Summary

• At first, Intact Financial, Great-West Lifeco, Manulife, and Sun Life look like they belong in the same bucket. But when digging deeper, there are differences to consider.
• These four insurers don’t grow the same way, they don’t take the same risks, and they won’t appeal to the same type of investor.
• These four all offer respectable income, but the better question is this: which business do you want to own for the next decade?

When investors look at insurers, they often see large balance sheets, generous dividends, and stable businesses. At first, Intact Financial (IFCZF)(IFC:CA), Great-West Lifeco (GWLIF)(GWO:CA), Manulife (MFC

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