Life Insurance in Canada, Key Trends and Opportunities to 2017

Published: Jan, 2014 | Pages: 262 | Publisher: Timetric
Industry: Insurance | Report Format: Electronic (PDF)


Synopsis
The report provides in-depth market analysis, information and insights into the Canadian life insurance segment, including:
The Canadian life insurance segment's growth prospects by life insurance categories 
Key trends and drivers for the life insurance segment 
The various distribution channels in the Canadian life insurance segment
The detailed competitive landscape in the life insurance segment in Canada
Regulatory policies of the Canadian insurance industry
A description of the life reinsurance segment in Canada
Porter's Five Forces analysis of the life insurance segment
A benchmarking section on the Canadian life insurance segment in comparison with other countries with US$60-US$150 billion in gross written premium 

Summary
The Canadian life insurance segment registered a review-period (2008?2012) compound annual growth rate (CAGR) of 2.3% despite a prolonged period of low interest rates, rising levels of household debt, the European debt crisis and weak economic development. Growth was partially a consequence of re-pricing and de-risking practices adopted by insurers, which eventually strengthened their capital positions and balance sheets. Growth was compounded by the strong performance of the equity market, low unemployment rates and inflation. These factors are expected to support the growth of the segment over the forecast period (2012?2017). As such, the segment is expected to increase from a value of CAD40.2 billion (US$40.2 billion) in 2012 to CAD49.0 billion (US$47.3 billion) in 2017, at a projected CAGR of 4.1%. Numerous challenges will be faced however, with persistently low interest rates over the early part of the forecast period and regulatory challenges relating to capital and solvency margins being the main issues. 
Scope
This report provides a comprehensive analysis of the life insurance segment in Canada:
It provides historical values for the Canadian life insurance segment for the report's 2008-2012 review period and forecast figures for the 2012-2017 forecast period.
It offers a detailed analysis of the key categories in the Canadian life insurance segment, along with market forecasts until 2017.
It covers an exhaustive list of parameters, including written premium, incurred loss, loss ratio, commissions and expenses, combined ratio, frauds and crimes, total assets, total investment income and retentions.
It analyses the various distribution channels for life insurance products in Canada.
Using Porter's industry-standard "Five Forces" analysis, it details the competitive landscape in Canada for the life insurance business.
It provides a detailed analysis of the reinsurance segment in Canada and its growth prospects.
It profiles the top life insurance companies in Canada and outlines the key regulations affecting them. 
Reason To Buy
 Make strategic business decisions using in-depth historic and forecast market data related to the Canadian life insurance segment and each category within it
Understand the demand-side dynamics, key market trends and growth opportunities within the Canadian  life insurance segment
Assess the competitive dynamics in the life insurance segment, along with the reinsurance segment
Identify the growth opportunities and market dynamics within key product categories
Gain insights into key regulations governing the Canadian insurance industry and its impact on companies and the market's future 
Key Highlights
 The Canadian life segment has remained resilient to the volatility of the financial markets and uncertain economic conditions following the financial and the European debt crisis during the review period.
The segment is open to foreign insurers and therefore has access to capital from foreign sources.
The introduced PRPPs are expected to provide accessible and low-cost retirement savings for Canadians who do not participate in an employer's sponsored pension plan
The three largest Canadian life insurers are among the top 15 in the world in terms of stock market capitalization.
The Canadian life insurance segment's minimum continuing capital and surplus requirements (MCCSR) ratio stood at 212% in 2013, significantly above OSFI's requirement of 150%. This states that the segment is adequately capitalized.

