C A N A D A’ S I N S U R A N C E A N D R I S K M A G A Z I N E . C A N A D I A N U N D E R W R I T E R . C A
2012 STATISTICAL ISSUE ‘What Ifs’ and Wildcards BY GLENN McGILLIVRAY
JUNE 2012 A Business Information Group Publication #40069240
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CANADIAN UNDERWRITER STATISTICAL ISSUE 2011
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VOL. 79, NO. 6, JUNE 2012
Index To Company Tables
6, 8
Index To Reinsurance Companies
10
Index To Life Insurance Companies
12
Editorial Summary
16
How The Private Companies Rank (Total Business) N.P.W.
30, 32
Companies Total Business N.P.W. By Company Name
34
How The Private Companies Rank (Property) N.P.W.
36
How The Private Companies Rank (Automobile) N.P.W.
38
2011 Underwriting Results Table — General Companies
40, 42, 43
Total Direct Written Business — By Province
44, 46, 47
Direct Written Auto — By Province
48, 50
Five Year Record By Classes
51
2011 Reinsurance Results Table
52
2011 Underwriting Profit Producers
57
2011 Underwriting Loss Producers
57
Direct Written Property — By Province
Senior Publisher Steve Wilson steve@canadianunderwriter.ca (416) 510-6800 Editor Cathy Donaghy cathy@canadianunderwriter.ca (416) 510-6840 Account Manager Michael Wells michael@canadianunderwriter.ca (416) 510-5122
Art Director Stephen Ferrie Production Manager Gary White (416) 510-6760 Print Production Manager Phyllis Wright President Bruce Creighton Vice President Alex Papanou
Advertising Sales Christine Giovis christine@canadianunderwriter.ca (416) 510-5114
54, 56
2011 Total Insurance In Canada By Nationality Of Company
66
2011 Automobile Insurance In Canada By Nationality Of Company
66
2011 Property Insurance In Canada By Nationality Of Company
66
2011 Remaining Coverages In Canada By Nationality Of Company
66
2011 Total Insurance In Canada By Type Of Company
67
2011 Automobile Insurance In Canada By Type Of Company
67
2011 Property Insurance In Canada By Type Of Company
67
2011 Remaining Coverages In Canada By Type Of Company
67
2011 Canadian Underwriting Experience By Companies
68
2011 Reinsurance Companies Results
116
2011 Provincial Government Insurers
128
2011 Life Insurance In Canada
128
LEADING COMPANIES — DIRECT WRITTEN BASIS
Accident & Sickness
64 Legal Expense
64
Aircraft
65 Liability
65
Boiler & Machinery
64 Marine
64
Credit
64 Mortgage
64
Credit Protection
64 Other Approved Products
64
Fidelity
64 Surety
65
Hail
64 Title
65
Associate Publisher Paul Aquino paul@canadianunderwriter.ca (416) 510-6788
Canadian Underwriter is published thirteen times yearly (monthly + the Annual Statistical Issue) by Business Information Group, a division of BIG Magazines LP, a leading Canadian information company with interests in daily and community newspapers and business-to-business information services. Business Information Group is located at 80 Valleybrook Drive, North York, ON, M3B 2S9. Phone: (416) 442-5600. All rights reserved. Printed in Canada. The contents of this publication may not be reproduced or transmitted in any form, either in part or in full, including photocopying and recording, without the written consent of the copyright owner. Nor may any part of this publication be stored in a retrieval system of any nature without prior written consent. © Published monthly as a source of news, technical information and comment, and as a link between all segments of the insurance industry including brokers, agents, insurance and reinsurance companies, adjusters, risk managers and consultants. Privacy Notice From time to time we make our subscription list available to select companies and organizations whose product or service may interest you. If you do not wish your contact information to be made available, please contact us via one of the following methods: Phone: 1-800-668-2374 Fax: 416-442-2191 E-mail: jhunter@businessinformationgroup.ca Mail to: Privacy Officer, 80 Valleybrook Drive, North York, ON, M3B 2S9 Subscription Rates: 2012 Canada 1 Year $ 49.95 plus applicable taxes 2 Years $ 73.95 plus applicable taxes
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LEADING COMPANIES IN THE PROVINCES — DIRECT WRITTEN PREMIUMS
Total Business
58, 59
Property
60, 61
Automobile
62, 63
PAP Registration No. 11098 We acknowledge the financial support of the Government of Canada through the Canada Periodical Fund (CPF) for our publishing activities.
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canadianunderwriter.ca CANADIAN UNDERWRITER STATISTICAL ISSUE 2012
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COMPANY INDEX ACE INA Insurance
68
Gore Mutual Insurance Company
84
Affiliated FM Insurance Company
68
Grain Insurance & Guarantee Company
85
Alberta Motor Association Insurance Company
68
Great American Insurance Company
85
Allianz Global Risks US Insurance Company
70
The Guarantee Company of North America
86
Allstate Insurance Company Of Canada
70
Hanover Insurance Company
85
American Road Insurance Company
70
Hartford Fire Insurance Company
86
Arch Insurance Company
71
ICAROM PLC
86
Atradius Credit Insurance N.V.
71
Industrielle Alliance Compagnie D’Assurances Generales
88
Aviva Canada Inc.
72
Intact Financial Corporation
88
Berkley Insurance Company
72
Jevco Insurance Company
88
The Boiler Inspection & Insurance Company Of Canada
72
The Kings Mutual Insurance Company
89
CAA Insurance Company (Ontario)
74
Lawyers’ Professional Indemnity Compnany
89
Canadian Direct Insurance
74
Legacy General Insurance Company
89
La Capitale Compagnie D’Assurance Generale
74
Liberty Mutual Insurance Company
90
Chartis Insurance Company of Canada
76
Lloyd’s Underwriters
90
Chubb Insurance Company of Canada
75
Lumbermen’s Underwriting Alliance
90
Clare Mutual Insurance Company
75
The Mearie Group
92
CNA Canada Group
78
Mennonite Mutual Fire Insurance Company
92
Mitsui Sumitomo Insurance Company Limited
92
Coachman Insurance Company
102
Co-operative Hail Insurance Company Limited
75
Motors Insurance Corporation
93
Co-operators General Insurance Company
76
The Mutual Fire Insurance Co. Of British Columbia
93
Corepoint Insurance Company
76
Northbridge Financial Corporation
94
Cumis General Insurance Company
78
Northbridge Insurance
94
Desjardins General Insurance Group
78
North Waterloo Farmers Mutual Insurance Company
93
The Dominion Of Canada General Insurance Company
80
Old Republic Insurance Company of Canada
95
Echelon General Insurance Company
80
Omega General Insurance Company
95
The Economical Insurance Group
80
Ontario Mutual Insurance Association
95
Employers Insurance Company Of Wausau
82
Ontario School Board’s Insurance Exchange
96
Le Groupe Estrie-Richelieu Compagnie D’Assurance
82
Pacific Coast Fishermen’s Mutual Marine Insurance Company
98
Euler Hermes American Credit Indemnity Company
82
Pafco Insurance Company
98
Everest Insurance Company Of Canada
83
Peace Hills General Insurance Company
96
Factory Mutual Insurance Company
83
P.E.I. Mutual Insurance Company
96
FCT
83
Pembridge Insurance Company
98
Federal Insurance Company
84
The Portage La Prairie Mutual Insurance Company
99
Federated Insurance Company Of Canada
94
The Insurance Company Of Prince Edward Island
103
Fundy Mutual Insurance Company
84
RBC General Insurance Company
99 (Continued On Page 8)
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canadianunderwriter.ca CANADIAN UNDERWRITER STATISTICAL ISSUE 2012
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CANADIAN UNDERWRITER STATISTICAL ISSUE 2011
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CommerCiaL property
mining and oiL & gas
professionaL LiabiLity
7
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COMPANY INDEX RBC Insurance Company of Canada
(Continued From Page 6)
99
TIG Insurance Company
107
Red River Valley Mutual Insurance Company
100
The Tokio Marine & Nichido Fire Insurance Company Limited
108
RSA Canada Group
100
Travelers Canada
108
Saskatchewan Mutual Insurance Company
100
Trisura Guarantee Insurance Company
108
Security Insurance Company of Hartford
102
Triton Insurance
110
SGI Canada Group
102
Unica Insurance Inc.
110
SGI Canada Insurance Services
103
L’Unique Compagnie D’Assurances Generales
110
Sompo Japan Insurance Inc.
103
Utica Mutual Insurance Company Limited
112
The Sovereign General Insurance Company
104
The Wawanesa Mutual Insurance Company
112
SSQ, Societe D’Assurances Generales Inc.
104
Western Surety Company
112
State Farm Fire & Casualty Company
106
XL Insurance
114
State Farm Insurance Company
104
Zurich Insurance Company Ltd (Canadian Branch)
114
State Farm Mutual Automobile Insurance Company
106
Stewart Title Guaranty Company
106
TD General Insurance
107
Temple Insurance Company
107
Birds on a Wire
Property & Casualty Insurance Newswire
8
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canadianunderwriter.ca CANADIAN UNDERWRITER STATISTICAL ISSUE 2012
12-05-25 9:02 AM
Pick Any Letter. A to Z…
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Executive Liability Division Fidelity / Crime Division Property & Inland Marine Division www.GAIG.com
9
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REINSURANCE COMPANIES Alea (Bermuda) Ltd.
116
Promutuel Reassurance
122
Aspen Insurance UK Limited
116
Scor Canada Reinsurance Company
122
Caisse Centrale de Reassurance
116
Sirius America Insurance Company
122
Endurance Reinsurance Corporation Of America
116
Swiss Reinsurance Company Ltd.
124
Everest Reinsurance Company
118
Swiss Reinsurance Group
124
Farm Mutual Reinsurance Plan
118
T.H.E. Insurance Company
125
General Reinsurance Corporation
119
The Toa Reinsurance Company of America
125
Hannover Ruckversicherung AG
119
Transatlantic Reinsurance Company
126
MAPFRE Re Compania De Reaseguros, S.A.
119
Westport Insurance Corporation
124
Munich Reinsurance America Inc
120
XL Reinsurance America, Inc. Canadian Branch
126
Munich Reinsurance Company Of Canada
120
Munich Reinsurance Canada Group
120
Nipponkoa Insurance Company Limited
121
PROVINCIAL GOVERNMENT INSURERS
Odyssey America Reinsurance Corporation
121
Saskatchewan Auto Fund
128
Insurance Corporation of British Columbia
128
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LIFE INSURANCE COMPANIES Aetna Life Insurance Company
128 Hartford Life Insurance Company
129
American Health & Life Insurance Company
128 Life Insurance Company Of North America
130
Canadian Premier Life Insurance Company of Canada
129 Primerica Life Insurance Company Of Canada
130
Canassurance, compagnie d’assurance-vie inc.
129 Reliable Life Insurance Company
130
Cigna Life Insurance Company Of Canada
129 RGA Life Reinsurance Company Of Canada
130
Combined Insurance Company of America
129 SCOR Global Life
130
Connecticut General Life Insurance Company
129 State Farm International Life Insurance Company Ltd.
130
The Equitable Life Insurance Company of Canada
129 Sun Life Assurance Company Of Canada
130
Faithlife Financial
129 Transamerica Life Insurance Company Of Canada
130
General American Life Insurance Company
129 L’Union-Vie, compagnie mutuelle d’assurance
130
Gerber Life Insurance Company
129 The Wawanesa Life Insurance Company
130
ACE INA Insurance
69
i-hire.ca
10
The ARC Group Canada Inc.
19
Impact Auto Auctions
35
ADVERTISERS’ INDEX
Aviva Canada Inc.
2 (IFC), 73
Insurance Institute of Canada
3
AXIS Reinsurance Company (Canadian Branch)
17
inswire.ca
Brovada
11
Liberty International Underwriters
91
Burns & Wilcox Canada
45
NICC
13
canadianunderwriter.ca
114
On Side Restoration Services Ltd.
26
Paul Davis Systems (PDS)
29
Peace Hills Insurance
97
Canadian Litigation Counsel Caisse Centrale De Reassurance (CCR)
33 117
8, 71, 125
CARSTAR Automotive Canada
49
RSA – Royal & Sun Alliance Insurance Company of Canada
101
CGI
15
SCOR
123
Chartis Insurance
77
SPECS – Specialized Property Evaluation Control Services Limited
37
CNA Canada
79
ServiceMaster of Canada Limited
55
CSN Collision & Glass
39
The Sovereign General Insurance Company
Compu-Quote, Inc. Crawford & Company (Canada) Inc. Cunningham Lindsey Canada
131 (IBC)
Transatlantic Reinsurance Company Travelers
109
7
TOA Re
53
81
Unica Insurance Inc.
Elliott Special Risk LP.
25
The Wawanesa Mutual Insurance Company
Giffen Koerth Smart Forensics
27
WINMAR
9
XL Insurance
The Guarantee Company of North America
87
Zurich Canada
Guy Carpenter
23
12
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31, 127
41
The Economical Insurance Group
Great American Insurance Group
105
111 113, 132 (OBC) 21 5 115
canadianunderwriter.ca CANADIAN UNDERWRITER STATISTICAL ISSUE 2012
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UNDERWRITING PROFIT/LOSS IN CANADA 2001-2011 PROPERTY/CASUALTY COMPANIES
LICENSED REINSURERS
+3366.4
+2720.6
+2374.4
+2381.8
+323.5
+232.7
+248.2
+172.9 +142.7
+116.4
+404.7
+29.4
+90.0 2008 2001
2002
2003
2004
2005
2006
2007
-82.5
2009 -3.3
2008
2010 -47.6
2011
2001
2002
2003
2004
2005
2006
2007
–18.3
2009
2010
2011
-58.9
-223.2
-1339.0
-1940.6
-3117.9
All profits and losses indicated in millions of dollars
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All profits and losses indicated in millions of dollars
canadianunderwriter.ca CANADIAN UNDERWRITER STATISTICAL ISSUE 2012
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7” x 10”
Proof - Final-2
Date: 17-04-2012 12-05-25 9:10 AM
‘WHAT IFS’ AND WILDCARDS Glenn McGillivray
Modestly improved industry results in 2011 over 2010 continue to mask underlying weakness and blur potential pitfalls in near-term industry performance
Managing Director, Institute for Catastrophic Loss Reduction
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AXIS Canadian Underwriter 2012 PRESS.pdf
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COVER STORY
‘What Ifs’ and Wildcards
O
ne of the fundamental bases underfooting the concept of ‘cautious optimism’ involves grasping the notion that ‘things aren’t always what they seem.’ Sure, one could look at 2011 Canadian property and casualty industry results in a vacuum and conclude that the industry is forging ahead nicely and that things bode well for the future.
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Such a take can certainly be seen as at least partly accurate. But to seasoned industry participants and the handful of hardcore industry analysts out there, 2011 industry stats need to be looked at with a critical eye and taken with at least a couple of grains of salt. On one hand, there are several ‘what-ifs’ that could easily go one way or another, with Ontario auto
BI claims and future draw-downs of reserves being just two areas that need to be watched closely. On the other hand there are wildcards, like large natural catastrophes, that can rear up and bite the industry at any time. THE NUMBERS According to Insurance Bureau of Canada, “The industry’s return on equity (ROE) rose slightly in 2011 to 8.0%, a modest improvement over 2010’s ROE of 7.5%” (based on MSA data). “Direct premiums written increased, but at a slower pace than in 2010 – 4.4% compared to 5.5% which is not surprising given the economic environment. Claims increased by 3.6%, which is less than the premium increase noted above. We can attribute this to the significant decline in auto claims following the [Ontario auto] reforms introduced in late 2010. On the other hand, property claims costs took a big jump, by 19.3% in personal property and
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COVER STORY
‘What Ifs’ and Wildcards
32.6% in commercial property, driven by severe weather and natural catastrophic events,” says IBC’s Gregor Robinson in the April 2012 issue of Canadian Underwriter (“Keeping a Steady Hand on the Tiller”, page 44).
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“Overall, the industry reported positive underwriting income of $587 million compared to a loss of $89 million in 2010. About 46% of companies reported an increase in underwriting income year over year,” says Robinson.
In MSA’s assessment of 2011 industry performance, Joel Baker writes: “CAT losses aside, most of urban Canada enjoyed a mild year which acted as a buffer, lowering non-CAT property losses and substantially
canadianunderwriter.ca CANADIAN UNDERWRITER STATISTICAL ISSUE 2012
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“ …all sectors of the industry experienced various degrees of underwriting loss on a 2011 accidentyear basis.” benefiting auto results. Indeed, the improvement in auto results, primarily in the troubled Ontario market, offset the property losses and helped personal lines writers (as a group) lower their net loss ratios by 3 points thereby narrowing their underwriting losses substantially over 2010. Commercial writers and reinsurers, on the other hand, saw their loss ratios deteriorate by 2 and 9 points respectively, resulting in a flat overall industry result showing a very narrow underwriting gain of $368 million in 2011 on $45.5 billion of NPE.” He notes: “Despite murmuring and twitching indicating firming. We don’t believe a turn in the commercial market has happened or is imminent despite the low interest rate environment and the diminishing returns. This is largely because capital levels among commercial writers in Canada remain stubbornly high. Not enough pain, so no gain.” According to PACICC (the Property and Casualty Insurance Compensation Corporation) in its 2011 annual report, “Overall, industry underwriting profitability remained steady in 2011 with a loss ratio of 70.5% compared to 70.7% in 2010. However, there were significant changes in profitability in many major markets. In particular, the 2010 auto insurance reforms made by the Government of Ontario significantly reduced losses for the auto product. The improvement in auto insurance was, however, offset by increased claims costs in both personal and commercial property. Together with improvements in
investment income, industry profitability remained steady in 2011.” While Baker reports that “…all sectors of the industry experienced various degrees of underwriting loss on a 2011 accident-year basis,” he notes that favourable development “reduced the losses and put some sectors (commercial and reinsurers) into
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CANADIAN UNDERWRITER STATISTICAL ISSUE 2012
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underwriting profit on a calendar year basis.” He does warn, however, that reserve releases are slowing down, indicating that “…reserve releases reduced the industry’s combined ratio by 10 points in 2011, the lowest benefit since 2005.” When asked to comment on prior year reserve releases for last year’s
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COVER STORY
‘What Ifs’ and Wildcards
“ …results improved only in Ontario where the direct auto loss ratio dropped by 18.5 points following a disastrous 2010.” Statistical Issue, Baker said “Reserve releases over the past two years [2010 and 2009] have ranged between 2 to 5 per cent of outstanding provisions depending on the sectors (commercial or personal). While still favorable, these releases pale in comparison with those of 2008 and some earlier years where they approached 10 per cent. There might be juice in the tank, but not as much as before.” Of the favourable development for 2011, he explains “When investment income backing reserves is excluded, the reduction to the combined ratio in 2011 was only 3 points, about the same as in the past two years. Favorable development has to come to a halt and turn into the adverse variety to influence firming in commercial pricing.” Providing a brief analysis by line, Baker reports that personal property loss ratios increased 6.4 points yearover-year on a national basis while commercial loss ratios increased 14.8%: “Commercial property loss ratio deterioration afflicted much of the country, while personal property deterioration was most pronounced in Alberta (up 40 points!),” according to Baker. On homeowners, PACICC reports that “For the past five years the homeowners’ insurance line has been a very stable product, with associated solvency risks being low. This remains true in most parts of the country. 22
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However, at current interest rates, 2011 underwriting results indicate that several markets are approaching break-even status.” New Brunswick, says PACICC, represents an important exception: “It appears that underwriting results in the New Brunswick homeowners’ insurance market is not sustainable. The average loss ratio for homeowners insurance in the province for the past five years has been 99.8%. A sustained high loss ratio would likely erode the capital base of insurers operating in this market.” Of the auto line, Baker reports that “results improved only in Ontario where the direct auto loss ratio dropped by 18.5 points following a disastrous 2010. However…that improvement does not automatically
indicate that Ontario’s auto woes are over.” In his Quarterly Outlook Report for Q4-2001, Baker cautions in a separate piece on auto: “Results in 2011 look better – however, they are still nothing to brag about. AB direct loss ratios plummeted to slightly over 76%, bringing the overall Ontario DLR down with it to 81%. 81% is still a far cry from providing insurers an underwriting profit on this line. Further, third-party liability – or Bodily Injury (BI) losses continued to climb cracking 91% and boding ill for 2012.” “The most striking revelation,” he warns, “is that the industry (and most participants) released large volumes of reserves backing accident benefits – in total, juicing the AB loss ratio
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COVER STORY
‘What Ifs’ and Wildcards
“ …On an accident-year basis, the industry experienced a 73.7% net loss ratio, ‘clearly flirting with an underwriting loss once the expense ratio is added on.’ ”
by 20 points on the net AB loss ratio. So, excluding those reserve releases would bring the 2011 accident-year DLR for Ontario AB nearer to 100%.” PACICC expresses concerns of its own: “Ontario auto insurance…has been a source of significant concern since 2007. In 2010, the government enacted reforms to the accident benefit portion of the Ontario auto insurance product…An important source of solvency risk for PACICC is the sustainability of these reforms. The Ontario Court of Appeal’s decision to allow claimants to combine psychological injuries with physical when determining catastrophic impairment could increase claims costs. In addition, there are thousands of cases seeking mediation and these outcomes could further increase claims costs. It is not clear from public data if insurers are adequately reserving for these potential cost pressures.” 24
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As to auto in other provinces, “the only other province with worrisome auto results was Newfoundland where the loss ratio jumped 11 points to around 77,” says Baker. PACICC notes that “In Alberta, the Auto Insurance Rate Board’s annual industry-wide rate adjustment process may affect solvency risk because it forces all companies in the province to adjust risks based on the industry average results instead of their company experience. This type of rate regulation has not yet impacted the solvency of insurers operating in the province due to a stable claims environment. Auto insurance markets in Atlantic Canada and Quebec appear profitable and stable at this time with little solvency risk.” Casualty/liability results deteriorated 3.6 points on a Canada-wide basis, according to Baker. On an accidentyear basis, the industry experienced a
73.7% net loss ratio, “clearly flirting with an underwriting loss once the expense ratio is added on.” THE REINSURANCE SIDE According to Don Callaghan, CEO of Guy Carpenter Canada in “After the losses” (Canadian Underwriter March 2012, page 28): “Given the catastrophic activity of 2011, both globally and locally, industry observers expected the reinsurance market to harden as of January 1, 2012. The surprise lay in the extent of the hardening and the degree in which capacity was reduced.” Callaghan writes: “noteworthy characteristics of the major catastrophic events of 2011 are as follows: Earthquake (with tsunami) frequency and severity was sufficient to remind reinsurers that Canada is subject to major quakes on the West Coast, in Quebec and in zones where
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COVER STORY
‘What Ifs’ and Wildcards
faults have not yet been identified; Canada is a non-peak zone. As such, it delivers insufficient premium to cover potentially severe catastrophe losses; CBI (contingent business interruption) coverage has not been sufficiently modeled or adequately priced; Events occurring late in the year, particularly the Thailand floods globally and the Calgary windstorm locally, set the treaty quote process back by at least two weeks; and, Canadian mini-cat ($10 million plus) frequency was higher than it has ever been, with harsh implications for cat aggregate contracts.” “Given these caveats, I can report that our average client probable maximum loss exposure grew by 17%. Average catastrophe limits increased from $660 million to just over $800 million. Top layer rates on line moved up 12%, whereas
program rates on line were 6% higher than a year earlier. Catastrophe aggregate excess of loss, risk and attachment adjusted, were up more than 50%. Overall, our catastrophe clients spent 28% more, keeping in mind that they also purchased more reinsurance,” says Callaghan. On the facultative casualty side, as observed by one facultative casualty underwriter: “In the first quarter of 2012 we saw some slight upward movement in rates and premiums on casualty business, although most accounts were being renewed at as is rates with only a small number garnering any significant rate increases. Some business was still being renewed with rate decreases. The Canadian casualty market remains soft and very competitive with abundant capacity available. There is anecdotal evidence that the U.S. casualty market started to tighten
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“ …my sense is a slightly firmer market in Canada in 2012 compared to 2011 and a hard market in 2013/2014.” in the first quarter 2012 with rate increases of up to 5%. However, from my recent conversations with colleagues in our U.S. offices they advised that roughly half their accounts were renewed at as is rates and half got rate increases of up to 5% and, like here, several companies talk about getting rate increases, but don’t always do so. The Canadian market tends to lag behind the U.S. market by 6 to 12 months, so assuming the U.S. market does continue to tighten in 2012 then the Canadian market may follow suit in 2013 and more so in 2014, by which time we could be in the midst of a hard market. Most automobile/casualty treaties in Canada were renewed as is at 1/1/2012. There were price increases on some per risk property and most catastrophe treaties, following the dismal year in 2011 for the insurance industry’s results with an upward spike in natural catastrophe losses around the world in 2011. So the lack of price increases on casualty treaties means that there is no push to increase rates coming from the treaty side in 2012. Again, my sense is a slightly firmer market in Canada in 2012 compared to 2011 and a hard market in 2013/2014. Based on past cycles the hard market may last up to 18 months and I don’t think there will be as much hardening as we saw in prior hard markets, such as in the mid nineties.” IN THE COURTS In the February/March 2012 issue of Claims Canada Magazine,
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COVER STORY
‘What Ifs’ and Wildcards
“ …several of the cases noted in Dunn’s 2011 top ten saw insurers’ coverage refusals reversed by the court, and a few saw lower court decisions overturned by higher courts.”
Christopher Dunn of Dutton Brock, LLP once again provided a very useful and concise run-down of the top ten coverage decisions from 2011 of interest to insurers. As he begins, “The Ontario Court of Appeal was particularly busy this past year, while the Supreme Court of Canada rested a little in the wake of Progressive Homes v. Lombard in late 2010.” Dunn’s Top Ten include: 1) Cabell v. Personal Insurance Co. (Feb. 8, 2011, Ontario Court of Appeal) - Homeowner’s property 2) Pietrangelo v. Gore Mutual Life Insurance Co. (Feb. 23, 2011, Ontario Court of Appeal) - Homeowner’s property insurance 3) Bulldog Bag v. AXA Pacific Insurance Co. (Apr. 12, 2011, British Columbia Court of Appeal) Commercial General Liability 4) ING Insurance Co. of Canada v. Miracle (Apr. 26, 2011, Ontario Court of Appeal) - Commercial General Liability 5) Maccaroni v. Kelly (May 30, 2011, Ontario Court of Appeal) Auto Liability — OPCF 44R 28
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6) Saskatchewan Government Insurance v. Patricia Hotel (1973) Ltd. (Jun. 20, 2011, Saskatchewan Court of Appeal) - Commercial General Liability 7) Mahoney v. Cumis Life Insurance Co. (Mar. 30, 2011, Nova Scotia Court of Appeal) - Accident and Sickness 8) Swailes v. Insurance Corp. of British Columbia (Mar. 2, 2011, British Columbia Court of Appeal) Automobile property insurance 9) Onex Corp. v. American Home Assurance Co. (Jun. 30, 2011, Ontario Court of Appeal) - Directors and Officers Liability 10) Lancer Enterprises Ltd. v. Saskatchewan Government Insurance (Mar. 9, 2011, Saskatchewan Court of Appeal) - All-risks property
While in 2010, there was a clear common thread weaving through a good half of the top ten cases then cited by Dutton (i.e. the problem of improper or poor policy wordings), a common thread for 2011 is not as clear. One may, however, point out that several of the cases noted in Dunn’s 2011 top ten saw insurers’ coverage refusals reversed by the court, and a few saw lower court decisions overturned by higher courts. The full article can be viewed at http://bit.ly/dunn1012. NATURAL CATASTROPHES When hurricanes Katrina, Rita and Wilma (KRW) teamed up to trigger massive economic and insured damage in the United States in 2005,
canadianunderwriter.ca CANADIAN UNDERWRITER STATISTICAL ISSUE 2012
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“ …Canada, while avoiding a human toll, was not spared economically - with the Slave Lake, Alberta fire in May, Alberta storms in July, the Goderich tornado in August and back to Alberta in November.” many believed that those records would stand for many years – if not decades – to come. Yet just seven years later, the record insured loss events of 2005 have been exceeded (according to Munich Re) or, at the very least, very closely rivalled (according to Swiss Re). According to Munich Re, 2011 goes down as the costliest year ever in terms of natural catastrophe losses, for both economic damage (USD 380 billion vs. USD 220 billion in 2005) and insured damage (USD 105 billion versus USD 101 billion in 2005). Swiss Re puts the year down as the most expensive from an economic loss perspective (USD 370 billion) and the second most expensive from an insured loss perspective (USD 110 billion). Interesting to note is that while the three hurricanes in 2005 themselves triggered the lion’s share of insured losses recorded that year (more than USD 100 billion according to Swiss Re); 2011 could go down as what is colloquially referred to as a ‘kitchen sink’ year, with a wide variety of different kinds of catastrophes contributing to the overall toll. While it is very true that earthquake caused a large proportion of the losses in 2011 (the Tohoku event alone contributed about USD 35 billion to the insured damage toll and the New Zealand event USD 12 billion); record flooding in Thailand and Australia
added USD 12 billion and USD 2.25 billion respectively; a major outbreak of tornadoes in the U.S. added USD 14 billion; and Hurricane Irene added USD 5.3 billion (Swiss Re). A number of other, much smaller events (175 in total) rounded out the total. Closer to home, as noted by Joel Baker “Canada, while avoiding a
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human toll, was not spared economically - with the Slave Lake, Alberta fire in May, Alberta storms in July, the Goderich tornado in August and back to Alberta in November.” Of the late-year windstorm in Alberta, Guy Carpenter’s Callaghan notes: “Despite its lower quantum… [the storm] seemed to shake the market
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How The Private Companies Rank (Total Business) N.P.W. (Excluding Life & Purely A&S Companies)
% of Market 1. 2. 3. 4. 5. 6. 7. 8. 9. 10. 11. 12. 13. 14. 15. 16. 17. 18. 19. 20. 21. 22. 23. 24. 25. 26. 27. 28. 29. 30. 31. 32. 33. 34. 35. 36. 37. 38. 39. 40. 41. 42. 43. 44. 45. 46. 47. 48. 49. 50. 51. 52. 53. 54. 55.
Intact Financial Corporation....................... 11.06 Aviva Canada Inc......................................... 8.39 TD Insurance General.................................. 6.42 RSA Canada Group..................................... 6.02 Co–operators General Insurance Co........... 5.68 Lloyd’s Underwriters.................................... 5.62 Wawanesa Mutual Insurance....................... 5.10 State Farm Insurance Company.................. 4.92 Desjardins General Insurance Group........... 4.59 The Economical Insurance Group............... 4.16 The Dominion Of Canada............................ 3.09 Northbridge Financial Corporation.............. 2.77 Allstate Insurance Co of Canada................. 2.40 Zurich Insurance Company Ltd................... 1.66 Chubb Insurance Co of Canada.................. 1.57 Chartis Insurance Co of Canada.................. 1.43 RBC General Insurance............................... 1.35 Ontario Mutual Insurance............................ 1.32 La Capitale Assurances Gen Inc.................. 1.28 SGI Canada Group...................................... 1.21 RBC Insurance Company Of Canada.......... 1.03 Jevco Insurance Company.......................... 0.85 Travelers Canada......................................... 0.76 Gore Mutual Insurance Company................ 0.75 Guarantee Company Of North America....... 0.70 Munich Reinsurance Cda Group................. 0.69 Alberta Motor Association........................... 0.64 CNA Canada................................................ 0.62 Factory Mutual Insurance Company............ 0.61 Industrielle Alliance Compagnie.................. 0.56 ACE INA Insurance..................................... 0.54 SSQ, Societe D’Assurances Generales....... 0.54 Portage La Prairie Mutual............................ 0.47 FCT.............................................................. 0.43 CAA Insurance Company (Ontario)............. 0.43 Allianz Global Risks US................................ 0.43 SCOR Canada Reinsurance........................ 0.40 Pembridge Insurance Company.................. 0.40 Everest Reinsurance Company................... 0.39 Echelon General Insurance.......................... 0.39 Swiss Reinsurance Group........................... 0.39 Hannover Ruckversicherung AG.................. 0.35 Motors Insurance Corporation..................... 0.34 L’Unique Assurances Generales.................. 0.31 Liberty Mutual Insurance............................. 0.31 Canadian Direct Insurance.......................... 0.31 Farm Mutual Reinsurance Plan.................... 0.30 Peace Hills General Insurance..................... 0.29 Transatlantic Reinsurance........................... 0.29 Promutuel Reassurance............................... 0.28 Partner Reinsurance Company of the U.S... 0.28 Lawyers’ Professional Indemnity................. 0.28 Unica Insurance........................................... 0.27 Boiler Inspection & Insurance Company..... 0.26 Pafco Insurance Company.......................... 0.25
2011 N.P.W.
2010 N.P.W.
4,340,614,000 3,291,024,000 2,519,036,000 2,360,019,000 2,229,026,000 2,206,620,000 2,002,286,000 1,931,286,000 1,801,808,000 1,630,836,000 1,210,921,000 1,085,923,000 941,720,000 649,716,000 615,310,000 562,336,000 528,837,000 519,070,000 500,498,000 476,488,000 403,888,000 333,361,000 298,192,000 296,142,000 273,811,000 270,977,000 251,083,000 244,604,000 239,090,000 218,527,000 210,713,000 210,240,000 183,883,000 169,145,000 168,742,000 167,156,000 157,280,000 155,018,000 154,352,000 152,585,000 152,279,000 138,874,000 134,752,000 123,386,000 122,119,000 120,772,000 119,007,000 111,919,000 111,894,000 110,921,000 110,005,000 109,784,000 107,126,000 101,502,000 99,320,000
4,352,337,000 3,132,910,000 2,323,947,000 1,981,181,000 2,131,290,000 1,959,781,000 1,883,107,000 1,937,320,000 1,618,806,000 1,626,378,000 1,214,959,000 1,007,728,000 618,365,000 651,336,000 598,135,000 586,596,000 476,188,000 480,446,000 448,792,000 434,508,000 361,683,000 311,924,000 309,697,000 280,858,000 266,641,000 291,363,000 241,770,000 236,489,000 249,786,000 151,461,000 208,123,000 172,356,000 165,777,000 132,734,000 145,862,000 169,676,000 156,186,000 136,395,000 154,699,000 135,324,000 152,062,000 118,613,000 136,151,000 111,782,000 117,575,000 115,505,000 116,566,000 112,343,000 118,055,000 114,108,000 102,301,000 0 137,598,000 95,944,000 77,415,000
% Change –0.27 5.05 8.39 19.12 4.59 12.60 6.33 –0.31 11.30 0.27 –0.33 7.76 52.29 –0.25 2.87 –4.14 11.06 8.04 11.52 9.66 11.67 6.87 –3.71 5.44 2.69 –7.00 3.85 3.43 –4.28 44.28 1.24 21.98 10.92 27.43 15.69 –1.49 0.70 13.65 –0.22 12.76 0.14 17.08 –1.03 10.38 3.86 4.56 2.09 –0.38 –5.22 –2.79 7.53 0.00 –22.15 5.79 28.30
(Continued On Page 32) 30
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more than the Slave Lake event. This is partly because it happened so late in the year. Also, it caused damage that hadn’t really been seen before — like glass blowing out of downtown office towers.” “Property writers in Alberta did not have a happy year,” says Baker. “It is also worth mentioning that, even if the Slave Lake fire is excluded, Canadian CAT losses in 2011 outstripped those of 2010.” The Slave Lake fire is fascinating on a few fronts. First, unlike the fires that ravaged British Columbia in 2003, the fire in Slave Lake did not come on the heals of a hot and tinder dry spring and summer (according to some reports, there was snow on the ground around Slave Lake a week prior to the fire). Rather, the conditions that came together to make that area rife for a big fire were just three days in the making. Just three days of low humidity combined with high wind gusts and an ignition source, and the fire took off. The Slave Lake fire highlights what any seasoned fireboss will tell you: that wildfire can happen at any time, almost anywhere, if the conditions are right. Second, the fire is fascinating for the insured damage it caused. Put
“ …Despite the loss, there are still challenges getting the Canadian insurance industry’s attention on wildfire risk.” in simple terms, the destruction of one-third of a town of 7,000 people located two hours north of Edmonton triggered $700 million in claims. This leads one to ask What if the fire consumed half, two-thirds or all of the town, or if fire got into Fort McMurray, as it almost did on one or two occasions last year? Third, despite costing $700 million,
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(Continued From Page 30)
How The Private Companies Rank (Total Business) N.P.W. (Excluding Life & Purely A&S Companies)
% of Market 56. Cumis General Insurance............................. 0.23 57. Affiliated FM Insurance Company................ 0.21 58. Stewart Title Guaranty Company................. 0.20 59. XL Insurance................................................ 0.19 60. North Waterloo Farmers Mutual.................. 0.18 61. Arch Insurance (Canada)............................. 0.18 62. Odyssey Reinsurance Company................. 0.17 63. Red River Mutual......................................... 0.17 64. XL Re America Inc – Cdn Branch................ 0.14 65. General Reinsurance Corp........................... 0.13 66. Caisse Centrale De Reassurance................ 0.13 67. Old Republic Insurance Company............... 0.13 68. Saskatchewan Mutual Insurance................. 0.12 69. Great American Insurance........................... 0.12 70. Grain Insurance & Guarantee....................... 0.12 71. Berkley Insurance Company........................ 0.10 72. Trisura Guarantee Insurance........................ 0.10 73. Toa Reinsurance Co of America.................. 0.10 74. Le Groupe Estrie–Richelieu.......................... 0.09 75. Ontario School Board’s Insurance............... 0.09 76. Mutual Fire Insurance Co of BC.................. 0.08 77. Co–operative Hail Ins Co Ltd....................... 0.08 78. Aspen Insurance UK Limited....................... 0.08 79. Triton Insurance........................................... 0.07 80. Tokio Marine & Nichido Fire......................... 0.06 81. Mitsui Sumitomo Insurance......................... 0.05 82. Omega General Insurance........................... 0.05 83. MAPFRE Re Compania De Re, S.A............. 0.04 84. Sirius America Insurance............................. 0.04 85. PEI Mutual Insurance Company.................. 0.04 86. Federal Insurance Company........................ 0.04 87. Legacy General Insurance........................... 0.04 88. Munich Reinsurance America, Inc............... 0.03 89. Western Surety Company............................ 0.03 90. Hartford Fire Insurance................................ 0.03 91. Euler Hermes American Credit.................... 0.03 92. The Mearie Group........................................ 0.02 93. Mennonite Mutual Fire Insurance................ 0.02 94. American Road Insurance Company........... 0.02 95. Kings Mutual Insurance Company............... 0.02 96. Pacific Coast Fishermen’s Mutual............... 0.02 97. Sompo Japan Insurance Inc........................ 0.01 98. Everest Insurance Co of Canada................. 0.01 99. Atradius Credit Insurance N.V..................... 0.01 100. Fundy Mutual Insurance.............................. 0.01 101. Nipponkoa Insurance Co Ltd....................... 0.00 102. Clare Mutual Insurance Company............... 0.00 103. T.H.E. Insurance Company.......................... 0.00 104. Alea (Bermuda) Ltd...................................... 0.00 105. Corepoint Insurance.................................... 0.00 106. Hanover Insurance Company...................... 0.00 107. Endurance Reinsurance Corp America........ 0.00 108. Lumbermen’s Underwriting Alliance.......... –0.01
TOTALS 32
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2011 N.P.W. 91,975,000 82,822,000 79,852,000 73,717,000 70,695,000 69,286,000 65,677,000 64,737,000 56,657,000 50,408,000 50,183,000 49,764,000 47,508,000 46,810,000 45,863,000 40,767,000 39,531,000 39,341,000 36,278,000 34,832,000 32,802,000 31,537,000 30,810,000 25,514,000 25,460,000 20,739,000 18,437,000 16,770,000 15,526,000 14,819,000 14,026,000 13,893,000 13,354,000 13,340,000 12,668,000 11,980,000 6,772,000 6,472,000 6,470,000 6,371,000 6,070,000 5,103,000 4,817,000 4,010,000 2,306,000 1,151,000 994,000 88,000 4,000 –86,000 –400,000 –1,490,000 –3,177,000
2010 N.P.W. 104,008,000 76,948,000 75,971,000 86,536,000 61,030,000 53,806,000 62,137,000 57,144,000 67,687,000 56,301,000 47,990,000 45,920,000 43,012,000 20,073,000 42,427,000 25,830,000 31,978,000 35,832,000 35,847,000 33,131,000 25,186,000 33,491,000 49,252,000 8,972,000 26,081,000 21,868,000 14,568,000 15,760,000 14,279,000 13,758,000 0 29,288,000 13,954,000 13,910,000 12,935,000 11,128,000 4,846,000 6,058,000 5,886,000 6,087,000 5,916,000 5,968,000 0 0 2,167,000 1,015,000 944,000 88,000 22,000 0 0 16,000 27,570,000
39,229,676,000 36,803,553,000
% Change –11.57 7.63 5.11 –14.81 15.84 28.77 5.70 13.29 –16.30 –10.47 4.57 8.37 10.45 133.20 8.10 57.83 23.62 9.79 1.20 5.13 30.24 –5.83 –37.44 184.37 –2.38 –5.16 26.56 6.41 8.73 7.71 0.00 –52.56 –4.30 –4.10 –2.06 7.66 39.74 6.83 9.92 4.67 2.60 –14.49 0.00 0.00 6.41 13.40 5.30 0.00 –81.82 0.00 0.00 –9,412.50 –111.52
representing the most expensive wildfire and the second most expensive natural catastrophe in Canadian history, insurers appear – at least on the outside – as being quite nonchalant about the loss, and about wildfire risk in general. Despite the loss, there are still challenges getting the Canadian insurance industry’s attention on wildfire risk. This, despite the fact that Canada is one of the most forested countries in the world, and population growth in the wildland/ urban interface (WUI) continues at an accelerated pace. INDUSTRY ISSUES AND LOOKING FORWARD MSA’s Baker sees five main issues to keep an eye on this year and beyond: Ontario auto; Merger and Acquisition (M&A) activity (indeed, at writing, Intact announced its $530 million
“ …While ROE remains below levels of the past, there are reasons for optimism.” acquisition of JEVCO); Natural catastrophe trends; How companies will address declining investment returns; and, how changes to the regulatory minimum capital test (MCT) pan out. Of this last point, PACICC explains: “Changes made by the Office of the Superintendent of Financial Institutions (OSFI) to its Minimum Capital Test (MCT) and Branch Asset Adequacy Test (BAAT) came into effect January 1, 2012. The intention of the changes was to make these tests more risk-based and to bring greater consistency with other financial institutions. OSFI also notified insurers that they plan to implement an additional margin for foreign exchange risk in 2013. These changes should reduce solvency risk for insurers operating in Canada.” “In addition, in 2011 the Canadian Council of Insurance Regulators established a Solvency Working Group that
canadianunderwriter.ca CANADIAN UNDERWRITER STATISTICAL ISSUE 2012
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will provide a forum for provincial regulators to discuss their solvency issues. PACICC welcomes the opportunity to work with the CCIR members to further reduce solvency risks at provincially regulated entities.” On the financial performance side, IBC’s Robinson comments: “While ROE remains below levels of the past, there are reasons for optimism. The last three years have seen slow but steady improvements in underwriting performance, ROE and capital. Looking two to three years out, most forecasters expect economic growth in North America to improve. Eventually interest rates will rise. The skills that firms have developed over the past few years in managing in a low interest rate environment and improving underwriting should stand them in good stead in the years ahead.” Much will depend, of course, on the ‘what-ifs’ and wildcards.
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33
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Companies (Total Business) N.P.W. - By Company Name Company
% Market
2011 N.P.W.
ACE INA Insurance....................................... 0.54 210,713,000 Affiliated FM Insurance Company.................. 0.21 82,822,000 Alberta Motor Association............................. 0.64 251,083,000 Alea (Bermuda) Ltd........................................ 0.00 4,000 Allianz Global Risks US.................................. 0.43 167,156,000 Allstate Insurance Co of Canada................... 2.40 941,720,000 American Road Insurance Company............. 0.02 6,470,000 Arch Insurance (Canada)................................ 0.18 69,286,000 Aspen Insurance UK Limited......................... 0.08 30,810,000 Atradius Credit Insurance N.V........................ 0.01 4,010,000 Aviva Canada Inc........................................... 8.39 3,291,024,000 Berkley Insurance Company.......................... 0.10 40,767,000 Boiler Inspection & Insurance Company........ 0.26 101,502,000 CAA Insurance Company (Ontario)............... 0.43 168,742,000 Caisse Centrale De Reassurance.................. 0.13 50,183,000 Canadian Direct Insurance............................. 0.31 120,772,000 Chartis Insurance Co of Canada.................... 1.43 562,336,000 Chubb Insurance Co of Canada.................... 1.57 615,310,000 Clare Mutual Insurance Company................. 0.00 994,000 CNA Canada.................................................. 0.62 244,604,000 Co–operative Hail Ins Co Ltd......................... 0.08 31,537,000 Co–operators General Insurance Company.. 5.68 2,229,026,000 Corepoint Insurance....................................... 0.00 –86,000 Cumis General Insurance............................... 0.23 91,975,000 Desjardins General Insurance Group............. 4.59 1,801,808,000 The Dominion Of Canada............................... 3.09 1,210,921,000 Echelon General Insurance............................ 0.39 152,585,000 The Economical Insurance Group.................. 4.16 1,630,836,000 Endurance Reinsurance Corp America.......... 0.00 –1,490,000 Euler Hermes American Credit....................... 0.03 11,980,000 Everest Insurance Co of Canada................... 0.01 4,817,000 Everest Reinsurance Company...................... 0.39 154,352,000 Factory Mutual Insurance Company.............. 0.61 239,090,000 Farm Mutual Reinsurance Plan...................... 0.30 119,007,000 FCT . ..................................................................0.43 169,145,000 Federal Insurance Company.......................... 0.04 14,026,000 Fundy Mutual Insurance................................ 0.01 2,306,000 General Reinsurance Corp............................. 0.13 50,408,000 Gore Mutual Insurance Company.................. 0.75 296,142,000 Grain Insurance & Guarantee......................... 0.12 45,863,000 Great American Insurance............................. 0.12 46,810,000 Guarantee Company Of North America......... 0.70 273,811,000 Hannover Ruckversicherung AG.................... 0.35 138,874,000 Hanover Insurance Company........................ 0.00 –400,000 Hartford Fire Insurance.................................. 0.03 12,668,000 Industrielle Alliance Compagnie..................... 0.56 218,527,000 Intact Financial Corporation........................... 11.06 4,340,614,000 Jevco Insurance Company............................ 0.85 333,361,000 Kings Mutual Insurance Company................. 0.02 6,371,000 La Capitale Assurances Gen Inc.................... 1.28 500,498,000 Lawyers’ Professional Indemnity................... 0.28 109,784,000 Le Groupe Estrie–Richelieu............................ 0.09 36,278,000 Legacy General Insurance............................. 0.04 13,893,000 Liberty Mutual Insurance............................... 0.31 122,119,000 Lloyd’s Underwriters...................................... 5.62 2,206,620,000
34
p 034, 35 Alpha NPW 2012.indd 34
Company
% Market
2011 N.P.W.
Lumbermen’s Underwriting Alliance.............. –0.01 –3,177,000 L’Unique Assurances Generales.................... 0.31 123,386,000 MAPFRE Re Compania De Re, S.A............... 0.04 16,770,000 The Mearie Group.......................................... 0.02 6,772,000 Mennonite Mutual Fire Insurance.................. 0.02 6,472,000 Mitsui Sumitomo Insurance........................... 0.05 20,739,000 Motors Insurance Corporation....................... 0.34 134,752,000 Munich Reinsurance America, Inc................. 0.03 13,354,000 Munich Reinsurance Cda Group.................... 0.69 270,977,000 Mutual Fire Insurance Co of BC..................... 0.08 32,802,000 Nipponkoa Insurance Co Ltd......................... 0.00 1,151,000 North Waterloo Farmers Mutual..................... 0.18 70,695,000 Northbridge Financial Corporation................ 2.77 1,085,923,000 Odyssey Reinsurance Company.................... 0.17 65,677,000 Old Republic Insurance Company................. 0.13 49,764,000 Omega General Insurance............................. 0.05 18,437,000 Ontario Mutual Insurance............................... 1.32 519,070,000 Ontario School Board’s Insurance................. 0.09 34,832,000 PEI Mutual Insurance Company.................... 0.04 14,819,000 Pacific Coast Fishermen’s Mutual Marine..... 0.02 6,070,000 Pafco Insurance Company............................. 0.25 99,320,000 Partner Reinsurance Company of the U.S..... 0.28 110,005,000 Peace Hills General Insurance....................... 0.29 111,919,000 Pembridge Insurance Company.................... 0.40 155,018,000 Portage La Prairie Mutual.............................. 0.47 183,883,000 Promutuel Reassurance................................. 0.28 110,921,000 RBC General Insurance................................. 1.35 528,837,000 RBC Insurance Company Of Canada............ 1.03 403,888,000 Red River Mutual........................................... 0.17 64,737,000 RSA Canada Group....................................... 6.02 2,360,019,000 Saskatchewan Mutual Insurance................... 0.12 47,508,000 SCOR Canada Reinsurance........................... 0.40 157,280,000 SGI Canada Group......................................... 1.21 476,488,000 Sirius America Insurance............................... 0.04 15,526,000 Sompo Japan Insurance Inc.......................... 0.01 5,103,000 SSQ, Societe D’Assurances Generales......... 0.54 210,240,000 State Farm Insurance Company.................... 4.92 1,931,286,000 Stewart Title Guaranty Company................... 0.20 79,852,000 Swiss Reinsurance Group.............................. 0.39 152,279,000 T.H.E. Insurance Company............................ 0.00 88,000 TD Insurance General.................................... 6.42 2,519,036,000 Toa Reinsurance Co of America.................... 0.10 39,341,000 Tokio Marine & Nichido Fire........................... 0.06 25,460,000 Transatlantic Reinsurance.............................. 0.29 111,894,000 Travelers Canada........................................... 0.76 298,192,000 Trisura Guarantee Insurance.......................... 0.10 39,531,000 Triton Insurance............................................. 0.07 25,514,000 Unica Insurance............................................. 0.27 107,126,000 Wawanesa Mutual Insurance......................... 5.10 2,002,286,000 Western Surety Company.............................. 0.03 13,340,000 XL Insurance.................................................. 0.19 73,717,000 XL Re America Inc – Cdn Branch.................. 0.14 56,657,000 Zurich Insurance Company Ltd..................... 1.66 649,716,000 TOTALS......................................................... 39,229,676,000
canadianunderwriter.ca CANADIAN UNDERWRITER STATISTICAL ISSUE 2012
12-05-25 9:12 AM
How The Private Companies Rank (Property) N.P.W.
% Market
2011 N.P.W.
% Market
2011 N.P.W.
1.
Intact Financial Corporation................. 11.55 1,549,405,000
49. Unica Insurance...................................
0.26
35,190,000
2.
Aviva Canada Inc.................................
8.00 1,073,844,000
50. Grain Insurance & Guarantee...............
0.26
34,409,000
3.
Lloyd’s Underwriters............................
7.34
985,036,000
51. North Waterloo Farmers Mutual...........
0.25
34,158,000
4.
Co–operators General Insurance Co....
6.81
913,866,000
52. Saskatchewan Mutual Insurance.........
0.25
33,285,000
5.
Wawanesa Mutual Insurance...............
6.04
809,666,000
53. Arch Insurance (Canada)......................
0.24
32,800,000
6.
RSA Canada Group..............................
5.91
793,026,000
54. Pembridge Insurance Company..........
0.24
32,274,000
7.
TD Insurance General...........................
5.07
680,608,000
55. Canadian Direct Insurance...................
0.24
31,661,000
8.
Desjardins General Insurance Group...
4.58
614,860,000
56. Le Groupe Estrie–Richelieu..................
0.23
31,037,000
9.
The Economical Insurance Group........
4.44
596,000,000
57. Mutual Fire Insurance Co of BC...........
0.23
30,819,000
10. State Farm Insurance Company..........
3.40
455,939,000
58. CAA Insurance Company (Ontario).....
0.19
25,519,000
11. Northbridge Financial Corporation.......
2.81
377,077,000
59. Liberty Mutual Insurance......................
0.19
25,357,000
12. The Dominion Of Canada.....................
2.65
355,798,000
60. XL Re America Inc – Cdn Branch.........
0.18
24,171,000
13. Chubb Insurance Co of Canada..........
2.05
275,400,000
61. Jevco Insurance Company..................
0.17
22,817,000
14. Ontario Mutual Insurance.....................
2.02
270,412,000
62. Great American Insurance....................
0.13
17,856,000
15. Zurich Insurance Company Ltd............
1.78
238,560,000
63. Caisse Centrale De Reassurance.........
0.13
17,327,000
16. SGI Canada Group...............................
1.62
217,718,000
64. MAPFRE Re Compania De Re, S.A....
0.12
16,002,000
17. Allstate Insurance Co of Canada.........
1.60
214,115,000
65. Echelon General Insurance..................
0.10
13,625,000
18. Factory Mutual Insurance Company....
1.41
188,698,000
66. PEI Mutual Insurance Company...........
0.10
13,359,000
19. La Capitale Assurances Gen Inc..........
1.23
165,390,000
67. Omega General Insurance...................
0.10
13,201,000
20. Chartis Insurance Co of Canada..........
1.10
147,454,000
68. Sirius America Insurance......................
0.10
12,799,000
21. Munich Reinsurance Cda Group..........
0.89
119,121,000
69. XL Insurance........................................
0.10
12,753,000
22. Gore Mutual Insurance Company........
0.85
113,659,000
70. Toa Reinsurance Co of America..........
0.09
12,707,000
23. RBC General Insurance........................
0.82
109,737,000
71. Ontario School Board’s Insurance.......
0.09
11,649,000
24. SCOR Canada Reinsurance.................
0.82
109,411,000
72. Aspen Insurance UK Limited................
0.07
9,854,000
25. Swiss Reinsurance Group....................
0.66
88,426,000
73. Motors Insurance Corporation.............
0.07
9,181,000
26. Portage La Prairie Mutual.....................
0.61
82,291,000
74. Tokio Marine & Nichido Fire.................
0.06
7,432,000
27. Promutuel Reassurance.......................
0.61
82,031,000
75. Hartford Fire Insurance........................
0.06
7,383,000
28. Affiliated FM Insurance Company........
0.60
81,110,000
76. Triton Insurance...................................
0.05
6,952,000
29. Guarantee Co Of North America..........
0.57
76,691,000
77. Munich Reinsurance America, Inc.......
0.05
6,279,000
30. Allianz Global Risks US........................
0.53
70,971,000
78. Mitsui Sumitomo Insurance.................
0.04
5,987,000
31. SSQ, Societe D’Assurances Gen...........
0.50
66,769,000
79. Mennonite Mutual Fire Insurance.........
0.04
5,786,000
32. Industrielle Alliance Compagnie...........
0.48
64,025,000
80. Kings Mutual Insurance Company.......
0.04
5,449,000
33. Farm Mutual Reinsurance Plan............
0.47
62,885,000
81. Old Republic Insurance Company.......
0.04
5,005,000
34. Partner Reinsurance Co of the U.S.......
0.47
62,508,000
82. Boiler Inspection & Insurance Co.........
0.02
2,623,000
35. Red River Mutual..................................
0.46
62,178,000
83. Federal Insurance Company................
0.02
2,534,000
36. Transatlantic Reinsurance....................
0.46
61,857,000
84. Sompo Japan Insurance Inc................
0.02
2,468,000
37. Peace Hills General Insurance.............
0.46
61,176,000
85. Fundy Mutual Insurance.......................
0.02
2,242,000
38. Alberta Motor Association....................
0.42
56,464,000
86. Berkley Insurance Company................
0.01
1,504,000
39. Hannover Ruckversicherung AG..........
0.42
55,789,000
87. Clare Mutual Insurance Company........
0.01
903,000
40. ACE INA Insurance..............................
0.39
51,687,000
88. Everest Insurance Co of Canada.........
0.01
868,000
41. Travelers Canada.................................
0.38
51,167,000
89. Nipponkoa Insurance Co Ltd...............
0.00
504,000
42. CNA Canada........................................
0.37
49,499,000
90. The Mearie Group................................
0.00
471,000
43. L’Unique Assurances Generales..........
0.34
46,135,000
91. Legacy General Insurance...................
0.00
357,000
44. RBC Insurance Company Of Canada..
0.33
44,006,000
92. Trisura Guarantee Insurance................
0.00
103,000
45. Everest Reinsurance Company............
0.30
40,490,000
93. Alea (Bermuda) Ltd...............................
0.00
2,000
46. General Reinsurance Corp...................
0.27
36,518,000
94. Endurance Reinsurance Corp America..
0.00
–96,000
47. Odyssey Reinsurance Company..........
0.27
35,595,000
95. Lumbermen’s Underwriting Alliance.... –0.02
–3,177,000
48. Cumis General Insurance.....................
0.26
35,390,000
TOTAL..........................................................
36
p 036, 37 Rank Property 2012.indd 36
13,415,847,000
canadianunderwriter.ca CANADIAN UNDERWRITER STATISTICAL ISSUE 2012
12-05-25 9:13 AM
Property Damage Cost Control Consultants Providing Innovative Solutions to Control Property Claim Costs
National Coverage • Expertise • Consistency • Results DETAILED VALUATIONS LARGE LOSS SPECIALISTS LIABILITY SPECIFICATION & ACTUAL CASH VALUE (ACV) VALUATIONS INSURANCE TO VALUE APPRAISALS SPECIFICATION AND BID DOCUMENTS PROJECT CONSULTING & REVIEW CATASTROPHE VALUATION PROGRAMS CONFLICT RESOLUTION FILE AUDITS & REVIEWS APPRAISALS UNDER THE INSURANCE ACT Contact us today to further discover why we are acknowledged as Canada’s leading, independent property loss valuation and cost control professionals!
TOLL FREE: 1-877-907-7327 ext. 25 • eMail: info@specs.ca • www.specs.ca SPECS-MC7643-CC FINAL!1.indd 1 p 036, 37 Rank Property 2012.indd 37
17/02/11 11:33 AM 12-05-25 9:13 AM
How The Private Companies Rank (Automobile) N.P.W.
% Market
2011 N.P.W.
% Market
2011 N.P.W.
1. Intact Financial Corporation............... 13.49
2,591,841,000
43. Farm Mutual Reinsurance Plan.......... 0.19
36,211,000
2. TD Insurance General......................... 9.53
1,830,543,000
44. North Waterloo Farmers Mutual......... 0.17
32,295,000
3. Aviva Canada Inc............................... 9.29
1,785,195,000
45. SCOR Canada Reinsurance............... 0.16
31,488,000
4. State Farm Insurance Company........ 7.42
1,425,896,000
46. Lloyd’s Underwriters.......................... 0.15
29,146,000
5. RSA Canada Group............................ 6.19
1,190,087,000
47. Liberty Mutual Insurance.................... 0.14
27,407,000
6. Desjardins General Insurance Group. 6.05
1,163,291,000
48. Hannover Ruckversicherung AG........ 0.13
25,712,000
7. Wawanesa Mutual Insurance............. 6.02
1,156,845,000
49. Promutuel Reassurance..................... 0.13
24,056,000
8. Co–operators General Insurance Co.. 5.72
1,099,535,000
50. CNA Canada...................................... 0.12
22,749,000
9. The Economical Insurance Group...... 4.62
887,584,000
51. Transatlantic Reinsurance.................. 0.09
17,099,000
10. The Dominion Of Canada................... 4.01
770,106,000
52. Partner Reinsurance Co of the U.S.... 0.09
16,653,000
11. Allstate Insurance Co of Canada....... 3.79
727,605,000
53. Caisse Centrale De Reassurance....... 0.06
12,266,000
12. Northbridge Financial Corporation..... 2.45
469,869,000
54. Odyssey Reinsurance Company........ 0.06
11,616,000
13. RBC General Insurance...................... 2.17
416,996,000
55. Toa Reinsurance Co of America........ 0.05
10,366,000
14. La Capitale Assurances Gen Inc........ 1.66
319,026,000
56. Saskatchewan Mutual Insurance....... 0.05
9,316,000
15. Jevco Insurance Company................ 1.46
280,110,000
57. Arch Insurance (Canada).................... 0.05
9,041,000
16. SGI Canada Group............................. 1.14
218,511,000
58. General Reinsurance Corp................. 0.03
6,653,000
17. Ontario Mutual Insurance................... 1.09
210,349,000
59. American Road Insurance Company. 0.03
6,470,000
18. Alberta Motor Association.................. 1.01
193,579,000
60. Swiss Reinsurance Group.................. 0.03
6,446,000
19. Zurich Insurance Company Ltd.......... 0.90
171,993,000
61. Tokio Marine & Nichido Fire............... 0.03
5,747,000
20. Gore Mutual Insurance Company...... 0.85
162,382,000
62. Mitsui Sumitomo Insurance............... 0.02
3,820,000
21. Industrielle Alliance Compagnie......... 0.80
154,512,000
63. Sirius America Insurance.................... 0.01
1,960,000
22. SSQ, Societe D’Assurances Gen.......... 0.75
143,490,000
64. XL Re America Inc – Cdn Branch....... 0.01
1,889,000
23. CAA Insurance Company (Ontario)... 0.66
127,516,000
65. Aspen Insurance UK Limited.............. 0.01
1,736,000
24. Pembridge Insurance Company........ 0.64
122,744,000
66. Ontario School Board’s Insurance..... 0.01
1,301,000
25. Echelon General Insurance................ 0.63
121,631,000
67. Sompo Japan Insurance Inc.............. 0.01
969,000
26. RBC Insurance Co Of Canada........... 0.63
121,083,000
68. Federal Insurance Company.............. 0.00
939,000
27. Pafco Insurance Company................. 0.52
99,320,000
69. Munich Reinsurance America, Inc..... 0.00
919,000
28. Portage La Prairie Mutual................... 0.49
94,371,000
70. Hartford Fire Insurance...................... 0.00
824,000
29. Canadian Direct Insurance................. 0.46
87,702,000
71. Great American Insurance.................. 0.00
805,000
30. Guarantee Co Of North America........ 0.43
82,164,000
72. Le Groupe Estrie–Richelieu................ 0.00
730,000
31. Chubb Insurance Co of Canada........ 0.38
73,054,000
73. The Mearie Group.............................. 0.00
471,000
32. Motors Insurance Corporation........... 0.37
71,575,000
74. Nipponkoa Insurance Co Ltd............. 0.00
244,000
33. L’Unique Assurances Generales........ 0.37
71,515,000
75. Mennonite Mutual Fire Insurance....... 0.00
128,000
34. Unica Insurance................................. 0.35
66,585,000
76. Berkley Insurance Company.............. 0.00
123,000
35. Peace Hills General Insurance........... 0.26
50,743,000
77. XL Insurance...................................... 0.00
117,000
36. ACE INA Insurance............................ 0.26
50,127,000
78. Omega General Insurance................. 0.00
17,000
37. Travelers Canada............................... 0.24
46,347,000
79. T.H.E. Insurance Company................ 0.00
2,000
38. Everest Reinsurance Company.......... 0.22
42,962,000
80. Alea (Bermuda) Ltd............................. 0.00
–3,000
39. Old Republic Insurance Company..... 0.21
41,036,000
81. Endurance Re Corp America............. 0.00
–34,000
40. Cumis General Insurance................... 0.21
40,181,000
82. Corepoint Insurance........................... 0.00
–153,000
41. Chartis Insurance Co of Canada........ 0.21
39,399,000
83. Allianz Global Risks US...................... 0.00
–286,000
42. Munich Reinsurance Cda Group........ 0.20
38,802,000
38
p 038 Rank Auto 2012.indd 38
TOTAL
19,215,457,000
canadianunderwriter.ca CANADIAN UNDERWRITER STATISTICAL ISSUE 2012
12-05-25 9:13 AM
Confidence. Trust. Integrity.
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p 038 Rank Auto 2012.indd 39
12-05-25 9:13 AM
40
p 040,42,43 Gen Comp 2012.indd 40
canadianunderwriter.ca CANADIAN UNDERWRITER STATISTICAL ISSUE 2012
12-05-25 9:14 AM
11. 12.
13. 14.
15. 16.
17. 18.
19. 20.
21. 22.
23. 24.
25. 26.
27. 28.
29. 30.
31. 32.
33. 34.
7. 8.
5. 6.
9. 10.
3. 4.
1. 2.
210,240,000 183,883,000 169,145,000 168,742,000
FCT............................................................ CAA Insurance Company (Ontario)..........
218,527,000 210,713,000
244,604,000 239,090,000
273,811,000 251,083,000
298,192,000 296,142,000
403,888,000 333,361,000
500,498,000 476,488,000
528,837,000 519,070,000
615,310,000 562,336,000
941,720,000 649,716,000
1,210,921,000 1,085,923,000
1,801,808,000 1,630,836,000
2,002,286,000 1,931,286,000
2,229,026,000 2,206,620,000
2,519,036,000 2,360,019,000
4,340,614,000 3,291,024,000
SSQ, Societe D’Assurances Generales.... Portage La Prairie Mutual..........................
Industrielle Alliance Compagnie................ ACE INA Insurance...................................
CNA Canada............................................. Factory Mutual Insurance Company.........
Guarantee Company Of North America.... Alberta Motor Association.........................
Travelers Canada...................................... Gore Mutual Insurance Company.............
RBC Insurance Company Of Canada....... Jevco Insurance Company.......................
La Capitale Assurances Gen Inc............... SGI Canada Group....................................
RBC General Insurance............................. Ontario Mutual Insurance..........................
Chubb Insurance Co of Canada............... Chartis Insurance Co of Canada...............
Allstate Insurance Co of Canada.............. Zurich Insurance Company Ltd.................
The Dominion Of Canada.......................... Northbridge Financial Corporation............
Desjardins General Insurance Group........ The Economical Insurance Group.............
Wawanesa Mutual Insurance.................... State Farm Insurance Company...............
Co–operators General Insurance Co........ Lloyd’s Underwriters.................................
TD Insurance General............................... RSA Canada Group...................................
Intact Financial Corporation...................... Aviva Canada Inc......................................
$
Net Premiums Written
UNDERWRITING RESULTS
169,145,000 156,531,000
160,777,000 175,250,000
181,846,000 208,000,000
241,470,000 238,077,000
274,217,000 246,754,000
306,721,000 289,389,000
385,643,000 326,109,000
463,159,000 453,506,000
500,767,000 498,344,000
605,021,000 570,073,000
882,274,000 639,906,000
1,214,336,000 1,059,816,000
1,708,966,000 1,615,100,000
1,930,568,000 1,940,465,000
2,174,264,000 2,206,620,000
2,417,427,000 2,259,975,000
4,334,138,000 3,218,052,000
$
Premiums Earned 100% Basis
60,694,000 103,248,000
105,245,000 126,247,000
105,282,000 151,440,000
149,694,000 195,923,000
174,490,000 191,970,000
132,310,000 193,176,000
218,531,000 217,940,000
279,078,000 293,938,000
382,993,000 297,307,000
351,212,000 321,363,000
609,557,000 376,132,000
926,114,000 760,109,000
1,256,034,000 1,067,016,000
1,485,946,000 2,052,926,000
1,413,273,000 1,397,802,000
1,851,146,000 1,515,636,000
2,880,688,000 2,116,459,000
$
Net Net Claims & Adjusting Expenses
260,000 8,506,000
2,326,000 35,557,000
7,805,000 21,968,000
53,446,000 –9,914,000
61,379,000 28,173,000
52,025,000 56,589,000
87,448,000 48,100,000
57,380,000 97,021,000
104,711,000
94,806,000 33,328,000
67,305,000 –67,715,000
215,320,000 154,279,000
24,733,000 338,156,000
332,541,000 212,771,000
329,410,000 61,197,000
266,656,000 284,339,000
709,952,000 615,338,000
$
Commissions
(Continued On Page 42)
35.88 65.96
65.46 72.04
57.90 72.81
61.99 82.29
63.63 77.80
43.14 66.75
56.67 66.83
60.26 64.81
76.48 59.66
58.05 56.37
69.09 58.78
76.27 71.72
73.50 66.07
76.97 105.80
65.00 63.35
76.58 67.06
66.47 65.77
%
Earned Loss Ratio
5,494,000 4,613,000
5,747,000 7,861,000
5,868,000 9,624,000
7,606,000 12,398,000
8,905,000 7,792,000
13,128,000 10,597,000
9,404,000 10,023,000
16,065,000 21,160,000
16,055,000 1,368,000
21,658,000 31,607,000
28,673,000 31,169,000
41,559,000 42,159,000
58,652,000 56,624,000
67,782,000 60,114,000
74,482,000 8,609,000
78,141,000 82,105,000
152,336,000 108,741,000
$
Taxes
71,048,000 43,194,000
38,354,000 24,558,000
35,114,000 24,839,000
22,011,000 43,894,000
45,428,000 26,659,000
63,006,000 30,196,000
80,774,000 35,416,000
93,367,000 55,122,000
106,368,000 91,987,000
83,299,000 66,178,000
162,069,000 85,597,000
131,546,000 174,993,000
345,538,000 181,868,000
148,336,000 178,137,000
348,412,000
206,920,000 294,810,000
467,035,000 290,303,000
$
General Expenses
45.41 35.98
28.88 38.79
26.83 27.13
34.40 19.48
42.20 25.38
41.78 33.65
46.06 28.68
36.02 38.21
0.00 39.74
33.02 23.00
29.25 7.67
31.99 34.45
25.10 35.70
28.42 23.24
34.60 0.00
22.82 29.26
30.67 31.52
%
Total Expense Ratio
81.29 101.94
94.34 110.83
84.73 99.94
96.39 101.77
105.83 103.18
84.92 100.40
102.73 95.51
96.28 103.02
0.00 99.40
91.07 79.37
98.34 66.45
108.26 106.17
98.60 101.77
105.39 129.04
99.60 0.00
99.40 96.32
97.14 97.29
%
Combined Loss & Exp. Ratio
31,649,000 –289,000
9,105,000 –15,640,000
4,362,000 129,000
8,713,000 –4,224,000
–15,985,000 –746,000
48,378,000 3,028,000
–10,514,000 14,630,000
15,744,000 –8,491,000
–6,440,000 17,161,000
54,046,000 118,096,000
36,022,000 89,987,000
–85,062,000 –65,351,000
28,651,000 –8,142,000
–75,383,000 –481,778,000
28,831,000 206,868,000
14,564,000 83,085,000
124,127,000 87,209,000
$
Undrwtg. Profit or Loss
GENERAL COMPANIES (PRIVATE SECTOR) RESULTS
5,613,000 12,225,000
2,625,000 9,688,000
3,357,000 29,418,000
27,802,000 28,870,000
58,206,000 9,043,000
59,489,000 14,800,000
9,184,000 40,107,000
17,764,000 9,567,000
35,735,000 39,296,000
73,026,000 159,447,000
68,697,000 68,985,000
118,003,000 –74,475,000
150,384,000 147,276,000
215,534,000 239,896,000
168,026,000 111,390,000
130,552,000 181,704,000
491,511,000 319,296,000
$
Inv. Income
(from figures supplied by the companies for 2011 business transacted in Canada)
16.50 11.01
11.72 –2.52
15.03 7.86
7.93 6.34
8.23 5.52
9.08 8.13
1.37 10.17
12.89 0.17
8.45 4.90
11.05 15.93
12.36 15.81
3.17 –9.22
17.40 7.27
5.09 –24.64
10.33 19.17
9.29 10.30
14.00 17.59
%
Return on Equity
Access your claims data anytime, anywhere With Crawford’s CMS Claims Management System™ For over 10 years, Crawford has offered our innovative claimshandling program, CMS Claims Management SystemTM, which allows our clients to access their claims information in real time from virtually anywhere. This powerful tool was developed in-house and is continually being improved with our clients’ needs in mind. Contact us at info@crawco.ca for more information on CMS or any of our services.
www.crawfordandcompany.ca Crawford & Company (Canada) Inc. is an equal opportunity employer
CdnUnderwriterCrawford-CMS.indd 1 p 040,42,43 Gen Comp 2012.indd 41
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42
p 040,42,43 Gen Comp 2012.indd 42
canadianunderwriter.ca CANADIAN UNDERWRITER STATISTICAL ISSUE 2012
12-05-25 9:14 AM
37. 38.
