2023 Canada Life annual results

Having achieved record sales of £4.3bn, our results from this past year mark an important step on our journey towards continued growth.

Message from our CEO

We’ve delivered a strong performance in 2023 despite challenging conditions, showing how our well-diversified business can weather ever-changing headwinds.

Our record-breaking sales of individual annuities have been driven by the attractive levels of income available, coupled with the demand from customers for secure income solutions.

Our bulk annuities business secured several deferred members transactions during the year, and we remain positive about its potential in a very active market. We also significantly increased our share of the UK offshore bond market, demonstrating our leadership in this space.

We thank our customers and advisers for placing their trust in us. Looking ahead, we continue to invest in modernising our systems, processes and introducing new digital technology that will further benefit customers and advisers.

- Lindsey Rix-Broom, CEO, Canada Life UK

Key highlights

annual results 2023 full year infographic

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Canada Life UK

We’re helping our more than 3.6 million retirement, investment and protection customers make more of life. We do this by building stronger, more secure and inclusive financial futures.

We’ve been operating in the UK since 1903, and today we’re part of Great-West Lifeco, a leading global insurance, wealth and asset management group.

Learn more about us