ANNUAL REPORT TABLE of CONTENTS Board of Directors 4
2016 ANNUAL REPORT TABLE OF CONTENTS Board of Directors 4 Message From the Chairman of the Board 6 Message From the President and CEO 8 Senior Management 10 Assumption Life Salutes Employees who have Contributed to its Success 11 Assumption Life is Proud to Strengthen Community Spirit 12 Assumption Life’s Financial Health in 2016 14 Independent Auditors’ Report to the Policyholders 16 Valuation Actuary’s Report to the Policyholders 17 Consolidated Statement of Financial Position 18 Consolidated Statement of Income 19 Consolidated Statement of Comprehensive Income 20 Consolidated Statement of Changes in Equity 21 Consolidated Statement of Cash Flows 23 Notes to Consolidated Financial Statements 24 Organizational Chart 74 2 2016 ANNUAL REPORT MASSACHUSETTS, 1903. Our company is founded to ensure the well-being of Acadian families. OUR MISSION is still the same today, with one diff erence – we now protect families from across Canada. Board of Directors In order from left to right: First Row: Allister Surette André Vincent Yvon Fontaine President and Vice Chancellor, President and CEO, B.Soc.Sc, LL.B, LL.M. Université Sainte-Anne Assumption Life Andrée Savoie, ICD.D Last Row: Yves Arseneau, CPA, CA President & CEO Lise Casgrain, MBA, ICD.D Vice President of the Board Adelin Properties Company Director Geneviève Laforge, LL.B, ASC Marcel Godbout, CPA, CA Ivan Toner, ICD.D Corporate Secretary and Senior Tax Partner President, MelamTech Consulting Legal Counsel, Assumption Life Bishop & Company Chartered Accountants Inc. Jacques Valotaire, Absent from the picture: FCPA, FCA, ICD.D Patrick Gillespie, LL.B. Monique Tremblay, Chairman of the Board President FCIA, FSA, MBA Ashford Investments Inc.
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