Table 23-1
Insurance carriers and related activities — Balance sheet and income statement

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Insurance carriers and related activities — Balance sheet and income statement
Table summary
This table displays the balance sheet and income statement data. The row headers provide information on the type of accounts in the balance sheet and income statement. The column headers provide a quarterly breakdown for the five quarters covered in this tabulation. The values are reported in millions of dollars.
  Third quarter 2012 Fourth quarter 2012 First quarter 2013 Second quarter 2013 Third quarter 2013
  millions of dollars
Balance sheet  
Total assets 761,988 A 769,375 A 784,202 A 790,145 A 797,955 A
Cash and deposits 11,172 10,364 8,492 9,691 9,323
Accounts receivable and accrued revenue 28,152 26,993 29,574 30,785 31,057
Inventories 0 0 0 0 0
Investments and accounts with affiliates 93,409 95,825 97,167 102,284 103,736
Portfolio investments 297,600 300,777 303,059 298,853 300,288
Loans 46,882 46,583 46,163 46,206 46,654
Mortgage 39,114 38,856 38,431 38,465 38,894
Non-mortgage 7,768 7,726 7,732 7,741 7,760
Allowance for losses on investments and loans -53 -71 -66 -62 -60
Bank customers' liabilities under acceptances 0 0 0 0 0
Capital assets, net 14,949 14,934 15,024 15,179 15,356
Other assets 269,876 273,971 284,790 287,210 291,600
Total liabilities 621,309 625,051 638,768 641,126 646,969
Deposits 8,640 8,615 8,626 8,651 8,719
Actuarial liabilities of insurers 265,166 266,045 268,311 262,288 261,096
Accounts payable and accrued liabilities 78,821 78,348 79,808 81,932 82,896
Loans and accounts with affiliates 18,781 18,654 18,083 18,272 18,882
Borrowings 14,051 14,127 15,141 15,953 16,262
Loans and other borrowings 6,822 6,441 6,701 7,575 7,709
Bankers' acceptances and paper 6 6 6 6 7
Bonds and debentures 6,624 7,007 7,721 7,674 7,742
Mortgages 599 673 713 698 805
Future income tax -487 -993 -1,581 -1,731 -1,666
Bank customers' liabilities under acceptances 0 0 0 0 0
Other liabilities 236,337 240,255 250,380 255,759 260,780
Total, equity 140,680 144,324 145,434 149,019 150,985
Share capital 61,774 62,786 63,195 65,460 65,738
Unitholders' equity 0 0 0 0 0
Liability to policyholders 0 0 0 0 0
Contributed surplus and other 6,186 6,976 7,194 7,231 7,073
Accumulated other comprehensive income 1,622 2,410 950 415 327
Retained earnings 71,098 72,152 74,094 75,914 77,847
Income statement  
Operating revenue 29,632 A 28,844 A 27,806 A 24,401 A 27,166 A
Sales of goods and services 1,370 1,400 1,304 1,401 1,322
Insurers' premiums 18,402 18,618 18,383 18,619 18,785
Annuity considerations 1,434 1,803 1,540 1,616 1,535
Interest revenue, operating 3,881 3,235 3,327 2,841 2,956
Dividend revenue, operating 477 584 666 404 443
Gains or losses on sale of securities and other assets 382 1,030 239 -20 -46
Other operating revenue 3,685 2,173 2,346 -459 2,171
Operating expenses 27,794 24,150 24,390 17,845 22,220
Depreciation, depletion and amortization 303 327 191 209 156
Insurance claims incurred 11,706 11,735 11,820 11,933 12,634
Annuity claims incurred 2,021 2,033 2,188 1,939 1,958
Normal increase in actuarial liabilities 4,527 498 337 -6,170 -1,891
Interest expense, operating 51 48 46 48 47
Other operating expenses 9,186 9,508 9,808 9,886 9,317
Operating profit or loss 1,837 4,694 3,416 6,556 4,946
Interest and dividend revenue 0 0 0 0 0
Interest expense on borrowing 314 495 312 236 242
Gains or losses 831 -685 -322 -3,378 -445
Profit before income tax 2,350 3,510 2,779 2,939 4,256
Income tax 409 534 460 475 754
Equity in affiliates' earnings 1,027 181 651 378 416
Profit before extraordinary gains 2,968 3,157 2,970 2,842 3,918
Extraordinary gains or losses 0 0 0 0 0
Net profit 2,968 3,157 2,970 2,842 3,918
Other comprehensive income 116 12 716 -1,061 -220
Comprehensive income 3,084 3,169 3,686 1,781 3,699
Note(s):
-  A common (generic) financial statement presentation format is used for all industries and for aggregate totals. As a result, some financial series that do not apply to certain industries will be shown with zero values.
-  Figures may not add due to rounding.
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