Leading insurance companies in Canada 2018, by total assets

Manulife Financial was the largest Canadian insurance company in 2018, with total assets amounting to approximately 750.27 billion Canadian dollars. The second and third largest insurers in that year in Canada were Power Corporation of Canada and Power Financial respectively.

Who are Manulife Financial?

Manulife Financial was founded in 1887 and is headquartered in Toronto, Ontario. It was one of the largest insurance companies worldwide in 2017. Manulife Financial offers insurance and wealth management services, and operates primarily in North America and Asia. Their assets have been steadily increasing since 2014.

U.S. operations

Manulife Financial merged with John Hancock in 2004 and operates through the John Hancock name in the United States. Its U.S. division was one of the largest insurance companies by total assets in 2018 in the United States. The dividends per common share of the company has been on the rise since 2014.

Leading insurance companies in Canada in 2018, by total assets

Total assets in billion Canadian dollars
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Release date

May 2019



Survey time period


Supplementary notes

*The figure for Fairfax Financial was expressed in U.S. dollars in the annual report and was converted to Canadian dollars on May 2, 2019.

The data is taken from the following sources:
Power Corporation of Canada
Power Financial
Sun Life Financial
Great West Life Assurance Company
Fairfax Financial
Industrial Alliance Insurance
Intact Financial
E-L Financial Corp

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