39. 40.
41. 42.
43. 44.
45. 46.
47. 48.
49. 50.
51. 52.
53. 54.
55. 56.
57. 58.
59. 60.
61. 62.
63. 64.
65. 66.
67. 68.
69. 70. 71.
72. 73.
Hartford Fire Insurance............................. Euler Hermes American Credit..................
Federal Insurance Company..................... Legacy General Insurance........................ Western Surety Company.........................
Omega General Insurance........................ PEI Mutual Insurance Company................
Tokio Marine & Nichido Fire...................... Mitsui Sumitomo Insurance......................
Co–operative Hail Ins Co Ltd.................... Triton Insurance.........................................
Ontario School Board’s Insurance............ Mutual Fire Insurance Co of BC................
Trisura Guarantee Insurance..................... Le Groupe Estrie–Richelieu.......................
Grain Insurance & Guarantee.................... Berkley Insurance Company.....................
Saskatchewan Mutual Insurance.............. Great American Insurance.........................
Red River Mutual....................................... Old Republic Insurance Company............
North Waterloo Farmers Mutual................ Arch Insurance (Canada)...........................
Stewart Title Guaranty Company.............. XL Insurance.............................................
Cumis General Insurance.......................... Affiliated FM Insurance Company.............
Boiler Inspection & Insurance Company... Pafco Insurance Company........................
Lawyers’ Professional Indemnity.............. Unica Insurance........................................
Canadian Direct Insurance........................ Peace Hills General Insurance..................
L’Unique Assurances Generales............... Liberty Mutual Insurance...........................
Echelon General Insurance....................... Motors Insurance Corporation..................
12,668,000 11,980,000
14,026,000 13,893,000 13,340,000
18,437,000 14,819,000
25,460,000 20,739,000
31,537,000 25,514,000
34,832,000 32,802,000
39,531,000 36,278,000
45,863,000 40,767,000
47,508,000 46,810,000
64,737,000 49,764,000
70,695,000 69,286,000
79,852,000 73,717,000
91,975,000 82,822,000
101,502,000 99,320,000
109,784,000 107,126,000
120,772,000 111,919,000
123,386,000 122,119,000
152,585,000 134,752,000
167,156,000 155,018,000
$
Allianz Global Risks US............................. Pembridge Insurance Company...............
35. 36.
Net Premiums Written
UNDERWRITING RESULTS
12,894,000 11,673,000
14,336,000 11,381,000 13,131,000
18,430,000 14,229,000
24,680,000 20,635,000
31,537,000 41,415,000
35,297,000 29,561,000
33,326,000 35,936,000
44,167,000 34,325,000
44,797,000 44,998,000
60,751,000 46,880,000
65,525,000 62,484,000
79,852,000 87,938,000
86,993,000 78,743,000
98,197,000 88,639,000
109,691,000 125,601,000
117,632,000 111,361,000
111,426,000 117,070,000
147,378,000 153,871,000
163,711,000 145,628,000
$
Premiums Earned 100% Basis
5,625,000 5,494,000
6,395,000 5,596,000 –50,000
12,617,000 9,871,000
12,129,000 15,145,000
20,446,000 9,575,000
23,681,000 15,862,000
8,802,000 21,459,000
21,895,000 21,509,000
25,031,000 37,147,000
38,216,000 30,921,000
39,216,000 46,972,000
16,934,000 49,496,000
57,322,000 38,193,000
25,592,000 51,265,000
100,989,000 86,055,000
76,221,000 73,985,000
64,742,000 82,946,000
97,754,000 97,513,000
138,425,000 102,279,000
$
Net Claims & Adjusting Expenses
430,000 –1,690,000
1,307,000 4,441,000 8,375,000
4,895,000 1,987,000
3,596,000 1,980,000
1,323,000 –243,000
0 8,253,000
7,416,000 7,492,000
9,652,000 7,163,000
9,567,000 6,447,000
14,476,000 8,434,000
13,634,000 –4,022,000
7,698,000
11,524,000 1,905,000
30,650,000 13,453,000
–2,449,000 27,860,000
1,726,000 19,304,000
18,716,000 –4,238,000
22,959,000 13,383,000
10,762,000 24,345,000
$
Commissions
(Continued On Page 43)
43.62 47.07
44.61 49.17 –0.38
68.46 69.37
49.15 73.39
64.83 23.12
67.09 53.66
26.41 59.71
49.57 62.66
55.88 82.55
62.91 65.96
59.85 75.17
21.21 56.29
65.89 48.50
26.06 57.84
92.07 68.51
64.80 66.44
58.10 70.85
66.33 63.37
84.55 70.23
%
Earned Loss Ratio
516,000 1,315,000
212,000 244,000 501,000
816,000 180,000
628,000 758,000
1,284,000 1,012,000
1,032,000 149,000
1,435,000
2,255,000 1,111,000
2,105,000 3,392,000
2,835,000 1,640,000
2,165,000 4,110,000
2,501,000 2,598,000
3,379,000 4,468,000
1,106,000 2,870,000
3,473,000 3,666,000
4,907,000 5,866,000
4,183,000 7,479,000
5,969,000 5,789,000
8,011,000 4,763,000
$
Taxes
2,589,000 8,357,000
6,156,000 2,298,000 1,810,000
1,446,000 2,996,000
4,610,000 3,618,000
1,766,000 6,917,000
2,131,000 3,811,000
12,271,000 4,278,000
7,968,000 10,133,000
6,749,000 8,323,000
7,038,000 4,766,000
9,010,000 16,919,000
38,947,000 18,941,000
11,968,000 9,781,000
20,228,000 9,570,000
17,461,000 14,845,000
28,569,000 19,452,000
19,586,000 33,981,000
18,555,000 5,226,000
18,840,000 18,826,000
$
General Expenses
27.42 68.38
53.54 61.36 81.38
38.83 36.29
35.79 30.80
13.87 18.56
8.96 41.31
63.38 0.00
45.00 53.63
41.12 40.36
40.08 31.66
37.86 27.22
0.00 33.25
30.89 20.51
52.94 29.21
16.85 36.92
29.93 40.07
38.13 31.79
32.22 15.86
22.98 32.92
%
Total Expense Ratio
71.04 115.45
98.15 110.53 81.00
107.29 105.66
84.94 104.19
78.70 41.68
76.05 94.97
89.79 0.00
94.57 116.29
97.00 122.91
102.99 97.62
97.71 102.39
0.00 89.54
96.78 69.01
79.00 87.05
108.92 105.43
94.73 106.51
96.23 102.64
98.55 79.23
107.53 103.15
%
Combined Loss & Exp. Ratio
3,734,000 –616,000
266,000 2,000 2,495,000
–1,344,000 –805,000
3,717,000 –866,000
3,927,000 27,777,000
8,453,000 1,534,000
4,794,000 2,707,000
2,397,000 –5,207,000
1,674,000 –10,311,000
–1,096,000 3,601,000
2,641,000 –1,495,000
21,629,000 9,180,000
–49,000 24,386,000
21,821,000 14,377,000
–9,783,000 –4,260,000
8,102,000 –5,247,000
6,532,000 –3,098,000
5,208,000 33,403,000
–1,574,000 –1,065,000
$
Undrwtg. Profit or Loss
5,726,000 1,898,000
2,955,000 681,000 1,157,000
839,000 2,501,000
2,439,000 2,405,000
1,779,000 6,138,000
8,964,000 1,295,000
2,422,000 3,567,000
3,636,000 995,000
4,239,000 5,923,000
1,308,000 3,991,000
4,518,000 5,355,000
7,751,000 12,627,000
5,495,000 6,486,000
5,337,000 8,739,000
21,899,000 10,259,000
7,133,000 8,727,000
4,861,000 25,794,000
8,839,000 26,290,000
12,327,000 3,330,000
$
Inv. Income
(from figures supplied by the companies for 2011 business transacted in Canada)
GENERAL COMPANIES (PRIVATE SECTOR) RESULTS
(Continued From Page 40)
5.60 2.29
1.96 6.30 15.89
–2.92 4.19
7.30 2.57
11.48 24.80
28.79 10.86
12.69 8.71
14.22 –7.30
13.60 –2.33
0.53 10.43
15.29 3.86
25.61 5.90
6.41 25.09
25.29 19.04
5.32 6.12
15.51 4.04
16.17 3.84
9.24 12.53
0.84 1.30
%
Return on Equity
CANADIAN UNDERWRITER STATISTICAL ISSUE 2012
p 040,42,43 Gen Comp 2012.indd 43
43
12-05-25 9:14 AM
74. 75.
76. 77.
78. 79.
80. 81.
82. 83.
84. 85.
86. 87.
88. 89.
90. 91.
–400,000 –3,177,000
0 –86,000
0 0
0 0
2,306,000 994,000
4,817,000 4,010,000
6,070,000 5,103,000
6,470,000 6,371,000
6,772,000 6,472,000
TOTALS.................................................... 37,565,608,000
Hanover Insurance Company................... Lumbermen’s Underwriting Alliance.........
ICAROM PLC............................................ Corepoint Insurance..................................
Employers Insurance Of Wausau.............. TIG Insurance............................................
Security Ins Co of Hartford....................... Utica Mutual Insurance Co Ltd.................
Fundy Mutual Insurance............................ Clare Mutual Insurance Company.............
Everest Insurance Co of Canada.............. Atradius Credit Insurance N.V...................
Pacific Coast Fishermen’s Mutual Marine. Sompo Japan Insurance Inc.....................
American Road Insurance Company........ Kings Mutual Insurance Company............
The Mearie Group..................................... Mennonite Mutual Fire Insurance..............
Net Premiums Written $
UNDERWRITING RESULTS
36,694,660,000
–400,000 18,692,000
0 235,000
0 0
0 0
2,249,000 922,000
2,134,000 4,296,000
6,161,000 5,890,000
6,470,000 6,169,000
6,772,000 6,245,000
Premiums Earned 100% Basis $
25,396,172,000
0 21,381,000
–43,000 –1,120,000
–65,000 766,000
198,000 –16,000
1,141,000 592,000
1,622,000 1,716,000
983,000 1,524,000
6,376,000 1,495,000
1,775,000 3,663,000
Net Claims & Adjusting Expenses $
69.21
0.00 114.39
0.00 –476.60
0.00 0.00
0.00 0.00
50.73 64.21
76.01 39.94
15.96 25.87
98.55 24.23
26.21 58.65
Earned Loss Ratio %
4,700,118,000
230,000
2,000
727,000 –229,000
779,000 –1,288,000
859,000
1,262,000
69,000
Commissions $
1,221,854,000
1,356,000
15,000
1,000
118,000
330,000 288,000
175,000
157,000 233,000
339,000
Taxes $
4,564,654,000
99,000 10,074,000
98,000 243,000
76,000 290,000
277,000 266,000
1,123,000 763,000
1,541,000 3,530,000
937,000 1,146,000
514,000 2,496,000
2,333,000 1,736,000
General Expenses $
28.58
0.00 62.38
0.00 110.64
0.00 0.00
0.00 0.00
87.51 0.00
124.18 58.89
0.00 37.01
0.00 64.69
0.00 0.00
Total Expense Ratio %
97.79
0.00 176.77
0.00 –365.96
0.00 0.00
0.00 0.00
138.24 0.00
200.19 98.83
0.00 62.88
0.00 88.92
0.00 0.00
Combined Loss & Exp. Ratio %
404,752,000
–499,000 –14,447,000
–55,000 1,095,000
–12,000 –1,056,000
–475,000 –210,000
–702,000 –94,000
–1,961,000 480,000
4,241,000 2,186,000
–577,000 –369,000
2,467,000 859,000
Undrwtg. Profit or Loss $
3,250,448,000
23,000 1,555,000
29,000 702,000
835,000 3,349,000
2,514,000 77,000
101,000 120,000
1,043,000 74,000
450,000 668,000
603,000 1,892,000
3,071,000 676,000
Inv. Income $
(from figures supplied by the companies for 2011 business transacted in Canada)
GENERAL COMPANIES (PRIVATE SECTOR) RESULTS
(Continued From Page 42)
18.75 42.67
0.04 9.35
2.70 12.06
3.42 2.66
2.09 1.86
–2.05 6.41
66.60 6.31
0.64 4.78
11.68 19.00
Return on Equity %
44
p 044,46,47 Totl Dir Writ Bus 2012.indd 44
canadianunderwriter.ca CANADIAN UNDERWRITER STATISTICAL ISSUE 2012
12-05-25 9:41 AM
Ontario Mutual Insurance.......................... RBC General Insurance.............................
SGI Canada Group.................................... La Capitale Assurances Gen Inc...............
RBC Insurance Company Of Canada....... Travelers Canada.......................................
Jevco Insurance Company........................ Guarantee Company Of North America....
Gore Mutual Insurance Company............. ACE INA Insurance...................................
Factory Mutual Insurance Company......... Alberta Motor Association.........................
CNA Canada............................................. Allianz Global Risks US.............................
Industrielle Alliance Compagnie................ Liberty Mutual Insurance...........................
17. 18.
19. 20.
21. 22.
23. 24.
25. 26.
27. 28.
29. 30.
31. 32.
Zurich Insurance Company Ltd................. Chubb Insurance Co of Canada................
15. 16.
Lloyd’s Underwriters.................................. The Economical Insurance Group.............
9. 10.
Allstate Insurance Co of Canada............... Chartis Insurance Co of Canada...............
State Farm Insurance Company............... Desjardins General Insurance Group........
7. 8.
13. 14.
Co–operators General Insurance Co......... Wawanesa Mutual Insurance....................
5. 6.
The Dominion Of Canada.......................... Northbridge Financial Corporation............
RSA Canada Group................................... TD Insurance General................................
3. 4.
11. 12.
Intact Financial Corporation...................... Aviva Canada Inc.......................................
1. 2.
Company
221,944,000 210,820,000
253,613,000 248,513,000
264,193,000 259,701,000
319,670,000 288,564,000
349,953,000 330,482,000
378,375,000 356,841,000
514,946,000 495,711,000
639,990,000 535,032,000
904,785,000 654,093,000
955,998,000 948,895,000
1,268,612,000 1,207,866,000
1,798,460,000 1,710,034,000
1,933,287,000 1,829,847,000
2,310,788,000 2,070,160,000
2,538,887,000 2,531,091,000
4,614,070,000 3,416,529,000
Totals $
1,892,000
1,512,000 2,096,000
5,744,000
44,000 2,213,000
1,432,000 2,641,000
1,752,000 2,680,000
8,000
3,481,000
7,641,000 1,457,000
8,708,000
40,004,000 24,635,000
23,722,000 21,130,000
5,495,000
86,821,000
139,567,000 14,235,000
5,418,000 98,327,000
Nfld. $
303,000
384,000 693,000
1,046,000
1,000 626,000
53,000 861,000
1,113,000 1,003,000
9,881,000
3,358,000
931,000 208,000
1,743,000
16,072,000 5,522,000
3,783,000 4,943,000
4,182,000
17,739,000 8,934,000
8,995,000 5,755,000
8,738,000 16,354,000
P.E.I. $
1,999,000
2,212,000 3,907,000
4,041,000
293,000 4,575,000
947,000 5,253,000
9,712,000 6,832,000
5,742,000
12,430,000
11,550,000 3,534,000
28,986,000 14,676,000
46,655,000 26,335,000
29,127,000 57,848,000
29,267,000
63,983,000 65,175,000
118,755,000 64,970,000
142,597,000 113,426,000
N.S. $
221,944,000 30,968,000
40,314,000 44,404,000
41,358,000
45,505,000
90,249,000 46,872,000
30,762,000 43,538,000
6,000 495,711,000
37,508,000
156,960,000 106,470,000
102,172,000 150,704,000
3,459,000 161,185,000
289,456,000 126,959,000
1,037,968,000
315,379,000 80,927,000
161,527,000 212,230,000
1,108,626,000 482,136,000
Quebec $
(Continued On Page 46)
8,506,000
2,331,000 2,469,000
9,141,000
56,000 7,498,000
915,000 4,682,000
3,905,000 3,664,000
9,165,000
9,788,000
13,104,000 4,144,000
48,520,000 20,807,000
19,642,000 24,972,000
26,701,000 59,285,000
49,326,000 15,386,000
55,922,000 105,782,000
63,499,000 47,215,000
41,850,000 84,937,000
N.B. $
87,360,000
96,244,000 84,926,000
82,646,000 106,000
265,350,000 117,678,000
220,013,000 228,733,000
225,438,000 153,031,000
69,753,000
639,990,000 410,934,000
367,129,000 352,687,000
686,951,000 349,977,000
940,956,000 621,205,000
566,727,000 978,631,000
1,717,256,000 670,053,000
965,815,000 639,846,000
1,243,531,000 1,551,477,000
2,150,738,000 1,838,436,000
Ontario $
3,898,000
13,126,000 7,809,000
8,045,000 8,646,000
280,000 10,989,000
1,346,000 5,311,000
9,432,000 15,536,000
17,230,000
831,000
12,342,000 8,870,000
21,299,000
1,526,000 23,267,000
44,004,000 9,078,000
5,229,000
43,588,000 98,931,000
26,121,000 3,878,000
58,345,000 70,031,000
Manitoba $
(Excludes A&S and Reinsurance Companies)
By company – on a province by province basis
5,296,000
7,649,000 13,628,000
14,257,000 15,000
108,000 11,180,000
561,000 2,766,000
4,622,000 10,628,000
361,121,000
1,010,000
16,002,000 4,793,000
22,475,000
1,431,000 31,510,000
34,728,000 2,188,000
1,011,000
70,103,000 100,819,000
22,916,000 2,562,000
2,421,000 51,602,000
Sask. $
Alberta $
51,987,000
48,721,000 45,023,000
40,791,000 250,844,000
1,968,000 53,812,000
30,062,000 20,976,000
47,918,000 61,324,000
41,872,000
47,605,000
178,165,000 79,208,000
89,097,000 246,168,000
136,255,000 171,501,000
342,846,000 192,787,000
166,070,000 56,101,000
530,490,000 753,262,000
384,457,000 597,236,000
864,319,000 413,824,000
2011 TOTAL DIRECT WRITTEN BUSINESS
18,325,000
40,431,000 38,474,000
54,416,000 90,000
50,869,000 32,510,000
3,593,000 12,031,000
43,109,000 54,398,000
114,000
7,187,000
129,491,000 92,167,000
1,000 100,682,000
58,875,000 113,393,000
409,664,000 256,662,000
3,395,000
148,540,000 209,219,000
356,260,000 18,548,000
218,462,000 229,097,000
B.C. $
232,000
163,000 1,424,000
951,000
20,000 592,000
191,000 44,000
275,000 890,000
13,000
372,000
780,000 254,000
41,000 1,520,000
1,745,000 1,068,000
15,313,000 123,000
105,000 477,000
6,078,000 6,676,000
5,690,000 7,304,000
3,493,000 5,795,000
Yukon $
30,000
350,000 2,994,000
838,000
63,000 437,000
591,000 300,000
293,000 1,973,000
30,000
283,000
7,263,000 192,000
182,000 8,845,000
1,561,000 2,217,000
7,455,000 299,000
416,000 1,176,000
5,687,000 455,000
4,360,000 5,248,000
8,231,000 11,713,000
N.W.T. $
24,000
176,000 666,000
919,000
18,000 949,000
12,000
44,000 1,344,000
11,000
245,000
3,427,000 109,000
48,000 1,291,000
431,000 1,056,000
4,934,000 101,000
114,000 107,000
643,000 134,000
3,209,000 433,000
832,000 851,000
Nunavut $
UNITED AS ONE. WE ARE BURNS WILCOX CANADA: THE EVOLUTION OF CHESTERFIELD CANADA. What happens when Chesterfield Canada joins the largest independent wholesale broker in North America? The best gets better. Welcome to Burns Wilcox Canada, providing you with better service, faster turnaround, and enhanced market access to an even wider range of Canada’s top insurers and the international market including Lloyd’s of London. Plus with Burns Wilcox Canada, you get expertise that leads the specialty insurance marketplace. More importantly, no matter what the risk, your clients will be provided with the coverage they need.
burnsandwilcox.ca
OTTAWA
Steve Kilrea or Tom Stanton Tel: 613.237.3939 Fax: 613.233.4334 WATS: 1.866.268.7334 skilrea@burns-wilcox.ca tstanton@burns-wilcox.ca
TORONTO
Paul Clarke or Tyson Peel Tel: 416.774.2477 Fax: 416.497.7581 WATS: 1.888.591.9125 pclarke@burns-wilcox.ca tpeel@burns-wilcox.ca
ST. JOHN’S
Steve McQueen or Donna Payne Tel: 709.745.0871 Fax: 709.745.0630 smcqueen@burns-wilcox.ca dpayne@burns-wilcox.ca
30785_BURNS_CanadaUnderwriter_May_APPROVED.indd 1
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canadianunderwriter.ca CANADIAN UNDERWRITER STATISTICAL ISSUE 2012
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169,288,000 162,754,000
FCT............................................................ Echelon General Insurance.......................
CAA Insurance Company (Ontario).......... Pembridge Insurance Company................
L’Unique Assurances Generales............... Canadian Direct Insurance........................
Arch Insurance (Canada)........................... Lawyers’ Professional Indemnity...............
Affiliated FM Insurance Company............. Cumis General Insurance..........................
Pafco Insurance Company........................ Unica Insurance.........................................
XL Insurance.............................................. Stewart Title Guaranty Company..............
North Waterloo Farmers Mutual................ Red River Mutual.......................................
Old Republic Insurance Company............ Great American Insurance.........................
Grain Insurance & Guarantee.................... Trisura Guarantee Insurance.....................
Saskatchewan Mutual Insurance.............. Co–operative Hail Ins Co Ltd....................
Le Groupe Estrie–Richelieu....................... Mutual Fire Insurance Co of BC................
Berkley Insurance Company..................... Ontario School Board’s Insurance............
Euler Hermes American Credit.................. Triton Insurance.........................................
Boiler Inspection & Insurance Company... Western Surety Company.........................
Mitsui Sumitomo Insurance....................... Omega General Insurance.........................
37. 38.
39. 40.
41. 42.
43. 44.
45. 46.
47. 48.
49. 50.
51. 52.
53. 54.
55. 56.
57. 58.
59. 60.
61. 62.
63. 64.
65. 66.
67. 68.
22,678,000 22,081,000
27,342,000 22,920,000
35,402,000 30,172,000
38,384,000 37,600,000
42,277,000 39,442,000
50,507,000 45,056,000
58,160,000 50,815,000
62,880,000 58,273,000
78,229,000 70,391,000
95,427,000 79,852,000
100,686,000 100,283,000
105,340,000 101,618,000
123,478,000 115,729,000
146,695,000 129,671,000
160,321,000 157,278,000
172,981,000 170,435,000
Motors Insurance Corporation.................. Peace Hills General Insurance..................
35. 36.
207,853,000 203,999,000
SSQ, Societe D’Assurances Generales.... Portage La Prairie Mutual..........................
Totals $
33. 34.
Company
(Continued From Page 44)
122,000 149,000
200,000 1,281,000
1,699,000
115,000
867,000 263,000
766,000 103,000
1,208,000 499,000
481,000 711,000
306,000
10,000
2,529,000 108,000
183,000
3,491,000
Nfld. $
23,000 26,000
93,000 116,000
127,000 –34,000
57,000
274,000 114,000
89,000 55,000
132,000 278,000
242,000 768,000
4,000 4,000
963,000
521,000 667,000
33,000
3,755,000
P.E.I. $
265,000 292,000
674,000 727,000
515,000 1,094,000
472,000
2,415,000 876,000
1,024,000 1,328,000
3,208,000 1,982,000
1,371,000
1,444,000 5,405,000
2,329,000 6,000
72,000
3,499,000 13,129,000
2,644,000 17,133,000
194,000
41,215,000
N.S. $
90,000 173,000
1,011,000 865,000
314,000 1,140,000
119,000
2,032,000 834,000
1,644,000 2,330,000
2,741,000 1,330,000
1,040,000
637,000 4,916,000
1,932,000 6,000
365,000
3,906,000 16,557,000
3,310,000 493,000
223,000
12,890,000
N.B. $
2,249,000 168,000
5,480,000 28,000
10,704,000 6,466,000
6,678,000
42,277,000
603,000 5,187,000
295,000 1,770,000
15,380,000 3,103,000
22,733,000
44,902,000 3,000
6,459,000 5,000
129,401,000
2,330,000
10,027,000 17,319,000
2,587,000
207,853,000
Quebec $
12,259,000 9,301,000
10,789,000 4,270,000
20,564,000 7,393,000
20,460,000 37,600,000
12,426,000 23,346,000
47,431,000 22,873,000
78,229,000
34,846,000 63,359,000
75,529,000 100,222,000
34,997,000 61,470,000
73,613,000 115,415,000
956,000
151,953,000 113,575,000
83,719,000 112,219,000
153,848,000
42,936,000
Ontario $
407,000 211,000
617,000 1,931,000
233,000 1,412,000
622,000
456,000
6,630,000 6,880,000
6,044,000 2,539,000
70,000 2,308,000
62,200,000
3,099,000 941,000
3,508,000 10,805,000
4,727,000 186,000
54,000
6,240,000 508,000
431,000 12,183,000
46,536,000
Manitoba $
By company – on a province by province basis (Excludes A&S and Reinsurance Companies)
2011 TOTAL DIRECT WRITTEN BUSINESS
149,000 139,000
1,694,000 4,826,000
191,000 1,231,000
523,000
874,000
33,378,000 38,176,000
13,075,000 1,370,000
38,000 2,621,000
8,191,000
3,282,000 760,000
2,066,000 4,355,000
2,112,000 21,000
6,624,000 1,064,000
1,047,000 6,370,000
11,974,000
Sask. $
3,291,000 5,322,000
2,699,000 6,273,000
614,000 5,757,000
3,527,000
2,806,000
10,499,000
7,698,000 6,908,000
8,826,000 12,508,000
18,424,000 1,498,000
61,000
6,895,000 8,185,000
22,874,000 81,000
287,000 56,709,000
11,631,000
36,150,000 5,880,000
9,036,000 114,880,000
40,243,000
Alberta $
3,558,000 6,279,000
3,982,000 2,566,000
2,140,000 3,731,000
5,706,000
35,306,000
12,633,000 8,869,000
2,568,000 12,168,000
11,908,000 6,065,000
10,147,000 5,000,000
9,008,000 3,000
15,550,000 72,930,000
17,090,000 7,270,000
5,358,000 33,410,000
959,000
B.C. $
91,000 11,000
5,000 2,000
105,000
20,000
57,000 374,000
43,000 110,000
205,000
2,000
2,000
67,000
5,000
9,000
239,000 25,000
1,000 1,668,000
Yukon $
146,000 8,000
69,000 32,000
178,000
16,000
36,000 43,000
57,000 99,000
896,000 22,000
9,000
19,000
39,000 2,000
21,000
38,000
117,000 54,000
35,000 1,265,000
N.W.T. $
28,000 2,000
29,000 3,000
69,000
92,000
29,000
98,000 15,000
2,000
8,000
6,000
9,000
78,000 14,000
5,000 659,000
Nunavut $
CANADIAN UNDERWRITER STATISTICAL ISSUE 2012
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12-05-25 9:14 AM
Hartford Fire Insurance.............................. Lumbermen’s Underwriting Alliance..........
Mennonite Mutual Fire Insurance.............. Atradius Credit Insurance N.V...................
The Mearie Group...................................... Kings Mutual Insurance Company............
Pacific Coast Fishermen’s Mutual Marine. American Road Insurance Company........
Sompo Japan Insurance Inc..................... Fundy Mutual Insurance............................
Clare Mutual Insurance Company............. Federal Insurance Company.....................
Corepoint Insurance..................................
TOTALS..................................................... 39,835,284,000
73. 74.
75. 76.
77. 78.
79. 80.
81. 82.
83. 84.
85.
–2,000
2,724,000 1,675,000
4,525,000 3,266,000
6,670,000 6,470,000
10,786,000 7,285,000
13,405,000 12,318,000
15,284,000 14,543,000
20,020,000 16,845,000
Tokio Marine & Nichido Fire....................... PEI Mutual Insurance Company................
71. 72.
21,140,000 20,283,000
Legacy General Insurance......................... Everest Insurance Co of Canada...............
Totals $
69. 70.
Company
518,671,000
1,000
1,000
96,000
135,000
3,000 54,000
54,000
463,000 118,000
Nfld. $
148,602,000
3,000
1,000
7,000
5,000
44,000 16,845,000
85,000 84,000
P.E.I. $
990,078,000
0
2,724,000
5,000
229,000
7,275,000
23,000 388,000
194,000
762,000 338,000
N.S. $
808,902,000
1,000
12,000
4,000 3,266,000
107,000
3,000
41,000 492,000
38,000
533,000 295,000
N.B. $
6,229,283,000
–20,000
123,000
480,000
1,859,000
533,000
863,000 7,803,000
1,480,000
3,399,000 3,459,000
Quebec $
19,909,969,000
2,000
1,347,000
2,878,000
1,867,000
10,786,000
5,279,000
6,409,000 –89,000
12,489,000
8,904,000 10,882,000
Ontario $
715,399,000
2,000
109,000
173,000
1,933,000
975,000 –33,000
116,000
815,000 543,000
Manitoba $
By company – on a province by province basis (Excludes A&S and Reinsurance Companies)
2011 TOTAL DIRECT WRITTEN BUSINESS
960,493,000
2,000
9,000
76,000
298,000
13,405,000 3,000
1,691,000 47,000
15,000
926,000 468,000
Sask. $
6,370,288,000
1,000
30,000
293,000
1,250,000
3,507,000
4,172,000 600,000
1,506,000
3,355,000 1,323,000
Alberta $
3,018,154,000
7,000
149,000
678,000
6,670,000 558,000
928,000
1,100,000 5,284,000
4,077,000
1,738,000 2,758,000
B.C. $
64,738,000
10,000
–3,000
1,000
48,000 12,000
Yukon $
76,802,000
2,000
2,000
23,000
2,000
4,000
86,000
N.W.T. $
23,305,000
2,000
26,000 3,000
Nunavut $
48
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17. 18.
19. 20.
21. 22.
23. 24.
25. 26.
27. 28.
29. 30.
31. 32.
33. 34.
35. 36.
37. 38.
11. 12.
9. 10.
15. 16.
7. 8.
5. 6.
13. 14.
3. 4.
1. 2.
ACE INA Insurance............................ Old Republic Insurance Company.....
Peace Hills General Insurance........... Chartis Insurance Co of Canada........
Chubb Insurance Co of Canada........ Motors Insurance Corporation...........
Unica Insurance................................. L’Unique Assurances Generales........
Guarantee Co Of North America........ Canadian Direct Insurance.................
Pafco Insurance Company................. Portage La Prairie Mutual...................
Pembridge Insurance Company........ RBC Insurance Coof Canada.............
CAA Insurance Company (Ontario)... Echelon General Insurance................
Industrielle Alliance Compagnie......... SSQ, Societe D’Assurances Generales
Zurich Insurance Company Ltd.......... Gore Mutual Insurance Company......
SGI Canada Group............................. Alberta Motor Association..................
Jevco Insurance Company................ Ontario Mutual Insurance...................
RBC General Insurance...................... La Capitale Assurances Gen Inc........
Allstate Insurance Co of Canada....... Northbridge Financial Corporation.....
The Economical Insurance Group...... The Dominion Of Canada...................
Wawanesa Mutual Insurance............. Co–operators General Insurance Co.
RSA Canada Group............................ Desjardins General Insurance Group.
Aviva Canada Inc............................... State Farm Insurance Company........
Intact Financial Corporation............... TD Insurance General........................
Company 2,634,000 9,884,000
Nfld. $
1,716,000
–66,000
2,806,000
9,392,000
56,680,000 52,521,000
62,934,000 60,852,000
73,077,000 72,352,000
76,230,000 75,150,000
91,469,000 89,741,000
100,686,000 96,794,000
124,684,000 121,089,000
133,713,000 127,912,000
546,000 607,000
541,000
86,000 182,000
63,000
2,450,000
155,912,000 137,489,000
184,665,000 170,141,000
224,959,000 197,185,000
290,765,000 266,272,000
420,375,000 299,172,000
739,300,000 509,168,000
913,765,000 14,924,000 778,692,000 30,046,000
1,163,432,000 1,106,523,000 48,331,000
1,202,593,000 95,016,000 1,166,294,000 4,199,000
1,790,114,000 62,101,000 1,425,899,000
2,606,683,000 1,831,209,000
Totals $
145,000 73,000
49,000
6,000 32,000
18,000
3,062,000
194,000
871,000 653,000
108,000
7,537,000
3,112,000
2,865,000
2,439,000 10,864,000
7,584,000 9,929,000
4,990,000 3,507,000
10,723,000
5,012,000 4,905,000
P.E.I. $
1,630,000 913,000
1,712,000
111,000 187,000
726,000
1,371,000 27,834,000
9,569,000 1,644,000
2,774,000 16,780,000
4,774,000
3,569,000
110,000
8,792,000
21,316,000 11,908,000
29,056,000 28,215,000
46,099,000 28,465,000
57,318,000 20,656,000
69,764,000
74,495,000 45,907,000
N.S. $
6,471,000 197,000
7,463,000
6,947,000 2,580,000
60,208,000
2,072,000
22,733,000
1,000
11,268,000
155,912,000
31,781,000
54,335,000
21,248,000 299,172,000
64,129,000 50,134,000
50,312,000 720,000
54,274,000 132,650,000
23,901,000 511,396,000
249,306,000
539,135,000 106,880,000
Quebec $
(Continued On Page 50)
3,387,000 1,468,000
3,210,000
61,000 222,000
528,000
1,040,000 8,118,000
13,049,000 1,158,000
3,171,000 356,000
5,659,000
5,818,000
–224,000
7,614,000
37,277,000 14,679,000
34,857,000 11,944,000
80,394,000 28,065,000
34,804,000 11,695,000
50,947,000 30,423,000
19,555,000 34,877,000
N.B. $
29,543,000 41,347,000
33,954,000
60,838,000 64,797,000
76,165,000
86,994,000
75,529,000 28,593,000
92,786,000 106,836,000
126,897,000 96,772,000
137,489,000
79,851,000 170,042,000
55,003,000
209,074,000 266,272,000
336,295,000
549,915,000 333,613,000
602,276,000 620,154,000
485,525,000 583,471,000
729,204,000 569,346,000
1,112,359,000 1,274,652,000
1,395,143,000 1,197,878,000
Ontario $
1,023,000 31,000
918,000
81,000 430,000
1,000
1,000
682,000
63,000
353,000
866,000
12,000 14,000
417,000
284,000
1,002,000
808,000
Manitoba $
(Excludes A&S and Reinsurance Companies)
2011 DIRECT WRITTEN AUTO
By company – on a province by province basis
795,000 15,000
595,000
133,000 603,000
1,000
1,086,000
310,000
1,518,000
126,812,000
310,000
2,037,000
81,000
7,510,000
459,000
5,503,000
37,000
Sask. $
11,431,000 7,660,000
61,367,000 9,757,000
4,629,000 2,722,000
65,000
1,000,000 46,876,000
25,651,000
9,223,000 11,141,000
336,000
52,213,000
26,096,000 197,185,000
27,519,000
37,315,000
66,392,000 79,574,000
109,891,000 73,821,000
484,563,000 262,402,000
206,318,000 44,062,000
219,084,000 120,189,000
554,673,000 421,381,000
Alberta $
1,382,000 81,000
2,554,000
179,000 556,000
14,942,000
3,000 42,833,000
1,366,000
5,394,000
7,000
1,930,000
2,545,000
69,476,000 986,000
67,000
44,736,000
1,892,000
8,297,000
B.C. $
155,000 43,000
943,000 26,000
4,000
16,000 5,000
2,000
9,000 28,000
18,000
419,000 18,000
13,000
6,000
248,000
41,000 583,000
122,000 1,079,000
4,404,000 2,890,000
2,052,000 386,000
3,295,000 105,000
2,342,000 5,344,000
Yukon $
157,000 57,000
502,000 56,000
6,000 32,000
35,000 21,000
9,000
38,000 69,000
38,000
422,000 63,000
30,000
11,000
241,000
182,000 649,000
299,000 573,000
455,000 2,192,000
2,152,000 962,000
3,624,000 416,000
4,087,000 3,840,000
N.W.T. $
15,000 29,000
122,000 17,000
5,000
12,000 6,000
2,000
9,000 19,000
14,000
128,000 18,000
11,000
111,000
48,000 323,000
101,000 195,000
134,000 134,000
1,359,000 85,000
514,000 114,000
465,000 313,000
Nunavut $
You might say “seamless integration.� We just call it a good fit. At CARSTAR we are dedicated to making the transition from claim to repair as seamless and simple as possible for you and your clients. We are working with many insurance companies to significantly reduce their claim-processing times and find solutions to their common challenges. We have also implemented various programs through our CARSTAR Care Centre to facilitate the claims process such as our cross-province and cross-border claim support. With 150 locations in 10 provinces, just think of us as your Vehicle Repair Management Company.
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canadianunderwriter.ca CANADIAN UNDERWRITER STATISTICAL ISSUE 2012
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59.
51. 52.
57. 58.
49. 50.
47. 48.
55. 56.
45. 46.
43. 44.
53. 54.
41. 42.
39. 40.
–280,000
123,000 –69,000
320,000 127,000
827,000 805,000
1,408,000 977,000
3,769,000 1,609,000
6,470,000 6,003,000
15,013,000 9,427,000
31,814,000 22,029,000
42,765,000 35,138,000
48,337,000 42,940,000
Totals $
5,000
3,000
2,000
96,000 30,000
235,000 148,000
148,000
173,000 11,000
Nfld. $
TOTALS............................................. 19,266,043,000 286,309,000
Allianz Global Risks US......................
XL Insurance...................................... Corepoint Insurance...........................
Mennonite Mutual Fire Insurance....... Federal Insurance Company..............
Hartford Fire Insurance...................... Great American Insurance.................
The Mearie Group.............................. Le Groupe Estrie–Richelieu................
Mitsui Sumitomo Insurance............... Ontario School Board’s Insurance.....
American Road Insurance Company. Tokio Marine & Nichido Fire...............
Lloyd’s Underwriters.......................... Saskatchewan Mutual Insurance.......
Liberty Mutual Insurance.................... CNA Canada......................................
Cumis General Insurance................... North Waterloo Farmers Mutual.........
Travelers Canada............................... Arch Insurance (Canada)....................
Company
(Continued From Page 48)
1,000
1,000 –2,000
13,000
18,000
229,000 93,000
6,000
312,000 350,000
2,553,000
1,111,000 106,000
N.S. $
79,397,000 520,486,000
1,000
1,000
21,000
2,000
37,000 0
448,000
225,000 –16,000
P.E.I. $
–74,000
15,000 –28,000
20,000
113,000
977,000
213,000
1,859,000 624,000
8,532,000
2,835,000 1,399,000
2,075,000 86,000
Quebec $
–49,000
38,000 –25,000
84,000
492,000 805,000
1,408,000
2,840,000 1,609,000
1,867,000 4,702,000
945,000
14,341,000 11,144,000
35,431,000 35,138,000
27,286,000 41,669,000
Ontario $
447,129,000 2,621,360,000 11,670,849,000
13,000
2,000 –1,000
13,000
23,000
107,000 35,000
63,000
401,000 147,000
1,487,000
664,000 23,000
N.B. $
(Excludes A&S and Reinsurance Companies)
2011 DIRECT WRITTEN AUTO
9,404,000
1,000
16,000
4,000
173,000 3,000
28,000 1,472,000
169,000 298,000
16,000
193,000 45,000
Manitoba $
By company – on a province by province basis
–177,000
48,000 –13,000
13,000
90,000
612,000
1,250,000 361,000
2,472,000
11,416,000 7,804,000
2,653,000
14,950,000 959,000
Alberta $
157,724,000 3,216,974,000
2,000
320,000
11,000
298,000 3,000
313,000 7,955,000
334,000 150,000
23,000
479,000 31,000
Sask. $
205,066,000
11,000
10,000
74,000
35,000
558,000 145,000
2,498,000
1,626,000 469,000
6,000
408,000
B.C. $
4,000
1,000
1,000
23,000 2,000
30,000 68,000
316,000 12,000
N.W.T. $
25,144,000 21,675,000
10,000 1,000
156,000
62,000 29,000
281,000 9,000
Yukon $
4,526,000
1,000
2,000
16,000 23,000
176,000 5,000
Nunavut $
Experience Totals for Federal And Provincially Registered Companies On An “Earned” Basis
Net Premiums Earned $
Net Losses Incurred $
Loss Ratio %
PROPERTY TOTAL
40.10 64.92 48.69 58.89 66.59 55.78
AUTO TOTAL
2007 268,993,000 121,682,000 2008 278,529,000 145,465,000 2009 292,057,000 158,349,000 2010 297,391,000 126,254,000 2011 242,465,000 141,321,000 Total 1,379,435,000 693,071,000 2011 Net Premiums Written: 255,568,000 2011 Direct Written Premiums: 279,051,000
4.44 4.32 –39.57 13.58 76.29 –1.42
2007 462,640,000 174,224,000 2008 776,881,000 410,519,000 2009 913,578,000 522,486,000 2010 932,606,000 536,066,000 2011 589,006,000 256,851,000 Total 3,674,711,000 1,900,146,000 2011 Net Premiums Written: 582,385,000 2011 Direct Written Premiums: 569,946,000
35.08 60.68 48.38 36.38 17.46 39.35
2007 2,197,000 1,108,000 2008 1,130,000 200,000 2009 1,232,000 –1,114,000 2010 133,000 5,000 2011 293,000 45,000 Total 4,985,000 244,000 2011 Net Premiums Written: 528,000 2011 Direct Written Premiums: 2,021,000
37.66 52.84 57.19 57.48 43.61 51.71
2007 318,742,000 50,514,000 2008 351,980,000 58,887,000 2009 376,958,000 62,507,000 2010 431,522,000 138,932,000 2011 405,331,000 71,738,000 Total 1,884,533,000 382,578,000 2011 Net Premiums Written: 414,965,000 2011 Direct Written Premiums: 462,396,000
2007 34,466,825,000 21,773,979,000 63.17 2008 36,094,667,000 25,620,392,000 70.98 2009 38,095,226,000 26,519,047,000 69.61 2010 39,671,246,000 27,715,907,000 69.86 2011 38,382,551,000 26,601,087,000 69.31 Total 186,710,515,000 128,230,412,000 68.68 2011 Net Premiums Written: 39,229,676,000 2011 Direct Written Premiums: 40,192,896,000
2007 148,067,000 37,833,000 2008 200,528,000 66,185,000 2009 183,862,000 56,302,000 2010 201,608,000 48,552,000 2011 213,048,000 48,132,000 Total 947,113,000 257,004,000 2011 Net Premiums Written: 213,048,000 2011 Direct Written Premiums: 213,048,000
CANADIAN UNDERWRITER STATISTICAL ISSUE 2012
p 051 Five Yr Rec 2012.indd 51
OTHER APPROVED PRODUCTS
45.24 52.23 54.22 42.45 58.29 50.24
ALL CLASSES COMBINED
FIDELITY 2007 99,002,000 34,734,000 2008 101,399,000 61,531,000 2009 115,947,000 56,098,000 2010 118,891,000 43,247,000 2011 111,259,000 19,427,000 Total 546,498,000 215,037,000 2011 Net Premiums Written: 111,509,000 2011 Direct Written Premiums: 115,403,000
MORTGAGE 2007 1,000 0 0.00 2008 0 0 0.00 2009 0 0 0.00 2010 7,097,000 7,351,000 103.58 2011 43,580,000 34,236,000 78.56 Total 50,678,000 41,587,000 82.06 2011 Net Premiums Written: 43,580,000 2011 Direct Written Premiums: 42,165,000
ACCIDENT & SICKNESS
CREDIT PROTECTION 2007 45,281,000 2,010,000 2008 40,525,000 1,751,000 2009 33,921,000 –13,424,000 2010 32,457,000 4,407,000 2011 3,990,000 3,044,000 Total 156,174,000 –2,212,000 2011 Net Premiums Written: 5,464,000 2011 Direct Written Premiums: 17,663,000
LIABILITY
MARINE 61.54 97.12 44.97 26.15 –1.22 47.81
32.59 41.30 44.31 89.32 63.25 51.38
2007 4,554,690,000 2,482,062,000 54.49 2008 4,594,989,000 2,694,538,000 58.64 2009 4,873,857,000 2,912,408,000 59.76 2010 4,776,613,000 2,827,897,000 59.20 2011 4,463,090,000 2,804,078,000 62.83 Total 23,263,239,000 13,720,983,000 58.98 2011 Net Premiums Written: 4,374,542,000 2011 Direct Written Premiums: 4,721,032,000
CLASSES
24.62 72.33 26.72 36.44 53.03 42.51
CREDIT 2007 27,238,000 16,761,000 2008 24,756,000 24,044,000 2009 27,169,000 12,217,000 2010 25,257,000 6,605,000 2011 19,792,000 –241,000 Total 124,212,000 59,386,000 2011 Net Premiums Written: 20,912,000 2011 Direct Written Premiums: 65,180,000
LEGAL EXPENSE
BY
BOILER & MACHINERY 2007 296,008,000 72,873,000 2008 293,207,000 212,088,000 2009 307,343,000 82,128,000 2010 323,996,000 118,071,000 2011 319,509,000 169,445,000 Total 1,540,063,000 654,605,000 2011 Net Premiums Written: 317,555,000 2011 Direct Written Premiums: 345,412,000
85.63 96.50 17.73 57.29 42.35 60.26
2007 10,555,000 3,440,000 2008 16,347,000 6,751,000 2009 17,572,000 7,787,000 2010 9,538,000 8,519,000 2011 10,573,000 6,687,000 Total 64,585,000 33,184,000 2011 Net Premiums Written: 11,329,000 2011 Direct Written Premiums: 11,272,000
RECORD
2007 17,055,717,000 12,059,190,000 70.70 2008 17,521,751,000 13,434,131,000 76.67 2009 18,117,985,000 13,697,840,000 75.60 2010 19,019,178,000 15,563,909,000 81.83 2011 18,692,039,000 13,867,167,000 74.19 Total 90,406,670,000 68,622,237,000 75.90 2011 Net Premiums Written: 19,215,457,000 2011 Direct Written Premiums: 19,270,788,000
Loss Ratio %
2007 56,086,000 48,026,000 2008 55,147,000 53,215,000 2009 53,045,000 9,405,000 2010 55,784,000 31,960,000 2011 55,848,000 23,653,000 Total 275,910,000 166,259,000 2011 Net Premiums Written: 55,835,000 2011 Direct Written Premiums: 58,537,000
YEAR
AIRCRAFT 2007 188,424,000 75,555,000 2008 199,875,000 129,756,000 2009 223,916,000 109,031,000 2010 199,674,000 117,584,000 2011 193,273,000 128,707,000 Total 1,005,162,000 560,633,000 2011 Net Premiums Written: 191,152,000 2011 Direct Written Premiums: 249,740,000
Net Losses Incurred $
HAIL
FIVE
2007 10,933,184,000 6,593,967,000 60.31 2008 11,637,623,000 8,321,331,000 71.50 2009 12,556,784,000 8,847,027,000 70.46 2010 13,239,501,000 8,136,548,000 61.46 2011 13,019,455,000 9,026,797,000 69.33 Total 61,386,547,000 40,925,670,000 66.67 2011 Net Premiums Written: 13,415,847,000 2011 Direct Written Premiums: 13,769,242,000
Net Premiums Earned $
50.43 17.70 –90.42 3.76 15.36 4.89
SURETY 15.85 16.73 16.58 32.20 17.70 20.30
TITLE 25.55 33.01 30.62 24.08 22.59 27.14
51
12-05-25 9:15 AM
52
p 052 Reinsur Results 2012.indd 52
canadianunderwriter.ca CANADIAN UNDERWRITER STATISTICAL ISSUE 2012
12-05-25 9:15 AM
General Reinsurance Corp........................
Caisse Centrale De Reassurance..............
Toa Reinsurance Co of America...............
Aspen Insurance UK Limited.....................
MAPFRE Re Compania De Re, S.A..........
Sirius America Insurance..........................
Munich Reinsurance America, Inc............
Nipponkoa Insurance Co Ltd....................
T.H.E. Insurance Company.......................
Alea (Bermuda) Ltd...................................
Endurance Reinsurance Corp America.....
TOTALS
13.
14.
15.
16.
17.
18.
19.
20.
21.
22.
Transatlantic Reinsurance.........................
7.
XL Re America Inc – Cdn Branch..............
Farm Mutual Reinsurance Plan.................
6.
12.
Hannover Ruckversicherung AG...............
5.
11.
Swiss Reinsurance Group.........................
4.
Odyssey Reinsurance Company...............
Everest Reinsurance Company.................
3.
Partner Reinsurance Co of the U.S...........
SCOR Canada Reinsurance......................
2.
10.
270,977,000
Munich Reinsurance Cda Group...............
1.
9.
$
Promutuel Reassurance............................
Written
8.
Premiums
Net
–1,490,000
7,000
95,000
1,074,000
15,856,000
16,725,000
16,463,000
34,048,000
39,278,000
52,656,000
51,915,000
63,383,000
65,053,000
123,995,000
111,198,000
114,293,000
113,090,000
131,214,000
147,927,000
148,814,000
162,190,000
280,107,000
$
100% Basis
Earned
Premiums
1,664,024,000 1,687,891,000
–1,490,000
4,000
88,000
1,151,000
13,354,000
15,526,000
16,770,000
30,766,000
39,341,000
50,183,000
50,408,000
56,657,000
65,677,000
110,005,000
110,921,000
111,894,000
119,007,000
138,874,000
152,279,000
154,352,000
157,280,000
Net
47.37
–9.68
27.03
74.15
60.18
78.58
76.66
85.07
–5.92
58.03
82.99
74.37
77.96
59.65
89.34
89.40
49.92
69.36
91.33
70.92
%
Ratio
1,204,915,000
0
71.39
0.00
315,316,000
107,000
11,000
15,000
196,000
2,985,000
3,634,000
4,393,000
5,539,000
6,094,000
11,578,000
2,414,000
15,700,000
12,613,000
27,329,000
20,832,000
24,549,000
15,433,000
29,496,000
2,914,000
33,499,000
34,641,000
61,344,000
$
Commissions
12,342,000
3,000
19,000
53,000
187,000
80,000
1,105,000
512,000
91,000
4,534,000
5,758,000
$
Taxes
Loss
140,460,000
141,000
413,000
144,000
463,000
538,000
2,408,000
687,000
3,792,000
2,994,000
3,205,000
9,010,000
8,165,000
3,051,000
7,487,000
10,256,000
3,935,000
9,010,000
2,407,000
29,779,000
6,939,000
9,538,000
26,098,000
$
Expenses
General
Earned
–214,000 –3,057.14
45,000
–104,000
4,286,000
12,401,000
9,907,000
26,754,000
30,112,000
44,794,000
–3,071,000
36,784,000
53,987,000
92,209,000
86,690,000
68,180,000
101,034,000
117,300,000
73,839,000
103,210,000
148,127,000
198,645,000
$
Expenses
& Adjusting
Net Claims
2011 REINSURANCE RESULTS Total
27.73
0.00
0.00
170.53
63.13
22.55
0.00
0.00
0.00
0.00
28.43
22.16
39.40
0.00
0.00
28.42
25.00
0.00
0.00
25.17
0.00
0.00
33.27
%
Ratio
Expense
Combined
99.12
0.00
0.00
217.90
53.45
49.58
0.00
0.00
0.00
0.00
113.50
16.24
97.43
0.00
0.00
106.38
84.65
0.00
0.00
75.09
0.00
0.00
104.19
%
Ratio
Loss & Exp.
25,784,000
–1,738,000
–203,000
–112,000
500,000
7,958,000
–1,718,000
1,476,000
–2,037,000
78,000
–7,108,000
43,482,000
1,455,000
–4,598,000
–3,030,000
–7,092,000
17,538,000
–1,251,000
–17,989,000
36,861,000
5,166,000
–30,116,000
–11,738,000
$
or Loss
Profit
323,538,000
108,000
830,000
48,000
1,016,000
6,937,000
1,755,000
1,144,000
7,187,000
6,258,000
11,775,000
5,255,000
13,380,000
13,295,000
40,931,000
7,430,000
16,691,000
33,860,000
18,743,000
13,598,000
27,909,000
27,289,000
68,099,000
$
Income
Inv.
Undrwtg.
16.71
4.81
–2.51
4.04
12.75
0.23
6.89
4.68
7.04
6.26
23.72
8.04
4.72
6.97
–0.32
9.01
14.98
0.55
8.46
7.58
–0.99
12.13
%
Equity
on
Return
ToaRe STAT12-AB-CUW
5/7/12
3:24 PM
Page 1
ToaRe
STABILITY The Toa Reinsurance Company of America 200 King Street West Suite: 1001, P.O. Box 41 Toronto, Ontario, Canada M5H 3T4 Phone: 416-366-5888 Fax: 416-366-7444
Web Site: www.toare.com
Tokyo • Morristown • Irvine • Toronto • London • Graubünden • Hong Kong • Kuala Lumpur • Singapore • Taipei
p 052 Reinsur Results 2012.indd 53
12-05-25 9:15 AM
54
p 054,056 dir writ prop 2012.indd 54
canadianunderwriter.ca CANADIAN UNDERWRITER STATISTICAL ISSUE 2012
12-05-25 9:16 AM
691,997,000 637,670,000 636,094,000 457,927,000 400,429,000 395,431,000 394,781,000 355,659,000 313,744,000 295,173,000 243,957,000 220,423,000 216,698,000 185,311,000 124,042,000 112,553,000 107,501,000 100,359,000 99,808,000 97,221,000 97,049,000 96,132,000 70,773,000 70,361,000 67,011,000 66,123,000 61,385,000 56,599,000 53,936,000 44,872,000 43,904,000 42,131,000 39,791,000 38,502,000
5. Wawanesa Mutual Insurance........................ 6. Lloyd’s Underwriters.....................................
7. TD Insurance General.................................... 8. Desjardins General Insurance Group............
9. The Economical Insurance Group................. 10. State Farm Insurance Company...................
11. Chartis Insurance Co of Canada................... 12. The Dominion Of Canada..............................
13. Northbridge Financial Corporation................ 14. Zurich Insurance Company Ltd.....................
15. Ontario Mutual Insurance.............................. 16. Chubb Insurance Co of Canada....................
17. SGI Canada Group........................................ 18. Factory Mutual Insurance Company.............
19. Allstate Insurance Co of Canada................... 20. La Capitale Assurances Gen Inc...................
21. Gore Mutual Insurance Company................. 22. RBC General Insurance.................................
23. Peace Hills General Insurance...................... 24. ACE INA Insurance.......................................
25. Portage La Prairie Mutual.............................. 26. Affiliated FM Insurance Company.................
27. Allianz Global Risks US................................. 28. Guarantee Company Of North America........
29. Travelers Canada.......................................... 30. SSQ, Societe D’Assurances Generales........
31. Red River Mutual........................................... 32. Industrielle Alliance Compagnie....................
33. Alberta Motor Association............................. 34. L’Unique Assurances Generales...................
35. CNA Canada................................................. 36. Grain Insurance & Guarantee........................
37. Liberty Mutual Insurance............................... 38. RBC Insurance Company Of Canada...........
39. Arch Insurance (Canada)............................... 40. Canadian Direct Insurance............................
868,648,000 699,367,000
966,667,000 882,898,000
3. Co–operators General Insurance Company.. 4. RSA Canada Group.......................................
1,637,165,000 1,164,465,000
Totals $
1. Intact Financial Corporation.......................... 2. Aviva Canada Inc..........................................
Company
80,000
770,000 127,000
255,000 523,000
646,000
991,000 87,000
892,000 453,000
736,000
30,000 673,000
8,000 4,897,000
411,000
8,127,000 3,578,000
2,952,000 8,333,000
4,767,000
4,074,000 1,296,000
10,888,000
33,910,000 39,853,000
1,662,000 26,645,000
Nfld. $
14,000
111,000 85,000
40,000 144,000
217,000
117,000 228,000
620,000 238,000
253,000
1,000 246,000
1,937,000 831,000
90,000
1,407,000 552,000
975,000 4,488,000
1,906,000
850,000 675,000
1,179,000 1,913,000
5,791,000 2,634,000
2,657,000 3,990,000
P.E.I. $
787,000
260,000 1,086,000
523,000 1,644,000
1,896,000
1,658,000 924,000
12,041,000 1,344,000
819,000
207,000 3,630,000
7,670,000
1,714,000 3,502,000
804,000
7,539,000 3,155,000
6,386,000 16,482,000
23,621,000
19,063,000 8,611,000
17,515,000 10,327,000
28,350,000 41,811,000
58,162,000 34,181,000
N.S. $
3,065,000
5,451,000
3,776,000 590,000
56,599,000
66,123,000
10,522,000 70,361,000
10,293,000 26,597,000
41,145,000
19,311,000
15,418,000
38,043,000 185,311,000
6,000 33,215,000
49,342,000
50,261,000 75,101,000
57,642,000 2,269,000
62,405,000
104,764,000 500,691,000
26,596,000 106,756,000
152,252,000 71,476,000
486,732,000 178,727,000
Quebec $
(Continued On Page 56)
1,210,000
608,000 652,000
954,000 1,459,000
440,000
1,126,000 558,000
4,223,000 595,000
1,059,000
40,000 2,174,000
11,243,000
2,566,000 7,126,000
2,246,000
5,960,000 4,536,000
5,639,000 6,271,000
19,401,000 17,414,000
12,338,000 3,691,000
24,180,000 11,786,000
22,210,000 21,977,000
18,094,000 26,704,000
N.B. $
9,838,000
8,574,000 29,756,000
10,191,000 8,270,000
106,000
19,259,000
33,655,000 60,858,000
12,494,000 32,086,000
27,742,000
78,478,000 73,622,000
137,036,000
11,983,000 71,612,000
313,744,000 152,566,000
171,151,000 92,485,000
95,581,000 255,513,000
290,216,000 399,655,000
349,139,000 100,705,000
146,011,000 141,291,000
305,148,000 314,995,000
574,142,000 474,390,000
Ontario $
3,109,000
877,000 698,000
5,344,000 4,647,000
8,646,000
59,273,000
7,165,000
1,731,000 1,620,000
44,343,000 3,128,000
12,183,000 5,523,000
195,000 421,000
14,722,000 7,136,000
4,080,000
11,156,000 6,125,000
8,835,000 1,007,000
7,707,000
3,878,000 5,229,000
95,631,000 19,750,000
36,475,000 13,790,000
50,021,000 53,088,000
Manitoba $
(Excludes A&S and Reinsurance Companies)
By company – on a province by province basis
1,188,000
3,991,000 700,000
3,485,000 10,567,000
15,000
7,738,000
2,905,000
8,901,000 212,000
10,368,000 2,001,000
6,370,000 6,444,000
81,000 673,000
198,963,000 10,729,000
1,586,000
17,218,000 10,161,000
10,467,000 939,000
1,745,000
2,562,000 1,011,000
96,793,000 14,966,000
55,889,000 15,271,000
1,570,000 33,385,000
Sask. $
2011 DIRECT WRITTEN PROPERTY
15,165,000 9,453,000
18,114,000 5,057,000
18,890,000 6,071,000
52,528,000
11,923,000
21,791,000 3,056,000
13,956,000 6,599,000
53,513,000 20,835,000
1,373,000 10,215,000
22,705,000
11,976,000 30,833,000
30,582,000
50,484,000 66,841,000
154,720,000 47,000,000
64,007,000 40,858,000
173,293,000 12,039,000
258,797,000 148,499,000
207,254,000 119,177,000
263,559,000 143,547,000
Alberta $
5,276,000 29,049,000
5,100,000 3,916,000
10,338,000 10,886,000
90,000
14,191,000
15,748,000 1,992,000
871,000 9,613,000
33,410,000 16,392,000
43,035,000 5,181,000
1,000
82,000 48,359,000
53,372,000
69,332,000 83,905,000
48,854,000 51,472,000
160,318,000
18,548,000 3,395,000
199,711,000 218,771,000
113,466,000 236,645,000
176,018,000 181,499,000
B.C. $
40,000
48,000 21,000
27,000 42,000
90,000
296,000
2,000
725,000 244,000
2,000 124,000
705,000
12,000
299,000 272,000
766,000 589,000
1,000
1,960,000 91,000
2,235,000 9,850,000
2,602,000 2,495,000
956,000 2,118,000
Yukon $
17,000
24,000
69,000 29,000
953,000
614,000
17,000
763,000 140,000
42,000
715,000
45,000
1,130,000 5,923,000
6,492,000 858,000
1,408,000 214,000
1,340,000
2,886,000 1,460,000
3,287,000 6,178,000
N.W.T. $
2,000
9,000
44,000
566,000
128,000
537,000 861,000
134,000
763,000
37,000
717,000 3,025,000
1,120,000 210,000
120,000 22,000
3,230,000
434,000 1,314,000
305,000 13,000
Nunavut $
速
SERVICEMASTER.indd 1
08/05/12 3:49 PM
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56
p 054,056 dir writ prop 2012.indd 56
canadianunderwriter.ca CANADIAN UNDERWRITER STATISTICAL ISSUE 2012
12-05-25 9:16 AM
27,607,000 26,094,000 24,633,000 18,909,000 17,916,000 17,093,000 16,394,000 14,169,000 13,996,000 12,846,000 12,128,000 11,594,000 9,300,000 8,382,000 7,866,000 6,767,000 6,275,000 6,084,000 3,472,000 3,085,000 2,887,000 2,876,000 2,311,000 1,876,000 1,869,000 868,000 357,000 104,000
47. Great American Insurance............................. 48. CAA Insurance Company (Ontario)..............
49. Jevco Insurance Company............................ 50. Unica Insurance.............................................
51. Omega General Insurance............................. 52. XL Insurance..................................................
53. Echelon General Insurance........................... 54. PEI Mutual Insurance Company....................
55. Lumbermen’s Underwriting Alliance............. 56. Ontario School Board’s Insurance................
57. Mennonite Mutual Fire Insurance.................. 58. Motors Insurance Corporation......................
59. Tokio Marine & Nichido Fire.......................... 60. Triton Insurance.............................................
61. Hartford Fire Insurance................................. 62. Mitsui Sumitomo Insurance...........................
63. Old Republic Insurance Company................ 64. Kings Mutual Insurance Company................
65. Everest Insurance Co of Canada.................. 66. The Mearie Group.........................................
67. Sompo Japan Insurance Inc......................... 68. Fundy Mutual Insurance................................
69. Clare Mutual Insurance Company................. 70. Boiler Inspection & Insurance Company.......
71. Berkley Insurance Company......................... 72. Federal Insurance Company.........................
73. Legacy General Insurance............................. 74. Trisura Guarantee Insurance.........................
Totals............................................................ 13,648,770,000
35,645,000 32,594,000
45. Mutual Fire Insurance Co of BC.................... 46. Pembridge Insurance Company....................
36,112,000 35,841,000
43. Le Groupe Estrie–Richelieu........................... 44. Saskatchewan Mutual Insurance..................
Totals $ 38,367,000 37,896,000
Company
41. Cumis General Insurance.............................. 42. North Waterloo Farmers Mutual....................
(Continued From Page 54)
158,879,000
17,000 1,000
2,000
14,000
1,000
1,000
137,000
24,000 160,000
1,000
54,000
40,000
63,000 21,000
356,000
21,000
302,000
Nfld. $
48,751,000
3,000
7,000 3,000
4,000
1,000
1,000
14,000 6,000
37,000 –6,000
1,000
6,000 14,169,000
19,000 7,000
44,000
22,000 85,000
139,000
P.E.I. $
333,314,000
18,000
5,000
2,311,000 53,000
4,000
118,000
90,000 6,075,000
5,000 2,000
89,000 213,000
7,000
382,000
153,000
199,000 636,000
718,000
171,000 662,000
3,560,000
2,131,000
N.S. $
249,975,000
15,000 2,000
10,000 12,000
390,000
4,000 2,876,000
50,000
138,000 3,000
34,000 7,000
3,000 188,000
1,000
477,000
63,000
62,000 536,000
587,000
125,000 691,000
3,508,000
1,713,000
N.B. $
2,581,381,000
72,000 27,000
176,000 43,000
99,000
343,000
888,000
22,000
188,000 249,000
671,000
7,000
7,448,000
3,291,000
129,000 2,205,000
16,112,000
128,000
2,329,000
36,112,000
2,000
Quebec $
4,991,891,000
116,000 53,000
1,203,000 725,000
877,000
1,704,000
1,463,000 3,085,000
5,167,000
1,465,000 3,617,000
4,789,000 2,432,000
16,000
–176,000 12,846,000
2,694,000
6,390,000 4,944,000
4,213,000 18,913,000
11,559,000 24,656,000
20,789,000
18,163,000 37,896,000
Ontario $
17,000 6,000
14,000
106,000
6,000
72,000
14,000
948,000 2,000
113,000 685,000
1,000
–33,000
234,000
109,000 706,000
769,000
1,905,000
433,000
4,514,000
8,419,000
Manitoba $
516,573,000
(Excludes A&S and Reinsurance Companies)
By company – on a province by province basis
2011 DIRECT WRITTEN PROPERTY
583,505,000
20,000
17,000 9,000
66,000
75,000
43,000
17,000
1,453,000 1,000
12,000 393,000
12,128,000 444,000
47,000
566,000
92,000 1,047,000
389,000
2,096,000
804,000
22,906,000
1,986,000
Sask. $
2,170,480,000
35,000 12,000
206,000 17,000
49,000
238,000
95,000
651,000
3,499,000 1,120,000
802,000 2,540,000
6,314,000
574,000
4,551,000
4,951,000 5,231,000
823,000 –4,000
7,669,000
2,606,000 2,408,000
8,421,000
2,962,000
Alberta $
1,938,315,000
41,000 3,000
227,000 57,000
218,000
511,000
739,000
25,000
273,000 1,769,000
2,758,000 1,639,000
4,802,000
5,226,000
4,777,000
5,883,000 1,754,000
547,000
3,878,000
31,802,000
2,550,000
B.C. $
26,690,000
1,000
56,000
–3,000
–3,000
5,000
9,000 2,000
4,000
7,000
Yukon $
34,821,000
2,000
2,000 2,000
1,000
2,000 82,000
3,000
14,000
8,000 4,000
71,000
26,000
N.W.T. $
13,595,000
2,000
2,000
Nunavut $
Underwriting Profit Producers – 2011 (Excluding A & S) 1.
Lloyd’s Underwriters...................................................................... 206,868,000
31.
Munich Reinsurance America, Inc..................................................... 7,958,000
2.
Intact Financial Corporation........................................................... 124,127,000
32.
L’Unique Assurances Generales........................................................ 6,532,000
3.
Chartis Insurance Co of Canada.................................................... 118,096,000
33.
Echelon General Insurance................................................................ 5,208,000
4.
Zurich Insurance Company Ltd........................................................ 89,987,000
34.
Everest Reinsurance Company.......................................................... 5,166,000
5.
Aviva Canada Inc............................................................................. 87,209,000
35.
Trisura Guarantee Insurance.............................................................. 4,794,000
6.
RSA Canada Group.......................................................................... 83,085,000
36.
Industrielle Alliance Compagnie......................................................... 4,362,000
7.
Chubb Insurance Co of Canada...................................................... 54,046,000
37.
Pacific Coast Fishermen’s Mutual Marine......................................... 4,241,000
8.
Travelers Canada............................................................................. 48,378,000
38.
Co-operative Hail Ins Co Ltd.............................................................. 3,927,000
9.
General Reinsurance Corp............................................................... 43,482,000
39.
Hartford Fire Insurance...................................................................... 3,734,000
10.
Swiss Reinsurance Group................................................................ 36,861,000
40.
Tokio Marine & Nichido Fire............................................................... 3,717,000
11.
Allstate Insurance Co of Canada..................................................... 36,022,000
41.
Old Republic Insurance Company..................................................... 3,601,000
12.
Motors Insurance Corporation......................................................... 33,403,000
42.
Gore Mutual Insurance Company...................................................... 3,028,000
13.
FCT................................................................................................... 31,649,000
43.
Le Groupe Estrie-Richelieu................................................................ 2,707,000
14.
Co-operators General Insurance Company..................................... 28,831,000
44.
North Waterloo Farmers Mutual......................................................... 2,641,000
15.
Desjardins General Insurance Group............................................... 28,651,000
45.
Western Surety Company.................................................................. 2,495,000
16.
Triton Insurance............................................................................... 27,777,000
46.
The Mearie Group.............................................................................. 2,467,000
17.
Affiliated FM Insurance Company.................................................... 24,386,000
47.
Grain Insurance & Guarantee............................................................. 2,397,000
18.
Boiler Inspection & Insurance Company.......................................... 21,821,000
48.
Sompo Japan Insurance Inc.............................................................. 2,186,000
19.
Stewart Title Guaranty Company..................................................... 21,629,000
49.
Saskatchewan Mutual Insurance....................................................... 1,674,000
20.
Transatlantic Reinsurance................................................................ 17,538,000
50.
Mutual Fire Insurance Co of BC......................................................... 1,534,000
21.
Ontario Mutual Insurance................................................................. 17,161,000
51.
