CANADA LIFE LIMITED
Operating as the UK arm of its Toronto-listed parent Great-West Lifeco, the company provides life insurance, wealth management, and retirement solutions to individuals and corporate clients.
Get an alert when CANADA LIFE LIMITED files next
Leroy will email you the moment a new filing lands at Companies House — one short note per filing, nothing else.
Cash
—
Latest balance sheet
Net assets
£2.1B
-11.7% lowest in 3 filed years
Employees
—
Average over period
Profit before tax
£321M
-39.9% vs 2024
Net assets
3-year trend · vs Financials median
Accounts
3-year trend · Δ = latest vs prior filed period · latest reflected 2025-12-31
| Metric | Trend | 2023-12-31 | 2024-12-31 | 2025-12-31 | Δ vs prior |
|---|---|---|---|---|---|
| Gross written premiums | £2,520,800,000 | £2,794,500,000 | £2,609,300,000 | -6.6% | |
| Net earned premiums | £3,467,800,000 | £2,288,000,000 | £684,500,000 | -70.1% | |
| Claims incurred | £1,971,600,000 | £1,385,100,000 | £1,638,000,000 | +18.3% | |
| Investment return | £1,296,500,000 | £286,300,000 | £1,283,000,000 | +348.1% | |
| Profit before tax | £264,200,000 | £533,600,000 | £320,800,000 | -39.9% | |
| Net profit | £339,800,000 | £453,700,000 | £272,900,000 | -39.9% | |
| Insurance contract liabilities | £20,711,400,000 | £18,511,700,000 | £19,616,700,000 | +6% | |
| Total assets | £26,690,700,000 | £26,380,800,000 | £28,110,300,000 | +6.6% | |
| Total liabilities | £24,245,700,000 | £24,027,100,000 | £26,031,700,000 | +8.3% | |
| Equity | £2,445,000,000 | £2,353,700,000 | £2,078,600,000 | -11.7% | |
| Average employees | 0 | 0 | — | — |
Values shown as filed in the company's annual accounts. — indicates the figure wasn't present under that line item in that period. The Δ column is the change from the prior filed period as a percentage of |prior|; lines a company doesn't report show —. About these numbers
Ratios
Computed from the line items above — sparklines read oldest → newest
| Ratio | Trend | 2023-12-31 | 2024-12-31 | 2025-12-31 |
|---|---|---|---|---|
| Gearing (liabilities / total assets) | 90.8% | 91.1% | 92.6% |
Gearing is liabilities over total assets. Current ratio is current assets over creditors falling due within one year. Interest cover is operating profit over absolute finance costs. Sector-distribution context coming next.
Name history
Renamed 3 times since incorporation
- CANADA LIFE LIMITED 1999-11-05 → present
- THE CANADA LIFE ASSURANCE COMPANY OF GREAT BRITAIN LIMITED 1997-01-01 → 1999-11-05
- THE CANADA LIFE ASSURANCE COMPANY (U.K.) LIMITED 1995-05-18 → 1997-01-01
- MANUFACTURERS LIFE INSURANCE COMPANY (U.K.) LIMITED(THE) 1970-02-25 → 1995-05-18
Audit & accounting basis
- Accounting basis
- FRS 102
- Reporting scope
- Standalone (parent only)
- Auditor
- Forvis Mazars LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“The directors confirm that having taken into account the Company's financial position and its expected performance in the future, they are satisfied that the Company has adequate resources to continue in operation for the foreseeable future, being 12 months from the date of approval of this report. For this reason, they continue to adopt the going concern basis in preparing the annual report and financial statements.”
