Following list shows the top 30 insurance companies in Canada in terms of total assets. Manulife is the largest insurance company in Canada and one of the largest life insurers in the world. It offers life and health insurance, dental insurance, travel insurance, pension products, annuities, mutual funds, assets management and other services. Power Financial Corporation is the second largest insurer in Canada with assets of over C$400 billion. The company’s insurance subsidiaries include Great-West Life, London Life and Canada Life Assurance Company. Auto insurance is the largest product line segment in the Canadian insurance market. According to the J.D. Power Canadian Auto Insurance Satisfaction Study, The Co-operators and The Personal ranked highest in their respective regions.

Rank Company Total assets (C$b, December 31, 2016)
1 Manulife Financial 720.681
2 Power Financial 418.586
3 Sun Life Financial 258.238
4 Fairfax Financial 58.473
5 Industrial Alliance Insurance 57.050
6 Desjardins (1) 50.306
7 Intact Financial 22.991
8 E-L Financial Corp 20.584
9 The Co-operators Group 14.541
10 RBC Insurance (2) 13.197
11 ivari (3) 12.421
12 Aviva Canada Inc 12.203
13 SSQ Financial 11.374
14 TD Insurance (4) 8.985
15 BMO Life Insurance Company 8.944
16 RGA Life Reinsurance Company of Canada 8.289
17 Wawanesa Mutual Insurance Company (5) 7.977
18 Genworth MI Canada Inc 6.612
19 La Capitale 6.375
20 Economical Mutual Insurance Company 5.494
21 Royal & Sun Alliance Insurance Co. of Canada 4.638
22 Chubb Insurance Company of Canada 4.248
23 Zurich Insurance 4.131
24 AIG Insurance Company of Canada 4.084
25 Equitable Life Insurance Company of Canada 3.700
26 Allstate Insurance Company of Canada 3.622
27 Primerica Life Insurance Company of Canada 3.586
28 Dominion of Canada General Insurance 3.407
29 MD Life Insurance Company 3.287
30 Canada Guaranty Mortgage Insurance Company 1.830
31 Assurant Life of Canada 1.785
32 Foresters Life Insurance Company 1.569

1 - Combinied sssets for Desjardins Financial Security Life Assurance Company and Desjardins General Insurance Group (DGIG).
2 - Combinied assets for RBC Life Insurance Co. and RBC Insurance Company of Canada. In 2016, RBC General Insurance Company was sold to Aviva Canada.
3 - ivari (formerly Transamerica Life Canada) was acquired by Wilton Re from Aegon N.V. in 2015.
4 - Assets for Meloche Monnex Inc and TD Life Insurance Company. Meloche Monnex (also known as TD Insurance) include Security National Insurance Company, Primmum Insurance Company, TD Home and Auto Insurance Company, TD General Insurance Company and TD Direct Insurance.
5 - In July 2017, Trimont Financial Ltd, a subsidiary of the Wawanesa Mutual, completed acquisition of Western Financial Group Inc and Western Life Assurance Company from Desjardins Group.