Issue link: http://clhia.uberflip.com/i/396010
Life and Health Insurance in NEWFOUNDLAND AND LABRADOR "Facts and Figures", 2014 Edition presents authoritative, factual information about life and health insurance in Newfoundland and Labrador. For the first time, industry figures in this 2014 Edition include the business of fraternal benefit societies, provincial Blue Cross organizations and other not-for- profit health care benefit providers, in addition to insurance companies (life and property and casualty). Summary Newfoundland and Labrador Canada ($millions) ($millions) Life Insurance Ownership (Life insurance coverage – End of 2013) Individual 22,507 2,370,425 Group 28,989 1,689,450 Total 51,496 4,059,875 Life Insurance Purchases (Life insurance coverage – During 2013) Individual 1,931 222,129 Group 1,349 119,305 Total 3,280 341,434 Premium Income Life insurance Individual 156 13,028 Group 126 4,215 Annuities Individual 109 12,730 Group 506 24,617 Health benefit plans Individual 59 3,685 Group (Insured) 420 20,284 Group (Uninsured*) 112 13,675 Total 1,488 92,234 Policy Payments Life insurance 119 7,838 Annuities 360 35,314 Health benefits Insured plans 330 16,955 Uninsured contracts* 106 12,971 Dividends to policyholders 45 3,096 Total 960 76,174 Investments of Life and Health Insurance Providers (End of 2013) 12,720 580,249 Health Insurance Coverage (Insured plans only) (Persons covered at end of 2013) (000) (000) Disability income 149 10,953 Extended health care 460 25,999 Dental care 210 15,351 *Includes uninsured employer sponsored contracts that are administered by life insurance companies and not-for-profit health care benefit providers such as provincial Blue Cross organizations