Canadian Underwriter 2013 Statistical Issue

Page 1

2013 STATISTICAL ISSUE

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

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2013 STATISTICAL ISSUE Riddle Wrapped in a Mystery… BY GLENN McGILLIVRAY

JU N E 2 0 1 3 A Business Information Group Publication #40069240


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VOL. 80, NO. 6, JUNE 2013

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

2012 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

2012 Reinsurance Results Table

52

Direct Written Property — By Province

54, 56

2012 Underwriting Profit Producers

57

2012 Underwriting Loss Producers

57

2012 Total Insurance In Canada By Nationality Of Company

66

2012 Automobile Insurance In Canada By Nationality Of Company

66

2012 Property Insurance In Canada By Nationality Of Company

66

2012 Remaining Coverages In Canada By Nationality Of Company

66

2012 Total Insurance In Canada By Type Of Company

67

2012 Automobile Insurance In Canada By Type Of Company

67

2012 Property Insurance In Canada By Type Of Company

67

2012 Remaining Coverages In Canada By Type Of Company

67

2012 Canadian Underwriting Experience By Companies

68

2012 Reinsurance Companies Results

118

2012 Life Insurance In Canada

128

2012 Provincial Government Insurers

130

LEADING COMPANIES — DIRECT WRITTEN BASIS

Accident & Sickness

65 Legal Expense

64

Aircraft

64 Liability

65

Boiler & Machinery

64 Marine

64

Credit

64 Mortgage

64

Credit Protection

64 Other Approved Products

65

Fidelity

64 Surety

65

Hail

64 Title

65

Senior Publisher Steve Wilson steve@canadianunderwriter.ca (416) 510-6800

Associate Publisher Paul Aquino paul@canadianunderwriter.ca (416) 510-6788

Editor Cathy Donaghy cathy@canadianunderwriter.ca (416) 510-6840

Art Director Sandy MacIsaac

Account Manager Elliot Ford eford@canadianunderwriter.ca (416) 510-5114 Account Manager Christine Giovis christine@canadianunderwriter.ca (416) 510-5114

58, 59

Property

60, 61

Automobile

62, 63

Print Production Manager Phyllis Wright President Bruce Creighton Vice President Alex Papanou

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canadianunderwriter.ca CANADIAN UNDERWRITER STATISTICAL ISSUE 2013


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COMPANY INDEX ACE INA Insurance

68

Fundy Mutual Insurance Company

85

Affiliated FM Insurance Company

68

Gore Mutual Insurance Company

86

Alberta Motor Association Insurance Company

68

Great American Insurance Company

86

Allianz Global Risks US Insurance Company

70

The Guarantee Company of North America

88

Allstate Insurance Company Of Canada

70

Hartford Fire Insurance Company

88

American Road Insurance Company

70

Industrielle Alliance Compagnie D’Assurances Generales

88

Antigonish Farmers Mutual Insurance Company

71

Intact Financial Corporation

90

Arch Insurance Company

71

Jevco Insurance Company

90

Associated Electric & Gas Insurance Services Ltd.

72

The Kings Mutual Insurance Company

90

Atradius Credit Insurance N.V.

72

Lawyers’ Professional Indemnity Company

91

Aviva Canada Inc.

72

Legacy General Insurance Company

91

Berkley Insurance Company

74

Liberty Mutual Insurance Company

92

The Boiler Inspection & Insurance Company Of Canada

74

Lloyd’s Underwriters

91

CAA Insurance Company (Ontario)

74

The Mearie Group

92

Canadian Direct Insurance

75

Mennonite Mutual Fire Insurance Company

92

La Capitale Compagnie D’Assurance Generale

75

Mitsui Sumitomo Insurance Company Limited

94

Chartis Insurance Company of Canada

76

Motors Insurance Corporation

94

Chubb Insurance Company of Canada

75

The Mutual Fire Insurance Co. Of British Columbia

94

Clare Mutual Insurance Company

76

Northbridge Financial Corporation

95

CNA Canada Group

78

North Waterloo Farmers Mutual Insurance Company

95

Old Republic Insurance Company of Canada

95

Coachman Insurance Company

104

Co-operative Hail Insurance Company Limited

76

Omega General Insurance Company

96

Co-operators General Insurance Company

78

Ontario Mutual Insurance Association

96

Corepoint Insurance Company

78

Ontario School Board’s Insurance Exchange

96

Cumis General Insurance Company

80

Optimum General Inc

97

Desjardins General Insurance Group

80

Pacific Coast Fishermen’s Mutual Marine Insurance Company

97

The Dominion Of Canada General Insurance Company

80

Pafco Insurance Company

98

Echelon General Insurance Company

82

Peace Hills General Insurance Company

98

The Economical Insurance Group

82

P.E.I. Mutual Insurance Company

97

Le Groupe Estrie-Richelieu Compagnie D’Assurance

82

Pembridge Insurance Company

98

Euler Hermes North America Insurance Company

84

The Portage La Prairie Mutual Insurance Company

100

Everest Insurance Company Of Canada

84

Protective Insurance Company

100

Factory Mutual Insurance Company

84

The Insurance Company Of Prince Edward Island

104

FCT

85

RBC General Insurance Company

100

Federal Insurance Company

85

6

(Continued On Page 8)

canadianunderwriter.ca CANADIAN UNDERWRITER STATISTICAL ISSUE 2013


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7


COMPANY INDEX

(Continued From Page 6)

RBC Insurance Company of Canada

101

Temple Insurance Company

108

Red River Valley Mutual Insurance Company

101

TIG Insurance Company

109

RSA Canada Group

102

The Tokio Marine & Nichido Fire Insurance Company Limited

109

Saskatchewan Mutual Insurance Company

101

Travelers Canada

110

Security Insurance Company of Hartford

102

Trisura Guarantee Insurance Company

110

SGI Canada Group

102

Triton Insurance

110

SGI Canada Insurance Services

104

Unica Insurance Inc.

112

Sompo Japan Insurance Inc.

105

L’Unique Compagnie D’Assurances Generales

112

The Sovereign General Insurance Company

106

Utica Mutual Insurance Company Limited

112

SSQ, Societe D’Assurances Generales Inc.

105

The Wawanesa Mutual Insurance Company

114

State Farm Fire & Casualty Company

106

Western Financial Insurance

114

State Farm Insurance Company

105

Western Surety Company

114

State Farm Mutual Automobile Insurance Company

106

Wynward Insurance Group

116

Stewart Title Guaranty Company

108

XL Insurance

116

TD Insurance, General Insurance

108

Zurich Insurance Company Ltd (Canadian Branch)

116

8

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REINSURANCE COMPANIES Alea (Bermuda) Ltd.

118

Scor Canada Reinsurance Company

124

Aspen Insurance UK Limited

118

Sirius America Insurance Company

124

Caisse Centrale de Reassurance

118

Swiss Reinsurance Company Ltd.

125

Everest Reinsurance Company

120

Swiss Reinsurance Group

124

Farm Mutual Reinsurance Plan

120

T.H.E. Insurance Company

125

General Reinsurance Corporation

120

The Toa Reinsurance Company of America

126

Hannover Ruckversicherung AG

121

Transatlantic Reinsurance Company

126

MAPFRE Re Compania De Reaseguros, S.A.

121

Westport Insurance Corporation

125

Munich Reinsurance America Inc

121

XL Reinsurance America, Inc. Canadian Branch

126

Munich Reinsurance Company Of Canada

122

Munich Reinsurance Canada Group

122

Nipponkoa Insurance Company Limited

122

PROVINCIAL GOVERNMENT INSURERS

Odyssey America Reinsurance Corporation

123

Insurance Corporation of British Columbia

130

Partner Reinsurance Company of the U.S.

123

Manitoba Public Insurance

130

Promutuel Reassurance

123

Saskatchewan Auto Fund

130

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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

129

Canassurance, compagnie d’assurance-vie inc.

