Top 25 insurance companies in Canada
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Following list shows the top 25 insurance companies and best insurance companies in Canada ranked by total assets. Manulife Financial is the largest insurance company in Canada and one of the largest life insurers in the world. Manulife operates in 21 countries with principal operations in Asia, Canada and the United States. Great-West Lifeco Inc. is the second largest insurance company in Canada by assets and is a member of the Power Financial Corporation. Great-West Lifeco operates through its subsidiaries: Great-West Life Assurance Company, London Life Insurance Company, Canada Life Assurance Company, Great-West Life & Annuity Insurance Company and Putnam Investments.
| Rank |
Insurance company |
Total Assets (US$bn, 31/12/2011) |
| 1 |
Manulife Financial |
452.243 |
| 2 |
Great-West Lifeco |
233.674 |
| 3 |
Sun Life Financial |
213.375 |
| 4 |
Canada Life Assurance Company |
99.505 |
| 5 |
London Life Insurance Company |
64.429 |
| 6 |
Industrial Alliance Insurance |
36.642 |
| 7 |
Fairfax Financial Holdings |
32.694 |
| 8 |
Standard Life |
21.415 |
| 9 |
Intact Financial |
19.332 |
| 10 |
Desjardins Financial Security |
17.883 |
| 11 |
Old Republic International Corporation |
16.050 |
| 12 |
E-L Financial Corp. |
14.288 |
| 13 |
Empire Life Insurance Company |
9.801 |
| 14 |
The Co-operators Group |
9.663 |
| 15 |
Transamerica Life Canada |
9.650 |
| 16 |
Foresters |
8.405 |
| 17 |
Aviva Insurance Company of Canada |
> 8.00 |
| 18 |
RBC Insurance |
7.367 |
| 19 |
Royal & SunAlliance Canada (RSA Canada) |
7.100 |
| 20 |
Wawanesa Mutual Insurance Company |
6.905 |
| 21 |
AXA Canada |
5.668 |
| 22 |
Genworth MI Canada |
5.278 |
| 23 |
BMO Life Assurance |
5.275 |
| 24 |
Economical Insurance Group |
4.570 |
| 25 |
La Capitale Civil Service Mutual |
4.328 |
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