Company anticipates an increase in claims due to catastrophic events in the next quarter.
Whole life grew most in terms of premiums.
The combined sales figures from LIMRA and Statistics Canada show that more needs to be done to increase sales.
The bank released its results for the quarter ended April 30.
The bank increased its provision for credit losses on impaired loans.
The bank reported its results for the second quarter on May 23.
The financial cooperative posted its Q1 results on May 10.