyYWdpbG UgYmFsYW5j ZSBzaGVldC Bmb3IgR3Jl YXQtV2VzdC BMaWZlY28s IGNyZWF0aW 5nIGxvbmct dGVybSBjaG FsbGVuZ2Vz IGZvciBpdH MgYnVzaW5l c3MgbW9kZW wgYW5kIGZp bmFuY2lhbC BoZWFsdGgu PGJyPg==

CiAgICAgIC AgICAgIDxk aXYgc3R5bG U9J3dpZHRo OiAxMDAlOy BkaXNwbGF5 OiBmbGV4Oy BqdXN0aWZ5 LWNvbnRlbn Q6IGNlbnRl cjsnPgogIC AgICAgICAg ICAgICAgPG RpdiBzdHls ZT0nCiAgIC AgICAgICAg ICAgICAgIC AgZGlzcGxh eTogZmxleD sKICAgICAg ICAgICAgIC AgICAgICBh bGlnbi1pdG VtczogY2Vu dGVyOwogIC AgICAgICAg ICAgICAgIC AgIGJhY2tn cm91bmQtY2 9sb3I6ICNm MGY0Zjg7Ci AgICAgICAg ICAgICAgIC AgICAgYm9y ZGVyOiAxcH ggc29saWQg I2QxZTNmMD sKICAgICAg ICAgICAgIC AgICAgICBi b3JkZXItcm FkaXVzOiAx MHB4OwogIC AgICAgICAg ICAgICAgIC AgIHBhZGRp bmc6IDEwcH g7CiAgICAg ICAgICAgIC AgICAgICAg bWFyZ2luOi AyMHB4IDA7 CiAgICAgIC AgICAgICAg ICAgICAgZm 9udC1mYW1p bHk6ICJTZW dvZSBVSSIs IFJvYm90by wgc2Fucy1z ZXJpZjsKIC AgICAgICAg ICAgICAgIC AgICBib3gt c2hhZG93Oi AwIDJweCA2 cHggcmdiYS gwLCAwLCAw LCAwLjA1KT sKICAgICAg ICAgICAgIC AgICAgICBt YXgtd2lkdG g6IDkwMHB4 OwogICAgIC AgICAgICAg ICAgICAgIH dpZHRoOiAx MDAlOyc+Cg ogICAgICAg ICAgICAgIC AgICAgIDxp bWcgc3JjPS Jhc3NldHMv bG9nb3MvYn NHNmJlcWx6 YWUwcDZ0cG dNYWQud2Vi cCIgYWx0PS JHcmVhdC1X ZXN0IExpZm VjbyIgdGl0 bGU9IkdyZW F0LVdlc3Qg TGlmZWNvIi AgY2xhc3M9 ImltZy1mbH VpZCIgaGVp Z2h0PTUwIH dpZHRoPTUw IGxvYWRpbm c9J2xhenkn IHN0eWxlPS dib3JkZXIt cmFkaXVzOi A2cHg7Jz4K CiAgICAgIC AgICAgICAg ICAgICAgPG RpdiBzdHls ZT0nZmxleD ogMTsgdGV4 dC1hbGlnbj ogY2VudGVy OyBtYXJnaW 4tbGVmdDog NXB4Oyc+Ci AgICAgICAg ICAgICAgIC AgICAgICAg IDxwIHN0eW xlPSdmb250 LXNpemU6ID I2cHg7IGNv bG9yOiAjMz MzOyBtYXJn aW4tYm90dG 9tOiAxNXB4 Oyc+CiAgIC AgICAgICAg ICAgICAgIC AgICAgICAg ICDwn5OIIF dhbnQgdG8g cmVhZCBtb3 JlIGFib3V0 IEdyZWF0LV dlc3QgTGlm ZWNvPwogIC AgICAgICAg ICAgICAgIC AgICAgICA8 