MAPFRE Re Compania De Reaseguros, S.A..................................... 1,476,000
22.
La Capitale Assurances Gen Inc...................................................... 15,744,000
52.
XL Re America Inc - Cdn Branch....................................................... 1,455,000
23.
Jevco Insurance Company.............................................................. 14,630,000
53.
Corepoint Insurance........................................................................... 1,095,000
24.
TD Insurance General...................................................................... 14,564,000
54.
Mennonite Mutual Fire Insurance.......................................................... 859,000
25.
Pafco Insurance Company............................................................... 14,377,000
55.
Nipponkoa Insurance Co Ltd................................................................ 500,000
26.
XL Insurance...................................................................................... 9,180,000
56.
Atradius Credit Insurance N.V............................................................... 480,000
27.
SSQ, Societe D’Assurances Generales............................................. 9,105,000
57.
Federal Insurance Company................................................................. 266,000
28.
CNA Canada...................................................................................... 8,713,000
58.
ACE INA Insurance............................................................................... 129,000
29.
Ontario School Board’s Insurance..................................................... 8,453,000
59.
Toa Reinsurance Co of America............................................................. 78,000
30.
Canadian Direct Insurance................................................................. 8,102,000
60.
Legacy General Insurance........................................................................ 2,000
Underwriting Loss Producers – 2011 (Excluding A & S)
1. 2. 3. 4. 5. 6. 7. 8. 9. 10. 11. 12. 13. 14. 15. 16. 17. 18. 19. 20. 21. 22. 23. 24. 25. 26. 27.
Employers Insurance Of Wausau........................................................... -12,000 Cumis General Insurance....................................................................... -49,000 ICAROM PLC......................................................................................... -55,000 Clare Mutual Insurance Company.......................................................... -94,000 T.H.E. Insurance Company.................................................................. -112,000 Alea (Bermuda) Ltd.............................................................................. -203,000 Utica Mutual Insurance Co Ltd............................................................ -210,000 CAA Insurance Company (Ontario)..................................................... -289,000 Kings Mutual Insurance Company....................................................... -369,000 Security Ins Co of Hartford.................................................................. -475,000 Hanover Insurance Company.............................................................. -499,000 American Road Insurance Company................................................... -577,000 Euler Hermes American Credit............................................................. -616,000 Fundy Mutual Insurance....................................................................... -702,000 Alberta Motor Association.................................................................... -746,000 PEI Mutual Insurance Company........................................................... -805,000 Mitsui Sumitomo Insurance................................................................. -866,000 TIG Insurance.................................................................................... -1,056,000 Pembridge Insurance Company....................................................... -1,065,000 Red River Mutual............................................................................... -1,096,000 Farm Mutual Reinsurance Plan......................................................... -1,251,000 Omega General Insurance................................................................ -1,344,000 Arch Insurance (Canada)................................................................... -1,495,000 Allianz Global Risks US..................................................................... -1,574,000 Sirius America Insurance.................................................................. -1,718,000 Endurance Reinsurance Corp America............................................. -1,738,000 Everest Insurance Co of Canada...................................................... -1,961,000
CANADIAN UNDERWRITER STATISTICAL ISSUE 2012
p 057 Undrwrit profit & loss 2012.indd 57
28. 29. 30. 31. 32. 33. 34. 35. 36. 37. 38. 39. 40. 41. 42. 43. 44. 45. 46. 47. 48. 49. 50. 51. 52. 53.
Aspen Insurance UK Limited............................................................. -2,037,000 Partner Reinsurance Company of the U.S........................................ -3,030,000 Liberty Mutual Insurance................................................................... -3,098,000 Factory Mutual Insurance Company................................................. -4,224,000 Unica Insurance................................................................................ -4,260,000 Odyssey Reinsurance Company....................................................... -4,598,000 Berkley Insurance Company............................................................. -5,207,000 Peace Hills General Insurance.......................................................... -5,247,000 RBC General Insurance..................................................................... -6,440,000 Promutuel Reassurance.................................................................... -7,092,000 Caisse Centrale De Reassurance...................................................... -7,108,000 The Economical Insurance Group..................................................... -8,142,000 SGI Canada Group............................................................................ -8,491,000 Lawyers’ Professional Indemnity...................................................... -9,783,000 Great American Insurance.............................................................. -10,311,000 RBC Insurance Company Of Canada............................................. -10,514,000 Munich Reinsurance Cda Group..................................................... -11,738,000 Lumbermen’s Underwriting Alliance............................................... -14,447,000 Portage La Prairie Mutual................................................................ -15,640,000 Guarantee Company Of North America.......................................... -15,985,000 Hannover Ruckversicherung AG..................................................... -17,989,000 SCOR Canada Reinsurance............................................................ -30,116,000 Northbridge Financial Corporation.................................................. -65,351,000 Wawanesa Mutual Insurance.......................................................... -75,383,000 The Dominion Of Canada................................................................ -85,062,000 State Farm Insurance Company................................................... -481,778,000
57
12-05-25 9:19 AM
Leading Companies In The Provinces Direct Written Premiums – TOTAL BUSINESS – 2011 Newfoundland 1. 2. 3. 4. 5. 6. 7. 8. 9. 10. 11. 12. 13. 14. 15. 16. 17. 18. 19. 20. 21. 22. 23. 24. 25. 26. 27. 28. 29. 30.
RSA Canada Group................................... Aviva Canada Inc....................................... Co–operators General Insurance Co........ The Dominion Of Canada.......................... Northbridge Financial Corporation........... Lloyd’s Underwriters................................. The Economical Insurance Group............ TD Insurance General................................ Chartis Insurance Co of Canada.............. Zurich Insurance Company Ltd................ Factory Mutual Insurance Company........ Desjardins General Insurance Group....... Intact Financial Corporation..................... Portage La Prairie Mutual......................... RBC General Insurance............................. Travelers Canada....................................... Guarantee Company Of North America... FCT............................................................. ACE INA Insurance................................... Allianz Global Risks US............................. Liberty Mutual Insurance.......................... RBC Insurance Company Of Canada...... Triton Insurance......................................... CNA Canada.............................................. Chubb Insurance Co of Canada............... Jevco Insurance Company....................... Western Surety Company......................... XL Insurance.............................................. Grain Insurance & Guarantee.................... Old Republic Insurance Company............
139,567,000 98,327,000 86,821,000 40,004,000 24,635,000 23,722,000 21,130,000 14,235,000 8,708,000 7,641,000 5,744,000 5,495,000 5,418,000 3,491,000 3,481,000 2,680,000 2,641,000 2,529,000 2,213,000 2,096,000 1,892,000 1,752,000 1,699,000 1,512,000 1,457,000 1,432,000 1,281,000 1,208,000 867,000 766,000
Prince Edward Island 1. 2. 3. 4. 5. 6. 7. 8. 9. 10. 11. 12. 13. 14. 15. 16. 17. 18. 19. 20. 21. 22. 23. 24. 25. 26. 27. 28. 29. 30.
Co–operators General Insurance Co........ PEI Mutual Insurance Company............... Aviva Canada Inc....................................... The Dominion Of Canada.......................... SGI Canada Group.................................... RSA Canada Group................................... Wawanesa Mutual Insurance.................... Intact Financial Corporation..................... TD Insurance General................................ Northbridge Financial Corporation........... The Economical Insurance Group............ Desjardins General Insurance Group....... Lloyd’s Underwriters................................. Portage La Prairie Mutual......................... RBC General Insurance............................. Chartis Insurance Co of Canada.............. RBC Insurance Company Of Canada...... Factory Mutual Insurance Company........ Travelers Canada....................................... CAA Insurance Company (Ontario)......... Zurich Insurance Company Ltd................ Guarantee Company Of North America... Cumis General Insurance.......................... Allianz Global Risks US............................. Echelon General Insurance....................... ACE INA Insurance................................... FCT............................................................. CNA Canada.............................................. Liberty Mutual Insurance.......................... Stewart Title Guaranty Company.............
1. 2. 3. 4. 5. 6. 7. 8. 9. 10. 11.
Intact Financial Corporation..................... RSA Canada Group................................... Aviva Canada Inc....................................... Wawanesa Mutual Insurance.................... TD Insurance General................................ Co–operators General Insurance Co........ The Economical Insurance Group............ The Dominion Of Canada.......................... Portage La Prairie Mutual......................... Desjardins General Insurance Group....... Lloyd’s Underwriters.................................
17,739,000 16,845,000 16,354,000 16,072,000 9,881,000 8,995,000 8,934,000 8,738,000 5,755,000 5,522,000 4,943,000 4,182,000 3,783,000 3,755,000 3,358,000 1,743,000 1,113,000 1,046,000 1,003,000 963,000 931,000 861,000 768,000 693,000 667,000 626,000 521,000 384,000 303,000 278,000
Nova Scotia
58
p 058-063 2012 TOP 30.indd 58
142,597,000 118,755,000 113,426,000 65,175,000 64,970,000 63,983,000 57,848,000 46,655,000 41,215,000 29,267,000 29,127,000
12. 13. 14. 15. 16. 17. 18. 19. 20. 21. 22. 23. 24. 25. 26. 27. 28. 29. 30.
Allstate Insurance Co of Canada.............. Northbridge Financial Corporation........... Echelon General Insurance....................... Chartis Insurance Co of Canada.............. Pembridge Insurance Company............... RBC General Insurance............................. Zurich Insurance Company Ltd................ RBC Insurance Company Of Canada...... Kings Mutual Insurance Company........... Travelers Canada....................................... SGI Canada Group.................................... Cumis General Insurance.......................... Guarantee Company Of North America... ACE INA Insurance................................... Factory Mutual Insurance Company........ Allianz Global Risks US............................. Chubb Insurance Co of Canada............... CAA Insurance Company (Ontario)......... XL Insurance..............................................
28,986,000 26,335,000 17,133,000 14,676,000 13,129,000 12,430,000 11,550,000 9,712,000 7,275,000 6,832,000 5,742,000 5,405,000 5,253,000 4,575,000 4,041,000 3,907,000 3,534,000 3,499,000 3,208,000
1. 2. 3. 4. 5. 6. 7. 8. 9. 10. 11. 12. 13. 14. 15. 16. 17. 18. 19. 20. 21. 22. 23. 24. 25. 26. 27. 28. 29. 30.
Wawanesa Mutual Insurance.................... Aviva Canada Inc....................................... RSA Canada Group................................... The Economical Insurance Group............ Co–operators General Insurance Co........ State Farm Insurance Company............... Allstate Insurance Co of Canada.............. TD Insurance General................................ Intact Financial Corporation..................... Lloyd’s Underwriters................................. Northbridge Financial Corporation........... Chartis Insurance Co of Canada.............. The Dominion Of Canada.......................... Pembridge Insurance Company............... Desjardins General Insurance Group....... Zurich Insurance Company Ltd................ Portage La Prairie Mutual......................... RBC General Insurance............................. SGI Canada Group.................................... Factory Mutual Insurance Company........ Liberty Mutual Insurance.......................... ACE INA Insurance................................... Cumis General Insurance.......................... Guarantee Company Of North America... Chubb Insurance Co of Canada............... CAA Insurance Company (Ontario)......... RBC Insurance Company Of Canada...... Travelers Canada....................................... FCT............................................................. Fundy Mutual Insurance............................
1. 2. 3. 4. 5. 6. 7. 8. 9. 10. 11. 12. 13. 14. 15. 16. 17. 18. 19. 20. 21. 22. 23. 24.
Intact Financial Corporation..................... 1,108,626,000 Desjardins General Insurance Group....... 1,037,968,000 La Capitale Assurances Gen Inc.............. 495,711,000 Aviva Canada Inc....................................... 482,136,000 Co–operators General Insurance Co........ 315,379,000 Lloyd’s Underwriters................................. 289,456,000 Industrielle Alliance Compagnie............... 221,944,000 TD Insurance General................................ 212,230,000 SSQ, Societe D’Assurances Generales.... 207,853,000 RSA Canada Group................................... 161,527,000 Northbridge Financial Corporation........... 161,185,000 Zurich Insurance Company Ltd................ 156,960,000 Chartis Insurance Co of Canada.............. 150,704,000 L’Unique Assurances Generales.............. 129,401,000 The Economical Insurance Group............ 126,959,000 Chubb Insurance Co of Canada............... 106,470,000 Allstate Insurance Co of Canada.............. 102,172,000 Jevco Insurance Company....................... 90,249,000 Wawanesa Mutual Insurance.................... 80,927,000 Guarantee Company Of North America... 46,872,000 ACE INA Insurance................................... 45,505,000 Affiliated FM Insurance Company............ 44,902,000 Allianz Global Risks US............................. 44,404,000 Travelers Canada....................................... 43,538,000
New Brunswick 105,782,000 84,937,000 63,499,000 59,285,000 55,922,000 49,326,000 48,520,000 47,215,000 41,850,000 26,701,000 24,972,000 20,807,000 19,642,000 16,557,000 15,386,000 13,104,000 12,890,000 9,788,000 9,165,000 9,141,000 8,506,000 7,498,000 4,916,000 4,682,000 4,144,000 3,906,000 3,905,000 3,664,000 3,310,000 3,266,000
Québec
25. 26. 27. 28. 29. 30.
Le Groupe Estrie–Richelieu....................... Factory Mutual Insurance Company........ CNA Canada.............................................. RBC General Insurance............................. Liberty Mutual Insurance.......................... RBC Insurance Company Of Canada......
42,277,000 41,358,000 40,314,000 37,508,000 30,968,000 30,762,000
1. 2. 3. 4. 5. 6. 7. 8. 9. 10. 11. 12. 13. 14. 15. 16. 17. 18. 19. 20. 21. 22. 23. 24. 25. 26. 27. 28. 29. 30.
Intact Financial Corporation..................... 2,150,738,000 Aviva Canada Inc....................................... 1,838,436,000 State Farm Insurance Company............... 1,717,256,000 TD Insurance General................................ 1,551,477,000 RSA Canada Group................................... 1,243,531,000 The Economical Insurance Group............ 978,631,000 Co–operators General Insurance Co........ 965,815,000 The Dominion Of Canada.......................... 940,956,000 Allstate Insurance Co of Canada.............. 686,951,000 Desjardins General Insurance Group....... 670,053,000 Ontario Mutual Insurance.......................... 639,990,000 Wawanesa Mutual Insurance.................... 639,846,000 Northbridge Financial Corporation........... 621,205,000 Lloyd’s Underwriters................................. 566,727,000 RBC General Insurance............................. 410,934,000 Zurich Insurance Company Ltd................ 367,129,000 Chubb Insurance Co of Canada............... 352,687,000 Chartis Insurance Co of Canada.............. 349,977,000 Gore Mutual Insurance Company............. 265,350,000 Guarantee Company Of North America... 228,733,000 RBC Insurance Company Of Canada...... 225,438,000 Jevco Insurance Company....................... 220,013,000 Motors Insurance Corporation.................. 153,848,000 Travelers Canada....................................... 153,031,000 CAA Insurance Company (Ontario)......... 151,953,000 ACE INA Insurance................................... 117,678,000 Lawyers’ Professional Indemnity.............. 115,415,000 Pembridge Insurance Company............... 113,575,000 Echelon General Insurance....................... 112,219,000 Unica Insurance......................................... 100,222,000
1. 2. 3. 4. 5. 6. 7. 8. 9. 10. 11. 12. 13. 14. 15. 16. 17. 18. 19. 20. 21. 22. 23. 24. 25. 26. 27. 28. 29. 30.
Wawanesa Mutual Insurance.................... Aviva Canada Inc....................................... Red River Mutual....................................... Intact Financial Corporation..................... Portage La Prairie Mutual......................... Lloyd’s Underwriters................................. Co–operators General Insurance Co........ RSA Canada Group................................... Northbridge Financial Corporation........... Chartis Insurance Co of Canada.............. SGI Canada Group.................................... Travelers Canada....................................... CNA Canada.............................................. Zurich Insurance Company Ltd................ Peace Hills General Insurance.................. ACE INA Insurance................................... Cumis General Insurance.......................... RBC Insurance Company Of Canada...... The Economical Insurance Group............ Chubb Insurance Co of Canada............... Alberta Motor Association........................ Factory Mutual Insurance Company........ Allianz Global Risks US............................. Co–operative Hail Ins Co Ltd.................... Saskatchewan Mutual Insurance............. FCT............................................................. Grain Insurance & Guarantee.................... Guarantee Company Of North America... Desjardins General Insurance Group....... Arch Insurance (Canada)...........................
1. 2. 3. 4.
SGI Canada Group.................................... Wawanesa Mutual Insurance.................... Co–operators General Insurance Co........ Aviva Canada Inc.......................................
Ontario
Manitoba 98,931,000 70,031,000 62,200,000 58,345,000 46,536,000 44,004,000 43,588,000 26,121,000 23,267,000 21,299,000 17,230,000 15,536,000 13,126,000 12,342,000 12,183,000 10,989,000 10,805,000 9,432,000 9,078,000 8,870,000 8,646,000 8,045,000 7,809,000 6,880,000 6,630,000 6,240,000 6,044,000 5,311,000 5,229,000 4,727,000
Saskatchewan 361,121,000 100,819,000 70,103,000 51,602,000
canadianunderwriter.ca CANADIAN UNDERWRITER STATISTICAL ISSUE 2012
12-05-25 9:18 AM
Leading Companies In The Provinces Direct Written Premiums – TOTAL BUSINESS – 2011 5. 6. 7. 8. 9. 10. 11. 12. 13. 14. 15. 16. 17. 18. 19. 20. 21. 22. 23. 24. 25. 26. 27. 28. 29. 30.
Co–operative Hail Ins Co Ltd.................... Lloyd’s Underwriters................................. Saskatchewan Mutual Insurance............. Northbridge Financial Corporation........... RSA Canada Group................................... Chartis Insurance Co of Canada.............. Zurich Insurance Company Ltd................ Factory Mutual Insurance Company........ Allianz Global Risks US............................. Mennonite Mutual Fire Insurance............. Grain Insurance & Guarantee.................... Portage La Prairie Mutual......................... ACE INA Insurance................................... Travelers Canada....................................... Red River Mutual....................................... CNA Canada.............................................. FCT............................................................. Peace Hills General Insurance.................. Liberty Mutual Insurance.......................... Western Surety Company......................... Chubb Insurance Co of Canada............... RBC Insurance Company Of Canada...... Cumis General Insurance.......................... XL Insurance.............................................. Guarantee Company Of North America... Great American Insurance........................
1. 2. 3. 4. 5. 6. 7. 8. 9. 10. 11. 12. 13. 14. 15. 16. 17. 18. 19. 20. 21. 22. 23. 24. 25. 26. 27. 28. 29. 30.
Intact Financial Corporation..................... Wawanesa Mutual Insurance.................... TD Insurance General................................ Co–operators General Insurance Co........ Aviva Canada Inc....................................... RSA Canada Group................................... Lloyd’s Underwriters................................. Alberta Motor Association........................ Chartis Insurance Co of Canada.............. The Economical Insurance Group............ Zurich Insurance Company Ltd................ Northbridge Financial Corporation........... State Farm Insurance Company............... The Dominion Of Canada.......................... Peace Hills General Insurance.................. Allstate Insurance Co of Canada.............. Chubb Insurance Co of Canada............... Travelers Canada....................................... Canadian Direct Insurance........................ Desjardins General Insurance Group....... ACE INA Insurance................................... Liberty Mutual Insurance.......................... CNA Canada.............................................. RBC Insurance Company Of Canada...... RBC General Insurance............................. Allianz Global Risks US............................. SGI Canada Group.................................... Factory Mutual Insurance Company........ Portage La Prairie Mutual......................... FCT.............................................................
1. 2. 3. 4. 5. 6. 7. 8. 9. 10. 11. 12. 13. 14. 15. 16. 17.
Lloyd’s Underwriters................................. RSA Canada Group................................... The Economical Insurance Group............ Aviva Canada Inc....................................... Intact Financial Corporation..................... Wawanesa Mutual Insurance.................... Co–operators General Insurance Co........ Zurich Insurance Company Ltd................ Northbridge Financial Corporation........... Chartis Insurance Co of Canada.............. Chubb Insurance Co of Canada............... Canadian Direct Insurance........................ The Dominion Of Canada.......................... Factory Mutual Insurance Company........ Travelers Canada....................................... Gore Mutual Insurance Company............. RBC Insurance Company Of Canada......
38,176,000 34,728,000 33,378,000 31,510,000 22,916,000 22,475,000 16,002,000 14,257,000 13,628,000 13,405,000 13,075,000 11,974,000 11,180,000 10,628,000 8,191,000 7,649,000 6,624,000 6,370,000 5,296,000 4,826,000 4,793,000 4,622,000 4,355,000 3,282,000 2,766,000 2,621,000
Alberta 864,319,000 753,262,000 597,236,000 530,490,000 413,824,000 384,457,000 342,846,000 250,844,000 246,168,000 192,787,000 178,165,000 171,501,000 166,070,000 136,255,000 114,880,000 89,097,000 79,208,000 61,324,000 56,709,000 56,101,000 53,812,000 51,987,000 48,721,000 47,918,000 47,605,000 45,023,000 41,872,000 40,791,000 40,243,000 36,150,000
British Columbia 409,664,000 356,260,000 256,662,000 229,097,000 218,462,000 209,219,000 148,540,000 129,491,000 113,393,000 100,682,000 92,167,000 72,930,000 58,875,000 54,416,000 54,398,000 50,869,000 43,109,000
18. 19. 20. 21. 22. 23. 24. 25. 26. 27. 28. 29. 30.
40,431,000 38,474,000 35,306,000 33,410,000 32,510,000 18,548,000 18,325,000 17,090,000 15,550,000 12,633,000 12,168,000 12,031,000 11,908,000
Yukon Territory 1. 2. 3. 4. 5. 6. 7. 8. 9. 10. 11. 12. 13. 14. 15. 16. 17. 18. 19. 20. 21. 22. 23. 24. 25. 26. 27. 28. 29. 30.
Lloyd’s Underwriters................................. 15,313,000 TD Insurance General................................ 7,304,000 Wawanesa Mutual Insurance.................... 6,676,000 Co–operators General Insurance Co........ 6,078,000 Aviva Canada Inc....................................... 5,795,000 RSA Canada Group................................... 5,690,000 Intact Financial Corporation..................... 3,493,000 The Dominion Of Canada.......................... 1,745,000 Peace Hills General Insurance.................. 1,668,000 Chartis Insurance Co of Canada.............. 1,520,000 Allianz Global Risks US............................. 1,424,000 Northbridge Financial Corporation........... 1,068,000 Factory Mutual Insurance Company........ 951,000 Travelers Canada....................................... 890,000 Zurich Insurance Company Ltd................ 780,000 ACE INA Insurance................................... 592,000 Desjardins General Insurance Group....... 477,000 Trisura Guarantee Insurance.................... 374,000 RBC General Insurance............................. 372,000 RBC Insurance Company Of Canada...... 275,000 Chubb Insurance Co of Canada............... 254,000 239,000 FCT............................................................. Liberty Mutual Insurance.......................... 232,000 XL Insurance.............................................. 205,000 Jevco Insurance Company....................... 191,000 CNA Canada.............................................. 163,000 The Economical Insurance Group............ 123,000 Great American Insurance........................ 110,000 Triton Insurance......................................... 105,000 State Farm Insurance Company............... 105,000
Nunavut 1. 2. 3. 4. 5. 6. 7. 8. 9. 10. 11. 12. 13. 14. 15. 16. 17. 18. 19. 20. 21. 22. 23. 24. 25. 26. 27. 28. 29. 30.
Lloyd’s Underwriters................................. Zurich Insurance Company Ltd................ RSA Canada Group................................... Travelers Canada....................................... Chartis Insurance Co of Canada.............. Northbridge Financial Corporation........... ACE INA Insurance................................... Factory Mutual Insurance Company........ Aviva Canada Inc....................................... Intact Financial Corporation..................... Allianz Global Risks US............................. Peace Hills General Insurance.................. Co–operators General Insurance Co........ TD Insurance General................................ The Dominion Of Canada.......................... RBC General Insurance............................. CNA Canada.............................................. Wawanesa Mutual Insurance.................... State Farm Insurance Company............... Chubb Insurance Co of Canada............... Desjardins General Insurance Group....... The Economical Insurance Group............ XL Insurance.............................................. Trisura Guarantee Insurance.................... FCT............................................................. Berkley Insurance Company..................... Allstate Insurance Co of Canada.............. RBC Insurance Company Of Canada...... Old Republic Insurance Company............ Boiler Inspection & Insurance Company..
4,934,000 3,427,000 3,209,000 1,344,000 1,291,000 1,056,000 949,000 919,000 851,000 832,000 666,000 659,000 643,000 433,000 431,000 245,000 176,000 134,000 114,000 109,000 107,000 101,000 98,000 92,000 78,000 69,000 48,000 44,000 29,000 29,000
Notes:
Northwest Territories 1. 2. 3. 4. 5. 6. 7. 8. 9. 10. 11. 12. 13. 14. 15. 16. 17. 18. 19. 20. 21. 22. 23. 24. 25. 26. 27. 28. 29. 30.
CANADIAN UNDERWRITER STATISTICAL ISSUE 2012
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CNA Canada.............................................. Allianz Global Risks US............................. Mutual Fire Insurance Co of BC............... Peace Hills General Insurance.................. ACE INA Insurance................................... TD Insurance General................................ Liberty Mutual Insurance.......................... FCT............................................................. L’Unique Assurances Generales.............. Grain Insurance & Guarantee.................... Great American Insurance........................ Guarantee Company Of North America... XL Insurance..............................................
Aviva Canada Inc....................................... 11,713,000 Chartis Insurance Co of Canada.............. 8,845,000 Intact Financial Corporation..................... 8,231,000 Lloyd’s Underwriters................................. 7,455,000 Zurich Insurance Company Ltd................ 7,263,000 Co–operators General Insurance Co........ 5,687,000 TD Insurance General................................ 5,248,000 RSA Canada Group................................... 4,360,000 Allianz Global Risks US............................. 2,994,000 Northbridge Financial Corporation........... 2,217,000 Travelers Canada....................................... 1,973,000 The Dominion Of Canada.......................... 1,561,000 Peace Hills General Insurance.................. 1,265,000 Desjardins General Insurance Group....... 1,176,000 XL Insurance.............................................. 896,000 Factory Mutual Insurance Company........ 838,000 Jevco Insurance Company....................... 591,000 Wawanesa Mutual Insurance.................... 455,000 ACE INA Insurance................................... 437,000 State Farm Insurance Company............... 416,000 CNA Canada.............................................. 350,000 Guarantee Company Of North America... 300,000 The Economical Insurance Group............ 299,000 RBC Insurance Company Of Canada...... 293,000 RBC General Insurance............................. 283,000 Chubb Insurance Co of Canada............... 192,000 Allstate Insurance Co of Canada.............. 182,000 Triton Insurance......................................... 178,000 Mitsui Sumitomo Insurance...................... 146,000 117,000 FCT............................................................. 59
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Leading Companies In The Provinces Direct Written Premiums – PROPERTY – 2011 Newfoundland 1. 2. 3. 4. 5. 6. 7. 8. 9. 10. 11. 12. 13. 14. 15. 16. 17. 18. 19. 20. 21. 22. 23. 24. 25. 26. 27. 28. 29. 30.
RSA Canada Group................................... Co–operators General Insurance Co........ Aviva Canada Inc....................................... Lloyd’s Underwriters................................. The Dominion Of Canada.......................... Northbridge Financial Corporation........... Factory Mutual Insurance Company........ The Economical Insurance Group............ TD Insurance General................................ Zurich Insurance Company Ltd................ Chartis Insurance Co of Canada.............. Intact Financial Corporation..................... Desjardins General Insurance Group....... Allianz Global Risks US............................. Portage La Prairie Mutual......................... Liberty Mutual Insurance.......................... ACE INA Insurance................................... RBC General Insurance............................. Travelers Canada....................................... Grain Insurance & Guarantee.................... Affiliated FM Insurance Company............ Chubb Insurance Co of Canada............... Jevco Insurance Company....................... Cumis General Insurance.......................... CNA Canada.............................................. Triton Insurance......................................... Old Republic Insurance Company............ RBC Insurance Company Of Canada...... Guarantee Company Of North America... Arch Insurance (Canada)...........................
39,853,000 33,910,000 26,645,000 10,888,000 8,333,000 8,127,000 4,897,000 4,767,000 4,074,000 3,578,000 2,952,000 1,662,000 1,296,000 991,000 892,000 770,000 736,000 673,000 646,000 523,000 453,000 411,000 356,000 302,000 255,000 160,000 137,000 127,000 87,000 80,000
Prince Edward Island 1. 2. 3. 4. 5. 6. 7. 8. 9. 10. 11. 12. 13. 14. 15. 16. 17. 18. 19. 20. 21. 22. 23. 24. 25. 26. 27. 28. 29. 30.
PEI Mutual Insurance Company............... 14,169,000 Co–operators General Insurance Co........ 5,791,000 The Dominion Of Canada.......................... 4,488,000 Aviva Canada Inc....................................... 3,990,000 Intact Financial Corporation..................... 2,657,000 RSA Canada Group................................... 2,634,000 SGI Canada Group.................................... 1,937,000 Lloyd’s Underwriters................................. 1,913,000 The Economical Insurance Group............ 1,906,000 Northbridge Financial Corporation........... 1,407,000 Wawanesa Mutual Insurance.................... 1,179,000 Chartis Insurance Co of Canada.............. 975,000 TD Insurance General................................ 850,000 Factory Mutual Insurance Company........ 831,000 Desjardins General Insurance Group....... 675,000 Portage La Prairie Mutual......................... 620,000 Zurich Insurance Company Ltd................ 552,000 ACE INA Insurance................................... 253,000 RBC General Insurance............................. 246,000 Affiliated FM Insurance Company............ 238,000 Guarantee Company Of North America... 228,000 Travelers Canada....................................... 217,000 Grain Insurance & Guarantee.................... 144,000 Cumis General Insurance.......................... 139,000 Allianz Global Risks US............................. 117,000 Liberty Mutual Insurance.......................... 111,000 Chubb Insurance Co of Canada............... 90,000 CAA Insurance Company (Ontario)......... 85,000 RBC Insurance Company Of Canada...... 85,000 Jevco Insurance Company....................... 44,000
1. 2. 3. 4. 5. 6. 7. 8. 9. 10. 11.
Intact Financial Corporation..................... RSA Canada Group................................... Aviva Canada Inc....................................... Co–operators General Insurance Co........ The Economical Insurance Group............ TD Insurance General................................ Wawanesa Mutual Insurance.................... The Dominion Of Canada.......................... Portage La Prairie Mutual......................... Lloyd’s Underwriters................................. Desjardins General Insurance Group.......
Nova Scotia
60
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58,162,000 41,811,000 34,181,000 28,350,000 23,621,000 19,063,000 17,515,000 16,482,000 12,041,000 10,327,000 8,611,000
12. 13. 14. 15. 16. 17. 18. 19. 20. 21. 22. 23. 24. 25. 26. 27. 28. 29. 30.
Allstate Insurance Co of Canada.............. Northbridge Financial Corporation........... Chartis Insurance Co of Canada.............. Kings Mutual Insurance Company........... RBC General Insurance............................. Pembridge Insurance Company............... Factory Mutual Insurance Company........ Zurich Insurance Company Ltd................ Clare Mutual Insurance Company............ Cumis General Insurance.......................... Travelers Canada....................................... SGI Canada Group.................................... Allianz Global Risks US............................. Grain Insurance & Guarantee.................... Affiliated FM Insurance Company............ RBC Insurance Company Of Canada...... Guarantee Company Of North America... ACE INA Insurance................................... Chubb Insurance Co of Canada...............
1. 2. 3. 4. 5. 6. 7. 8. 9. 10. 11. 12. 13. 14. 15. 16. 17. 18. 19. 20. 21. 22. 23. 24. 25. 26. 27. 28. 29. 30.
Aviva Canada Inc....................................... Wawanesa Mutual Insurance.................... Co–operators General Insurance Co........ RSA Canada Group................................... The Economical Insurance Group............ Intact Financial Corporation..................... State Farm Insurance Company............... TD Insurance General................................ Lloyd’s Underwriters................................. Allstate Insurance Co of Canada.............. Factory Mutual Insurance Company........ The Dominion Of Canada.......................... Northbridge Financial Corporation........... Chartis Insurance Co of Canada.............. Zurich Insurance Company Ltd................ Portage La Prairie Mutual......................... Desjardins General Insurance Group....... Pembridge Insurance Company............... Fundy Mutual Insurance............................ SGI Canada Group.................................... Chubb Insurance Co of Canada............... RBC General Insurance............................. Cumis General Insurance.......................... Grain Insurance & Guarantee.................... Arch Insurance (Canada)........................... Allianz Global Risks US............................. ACE INA Insurance................................... CNA Canada.............................................. CAA Insurance Company (Ontario)......... RBC Insurance Company Of Canada......
1. 2. 3. 4. 5. 6. 7. 8. 9. 10. 11. 12. 13. 14. 15. 16. 17. 18. 19. 20. 21. 22. 23. 24.
Desjardins General Insurance Group....... Intact Financial Corporation..................... La Capitale Assurances Gen Inc.............. Aviva Canada Inc....................................... Co–operators General Insurance Co........ Lloyd’s Underwriters................................. TD Insurance General................................ Zurich Insurance Company Ltd................ RSA Canada Group................................... SSQ, Societe D’Assurances Generales.... Industrielle Alliance Compagnie............... The Economical Insurance Group............ Chartis Insurance Co of Canada.............. L’Unique Assurances Generales.............. Northbridge Financial Corporation........... Chubb Insurance Co of Canada............... Affiliated FM Insurance Company............ Allstate Insurance Co of Canada.............. Le Groupe Estrie–Richelieu....................... Factory Mutual Insurance Company........ Guarantee Company Of North America... Wawanesa Mutual Insurance.................... ACE INA Insurance................................... Jevco Insurance Company.......................
7,670,000 7,539,000 6,386,000 6,075,000 3,630,000 3,560,000 3,502,000 3,155,000 2,311,000 2,131,000 1,896,000 1,714,000 1,658,000 1,644,000 1,344,000 1,086,000 924,000 819,000 804,000
New Brunswick 26,704,000 24,180,000 22,210,000 21,977,000 19,401,000 18,094,000 17,414,000 12,338,000 11,786,000 11,243,000 7,126,000 6,271,000 5,960,000 5,639,000 4,536,000 4,223,000 3,691,000 3,508,000 2,876,000 2,566,000 2,246,000 2,174,000 1,713,000 1,459,000 1,210,000 1,126,000 1,059,000 954,000 691,000 652,000
Québec 500,691,000 486,732,000 185,311,000 178,727,000 152,252,000 106,756,000 104,764,000 75,101,000 71,476,000 70,361,000 66,123,000 62,405,000 57,642,000 56,599,000 50,261,000 49,342,000 41,145,000 38,043,000 36,112,000 33,215,000 26,597,000 26,596,000 19,311,000 16,112,000
25. 26. 27. 28. 29. 30.
RBC General Insurance............................. 15,418,000 Travelers Canada....................................... 10,522,000 Allianz Global Risks US............................. 10,293,000 Lumbermen’s Underwriting Alliance........ 7,448,000 Liberty Mutual Insurance.......................... 5,451,000 CNA Canada.............................................. 3,776,000
1. 2. 3. 4. 5. 6. 7. 8. 9. 10. 11. 12. 13. 14. 15. 16. 17. 18. 19. 20. 21. 22. 23. 24. 25. 26. 27. 28. 29. 30.
Intact Financial Corporation..................... Aviva Canada Inc....................................... State Farm Insurance Company............... TD Insurance General................................ RSA Canada Group................................... Ontario Mutual Insurance.......................... Co–operators General Insurance Co........ The Economical Insurance Group............ The Dominion Of Canada.......................... Northbridge Financial Corporation........... Chubb Insurance Co of Canada............... Wawanesa Mutual Insurance.................... Lloyd’s Underwriters................................. Allstate Insurance Co of Canada.............. Desjardins General Insurance Group....... Chartis Insurance Co of Canada.............. Zurich Insurance Company Ltd................ Gore Mutual Insurance Company............. RBC General Insurance............................. Factory Mutual Insurance Company........ Guarantee Company Of North America... North Waterloo Farmers Mutual............... Allianz Global Risks US............................. Affiliated FM Insurance Company............ RBC Insurance Company Of Canada...... ACE INA Insurance................................... CAA Insurance Company (Ontario)......... Pembridge Insurance Company............... Travelers Canada....................................... Unica Insurance.........................................
1. 2. 3. 4. 5. 6. 7. 8. 9. 10. 11. 12. 13. 14. 15. 16. 17. 18. 19. 20. 21. 22. 23. 24. 25. 26. 27. 28. 29. 30.
Wawanesa Mutual Insurance.................... Red River Mutual....................................... Aviva Canada Inc....................................... Intact Financial Corporation..................... Portage La Prairie Mutual......................... Co–operators General Insurance Co........ Lloyd’s Underwriters................................. SGI Canada Group.................................... RSA Canada Group................................... Peace Hills General Insurance.................. Northbridge Financial Corporation........... Chartis Insurance Co of Canada.............. Alberta Motor Association........................ Cumis General Insurance.......................... The Economical Insurance Group............ Travelers Canada....................................... Factory Mutual Insurance Company........ Zurich Insurance Company Ltd................ ACE INA Insurance................................... CNA Canada.............................................. Desjardins General Insurance Group....... Grain Insurance & Guarantee.................... Saskatchewan Mutual Insurance............. Chubb Insurance Co of Canada............... TD Insurance General................................ Affiliated FM Insurance Company............ Arch Insurance (Canada)........................... Great American Insurance........................ Allianz Global Risks US............................. Guarantee Company Of North America...
1. 2. 3. 4.
SGI Canada Group.................................... Wawanesa Mutual Insurance.................... Co–operators General Insurance Co........ Aviva Canada Inc.......................................
Ontario 574,142,000 474,390,000 399,655,000 349,139,000 314,995,000 313,744,000 305,148,000 290,216,000 255,513,000 171,151,000 152,566,000 146,011,000 141,291,000 137,036,000 100,705,000 95,581,000 92,485,000 78,478,000 73,622,000 71,612,000 60,858,000 37,896,000 33,655,000 32,086,000 29,756,000 27,742,000 24,656,000 20,789,000 19,259,000 18,913,000
Manitoba 95,631,000 59,273,000 53,088,000 50,021,000 44,343,000 36,475,000 19,750,000 14,722,000 13,790,000 12,183,000 11,156,000 8,835,000 8,646,000 8,419,000 7,707,000 7,165,000 7,136,000 6,125,000 5,523,000 5,344,000 5,229,000 4,647,000 4,514,000 4,080,000 3,878,000 3,128,000 3,109,000 1,905,000 1,731,000 1,620,000
Saskatchewan 198,963,000 96,793,000 55,889,000 33,385,000
canadianunderwriter.ca CANADIAN UNDERWRITER STATISTICAL ISSUE 2012
12-05-25 9:18 AM
Leading Companies In The Provinces Direct Written Premiums – PROPERTY – 2011 5. 6. 7. 8. 9. 10. 11. 12. 13. 14. 15. 16. 17. 18. 19. 20. 21. 22. 23. 24. 25. 26. 27. 28. 29. 30.
Saskatchewan Mutual Insurance............. Northbridge Financial Corporation........... RSA Canada Group................................... Lloyd’s Underwriters................................. Mennonite Mutual Fire Insurance............. Factory Mutual Insurance Company........ Grain Insurance & Guarantee.................... Chartis Insurance Co of Canada.............. Portage La Prairie Mutual......................... Zurich Insurance Company Ltd................ Allianz Global Risks US............................. Red River Mutual....................................... ACE INA Insurance................................... Peace Hills General Insurance.................. Liberty Mutual Insurance.......................... CNA Canada.............................................. Travelers Canada....................................... TD Insurance General................................ Great American Insurance........................ Affiliated FM Insurance Company............ Cumis General Insurance.......................... The Economical Insurance Group............ Chubb Insurance Co of Canada............... Intact Financial Corporation..................... Hartford Fire Insurance............................. Arch Insurance (Canada)...........................
1. 2. 3. 4. 5. 6. 7. 8. 9. 10. 11. 12. 13. 14. 15. 16. 17. 18. 19. 20. 21. 22. 23. 24. 25. 26. 27. 28. 29. 30.
Intact Financial Corporation..................... Wawanesa Mutual Insurance.................... Co–operators General Insurance Co........ TD Insurance General................................ Chartis Insurance Co of Canada.............. Lloyd’s Underwriters................................. Aviva Canada Inc....................................... RSA Canada Group................................... Zurich Insurance Company Ltd................ The Economical Insurance Group............ Peace Hills General Insurance.................. Alberta Motor Association........................ Northbridge Financial Corporation........... The Dominion Of Canada.......................... State Farm Insurance Company............... Factory Mutual Insurance Company........ Chubb Insurance Co of Canada............... Allstate Insurance Co of Canada.............. Allianz Global Risks US............................. ACE INA Insurance................................... CNA Canada.............................................. Liberty Mutual Insurance.......................... Arch Insurance (Canada)........................... Portage La Prairie Mutual......................... Desjardins General Insurance Group....... SGI Canada Group.................................... Travelers Canada....................................... RBC General Insurance............................. Canadian Direct Insurance........................ Saskatchewan Mutual Insurance.............
1. 2. 3. 4. 5. 6. 7. 8. 9. 10. 11. 12. 13. 14. 15. 16. 17.
RSA Canada Group................................... Lloyd’s Underwriters................................. Wawanesa Mutual Insurance.................... Aviva Canada Inc....................................... Intact Financial Corporation..................... The Economical Insurance Group............ Co–operators General Insurance Co........ Zurich Insurance Company Ltd................ Northbridge Financial Corporation........... Chubb Insurance Co of Canada............... The Dominion Of Canada.......................... Chartis Insurance Co of Canada.............. Factory Mutual Insurance Company........ Gore Mutual Insurance Company............. Peace Hills General Insurance.................. Mutual Fire Insurance Co of BC............... Canadian Direct Insurance........................
22,906,000 17,218,000 15,271,000 14,966,000 12,128,000 10,729,000 10,567,000 10,467,000 10,368,000 10,161,000 8,901,000 7,738,000 6,444,000 6,370,000 3,991,000 3,485,000 2,905,000 2,562,000 2,096,000 2,001,000 1,986,000 1,745,000 1,586,000 1,570,000 1,453,000 1,188,000
Alberta 263,559,000 258,797,000 207,254,000 173,293,000 154,720,000 148,499,000 143,547,000 119,177,000 66,841,000 64,007,000 53,513,000 52,528,000 50,484,000 47,000,000 40,858,000 30,833,000 30,582,000 22,705,000 21,791,000 20,835,000 18,890,000 18,114,000 15,165,000 13,956,000 12,039,000 11,976,000 11,923,000 10,215,000 9,453,000 8,421,000
British Columbia 236,645,000 218,771,000 199,711,000 181,499,000 176,018,000 160,318,000 113,466,000 83,905,000 69,332,000 53,372,000 51,472,000 48,854,000 48,359,000 43,035,000 33,410,000 31,802,000 29,049,000
18. 19. 20. 21. 22. 23. 24. 25. 26. 27. 28. 29. 30.
TD Insurance General................................ ACE INA Insurance................................... Allianz Global Risks US............................. Travelers Canada....................................... Grain Insurance & Guarantee.................... CNA Canada.............................................. Affiliated FM Insurance Company............ Omega General Insurance........................ Arch Insurance (Canada)........................... Lumbermen’s Underwriting Alliance........ RBC General Insurance............................. Liberty Mutual Insurance.......................... Motors Insurance Corporation..................
1. 2. 3. 4. 5. 6. 7. 8. 9. 10. 11. 12. 13. 14. 15. 16. 17. 18. 19. 20. 21. 22. 23. 24. 25. 26. 27. 28. 29. 30.
Lloyd’s Underwriters................................. Co–operators General Insurance Co........ RSA Canada Group................................... Wawanesa Mutual Insurance.................... Aviva Canada Inc....................................... TD Insurance General................................ Intact Financial Corporation..................... Chartis Insurance Co of Canada.............. Peace Hills General Insurance.................. Factory Mutual Insurance Company........ The Dominion Of Canada.......................... Northbridge Financial Corporation........... Allianz Global Risks US............................. Zurich Insurance Company Ltd................ ACE INA Insurance................................... RBC General Insurance............................. Desjardins General Insurance Group....... Travelers Canada....................................... Triton Insurance......................................... Liberty Mutual Insurance.......................... Grain Insurance & Guarantee.................... Arch Insurance (Canada)........................... CNA Canada.............................................. RBC Insurance Company Of Canada...... Chubb Insurance Co of Canada............... Omega General Insurance........................ Great American Insurance........................ Echelon General Insurance....................... Jevco Insurance Company....................... Gore Mutual Insurance Company.............
Yukon Territory 9,850,000 2,602,000 2,495,000 2,235,000 2,118,000 1,960,000 956,000 766,000 725,000 705,000 589,000 299,000 296,000 272,000 244,000 124,000 91,000 90,000 56,000 48,000 42,000 40,000 27,000 21,000 12,000 9,000 7,000 5,000 4,000 2,000
Nunavut 1. 2. 3. 4. 5. 6. 7. 8. 9. 10. 11. 12. 13. 14. 15. 16. 17. 18. 19. 20. 21. 22. 23.
Lloyd’s Underwriters................................. Zurich Insurance Company Ltd................ RSA Canada Group................................... Chartis Insurance Co of Canada.............. ACE INA Insurance................................... Factory Mutual Insurance Company........ Northbridge Financial Corporation........... Travelers Canada....................................... Peace Hills General Insurance.................. Co–operators General Insurance Co........ Intact Financial Corporation..................... The Dominion Of Canada.......................... RBC General Insurance............................. Allianz Global Risks US............................. TD Insurance General................................ CNA Canada.............................................. Chubb Insurance Co of Canada............... Desjardins General Insurance Group....... Aviva Canada Inc....................................... RBC Insurance Company Of Canada...... Everest Insurance Co of Canada.............. Omega General Insurance........................ Arch Insurance (Canada)...........................
3,230,000 3,025,000 1,314,000 1,120,000 861,000 763,000 717,000 566,000 537,000 434,000 305,000 210,000 134,000 128,000 120,000 44,000 37,000 22,000 13,000 9,000 2,000 2,000 2,000
Notes:
Northwest Territories 1. 2. 3. 4. 5. 6. 7. 8. 9. 10. 11. 12. 13. 14. 15. 16. 17. 18. 19. 20. 21. 22. 23. 24. 25. 26. 27. 28. 29. 30.
CANADIAN UNDERWRITER STATISTICAL ISSUE 2012
p 058-063 2012 TOP 30.indd 61
18,548,000 16,392,000 15,748,000 14,191,000 10,886,000 10,338,000 9,613,000 5,883,000 5,276,000 5,226,000 5,181,000 5,100,000 4,802,000
Chartis Insurance Co of Canada.............. Aviva Canada Inc....................................... Zurich Insurance Company Ltd................ Intact Financial Corporation..................... Co–operators General Insurance Co........ RSA Canada Group................................... TD Insurance General................................ Lloyd’s Underwriters................................. Northbridge Financial Corporation........... Travelers Canada....................................... The Dominion Of Canada.......................... Peace Hills General Insurance.................. Factory Mutual Insurance Company........ Allianz Global Risks US............................. Desjardins General Insurance Group....... ACE INA Insurance................................... Triton Insurance......................................... Jevco Insurance Company....................... CNA Canada.............................................. Chubb Insurance Co of Canada............... RBC General Insurance............................. Grain Insurance & Guarantee.................... Great American Insurance........................ RBC Insurance Company Of Canada...... Affiliated FM Insurance Company............ Arch Insurance (Canada)........................... Echelon General Insurance....................... Omega General Insurance........................ XL Insurance.............................................. Motors Insurance Corporation..................
6,492,000 6,178,000 5,923,000 3,287,000 2,886,000 1,460,000 1,408,000 1,340,000 1,130,000 953,000 858,000 763,000 715,000 614,000 214,000 140,000 82,000 71,000 69,000 45,000 42,000 29,000 26,000 24,000 17,000 17,000 14,000 8,000 4,000 3,000 61
12-05-25 9:18 AM
Leading Companies In The Provinces Direct Written Premiums – AUTOMOBILE – 2011 Newfoundland 1. 2. 3. 4. 5. 6. 7. 8. 9. 10. 11. 12. 13. 14. 15. 16. 17. 18. 19. 20. 21. 22. 23. 24. 25. 26. 27. 28. 29.
RSA Canada Group................................... Aviva Canada Inc....................................... Co–operators General Insurance Co........ The Dominion Of Canada.......................... The Economical Insurance Group............ TD Insurance General................................ Northbridge Financial Corporation........... Desjardins General Insurance Group....... RBC General Insurance............................. Intact Financial Corporation..................... Portage La Prairie Mutual......................... Zurich Insurance Company Ltd................ Old Republic Insurance Company............ ACE INA Insurance................................... Chartis Insurance Co of Canada.............. Liberty Mutual Insurance.......................... Motors Insurance Corporation.................. Travelers Canada....................................... Cumis General Insurance.......................... CNA Canada.............................................. American Road Insurance Company....... Chubb Insurance Co of Canada............... Guarantee Company Of North America... Tokio Marine & Nichido Fire...................... Arch Insurance (Canada)........................... Allianz Global Risks US............................. Hartford Fire Insurance............................. Mitsui Sumitomo Insurance...................... Jevco Insurance Company.......................
95,016,000 62,101,000 48,331,000 30,046,000 14,924,000 9,884,000 9,392,000 4,199,000 2,806,000 2,634,000 2,450,000 1,716,000 607,000 546,000 541,000 235,000 182,000 173,000 148,000 148,000 96,000 86,000 63,000 30,000 11,000 5,000 3,000 2,000 –66,000
Prince Edward Island 1. 2. 3. 4. 5. 6. 7. 8. 9. 10. 11. 12. 13. 14. 15. 16. 17. 18. 19. 20. 21. 22. 23. 24. 25. 26. 27. 28. 29. 30.
The Dominion Of Canada.......................... 10,864,000 Aviva Canada Inc....................................... 10,723,000 Co–operators General Insurance Co........ 9,929,000 Wawanesa Mutual Insurance.................... 7,584,000 SGI Canada Group.................................... 7,537,000 Intact Financial Corporation..................... 5,012,000 RSA Canada Group................................... 4,990,000 TD Insurance General................................ 4,905,000 Desjardins General Insurance Group....... 3,507,000 RBC General Insurance............................. 3,112,000 Portage La Prairie Mutual......................... 3,062,000 Northbridge Financial Corporation........... 2,865,000 The Economical Insurance Group............ 2,439,000 CAA Insurance Company (Ontario)......... 871,000 Echelon General Insurance....................... 653,000 Cumis General Insurance.......................... 448,000 Travelers Canada....................................... 225,000 RBC Insurance Company Of Canada...... 194,000 ACE INA Insurance................................... 145,000 Zurich Insurance Company Ltd................ 108,000 Old Republic Insurance Company............ 73,000 Chartis Insurance Co of Canada.............. 49,000 Liberty Mutual Insurance.......................... 37,000 Motors Insurance Corporation.................. 32,000 Mitsui Sumitomo Insurance...................... 21,000 Guarantee Company Of North America... 18,000 Chubb Insurance Co of Canada............... 6,000 Tokio Marine & Nichido Fire...................... 2,000 Hartford Fire Insurance............................. 1,000 Allianz Global Risks US............................. 1,000
1. 2. 3. 4. 5. 6. 7. 8. 9. 10. 11. 12.
Intact Financial Corporation..................... Aviva Canada Inc....................................... RSA Canada Group................................... Wawanesa Mutual Insurance.................... TD Insurance General................................ The Economical Insurance Group............ Co–operators General Insurance Co........ The Dominion Of Canada.......................... Portage La Prairie Mutual......................... Allstate Insurance Co of Canada.............. Desjardins General Insurance Group....... Echelon General Insurance.......................
Nova Scotia
62
p 058-063 2012 TOP 30.indd 62
74,495,000 69,764,000 57,318,000 46,099,000 45,907,000 29,056,000 28,465,000 28,215,000 27,834,000 21,316,000 20,656,000 16,780,000
13. 14. 15. 16. 17. 18. 19. 20. 21. 22. 23. 24. 25. 26. 27. 28. 29. 30.
Northbridge Financial Corporation........... 11,908,000 Pembridge Insurance Company............... 9,569,000 RBC General Insurance............................. 8,792,000 Zurich Insurance Company Ltd................ 4,774,000 SGI Canada Group.................................... 3,569,000 CAA Insurance Company (Ontario)......... 2,774,000 Cumis General Insurance.......................... 2,553,000 Chartis Insurance Co of Canada.............. 1,712,000 RBC Insurance Company Of Canada...... 1,644,000 ACE INA Insurance................................... 1,630,000 Pafco Insurance Company........................ 1,371,000 Travelers Canada....................................... 1,111,000 Old Republic Insurance Company............ 913,000 Guarantee Company Of North America... 726,000 CNA Canada.............................................. 350,000 Liberty Mutual Insurance.......................... 312,000 American Road Insurance Company....... 229,000 Motors Insurance Corporation.................. 187,000
1. 2. 3. 4. 5. 6. 7. 8. 9. 10. 11. 12. 13. 14. 15. 16. 17. 18. 19. 20. 21. 22. 23. 24. 25. 26. 27. 28. 29. 30.
Wawanesa Mutual Insurance.................... Aviva Canada Inc....................................... Allstate Insurance Co of Canada.............. TD Insurance General................................ The Economical Insurance Group............ RSA Canada Group................................... State Farm Insurance Company............... Co–operators General Insurance Co........ Intact Financial Corporation..................... Northbridge Financial Corporation........... Pembridge Insurance Company............... The Dominion Of Canada.......................... Desjardins General Insurance Group....... Portage La Prairie Mutual......................... RBC General Insurance............................. SGI Canada Group.................................... Zurich Insurance Company Ltd................ ACE INA Insurance................................... Chartis Insurance Co of Canada.............. CAA Insurance Company (Ontario)......... Cumis General Insurance.......................... Old Republic Insurance Company............ RBC Insurance Company Of Canada...... Pafco Insurance Company........................ Travelers Canada....................................... Guarantee Company Of North America... Liberty Mutual Insurance.......................... Echelon General Insurance....................... Motors Insurance Corporation.................. CNA Canada..............................................
New Brunswick 80,394,000 50,947,000 37,277,000 34,877,000 34,857,000 34,804,000 30,423,000 28,065,000 19,555,000 14,679,000 13,049,000 11,944,000 11,695,000 8,118,000 7,614,000 5,818,000 5,659,000 3,387,000 3,210,000 3,171,000 1,487,000 1,468,000 1,158,000 1,040,000 664,000 528,000 401,000 356,000 222,000 147,000
Québec 1. 2. 3. 4. 5. 6. 7. 8. 9. 10. 11. 12. 13. 14. 15. 16. 17. 18. 19. 20. 21. 22. 23. 24. 25.
Intact Financial Corporation..................... Desjardins General Insurance Group....... La Capitale Assurances Gen Inc.............. Aviva Canada Inc....................................... Industrielle Alliance Compagnie............... SSQ, Societe D’Assurances Generales.... Co–operators General Insurance Co........ TD Insurance General................................ Allstate Insurance Co of Canada.............. L’Unique Assurances Generales.............. Jevco Insurance Company....................... Wawanesa Mutual Insurance.................... The Economical Insurance Group............ Northbridge Financial Corporation........... Zurich Insurance Company Ltd................ RSA Canada Group................................... Pafco Insurance Company........................ RBC General Insurance............................. Echelon General Insurance....................... Lloyd’s Underwriters................................. Chartis Insurance Co of Canada.............. Chubb Insurance Co of Canada............... ACE INA Insurance................................... Liberty Mutual Insurance.......................... Motors Insurance Corporation..................
539,135,000 511,396,000 299,172,000 249,306,000 155,912,000 137,489,000 132,650,000 106,880,000 64,129,000 60,208,000 54,335,000 54,274,000 50,312,000 50,134,000 31,781,000 23,901,000 22,733,000 21,248,000 11,268,000 8,532,000 7,463,000 6,947,000 6,471,000 2,835,000 2,580,000
26. 27. 28. 29. 30.
Travelers Canada....................................... Guarantee Company Of North America... American Road Insurance Company....... CNA Canada.............................................. Le Groupe Estrie–Richelieu.......................
2,075,000 2,072,000 1,859,000 1,399,000 977,000
1. 2. 3. 4. 5. 6. 7. 8. 9. 10. 11. 12. 13. 14. 15. 16. 17. 18. 19. 20. 21. 22. 23. 24. 25. 26. 27. 28. 29. 30.
Intact Financial Corporation..................... 1,395,143,000 State Farm Insurance Company............... 1,274,652,000 TD Insurance General................................ 1,197,878,000 Aviva Canada Inc....................................... 1,112,359,000 RSA Canada Group................................... 729,204,000 The Dominion Of Canada.......................... 620,154,000 The Economical Insurance Group............ 602,276,000 Co–operators General Insurance Co........ 583,471,000 Desjardins General Insurance Group....... 569,346,000 Allstate Insurance Co of Canada.............. 549,915,000 Wawanesa Mutual Insurance.................... 485,525,000 RBC General Insurance............................. 336,295,000 Northbridge Financial Corporation........... 333,613,000 Ontario Mutual Insurance.......................... 266,272,000 Jevco Insurance Company....................... 209,074,000 Gore Mutual Insurance Company............. 170,042,000 CAA Insurance Company (Ontario)......... 126,897,000 RBC Insurance Company Of Canada...... 106,836,000 Echelon General Insurance....................... 96,772,000 Pembridge Insurance Company............... 92,786,000 Guarantee Company Of North America... 86,994,000 Zurich Insurance Company Ltd................ 79,851,000 Unica Insurance......................................... 76,165,000 Pafco Insurance Company........................ 75,529,000 Motors Insurance Corporation.................. 64,797,000 Chubb Insurance Co of Canada............... 60,838,000 SGI Canada Group.................................... 55,003,000 Arch Insurance (Canada)........................... 41,669,000 Old Republic Insurance Company............ 41,347,000 Cumis General Insurance.......................... 35,431,000
1. 2. 3. 4. 5. 6. 7. 8. 9. 10. 11. 12. 13. 14. 15. 16. 17. 18. 19. 20. 21. 22. 23. 24. 25. 26. 27. 28. 29.
Saskatchewan Mutual Insurance............. ACE INA Insurance................................... Aviva Canada Inc....................................... Chartis Insurance Co of Canada.............. Northbridge Financial Corporation........... Intact Financial Corporation..................... Zurich Insurance Company Ltd................ Motors Insurance Corporation.................. Co–operators General Insurance Co........ RBC General Insurance............................. CNA Canada.............................................. RSA Canada Group................................... Travelers Canada....................................... American Road Insurance Company....... Liberty Mutual Insurance.......................... Chubb Insurance Co of Canada............... SGI Canada Group.................................... Arch Insurance (Canada)........................... Old Republic Insurance Company............ Lloyd’s Underwriters................................. Hartford Fire Insurance............................. Cumis General Insurance.......................... The Dominion Of Canada.......................... The Economical Insurance Group............ Mitsui Sumitomo Insurance...................... Tokio Marine & Nichido Fire...................... Guarantee Company Of North America... XL Insurance.............................................. Echelon General Insurance.......................
1. 2. 3. 4. 5. 6.
SGI Canada Group.................................... 126,812,000 Saskatchewan Mutual Insurance............. 7,955,000 Co–operators General Insurance Co........ 7,510,000 Aviva Canada Inc....................................... 5,503,000 Northbridge Financial Corporation........... 2,037,000 Zurich Insurance Company Ltd................ 1,518,000
Ontario
Manitoba 1,472,000 1,023,000 1,002,000 918,000 866,000 808,000 682,000 430,000 417,000 353,000 298,000 284,000 193,000 173,000 169,000 81,000 63,000 45,000 31,000 28,000 16,000 16,000 14,000 12,000 4,000 3,000 1,000 1,000 1,000
Saskatchewan
canadianunderwriter.ca CANADIAN UNDERWRITER STATISTICAL ISSUE 2012
12-05-25 9:18 AM
Leading Companies In The Provinces Direct Written Premiums – AUTOMOBILE – 2011 7. 8. 9. 10. 11. 12. 13. 14. 15. 16. 17. 18. 19. 20. 21. 22. 23. 24. 25. 26. 27. 28. 29.
Portage La Prairie Mutual......................... ACE INA Insurance................................... Motors Insurance Corporation.................. Chartis Insurance Co of Canada.............. Travelers Canada....................................... RSA Canada Group................................... Liberty Mutual Insurance.......................... Mennonite Mutual Fire Insurance............. Lloyd’s Underwriters................................. Echelon General Insurance....................... RBC General Insurance............................. American Road Insurance Company....... CNA Canada.............................................. Chubb Insurance Co of Canada............... The Dominion Of Canada.......................... Intact Financial Corporation..................... Arch Insurance (Canada)........................... Cumis General Insurance.......................... Old Republic Insurance Company............ Hartford Fire Insurance............................. Tokio Marine & Nichido Fire...................... XL Insurance.............................................. Guarantee Company Of North America...
1. 2. 3. 4. 5. 6. 7. 8. 9. 10. 11. 12. 13. 14. 15. 16. 17. 18. 19. 20. 21. 22. 23. 24. 25. 26. 27. 28. 29. 30.
Intact Financial Corporation..................... Wawanesa Mutual Insurance.................... TD Insurance General................................ Co–operators General Insurance Co........ Aviva Canada Inc....................................... RSA Canada Group................................... Alberta Motor Association........................ State Farm Insurance Company............... The Economical Insurance Group............ Northbridge Financial Corporation........... The Dominion Of Canada.......................... Allstate Insurance Co of Canada.............. Peace Hills General Insurance.................. Zurich Insurance Company Ltd................ Canadian Direct Insurance........................ Desjardins General Insurance Group....... RBC General Insurance............................. Jevco Insurance Company....................... SGI Canada Group.................................... Portage La Prairie Mutual......................... Travelers Canada....................................... ACE INA Insurance................................... Liberty Mutual Insurance.......................... RBC Insurance Company Of Canada...... Chartis Insurance Co of Canada.............. Pembridge Insurance Company............... CNA Canada.............................................. Old Republic Insurance Company............ Chubb Insurance Co of Canada............... Motors Insurance Corporation..................
1. 2. 3. 4. 5. 6. 7. 8. 9. 10. 11. 12. 13. 14. 15. 16. 17. 18. 19. 20.
The Economical Insurance Group............ RSA Canada Group................................... Canadian Direct Insurance........................ L’Unique Assurances Generales.............. Intact Financial Corporation..................... Zurich Insurance Company Ltd................ Chartis Insurance Co of Canada.............. Northbridge Financial Corporation........... Lloyd’s Underwriters................................. RBC General Insurance............................. Aviva Canada Inc....................................... Liberty Mutual Insurance.......................... ACE INA Insurance................................... Echelon General Insurance....................... The Dominion Of Canada.......................... American Road Insurance Company....... Motors Insurance Corporation.................. CNA Canada.............................................. Travelers Canada....................................... Chubb Insurance Co of Canada...............
1,086,000 795,000 603,000 595,000 479,000 459,000 334,000 320,000 313,000 310,000 310,000 298,000 150,000 133,000 81,000 37,000 31,000 23,000 15,000 11,000 3,000 2,000 1,000
Alberta 554,673,000 484,563,000 421,381,000 262,402,000 219,084,000 206,318,000 197,185,000 120,189,000 109,891,000 79,574,000 73,821,000 66,392,000 61,367,000 52,213,000 46,876,000 44,062,000 37,315,000 27,519,000 26,096,000 25,651,000 14,950,000 11,431,000 11,416,000 11,141,000 9,757,000 9,223,000 7,804,000 7,660,000 4,629,000 2,722,000
British Columbia 69,476,000 44,736,000 42,833,000 14,942,000 8,297,000 5,394,000 2,554,000 2,545,000 2,498,000 1,930,000 1,892,000 1,626,000 1,382,000 1,366,000 986,000 558,000 556,000 469,000 408,000 179,000
21. 22. 23. 24. 25. 26. 27. 28. 29. 30.
Tokio Marine & Nichido Fire...................... Old Republic Insurance Company............ Hartford Fire Insurance............................. Co–operators General Insurance Co........ Mitsui Sumitomo Insurance...................... XL Insurance.............................................. Federal Insurance Company..................... SGI Canada Group.................................... Cumis General Insurance.......................... Guarantee Company Of North America...
1. 2. 3. 4. 5. 6. 7. 8. 9. 10. 11. 12. 13. 14. 15. 16. 17. 18. 19. 20. 21. 22. 23. 24. 25. 26. 27. 28. 29. 30.
TD Insurance General................................ Wawanesa Mutual Insurance.................... Aviva Canada Inc....................................... Co–operators General Insurance Co........ Intact Financial Corporation..................... RSA Canada Group................................... The Dominion Of Canada.......................... Peace Hills General Insurance.................. Northbridge Financial Corporation........... Zurich Insurance Company Ltd................ Desjardins General Insurance Group....... Travelers Canada....................................... RBC General Insurance............................. Lloyd’s Underwriters................................. ACE INA Insurance................................... The Economical Insurance Group............ State Farm Insurance Company............... Liberty Mutual Insurance.......................... Old Republic Insurance Company............ Allstate Insurance Co of Canada.............. CNA Canada.............................................. RBC Insurance Company Of Canada...... Chartis Insurance Co of Canada.............. Echelon General Insurance....................... Gore Mutual Insurance Company............. Guarantee Company Of North America... SGI Canada Group.................................... American Road Insurance Company....... Arch Insurance (Canada)........................... Pembridge Insurance Company...............
Yukon Territory 5,344,000 4,404,000 3,295,000 2,890,000 2,342,000 2,052,000 1,079,000 943,000 583,000 419,000 386,000 281,000 248,000 156,000 155,000 122,000 105,000 62,000 43,000 41,000 29,000 28,000 26,000 18,000 18,000 16,000 13,000 10,000 9,000 9,000
Nunavut 1. 2. 3. 4. 5. 6. 7. 8. 9. 10. 11. 12. 13. 14. 15. 16. 17. 18. 19. 20. 21. 22. 23. 24. 25. 26. 27. 28. 29. 30.
RSA Canada Group................................... Aviva Canada Inc....................................... Intact Financial Corporation..................... Northbridge Financial Corporation........... TD Insurance General................................ The Dominion Of Canada.......................... Travelers Canada....................................... Wawanesa Mutual Insurance.................... Co–operators General Insurance Co........ Zurich Insurance Company Ltd................ Peace Hills General Insurance.................. State Farm Insurance Company............... RBC General Insurance............................. The Economical Insurance Group............ Desjardins General Insurance Group....... Allstate Insurance Co of Canada.............. Old Republic Insurance Company............ CNA Canada.............................................. RBC Insurance Company Of Canada...... Gore Mutual Insurance Company............. Chartis Insurance Co of Canada.............. Liberty Mutual Insurance.......................... ACE INA Insurance................................... Echelon General Insurance....................... Guarantee Company Of North America... SGI Canada Group.................................... Pembridge Insurance Company............... Canadian Direct Insurance........................ Motors Insurance Corporation.................. Arch Insurance (Canada)...........................
1,359,000 514,000 465,000 323,000 313,000 195,000 176,000 134,000 134,000 128,000 122,000 114,000 111,000 101,000 85,000 48,000 29,000 23,000 19,000 18,000 17,000 16,000 15,000 14,000 12,000 11,000 9,000 6,000 5,000 5,000
Notes:
Northwest Territories 1. 2. 3. 4. 5. 6. 7. 8. 9. 10. 11. 12. 13. 14. 15. 16. 17. 18. 19. 20. 21. 22. 23. 24. 25. 26. 27. 28. 29. 30.
CANADIAN UNDERWRITER STATISTICAL ISSUE 2012
p 058-063 2012 TOP 30.indd 63
145,000 81,000 74,000 67,000 35,000 11,000 10,000 7,000 6,000 3,000
Intact Financial Corporation..................... TD Insurance General................................ Aviva Canada Inc....................................... Co–operators General Insurance Co........ RSA Canada Group................................... Desjardins General Insurance Group....... Northbridge Financial Corporation........... The Dominion Of Canada.......................... Peace Hills General Insurance.................. Wawanesa Mutual Insurance.................... Zurich Insurance Company Ltd................ State Farm Insurance Company............... Travelers Canada....................................... The Economical Insurance Group............ RBC General Insurance............................. Allstate Insurance Co of Canada.............. ACE INA Insurance................................... RBC Insurance Company Of Canada...... CNA Canada.............................................. Gore Mutual Insurance Company............. Old Republic Insurance Company............ Chartis Insurance Co of Canada.............. Echelon General Insurance....................... Pembridge Insurance Company............... Guarantee Company Of North America... Motors Insurance Corporation.................. SGI Canada Group.................................... Liberty Mutual Insurance.......................... American Road Insurance Company....... Canadian Direct Insurance........................
4,087,000 3,840,000 3,624,000 2,192,000 2,152,000 962,000 649,000 573,000 502,000 455,000 422,000 416,000 316,000 299,000 241,000 182,000 157,000 69,000 68,000 63,000 57,000 56,000 38,000 38,000 35,000 32,000 30,000 30,000 23,000 21,000
63
12-05-25 9:18 AM
2011 LEADING COMPANIES — DIRECT WRITTEN BASIS Accident & Sickness
% of Market
Boiler & Machinery
2011 D.W.P.
% of Market
Fidelity 2011 D.W.P.