128

Primerica Life Insurance Company Of Canada

129

Cigna Life Insurance Company Of Canada

128

Reliable Life Insurance Company

129

Combined Insurance Company of America

128

RGA Life Reinsurance Company Of Canada

129

Connecticut General Life Insurance Company

128

State Farm International Life Insurance Company Ltd.

129

The Empire Life Insurance Company

128

Sun Life Assurance Company Of Canada

129

The Equitable Life Insurance Company of Canada

128

L’Union-Vie, compagnie mutuelle d’assurance

129

Faithlife Financial

128

General American Life Insurance Company

129

Gerber Life Insurance Company

129

ADVERTISERS’ INDEX ACE INA Insurance

69

Guy Carpenter

AIG Insurance Company of Canada

77

Insurance Institute of Canada

19 3

Applied Systems Canada, Inc.

7

The ARC Group Canada Inc.

23

i-hire.ca

Assured Automotive

35

insNews.ca

8

Audatex Canada

31

insPress.ca

81

inswire.ca

8

Aviva Canada Inc.

2 (IFC), 73

Insurance Media Group

127 10

AXIS Reinsurance Company (Canadian Branch)

17

Liberty International Underwriters

93

Burns & Wilcox Canada

45

NICC

13

On Side Restoration Services Ltd.

28

Peace Hills Insurance

99

Caisse Centrale De Reassurance (CCR) Canadian Litigation Counsel CanadianUnderwriter.ca e-News Daily

119 33 71, 109

Progi

131 (IBC)

CARSTAR Automotive Canada

49

RSA – Royal & Sun Alliance Insurance Company of Canada

CGI

15

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

107

Crawford & Company (Canada) Inc.

41

Strategic Resource Consultants Inc. - SRC

11

The Economical Insurance Group

83

Travelers

111

Elliott Special Risk LP.

25

TOA Re

53

FirstOnSite Restoration

26,27

Unica Insurance Inc.

Giffen Koerth Forensic Engineering

29

The Wawanesa Mutual Insurance Company

Gore Mutual Insurance Company

87

WINMAR

Great American Insurance Group

9

XL Insurance

89

Zurich Canada

The Guarantee Company of North America 12

103

113 115, 132 (OBC) 21 5 117

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UNDERWRITING PROFIT/LOSS IN CANADA 2002-2012 PROPERTY/CASUALTY COMPANIES

LICENSED REINSURERS

+3366.4

+2720.6

+2381.8

+2374.4

+1842.3

+323.5

+232.7

+248.2

+172.9

+158.3 +142.7

+116.4

+404.7

+29.4

+90.0 2008 2002

2003

2004

2005

2006

2007

-82.5

2009 -3.3

2008

2010 -47.6

2011

2012

2002

2003

2004

2005

2006

2007

–18.3

2009

2010

2011

2012

-58.9

-223.2

-1339.0

All profits and losses indicated in millions of dollars

14

All profits and losses indicated in millions of dollars

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A RIDDLE WRAPPED IN A MYSTERY INSIDE AN ENIGMA, AND OTHER CONSIDERATIONS

I

n the story of how the legend of the Gordian Knot came to be, an oracle in a troubled town in Asia Minor was said to have told the people that their troubles would end once their new king arrived. The king, he said,

Glenn McGillivray Managing Director, Institute for Catastrophic Loss Reduction

will be the next man to enter the town riding an oxcart. “When Gordius, his wife, and his son, Midas, arrived on such a cart, the people of the city, trusting in the oracle, proclaimed Gordius king. In gratitude, Gordius dedicated his cart to Zeus and tied it with a knot named Gordian for the new king.

16

canadianunderwriter.ca CANADIAN UNDERWRITER STATISTICAL ISSUE 2013


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COVER STORY

A Riddle Wrapped in a Mystery…

Catastrophic Insured Losses ($, Billions)

Another oracle foretold that the property and casualty insurance person who undid the Gordian Knot industry as a whole showed improvewould rule Asia. Many years later, ment last year with an industry-wide when Alexander the Great came to loss ratio of 64.9%, down 4.5 points the city in Phrygia, which had been from 68.4 in 2011. Direct written named Gordium in honour of this premiums rose year-over-year from ancient king, he determined to undo $43.6 billion in 2011 to $44.9 billion the knot. He could have spent time in 2012 and the combined ratio came trying to figure out which way the in at 95.4%, down from 98.6% in 2011. “As is often the case, the numbers ropes were wrapped or try to pry out an end, as eager ambitious hope- mask wide diversity in the perforfuls may have done before him, but mance of individual players,” he cauinstead Alexander made one quick, tioned, explaining that while the top decisive move. (www.ancienthistory. quarter of companies had combined Charts.qxp 5/17/13 1:02 PM Page 28 ratios of less than 85.1%, the botabout.com). As legend has it, rather than tom quarter had combined ratios of mounting a prolonged effort to greater than 105.1. A rising tide, it solve the problem at hand in a con- appears, doesn’t lift all boats. HeLosses noted that in 2012, insurers ventional way, Canadian Alexander Insured simply CAT unsheathed$1.8 his sword and sliced were holding a higher proportion through the knot. Second Half of their assets in equities and shortterm deposits. On the equities side, As noted in Wikipedia, First “The Half how the industry went Gordian Knot… is often used as a he illustrated Slave Lake $1.2 metaphor for an intractable problem.” from 6.2% of its investments in comIf only solving the Ontario auto mon shares in 2008, to 7.5% in challenge was as simple as Alexander’s 2009, 8.7% in 2010, 8.2% in 2011 and 8.9% in 2012. And while the solution. $0.6 industry`s investments in short-term deposits had previously been dropTHE NUMBERS According to Gregor Robinson, Senior ping — from 6.8% in 2006 to 2.2% $0.0 2011, 2010 in 20122011 the proportion Vice President and 2006 Chief Economist at by 2009 2007 2008 2012* crept up to 3.7%. Roughly threeInsurance Bureau of Canada, at Swiss *Estimated catastrophic insured losses quarters of the industry’s investment Re’s 28th Annual Insurance Source:Canadian IBC, with data from Facts Book, PCS Outlook Breakfast April 4, Canada’s portfolio has been in bonds since

National Direct Loss Ratios 69%

69% 58%

Personal Property

76% 74% 62%

63%

68% 57%

Commercial Private Commercial Property Passenger Auto Liability 2011

2012

*2011 and 2012 calculated on a consolidated basis Source: IBC with data from MSA, as of March 27, 2013

18

63%

Total

2006, when it was 73.3%. The proportion of investments in bonds in 2012, he noted, was 76.5%.

“Personal and multi-line insurers made significant headway in 2012 — finally reaping some benefit from the September 2010 Ontario auto reforms — specifically on the accident benefit side and enjoying a less calamitous catastrophe year.” In MSA’s 2012 Year in Review, Joel Baker, President and CEO of MSA Research Inc. wrote: “The Canadian p&c industry, as a whole, posted relatively strong results at year-end marked by an ROE north of 11% (the first time it broke into two-digit territory since 2007), a combined ratio of 96% and even some top line growth of 3.3% (or 3% without the government monopolies).” However, in line with last year’s Statistical Issue theme that ‘things aren’t always what they seem’, he warned that the story is more complex once one begins to unpack the details and look at each a little closer: “First of all, there’s a stark difference between the growth profile of commercial writers (including Lloyd’s) who, as a group, saw DPW shrink by 4.7% versus personal and multi-line writers who saw their top line grow by 3.5%. This is partly due to their stealing some of the commercial business away from the pure-play commercial writers, and in part due to growth in personal property writings.” Looking line-by-line, Baker noted that, “Personal and multi-line insurers made significant headway in 2012 — finally reaping some benefit from the September 2010 Ontario auto

