Canada Life saw group protection sales rise 4 per cent in 2025, as it continued to grow across its core business lines.
According to its report, Canada Life paid £541m in claims to over 7,000 families.
The provider also extended its WeCare health and wellbeing service to all 2.8 million customers covered by a group protection policy.
Meanwhile, its Bulk Purchase Annuities (BPA) business completed £800m of deals in the fourth quarter of 2025, with individual transaction sizes ranging from £40m to £330m. The firm also onboarded its first schemes with deferred members, marking a key milestone in post-transaction capability.
Elsewhere, the company reported total assets under management of more than £39bn.
In its retirement and wealth businesses, individual annuities sales grew by 17 per cent year-on-year, while international wealth sales rose by 42 per cent.
Canada Life UK chief executive Emma Watkins says: “2025 has been a year of significant strategic progress, underpinned by strong sales growth. Our success is founded on our well-established portfolio of businesses, with record sales in Retirement and International Wealth driving double-digit growth and reinforcing our position as a leading retirement, wealth and group protection provider.
“Our strategic investment in core capabilities, technology and product enhancements, and customer experience ensures we are exceptionally well positioned to seize the growth opportunities ahead. I am excited to lead Canada Life UK through this next phase of progress – confident in the strength of our business, the clarity of our strategy, the expertise of our teams, and our unwavering commitment to our customers.”