% of Market
2011 D.W.P.
1. RBC Insurance Company Of Canada..
37.75
215,155,000
1. RSA Canada Group............................
15.53
53,628,000
1. Chubb Insurance Co of Canada..........
19.05
21,985,000
2. RSA Canada Group............................
16.55
94,330,000
2. Factory Mutual Insurance Company...
12.67
43,770,000
2. Guarantee Co Of North America.........
14.24
16,433,000
3. Chartis Insurance Co of Canada.........
16.45
93,778,000
3. Lloyd’s Underwriters..........................
8.66
29,919,000
3. Chartis Insurance Co of Canada.........
11.50
13,272,000
4. Lloyd’s Underwriters..........................
12.00
68,409,000
4. Aviva Canada Inc...............................
8.08
27,923,000
4. Travelers Canada...............................
9.62
11,100,000
5. Allianz Global Risks US......................
7.01
39,961,000
5. Zurich Insurance Company Ltd..........
7.51
25,930,000
6. Triton Insurance................................
3.82
21,756,000
5. Cumis General Insurance...................
9.44
10,898,000
6. Boiler Inspection & Insurance Co.......
7.37
25,464,000
7. Chubb Insurance Co of Canada..........
1.85
10,519,000
6. Lloyd’s Underwriters..........................
9.04
10,433,000
7. Travelers Canada...............................
6.76
23,341,000
8. Legacy General Insurance..................
1.61
9,163,000
7. Liberty Mutual Insurance...................
5.97
6,889,000
8. Intact Financial Corporation...............
6.66
22,998,000
9. Echelon General Insurance................
1.51
8,612,000
8. RSA Canada Group............................
3.87
4,464,000
9. The Economical Insurance Group.......
3.23
11,172,000
10. ACE INA Insurance............................
0.71
4,068,000
9. Northbridge Financial Corporation......
2.31
2,668,000
10. Co–operators General Insurance Co...
2.70
9,326,000
11. Alberta Motor Association..................
0.20
1,131,000
10. Trisura Guarantee Insurance..............
2.26
2,604,000
11. Chartis Insurance Co of Canada.........
2.67
9,230,000
12. Co–operators General Insurance Co...
0.12
686,000
11. Desjardins General Insurance Group..
2.09
2,409,000
12. Trisura Guarantee Insurance..............
2.45
8,464,000
13. Aviva Canada Inc...............................
0.10
578,000
12. The Economical Insurance Group.......
1.73
2,002,000
13. Swiss Reinsurance Group..................
2.04
7,060,000
13. Great American Insurance..................
1.70
1,962,000
14. Zurich Insurance Company Ltd..........
1.31
1,511,000
15. Co–operators General Insurance Co...
1.12
1,292,000
16. The Dominion Of Canada...................
1.06
1,220,000
17. ACE INA Insurance............................
0.83
962,000
18. Ontario School Board’s Insurance......
0.81
936,000
19. Aviva Canada Inc...............................
0.65
747,000
20. CNA Canada......................................
0.40
466,000
21. SGI Canada Group.............................
0.34
394,000
14. CAA Insurance Company (Ontario)....
0.09
514,000
14. Allianz Global Risks US......................
1.99
6,874,000
15. Everest Insurance Co of Canada.........
0.06
328,000
15. The Dominion Of Canada...................
1.91
6,614,000
16. Guarantee Co Of North America.........
0.05
292,000
16. Affiliated FM Insurance Company.......
1.87
6,459,000
17. Ontario Mutual Insurance...................
0.05
281,000
17. Chubb Insurance Co of Canada..........
1.67
5,776,000
18. Cumis General Insurance...................
0.04
223,000
18. Northbridge Financial Corporation......
1.60
5,516,000
19. Northbridge Financial Corporation......
0.01
79,000
19. Gore Mutual Insurance Company.......
1.05
3,633,000
20. SGI Canada Group.............................
0.01
51,000
20. Desjardins General Insurance Group..
0.70
2,431,000
21. Gore Mutual Insurance Company.......
0.01
44,000
21. Wawanesa Mutual Insurance.............
0.64
2,226,000
22. North Waterloo Farmers Mutual.........
0.00
11,000
22. SGI Canada Group.............................
0.51
1,773,000
23. Arch Insurance (Canada)....................
–0.00
–1,000
23. CNA Canada......................................
0.35
1,192,000
24. Intact Financial Corporation...............
–0.00
–22,000
24. Grain Insurance & Guarantee.............
0.29
985,000
569,946,000
25. Munich Reinsurance Cda Group.........
0.18
638,000
26. Lumbermen’s Underwriting Alliance..
0.16
547,000
27. Le Groupe Estrie–Richelieu................
0.13
448,000
28. Mitsui Sumitomo Insurance...............
0.12
419,000
TOTAL...............................................
Other Approved Products
22. Berkley Insurance Company..............
0.22
251,000
23. Tokio Marine & Nichido Fire...............
0.14
166,000
24. Mitsui Sumitomo Insurance...............
0.09
105,000
25. Sompo Japan Insurance Inc...............
0.04
49,000
26. Triton Insurance................................
0.03
34,000
27. Federal Insurance Company...............
0.03
34,000
28. Grain Insurance & Guarantee.............
0.03
30,000
% of Market
2011 D.W.P.
29. Cumis General Insurance...................
0.10
361,000
30. Ontario School Board’s Insurance......
0.10
352,000
29. Ontario Mutual Insurance...................
0.02
27,000
1. Zurich Insurance Company Ltd..........
96.29
1,946,000
31. North Waterloo Farmers Mutual.........
0.07
225,000
30. Hartford Fire Insurance......................
0.02
25,000
2. Corepoint Insurance...........................
3.32
67,000
32. Promutuel Reassurance.....................
0.04
140,000
31. Saskatchewan Mutual Insurance.......
0.02
23,000
3. Great American Insurance..................
0.40
8,000
33. Great American Insurance..................
0.04
127,000
32. Western Surety Company..................
0.01
6,000
TOTAL...............................................
2,021,000
34. Saskatchewan Mutual Insurance.......
0.03
104,000
33. Intact Financial Corporation...............
0.01
35. Tokio Marine & Nichido Fire...............
0.03
90,000
36. Mutual Fire Insurance Co of BC..........
0.02
84,000
37. Berkley Insurance Company..............
0.02
61,000
38. Sompo Japan Insurance Inc...............
0.02
55,000
39. Ontario Mutual Insurance...................
0.02
52,000
40. Hartford Fire Insurance......................
0.01
25,000
Marine
% of Market
2011 D.W.P.
1. RSA Canada Group............................
17.15
47,869,000
2. Lloyd’s Underwriters..........................
13.70
38,233,000
3. CNA Canada......................................
12.67
35,369,000
4. Aviva Canada Inc...............................
11.67
5. Northbridge Financial Corporation......
11.23
6. Allianz Global Risks US......................
6.27
17,486,000
7. Co–operators General Insurance Co...
5.89
16,437,000
8. Travelers Canada...............................
4.23
11,816,000
9. ACE INA Insurance............................
3.43
9,573,000
10. Chartis Insurance Co of Canada.........
2.84
7,920,000
11. Pacific Coast Fishermen’s Mutual Marine.
2.39
6,670,000
12. Liberty Mutual Insurance...................
1.87
5,216,000
13. Great American Insurance..................
1.57
41. Federal Insurance Company...............
0.00
15,000
32,574,000
42. XL Insurance.....................................
–0.01
–35,000
31,349,000
TOTAL...............................................
Legal Expense
1. Euler Hermes American Credit........... 54.31 2. Atradius Credit Insurance N.V............ 18.90 3. Chartis Insurance Co of Canada......... 12.05 4. Lloyd’s Underwriters.......................... 9.34 5. Guarantee Co Of North America......... 3.91 6. Zurich Insurance Company Ltd.......... 1.03 7. Echelon General Insurance................ 0.44 TOTAL ......................................................... 65,180,000
4,385,000
2. Intact Financial Corporation...............
34.43
3,881,000
3. Lloyd’s Underwriters..........................
8.80
992,000
5.28
595,000
3,655,000
1.02
2,853,000
4. Echelon General Insurance................
16. XL Insurance.....................................
0.70
1,945,000
17. Affiliated FM Insurance Company.......
0.59
1,660,000
TOTAL...............................................
18. Intact Financial Corporation...............
0.46
1,274,000
19. Tokio Marine & Nichido Fire...............
0.37
1,038,000
20. Mitsui Sumitomo Insurance...............
0.23
648,000
21. Berkley Insurance Company..............
0.20
572,000
22. Sompo Japan Insurance Inc...............
0.11
316,000
23. Nipponkoa Insurance Co Ltd..............
0.06
176,000
24. The Economical Insurance Group.......
0.01
20,000
25. Aspen Insurance UK Limited..............
–0.00
–3,000 279,051,000
% of Market 1. Legacy General Insurance..................
2. Arch Insurance (Canada)....................
TOTAL...............................................
11,272,000
Credit Protection 65.79 34.21
2011 D.W.P. 35,402,000 12,318,000 7,856,000 6,091,000 2,551,000 674,000 288,000
Mortgage
5,804,000
1.31
p 064-065 LeadCos DWB 2012.indd 64
% of Market
51.49
15. Zurich Insurance Company Ltd..........
64
2011 D.W.P.
6,000 115,403,000
Credit
1. La Capitale Assurances Gen Inc.........
14. Chubb Insurance Co of Canada..........
TOTAL...............................................
% of Market
TOTAL...............................................
345,412,000
% of Market 1. FCT................................................... 100.00 TOTAL...............................................
2011 D.W.P. 42,165,000 42,165,000
Hail
% of Market
2011 D.W.P.
2011 D.W.P.
1. Co–operative Hail Ins Co Ltd..............
76.97
45,056,000
2. Northbridge Financial Corporation......
17.65
10,332,000
11,620,000
3. ACE INA Insurance............................
4.84
2,833,000
4. Ontario Mutual Insurance...................
0.28
161,000
5. North Waterloo Farmers Mutual.........
0.26
TOTAL...............................................
6,043,000 17,663,000
155,000 58,537,000
canadianunderwriter.ca CANADIAN UNDERWRITER STATISTICAL ISSUE 2012
12-05-25 9:19 AM
2011 LEADING COMPANIES — DIRECT WRITTEN BASIS Liability
Liability (continued)
% of Market
2011 D.W.P.
% of Market
Surety 2011 D.W.P.
% of Market 1. Travelers Canada............................... 18.65
2011 D.W.P. 86,240,000
1. Lloyd’s Underwriters..........................
17.71
835,996,000
62. Promutuel Reassurance.....................
0.03
1,195,000
2. Guarantee Co Of North America.........
15.64
72,311,000
2. Aviva Canada Inc...............................
7.27
343,392,000
63. Mennonite Mutual Fire Insurance.......
0.02
957,000
3. Aviva Canada Inc...............................
12.27
56,736,000
3. Chartis Insurance Co of Canada.........
7.00
330,605,000
64. Federal Insurance Company...............
0.01
631,000
4. Zurich Insurance Company Ltd..........
11.24
51,964,000
4. Intact Financial Corporation...............
6.74
318,392,000
65. Clare Mutual Insurance Company......
0.01
413,000
5. Jevco Insurance Company.................
5.71
26,404,000
5. Zurich Insurance Company Ltd..........
5.92
279,583,000
66. Fundy Mutual Insurance....................
0.01
390,000
6. Intact Financial Corporation...............
5.12
23,693,000
6. RSA Canada Group............................
5.33
251,440,000
67. Nipponkoa Insurance Co Ltd..............
0.00
215,000
7. Trisura Guarantee Insurance..............
5.04
23,321,000
7. Northbridge Financial Corporation......
4.90
231,204,000
68. T.H.E. Insurance Company.................
0.00
100,000
8. Western Surety Company..................
4.96
22,914,000
8. Chubb Insurance Co of Canada..........
4.80
226,385,000
9. Chubb Insurance Co of Canada..........
3.79
17,523,000
69. SSQ, Societe D’Assurances Generales..
0.00
3,000
9. Co–operators General Insurance Co...
4.21
198,904,000
10. L’Unique Assurances Generales.........
2.73
12,642,000
70. Boiler Inspection & Insurance Co.......
0.00
2,000
11. Chartis Insurance Co of Canada.........
2.50
11,578,000
10. The Economical Insurance Group.......
3.07
144,952,000
71. Industrielle Alliance Compagnie.........
–0.00
–91,000
12. Co–operators General Insurance Co...
2.40
11,103,000
11. CNA Canada......................................
2.80
132,149,000
4,721,032,000
13. Liberty Mutual Insurance...................
2.10
9,704,000
12. Liberty Mutual Insurance...................
2.39
112,995,000
14. CNA Canada......................................
1.83
8,472,000
13. Lawyers’ Professional Indemnity........
2.32
109,663,000
15. Northbridge Financial Corporation......
1.66
7,686,000
14. Travelers Canada...............................
2.23
105,227,000
16. ACE INA Insurance............................
1.23
5,679,000
15. ACE INA Insurance............................
2.19
103,353,000
17. Berkley Insurance Company..............
0.88
4,069,000
16. Motors Insurance Corporation............
1.89
89,035,000
18. SGI Canada Group.............................
0.82
3,803,000
17. The Dominion Of Canada...................
1.77
83,566,000
2011 D.W.P.
19. The Dominion Of Canada...................
0.67
3,089,000
18. Munich Reinsurance Cda Group.........
1.70
80,322,000
94,007,000
20. The Economical Insurance Group.......
0.44
2,029,000
19. XL Insurance.....................................
1.39
65,736,000
2. Allianz Global Risks US......................
19.24
48,052,000
21. Desjardins General Insurance Group..
0.07
336,000
20. Ontario Mutual Insurance...................
1.26
59,453,000
22. Hartford Fire Insurance......................
0.06
272,000
21. Guarantee Co Of North America.........
1.09
51,294,000
3. Munich Reinsurance Cda Group.........
13.30
33,203,000
23. Grain Insurance & Guarantee.............
0.03
161,000
24. La Capitale Assurances Gen Inc.........
0.03
132,000
22. State Farm Insurance Company.........
1.05
49,403,000
23. SGI Canada Group.............................
0.85
39,940,000
24. Swiss Reinsurance Group..................
0.84
39,612,000
25. Allianz Global Risks US......................
0.83
39,371,000
6. Chartis Insurance Co of Canada.........
5.36
13,375,000
26. Wawanesa Mutual Insurance.............
0.76
35,854,000
7. XL Insurance.....................................
4.19
10,466,000
27. Arch Insurance (Canada)....................
0.73
34,613,000
28. Berkley Insurance Company..............
0.65
30,903,000
8. Mitsui Sumitomo Insurance...............
2.62
6,543,000
29. XL Re America Inc – Cdn Branch.......
0.60
28,216,000
30. Great American Insurance..................
0.49
23,290,000
31. Ontario School Board’s Insurance......
0.46
21,857,000
32. Gore Mutual Insurance Company.......
0.46
21,809,000
33. Desjardins General Insurance Group..
0.44
20,707,000
34. Aspen Insurance UK Limited..............
0.42
20,031,000
TOTAL...............................................
Aircraft
% of Market
1. Lloyd’s Underwriters..........................
37.64
4. Swiss Reinsurance Group..................
8.03
20,047,000
25. Echelon General Insurance................
0.02
99,000
5. Northbridge Financial Corporation......
6.04
15,083,000
26. XL Insurance.....................................
0.02
99,000
27. Arch Insurance (Canada)....................
0.02
92,000
28. Great American Insurance..................
0.02
89,000
29. RSA Canada Group............................
0.02
85,000
30. State Farm Insurance Company.........
0.01
58,000
31. Promutuel Reassurance.....................
0.00
8,000
32. Cumis General Insurance...................
0.00
4,000
33. Gore Mutual Insurance Company.......
0.00
9. ACE INA Insurance............................
2.02
5,057,000
10. RSA Canada Group............................
0.63
1,580,000
11. Aspen Insurance UK Limited..............
0.57
1,435,000
12. Berkley Insurance Company..............
0.26
659,000
0.12
298,000
35. Everest Insurance Co of Canada.........
0.35
16,483,000
13. Liberty Mutual Insurance...................
36. Trisura Guarantee Insurance..............
0.35
16,322,000
14. SGI Canada Group.............................
0.03
69,000
37. Grain Insurance & Guarantee.............
0.26
12,112,000
38. Cumis General Insurance...................
0.19
9,000,000
15. Old Republic Insurance Company.......
0.01
16,000
39. Echelon General Insurance................
0.19
8,854,000
16. Co–operators General Insurance Co...
–0.06
–150,000
40. Jevco Insurance Company.................
0.17
8,151,000
41. TD Insurance General........................
0.17
7,885,000
42. Portage La Prairie Mutual..................
0.16
7,397,000
43. The Mearie Group..............................
0.13
6,293,000
44. Hartford Fire Insurance......................
0.13
6,269,000
45. La Capitale Assurances Gen Inc.........
0.11
5,292,000
46. Unica Insurance.................................
0.11
5,144,000
47. Saskatchewan Mutual Insurance.......
0.11
5,112,000
48. North Waterloo Farmers Mutual.........
0.10
4,804,000
49. Le Groupe Estrie–Richelieu................
0.10
4,740,000
50. Mitsui Sumitomo Insurance...............
0.09
4,427,000
51. Omega General Insurance..................
0.09
4,165,000
52. Old Republic Insurance Company.......
0.09
4,068,000
53. Mutual Fire Insurance Co of BC..........
0.08
3,713,000
54. Tokio Marine & Nichido Fire...............
0.07
3,423,000
55. Red River Mutual...............................
0.07
3,380,000
56. PEI Mutual Insurance Company..........
0.06
2,676,000
57. L’Unique Assurances Generales.........
0.05
2,304,000
58. RBC General Insurance......................
0.04
2,104,000
59. Canadian Direct Insurance.................
0.03
1,428,000
60. Sompo Japan Insurance Inc...............
0.03
1,218,000
61. Kings Mutual Insurance Company......
0.03
1,201,000
CANADIAN UNDERWRITER STATISTICAL ISSUE 2012
p 064-065 LeadCos DWB 2012.indd 65
TOTAL...............................................
249,740,000
TOTAL...............................................
1,000 462,396,000
Title
% of Market
2011 D.W.P.
1. FCT...................................................
59.67
127,123,000
2. Stewart Title Guaranty Company........
37.48
79,852,000
3. Lawyers’ Professional Indemnity........
2.85
6,066,000
4. Travelers Canada...............................
0.00
TOTAL...............................................
7,000 213,048,000
65
12-05-25 9:19 AM
2011
SUMMARY RESULTS BY NATIONALITY OF COMPANY IN CANADA
FFF
TOTAL INSURANCE Net Premiums Written $ Canadian........................ 19,268,910,000 Foreign........................... 6,005,233,000 U.K................................. 7,962,190,000 U.S................................. 5,993,343,000
Net Premiums Earned $ 18,608,182,000 6,016,593,000 7,806,633,000 5,951,143,000
Net Claims and Adjusting Expenses $ 12,942,463,000 3,974,393,000 5,106,147,000 4,578,084,000
Earned Loss Ratio % 69.55 66.06 65.41 76.93
Total............................... 39,229,676,000
38,382,551,000
26,601,087,000
69.31
AUTOMOBILE INSURANCE Net Premiums Written $ Canadian........................ 10,744,643,000 Foreign........................... 2,896,557,000 U.K................................. 3,006,281,000 U.S................................. 2,567,976,000
Net Premiums Earned $ 10,410,605,000 2,859,869,000 2,909,473,000 2,512,092,000
Net Claims and Adjusting Expenses $ 7,470,766,000 1,927,798,000 1,949,651,000 2,518,952,000
Earned Loss Ratio % 71.76 67.41 67.01 100.27
Total............................... 19,215,457,000
18,692,039,000
13,867,167,000
74.19
PROPERTY INSURANCE Canadian........................ Foreign........................... U.K................................. U.S.................................
Net Premiums Written $ 6,504,592,000 2,241,919,000 2,874,513,000 1,794,823,000
Net Premiums Earned $ 6,192,898,000 2,209,447,000 2,813,801,000 1,803,309,000
Net Claims and Adjusting Expenses $ 4,398,077,000 1,552,861,000 1,857,826,000 1,218,033,000
Earned Loss Ratio % 71.02 70.28 66.03 67.54
Total............................... 13,415,847,000
13,019,455,000
9,026,797,000
69.33
REMAINING INSURANCE Canadian........................ Foreign........................... U.K................................. U.S.................................
Net Premiums Written $ 2,019,675,000 866,757,000 2,081,396,000 1,630,544,000
Net Premiums Earned $ 2,004,679,000 947,277,000 2,083,359,000 1,635,742,000
Net Claims and Adjusting Expenses $ 1,073,620,000 493,734,000 1,298,670,000 841,099,000
Earned Loss Ratio % 53.56 52.12 62.34 51.42
Total...............................
6,598,372,000
6,671,057,000
3,707,123,000
55.57
66
p 066 Smry by Nation 2012.indd 66
canadianunderwriter.ca CANADIAN UNDERWRITER STATISTICAL ISSUE 2012
12-05-25 9:20 AM
2011
SUMMARY RESULTS BY TYPE OF COMPANY IN CANADA
FFF
TOTAL INSURANCE
Net Premiums Written $
Net Premiums Written %
Brokerage........................... Direct.................................. Reinsurance........................
27,054,034,000 10,511,574,000 1,664,068,000
68.96 26.79 4.24
Total...................................
39,229,676,000
Net Premiums Earned $
26,533,151,000 10,161,509,000 1,687,891,000
Net Premiums Earned %
Net Claims & Adj. Exps. $
Net Claims & Adj. Exps. %
Earned Loss Ratio %
69.13 26.47 4.40
17,750,203,000 7,645,969,000 1,204,915,000
66.73 28.74 4.53
66.90 75.24 71.39
26,601,087,000
69.31
38,382,551,000
AUTOMOBILE INSURANCE
Net Premiums Written $
Net Premiums Written %
Brokerage........................... Direct.................................. Reinsurance........................
12,758,482,000 6,169,932,000 287,043,000
66.40 32.11 1.49
Total...................................
19,215,457,000
Net Premiums Earned $
12,515,665,000 5,894,572,000 281,802,000
Net Premiums Earned %
Net Claims & Adj. Exps. $
Net Claims & Adj. Exps. %
Earned Loss Ratio %
66.96 31.54 1.51
8,853,090,000 4,835,666,000 178,411,000
63.84 34.87 1.29
70.74 82.04 63.31
13,867,167,000
74.19
18,692,039,000
PROPERTY INSURANCE
Brokerage........................... Direct.................................. Reinsurance........................ Total...................................
Net Premiums Written $
9,398,453,000 3,163,214,000 854,180,000
Net Premiums Written %
70.05 23.58 6.37
13,415,847,000
Net Premiums Earned $
9,075,388,000 3,070,113,000 873,954,000
Net Premiums Earned %
Net Claims & Adj. Exps. $
Net Claims & Adj. Exps. %
Earned Loss Ratio %
69.71 23.58 6.71
6,190,082,000 2,098,679,000 738,036,000
68.57 23.25 8.18
68.21 68.36 84.45
9,026,797,000
69.33
13,019,455,000
REMAINING INSURANCE
Net Premiums Written $
Net Premiums Written %
Brokerage........................... Direct.................................. Reinsurance........................
4,897,099,000 1,178,428,000 522,845,000
Total...................................
6,598,372,000
CANADIAN UNDERWRITER STATISTICAL ISSUE 2012
p 067 Smry by Type 2012.indd 67
74.22 17.86 7.92
Net Premiums Earned $
4,942,098,000 1,196,824,000 532,135,000
Net Premiums Earned %
Net Claims & Adj. Exps. $
Net Claims & Adj. Exps. %
Earned Loss Ratio %
74.08 17.94 7.98
2,707,031,000 711,624,000 288,468,000
73.02 19.20 7.78
54.77 59.46 54.21
3,707,123,000
55.57
6,671,057,000
67
12-05-25 9:20 AM
CANADIAN 2011 UNDERWRITING EXPERIENCE COMPILED BY “CANADIAN UNDERWRITER”
COMPANY TYPE: B — Brokerage D — Direct Writer R — Reinsurance Only L — Life Only G — Government
COMPANY OWNERSHIP: C — Canadian US — United States UK — United Kingdom F — Foreign
ACE INA INSURANCE
Class
Net Prems Written
Net Prems Earned
Prop. - Personal...................... 635,000 624,000 Prop. - Commercial................. 51,052,000 48,633,000 Prop - Total ............................ 51,687,000 49,257,000 Aircraft..................................... 1,091,000 1,190,000 Auto. - Liability........................ 30,937,000 29,484,000 Auto. - Pers. Acc..................... 251,000 298,000 Auto. - Other............................ 18,939,000 18,653,000 Auto - Total ............................ 50,127,000 48,435,000 Boiler & Machinery.................. Fidelity..................................... 962,000 862,000 Hail.......................................... 245,000 263,000 Liability.................................... 89,051,000 90,194,000 Surety...................................... 7,428,000 7,116,000 Marine...................................... 6,684,000 7,280,000 Accident & Sickness................ 3,438,000 3,403,000 ——————— ——————— Total 2011................................ 210,713,000 208,000,000 Total 2010................................ 208,123,000 212,380,000 Total 2009................................ 221,255,000 222,921,000 Total 2008................................ 216,451,000 220,740,000 Total 2007................................ 230,794,000 230,645,000
Net Claims Incurred
356,000 49,294,000 49,650,000 478,000 47,283,000 47,000 12,519,000 59,849,000 585,000 127,000 –6,000 34,181,000 429,000 3,993,000 2,154,000 ——————— 151,440,000 144,148,000 150,679,000 138,202,000 77,466,000
Claims Ratio
57.05 101.36 100.80 40.17 160.37 15.77 67.12 123.57 0.00 14.73 –2.28 37.90 6.03 54.85 63.30 ————— 72.81 67.87 67.59 62.61 33.59
Dan Brosnan, President & Chief Executive Officer 1400-25 York St Toronto ON M5J 2V5 416-368-2911 Fax: 416-594-3000 www.ace-canada.com
2011 Direct Premiums Written: +288,564,000 2011 Underwriting Performance Summary
Reinsurance Assumed......................... 52,977,000 Reinsurance Ceded............................ 139,497,000 Net Premiums Written........................ 210,713,000 Net Premiums Earned........................ 208,000,000 Net Claims & Adj Exp......................... 151,440,000 Commissions........................................ 21,968,000 Taxes...................................................... 9,624,000 General Expenses................................ 24,839,000 Undwrwtg. Profit/Loss.............................. 129,000 Investment Income............................... 29,418,000
Underwriting Result 2011: 2008:
+$129,000 +$30,894,000
2010: 2007:
Growth: –2.11% %
Growth Rate (NPW)..................................... 1.24 % of Market (NPW)..................................... 0.53 Earned Loss Ratio..................................... 72.81 Total Expense Ratio.................................. 27.13 Combined Loss & Exp. Ratio.................... 99.94 Return on Equity......................................... 7.86
+$13,117,000 +$111,308,000
2009:
AFFILIATED FM INSURANCE COMPANY
Net Prems Written
Net Prems Earned
Prop. - Personal...................... 61,000 60,000 Prop. - Commercial................. 81,049,000 76,667,000 Prop - Total ............................ 81,110,000 76,727,000 Boiler & Machinery.................. 73,000 107,000 Liability.................................... Marine...................................... 1,639,000 1,909,000 ——————— ——————— Total 2011................................ 82,822,000 78,743,000 Total 2010................................ 76,948,000 72,433,000 Total 2009................................ 65,091,000 64,446,000 Total 2008................................ 49,064,000 47,549,000 Total 2007................................ 51,821,000 50,110,000
Net Claims Incurred
6,000 36,482,000 36,488,000 51,000 –394,000 2,048,000 ——————— 38,193,000 39,968,000 36,658,000 56,220,000 17,760,000
Claims Ratio
10.00 47.59 47.56 47.66 0.00 107.28 ————— 48.50 55.18 56.88 118.24 35.44
2011 Direct Premiums Written: +105,340,000 2011 Underwriting Performance Summary
Reinsurance Assumed........................................... Reinsurance Ceded.............................. 29,129,000 Net Premiums Written.......................... 82,822,000 Net Premiums Earned.......................... 78,743,000 Net Claims & Adj Exp........................... 38,193,000 Commissions.......................................... 1,905,000 Taxes...................................................... 4,468,000 General Expenses.................................. 9,781,000 Undwrwtg. Profit/Loss......................... 24,386,000 Investment Income................................. 6,486,000
Underwriting Result 2011: 2008:
+$24,386,000 –$18,799,000
2010: 2007:
+$24,675,000
B-US
Kenneth V Lavigne, Chief Agent 500-165 Commerce Valley Dr. W. Thornhill ON L3T 7V8 905-763-5555 Fax: 905-763-5556 www.fmglobal.ca
Class
B-US
Growth: 6.19% %
Growth Rate (NPW)..................................... 7.63 % of Market (NPW)..................................... 0.21 Earned Loss Ratio..................................... 48.50 Total Expense Ratio.................................. 20.51 Combined Loss & Exp. Ratio.................... 69.01 Return on Equity....................................... 25.09
+$16,698,000 +$23,543,000
2009:
+$10,476,000
ALBERTA MOTOR ASSOCIATION D-C Robert Katzell, Vice-President & Chief Operating Officer 11220 109 St NW INSURANCE COMPANY Edmonton AB T5G 2T6 781-341-7766 Fax: 780-341-7890 www.amainsurance.ca
Class
Net Prems Written
Prop. - Personal...................... 54,070,000 Prop. - Commercial................. 2,394,000 Prop - Total ............................ 56,464,000 Auto. - Liability........................ 88,971,000 Auto. - Pers. Acc..................... 9,243,000 Auto. - Other............................ 95,365,000 Auto - Total ............................ 193,579,000 Accident & Sickness................ 1,040,000 ——————— Total 2011................................ 251,083,000 Total 2010................................ 241,770,000 Total 2009................................ 239,485,000 Total 2008................................ 229,567,000 Total 2007................................ 203,736,000
68
2012 Stat Issue Cdn Underwriters.indd 68
Net Prems Earned
52,334,000 2,471,000 54,805,000 89,405,000 9,244,000 92,196,000 190,845,000 1,104,000 ——————— 246,754,000 238,785,000 236,060,000 218,607,000 193,805,000
Net Claims Incurred
54,557,000 910,000 55,467,000 79,459,000 6,946,000 49,689,000 136,094,000 409,000 ——————— 191,970,000 165,314,000 165,448,000 158,165,000 151,330,000
Claims Ratio
104.25 36.83 101.21 88.88 75.14 53.89 71.31 37.05 ————— 77.80 69.23 70.09 72.35 78.08
2011 Direct Premiums Written: +259,701,000 2011 Underwriting Performance Summary
Reinsurance Assumed........................................... Reinsurance Ceded................................ 8,618,000 Net Premiums Written........................ 251,083,000 Net Premiums Earned........................ 246,754,000 Net Claims & Adj Exp......................... 191,970,000 Commissions........................................ 28,173,000 Taxes...................................................... 7,792,000 General Expenses................................ 26,659,000 Undwrwtg. Profit/Loss............................ –746,000 Investment Income................................. 9,043,000
Underwriting Result 2011: 2008:
–$746,000 +$11,245,000
2010: 2007:
Growth: 2.93% %
Growth Rate (NPW)..................................... 3.85 % of Market (NPW)..................................... 0.63 Earned Loss Ratio..................................... 77.80 Total Expense Ratio.................................. 25.38 Combined Loss & Exp. Ratio.................. 103.18 Return on Equity......................................... 5.52
+$18,319,000 +$2,740,000
2009:
+$16,054,000
canadianunderwriter.ca CANADIAN UNDERWRITER STATISTICAL ISSUE 2012
12-05-25 9:21 AM
In harmony ad
6/18/10
9:57 AM
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in harmony, ACE insures progress
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Š 2010
2012 Stat Issue Cdn Underwriters.indd 69
12-05-25 9:21 AM
ALLIANZ GLOBAL RISKS US INSURANCE COMPANY D-US Thomas Paap, Chief Agent 1600 - 130 Adelaide St. W Toronto ON M5H 3P5 thomas.paap@agr.allianz.ca
Class
Net Prems Written
Net Prems Earned
Prop. - Commercial................. 70,971,000 72,514,000 Prop - Total ............................ 70,971,000 72,514,000 Aircraft..................................... 41,647,000 38,976,000 Auto. - Liability........................ –86,000 233,000 Auto. - Pers. Acc..................... –27,000 48,000 Auto. - Other............................ –173,000 39,000 Auto - Total ............................ –286,000 320,000 Boiler & Machinery.................. 8,340,000 8,368,000 Liability.................................... 31,438,000 29,271,000 Marine...................................... 15,046,000 14,262,000 Accident & Sickness................ ——————— ——————— Total 2011................................ 167,156,000 163,711,000 Total 2010................................ 169,676,000 157,041,000 Total 2009................................ 143,586,000 132,687,000 Total 2008................................ 130,462,000 79,940,000 Total 2007................................ 62,194,000 56,321,000
Net Claims Incurred
71,702,000 71,702,000 31,259,000 –2,212,000 –575,000 –575,000 –3,362,000 2,005,000 25,577,000 10,678,000 566,000 ——————— 138,425,000 111,143,000 92,957,000 40,293,000 37,127,000
Claims Ratio
98.88 98.88 80.20 –949.36 –1,197.92 –1,474.36 –1,050.63 23.96 87.38 74.87 0.00 ————— 84.55 70.77 70.06 50.40 65.92
2011 Direct Premiums Written: +248,513,000 2011 Underwriting Performance Summary
Reinsurance Assumed......................... 22,492,000 Reinsurance Ceded............................ 113,409,000 Net Premiums Written........................ 167,156,000 Net Premiums Earned........................ 163,711,000 Net Claims & Adj Exp......................... 138,425,000 Commissions........................................ 10,762,000 Taxes...................................................... 8,011,000 General Expenses................................ 18,840,000 Undwrwtg. Profit/Loss......................... –1,574,000 Investment Income............................... 12,327,000
Underwriting Result 2011: 2008:
–$1,574,000 +$27,798,000
2010: 2007:
Growth: 4.78% %
Growth Rate (NPW)................................... –1.49 % of Market (NPW)..................................... 0.42 Earned Loss Ratio..................................... 84.55 Total Expense Ratio.................................. 22.98 Combined Loss & Exp. Ratio.................. 107.53 Return on Equity......................................... 0.84
+$15,441,000 +$4,309,000
2009:
+$14,738,000
ALLSTATE INSURANCE COMPANY OF CANADA
D-US
John O’Donnell, President & Chief Executive Officer 27 Allstate Parkway, Suite 100 Markham ON L3R 5P8 905-477-6900 Fax: 905-475-4991 www.allstate.ca
Class
Net Prems Written
Net Prems Earned
Prop. - Personal...................... 214,115,000 205,846,000 Prop. - Commercial................. Prop - Total ............................ 214,115,000 205,846,000 Auto. - Liability........................ 364,020,000 340,503,000 Auto. - Pers. Acc..................... 192,770,000 170,039,000 Auto. - Other............................ 170,815,000 165,886,000 Auto - Total ............................ 727,605,000 676,428,000 Liability.................................... Accident & Sickness................ ——————— ——————— Total 2011................................ 941,720,000 882,274,000 Total 2010................................ 618,365,000 577,775,000 Total 2009................................ 548,775,000 540,781,000 Total 2008................................ 544,411,000 540,442,000 Total 2007................................ 535,800,000 527,135,000
Net Claims Incurred
127,835,000 214,000 128,049,000 254,793,000 109,555,000 115,143,000 479,491,000 2,020,000 –3,000 ——————— 609,557,000 393,174,000 380,705,000 397,776,000 335,011,000
Claims Ratio
62.10 0.00 62.21 74.83 64.43 69.41 70.89 0.00 0.00 ————— 69.09 68.05 70.40 73.60 63.55
2011 Direct Premiums Written: +955,998,000 2011 Underwriting Performance Summary
Reinsurance Assumed........................................... Reinsurance Ceded.............................. 14,278,000 Net Premiums Written........................ 941,720,000 Net Premiums Earned........................ 882,274,000 Net Claims & Adj Exp......................... 609,557,000 Commissions........................................ 67,305,000 Taxes.................................................... 28,673,000 General Expenses.............................. 162,069,000 Undwrwtg. Profit/Loss......................... 36,022,000 Investment Income............................... 68,697,000
Underwriting Result 2011: 2008:
+$36,022,000 –$63,047,000
2010: 2007:
Growth: 52.99% %
Growth Rate (NPW)................................... 52.29 % of Market (NPW)..................................... 2.35 Earned Loss Ratio..................................... 69.09 Total Expense Ratio.................................. 29.25 Combined Loss & Exp. Ratio.................... 98.34 Return on Equity....................................... 12.36
+$19,080,000 +$43,855,000
2009:
AMERICAN ROAD INSURANCE COMPANY
D-US
Colleen Sexsmith, Chief Agent 1145 Nicholson Rd., Unit 2 Newmarket ON L3Y 9C3
Class
Net Prems Written
Auto. - Other............................ 6,470,000 Auto - Total ............................ 6,470,000 ——————— Total 2011................................ 6,470,000 Total 2010................................ 5,886,000 Total 2009................................ 5,005,000 Total 2008................................ 6,853,000 Total 2007................................ 7,504,000
Net Prems Earned
6,470,000 6,470,000 ——————— 6,470,000 5,886,000 5,005,000 6,853,000 7,504,000
Net Claims Incurred
6,376,000 6,376,000 ——————— 6,376,000 5,934,000 2,534,000 4,136,000 8,993,000
Claims Ratio
98.55 98.55 ————— 98.55 100.82 50.63 60.35 119.84
2011 Direct Premiums Written: +6,470,000 2011 Underwriting Performance Summary
Reinsurance Assumed........................................... Reinsurance Ceded................................................ Net Premiums Written............................ 6,470,000 Net Premiums Earned............................ 6,470,000 Net Claims & Adj Exp............................. 6,376,000 Commissions.......................................................... Taxes......................................................... 157,000 General Expenses..................................... 514,000 Undwrwtg. Profit/Loss............................ –577,000 Investment Income.................................... 603,000
Underwriting Result 2011: 2008:
70
2012 Stat Issue Cdn Underwriters.indd 70
–$577,000 +$1,838,000
2010: 2007:
–$12,365,000
Growth: 9.92% %
Growth Rate (NPW)..................................... 9.92 % of Market (NPW)..................................... 0.02 Earned Loss Ratio..................................... 98.55 Total Expense Ratio.................................... 0.00 Combined Loss & Exp. Ratio...................... 0.00 Return on Equity......................................... 0.64
–$713,000 –$2,358,000
2009:
+$1,797,000
canadianunderwriter.ca CANADIAN UNDERWRITER STATISTICAL ISSUE 2012
12-05-25 9:21 AM
ARCH INSURANCE (CANADA)
B-F
Gordon Kerr, Chief Executive Officer 77 King St W, Suite 3600 PO Box 308 Toronto ON M5K 1K2 416-309-8100 Fax: 416-309-8150 www.archinsurance.com
Class
Net Prems Written
Net Prems Earned
Prop. - Commercial................. 32,800,000 27,789,000 Prop - Total ............................ 32,800,000 27,789,000 Aircraft..................................... 1,000 Auto. - Liability........................ 3,682,000 2,974,000 Auto. - Pers. Acc..................... 2,715,000 2,185,000 Auto. - Other............................ 2,644,000 3,293,000 Auto - Total ............................ 9,041,000 8,452,000 Credit Protection..................... 5,821,000 4,347,000 Liability.................................... 21,503,000 21,820,000 Surety...................................... 85,000 36,000 Marine...................................... Accident & Sickness................ 36,000 39,000 ——————— ——————— Total 2011................................ 69,286,000 62,484,000 Total 2010................................ 53,806,000 44,227,000 Total 2009................................ 36,494,000 32,147,000 Total 2008................................ 23,938,000 22,498,000 Total 2007................................ 22,508,000 19,774,000
Net Claims Incurred
17,262,000 17,262,000 –79,000 2,267,000 2,144,000 1,852,000 6,263,000 3,006,000 20,769,000 31,000 46,000 –326,000 ——————— 46,972,000 23,311,000 17,658,000 14,570,000 10,923,000
Claims Ratio
62.12 62.12 –7,900.00 76.23 98.12 56.24 74.10 69.15 95.18 86.11 0.00 –835.90 ————— 75.17 52.71 54.93 64.76 55.24
2011 Direct Premiums Written: +123,478,000 2011 Underwriting Performance Summary
Reinsurance Assumed......................... 19,301,000 Reinsurance Ceded.............................. 73,614,000 Net Premiums Written.......................... 69,286,000 Net Premiums Earned.......................... 62,484,000 Net Claims & Adj Exp........................... 46,972,000 Commissions........................................ –4,022,000 Taxes...................................................... 4,110,000 General Expenses................................ 16,919,000 Undwrwtg. Profit/Loss......................... –1,495,000 Investment Income................................. 5,355,000
Underwriting Result 2011: 2008:
–$1,495,000 +$1,695,000
2010: 2007:
Growth: 30.22% %
Growth Rate (NPW)................................... 28.77 % of Market (NPW)..................................... 0.18 Earned Loss Ratio..................................... 75.17 Total Expense Ratio.................................. 27.22 Combined Loss & Exp. Ratio.................. 102.39 Return on Equity......................................... 3.86
+$8,350,000 +$4,443,000
2009:
+$6,094,000
ATRADIUS CREDIT INSURANCE N.V.
D-F
Ian Miller, Chief Agent for Canada 83 Little Bridge St, Unit 12 Almonte ON K0A 1A0
Class
Net Prems Written
Credit....................................... 4,010,000 ——————— Total 2011................................ 4,010,000
Net Prems Earned
4,296,000 ——————— 4,296,000
Net Claims Incurred
1,716,000 ——————— 1,716,000
Claims Ratio
39.94 ————— 39.94
2011 Direct Premiums Written: +12,318,000 2011 Underwriting Performance Summary
Reinsurance Assumed........................................... Reinsurance Ceded................................ 8,308,000 Net Premiums Written............................ 4,010,000 Net Premiums Earned............................ 4,296,000 Net Claims & Adj Exp............................. 1,716,000 Commissions........................................ –1,288,000 Taxes......................................................... 288,000 General Expenses.................................. 3,530,000 Undwrwtg. Profit/Loss.............................. 480,000 Investment Income...................................... 74,000
Growth: 0.00% %
Growth Rate (NPW)..................................... 0.00 % of Market (NPW)..................................... 0.01 Earned Loss Ratio..................................... 39.94 Total Expense Ratio.................................. 58.89 Combined Loss & Exp. Ratio.................... 98.83 Return on Equity......................................... 6.41
Underwriting Result 2011:
+$480,000
Birds on a Wire Property & Casualty Insurance Newswire CANADIAN UNDERWRITER STATISTICAL ISSUE 2012
2012 Stat Issue Cdn Underwriters.indd 71
71
12-05-25 9:21 AM
AVIVA CANADA INC. AVIVA INSURANCE COMPANY OF CANADA TRADERS GENERAL INSURANCE COMPANY SCOTTISH & YORK INSURANCE CO. LIMITED ELITE INSURANCE COMPANY S&Y INSURANCE COMPANY PILOT INSURANCE COMPANY Class
Prop. - Personal...................... Prop. - Commercial................. Prop - Total ............................ Auto. - Liability........................ Auto. - Pers. Acc..................... Auto. - Other............................ Auto - Total ............................ Boiler & Machinery.................. Fidelity..................................... Liability.................................... Surety...................................... Marine...................................... Accident & Sickness................ Total 2011................................ Total 2010................................ Total 2009................................ Total 2008................................ Total 2007................................
Net Prems Written
636,867,000 436,977,000 1,073,844,000 815,110,000 400,519,000 569,566,000 1,785,195,000 27,389,000 663,000 321,946,000 49,095,000 32,572,000 320,000 ——————— 3,291,024,000 3,132,910,000 3,222,686,000 3,138,651,000 3,021,014,000
Net Prems Earned
659,197,000 421,012,000 1,080,209,000 778,497,000 384,968,000 559,746,000 1,723,211,000 26,975,000 587,000 317,860,000 49,205,000 19,357,000 648,000 ——————— 3,218,052,000 3,178,768,000 3,162,316,000 3,039,748,000 2,935,257,000
Net Claims Incurred
405,126,000 317,607,000 722,733,000 597,833,000 190,542,000 350,285,000 1,138,660,000 7,424,000 518,000 217,389,000 11,016,000 18,062,000 657,000 ——————— 2,116,459,000 2,081,272,000 2,280,725,000 2,074,165,000 1,932,541,000
Claims Ratio
61.46 75.44 66.91 76.79 49.50 62.58 66.08 27.52 88.25 68.39 22.39 93.31 101.39 ————— 65.77 65.47 72.12 68.23 65.84
B-UK
Maurice Tulloch, President & CEO 2206 Eglinton Ave. E. Scarborough ON M1L 4S8 416-288-1800 Fax: 416-288-9756 www.avivacanada.com
2011 Direct Premiums Written: +3,416,529,000 2011 Underwriting Performance Summary
Reinsurance Assumed........................... 2,451,000 Reinsurance Ceded............................ 127,955,000 Net Premiums Written..................... 3,291,024,000 Net Premiums Earned..................... 3,218,052,000 Net Claims & Adj Exp...................... 2,116,459,000 Commissions...................................... 615,338,000 Taxes.................................................. 108,741,000 General Expenses.............................. 290,303,000 Undwrwtg. Profit/Loss......................... 87,209,000 Investment Income............................. 319,296,000
Underwriting Result 2011: 2008:
+$87,209,000 –$79,363,000
2010: 2007:
Growth: 3.41% %
Growth Rate (NPW)..................................... 5.05 % of Market (NPW)..................................... 8.23 Earned Loss Ratio..................................... 65.77 Total Expense Ratio.................................. 31.52 Combined Loss & Exp. Ratio.................... 97.29 Return on Equity....................................... 17.59
+$52,202,000 +$29,526,000
2009:
BERKLEY INSURANCE COMPANY
–$153,745,000
Michael McLachlan, Chief Agent 1 First Canadian Place, 100 King St W, Suite 2610 Toronto ON M5X 1C8 416-304-1178 Fax: 416-304-4108 www.berkleycanada.com
Class
Net Prems Written
Prop. - Commercial................. 1,504,000 Prop - Total ............................ 1,504,000 Aircraft..................................... 502,000 Auto. - Liability........................ 123,000 Auto - Total ............................ 123,000 Fidelity..................................... 502,000 Liability.................................... 34,135,000 Surety...................................... 3,638,000 Marine...................................... 363,000 ——————— Total 2011................................ 40,767,000 Total 2010................................ 25,830,000
Net Prems Earned
1,071,000 1,071,000 510,000 128,000 128,000 434,000 28,409,000 3,574,000 199,000 ——————— 34,325,000 21,003,000
Net Claims Incurred
1,032,000 1,032,000 205,000 6,000 6,000 186,000 16,633,000 2,955,000 492,000 ——————— 21,509,000 8,803,000
Claims Ratio
96.36 96.36 40.20 4.69 4.69 42.86 58.55 82.68 247.24 ————— 62.66 41.91
2011 Direct Premiums Written: +38,384,000 2011 Underwriting Performance Summary
Reinsurance Assumed........................... 8,620,000 Reinsurance Ceded................................ 6,341,000 Net Premiums Written.......................... 40,767,000 Net Premiums Earned.......................... 34,325,000 Net Claims & Adj Exp........................... 21,509,000 Commissions.......................................... 7,163,000 Taxes...................................................... 1,111,000 General Expenses................................ 10,133,000 Undwrwtg. Profit/Loss......................... –5,207,000 Investment Income.................................... 995,000
Underwriting Result 2011:
–$5,207,000
2010:
B-US
Growth: 52.66% %
Growth Rate (NPW)................................... 57.83 % of Market (NPW)..................................... 0.10 Earned Loss Ratio..................................... 62.66 Total Expense Ratio.................................. 53.63 Combined Loss & Exp. Ratio.................. 116.29 Return on Equity....................................... –7.30
+$331,000
THE BOILER INSPECTION AND INSURANCE B-US John Mulvihill, President & Chief Executive Officer COMPANY OF CANADA 250 Yonge St, Suite 3000, Toronto ON M5B 2L7 416-363-5491 Fax: 416-363-0538 www.biico.com corporate@biico.com
Class
Net Prems Written
Prop. - Personal...................... 751,000 Prop. - Commercial................. 1,872,000 Prop - Total ............................ 2,623,000 Boiler & Machinery.................. 98,877,000 Liability.................................... 2,000 ——————— Total 2011................................ 101,502,000 Total 2010................................ 95,944,000 Total 2009................................ 90,670,000 Total 2008................................ 89,935,000 Total 2007................................ 85,795,000
Net Prems Earned
Net Claims Incurred
701,000 81,000 1,691,000 2,717,000 2,392,000 2,798,000 95,803,000 22,794,000 2,000 ——————— ——————— 98,197,000 25,592,000 94,939,000 21,624,000 90,010,000 24,783,000 87,581,000 24,071,000 85,232,000 19,645,000
Claims Ratio
11.55 160.67 116.97 23.79 ————— 26.06 22.78 27.53 27.48 23.05
2011 Direct Premiums Written: +27,342,000 2011 Underwriting Performance Summary
Reinsurance Assumed......................... 78,915,000 Reinsurance Ceded................................ 4,805,000 Net Premiums Written........................ 101,502,000 Net Premiums Earned.......................... 98,197,000 Net Claims & Adj Exp........................... 25,592,000 Commissions........................................ 30,650,000 Taxes...................................................... 1,106,000 General Expenses................................ 20,228,000 Undwrwtg. Profit/Loss......................... 21,821,000 Investment Income................................. 5,337,000
Underwriting Result 2011: 2008:
72
2012 Stat Issue Cdn Underwriters.indd 72
+$21,821,000 +$17,521,000
2010: 2007:
Growth: 0.75% %
Growth Rate (NPW)..................................... 5.79 % of Market (NPW)..................................... 0.25 Earned Loss Ratio..................................... 26.06 Total Expense Ratio.................................. 52.94 Combined Loss & Exp. Ratio.................... 79.00 Return on Equity....................................... 25.29
+$26,460,000 +$22,384,000
2009:
+$16,513,000
canadianunderwriter.ca CANADIAN UNDERWRITER STATISTICAL ISSUE 2012
12-05-25 9:21 AM
2012 Stat Issue Cdn Underwriters.indd 73
12-05-25 9:21 AM
CAA INSURANCE COMPANY (ONTARIO)
D-C
N.J. Parks, President 60 Commerce Valley Dr. E. Thornhill ON L3T 7P9 905-771-3000 Fax: 905-771-3463
Class
Net Prems Written
Prop. - Personal...................... 25,519,000 Prop - Total ............................ 25,519,000 Auto. - Liability........................ 57,785,000 Auto. - Pers. Acc..................... 46,491,000 Auto. - Other............................ 23,240,000 Auto - Total ............................ 127,516,000 Accident & Sickness................ 15,707,000 ——————— Total 2011................................ 168,742,000 Total 2010................................ 145,862,000 Total 2009................................ 130,203,000 Total 2008................................ 124,077,000 Total 2007................................ 110,031,000
Net Prems Earned
23,605,000 23,605,000 51,824,000 43,474,000 22,114,000 117,412,000 15,514,000 ——————— 156,531,000 138,648,000 128,923,000 117,576,000 109,459,000
Net Claims Incurred
14,262,000 14,262,000 39,295,000 32,097,000 13,549,000 84,941,000 4,045,000 ——————— 103,248,000 94,029,000 106,475,000 94,522,000 75,028,000
Claims Ratio
60.42 60.42 75.82 73.83 61.27 72.34 26.07 ————— 65.96 67.82 82.59 80.39 68.54
2011 Direct Premiums Written: +160,321,000 2011 Underwriting Performance Summary
Reinsurance Assumed......................... 15,223,000 Reinsurance Ceded................................ 6,802,000 Net Premiums Written........................ 168,742,000 Net Premiums Earned........................ 156,531,000 Net Claims & Adj Exp......................... 103,248,000 Commissions.......................................... 8,506,000 Taxes...................................................... 4,613,000 General Expenses................................ 43,194,000 Undwrwtg. Profit/Loss............................ –289,000 Investment Income............................... 12,225,000
Underwriting Result 2011: 2008:
–$289,000 –$19,908,000
2010: 2007:
Growth: 16.61% %
Growth Rate (NPW)................................... 15.69 % of Market (NPW)..................................... 0.42 Earned Loss Ratio..................................... 65.96 Total Expense Ratio.................................. 35.98 Combined Loss & Exp. Ratio.................. 101.94 Return on Equity....................................... 11.01
–$3,790,000 –$1,667,000
2009:
CANADIAN DIRECT INSURANCE
Suite 600-750 Cambie Street Vancouver BC V6B 0A2 604-699-3838 Fax: 604-699-3860 canadiandirect.com insurancegeneral@canadiandirect.ca
Class
Net Prems Written
Prop. - Personal...................... 31,661,000 Prop - Total ............................ 31,661,000 Auto. - Liability........................ 32,204,000 Auto. - Pers. Acc..................... 3,026,000 Auto. - Other............................ 52,472,000 Auto - Total ............................ 87,702,000 Liability.................................... 1,409,000 ——————— Total 2011................................ 120,772,000 Total 2010................................ 115,505,000 Total 2009................................ 109,571,000 Total 2008................................ 100,205,000 Total 2007................................ 97,771,000
Net Prems Earned
29,879,000 29,879,000 31,915,000 3,026,000 51,462,000 86,403,000 1,350,000 ——————— 117,632,000 111,368,000 104,063,000 97,943,000 94,914,000
Net Claims Incurred
19,296,000 19,296,000 22,966,000 1,722,000 31,947,000 56,635,000 290,000 ——————— 76,221,000 69,791,000 69,851,000 65,462,000 63,695,000
Claims Ratio
64.58 64.58 71.96 56.91 62.08 65.55 21.48 ————— 64.80 62.67 67.12 66.84 67.11
2011 Direct Premiums Written: +129,671,000 2011 Underwriting Performance Summary
Reinsurance Assumed........................................... Reinsurance Ceded................................ 8,899,000 Net Premiums Written........................ 120,772,000 Net Premiums Earned........................ 117,632,000 Net Claims & Adj Exp........................... 76,221,000 Commissions.......................................... 1,726,000 Taxes...................................................... 4,907,000 General Expenses................................ 28,569,000 Undwrwtg. Profit/Loss........................... 8,102,000 Investment Income................................. 7,133,000
Underwriting Result 2011: 2008:
+$8,102,000 +$6,448,000
2010: 2007:
–$23,183,000
D-C
Growth: 4.19% %
Growth Rate (NPW)..................................... 4.56 % of Market (NPW)..................................... 0.30 Earned Loss Ratio..................................... 64.80 Total Expense Ratio.................................. 29.93 Combined Loss & Exp. Ratio.................... 94.73 Return on Equity....................................... 15.51
+$10,068,000 +$6,785,000
2009:
LA CAPITALE ASSURANCES GENERALES INC.
+$6,506,000
D-C
Constance Lemieux, Presidente et chef de l’exploitation 525, boul. Rene-Levesque Est, 6eme etage, CP Box 17100 Quebec QC G1K 9E2 418-266-9525 Fax: 418-266-3467
Class
Net Prems Written
Prop. - Personal...................... 142,120,000 Prop. - Commercial................. 23,270,000 Prop - Total ............................ 165,390,000 Auto. - Liability........................ 138,975,000 Auto. - Pers. Acc..................... 20,722,000 Auto. - Other............................ 159,329,000 Auto - Total ............................ 319,026,000 Legal Expense......................... 4,315,000 Liability.................................... 6,660,000 Surety...................................... 5,107,000 ——————— Total 2011................................ 500,498,000 Total 2010................................ 448,792,000 Total 2009................................ 423,955,000 Total 2008................................ 406,120,000 Total 2007................................ 366,588,000
74
2012 Stat Issue Cdn Underwriters.indd 74
Net Prems Earned
131,790,000 22,866,000 154,656,000 125,245,000 20,408,000 142,607,000 288,260,000 3,882,000 11,215,000 5,146,000 ——————— 463,159,000 421,999,000 397,577,000 376,047,000 352,594,000
Net Claims Incurred
84,910,000 15,007,000 99,917,000 82,975,000 7,792,000 78,982,000 169,749,000 2,397,000 6,328,000 687,000 ——————— 279,078,000 270,594,000 262,009,000 260,904,000 232,645,000
Claims Ratio
64.43 65.63 64.61 66.25 38.18 55.38 58.89 61.75 56.42 13.35 ————— 60.26 64.12 65.90 69.38 65.98
2011 Direct Premiums Written: +495,711,000 2011 Underwriting Performance Summary
Reinsurance Assumed....................... 144,542,000 Reinsurance Ceded............................ 139,755,000 Net Premiums Written........................ 500,498,000 Net Premiums Earned........................ 463,159,000 Net Claims & Adj Exp......................... 279,078,000 Commissions........................................ 57,380,000 Taxes.................................................... 16,065,000 General Expenses................................ 93,367,000 Undwrwtg. Profit/Loss......................... 15,744,000 Investment Income............................... 17,764,000
Underwriting Result 2011: 2008:
+$15,744,000 +$19,131,000
2010: 2007:
Growth: 9.11% %
Growth Rate (NPW)................................... 11.52 % of Market (NPW)..................................... 1.25 Earned Loss Ratio..................................... 60.26 Total Expense Ratio.................................. 36.02 Combined Loss & Exp. Ratio.................... 96.28 Return on Equity....................................... 12.89
+$19,840,000 +$29,360,000
2009:
+$15,412,000
canadianunderwriter.ca CANADIAN UNDERWRITER STATISTICAL ISSUE 2012
12-05-25 9:21 AM
CHUBB INSURANCE COMPANY OF CANADA
Ellen J. Moore, President One Financial Place, 1 Adelaide St. E. Toronto ON M5C 2V9 416-863-0550 Fax: 416-863-3144
Class
Net Prems Written
Net Prems Earned
Prop. - Personal...................... 205,853,000 203,731,000 Prop. - Commercial................. 69,547,000 64,208,000 Prop - Total ............................ 275,400,000 267,939,000 Aircraft..................................... Auto. - Liability........................ 35,244,000 33,466,000 Auto. - Pers. Acc..................... 8,085,000 7,776,000 Auto. - Other............................ 29,725,000 28,486,000 Auto - Total ............................ 73,054,000 69,728,000 Boiler & Machinery.................. 4,949,000 4,851,000 Fidelity..................................... 19,705,000 19,872,000 Liability.................................... 211,642,000 216,845,000 Surety...................................... 16,410,000 11,459,000 Marine...................................... 2,977,000 3,095,000 Accident & Sickness................ 11,173,000 11,232,000 ——————— ——————— Total 2011................................ 615,310,000 605,021,000 Total 2010................................ 598,135,000 601,292,000 Total 2009................................ 607,834,000 618,997,000 Total 2008................................ 575,132,000 580,674,000 Total 2007................................ 578,432,000 590,749,000
Net Claims Incurred
107,999,000 43,609,000 151,608,000 6,000 30,073,000 6,493,000 13,495,000 50,061,000 639,000 14,592,000 121,994,000 1,270,000 372,000 10,670,000 ——————— 351,212,000 197,092,000 351,432,000 352,012,000 286,880,000
Claims Ratio
53.01 67.92 56.58 0.00 89.86 83.50 47.37 71.79 13.17 73.43 56.26 11.08 12.02 95.00 ————— 58.05 32.78 56.77 60.62 48.56
2011 Direct Premiums Written: +654,093,000 2011 Underwriting Performance Summary
Reinsurance Assumed........................... 1,929,000 Reinsurance Ceded.............................. 48,319,000 Net Premiums Written........................ 615,310,000 Net Premiums Earned........................ 605,021,000 Net Claims & Adj Exp......................... 351,212,000 Commissions........................................ 94,806,000 Taxes.................................................... 21,658,000 General Expenses................................ 83,299,000 Undwrwtg. Profit/Loss......................... 54,046,000 Investment Income............................... 73,026,000
Underwriting Result 2011: 2008:
+$54,046,000 +$46,306,000
2010: 2007:
Growth: 2.56% %
Growth Rate (NPW)..................................... 2.87 % of Market (NPW)..................................... 1.54 Earned Loss Ratio..................................... 58.05 Total Expense Ratio.................................. 33.02 Combined Loss & Exp. Ratio.................... 91.07 Return on Equity....................................... 11.05
+$211,466,000 +$121,845,000
2009:
CLARE MUTUAL INSURANCE COMPANY
Net Prems Written
Prop. - Personal...................... 616,000 Prop. - Commercial................. 287,000 Prop - Total ............................ 903,000 Liability.................................... 91,000 ——————— Total 2011................................ 994,000 Total 2010................................ 944,000 Total 2009................................ 942,000 Total 2008................................ 956,000 Total 2007................................ 959,000
Net Prems Earned
732,000 164,000 896,000 26,000 ——————— 922,000 907,000 914,000 939,000 925,000
Net Claims Incurred
367,000 25,000 392,000 200,000 ——————— 592,000 481,000 301,000 452,000 390,000
Claims Ratio
50.14 15.24 43.75 769.23 ————— 64.21 53.03 32.93 48.14 42.16
2011 Direct Premiums Written: +2,724,000 2011 Underwriting Performance Summary
Reinsurance Assumed........................................... Reinsurance Ceded................................ 1,730,000 Net Premiums Written............................... 994,000 Net Premiums Earned............................... 922,000 Net Claims & Adj Exp................................ 592,000 Commissions........................................... –229,000 Taxes...................................................................... General Expenses..................................... 763,000 Undwrwtg. Profit/Loss.............................. –94,000 Investment Income.................................... 120,000
Underwriting Result 2011: 2008:
–$94,000 –$105,000
2010: 2007:
+$74,215,000
D-C
Janice Belliveau, President Belliveau Cove Digby County NS B0W 1J0 902-837-4597 Fax: 902-837-7745
Class
B-US
Growth: 6.24% %
Growth Rate (NPW)..................................... 5.30 % of Market (NPW)..................................... 0.00 Earned Loss Ratio..................................... 64.21 Total Expense Ratio.................................... 0.00 Combined Loss & Exp. Ratio...................... 0.00 Return on Equity......................................... 1.86
–$131,000 –$31,000
2009:
CO-OPERATIVE HAIL INSURANCE Nick S Gayton, Chief Executive Officer COMPANY LIMITED Box 777, 2709-13th Ave.
–$18,000
D-C
Regina SK S4P 3A8 306-522-8891 Fax: 306-352-9130 ngayton@coophail.com
Class
Net Prems Written
Hail.......................................... 31,537,000 ——————— Total 2011................................ 31,537,000 Total 2010................................ 33,491,000 Total 2009................................ 25,593,000 Total 2008................................ 24,894,000 Total 2007................................ 20,282,000
Net Prems Earned
31,537,000 ——————— 31,537,000 33,491,000 25,593,000 24,894,000 20,282,000
Net Claims Incurred
20,446,000 ——————— 20,446,000 21,889,000 4,426,000 22,966,000 22,084,000
Claims Ratio
64.83 ————— 64.83 65.36 17.29 92.26 108.88
2011 Direct Premiums Written: +45,056,000 2011 Underwriting Performance Summary
Reinsurance Assumed........................................... Reinsurance Ceded.............................. 13,519,000 Net Premiums Written.......................... 31,537,000 Net Premiums Earned.......................... 31,537,000 Net Claims & Adj Exp........................... 20,446,000 Commissions.......................................... 1,323,000 Taxes...................................................... 1,284,000 General Expenses.................................. 1,766,000 Undwrwtg. Profit/Loss........................... 3,927,000 Investment Income................................. 1,779,000
Underwriting Result 2011: 2008:
CANADIAN UNDERWRITER STATISTICAL ISSUE 2012
2012 Stat Issue Cdn Underwriters.indd 75
+$3,927,000 –$1,779,000
2010: 2007:
Growth: –8.08% %
Growth Rate (NPW)................................... –5.83 % of Market (NPW)..................................... 0.08 Earned Loss Ratio..................................... 64.83 Total Expense Ratio.................................. 13.87 Combined Loss & Exp. Ratio.................... 78.70 Return on Equity....................................... 11.48
+$6,021,000 –$5,932,000
2009:
+$18,987,000
75
12-05-25 9:21 AM
CHARTIS INSURANCE COMPANY OF CANADA Lynn Oldfield, Chief Executive Officer 1400 145 Wellington St. W. Toronto ON M5J 1H8 416-596-3000 Fax: 416-977-2743 www.chartisinsurance.net
Class
Net Prems Written
Prop. - Commercial................. 147,454,000 Aircraft..................................... 6,748,000 Auto. - Liability........................ 21,630,000 Auto. - Pers. Acc..................... 8,246,000 Auto - Total ............................ 39,399,000 Auto. - Other............................ 9,523,000 Boiler & Machinery.................. 4,509,000 Credit....................................... 4,167,000 Fidelity..................................... 11,982,000 Liability.................................... 247,446,000 Surety...................................... 8,910,000 Marine...................................... 5,898,000 Accident & Sickness................ 85,823,000 ——————— Total 2011................................ 562,336,000 Total 2010................................ 586,596,000 Total 2009................................ 574,369,000 Total 2008................................ 498,752,000 Total 2007................................ 76,535,000
Net Prems Earned
149,271,000 6,555,000 20,691,000 7,968,000 37,999,000 9,340,000 3,537,000 3,820,000 11,808,000 253,249,000 9,843,000 5,358,000 88,633,000 ——————— 570,073,000 585,002,000 596,953,000 161,434,000 93,477,000
Net Claims Incurred
117,582,000 5,706,000 21,618,000 4,408,000 31,206,000 5,180,000 4,784,000 1,927,000 –23,359,000 134,066,000 1,988,000 2,773,000 44,690,000 ——————— 321,363,000 412,742,000 444,808,000 24,982,000 41,795,000
Claims Ratio
78.77 87.05 104.48 55.32 82.12 55.46 135.26 50.45 –197.82 52.94 20.20 51.75 50.42 ————— 56.37 70.55 74.51 15.48 44.71
2011 Direct Premiums Written: +948,895,000 2011 Underwriting Performance Summary
Reinsurance Assumed......................... 19,177,000 Reinsurance Ceded............................ 409,216,000 Net Premiums Written........................ 562,336,000 Net Premiums Earned........................ 570,073,000 Net Claims & Adj Exp......................... 321,363,000 Commissions........................................ 33,328,000 Taxes.................................................... 31,607,000 General Expenses................................ 66,178,000 Undwrwtg. Profit/Loss....................... 118,096,000 Investment Income............................. 159,447,000
Underwriting Result 2011: 2008:
+$118,096,000 +$82,359,000
2010: 2007:
B-US
Growth: –5.67% %
Growth Rate (NPW)................................... –4.14 % of Market (NPW)..................................... 1.41 Earned Loss Ratio..................................... 56.37 Total Expense Ratio.................................. 23.00 Combined Loss & Exp. Ratio.................... 79.37 Return on Equity....................................... 15.93
+$51,075,000 +$30,478,000
2009:
CO-OPERATORS GENERAL INSURANCE Katherine Bardswick, President & C.E.O. COMPANY (CONSOLIDATED) Priory Square
+$39,903,000
D-C
Guelph ON N1H 6P8 CO-OPERATORS GENERAL INSURANCE COMPANY 519-824-4400 COSECO INSURANCE COMPANY L’EQUITABLE COMPAGNIE D’ASSURANCES GENERALES Fax: 519-837-0231 SOVEREIGN GENERAL INSURANCE COMPANY L’UNION CANADIENNE, COMPAGNIE D’ASSURANCES
Class
Net Prems Written
Net Prems Earned
Prop. - Personal...................... 565,531,000 559,656,000 Prop. - Commercial................. 348,335,000 310,445,000 Prop - Total ............................ 913,866,000 870,101,000 Aircraft..................................... Auto. - Liability........................ 540,194,000 530,566,000 Auto. - Pers. Acc..................... 197,129,000 205,894,000 Auto. - Other............................ 362,212,000 360,091,000 Auto - Total ............................ 1,099,535,000 1,096,551,000 Boiler & Machinery.................. –93,000 –22,000 Fidelity..................................... 2,972,000 2,977,000 Hail.......................................... Liability.................................... 189,520,000 185,058,000 Surety...................................... 9,305,000 8,459,000 Marine...................................... 13,792,000 10,994,000 Accident & Sickness................ 129,000 146,000 ——————— ——————— Total 2011................................ 2,229,026,000 2,174,264,000 Total 2010................................ 2,131,290,000 2,099,662,000 Total 2009................................ 2,099,371,000 2,037,792,000 Total 2008................................ 2,023,403,000 1,980,161,000 Total 2007................................ 1,938,608,000 1,908,334,000
Net Claims Incurred
396,746,000 256,876,000 653,622,000 –54,000 326,897,000 81,031,000 248,313,000 656,241,000 –23,000 1,427,000 –2,000 94,620,000 1,561,000 5,733,000 148,000 ——————— 1,413,273,000 1,476,167,000 1,435,749,000 1,456,593,000 1,269,227,000
Claims Ratio
70.89 82.74 75.12 0.00 61.61 39.36 68.96 59.85 104.55 47.93 0.00 51.13 18.45 52.15 101.37 ————— 65.00 70.30 70.46 73.56 66.51
2011 Direct Premiums Written: +2,310,788,000 2011 Underwriting Performance Summary
Reinsurance Assumed........................... 6,147,000 Reinsurance Ceded.............................. 87,991,000 Net Premiums Written..................... 2,229,026,000 Net Premiums Earned..................... 2,174,264,000 Net Claims & Adj Exp...................... 1,413,273,000 Commissions...................................... 329,410,000 Taxes.................................................... 74,482,000 General Expenses.............................. 348,412,000 Undwrwtg. Profit/Loss......................... 28,831,000 Investment Income............................. 168,026,000
Underwriting Result 2011: 2008:
+$28,831,000 –$126,271,000
2010: 2007:
Growth: 0.39% %
Growth Rate (NPW)..................................... 4.59 % of Market (NPW)..................................... 5.57 Earned Loss Ratio..................................... 65.00 Total Expense Ratio.................................. 34.60 Combined Loss & Exp. Ratio.................... 99.60 Return on Equity....................................... 10.33
-$73,904,000 +$32,577,000
2009:
–$62,377,000
COREPOINT INSURANCE COMPANY
Colleen Sexsmith, Chief Agent 1145 Nicholson Rd., Unit 2 Newmarket ON L3Y 9C3 905-853-0858 Fax: 905-853-0183
Net Prems Class
Net Prems Written
Prop. - Commercial................. Prop - Total ............................ 0 Auto. - Liability........................ –162,000 Auto. - Other............................ 9,000 Auto - Total ............................ –153,000 Other Apprvd. Prod................. 67,000 ——————— Total 2011................................ –86,000
Net Claims Earned
8,000 8,000 149,000 10,000 159,000 68,000 ——————— 235,000
Claims Incurred
–1,000 –1,000 –1,084,000 –69,000 –1,153,000 34,000 ——————— –1,120,000
Ratio
–12.50 –12.50 –727.52 –690.00 –725.16 50.00 ————— –476.60
2011 Direct Premiums Written: –2,000 2011 Underwriting Performance Summary
Reinsurance Assumed........................................... Reinsurance Ceded..................................... 84,000 Net Premiums Written............................... –86,000 Net Premiums Earned............................... 235,000 Net Claims & Adj Exp........................... –1,120,000 Commissions................................................. 2,000 Taxes........................................................... 15,000 General Expenses..................................... 243,000 Undwrwtg. Profit/Loss........................... 1,095,000 Investment Income.................................... 702,000
Growth: 0.00% %
Growth Rate (NPW)..................................... 0.00 % of Market (NPW)..................................... 0.00 Earned Loss Ratio................................. –476.60 Total Expense Ratio................................ 110.64 Combined Loss & Exp. Ratio................ –365.96 Return on Equity......................................... 9.35
Underwriting Result 2011:
76
2012 Stat Issue Cdn Underwriters.indd 76
+$1,095,000
canadianunderwriter.ca CANADIAN UNDERWRITER STATISTICAL ISSUE 2012
12-05-25 9:21 AM
you You r da ’re c ta m om ay s plian till b t, b e at ut risk .
are co Yo ver u ed?
