Life Insurance & Annuities in Canada - Market Size (2005–2031)

NAICS 52411aCA Last Updated: October 2025

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$116.7bn

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Life Insurance & Annuities in Canada Market Size in 2025
-0.8%

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 Life Insurance & Annuities in Canada Market Size Growth in 2025
1.3%

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 Life Insurance & Annuities in Canada Market Size CAGR 2020-2025

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 Life Insurance & Annuities in Canada Market Size CAGR 2025-2030

Curious about what drives these trends? IBISWorld's Life Insurance & Annuities in Canada Industry Report has got you covered.

Questions Clients Ask About This Industry

  • What was the market size of the Life Insurance & Annuities in Canada in 2024?

    The market size of the Life Insurance & Annuities in Canada was $117.6bn in 2024.

  • What was the growth rate of the Life Insurance & Annuities in Canada in 2024?

    The market size of the Life Insurance & Annuities in Canada increased 2.4% in 2024.

  • What was the market size of the Life Insurance & Annuities in Canada in 2025?

    The market size of the Life Insurance & Annuities in Canada is $116.7bn in 2025.

  • What is the growth rate of the Life Insurance & Annuities in Canada in 2025?

    The market size of the Life Insurance & Annuities in Canada decreased -0.8% in 2025.

  • Has the Life Insurance & Annuities in Canada grown or declined over the past 5 years?

    The market size of the Life Insurance & Annuities in Canada has grown at a 2.4% CAGR between 2019 and 2024.

  • Is the Life Insurance & Annuities in Canada expected to grow or decline over the next five years?

    See our full analysis of the Life Insurance & Annuities in Canada to understand if the industry market size is expected to grow or decline over the next five years.

  • Has the Life Insurance & Annuities in Canada grown or declined over the past 5 years?

    The market size of the Life Insurance & Annuities in Canada has grown at a 1.3% CAGR between 2020 and 2025.

  • Is the Life Insurance & Annuities in Canada expected to grow or decline over the next five years?

    See our full analysis of the Life Insurance & Annuities in Canada to understand if the industry market size is expected to grow or decline over the next five years.

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