 1 Executive Summary
2 Introduction
2.1 What is this Report About?
2.2 Definitions
2.3 Methodology
3 Regiol Market Dymics
3.1 Overview
3.1.1 Market trends
3.1.2 Market size
4 Life Insurance Segment - Regiol Benchmarking
4.1 Scale and Penetration
4.1.1 Total gross written premium
4.1.2 Premium per capita
4.1.3 Life insurance penetration (as a percentage of GDP)
4.2 Growth
4.2.1 Gross written premium
4.2.2 Gross written premium per capita
4.3 Efficiency and Risk
4.3.1 Loss ratio
4.3.2 Combined ratio
4.3.3 Incurred losses per capita
4.3.4 Incurred losses as a percentage of GDP
4.4 Distribution Channels
4.4.1 Direct marketing
4.4.2 Insurance Brokers
4.4.3 Bancassurance
4.4.4 Agencies
5 Cadian Insurance Industry Attractiveness
5.1 Insurance Industry Size, 2008-2017
5.2 Key Industry Trends and Drivers
6 Life Insurance Outlook
6.1 Life Insurance Growth Prospects by Category
6.1.1 Individual life insurance
6.1.2 Individual general annuity insurance
6.1.3 Group life insurance
6.1.4 Group superannuation
6.2 Life Insurance Growth Prospects by Product Type
6.2.1 Individual single-premium policies
6.2.2 Individual non-single-premium policies
6.2.3 Group single-premium policies
6.2.4 Group non-single-premium policies
7 Alysis by Distribution Channel
7.1 Direct Marketing
7.2 Bancassurance
7.3 Agencies
7.4 E-Commerce
7.5 Brokers
7.6 Other Channels
8 Porter's Five Forces Alysis - Cadian Life Insurance
8.1 Bargaining Power of Supplier: Low to Medium
8.2 Bargaining Power of Buyer: Medium to High
8.3 Barriers to Entry: Medium to High
8.4 Intensity of Rivalry: High
8.5 Threat of Substitutes: Low
9 Reinsurance Growth Dymics and Challenges
9.1 Reinsurance Segment Size, 2008-2017
9.2 Reinsurance Segment Size by Type of Insurance, 2008-2017
10 Governce, Risk and Compliance
10.1 Legislation Overview and Historical Evolution
10.2 Legislation Trends by Type of Insurance
10.2.1 Life insurance regulatory trends
10.2.2 Property insurance regulatory trends
10.2.3 Motor insurance regulatory trends
10.2.4 Marine, aviation and transit insurance regulatory trends
10.2.5 Persol accident and health insurance regulatory trends
10.3 Compulsory Insurance
10.3.1 Motor third-party liability insurance
10.3.2 Marine liability insurance
10.3.3 Workmen's compensation insurance
10.4 Supervision and Control
10.4.1 Intertiol Association of Insurance Supervisors (IAIS)
10.4.2 Office of the Superintendent of Fincial Institutions Cada (OSFI)
10.4.3 Cadian Council of Insurance Regulators (CCIR)
10.5 Non-Admitted Insurance Regulatory Trends
10.5.1 Overview
10.5.2 Intermediaries
10.5.3 Market practices
10.5.4 Fines and pelties
10.6 Company Registration and Operations
10.6.1 Types of insurance organization
10.6.2 Establishing a local company
10.6.3 Foreign ownership
10.6.4 Types of license
10.6.5 Capital requirements
10.6.6 Solvency margins
10.6.7 Reserve requirements
10.6.8 Investment regulations
10.6.9 Statutory return requirements
10.7 Taxation
10.7.1 Insurance premium or policy taxation
10.7.2 Corporate tax
10.7.3 VAT
10.7.4 Captives
10.8 Legal System
10.8.1 Introduction
10.8.2 Access to court
10.8.3 Altertive dispute resolution (ADR)
11 Competitive Landscape and Strategic Insights
11.1 Overview
11.2 Leading Companies in the Cada Life Insurance Segment
11.3 Comparison of the Top Five Insurers
11.3.1 Gross written premium
11.3.2 Paid claims
11.3.3 Total assets
11.3.4 Total Investment Income
11.4 Manulife Fincial Corporation - Overview
11.4.1 Manulife Fincial Corporation - key facts
11.4.2 Manulife Fincial Corporation - key fincials
11.5 The Great-West Life Assurance Company - Overview
11.5.1 The Great-West Life Assurance Company - key facts
11.5.2 The Great-West Life Assurance Company - key fincials
11.6 Sun Life Fincial Inc. - Overview
11.6.1 Sun Life Fincial Inc. - key facts
11.6.2 Sun Life Fincial Inc. - key fincials