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2012 Stat Issue Cdn Underwriters.indd 77
12-05-25 9:21 AM
CNA CANADA
Class
Net Prems Written
Net Prems Earned
Prop. - Personal...................... Prop. - Commercial................. 49,499,000 49,975,000 Prop - Total ............................ 49,499,000 49,975,000 Aircraft..................................... Auto. - Liability........................ 13,648,000 12,585,000 Auto. - Pers. Acc..................... 2,050,000 1,885,000 Auto. - Other............................ 7,051,000 6,800,000 Auto - Total ............................ 22,749,000 21,270,000 Boiler & Machinery.................. 106,000 152,000 Fidelity..................................... 462,000 798,000 Liability.................................... 134,989,000 133,207,000 Surety...................................... –8,000 Marine...................................... 36,799,000 36,076,000 Accident & Sickness................ ——————— ——————— Total 2011................................ 244,604,000 241,470,000 Total 2010................................ 236,489,000 233,840,000 Total 2009................................ 225,350,000 228,776,000 Total 2008................................ 237,887,000 229,435,000 Total 2007................................ 232,004,000 225,779,000
Net Claims Incurred
10,000 41,108,000 41,118,000 –53,000 7,844,000 1,162,000 7,283,000 16,289,000 55,000 856,000 72,947,000 27,000 18,426,000 29,000 ——————— 149,694,000 133,618,000 121,169,000 148,735,000 124,629,000
Claims Ratio
0.00 82.26 82.28 0.00 62.33 61.64 107.10 76.58 36.18 107.27 54.76 –337.50 51.08 0.00 ————— 61.99 57.14 52.96 64.83 55.20
2011 Direct Premiums Written: +253,613,000 2011 Underwriting Performance Summary
Reinsurance Assumed........................... 7,337,000 Reinsurance Ceded.............................. 19,594,000 Net Premiums Written........................ 244,604,000 Net Premiums Earned........................ 241,470,000 Net Claims & Adj Exp......................... 149,694,000 Commissions........................................ 53,446,000 Taxes...................................................... 7,606,000 General Expenses................................ 22,011,000 Undwrwtg. Profit/Loss........................... 8,713,000 Investment Income............................... 27,802,000
Underwriting Result 2011: 2008:
B-US
Gary J Owcar, Chief Agent, President & COO 250 Yonge St., Suite 1500 Toronto ON M5B 2L7 416-542-7300 Fax: 416-542-7360 www.cnacanada.ca
CONTINENTAL CASUALTY COMPANY
+$8,713,000 +$3,066,000
2010: 2007:
Growth: 3.48% %
Growth Rate (NPW)..................................... 3.43 % of Market (NPW)..................................... 0.61 Earned Loss Ratio..................................... 61.99 Total Expense Ratio.................................. 34.40 Combined Loss & Exp. Ratio.................... 96.39 Return on Equity......................................... 7.93
+$23,499,000 +$27,651,000
2009:
+$29,870,000
CUMIS GENERAL INSURANCE COMPANY
D-C
Katherine Bardswick, President & Chief Executive Officer P.O. Box 5065, 151 North Service Rd. Burlington ON L7R 4C2 905-632-1221 Fax: 905-632-9412 www.cumis.com
Class
Net Prems Written
Net Prems Earned
Net Claims Incurred
Prop. - Personal...................... 23,650,000 21,521,000 15,705,000 Prop. - Commercial................. 11,740,000 12,166,000 3,577,000 Prop - Total ............................ 35,390,000 33,687,000 19,282,000 Auto. - Liability........................ 17,445,000 16,076,000 14,914,000 Auto. - Pers. Acc..................... 11,742,000 10,781,000 10,558,000 Auto. - Other............................ 10,994,000 10,194,000 6,077,000 Auto - Total ............................ 40,181,000 37,051,000 31,549,000 Boiler & Machinery.................. –10,000 Fidelity..................................... 7,200,000 7,230,000 3,293,000 Liability.................................... 6,508,000 6,404,000 2,354,000 Surety...................................... 4,000 1,000 Accident & Sickness................ 2,692,000 2,620,000 854,000 ——————— ——————— ——————— Total 2011................................ 91,975,000 86,993,000 57,322,000 Total 2010................................ 104,008,000 79,140,000 42,951,000 Total 2009................................ 34,087,000 32,856,000 20,907,000 Total 2008................................ 33,097,000 30,685,000 15,865,000 Total 2007................................ 28,148,000 27,362,000 15,507,000
Claims Ratio
72.98 29.40 57.24 92.77 97.93 59.61 85.15 0.00 45.55 36.76 32.60 ————— 65.89 54.27 63.63 51.70 56.67
2011 Direct Premiums Written: +101,618,000 2011 Underwriting Performance Summary
Reinsurance Assumed........................... 2,469,000 Reinsurance Ceded.............................. 12,112,000 Net Premiums Written.......................... 91,975,000 Net Premiums Earned.......................... 86,993,000 Net Claims & Adj Exp........................... 57,322,000 Commissions........................................ 11,524,000 Taxes...................................................... 3,379,000 General Expenses................................ 11,968,000 Undwrwtg. Profit/Loss.............................. –49,000 Investment Income................................. 5,495,000
Underwriting Result 2011: 2008:
–$49,000 +$3,732,000
2010: 2007:
Growth: 10.44% %
Growth Rate (NPW)................................. –11.57 % of Market (NPW)..................................... 0.23 Earned Loss Ratio..................................... 65.89 Total Expense Ratio.................................. 30.89 Combined Loss & Exp. Ratio.................... 96.78 Return on Equity......................................... 6.41
+$3,328,000 +$2,060,000
2009:
+$3,045,000
DESJARDINS GENERAL INSURANCE GROUP INC. Sylvie Paquette, Président 6300 Boul. De La Rive-Sud Levis QC G6V 6P9 418-835-4850 Fax: 418-835-5599 www.desjardins.com
Class
Prop. - Personal...................... Prop. - Commercial................. Prop - Total ............................ Auto. - Liability........................ Auto. - Pers. Acc..................... Auto. - Other............................ Auto - Total ............................ Boiler & Machinery.................. Fidelity..................................... Liability.................................... Surety...................................... Total 2011................................ Total 2010................................ Total 2009................................ Total 2008................................ Total 2007................................
Net Prems Written
560,169,000 54,691,000 614,860,000 498,638,000 221,483,000 443,170,000 1,163,291,000 489,000 2,243,000 20,589,000 336,000 ——————— 1,801,808,000 1,618,806,000 1,471,075,000 1,434,612,000 1,401,809,000
78
2012 Stat Issue Cdn Underwriters.indd 78
Net Prems Earned
533,489,000 51,795,000 585,284,000 465,497,000 199,957,000 435,190,000 1,100,644,000 480,000 2,247,000 19,987,000 324,000 ——————— 1,708,966,000 1,524,262,000 1,442,868,000 1,425,727,000 1,379,296,000
Net Claims Incurred
326,349,000 25,284,000 351,633,000 384,208,000 169,467,000 295,564,000 849,239,000 24,000 4,080,000 59,469,000 –8,411,000 ——————— 1,256,034,000 1,056,072,000 991,955,000 1,055,943,000 955,950,000
Claims Ratio
61.17 48.82 60.08 82.54 84.75 67.92 77.16 5.00 181.58 297.54 –2,595.99 ————— 73.50 69.28 68.75 74.06 69.31
2011 Direct Premiums Written: +1,829,847,000 2011 Underwriting Performance Summary
Reinsurance Assumed........................................... Reinsurance Ceded.............................. 28,039,000 Net Premiums Written..................... 1,801,808,000 Net Premiums Earned..................... 1,708,966,000 Net Claims & Adj Exp...................... 1,256,034,000 Commissions........................................ 24,733,000 Taxes.................................................... 58,652,000 General Expenses.............................. 345,538,000 Undwrwtg. Profit/Loss......................... 28,651,000 Investment Income............................. 150,384,000
Underwriting Result 2011: 2008:
+$28,651,000 +$31,627,000
2010: 2007:
D-C
Growth: 11.14% %
Growth Rate (NPW)................................... 11.30 % of Market (NPW)..................................... 4.63 Earned Loss Ratio..................................... 73.50 Total Expense Ratio.................................. 25.10 Combined Loss & Exp. Ratio.................... 98.60 Return on Equity....................................... 17.40
+$81,421,000 +$102,831,000
2009:
+$81,325,000
canadianunderwriter.ca CANADIAN UNDERWRITER STATISTICAL ISSUE 2012
12-05-25 9:21 AM
Decemb er 2nD, 3:52 p.m .
the rIght rel atIonshIp makes all of the DIfference In an Ins tant,
So phi a R e y n o l dS k ne w She co u l d d o m o R e fo R heR cl ient
An insurance broker, Sophia Reynolds, contacted CNA about an account that didn’t fit the standard risk profile. After Sophia went over the details with her CNA underwriter, she was happy to deliver a customized coverage package to her client — which ultimately helped her retain an important relationship. Way to put together a winning team, Sophia.
To learn more about our comprehensive portfolio of insurance products and services, and the industries we serve, visit www.cnacanada.ca.
Construction • Manufacturing • Oil & Gas • Life Science • Renewable Energy
CNA is a registered trademark of CNA Financial Corporation. Copyright © 2011 Continental Casualty Company. All rights reserved.
CNA-BR-056_BrandAd_SophiaReynolds_8125x10875_FINAL.indd 1 2012 Stat Issue Cdn Underwriters.indd 79
9/26/11 5:21 PM 12-05-25 9:21 AM
THE DOMINION OF CANADA GENERAL G.L. Cooke, President & C.E.O. INSURANCE COMPANY 165 University Ave.
B-C
Toronto ON M5H 3B9 416-362-7231 Fax: 416-362-9918
Class
Prop. - Personal...................... Prop. - Commercial................. Prop - Total ............................ Auto. - Liability........................ Auto. - Pers. Acc..................... Auto. - Other............................ Auto - Total ............................ Fidelity..................................... Liability.................................... Surety...................................... Total 2011................................ Total 2010................................ Total 2009................................ Total 2008................................ Total 2007................................
Net Prems Written
255,702,000 100,096,000 355,798,000 343,540,000 222,132,000 204,434,000 770,106,000 1,220,000 82,279,000 1,518,000 ——————— 1,210,921,000 1,214,959,000 1,128,003,000 1,047,757,000 996,484,000
Net Prems Earned
253,125,000 99,992,000 353,117,000 352,825,000 209,561,000 214,774,000 777,160,000 1,224,000 81,201,000 1,634,000 ——————— 1,214,336,000 1,190,329,000 1,086,026,000 1,023,257,000 998,882,000
Net Claims Incurred
158,593,000 87,715,000 246,308,000 368,953,000 146,606,000 107,594,000 623,153,000 789,000 55,853,000 11,000 ——————— 926,114,000 849,272,000 903,431,000 768,579,000 714,655,000
Claims Ratio
62.65 87.72 69.75 104.57 69.96 50.10 80.18 64.46 68.78 0.67 ————— 76.27 71.35 83.19 75.11 71.55
2011 Direct Premiums Written: +1,268,612,000 2011 Underwriting Performance Summary
Reinsurance Assumed........................... 3,512,000 Reinsurance Ceded.............................. 61,215,000 Net Premiums Written..................... 1,210,921,000 Net Premiums Earned..................... 1,214,336,000 Net Claims & Adj Exp......................... 926,114,000 Commissions...................................... 215,320,000 Taxes.................................................... 41,559,000 General Expenses.............................. 131,546,000 Undwrwtg. Profit/Loss....................... –85,062,000 Investment Income............................. 118,003,000
Underwriting Result 2011: 2008:
–$85,062,000 –$50,749,000
2010: 2007:
Growth: 0.00% %
Growth Rate (NPW)................................... –0.33 % of Market (NPW)..................................... 3.03 Earned Loss Ratio..................................... 76.27 Total Expense Ratio.................................. 31.99 Combined Loss & Exp. Ratio.................. 108.26 Return on Equity......................................... 3.17
–$10,190,000 –$15,725,000
2009:
–$144,036,000
ECHELON GENERAL INSURANCE COMPANY
B-C
Douglas McIntrye, Executive Chairman, Steve Dobrony, C.E.O. George Kalopsis, President & C.O.O. 2680 Matheson Blvd E, Suite 300, Mississauga ON L4W 0A5 905-214-7880 Fax: 905-214-7883 www.echelon-insurance.ca
Class
Net Prems Written
Net Prems Earned
Net Claims Incurred
Prop. - Personal...................... 5,569,000 3,134,000 1,172,000 Prop. - Commercial................. 8,056,000 6,824,000 5,464,000 Prop - Total ............................ 13,625,000 9,958,000 6,636,000 Auto. - Liability........................ 59,165,000 58,201,000 46,919,000 Auto. - Pers. Acc..................... 36,136,000 36,369,000 21,369,000 Auto. - Other............................ 26,330,000 25,736,000 12,843,000 Auto - Total ............................ 121,631,000 120,306,000 81,131,000 Credit....................................... 288,000 169,000 –49,000 Legal Expense......................... 595,000 573,000 150,000 Liability.................................... 8,187,000 8,053,000 4,951,000 Other Apprvd. Prod................. 10,000 Surety...................................... 99,000 85,000 Accident & Sickness................ 8,160,000 8,234,000 4,925,000 ——————— ——————— ——————— Total 2011................................ 152,585,000 147,378,000 97,754,000 Total 2010................................ 135,324,000 132,165,000 99,955,000 Total 2009................................ 112,326,000 118,082,000 84,643,000 Total 2008................................ 136,341,000 141,859,000 94,462,000 Total 2007................................ 144,156,000 117,626,000 70,328,000
Claims Ratio
37.40 80.07 66.64 80.62 58.76 49.90 67.44 –28.99 26.18 61.48 0.00 59.81 ————— 66.33 75.63 71.68 66.59 59.79
2011 Direct Premiums Written: +162,754,000 2011 Underwriting Performance Summary
Reinsurance Assumed........................... 3,003,000 Reinsurance Ceded.............................. 13,172,000 Net Premiums Written........................ 152,585,000 Net Premiums Earned........................ 147,378,000 Net Claims & Adj Exp........................... 97,754,000 Commissions........................................ 22,959,000 Taxes...................................................... 5,969,000 General Expenses................................ 18,555,000 Undwrwtg. Profit/Loss........................... 5,208,000 Investment Income................................. 8,839,000
Underwriting Result 2011: 2008:
+$5,208,000 +$827,000
2010: 2007:
Growth: –8.49% %
Growth Rate (NPW)................................... 12.76 % of Market (NPW)..................................... 0.38 Earned Loss Ratio..................................... 66.33 Total Expense Ratio.................................. 32.22 Combined Loss & Exp. Ratio.................... 98.55 Return on Equity......................................... 9.24
–$10,180,000 +$9,394,000
2009:
THE ECONOMICAL INSURANCE GROUP ECONOMICAL MUTUAL INSURANCE COMPANY THE MISSISQUOI INSURANCE COMPANY WATERLOO INSURANCE COMPANY PERTH INSURANCE COMPANY FEDERATION INSURANCE COMPANY OF CANADA Class
Prop. - Personal...................... Prop. - Commercial................. Prop - Total ............................ Auto. - Liability........................ Auto. - Pers. Acc..................... Auto. - Other............................ Auto - Total ............................ Boiler & Machinery.................. Fidelity..................................... Liability.................................... Surety...................................... Marine...................................... Total 2011................................ Total 2010................................ Total 2009................................ Total 2008................................ Total 2007................................
Net Prems Written
316,885,000 279,115,000 596,000,000 383,380,000 209,276,000 294,928,000 887,584,000 –19,000 1,988,000 143,517,000 1,746,000 20,000 ——————— 1,630,836,000 1,626,378,000 1,747,468,000 1,862,711,000 1,832,988,000
80
2012 Stat Issue Cdn Underwriters.indd 80
Net Prems Earned
Net Claims Incurred
313,052,000 192,826,000 272,643,000 220,491,000 585,695,000 413,317,000 380,916,000 341,865,000 213,741,000 54,824,000 289,339,000 177,203,000 883,996,000 573,892,000 –17,000 2,080,000 308,000 142,062,000 81,237,000 1,256,000 –1,738,000 28,000 ——————— ——————— 1,615,100,000 1,067,016,000 1,676,369,000 1,167,893,000 1,813,256,000 1,400,291,000 1,844,800,000 1,501,949,000 1,829,554,000 1,265,570,000
Claims Ratio
61.60 80.87 70.57 89.75 25.65 61.24 64.92 14.81 57.18 –138.38 ————— 66.07 69.67 77.23 81.42 69.17
Karen Gavan, President & Chief Executive Officer 111 Westmount Rd. S. Waterloo ON N2J 4S4 519-570-8200 Fax: 519-570-8389 www.economicalinsurance.com
2011 Direct Premiums Written: +1,710,034,000 2011 Underwriting Performance Summary
Reinsurance Assumed......................... 13,205,000 Reinsurance Ceded.............................. 92,403,000 Net Premiums Written..................... 1,630,836,000 Net Premiums Earned..................... 1,615,100,000 Net Claims & Adj Exp...................... 1,067,016,000 Commissions...................................... 338,156,000 Taxes.................................................... 56,624,000 General Expenses.............................. 181,868,000 Undwrwtg. Profit/Loss......................... –8,142,000 Investment Income............................. 147,276,000
Underwriting Result 2011: 2008:
–$8,142,000 –$210,431,000
–$4,825,000
2010: 2007:
B-C
Growth: 0.35% %
Growth Rate (NPW)..................................... 0.27 % of Market (NPW)..................................... 4.08 Earned Loss Ratio..................................... 66.07 Total Expense Ratio.................................. 35.70 Combined Loss & Exp. Ratio.................. 101.77 Return on Equity......................................... 7.27
–$55,681,000 +$3,368,000
2009:
–$143,857,000
canadianunderwriter.ca CANADIAN UNDERWRITER STATISTICAL ISSUE 2012
12-05-25 9:21 AM
it’s
good to know your business is protected
business insurance www.economicalinsurance.com
2012 Stat Issue Cdn Underwriters.indd 81
12-05-25 9:21 AM
EMPLOYERS INSURANCE COMPANY OF WAUSAU B-US Michael Molony, Chief Agent For Canada 181 Bay St., Suite 1000 Brookfield Place Toronto ON M5J 2T3 416-365-7587 Fax: 416-307-4372
Class
Net Prems Written
Net Prems Earned
Prop. - Commercial................. Prop - Total ............................ 0 0 Auto. - Liability........................ Auto. - Other............................ Auto - Total ............................ 0 0 Boiler & Machinery.................. Liability.................................... ——————— ——————— Total 2011................................ 0 0 Total 2010................................ 0 0 Total 2009................................ 0 0 Total 2008................................ 0 0 Total 2007................................ –5,000 –5,000
Net Claims Incurred
–1,000 –1,000 19,000 5,000 24,000 –3,000 –85,000 ——————— –65,000 –158,000 301,000 93,000 510,000
Claims Ratio
0.00 0.00 0.00 0.00 0.00 —————
–10,200.00
2011 Underwriting Performance Summary
Reinsurance Assumed........................................... Reinsurance Ceded................................................ Net Premiums Written.......................................... 0 Net Premiums Earned.......................................... 0 Net Claims & Adj Exp................................ –65,000 Commissions.......................................................... Taxes............................................................. 1,000 General Expenses....................................... 76,000 Undwrwtg. Profit/Loss.............................. –12,000 Investment Income.................................... 835,000
Underwriting Result 2011: 2008:
–$12,000 –$207,000
2010: 2007:
%
Growth Rate (NPW)..................................... 0.00 % of Market (NPW)..................................... 0.00 Earned Loss Ratio....................................... 0.00 Total Expense Ratio.................................... 0.00 Combined Loss & Exp. Ratio...................... 0.00 Return on Equity......................................... 2.70
+$63,000 –$609,000
2009:
–$384,000
LE GROUPE ESTRIE-RICHELIEU COMPAGNIE Michel Prevost, Président D’ASSURANCE 770 Rue Principale, Granby QC J2G 2Y7
D-C
450-378-0101 Fax: 450-378-5189 www.ger.qc.ca info@ger.qc.ca
Class
Net Prems Written
Prop. - Personal...................... 10,396,000 Prop. - Commercial................. 20,641,000 Prop - Total ............................ 31,037,000 Auto. - Liability........................ 249,000 Auto. - Pers. Acc..................... 11,000 Auto. - Other............................ 470,000 Auto - Total ............................ 730,000 Boiler & Machinery.................. 224,000 Liability.................................... 4,287,000 ——————— Total 2011................................ 36,278,000 Total 2010................................ 35,847,000 Total 2009................................ 32,231,000 Total 2008................................ 31,263,000 Total 2007................................ 30,840,000
Net Prems Earned
Net Claims Incurred
10,064,000 5,516,000 20,649,000 13,593,000 30,713,000 19,109,000 265,000 57,000 11,000 478,000 338,000 754,000 395,000 220,000 18,000 4,249,000 1,937,000 ——————— ——————— 35,936,000 21,459,000 34,364,000 22,684,000 31,610,000 22,851,000 30,733,000 20,332,000 30,294,000 20,909,000
Claims Ratio
54.81 65.83 62.22 21.51 70.71 52.39 8.18 45.59 ————— 59.71 66.01 72.29 66.16 69.02
2011 Direct Premiums Written: +42,277,000 2011 Underwriting Performance Summary
Reinsurance Assumed........................... 5,930,000 Reinsurance Ceded.............................. 11,929,000 Net Premiums Written.......................... 36,278,000 Net Premiums Earned.......................... 35,936,000 Net Claims & Adj Exp........................... 21,459,000 Commissions.......................................... 7,492,000 Taxes...................................................................... General Expenses.................................. 4,278,000 Undwrwtg. Profit/Loss........................... 2,707,000 Investment Income................................. 3,567,000
Underwriting Result 2011: 2008:
+$2,707,000 –$416,000
2010: 2007:
Growth: 3.07% %
Growth Rate (NPW)..................................... 1.20 % of Market (NPW)..................................... 0.09 Earned Loss Ratio..................................... 59.71 Total Expense Ratio.................................... 0.00 Combined Loss & Exp. Ratio...................... 0.00 Return on Equity......................................... 8.71
–$283,000 –$940,000
2009:
–$2,287,000
EULER HERMES AMERICAN CREDIT Yves Gervais, Chef-agent INDEMNITY COMPANY 1155 Blvd. Rene-Levesque West, Suite 2810
D-US
Montréal QC H3B 2L2 514-876-9656, Fax: 514-876-9658 www.eulerhermes.ca yves.gervais@eulerhermes.com
Class
Net Prems Written
Credit....................................... 11,980,000 ——————— Total 2011................................ 11,980,000 Total 2010................................ 11,128,000 Total 2009................................ 16,765,000 Total 2008................................ 21,520,000 Total 2007................................ 21,755,000
Net Prems Earned
11,673,000 ——————— 11,673,000 12,505,000 19,492,000 20,586,000 22,425,000
Net Claims Incurred
5,494,000 ——————— 5,494,000 –248,000 8,263,000 23,172,000 13,715,000
Claims Ratio
47.07 ————— 47.07 –1.98 42.39 112.56 61.16
2011 Direct Premiums Written: +35,402,000 2011 Underwriting Performance Summary
Reinsurance Assumed........................................... Reinsurance Ceded.............................. 23,422,000 Net Premiums Written.......................... 11,980,000 Net Premiums Earned.......................... 11,673,000 Net Claims & Adj Exp............................. 5,494,000 Commissions........................................ –1,690,000 Taxes...................................................... 1,315,000 General Expenses.................................. 8,357,000 Undwrwtg. Profit/Loss............................ –616,000 Investment Income................................. 1,898,000
Underwriting Result 2011: 2008:
82
2012 Stat Issue Cdn Underwriters.indd 82
–$616,000 –$8,085,000
2010: 2007:
Growth: 10.00% %
Growth Rate (NPW)..................................... 7.66 % of Market (NPW)..................................... 0.03 Earned Loss Ratio..................................... 47.07 Total Expense Ratio.................................. 68.38 Combined Loss & Exp. Ratio.................. 115.45 Return on Equity......................................... 2.29
+$6,328,000 +$3,603,000
2009:
+$5,260,000
canadianunderwriter.ca CANADIAN UNDERWRITER STATISTICAL ISSUE 2012
12-05-25 9:21 AM
EVEREST INSURANCE COMPANY OF CANADA/ B-C William G. Jonas, Chief Executive Officer LA COMPAGNIE Mark Teitelbaum, President The Exchange Tower, P.O. Box 431, 130 King St. W., Suite 2520 D’ASSURANCE EVEREST Toronto ON M5X 1E3 416-862-1228, Fax: 416-366-5899 DU CANADA www.everestre.com, pamela.jornacion@everestre.com Class
Net Prems Written
Prop. - Commercial................. 868,000 Prop - Total ............................ 868,000 Liability.................................... 3,867,000 Accident & Sickness................ 82,000 ——————— Total 2011................................ 4,817,000 Total 2010................................ 0 Total 2009................................ 0 Total 2008................................ 0 Total 2007................................ 0
Net Prems Earned
457,000 457,000 1,617,000 60,000 ——————— 2,134,000 0 0 0 0
Net Claims Incurred
315,000 315,000 1,263,000 44,000 ——————— 1,622,000 0 48,000 4,000 –131,000
Claims Ratio
68.93 68.93 78.11 73.33 ————— 76.01
2011 Direct Premiums Written: +20,283,000 2011 Underwriting Performance Summary
Reinsurance Assumed........................................... Reinsurance Ceded.............................. 15,466,000 Net Premiums Written............................ 4,817,000 Net Premiums Earned............................ 2,134,000 Net Claims & Adj Exp............................. 1,622,000 Commissions............................................. 779,000 Taxes......................................................... 330,000 General Expenses.................................. 1,541,000 Undwrwtg. Profit/Loss......................... –1,961,000 Investment Income................................. 1,043,000
Underwriting Result 2011: 2008:
–$1,961,000 –$135,000
2010: 2007:
Growth: 0.00% %
Growth Rate (NPW)..................................... 0.00 % of Market (NPW)..................................... 0.01 Earned Loss Ratio..................................... 76.01 Total Expense Ratio................................ 124.18 Combined Loss & Exp. Ratio.................. 200.19 Return on Equity....................................... –2.05
–$115,000 +$11,000
2009:
FACTORY MUTUAL INSURANCE COMPANY
Kenneth V Lavigne, Chief Agent 165 Commerce Valley Dr. W., Suite 500 Thornhill ON L3T 7V8 905-763-5555 Fax: 905-763-5556 fmglobal.com
Class
Net Prems Written
Prop. - Commercial................. 188,698,000 Prop - Total ............................ 188,698,000 Boiler & Machinery.................. 50,392,000 ——————— Total 2011................................ 239,090,000 Total 2010................................ 249,786,000 Total 2009................................ 218,564,000 Total 2008................................ 200,944,000 Total 2007................................ 202,867,000
Net Prems Earned
187,783,000 187,783,000 50,294,000 ——————— 238,077,000 242,663,000 215,209,000 202,709,000 213,626,000
Net Claims Incurred
128,713,000 128,713,000 67,210,000 ——————— 195,923,000 146,821,000 12,743,000 240,809,000 82,383,000
Claims Ratio
68.54 68.54 133.63 ————— 82.29 60.50 5.92 118.80 38.56
2011 Direct Premiums Written: +264,193,000 2011 Underwriting Performance Summary
Reinsurance Assumed........................... 8,754,000 Reinsurance Ceded.............................. 90,745,000 Net Premiums Written........................ 239,090,000 Net Premiums Earned........................ 238,077,000 Net Claims & Adj Exp......................... 195,923,000 Commissions........................................ –9,914,000 Taxes.................................................... 12,398,000 General Expenses................................ 43,894,000 Undwrwtg. Profit/Loss......................... –4,224,000 Investment Income............................... 28,870,000
Underwriting Result 2011: 2008:
–$4,224,000 –$79,777,000
FCT
Class
Net Prems Written
Mortgage................................. 42,022,000 Title.......................................... 127,123,000 ——————— Total 2011................................ 169,145,000 Total 2010................................ 132,734,000 Total 2009................................ 114,833,000 Total 2008................................ 126,367,000 Total 2007................................ 148,035,000
Net Prems Earned
42,022,000 127,123,000 ——————— 169,145,000 132,734,000 114,833,000 126,367,000 148,035,000
Net Claims Incurred
33,114,000 27,580,000 ——————— 60,694,000 33,238,000 25,961,000 38,274,000 38,052,000
Claims Ratio
78.80 21.70 ————— 35.88 25.04 22.61 30.29 25.70
2011: 2008:
2012 Stat Issue Cdn Underwriters.indd 83
%
Growth Rate (NPW)................................... –4.28 % of Market (NPW)..................................... 0.60 Earned Loss Ratio..................................... 82.29 Total Expense Ratio.................................. 19.48 Combined Loss & Exp. Ratio.................. 101.77 Return on Equity......................................... 6.34
+$46,224,000 +$92,680,000
2009:
+$31,649,000 +$15,611,000
2010: 2007:
+$157,957,000
B-C
2011 Direct Premiums Written: +169,288,000 2011 Underwriting Performance Summary
Reinsurance Assumed........................... 3,248,000 Reinsurance Ceded................................ 3,391,000 Net Premiums Written........................ 169,145,000 Net Premiums Earned........................ 169,145,000 Net Claims & Adj Exp........................... 60,694,000 Commissions............................................. 260,000 Taxes...................................................... 5,494,000 General Expenses................................ 71,048,000 Undwrwtg. Profit/Loss......................... 31,649,000 Investment Income................................. 5,613,000
D-US
Growth: 7.81%
2235 Sheridan Garden Dr. Oakville ON L6J 7Y5 905-287-1000 Fax: 905-287-2400 www.firstcanadiantitle.com
Underwriting Result
CANADIAN UNDERWRITER STATISTICAL ISSUE 2012
2010: 2007:
–$171,000
Growth: 27.54% %
Growth Rate (NPW)................................... 27.43 % of Market (NPW)..................................... 0.42 Earned Loss Ratio..................................... 35.88 Total Expense Ratio.................................. 45.41 Combined Loss & Exp. Ratio.................... 81.29 Return on Equity....................................... 16.50
+$24,408,000 +$32,888,000
2009:
+$22,336,000
83
12-05-25 9:21 AM
FEDERAL INSURANCE COMPANY
Ellen J. Moore, Chief Agent In Canada 1 Adelaide St. E. 16th Floor Toronto ON M5C 2V9 416-863-0550 Fax: 416-863-3144
Class
Net Prems Written
Prop. - Personal...................... –15,000 Prop. - Commercial................. 2,549,000 Prop - Total ............................ 2,534,000 Auto. - Liability........................ 688,000 Auto. - Pers. Acc..................... 76,000 Auto. - Other............................ 175,000 Auto - Total ............................ 939,000 Boiler & Machinery.................. 333,000 Fidelity..................................... 239,000 Liability.................................... 7,042,000 Surety...................................... 2,880,000 Marine...................................... –8,000 Accident & Sickness................ 67,000 ——————— Total 2011................................ 14,026,000
Net Prems Earned
Net Claims Incurred
–15,000 56,000 2,860,000 –1,467,000 2,845,000 –1,411,000 735,000 179,000 71,000 211,000 103,000 1,017,000 282,000 335,000 –132,000 225,000 123,000 6,621,000 7,688,000 3,248,000 –174,000 –1,000 1,000 46,000 18,000 ——————— ——————— 14,336,000 6,395,000
Claims Ratio
–373.33 –51.29 –49.60 24.35 48.82 27.73 –39.40 54.67 116.12 –5.36 –100.00 39.13 ————— 44.61
2011 Direct Premiums Written: +1,675,000 2011 Underwriting Performance Summary
Reinsurance Assumed.............................. –40,000 Reinsurance Ceded................................ 7,130,000 Net Premiums Written.......................... 14,026,000 Net Premiums Earned.......................... 14,336,000 Net Claims & Adj Exp............................. 6,395,000 Commissions.......................................... 1,307,000 Taxes......................................................... 212,000 General Expenses.................................. 6,156,000 Undwrwtg. Profit/Loss.............................. 266,000 Investment Income................................. 2,955,000
B-US
Growth: 0.00% %
Growth Rate (NPW)..................................... 0.00 % of Market (NPW)..................................... 0.04 Earned Loss Ratio..................................... 44.61 Total Expense Ratio.................................. 53.54 Combined Loss & Exp. Ratio.................... 98.15 Return on Equity......................................... 1.96
Underwriting Result 2011:
+$266,000
FUNDY MUTUAL INSURANCE COMPANY
D-C
Jim Wilson, President 1022 Main St Sussex NB E2E 2M3 506-432-1535 Fax: 506-433-6788 www.fundymutual.com
Class
Net Prems Written
Prop. - Personal...................... 2,242,000 Prop - Total ............................ 2,242,000 Liability.................................... 64,000 ——————— Total 2011................................ 2,306,000 Total 2010................................ 2,167,000
Net Prems Earned
2,194,000 2,194,000 55,000 ——————— 2,249,000 2,108,000
Net Claims Incurred
1,130,000 1,130,000 11,000 ——————— 1,141,000 661,000
Claims Ratio
51.50 51.50 20.00 ————— 50.73 31.36
2011 Direct Premiums Written: +3,266,000 2011 Underwriting Performance Summary
Reinsurance Assumed........................................... Reinsurance Ceded................................... 960,000 Net Premiums Written............................ 2,306,000 Net Premiums Earned............................ 2,249,000 Net Claims & Adj Exp............................. 1,141,000 Commissions............................................. 727,000 Taxes......................................................... 118,000 General Expenses.................................. 1,123,000 Undwrwtg. Profit/Loss.............................-702,000 Investment Income.................................... 101,000
Underwriting Result 2011:
–$702,000
Growth: 4.85% %
Growth Rate (NPW)..................................... 6.41 % of Market (NPW)..................................... 0.01 Earned Loss Ratio..................................... 50.73 Total Expense Ratio.................................... 0.00 Combined Loss & Exp. Ratio...................... 0.00 Return on Equity........................................-2.59
2010:
-355,000
GORE MUTUAL INSURANCE COMPANY
Kevin W. McNeil, President & Chief Executive Officer 252 Dundas St. N., P.O. Box 70 Cambridge ON N1R 5T3 519-623-1910 Fax: 800-601-9773 www.goremutual.ca
Class
Net Prems Written
Net Prems Earned
Net Claims Incurred
Prop. - Personal...................... 84,548,000 83,021,000 44,089,000 Prop. - Commercial................. 29,111,000 29,318,000 17,222,000 Prop - Total ............................ 113,659,000 112,339,000 61,311,000 Auto. - Liability........................ 77,805,000 72,769,000 53,145,000 Auto. - Pers. Acc..................... 44,809,000 46,380,000 34,667,000 Auto. - Other............................ 39,768,000 37,482,000 22,157,000 Auto - Total ............................ 162,382,000 156,631,000 109,969,000 Boiler & Machinery.................. 21,000 Liability.................................... 20,056,000 20,372,000 21,875,000 Surety...................................... 1,000 1,000 Accident & Sickness................ 44,000 46,000 ——————— ——————— ——————— Total 2011................................ 296,142,000 289,389,000 193,176,000 Total 2010................................ 280,858,000 261,506,000 178,601,000 Total 2009................................ 242,928,000 223,738,000 148,977,000 Total 2008................................ 208,477,000 193,764,000 131,239,000 Total 2007................................ 185,560,000 179,559,000 109,299,000
84
2012 Stat Issue Cdn Underwriters.indd 84
Claims Ratio
53.11 58.74 54.58 73.03 74.75 59.11 70.21 0.00 107.38 ————— 66.75 68.30 66.59 67.73 60.87
2011 Direct Premiums Written: +319,670,000 2011 Underwriting Performance Summary
Reinsurance Assumed........................................... Reinsurance Ceded.............................. 22,928,000 Net Premiums Written........................ 296,142,000 Net Premiums Earned........................ 289,389,000 Net Claims & Adj Exp......................... 193,176,000 Commissions........................................ 56,589,000 Taxes.................................................... 10,597,000 General Expenses................................ 30,196,000 Undwrwtg. Profit/Loss........................... 3,028,000 Investment Income............................... 14,800,000
Underwriting Result 2011: 2008:
+$3,028,000 –$2,461,000
2010: 2007:
B-C
Growth: 5.22% %
Growth Rate (NPW)..................................... 5.44 % of Market (NPW)..................................... 0.74 Earned Loss Ratio..................................... 66.75 Total Expense Ratio.................................. 33.65 Combined Loss & Exp. Ratio.................. 100.40 Return on Equity......................................... 8.13
–$1,892,000 +$6,954,000
2009:
+$1,525,000
canadianunderwriter.ca CANADIAN UNDERWRITER STATISTICAL ISSUE 2012
12-05-25 9:21 AM
GRAIN INSURANCE AND GUARANTEE COMPANY
D Levy, President & General Manager 1240 One Lombard Place, Winnipeg MB R3B 0V9 204-943-0721 Fax: 204-943-6419 www.graininsurance.com fewilliams@graininsurance.com
Class
Net Prems Written
Prop. - Personal...................... 8,330,000 Prop. - Commercial................. 26,079,000 Prop - Total ............................ 34,409,000 Boiler & Machinery.................. 985,000 Fidelity..................................... 30,000 Liability.................................... 10,284,000 Surety...................................... 155,000 ——————— Total 2011................................ 45,863,000 Total 2010................................ 42,427,000 Total 2009................................ 41,504,000 Total 2008................................ 39,902,000 Total 2007................................ 37,795,000
Net Prems Earned
8,258,000 24,834,000 33,092,000 972,000 30,000 9,917,000 156,000 ——————— 44,167,000 41,859,000 40,082,000 39,651,000 36,917,000
Net Claims Incurred
4,995,000 15,691,000 20,686,000 54,000 –22,000 1,161,000 16,000 ——————— 21,895,000 19,932,000 15,557,000 18,653,000 16,400,000
Claims Ratio
60.49 63.18 62.51 5.56 –73.33 11.71 10.26 ————— 49.57 47.62 38.81 47.04 44.42
2011 Direct Premiums Written: +58,160,000 2011 Underwriting Performance Summary
Reinsurance Assumed........................................... Reinsurance Ceded.............................. 12,297,000 Net Premiums Written.......................... 45,863,000 Net Premiums Earned.......................... 44,167,000 Net Claims & Adj Exp........................... 21,895,000 Commissions.......................................... 9,652,000 Taxes...................................................... 2,255,000 General Expenses.................................. 7,968,000 Undwrwtg. Profit/Loss........................... 2,397,000 Investment Income................................. 3,636,000
Underwriting Result 2011: 2008:
+$2,397,000 +$4,072,000
2010: 2007:
Growth: 7.89% %
Growth Rate (NPW)..................................... 8.10 % of Market (NPW)..................................... 0.11 Earned Loss Ratio..................................... 49.57 Total Expense Ratio.................................. 45.00 Combined Loss & Exp. Ratio.................... 94.57 Return on Equity....................................... 14.22
+$3,139,000 +$4,181,000
2009:
GREAT AMERICAN INSURANCE COMPANY
Net Prems Written
Prop. - Commercial................. 17,856,000 Prop - Total ............................ 17,856,000 Auto. - Liability........................ 613,000 Auto. - Other............................ 192,000 Auto - Total ............................ 805,000 Fidelity..................................... 1,652,000 Liability.................................... 22,058,000 Other Apprvd. Prod................. 8,000 Surety...................................... 49,000 Marine...................................... 4,382,000 ——————— Total 2011................................ 46,810,000 Total 2010................................ 20,073,000 Total 2009................................ 33,610,000 Total 2008................................ 43,877,000
Net Prems Earned
Net Claims Incurred
16,870,000 7,075,000 16,870,000 7,075,000 309,000 19,000 328,000 0 1,381,000 308,000 22,279,000 27,683,000 4,000 1,000 75,000 16,000 4,061,000 2,064,000 ——————— ——————— 44,998,000 37,147,000 45,839,000 34,005,000 47,098,000 25,608,000 44,746,000 26,947,000
Claims Ratio
41.94 41.94 0.00 22.30 124.26 25.00 21.33 50.82 ————— 82.55 74.18 54.37 60.22
2011 Direct Premiums Written: +58,273,000 2011 Underwriting Performance Summary
Reinsurance Assumed.............................. 429,000 Reinsurance Ceded.............................. 11,892,000 Net Premiums Written.......................... 46,810,000 Net Premiums Earned.......................... 44,998,000 Net Claims & Adj Exp........................... 37,147,000 Commissions.......................................... 6,447,000 Taxes...................................................... 3,392,000 General Expenses.................................. 8,323,000 Undwrwtg. Profit/Loss....................... –10,311,000 Investment Income................................. 5,923,000
Underwriting Result 2011: 2008:
–$10,311,000 –$10,319,000
2010:
Growth: 1.29% %
Growth Rate (NPW)................................. 133.20 % of Market (NPW)..................................... 0.12 Earned Loss Ratio..................................... 82.55 Total Expense Ratio.................................. 40.36 Combined Loss & Exp. Ratio.................. 122.91 Return on Equity....................................... –2.33
+$42,206,000
2009:
HANOVER INSURANCE COMPANY
Net Prems Written
Liability.................................... –400,000 ——————— Total 2011................................ –400,000 Total 2010................................ 0 Total 2009................................ 0 Total 2008................................ 0 Total 2007................................ 0
Net Prems Earned
Net Claims Incurred
–400,000 ——————— ——————— –400,000 0 0 –2,000 0 0 0 1,000 0 0
Claims Ratio
————— 0.00
2011 Underwriting Performance Summary
Reinsurance Assumed........................................... Reinsurance Ceded................................... 400,000 Net Premiums Written............................. –400,000 Net Premiums Earned............................. –400,000 Net Claims & Adj Exp........................................... 0 Commissions.......................................................... Taxes...................................................................... General Expenses....................................... 99,000 Undwrwtg. Profit/Loss............................ –499,000 Investment Income...................................... 23,000
Underwriting Result 2011: 2008:
CANADIAN UNDERWRITER STATISTICAL ISSUE 2012
2012 Stat Issue Cdn Underwriters.indd 85
–$499,000 –$91,000
2010: 2007:
–$17,166,000
B-US
Philip Cook, Chief Agent 500 - 36 King St. E. Toronto ON M5C 1E5 416-361-1728 Fax: 416-361-6113
Class
+$6,590,000
B-F
2100-40 King St W Toronto ON M5H 3C2 416-369-5300 Fax: 416-360-8877
Class
B-C
%
Growth Rate (NPW)..................................... 0.00 % of Market (NPW)..................................... 0.00 Earned Loss Ratio....................................... 0.00 Total Expense Ratio.................................... 0.00 Combined Loss & Exp. Ratio...................... 0.00 Return on Equity....................................... 18.75
–$93,000 –$84,000
2009:
–$91,000
85
12-05-25 9:21 AM
THE GUARANTEE COMPANY OF NORTH AMERICA B-C Jules R Quenneville, Chief Executive Officer Robert A Dempsey, President & COO 4950 Yonge St., Suite 1400, Madison Centre North York ON M2N 6K1 416-223-9580, Fax: 416-223-6577 www.gcna.com, jquenneville@gcna.com
Class
Net Prems Written
Prop. - Personal...................... 71,878,000 Prop. - Commercial................. 4,813,000 Prop - Total ............................ 76,691,000 Auto. - Liability........................ 35,373,000 Auto. - Pers. Acc..................... 25,489,000 Auto. - Other............................ 21,302,000 Auto - Total ............................ 82,164,000 Credit....................................... 1,310,000 Fidelity..................................... 14,356,000 Liability.................................... 26,121,000 Surety...................................... 73,015,000 Accident & Sickness................ 154,000 ——————— Total 2011................................ 273,811,000 Total 2010................................ 266,641,000 Total 2009................................ 259,189,000 Total 2008................................ 250,350,000 Total 2007................................ 246,959,000
Net Prems Earned
70,587,000 5,026,000 75,613,000 35,446,000 25,153,000 21,823,000 82,422,000 1,061,000 14,786,000 28,138,000 72,014,000 183,000 ——————— 274,217,000 263,882,000 251,466,000 246,625,000 251,828,000
Net Claims Incurred
42,279,000 2,730,000 45,009,000 24,866,000 15,839,000 15,177,000 55,882,000 452,000 4,136,000 56,385,000 12,605,000 21,000 ——————— 174,490,000 176,952,000 195,086,000 147,033,000 138,909,000
Claims Ratio
59.90 54.32 59.53 70.15 62.97 69.55 67.80 42.60 27.97 200.39 17.50 11.48 ————— 63.63 67.06 77.58 59.62 55.16
2011 Direct Premiums Written: +330,482,000 2011 Underwriting Performance Summary
Reinsurance Assumed........................... 3,503,000 Reinsurance Ceded.............................. 89,880,000 Net Premiums Written........................ 273,811,000 Net Premiums Earned........................ 274,217,000 Net Claims & Adj Exp......................... 174,490,000 Commissions........................................ 61,379,000 Taxes...................................................... 8,905,000 General Expenses................................ 45,428,000 Undwrwtg. Profit/Loss....................... –15,985,000 Investment Income............................... 58,206,000
Underwriting Result 2011: 2008:
–$15,985,000 +$8,831,000
2010: 2007:
Growth: 2.09% %
Growth Rate (NPW)..................................... 2.69 % of Market (NPW)..................................... 0.68 Earned Loss Ratio..................................... 63.63 Total Expense Ratio.................................. 42.20 Combined Loss & Exp. Ratio.................. 105.83 Return on Equity......................................... 8.23
–$10,829,000 +$27,831,000
2009:
HARTFORD FIRE INSURANCE COMPANY
Illona V. Kirsh, Chief Agent In Canada 121 King St. West Suite 1010 PO Box 112 Toronto ON M5H 3T9
Class
Net Prems Written
Net Prems Earned
Net Claims Incurred
Prop. - Personal...................... 49,000 Prop. - Commercial................. 7,383,000 7,557,000 4,379,000 Prop - Total ............................ 7,383,000 7,557,000 4,428,000 Aircraft..................................... –75,000 Auto. - Liability........................ 591,000 585,000 1,328,000 Auto. - Pers. Acc..................... –3,000 2,000 –51,000 Auto. - Other............................ 236,000 248,000 174,000 Auto - Total ............................ 824,000 835,000 1,451,000 Boiler & Machinery.................. –1,000 –1,000 Fidelity..................................... 15,000 15,000 –3,000 Liability.................................... 4,175,000 4,275,000 –166,000 Surety...................................... 272,000 213,000 17,000 Marine...................................... –27,000 ——————— ——————— ——————— Total 2011................................ 12,668,000 12,894,000 5,625,000 Total 2010................................ 12,935,000 12,877,000 5,163,000 Total 2009................................ 13,644,000 14,405,000 7,861,000 Total 2008................................ 16,526,000 16,351,000 17,718,000 Total 2007................................ 17,707,000 18,435,000 7,200,000
Claims Ratio
0.00 57.95 58.59 0.00 227.01 –2,550.00 70.16 173.77 –20.00 –3.88 7.98 0.00 ————— 43.62 40.09 54.57 108.36 39.06
2011 Direct Premiums Written: +15,284,000 2011 Underwriting Performance Summary
Reinsurance Assumed.............................. –11,000 Reinsurance Ceded................................ 2,605,000 Net Premiums Written.......................... 12,503,000 Net Premiums Earned.......................... 12,894,000 Net Claims & Adj Exp............................. 5,625,000 Commissions............................................. 430,000 Taxes......................................................... 516,000 General Expenses.................................. 2,589,000 Undwrwtg. Profit/Loss........................... 3,734,000 Investment Income................................. 5,726,000
Underwriting Result 2011: 2008:
+$3,734,000 –$5,160,000
ICAROM PLC
Class
Net Prems Written
Net Prems Earned
Liability.................................... ——————— ——————— Total 2011................................ 0 0 Total 2010................................ 0 0 Total 2009................................ 0 0 Total 2008................................ 0 0 Total 2007................................ 0 0
Net Claims Incurred
–43,000 ——————— –43,000 26,000 12,000 33,000 0
Claims Ratio
0.00 —————
2011: 2008:
2012 Stat Issue Cdn Underwriters.indd 86
%
Growth Rate (NPW)................................... –3.34 % of Market (NPW)..................................... 0.03 Earned Loss Ratio..................................... 43.62 Total Expense Ratio.................................. 27.42 Combined Loss & Exp. Ratio.................... 71.04 Return on Equity......................................... 5.60
+$4,635,000 +$8,236,000
2009:
–$55,000 –$122,000
2010: 2007:
+$2,978,000
B-US
2011 Underwriting Performance Summary
Reinsurance Assumed........................................... Reinsurance Ceded................................................ Net Premiums Written.......................................... 0 Net Premiums Earned.......................................... 0 Net Claims & Adj Exp................................ –43,000 Commissions.......................................................... Taxes...................................................................... General Expenses....................................... 98,000 Undwrwtg. Profit/Loss.............................. –55,000 Investment Income...................................... 29,000
B-US
Growth: –3.24%
Philip Cook, Chief Agent 500 - 36 King St. E. Toronto ON M5C 1E5 416-361-1728 Fax: 416-361-6113
Underwriting Result
86
2010: 2007:
–$36,469,000
%
Growth Rate (NPW)..................................... 0.00 % of Market (NPW)..................................... 0.00 Earned Loss Ratio....................................... 0.00 Total Expense Ratio.................................... 0.00 Combined Loss & Exp. Ratio...................... 0.00 Return on Equity......................................... 0.04
–$117,000 –$88,000
2009:
–$103,000
canadianunderwriter.ca CANADIAN UNDERWRITER STATISTICAL ISSUE 2012
12-05-25 9:21 AM
SHOWING YOU THE WAY FROM COAST TO COAST
Canada’s Leading “SPECIALTY”Insurer PRODUCTS WE OFFER: SURETY • Contract Surety • Commercial Surety • Developer Surety CORPORATE INSURANCE • Crime – 3D / Financial Institution Bonds • Credit Insurance • Directors’ and Officers’ Liability PERSONAL INSURANCE • Guarantee GOLD® (High Value Home and Automobile Protection) • Guarantee SUPERIOR (Ontario only)
THE GUARANTEE COMPANY OF NORTH AMERICA
2012 Stat Issue Cdn Underwriters.indd 87
gcna.com
12-05-25 9:21 AM
INDUSTRIELLE ALLIANCE COMPAGNIE D-C Michel Laurin, President et chef de l’exploitation D’ASSURANCES GENERALES 925 Chemin St.-Louis, Suite 230, Quebec QC G1S 1C1 418-650-4601 Fax: 418-650-4637 www.inalco.com serviceclient@iaah.ca
Class
Net Prems Written
Prop. - Personal...................... 64,025,000 Prop - Total ............................ 64,025,000 Auto. - Liability........................ 43,577,000 Auto. - Pers. Acc..................... 1,443,000 Auto. - Other............................ 109,492,000 Auto - Total ............................ 154,512,000 Liability.................................... –10,000 ——————— Total 2011................................ 218,527,000 Total 2010................................ 151,461,000 Total 2009................................ 128,683,000 Total 2008................................ 116,894,000 Total 2007................................ 110,094,000
Net Prems Earned
58,650,000 58,650,000 39,575,000 1,377,000 81,596,000 122,548,000 648,000 ——————— 181,846,000 138,162,000 122,513,000 113,933,000 106,641,000
Net Claims Incurred
37,938,000 37,938,000 21,949,000 251,000 44,683,000 66,883,000 461,000 ——————— 105,282,000 88,996,000 83,228,000 83,243,000 71,780,000
Claims Ratio
64.69 64.69 55.46 18.23 54.76 54.58 71.14 ————— 57.90 64.41 67.93 73.06 67.31
2011 Direct Premiums Written: +221,944,000 2011 Underwriting Performance Summary
Reinsurance Assumed........................................... Reinsurance Ceded................................ 3,417,000 Net Premiums Written........................ 218,527,000 Net Premiums Earned........................ 181,846,000 Net Claims & Adj Exp......................... 105,282,000 Commissions.......................................... 7,805,000 Taxes...................................................... 5,868,000 General Expenses................................ 35,114,000 Undwrwtg. Profit/Loss........................... 4,362,000 Investment Income................................. 3,357,000
Underwriting Result 2011: 2008:
+$4,362,000 +$1,447,000
2010: 2007:
Growth: 43.16% %
Growth Rate (NPW)................................... 44.28 % of Market (NPW)..................................... 0.55 Earned Loss Ratio..................................... 57.90 Total Expense Ratio.................................. 26.83 Combined Loss & Exp. Ratio.................... 84.73 Return on Equity....................................... 15.03
+$12,081,000 +$6,076,000
2009:
INTACT FINANCIAL CORPORATION
Charles Brindamour, President & C.E.O. 700 University Ave., 15th Floor Toronto ON M5G 0A1 416-341-1464 Fax: 416-941-5320 www.intactfc.com
INTACT INSURANCE NOVEX NORDIC BELAIRDIRECT TRAFALGAR Class
Prop. - Personal...................... Prop. - Commercial................. Prop - Total ............................ Auto. - Liability........................ Auto. - Pers. Acc..................... Auto. - Other............................ Auto - Total ............................ Boiler & Machinery.................. Fidelity..................................... Legal Expense......................... Liability.................................... Surety...................................... Marine...................................... Accident & Sickness................ Total 2011................................ Total 2010................................ Total 2009................................ Total 2008................................ Total 2007................................
Net Prems Written
1,057,189,000 492,216,000 1,549,405,000 1,269,260,000 466,673,000 855,908,000 2,591,841,000 151,000 6,000 3,881,000 176,706,000 17,372,000 1,274,000 –22,000 ——————— 4,340,614,000 4,352,337,000 4,151,289,000 4,072,139,000 4,002,449,000
Net Prems Earned
Net Claims Incurred
1,027,751,000 717,889,000 476,635,000 300,030,000 1,504,386,000 1,017,919,000 1,239,174,000 846,362,000 466,680,000 341,687,000 853,185,000 535,133,000 2,559,039,000 1,723,182,000 42,000 651,000 7,000 3,580,000 2,977,000 244,823,000 134,432,000 18,768,000 –753,000 1,218,000 887,000 2,275,000 1,393,000 ——————— ——————— 4,334,138,000 2,880,688,000 4,231,326,000 2,802,014,000 4,055,375,000 2,877,237,000 4,039,436,000 2,806,289,000 3,932,015,000 2,584,248,000
Claims Ratio
69.85 62.95 67.66 68.30 73.22 62.72 67.34 1,550.00 83.16 54.91 –4.01 72.82 61.23 ————— 66.47 66.22 70.95 69.47 65.72
2011 Direct Premiums Written: +4,614,070,000 2011 Underwriting Performance Summary
Reinsurance Assumed........................................... Reinsurance Ceded............................ 273,456,000 Net Premiums Written..................... 4,340,614,000 Net Premiums Earned..................... 4,334,138,000 Net Claims & Adj Exp...................... 2,880,688,000 Commissions...................................... 709,952,000 Taxes.................................................. 152,336,000 General Expenses.............................. 467,035,000 Undwrwtg. Profit/Loss....................... 124,127,000 Investment Income............................. 491,511,000
Underwriting Result 2011: 2008:
+$124,127,000 +$66,974,000
2010: 2007:
%
Growth Rate (NPW)................................... –0.27 % of Market (NPW)................................... 10.85 Earned Loss Ratio..................................... 66.47 Total Expense Ratio.................................. 30.67 Combined Loss & Exp. Ratio.................... 97.14 Return on Equity....................................... 14.00
+$157,397,000 +$208,854,000
2009:
Net Prems Written
88
2012 Stat Issue Cdn Underwriters.indd 88
Net Prems Earned
2,631,000 19,346,000 21,977,000 110,237,000 89,573,000 74,924,000 274,734,000 6,942,000 22,456,000 ——————— 326,109,000 306,919,000 213,946,000 203,920,000 196,155,000
Net Claims Incurred
2,674,000 13,414,000 16,088,000 80,214,000 72,649,000 38,133,000 190,996,000 3,723,000 7,133,000 ——————— 217,940,000 213,439,000 175,340,000 143,886,000 111,541,000
Claims Ratio
101.63 69.34 73.20 72.77 81.11 50.90 69.52 53.63 31.76 ————— 66.83 69.54 81.96 70.56 56.86
2011 Direct Premiums Written: +349,953,000 2011 Underwriting Performance Summary
Reinsurance Assumed........................................... Reinsurance Ceded.............................. 16,592,000 Net Premiums Written........................ 333,361,000 Net Premiums Earned........................ 326,109,000 Net Claims & Adj Exp......................... 217,940,000 Commissions........................................ 48,100,000 Taxes.................................................... 10,023,000 General Expenses................................ 35,416,000 Undwrwtg. Profit/Loss......................... 14,630,000 Investment Income............................... 40,107,000
Underwriting Result 2011: 2008:
+$14,630,000 –$5,161,000
2010: 2007:
+$12,350,000
B-C
5250 Boul Decarie, Suite 100 Montreal QC H3X 2H9 514-284-9350 Fax: 514-289-9257 www.jevco.ca
Prop. - Personal...................... 3,293,000 Prop. - Commercial................. 19,524,000 Prop - Total ............................ 22,817,000 Auto. - Liability........................ 119,228,000 Auto. - Pers. Acc..................... 84,225,000 Auto. - Other............................ 76,657,000 Auto - Total ............................ 280,110,000 Liability.................................... 7,762,000 Surety...................................... 22,672,000 ——————— Total 2011................................ 333,361,000 Total 2010................................ 311,924,000 Total 2009................................ 171,767,000 Total 2008................................ 203,979,000 Total 2007................................ 205,771,000
B-F
Growth: 3.11%
JEVCO INSURANCE COMPANY
Class
+$8,489,000
Growth: 4.57% %
Growth Rate (NPW)..................................... 6.87 % of Market (NPW)..................................... 0.83 Earned Loss Ratio..................................... 66.83 Total Expense Ratio.................................. 28.68 Combined Loss & Exp. Ratio.................... 95.51 Return on Equity....................................... 10.17
+$5,046,000 +$15,789,000
2009:
–$37,865,000
canadianunderwriter.ca CANADIAN UNDERWRITER STATISTICAL ISSUE 2012
12-05-25 9:21 AM
THE KINGS MUTUAL INSURANCE COMPANY
B-C
Daniel R. Lister, CA, President & Chief Executive Officer P.O. Box 10, Berwick NS B0P 1E0 902-538-3187 Fax: 902-538-7271 www.kingsmutual.ns.ca dlister@kingsmutual.ns.ca
Class
Net Prems Written
Prop. - Personal...................... 5,299,000 Prop. - Commercial................. 150,000 Prop - Total ............................ 5,449,000 Liability.................................... 922,000 ——————— Total 2011................................ 6,371,000 Total 2010................................ 6,087,000 Total 2009................................ 5,897,000 Total 2008................................ 5,523,000 Total 2007................................ 5,289,000
Net Prems Earned
5,156,000 142,000 5,298,000 871,000 ——————— 6,169,000 5,891,000 5,799,000 5,405,000 5,161,000
Net Claims Incurred
940,000 264,000 1,204,000 291,000 ——————— 1,495,000 3,643,000 2,405,000 3,448,000 2,614,000
Claims Ratio
18.23 185.92 22.73 33.41 ————— 24.23 61.84 41.47 63.79 50.65
2011 Direct Premiums Written: +7,285,000 2011 Underwriting Performance Summary
Reinsurance Assumed................................ 15,000 Reinsurance Ceded................................... 930,000 Net Premiums Written............................ 6,371,000 Net Premiums Earned............................ 6,169,000 Net Claims & Adj Exp............................. 1,495,000 Commissions.......................................... 1,262,000 Taxes......................................................... 233,000 General Expenses.................................. 2,496,000 Undwrwtg. Profit/Loss............................ –369,000 Investment Income................................. 1,892,000
Underwriting Result 2011: 2008:
–$369,000 –$1,822,000
2010: 2007:
Growth: 5.96% %
Growth Rate (NPW)..................................... 4.67 % of Market (NPW)..................................... 0.02 Earned Loss Ratio..................................... 24.23 Total Expense Ratio.................................. 64.69 Combined Loss & Exp. Ratio.................... 88.92 Return on Equity......................................... 4.78
–$1,410,000 –$1,854,000
2009:
–$614,000
LAWYERS’ PROFESSIONAL INDEMNITY COMPANY D-C Frank Grosso, Contact 3101-250 Yonge St Toronto ON M5B 2L7 416-598-5832
Class
Net Prems Written
Liability.................................... 103,718,000 Title.......................................... 6,066,000 ——————— Total 2011................................ 109,784,000
Net Prems Earned
103,625,000 6,066,000 ——————— 109,691,000
Net Claims Incurred
97,465,000 3,524,000 ——————— 100,989,000
Claims Ratio
94.06 58.09 ————— 92.07
2011 Direct Premiums Written: +115,729,000 2011 Underwriting Performance Summary
Reinsurance Assumed........................................... Reinsurance Ceded................................ 5,945,000 Net Premiums Written........................ 109,784,000 Net Premiums Earned........................ 109,691,000 Net Claims & Adj Exp......................... 100,989,000 Commissions........................................ –2,449,000 Taxes...................................................... 3,473,000 General Expenses................................ 17,461,000 Undwrwtg. Profit/Loss......................... –9,783,000 Investment Income............................... 21,899,000
Growth: 0.00% %
Growth Rate (NPW)..................................... 0.00 % of Market (NPW)..................................... 0.28 Earned Loss Ratio..................................... 92.07 Total Expense Ratio.................................. 16.85 Combined Loss & Exp. Ratio.................. 108.92 Return on Equity......................................... 5.32
Underwriting Result 2011:
–$9,783,000
LEGACY GENERAL INSURANCE COMPANY
Isaac Sananes, B.A., A.L.H.C., President & C.E.O. 80 Tiverton Court, 5th Floor Markham ON L3R 0G4 905-948-2103 Fax: 905-479-3224
Net Prems
Prop. - Personal...................... 357,000 Prop - Total ............................ 357,000 Credit Protection..................... –357,000 Accident & Sickness................ 13,893,000 ——————— Total 2011................................ 13,893,000 Total 2010................................ 29,288,000 Total 2009................................ 33,769,000 Total 2008................................ 35,527,000 Total 2007................................ 37,380,000
Net Prems
357,000 357,000 –357,000 11,381,000 ——————— 11,381,000 25,192,000 31,357,000 37,485,000 37,574,000
Net Claims
–1,000 –1,000 38,000 5,559,000 ——————— 5,596,000 3,841,000 5,179,000 4,160,000 5,947,000
Claims
–0.28 –0.28 –10.64 48.84 ————— 49.17 15.25 16.52 11.10 15.83
2011 Direct Premiums Written: +21,140,000 2011 Underwriting Performance Summary
Reinsurance Assumed........................... 4,851,000 Reinsurance Ceded.............................. 12,128,000 Net Premiums Written.......................... 13,893,000 Net Premiums Earned.......................... 11,381,000 Net Claims & Adj Exp............................. 5,596,000 Commissions.......................................... 4,441,000 Taxes......................................................... 244,000 General Expenses.................................. 2,298,000 Undwrwtg. Profit/Loss.................................. 2,000 Investment Income.................................... 681,000
Underwriting Result 2011: 2008:
CANADIAN UNDERWRITER STATISTICAL ISSUE 2012
2012 Stat Issue Cdn Underwriters.indd 89
+$2,000 +$10,347,000
2010: 2007:
D-C
Growth: –44.76% %
Growth Rate (NPW)................................. 288.87 % of Market (NPW)..................................... 0.28 Earned Loss Ratio..................................... 49.17 Total Expense Ratio.................................. 61.36 Combined Loss & Exp. Ratio.................. 110.53 Return on Equity......................................... 6.30
+$1,804,000 +$9,553,000
2009:
+$3,928,000
89
12-05-25 9:21 AM
LIBERTY MUTUAL INSURANCE COMPANY
Michael Molony, Chief Agent 181 Bay St., Suite 1000, Brookfield Place Toronto ON M5J 2T3 416-365-7587 Fax: 416-307-4372 www.libertymutual.com
Class
Net Prems Written
Prop. - Commercial................. 25,357,000 Prop - Total ............................ 25,357,000 Aircraft..................................... 1,728,000 Auto. - Liability........................ 15,439,000 Auto. - Pers. Acc..................... 3,185,000 Auto. - Other............................ 8,783,000 Auto - Total ............................ 27,407,000 Fidelity..................................... 2,966,000 Liability.................................... 60,245,000 Surety...................................... 1,691,000 Marine...................................... 2,725,000 ——————— Total 2011................................ 122,119,000 Total 2010................................ 117,575,000 Total 2009................................ 109,236,000 Total 2008................................ 104,138,000 Total 2007................................ 87,357,000
Net Prems Earned
22,327,000 22,327,000 1,960,000 15,898,000 2,875,000 8,276,000 27,049,000 3,087,000 59,186,000 762,000 2,699,000 ——————— 117,070,000 116,994,000 111,662,000 86,010,000 84,074,000
Net Claims Incurred
19,985,000 19,985,000 1,500,000 12,950,000 1,492,000 5,379,000 19,821,000 323,000 40,678,000 232,000 407,000 ——————— 82,946,000 58,767,000 43,049,000 54,869,000 61,805,000
Claims Ratio
89.51 89.51 76.53 81.46 51.90 65.00 73.28 10.46 68.73 30.45 15.08 ————— 70.85 50.23 38.55 63.79 73.51
2011 Direct Premiums Written: +210,820,000 2011 Underwriting Performance Summary
Reinsurance Assumed......................... 13,926,000 Reinsurance Ceded............................ 138,211,000 Net Premiums Written........................ 122,119,000 Net Premiums Earned........................ 117,070,000 Net Claims & Adj Exp........................... 82,946,000 Commissions........................................ –4,238,000 Taxes...................................................... 7,479,000 General Expenses................................ 33,981,000 Undwrwtg. Profit/Loss......................... –3,098,000 Investment Income............................... 25,794,000
Underwriting Result 2011: 2008:
–$3,098,000 +$3,198,000
2010: 2007:
Growth: 11.27% %
Growth Rate (NPW)..................................... 3.86 % of Market (NPW)..................................... 0.31 Earned Loss Ratio..................................... 70.85 Total Expense Ratio.................................. 31.79 Combined Loss & Exp. Ratio.................. 102.64 Return on Equity......................................... 3.84
+$28,475,000 –$2,541,000
2009:
LLOYD’S UNDERWRITERS Lloyd’s Underwriters is not a company. The Canadian Business of Members of the Society of Lloyd’s is federally regulated and they are licensed to transact most classes of P&C insurance in all provinces and territories. The data is derived from the P&C 2 return filed with OSFI. It is prepared on the basis of accounting principles specified by the Superintendent of Financial Institutions not Canadian GAAP. For this reason, the data in respect of Lloyd’s is not directly comparable with the data of other insurers.
Class
Prop. - Personal...................... Prop. - Commercial................. Prop - Total ............................ Aircraft..................................... Auto. - Liability........................ Auto. - Pers. Acc..................... Auto. - Other............................ Auto - Total ............................ Boiler & Machinery.................. Credit....................................... Fidelity..................................... Legal Expense......................... Liability.................................... Surety...................................... Marine...................................... Accident & Sickness................ Total 2011................................ Total 2010................................ Total 2009................................ Total 2008................................ Total 2007................................
