Investor Presentaiton
Capital & Risk Solutions (CRS)
Canada Life™
Reinsurance
Segment Overview
Provides capital and risk solutions to clients primarily located in the U.S.
and Europe through operations in the U.S., Ireland, Barbados and Bermuda
Includes both reinsurance and retrocession business transacted directly
with clients or through reinsurance brokers
Products include traditional and structured life, annuity / longevity,
mortgage and surety and property catastrophe reinsurance
Lifeco also uses internal reinsurance transactions between companies in
the Lifeco group to better manage insurance risks and to facilitate capital
management
Earnings and ROE 1,2 (C$m)
386
Net
401
Base
614
536
2019
2020
32%
33%
44%
39%
Return on Equity & Base Return on Equity
Recent Highlights
Reinsurance was separated from the Europe and Reinsurance segment in Q1 2020 to form the Capital and Risk Solutions (CRS) segment; the change
reflected the realignment of senior leadership responsibilities and was designed to improve transparency and disclosure around CRS' results and strategies
CRS completed three major long-term longevity reinsurance agreements in 2020 with $15B of in-force liabilities combined, covering 92k in-payment and
deferred pensioners, highlighting CRS' strength as a partner for reinsurance longevity transactions globally
1.
Base earnings, return on equity (ROE), and base return on equity are non-IFRS measures. Refer to the Company's Annual Reports and MD&A filings for
definitions and details and the appropriate reconciliations of these non-IFRS measures to measures prescribed by IFRS.
2.
In C$ millions
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