Issue link: http://clhia.uberflip.com/i/396037
Life and Health Insurance in ONTARIO "Facts and Figures", 2014 Edition presents authoritative, factual information about life and health insurance in Ontario. 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 Ontario Canada ($millions) ($millions) Life Insurance Ownership (Life insurance coverage – End of 2013) Individual 947,985 2,370,425 Group 649,284 1,689,450 Total 1,597,269 4,059,875 Life Insurance Purchases (Life insurance coverage – During 2013) Individual 86,066 222,129 Group 48,698 119,305 Total 134,764 341,434 Premium Income Life insurance Individual 6,073 13,028 Group 2,306 4,215 Annuities Individual 5,191 12,730 Group 12,059 24,617 Health benefit plans Individual 1,384 3,685 Group (Insured) 8,602 20,284 Group (Uninsured*) 6,695 13,675 Total 42,310 92,234 Policy Payments Life insurance 4,181 7,838 Annuities 17,041 35,314 Health benefits Insured plans 7,074 16,955 Uninsured contracts* 6,337 12,971 Dividends to policyholders 1,572 3,096 Total 36,205 76,174 Investments of Life and Health Insurance Providers (End of 2013) 240,272 580,249 Health Insurance Coverage (Insured plans only) (Persons covered at end of 2013) (000) (000) Disability income 4,438 10,953 Extended health care 11,779 25,999 Dental care 7,385 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