Insurer lifts claims, dividends, and group benefits sales while advancing digital tools
Equitable ended 2025 with a 159 percent LICAT ratio, $1.6bn in claims and benefits paid, and assets up 24 percent to $12.7bn.
The company reported net income of $180m and added $26m to the Contractual Service Margin, which it describes as a measure of future profit.
Claims and benefits paid to policyholders rose 19 percent from the previous year to $1.6bn. Dividends to clients with participating whole life contracts totalled $176m, up 28 percent year over year. Policyholders’ equity reached $1.7bn, an increase of 12 percent, and return on policyholders’ equity was 11 percent.
Capital remained above regulatory expectations.
Equitable finished the year with a Life Insurance Capital Adequacy Test (LICAT) ratio of 159 percent, which it said exceeds the Office of the Superintendent of Financial Institutions’ 100 percent target and is one of the higher levels in the industry.
Growth ran across its three lines of business.
Total premiums and deposits reached $4.3bn, a 27 percent increase from the previous year. Assets under administration rose 24 percent to $12.7bn. Sales in 2025 included $307m in insurance, $1.8bn in investments and $111m in group benefits.
Fabien Jeudy, Equitable’s president and CEO, said the company launched a new website in 2025 and completed the third year of its five-year strategy focused on simplification and ease of doing business.
He added that the organisation reported growth across the company for the third consecutive year.
Product and digital changes targeted both savings and benefits business.
In 2025, Equitable introduced Equitable Guaranteed Investment Funds, launched the ExtraBenefits digital platform for voluntary benefits and rolled out an Equitable Health Digital Dashboard for group benefit clients and members.
As part of its simplification work in the third year of its five‑year strategic journey, the company developed tools and templates for clearer communications, new digital forms, tools and transactions for advisors and clients, a new group benefits dashboard, new illustrations and digital change forms, alongside a redesigned website.
Equitable also formalized its commitment to pay a living wage and obtained certification as a Living Wage Champion.
It reframed rewards and recognition programs to acknowledge employees who it says are caring, passionate and curious and who reflect its stated values.
On the governance side, Equitable appointed Eugene Lundrigan as executive vice‑president, chief investment officer, following the retirement of Tara Proper after 28 years with the company.
The Board of Directors added Adrian Basaraba and Douglas MacKenzie, while Craig Richardson, Laura Formusa, Les Dakens and Neil Parkinson retired in 2025.
Jeudy said Equitable is drawing on its more than 100-year history as it pursues a five-year strategy to prepare for the next century.
He said the mutual focuses on clients and aims to provide long-term financial security and stability, supported by employees, technology and the company’s balance sheet.
