2025 Appointed Actuary’s Report Supplementary Tables for Life, Property and Casualty and Mortgage Insurers

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Memorandum to the Appointed Actuary

June 9, 2025

To: All federally regulated insurers

This letter provides information on the templates to be used for the 2025 Appointed Actuary’s Report (AAR) supplementary tables by all federally regulated life, property and casualty (P&C), and mortgage insurers. The supplementary tables must be filed in conjunction with the AARs.

We made the following changes to the 2025 templates:

  • We changed the format of data entry to align with our Data Collection Modernization initiative. The new format will facilitate the efficient processing of the data contained within the submitted templates.
  • We removed three tables from each of the P&C supplementary tables and the mortgage insurance supplementary tables. These six removed tables previously collected information on discount rate curves and groups of contracts for insurance contracts issued and reinsurance contracts held.

Further details on the new format and expectations for the completion of tables are provided in the instructions posted on our website.

The 2025 templates with the new format are available for all federally regulated insurers (insurers) to use for their 2025 AAR submissions. Links to these new templates are provided below.

To accommodate insurers that may face undue difficulties with transitioning to the new templates for the 2025 fiscal year-end filing, we will continue to accept submissions provided in the previous 2024 format. This accommodation is only for the 2025 fiscal year-end. All AAR supplementary table filings relating to fiscal year-end 2026 should be submitted using the new format.

We ask all insurers who intend to submit their AAR supplementary tables in the previous format to notify us as soon as possible, but at least 30 days before the 2025 fiscal year-end. Failure to do so may result in late and erroneous penalties being applied under our Administrative Procedures for the Late and Erroneous Filing Penalty (LEFP) Framework.

For questions related to this letter and the new templates, please contact: AARinquirylife-RADinfoVie@osfi-bsif.gc.ca for life insurers or AARinquiryPC-RADinfoMultirisques@osfi-bsif.gc.ca for P&C and mortgage insurers.

Sincerely,

Mark Causevic
Managing Director, Insurers’ Financial Resilience
Supervision Sector

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