11.7 RBC Life Insurance Company - Overview
11.7.1 RBC Life Insurance Company - key facts
11.7.2 RBC Life Insurance Company - key fincials
11.8 The Standard Life Assurance Company of Cada - Overview
11.8.1 The Standard Life Assurance Company of Cada - key facts
11.8.2 The Standard Life Assurance Company of Cada - key fincials
11.9 The Empire Life Insurance Company - Overview
11.9.1 The Empire Life Insurance Company - key facts
11.9.2 The Empire Life Insurance Company - key fincials
11.1 Co-operators Life Insurance Company - Overview
11.10.1 Co-operators Life Insurance Company - key facts
11.10.2 Co-operators Life Insurance Company - key fincials
11.11 Transamerica Life Cada - Overview
11.11.1 Transamerica Life Cada - key facts
11.11.2 Transamerica Life Cada - key fincials
11.12 BMO Life Insurance Company - Overview
11.12.1 BMO Life Insurance Company - key facts
11.12.2 BMO Life Insurance Company - key fincials
11.13 The Equitable Life Insurance Company of Cada - Overview
11.13.1 The Equitable Life Insurance Company of Cada - key facts
11.13.2 The Equitable Life Insurance Company of Cada - key fincials
12 Business Environment and Country Risk
12.1 Business Confidence
12.1.1 Market capitalization trend - Cadian Stock Exchange, Cada
12.2 Economic Performance
12.2.1 GDP at constant prices (US$)
12.2.2 GDP per capita at constant prices (US$)
12.2.3 GDP at current prices (US$)
12.2.4 GDP per capita at current prices (US$)
12.2.5 GDP by key segments
12.2.6 Agriculture, hunting, forestry and fishing net output at current prices (US$)
12.2.7 Agriculture, hunting, forestry and fishing net output at current prices as a percentage of GDP
12.2.8 Manufacturing net output at current prices (US$)
12.2.9 Manufacturing net output at current prices as a percentage of GDP
12.2.10 Mining, manufacturing and utilities at current prices (US$)
12.2.11 Mining, manufacturing and utilities at current prices as a percentage of GDP
12.2.12 Construction net output at current prices (US$)
12.2.13 Construction net output at current prices as a percentage of GDP
12.2.14 Inflation rate
12.2.15 Exports as a percentage of GDP
12.2.16 Imports as a percentage of GDP
12.2.17 Exports growth
12.2.18 Imports growth
12.2.19 Annual average exchange rate US$-CAD
12.3 Infrastructure
12.3.1 Commercial vehicles Imports - total value
12.3.2 Commercial vehicles exports - total value
12.3.3 Automotive exports - total value
12.3.4 Automotive imports - total value
12.3.5 Total internet subscribers
12.4 Labor Force
12.4.1 Labor force
12.4.2 Unemployment rate
12.5 Demographics
12.5.1 Gross tiol disposable income
12.5.2 Household consumption expenditure
12.5.3 Total population
12.5.4 Urban and rural populations
12.5.5 Age distribution of the total population
13 Appendix
13.1 Methodology
13.2 Contact Timetric
13.3 About Timetric
13.4 Timetric's Services
13.5 Disclaimer


List of Tables
Table 1: Insurance Industry Definitions
Table 2: Peer Group (US$60-US$150 Billion) Insurance Markets - Health Expenditure  (% of GDP), 2008-2010
Table 3: Cadian Insurance - Overall Written Premium by Segment (CAD Billion), 2008-2012
Table 4: Cadian Insurance - Overall Written Premium by Segment (US$ Billion), 2008-2012
Table 5: Cadian Insurance - Overall Written Premium by Segment (CAD Billion), 2012-2017
Table 6: Cadian Insurance - Overall Written Premium by Segment (US$ Billion), 2012-2017
Table 7: Cadian Insurance - Segmentation (% Share), 2008-2017
Table 8: Cadian Life Insurance - Written Premium by Category (CAD Billion), 2008-2012
Table 9: Cadian Life Insurance - Written Premium by Category (US$ Billion), 2008-2012
Table 10: Cadian Life Insurance - Written Premium by Category (CAD Billion), 2012-2017
Table 11: Cadian Life Insurance - Written Premium by Category (US$ Billion), 2012-2017
Table 12: Cadian Life Insurance - Earned Premium (CAD Billion), 2008-2012
Table 13: Cadian Life Insurance - Earned Premium (CAD Billion), 2012-2017
Table 14: Cadian Life Insurance - Sum Assured (CAD Trillion), 2008-2012
Table 15: Cadian Life Insurance - Sum Assured (CAD Trillion), 2012-2017
Table 16: Cadian Life Insurance - Paid Claims (CAD Billion), 2008-2012
Table 17: Cadian Life Insurance - Paid Claims (CAD Billion), 2012-2017
Table 18: Cadian Life Insurance - Incurred Loss (CAD Billion), 2008-2012
Table 19: Cadian Life Insurance - Incurred Loss (CAD Billion), 2012-2017
Table 20: Cadian Life Insurance - Loss Ratio (%), 2008-2012
Table 21: Cadian Life Insurance - Loss Ratio (%), 2012-2017
Table 22: Cadian Life Insurance - Commissions and Expenses (CAD Billion), 2008-2012
Table 23: Cadian Life Insurance - Commissions and Expenses (CAD Billion), 2012-2017
Table 24: Cadian Life Insurance - Combined Ratio (%), 2008-2012
Table 25: Cadian Life Insurance - Combined Ratio (%), 2012-2017
Table 26: Cadian Life Insurance - Frauds and Crimes (CAD Billion), 2008-2012
Table 27: Cadian Life Insurance - Frauds and Crimes (CAD Billion), 2012-2017
Table 28: Cadian Life Insurance - Total Assets (CAD Billion), 2008-2012
Table 29: Cadian Life Insurance - Total Assets (CAD Billion), 2012-2017
Table 30: Cadian Life Insurance - Total Investment Income (CAD Billion), 2008-2012
Table 31: Cadian Life Insurance - Total Investment Income (CAD Billion), 2012-2017
Table 32: Cadian Life Insurance - Retentions (CAD Billion), 2008-2012
Table 33: Cadian Life Insurance - Retentions (CAD Billion), 2012-2017
Table 34: Cadian Individual Life Insurance - Number of Active Policies (Thousand), 2008-2012
Table 35: Cadian Individual Life Insurance - Number of Active Policies, 2012-2017
Table 36: Cadian Individual Life Insurance - Written Premium (CAD Billion), 2008-2012
Table 37: Cadian Individual Life Insurance - Written Premium (CAD Billion), 2012-2017
Table 38: Cadian Individual General Annuity Insurance - Number of Active Policies (Thousand), 2008-2012
Table 39: Cadian Individual General Annuity Insurance - Number of Active Policies (Thousand), 2012-2017
Table 40: Cadian Individual General Annuity Insurance - Written Premium (CAD Billion), 2008-2012
Table 41: Cadian Individual General Annuity Insurance - Written Premium (CAD Billion), 2012-2017
Table 42: Cadian Group Life Insurance - Number of Active Policies (Thousand), 2008-2012
Table 43: Cadian Group Life Insurance - Number of Active Policies (Thousand), 2012-2017
Table 44: Cadian Group Life Insurance - Written Premium (CAD Billion), 2008-2012
Table 45: Cadian Group Life Insurance - Written Premium (CAD Billion), 2012-2017
Table 46: Cadian Group Superannuation - Number of Active Policies (Thousand), 2008-2012
Table 47: Cadian Group Superannuation - Number of Active Policies (Thousand), 2012-2017
Table 48: Cadian Group Superannuation - Written Premium (CAD Billion), 2008-2012
Table 49: Cadian Group Superannuation - Written Premium (CAD Billion), 2012-2017
Table 50: Cadian Individual Single-Premium Insurance - Number of Active Policies (Thousand), 2008-2012
Table 51: Cadian Individual Single-Premium Insurance - Number of Active Policies (Thousand), 2012-2017
Table 52: Cadian Individual Single-Premium Insurance - Written Premium (CAD Billion), 2008-2012
Table 53: Cadian Individual Single-Premium Insurance - Written Premium (CAD Billion), 2012-2017
Table 54: Cadian Individual Non-Single-Premium Insurance - Number of Active Policies (Thousand), 2008-2012
Table 55: Cadian Individual Non-Single-Premium Insurance - Number of Active Policies (Thousand), 2012-2017
Table 56: Cadian Individual Non-Single-Premium Insurance - Written Premium (CAD Billion), 2008-2012
Table 57: Cadian Individual Non-Single-Premium Insurance - Written Premium(CAD Billion), 2012-2017
Table 58: Cadian Group Single-Premium Insurance - Number of Active Policies (Thousand), 2008-2012