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COVER STORY

A Riddle Wrapped in a Mystery…

reforms — specifically on the accident benefit side and enjoying a less calamitous catastrophe year. Top-line premiums went up due to an increase in exposure, higher property rates and auto rates. Canada-wide, property premiums grew 7.7% for this sector and auto rates were up 3%... Reserve releases for this segment were more or less in line with prior years (hovering around the $1-billion mark).” On the commercial side, Baker outlined how writers released about $1 billion in reserves in 2012 ($600 million, not including Lloyd’s), helping to lift the segment’s combined ratio up over the 100% mark. He asked: “Can these writers wring another $1 billion out of reserves at the end of 2013? If not, then watch the reported combined ratio march onwards and upwards and their ROEs slip below 10%.” One shift in the commercial segment Baker detected was the move in market share away from what he calls the big four ‘pure-play’ commercial writers (Lloyd’s, Northbridge, AIG and Zurich) to those multi-line commercial writers who look at the business “as a vehicle for profitable growth.” Said Baker, “[T]he multiline carriers write as much commercial business ($9.1 billion) as the pure commercial players do ($9.6 billion). This is up from 2011 when the multi-line writers wrote $8.5 billion in commercial versus $10.4 billion that the pure writers had.” “The shift,” he says, “shows that the commercial market itself was flat Y/Y, but that $600 million moved to the multi-line writers.” When asked for his take on the move of more than half a billion in premium from the pure-plays to the multi-liners — specifically, whether he thought it was driven by pricing or part of a bigger move or shift in the market — Baker offered the view that 20

“Companies that focus on commercial lines have been more profitable than personal lines insurers for several years. This trend continued in 2012 with loss ratios improving in eight of 10 provinces. As a result, price competition has intensified.” it is due to intense competition “and a desire by the multi-line companies to push deeper into what they perceive to be the higher margin commercial lines space. Especially with the volatility in Ontario auto as a backdrop.” In the Property and Casualty Insurance Compensation Corporation’s yearly overview of the market, it

remarked that for the past five years, homeowners’ insurance in Canada has been a healthy product. “This remains true in most parts of the country. In seven of the 10 provinces, results for 2012 were stronger than the most recent five-year average.” This, despite about $1.2 billion in catastrophe losses (i.e. loss events of more than $25 million in insured damage, as declared by Property Claim Services Canada, or PCS). Said PACICC in its 2012 annual report, “Interprovincial differences in homeowners claims paid have been driven by more large storms causing damage in the Prairies and in Atlantic Canada. In Alberta, the average loss ratio for homeowners insurance for the past five years has been 96.8 percent. In Saskatchewan, the ratio is 88.6 percent. Sustained high-loss ratios would likely erode the capital base of insurers operating primarily in these markets.” It continued, “Companies that

canadianunderwriter.ca CANADIAN UNDERWRITER STATISTICAL ISSUE 2013


focus on commercial lines have been more profitable than personal lines insurers for several years. This trend continued in 2012 with loss ratios improving in eight of 10 provinces. As a result, price competition has intensified.” According to the PACICC analysis, loss results over the most recent five-year period shows that the commercial market was weakest in New Brunswick and, to a lesser extent, in Alberta. Of auto markets other than Ontario, PACICC noted that most of the other auto insurance markets appear healthy and competitive as 2012 closes, “although five of the six markets experienced losses in 2012 that were above the most recent five-year average.”

According to PACICC “Early results following these reforms have been positive, with the overall loss ratio for Ontario auto falling to 74.8 percent in the third quarter of 2012 from 96.6 percent in 2010. The reduction in loss costs was driven by improvements to the province’s accident benefit system, as the loss ratio for this

portion of the Ontario auto product fell from an unsustainably high 150 percent in 2010 to a modest 55 percent in 2012. Over the same period the loss ratio for the liability portion of the Ontario auto product rose from 75.8 percent in 2010 to an unsustainable 94.3 percent in the third quarter of 2012. The Ontario Court of

ONTARIO AUTO Representing a very significant quarter of all p&c premiums written in Canada and a product that seems always to be in a state of flux, Ontario auto deserves a separate section all its own. As noted by IBC’s Robinson at the venerable Swiss Re breakfast event, while the overall industry loss ratio improved sharply in 2012 over 2011, from 1994 to the year under review the average financial loss ratio for writers of Ontario auto was 82% and in some years, higher than that. “Following the 2010 reforms to no-fault injury coverage, results improved from the abysmal losses of preceding years,” he said, referring to several changes the Ontario government implemented in September of that year.

“What is happening on the Ontario auto scene is that the industry is under siege. Car insurance has entered the political arena again — if it ever left.” CANADIAN UNDERWRITER STATISTICAL ISSUE 2013

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Appeal’s for Ontario decision to allow claimants to combine psychological and physical injuries when determining catastrophic impairment could increase claims costs. In addition, the government’s decision to prorogue the legislature delayed legislation that

22

would have provided greater certainty. Coupled with thousands of cases seeking mediation, this raises questions about whether improved results can be sustained.” Robinson suggested that the effect of these changes on carriers depends

on the outcome of cases currently before arbitration at the Financial Services Commission of Ontario (FSCO) and before the courts: “There are thousands of cases in the dispute resolution system, which suggests to us that a lot of people are betting against the ultimate success of those reforms,” Robinson said, adding the reforms “did nothing to deal with pressures in the tort system.” Robinson’s remark that, “What has plagued Ontario auto for the past 25 years has been politics,” is well-illustrated in the Ontario New Democratic Party’s bid to have FSCO force carriers to reduce premiums by 15%. NDP leader Andrea Horwath claimed in the legislature the industry made $2 billion in “extra profits” in 2011, though IBC notes the profit of $233.2 million in 2011 was earned after an industrywide loss of $1.7 billion in 2010. Jim Cameron, President of Cameron

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“There is still no shortage of casualty capacity available and that is keeping the market very competitive with no signs on the horizon of any real tightening…” & Associates notes, “What is happening on the Ontario auto scene is that the industry is under siege,” he said in his annual comments solicited for this piece. “Car insurance has entered the political arena again — if it ever left. “In the budget delivered on May 1st, the Liberal minority government revealed plans to implement a rate reduction of 15%, the timing of which was not spelled out. This is coupled with the release on an arbitration decision, Scarlett v. Belair (see CU article May 2013, Frankly Scarlett by Jim Cameron) which effectively attempted to nullify the Minor Injury Guideline (MIG), and other decisions have come down hard on the definition of incurred expenses (which was thought to have been ‘tightened up’ in the 2010 reforms).” Cameron continued, “The dire situation with FSCO mediations and a backlog of over 30,000 cases has been addressed, in part, by the hiring of ADR Chambers to conduct mediations for FSCO. The number of new mediations has fallen for the first time in four years. However, once the mediations take place and the case is still not settled (and fewer are being settled) the cases often move to arbitration, where there now appears to be over a year delay in getting a prehearing (a type of super mediation that often settles the case). Companies that believe that their loss ratio has come down since the changes will see the ultimate numbers start to leak 24

as these cases go through the system,” he said. “In addition, bodily injury (third-party tort) claims costs have increased 32%. All in all, a recipe for disaster in the Ontario auto market.” In ‘Ontario Auto — A Big Political Hot Potato Again!’ (MSA Quarterly Outlook Report Q4-2012) Joel Baker and Willie Handler offer five dilemmas facing writers of Ontario auto: 1) The prospect of a mandated rollback in rates; 2) The erosion or unravelling of the Minor Injury Guideline; 3) The combined impact of two court cases, Kusnierz v. Economical Mutual and Pastore v. Aviva Canada; 4) The above-described arbitration backlog at FSCO; and 5) Questions as to the effectiveness of anti-fraud measures currently in the works. Says PACICC, “It is clear that Ontario drivers pay very high premiums for auto insurance and that the

government has maintained a strict prior approval system of rate regulation. Given the uncertainty, it is difficult for insurers operating in Ontario to price and reserve the Ontario auto insurance product. THE REINSURANCE SIDE Of the sector, Joel Baker reported that while reinsurers also saw growth in DPW and GPW, they also experienced a drop in NPW due to increased retrocessions of their own. “Of the three sectors, commercial, personal/multi and reinsurance, only reinsurers saw their ROE come in below 10%,” he noted, pointing to the fact that reinsurers carried so much capital. “Reinsurer volume growth is tricky to measure due to intercompany transactions but, looking at unaffiliated assumptions by Canadian reinsurers since 2010, we see that the nominal hemorrhaging in volume caused by primary company M&A and increased

