Facts and figures

Munich Re’s Life and Health business in Canada is written by a well-established, full-service branch within the Munich Re Group. All reinsurance arrangements are supported by the financial strength of the OSFI regulated branch and the BaFin regulated company. This ensures we can deliver our value proposition to our clients, shareholders, and staff for the long term.

Munich Re, Canada (Life)

Munich Re, Canada (Life) is a leading reinsurer in Canada, with a significant market position in all lines of Life and Health reinsurance. We service clients across Canada, as well as the Caribbean and surrounding regions, from offices in Toronto and Montreal.
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OSFI LIFE and LIMAT key figures

CAD 2021 2020 2019 2018 2017
Assets m 7,116 7,485 6,734 6,296 6,502
Investments in Marketable Securities m 7,511 7,897 7,154 6,954 6,878
Average Investment Quality (S&P) AA AA AA AA AA
Equity (Head Office A/C & AOCI) m 3,828 3,794 3,848 3,981 3,915
Equity / Liabilities % 117 102.8 133.4 172.0 151.3
LIMAT1 % 110 120 110 117 N/A
TAAM1 % N/A N/A N/A N/A 203
  1. Test of Adequacy of Assets and Margin (TAAM) was replaced by the Life Insurance Margin and Adequacy Test (LIMAT) by OSFI effective on January 1, 2018. Considering the significant changes between TAAM and LIMAT for capital measurement, the LIMAT ratios are not comparable to TAAM ratios.

LIMAT disclosures

In accordance with the Office of the Superintendent of Financial Institutions (OSFI), view our LIMAT Ratios for the previous years below. Branches are required, at minimum, to maintain a Total Ratio of 90%. OSFI has established a supervisory target level of 100% for Total margin. Definition of terms can be found in Guideline A at LICAT – Life Insurance Capital Adequacy Test.

Munich Re Group Worldwide operations

Our Canadian business is written by a well-established, full-service branch within the Munich Re Group and supported by the financial strength of the OSFI regulated branch and the BaFin regulated company. Figures are reported by Munich Re's Annual Report.
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Munich Re Group's ratings and solvency

Ratings | Outlook

Rating Agency 2021 2020 2019 2018 2017
A. M. Best A+ (Stable) A+ (Stable) A+ (Stable) A+ (Stable) A+ (Stable)
Fitch AA (Stable) AA (Stable) AA (Stable) AA (Stable) AA (Stable)
Moody’s Aa3 (Stable) Aa3 (Stable) Aa3 (Stable) Aa3 (Stable) Aa3 (Stable)
Standard & Poor’s AA- (Stable) AA- (Stable) AA- (Stable) AA- (Stable) AA- (Stable)

Key figures (IFRS)

Euro 2021 2020 2019 2018 2017
Gross Premium Written bn 59.6 54.9 51.5 49.1 49.1
Consolidated Result bn 2.9 1.2 2.7 2.3 0.4
Investments bn 240.3 233.0 228.8 216.9 217.6
Retun on Equity1 % 12.6 5.3 11.7 8.4 1.3
Equity bn 30.9 30.0 30.6 26.5 28.2
Market Capitalisation bn 36.5 34.0 38.0 28.5 28.0
  1. Previous years‘ figures adjusted owing to IAS 1

Annual report 2021

Learn more about the Munich Re Group in our annual report