An article in the June issue of Insurance Journal sized up the financial performance of life and health insurers in Canada in 2022.

We present the Top 10 insurers based on their 2022 net income.

In addition, we reveal the financial results of the 25 companies with the highest net income in 2022. The last column of the table below compares the growth in net income with the previous year. 

According to the data provided by MSA Research, compiled by The Insurance Portal, the industry (made up of 65 life and health insurance companies) recorded consolidated net income of $17.3 billion (B) in 2022, an increase of just over 2 per cent compared to $17 B reported in 2021 

This article is a Magazine Supplement for the June issue of the Insurance Journal.