Canada’s Top 10 P&C Insurers: First Half 2024 Year Over-Year Growth Leaders

The Q2-2024 results highlight the resilience and growth potential within Canada’s Property & Casualty (P&C) insurance sector. Leading the list is Tokio Marine Canada, headed by Michael George, with a 245% year-over-year revenue increase. Tokio Marine’s H1 revenue rose to $42.7 million from $12.4 million, reflecting a steady strategy for market capture and expansion.

Sompo Canada, led by CEO Rohan Dixon, also saw significant growth, increasing revenue by 140% year-over-year to reach $17.4 million in H1-2024. Entering the Canadian market only last year, Sompo has quickly established a solid footing.

Both companies, originally founded in Japan, top the list with strong year-over-year gains, underscoring their commitment to growth and their strategic positioning within Canada’s competitive insurance landscape.

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