L3A+CgogIC AgICAgICAg ICAgICAgIC AgICAgICA8 YSBocmVmPS dpbmRleC5w aHA/cGFnZT 1zaWdudXAn IHN0eWxlPS cKICAgICAg ICAgICAgIC AgICAgICAg ICAgICAgIG JhY2tncm91 bmQtY29sb3 I6ICMwMDdC RkY7CiAgIC AgICAgICAg ICAgICAgIC AgICAgICAg ICBjb2xvcj ogI2ZmZjsK ICAgICAgIC AgICAgICAg ICAgICAgIC AgICAgIHBh ZGRpbmc6ID EwcHggMjBw eDsKICAgIC AgICAgICAg ICAgICAgIC AgICAgICAg IGJvcmRlci 1yYWRpdXM6 IDVweDsKIC AgICAgICAg ICAgICAgIC AgICAgICAg ICAgIHRleH QtZGVjb3Jh dGlvbjogbm 9uZTsKICAg ICAgICAgIC AgICAgICAg ICAgICAgIC AgIGZvbnQt d2VpZ2h0Oi Bib2xkOwog ICAgICAgIC AgICAgICAg ICAgICAgIC AgICAgbWFy Z2luLXJpZ2 h0OiAxMHB4 OwogICAgIC AgICAgICAg ICAgICAgIC AgICAgICAg dHJhbnNpdG lvbjogYmFj a2dyb3VuZC 1jb2xvciAw LjNzIGVhc2 U7JwogICAg ICAgICAgIC AgICAgICAg ICAgICAgIC Agb25tb3Vz ZW92ZXI9J3 RoaXMuc3R5 bGUuYmFja2 dyb3VuZENv bG9yPSIjMD A1NmIzIicK ICAgICAgIC AgICAgICAg ICAgICAgIC AgICAgIG9u bW91c2VvdX Q9J3RoaXMu c3R5bGUuYm Fja2dyb3Vu ZENvbG9yPS IjMDA3QkZG Iic+CiAgIC AgICAgICAg ICAgICAgIC AgICAgICAg ICBTaWduIH VwIGZvciBm cmVlCiAgIC AgICAgICAg ICAgICAgIC AgICAgIDwv YT4KCiAgIC AgICAgICAg ICAgICAgIC AgICAgIDxz cGFuIHN0eW xlPSdtYXJn aW46IDAgOH B4OyBjb2xv cjogIzU1NT snPm9yPC9z cGFuPgoKIC AgICAgICAg ICAgICAgIC AgICAgICAg PGEgaHJlZj 0naW5kZXgu cGhwP3BhZ2 U9bG9naW4n IHN0eWxlPS cKICAgICAg ICAgICAgIC AgICAgICAg ICAgICAgIG NvbG9yOiAj MDA3QkZGOw ogICAgICAg ICAgICAgIC AgICAgICAg ICAgICAgdG V4dC1kZWNv cmF0aW9uOi B1bmRlcmxp bmU7CiAgIC AgICAgICAg ICAgICAgIC AgICAgICAg ICBmb250LX dlaWdodDog NTAwOyc+Ci AgICAgICAg ICAgICAgIC AgICAgICAg ICAgICBsb2 cgaW4KICAg ICAgICAgIC AgICAgICAg ICAgICAgPC 9hPgoKCiAg ICAgICAgIC AgICAgICAg ICAgICAgID xwIHN0eWxl PSdtYXJnaW 4tdG9wOiAx NXB4OyBmb2 50LXNpemU6 IDEzcHg7IG ZvbnQtd2Vp Z2h0OiBib2 xkOyBjb2xv cjogI2QzMm YyZjsnPgog ICAgICAgIC AgICAgICAg