CHICAGO--(BUSINESS WIRE)--Fitch Ratings has published a dashboard report summarizing IFRS results for Canadian life insurance companies (lifecos).
In this report, Fitch analyzes key drivers for 2014 operating results for the three largest publicly traded Canadian lifecos in Fitch's debt rating universe. During 2014, operating income and reported net income increased by 11% and 24%, respectively. Operating subsidiary capitalization remains strong for the three major Canadian lifecos on both an absolute and risk-adjusted basis and at the same time financial leverage has been trending down. In addition to paying down debt, Canadian lifecos have also deployed excess capital in recent years on M&A transactions to augment existing businesses.
The full report 'Canadian Lifecos Dashboard' dated Feb. 19, 2015, is available at 'www.fitchratings.com' under 'Insurance' and 'Special Reports'.
Additional information is available at 'www.fitchratings.com'.
Applicable Criteria and Related Research:
--'Insurance Rating Methodology' (September 2014).
Applicable Criteria and Related Research: Canadian Lifecos Dashboard
Insurance Rating Methodology