Fitch Publishes Canadian Lifecos Dashboard: Year-End 2014 Results

CHICAGO--()--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

http://www.fitchratings.com/creditdesk/reports/report_frame.cfm?rpt_id=862225

Insurance Rating Methodology

http://www.fitchratings.com/creditdesk/reports/report_frame.cfm?rpt_id=756650

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Contacts

Fitch Ratings
Tana M. Higman, +1-312-368-3122
Director
Fitch Ratings, Inc.
70 West Madison St.
Chicago, IL 60602
or
Dafina M. Dunmore, CFA, +1-312-368-3136
Director
or
Media Relations
Alyssa Castelli, New York, +1-212-908-0540
alyssa.castelli@fitchratings.com
Elizabeth Fogerty, New York, +1-212-908-0526
elizabeth.fogerty@fitchratings.com

Contacts

Fitch Ratings
Tana M. Higman, +1-312-368-3122
Director
Fitch Ratings, Inc.
70 West Madison St.
Chicago, IL 60602
or
Dafina M. Dunmore, CFA, +1-312-368-3136
Director
or
Media Relations
Alyssa Castelli, New York, +1-212-908-0540
alyssa.castelli@fitchratings.com
Elizabeth Fogerty, New York, +1-212-908-0526
elizabeth.fogerty@fitchratings.com