TOP 20| GROUP INSURANCE PROVIDERS

❰ SP ECIA L F E ATU RE : 20 1 6 GRO U P B EN EFIT S P ROVID ER S REP O R T
BENEFITS
TOP 20 | GROUP INSURANCE PROVIDERS
INSURED PREMIUMS AND NON-INSURED DEPOSITS (MILLIONS) AS OF DEC. 31, 2015
Company
2015
2014
Variance
1|Sun Life Financial
$8,898.2
$8,345.5 6.6%
2|Manulife Financial*
$8,114.2
$7,200.9 12.7%
3|Great-West Life Assurance Company
$7,927.4 $7,808.2 1.5%
4|Desjardins Insurance
$2,434.4
$2,422.3 0.5%
5|SSQ Financial Group*
$1,802.7 $1,726.6 4.4%
6|Green Shield Canada
$1,677.7
$1,593.8 5.3%
7|Pacific Blue Cross*
$1,284.7 $1,188.2 8.1%
8|Medavie Blue Cross*
$1,120.9 $1,099.0 2.0%
9|Industrial Alliance, Insurance and Financial Services Inc.* $1,028.4 $985.3 4.4%
10|Alberta Blue Cross
$977.1 $910.6 7.3%
11|La Capitale assurances et gestion du patrimoine
$565.9 $547.5 3.4%
12|Empire Life Insurance Company*
$395.9 $383.9 3.2%
13|Blue Cross Life Insurance Company of Canada
$359.9 $320.8 12.2%
14|Equitable Life of Canada*
$352.4 $353.5 -0.3%
15|Manitoba Blue Cross*
$298.5 $294.7 1.3%
16|The Co-operators
$279.0 $258.3 8.0%
17|RBC Insurance
$243.0 $232.0 4.7%
18|Assumption Life
$75.7 $68.5 10.5%
19|Saskatchewan Blue Cross
$67.4 $63.6 6.0%
1
20|Cigna Life Insurance Company of Canada $58.4- op 20 total
T
Industry total
$37,961.8
$38,054.8
$35,803.2 $35,886.4 6.0%
6.0%
Notes: Figures in this report are based on responses provided by the survey participants. Benefits Canada assumes no responsibility for the accuracy of the data provided. All totals are subject to +/- variance due to rounding.
1 There are no 2014 figures for Cigna Life Insurance Company of Canada as it did not have in-Canada business in 2014.
*Restated 2014 figures.
Source: Benefits Canada/Canadian Institutional Investment Network 2016 survey of group insurance providers
BenefitsCanada | April 2016
❰ SP ECIA L F E ATU RE : 20 1 6 GRO U P B EN EFIT S P ROVID ER S REP O R T
BENEFITS
TOP 10 | GROUP LIFE PROVIDERS
INSURED PREMIUMS (MILLIONS) AS OF DEC. 31, 2015
Company
2015
2014
1| Great-West Life Assurance Company
$771.9
$770.2 Variance
0.2%
2| Manulife Financial*
$691.0
$600.7 15.0%
3| Sun Life Financial
$639.6
$635.7 0.6%
4| Desjardins Insurance
$226.9
$234.1 -3.1%
5| SSQ Financial Group
$163.4
$160.3 1.9%
6| Industrial Alliance, Insurance and Financial Services Inc.
$101.4
$97.2 4.3%
19.3%
7| Blue Cross Life Insurance Company of Canada
$91.3
$76.5 8| La Capitale assurances et gestion du patrimoine
$51.5
$49.5 4.0%
9| RBC Insurance
$40.3
$34.3 17.5%
10| The Co-operators
$36.4
$33.1 10.0%
$2,813.7
$2,914.5
$2,691.6 $2,789.3 4.5%
4.5%
op 10 total
T
Industry total
Notes: Figures in this report are based on responses provided by the survey participants. Benefits Canada assumes no responsibility for the accuracy of the
data provided. All totals are subject to +/- variance due to rounding.
*Restated 2014 figures.
TOP 10 | GROUP HEALTH PROVIDERS
INSURED PREMIUMS (MILLIONS) AS OF DEC. 31, 2015
Company
2015
2014
1| Great-West Life Assurance Company
$4,221.0 $4,124.7 Variance
2.3%
2| Manulife Financial*
$4,120.5
$3,565.8 15.6%
3| Sun Life Financial
$3,528.4
$3,431.0 2.8%
4| Desjardins Insurance
$2,003.0
$2,020.6 -0.9%
5| SSQ Financial Group*
$1,515.3
$1,450.4 4.5%
6| Industrial Alliance, Insurance and Financial Services Inc.
$834.1
$802.0 4.0%
7| La Capitale assurances et gestion du patrimoine
$497.8
$483.0 3.1%
8| Green Shield Canada
$431.3
$408.6 5.6%
9| Medavie Blue Cross
$404.9
$378.4 7.0%
10| Empire Life Insurance Company
$319.9
$313.3 2.1%
$17,876.2
$19,435.6
$16,977.8 $18,398.1 5.3%
5.6%
op 10 total
T
Industry total
Notes: Figures in this report are based on responses provided by the survey participants. Benefits Canada assumes no responsibility for the accuracy of the
data provided. All totals are subject to +/- variance due to rounding.
*Restated 2014 figures.
TOP 10 | ASO PROVIDERS
(ASO GROUP LIFE + ASO GROUP HEALTH)
NON-INSURED DEPOSITS (MILLIONS) AS OF DEC. 31, 2015
Company
1| Sun Life Financial
2| Manulife Financial*
2015
$4,730.2
$3,302.7
2014
$4,278.8 $3,034.4 Variance
10.5%
8.8%
3| Great-West Life Assurance Company
4| Green Shield Canada
5| Pacific Blue Cross*
$2,934.5
$1,246.4
$1,018.7
$2,913.2 $1,185.2 $927.8 0.7%
5.2%
9.8%
6| Alberta Blue Cross
7| Medavie Blue Cross
$860.8
$716.0
$800.0 $720.6 7.6%
-0.6%
8| Desjardins Insurance
9| Manitoba Blue Cross*
10| SSQ Financial Group*
$204.5
$191.0
$124.1
$167.6 $191.5 $115.8 22.0%
-0.3%
7.2%
$15,328.9
$15,704.7
$14,334.9 $14,696.7 6.9%
6.9%
Top 10 total
Industry total
Notes: Figures in this report are based on responses provided by the survey participants. Benefits Canada assumes no responsibility for the accuracy of the
data provided. All totals are subject to +/- variance due to rounding.
*Restated 2014 figures.
Source: Benefits Canada/Canadian Institutional Investment Network 2016 survey of group insurance providers
BenefitsCanada | April 2016