Equitable Life of Canada ends 2020 in a position of financial strength
Share this article Share this article WATERLOO, ON, Feb. 12, 2021 /CNW/ - Equitable Life of Canada is pleased to report that our strategic approach continued to serve us well in 2020, despite operating in a global pandemic. Equitable Life, one of Canada's largest mutual life insurance companies, closed out 2020 with strong earnings and solid growth. The Company reported earnings of $153 million, equating to a return on policyholders' equity of 16%. This result was driven by strong sales, investment performance, positive impacts from favourable expense ratios and reserve assumption changes. ...
Source: newswire.ca