Net Prems Written
108,457,000 876,579,000 985,036,000 102,538,000 4,911,000 106,000 24,129,000 29,146,000 30,588,000 –3,549,000 16,762,000 992,000 907,126,000 2,703,000 47,032,000 88,246,000 ——————— 2,206,620,000 1,959,781,000 1,729,476,000 1,630,629,000 1,484,736,000
Net Prems Earned
108,457,000 876,579,000 985,036,000 102,538,000 4,911,000 106,000 24,129,000 29,146,000 30,588,000 –3,549,000 16,762,000 992,000 907,126,000 2,703,000 47,032,000 88,246,000 ——————— 2,206,620,000 1,959,781,000 1,729,476,000 1,630,629,000 1,484,736,000
Net Claims Incurred
71,027,000 552,807,000 623,834,000 60,637,000 –1,457,000 2,322,000 12,220,000 13,085,000 20,056,000 –7,323,000 6,204,000 153,000 607,409,000 915,000 41,172,000 31,660,000 ——————— 1,397,802,000 1,148,320,000 820,366,000 824,946,000 567,083,000
Claims Ratio
65.49 63.06 63.33 59.14 –29.67 2,190.57 50.64 44.89 65.57 206.34 37.01 15.42 66.96 33.85 87.54 35.88 ————— 63.35 58.59 47.43 50.59 38.19
B-UK
Reinsurance Assumed....................... 333,085,000 Reinsurance Ceded................................................ Net Premiums Written..................... 2,206,620,000 Net Premiums Earned..................... 2,206,620,000 Net Claims & Adj Exp...................... 1,397,802,000 Commissions...................................... 532,144,000 Taxes.................................................... 61,197,000 General Expenses.................................. 8,609,000 Undwrwtg. Profit/Loss....................... 206,868,000 Investment Income............................. 111,390,000 2011: 2008:
+$206,868,000 +$369,804,000
2010: 2007:
Growth: 10.65% %
Growth Rate (NPW)................................... 12.60 % of Market (NPW)..................................... 5.52 Earned Loss Ratio..................................... 63.35 Total Expense Ratio.................................... 0.00 Combined Loss & Exp. Ratio...................... 0.00 Return on Equity....................................... 19.17
+$289,144,000 +$569,401,000
2009:
LUMBERMEN’S UNDERWRITING ALLIANCE
300, 455 Fenelon Dorval QC H9S 5T8 514-531-2710 Fax: 514-631-9788 www.lumbermensunderwriting.com cro@ins-lua.com
Class
Net Prems Written
Prop. - Commercial................. –3,177,000 Prop - Total ............................ –3,177,000 ——————— Total 2011................................ –3,177,000 Total 2010................................ 27,570,000 Total 2009................................ 22,735,000 Total 2008................................ 34,232,000 Total 2007................................ 43,235,000
Net Prems Earned
18,692,000 18,692,000 ——————— 18,692,000 28,145,000 24,099,000 30,397,000 35,883,000
Net Claims Incurred
21,381,000 21,381,000 ——————— 21,381,000 20,964,000 29,541,000 15,902,000 29,628,000
Claims Ratio
114.39 114.39 ————— 114.39 74.49 122.58 52.31 82.57
2011 Direct Premiums Written: +14,543,000 2011 Underwriting Performance Summary
Reinsurance Assumed................................ 18,000 Reinsurance Ceded.............................. 17,738,000 Net Premiums Written.......................... –3,177,000 Net Premiums Earned.......................... 18,692,000 Net Claims & Adj Exp........................... 21,381,000 Commissions............................................. 230,000 Taxes...................................................... 1,356,000 General Expenses................................ 10,074,000 Undwrwtg. Profit/Loss....................... –14,447,000 Investment Income................................. 1,555,000
Underwriting Result 2011: 2008:
90
2012 Stat Issue Cdn Underwriters.indd 90
–$14,447,000 –$1,518,000
+$32,216,000
Sean Murphy, Attorney In Fact In Canada Deborah Moor, President Lloyd’s Canada 1155 Rue Metcalfe, Suite 2220, Montreal QC H3B 2V6 514-861-8361, Fax: 514-861-0470 www.lloyds.com info@lloyds.ca
2011 Direct Premiums Written: +1,798,460,000 2011 Underwriting Performance Summary
Underwriting Result
D-US
2010: 2007:
+$415,397,000
D-US
Growth: –67.77% %
Growth Rate (NPW)............................... –111.52 % of Market (NPW)................................... –0.01 Earned Loss Ratio................................... 114.39 Total Expense Ratio.................................. 62.38 Combined Loss & Exp. Ratio.................. 176.77 Return on Equity....................................... 42.67
–$8,275,000 –$11,267,000
2009:
–$25,967,000
canadianunderwriter.ca CANADIAN UNDERWRITER STATISTICAL ISSUE 2012
12-05-25 9:21 AM
Global standing with local understanding. Richard Ortner, Vice President, Energy & Construction, LIU Canada
Yes, there’s an Energy & Construction insurer as responsible as you are. At Liberty International Underwriters (LIU) we know energy and construction. Canada’s largest and most sophisticated companies have entrusted us with their business – proof of our skilled engineering and underwriting expertise. Our leading capacity, flexibility and superior claims handling have also given us an edge in this dynamic sector. Look to LIU for these coverages: onshore construction; power generation; oil, gas, petrochemical and chemical property. For more information about our Energy & Construction products, contact Richard Ortner at 416-307-5188 or visit www.liucanada.com
Responsibility. What’s your policy?™
• PROPERT Y • C A SUALT Y • RISK SERVICES • SPECIALT Y C A SUALT Y • ALTERNATIVE RISK MANAGEMENT • SURET Y • MARINE • EIL
™Liberty International Underwriters, a division of Liberty Mutual Insurance Company
2012 Stat Issue Cdn Underwriters.indd 91
100067CA05/2012
12-05-25 9:21 AM
THE MEARIE GROUP
Class
Net Prems Written
Prop. - Commercial................. 471,000 Prop - Total ............................ 471,000 Auto. - Liability........................ 165,000 Auto. - Pers. Acc..................... 61,000 Auto. - Other............................ 245,000 Auto - Total ............................ 471,000 Liability.................................... 5,830,000 ——————— Total 2011................................ 6,772,000 Total 2010................................ 4,846,000 Total 2008................................ 6,947,000 Total 2007................................ 6,615,000
Net Prems Earned
471,000 471,000 165,000 61,000 245,000 471,000 5,830,000 ——————— 6,772,000 4,846,000 6,947,000 6,615,000
Net Claims Incurred
6,000 6,000 14,000 5,000 22,000 41,000 1,728,000 ——————— 1,775,000 1,504,000 1,719,000 2,195,000
Claims Ratio
1.27 1.27 8.48 8.20 8.98 8.70 29.64 ————— 26.21 31.04 24.74 33.18
D-C
Charlie (C.C.) Macaluso, Chief Executive Officer, Attorney in Fact 3700 Steeles Ave. W., Suite 1100, Vaughan ON L4L 8K8 905-265-5300 Fax: 905-265-5301 www.mearie.ca cmacaluso@mearie.ca
2011 Direct Premiums Written: +10,786,000 2011 Underwriting Performance Summary
Reinsurance Assumed........................................... Reinsurance Ceded................................ 4,014,000 Net Premiums Written............................ 6,772,000 Net Premiums Earned............................ 6,772,000 Net Claims & Adj Exp............................. 1,775,000 Commissions.......................................................... Taxes......................................................... 339,000 General Expenses.................................. 2,333,000 Undwrwtg. Profit/Loss........................... 2,467,000 Investment Income................................. 3,071,000
Underwriting Result 2011:
+$2,467,000
2010:
Growth: 16.66% %
Growth Rate (NPW)................................... 39.74 % of Market (NPW)..................................... 0.02 Earned Loss Ratio..................................... 26.21 Total Expense Ratio.................................... 0.00 Combined Loss & Exp. Ratio...................... 0.00 Return on Equity....................................... 11.68
+$978,000
2008:
+$3,115,000
MENNONITE MUTUAL FIRE INSURANCE COMPANY B-C Valerie Fehr, President & Chief Executive Officer Box 190, Waldheim SK S0K 4R0 306-945-2239 Fax: 306-945-4666 www.mmfi.com fehrv@mmfi.com
Class
Net Prems Written
Prop. - Personal...................... 4,819,000 Prop. - Commercial................. 967,000 Prop - Total ............................ 5,786,000 Auto. - Liability........................ 71,000 Auto. - Other............................ 57,000 Auto - Total ............................ 128,000 Liability.................................... 558,000 ——————— Total 2011................................ 6,472,000 Total 2010................................ 6,058,000 Total 2009................................ 5,601,000 Total 2008................................ 5,488,000 Total 2007................................ 4,922,000
Net Prems Earned
Net Claims Incurred
4,511,000 1,081,000 3,221,000 5,592,000 3,221,000 62,000 67,000 98,000 129,000 98,000 524,000 344,000 ——————— ——————— 6,245,000 3,663,000 5,877,000 3,181,000 5,441,000 2,209,000 5,201,000 3,038,000 4,728,000 2,940,000
Claims Ratio
297.96 57.60 146.27 75.97 65.65 ————— 58.65 54.13 40.60 58.41 62.18
2011 Direct Premiums Written: +13,405,000 2011 Underwriting Performance Summary
Reinsurance Assumed........................................... Reinsurance Ceded................................ 6,933,000 Net Premiums Written............................ 6,472,000 Net Premiums Earned............................ 6,245,000 Net Claims & Adj Exp............................. 3,663,000 Commissions............................................... 69,000 Taxes...................................................................... General Expenses.................................. 1,736,000 Undwrwtg. Profit/Loss.............................. 859,000 Investment Income.................................... 676,000
Underwriting Result 2011: 2008:
+$859,000 +$365,000
2010: 2007:
Growth: 5.24% %
Growth Rate (NPW)..................................... 6.83 % of Market (NPW)..................................... 0.02 Earned Loss Ratio..................................... 58.65 Total Expense Ratio.................................... 0.00 Combined Loss & Exp. Ratio...................... 0.00 Return on Equity....................................... 19.00
+$766,000 –$437,000
2009:
+$1,499,000
MITSUI SUMITOMO INSURANCE COMPANY, LIMITED B-F Ellen J. Moore, Chief Agent For Canada One Financial Place, 1 Adelaide St. E. Toronto ON M5C 2V9 416-863-0550 Fax: 416-863-3144
Class
Net Prems Written
Prop. - Personal...................... 139,000 Prop. - Commercial................. 5,848,000 Prop - Total ............................ 5,987,000 Aircraft..................................... 6,377,000 Auto. - Liability........................ 3,794,000 Auto. - Pers. Acc..................... 9,000 Auto. - Other............................ 17,000 Auto - Total ............................ 3,820,000 Boiler & Machinery.................. 318,000 Fidelity..................................... 105,000 Liability.................................... 3,966,000 Marine...................................... 166,000 ——————— Total 2011................................ 20,739,000 Total 2010................................ 21,868,000 Total 2009................................ 22,230,000 Total 2008................................ 24,974,000 Total 2007................................ 25,625,000
92
2012 Stat Issue Cdn Underwriters.indd 92
Net Prems Earned
137,000 5,917,000 6,054,000 6,399,000 3,710,000 11,000 22,000 3,743,000 323,000 109,000 3,777,000 230,000 ——————— 20,635,000 21,778,000 24,080,000 26,159,000 25,504,000
Net Claims Incurred
–17,000 866,000 849,000 3,614,000 1,563,000 12,000 6,000 1,581,000 224,000 8,000 8,856,000 13,000 ——————— 15,145,000 14,171,000 5,944,000 19,523,000 18,992,000
Claims Ratio
–12.41 14.64 14.02 56.48 42.13 109.09 27.27 42.24 69.35 7.34 234.47 5.65 ————— 73.39 65.07 24.68 74.63 74.47
2011 Direct Premiums Written: +22,678,000 2011 Underwriting Performance Summary
Reinsurance Assumed.............................. 266,000 Reinsurance Ceded................................ 2,205,000 Net Premiums Written.......................... 20,739,000 Net Premiums Earned.......................... 20,635,000 Net Claims & Adj Exp........................... 15,145,000 Commissions.......................................... 1,980,000 Taxes......................................................... 758,000 General Expenses.................................. 3,618,000 Undwrwtg. Profit/Loss............................ –866,000 Investment Income................................. 2,405,000
Underwriting Result 2011: 2008:
–$866,000 –$475,000
2010: 2007:
Growth: –1.80% %
Growth Rate (NPW)................................... –5.16 % of Market (NPW)..................................... 0.05 Earned Loss Ratio..................................... 73.39 Total Expense Ratio.................................. 30.80 Combined Loss & Exp. Ratio.................. 104.19 Return on Equity......................................... 2.57
+$1,405,000 –$1,475,000
2009:
+$11,171,000
canadianunderwriter.ca CANADIAN UNDERWRITER STATISTICAL ISSUE 2012
12-05-25 9:21 AM
MOTORS INSURANCE CORPORATION
C.W. Hastings, Director Canadian Operations 8500 Leslie St., Suite 400 Thornhill ON L3T 7M8 905-882-3900 Fax: 905-882-3955
Class
Net Prems Written
Prop. - Personal...................... 9,181,000 Prop - Total ............................ 9,181,000 Auto. - Liability........................ 28,671,000 Auto. - Pers. Acc..................... 21,106,000 Auto. - Other............................ 21,798,000 Auto - Total ............................ 71,575,000 Liability.................................... 53,996,000 ——————— Total 2011................................ 134,752,000 Total 2010................................ 136,151,000 Total 2009................................ 129,376,000 Total 2008................................ 209,219,000 Total 2007................................ 198,807,000
Net Prems Earned
15,618,000 15,618,000 26,012,000 19,593,000 21,347,000 66,952,000 71,301,000 ——————— 153,871,000 160,488,000 183,782,000 209,054,000 208,699,000
Net Claims Incurred
4,312,000 4,312,000 23,654,000 13,767,000 13,511,000 50,932,000 42,269,000 ——————— 97,513,000 115,206,000 107,688,000 136,478,000 136,181,000
Claims Ratio
27.61 27.61 90.93 70.26 63.29 76.07 59.28 ————— 63.37 71.78 58.60 65.28 65.25
2011 Direct Premiums Written: +172,981,000 2011 Underwriting Performance Summary
Reinsurance Assumed........................................... Reinsurance Ceded.............................. 38,229,000 Net Premiums Written........................ 134,752,000 Net Premiums Earned........................ 153,871,000 Net Claims & Adj Exp........................... 97,513,000 Commissions........................................ 13,383,000 Taxes...................................................... 5,789,000 General Expenses.................................. 5,226,000 Undwrwtg. Profit/Loss......................... 33,403,000 Investment Income............................... 26,290,000
Underwriting Result 2011: 2008:
+$33,403,000 +$38,321,000
2010: 2007:
D-US
Growth: –4.24% %
Growth Rate (NPW)................................... –1.03 % of Market (NPW)..................................... 0.34 Earned Loss Ratio..................................... 63.37 Total Expense Ratio.................................. 15.86 Combined Loss & Exp. Ratio.................... 79.23 Return on Equity....................................... 12.53
+$22,274,000 +$41,407,000
2009:
+$45,877,000
THE MUTUAL FIRE INSURANCE COMPANY B-C J. Bredenhof, Chairman OF BRITISH COLUMBIA Darin Nessel, President & Chief Executive Officer 201-9366-200A Street, Langley BC V1M 4B3 604-881-1250, Fax: 604-881-1440 www.mutualfirebc.com dlnessel@mutualfirebc.com
Class
Net Prems Written
Prop. - Personal...................... 24,713,000 Prop. - Commercial................. 6,106,000 Prop - Total ............................ 30,819,000 Boiler & Machinery.................. 76,000 Liability.................................... 1,907,000 ——————— Total 2011................................ 32,802,000 Total 2010................................ 25,186,000 Total 2009................................ 19,058,000 Total 2008................................ 15,163,000 Total 2007................................ 12,152,000
Net Prems Earned
22,265,000 5,520,000 27,785,000 75,000 1,701,000 ——————— 29,561,000 23,965,000 16,972,000 13,004,000 10,313,000
Net Claims Incurred
9,338,000 4,379,000 13,717,000 37,000 2,108,000 ——————— 15,862,000 8,874,000 10,397,000 5,485,000 5,222,000
Claims Ratio
41.94 79.33 49.37 49.33 123.93 ————— 53.66 37.03 61.26 42.18 50.64
2011 Direct Premiums Written: +39,442,000 2011 Underwriting Performance Summary
Reinsurance Assumed........................................... Reinsurance Ceded................................ 6,640,000 Net Premiums Written.......................... 32,802,000 Net Premiums Earned.......................... 29,561,000 Net Claims & Adj Exp........................... 15,862,000 Commissions.......................................... 8,253,000 Taxes......................................................... 149,000 General Expenses.................................. 3,811,000 Undwrwtg. Profit/Loss........................... 1,534,000 Investment Income................................. 1,295,000
Underwriting Result 2011: 2008:
+$1,534,000 +$2,882,000
2010: 2007:
Growth: 29.80% %
Growth Rate (NPW)................................... 30.24 % of Market (NPW)..................................... 0.08 Earned Loss Ratio..................................... 53.66 Total Expense Ratio.................................. 41.31 Combined Loss & Exp. Ratio.................... 94.97 Return on Equity....................................... 10.86
+$4,956,000 +$551,000
2009:
NORTH WATERLOO FARMERS MUTUAL Carlos A Rodrigues, President & C.E.O. INSURANCE COMPANY 100 Erb St. E.
+$246,000
B-C
Waterloo ON N2J 1L9 519-886-4530 Fax: 519-746-0222 www.nwfm.com
Class
Net Prems Written
Prop. - Personal...................... 23,111,000 Prop. - Commercial................. 11,047,000 Prop - Total ............................ 34,158,000 Auto. - Liability........................ 11,144,000 Auto. - Pers. Acc..................... 9,053,000 Auto. - Other............................ 12,098,000 Auto - Total ............................ 32,295,000 Boiler & Machinery.................. 198,000 Hail.......................................... 155,000 Liability.................................... 3,879,000 Accident & Sickness................ 10,000 ——————— Total 2011................................ 70,695,000 Total 2010................................ 61,030,000 Total 2009................................ 54,526,000 Total 2008................................ 49,382,000 Total 2007................................ 43,189,000
Net Prems Earned
Net Claims Incurred
21,446,000 12,669,000 10,109,000 7,232,000 31,555,000 19,901,000 10,495,000 5,283,000 8,231,000 4,898,000 11,332,000 6,848,000 30,058,000 17,029,000 198,000 155,000 3,554,000 2,285,000 5,000 1,000 ——————— ——————— 65,525,000 39,216,000 57,090,000 34,096,000 52,339,000 30,950,000 46,261,000 34,020,000 38,993,000 24,580,000
CANADIAN UNDERWRITER STATISTICAL ISSUE 2012
2012 Stat Issue Cdn Underwriters.indd 93
Claims Ratio
59.07 71.54 63.07 50.34 59.51 60.43 56.65 64.29 20.00 ————— 59.85 59.72 59.13 73.54 63.04
2011 Direct Premiums Written: +78,229,000 2011 Underwriting Performance Summary
Reinsurance Assumed........................................... Reinsurance Ceded................................ 7,534,000 Net Premiums Written.......................... 70,695,000 Net Premiums Earned.......................... 65,525,000 Net Claims & Adj Exp........................... 39,216,000 Commissions........................................ 13,634,000 Taxes...................................................... 2,165,000 General Expenses.................................. 9,010,000 Undwrwtg. Profit/Loss........................... 2,641,000 Investment Income................................. 4,518,000
Underwriting Result 2011: 2008:
+$2,641,000 –$5,478,000
2010: 2007:
Growth: 12.76% %
Growth Rate (NPW)................................... 15.84 % of Market (NPW)..................................... 0.18 Earned Loss Ratio..................................... 59.85 Total Expense Ratio.................................. 37.86 Combined Loss & Exp. Ratio.................... 97.71 Return on Equity....................................... 15.29
+$1,333,000 –$743,000
2009:
+$1,845,000
93
12-05-25 9:21 AM
NORTHBRIDGE FINANCIAL CORPORATION Northbridge Group financial data in this publication reflects an aggregation of subsidiary financial data prepard on a statutory basis. Financial data by class reflects subsidiary financial data transacted in all jurisdictions Class
Net Prems Written
Net Prems Earned
Prop. - Personal...................... 62,958,000 58,053,000 Prop. - Commercial................. 314,119,000 295,341,000 Prop - Total ............................ 377,077,000 353,394,000 Auto. - Liability........................ 245,173,000 244,580,000 Auto. - Pers. Acc..................... 73,769,000 72,452,000 Auto. - Other............................ 150,927,000 154,729,000 Auto - Total ............................ 469,869,000 471,761,000 Boiler & Machinery.................. 3,841,000 3,628,000 Fidelity..................................... 2,542,000 2,484,000 Hail.......................................... Liability.................................... 198,580,000 192,826,000 Surety...................................... 6,182,000 7,351,000 Marine...................................... 27,832,000 28,372,000 ——————— ——————— Total 2011................................ 1,085,923,000 1,059,816,000 Total 2010................................ 1,007,728,000 1,021,415,000 Total 2009................................ 1,042,176,000 1,091,012,000 Total 2008................................ 1,151,819,000 1,121,260,000 Total 2007................................ 1,047,814,000 1,055,824,000
Net Claims Incurred
32,878,000 161,748,000 194,626,000 230,411,000 57,441,000 95,405,000 383,257,000 572,000 372,000 264,000 166,079,000 2,020,000 12,919,000 ——————— 760,109,000 772,929,000 742,947,000 920,985,000 686,072,000
Claims Ratio
56.63 54.77 55.07 94.21 79.28 61.66 81.24 15.77 14.98 0.00 86.13 27.48 45.53 ————— 71.72 75.67 68.10 82.14 64.98
Silvy Wright, President & Chief Executive Officer 105 Adelaide St W, Suite 700 Toronto ON M5H 1P9 416-350-4300 Fax: 416-350-4307 www.nbfc.com
2011 Direct Premiums Written: +1,207,866,000 2011 Underwriting Performance Summary
Reinsurance Assumed........................... 4,855,000 Reinsurance Ceded............................ 222,049,000 Net Premiums Written..................... 1,085,923,000 Net Premiums Earned..................... 1,059,816,000 Net Claims & Adj Exp......................... 760,109,000 Commissions...................................... 154,279,000 Taxes.................................................... 42,159,000 General Expenses.............................. 174,993,000 Undwrwtg. Profit/Loss....................... –65,351,000 Investment Income............................. –74,475,000
Underwriting Result 2011: 2008:
–$65,351,000 –$81,933,000
2010: 2007:
Growth: –3.11% %
Growth Rate (NPW)..................................... 7.76 % of Market (NPW)..................................... 2.72 Earned Loss Ratio..................................... 71.72 Total Expense Ratio.................................. 34.45 Combined Loss & Exp. Ratio.................. 106.17 Return on Equity....................................... –9.22
–$82,912,000 +$66,048,000
2009:
–$34,108,000
NORTHBRIDGE INSURANCE
B-C
Fabian Richenberger, President 105 Adelaide St W Suite 700 Toronto ON M5H 1P9 416-350-4300 Fax: 416-350-4300
Class
Net Prems Written
Net Prems Earned
Prop. - Personal...................... 58,793,000 54,016,000 Prop. - Commercial................. 274,174,000 255,858,000 Prop - Total ............................ 332,967,000 309,874,000 Auto. - Liability........................ 221,203,000 221,249,000 Auto. - Pers. Acc..................... 69,605,000 68,355,000 Auto. - Other............................ 128,722,000 132,296,000 Auto - Total ............................ 419,530,000 421,900,000 Boiler & Machinery.................. 3,269,000 3,110,000 Fidelity..................................... 2,330,000 2,287,000 Hail.......................................... Liability.................................... 165,817,000 160,468,000 Surety...................................... 5,982,000 7,151,000 Marine...................................... 27,832,000 28,372,000 ——————— ——————— Total 2011................................ 957,727,000 933,162,000
Net Claims Incurred
28,834,000 145,444,000 174,278,000 217,535,000 57,909,000 84,384,000 359,828,000 293,000 222,000 264,000 150,388,000 1,949,000 12,919,000 ——————— 700,141,000
Claims Ratio
53.38 56.85 56.24 98.32 84.72 63.78 85.29 9.42 9.71 0.00 93.72 27.25 45.53 ————— 75.03
2011 Direct Premiums Written: +1,061,572,000 2011 Underwriting Performance Summary
Reinsurance Assumed........................... 4,855,000 Reinsurance Ceded............................ 203,951,000 Net Premiums Written........................ 957,727,000 Net Premiums Earned........................ 933,162,000 Net Claims & Adj Exp......................... 700,141,000 Commissions...................................... 145,362,000 Taxes.................................................... 37,390,000 General Expenses.............................. 143,668,000 Undwrwtg. Profit/Loss....................... –86,827,000 Investment Income............................. –55,316,000
Growth: 0.00% %
Growth Rate (NPW)..................................... 0.00 % of Market (NPW)..................................... 2.39 Earned Loss Ratio..................................... 75.03 Total Expense Ratio.................................. 34.28 Combined Loss & Exp. Ratio.................. 109.30 Return on Equity..................................... –10.08
Underwriting Result 2011:
–$86,827,000
FEDERATED INSURANCE COMPANY OF CANADA John Paisley, President 717 Portage Ave., P.O. Box 5800 Winnipeg MB R3C 3C9 204-786-6431 Fax: 204-784-6755 www.federated.ca
Class
Net Prems Written
Prop. - Personal...................... 4,165,000 Prop. - Commercial................. 39,945,000 Prop - Total ............................ 44,110,000 Auto. - Liability........................ 23,970,000 Auto. - Pers. Acc..................... 4,164,000 Auto. - Other............................ 22,205,000 Auto - Total ............................ 50,339,000 Boiler & Machinery.................. 572,000 Fidelity..................................... 212,000 Liability.................................... 32,763,000 Surety...................................... 200,000 ——————— Total 2011................................ 128,196,000 Total 2010................................ 125,817,000 Total 2009................................ 115,834,000 Total 2008................................ 116,117,000 Total 2007................................ 103,003,000
94
2012 Stat Issue Cdn Underwriters.indd 94
Net Prems Earned
4,037,000 39,483,000 43,520,000 23,331,000 4,097,000 22,433,000 49,861,000 518,000 197,000 32,358,000 200,000 ——————— 126,654,000 119,518,000 116,307,000 116,703,000 103,829,000
Net Claims Incurred
4,044,000 16,304,000 20,348,000 12,876,000 –468,000 11,021,000 23,429,000 279,000 150,000 15,691,000 71,000 ——————— 59,968,000 73,770,000 63,671,000 74,883,000 65,842,000
Claims Ratio
100.17 41.29 46.76 55.19 –11.42 49.13 46.99 53.86 76.14 48.49 35.50 ————— 47.35 61.72 54.74 64.17 63.41
B-C
2011 Direct Premiums Written: +146,294,000 2011 Underwriting Performance Summary
Reinsurance Assumed........................................... Reinsurance Ceded.............................. 18,098,000 Net Premiums Written........................ 128,196,000 Net Premiums Earned........................ 126,654,000 Net Claims & Adj Exp........................... 59,968,000 Commissions.......................................... 8,917,000 Taxes...................................................... 4,769,000 General Expenses................................ 31,325,000 Undwrwtg. Profit/Loss......................... 21,476,000 Investment Income............................. –19,159,000
Underwriting Result 2011: 2008:
+$21,476,000 +$3,419,000
2010: 2007:
D-C
Growth: 1.66% %
Growth Rate (NPW)..................................... 1.89 % of Market (NPW)..................................... 0.32 Earned Loss Ratio..................................... 47.35 Total Expense Ratio.................................. 35.70 Combined Loss & Exp. Ratio.................... 83.04 Return on Equity....................................... –1.33
+$3,156,000 +$4,079,000
2009:
+$12,294,000
canadianunderwriter.ca CANADIAN UNDERWRITER STATISTICAL ISSUE 2012
12-05-25 9:21 AM
OLD REPUBLIC INSURANCE COMPANY Paul Field, Chief Executive Officer OF CANADA Box 557, 100 King St W
D-US
Hamilton ON L8N 3K9 905-523-5936 Fax: 905-528-4685 pfield@orican.com
Class
Net Prems Written
Prop. - Personal...................... 220,000 Prop. - Commercial................. 4,785,000 Prop - Total ............................ 5,005,000 Aircraft..................................... 6,000 Auto. - Liability........................ 26,328,000 Auto. - Pers. Acc..................... 3,740,000 Auto. - Other............................ 10,968,000 Auto - Total ............................ 41,036,000 Liability.................................... 3,717,000 ——————— Total 2011................................ 49,764,000 Total 2010................................ 45,920,000 Total 2009................................ 35,431,000 Total 2008................................ 31,096,000 Total 2007................................ 36,773,000
Net Prems Earned
241,000 4,458,000 4,699,000 9,000 24,900,000 3,559,000 10,050,000 38,509,000 3,663,000 ——————— 46,880,000 41,661,000 32,028,000 32,251,000 38,237,000
Net Claims Incurred
190,000 4,948,000 5,138,000 24,000 16,579,000 3,015,000 6,184,000 25,778,000 –19,000 ——————— 30,921,000 27,693,000 18,283,000 21,153,000 22,163,000
Claims Ratio
78.84 110.99 109.34 266.67 66.58 84.71 61.53 66.94 –0.52 ————— 65.96 66.47 57.08 65.59 57.96
2011 Direct Premiums Written: +62,880,000 2011 Underwriting Performance Summary
Reinsurance Assumed.................................. 1,000 Reinsurance Ceded.............................. 13,117,000 Net Premiums Written.......................... 49,764,000 Net Premiums Earned.......................... 46,880,000 Net Claims & Adj Exp........................... 30,921,000 Commissions.......................................... 8,434,000 Taxes...................................................... 1,640,000 General Expenses.................................. 4,766,000 Undwrwtg. Profit/Loss........................... 3,601,000 Investment Income................................. 3,991,000
Underwriting Result 2011: 2008:
+$3,601,000 –$967,000
2010: 2007:
Growth: 5.43% %
Growth Rate (NPW)..................................... 8.37 % of Market (NPW)..................................... 0.12 Earned Loss Ratio..................................... 65.96 Total Expense Ratio.................................. 31.66 Combined Loss & Exp. Ratio.................... 97.62 Return on Equity....................................... 10.43
+$2,985,000 +$3,360,000
2009:
OMEGA GENERAL INSURANCE COMPANY
Philip Cook, Chief Executive Officer 36 King St. E., Suite 500 Toronto ON M5C 1E5 www.omegageneral.com contactus@omegageneral.com
Class
Net Prems Written
Net Prems Earned
Net Claims Incurred
Prop. - Personal...................... 12,974,000 12,837,000 8,045,000 Prop. - Commercial................. 227,000 251,000 –389,000 Prop - Total ............................ 13,201,000 13,088,000 7,656,000 Aircraft..................................... –117,000 –117,000 –346,000 Auto. - Liability........................ –44,000 Auto. - Other............................ 17,000 17,000 –1,000 Auto - Total ............................ 17,000 17,000 –45,000 Boiler & Machinery.................. 3,000 3,000 –1,000 Fidelity..................................... 10,000 10,000 Liability.................................... 5,020,000 5,126,000 5,661,000 Surety...................................... 175,000 175,000 –6,000 Marine...................................... –281,000 Accident & Sickness................ 128,000 128,000 –21,000 ——————— ——————— ——————— Total 2011................................ 18,437,000 18,430,000 12,617,000 Total 2010................................ 14,568,000 13,696,000 6,749,000 Total 2009................................ 1,993,000 1,524,000 711,000 Total 2008................................ 2,269,000 1,697,000 535,000 Total 2007................................ 575,000 747,000 204,000
Claims Ratio
62.67 –154.98 58.50 295.73 0.00 –5.88 –264.71 –33.33 110.44 –3.43 0.00 –16.41 ————— 68.46 49.28 46.65 31.53 27.31
2011 Direct Premiums Written: +22,081,000 2011 Underwriting Performance Summary
Reinsurance Assumed........................... 3,325,000 Reinsurance Ceded................................ 6,969,000 Net Premiums Written.......................... 18,437,000 Net Premiums Earned.......................... 18,430,000 Net Claims & Adj Exp........................... 12,617,000 Commissions.......................................... 4,895,000 Taxes......................................................... 816,000 General Expenses.................................. 1,446,000 Undwrwtg. Profit/Loss......................... –1,344,000 Investment Income.................................... 839,000
Underwriting Result 2011: 2008:
–$1,344,000 –$963,000
2010: 2007:
+$2,644,000
B-C
Growth: 26.70% %
Growth Rate (NPW)................................... 26.56 % of Market (NPW)..................................... 0.05 Earned Loss Ratio..................................... 68.46 Total Expense Ratio.................................. 38.83 Combined Loss & Exp. Ratio.................. 107.29 Return on Equity....................................... –2.92
+$2,340,000 –$2,188,000
2009:
ONTARIO MUTUAL INSURANCE ASSOCIATION
–$981,000
B-C
John Taylor, BBA,FCIP,CHRP, President Gordon Smith, Chairman of Board 350 Pinebush Rd, Box 3187, Cambridge ON N3H 4S6 519-622-9220 Fax: 519-622-9227 www.ontariomutuals.com
Class
Net Prems Written
Prop. - Personal...................... 231,675,000 Prop. - Commercial................. 38,737,000 Prop - Total ............................ 270,412,000 Auto. - Liability........................ 98,666,000 Auto. - Pers. Acc..................... 54,694,000 Auto. - Other............................ 56,989,000 Auto - Total ............................ 210,349,000 Boiler & Machinery.................. –8,000 Fidelity..................................... 27,000 Hail.......................................... 145,000 Liability.................................... 37,872,000 Other Apprvd. Prod................. 5,000 Accident & Sickness................ 268,000 ——————— Total 2011................................ 519,070,000 Total 2010................................ 480,446,000 Total 2009................................ 432,620,000 Total 2008................................ 403,697,000 Total 2007................................ 383,721,000
Net Prems Earned
Net Claims Incurred
222,360,000 151,933,000 37,974,000 18,361,000 260,334,000 170,294,000 93,356,000 54,250,000 53,191,000 21,522,000 54,757,000 35,927,000 201,304,000 111,699,000 –9,000 27,000 159,000 59,000 36,258,000 15,154,000 5,000 266,000 101,000 ——————— ——————— 498,344,000 297,307,000 452,410,000 242,526,000 411,816,000 259,307,000 392,418,000 294,673,000 377,706,000 232,210,000
CANADIAN UNDERWRITER STATISTICAL ISSUE 2012
2012 Stat Issue Cdn Underwriters.indd 95
Claims Ratio
68.33 48.35 65.41 58.11 40.46 65.61 55.49 37.11 41.79 37.97 ————— 59.66 53.61 62.97 75.09 61.48
2011 Direct Premiums Written: +639,990,000 2011 Underwriting Performance Summary
Reinsurance Assumed........................... 1,120,000 Reinsurance Ceded............................ 122,040,000 Net Premiums Written........................ 519,070,000 Net Premiums Earned........................ 498,344,000 Net Claims & Adj Exp......................... 297,307,000 Commissions...................................... 104,711,000 Taxes...................................................... 1,368,000 General Expenses................................ 91,987,000 Undwrwtg. Profit/Loss......................... 17,161,000 Investment Income............................... 39,296,000
Underwriting Result 2011: 2008:
+$17,161,000 –$44,401,000
2010: 2007:
Growth: 6.92% %
Growth Rate (NPW)..................................... 8.04 % of Market (NPW)..................................... 1.30 Earned Loss Ratio..................................... 59.66 Total Expense Ratio.................................. 39.74 Combined Loss & Exp. Ratio.................... 99.40 Return on Equity......................................... 4.90
+$28,505,000 +$7,661,000
2009:
–$2,105,000
95
12-05-25 9:21 AM
ONTARIO SCHOOL BOARD’S INSURANCE Jim H. Sami, Chief Executive Officer EXCHANGE 91 Westmount Rd.
D-C
Guelph ON N1H 5J2 519-767-2182 Fax: 519-767-0281
Class
Net Prems Written
Prop. - Commercial................. 11,649,000 Prop - Total ............................ 11,649,000 Auto. - Liability........................ 613,000 Auto. - Pers. Acc..................... 280,000 Auto. - Other............................ 408,000 Auto - Total ............................ 1,301,000 Boiler & Machinery.................. 176,000 Fidelity..................................... 936,000 Liability.................................... 20,770,000 ——————— Total 2011................................ 34,832,000 Total 2010................................ 33,131,000 Total 2009................................ 32,520,000 Total 2008................................ 31,065,000 Total 2007................................ 31,019,000
Net Prems Earned
11,649,000 11,649,000 664,000 280,000 459,000 1,403,000 176,000 936,000 21,133,000 ——————— 35,297,000 33,571,000 32,960,000 31,885,000 31,542,000
Net Claims Incurred
3,573,000 3,573,000 1,177,000 –180,000 –70,000 927,000 75,000 85,000 19,021,000 ——————— 23,681,000 26,413,000 29,168,000 36,679,000 27,484,000
Claims Ratio
30.67 30.67 177.26 –64.29 –15.25 66.07 42.61 9.08 90.01 ————— 67.09 78.68 88.50 115.04 87.13
2011 Direct Premiums Written: +37,600,000 2011 Underwriting Performance Summary
Reinsurance Assumed........................................... Reinsurance Ceded................................ 2,768,000 Net Premiums Written.......................... 34,832,000 Net Premiums Earned.......................... 35,297,000 Net Claims & Adj Exp........................... 23,681,000 Commissions........................................................ 0 Taxes...................................................... 1,032,000 General Expenses.................................. 2,131,000 Undwrwtg. Profit/Loss........................... 8,453,000 Investment Income................................. 8,964,000
Underwriting Result 2011: 2008:
+$8,453,000 –$7,713,000
2010: 2007:
Growth: 4.68% %
Growth Rate (NPW)..................................... 5.13 % of Market (NPW)..................................... 0.09 Earned Loss Ratio..................................... 67.09 Total Expense Ratio.................................... 8.96 Combined Loss & Exp. Ratio.................... 76.05 Return on Equity....................................... 28.79
+$4,123,000 +$1,474,000
2009:
+$881,000
PEACE HILLS GENERAL INSURANCE COMPANY
Diane Brickner C.I.P., President & CEO 300, 10709 Jasper Ave., Edmonton AB T5J 3N3 780-424-3986 Fax: 780-424-0396 www.peacehillsinsurance.com phi@peacehillsinsurance.com
Class
Net Prems Written
Prop. - Personal...................... 41,368,000 Prop. - Commercial................. 19,808,000 Prop - Total ............................ 61,176,000 Auto. - Liability........................ 24,251,000 Auto. - Pers. Acc..................... 2,025,000 Auto. - Other............................ 24,467,000 Auto - Total ............................ 50,743,000 ——————— Total 2011................................ 111,919,000 Total 2010................................ 112,343,000 Total 2009................................ 111,717,000 Total 2008................................ 111,297,000 Total 2007................................ 88,245,000
Net Prems Earned
40,951,000 19,194,000 60,145,000 24,856,000 2,081,000 24,279,000 51,216,000 ——————— 111,361,000 111,234,000 109,999,000 101,261,000 84,536,000
Net Claims Incurred
33,847,000 9,585,000 43,432,000 15,578,000 1,932,000 13,043,000 30,553,000 ——————— 73,985,000 60,229,000 66,221,000 67,081,000 50,314,000
Claims Ratio
82.65 49.94 72.21 62.67 92.84 53.72 59.66 ————— 66.44 54.15 60.20 66.25 59.52
2011 Direct Premiums Written: +170,435,000 2011 Underwriting Performance Summary
Reinsurance Assumed........................................... Reinsurance Ceded.............................. 58,516,000 Net Premiums Written........................ 111,919,000 Net Premiums Earned........................ 111,361,000 Net Claims & Adj Exp........................... 73,985,000 Commissions........................................ 19,304,000 Taxes...................................................... 5,866,000 General Expenses................................ 19,452,000 Undwrwtg. Profit/Loss......................... –5,247,000 Investment Income................................. 8,727,000
Underwriting Result 2011: 2008:
–$5,247,000 –$3,014,000
2010: 2007:
Growth: 4.55% %
Growth Rate (NPW)................................... –0.38 % of Market (NPW)..................................... 0.28 Earned Loss Ratio..................................... 66.44 Total Expense Ratio.................................. 40.07 Combined Loss & Exp. Ratio.................. 106.51 Return on Equity......................................... 4.04
+$10,454,000 +$2,832,000
2009:
P.E.I. MUTUAL INSURANCE COMPANY
Net Prems Written
Net Prems Earned
Prop. - Personal...................... 7,358,000 6,955,000 Prop. - Commercial................. 6,001,000 5,933,000 Prop - Total ............................ 13,359,000 12,888,000 Legal Expense......................... Liability.................................... 1,460,000 1,341,000 ——————— ——————— Total 2011................................ 14,819,000 14,229,000 Total 2010................................ 13,758,000 13,040,000 Total 2009................................ 13,220,000 12,656,000 Total 2008................................ 12,140,000 11,728,000 Total 2007................................ 11,585,000 11,186,000
Net Claims Incurred
5,078,000 3,133,000 8,211,000 56,000 1,604,000 ——————— 9,871,000 9,140,000 7,450,000 8,670,000 7,256,000
Claims Ratio
73.01 52.81 63.71 0.00 119.61 ————— 69.37 70.09 58.87 73.93 64.87
2011 Direct Premiums Written: +16,845,000 2011 Underwriting Performance Summary
Reinsurance Assumed.................................. 5,000 Reinsurance Ceded................................ 2,031,000 Net Premiums Written.......................... 14,819,000 Net Premiums Earned.......................... 14,229,000 Net Claims & Adj Exp............................. 9,871,000 Commissions.......................................... 1,987,000 Taxes......................................................... 180,000 General Expenses.................................. 2,996,000 Undwrwtg. Profit/Loss............................ –805,000 Investment Income................................. 2,501,000
Underwriting Result 2011: 2008:
96
2012 Stat Issue Cdn Underwriters.indd 96
–$805,000 –$1,316,000
2010: 2007:
+$2,627,000
D-C
Terrence Shea, General Manager 201 Water St. Summerside PE C1N 1B4 902-436-2185 www.peimutual.com protect@peimutual.com
Class
B-C
Growth: 6.24% %
Growth Rate (NPW)..................................... 7.71 % of Market (NPW)..................................... 0.04 Earned Loss Ratio..................................... 69.37 Total Expense Ratio.................................. 36.29 Combined Loss & Exp. Ratio.................. 105.66 Return on Equity......................................... 4.19
–$1,291,000 –$368,000
2009:
+$625,000
canadianunderwriter.ca CANADIAN UNDERWRITER STATISTICAL ISSUE 2012
12-05-25 9:21 AM
TEXTING WHILE DRIVING MAY ONLY TAKE A SECOND,
OR A LIFE
We’ve been looking after our customers since 1982. We offer competitive rates, the best coverage and the fastest, friendliest service. Ask your independent insurance broker about Peace Hills Insurance today. At Peace Hills our policy works for you. PEACEHILLSINSURANCE.COM Offices in:
Peace Hills FINAL smart.indd 1 2012 Stat Issue Cdn Underwriters.indd 97
Edmonton
Calgary
Vancouver
Prince George
Brandon
11/05/12 12:22 PM 12-05-25 9:21 AM
PACIFIC COAST FISHERMEN’S MUTUAL MARINE 3757 Canada Way INSURANCE COMPANY Burnaby BC V5G 1G5
D-C
604-438-4240 Fax: 604-438-5756 www.mutualmarine.bc.ca info@mutualmarine.bc.ca
Class
Net Prems Written
Marine...................................... 6,070,000 ——————— Total 2011................................ 6,070,000 Total 2010................................ 5,916,000 Total 2009................................ 6,070,000 Total 2008................................ 8,268,000 Total 2007................................ 5,959,000
Net Prems Earned
6,161,000 ——————— 6,161,000 5,927,000 5,986,000 6,279,000 5,949,000
Net Claims Incurred
983,000 ——————— 983,000 647,000 574,000 359,000 741,000
Claims Ratio
15.96 ————— 15.96 10.92 9.59 5.72 12.46
2011 Direct Premiums Written: +6,670,000 2011 Underwriting Performance Summary
Reinsurance Assumed........................................... Reinsurance Ceded................................... 600,000 Net Premiums Written............................ 6,070,000 Net Premiums Earned............................ 6,161,000 Net Claims & Adj Exp................................ 983,000 Commissions.......................................................... Taxes...................................................................... General Expenses..................................... 937,000 Undwrwtg. Profit/Loss........................... 4,241,000 Investment Income.................................... 450,000
Underwriting Result 2011: 2008:
+$4,241,000 +$4,695,000
2010: 2007:
Growth: –3.92% %
Growth Rate (NPW)..................................... 2.60 % of Market (NPW)..................................... 0.02 Earned Loss Ratio..................................... 15.96 Total Expense Ratio.................................... 0.00 Combined Loss & Exp. Ratio...................... 0.00 Return on Equity....................................... 66.60
+$4,430,000 +$4,202,000
2009:
PAFCO INSURANCE COMPANY
J.R.(Bob) Tisdale, President & C.O.O. 27 Allstate Parkway, Suite 100 Markham ON L3R 5P8 905-477-6900 Fax: 905-475-4991 www.pafco.ca
Class
Net Prems Written
Auto. - Liability........................ 54,755,000 Auto. - Pers. Acc..................... 27,534,000 Auto. - Other............................ 17,031,000 Auto - Total ............................ 99,320,000 ——————— Total 2011................................ 99,320,000 Total 2010................................ 77,415,000 Total 2009................................ 54,897,000 Total 2008................................ 53,432,000 Total 2007................................ 79,875,000
Net Prems Earned
49,758,000 22,594,000 16,287,000 88,639,000 ——————— 88,639,000 64,365,000 51,709,000 59,082,000 95,313,000
Net Claims Incurred
24,811,000 18,148,000 8,306,000 51,265,000 ——————— 51,265,000 39,274,000 20,973,000 29,108,000 56,992,000
Claims Ratio
49.86 80.32 51.00 57.84 ————— 57.84 61.02 40.56 49.27 59.79
2011 Direct Premiums Written: +100,686,000 2011 Underwriting Performance Summary
Reinsurance Assumed........................................... Reinsurance Ceded................................ 1,366,000 Net Premiums Written.......................... 99,320,000 Net Premiums Earned.......................... 88,639,000 Net Claims & Adj Exp........................... 51,265,000 Commissions........................................ 13,453,000 Taxes...................................................... 2,870,000 General Expenses.................................. 9,570,000 Undwrwtg. Profit/Loss......................... 14,377,000 Investment Income................................. 8,739,000
Underwriting Result 2011: 2008:
+$14,377,000 +$11,067,000
2010: 2007:
%
Growth Rate (NPW)................................... 28.30 % of Market (NPW)..................................... 0.25 Earned Loss Ratio..................................... 57.84 Total Expense Ratio.................................. 29.21 Combined Loss & Exp. Ratio.................... 87.05 Return on Equity....................................... 19.04
+$7,455,000 +$11,230,000
2009:
J.R.(Bob) Tisdale, President & C.O.O. 27 Allstate Parkway, Suite 100 Markham ON L3R 5P8 905-477-6900 Fax: 905-475-4991 www.pembridge.com
Net Prems Written
Net Prems Earned
Prop. - Personal...................... 32,274,000 30,948,000 Prop. - Commercial................. Prop - Total ............................ 32,274,000 30,948,000 Auto. - Liability........................ 59,732,000 55,444,000 Auto. - Pers. Acc..................... 31,865,000 28,937,000 Auto. - Other............................ 31,147,000 30,299,000 Auto - Total ............................ 122,744,000 114,680,000 Liability.................................... Accident & Sickness................ ——————— ——————— Total 2011................................ 155,018,000 145,628,000 Total 2010................................ 136,395,000 120,733,000 Total 2009................................ 109,367,000 109,947,000 Total 2008................................ 114,669,000 106,105,000 Total 2007................................ 96,585,000 91,638,000
98
2012 Stat Issue Cdn Underwriters.indd 98
Net Claims Incurred
20,045,000 8,000 20,053,000 46,848,000 17,180,000 18,236,000 82,264,000 –35,000 –3,000 ——————— 102,279,000 83,778,000 78,852,000 83,811,000 63,828,000
Claims Ratio
64.77 0.00 64.80 84.50 59.37 60.19 71.73 0.00 0.00 ————— 70.23 69.39 71.72 78.99 69.65
2011 Direct Premiums Written: +157,278,000 2011 Underwriting Performance Summary
Reinsurance Assumed........................................... Reinsurance Ceded................................ 2,260,000 Net Premiums Written........................ 155,018,000 Net Premiums Earned........................ 145,628,000 Net Claims & Adj Exp......................... 102,279,000 Commissions........................................ 24,345,000 Taxes...................................................... 4,763,000 General Expenses................................ 18,826,000 Undwrwtg. Profit/Loss......................... –1,065,000 Investment Income................................. 3,330,000
Underwriting Result 2011: 2008:
–$1,065,000 –$12,461,000
2010: 2007:
B-C
Growth: 28.29%
PEMBRIDGE INSURANCE COMPANY
Class
+$4,328,000
+$14,238,000
B-C
Growth: 13.93% %
Growth Rate (NPW)................................... 13.65 % of Market (NPW)..................................... 0.39 Earned Loss Ratio..................................... 70.23 Total Expense Ratio.................................. 32.92 Combined Loss & Exp. Ratio.................. 103.15 Return on Equity......................................... 1.30
–$1,825,000 –$4,356,000
2009:
–$3,500,000
canadianunderwriter.ca CANADIAN UNDERWRITER STATISTICAL ISSUE 2012
12-05-25 9:21 AM
THE PORTAGE LA PRAIRIE MUTUAL INSURANCE CO. B-C John G Mitchell, President & Chief Executive Officer PO Box 340 Portage La Prairie MB R1N 3B8 204-857-3415 Fax: 204-239-6655 www.portagemutual.com
Class
Net Prems Written
Prop. - Personal...................... 75,858,000 Prop. - Commercial................. 6,433,000 Prop - Total ............................ 82,291,000 Auto. - Liability........................ 41,559,000 Auto. - Pers. Acc..................... 16,852,000 Auto. - Other............................ 35,960,000 Auto - Total ............................ 94,371,000 Liability.................................... 7,221,000 ——————— Total 2011................................ 183,883,000 Total 2010................................ 165,777,000 Total 2009................................ 149,329,000 Total 2008................................ 134,369,000 Total 2007................................ 121,810,000
Net Prems Earned
70,570,000 6,064,000 76,634,000 40,782,000 16,390,000 34,473,000 91,645,000 6,971,000 ——————— 175,250,000 157,524,000 140,339,000 127,791,000 118,619,000
Net Claims Incurred
48,479,000 2,565,000 51,044,000 33,997,000 13,818,000 23,572,000 71,387,000 3,816,000 ——————— 126,247,000 119,255,000 88,136,000 79,728,000 77,166,000
Claims Ratio
68.70 42.30 66.61 83.36 84.31 68.38 77.90 54.74 ————— 72.04 75.71 62.80 62.39 65.05
2011 Direct Premiums Written: +203,999,000 2011 Underwriting Performance Summary
Reinsurance Assumed........................................... Reinsurance Ceded.............................. 20,116,000 Net Premiums Written........................ 183,883,000 Net Premiums Earned........................ 175,250,000 Net Claims & Adj Exp......................... 126,247,000 Commissions........................................ 35,557,000 Taxes...................................................... 7,861,000 General Expenses................................ 24,558,000 Undwrwtg. Profit/Loss....................... –15,640,000 Investment Income................................. 9,688,000
Underwriting Result 2011: 2008:
–$15,640,000 +$5,015,000
2010: 2007:
Growth: 8.15% %
Growth Rate (NPW)................................... 10.92 % of Market (NPW)..................................... 0.46 Earned Loss Ratio..................................... 72.04 Total Expense Ratio.................................. 38.79 Combined Loss & Exp. Ratio.................. 110.83 Return on Equity....................................... –2.52
–$13,118,000 +$6,000
2009:
+$2,434,000
RBC GENERAL INSURANCE COMPANY
Rino D’Onofrio, President & Chief Executive Officer 6880 Financial Dr West Tower Mississauga ON L5N 7Y5 905-606-1113 Fax: 905-813-4850 www.rbcinsurance.com
Class
Net Prems Written
Prop. - Personal...................... 109,737,000 Prop - Total ............................ 109,737,000 Auto. - Liability........................ 168,319,000 Auto. - Pers. Acc..................... 151,543,000 Auto. - Other............................ 97,134,000 Auto - Total ............................ 416,996,000 Liability.................................... 2,104,000 Accident & Sickness................ ——————— Total 2011................................ 528,837,000 Total 2010................................ 476,188,000 Total 2009................................ 384,390,000 Total 2008................................ 325,767,000 Total 2007................................ 350,966,000
Net Prems Earned
102,934,000 102,934,000 162,228,000 131,467,000 102,089,000 395,784,000 2,099,000 –50,000 ——————— 500,767,000 422,762,000 378,899,000 310,425,000 331,449,000
Net Claims Incurred
84,083,000 84,083,000 119,518,000 122,994,000 56,192,000 298,704,000 –32,000 238,000 ——————— 382,993,000 393,060,000 316,981,000 228,750,000 228,240,000
Claims Ratio
81.69 81.69 73.67 93.56 55.04 75.47 –1.52 –476.00 ————— 76.48 92.97 83.66 73.69 68.86
2011 Direct Premiums Written: +535,032,000 2011 Underwriting Performance Summary
Reinsurance Assumed.............................. –50,000 Reinsurance Ceded................................ 6,195,000 Net Premiums Written........................ 528,837,000 Net Premiums Earned........................ 500,767,000 Net Claims & Adj Exp......................... 382,993,000 Commissions.......................................................... Taxes.................................................... 16,055,000 General Expenses.............................. 106,368,000 Undwrwtg. Profit/Loss......................... –6,440,000 Investment Income............................... 35,735,000
Underwriting Result 2011: 2008:
–$6,440,000 +$9,862,000
2010: 2007:
Growth: 11.75% %
Growth Rate (NPW)................................... 11.06 % of Market (NPW)..................................... 1.32 Earned Loss Ratio..................................... 76.48 Total Expense Ratio.................................... 0.00 Combined Loss & Exp. Ratio...................... 0.00 Return on Equity......................................... 8.45
–$89,994,000 +$30,463,000
2009:
RBC INSURANCE COMPANY OF CANADA
–$48,979,000
Rino D’Onofrio, President & Chief Executive Officer 6880 Financial Dr., West Tower Mississauga ON L5N 7Y5 905-606-1113 Fax: 905-813-4850 www.rbcinsurance.com
Class
Net Prems Written
Prop. - Personal...................... 44,006,000 Prop - Total ............................ 44,006,000 Auto. - Liability........................ 51,505,000 Auto. - Pers. Acc..................... 41,363,000 Auto. - Other............................ 28,215,000 Auto - Total ............................ 121,083,000 Accident & Sickness................ 238,799,000 ——————— Total 2011................................ 403,888,000 Total 2010................................ 361,683,000 Total 2009................................ 310,394,000 Total 2008................................ 201,588,000 Total 2007................................ 240,332,000
Net Prems Earned
41,276,000 41,276,000 45,213,000 34,572,000 27,208,000 106,993,000 237,374,000 ——————— 385,643,000 338,006,000 276,059,000 202,444,000 240,799,000
Net Claims Incurred
28,312,000 28,312,000 37,437,000 42,024,000 18,163,000 97,624,000 92,595,000 ——————— 218,531,000 183,101,000 136,567,000 70,471,000 90,267,000
Claims Ratio
68.59 68.59 82.80 121.56 66.76 91.24 39.01 ————— 56.67 54.17 49.47 34.81 37.49
2011 Direct Premiums Written: +378,375,000 2011 Underwriting Performance Summary
Reinsurance Assumed......................... 27,741,000 Reinsurance Ceded................................ 2,228,000 Net Premiums Written........................ 403,888,000 Net Premiums Earned........................ 385,643,000 Net Claims & Adj Exp......................... 218,531,000 Commissions........................................ 87,448,000 Taxes...................................................... 9,404,000 General Expenses................................ 80,774,000 Undwrwtg. Profit/Loss....................... –10,514,000 Investment Income................................. 9,184,000
Underwriting Result 2011: 2008:
CANADIAN UNDERWRITER STATISTICAL ISSUE 2012
2012 Stat Issue Cdn Underwriters.indd 99
–$10,514,000 +$26,136,000
2010: 2007:
D-C
D-C
Growth: 11.54% %
Growth Rate (NPW)................................... 11.67 % of Market (NPW)..................................... 1.01 Earned Loss Ratio..................................... 56.67 Total Expense Ratio.................................. 46.06 Combined Loss & Exp. Ratio.................. 102.73 Return on Equity......................................... 1.37
–$9,698,000 +$20,207,000
2009:
+$1,556,000
99
12-05-25 9:21 AM
RED RIVER MUTUAL
Class
Net Prems Written
Prop. - Personal...................... 43,582,000 Prop. - Commercial................. 18,596,000 Prop - Total ............................ 62,178,000 Liability.................................... 2,559,000 ——————— Total 2011................................ 64,737,000 Total 2010................................ 57,144,000 Total 2009................................ 50,542,000 Total 2008................................ 45,244,000 Total 2007................................ 41,578,000
Net Prems Earned
40,737,000 17,564,000 58,301,000 2,450,000 ——————— 60,751,000 53,604,000 47,848,000 43,001,000 40,564,000
Net Claims Incurred
25,047,000 12,620,000 37,667,000 549,000 ——————— 38,216,000 33,583,000 27,819,000 22,333,000 20,955,000
Claims Ratio
61.48 71.85 64.61 22.41 ————— 62.91 62.65 58.14 51.94 51.66
2011 Direct Premiums Written: +70,391,000 2011 Underwriting Performance Summary
Reinsurance Assumed................................ 31,000 Reinsurance Ceded................................ 5,685,000 Net Premiums Written.......................... 64,737,000 Net Premiums Earned.......................... 60,751,000 Net Claims & Adj Exp........................... 38,216,000 Commissions........................................ 14,476,000 Taxes...................................................... 2,835,000 General Expenses.................................. 7,038,000 Undwrwtg. Profit/Loss......................... –1,096,000 Investment Income................................. 1,308,000
Underwriting Result 2011: 2008:
–$1,096,000 +$3,243,000
RSA CANADA GROUP ROYAL & SUN ALLIANCE INSURANCE COMPANY OF CANADA QUEBEC ASSURANCE COMPANY WESTERN ASSURANCE COMPANY UNIFUND ASSURANCE COMPANY ASCENTUS INSURANCE LTD. CANADIAN NORTHERN SHIELD INSURANCE COMPANY GCAN INSURANCE COMPANY Class
Prop. - Personal...................... Prop. - Commercial................. Prop - Total ............................ Aircraft..................................... Auto. - Liability........................ Auto. - Pers. Acc..................... Auto. - Other............................ Auto - Total ............................ Boiler & Machinery.................. Fidelity..................................... Liability.................................... Other Apprvd. Prod................. Surety...................................... Marine...................................... Accident & Sickness................ Total 2011................................ Total 2010................................ Total 2009................................ Total 2008................................ Total 2007................................
Net Prems Written
459,951,000 333,075,000 793,026,000 –642,000 538,232,000 272,766,000 379,089,000 1,190,087,000 48,668,000 2,082,000 203,793,000 4,000 80,000 30,070,000 92,851,000 ——————— 2,360,019,000 1,981,181,000 1,820,486,000 1,732,533,000 1,503,736,000
Net Prems Earned
Net Claims Incurred
425,464,000 305,209,000 304,119,000 193,741,000 729,583,000 498,950,000 508,000 217,000 526,931,000 361,538,000 261,411,000 228,448,000 366,913,000 209,093,000 1,155,255,000 799,079,000 45,667,000 28,354,000 2,008,000 697,000 204,853,000 122,306,000 4,000 88,000 11,000 34,051,000 18,107,000 87,958,000 47,915,000 ——————— ——————— 2,259,975,000 1,515,636,000 1,879,987,000 1,228,091,000 1,762,502,000 1,186,595,000 1,693,620,000 1,181,151,000 1,443,015,000 894,464,000
Claims Ratio
71.74 63.71 68.39 42.72 68.61 87.39 56.99 69.17 62.09 34.71 59.70 12.50 53.18 54.47 ————— 67.06 65.32 67.32 69.74 61.99
Brian Esau, President & Chief Executive Officer 245 Centre Ave. E., Altona MB R0G 0B0 204-324-6434 Fax: 204-324-1952 www.redrivermutual.com info@redrivermutual.com
2010: 2007:
Growth: 11.95% %
Growth Rate (NPW)................................... 13.29 % of Market (NPW)..................................... 0.16 Earned Loss Ratio..................................... 62.91 Total Expense Ratio.................................. 40.08 Combined Loss & Exp. Ratio.................. 102.99 Return on Equity......................................... 0.53
–$1,286,000 +$3,872,000
2009:
Rowan Saunders, President & C.E.O. 18 York St Toronto ON M5J 0B2 416-366-7511 Fax: 416-367-9869 www.rsagroup.ca
2011 Direct Premiums Written: +2,538,887,000 2011 Underwriting Performance Summary
Reinsurance Assumed........................... 6,479,000 Reinsurance Ceded............................ 198,518,000 Net Premiums Written..................... 2,360,019,000 Net Premiums Earned..................... 2,259,975,000 Net Claims & Adj Exp...................... 1,515,636,000 Commissions...................................... 284,339,000 Taxes.................................................... 82,105,000 General Expenses.............................. 294,810,000 Undwrwtg. Profit/Loss......................... 83,085,000 Investment Income............................. 181,704,000
Underwriting Result 2011: 2008:
+$83,085,000 +$19,580,000
2010: 2007:
B-C
+$970,000
B-UK
Growth: 21.42% %
Growth Rate (NPW)................................... 19.12 % of Market (NPW)..................................... 5.90 Earned Loss Ratio..................................... 67.06 Total Expense Ratio.................................. 29.26 Combined Loss & Exp. Ratio.................... 96.32 Return on Equity....................................... 10.30
+$110,296,000 +$118,829,000
2009:
+$54,022,000
SASKATCHEWAN MUTUAL INSURANCE COMPANY B-C L. M. Wiebe, President & C.E.O. 279-3rd Ave. N., Saskatoon SK S7K 2H8 306-653-4232 Fax: 306-653-3260 www.saskmutual.com headoffice@saskmutual.com
Class
Net Prems Written
Prop. - Personal...................... 25,771,000 Prop. - Commercial................. 7,514,000 Prop - Total ............................ 33,285,000 Auto. - Liability........................ 2,066,000 Auto. - Pers. Acc..................... 315,000 Auto. - Other............................ 6,935,000 Auto - Total ............................ 9,316,000 Fidelity..................................... 23,000 Liability.................................... 4,884,000 ——————— Total 2011................................ 47,508,000 Total 2010................................ 43,012,000 Total 2009................................ 40,611,000 Total 2008................................ 35,435,000 Total 2007................................ 33,376,000
100
2012 Stat Issue Cdn Underwriters.indd 100
Net Prems Earned
23,589,000 7,347,000 30,936,000 1,990,000 301,000 6,678,000 8,969,000 30,000 4,862,000 ——————— 44,797,000 41,287,000 37,719,000 34,521,000 31,673,000
Net Claims Incurred
16,591,000 3,326,000 19,917,000 –134,000 86,000 4,061,000 4,013,000 4,000 1,097,000 ——————— 25,031,000 26,100,000 19,359,000 19,742,000 17,442,000
Claims Ratio
70.33 45.27 64.38 –6.73 28.57 60.81 44.74 13.33 22.56 ————— 55.88 63.22 51.32 57.19 55.07
2011 Direct Premiums Written: +50,507,000 2011 Underwriting Performance Summary
Reinsurance Assumed........................................... Reinsurance Ceded................................ 2,999,000 Net Premiums Written.......................... 47,508,000 Net Premiums Earned.......................... 44,797,000 Net Claims & Adj Exp........................... 25,031,000 Commissions.......................................... 9,567,000 Taxes...................................................... 2,105,000 General Expenses.................................. 6,749,000 Undwrwtg. Profit/Loss........................... 1,674,000 Investment Income................................. 4,239,000
Underwriting Result 2011: 2008:
+$1,674,000 +$954,000
2010: 2007:
Growth: 10.94% %
Growth Rate (NPW)................................... 10.45 % of Market (NPW)..................................... 0.12 Earned Loss Ratio..................................... 55.88 Total Expense Ratio.................................. 41.12 Combined Loss & Exp. Ratio.................... 97.00 Return on Equity....................................... 13.60
–$1,313,000 +$1,710,000
2009:
+$2,628,000
canadianunderwriter.ca CANADIAN UNDERWRITER STATISTICAL ISSUE 2012
12-05-25 9:21 AM
WE’RE BIG ON PARTNERSHIP
The expertise and support of our broker partners have helped RSA become one of the world’s leading commercial insurance providers. Together, we’ve tailored solutions for large, complex, national and multinational risks, while proudly underwriting diversified businesses the world over – even those requiring significant technical expertise. From manufacturing to mining, from North America to Asia, let our team of experts help you deliver the customized coverage and flexible terms your customers need to keep them moving forward. With over 300 years of experience, RSA is an established ‘A+’ rated insurer offering a complete suite of insurance solutions from small businesses to multi-national organizations through a network of independent brokers. If yOu’RE BIG ON PARTNERSHIP, PARTNER WITH RSA INSuRANcE.
LARGE cOMMERcIAL & SPEcIALITy INSuRANcE
| rsabroker.ca
©2012. RSA is a registered trade name of Royal & Sun Alliance Insurance company of canada. “RSA” and the RSA logo are trademarks used under license from RSA Insurance Group plc. ‘A+’ rated by Standard & Poor’s. ‘A’ rated by Moody’s and AM Best.
2012 Stat Issue Cdn Underwriters.indd 101
12-05-25 9:21 AM
SECURITY INSURANCE COMPANY OF HARTFORD D-US Colleen Sexsmith, Chief Agent 1145 Nicholson Rd., Unit 2 Newmarket ON L3Y 9C3
Class
Net Prems Written
Net Prems Earned
Prop. - Commercial................. Prop - Total ............................ 0 0 Liability.................................... ——————— ——————— Total 2011................................ 0 0 Total 2010................................ 0 0 Total 2009................................ 133,000 133,000 Total 2008................................ 0 10,000 Total 2007................................ 12,000 93,000
Net Claims Incurred
–2,000 –2,000 200,000 ——————— 198,000 –5,785,000 –3,081,000 5,900,000 5,778,000
Claims Ratio
0.00 0.00 ————— –2,316.54 59,000.00 6,212.90
2011 Underwriting Performance Summary
Reinsurance Assumed........................................... Reinsurance Ceded................................................ Net Premiums Written.......................................... 0 Net Premiums Earned.......................................... 0 Net Claims & Adj Exp................................ 198,000 Commissions.......................................................... Taxes...................................................................... General Expenses..................................... 277,000 Undwrwtg. Profit/Loss............................ –475,000 Investment Income................................. 2,514,000
Underwriting Result 2011: 2008:
–$475,000 –$6,224,000
SGI CANADA GROUP COACHMAN INSURANCE COMPANY INSURANCE COMPANY OF PRINCE EDWARD ISLAND SGI CANADA INSURANCE SERVICES LTD
Class
Net Prems Written
Prop. - Personal...................... 179,928,000 Prop. - Commercial................. 37,790,000 Prop - Total ............................ 217,718,000 Aircraft..................................... 69,000 Auto. - Liability........................ 73,056,000 Auto. - Pers. Acc..................... 29,033,000 Auto. - Other............................ 116,422,000 Auto - Total ............................ 218,511,000 Boiler & Machinery.................. 173,000 Fidelity..................................... 394,000 Liability.................................... 37,645,000 Surety...................................... 1,956,000 Accident & Sickness................ 22,000 ——————— Total 2011................................ 476,488,000 Total 2010................................ 434,508,000 Total 2009................................ 398,026,000 Total 2008................................ 356,499,000 Total 2007................................ 321,684,000
Net Prems Earned
Net Claims Incurred
173,063,000 131,290,000 36,658,000 18,142,000 209,721,000 149,432,000 72,000 –2,000 68,701,000 34,424,000 25,136,000 25,427,000 110,825,000 70,048,000 204,662,000 129,899,000 176,000 53,000 403,000 44,000 36,563,000 14,457,000 1,886,000 55,000 23,000 ——————— ——————— 453,506,000 293,938,000 411,259,000 247,867,000 374,260,000 196,280,000 338,595,000 183,532,000 308,956,000 190,331,000
Claims Ratio
75.86 49.49 71.25 –2.78 50.11 101.16 63.21 63.47 30.11 10.92 39.54 2.92 ————— 64.81 60.27 52.44 54.20 61.60
2010: 2007:
%
Growth Rate (NPW)..................................... 0.00 % of Market (NPW)..................................... 0.00 Earned Loss Ratio....................................... 0.00 Total Expense Ratio.................................... 0.00 Combined Loss & Exp. Ratio...................... 0.00 Return on Equity......................................... 3.42
+$5,508,000 –$6,054,000
2009:
B-C
Andrew Cartmell, President 2260 11th Avenue Regina SK S4P 0J9 306-751-1200 Fax: 306-565-8666 www.sgi.sk.ca
2011 Direct Premiums Written: +514,946,000 2011 Underwriting Performance Summary
Reinsurance Assumed........................................... Reinsurance Ceded.............................. 38,458,000 Net Premiums Written........................ 476,488,000 Net Premiums Earned........................ 453,506,000 Net Claims & Adj Exp......................... 293,938,000 Commissions........................................ 97,021,000 Taxes.................................................... 21,160,000 General Expenses................................ 55,122,000 Undwrwtg. Profit/Loss......................... –8,491,000 Investment Income................................. 9,567,000
Underwriting Result 2011: 2008:
–$8,491,000 +$22,798,000
2010: 2007:
Growth: 9.91% %
Growth Rate (NPW)..................................... 9.66 % of Market (NPW)..................................... 1.19 Earned Loss Ratio..................................... 64.81 Total Expense Ratio.................................. 38.21 Combined Loss & Exp. Ratio.................. 103.02 Return on Equity......................................... 0.17
+$6,187,000 –$778,000
2009:
COACHMAN INSURANCE COMPANY
William Breckles, Chief Operating Officer 802 The Queensway Toronto ON M8Z 1N5 416-255-3417
Class
Net Prems Written
Prop. - Personal...................... 8,378,000 Prop. - Commercial................. 2,366,000 Prop - Total ............................ 10,744,000 Auto. - Liability........................ 25,561,000 Auto. - Pers. Acc..................... 19,038,000 Auto. - Other............................ 6,159,000 Auto - Total ............................ 50,758,000 Boiler & Machinery.................. –1,000 Fidelity..................................... 27,000 Liability.................................... 2,274,000 Surety...................................... 30,000 ——————— Total 2011................................ 63,832,000 Total 2010................................ 45,502,000 Total 2009................................ 29,710,000 Total 2008................................ 24,068,000 Total 2007................................ 23,499,000
102
2012 Stat Issue Cdn Underwriters.indd 102
Net Prems Earned
Net Claims Incurred
8,149,000 5,634,000 2,215,000 2,059,000 10,364,000 7,693,000 21,897,000 13,279,000 15,286,000 12,817,000 5,530,000 3,744,000 42,713,000 29,840,000 –1,000 –3,000 23,000 2,000 2,219,000 2,462,000 38,000 ——————— ——————— 55,356,000 39,994,000 36,331,000 27,567,000 25,736,000 22,029,000 23,525,000 13,380,000 23,177,000 13,072,000
Claims Ratio
69.14 92.96 74.23 60.64 83.85 67.70 69.86 300.00 8.70 110.95 ————— 72.25 75.88 85.60 56.88 56.40
2011 Direct Premiums Written: +69,548,000 2011 Underwriting Performance Summary
Reinsurance Assumed........................................... Reinsurance Ceded................................ 5,716,000 Net Premiums Written.......................... 63,832,000 Net Premiums Earned.......................... 55,356,000 Net Claims & Adj Exp........................... 39,994,000 Commissions.......................................... 9,503,000 Taxes...................................................... 1,878,000 General Expenses.................................. 4,033,000 Undwrwtg. Profit/Loss.............................. 532,000 Investment Income................................. 3,855,000
Underwriting Result 2011: 2008:
+$532,000 +$1,858,000
2010: 2007:
+$2,915,000
+$30,116,000
B-C
Growth: 42.41% %
Growth Rate (NPW)................................... 40.28 % of Market (NPW)..................................... 0.16 Earned Loss Ratio..................................... 72.25 Total Expense Ratio.................................. 27.85 Combined Loss & Exp. Ratio.................. 100.10 Return on Equity......................................... 7.09
–$3,038,000 +$2,329,000
2009:
–$5,462,000
canadianunderwriter.ca CANADIAN UNDERWRITER STATISTICAL ISSUE 2012
12-05-25 9:21 AM
THE INSURANCE COMPANY OF Charles Cooke, President PRINCE EDWARD ISLAND PO Box 1120
B-C
14 Great George St Charlottetown PE C1A 7M8 902-368-3675
Class
Net Prems Written
Net Prems Earned
Net Claims Incurred
Prop. - Personal...................... 3,632,000 3,546,000 4,188,000 Prop. - Commercial................. 1,832,000 1,628,000 919,000 Prop - Total ............................ 5,464,000 5,174,000 5,107,000 Auto. - Liability........................ 8,325,000 8,147,000 4,599,000 Auto. - Pers. Acc..................... 1,833,000 1,826,000 1,904,000 Auto. - Other............................ 5,988,000 5,783,000 3,178,000 Auto - Total ............................ 16,146,000 15,756,000 9,681,000 Boiler & Machinery.................. 2,000 Fidelity..................................... 14,000 13,000 Liability.................................... 1,430,000 1,359,000 795,000 Surety...................................... 21,000 22,000 1,000 ——————— ——————— ——————— Total 2011................................ 23,075,000 22,324,000 15,586,000 Total 2010................................ 22,137,000 20,648,000 10,903,000 Total 2009................................ 19,031,000 17,000,000 10,233,000 Total 2008................................ 15,016,000 13,166,000 7,522,000 Total 2007................................ 11,323,000 10,132,000 5,465,000
Claims Ratio
118.10 56.45 98.71 56.45 104.27 54.95 61.44 0.00 58.50 4.55 ————— 69.82 52.80 60.19 57.13 53.94
2011 Direct Premiums Written: +24,796,000 2011 Underwriting Performance Summary
Reinsurance Assumed........................................... Reinsurance Ceded................................ 1,721,000 Net Premiums Written.......................... 23,075,000 Net Premiums Earned.......................... 22,324,000 Net Claims & Adj Exp........................... 15,586,000 Commissions.......................................... 4,023,000 Taxes......................................................... 931,000 General Expenses.................................. 3,231,000 Undwrwtg. Profit/Loss......................... –1,211,000 Investment Income.................................... 865,000
Underwriting Result 2011: 2008:
–$1,211,000 –$314,000
2010: 2007:
Growth: 5.36% %
Growth Rate (NPW)..................................... 4.24 % of Market (NPW)..................................... 0.06 Earned Loss Ratio..................................... 69.82 Total Expense Ratio.................................. 36.66 Combined Loss & Exp. Ratio.................. 106.48 Return on Equity......................................... 2.41
+$1,767,000 +$418,000
2009:
SGI CANADA INSURANCE SERVICES LTD.
