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

By Alain Castonguay | June 22, 2023, 10:55 a.m.

Life insurance companies boosted their net income in 2022 compared with the previous year.

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Headlines

Fallout of a cyber catastrophe modelled by reinsurer

Average fund fees declined following implementation of disclosure rule amendments

Close to one-in-ten seniors worked out of necessity in 2022

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Average fund fees declined following implementation of disclosure rule amendments

Close to one-in-ten seniors worked out of necessity in 2022

Wholesalers have growth ambitions

Life Insurance

Direct simplified issue offerings benefit advisors eventually

Your client’s concerns in 2024

Insurers boosted by simplified issue insurance sales

Insurer divests U.S. business to focus on Canada

BMO

Insurers pushing their limits in accelerated underwriting

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Firm fined $1.5 million for failing to supervise trading activity

First-quarter earnings up 51 per cent for BMO Wealth Management

CANADA LIFE

Great-West's earnings down by 24 per cent in 2023

Overhead expense insurance to prevent business disruption

Buy-sell insurance: A safeguard in tough times

Leadership change for Canada Life's Canadian operations: Jeff Macoun to retire

CHUBB

Chubb remains on the hook to defend archdiocese for now

Distribution: Insurance Supermarket International embraces full digital shift

Fairfax among top insurers globally underwriting cyber risks in 2022

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

CO-OPERATORS

Helping investors look beyond the immediate to invest in their futures

Co-operators General’s earnings down 41 per cent in 2023

Consumer sentiment scores show significant improvement

Co-operators announces acquisition

COMBINED OF AMERICA

Chubb subsidiary in Canada names new president

Combined Insurance aims to grow net premiums by 70% and opens the door to life insurance brokerage

DESJARDINS

Quebec flood zone map raises concerns even before its release

It was appropriate to move forward the purchase of ICPEI, says Valérie Lavoie

Desjardins to fully own ICPEI

Global penalty and disgorgement ordered in discretionary trading case

EMPIRE LIFE

One-third of Canadians have little or no life insurance

Empire Life posts net income of $156 million for 2023

Segregated funds and annuities: Two products for life

Annuities boosted by interest rates

EQUITABLE

Several new developments in permanent life insurance

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Equitable Life launches First Home Savings Account

FORESTERS

Insurance poised for significant growth... among the wealthiest

Term insurance: A product more complex than it seems

Foresters Canada president announces retirement

Report examines financial impact of COVID-19 deaths on life insurance industry

IA FINANCIAL GROUP

iA Financial acquires Laurentian Bank’s full-service brokerage division

Commercial real estate adversely affects insurers’ 2023 financial results

iA Financial Group’s earnings up 149 per cent in 2023

Individual insurance in 2024: clients demand quicker responses

MANULIFE

Manulife reinsures $5.8 billion of reserves for block of universal life business

Water risks are an opportunity for investors

Firm warns that rising rates won’t help defined benefit plans forever

More than $5 billion in earnings for Manulife in 2023

NATIONAL BANK

Regulator levies fine of $125,000

Profitable but unsuitable recommendations results in sanctions

Sun Life moves to acquire Dialogue

iA Financial appoints new wealth management executive

PRIMERICA

Managing General Agency bets on share ownership to win advisors

Primerica highlights unintended consequences of regulation

End is near for “old-style” applications

Advisor Faces Hearing for Use of Pre-Signed Forms

RBC

RBC Wealth Management's first-quarter earnings down 27 per cent

Insurers coordinate to execute annuity buy-out deal for Ford of Canada

Long-term care: Manulife reassures $6 billion

Safe haven assets gain prominence amid economic slowdown

SUN LIFE FINANCIAL

Sun Life earnings up 11 per cent in 2023

BMO Insurance considers higher profile going forward

Mergers and acquisitions: key transactions of 2023

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Regulator fines firm $300,000 for inadequate complaint handling

TD earnings flat in wealth management and insurance

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UV INSURANCE

Seg funds: Regulators agree with charge back but in a tightened manner

Interest rates propel UV Insurance's profit in 2022

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UV Insurance names new board chair

BENEVA

ChatGPT expected to have a positive impact on advisor productivity

Interest rates: A selling point for credit insurance

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2022 Market shares of property and casualty insurers in Canada

BROOKFIELD ANNUITY

Total global assets under management decline in 2022

Sun Life and Brookfield sell buy-in annuity contracts to Stelco plan

The General Motors longevity risk deal was one year in the making

Sun Life leads group announcing $1.8-billion annuity buy-out

Analytic

Casualty rates excluding auto liability decline at the start of 2024

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Infographic

Six out of ten workers not performing to their full potential

Aviva Canada increases earnings by 13 per cent in 2023

Assumption Life insurance sales surged in 2023

Canadian life application activity increases in February

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