Canada’s life and health insurers provided $157 billion in life, health and retirement benefits in 2025, up 10 per cent from the previous year, according to the Canadian Life and Health Insurance Association’s annual factbook.

It found insurers provided more than $430 million in benefits each day, supporting nearly 30 million Canadians. Total benefits paid have increased 86 per cent over the past decade.

Read: Canadian insurers paid out record $143.3BN in health, retirement benefits in 2024: CLHIA

In 2025, health insurers........

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