For printed copies of Canada Life’s annual reports or copies of Great-West Life or London Life reports from prior years, contact the Corporate Secretary’s Office.
Canada Life has one series of subordinated debentures outstanding with a face amount of $100 million.
| Issuer Entity |
The Canada Life Assurance Company |
|---|---|
| Coupon |
6.40% |
| Date of Maturity |
Dec 11, 2028 |
| Senior/Subordinated |
Series B Subordinated |
| Date Issued |
Dec 11, 1998 |
| Amount Outstanding |
$100,000,000 |
| S&P Rating |
AA- |
|
DBRS Rating |
AA (low) |
Canada Life Capital Trust has issued Canada Life Capital Trust Securities (“CLiCS”) Series B with a face value of $150 million.
| Issuer Entity | Canada Life Capital Trust |
|---|---|
| Parent Company |
The Canada Life Assurance Company |
| Issue |
CLiCS Series B |
| Description |
Canada Life Capital Securities |
| Date Issued |
Mar 14, 2002 |
| Amount Outstanding |
$150,000,000 |
| Yield |
7.529% |
|
First Par Call Date |
June 30, 2032 |
| S&P Rating |
A+, P-1 |
| DBRS Rating |
A (high) |
Canada Life and its subsidiaries have issued debentures and capital trust securities which are currently outstanding.
Our current credit ratings are as follows:
| Rating Agency |
Measurement |
Rating |
|---|---|---|
| A.M. Best Company |
Financial Strength |
A+ |
| DBRS Morningstar |
Issuer Rating Financial Strength Subordinated Debt |
AA AA AA (low)
|
| Fitch Ratings |
Insurer Financial Strength Subordinated Debt |
AA A+ |
| Moody’s Investors Service |
Insurance Financial Strength |
Aa3 |
| S&P Global Ratings |
Insurer Financial Strength Subordinated Debt |
AA AA- |
Canada Life published its 2025 OSFI B-15 Climate Risk Management Report regarding its approach to managing climate-related risks.