Beneva is a Canadian mutual insurance and financial services company formed from the merger of La Capitale and SSQ Insurance. As the largest insurance mutual in Canada, it offers property and casualty, life and health, and investment products nationwide, and reinvests part of its profits in communities through donations, sponsorships and other philanthropic funding. View Beneva inc.'s website for more information.
Beneva is a Canadian mutual insurance group created from the union of La Capitale and SSQ Insurance. Headquartered in Québec and operating across Canada, it offers a wide range of personal and commercial insurance products, as well as savings and investment solutions. As the largest insurance mutual in the country, Beneva is owned by its members rather than shareholders, which supports a long-term, people‑first approach to both its business and community involvement.
Beyond its core insurance and investment activities, Beneva plays a significant role as a philanthropic funder. Its sustainability and impact reporting highlights that several million dollars from its profits are granted each year to organizations, institutions and community partners. For example, its 2024 impact highlights mention $4.2 million of profits granted to 200 organizations and partners, and $1.6 million donated to Centraide United Way. This support takes multiple forms, including direct donations, sponsorships of major events, and longer‑term partnerships with charities, universities, and community initiatives.
These contributions help advance environmental projects, social initiatives such as anxiety prevention and mental health, community resilience and wellness programs, as well as sports and cultural events across Canada. Beneva’s newsroom regularly showcases bursary programs and partnerships with foundations and educational institutions that channel financial support to student‑athletes and other beneficiaries.
Beneva’s financial support benefits a broad range of recipients: non‑profit organizations, educational and research institutions, community groups, sports events and social enterprises. Through its mutualist model, the company positions this funding as a way to return value to members and society by contributing to global wellness and a fair transition to a greener, more inclusive and resilient world.
Impact data published by Beneva include the volume of profits granted, the number of partner organizations and specific flagship initiatives. These elements illustrate a structured, recurring commitment rather than ad‑hoc philanthropy, making Beneva a notable private‑sector player in Canada’s landscape of community funding and impact finance.