Solvency ratio
LIMAT Ratios Public Disclosure Summary Template
(CAD thousands, except percentages)
Branches are required, at minimum, to maintain a Total Ratio of 90%. Canada’s Office of the Superintendent of Financial Institutions (“OSFI”) has established a supervisory target level of 100% for Total Margin.
Definitions of terms can be found in the OSFI Guideline A: LICAT – Life Insurance Capital Adequacy Test
|
|
Current Period |
Prior Period |
Change (%) |
Available Margin (A – B) |
C |
251,053 |
245,932 |
2% |
· Assets Available |
A |
388,272 |
360,816 |
2% |
· Assets Required |
B |
137,219 |
114,883 |
19% |
| Surplus Allowance and Eligible Deposits | D |
390,565 |
352,143 |
11% |
Required Margin |
E |
391,360 |
385,516 |
2% |
LIMAT Total Ratio ([C + D] / E x 100) |
|
164% |
155% |
9% |
Qualitative analysis of change in solvency ratio
The Branch was established on January 1st, 2023. The ratio is strong relative to the branch’s long- term internal target.