B-C
Andrew Cartmell, President 2260 11th Avenue Regina SK S4P 0J9 306-751-1200 Fax: 306-565-8666
Class
Net Prems Written
Prop. - Personal...................... 30,157,000 Prop. - Commercial................. 9,209,000 Prop - Total ............................ 39,366,000 Auto. - Liability........................ 44,654,000 Auto. - Pers. Acc..................... 21,885,000 Auto. - Other............................ 25,199,000 Auto - Total ............................ 91,738,000 Boiler & Machinery.................. 23,000 Fidelity..................................... 64,000 Liability.................................... 9,299,000 Surety...................................... 160,000 ——————— Total 2011................................ 140,650,000 Total 2010................................ 48,749,000 Total 2009................................ 42,755,000 Total 2008................................ 33,636,000 Total 2007................................ 21,970,000
Net Prems Earned
29,090,000 8,601,000 37,691,000 40,267,000 18,112,000 23,301,000 81,680,000 24,000 59,000 8,883,000 167,000 ——————— 128,504,000 45,400,000 37,803,000 28,031,000 18,264,000
Net Claims Incurred
26,426,000 5,774,000 32,200,000 25,537,000 15,892,000 13,821,000 55,250,000 –1,000 3,000 4,438,000 1,000 ——————— 91,891,000 28,258,000 20,835,000 22,563,000 11,473,000
Claims Ratio
90.84 67.13 85.43 63.42 87.74 59.32 67.64 –4.17 5.08 49.96 0.60 ————— 71.51 62.24 55.11 80.49 62.82
2011 Direct Premiums Written: +152,161,000 2011 Underwriting Performance Summary
Reinsurance Assumed........................................... Reinsurance Ceded.............................. 11,511,000 Net Premiums Written........................ 140,650,000 Net Premiums Earned........................ 128,504,000 Net Claims & Adj Exp........................... 91,891,000 Commissions........................................ 23,833,000 Taxes...................................................... 4,595,000 General Expenses................................ 13,163,000 Undwrwtg. Profit/Loss......................... –3,740,000 Investment Income................................. 5,532,000
Underwriting Result 2011: 2008:
–$3,740,000 –$5,762,000
2010: 2007:
Growth: 193.22% %
Growth Rate (NPW)................................. 188.52 % of Market (NPW)..................................... 0.35 Earned Loss Ratio..................................... 71.51 Total Expense Ratio.................................. 32.37 Combined Loss & Exp. Ratio.................. 103.88 Return on Equity......................................... 1.26
+$1,057,000 –$1,026,000
2009:
SOMPO JAPAN INSURANCE INC.
Bruce Walker, Chief Agent In Canada 1400 - 25 York Street Toronto ON M5J 2V5 416-594-2590 Fax: 416-594-3000
Class
Net Prems Written
Prop. - Commercial................. 2,468,000 Prop - Total ............................ 2,468,000 Auto. - Liability........................ 687,000 Auto. - Other............................ 282,000 Auto - Total ............................ 969,000 Boiler & Machinery.................. 55,000 Fidelity..................................... 49,000 Liability.................................... 1,211,000 Surety...................................... 3,000 Marine...................................... 348,000 ——————— Total 2011................................ 5,103,000 Total 2010................................ 5,968,000 Total 2009................................ 4,891,000 Total 2008................................ 4,655,000 Total 2007................................ 5,216,000
Net Prems Earned
Net Claims Incurred
3,140,000 581,000 3,140,000 581,000 698,000 139,000 292,000 281,000 990,000 420,000 51,000 152,000 49,000 –1,000 1,238,000 398,000 16,000 406,000 –26,000 ——————— ——————— 5,890,000 1,524,000 5,053,000 4,827,000 4,665,000 2,273,000 4,951,000 1,294,000 4,981,000 1,863,000
CANADIAN UNDERWRITER STATISTICAL ISSUE 2012
2012 Stat Issue Cdn Underwriters.indd 103
Claims Ratio
18.50 18.50 19.91 96.23 42.42 298.04 –2.04 32.15 –6.40 ————— 25.87 95.53 48.72 26.14 37.40
2011 Direct Premiums Written: +4,525,000 2011 Underwriting Performance Summary
Reinsurance Assumed........................... 1,086,000 Reinsurance Ceded................................... 508,000 Net Premiums Written............................ 5,103,000 Net Premiums Earned............................ 5,890,000 Net Claims & Adj Exp............................. 1,524,000 Commissions............................................. 859,000 Taxes......................................................... 175,000 General Expenses.................................. 1,146,000 Undwrwtg. Profit/Loss........................... 2,186,000 Investment Income.................................... 668,000
Underwriting Result 2011: 2008:
+$2,186,000 +$1,781,000
2010: 2007:
–$903,000
+$2,708,000
D-F
Growth: –15.83% %
Growth Rate (NPW)................................. –14.49 % of Market (NPW)..................................... 0.01 Earned Loss Ratio..................................... 25.87 Total Expense Ratio.................................. 37.01 Combined Loss & Exp. Ratio.................... 62.88 Return on Equity......................................... 6.31
–$1,796,000 +$1,424,000
2009:
+$461,000
103
12-05-25 9:21 AM
THE SOVEREIGN GENERAL INSURANCE COMPANY B-C Kathy Bardswick, President & Chief Executive Officer 130 MacDonell St PO Box 3608 Guelph ON N1H 6P8 519-767-3082 Fax: 519-824-0599
Class
Net Prems Written
Prop. - Personal...................... 26,724,000 Prop. - Commercial................. 100,615,000 Prop - Total ............................ 127,339,000 Auto. - Liability........................ 22,543,000 Auto. - Pers. Acc..................... 4,770,000 Auto. - Other............................ 12,922,000 Auto - Total ............................ 40,235,000 Boiler & Machinery.................. Fidelity..................................... 517,000 Liability.................................... 63,491,000 Surety...................................... 9,034,000 Marine...................................... 12,914,000 Accident & Sickness................ 1,000 ——————— Total 2011................................ 253,531,000 Total 2010................................ 227,385,000 Total 2009................................ 206,993,000 Total 2008................................ 193,926,000 Total 2007................................ 175,280,000
Net Prems Earned
Net Claims Incurred
26,580,000 12,130,000 90,313,000 53,144,000 116,893,000 65,274,000 21,093,000 8,873,000 4,946,000 6,483,000 11,767,000 7,616,000 37,806,000 22,972,000 –4,000 495,000 112,000 60,379,000 24,722,000 8,181,000 1,556,000 10,069,000 5,136,000 1,000 ——————— ——————— 233,820,000 119,772,000 212,497,000 117,236,000 191,675,000 117,742,000 181,927,000 108,610,000 173,623,000 106,741,000
Claims Ratio
45.64 58.84 55.84 42.07 131.08 64.72 60.76 22.63 40.94 19.02 51.01 ————— 51.22 55.17 61.43 59.70 61.48
2011 Direct Premiums Written: +283,560,000 2011 Underwriting Performance Summary
Reinsurance Assumed........................... 3,286,000 Reinsurance Ceded.............................. 33,397,000 Net Premiums Written........................ 253,531,000 Net Premiums Earned........................ 233,820,000 Net Claims & Adj Exp......................... 119,772,000 Commissions........................................ 58,025,000 Taxes...................................................... 9,734,000 General Expenses................................ 29,770,000 Undwrwtg. Profit/Loss......................... 17,440,000 Investment Income............................... 18,364,000
Underwriting Result 2011:
+$17,440,000
2010:
Growth: 1.44% %
Growth Rate (NPW)................................... 11.50 % of Market (NPW)..................................... 0.63 Earned Loss Ratio..................................... 51.22 Total Expense Ratio.................................. 41.71 Combined Loss & Exp. Ratio.................... 92.93 Return on Equity....................................... 13.88
+$7,315,000
2009:
SSQ, SOCIETE D’ASSURANCES GENERALES INC.
Gilles Mourette, President & CEO 2515 boulevard Laurier, CP 10530, succ. Sainte-Foy Quebec QC G1V 0A5 418-683-0554 Fax: 418-683-3669 www.ssqgenerale.com
Class
Net Prems Written
Prop. - Personal...................... 64,922,000 Prop. - Commercial................. 1,847,000 Prop - Total ............................ 66,769,000 Auto. - Liability........................ 34,042,000 Auto. - Pers. Acc..................... 249,000 Auto. - Other............................ 109,199,000 Auto - Total ............................ 143,490,000 Liability.................................... –19,000 ——————— Total 2011................................ 210,240,000 Total 2010................................ 172,356,000 Total 2009................................ 144,707,000 Total 2008................................ 121,921,000 Total 2007................................ 118,423,000
Net Prems Earned
56,428,000 1,674,000 58,102,000 32,477,000 214,000 63,703,000 96,394,000 6,281,000 ——————— 160,777,000 142,358,000 129,125,000 115,968,000 99,308,000
Net Claims Incurred
36,582,000 2,020,000 38,602,000 22,581,000 301,000 39,990,000 62,872,000 3,771,000 ——————— 105,245,000 86,758,000 81,516,000 85,540,000 64,424,000
Claims Ratio
64.83 120.67 66.44 69.53 140.65 62.78 65.22 60.04 ————— 65.46 60.94 63.13 73.76 64.87
2011 Direct Premiums Written: +207,853,000 2011 Underwriting Performance Summary
Reinsurance Assumed........................... 7,264,000 Reinsurance Ceded................................ 4,877,000 Net Premiums Written........................ 210,240,000 Net Premiums Earned........................ 160,777,000 Net Claims & Adj Exp......................... 105,245,000 Commissions.......................................... 2,326,000 Taxes...................................................... 5,747,000 General Expenses................................ 38,354,000 Undwrwtg. Profit/Loss........................... 9,105,000 Investment Income................................. 2,625,000
Underwriting Result 2011: 2008:
+$9,105,000 –$3,434,000
2010: 2007:
D-C
Growth: 21.50% %
Growth Rate (NPW)................................... 21.98 % of Market (NPW)..................................... 0.53 Earned Loss Ratio..................................... 65.46 Total Expense Ratio.................................. 28.88 Combined Loss & Exp. Ratio.................... 94.34 Return on Equity....................................... 11.72
+$15,526,000 –$219,000
2009:
STATE FARM INSURANCE COMPANY
Barbara Bellissimo, Senior Vice-President
+$11,161,000
D-US
STATE FARM FIRE & CASUALTY COMPANY 333 First Commerce Dr STATE FARM MUTUAL AUTOMOBILE INSURANCE COMPANY
Aurora ON L4G 8A4 905-750-4620 www.statefarm.ca
Class
Prop. - Personal...................... Prop. - Commercial................. Prop - Total ............................ Auto. - Liability........................ Auto. - Pers. Acc..................... Auto. - Other............................ Auto - Total ............................ Liability.................................... Surety...................................... Total 2011................................ Total 2010................................ Total 2009................................ Total 2008................................ Total 2007................................
Net Prems Written
419,987,000 35,952,000 455,939,000 541,065,000 643,252,000 241,579,000 1,425,896,000 49,393,000 58,000 ——————— 1,931,286,000 1,937,320,000 1,827,768,000 1,679,940,000 1,527,610,000
104
2012 Stat Issue Cdn Underwriters.indd 104
Net Prems Earned
419,825,000 34,828,000 454,653,000 538,734,000 647,981,000 249,467,000 1,436,182,000 49,571,000 59,000 ——————— 1,940,465,000 1,905,784,000 1,783,048,000 1,630,706,000 1,493,002,000
Net Claims Incurred
260,070,000 22,279,000 282,349,000 813,863,000 742,987,000 188,619,000 1,745,469,000 25,099,000 9,000 ——————— 2,052,926,000 2,639,080,000 1,823,105,000 1,569,393,000 1,275,254,000
Claims Ratio
61.95 63.97 62.10 151.07 114.66 75.61 121.54 50.63 15.25 ————— 105.80 138.48 102.25 96.24 85.42
2011 Direct Premiums Written: +1,933,287,000 2011 Underwriting Performance Summary
Reinsurance Assumed........................................... Reinsurance Ceded................................ 2,001,000 Net Premiums Written..................... 1,931,286,000 Net Premiums Earned..................... 1,940,465,000 Net Claims & Adj Exp...................... 2,052,926,000 Commissions...................................... 212,771,000 Taxes.................................................... 60,114,000 General Expenses.............................. 178,137,000 Undwrwtg. Profit/Loss..................... –481,778,000 Investment Income............................. 239,896,000
Underwriting Result 2011: 2008:
–$481,778,000 –$348,769,000
2010: 2007:
Growth: –0.56% %
Growth Rate (NPW)................................... –0.31 % of Market (NPW)..................................... 4.83 Earned Loss Ratio................................... 105.80 Total Expense Ratio.................................. 23.24 Combined Loss & Exp. Ratio.................. 129.04 Return on Equity......................................-24.64
–$1,267,250,000 –$120,814,000
2009:
–$495,851,000
canadianunderwriter.ca CANADIAN UNDERWRITER STATISTICAL ISSUE 2012
12-05-25 9:21 AM
2012 Stat Issue Cdn Underwriters.indd 105
12-05-25 9:21 AM
STATE FARM FIRE & CASUALTY COMPANY
Barbara Bellissimo, Senior Vice-President 333 First Commerce Dr Aurora ON L4G 8A4 905-750-4620 www.statefarm.ca
Class
Net Prems Written
Prop. - Personal...................... 419,987,000 Prop. - Commercial................. 35,952,000 Prop - Total ............................ 455,939,000 Liability.................................... 49,393,000 Surety...................................... 58,000 ——————— Total 2011................................ 505,390,000 Total 2010................................ 496,319,000 Total 2009................................ 446,959,000 Total 2008................................ 414,739,000 Total 2007................................ 388,547,000
Net Prems Earned
419,825,000 34,828,000 454,653,000 49,571,000 59,000 ——————— 504,283,000 468,863,000 428,364,000 400,092,000 374,113,000
Net Claims Incurred
260,070,000 22,279,000 282,349,000 25,099,000 9,000 ——————— 307,457,000 272,583,000 313,541,000 342,495,000 259,681,000
Claims Ratio
61.95 63.97 62.10 50.63 15.25 ————— 60.97 58.14 73.19 85.60 69.41
2011 Direct Premiums Written: +507,388,000 2011 Underwriting Performance Summary
Reinsurance Assumed........................................... Reinsurance Ceded................................ 1,998,000 Net Premiums Written........................ 505,390,000 Net Premiums Earned........................ 504,283,000 Net Claims & Adj Exp......................... 307,457,000 Commissions........................................ 70,821,000 Taxes.................................................... 17,207,000 General Expenses................................ 62,201,000 Undwrwtg. Profit/Loss......................... 49,955,000 Investment Income............................... 38,056,000
Underwriting Result 2011: 2008:
+$49,955,000 –$67,927,000
2010: 2007:
D-US
Growth: 0.82% %
Growth Rate (NPW)..................................... 1.83 % of Market (NPW)..................................... 1.26 Earned Loss Ratio..................................... 60.97 Total Expense Ratio.................................. 29.79 Combined Loss & Exp. Ratio.................... 90.76 Return on Equity....................................... 11.00
+$55,818,000 +$976,000
2009:
STATE FARM MUTUAL AUTOMOBILE Barbara Bellissimo, Senior Vice-President INSURANCE COMPANY 333 First Commerce Dr
–$17,416,000
D-US
Aurora ON L4G 8A4 905-750-4620 www.statefarm.ca
Class
Auto. - Liability........................ Auto. - Pers. Acc..................... Auto. - Other............................ Auto - Total ............................ Total 2011................................ Total 2010................................ Total 2009................................ Total 2008................................ Total 2007................................
Net Prems Written
541,065,000 643,252,000 241,579,000 1,425,896,000 ——————— 1,425,896,000 1,440,911,000 1,380,809,000 1,265,201,000 1,139,063,000
Net Prems Earned
538,734,000 647,981,000 249,467,000 1,436,182,000 ——————— 1,436,182,000 1,436,921,000 1,354,684,000 1,230,614,000 1,118,889,000
Net Claims Incurred
813,863,000 742,987,000 188,619,000 1,745,469,000 ——————— 1,745,469,000 2,366,497,000 1,509,564,000 1,226,898,000 1,015,573,000
Claims Ratio
151.07 114.66 75.61 121.54 ————— 121.54 164.69 111.43 99.70 90.77
2011 Direct Premiums Written: +1,425,899,000 2011 Underwriting Performance Summary
Reinsurance Assumed........................................... Reinsurance Ceded....................................... 3,000 Net Premiums Written..................... 1,425,896,000 Net Premiums Earned..................... 1,436,182,000 Net Claims & Adj Exp...................... 1,745,469,000 Commissions...................................... 141,950,000 Taxes.................................................... 42,907,000 General Expenses.............................. 115,936,000 Undwrwtg. Profit/Loss..................... –531,733,000 Investment Income............................. 201,840,000
Underwriting Result 2011: 2008:
–$531,733,000 –$280,842,000
2010: 2007:
Growth: –1.04% %
Growth Rate (NPW)................................... –1.04 % of Market (NPW)..................................... 3.57 Earned Loss Ratio................................... 121.54 Total Expense Ratio.................................. 20.94 Combined Loss & Exp. Ratio.................. 142.48 Return on Equity..................................... –41.10
–$1,323,068,000 –$121,790,000
2009:
STEWART TITLE GUARANTY COMPANY
D-US
Royal Bank Plaza, North Tower 200 Bay St, Suite 2600 Toronto ON M5J 2J2 416-307-3300 Fax: 416-307-3305 www.stewart.ca
Class
Net Prems Written
Title.......................................... 79,852,000 ——————— Total 2011................................ 79,852,000 Total 2010................................ 75,971,000 Total 2009................................ 68,976,000 Total 2008................................ 74,142,000
Net Prems Earned
79,852,000 ——————— 79,852,000 75,971,000 68,976,000 74,142,000
Net Claims Incurred
16,934,000 ——————— 16,934,000 22,624,000 30,265,000 27,774,000
Claims Ratio
21.21 ————— 21.21 29.78 43.88 37.46
2011 Direct Premiums Written: +79,852,000 2011 Underwriting Performance Summary
Reinsurance Assumed........................................... Reinsurance Ceded................................................ Net Premiums Written.......................... 79,852,000 Net Premiums Earned.......................... 79,852,000 Net Claims & Adj Exp........................... 16,934,000 Commissions.......................................................... Taxes...................................................... 2,501,000 General Expenses................................ 38,947,000 Undwrwtg. Profit/Loss......................... 21,629,000 Investment Income................................. 7,751,000
Underwriting Result 2011: 2008:
106
2012 Stat Issue Cdn Underwriters.indd 106
+$21,629,000 +$4,969,000
2010:
–$478,435,000
Growth: 5.11% %
Growth Rate (NPW)..................................... 5.11 % of Market (NPW)..................................... 0.20 Earned Loss Ratio..................................... 21.21 Total Expense Ratio.................................... 0.00 Combined Loss & Exp. Ratio...................... 0.00 Return on Equity....................................... 25.61
+$13,491,000
2009:
+$2,176,000
canadianunderwriter.ca CANADIAN UNDERWRITER STATISTICAL ISSUE 2012
12-05-25 9:21 AM
TD INSURANCE GENERAL SECURITY NATIONAL INSURANCE COMPANY PRIMMUM INSURANCE COMPANY TD GENERAL INSURANCE COMPANY TD DIRECT INSURANCE INC TD HOME AND AUTO INSURANCE COMPANY Class
Prop. - Personal...................... Prop. - Commercial................. Prop - Total ............................ Auto. - Liability........................ Auto. - Pers. Acc..................... Auto. - Other............................ Auto - Total ............................ Liability.................................... Total 2011................................ Total 2010................................ Total 2009................................ Total 2008................................ Total 2007................................
Net Prems Written
680,577,000 31,000 680,608,000 790,932,000 570,328,000 469,283,000 1,830,543,000 7,885,000 ——————— 2,519,036,000 2,323,947,000 2,100,279,000 1,894,783,000 1,836,013,000
Net Prems Earned
Net Claims Incurred
615,114,000 445,470,000 31,000 615,145,000 445,470,000 770,355,000 747,501,000 538,243,000 314,196,000 485,799,000 340,685,000 1,794,397,000 1,402,382,000 7,885,000 3,294,000 ——————— ——————— 2,417,427,000 1,851,146,000 2,200,681,000 1,771,204,000 1,993,172,000 1,652,516,000 1,856,462,000 1,446,334,000 1,785,568,000 1,235,290,000
Claims Ratio
72.42 72.42 97.03 58.37 70.13 78.15 41.78 ————— 76.58 80.48 82.91 77.91 69.18
William Goings, President & Chief Executive Officer Richmond Adelaide Center 120 Adelaide St W 2th Floor Toronto ON M5H 1T1 www.tdinsurance.com service@melochemonnex.com
2011 Direct Premiums Written: +2,531,091,000 2011 Underwriting Performance Summary
Reinsurance Assumed.................... 1,378,982,000 Reinsurance Ceded......................... 1,391,037,000 Net Premiums Written..................... 2,519,036,000 Net Premiums Earned..................... 2,417,427,000 Net Claims & Adj Exp...................... 1,851,146,000 Commissions...................................... 266,656,000 Taxes.................................................... 78,141,000 General Expenses.............................. 206,920,000 Undwrwtg. Profit/Loss......................... 14,564,000 Investment Income............................. 130,552,000
Underwriting Result 2011: 2008:
+$14,564,000 +$3,906,000
2010: 2007:
Growth: 6.23% %
Growth Rate (NPW)..................................... 8.39 % of Market (NPW)..................................... 6.30 Earned Loss Ratio..................................... 76.58 Total Expense Ratio.................................. 22.82 Combined Loss & Exp. Ratio.................... 99.40 Return on Equity......................................... 9.29
–$65,268,000 +$146,876,000
2009:
TEMPLE INSURANCE COMPANY
Kenneth B. Irvin, CGA, President & CEO 390 Bay St., 22nd Floor Toronto ON M5H 2Y2 416-364-2851 Fax: 416-361-1163 www.templeinsurance.ca
Class
Net Prems Written
Net Prems Earned
Prop. - Commercial................. 24,319,000 24,550,000 Prop - Total ............................ 24,319,000 24,550,000 Aircraft..................................... Auto. - Liability........................ Auto - Total ............................ 0 0 Boiler & Machinery.................. –129,000 –86,000 Liability.................................... 68,130,000 73,580,000 Surety...................................... Marine...................................... ——————— ——————— Total 2011................................ 92,320,000 98,044,000 Total 2010................................ 103,666,000 105,946,000 Total 2009................................ 103,688,000 107,255,000 Total 2008................................ 111,002,000 110,202,000 Total 2007................................ 117,689,000 112,128,000
Net Claims Incurred
14,842,000 14,842,000 –1,030,000 –343,000 –343,000 –8,000 53,166,000 –2,000 –1,000 ——————— 66,624,000 59,212,000 51,568,000 44,711,000 38,584,000
Claims Ratio
60.46 60.46 0.00 0.00 9.30 72.26 0.00 0.00 ————— 67.95 55.89 48.08 40.57 34.41
2011 Direct Premiums Written: +153,265,000 2011 Underwriting Performance Summary
Reinsurance Assumed.............................. 144,000 Reinsurance Ceded.............................. 61,089,000 Net Premiums Written.......................... 92,320,000 Net Premiums Earned.......................... 98,044,000 Net Claims & Adj Exp........................... 66,624,000 Commissions........................................ 24,617,000 Taxes...................................................... 5,545,000 General Expenses.................................. 9,061,000 Undwrwtg. Profit/Loss......................... –7,803,000 Investment Income............................... 20,083,000
Underwriting Result 2011: 2008:
–$7,803,000 +$20,171,000
TIG INSURANCE COMPANY
Class
Net Prems Written
Net Prems Earned
Auto. - Liability........................ Auto - Total ............................ 0 0 Liability.................................... ——————— ——————— Total 2011................................ 0 0 Total 2010................................ 0 0 Total 2009................................ 0 0 Total 2008................................ 0 0 Total 2007................................ 0 0
Net Claims Incurred
1,000 1,000 765,000 ——————— 766,000 20,000 –105,000 –115,000 1,168,000
Claims Ratio
0.00 0.00 —————
2011: 2007:
2012 Stat Issue Cdn Underwriters.indd 107
–$1,056,000 –$1,584,000
2010:
D-C
%
Growth Rate (NPW)................................. –10.94 % of Market (NPW)..................................... 0.23 Earned Loss Ratio..................................... 67.95 Total Expense Ratio.................................. 40.01 Combined Loss & Exp. Ratio.................. 107.96 Return on Equity......................................... 7.68
–$136,000 +$22,672,000
2009:
+$11,603,000
B-US
David Derksen, Chief Agent 717 Portage Ave., PO Box 5800 Winnipeg MB R3C 3C9 250-495-4784
Reinsurance Assumed........................................... Reinsurance Ceded................................................ Net Premiums Written.......................................... 0 Net Premiums Earned.......................................... 0 Net Claims & Adj Exp................................ 766,000 Commissions.......................................................... Taxes...................................................................... General Expenses..................................... 290,000 Undwrwtg. Profit/Loss......................... –1,056,000 Investment Income................................. 3,349,000
–$94,530,000
Growth: –13.98%
2011 Underwriting Performance Summary
Underwriting Result
CANADIAN UNDERWRITER STATISTICAL ISSUE 2012
2010: 2007:
B-C
%
Growth Rate (NPW)..................................... 0.00 % of Market (NPW)..................................... 0.00 Earned Loss Ratio....................................... 0.00 Total Expense Ratio.................................... 0.00 Combined Loss & Exp. Ratio...................... 0.00 Return on Equity....................................... 12.06
–$325,000
2008:
–$188,000
107
12-05-25 9:21 AM
TOKIO MARINE & NICHIDO FIRE Jane Gardner, Chief Agent INSURANCE CO., LTD. 105 Adelaide St. W., P.O. Box 219A
B-F
Toronto ON M5H 1P9 416-350-4400 Fax: 416-350-4412
Class
Net Prems Written
Prop. - Personal...................... 183,000 Prop. - Commercial................. 7,249,000 Prop - Total ............................ 7,432,000 Aircraft..................................... 7,584,000 Auto. - Liability........................ 2,793,000 Auto. - Pers. Acc..................... 1,479,000 Auto. - Other............................ 1,475,000 Auto - Total ............................ 5,747,000 Boiler & Machinery.................. 129,000 Fidelity..................................... 162,000 Liability.................................... 3,710,000 Marine...................................... 696,000 ——————— Total 2011................................ 25,460,000 Total 2010................................ 26,081,000 Total 2009................................ 25,345,000 Total 2008................................ 29,364,000 Total 2007................................ 25,556,000
Net Prems Earned
184,000 7,428,000 7,612,000 7,691,000 2,503,000 1,327,000 1,284,000 5,114,000 103,000 112,000 3,430,000 618,000 ——————— 24,680,000 25,416,000 26,786,000 27,784,000 26,736,000
Net Claims Incurred
8,000 –2,766,000 –2,758,000 4,877,000 3,486,000 983,000 1,099,000 5,568,000 –28,000 –37,000 4,381,000 126,000 ——————— 12,129,000 19,411,000 22,388,000 20,179,000 26,980,000
Claims Ratio
4.35 –37.24 –36.23 63.41 139.27 74.08 85.59 108.88 –27.18 –33.04 127.73 20.39 ————— 49.15 76.37 83.58 72.63 100.91
2011 Direct Premiums Written: +20,020,000 2011 Underwriting Performance Summary
Reinsurance Assumed........................... 9,000,000 Reinsurance Ceded................................ 3,682,000 Net Premiums Written.......................... 25,460,000 Net Premiums Earned.......................... 24,680,000 Net Claims & Adj Exp........................... 12,129,000 Commissions.......................................... 3,596,000 Taxes......................................................... 628,000 General Expenses.................................. 4,610,000 Undwrwtg. Profit/Loss........................... 3,717,000 Investment Income................................. 2,439,000
Underwriting Result 2011: 2008:
+$3,717,000 –$1,889,000
TRAVELERS CANADA ST. PAUL FIRE & MARINE INSURANCE COMPANY TRAVELERS GUARANTEE COMPANY OF CANADA
Class
Net Prems Written
Net Prems Earned
Prop. - Personal...................... 5,803,000 5,789,000 Prop. - Commercial................. 45,364,000 46,840,000 Prop - Total ............................ 51,167,000 52,629,000 Aircraft..................................... Auto. - Liability........................ 29,719,000 28,751,000 Auto. - Pers. Acc..................... 4,657,000 4,316,000 Auto. - Other............................ 11,971,000 12,082,000 Auto - Total ............................ 46,347,000 45,149,000 Boiler & Machinery.................. 2,058,000 13,088,000 Credit....................................... Fidelity..................................... 9,852,000 10,148,000 Liability.................................... 93,383,000 94,749,000 Surety...................................... 84,368,000 79,370,000 Title.......................................... 7,000 7,000 Marine...................................... 11,010,000 11,581,000 ——————— ——————— Total 2011................................ 298,192,000 306,721,000 Total 2010................................ 309,697,000 330,992,000 Total 2009................................ 326,159,000 354,364,000 Total 2008................................ 352,197,000 371,595,000 Total 2007................................ 412,069,000 384,604,000
Net Claims Incurred
3,399,000 63,771,000 67,170,000 –94,000 14,019,000 3,412,000 7,249,000 24,680,000 44,000 –4,000 2,080,000 31,723,000 4,708,000 94,000 1,909,000 ——————— 132,310,000 168,641,000 127,279,000 212,429,000 173,818,000
Claims Ratio
58.71 136.15 127.63 0.00 48.76 79.05 60.00 54.66 0.34 0.00 20.50 33.48 5.93 1,342.86 16.48 ————— 43.14 50.95 35.92 57.17 45.19
2010: 2007:
Growth: 3.61% %
Growth Rate (NPW)................................... –2.38 % of Market (NPW)..................................... 0.06 Earned Loss Ratio..................................... 49.15 Total Expense Ratio.................................. 35.79 Combined Loss & Exp. Ratio.................... 84.94 Return on Equity......................................... 7.30
–$3,419,000 –$9,507,000
2009:
B-C
George Petropoulos, President & Chief Executive Officer 20 Queen St W, Suite 300 PO Box 6 Toronto ON M5H 3R3 416-360-8183 Fax: 416-360-8267 www.travelerscanada.ca
2011 Direct Premiums Written: +356,841,000 2011 Underwriting Performance Summary
Reinsurance Assumed......................... 10,328,000 Reinsurance Ceded.............................. 68,977,000 Net Premiums Written........................ 298,192,000 Net Premiums Earned........................ 306,721,000 Net Claims & Adj Exp......................... 132,310,000 Commissions........................................ 52,025,000 Taxes.................................................... 13,128,000 General Expenses................................ 63,006,000 Undwrwtg. Profit/Loss......................... 48,378,000 Investment Income............................... 59,489,000
Underwriting Result 2011: 2008:
+$48,378,000 +$32,670,000
–$4,703,000
2010: 2007:
Growth: –2.38% %
Growth Rate (NPW)................................... –3.71 % of Market (NPW)..................................... 0.75 Earned Loss Ratio..................................... 43.14 Total Expense Ratio.................................. 41.78 Combined Loss & Exp. Ratio.................... 84.92 Return on Equity......................................... 9.08
+$32,294,000 +$83,090,000
2009:
TRISURA GUARANTEE INSURANCE COMPANY
+$101,979,000
Michael George, President & Chief Executive Officer Bay Adelaide Centre 333 Bay St, Suite 1610, Box 22 Toronto ON M5H 2R2 416-214-2555 www.trisura.com
Class
Net Prems Written
Prop. - Commercial................. 103,000 Prop - Total ............................ 103,000 Boiler & Machinery.................. 8,453,000 Fidelity..................................... 2,049,000 Liability.................................... 11,801,000 Surety...................................... 17,125,000 ——————— Total 2011................................ 39,531,000 Total 2010................................ 31,978,000 Total 2009................................ 25,003,000 Total 2008................................ 22,157,000 Total 2007................................ 11,443,000
Net Prems Earned
87,000 87,000 5,020,000 1,914,000 9,702,000 16,603,000 ——————— 33,326,000 28,385,000 21,362,000 15,720,000 8,672,000
Net Claims Incurred
63,000 63,000 2,279,000 302,000 3,671,000 2,487,000 ——————— 8,802,000 4,511,000 5,801,000 4,420,000 4,008,000
Claims Ratio
72.41 72.41 45.40 15.78 37.84 14.98 ————— 26.41 15.89 27.16 28.12 46.22
2011 Direct Premiums Written: +50,815,000 2011 Underwriting Performance Summary
Reinsurance Assumed.............................. 249,000 Reinsurance Ceded.............................. 11,646,000 Net Premiums Written.......................... 39,531,000 Net Premiums Earned.......................... 33,326,000 Net Claims & Adj Exp............................. 8,802,000 Commissions.......................................... 7,416,000 Taxes...................................................... 1,435,000 General Expenses................................ 12,271,000 Undwrwtg. Profit/Loss........................... 4,794,000 Investment Income................................. 2,422,000
Underwriting Result 2011: 2008:
108
2012 Stat Issue Cdn Underwriters.indd 108
+$4,794,000 +$188,000
2010: 2007:
B-C
Growth: 14.60% %
Growth Rate (NPW)................................... 23.62 % of Market (NPW)..................................... 0.10 Earned Loss Ratio..................................... 26.41 Total Expense Ratio.................................. 63.38 Combined Loss & Exp. Ratio.................... 89.79 Return on Equity....................................... 12.69
+$5,530,000 –$2,614,000
2009:
+$2,510,000
canadianunderwriter.ca CANADIAN UNDERWRITER STATISTICAL ISSUE 2012
12-05-25 9:21 AM
St. Paul Fire and Marine Insurance Company and Travelers Insurance Company of Canada are the Canadian licensed insurers known as Travelers Canada. Š 2012 The Travelers Indemnity Company. All rights reserved. Travelers and the Travelers Umbrella logo are registered trademarks of The Travelers Indemnity Company in the U.S. and other countries.
12-CAN-0521_5.3.12_2_mary.indd 1 2012 Stat Issue Cdn Underwriters.indd 109
5/4/12 9:43 AM 12-05-25 9:21 AM
TRITON INSURANCE
Class
Net Prems Written
Net Prems Earned
Net Claims Incurred
Prop. - Personal...................... 6,952,000 12,686,000 1,638,000 Prop - Total ............................ 6,952,000 12,686,000 1,638,000 Fidelity..................................... 34,000 34,000 Liability.................................... 10,000 Accident & Sickness................ 18,528,000 28,695,000 7,927,000 ——————— ——————— ——————— Total 2011................................ 25,514,000 41,415,000 9,575,000 Total 2010................................ 8,972,000 41,494,000 11,254,000 Total 2009................................ 26,798,000 54,065,000 17,087,000 Total 2008................................ 166,862,000 25,755,000 4,749,000
Claims Ratio
12.91 12.91 0.00 27.63 ————— 23.12 27.12 31.60 18.44
2011 Direct Premiums Written: +30,172,000 2011 Underwriting Performance Summary
Reinsurance Assumed........................................... Reinsurance Ceded................................ 4,658,000 Net Premiums Written.......................... 25,514,000 Net Premiums Earned.......................... 41,415,000 Net Claims & Adj Exp............................. 9,575,000 Commissions........................................... –243,000 Taxes...................................................... 1,012,000 General Expenses.................................. 3,294,000 Undwrwtg. Profit/Loss......................... 27,777,000 Investment Income................................. 6,138,000
Underwriting Result 2011: 2008:
+$27,777,000 +$7,142,000
UNICA INSURANCE INC.
Class
Net Prems Written
Prop. - Personal...................... 28,994,000 Prop. - Commercial................. 6,196,000 Prop - Total ............................ 35,190,000 Auto. - Liability........................ 26,667,000 Auto. - Pers. Acc..................... 6,922,000 Auto. - Other............................ 32,996,000 Auto - Total ............................ 66,585,000 Legal Expense......................... 789,000 Liability.................................... 3,209,000 Surety...................................... 1,353,000 ——————— Total 2011................................ 107,126,000 Total 2010................................ 137,598,000 Total 2009................................ 128,172,000 Total 2008................................ 77,677,000 Total 2007................................ 43,468,000
Net Prems Earned
30,900,000 6,293,000 37,193,000 31,536,000 11,543,000 40,151,000 83,230,000 789,000 3,036,000 1,353,000 ——————— 125,601,000 123,549,000 98,390,000 50,735,000 50,738,000
Net Claims Incurred
19,526,000 3,519,000 23,045,000 28,044,000 8,528,000 23,550,000 60,122,000 503,000 2,214,000 171,000 ——————— 86,055,000 95,467,000 81,290,000 56,041,000 34,524,000
Claims Ratio
63.19 55.92 61.96 88.93 73.88 58.65 72.24 63.75 72.92 12.64 ————— 68.51 77.27 82.62 110.46 68.04
D-F
Henryka Anderson, Chief Agent 355 Wellington St London ON N6A 3N7 519-680-4738 Fax: 866-897-8985
2010:
Growth: 39.45% %
Growth Rate (NPW)................................. 184.37 % of Market (NPW)..................................... 0.06 Earned Loss Ratio..................................... 23.12 Total Expense Ratio.................................. 18.56 Combined Loss & Exp. Ratio.................... 41.68 Return on Equity....................................... 24.80
+$22,053,000
2009:
B-C
Martin Delage, President & COO 7150 Derrycrest Dr Mississauga ON L5W 0E5 905-677-9777 Fax: 905-795-0887
2011 Direct Premiums Written: +100,283,000 2011 Underwriting Performance Summary
Reinsurance Assumed......................... 99,095,000 Reinsurance Ceded.............................. 92,252,000 Net Premiums Written........................ 107,126,000 Net Premiums Earned........................ 125,601,000 Net Claims & Adj Exp........................... 86,055,000 Commissions........................................ 27,860,000 Taxes...................................................... 3,666,000 General Expenses................................ 14,845,000 Undwrwtg. Profit/Loss......................... –4,260,000 Investment Income............................... 10,259,000
Underwriting Result 2011: 2008:
–$4,260,000 –$37,833,000
2010: 2007:
+$19,802,000
Growth: –22.74% %
Growth Rate (NPW)................................. –22.15 % of Market (NPW)..................................... 0.27 Earned Loss Ratio..................................... 68.51 Total Expense Ratio.................................. 36.92 Combined Loss & Exp. Ratio.................. 105.43 Return on Equity......................................... 6.12
–$7,132,000 –$3,690,000
2009:
–$10,748,000
L’UNIQUE COMPAGNIE D’ASSURANCES B-C Mario Cusson, President et chef de l’exploitation GENERALES 925 Grand Allee Ouest Quebec QC G1S 1C1 418-683-2711 Fax: 418-688-9684 mario.cusson@lunique.qc.ca
Class
Net Prems Written
Prop. - Personal...................... 35,385,000 Prop. - Commercial................. 10,750,000 Prop - Total ............................ 46,135,000 Auto. - Liability........................ 28,443,000 Auto. - Pers. Acc..................... 4,965,000 Auto. - Other............................ 38,107,000 Auto - Total ............................ 71,515,000 Legal Expense......................... 700,000 Liability.................................... 2,351,000 Surety...................................... 2,685,000 ——————— Total 2011................................ 123,386,000 Total 2010................................ 111,782,000 Total 2009................................ 97,205,000 Total 2008................................ 91,880,000 Total 2007................................ 77,671,000
110
2012 Stat Issue Cdn Underwriters.indd 110
Net Prems Earned
30,366,000 7,720,000 38,086,000 26,773,000 4,909,000 35,666,000 67,348,000 700,000 2,511,000 2,781,000 ——————— 111,426,000 106,834,000 89,665,000 77,863,000 68,474,000
Net Claims Incurred
19,067,000 4,516,000 23,583,000 14,720,000 2,002,000 21,926,000 38,648,000 451,000 1,716,000 344,000 ——————— 64,742,000 65,404,000 55,624,000 44,895,000 36,967,000
Claims Ratio
62.79 58.50 61.92 54.98 40.78 61.48 57.39 64.43 68.34 12.37 ————— 58.10 61.22 62.04 57.66 53.99
2011 Direct Premiums Written: +146,695,000 2011 Underwriting Performance Summary
Reinsurance Assumed......................... 76,643,000 Reinsurance Ceded.............................. 99,952,000 Net Premiums Written........................ 123,386,000 Net Premiums Earned........................ 111,426,000 Net Claims & Adj Exp........................... 64,742,000 Commissions........................................ 18,716,000 Taxes...................................................... 4,183,000 General Expenses................................ 19,586,000 Undwrwtg. Profit/Loss........................... 6,532,000 Investment Income................................. 4,861,000
Underwriting Result 2011: 2008:
+$6,532,000 +$2,889,000
2010: 2007:
Growth: 8.33% %
Growth Rate (NPW)................................... 10.38 % of Market (NPW)..................................... 0.31 Earned Loss Ratio..................................... 58.10 Total Expense Ratio.................................. 38.13 Combined Loss & Exp. Ratio.................... 96.23 Return on Equity....................................... 16.17
+$4,034,000 +$5,151,000
2009:
+$6,701,000
canadianunderwriter.ca CANADIAN UNDERWRITER STATISTICAL ISSUE 2012
12-05-25 9:21 AM
UniqUe name. UniqUe Company.
Unica insurance The new name for york Fire & Casualty A new name is an important step in our evolution. In the last few years, we’ve reinvented ourselves, building a stronger, more focused company around the concept of “people first”. We do things a little differently, and that translates into big value for our customers and our broker partners. We are uniquely focused on developing innovative products for advice-based customers. And we remain steadfastly committed to the Canadian broker channel, because we believe that brokers are uniquely positioned to deliver the selection, service and advice these customers expect. Unique approach. Dependable Canadian commitment. It’s in our name.
www.UnicaInsurance.com 1-800-676-0967
2012 Stat Issue Cdn Underwriters.indd 111
12-05-25 9:21 AM
UTICA MUTUAL INSURANCE COMPANY LIMITED B-US Colleen Sexsmith, Chief Agent 1145 Nicholson Rd., Unit 2 Newmarket ON L3Y 9C3 905-853-0858 Fax: 905-853-0183
Class
Net Prems Written
Net Prems Earned
Liability.................................... ——————— ——————— Total 2011................................ 0 0 Total 2010................................ 0 0 Total 2009................................ 0 0 Total 2008................................ –4,000 –4,000 Total 2007................................ 7,000 7,000
Net Claims Incurred
–16,000 ——————— –16,000 –398,000 –55,000 –38,000 –309,000
Claims Ratio
0.00 —————
950.00 –4,414.29
2011 Underwriting Performance Summary
Reinsurance Assumed........................................... Reinsurance Ceded................................................ Net Premiums Written.......................................... 0 Net Premiums Earned.......................................... 0 Net Claims & Adj Exp................................ –16,000 Commissions.......................................................... Taxes...................................................................... General Expenses..................................... 266,000 Undwrwtg. Profit/Loss............................ –210,000 Investment Income...................................... 77,000
Underwriting Result 2011: 2008:
–$210,000 –$144,000
2010: 2007:
%
Growth Rate (NPW)..................................... 0.00 % of Market (NPW)..................................... 0.00 Earned Loss Ratio....................................... 0.00 Total Expense Ratio.................................... 0.00 Combined Loss & Exp. Ratio...................... 0.00 Return on Equity......................................... 2.66
+$205,000 +$103,000
2009:
–$128,000
THE WAWANESA MUTUAL INSURANCE COMPANY B-C Kenneth E McCrea, President & Chief Executive Officer 191 Broadway Winnipeg MB R3C 3P1 204-985-3923 Fax: 204-942-7724 www.wawanesa.com
Class
Net Prems Written
Net Prems Earned
Prop. - Personal...................... 612,492,000 578,396,000 Prop. - Commercial................. 197,174,000 188,887,000 Prop - Total ............................ 809,666,000 767,283,000 Auto. - Liability........................ 550,464,000 536,361,000 Auto. - Pers. Acc..................... 200,963,000 198,312,000 Auto. - Other............................ 405,418,000 394,086,000 Auto - Total ............................ 1,156,845,000 1,128,759,000 Boiler & Machinery.................. Liability.................................... 35,775,000 34,526,000 ——————— ——————— Total 2011................................ 2,002,286,000 1,930,568,000 Total 2010................................ 1,883,107,000 1,789,221,000 Total 2009................................ 1,694,037,000 1,610,616,000 Total 2008................................ 1,614,504,000 1,561,358,000 Total 2007................................ 1,466,192,000 1,439,624,000
Net Claims Incurred
482,863,000 143,286,000 626,149,000 409,271,000 172,205,000 263,483,000 844,959,000 –2,000 14,840,000 ——————— 1,485,946,000 1,347,593,000 1,265,024,000 1,243,275,000 1,066,566,000
Claims Ratio
83.48 75.86 81.61 76.31 86.84 66.86 74.86 0.00 42.98 ————— 76.97 75.32 78.54 79.63 74.09
2011 Direct Premiums Written: +2,070,160,000 2011 Underwriting Performance Summary
Reinsurance Assumed........................................... Reinsurance Ceded.............................. 67,874,000 Net Premiums Written..................... 2,002,286,000 Net Premiums Earned..................... 1,930,568,000 Net Claims & Adj Exp...................... 1,485,946,000 Commissions...................................... 332,541,000 Taxes.................................................... 67,782,000 General Expenses.............................. 148,336,000 Undwrwtg. Profit/Loss....................... –75,383,000 Investment Income............................. 215,534,000
Underwriting Result 2011: 2008:
–$75,383,000 –$95,249,000
2010: 2007:
Growth: 6.88% %
Growth Rate (NPW)..................................... 6.33 % of Market (NPW)..................................... 5.01 Earned Loss Ratio..................................... 76.97 Total Expense Ratio.................................. 28.42 Combined Loss & Exp. Ratio.................. 105.39 Return on Equity......................................... 5.09
–$40,078,000 –$45,006,000
2009:
WESTERN SURETY COMPANY
–$89,446,000
D-C
Scott W Donald, President & Chief Executive Officer P.O. Box 527, 2000-1874 Scarth St., Regina SK S4P 2G8 306-791-3735 Fax: 306-359-0929 www.westernsurety.ca sdonald@westernsurety.ca
Class
Net Prems Written
Fidelity..................................... 6,000 Surety...................................... 13,334,000 ——————— Total 2011................................ 13,340,000 Total 2010................................ 13,910,000 Total 2009................................ 11,992,000 Total 2008................................ 10,688,000 Total 2007................................ 10,307,000
Net Prems Earned
Net Claims Incurred
6,000 13,125,000 –50,000 ——————— ——————— 13,131,000 –50,000 12,961,000 5,226,000 11,082,000 1,525,000 10,618,000 1,197,000 10,219,000 –18,000
Claims Ratio
–0.38 ————— –0.38 40.32 13.76 11.27 –0.18
2011 Direct Premiums Written: +22,920,000 2011 Underwriting Performance Summary
Reinsurance Assumed.............................. 182,000 Reinsurance Ceded................................ 9,762,000 Net Premiums Written.......................... 13,340,000 Net Premiums Earned.......................... 13,131,000 Net Claims & Adj Exp................................ –50,000 Commissions.......................................... 8,375,000 Taxes......................................................... 501,000 General Expenses.................................. 1,810,000 Undwrwtg. Profit/Loss........................... 2,495,000 Investment Income................................. 1,157,000
Underwriting Result 2011: 2008:
112
2012 Stat Issue Cdn Underwriters.indd 112
+$2,495,000 +$1,378,000
2010: 2007:
Growth: –2.01% %
Growth Rate (NPW)................................... –4.10 % of Market (NPW)..................................... 0.03 Earned Loss Ratio..................................... –0.38 Total Expense Ratio.................................. 81.38 Combined Loss & Exp. Ratio.................... 81.00 Return on Equity....................................... 15.89
–$2,406,000 +$2,127,000
2009:
+$1,334,000
canadianunderwriter.ca CANADIAN UNDERWRITER STATISTICAL ISSUE 2012
12-05-25 9:21 AM
2012 Stat Issue Cdn Underwriters.indd 113
12-05-25 9:21 AM
XL INSURANCE
Class
Net Prems Written
Prop. - Commercial................. 12,753,000 Prop - Total ............................ 12,753,000 Aircraft..................................... 10,021,000 Auto. - Liability........................ 117,000 Auto - Total ............................ 117,000 Boiler & Machinery.................. –35,000 Liability.................................... 49,107,000 Surety...................................... 90,000 Marine...................................... 1,664,000 ——————— Total 2011................................ 73,717,000 Total 2010................................ 86,536,000 Total 2009................................ 89,729,000 Total 2008................................ 92,738,000 Total 2007................................ 100,801,000
Net Prems Earned
10,619,000 10,619,000 9,974,000 139,000 139,000 2,780,000 63,108,000 4,000 1,314,000 ——————— 87,938,000 83,118,000 89,226,000 86,417,000 86,520,000
Net Claims Incurred
10,208,000 10,208,000 8,506,000 –377,000 –377,000 3,594,000 27,482,000 2,000 81,000 ——————— 49,496,000 49,640,000 49,967,000 49,341,000 34,278,000
Claims Ratio
96.13 96.13 85.28 –271.22 –271.22 129.28 43.55 50.00 6.16 ————— 56.29 59.72 56.00 57.10 39.62
Cindy Guyatt, Country Manager & Chief Agent 100 Yonge St, Suite 1802 Toronto ON M5C 2W1 416-928-8561 Fax: 416-928-8858 www.xlinsurance
2011 Direct Premiums Written: +95,427,000 2011 Underwriting Performance Summary
Reinsurance Assumed........................... 1,549,000 Reinsurance Ceded.............................. 23,259,000 Net Premiums Written.......................... 73,717,000 Net Premiums Earned.......................... 87,938,000 Net Claims & Adj Exp........................... 49,496,000 Commissions.......................................... 7,698,000 Taxes...................................................... 2,598,000 General Expenses................................ 18,941,000 Undwrwtg. Profit/Loss........................... 9,180,000 Investment Income............................... 12,627,000
Underwriting Result 2011: 2008:
+$9,180,000 +$9,971,000
2010: 2007:
B-UK
Growth: –12.14% %
Growth Rate (NPW)................................. –14.81 % of Market (NPW)..................................... 0.18 Earned Loss Ratio..................................... 56.29 Total Expense Ratio.................................. 33.25 Combined Loss & Exp. Ratio.................... 89.54 Return on Equity......................................... 5.90
+$4,658,000 +$26,342,000
2009:
ZURICH INSURANCE COMPANY LTD Patrick Lundy, President (CANADIAN BRANCH) 400 University Ave., Toronto ON M5G 1S7
+$10,176,000
B-F
416-586-3000 Fax: 416-586-2990 www.zurichcanada.com
Class
Net Prems Written
Prop. - Commercial................. 238,560,000 Prop - Total ............................ 238,560,000 Auto. - Liability........................ 102,386,000 Auto. - Pers. Acc..................... 19,695,000 Auto. - Other............................ 49,912,000 Auto - Total ............................ 171,993,000 Boiler & Machinery.................. 21,228,000 Fidelity..................................... 1,399,000 Liability.................................... 215,463,000 Other Apprvd. Prod................. 444,000 Surety...................................... –1,000 Marine...................................... 630,000 ——————— Total 2011................................ 649,716,000 Total 2010................................ 651,336,000 Total 2009................................ 579,006,000 Total 2008................................ 615,151,000 Total 2007................................ 659,155,000
Net Prems Earned
Net Claims Incurred
233,794,000 163,404,000 233,794,000 163,404,000 104,935,000 74,496,000 19,577,000 20,505,000 50,102,000 24,646,000 174,614,000 119,647,000 19,044,000 7,293,000 1,482,000 886,000 210,503,000 85,231,000 212,000 12,000 –494,000 245,000 165,000 ——————— ——————— 639,906,000 376,132,000 644,229,000 461,501,000 592,490,000 448,912,000 611,182,000 407,858,000 671,462,000 484,463,000
Claims Ratio
69.89 69.89 70.99 104.74 49.19 68.52 38.30 59.78 40.49 –4,116.67 67.35 ————— 58.78 71.64 75.77 66.73 72.15
2011 Direct Premiums Written: +904,785,000 2011 Underwriting Performance Summary
Reinsurance Assumed....................... 150,795,000 Reinsurance Ceded............................ 411,736,000 Net Premiums Written........................ 649,716,000 Net Premiums Earned........................ 639,906,000 Net Claims & Adj Exp......................... 376,132,000 Commissions...................................... –67,715,000 Taxes.................................................... 31,169,000 General Expenses................................ 85,597,000 Undwrwtg. Profit/Loss......................... 89,987,000 Investment Income............................... 68,985,000
Underwriting Result 2011: 2008:
+$89,987,000 +$31,687,000
2010: 2007:
Growth: 0.73% %
Growth Rate (NPW)................................... –0.25 % of Market (NPW)..................................... 1.62 Earned Loss Ratio..................................... 58.78 Total Expense Ratio.................................... 7.67 Combined Loss & Exp. Ratio.................... 66.45 Return on Equity....................................... 15.81
+$7,793,000 +$12,201,000
2009:
–$23,107,000
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2012 Stat Issue Cdn Underwriters.indd 114
canadianunderwriter.ca CANADIAN UNDERWRITER STATISTICAL ISSUE 2012
12-05-25 9:21 AM
“ We make communication work seamlessly across six continents. Zurich does the same with our insurance.” Andrew M. Miller, President & CEO Polycom, Inc.
A single property insurance solution designed to help reduce coverage gaps and overlaps. Polycom, a global leader in telepresence solutions, needed a financially strong carrier that could make complex insurance coverage easier. Zurich provided a custom solution that’s as simple as it is seamless, integrating property with liability coverage all under one policy. It’s an example of how Zurich HelpPoint delivers the help businesses need when it matters most. Watch the video to learn more. www.zurichcanada.com/stories
Insurance is underwritten by insurance company subsidiaries within the Zurich Financial Services Group including, in Canada, Zurich Insurance Company Ltd. Insurance product obligations are the sole responsibility of each issuing insurance company. For example, only the assets of Zurich Canada (and no other assets of the Zurich Financial Services Group) are available to meet its obligations for the performance of its products. For more complete financial information, audited annual statements of the Group and information on the ratings of the underwriting companies of Zurich in North America, access www.zurichcanada.com. Because change happenz®, Zurich® and Zurich HelpPoint® are registered trademarks of Zurich Insurance Company Ltd.
0501_EN-CA_Polycom_CanadianUnderwriter_206x276.indd 1 2012 Stat Issue Cdn Underwriters.indd 115
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2011 REINSURANCE COMPANIES RESULTS ALEA (BERMUDA) LTD
Class
Net Prems Written
Net Prems Earned
Prop. - Personal...................... Prop. - Commercial................. 2,000 2,000 Prop - Total ............................ 2,000 2,000 Auto. - Liability........................ –3,000 –3,000 Auto - Total ............................ –3,000 –3,000 Liability.................................... 7,000 10,000 Surety...................................... –2,000 –2,000 ——————— ——————— Total 2011................................ 4,000 7,000 Total 2010................................ 22,000 24,000 Total 2009................................ 42,000 43,000 Total 2008................................ 124,000 126,000 Total 2007................................ 155,000 160,000
Net Claims Incurred
–52,000 –204,000 –256,000 –143,000 –143,000 216,000 –31,000 ——————— –214,000 –500,000 399,000 686,000 –923,000
Claims Ratio
0.00 –10,200.00 –12,800.00 4,766.67 4,766.67 2,160.00 1,550.00 ————— –3,057.14 –2,083.33 927.91 544.44 –576.88
R-F
H. Steven Frye, Chief Agent 200 University Ave, 14th Floor Toronto ON M5H 3C6 416-366-3012 Fax:416-368-0886 sfrye@cooksonwalker.on.ca
2011 Underwriting Performance Summary
Reinsurance Assumed.................................. 4,000 Reinsurance Ceded................................................ Net Premiums Written................................... 4,000 Net Premiums Earned................................... 7,000 Net Claims & Adj Exp.............................. –214,000 Commissions............................................... 11,000 Taxes...................................................................... General Expenses..................................... 413,000 Undwrwtg. Profit/Loss............................ –203,000 Investment Income.................................... 830,000
Underwriting Result 2011: 2008:
–$203,000 –$1,076,000
2010: 2007:
%
Growth Rate (NPW)................................. –81.82 % of Market (NPW)..................................... 0.00 Earned Loss Ratio.............................. –3,057.14 Total Expense Ratio.................................... 0.00 Combined Loss & Exp. Ratio...................... 0.00 Return on Equity......................................... 4.81
+$105,000 +$600,000
2009:
ASPEN INSURANCE UK LIMITED
R-UK
Scotia Plaza 2100 40 King St W Toronto ON M5H 3C2
Class
Net Prems Written
Prop. - Commercial................. 9,854,000 Prop - Total ............................ 9,854,000 Aircraft..................................... 1,458,000 Auto. - Liability........................ 1,736,000 Auto - Total ............................ 1,736,000 Liability.................................... 17,718,000 Marine...................................... 44,000 ——————— Total 2011................................ 30,810,000 Total 2010................................ 49,252,000 Total 2009................................ 65,449,000
Net Prems Earned
8,354,000 8,354,000 1,863,000 1,722,000 1,722,000 22,021,000 88,000 ——————— 34,048,000 54,045,000 72,567,000
Net Claims Incurred
2,101,000 2,101,000 1,196,000 –796,000 –796,000 24,688,000 –435,000 ——————— 26,754,000 34,650,000 62,219,000
Claims Ratio
25.15 25.15 64.20 –46.23 –46.23 112.11 –494.32 ————— 78.58 64.11 85.74
2011 Direct Premiums Written: +21,921,000 2011 Underwriting Performance Summary
Reinsurance Assumed......................... 11,814,000 Reinsurance Ceded................................ 2,925,000 Net Premiums Written.......................... 30,810,000 Net Premiums Earned.......................... 34,048,000 Net Claims & Adj Exp........................... 26,754,000 Commissions.......................................... 5,539,000 Taxes...................................................................... General Expenses.................................. 3,792,000 Undwrwtg. Profit/Loss......................... –2,037,000 Investment Income................................. 7,187,000
Underwriting Result 2011:
–$2,037,000
2010:
–$877,000
Growth: –29.51% %
Growth Rate (NPW)................................. –37.53 % of Market (NPW)..................................... 0.08 Earned Loss Ratio..................................... 78.58 Total Expense Ratio.................................... 0.00 Combined Loss & Exp. Ratio...................... 0.00 Return on Equity......................................... 4.68
+$3,210,000
2009:
CAISSE CENTRALE DE REASSURANCE
–$1,531,000
R-F
Andre Fredette, Senior Vice President & Chief Agent 181 University Ave, Suite 2110, Toronto ON M5H 3M7 416-644-0821 Fax:416-644-0822 www.ccr.fr afredette@ccr.fr
Class
Net Prems Written
Net Prems Earned
Prop. - Personal...................... 8,087,000 8,425,000 Prop. - Commercial................. 9,240,000 11,663,000 Prop - Total ............................ 17,327,000 20,088,000 Aircraft..................................... –267,000 166,000 Auto. - Liability........................ 6,603,000 6,748,000 Auto. - Pers. Acc..................... 2,857,000 3,064,000 Auto. - Other............................ 2,806,000 3,026,000 Auto - Total ............................ 12,266,000 12,838,000 Boiler & Machinery.................. 55,000 55,000 Fidelity..................................... 560,000 519,000 Liability.................................... 18,291,000 17,027,000 Surety...................................... 1,904,000 1,868,000 Marine...................................... 47,000 95,000 Accident & Sickness................ ——————— ——————— Total 2011................................ 50,183,000 52,656,000 Total 2010................................ 47,990,000 47,407,000 Total 2009................................ 46,095,000 46,211,000 Total 2008................................ 39,553,000 40,530,000 Total 2007................................ 40,393,000 41,032,000
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2012 Stat Issue Reinsurance.indd 116
Net Claims Incurred
9,821,000 12,015,000 21,836,000 –235,000 5,563,000 3,515,000 1,748,000 10,826,000 –17,000 94,000 9,377,000 2,935,000 –27,000 5,000 ——————— 44,794,000 29,813,000 32,561,000 31,577,000 25,565,000
Claims Ratio
116.57 103.02 108.70 –141.57 82.44 114.72 57.77 84.33 –30.91 18.11 55.07 157.12 –28.42 0.00 ————— 85.07 62.89 70.46 77.91 62.31
2011 Underwriting Performance Summary
Reinsurance Assumed......................... 52,593,000 Reinsurance Ceded................................ 2,410,000 Net Premiums Written.......................... 50,183,000 Net Premiums Earned.......................... 52,656,000 Net Claims & Adj Exp........................... 44,794,000 Commissions........................................ 11,578,000 Taxes......................................................... 187,000 General Expenses.................................. 3,205,000 Undwrwtg. Profit/Loss......................... –7,108,000 Investment Income............................... 11,775,000
Underwriting Result 2011: 2008:
–$7,108,000 –$4,373,000
2010: 2007:
%
Growth Rate (NPW)..................................... 4.57 % of Market (NPW)..................................... 0.13 Earned Loss Ratio..................................... 85.07 Total Expense Ratio.................................. 28.43 Combined Loss & Exp. Ratio.................. 113.50 Return on Equity......................................... 6.26
+$2,270,000 +$1,327,000
2009:
–$505,000
canadianunderwriter.ca CANADIAN UNDERWRITER STATISTICAL ISSUE 2012
12-05-25 9:22 AM
2012 Stat Issue Reinsurance.indd 117
12-05-25 9:22 AM
ENDURANCE REINSURANCE CORPORATION Philip Cook, Chief Agent OF AMERICA 500 - 36 King St E
R-F
Toronto ON M5C 1E5 416-361-1728 Fax:416-361-6113
Class
Net Prems Written
Prop. - Personal...................... –18,000 Prop. - Commercial................. –78,000 Prop - Total ............................ –96,000 Aircraft..................................... –428,000 Auto. - Other............................ –34,000 Auto - Total ............................ –34,000 Boiler & Machinery.................. –6,000 Fidelity..................................... –19,000 Liability.................................... –310,000 Surety...................................... –340,000 Accident & Sickness................ –257,000 ——————— Total 2011................................ –1,490,000 Total 2010................................ 16,000 Total 2009................................ 96,000
Net Prems Earned
Net Claims Incurred
–18,000 –78,000 –96,000 0 –428,000 –34,000 –34,000 0 –6,000 –19,000 –310,000 –340,000 –257,000 ——————— ——————— –1,490,000 0 16,000 –569,000 96,000 –2,622,000
Claims Ratio
0.00 0.00
————— 0.00 –3,556.25 –2,731.25
2011 Underwriting Performance Summary
Reinsurance Assumed................................ 20,000 Reinsurance Ceded................................ 1,510,000 Net Premiums Written.......................... –1,490,000 Net Premiums Earned.......................... –1,490,000 Net Claims & Adj Exp........................................... 0 Commissions............................................. 107,000 Taxes...................................................................... General Expenses..................................... 141,000 Undwrwtg. Profit/Loss......................... –1,738,000 Investment Income.................................... 108,000
Underwriting Result 2011:
–$1,738,000
2010:
%
Growth Rate (NPW)............................ –9,412.50 % of Market (NPW)..................................... 0.00 Earned Loss Ratio....................................... 0.00 Total Expense Ratio.................................... 0.00 Combined Loss & Exp. Ratio...................... 0.00 Return on Equity....................................... 16.71
+$580,000
2009:
EVEREST REINSURANCE COMPANY
R-US
William G. Jonas, Chief Agent The Exchange Tower, P.O. Box 431 130 King St. W., Suite 2520 Toronto ON M5X 1E3 416-862-1228 Fax:416-366-5899
Class
Net Prems Written
Net Prems Earned
Prop. - Personal...................... 12,695,000 12,146,000 Prop. - Commercial................. 27,795,000 27,483,000 Prop - Total ............................ 40,490,000 39,629,000 Aircraft..................................... 35,000 381,000 Auto. - Liability........................ 39,029,000 38,702,000 Auto. - Other............................ 3,933,000 3,899,000 Auto - Total ............................ 42,962,000 42,601,000 Boiler & Machinery.................. 444,000 436,000 Credit....................................... Fidelity..................................... 1,744,000 1,133,000 Hail.......................................... 3,089,000 2,748,000 Liability.................................... 54,245,000 51,623,000 Mortgage................................. 1,558,000 1,558,000 Surety...................................... 7,428,000 6,372,000 Marine...................................... 567,000 543,000 Accident & Sickness................ 1,790,000 1,790,000 ——————— ——————— Total 2011................................ 154,352,000 148,814,000 Total 2010................................ 154,699,000 149,910,000 Total 2009................................ 136,057,000 131,860,000 Total 2008................................ 101,469,000 111,094,000 Total 2007................................ 142,971,000 152,271,000
Net Claims Incurred
9,942,000 18,152,000 28,094,000 271,000 26,666,000 1,792,000 28,458,000 264,000 –737,000 1,096,000 308,000 40,494,000 1,122,000 3,435,000 194,000 211,000 ——————— 103,210,000 91,355,000 81,632,000 86,674,000 69,387,000
Claims Ratio
81.85 66.05 70.89 71.13 68.90 45.96 66.80 60.55 0.00 96.73 11.21 78.44 72.02 53.91 35.73 11.79 ————— 69.36 60.94 61.91 78.02 45.57
2011 Underwriting Performance Summary
Reinsurance Assumed....................... 208,408,000 Reinsurance Ceded.............................. 54,056,000 Net Premiums Written........................ 154,352,000 Net Premiums Earned........................ 148,814,000 Net Claims & Adj Exp......................... 103,210,000 Commissions........................................ 33,499,000 Taxes...................................................................... General Expenses.................................. 6,939,000 Undwrwtg. Profit/Loss........................... 5,166,000 Investment Income............................... 27,909,000
Underwriting Result 2011: 2008:
+$5,166,000 –$3,930,000
2010: 2007:
+$2,277,000
%
Growth Rate (NPW)................................... –0.22 % of Market (NPW)..................................... 0.39 Earned Loss Ratio..................................... 69.36 Total Expense Ratio.................................... 0.00 Combined Loss & Exp. Ratio...................... 0.00 Return on Equity......................................... 7.58
+$21,439,000 +$42,638,000
2009:
FARM MUTUAL REINSURANCE PLAN
+$18,117,000
R-C
G.S. (Steve) Smith, President 350 Pinebush Rd, PO Box 3428 Cambridge ON N3H 4T3 519-740-6415 Fax:519-740-8852 Class
Net Prems Written
Prop. - Personal...................... 62,885,000 Prop - Total ............................ 62,885,000 Auto. - Liability........................ 36,211,000 Auto - Total ............................ 36,211,000 Boiler & Machinery.................. 52,000 Liability.................................... 19,838,000 Accident & Sickness................ 21,000 ——————— Total 2011................................ 119,007,000 Total 2010................................ 116,566,000 Total 2009................................ 107,826,000 Total 2008................................ 146,299,000 Total 2007................................ 134,069,000
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2012 Stat Issue Reinsurance.indd 118
Net Prems Earned
58,856,000 58,856,000 35,402,000 35,402,000 52,000 18,759,000 21,000 ——————— 113,090,000 113,988,000 115,947,000 146,449,000 136,119,000
Net Claims Incurred
81,615,000 81,615,000 23,981,000 23,981,000 5,000 –4,545,000 –22,000 ——————— 101,034,000 115,325,000 107,924,000 187,225,000 153,904,000
Claims Ratio
138.67 138.67 67.74 67.74 9.62 –24.23 –104.76 ————— 89.34 101.17 93.08 127.84 113.07
2011 Underwriting Performance Summary
Reinsurance Assumed....................... 184,329,000 Reinsurance Ceded.............................. 65,322,000 Net Premiums Written........................ 119,007,000 Net Premiums Earned........................ 113,090,000 Net Claims & Adj Exp......................... 101,034,000 Commissions........................................ 15,433,000 Taxes...................................................................... General Expenses.................................. 9,010,000 Undwrwtg. Profit/Loss......................... –1,251,000 Investment Income............................... 33,860,000
Underwriting Result 2011: 2008:
–$1,251,000 –$66,354,000
2010: 2007:
%
Growth Rate (NPW)..................................... 2.09 % of Market (NPW)..................................... 0.30 Earned Loss Ratio..................................... 89.34 Total Expense Ratio.................................... 0.00 Combined Loss & Exp. Ratio...................... 0.00 Return on Equity....................................... 14.98
–$22,457,000 –$39,622,000
2009:
–$9,993,000
canadianunderwriter.ca CANADIAN UNDERWRITER STATISTICAL ISSUE 2012
12-05-25 9:22 AM
GENERAL REINSURANCE CORPORATION
R-US
Christopher Walton, Vice-President & Chief Agent For Canada 1 First Canadian Place, Suite 5705, P.O. Box 471 Toronto ON M5X 1E4 416-869-0490 Fax:416-360-2020 www.genre.com
Class
Net Prems Written
Prop. - Personal...................... 776,000 Prop. - Commercial................. 35,742,000 Prop - Total ............................ 36,518,000 Aircraft..................................... 881,000 Auto. - Liability........................ 6,164,000 Auto. - Pers. Acc..................... 27,000 Auto. - Other............................ 462,000 Auto - Total ............................ 6,653,000 Boiler & Machinery.................. 124,000 Fidelity..................................... 1,046,000 Liability.................................... 3,843,000 Surety...................................... –92,000 Marine...................................... 1,435,000 ——————— Total 2011................................ 50,408,000 Total 2010................................ 56,301,000 Total 2009................................ 51,018,000 Total 2008................................ 37,070,000 Total 2007................................ 56,809,000
Net Prems Earned
Net Claims Incurred
1,192,000 36,628,000 15,556,000 37,820,000 15,556,000 992,000 442,000 6,367,000 –5,659,000 27,000 –1,409,000 351,000 –80,000 6,745,000 –7,148,000 114,000 58,000 1,004,000 109,000 3,744,000 –12,364,000 5,000 14,000 1,491,000 262,000 ——————— ——————— 51,915,000 –3,071,000 55,484,000 14,320,000 47,934,000 9,108,000 43,410,000 31,825,000 52,845,000 10,519,000
Claims Ratio
42.47 41.13 44.56 –88.88 –5,218.52 –22.79 –105.97 50.88 10.86 –330.24 280.00 17.57 ————— –5.92 25.81 19.00 73.31 19.91
2011 Underwriting Performance Summary
Reinsurance Assumed......................... 52,058,000 Reinsurance Ceded................................ 1,650,000 Net Premiums Written.......................... 50,408,000 Net Premiums Earned.......................... 51,915,000 Net Claims & Adj Exp........................... –3,071,000 Commissions.......................................... 2,414,000 Taxes........................................................... 80,000 General Expenses.................................. 9,010,000 Undwrwtg. Profit/Loss......................... 43,482,000 Investment Income................................. 5,255,000
Underwriting Result 2011: 2008:
+$43,482,000 –$3,290,000
2010: 2007:
%
Growth Rate (NPW)................................. –10.47 % of Market (NPW)..................................... 0.13 Earned Loss Ratio..................................... –5.92 Total Expense Ratio.................................. 22.16 Combined Loss & Exp. Ratio.................... 16.24 Return on Equity....................................... 23.72
+$24,516,000 +$26,305,000
2009:
HANNOVER RUCKVERSICHERUNG AG
Laurel E Grant, Chief Agent For Canada c/o D.M. Williams & Associates Ltd. 3650 Victoria Park Ave, Suite 201 Toronto ON M2H 3P7 416-496-1148 Fax:416-496-1089
Class
Net Prems Written
Net Prems Earned
Net Claims Incurred
Prop. - Commercial................. 55,789,000 56,378,000 52,939,000 Prop - Total ............................ 55,789,000 56,378,000 52,939,000 Aircraft..................................... 184,000 184,000 –19,000 Auto. - Liability........................ 25,712,000 23,055,000 24,537,000 Auto - Total ............................ 25,712,000 23,055,000 24,537,000 Boiler & Machinery.................. –54,000 –132,000 –541,000 Credit....................................... 1,562,000 1,387,000 280,000 Fidelity..................................... 928,000 791,000 333,000 Hail.......................................... 27,000 27,000 Liability.................................... 39,014,000 32,302,000 29,336,000 Surety...................................... 15,403,000 16,915,000 10,369,000 Marine...................................... 309,000 307,000 –147,000 Accident & Sickness................ 213,000 ——————— ——————— ——————— Total 2011................................ 138,874,000 131,214,000 117,300,000 Total 2010................................ 118,613,000 113,999,000 87,335,000 Total 2009................................ 100,785,000 100,417,000 89,586,000 Total 2008................................ 93,389,000 94,250,000 68,313,000 Total 2007................................ 104,970,000 102,708,000 60,342,000
Claims Ratio
93.90 93.90 –10.33 106.43 106.43 409.85 20.19 42.10 90.82 61.30 –47.88 0.00 ————— 89.40 76.61 89.21 72.48 58.75
2011 Underwriting Performance Summary
Reinsurance Assumed....................... 170,292,000 Reinsurance Ceded.............................. 31,418,000 Net Premiums Written........................ 138,874,000 Net Premiums Earned........................ 131,214,000 Net Claims & Adj Exp......................... 117,300,000 Commissions........................................ 29,496,000 Taxes...................................................................... General Expenses.................................. 2,407,000 Undwrwtg. Profit/Loss....................... –17,989,000 Investment Income............................... 18,743,000
Underwriting Result 2011: 2008:
–$17,989,000 +$3,478,000
2010: 2007:
%
–$233,000 +$17,501,000
2009:
V. Lorraine Williams, Chief Agent for Canada 3650 Victoria Park Ave, Suite 201 Toronto ON M2H 3P7 416-496-1148 Fax:416-496-1089
Net Prems Written
Net Prems Earned
Prop. - Personal...................... 9,601,000 9,420,000 Prop. - Commercial................. 6,401,000 6,278,000 Prop - Total ............................ 16,002,000 15,698,000 Aircraft..................................... Hail.......................................... 542,000 541,000 Liability.................................... 112,000 110,000 Surety...................................... 114,000 114,000 ——————— ——————— Total 2011................................ 16,770,000 16,463,000 Total 2010................................ 15,760,000 15,470,000 Total 2009................................ 13,096,000 12,928,000 Total 2008................................ 12,830,000 12,228,000 Total 2007................................ 11,695,000 10,571,000
Net Claims Incurred
5,915,000 3,944,000 9,859,000 107,000 –91,000 –2,000 34,000 ——————— 9,907,000 7,902,000 7,756,000 5,460,000 2,995,000
CANADIAN UNDERWRITER STATISTICAL ISSUE 2012
2012 Stat Issue Reinsurance.indd 119
Claims Ratio
62.79 62.82 62.80 0.00 –16.82 –1.82 29.82 ————— 60.18 51.08 59.99 44.65 28.33
2011 Underwriting Performance Summary
Reinsurance Assumed......................... 25,160,000 Reinsurance Ceded................................ 8,390,000 Net Premiums Written.......................... 16,770,000 Net Premiums Earned.......................... 16,463,000 Net Claims & Adj Exp............................. 9,907,000 Commissions.......................................... 4,393,000 Taxes...................................................................... General Expenses..................................... 687,000 Undwrwtg. Profit/Loss........................... 1,476,000 Investment Income................................. 1,144,000
Underwriting Result 2011: 2008:
+$1,476,000 +$2,676,000
2010: 2007:
R-F
Growth Rate (NPW)................................... 17.08 % of Market (NPW)..................................... 0.35 Earned Loss Ratio..................................... 89.40 Total Expense Ratio.................................... 0.00 Combined Loss & Exp. Ratio...................... 0.00 Return on Equity......................................... 0.55
MAPFRE RE COMPANIA DE REASEGUROS, S.A.
