FREE Membership Sign in

JavaScript is disabled in your browser.

In order visualise this page, please follow these steps.

Property and casualty insurance: Financial results of 170 insurers in Canada in 2022

By Alain Castonguay | June 23, 2023, 10:55 a.m.

Companies are ranked by net income.

This article is reserved to PRO Level subscribers

Discover the PRO Level

The most popular in P&C

Non-life market profitability set to improve strongly in coming years

Definity launches usage-based insurance offering

Independent financial brokers respond to West Coast insurance council fee hike

Make your business shine with Visibility360!

Get a PDF version to share in your networks.

I'm interested

Headlines

Canada performs poorly in exercise ranking seniors’ care

Employees with fewer paid days off have higher rates of absenteeism and presenteeism

Client complaint about forged signature leads to trouble with regulator

Related topics …

Flash

Canada performs poorly in exercise ranking seniors’ care

Client complaint about forged signature leads to trouble with regulator

Credit card fraud leads to three-year license suspension

Ratings and research agency examines post-pandemic mortality assumptions

P&C Insurance

PC Insurance and Loblaw aim to expand in auto and home Insurance

Definity launches usage-based insurance offering

Digital technology and artificial intelligence boost innovation in the insurance market

Personalized insurance coming for users of car subscription service

AIG

Travel insurance comparison site expands into Canada

Foresters Canada president announces retirement

Bill 96 bodes ill for commercial insurance

Trans Mountain: Environmental groups lobby insurers

ALLSTATE

Staples Canada, Allstate ink point of sale warranty agreement

Voluntary group critical illness insurance makes a breakthrough

Allstate Canada announces appointment of new President and CEO

Urgent action needed to protect against worsening weather events

AVIVA

Aviva Canada CEO to lead Irish and UK businesses

Lawyers’ association issues statement calling on regulator to investigate Aviva

Regulator imposes $600,000 in administrative penalties

Centre for Study of Insurance Operations convenes standards advisory council

CHUBB

Fairfax among top insurers globally underwriting cyber risks in 2022

Life insurance: Financial results of 25 insurers in Canada in 2022

Desjardins to acquire stake in Canadian insurer

Chubb study examines preferences of high-net-worth clients

CO-OPERATORS

Pension plans purchase a record number of annuities

Term insurance: A product more complex than it seems

Catastrophes dragged down Co-operators’ net income in 2022

Co-operators survey finds the majority are unprepared for financial challenges

DESJARDINS

The financial strength of property insurers remains excellent

The financial strength of major life insurers remains stable

Sun Life virtual pharmacy to promote treatment adherence

Desjardins’ income falls 24 per cent in first quarter

INTACT

Definity releases catastrophe estimates for July and August

Intact publishes estimated catastrophe losses anticipated in Q3

Intact assesses the cost of catastrophic losses at $421M in the last quarter

Intact’s acquisitions team ready for more deals

LLOYD’S

Insurance pricing underestimates inflation impact

Canada Life Re and Zurich extend plan coverage to $3 billion

New P&C insurer enters Canadian market

Bill 96: Minister clarifies requirements for contracts by mutual agreement

NORTHBRIDGE

HUB partners to bring pet insurance to Canada

Northbridge earnings hold steady in 2022

Brokers concerned about cyber security

Synex acquires major broker in Centre-du-Québec

PROMUTUEL

Volatile markets and high claims costs impacted Promutuel's results

Seasoned industry leader appointed Chief Operating Officer of L’Unique and Unica

Northbridge appoints new director in Quebec

Promutuel still aims to double in size within 5 to 7 years

Regulator continues crackdown on efforts to thwart client feedback

Efforts to thwart client feedback ends in regulatory sanctions

TD Bank reports a 12 per cent drop in earnings in the second quarter of 2023

TD Insurance enters small business market

TRAVELERS

Insurance Bureau of Canada selects Don Forgeron's successor

Don Forgeron announces retirement

One in five admit to crash, or near miss due to distracted driving

Balancing artificial intelligence and human roles in insurance

ZURICH

Program recruits underrepresented youth to insurance

Travel insurance provider expands to Canada

Publicly traded insurer changes name

Insurers helping to drive awareness and adoption of responsible investment principles

MUNICH RE

Munich Re says underwriting matters more as reinsurance capacity recovers

Munich Re publishes global loss figures for the first half of 2023

Communities need protection in response to climate change

Munich Re says now is the time to seize opportunities

SWISS RE

Swiss Re calls for a rebalancing of the insurance value chain

Non-life market profitability set to improve strongly in coming years

Convective storms drive natural catastrophe losses in the first half of 2023

Firms urged to consolidate mental health data to improve outcomes

LIBERTY MUTUAL

New whitepaper examines digitization and future trends

Liberty Mutual Canada names new president

ALLIANZ

Swiss Re appoints new senior vice president

Hartford rejects Chubb

Aviva leaves another market

Wealthsimple raises $114 million

BENEVA

Beneva drops Penncorp products due to lack of profitability

Beneva joins media companies in pulling advertising dollars from Meta

Employee assistance programs still underutilized

The labour shortage: Both a challenge and an opportunity for insurers

CNA

Two more insurers ditch Trans Mountain pipeline

CNA's operations restored after cyberattack

CNA discloses details of cyberattack

Major insurer falls victim to cyberattack

DEFINITY FINANCIAL CORPORATION

Insurers continue distribution and wealth management acquisitions

Definity boosts earnings in the first quarter of 2023

Definity subsidiary acquires leading broker in Ontario

Definity completes first full year as a public company

Analytic

Employees with fewer paid days off have higher rates of absenteeism and presenteeism

Self-regulatory organization hosts webinar outlining operations expectations

United States’ property and casualty industry records underwriting loss

Pandemic loan extensions “not good enough”

Infographic

Diabetes drugs sending plan expenses soaring

RBC reports a 14 per cent drop in second-quarter earnings

BMO: Earnings plunge 78 per cent in second quarter

Aviva’s insurance sales climb 13 per cent in first quarter

Magazine supplement

Maintaining employee engagement through flexibility

Term insurance: Women’s choice

Placing priority on women's health

Table: 2021 Market shares of life and health insurers in Canada

Property and casualty insurance: Financial results of 170 insurers in Canada in 2022

Choose your payment method

Confirmation

Make your business shine with Visibility360!