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Canadian Life & Health Insurance Facts // 2025 Edition 25 How Insurers Invest I N D U S T R Y I N D E T A I L Insurers' investments help cover future claims and contribute to Canada's economic growth Segregated funds have grown at an annual average rate of 6.6 per cent. Their share of total industry assets has increased from 38 per cent to 43 per cent over the past decade. General funds have grown at 4.2 per cent annually over the past decade. General fund investments include amounts for policyholder benefits (expected future contractual claims), and other liabilities. Canada's life and health insurers remain a pillar of financial strength and stability In 2024, Canadian life and health insurers' total capital ratio* was 137 per cent**, significantly exceeding the regulatory supervisory target of 100 per cent. With capital levels well in excess of the high standards set by regulators, Canadians can rely on life and health insurers to safeguard policyholders, clients, and creditors. This financial strength is a key reason why Canadians can rely on their insurers in times of need. * Measured as total capital resources (available capital, surplus allowance and eligible deposits) as a per cent of regulatory capital required to cover risks. ** 137 per cent is for federally regulated life and health (re)insurers excluding fraternal benefit societies and life & health (re)insurers who operate in Canada on a branch basis. 137% total capital ratio Bonds Other Mutual funds Mortgage loans Real estate Cash & other investments Stock $ 350B $ 400B $ 300B $ 200B $ 150B $ 100B $ 50B $ 250B $ 30B $ 45B $ 405B $ 3B $ 2B $ 50B $ 11B $ 17B $ 148B $ 71B $ 3B $ 345B $ 62B Segregated fund General fund

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