CANADA LIFE LIMITED
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Next accounts due
2026-09-30 (in 4mo)
Last filed for 2024-12-31
Confirmation statement due
2027-03-08 (in 10mo)
Last made up 2026-02-22
Watchouts
Cash
—
Latest balance sheet
Net assets
£2B
-3.7% vs 2023
Employees
0
Average over period
Profit before tax
£534M
+102% vs 2023
Watchouts
Facts from the Companies House register and the latest accounts — not a rating
-
3 officer resignations in last 12 months
Multiple officers have left the board recently — see the People section for who.
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
Net assets
2-year trend · vs Financials median
Accounts
2-year trend · latest reflected 2024-12-31
| Metric | Trend | 2023-12-31 | 2024-12-31 |
|---|---|---|---|
| Gross written premiums | £2,520,800,000 | £2,794,500,000 | |
| Net earned premiums | £3,467,800,000 | £2,288,000,000 | |
| Claims incurred | £1,971,600,000 | £2,099,400,000 | |
| Investment return | £1,296,500,000 | £286,300,000 | |
| Profit before tax | £264,200,000 | £533,600,000 | |
| Net profit | £339,800,000 | £453,700,000 | |
| Insurance contract liabilities | £20,711,400,000 | £20,883,000,000 | |
| Total assets | £26,690,700,000 | £26,380,800,000 | |
| Total liabilities | £24,245,700,000 | £24,027,100,000 | |
| Equity | £2,445,000,000 | £2,353,700,000 | |
| 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. About these numbers
Ratios
Computed from the line items above — sparklines read oldest → newest
| Ratio | Trend | 2023-12-31 | 2024-12-31 |
|---|---|---|---|
| Gearing (liabilities / total assets) | 90.8% | 91.1% |
Margins divide P&L lines by turnover. 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.
Audit & accounting basis
- Accounting basis
- FRS 102
- Reporting scope
- Standalone (parent only)
- Auditor
- Forvis Mazars LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“In auditing the financial statements, we have concluded that the directors' use of the going concern basis of accounting in the preparation of the financial statements is appropriate.”
Group structure
- CANADA LIFE LIMITED · parent
- Irish Life Ark Dublin dac 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 100%
- Irish Life Associate Holdings Unlimited 100%
- Irish Life Assurance Public Limited Company 100%
- ILHAWK Limited 100%
- Irish Life Financial Services Limited 100%
- Irish Life Group Limited 100%
- Irish Life Group Services Limited 100%
- Irish Life Health Designated Activity Company 100%
- Irish Life Wellbeing 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%
- Vigo Health Limited 100%
- Earlsfort Centre (Atrium) Limited 50%
- Multiply.AI Limited 37%
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 322 total filings
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 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 | |
| 2024-02-29 | TM02 | officers | Termination secretary company with name termination date |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 10
- Capital events
- 0
- Officers appointed
- 1
- Officers resigned
- 3
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.
Year-on-year
FY2023 → FY2024 · period ending 2024-12-31 vs 2023-12-31
-
Gross written premiums
+10.9%
£2,520,800,000 £2,794,500,000
-
Net earned premiums
-34%
£3,467,800,000 £2,288,000,000
-
Profit before tax
+102%
£264,200,000 £533,600,000
-
Equity
-3.7%
£2,445,000,000 £2,353,700,000
-
Claims incurred
+6.5%
£1,971,600,000 £2,099,400,000
-
Insurance contract liabilities
+0.8%
£20,711,400,000 £20,883,000,000
-
Investment return
-77.9%
£1,296,500,000 £286,300,000
Each % is (latest − prior) ÷ |prior| for the line item as filed. The comparison is only shown when the latest and prior accounts cover broadly equal-length periods — short or long stubs (typical around incorporation or a year-end change) are suppressed rather than misrepresented. Lines a company doesn't report are omitted. About these numbers