ICAgICAgIC AgICAg4pyF IERvd25sb2 FkIDxpPiJU aGUgQ2hlY2 tsaXN0IFZh bHVlIEludm VzdG9yIOKA lCBBIFNtYX J0ZXIgV2F5 IHRvIFBpY2 sgU3RvY2tz IjwvaT4g4o CUIHRvdGFs bHkgZnJlZS EKICAgICAg ICAgICAgIC AgICAgICAg ICAgPC9wPg oKICAgICAg ICAgICAgIC AgICAgICAg ICAgPCEtLQ ogICAgICAg ICAgICAgIC AgICAgICAg ICA8ZGl2IH N0eWxlPSdt YXJnaW4tdG 9wOiAxMnB4 OyBmb250LX NpemU6IDEz cHg7IGNvbG 9yOiAjNDQ0 Oyc+CiAgIC AgICAgICAg ICAgICAgIC AgICAgICAg ICBTaWduIH VwIG5vdyBh bmQgZ2V0IG 91ciBmcmVl IGVCb29rIA ogICAgICAg ICAgICAgIC AgICAgICAg ICAgICAgPG I+VGhlIENo ZWNrbGlzdC BWYWx1ZSBJ bnZlc3Rvci DigJQgQSBT bWFydGVyIF dheSB0byBQ aWNrIFN0b2 NrczwvYj4K ICAgICAgIC AgICAgICAg ICAgICAgIC AgPC9kaXY+ CiAgICAgIC AgICAgICAg ICAgICAgIC AgIC0tPgog ICAgICAgIC AgICAgICAg ICAgICAgIC A8IS0tCiAg ICAgICAgIC AgICAgICAg ICAgICAgID xkaXYgc3R5 bGU9J21hcm dpbi10b3A6 IDE2cHg7IG ZvbnQtc2l6 ZTogMTRweD sgY29sb3I6 ICM0NDQ7IG ZvbnQtZmFt aWx5OiAtYX BwbGUtc3lz dGVtLCBCbG lua01hY1N5 c3RlbUZvbn QsIFNlZ29l IFVJLCBSb2 JvdG8sIEhl bHZldGljYS BOZXVlLCBz YW5zLXNlcm lmOyBsaW5l LWhlaWdodD ogMS42Oyc+ CiAgICAgIC AgICAgICAg ICAgICAgIC AgICAgICBI YXZlIHlvdS BoZWFyZCBh Ym91dCBvdX Igc2hvcnQg PHN0cm9uZy BzdHlsZT0n Zm9udC13ZW lnaHQ6IDYw MDsnPkRhaW x5IFZpZGVv IE5ld3NsZX R0ZXI8L3N0 cm9uZz4/Ci AgICAgICAg ICAgICAgIC AgICAgICAg ICAgICA8YS BocmVmPSdo dHRwczovL3 d3dy5pbnNp Z2h0ZnVsdm FsdWUuY29t L25ld3NsZX R0ZXIucGhw JyB0YXJnZX Q9J19ibGFu aycgc3R5bG U9J2NvbG9y OiAjMDA3Qk ZGOyB0ZXh0 LWRlY29yYX Rpb246IG5v bmU7IGZvbn Qtd2VpZ2h0 OiA1MDA7IG 1hcmdpbi1s ZWZ0OiA2cH g7Jz4KICAg ICAgICAgIC AgICAgICAg ICAgICAgIC AgICAgICBG aW5kIG91dC Btb3JlCiAg ICAgICAgIC AgICAgICAg ICAgICAgIC AgICA8L2E+ CiAgICAgIC AgICAgICAg ICAgICAgIC AgIDwvZGl2 PgogICAgIC AgICAgICAg ICAgICAgIC AgICAtLT4K ICAgICAgIC AgICAgICAg ICAgICA8L2 Rpdj4KICAg