The full year premiums were £792m compared with £737m in 2012, while total assets under administration jumped over 10% from £7.98bn to £8.8bn, the company reported.
Sean Christian, managing director of Canada Life International, said: “Advisers and their clients are looking for a wide range of offshore investment solutions including a choice of jurisdictions from providers with strong financial backing and a long pedigree in this market.”
He added that Canada Life’s international operations were “committed to the UK market and our focus is on advice driven solutions”.
Canada Life launched a new Dublin based company, Canada Life International Assurance, in May 2013 giving a choice of an EU-based jurisdiction alongside the existing Isle of Man operation.
In January 2014, the Dublin operation launched an estate planning product called the Wealth Preservation Europe Account (WPEA).