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retentions has been arrested for now (with assumptions of $1.598 billion in 2012 versus $1.568 in 2011 and $1.738 in 2010),” he said. “Reinsurers, as a whole, benefited from significant reserve releases in 2012 so on an accident-year basis their combined ratio was north of 100%. Like commercial writers, their investment yield was meager. They saw their investment income drop by 25% Y/Y — not pretty, but not as bad as the commercial writers.” On the facultative casualty side, as observed by one underwriter, “Unfortunately my comments would be very similar to last year in that very little has changed on the casualty facultative or primary side. For this year, primary and facultative rates are generally flat, and if a rate increase is obtained it is usually only

a small increase of up to 5%. There is still no shortage of casualty capacity available and that is keeping the market very competitive with no signs on the horizon of any real tightening, despite some occurring in the U.S. where rates are definitely on the rise. Typically what happens south of the border eventually migrates north, but not so far. So I see no changes for the remainder of 2013, and really nothing to indicate any change in 2014, even though at the current rates there is no margin for profit on casualty business and we sorely need significant rate increases. I look at roofers, which is a tough class, as a pretty good bellwether of where the casualty market is at, and right now, they can find affordable casualty cover with no difficulty. So that is one indicator we are still in a pretty soft market.”

IN THE COURTS According to Christopher Dunn, partner at Dutton Brock, the year in the courts was marked by an ongoing trend towards substantially increased damage awards for personal injuries, particularly with respect to cost of future care. “While Ontario is leading the charge, other provinces are no doubt soon to follow,” said Dunn.

The Institute for Catastrophic Loss Reduction now considers largeloss catastrophe years to be the new normal for Canadian p&c insurers

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“Insurers and brokers will continually have to revisit what qualify as ‘reasonable’ third-party liability limits for drivers homeowners and, particularly, businesses.” “Of particular concern to insurers,” he noted, “was the ongoing approach taken by courts in dealing with the obligations of insurers towards additional insureds under their policies, and the continued willingness to embrace an approach that requires the payment of multiple sets of defence costs in relatively minor injury cases.” In his own take on the legal side of the Ontario auto dilemma, Dunn commented: “[O]f concern to insurers in Ontario was the ongoing complications facing accident benefit providers. This included both a FSCO decision and an Ontario Superior Court of Justice decision deeming an accident benefit mediation to be

“At bottom, a sound insurance operation needs to adhere to four disciplines. It must (1) understand all exposures that might cause a policy to incur losses; (2) conservatively assess the likelihood of any exposure actually causing a loss and the probable cost if it does; (3) set a premium that, on average, will deliver a profit after both prospective loss costs and operating expenses are covered; and (4) be willing to walk away if the appropriate premium can’t be obtained. Many insurers pass the first three tests and flunk the fourth. They simply can’t turn their back on business that is being eagerly written by their competitors. That old line, ‘The other guy is doing it, so we must as well,’ spells trouble in any business, but none more so than insurance.” Warren Buffet’s 2012 letter to the shareholders of Berkshire Hathaway Inc.

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“The industry may yet be able to swing another two-digit ROE in 2013, but several factors are working against that possibility.”

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Canadian Insured CAT Losses Catastrophic Insured Losses ($, Billions)

$1.8

Second Half First Half Slave Lake

$1.2

$0.6

$0.0

2006

2007

2008

2009

2010

2011 2012*

*Estimated catastrophic insured losses Source: IBC, with data from Facts Book, PCS

National Direct Loss Ratios 69%

69% 58%

Personal Property

76% 74% 62%

63%

68% 57%

Commercial Private Commercial Property Passenger Auto Liability 2011

2012

*2011 and 2012 calculated on a consolidated basis Source: IBC with data from MSA, as of March 27, 2013

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63%

Total

‘failed’ where the 60-day requirement was not met, paving the way for an automatic right to pursue arbitration or litigation. There are likely to be a number of developments on this front in the accident benefit world in 2013, as well as cases coming forward to challenge the application of the Minor Injury Guideline, which became effective in late 2011.” NATURAL CATASTROPHES In 2012, Canada experienced an unprecedented fourth consecutive year of insured weather-related catastrophes at or exceeding the $1 billion mark. Canadian carriers paid out about $1 billion for each of the last four years and, in the case of 2012, slightly more than that — about $1.2 billion. In the case of 2011, the industry paid out about $1.7 billion, largely owing to the wildfire in Slave Lake, Alberta. Even with the wildfire removed, insurers still paid out $1 billion in natural catastrophe claims that year. Since 2009, total catastrophe-related losses paid out by the industry approach or exceed $5 billion. As noted by PACICC, average catastrophic losses over the past four years are more than double the average losses of the past 10 years. These reflect only those losses that meet or exceed PCS Canada’s $25 million claims threshold. Not included in the tally are many smaller events that fall under this minimum as well as those everyday, run-of-the-mill weatherrelated losses, which, at present, no single system captures. ICLR estimates that severe weather costs for Canadian insurers now exceed $2 billion annually when losses from extreme events and smaller loss events are combined. The Institute for Catastrophic Loss Reduction (ICLR) now considers large-loss catastrophe years to be the new normal for Canadian p&c insurers, and in November 2012 formally went on the record as saying so. The Institute does caution, however, that

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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. 56.

Intact Financial Corporation........................ 15.06 Aviva Canada Inc .......................................... 8.23 TD Insurance, General Insurance ................. 6.33 RSA Canada Group ...................................... 6.00 Lloyd’s Underwriters ..................................... 5.01 Wawanesa Mutual Insurance ........................ 4.99 Co-operators General Insurance .................. 4.84 Desjardins General Insurance Group ............ 4.65 State Farm Insurance Company ................... 4.41 Economical Insurance................................... 4.13 The Dominion Of Canada ............................. 2.89 Allstate Insurance Co of Canada .................. 2.49 Northbridge Financial Corporation ............... 2.27 Zurich Insurance Company Ltd .................... 1.54 Chubb Insurance Co of Canada ................... 1.45 Ontario Mutual Insurance ............................. 1.29 Chartis Insurance Co of Canada................... 1.29 RBC General Insurance ................................ 1.29 La Capitale Assurances Gen Inc................... 1.24 SGI Canada Group ....................................... 1.19 RBC Insurance Company Of Canada ........... 0.96 Jevco Insurance Company ........................... 0.89 Gore Mutual Insurance Company ................. 0.76 Guarantee Company Of North America ........ 0.68 CNA Canada ................................................. 0.67 Munich Reinsurance Cda Group .................. 0.65 Industrielle Alliance Compagnie ................... 0.65 Travelers Canada .......................................... 0.64 Alberta Motor Association ............................ 0.62 Factory Mutual Insurance Company............. 0.58 ACE INA Insurance ...................................... 0.53 SSQ, Societe D’Assurances Gen.................. 0.46 Portage La Prairie Mutual ............................. 0.45 CAA Insurance Company (Ontario) .............. 0.44 Pembridge Insurance Company ................... 0.43 Hannover Ruckversicherung AG................... 0.42 Allianz Global Risks US................................. 0.42 Echelon General Insurance ........................... 0.40 SCOR Canada Reinsurance ......................... 0.36 Swiss Reinsurance Group ............................ 0.34 L’Unique Assurances Generales................... 0.34 Farm Mutual Reinsurance Plan ..................... 0.34 Liberty Mutual Insurance .............................. 0.31 Promutuel Reassurance................................ 0.30 Canadian Direct Insurance ........................... 0.30 Peace Hills General Insurance ...................... 0.28 Partner Reinsurance Company of the U.S.... 0.26 Optimum General Inc .................................... 0.25 Lawyers’ Professional Indemnity .................. 0.25 Transatlantic Reinsurance ............................ 0.25 FCT ............................................................... 0.24 Pafco Insurance Company ........................... 0.24 Affiliated FM Insurance ................................. 0.23 Cumis General Insurance.............................. 0.22 Stewart Title Guaranty Company.................. 0.22 XL Insurance ................................................. 0.22

