Trans Global Life Insurance Company

Year Ended 31 December 2025

 

The Life Insurance Capital Adequacy Test (“LICAT”) guideline replaced the MCCSR guideline effective January 1, 2025.

The LICAT guideline establishes the standards used by OSFI to assess whether a life insurer maintains adequate capital or an adequate margin to support risks specific to the life insurance business. This is in compliance with the requirements of The Office of the Superintendent of Insurance of Alberta and the Act.

Companies are required, at minimum, to maintain a Core Ratio of 55% and a Total Ratio of 90%. OSFI has established supervisory target levels of 70% for Core and 100% for Total capital. 

Definition of terms used in this document can be found in the OSFI Guideline on the Office of Superintendent of Financial Institution’s website.

There was $5.98 million of available capital and $1.68 million of base solvency buffer, resulting in an LICAT Total Ratio of 363% as at December 31, 2025.

2025 2024 Year over Year Movement
($’000) ($’000) ($’000)
Available Capital (A) 5,978 5,988 -10
Surplus Allowance (B) 102 100 2
Total 6,080 6,088 -8
Credit Risk 44 32 12
Market Risk 901 708 193
Insurance Risk 548 505 43
Diversification Credit (C) 186 162 24
Operational Risk (D) 368 328 40
Base Solvency Buffer (E) 1,675 1,411 264
Total Ratio (%) ([A+B]/E)x100 363% 431% -68%

 

 

 

 

Source of Earnings

 

The Alberta Superintendent of Insurance has fully adopted OSFI’s D-9 Source of Earnings (SOE) Guideline. In compliance with those guidelines, Trans Global Life Insurance Company has opted to make the SOE disclosure publicly available by providing this notification on our website to inform users (i.e. policyholders, analysts, directors, management and regulators, etc.) that they may contact the company through this link (info@transglobalinsurance.ca) to request this information.

Note that SOE is not an International Financial Reporting Standard (IFRS) measure and that there is no standard SOE methodology. The calculation of SOE is dependent on, and sensitive to, the methodology, estimates and assumptions used. SOE identifies various sources of IFRS earnings and provides an analysis of the differences between actual net income and expected net income based on assumptions made at the beginning of the reporting period.

 

Additional Financial Information

 

You can find the publicly available financial statements and information for Trans Global Insurance Company and Trans Global Life Insurance Company on the website of our primary regulator (The Superintendent of Insurance of Alberta) through the Government of Alberta’s website

Trans Global Insurance Co. : financial data [2025 to current] – Open Government

Trans Global Life Insurance Co. : financial data [2025 to current] – Open Government