CLHIA-ACCAP

Life and Health Insurance in Saskatchewan 2014 Edition

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Investments of Life and Health Insurance Providers The savings of Canadians through life and health insurers are channelled into productive investments, and the earnings from these investments help keep down the cost of life and health insurance and guarantee future benefits for policyholders and beneficiaries. The accumulated savings, supporting long- term liabilities, also provide a source of stable capital for Canada's economic growth. Life and health insurance providers invest their assets in all regions of the country, wherever there are opportunities for capital investment. At the end of 2013, an estimated $16.5 billion of life and health insurers' investments were attributed to Saskatchewan, reflecting the excellent investment opportunities in the province. Of these investments, almost $15.2 billion came from the funds held on behalf of Canadian policyholders. The remainder, nearly $1.4 billion, was invested on behalf of foreign policyholders by companies of the United States registered to do business in Canada, as well as Canadian companies doing business outside Canada. The types of life and health insurers' investments in Saskatchewan and Canada at the end of 2013 were: Saskatchewan Canada $millions % $millions % Corporate securities* 6,815 41.2 204,634 35.3 Mutual funds* 5,538 33.5 144,073 24.8 Mortgages and real estate 1,417 8.6 82,231 14.2 Provincial bonds 1,330 8.1 71,038 12.3 Municipal bonds 81 0.5 18,215 3.1 Federal bonds* 716 4.3 27,407 4.7 Other* 627 3.8 32,651 5.6 Total 16,524 100% 580,249 100% *Part or all of these amounts has been attributed to Saskatchewan by appropriate formulas. The industry's investments often support longer-term capital investments, including infrastructure investments, which are critical to creating economic growth. The industry is one of the largest investors in a variety of key asset classes. The investments of life and health insurance providers in federal, provincial and municipal bonds help governments provide essential services such as schools, roads and sanitation systems.

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