Canadian Life & Health Insurance Facts // 2025 Edition 19
Retirement Solutions
L I N E S O F B U S I N E S S
Growing assets to support retirees
Over the last decade, accumulation annuities* have driven growth in retirement assets held
by insurers - up an average of six per cent annually since 2014.
* Accumulation annuities are a flexible and secure investment vehicle for pension plans, RRSPs, TFSAs and non-registered funds during
the savings stage.
** See "How Insurers Invest."
2014
50%
29%
7%
14%
51%
8%
28%
13%
2016
55%
24%
13%
8%
2018
57%
22%
12%
9%
2020
9%
58%
22%
11%
2022
59%
10%
21%
10%
2024
$
700B
$
600B
$
500B
$
400B
$
300B
$
200B
$
100B
Individual payout
Group payout
Individual accumulation
Group accumulation
81%
of assets are in the
accumulation stage
– up from 79% a
decade ago
84%
of assets are invested
in segregated funds**
– up from 78% a
decade ago