2012 N.P.W.

2011 N.P.W.

6,290,072,000 3,437,983,000 2,646,002,000 2,507,328,000 2,093,962,000 2,083,019,000 2,023,203,000 1,944,721,000 1,842,450,000 1,723,656,000 1,206,918,000 1,041,006,000 950,054,000 641,825,000 605,175,000 539,580,000 539,317,000 537,307,000 516,810,000 496,707,000 400,871,000 372,619,000 315,846,000 282,395,000 281,226,000 272,680,000 271,618,000 267,840,000 260,653,000 241,168,000 220,896,000 191,925,000 187,023,000 183,875,000 179,190,000 177,277,000 174,385,000 166,409,000 151,456,000 142,567,000 141,302,000 141,183,000 128,892,000 126,102,000 125,410,000 117,582,000 107,478,000 105,195,000 104,777,000 103,318,000 102,271,000 99,033,000 97,600,000 92,205,000 91,741,000 90,416,000

4,340,614,000 3,291,024,000 2,519,036,000 2,360,019,000 2,206,620,000 2,002,286,000 2,229,026,000 1,801,808,000 1,931,286,000 1,630,836,000 1,210,921,000 941,720,000 1,085,923,000 649,716,000 615,310,000 519,070,000 562,336,000 528,837,000 500,498,000 476,488,000 403,888,000 333,361,000 296,142,000 273,811,000 244,604,000 270,977,000 218,527,000 298,192,000 251,083,000 239,090,000 210,713,000 210,240,000 183,883,000 168,742,000 155,018,000 138,874,000 167,156,000 152,585,000 157,280,000 152,279,000 123,386,000 119,007,000 122,119,000 110,921,000 120,772,000 111,919,000 110,005,000 94,442,000 109,784,000 111,894,000 169,145,000 99,320,000 82,822,000 91,975,000 79,852,000 73,717,000

% Change 44.91 4.47 5.04 6.24 -5.11 4.03 -9.23 7.93 -4.60 5.69 -0.33 10.54 -12.51 -1.21 -1.65 3.95 -4.09 1.60 3.26 4.24 -0.75 11.78 6.65 3.14 14.97 0.63 24.29 -10.18 3.81 0.87 4.83 -8.71 1.71 8.97 15.59 27.65 4.32 9.06 -3.70 -6.38 14.52 18.63 5.55 13.69 3.84 5.06 -2.30 11.39 -4.56 -7.66 -39.54 -0.29 17.84 0.25 14.89 22.65

while it considers the trend toward larger weather-related losses to be the ‘new status quo,’ this does not mean Canadian insurers will experience billion-dollar losses every year. Rather, there will continue to be good years and bad years for such losses, with large-loss years no longer being the rarities they were just a few years ago. So, with four consecutive billiondollar loss years under our belt the question, of course, is whether we’ll make it five. We’ll have to wait out the year to find out. As of the writing of this piece in mid-May, just one event — an April winter storm in southern Ontario — has been isolated by PCS as a reportable catastrophe. However in the first half of 2012 Mother Nature was also silent for the first half of the year. We still managed, however, to catch up to a billion-plus in insured catastrophe losses. The lesson here is the year isn’t over until it’s over. On another note, 2012 saw the federal Office of the Superintendent of Financial Institutions (OSFI) require insurers to stress test their financial preparedness for four scenario earthquakes. OSFI then compiled the results and presented them to the industry in December 2012. PACICC explains, “OSFI reported that a large subduction earthquake in British Columbia causing economic damage of 5% of Canada’s 2011 GDP would result in insured losses of approximately $30 billion. This earthquake

“…the top industry sore spots refuse to budge: low interest rates, excessively soft casualty markets, adverse court decisions and — of course — Ontario auto.”

(Continued On Page 32) 30

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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 57. Unica Insurance ............................................ 0.21 58. Boiler Inspection & Insurance Company ...... 0.21 59. Odyssey Reinsurance Company .................. 0.20 60. Arch Insurance (Canada) .............................. 0.20 61. North Waterloo Farmers Mutual ................... 0.18 62. Everest Reinsurance Company .................... 0.16 63. Red River Mutual .......................................... 0.16 64. XL Re America Inc — Cdn Branch................ 0.15 65. Motors Insurance Corporation ...................... 0.13 66. Old Republic Insurance Company ................ 0.13 67. Saskatchewan Mutual Insurance .................. 0.12 68. Wynward Insurance Group ........................... 0.12 69. General Reinsurance Corp............................ 0.12 70. Caisse Centrale De Reassurance ................. 0.12 71. Toa Reinsurance Co of America ................... 0.11 72. Trisura Guarantee Insurance......................... 0.11 73. Triton Insurance ............................................ 0.11 74. Berkley Insurance Company ......................... 0.10 75. Western Financial Insurance ......................... 0.10 76. Great American Insurance ............................ 0.10 77. Mutual Fire Insurance Co of BC ................... 0.09 78. Ontario School Board’s Insurance ................ 0.09 79. Co-operative Hail Ins Co Ltd ........................ 0.08 80. Le Groupe Estrie — Richelieu ....................... 0.08 81. Tokio Marine & Nichido Fire.......................... 0.07 82. Mitsui Sumitomo Insurance .......................... 0.05 83. Omega General Insurance ............................ 0.04 84. Associated Electric & Gas Ins Svs ................ 0.04 85. MAPFRE Re Compania De Re, S.A. ............. 0.04 86. PEI Mutual Insurance Company ................... 0.04 87. Sirius America Insurance .............................. 0.04 88. Western Surety Company ............................. 0.03 89. Federal Insurance Company ......................... 0.03 90. Euler Hermes North America Insurance........ 0.03 91. Legacy General Insurance ............................ 0.03 92. Hartford Fire Insurance ................................. 0.03 93. Munich Reinsurance America, Inc. ............... 0.03 94. Aspen Insurance UK Limited ........................ 0.02 95. Mennonite Mutual Fire Insurance ................. 0.02 96. American Road Insurance Company ............ 0.02 97. Kings Mutual Insurance Company ................ 0.02 98. The Mearie Group ......................................... 0.01 99. Pacific Coast Fishermen’s Mutual ................ 0.01 100. Sompo Japan Insurance Inc ......................... 0.01 101. Everest Insurance Co of Canada .................. 0.01 102. Antigonish Farmers’ Mutual .......................... 0.01 103. Atradius Credit Insurance N.V ...................... 0.01 104. Fundy Mutual Insurance ............................... 0.01 105. Protective Insurance Company .................... 0.00 106. Clare Mutual Insurance Company ................ 0.00 107. Nipponkoa Insurance Co Ltd ........................ 0.00 108. T.H.E. Insurance Company ........................... 0.00 109. Corepoint Insurance ..................................... 0.00 110. Alea (Bermuda) Ltd ....................................... 0.00 111. Utica Mutual Insurance Co Ltd ..................... 0.00 TOTALS

