Group Protection
Watch commentary from Dan Crook, Managing Director, Group Protection.
2025 Canada Life annual results
We delivered sales growth of 17%, taking total sales to £5.2bn, demonstrating our strategic momentum
Message from our CEO
2025 has been a year of significant strategic progress, underpinned by strong sales growth. Our success is founded on our well-established portfolio of businesses, reinforcing our position as a leading retirement, wealth and group protection provider.
We achieved record sales in Retirement and International Wealth, driving double-digit growth. We reinforced our position as an established provider in the UK BPA market, building on more than a decade of experience and on our delivery track record. In Group Protection, we continued to play a leading role in our market and enhanced the strength of our propositions.
Looking ahead, we enter 2026 well positioned to capitalise on the promising growth forecast in our markets. Our strategic investment in core capabilities, technology and product enhancements, and customer experience ensures we are well prepared to seize the opportunities ahead.
I’m excited to lead Canada Life UK through this next phase of progress – confident in the resilience of our business, the clarity of our strategy, the expertise of our teams, and our unwavering commitment to our customers. Together with our adviser and employer partners and the dedication and talent of our colleagues, we’re well placed to deliver on our growth strategy.
Hear from our managing directors
Retirement
Listen to what Peter Maddern, Managing Director, Retirement, has to say.
Bulk Purchase Annuities
Here what Shreyas Sridhar, Managing Director, Bulk Purchase Annuities, has to say.
Wealth
Listen to updates from Sean Christian, Managing Director, Wealth Division & Interim Chief Operating Officer.
Key highlights
- All customer numbers include Group Protection employees covered.
- Assets under management is a non-GAAP measure that provides an indicator of the size and volume of the Company's overall business. This figure is correct as at 31 December 2025 and includes Canada Life Asset Management Limited assets under management.
- Group life claims, monthly Group Income Protection payments and Group Critical Illness claims.
Disclaimer
Canada Life Limited, registered in England and Wales no. 973271. Registered office: Canada Life Place, Potters Bar, Hertfordshire EN6 5BA. Canada Life Limited is authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority. Canada Life Asset Management is the brand for investment management activities undertaken by Canada Life Asset Management Limited, Canada Life Limited and Canada Life European Real Estate Limited. Canada Life Asset Management Limited (no. 3846821), Canada Life Limited (no. 973271) and Canada Life European Real Estate Limited (no. 3846823) are all registered in England and the registered office for all three entities is Canada Life Place, Potters Bar, Hertfordshire EN6 5BA. Canada Life Asset Management Limited is authorised and regulated by the Financial Conduct Authority. Canada Life International Limited, registered in the Isle of Man no. 033178C and CLI Institutional Limited, registered in the Isle of Man no. 108017C. Registered office: Canada Life House, Isle of Man Business Park, Douglas, Isle of Man, IM2 2QJ. 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, registered in Ireland no. 440141. Registered office: Irish Life Centre, Lower Abbey Street, Dublin 1, Ireland. Canada Life International Assurance (Ireland) DAC is authorised and regulated by the Central Bank of Ireland. Category A Insurance Permit holder with the Jersey Financial Services Commission. Stonehaven UK Limited, trading as Canada Life, registered in England and Wales no. 05487702. Registered office: Canada Life Place, Potters Bar, Hertfordshire EN6 5BA. Stonehaven UK Limited is authorised and regulated by the Financial Conduct Authority. Canada Life Platform Limited, registered in England and Wales no. 8395855. Registered office: Canada Life Place, Potters Bar, Hertfordshire EN6 5BA. Canada Life Platform Limited is authorised and regulated by the Financial Conduct Authority. Canada Life and design are trademarks of The Canada Life Assurance Company