ICAgICAgIC AgICAgIDwv ZGl2PgogIC AgICAgICAg ICA8L2Rpdj 4KICAgICAg ICAgICAgCi AgICAgICAg CiAgICAgIC AgPHNwYW4g Y2xhc3M9J2 JsdXJyZWQt dGV4dCc+Ci AgICAgICAg ICAgIE1TNG dSM0psWVgg UXRWMlZ6ZE NCTSBhV1ps WTI4Z2FYIE 1nWVNCc1pX RmsgYVc1bk lHWnBibSBG dVkybGhiQ0 J6IFpYSjJh V05sY3kgQm 9iMnhrYVc1 biBJR052Yl hCaGJuIGtn YVc0Z1EyRn UgWVdSaExD QjNhWCBSb0 lHOXdaWEpo IGRHbHZibk 1nYVcgNGdR MkZ1WVdSaC BMQ0IwYUdV Z1ZXIDVwZE dWa0lGTjAg WVhSbGN5d2 dZVyA1a0lF VjFjbTl3IF pTNDhZbkkr TWkgNGdTWF FnZDJGeiBJ R1p2ZFc1a1 pXIFFnYVc0 Z01UZzUgTV NCaGN5QlVh RyBVZ1IzSm xZWFF0IFYy VnpkQ0JNYV cgWmxJRUZ6 YzNWeSBZVz VqWlNCRGIy IDF3WVc1NU lHRnUgWkNC M1lYTWdiMy BKcFoybHVZ V3hzIGVTQm 9aV0ZrY1gg VmhjblJsY2 1WayBJR2x1 SUZkcGJtID VwY0dWbkxD Qk4gWVc1cG RHOWlZUyA0 OFluSStNeT RnIFNXNGdN akF3TXkgd2 dSM0psWVhR dCBWMlZ6ZE NCTWFXIFps WTI4Z2JXVn kgWjJWa0lI ZHBkRyBnZ1 RHOXVaRzl1 IElFeHBabV VnU1cgNXpk WEpoYm1ObC BJRU52YlhC aGJuIGtnWV c1a0lIUm8g WlNCRFlXNW haRyBFZ1RH bG1aU0JCIG MzTjFjbUZ1 WTIgVWdRMj l0Y0dGdSBl U0IwYnlCbW IzIEp0SUdF Z2JHRnkgWj JWeUxDQnRi MyBKbElHUn BkbVZ5IGMy bG1hV1ZrSU cgTnZiWEJo Ym5rdSBQR0 p5UGpRdUlF IGR5WldGME xWZGwgYzNR Z1RHbG1aVy BOdklHaGhj eUJ2IGRtVn lJRE13TEQg QXdNQ0JsYl hCcyBiM2xs WlhNZ1lXID VrSUhObGNu WmwgY3lCdm RtVnlJRCBF eklHMXBiR3 hwIGIyNGdZ M1Z6ZEcgOX RaWEp6SUhk diBjbXhrZD Jsa1pTIDQ4 WW5JK05TNG cgVkdobElH TnZiWCBCaG Jua2diMlpt IFpYSnpJR0 VnZG0gRnlh V1YwZVNCdi BaaUJtYVc1 aGJtIE5wWV d3Z2NISnYg WkhWamRITW dhVyA1amJI VmthVzVuIE lHeHBabVVn YVcgNXpkWE poYm1ObCBM Q0JvWldGc2 RHIGdnYVc1 emRYSmggYm 1ObExDQnla WCBScGNtVn RaVzUwIElH RnVaQ0JwYm 4gWmxjM1J0 Wlc1MCBJSE 5sY25acFky IFZ6TENCaG JtUWcgYlc5 eVpTNDhZbi BJK05pNGdT VzRnIFlXUm thWFJwYjIg NGdkRzhnYV hSeiBJRzl3 WlhKaGRHIG x2Ym5NZ2FX NGcgUTJGdV lXUmhMQyBC MGFHVWdWVz VwIGRHVmtJ Rk4wWVggUm xjeXdnWVc1 