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2012 N.P.W. 88,030,000 87,794,000 83,937,000 82,729,000 74,375,000 68,359,000 65,394,000 61,102,000 56,008,000 55,801,000 51,300,000 50,748,000 50,283,000 48,931,000 46,345,000 46,334,000 44,424,000 43,244,000 41,747,000 41,545,000 38,336,000 35,934,000 32,861,000 32,735,000 27,303,000 21,017,000 17,927,000 16,821,000 16,571,000 15,621,000 14,846,000 13,038,000 12,807,000 12,252,000 12,082,000 11,793,000 11,756,000 9,013,000 7,019,000 6,697,000 6,573,000 5,768,000 5,470,000 5,379,000 4,401,000 4,294,000 4,087,000 2,400,000 1,244,000 1,113,000 1,066,000 160,000 52,000 44,000 19,000

2011 N.P.W. 107,126,000 101,502,000 65,677,000 69,286,000 70,695,000 154,352,000 64,737,000 56,657,000 134,752,000 49,764,000 47,508,000 45,863,000 50,408,000 50,183,000 39,341,000 39,531,000 25,514,000 40,767,000 39,825,000 46,810,000 32,802,000 34,832,000 31,537,000 36,278,000 25,460,000 20,739,000 18,437,000 0 16,770,000 14,819,000 15,526,000 13,340,000 14,026,000 11,980,000 13,893,000 12,668,000 13,354,000 30,810,000 6,472,000 6,470,000 6,371,000 6,772,000 6,070,000 5,103,000 4,817,000 0 4,227,000 2,306,000 0 994,000 1,151,000 88,000 -86,000 4,000 0

% Change -17.83 -13.51 27.80 19.40 5.21 -55.71 1.01 7.85 -58.44 12.13 7.98 10.65 -0.25 -2.49 17.80 17.21 74.12 6.08 4.83 -11.25 16.87 3.16 4.20 -9.77 7.24 1.34 -2.77 0.00 -1.19 5.41 -4.38 -2.26 -8.69 2.27 -13.04 -6.91 -11.97 -70.75 8.45 3.51 3.17 -14.83 -9.88 5.41 -8.64 0.00 -3.31 4.08 0.00 11.97 -7.38 81.82 -160.47 1,000.00 0.00

would cause more than half of all federally regulated p&c insurers to fall below the regulatory minimum capital test (MCT of less than 150 percent) — before management action. OSFI also reported that approximately 40 percent of these insurers would have negative capital scores.” Also in 2012, OSFI released revisions to its Earthquake Exposure Sound Practices Guideline. PACICC notes that several important changes to the 15-year-old guideline were identified by OSFI, including: a focus on earthquake risk at the national level rather than on regional perils; clearer direction for p&c insurance company Boards of Directors in their oversight of earthquake risk; and emphasis on data quality. The final guideline was released in February 2013, and can be read in full at http://bit.ly/osfiquake LOOKING FORWARD In an industry where statistics abound and there is not shortage of topics on which to concentrate, the challenge is always to keep this discussion as fresh as possible. And that’s hard to do when the top industry sore spots refuse to budge: low interest rates, excessively soft casualty markets, adverse court decisions and — of course — Ontario auto. In a bid not to be overly morose, bright spots include a not stellar, but decent, industry ROE in excess of 11%, which is better than the 10-year industry average and the first double-digit ROE since 2007. Also on the high side is a healthy outlook for the industry form a solvency perspective.

“When rates do finally start rising, a large portion of the industry’s portfolio will be tied up in low-yielding securities…”

41,780,448,000 39,369,227,000

canadianunderwriter.ca CANADIAN UNDERWRITER STATISTICAL ISSUE 2013


Yet, as Joel Baker cautions in his 2012 outlook, “The cross winds are many.” “The industry may yet be able to swing another two-digit ROE in 2013 but several factors are working against that possibility. The first being the low interest rates — they are increasingly biting as bonds roll over and need to be reinvested. When rates do finally start rising, a large portion of the industry’s portfolio will be tied up in low-yielding securities and, depending on durations, will cause varying degrees of pain on the way up, too. The second headwind is the fragility of the recovery in Ontario auto. Loss ratios on the BI side (third-party bodily injury) continue to head the wrong way (due in part to reserve strengthening) while AB (statutory accident benefit) loss ratios came down (thanks to large reserve releases).” And the knot tightens.


Companies (Total Business) N.P.W. - By Company Name Company

% Market

ACE INA Insurance ...................................... 0.53 Affiliated FM Insurance ................................. 0.23 Alberta Motor Association ............................ 0.62 Alea (Bermuda) Ltd ....................................... 0.00 Allianz Global Risks US ................................. 0.42 Allstate Insurance Co of Canada .................. 2.49 American Road Insurance Company ............ 0.02 Antigonish Farmers’ Mutual .......................... 0.01 Arch Insurance (Canada) ............................... 0.20 Aspen Insurance UK Limited ........................ 0.02 Associated Electric & Gas Ins Svs .................. 0.04 Atradius Credit Insurance N.V....................... 0.01 Aviva Canada Inc .......................................... 8.23 Berkley Insurance Company ......................... 0.10 Boiler Inspection & Insurance Company....... 0.21 CAA Insurance Company (Ontario) .............. 0.44 Caisse Centrale De Reassurance ................. 0.12 Canadian Direct Insurance ............................ 0.30 Chartis Insurance Co of Canada ................... 1.29 Chubb Insurance Co of Canada ................... 1.45 Clare Mutual Insurance Company ................ 0.00 CNA Canada ................................................. 0.67 Co-operative Hail Ins Co Ltd ........................ 0.08 Co-operators General Insurance .................. 4.84 Corepoint Insurance...................................... 0.00 Cumis General Insurance .............................. 0.22 Desjardins General Insurance Group ............ 4.65 The Dominion Of Canada.............................. 2.89 Echelon General Insurance ........................... 0.40 Economical Insurance ................................... 4.13 Euler Hermes North America Insurance........ 0.03 Everest Insurance Co of Canada .................. 0.01 Everest Reinsurance Company ..................... 0.16 Factory Mutual Insurance Company ............. 0.58 Farm Mutual Reinsurance Plan ..................... 0.34 FCT .............................................................. 0.24 Federal Insurance Company ......................... 0.03 Fundy Mutual Insurance ............................... 0.01 General Reinsurance Corp ............................ 0.12 Gore Mutual Insurance Company ................. 0.76 Great American Insurance ............................ 0.10 Guarantee Company Of North America ........ 0.68 Hannover Ruckversicherung AG ................... 0.42 Hartford Fire Insurance ................................. 0.03 Industrielle Alliance Compagnie.................... 0.65 Intact Financial Corporation .......................... 15.06 Jevco Insurance Company ........................... 0.89 Kings Mutual Insurance Company ................ 0.02 La Capitale Assurances Gen Inc ................... 1.24 Lawyers’ Professional Indemnity .................. 0.25 Le Groupe Estrie –Richelieu .......................... 0.08 Legacy General Insurance ............................ 0.03 Liberty Mutual Insurance .............................. 0.31 Lloyd’s Underwriters ..................................... 5.01 L’Unique Assurances Generales ................... 0.34 MAPFRE Re Compania De Re, S.A. ............. 0.04

34

2012 N.P.W. 220,896,000 97,600,000 260,653,000 44,000 174,385,000 1,041,006,000 6,697,000 4,294,000 82,729,000 9,013,000 16,821,000 4,087,000 3,437,983,000 43,244,000 87,794,000 183,875,000 48,931,000 125,410,000 539,317,000 605,175,000 1,113,000 281,226,000 32,861,000 2,023,203,000 52,000 92,205,000 1,944,721,000 1,206,918,000 166,409,000 1,723,656,000 12,252,000 4,401,000 68,359,000 241,168,000 141,183,000 102,271,000 12,807,000 2,400,000 50,283,000 315,846,000 41,545,000 282,395,000 177,277,000 11,793,000 271,618,000 6,290,072,000 372,619,000 6,573,000 516,810,000 104,777,000 32,735,000 12,082,000 128,892,000 2,093,962,000 141,302,000 16,571,000