Table 59: Cadian Group Single-Premium Insurance - Number of Active Policies (Thousand), 2012-2017
Table 60: Cadian Group Single-Premium Insurance - Written Premium (CAD Billion), 2008-2012
Table 61: Cadian Group Single-Premium Insurance - Written Premium (CAD Billion), 2012-2017
Table 62: Cadian Group Non-Single-Premium Insurance - Number of Active Policies (Thousand), 2008-2012
Table 63: Cadian Group Non-Single-Premium Insurance - Number of Active Policies (Thousand),2012-2017
Table 64: Cadian Group Non-Single-Premium Insurance - Written Premium (CAD Billion), 2008-2012
Table 65: Cadian Group Non-Single-Premium Insurance - Written Premium (CAD Billion), 2012-2017
Table 66: Cadian Life Insurance - Direct Marketing Commission Paid (CAD Billion), 2008-2012
Table 67: Cadian Life Insurance - Direct Marketing Commission Paid (CAD Billion), 2012-2017
Table 68: Cadian Life Insurance - New Business Written Premium Through Direct Marketing (CAD Billion), 2008-2012
Table 69: Cadian Life Insurance - New Business Written Premium Through Direct Marketing (CAD Billion), 2012-2017
Table 70: Cadian Life Insurance - New Policies Sold Through Direct Marketing (Thousand), 2008-2012
Table 71: Cadian Life Insurance - New Policies Sold Through Direct Marketing (Thousand), 2012-2017
Table 72: Cadian Life Insurance - Number of Direct Marketing Distributors, 2008-2012
Table 73: Cadian Life Insurance - Number of Direct Marketing Distributors, 2012-2017
Table 74: Cadian Life Insurance - Bancassurance Commission Paid (CAD Billion), 2008-2012
Table 75: Cadian Life Insurance - Bancassurance Commission Paid (CAD Billion), 2012-2017
Table 76: Cadian Life Insurance - New Business Written Premium Through Bancassurance (CAD Billion), 2008-2012
Table 77: Cadian Life Insurance - New Business Written Premium Through Bancassurance (CAD Billion), 2012-2017
Table 78: Cadian Life Insurance - New Policies Sold Through Bancassurance (Thousand), 2008-2012
Table 79: Cadian Life Insurance - New Policies Sold Through Bancassurance (Thousand), 2012-2017
Table 80: Cadian Life Insurance - Number of Bancassurance Distributors, 2008-2012
Table 81: Cadian Life Insurance - Number of Bancassurance Distributors, 2012-2017
Table 82: Cadian Life Insurance - Commission Paid to Agencies (CAD Billion), 2008-2012
Table 83: Cadian Life Insurance - Commission Paid to Agencies (CAD Billion), 2012-2017
Table 84: Cadian Life Insurance - New Business Written Premium Through Agencies (CAD Billion), 2008-2012
Table 85: Cadian Life Insurance - New Business Written Premium Through Agencies (CAD Billion), 2012-2017
Table 86: Cadian Life Insurance - New Policies Sold Through Agencies (Thousand), 2008-2012
Table 87: Cadian Life Insurance - New Policies Sold Through Agencies (Thousand), 2012-2017
Table 88: Cadian Life Insurance - Number of Agencies, 2008-2012
Table 89: Cadian Life Insurance - Number of Agencies, 2012-2017
Table 90: Cadian Life Insurance - E-Commerce Commission Paid (CAD Million), 2008-2012
Table 91: Cadian Life Insurance - E-Commerce Commission Paid (CAD Million), 2012-2017
Table 92: Cadian Life Insurance - New Business Written Premium Through E-Commerce (CAD Million), 2008-2012
Table 93: Cadian Life Insurance - New Business Written Premium Through E-Commerce (CAD Million), 2012-2017
Table 94: Cadian Life Insurance - New Policies Sold Through E-Commerce (Thousand), 2008-2012
Table 95: Cadian Life Insurance - New Policies Sold Through E-Commerce (Thousand), 2012-2017
Table 96: Cadian Life Insurance - Number of E-Commerce Distributors, 2008-2012
Table 97: Cadian Life Insurance - Number of E-Commerce Distributors, 2012-2017
Table 98: Cadian Life Insurance - Commission Paid to Brokers (CAD Billion), 2008-2012
Table 99: Cadian Life Insurance - Commission Paid to Brokers (CAD Billion), 2012-2017
Table 100: Cadian Life Insurance - New Business Written Premium Through Brokers (CAD Billion), 2008-2012
