Life Pro Q2 2025 Interim Version B & LICAT-LIMAT-ESCAP Pro 2025 Version C

Life Pro Q2 2025 Interim Version B & LICAT-LIMAT-ESCAP Pro 2025 Version C

Life Pro

Life Pro 2025 Interim Version B & LICAT-LIMAT-ESCAP Pro 2025 Version C Release

French Version

Life Pro 2025 Interim Version B and LICAT-LIMAT-ESCAP Pro 2025 Interim Version C are now available for download on the SETpro website. This release includes minor formatting items in both Pro tools and added bring-forward data points in Life Pro.

We advise users to start fresh with the full Version B package, however, all of the changes included in SETpro’s Q2 Interim versions will also be available in the format of Fix files (Life Pro 2025 Interim – Fix A-B / LICAT-LIMAT-ESCAP Pro 2025 – Fix B-C).

The Fix files should be used to apply the updates listed below to in-progress working files that have been started using the previously posted Life Pro 2025 Interim Version A or LICAT-LIMAT-ESCAP Pro 2025 Interim Version B. The Fix files will automatically apply all updates to your existing working file(s). For detailed instructions on applying the fix, please see page 31 of the User Guide.

Packages included in this release:

• Life Pro 2025 Interim Version B

• Life Pro 2025 Interim – Fix A-B

• LICAT-LIMAT-ESCAP Pro 2025 Interim Version C

• LICAT-LIMAT-ESCAP Pro 2025 – Fix B-C

• Newly Released: 2025 KMR OL

General Enhancements (Life Pro and LICAT-LIMAT-ESCAP Pro):

1. Data Format Validation explanation of results: We've enhanced the description of the validation and explanation of the results for the new Data Format Validation. If users have any errors requiring attention, these updates will aide you in making your corrections.

2. Updated company listing in the User Selection Form: Version B’s company listing now includes newly updated company names that have been previously communicated to Pro team.  

Key Updates:

Life Pro 2025 Interim Version B and Fix A-B:

• We've added some new data points to the Bring Forward function for rows 120, 130, and 150 on page 23.045. The data included in the new row 005 was not reported in rows 120, 130 or 150 in the prior year, so this change will ensure data continuity.

LICAT-LIMAT-ESCAP Pro 2025 Interim Version C and Fix B-C:

• A reminder for all users licensed in Quebec and incorporated in Quebec: Page 910.000 is a new page to be completed in Q2. Please note, this page is only required if the filer has completed page 70.300 and is never required if the filer is a Foreign Branch.

2025 KMR OL Pro:

• The KMR OL Pro package has been updated to align with the new 2025 KMR OL return, ensuring full compliance with the latest regulatory requirements.

• The changes include:

  • Moving row 08 (Segregated Fund Guarantee Risk) to the capital requirement section to align with the changes in presentation of the LICAT 2025 LCQ return.
  • A new input field for the ORSA date and included in the output files.
  • Updated validations to capture the above changes.

Contact information

The Pro Support Team is happy to assist you if with any questions or concerns. Please do not hesitate to contact our Support Team general mailbox at support@setproco.com.

For account related inquiries or new user access, reach out to us at hello@setproco.com.

Help us improve Pro tools by sharing your filing experience. We value your feedback!

General inquiries & technical support:

sydney.richardson@setproco.com

Account inquiries:

ethel.abray@setproco.com

Technical support:

vadim.birioukov@setproco.com

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