Our financial strength can drive positive societal outcomes.
2023 Financial position summary
Total assets $19.1 billion
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Total liabilities $14.2 billion
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Total equity $4.9 billion
2023 Income statement overview
Total revenue $6,649.8 million
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Total expenses $6,401.1 million
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Net income $248.7 million
We put our capital to work for Canadians
Core to our ability to deliver on our purpose is ensuring that we have the capital necessary to fulfil our promise to Canadians as an insurer, an investor and as a co‑operative.
“A strong capital position enables us to champion a more sustainable, resilient society, and prove that investments can generate compelling returns alongside social and environmental benefits. In this way, our capital strength has a direct link into the strength of our communities.”
Co-operators General Insurance Company Consolidated Minimum Capital Test (MCT)
236%
The Office of the Superintendent of Financial Institutions Supervisory MCT Target: 150%
Co-operators Life Insurance Company Consolidated Life Insurance Capital Adequacy Test (LICAT)
158%
The Office of the Superintendent of Financial Institutions Supervisory LICAT Target: 100%