Company

% Market

The Mearie Group ......................................... 0.01 Mennonite Mutual Fire Insurance.................. 0.02 Mitsui Sumitomo Insurance .......................... 0.05 Motors Insurance Corporation ...................... 0.13 Munich Reinsurance America, Inc. ............... 0.03 Munich Reinsurance Cda Group................... 0.65 Mutual Fire Insurance Co of BC .................... 0.09 Nipponkoa Insurance Co Ltd ........................ 0.00 North Waterloo Farmers Mutual .................... 0.18 Northbridge Financial Corporation................ 2.27 Odyssey Reinsurance Company................... 0.20 Old Republic Insurance Company ................ 0.13 Omega General Insurance ............................ 0.04 Ontario Mutual Insurance.............................. 1.29 Ontario School Board’s Insurance ................ 0.09 Optimum General Inc .................................... 0.25 PEI Mutual Insurance Company ................... 0.04 Pacific Coast Fishermen’s Mutual Marine..... 0.01 Pafco Insurance Company............................ 0.24 Partner Reinsurance Company of the U.S .... 0.26 Peace Hills General Insurance ...................... 0.28 Pembridge Insurance Company ................... 0.43 Portage La Prairie Mutual ............................. 0.45 Promutuel Reassurance ................................ 0.30 Protective Insurance Company ..................... 0.00 RBC General Insurance ................................ 1.29 RBC Insurance Company Of Canada ........... 0.96 Red River Mutual .......................................... 0.16 RSA Canada Group ...................................... 6.00 Saskatchewan Mutual Insurance .................. 0.12 SCOR Canada Reinsurance.......................... 0.36 SGI Canada Group........................................ 1.19 Sirius America Insurance .............................. 0.04 Sompo Japan Insurance Inc ......................... 0.01 SSQ, Societe D’Assurances Gen .................. 0.46 State Farm Insurance Company ................... 4.41 Stewart Title Guaranty Company .................. 0.22 Swiss Reinsurance Group ............................. 0.34 T.H.E. Insurance Company ........................... 0.00 TD Insurance, General Insurance.................. 6.33 Toa Reinsurance Co of America.................... 0.11 Tokio Marine & Nichido Fire .......................... 0.07 Transatlantic Reinsurance ............................. 0.25 Travelers Canada .......................................... 0.64 Trisura Guarantee Insurance ......................... 0.11 Triton Insurance............................................. 0.11 Unica Insurance ............................................ 0.21 Utica Mutual Insurance Co Ltd ..................... 0.00 Wawanesa Mutual Insurance ........................ 4.99 Western Financial Insurance ......................... 0.10 Western Surety Company ............................. 0.03 Wynward Insurance Group ........................... 0.12 XL Insurance ................................................. 0.22 XL Re America Inc – Cdn Branch ................. 0.15 Zurich Insurance Company Ltd .................... 1.54 TOTALS ........................................................

2012 N.P.W.

5,768,000 7,019,000 21,017,000 56,008,000 11,756,000 272,680,000 38,336,000 1,066,000 74,375,000 950,054,000 83,937,000 55,801,000 17,927,000 539,580,000 35,934,000 105,195,000 15,621,000 5,470,000 99,033,000 107,478,000 117,582,000 179,190,000 187,023,000 126,102,000 1,244,000 537,307,000 400,871,000 65,394,000 2,507,328,000 51,300,000 151,456,000 496,707,000 14,846,000 5,379,000 191,925,000 1,842,450,000 91,741,000 142,567,000 160,000 2,646,002,000 46,345,000 27,303,000 103,318,000 267,840,000 46,334,000 44,424,000 88,030,000 19,000 2,083,019,000 41,747,000 13,038,000 50,748,000 90,416,000 61,102,000 641,825,000 41,780,448,000

canadianunderwriter.ca CANADIAN UNDERWRITER STATISTICAL ISSUE 2013


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How The Private Companies Rank (Property) N.P.W. % Market

