Top 10 Largest Insurance Companies in Canada

This list compiles the ten best insurance companies in Canada. The ranking is determined based on each company's respective total assets.
The Top Ten
1 Manulife Financial Manulife Financial is a Canadian multinational insurance and financial services company. Founded in 1887, Manulife is headquartered in Toronto, Canada. The company offers a range of financial products including life insurance, pensions, and asset management services. Manulife serves customers in various countries and focuses on creating financial solutions that help people make better decisions for their future. Visit Website
2 Power Financial Power Financial is a Canadian diversified international management and holding company. Established in 1984, the company is headquartered in Montreal, Quebec. Power Financial holds interests in various sectors including financial services, insurance, and renewable energy. The company aims to create long-term value for its shareholders and stakeholders by investing in businesses that have the potential for high returns. Visit Website
3 Sun Life Financial Sun Life Financial is a Canadian financial services company that specializes in insurance, wealth management, and employee benefits. Founded in 1865, Sun Life is headquartered in Toronto, Ontario. The company operates in several countries, including the United States, the United Kingdom, and various parts of Asia. Sun Life Financial focuses on providing comprehensive financial solutions to individuals and corporate clients, aiming to help them achieve lifetime financial security. Visit Website
4 Industrial Alliance Insurance Industrial Alliance Insurance is a Canadian insurance and investment management company headquartered in Quebec City, Quebec. Established in 1892, the company provides a variety of financial products including life insurance, health insurance, and retirement plans. Industrial Alliance serves individuals, families, and businesses and focuses on creating customized financial solutions. The company aims to help its clients protect their financial well-being and meet their long-term goals.
5 Desjardins Desjardins is a cooperative financial group based in Levis, Quebec, Canada. Founded in 1900, Desjardins is one of the largest federations of credit unions in North America. The organization offers a wide range of services, including banking, insurance, and investment products. Desjardins focuses on promoting cooperative values and aims to contribute to the economic and social well-being of its members and communities.
6 Intact Financial Intact Financial is a Canadian insurance company that specializes in property and casualty insurance. Founded in 1809 and headquartered in Toronto, the company offers a range of insurance products including auto, home, and business insurance. Intact Financial serves millions of customers and focuses on delivering superior customer service and innovative insurance solutions. The company aims to help people and businesses get back on track when unexpected events occur.
7 E-L Financial Corp E-L Financial Corp is a Canadian investment and insurance holding company. Established in 1968, the company is based in Toronto, Ontario. E-L Financial holds diverse investments in sectors like insurance, financial services, and real estate. The company focuses on long-term investments and asset management, aiming to generate sustainable returns for its shareholders.
8 RBC Insurance RBC Insurance is the insurance division of Royal Bank of Canada, offering a wide range of insurance products. Founded in 1996 and headquartered in Mississauga, Ontario, RBC Insurance provides services like life insurance, health insurance, and travel insurance. The company serves both individual customers and businesses, focusing on delivering comprehensive and tailored insurance solutions. RBC Insurance aims to protect the financial well-being of its clients through risk management and financial planning.
9 TD Insurance TD Insurance is the insurance arm of the Toronto-Dominion Bank Group, one of Canada's largest financial services organizations. Based in Toronto, the company was founded in 2000 and offers various insurance products, including auto, home, and life insurance. TD Insurance focuses on providing simple, easy-to-understand insurance solutions that meet the needs of its diverse customer base. The company aims to deliver trustworthy and reliable services to help clients feel more secure.
10 The Co-operators Group The Co-operators Group is a Canadian insurance cooperative headquartered in Guelph, Ontario. Founded in 1945, the company provides a broad range of insurance products including life, home, and auto insurance. The Co-operators Group is owned by 44 member organizations and operates with a focus on sustainability and community involvement. The company aims to offer insurance and financial services that contribute to the financial security and well-being of Canadians.