Group structure
- CANADA LIFE LIMITED · parent
- Irish Life Group Limited 100%
- Canada Life (U.K.) Limited 100%
- Canada Life Fund Managers (U.K.) Limited 100%
- Canada Life Group Services (U.K.) Limited 100%
- Canada Life Irish Operations Limited 100%
- Canada Life Home Finance Trustee Limited 100%
- Synergy Sunrise (Wellington Row) Limited 100%
- GD (2,3 & 4) Basement Company Limited 100%
- Irish Life Associate Holdings Unlimited 100%
- Irish Life Assurance Public Limited Company 100%
- Irish Life Financial Services Limited 100%
- Irish Life Ark Dublin dac 100%
- Irish Life Group Services Limited 100%
- Irish Life Health Designated Activity Company 100%
- Irish Life Wellbeing Limited 100%
- ILHAWK Limited 100%
- Stephen Court Limited 100%
- Ilona Financial Group Inc. 100%
- Radial Park Management Limited 76%
- City Gate Park Administration Company Limited 67%
- Dakline Company Limited by Guarantee 50%
- Earlsfort Centre (Atrium) Limited 50%
- Multiply AI Limited (share holding sold on 3rd March 2026) 37%
Significant events
- “In December 2024, the Company announced the signing of an agreement to transfer its onshore bond business to Countrywide. Completion of the transfer is subject to court approval and regulatory approval from the PRA, which the Company is currently awaiting.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
10 active · 67 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| GAMMON, Alison Jane | Secretary | 2024-02-28 | — | — |
| ABERCROMBY, Keith William | Director | 2017-09-13 | Mar 1964 | British |
| CRONIN, Sylvia Margaret | Director | 2019-11-13 | Oct 1962 | Irish |
| HARNEY, David | Director | 2020-08-18 | Mar 1969 | Irish |
| LAWRENCE, Jason Paul | Director | 2025-01-07 | Oct 1976 | Canadian |
| MCARTHUR, Susan Jane | Director | 2017-09-13 | Feb 1963 | Canadian |
| PARSONS, Andrew Mark | Director | 2024-11-20 | Jan 1965 | British |
| RIX-BROOM, Lindsey Claire | Director | 2022-04-04 | May 1980 | British |
| WATKINS, Emma Jayne | Director | 2025-10-03 | Jul 1973 | British |
| WATSON, Andrew Stuart | Director | 2020-07-01 | Dec 1962 | British |
Show 67 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| BRENNAN, Ann Paula | Secretary | 1996-10-02 | 2000-03-30 |
| CRANSTON, Kareen | Secretary | 2007-09-11 | 2008-08-31 |
| GARVIN, Amy Victoria Gwynne | Secretary | 2009-05-19 | 2012-10-05 |
| GEIRINGER, Bruno Marcel David | Secretary | 2001-10-17 | 2003-04-04 |
| JENKINS, Evan Thomas | Secretary | 1995-03-10 | 1996-10-02 |
| LABRUM, Phillip Joseph | Secretary | — | 1993-05-07 |
| MUIR, Christopher William | Secretary | 2003-04-04 | 2007-02-21 |
| ODUYEMI, Olutoyin | Secretary | 2023-10-14 | 2024-02-28 |
| RICHARDSON, Vanessa Eugenia | Secretary | 2000-03-31 | 2001-10-17 |
| RODRIGUEZ, Lisa Annette | Secretary | 2018-02-21 | 2023-10-14 |
| SHAH, Shachi | Secretary | 1993-11-26 | 1995-03-10 |
| SULLIVAN, Michael William | Secretary | 1993-05-10 | 1993-11-26 |
| TEMPLE, John Nicholas | Secretary | 2008-11-19 | 2009-05-19 |
| TEMPLE, John Nicholas | Secretary | 2007-02-21 | 2007-09-11 |
| TRICKETT, Jeremy William | Secretary | 2017-02-22 | 2018-02-21 |
| WOLFFE, Alain Nathaniel | Secretary | 2014-11-21 | 2017-02-22 |
| ACTON, William Lawrence | Director | 2008-07-02 | 2011-09-14 |
| BAIN, George Sayers, Professor Sir | Director | 2009-05-19 | 2014-05-22 |
| BENNETT, Conleth Samuel | Director | 2000-02-21 | 2003-09-04 |
| BOWLES, Richard Douglas | Director | — | 1993-06-07 |
| BRIGHT, Stephen Michael | Director | 2000-02-21 | 2001-07-13 |
| BROWN, Douglas Allan | Director | 2014-05-22 | 2020-12-18 |
| CAMPBELL, Marcia Dominic | Director | 2016-05-20 | 2025-05-21 |
| CAMPBELL, Marcia Dominic | Director | 2016-01-12 | 2016-01-12 |
| COLLETT, Martin Roger | Director | 1995-03-10 | 1997-02-28 |
| COOK, Robert Allen | Director | 1994-05-18 | 1995-03-10 |
| CORCORAN, Thomas Frederic | Director | 2002-09-20 | 2004-08-01 |
| CROOK, Richard James | Director | 1994-07-22 | 1995-03-10 |
| DICKSON, Olivia Catherine | Director | 2011-02-28 | 2017-05-17 |
| DIX, Roger Charles | Director | 1995-03-10 | 1996-09-27 |
| FITZHENRY, Steven James | Director | 2004-09-01 | 2006-08-01 |
| GEIRINGER, Bruno Marcel David | Director | 1998-06-26 | 2003-04-04 |
