❰ 2019 Group Benefits providers report ❱

2019 Group

Benefits providers

report ❱

Benefi ts

❰ 2019 Group Benefits providers report ❱

Benefits CAnAdA

Source: Benefits Canada/Canadian Institutional Investment Network’s 2019 survey of group insurance providers

Top 20 | Group Insurance provIdersInsured premIums and non-Insured deposIts (mIllIons) as of dec. 31, 2018

Company 2018 2017 Variance 1| sun Life financial $10,348.2 $9,868.6 4.9% 2| Manulife financial Corp. $9,332.0 $8,376.8 11.4% 3| Great-West Life Assurance Co. $9,135.7 $8,797.1 3.8% 4| desjardins insurance $2,574.4 $2,731.6 -5.8% 5| Green shield Canada $2,252.0 $2,170.2 3.8% 6| ssQ insurance* $2,022.8 $2,013.5 0.5% 7| Medavie Blue Cross $1,604.3 $1,467.7 9.3% 8| iA financial Group $1,256.9 $1,135.6 10.7% 9| pacific Blue Cross $1,212.0 $1,179.3 2.8% 10| Alberta Blue Cross* $1,141.9 $1,084.5 5.3% 11| La Capitale assureur de l’administration publique inc. $693.8 $634.6 9.3% 12| equitable Life insurance Co. of Canada $470.3 $419.4 12.1% 13| empire Life insurance Co.* $426.8 $409.9 4.1% 14| Manitoba Blue Cross $350.2 $339.5 3.2% 15| rBC insurance $340.0 $312.5 8.8% 16| the Co-operators Life insurance Co. $320.8 $313.9 2.2% 17| saskatchewan Blue Cross $128.6 $124.3 3.5% 18| Chubb insurance Co. of Canada1 $79.7 $72.7 9.6%

19| Assumption Life $73.03 $72.8 0.3%20| uv Mutuelle* $73.0 $65.0 12.3%

Top 20 $43,836.4 $41,589.5 5.4% Industry total $43,863.8 $41,614.9 5.4%

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. in previous years, Chubb was listed as Ace ina insurance, which acquired Chubb in 2015. * restated 2017 figures

❰ 2019 Group Benefits providers report ❱

Benefits CAnAdA

Source: Benefits Canada/Canadian Institutional Investment Network’s 2019 survey of group insurance providers

Top 10 | Group health provIders Insured premIums (mIllIons) as of dec. 31, 2018

Company 2018 2017 Variance 1| Great-West Life Assurance Co. $4,901.8 $4,824.4 1.6% 2| Manulife financial Corp.1 $4,840.0 $4,012.9 20.6%

3| sun Life financial $4,618.3 $4,232.2 9.1% 4| desjardins insurance $2,097.7 $2,252.5 -6.9% 5| ssQ insurance* $1,718.9 $1,726.4 -0.4% 6| iA financial Group $997.1 $911.1 9.4% 7| Medavie Blue Cross $715.9 $633.8 13.0% 8| La Capitale assureur de l’administration publique inc. $619.4 $564.5 9.7% 9| Green shield Canada $564.0 $524.9 7.4% 10| empire Life insurance Co.* $333.8 $325.5 2.5%

Top 10 total $21,406.9 $20,008.2 7.0% Industry total $23,018.3 $21,545.8 6.8% Notes: 1. The significant variance is due to a one-time payment from one large client and new business from another large client. * Restated 2017 figures

Top 10 | Group lIfe provIdersInsured premIums (mIllIons) as of dec. 31, 2018

Company 2018 2017 Variance 1| Manulife financial Corp. $834.0 $829.5 0.5% 2| Great-West Life Assurance Co. $832.7 $819.6 1.6% 3| sun Life financial $674.8 $654.2 3.1% 4| desjardins insurance $237.8 $244.5 -2.7% 5| ssQ insurance* $148.9 $154.6 -3.7% 6| iA financial Group $115.3 $108.8 6.0% 7| Medavie Blue Cross $81.9 $75.3 8.8% 8| La Capitale assureur de l’administration publique inc. $56.6 $53.0 6.8% 9| rBC insurance $52.3 $49.5 5.7% 10| equitable Life insurance Co. of Canada $37.9 $34.7 9.2%

Top 10 total $3,072.2 $3,023.7 1.6% Industry total $3,227.3 $3,169.8 1.8%

Note: * Restated 2017 figures

Source: Benefits Canada/Canadian Institutional Investment Network’s 2019 survey of group insurance providers

❰ 2019 Group Benefits providers report ❱

Benefits CAnAdA

Source: Benefits Canada/Canadian Institutional Investment Network’s 2019 survey of group insurance providers

Top 10 | aso provIders (ASO GROup Life + ASO GROup HeALTH)

non-Insured deposIts (mIllIons) as of dec. 31, 2018

Company 2018 2017 Variance 1| sun Life financial $5,055.1 $4,982.2 1.5% 2| Manulife financial Corp. $3,658.0 $3,534.4 3.5% 3| Great-West Life Assurance Co. $3,401.2 $3,153.1 7.9% 4| Green shield Canada $1,688.0 $1,645.3 2.6% 5| Alberta Blue Cross* $995.6 $942.2 5.7% 6| pacific Blue Cross $916.9 $882.8 3.9% 7| Medavie Blue Cross $806.5 $758.6 6.3% 8| Manitoba Blue Cross $241.2 $232.1 3.9% 9| desjardins insurance $238.9 $234.6 1.8% 10| ssQ insurance* $155.0 $132.5 17.0%

Top 10 total $17,156.4 $16,497.8 4.0% Industry total $17,618.2 $16,899.3 4.3%

Notes: * restated 2017 figures