2016 Provincial data
NL PE NS NB QC ON MB SK AB BC Canada*
Canadian marketplace
People with protection (thousands) 420 110 730 610 7,400 10,900 1,000 900 3,000 3,300 28,000
Weekly benefits paid ($millions) 20 5 46 36 360 746 57 43 179 192 1,692
People employed by industry 790 330 3,400 3,300 30,800 70,500 7,800 3,800 17,100 16,800 154,800
Number of active insurers
1
Life and health insurers 57 57 60 60 68 71 62 62 60 64 79
Not-for-profit health benefit providers 2 2 2 2 3 3 2 3 3 2 8
Fraternal benefit societies
5 6 7 7 11 12 10 9 11 10 12
Total insurers
64 65 69 69 82 86 74 74 74 76 99
Number of head offices - - - 4 16 65 4 3 5 2 99
Provincial tax contributions
2
($millions)
Taxes borne 50 9 51 38 911 1,032 60 57 239 187 2,640
Taxes collected
- - - - 806 1,478 48 - - - 2,332
Total tax contributions
50 9 51 38 1,717 2,510 108 57 239 187 4,972
1
Excludes 54 property and casualty insurers actively providing health coverage
2
Canada total excludes federal tax contributions. Please refer to the Total tax contribution section of Canadian Life and Health Insurance Facts, 2017 Edition
Canadian investments
3
Investments ($billions) 14 5 20 13 148 296 24 20 90 86
Long-term investments (%) 98 98 98 97 97 97 97 98 98 97
Investments by type (%)
Corporate securities 33 30 35 36 27 35 25 38 41 33
Mortgage & real estate 5 3 13 7 11 13 10 8 17 17
Mutual funds 31 45 25 29 26 24 30 36 30 26
Provincial bonds 17 14 17 16 22 12 20 9 2 11
Municipal bonds 4 3 4 5 4 4 4 4 4 5
Federal bonds 2 2 2 1 3 5 5 1 1 3
Other
8 3 4 6 7 7 6 4 5 5
Total investments
100 100 100 100 100 100 100 100 100 100
3
Based on CLHIA estimates of direct and indirect Canadian investments
2
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