| GILMOUR, Ian | Director | 1997-06-16 | 2014-05-22 |
| GOODALE, Mark | Director | 1994-05-18 | 1995-03-10 |
| GREGORY, John Kenneth | Director | — | 1995-03-10 |
| HEPHER, Michael Leslie | Director | 2009-05-19 | 2016-05-27 |
| JAMAL, Arshil | Director | 2014-08-12 | 2020-02-26 |
| JOHNSTON, James David | Director | 2004-08-01 | 2006-01-13 |
| KLAASSEN, Nicolas | Director | 2000-02-21 | 2001-10-19 |
| LONEY, David Allen | Director | 2011-09-14 | 2017-05-31 |
| MAHON, Paul Anthony | Director | 2017-07-13 | 2025-07-01 |
| MCFEETORS, Raymond Lindsay | Director | 2009-05-19 | 2014-10-31 |
| MCINTYRE, Mary-Anne Bridget | Director | 2017-07-13 | 2020-05-20 |
| MCLEOD, Charles | Director | 1997-06-10 | 1998-06-26 |
| MCMULLAN, Ian Stuart | Director | 2006-01-03 | 2009-05-19 |
| MILLS, Rye Douglas | Director | 1995-03-10 | 1997-06-16 |
| MOUNSEY, Joseph Backhouse | Director | — | 1994-07-22 |
| NETHERTON, Derek Nigel Donald | Director | 2011-10-26 | 2022-08-31 |
| NIELD, David Alexander | Director | 2009-05-19 | 2015-02-25 |
| O'NEILL, John Michael | Director | 2000-02-21 | 2008-09-30 |
| OCCLESHAW, John Eric | Director | 2006-07-01 | 2009-05-19 |
| RENNIE, James Lamont | Director | 1997-06-10 | 1998-03-31 |
| RICHARDS, William Jeffrey | Director | 1995-03-10 | 2009-01-02 |
| RITCHIE, Robert John | Director | 2008-07-02 | 2009-05-19 |
| RYAN, JR, Thomas Timothy | Director | 2015-03-20 | 2017-09-13 |
| SAUNDERS, Angie | Director | 1994-05-01 | 1995-03-10 |
| SHAH, Hitesh Mulji | Director | 2000-06-07 | 2002-09-20 |
| SIMONS, Frederick Allan | Director | — | 1995-03-10 |
| SNOW, Harold Charles | Director | 2002-09-20 | 2009-05-19 |
| STEVENS, Neil David | Director | 2000-02-21 | 2001-08-03 |
| SULLIVAN, Michael William | Director | — | 1991-06-20 |
| TAYLOR, Sandy | Director | 1994-05-18 | 1995-03-10 |
| THOMAS, Simon George | Director | 2002-04-25 | 2006-06-30 |
| TSU, Stephen Chee-Man | Director | 2000-02-21 | 2003-12-31 |
| VANASELJA, Siim Alden | Director | 2015-10-21 | 2026-02-26 |
| WHITAKER, Paul David | Director | 2000-02-21 | 2003-09-30 |
| WOLFFE, Alain Nathaniel | Director | 2000-08-01 | 2009-05-19 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| The Canada Life Group (U.K.) Limited | Corporate entity | Shares 75–100% | 2016-04-06 | Active |
Filing timeline
Last 20 of 323 total filings
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-05-31 | AA | accounts | Accounts with accounts type full | |
| 2026-04-09 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2026-03-18 | AD01 | address | Change registered office address company with date old address new address | |
| 2026-03-04 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2026-02-27 | TM01 | officers | Termination director company with name termination date | |
| 2025-10-08 | AP01 | officers | Appoint person director company with name date | |
| 2025-10-07 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2025-10-07 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2025-07-01 | TM01 | officers | Termination director company with name termination date | |
| 2025-05-27 | TM01 | officers | Termination director company with name termination date | |
| 2025-05-22 | AA | accounts | Accounts with accounts type full | |
| 2025-02-28 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2025-01-08 | AP01 | officers | Appoint person director company with name date | |
| 2024-11-25 | AP01 | officers | Appoint person director company with name date | |
| 2024-09-06 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2024-07-19 | MR04 | mortgage | Mortgage satisfy charge full | |
| 2024-07-19 | MR04 | mortgage | Mortgage satisfy charge full | |
| 2024-05-22 | AA | accounts | Accounts with accounts type full | |
| 2024-03-06 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-02-29 | AP03 | officers | Appoint person secretary company with name date |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 9
- Capital events
- 0
- Officers appointed
- 1
- Officers resigned
- 2
last 12 months
last 24 months
last 12 months
last 12 months
Direct counts from the register. No score, no rating — see the Filing timeline for the underlying events.