Financial excellence and responsible asset management

At the end of the fiscal year, UV Insurance posted a net income of $7.9 million, reflecting prudent, responsible financial management and a focus on creating sustainable value for its members. Despite significant investments in the acquisition of a portfolio of insurance contracts, member equity increased by nearly 10%.

Moreover, UV Insurance’s assets grew by an exceptional 35%, mainly due to the acquisition of a block of insurance contracts during the year. Finally, the solvency ratio—a key indicator that ensures mutual fund commitments are met—remains above internal targets, confirming the company’s effective strategies, robust financial position and quality capital management.

“These results demonstrate our organization’s fiscal discipline and the soundness of our strategic choices. They enable us to look forward with confidence as we pursue our mission for our members’ benefit,” said Christian Mercier, CEO of UV Insurance.

Historical acquisition 

In addition to celebrating its 135th anniversary in 2025, UV Insurance reached a milestone with the largest acquisition in its history—the purchase of a large block of personal insurance contracts from BMO Insurance. This transaction doubled the number of personal insurance members across the country, an achievement shared with the entire team, whose unwavering commitment throughout the year made this project a resounding success.

This landmark acquisition enables UV Insurance to leverage its technological capabilities and diversify its risk, thereby optimizing its operations and the use of its capital.

Commitment to employee and community well-being

The quality of UV Insurance’s work environment remained an undeniable competitive edge in 2025, as it maintained the BNQ – Healthy Enterprise standard and the engagement rate of its 300 employees was assessed at 92%—well above the industry average. The company’s sustained community engagement resulted in over $1 million in donations to organizations in the education, health and social inclusion sectors.

“Today, UV Insurance is resolutely focused on the future as an organization that is modern, innovative, responsible, and true to its values. We are ready to face challenges, seize opportunities, and build a mutual organization that is stronger, more relevant, and more people-focused than ever,” concluded Alain Bédard, Chair of UV Insurance’s Board of Directors.

About UV Insurance

Founded in 1889, UV Insurance is one of the oldest insurance companies in Canada. It has become well known for its financial stability and customer service to the local community. Through its highly technological platforms, UV Insurance offers a range of individual and critical illness insurance, group insurance, and investment and retirement products. Over time, the company has made its mark by focusing on innovation, flexible products and a vast network of independent advisors. Headquartered in Drummondville, the company serves the Canadian market, particularly Quebec and Ontario.

UV Insurance is a corporate name and trademark of Union Life Mutual Insurance Company.

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For more information:

Marilyn Baril
Vice President, Public Affairs and ESG Practices
UV Insurance
819 313-1007
[email protected]