Class
+$23,049,000
–$12,113,000
R-US
%
Growth Rate (NPW)..................................... 6.41 % of Market (NPW)..................................... 0.04 Earned Loss Ratio..................................... 60.18 Total Expense Ratio.................................... 0.00 Combined Loss & Exp. Ratio...................... 0.00 Return on Equity......................................... 6.89
+$3,739,000 +$5,137,000
2009:
+$1,387,000
119
12-05-25 9:22 AM
MUNICH REINSURANCE AMERICA, INC.
R-US
Bernie Maingot, Chief Agent 390 Bay St, 22nd Floor Toronto ON M5H 2Y2 416-681-6944 Fax:416-591-8830 www.munichreamerica.com
Class
Net Prems Written
Net Prems Earned
Prop. - Personal...................... 238,000 238,000 Prop. - Commercial................. 6,041,000 6,699,000 Prop - Total ............................ 6,279,000 6,937,000 Aircraft..................................... Auto. - Liability........................ 797,000 926,000 Auto. - Pers. Acc..................... Auto. - Other............................ 122,000 122,000 Auto - Total ............................ 919,000 1,048,000 Boiler & Machinery.................. 562,000 562,000 Credit....................................... 325,000 325,000 Fidelity..................................... Liability.................................... 3,623,000 4,425,000 Surety...................................... 1,357,000 2,270,000 Marine...................................... 188,000 188,000 Accident & Sickness................ 101,000 101,000 ——————— ——————— Total 2011................................ 13,354,000 15,856,000 Total 2010................................ 13,954,000 12,904,000 Total 2009................................ 14,444,000 14,781,000 Total 2008................................ 14,844,000 15,454,000 Total 2007................................ 22,215,000 18,676,000
Net Claims Incurred
148,000 4,532,000 4,680,000 36,000 97,000 23,000 –14,000 106,000 149,000 –1,902,000 –16,000 2,532,000 –1,175,000 –179,000 55,000 ——————— 4,286,000 4,362,000 24,881,000 9,268,000 15,346,000
Claims Ratio
62.18 67.65 67.46 0.00 10.48 0.00 –11.48 10.11 26.51 –585.23 0.00 57.22 –51.76 –95.21 54.46 ————— 27.03 33.80 168.33 59.97 82.17
2011 Underwriting Performance Summary
Reinsurance Assumed......................... 13,354,000 Reinsurance Ceded................................................ Net Premiums Written.......................... 13,354,000 Net Premiums Earned.......................... 15,856,000 Net Claims & Adj Exp............................. 4,286,000 Commissions.......................................... 2,985,000 Taxes........................................................... 53,000 General Expenses..................................... 538,000 Undwrwtg. Profit/Loss........................... 7,958,000 Investment Income................................. 6,937,000
Underwriting Result 2011: 2008:
+$7,958,000 +$2,575,000
2010: 2007:
%
Growth Rate (NPW)................................... –4.30 % of Market (NPW)..................................... 0.03 Earned Loss Ratio..................................... 27.03 Total Expense Ratio.................................. 22.55 Combined Loss & Exp. Ratio.................... 49.58 Return on Equity....................................... 12.75
+$3,970,000 –$1,955,000
2009:
–$13,608,000
MUNICH REINSURANCE CANADA GROUP MUNICH REINSURANCE COMPANY OF CANADA TEMPLE INSURANCE COMPANY
Class
Net Prems Written
Net Prems Earned
Net Claims Incurred
Prop. - Personal...................... 37,351,000 33,694,000 46,455,000 Prop. - Commercial................. 81,770,000 91,138,000 76,782,000 Prop - Total ............................ 119,121,000 124,832,000 123,237,000 Aircraft..................................... –1,057,000 Auto. - Liability........................ 13,179,000 13,236,000 6,349,000 Auto. - Pers. Acc..................... 18,396,000 17,851,000 14,944,000 Auto. - Other............................ 7,227,000 7,013,000 –618,000 Auto - Total ............................ 38,802,000 38,100,000 20,675,000 Boiler & Machinery.................. 2,436,000 2,590,000 –293,000 Fidelity..................................... 487,000 487,000 –5,000 Hail.......................................... 135,000 135,000 –92,000 Legal Expense......................... 57,000 57,000 Liability.................................... 103,148,000 108,230,000 53,929,000 Surety...................................... 6,791,000 5,676,000 2,578,000 Marine...................................... –33,000 Accident & Sickness................ –294,000 ——————— ——————— ——————— Total 2011................................ 270,977,000 280,107,000 198,645,000 Total 2010................................ 291,363,000 295,934,000 182,634,000 Total 2009................................ 291,861,000 293,858,000 184,787,000 Total 2008................................ 289,581,000 292,186,000 160,012,000 Total 2007................................ 302,928,000 313,593,000 167,835,000
Claims Ratio
137.87 84.25 98.72 0.00 47.97 83.72 –8.81 54.27 –11.31 –1.03 –68.15 49.83 45.42 0.00 0.00 ————— 70.92 61.71 62.88 54.76 53.52
2011 Direct Premiums Written: +153,265,000 2011 Underwriting Performance Summary
Reinsurance Assumed....................... 195,969,000 Reinsurance Ceded.............................. 78,257,000 Net Premiums Written........................ 270,977,000 Net Premiums Earned........................ 280,107,000 Net Claims & Adj Exp......................... 198,645,000 Commissions........................................ 61,344,000 Taxes...................................................... 5,758,000 General Expenses................................ 26,098,000 Undwrwtg. Profit/Loss....................... –11,738,000 Investment Income............................... 68,099,000
Underwriting Result 2011: 2008:
–$11,738,000 +$32,895,000
R-F
Kenneth B. Irvin, CGA, President & CEO 390 Bay St., 22nd Floor Toronto ON M5H 2Y2 416-366-9206 Fax:416-366-4330
2010: 2007:
Growth: –13.98% %
Growth Rate (NPW)................................... –7.00 % of Market (NPW)..................................... 0.69 Earned Loss Ratio..................................... 70.92 Total Expense Ratio.................................. 33.27 Combined Loss & Exp. Ratio.................. 104.19 Return on Equity....................................... 12.13
+$8,849,000 +$36,392,000
2009:
MUNICH REINSURANCE COMPANY OF CANADA 416-366-9206 Fax:416-366-4330
Class
Net Prems Written
Net Prems Earned
Net Claims Incurred
Prop. - Personal...................... 37,351,000 33,694,000 46,455,000 Prop. - Commercial................. 57,451,000 66,588,000 61,940,000 Prop - Total ............................ 94,802,000 100,282,000 108,395,000 Aircraft..................................... –27,000 Auto. - Liability........................ 13,179,000 13,236,000 6,692,000 Auto. - Pers. Acc..................... 18,396,000 17,851,000 14,944,000 Auto. - Other............................ 7,227,000 7,013,000 –618,000 Auto - Total ............................ 38,802,000 38,100,000 21,018,000 Boiler & Machinery.................. 2,565,000 2,676,000 –285,000 Fidelity..................................... 487,000 487,000 –5,000 Hail.......................................... 135,000 135,000 –92,000 Legal Expense......................... 57,000 57,000 Liability.................................... 35,018,000 34,650,000 763,000 Surety...................................... 6,791,000 5,676,000 2,580,000 Marine...................................... –32,000 Accident & Sickness................ –294,000 ——————— ——————— ——————— Total 2011................................ 178,657,000 182,063,000 132,021,000 Total 2010................................ 187,697,000 189,988,000 123,422,000 Total 2009................................ 188,173,000 186,603,000 133,219,000 Total 2008................................ 178,579,000 181,984,000 115,301,000 Total 2007................................ 185,239,000 201,465,000 129,251,000 120
2012 Stat Issue Reinsurance.indd 120
Claims Ratio
137.87 93.02 108.09 0.00 50.56 83.72 –8.81 55.17 –10.65 –1.03 –68.15 2.20 45.45 0.00 0.00 ————— 72.51 64.96 71.39 63.36 64.16
2011 Underwriting Performance Summary
Reinsurance Assumed....................... 224,078,000 Reinsurance Ceded.............................. 45,421,000 Net Premiums Written........................ 178,657,000 Net Premiums Earned........................ 182,063,000 Net Claims & Adj Exp......................... 132,021,000 Commissions........................................ 36,727,000 Taxes......................................................... 213,000 General Expenses................................ 17,037,000 Undwrwtg. Profit/Loss......................... –3,935,000 Investment Income............................... 48,016,000
Underwriting Result 2011: 2008:
–$3,935,000 +$12,724,000
2010: 2007:
+$10,487,000
R-C
%
Growth Rate (NPW)................................... –4.82 % of Market (NPW)..................................... 0.46 Earned Loss Ratio..................................... 72.51 Total Expense Ratio.................................. 29.65 Combined Loss & Exp. Ratio.................. 102.16 Return on Equity....................................... 14.58
+$8,985,000 +$13,720,000
2009:
–$1,116,000
canadianunderwriter.ca CANADIAN UNDERWRITER STATISTICAL ISSUE 2012
12-05-25 9:22 AM
NIPPONKOA INSURANCE COMPANY LIMITED
R-F
George Petropoulos, Chief Agent St Paul Fire & Marine Insurance, 20 Queen St W, Suite 200 PO Box 5 Toronto ON M5H 3R3 416-601-2543 Fax:416-604-4432
Class
Net Prems Written
Prop. - Commercial................. 504,000 Prop - Total ............................ 504,000 Auto. - Liability........................ 113,000 Auto. - Pers. Acc..................... 43,000 Auto. - Other............................ 88,000 Auto - Total ............................ 244,000 Liability.................................... 227,000 Marine...................................... 176,000 ——————— Total 2011................................ 1,151,000 Total 2010................................ 1,015,000 Total 2009................................ 1,170,000 Total 2008................................ 1,407,000 Total 2007................................ 1,370,000
Net Prems Earned
420,000 420,000 108,000 42,000 87,000 237,000 200,000 217,000 ——————— 1,074,000 1,027,000 1,203,000 1,347,000 1,296,000
Net Claims Incurred
–76,000 –76,000 20,000 –29,000 –9,000 –18,000 –33,000 23,000 ——————— –104,000 242,000 112,000 346,000 210,000
Claims Ratio
–18.10 –18.10 18.52 –69.05 –10.34 –7.59 –16.50 10.60 ————— –9.68 23.56 9.31 25.69 16.20
2011 Direct Premiums Written: +858,000 2011 Underwriting Performance Summary
Reinsurance Assumed.............................. 301,000 Reinsurance Ceded....................................... 8,000 Net Premiums Written............................ 1,151,000 Net Premiums Earned............................ 1,074,000 Net Claims & Adj Exp.............................. –104,000 Commissions............................................. 196,000 Taxes........................................................... 19,000 General Expenses..................................... 463,000 Undwrwtg. Profit/Loss.............................. 500,000 Investment Income................................. 1,016,000
Underwriting Result 2011: 2008:
+$500,000 +$336,000
2010: 2007:
Growth: 2.75% %
Growth Rate (NPW)................................... 13.40 % of Market (NPW)..................................... 0.00 Earned Loss Ratio..................................... –9.68 Total Expense Ratio.................................. 63.13 Combined Loss & Exp. Ratio.................... 53.45 Return on Equity......................................... 4.04
+$231,000 +$461,000
2009:
ODYSSEY REINSURANCE COMPANY
+$417,000
R-US
Lambert Morvan, Senior Vice President & Chief Agent 55 University Ave., Suite 1600 Toronto ON M5J 2H7 416-862-0162 Fax:416-367-3248 www.odysseyre.com
Class
Net Prems Written
Prop. - Personal...................... 16,231,000 Prop. - Commercial................. 19,364,000 Prop - Total ............................ 35,595,000 Aircraft..................................... 52,000 Auto. - Liability........................ 8,528,000 Auto. - Other............................ 3,088,000 Auto - Total ............................ 11,616,000 Boiler & Machinery.................. 68,000 Fidelity..................................... 39,000 Hail.......................................... 2,535,000 Liability.................................... 11,798,000 Surety...................................... 3,657,000 Marine...................................... 316,000 Accident & Sickness................ 1,000 ——————— Total 2011................................ 65,677,000 Total 2010................................ 62,137,000 Total 2009................................ 45,180,000 Total 2008................................ 43,801,000 Total 2007................................ 49,177,000
Net Prems Earned
15,848,000 20,369,000 36,217,000 53,000 8,041,000 3,076,000 11,117,000 68,000 39,000 2,535,000 11,100,000 3,714,000 209,000 1,000 ——————— 65,053,000 60,615,000 45,367,000 45,487,000 48,501,000
Net Claims Incurred
6,357,000 27,737,000 34,094,000 37,000 7,842,000 258,000 8,100,000 6,000 –10,000 1,051,000 7,984,000 2,764,000 35,000 –74,000 ——————— 53,987,000 39,544,000 27,690,000 34,702,000 26,364,000
Claims Ratio
40.11 136.17 94.14 69.81 97.53 8.39 72.86 8.82 –25.64 41.46 71.93 74.42 16.75 –7,400.00 ————— 82.99 65.24 61.04 76.29 54.36
2011 Underwriting Performance Summary
Reinsurance Assumed......................... 70,720,000 Reinsurance Ceded................................ 5,043,000 Net Premiums Written.......................... 65,677,000 Net Premiums Earned.......................... 65,053,000 Net Claims & Adj Exp........................... 53,987,000 Commissions........................................ 12,613,000 Taxes...................................................................... General Expenses.................................. 3,051,000 Undwrwtg. Profit/Loss......................... –4,598,000 Investment Income............................... 13,295,000
Underwriting Result 2011: 2008:
–$4,598,000 –$43,000
2010: 2007:
%
Growth Rate (NPW)..................................... 5.70 % of Market (NPW)..................................... 0.17 Earned Loss Ratio..................................... 82.99 Total Expense Ratio.................................... 0.00 Combined Loss & Exp. Ratio...................... 0.00 Return on Equity......................................... 4.72
+$6,874,000 +$8,660,000
2009:
PARTNER REINSURANCE COMPANY OF THE U.S.
R-F
2011 Underwriting Performance Summary
%
Herve Castella, Chief Agent Canadian Branch Canadian Branch, 123 Front St W, Suite 909 Toronto ON M5J 2M2 416-861-0033 Fax:416-861-0200 www.partnerre.com
Class
Net Prems Written
Net Prems Earned
Net Claims Incurred
Prop. - Commercial................. 62,508,000 75,309,000 63,954,000 Prop - Total ............................ 62,508,000 75,309,000 63,954,000 Aircraft..................................... –1,184,000 415,000 359,000 Auto. - Liability........................ 16,653,000 15,607,000 10,114,000 Auto - Total ............................ 16,653,000 15,607,000 10,114,000 Boiler & Machinery.................. 1,452,000 Hail.......................................... 12,311,000 12,311,000 1,827,000 Liability.................................... 14,977,000 12,814,000 14,300,000 Surety...................................... 4,740,000 6,087,000 1,667,000 Marine...................................... –12,000 ——————— ——————— ——————— Total 2011................................ 110,005,000 123,995,000 92,209,000 Total 2010................................ 102,301,000 106,899,000 86,762,000 Total 2009................................ 103,292,000 108,184,000 72,885,000 Total 2008................................ 104,629,000 104,278,000 63,797,000 Total 2007................................ 124,350,000 132,122,000 74,826,000
CANADIAN UNDERWRITER STATISTICAL ISSUE 2012
2012 Stat Issue Reinsurance.indd 121
+$5,634,000
Claims Ratio
84.92 84.92 86.51 64.80 64.80 14.84 111.60 27.39 0.00 ————— 74.37 81.16 67.37 61.18 56.63
Reinsurance Assumed....................... 120,115,000 Reinsurance Ceded.............................. 10,110,000 Net Premiums Written........................ 110,005,000 Net Premiums Earned........................ 123,995,000 Net Claims & Adj Exp........................... 92,209,000 Commissions........................................ 27,329,000 Taxes...................................................................... General Expenses.................................. 7,487,000 Undwrwtg. Profit/Loss......................... –3,030,000 Investment Income............................... 40,931,000
Underwriting Result 2011: 2008:
–$3,030,000 +$2,618,000
2010: 2007:
Growth Rate (NPW)..................................... 7.53 % of Market (NPW)..................................... 0.28 Earned Loss Ratio..................................... 74.37 Total Expense Ratio.................................... 0.00 Combined Loss & Exp. Ratio...................... 0.00 Return on Equity......................................... 6.97
–$13,134,000 +$12,947,000
2009:
–$540,000
121
12-05-25 9:22 AM
PROMUTUEL REASSURANCE
R-C
2000 boulevard Lebourgneuf, bureau 400 Quebec QC G2K 0B6 418-840-1313 Fax:418-840-9900 www.promutuel.ca liliane.breton@promutuel.ca
Class
Net Prems Written
Prop. - Personal...................... 41,078,000 Prop. - Commercial................. 40,953,000 Prop - Total ............................ 82,031,000 Auto. - Liability........................ 8,267,000 Auto. - Pers. Acc..................... 674,000 Auto. - Other............................ 15,115,000 Auto - Total ............................ 24,056,000 Liability.................................... 4,758,000 Surety...................................... 76,000 ——————— Total 2011................................ 110,921,000 Total 2010................................ 114,108,000 Total 2009................................ 110,913,000 Total 2008................................ 88,630,000 Total 2007................................ 120,930,000
Net Prems Earned
41,793,000 40,598,000 82,391,000 8,123,000 593,000 15,365,000 24,081,000 4,652,000 74,000 ——————— 111,198,000 111,274,000 106,753,000 102,995,000 116,013,000
Net Claims Incurred
29,583,000 33,100,000 62,683,000 3,979,000 202,000 5,892,000 10,073,000 13,933,000 1,000 ——————— 86,690,000 58,218,000 70,919,000 87,836,000 81,141,000
Claims Ratio
70.78 81.53 76.08 48.98 34.06 38.35 41.83 299.51 1.35 ————— 77.96 52.32 66.43 85.28 69.94
2011 Direct Premiums Written: +14,418,000 2011 Underwriting Performance Summary
Reinsurance Assumed....................... 126,788,000 Reinsurance Ceded.............................. 30,285,000 Net Premiums Written........................ 110,921,000 Net Premiums Earned........................ 111,198,000 Net Claims & Adj Exp........................... 86,690,000 Commissions........................................ 20,832,000 Taxes......................................................... 512,000 General Expenses................................ 10,256,000 Undwrwtg. Profit/Loss......................... –7,092,000 Investment Income................................. 7,430,000
Underwriting Result 2011:
–$7,092,000
2010:
Growth: –6.27% %
Growth Rate (NPW)................................... –2.79 % of Market (NPW)..................................... 0.28 Earned Loss Ratio..................................... 77.96 Total Expense Ratio.................................. 28.42 Combined Loss & Exp. Ratio.................. 106.38 Return on Equity....................................... –0.32
+$17,615,000
2009:
+$4,480,000
SCOR CANADA REINSURANCE COMPANY
R-C
Henry Klecan Jr., President & C.E.O. TD Canada Trust Tower, Brookfield Place 161 Bay St., Suite 5000 Toronto ON M5J 2S1 416-869-3670 Fax:416-365-9393
Class
Net Prems Written
Net Prems Earned
Prop. - Personal...................... 3,882,000 3,467,000 Prop. - Commercial................. 105,529,000 109,635,000 Prop - Total ............................ 109,411,000 113,102,000 Aircraft..................................... Auto. - Liability........................ 19,251,000 19,314,000 Auto. - Pers. Acc..................... –7,000 –7,000 Auto. - Other............................ 12,244,000 13,090,000 Auto - Total ............................ 31,488,000 32,397,000 Boiler & Machinery.................. 3,000 170,000 Fidelity..................................... 85,000 85,000 Hail.......................................... 430,000 434,000 Liability.................................... 10,396,000 10,807,000 Surety...................................... 5,411,000 5,139,000 Marine...................................... 56,000 56,000 ——————— ——————— Total 2011................................ 157,280,000 162,190,000 Total 2010................................ 156,186,000 160,345,000 Total 2009................................ 148,508,000 146,012,000 Total 2008................................ 87,396,000 87,952,000 Total 2007................................ 97,838,000 96,765,000
Net Claims Incurred
3,968,000 87,663,000 91,631,000 1,000 17,275,000 5,697,000 14,613,000 37,585,000 –83,000 5,000 –8,000 14,575,000 4,472,000 –51,000 ——————— 148,127,000 120,282,000 106,704,000 52,890,000 62,107,000
Claims Ratio
114.45 79.96 81.02 0.00 89.44 –81,385.71 111.63 116.01 –48.82 5.88 –1.84 134.87 87.02 –91.07 ————— 91.33 75.01 73.08 60.14 64.18
2011 Underwriting Performance Summary
Reinsurance Assumed....................... 178,769,000 Reinsurance Ceded.............................. 21,489,000 Net Premiums Written........................ 157,280,000 Net Premiums Earned........................ 162,190,000 Net Claims & Adj Exp......................... 148,127,000 Commissions........................................ 34,641,000 Taxes...................................................................... General Expenses.................................. 9,538,000 Undwrwtg. Profit/Loss....................... –30,116,000 Investment Income............................... 27,289,000
Underwriting Result 2011: 2008:
–$30,116,000 +$2,682,000
2010: 2007:
%
Growth Rate (NPW)..................................... 0.70 % of Market (NPW)..................................... 0.40 Earned Loss Ratio..................................... 91.33 Total Expense Ratio.................................... 0.00 Combined Loss & Exp. Ratio...................... 0.00 Return on Equity....................................... –0.99
–$3,526,000 +$785,000
2009:
SIRIUS AMERICA INSURANCE COMPANY
–$1,673,000
John Game, Senior Vice-President & Chief Agent 80 Bloor St. W., Suite 1202 Toronto ON M5S 2V1 416-928-2430 Fax:416-928-2459
Class
Net Prems Written
Net Prems Earned
Net Claims Incurred
Prop. - Personal...................... 8,097,000 8,967,000 5,703,000 Prop. - Commercial................. 4,702,000 5,099,000 4,984,000 Prop - Total ............................ 12,799,000 14,066,000 10,687,000 Auto. - Liability........................ 247,000 269,000 466,000 Auto. - Other............................ 1,713,000 1,716,000 826,000 Auto - Total ............................ 1,960,000 1,985,000 1,292,000 Hail.......................................... 383,000 343,000 Liability.................................... 384,000 331,000 432,000 Surety...................................... –10,000 ——————— ——————— ——————— Total 2011................................ 15,526,000 16,725,000 12,401,000 Total 2010................................ 14,279,000 12,375,000 856,000 Total 2009................................ 6,748,000 6,987,000 1,071,000 Total 2008................................ 7,812,000 8,416,000 8,647,000 Total 2007................................ 16,517,000 21,237,000 6,572,000
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Claims Ratio
63.60 97.74 75.98 173.23 48.14 65.09 130.51 0.00 ————— 74.15 6.92 15.33 102.74 30.95
2011 Underwriting Performance Summary
Reinsurance Assumed......................... 16,423,000 Reinsurance Ceded................................... 897,000 Net Premiums Written.......................... 15,526,000 Net Premiums Earned.......................... 16,725,000 Net Claims & Adj Exp........................... 12,401,000 Commissions.......................................... 3,634,000 Taxes...................................................................... General Expenses.................................. 2,408,000 Undwrwtg. Profit/Loss......................... –1,718,000 Investment Income................................. 1,755,000
Underwriting Result 2011: 2008:
–$1,718,000 –$4,018,000
2010: 2007:
R-US
%
Growth Rate (NPW)..................................... 8.73 % of Market (NPW)..................................... 0.04 Earned Loss Ratio..................................... 74.15 Total Expense Ratio.................................... 0.00 Combined Loss & Exp. Ratio...................... 0.00 Return on Equity......................................... 0.23
+$6,808,000 +$7,581,000
2009:
+$2,746,000
canadianunderwriter.ca CANADIAN UNDERWRITER STATISTICAL ISSUE 2012
12-05-25 9:22 AM
- © Getty Images
HOLDS ITS COURSE
Global reinsurer
SCOP009_CONT_CAN-UND_8,125X10,875_GB.indd 1 2012 Stat Issue Reinsurance.indd 123
The fifth largest reinsurer in the world, SCOR has a balanced business model with three powerful engines: SCOR Global Life (Life reinsurance), SCOR Global P&C (Non-Life reinsurance) and SCOR Global Investments (asset management). With the acquisition of Transamerica Re in August 2011, SCOR has further accelerated its development, as part of its strategic plan for the period 2010-2013, “Strong Momentum”. Despite an uncertain and difficult environment, SCOR is on track in terms of the objectives of its strategic plan and the four cornerstones of its business model: a strong franchise, a controlled risk appetite, high diversification and a robust capital shield. With a pro-forma premium income of EUR 8.6 billion in 2011 and net assets of EUR 4.4 billion at 31 December 2011, SCOR therefore continues to reinforce its position among the leading global reinsurers, as well as the added value it brings to its clients. www.scor.com
09/05/12 16:50 12-05-25 9:22 AM
SWISS REINSURANCE GROUP SWISS REINSURANCE COMPANY LTD WESTPORT INSURANCE CORPORATION
Class
Net Prems Written
Prop. - Personal...................... 7,489,000 Prop. - Commercial................. 80,937,000 Prop - Total ............................ 88,426,000 Aircraft..................................... 12,656,000 Auto. - Liability........................ 2,469,000 Auto. - Pers. Acc..................... 2,180,000 Auto. - Other............................ 1,797,000 Auto - Total ............................ 6,446,000 Boiler & Machinery.................. 1,225,000 Fidelity..................................... 125,000 Hail.......................................... 4,301,000 Liability.................................... 31,013,000 Surety...................................... 6,623,000 Marine...................................... 2,323,000 Accident & Sickness................ –859,000 ——————— Total 2011................................ 152,279,000 Total 2010................................ 152,062,000 Total 2009................................ 137,496,000 Total 2008................................ 143,715,000 Total 2007................................ 228,310,000
Net Prems Earned
5,531,000 75,565,000 81,096,000 13,118,000 2,361,000 2,417,000 1,432,000 6,210,000 935,000 125,000 4,660,000 35,204,000 5,270,000 2,168,000 –859,000 ——————— 147,927,000 154,843,000 141,302,000 201,569,000 265,176,000
Net Claims Incurred
3,943,000 47,361,000 51,304,000 11,117,000 –760,000 –904,000 716,000 –948,000 1,260,000 –138,000 10,000 11,416,000 –1,080,000 407,000 491,000 ——————— 73,839,000 53,699,000 76,769,000 106,003,000 140,700,000
Claims Ratio
71.29 62.68 63.26 84.75 –32.19 –37.40 50.00 –15.27 134.76 –110.40 0.21 32.43 –20.49 18.77 –57.16 ————— 49.92 34.68 54.33 52.59 53.06
Sharon Ludlow, President & Chief Executive Officer 150 King St. W, Suite 2200 Toronto ON M5H 1J9 647-775-2347 Fax:416-408-4222 www.swissre.com/canada
2011 Direct Premiums Written: +138,581,000 2011 Underwriting Performance Summary
Reinsurance Assumed....................... 364,714,000 Reinsurance Ceded............................ 351,016,000 Net Premiums Written........................ 152,279,000 Net Premiums Earned........................ 147,927,000 Net Claims & Adj Exp........................... 73,839,000 Commissions.......................................... 2,914,000 Taxes...................................................... 4,534,000 General Expenses................................ 29,779,000 Undwrwtg. Profit/Loss......................... 36,861,000 Investment Income............................... 13,598,000
Underwriting Result 2011: 2008:
+$36,861,000 +$30,475,000
2010: 2007:
Growth: 7.04% %
Growth Rate (NPW)..................................... 0.14 % of Market (NPW)..................................... 0.39 Earned Loss Ratio..................................... 49.92 Total Expense Ratio.................................. 25.17 Combined Loss & Exp. Ratio.................... 75.09 Return on Equity......................................... 8.46
+$59,746,000 +$49,054,000
2009:
SWISS REINSURANCE COMPANY LTD
Net Prems Written
Prop. - Personal...................... 7,489,000 Prop. - Commercial................. 59,932,000 Prop - Total ............................ 67,421,000 Aircraft..................................... 5,166,000 Auto. - Liability........................ 2,362,000 Auto. - Pers. Acc..................... 2,180,000 Auto. - Other............................ 1,797,000 Auto - Total ............................ 6,339,000 Boiler & Machinery.................. 434,000 Fidelity..................................... 125,000 Hail.......................................... 2,553,000 Liability.................................... 15,219,000 Surety...................................... 2,211,000 Marine...................................... 1,679,000 Accident & Sickness................ –859,000 ——————— Total 2011................................ 100,288,000 Total 2010................................ 99,114,000 Total 2009................................ 91,137,000 Total 2008................................ 118,675,000 Total 2007................................ 39,197,000
Net Prems Earned
5,531,000 56,198,000 61,729,000 5,347,000 2,254,000 2,417,000 1,432,000 6,103,000 341,000 125,000 2,530,000 16,691,000 1,677,000 1,172,000 –859,000 ——————— 94,856,000 99,846,000 92,360,000 84,986,000 36,814,000
Net Claims Incurred
3,943,000 34,806,000 38,749,000 4,516,000 –810,000 –904,000 716,000 –998,000 896,000 –138,000 –1,000 785,000 –316,000 238,000 491,000 ——————— 44,222,000 33,091,000 51,739,000 59,805,000 8,610,000
Claims Ratio
71.29 61.93 62.77 84.46 –35.94 –37.40 50.00 –16.35 262.76 –110.40 –0.04 4.70 –18.84 20.31 –57.16 ————— 46.62 33.14 56.02 70.37 23.39
2011 Underwriting Performance Summary
Reinsurance Assumed....................... 423,008,000 Reinsurance Ceded............................ 322,720,000 Net Premiums Written........................ 100,288,000 Net Premiums Earned.......................... 94,856,000 Net Claims & Adj Exp........................... 44,222,000 Commissions.......................................... 4,616,000 Taxes...................................................................... General Expenses................................ 24,085,000 Undwrwtg. Profit/Loss......................... 21,933,000 Investment Income............................... 10,270,000
Underwriting Result 2011: 2008:
+$21,933,000 –$1,560,000
2010: 2007:
+$19,091,000
R-F
Sharon Ludlow, Chief Agent 150 King St. W, Suite 2200 Toronto ON M5H 1J9 647-775-2347 Fax:416-408-4222 www.swissre.com/canada
Class
R-F
%
Growth Rate (NPW)..................................... 1.18 % of Market (NPW)..................................... 0.26 Earned Loss Ratio..................................... 46.62 Total Expense Ratio.................................... 0.00 Combined Loss & Exp. Ratio...................... 0.00 Return on Equity......................................... 7.33
+$37,746,000 +$16,901,000
2009:
WESTPORT INSURANCE CORPORATION
+$9,543,000
R-US
Stephen J. Ritter, FCIP, CRM, Senior Vice President & Chief Agent In Canada 150 King St W, Suite 1000 Toronto ON M5H 1J9 647-777-5576 Fax:416-847-3698
Class
Net Prems Written
Prop. - Commercial................. 21,005,000 Prop - Total ............................ 21,005,000 Aircraft..................................... 7,490,000 Auto. - Liability........................ 107,000 Auto - Total ............................ 107,000 Boiler & Machinery.................. 791,000 Hail.......................................... 1,748,000 Liability.................................... 15,794,000 Surety...................................... 4,412,000 Marine...................................... 644,000 ——————— Total 2011................................ 51,991,000 Total 2010................................ 52,948,000 Total 2009................................ 46,359,000 Total 2008................................ 24,810,000 Total 2007................................ 64,208,000
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2012 Stat Issue Reinsurance.indd 124
Net Prems Earned
19,367,000 19,367,000 7,771,000 107,000 107,000 594,000 2,130,000 18,513,000 3,593,000 996,000 ——————— 53,071,000 54,997,000 48,942,000 71,033,000 95,335,000
Net Claims Incurred
12,555,000 12,555,000 6,601,000 50,000 50,000 364,000 11,000 10,631,000 –764,000 169,000 ——————— 29,617,000 20,608,000 25,030,000 31,260,000 92,227,000
Claims Ratio
64.83 64.83 84.94 46.73 46.73 61.28 0.52 57.42 –21.26 16.97 ————— 55.81 37.47 51.14 44.01 96.74
2011 Direct Premiums Written: +138,581,000 2011 Underwriting Performance Summary
Reinsurance Assumed......................... 27,615,000 Reinsurance Ceded............................ 114,205,000 Net Premiums Written.......................... 51,991,000 Net Premiums Earned.......................... 53,071,000 Net Claims & Adj Exp........................... 29,617,000 Commissions........................................ –1,702,000 Taxes...................................................... 4,534,000 General Expenses.................................. 5,694,000 Undwrwtg. Profit/Loss......................... 14,928,000 Investment Income................................. 3,328,000
Underwriting Result 2011: 2008:
+$14,928,000 +$19,477,000
2010: 2007:
Growth: 7.04% %
Growth Rate (NPW)................................... –1.81 % of Market (NPW)..................................... 0.13 Earned Loss Ratio..................................... 55.81 Total Expense Ratio.................................. 16.07 Combined Loss & Exp. Ratio.................... 71.88 Return on Equity....................................... 12.50
+$22,000,000 –$18,654,000
2009:
+$9,548,000
canadianunderwriter.ca CANADIAN UNDERWRITER STATISTICAL ISSUE 2012
12-05-25 9:22 AM
T.H.E. INSURANCE COMPANY
R-US
Steven Frye, Chief Agent 200 University Ave, 14th Floor Toronto ON M5H 3C6 www.theinsco.com sfrye@cooksonwalker.on.ca
Class
Net Prems Written
Auto. - Liability........................ 2,000 Auto - Total ............................ 2,000 Liability.................................... 86,000 ——————— Total 2011................................ 88,000 Total 2010................................ 88,000 Total 2009................................ 19,000 Total 2008................................ 50,000 Total 2007................................ 63,000
Net Prems Earned
Net Claims Incurred
4,000 4,000 0 91,000 45,000 ——————— ——————— 95,000 45,000 54,000 –27,000 32,000 –43,000 43,000 26,000 91,000 21,000
Claims Ratio
0.00 49.45 ————— 47.37 –50.00 –134.38 60.47 23.08
2011 Direct Premiums Written: +103,000 2011 Underwriting Performance Summary
Reinsurance Assumed........................................... Reinsurance Ceded..................................... 15,000 Net Premiums Written................................. 88,000 Net Premiums Earned................................. 95,000 Net Claims & Adj Exp.................................. 45,000 Commissions............................................... 15,000 Taxes............................................................. 3,000 General Expenses..................................... 144,000 Undwrwtg. Profit/Loss............................ –112,000 Investment Income...................................... 48,000
Underwriting Result 2011: 2008:
–$112,000 –$120,000
Growth: 5.10% %
Growth Rate (NPW)..................................... 0.00 % of Market (NPW)..................................... 0.00 Earned Loss Ratio..................................... 47.37 Total Expense Ratio................................ 170.53 Combined Loss & Exp. Ratio.................. 217.90 Return on Equity....................................... –2.51
2010: 2007:
–$39,000 –$80,000
2009:
–$68,000
THE TOA REINSURANCE COMPANY OF AMERICA
R-F
2011 Underwriting Performance Summary
%
Caroline Kane, Senior Vice-President & Chief Agent in Canada 200 King St West, Suite 1001, PO Box 41 Toronto ON M5H 3T4 416-366-5888 Fax:416-366-7444 www.toare.com
Class
Net Prems Written
Net Prems Earned
Prop. - Personal...................... 6,816,000 7,475,000 Prop. - Commercial................. 5,891,000 5,777,000 Prop - Total ............................ 12,707,000 13,252,000 Auto. - Liability........................ 10,366,000 10,197,000 Auto - Total ............................ 10,366,000 10,197,000 Fidelity..................................... 225,000 225,000 Hail.......................................... Liability.................................... 15,962,000 15,385,000 Surety...................................... 11,000 11,000 Marine...................................... 70,000 208,000 ——————— ——————— Total 2011................................ 39,341,000 39,278,000 Total 2010................................ 35,832,000 34,576,000 Total 2009................................ 37,156,000 35,944,000 Total 2008................................ 27,420,000 28,374,000 Total 2007................................ 40,082,000 40,477,000
Net Claims Incurred
6,401,000 6,272,000 12,673,000 6,849,000 6,849,000 –102,000 –113,000 11,149,000 –374,000 30,000 ——————— 30,112,000 25,059,000 26,253,000 24,222,000 20,754,000
Claims Ratio
85.63 108.57 95.63 67.17 67.17 –45.33 0.00 72.47 –3,400.00 14.42 ————— 76.66 72.48 73.04 85.37 51.27
Reinsurance Assumed......................... 52,047,000 Reinsurance Ceded.............................. 12,706,000 Net Premiums Written.......................... 39,341,000 Net Premiums Earned.......................... 39,278,000 Net Claims & Adj Exp........................... 30,112,000 Commissions.......................................... 6,094,000 Taxes...................................................................... General Expenses.................................. 2,994,000 Undwrwtg. Profit/Loss................................ 78,000 Investment Income................................. 6,258,000
Underwriting Result 2011: 2008:
+$78,000 –$3,387,000
2010: 2007:
Growth Rate (NPW)..................................... 9.79 % of Market (NPW)..................................... 0.10 Earned Loss Ratio..................................... 76.66 Total Expense Ratio.................................... 0.00 Combined Loss & Exp. Ratio...................... 0.00 Return on Equity......................................... 7.04
+$777,000 +$9,432,000
2009:
+$262,000
Birds on a Wire Property & Casualty Insurance Newswire CANADIAN UNDERWRITER STATISTICAL ISSUE 2012
2012 Stat Issue Reinsurance.indd 125
125
12-05-25 9:22 AM
TRANSATLANTIC REINSURANCE COMPANY
Cameron MacDonald, Chief Agent For Canada 145 Wellington St. W., Toronto ON M5J 1H8 416-649-5301 Fax:416-971-8782 http://www.transre.com cmacdonald@transre.com
Class
Net Prems Written
Prop. - Personal...................... 7,496,000 Prop. - Commercial................. 54,361,000 Prop - Total ............................ 61,857,000 Aircraft..................................... 213,000 Auto. - Liability........................ 16,037,000 Auto. - Other............................ 1,062,000 Auto - Total ............................ 17,099,000 Boiler & Machinery.................. 21,000 Credit....................................... 819,000 Fidelity..................................... 689,000 Liability.................................... 21,037,000 Surety...................................... 9,977,000 Marine...................................... 182,000 ——————— Total 2011................................ 111,894,000 Total 2010................................ 118,055,000 Total 2009................................ 119,105,000 Total 2008................................ 88,261,000 Total 2007................................ 108,293,000
Net Prems Earned
8,698,000 55,070,000 63,768,000 263,000 16,047,000 1,064,000 17,111,000 206,000 610,000 698,000 20,654,000 10,801,000 182,000 ——————— 114,293,000 119,891,000 113,631,000 94,119,000 107,001,000
Net Claims Incurred
1,640,000 48,505,000 50,145,000 171,000 4,796,000 827,000 5,623,000 –212,000 –95,000 –266,000 5,274,000 7,472,000 68,000 ——————— 68,180,000 82,592,000 69,895,000 36,442,000 46,958,000
Claims Ratio
18.85 88.08 78.64 65.02 29.89 77.73 32.86 –102.91 –15.57 –38.11 25.54 69.18 37.36 ————— 59.65 68.89 61.51 38.72 43.89
2011 Underwriting Performance Summary
Reinsurance Assumed....................... 181,648,000 Reinsurance Ceded.............................. 69,754,000 Net Premiums Written........................ 111,894,000 Net Premiums Earned........................ 114,293,000 Net Claims & Adj Exp........................... 68,180,000 Commissions........................................ 24,549,000 Taxes........................................................... 91,000 General Expenses.................................. 3,935,000 Undwrwtg. Profit/Loss......................... 17,538,000 Investment Income............................... 16,691,000
Underwriting Result 2011: 2008:
+$17,538,000 +$34,893,000
2010: 2007:
R-US
%
Growth Rate (NPW)................................... –5.22 % of Market (NPW)..................................... 0.29 Earned Loss Ratio..................................... 59.65 Total Expense Ratio.................................. 25.00 Combined Loss & Exp. Ratio.................... 84.65 Return on Equity......................................... 9.01
+$10,003,000 +$32,728,000
2009:
+$16,545,000
XL REINSURANCE AMERICA, INC R-F Gordon F Goodman, Chief Agent CANADIAN BRANCH Scotia Plaza, 100 Yonge St., Suite 1702, Toronto ON M5C 2W1 416-598-1084 Fax:416-598-1980 www.xlre.com
Class
Net Prems Written
Net Prems Earned
Prop. - Commercial................. 24,171,000 25,835,000 Prop - Total ............................ 24,171,000 25,835,000 Aircraft..................................... Auto. - Liability........................ 1,889,000 1,382,000 Auto - Total ............................ 1,889,000 1,382,000 Fidelity..................................... 5,000 8,000 Liability.................................... 30,410,000 35,982,000 Surety...................................... 8,000 8,000 Marine...................................... 174,000 168,000 ——————— ——————— Total 2011................................ 56,657,000 63,383,000 Total 2010................................ 67,687,000 71,321,000 Total 2009................................ 72,641,000 85,592,000 Total 2008................................ 90,912,000 93,555,000 Total 2007................................ 104,627,000 109,212,000
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Net Claims Incurred
21,280,000 21,280,000 –45,000 –755,000 –755,000 1,000 16,663,000 –423,000 63,000 ——————— 36,784,000 32,618,000 60,338,000 57,118,000 42,268,000
Claims Ratio
82.37 82.37 0.00 –54.63 –54.63 12.50 46.31 –5,287.50 37.50 ————— 58.03 45.73 70.49 61.05 38.70
2011 Direct Premiums Written: +28,466,000 2011 Underwriting Performance Summary
Reinsurance Assumed......................... 28,853,000 Reinsurance Ceded................................... 662,000 Net Premiums Written.......................... 56,657,000 Net Premiums Earned.......................... 63,383,000 Net Claims & Adj Exp........................... 36,784,000 Commissions........................................ 15,700,000 Taxes...................................................... 1,105,000 General Expenses.................................. 8,165,000 Undwrwtg. Profit/Loss........................... 1,455,000 Investment Income............................... 13,380,000
Underwriting Result 2011: 2008:
+$1,455,000 +$981,000
2010: 2007:
Growth: –28.54% %
Growth Rate (NPW)................................. –16.30 % of Market (NPW)..................................... 0.14 Earned Loss Ratio..................................... 58.03 Total Expense Ratio.................................. 39.40 Combined Loss & Exp. Ratio.................... 97.43 Return on Equity......................................... 8.04
+$11,318,000 +$25,665,000
2009:
–$5,497,000
canadianunderwriter.ca CANADIAN UNDERWRITER STATISTICAL ISSUE 2012
12-05-25 9:22 AM
Transatlantic Reinsurance Company
your trusted partner every step of the way. As one of Canada’s leading reinsurers, the companies we do business with are not simply customers they are long-term partners. Our client relationships are based on the principles of respect, value and trust enabling both partners to face the future together - with confidence and unity.
Transatlantic Transatlantic Reinsurance Reinsurance Company Company
For more information on TRC, please give us a call at 416 649-5301 145 Wellington Street West, Suite 900, Toronto, Ontario M5J 1H8
www.transre.com S&P rating: A+
A.M. Best Rating: A (Excellent)
TRANSATLANTIC CU 1a.indd 1
5/20/11 11:27 AM
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2011 PROVINCIAL GOVERNMENT INSURERS INSURANCE CORPORATION OF G-C Jon Schubert, President & Chief Executive Officer BRITISH COLUMBIA 151 West Esplanade Ave, North Vancouver BC V7M 3H9 604-661-2800 Fax:604-982-4733 www.icbc.com michelle.miller@icbc.com
Class
Auto. - Liability........................ Auto. - Pers. Acc..................... Auto. - Other............................ Auto - Total ............................ Total 2011................................ Total 2010................................ Total 2009................................ Total 2008................................ Total 2007................................
Net Prems Written
2,201,455,000 158,528,000 1,332,853,000 3,692,836,000 ——————— 3,692,836,000 3,679,367,000 3,667,145,000 3,639,688,000 3,572,054,000
Net Prems Earned
2,195,176,000 158,730,000 1,319,305,000 3,673,211,000 ——————— 3,673,211,000 3,667,324,000 3,650,025,000 3,631,215,000 3,482,434,000
Net Claims Incurred
2,372,092,000 163,416,000 651,055,000 3,186,563,000 ——————— 3,186,563,000 3,074,228,000 2,970,125,000 2,819,138,000 2,914,550,000
Claims Ratio
108.06 102.95 49.35 86.75 ————— 86.75 83.83 81.37 77.64 83.69
2011 Direct Premiums Written: +3,701,841,000 2011 Underwriting Performance Summary
Reinsurance Assumed........................................... Reinsurance Ceded................................ 9,005,000 Net Premiums Written..................... 3,692,836,000 Net Premiums Earned..................... 3,673,211,000 Net Claims & Adj Exp...................... 3,186,563,000 Commissions...................................... 333,184,000 Taxes.................................................. 184,177,000 General Expenses.............................. 208,285,000 Undwrwtg. Profit/Loss..................... –188,647,000 Investment Income............................. 441,480,000
Underwriting Result 2011: 2008:
–$188,647,000 +$320,830,000
2010: 2007:
Growth: 0.29% %
Growth Rate (NPW)..................................... 0.37 % of Market (NPW)..................................... 9.41 Earned Loss Ratio..................................... 86.75 Total Expense Ratio.................................. 19.76 Combined Loss & Exp. Ratio.................. 106.51 Return on Equity......................................... 4.58
–$36,464,000 +$104,536,000
2009:
+$134,725,000
SASKATCHEWAN AUTO FUND
G-C
Andrew Cartmell, President 2260 11th Avenue Regina SK S4P 0J9 306-751-1200 Fax:306-565-8666 www.sgi.sk.ca
Class
Net Prems Written
Auto. - Liability........................ 2,264,000 Auto. - Pers. Acc..................... 352,117,000 Auto. - Other............................ 390,362,000 Auto - Total ............................ 744,743,000 ——————— Total 2011................................ 744,743,000 Total 2010................................ 708,350,000 Total 2009................................ 651,419,000 Total 2008................................ 610,492,000 Total 2007................................ 559,246,000
Net Prems Earned
2,208,000 343,305,000 380,769,000 726,282,000 ——————— 726,282,000 684,821,000 630,559,000 587,918,000 557,087,000
Net Claims Incurred
17,848,000 358,140,000 430,936,000 806,924,000 ——————— 806,924,000 604,418,000 593,901,000 550,890,000 532,217,000
Claims Ratio
808.33 104.32 113.18 111.10 ————— 111.10 88.26 94.19 93.70 95.54
2011 Direct Premiums Written: +748,961,000 2011 Underwriting Performance Summary
Reinsurance Assumed........................................... Reinsurance Ceded................................ 4,218,000 Net Premiums Written........................ 744,743,000 Net Premiums Earned........................ 726,282,000 Net Claims & Adj Exp......................... 806,924,000 Commissions........................................ 38,200,000 Taxes.................................................... 36,513,000 General Expenses................................ 73,325,000 Undwrwtg. Profit/Loss..................... –228,680,000 Investment Income............................... 51,668,000
Underwriting Result 2011: 2008:
–$228,680,000 –$80,304,000
2010: 2007:
Growth: 5.30% %
Growth Rate (NPW)..................................... 5.14 % of Market (NPW)..................................... 1.90 Earned Loss Ratio................................... 111.10 Total Expense Ratio.................................. 20.38 Combined Loss & Exp. Ratio.................. 131.48 Return on Equity......................................-66.46
–$58,109,000 –$80,115,000
2009:
–$90,088,000
2011 LIFE INSURANCE IN CANADA Aetna Life Insurance Company Colleen Sexsmith, Chief Agent 1145 Nicholson Rd, Unit 2 Newmarket ON L3Y 9C3 905-853-0858 Fax 905-853-0183 Key Metrics (Canada) Total Assets.............................................................................................. 64,830,000 Total Liabilities.......................................................................................... 14,961,000 Head Office Account................................................................................ 49,869,000 Total Premium Income............................................................................... 1,595,000 Net Income................................................................................................. 1,173,000 Non-Participating In Canada Business Individual Life Premiums Written..................................................................... 58,000 Group Life Premiums Written........................................................................ 144,000 Group A&S Premiums Written.................................................................... 1,393,000
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Life 2
American Health and Life Insurance Company
Life 2
Henryka Anderson, Chief Agent 355 Wellington St London ON N6A 3N7 519-680-4738 Fax 866-897-8985 Key Metrics (Canada) Total Assets.............................................................................................. 42,882,000 Total Liabilities.......................................................................................... 14,225,000 Head Office Account................................................................................ 26,545,000 Total Premium Income............................................................................... 7,585,000 Net Income ................................................................................................ 5,955,000 Non-Participating In Canada Business Individual Life Premiums Written..................................................................... 40,000 Group Life Premiums Written..................................................................... 7,545,000
canadianunderwriter.ca CANADIAN UNDERWRITER STATISTICAL ISSUE 2012
12-05-25 9:24 AM
Canadian Premier Life Insurance Company Life 1 Isaac Sananes, B.A. ALHC, President & CEO 80 Tiverton Court, 5th Floor Markham ON L3R 0G4 905-948-2103 Fax 905-479-3224 Key Metrics (Canada) Total Consolidated Assets..................................................................... 225,943,000 Total Consolidated Liabilities................................................................. 116,898,000 Total PH and Shareholder Equity (inc. non-controlling interests).................. 109,045,000 Total Consolidated Premium Income..................................................... 112,414,000 Net Income............................................................................................... 16,554,000 Non-Participating In Canada Business (Consolidated) Group Life Premiums Written................................................................... 44,953,000 Individual A&S Premiums Written.................................................................... 56,000 Group A&S Premiums Written.................................................................. 67,405,000
Canassurance Insurance Company
Life 1
Claude Boivin, CA, President and CEO 550 rue Sherbrooke ouest Montreal QC H3A 3S3 514-286-8400 Fax 514-286-8475 www.qc.croixbleue.ca www.qc.bluecross.ca Key Metrics (Canada) Total Consolidated Assets..................................................................... 120,512,000 Total Consolidated Liabilities................................................................... 90,160,000 Total PH and Shareholder Equity (inc. non-controlling interests).................... 30,352,000 Total Consolidated Premium Income....................................................... 28,399,000 Net Income...................................................................................................–640,000 Non-Participating In Canada Business (Consolidated) Individual Life Premiums Written................................................................ 1,241,000 Group Life Premiums Written..................................................................... 2,360,000 Individual A&S Premiums Written............................................................. 21,421,000 Group A&S Premiums Written.................................................................... 3,377,000
7300 Warden Ave, Suite 300 Markham ON L3R 0X3 Key Metrics (Canada) Total Assets............................................................................................ 712,234,000 Total Liabilities........................................................................................ 409,310,000 Head Office Account.............................................................................. 281,367,000 Total Premium Income........................................................................... 183,825,000 Net Income...................................................................................................... 29,171 Non-Participating In Canada Business Individual Life Premiums Written.............................................................. 10,498,000 Individual A&S Premiums Written........................................................... 173,327,000
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General American Life Insurance Company Life 2 Andre St-Amour, Chief Agent 1981 McGill College Ave, Suite 1300 Montreal QC H3A 3A8 514-985-5260 Fax 514-985-3066 Key Metrics (Canada) Total Assets......................................................................................... 2,064,743,000 Total Liabilities..................................................................................... 1,380,588,000 Head Office Account.............................................................................. 684,155,000 Total Premium Income........................................................................... 227,027,000 Net Income............................................................................................... 63,782,000 Non-Participating In Canada Business Individual Life Premiums Written............................................................ 227,027,000
Gerber Life Insurance Company
Combined Insurance Company of America Life 2
CANADIAN UNDERWRITER STATISTICAL ISSUE 2012
Life 1
470 Weber St N Waterloo ON N2J 4G4 519-886-4610 Fax 519-886-0350 www.faithlifefinancial.ca Key Metrics (Canada) Total Consolidated Assets..................................................................... 483,379,000 Total Consolidated Liabilities................................................................. 444,719,000 Total PH and Shareholder Equity (inc. non-controlling interests).................... 38,660,000 Total Consolidated Premium Income....................................................... 25,664,000 Net Income.................................................................................................... 779,000
M. Eman Hassan, President & CEO 55 Town Centre Court, Suite 606 Scarborough ON M1P 4X4 416-290-6666 Fax 416-290-0726 Key Metrics (Canada) Total Consolidated Assets....................................................................... 50,029,000 Total Consolidated Liabilities................................................................... 28,373,000 Total PH and Shareholder Equity (inc. non-controlling interests).................... 21,656,000 Total Consolidated Premium Income....................................................... 32,884,000 Net Income................................................................................................. 4,573,000 Non-Participating In Canada Business (Consolidated) Group Life Premiums Written..................................................................... 1,136,000 Individual Annuity Premiums Written.............................................................. 31,748
M. Eman Hassan, Chief Agent 55 Town Centre Court, Suite 606 Scarborough ON M1P 4X4 416-290-6666 Fax 416-290-0726 Key Metrics (Canada) Total Assets............................................................................................ 127,739,000 Total Liabilities........................................................................................ 100,551,000 Head Office Account................................................................................ 19,176,000 Total Premium Income............................................................................... 3,122,000 Non-Participating In Canada Business Individual Life Premiums Written................................................................ 2,404,000 Group Life Premiums Written.......................................................................... 38,000 Group A&S Premiums Written....................................................................... 680,000
Life 1
One Westmount Rd N PO Box 1603 Stn Waterloo Waterloo ON N2J 4C7 519-886-5210; Toll-Free 800-722-6615 www.equitable.ca Key Metrics Total Consolidated Assets.................................................................. 2,752,865,000 Total Consolidated Liabilities.............................................................. 2,432,972,000 Total PH and Shareholder Equity (inc. non-controlling interests).................. 319,893,000 Total Consolidated Premium Income..................................................... 423,349,000 Net Income................................................................................................. 8,486,000 Non-Participating In Canada Business (Consolidated) Individual Life Premiums Written.............................................................. 43,320,000 Group Life Premiums Written................................................................... 18,490,000 Individual Annuity Premiums Written....................................................... 70,332,000 Group Annuity Premiums Written............................................................... 1,730,000 Individual A&S Premiums Written............................................................... 4,265,000 Group A&S Premiums Written................................................................ 173,435,000
Faithlife Financial
Cigna Life Insurance Company of Canada Life 1
Connecticut General Life Insurance Company
The Equitable Life Insurance Company of Canada
Life 2
Life 2
Colleen Sexsmith, Chief Agent 1145 Nicholson Rd, Unit 2 Newmarket ON L3Y 9C3 905-853-0858 Fax 905-853-0183 Key Metrics (Canada) Total Assets.............................................................................................. 32,297,000 Total Liabilities................................................................................................. 19,000 Head Office Account................................................................................ 11,439,000 Total Premium Income............................................................................... 3,013,000 Net Income................................................................................................–3,687,000 Non-Participating In Canada Business Individual Life Premiums Written................................................................ 3,013,000
Hartford Life Insurance Company
Life 2
Colleen Sexsmith, Chief Agent 1145 Nicholson Rd, Unit 2 Newmarket ON L3Y 9C3 905-853-0858 Fax 905-853-0183 Key Metrics (Canada) Total Assets.............................................................................................. 11,652,000 Total Liabilities............................................................................................ 5,172,000 Head Office Account.................................................................................. 6,126,000 Total Premium Income...................................................................................... 2,000 Net Income................................................................................................... -236,000 Non-Participating In Canada Business Individual Life Premiums Written....................................................................... 2,000
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12-05-25 9:24 AM
Life Insurance Company of North America Life 2 M. Eman Hassan, President & CEO 55 Town Centre Court, Suite 606 Scarborough ON M1P 4X4 416-290-6666 Fax 416-290-0726 Key Metrics (Canada) Total Assets.............................................................................................. 51,360,000 Total Liabilities.......................................................................................... 25,716,000 Head Office Account................................................................................ 22,517,000 Total Premium Income............................................................................... 2,844,000 Net Income.................................................................................................... 732,000 Non-Participating In Canada Business Group Life Premiums Written..................................................................... 1,305,000 Group A&S Premiums Written.................................................................... 1,539,000
Life 1
2000 Argentia Rd Mississauga ON L5N 2R7 905-812-2900 Fax 905-813-5316 Key Metrics Total Consolidated Assets.................................................................. 2,552,756,000 Total Consolidated Liabilities.............................................................. 2,361,087,000 Total PH and Shareholder Equity (inc. non-controlling interests).................. 191,669,000 Total Consolidated Premium Income....................................................... 69,442,000 Net Income............................................................................................... 43,758,000 Non-Participating In Canada Business (Consolidated) Individual Life Premiums Written............................................................. 69,406,000 Individual Annuity Premiums Written................................................................ 7,000 Individual A&S Premiums Written.................................................................... 29,000
Reliable Life Insurance Company
Life 1
Paul M. Field, CEO Box 557, 100 King St W Hamilton ON L8N 3K9 905-523-5587; Fax 905-528-4685 Key Metrics Total Consolidated Assets....................................................................... 59,890,000 Total Consolidated Liabilities..................................................................... 30,127,00 Total PH and Shareholder Equity (inc. non-controlling interests).................... 29,763,000 Total Consolidated Premium Income....................................................... 51,953,000 Net Income...................................................................................................... 15,000 Non-Participating In Canada Business (Consolidated) Individual Life Premiums Written...............................................................–2,130,000 Group Life Premiums Written........................................................................ 575,000 Individual A&S Premiums Written............................................................. 49,166,000 Group A&S Premiums Written.................................................................... 4,342,000
RGA Life Reinsurance Company of Canada Life 1 Alain Neemeh, President & CEO 1981 McGill College, Suite 1300 Montreal QC H3A 3A8 514-985-5260; Fax 514-985-3066 Key Metrics Total Consolidated Assets.................................................................. 7,025,944,000 Total Consolidated Liabilities.............................................................. 6,402,806,000 Total PH and Shareholder Equity (inc. non-controlling interests).................. 623,138,000 Total Consolidated Premium Income..................................................... 156,487,000 Net Income............................................................................................. 101,063,000 Non-Participating In Canada Business (Consolidated) Individual Life Premiums Written.............................................................. 45,340,000 Group Life Premiums Written................................................................... 28,846,000 Individual Annuity Premiums Written.............................................................. 63,000 Group Annuity Premiums Written............................................................. 20,225,000 Individual A&S Premiums Written............................................................... 7,213,000 Group A&S Premiums Written.................................................................. 54,800,000
Francois Lemieux, Executive Vice-President and Chief Agent 1250 boul, Rene Levesque Quest; Bureau 4510 Montreal QC H3B 4W8 514-933-6994; Fax 514-933-6435 Key Metrics (Canada) Total Assets............................................................................................ 492,873,000 Total Liabilities........................................................................................ 325,509,000 Head Office Account.............................................................................. 137,672,000 Total Premium Income............................................................................. 94,242,000 Net Income................................................................................................–7,705,000 Non-Participating In Canada Business Individual Life Premiums Written.............................................................. 37,323,000 Group Life Premiums Written..................................................................... 7,021,000 Individual A&S Premiums Written............................................................. 25,385,000 Group A&S Premiums Written.................................................................. 24,513,000
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Pg 128-130 2012 Stat Issue Provincial.indd 130
Life 2
Barbara Bellissimo, Senior Vice-President 333 First Commerce Dr Aurora ON L4G 8A4 905-750-4620; Fax 905-750-4970 Key Metrics (Canada) Total Assets......................................................................................... 1,332,734,000 Total Liabilities..................................................................................... 1,015,577,000 Head Office Account.............................................................................. 278,995,000 Total Premium Income........................................................................... 130,116,000 Net Income................................................................................................. 5,847,000
Primerica Life Insurance Company of Canada
Scor Global Life
State Farm International Life Insurance Company Ltd.
Life 2
Sun Life Assurance Company of Canada Life 1 Donald A Stewart, Chief Executive Officer 150 King St W Toronto ON M5H 1J9 416-979-9966 Fax 416-585-9546 Key Metrics Total Consolidated Assets.............................................................. 168,013,449,000 Total Consolidated Liabilities.......................................................... 157,221,257,000 Total PH and Shareholder Equity (inc. non-controlling interests)............. 10,792,192,000 Total Consolidated Premium Income.................................................. 7,890,375,000 Net Income............................................................................................. 864,622,000 Non-Participating In Canada Business (Consolidated) Individual Life Premiums Written............................................................ 908,806,000 Individual Annuity Premiums Written..................................................... 701,731,000 Group Annuity Premiums Written........................................................ 1,129,697,000 Individual A&S Premiums Written........................................................... 184,368,000 Group A&S Premiums Written....................................................................... 152,000
Transamerica
Life 1
Doug Brooks, C.E.O. 5000 Yonge St Toronto ON M2N 7J8 416-883-5000 Fax 416-883-5114 Key Metrics Total Consolidated Assets.................................................................. 9,860,384,000 Total Consolidated Liabilities.............................................................. 8,861,720,000 Total PH and Shareholder Equity (inc. non-controlling interests)....................... 998,664,000 Total Consolidated Premium Income..................................................... 324,029,000 Net Income............................................................................................–148,262,000 Non-Participating In Canada Business (Consolidated) Individual Life Premiums Written............................................................ 292,544,000 Individual Annuity Premiums Written....................................................... 30,222,000 Individual A&S Premiums Written.................................................................. 953,000
L’Union-Vie, compagnie mutuelle d’assurance
Life 1
Jacques Desbiens, F.S.A. F.I.C.A., C.E.O. 142, rue Heriot Drummondville QC J2C 1J8 819-478-1315 Fax 819-474-1990 LPpellerin@uvmutuelle.ca Key Metrics Total Consolidated Assets.................................................................. 1,360,528,000 Total Consolidated Liabilities.............................................................. 1,196,573,000 Total PH and Shareholder Equity (inc. non-controlling interests).................. 163,955,000 Total Consolidated Premium Income....................................................... 78,991,000 Net Income............................................................................................... 15,821,000 Non-Participating In Canada Business (Consolidated) Individual Life Premiums Written.............................................................. 28,880,000 Group Life Premiums Written..................................................................... 1,669,000 Individual Annuity Premiums Written....................................................... 12,939,000 Individual A&S Premiums Written............................................................... 1,187,000 Group A&S Premiums Written.................................................................. 28,994,000
The Wawanesa Life Insurance Company Life 1 K. McCrea, President & CEO 400-200 Main St Winnipeg MB R3C 1A8 204-985-3940 Fax 204-985-3872 www.wawanesalife.com Key Metrics Total Consolidated Assets..................................................................... 823,778,000 Total Consolidated Liabilities................................................................. 708,341,000 Total PH and Shareholder Equity (inc. non-controlling interests).................. 115,437,000 Total Consolidated Premium Income..................................................... 106,331,000 Net Income................................................................................................. 4,974,000 Non-Participating In Canada Business (Consolidated) Individual Life Premiums Written.............................................................. 22,304,000 Group Life Premiums Written..................................................................... 5,073,000 Individual Annuity Premiums Written....................................................... 27,341,000 Group A&S Premiums Written.................................................................. 29,262,000
canadianunderwriter.ca CANADIAN UNDERWRITER STATISTICAL ISSUE 2012
12-05-25 9:24 AM
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1- 800 -265- 0808 Pg 128-130 2012 Stat Issue Provincial.indd 131
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Pg 128-130 2012 Stat Issue Provincial.indd 132
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