Table 101: Cadian Life Insurance - New Business Written Premium Through Brokers (CAD Billion), 2012-2017
Table 102: Cadian Life Insurance - New Policies Sold Through Brokers (Thousand), 2008-2012
Table 103: Cadian Life Insurance - New Policies Sold Through Brokers (Thousand), 2012-2017
Table 104: Cadian Life Insurance - Number of Brokers, 2008-2012
Table 105: Cadian Life Insurance - Number of Brokers, 2012-2017
Table 106: Cadian Life Insurance - Commission Paid to Other Channels (CAD Million), 2008-2012
Table 107: Cadian Life Insurance - Commission Paid to Other Channels (CAD Million), 2012-2017
Table 108: Cadian Life Insurance - New Business Written Premium Through Other Channels (CAD Million), 2008-2012
Table 109: Cadian Life Insurance - New Business Written Premium Through Other Channels (CAD Million), 2012-2017
Table 110: Cadian Life Insurance - New Policies Sold Through Other Channels (Thousand), 2008-2012
Table 111: Cadian Life Insurance - New Policies Sold Through Other Channels (Thousand), 2012-2017
Table 112: Cadian Life Insurance - Number of Distributors in Other Channels, 2008-2012
Table 113: Cadian Life Insurance - Number of Distributors in Other Channels, 2012-2017
Table 114: Reinsurance in Cada by Category (CAD Billion), 2008-2012
Table 115: Reinsurance in Cada by Category (US$ Billion), 2008-2012
Table 116: Reinsurance in Cada by Category (CAD Billion), 2012-2017
Table 117: Reinsurance in Cada by Category (US$ Billion), 2012-2017
Table 118: Cadian Premium Ceded to Reinsurance by Type of Insurance (CAD Billion), 2008-2012
Table 119: Cadian Premium Ceded to Reinsurance by Type of Insurance (US$ Billion), 2008-2012
Table 120: Cadian Premium Ceded to Reinsurance by Type of Insurance (CAD Billion), 2012-2017
Table 121: Cadian Premium Ceded to Reinsurance by Type of Insurance (US$ Billion), 2012-2017
Table 122: Cadian Life Insurance - Percentage of Reinsurance Ceded (%), 2008-2012
Table 123: Cadian Life Insurance - Percentage of Reinsurance Ceded (%), 2012-2017
Table 124: Cada - Legislations Governing Automobile Insurance in Each Province and Territory
Table 125: Cada - Workmen's Compensation Insurance
Table 126: Cada - Non-Admitted Insurance Regulatory Framework
Table 127: Cada - Legislations Governing Motor Insurance in Each Province and Territory
Table 128: Cada - Solvency Margin Requirements for Federally Regulated Insurance Companies
Table 129: Cada - Insurance Premium Taxation 2012-2013
Table 130: Cada - Corporate Taxation 2012-2013
Table 131: Cadian Life Insurance Market Share (%), 2012
Table 132: Manulife Fincial Corporation, Key Facts
Table 133: Manulife Fincial Corporation, Key Fincials (CAD Million)
Table 134: The Great-West Life Assurance Company, Key Facts
Table 135: The Great-West Life Assurance Company, Key Fincials (CAD Million)
Table 136: Sun Life Fincial Inc., Key Facts
Table 137: Sun Life Fincial Inc., Key Fincials (CAD Million)
Table 138: RBC Life Insurance Company, Key Facts
Table 139: RBC Life Insurance Company, Key Fincials (CAD Million)
Table 140: The Standard Life Assurance Company of Cada, Key Facts
Table 141: The Standard Life Assurance Company of Cada, Key Fincials (CAD Million)
Table 142: The Empire Life Insurance Company, Key Facts
Table 143: The Empire Life Insurance Company, Key Fincials (CAD Million)
Table 144: Co-operators Life Insurance Company, Key Facts
Table 145: Co-operators Life Insurance Company, Key Fincials (CAD Million)
Table 146: Transamerica Life Cada, Key Facts
Table 147: Transamerica Life Cada, Key Fincials (CAD Million)
Table 148: BMO Life Insurance Company, Key Facts
Table 149: BMO Life Insurance Company, Key Fincials (CAD Million)
Table 150: The Equitable Life Insurance Company of Cada, Key Facts
Table 151: The Equitable Life Insurance Company of Cada, Key Fincials (CAD Million)