Canada Life UK reports group growth and completes individual protection sale

Recorded 4% sales growth

Cameron Roberts
clock • 2 min read

Financial services provider, Canada Life UK, has released its 2025 full year results, detailing growth in its group protection sales.

The provider paid out £541 million to more than 7,000 families over the 12 months. It said that protection sales grew by 4% year-on-year. The group protection figures came as part of Canada Life's overall results, which saw its assets under management end the year at more than £39 billion. It also saw its total sales growth up 17% year-on-year, up to £5.2bn, driven by international wealth and retirement business, according to Canada Life UK. Emma Watkins, CEO, Canada Life UK, said: "2025 has been a year of significant strategic progress, underpinned by strong sales growth. "Our ...

To continue reading this article...

Join COVER for free

  • Unlimited access to real-time news, key trend analysis and industry insights.
  • Stay on top of the latest developments around health and wellbeing, diversity and inclusion and the cost of living crisis.
  • Receive breaking news stories straight to your inbox in the daily newsletter.
  • Members only access to monthly programme 'The COVER Review'
  • Be the first to hear about our CPD accredited events and awards programmes.

Join now

 

Already a Cover member?

Login

More on Group Protection

L&G publishes cancer services usage findings

L&G publishes cancer services usage findings

35% of cancer users never received active treatment

Jaskeet Briah
clock 06 March 2026 • 2 min read
Spring Statement 26: A 'missed opportunity' for group protection

Spring Statement 26: A 'missed opportunity' for group protection

'We urgently need effective VR'

Jaskeet Briah
clock 04 March 2026 • 6 min read
73% of employees trust AI use in healthcare journeys

73% of employees trust AI use in healthcare journeys

Howden Employee Benefits research

Jaskeet Briah
clock 02 March 2026 • 2 min read