Strength and stability

The maintenance of financial strength and stability while growing and serving the changing needs of the marketplace has always been fundamental to our philosophy and management approach.

A major force in the insurance world

Being part of Great-West Lifeco makes us part of one of the largest life insurance organisations in the world (as measured by market capitalisation) with interests in the life insurance, health insurance, investment and retirement savings and reinsurance businesses.

Together with Great-West Lifeco’s other operating subsidiaries, we serve the financial security needs of customers across Canada, the United States, the United Kingdom, Isle of Man, the Republic of Ireland and Germany and have more than £951 billion in assets under administration as of 31 December 2019.

Current ratings

Ratings are a reflection of our financial strength. Great-West Lifeco and its subsidiaries have received strong ratings from the major ratings agencies. Canada Life in the UK is wholly owned by The Canada Life Assurance Company. Canada Life is a subsidiary of Great-West Lifeco Inc and a member of the Power Financial Corporation group of companies.

Please click here to view ratings for these companies.

AKG ratings

AKG is an independent organisation specialising in the provision of assessment, ratings, information and consultancy to the financial services industry

Each year, AKG representatives visit a number of investment companies. Several areas are assessed, each falling into one of two broad categories; ‘Financial Strength’ and ‘Supporting Ratings’. Each investment company receives a full report, containing detailed analysis of its long-term business operations, together with a comprehensive set of AKG Financial Strength Ratings with Supporting Ratings for the key areas of Image and strategy, Service and an Annual Review.

 

This website is for UK professional advisers only and is not approved for use by private customers.

Canada Life Limited is authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority.

Canada Life International Limited and CLI Institutional Limited are Isle of Man registered companies authorised and regulated by the Isle of Man Financial Services Authority.

Canada Life International Assurance (Ireland) DAC is authorised and regulated by the Central Bank of Ireland.

Stonehaven UK Limited and MGM Advantage Life Limited, trading as Canada Life, are subsidiaries of The Canada Life Group (U.K.) Limited. Stonehaven UK Ltd is authorised and regulated by the Financial Conduct Authority. MGM Advantage Life Limited is authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority.