ICMIF member Co-operators (Canada) has reported a strong financial and social performance in 2025, reinforcing its commitment to resilience, sustainability and long-term member value.
Published last week, the organisation’s 2025 Integrated Annual Report, Leading with purpose, highlights record net income before taxes of CAD 937.4 million alongside CAD 3.21 billion paid in claims and benefits to clients. The results reflect improved underwriting performance, disciplined expense management and strong investment returns, with total assets reaching CAD 22.4 billion and total equity rising to CAD 6.1 billion.
Co-operators says the report demonstrates how the organisation continues to align financial strength with its cooperative purpose, advancing financial security and resilience for Canadians during a period of significant economic, technological and climate-related change.
Rob Wesseling, President and CEO of Co-operators and Chair of ICMIF, said the organisation remains focused on evolving its business model and developing new solutions to meet changing customer and community needs. He noted that climate risk, affordability pressures and technological advancement are reshaping the Canadian landscape, reinforcing the importance of long-term resilience and innovation.
A key theme throughout the report is the organisation’s continued investment in climate resilience and sustainable finance. Co-operators surpassed its 2030 target for impact and climate transition investments five years ahead of schedule, directing 60.2% of invested assets, approximately CAD 8.75 billion, toward impact and climate transition initiatives in 2025. The organisation also continued to expand its resilience-focused insurance offerings, including its TomorrowStrong® initiative and Comprehensive Water coverage, which now protects more than 745,000 Canadian households, farms and businesses against flooding risks.
The integrated report also highlights the continued growth of Co-operators Financial Investment Services, whose mutual fund assets under administration increased to CAD 2.33 billion in 2025, reflecting the organisation’s broader strategy to support long-term financial resilience for members and clients through insurance, investments and advice.
Alongside its financial achievements, Co-operators reported ongoing progress toward its climate goals, including a 35.8% reduction in operational emissions compared to 2019 levels and a 12.3% reduction in financed emissions intensity relative to 2020. The organisation also contributed CAD 15.3 million to community organisations supporting social wellbeing, environmental resilience and co-operative development across Canada.
The Integrated Annual Report serves as Co-operators Public Accountability Statement and is made available to all members, clients and the public. To access the full report, visit integratedreport.cooperators.ca.
Detailed information on climate-related milestones, governance, strategy, risk-management and targets and metrics, can be found in the Co-operators Climate Report at cooperators.ca/reports.
Co-operators will host the upcoming ICMIF Biennial Conference 2026 in Toronto in November 2026, bringing together mutual and cooperative insurance leaders from around the world to discuss the future of the sector and the role of purpose-led business in building resilient communities.
