Canada Life
Financial Performance
Canada Life Revenue & Financials
Revenue
~$25.2B (FY2024)
Market Cap
$44.4B
Net Income
~$2.7B
Employees
33,000
What is Canada Life's revenue?
Canada Life had ~$25.2B in revenue for fiscal year 2024, up 8.1% from 2023. Net income was ~$2.7B.
- Latest revenue
- ~$25.2B (FY2024)
- Year-over-year
- +8.1%
- Growth rate (CAGR)
- 2.1% over 9 years
- Peak revenue
- ~$25.8B (FY2021)
- Years of data
- 10
- Employees
- 33,000
- How much profit does Canada Life make?
- Canada Life reported net income of ~$2.7B for fiscal year 2024.
- How many employees does Canada Life have?
- Canada Life has about 33,000 employees.
Financial Analysis
Great-West Lifeco and Canada Life reported outstanding financial strength in fiscal year 2024, generating C$35.00 billion in consolidated revenue compared to C$32.38 billion in FY2023, representing an 8.08% year-over-year revenue expansion. Consolidated net income reached C$3.75 billion in FY2024, reflecting an impressive net profit margin of 10.71% (C$3.75B / C$35.00B). Enterprise net worth grew to C$28.00 billion, with total assets under administration (AUA) reaching approximately C$3.0 trillion. Over the 10-year period from 2015 to 2024, revenue expanded from C$28.94 billion to C$35.00 billion, driven by aggressive organic expansion and multi-billion-dollar programmatic acquisitions including Irish Life (€1.3B), MassMutual Retirement (US$3.35B), Prudential US Retirement (US$3.55B), and Investment Planning Counsel (C$575M). The organization maintains a fortress balance sheet, with Life Insurance Capital Adequacy Test (LICAT) regulatory ratios consistently exceeding OSFI supervisory targets.
Revenue Trend Analysis
YoY Change
+8.1%
9-Year CAGR
+2.1%
Peak Year
2021
Trend
Consistent Growth
Canada Life has 10 full fiscal year figures on this page, compounding at +2.1% annually over 9 years. The most recent year saw a 8.1% increase versus the prior year. Annual revenue peaked in fiscal year 2021 at ~$25.8B. Of 9 comparable year-over-year steps, 7 showed growth and 2 showed a decline.
Annual revenue history
| Fiscal Year | Revenue | Net Income | YoY Change |
|---|---|---|---|
| FY2024 | ~$25.2B | ~$2.7B | +8.1% |
| FY2023 | ~$23.3B | ~$2.4B | +8.6% |
| FY2022 | ~$21.5B | ~$2.3B | -16.6% |
| FY2021 | ~$25.8B | ~$2.3B | +2.7% |
| FY2020 | ~$25.1B | ~$2.1B | -0.9% |
| FY2019 | ~$25.3B | ~$1.7B | +6.6% |
| FY2018 | ~$23.7B | ~$2.1B | +4.1% |
| FY2017 | ~$22.8B | ~$1.9B | +4.7% |
| FY2016 | ~$21.8B | ~$1.9B | +4.4% |
| FY2015 | ~$20.8B | ~$2B | — |
Click any row to see year details.
Keep researching Canada Life
Canada Life Revenue and Financial FAQ
What was Great-West Lifeco / Canada Life's revenue in FY2024?
Consolidated enterprise revenue reached CAD $35.0 billion with base net earnings of CAD $3.75 billion in fiscal year 2024.
What is Great-West Lifeco's dividend payout track record?
Great-West Lifeco has paid consecutive dividends for decades, offering a dividend yield typically between 4.8% and 5.5% backed by Power Corporation of Canada.
Cite or embed this data
Using these figures? Please credit CorpDigest with a link.
CorpDigest. "Canada Life Revenue & Financials." CorpDigest, https://corpdigest.com/company/canada-life/financials.<div style="font-family:system-ui,sans-serif;font-size:14px;line-height:1.5;border:1px solid #e2e8f0;border-radius:8px;padding:12px 16px;max-width:520px"><strong>Canada Life reported ~$25.2B in revenue (FY2024).</strong><br>Source: <a href="https://corpdigest.com/company/canada-life/financials" target="_blank" rel="noopener">CorpDigest — Canada Life financials</a></div>Related Financial Audits
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