Canada's Westaim net loss narrows in Q4 as asset management unit turns positive

Westaim

26/03/2026 22:41

Overview

Canada integrated insurance and asset manager's Q4 net loss narrowed YoY

Asset Management segment posted positive adjusted EBITDA in Q4 2025

Insurance segment continued building MYGA annuity issuance and expanded agent network

Outlook

Company expects agent onboarding and policy applications to continue to grow in 2026

Westaim says annuity policy issuance is pacing close to previous guidance

Company plans continued growth of Arena’s business in 2026 and beyond

Result Drivers

ASSET MANAGEMENT FEES - Asset Management segment generated $15.9 mln in fee revenues and performance allocations, contributing to positive adjusted EBITDA

ANNUITY PRODUCT - Insurance segment continued growing MYGA annuity issuance, resulting in premium generation and agent network expansion

PLATFORM BUILD-OUT COSTS - Insurance segment's adjusted EBITDA loss included $0.7 mln in platform build-out expenses

Company press release: ID:nBw1y6cB4a

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q4 Net Income
-$18.70 mln


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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)