2017 Provincial data
NL PE NS NB QC ON MB SK AB BC Canada*
Canadian marketplace
People with protection (thousands) 430 120 740 620 7,400 10,900 980 910 3,100 3,500 29,000
Weekly benefits paid ($millions) 20 6 46 37 369 794 56 45 185 200 1,765
People employed by industry 780 320 3,400 3,300 31,500 71,600 6,500 3,700 17,200 16,800 155,200
Number of active insurers
1
Life and health insurers 59 60 62 62 69 73 64 64 62 66 81
Not-for-profit health benefit providers 2 2 2 2 3 3 2 3 3 2 8
Fraternal benefit societies
5 6 7 7 11 12 9 9 11 9 12
Total insurers
66 68 71 71 83 88 75 76 76 77 101
Number of head offices - - - 4 16 67 4 3 5 2 101
Provincial tax contributions
2
($millions)
Taxes borne 58 11 58 43 928 1,020 69 62 276 217 2,744
Taxes collected
- - - - 823 1,489 52 - - - 2,364
Total tax contributions
58 11 58 43 1,751 2,509 121 62 276 217 5,108
1
Excludes 55 property and casualty insurers actively providing health coverage
2
Canada total excludes federal tax contributions. Please refer to the Total tax contributions section of Canadian Life and Health Insurance Facts
Canadian investments
3
Investments ($billions) 15 5 21 14 154 308 25 21 94 89
Long-term investments (%) 98 98 98 97 97 97 97 98 98 97
Investments by type (%)
Corporate securities 33 30 35 36 27 35 25 38 41 33
Mortgage & real estate 5 3 13 7 11 13 10 8 17 17
Mutual funds 31 45 25 29 26 24 30 36 30 26
Provincial bonds 17 14 17 16 22 12 20 9 2 11
Municipal bonds 4 3 4 5 4 4 4 4 4 5
Federal bonds 2 2 2 1 3 5 5 1 1 3
Other
8 3 4 6 7 7 6 4 5 5
Total investments
100 100 100 100 100 100 100 100 100 100
3
Based on CLHIA estimates of direct and indirect Canadian investments
2
