Canada is internationally respected for the underlying strengths of its financial sector and the quality of its regulation and oversight. The Canadian model recognizes the relationship between risk and reward, and provides its financial institutions with a regulatory foundation that supports both growth and good governance. As a life insurance company licensed to operate in Canada, we are supervised by the Office of the Superintendent of Financial Institutions and — rightly from our perspective — must continually meet exceptionally stringent solvency requirements. We are in business to meet the long-term needs and expectations of our clients and our policy members. That understanding determined our operating structure, shapes our investment portfolio and guides our business strategy. We are wholly owned by Brookfield Asset Management
, a leading global alternative asset manager.