ayBJRVYxY2 05d1pTIHdn UjNKbFlYUX QgVjJWemRD Qk1hVyBabF kyOGdZV3h6 IGJ5Qm9ZWE 1nWVMgQndj bVZ6Wlc1ai BaU0JwYmlC QmMyIGxoSU hSb2NtOTEg WjJnZ2FYUn pJSCBOMVlu TnBaR2xoIG Nua3NJRWR5 WlcgRjBMVm RsYzNRZyBU R2xtWlNBbU lFIEZ1Ym5W cGRIa2cgU1 c1emRYSmhi bSBObElFTn ZiWEJoIGJu a3VQR0p5UG ogY3VJRWR5 WldGMCBMVm RsYzNRZ1RH IGxtWldOdk lHbHogSUdF Z2MzVmljMi Bsa2FXRnll U0J2IFppQl FiM2RsY2kg QkRiM0p3Yj NKaCBkR2x2 YmlCdlppIE JEWVc1aFpH RXMgSUdFZ1 oyeHZZbSBG c0lHUnBkbV Z5IGMybG1h V1ZrSUcgMW hibUZuWlcx bCBiblFnWV c1a0lHIGh2 YkdScGJtY2 cgWTI5dGNH RnVlUyA0OF luSStPQzRn IFZHaGxJR0 52YlggQmhi bmtnYUdGei BJR0VnYzNS eWIyIDVuSU dOdmJXMXAg ZEcxbGJuUW dkRyA4Z1ky OXljRzl5IF lYUmxJSE52 WTIgbGhiQ0 J5WlhOdyBi MjV6YVdKcG JHIGwwZVNC aGJtUWcgYU dGeklHSmxa VyA0Z2NtVm piMmR1IGFY cGxaQ0JtYj MgSWdhWFJ6 SUdWbSBabT l5ZEhNZ2FX IDRnWlc1Mm FYSnYgYm0x bGJuUmhiQy BCemRYTjBZ V2x1IFlXSn BiR2wwZVMg d2dZMjl0Yl hWdSBhWFI1 SUdsdWRtID lzZG1WdFpX NTAgTENCaG JtUWdaRyBs MlpYSnphWF I1IElHRnVa Q0JwYm0gTn NkWE5wYjI0 dSBQR0p5UG prdUlFIGR5 WldGMExWZG wgYzNRZ1RH bG1aVyBOdk lHaGhjeUJp IFpXVnVJR3 hwYzMgUmxa Q0J2YmlCMC BhR1VnVkc5 eWIyIDUwYn lCVGRHOWog YXlCRmVHTm 9ZVyA1blpT QnphVzVqIF pTQXhPVEkz SUcgRnVaQ0 JwY3lCaCBJ R052YlhCdm JtIFZ1ZENC dlppQjAgYU dVZ1V5WlFM MSBSVFdDQT JNQ0JwIGJt UmxlQzQ4WW 4gSStNVEF1 SUVsdSBJRE l3TWpBc0lF IGR5WldGME xWZGwgYzNR Z1RHbG1aVy BOdklHRnVi bTkxIGJtTm xaQ0JoSUcg NWxkeUJqYj NKdyBiM0po ZEdVZ2MzIF J5WVhSbFoz a2cgWm05am RYTmxaQyBC dmJpQmtjbW wyIGFXNW5J R2R5YjMgZD BhQ3dnWlda bSBhV05wWl c1amVTIHdn WVc1a0lHTj EgYzNSdmJX VnlJRyBObG JuUnlhV05w IGRIa3NJR0 Z6SUggZGxi R3dnWVhNZy BaWGh3WVc1 a2FXIDVuSU dsMGN5Qmsg YVdkcGRHRn NJRyBOaGNH RmlhV3hwIG RHbGxjeUJo Ym0gUWdjM1 Z6ZEdGcCBi bUZpYVd4cG RIIGtnY0hK aFkzUnAgWT JWekxnPT0K ICAgICAgIC A8L3NwYW4+ CiAgICAgIC AgCiAgICAg ICAg