Biggest Canadian insurance companies 2023, by revenue

Approximately 400 million Canadian dollars separated the largest and second-largest Canadian insurers in 2023 based on insurance revenue. In that year, Fairfax Financial was the largest insurance company in terms of revenue from insurance services and generated 6.75 billion Canadian dollars in net insurance revenue. Desjardins Group followed behind with 6.34 billion Canadian dollars in net insurance revenue. However, yet another competitor of Fairfax Financial was the biggest Canadian insurer by total assets in the same year.