Beneva

Beneva is the largest mutual insurance group in Canada, formed from the merger of La Capitale and SSQ Insurance in 2020. As of 2023, Beneva reported a consolidated net income of $271.5 million, a remarkable 149% increase from the previous year. The company has total assets of $25.2 billion and a solvency ratio of 141%, indicating strong financial health. Beneva’s services encompass:

• Group Insurance: Coverage for employee benefits and health plans.

• Property and Casualty Insurance: Protection against various risks for individuals and businesses.

• Individual Life Insurance: Including segregated funds and other wealth management products.

Beneva has positioned itself as a leader in Quebec’s insurance market, with a focus on customer-centric services and community engagement.

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