36

2012 N.P.W. 51. General Reinsurance Corp ..................

% Market

2012 N.P.W.

0.25

36,751,000

1. Intact Financial Corporation ................

15.70 2,292,647,000

2. Aviva Canada Inc ................................

7.69 1,123,080,000

52. Mutual Fire Insurance Co of BC ..........

0.25

36,196,000

3. Lloyd’s Underwriters ...........................

6.50

949,849,000

53. Saskatchewan Mutual Insurance ........

0.25

36,165,000

4. RSA Canada Group .............................

5.99

874,931,000

54. Arch Insurance (Canada) .....................

0.25

35,966,000

5. Wawanesa Mutual Insurance ..............

5.89

860,810,000

55. Pembridge Insurance Company..........

0.24

35,587,000

6. Co–operators General Insurance Co ...

5.63

822,768,000

56. Unica Insurance ..................................

0.23

34,205,000

7. TD Insurance, General Insurance ........

4.79

700,187,000

57. Canadian Direct Insurance ..................

0.23

33,906,000

8. Desjardins General Insurance Group ..

4.59

670,811,000

58. XL Re America Inc – Cdn Branch ........

0.22

32,030,000

9. Economical Insurance .........................

4.34

633,174,000

59. Jevco Insurance Company..................

0.21

30,599,000

10. State Farm Insurance Company .........

3.10

453,339,000

60. CAA Insurance Company (Ontario) ....

0.19

27,955,000

11. The Dominion Of Canada ....................

2.41

352,034,000

61. Le Groupe Estrie–Richelieu .................

0.19

27,914,000

12. Northbridge Financial Corporation ......

2.09

305,713,000

62. Liberty Mutual Insurance .....................

0.18

26,435,000

13. Ontario Mutual Insurance ....................

1.94

283,209,000

63. Everest Reinsurance Company ...........

0.13

19,167,000

14. Chubb Insurance Co of Canada..........

1.89

275,402,000

64. Echelon General Insurance .................

0.12

18,139,000

15. Zurich Insurance Company Ltd ...........

1.65

240,585,000

65. Caisse Centrale De Reassurance ........

0.12

18,073,000

16. Allstate Insurance Co of Canada.........

1.59

232,011,000

66. XL Insurance........................................

0.12

18,026,000

17. SGI Canada Group ..............................

1.55

226,577,000

67. Great American Insurance...................

0.12

17,860,000

18. Factory Mutual Insurance Company ...

1.31

190,934,000

68. Toa Reinsurance Co of America .........

0.12

16,823,000

19. La Capitale Assurances Gen Inc .........

1.22

178,334,000

69. MAPFRE Re Compania De Re, S.A. ...

0.11

15,804,000

20. Chartis Insurance Co of Canada .........

0.93

135,875,000

70. Omega General Insurance ..................

0.11

15,775,000

21. Gore Mutual Insurance Company .......

0.84

122,767,000

71. PEI Mutual Insurance Company ..........

0.10

14,133,000

22. Munich Reinsurance Cda Group .........

0.82

120,339,000

72. Triton Insurance ..................................

0.09

13,235,000

23. RBC General Insurance .......................

0.81

117,693,000

73. Sirius America Insurance.....................

0.08

12,291,000

24. SCOR Canada Reinsurance ................

0.77

112,550,000

74. Ontario School Board’s Insurance ......

0.08

11,851,000

25. Promutuel Reassurance ......................

0.69

100,870,000

75. Motors Insurance Corporation ............

0.08

11,846,000

26. Swiss Reinsurance Group ...................

0.66

97,037,000

76. Tokio Marine & Nichido Fire ................

0.06

9,362,000

27. Hannover Ruckversicherung AG .........

0.59

86,802,000

77. Hartford Fire Insurance .......................

0.05

7,640,000

28. Portage La Prairie Mutual ....................

0.58

85,390,000

78. Munich Reinsurance America, Inc.......

0.05

6,849,000

29. Affiliated FM Insurance........................

0.58

84,947,000

79. Mennonite Mutual Fire Insurance ........

0.04

6,302,000

30. Guarantee Co Of North America .........

0.55

80,464,000

80. Old Republic Insurance Company ......

0.04

5,918,000

31. Farm Mutual Reinsurance Plan ...........

0.52

75,305,000

81. Mitsui Sumitomo Insurance.................

0.04

5,881,000

32. Allianz Global Risks US .......................

0.51

74,874,000

82. Kings Mutual Insurance Company ......

0.04

5,721,000

33. Industrielle Alliance Compagnie ..........

0.50

72,334,000

83. Antigonish Farmers’ Mutual ................

0.03

3,870,000

34. SSQ, Societe D’Assurances Gen ........

0.50

72,296,000

84. Boiler Inspection & Insurance Company

0.02

2,965,000

35. Peace Hills General Insurance ............

0.46

67,277,000

85. Federal Insurance Company ...............

0.02

2,850,000

36. Partner Reinsurance Co of the U.S .....

0.44

63,713,000

86. Associated Electric & Gas Ins Services .

0.02

2,736,000

37. Red River Mutual .................................

0.43

62,435,000

87. Berkley Insurance Company ...............

0.02

2,670,000

38. CNA Canada .......................................

0.41

59,781,000

88. Aspen Insurance UK Limited ...............

0.02

2,627,000

39. ACE INA Insurance .............................

0.41

59,756,000

89. Sompo Japan Insurance Inc ...............

0.02

2,410,000

40. Alberta Motor Association ...................

0.40

58,215,000

90. Fundy Mutual Insurance ......................

0.02

2,365,000

41. Transatlantic Reinsurance ...................

0.39

57,634,000

91. Everest Insurance Co of Canada ........

0.01

1,108,000 1,084,000

42. Optimum General Inc ..........................

0.37

53,528,000

92. Clare Mutual Insurance Company .......

0.01

43. L’Unique Assurances Generales .........

0.36

53,121,000

93. Nipponkoa Insurance Co Ltd ..............

0.00

465,000

44. RBC Insurance Company Of Canada .

0.33

48,030,000

94. The Mearie Group ...............................

0.00

396,000

45. Odyssey Reinsurance Company .........

0.31

45,428,000

95. Legacy General Insurance...................

0.00

237,000

46. Travelers Canada ................................

0.30

43,255,000

96. Trisura Guarantee Insurance ...............

0.00

73,000

47. Western Financial Insurance ...............

0.29

41,747,000

97. Alea (Bermuda) Ltd..............................

0.00

19,000

48. Wynward Insurance Group .................

0.27

39,500,000

98. T.H.E. Insurance Company .................

0.00

6,000

49. Cumis General Insurance ....................

0.26

37,379,000

99. Corepoint Insurance ............................

0.00

1,000

50. North Waterloo Farmers Mutual ..........

0.25

37,238,000

TOTAL .........................................................

14,604,262,000

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How The Private Companies Rank (Automobile) N.P.W. % Market

38

2012 N.P.W.

% Market

2012 N.P.W.

1. Intact Financial Corporation .............. 17.30

3,550,996,000

44. North Waterloo Farmers Mutual ........

0.16

33,133,000

2. TD Insurance, General Insurance ......

9.44

1,937,384,000

45. Lloyd’s Underwriters .........................

0.14

29,556,000

3. Aviva Canada Inc ..............................

9.06

1,858,973,000

46. Liberty Mutual Insurance ...................

0.14

28,396,000

4. State Farm Insurance Company .......

6.53

1,340,935,000

47. Hannover Ruckversicherung AG .......

0.12

25,446,000

5. Desjardins General Insurance Group

6.08

1,248,197,000

48. CNA Canada .....................................

0.12

24,950,000

6. RSA Canada Group ...........................

6.00

1,231,919,000

49. Promutuel Reassurance ....................

0.10

20,439,000

7. Wawanesa Mutual Insurance ............

5.77

1,184,320,000

50. SCOR Canada Reinsurance ..............

0.10

19,732,000

8. Co–operators General Insurance Co.

4.85

995,369,000

51. Transatlantic Reinsurance .................

0.07

14,206,000

9. Economical Insurance .......................

4.56

934,915,000

52. Partner Reinsurance Company of the US .

0.07

13,448,000

10. Allstate Insurance Co of Canada.......

3.94

808,995,000

53. Everest Reinsurance Company .........

0.06

13,091,000

11. The Dominion Of Canada ..................

3.75

769,471,000

54. Odyssey Reinsurance Company .......

0.06

12,636,000

12. Northbridge Financial Corporation ....

2.08

427,071,000

55. Toa Reinsurance Co of America .......

0.06

11,813,000

13. RBC General Insurance .....................

2.03

417,451,000

56. Saskatchewan Mutual Insurance ......

0.05

10,076,000

14. La Capitale Assurances Gen Inc .......

1.56

320,563,000

57. Caisse Centrale De Reassurance ......

0.05

9,981,000

15. Jevco Insurance Company................

1.50

307,057,000

58. Arch Insurance (Canada) ...................

0.04

8,630,000

16. SGI Canada Group ............................

1.11

227,713,000

59. Swiss Reinsurance Group .................

0.04

8,533,000

17. Ontario Mutual Insurance ..................

1.06

216,679,000

60. American Road Insurance Company

0.03

6,697,000

18. Alberta Motor Association .................

0.98

201,319,000

61. Tokio Marine & Nichido Fire ..............

0.03

6,142,000

19. Industrielle Alliance Compagnie ........

0.97

199,287,000

62. General Reinsurance Corp ................

0.03

5,472,000

20. Gore Mutual Insurance Company .....

0.84

172,325,000

63. Mitsui Sumitomo Insurance...............

0.02

4,070,000

21. Zurich Insurance Company Ltd .........

0.75

154,184,000

64. Sirius America Insurance...................

0.01

2,090,000

22. Pembridge Insurance Company........

0.70

143,603,000

65. XL Re America Inc – Cdn Branch ......

0.01

1,824,000

23. CAA Insurance Company (Ontario) ..

0.67

136,952,000

66. Ontario School Board’s Insurance ....

0.01

1,304,000

24. RBC Insurance Company Of Canada .

0.65

133,129,000

67. Federal Insurance Company .............

0.01

1,275,000

25. Echelon General Insurance ...............

0.64

132,326,000

68. Protective Insurance Company .........

0.01

1,244,000

26. SSQ, Societe D’Assurances Gen ......

0.58

119,669,000

69. XL Insurance......................................

0.01

1,135,000

27. Pafco Insurance Company ................

0.48

99,033,000

70. Allianz Global Risks US .....................

0.01

1,078,000

28. Portage La Prairie Mutual ..................

0.46

94,115,000

71. Sompo Japan Insurance Inc .............

0.00

972,000

29. Canadian Direct Insurance ................

0.44

89,838,000

72. Hartford Fire Insurance .....................

0.00

794,000

30. Guarantee Co Of North America .......

0.40

82,705,000

73. Le Groupe Estrie–Richelieu ...............

0.00

731,000

31. L’Unique Assurances Generales .......

0.40

82,228,000

74. Great American Insurance.................

0.00

671,000

32. Chubb Insurance Co of Canada........

0.38

77,156,000

75. The Mearie Group .............................

0.00

585,000

33. Motors Insurance Corporation ..........

0.31

64,400,000

76. Munich Reinsurance America, Inc.....

0.00

284,000

34. ACE INA Insurance ...........................

0.26

53,172,000

77. Aspen Insurance UK Limited .............

0.00

240,000

35. Peace Hills General Insurance ..........

0.25

50,305,000

78. Berkley Insurance Company .............

0.00

237,000

36. Unica Insurance ................................

0.24

49,061,000

79. Nipponkoa Insurance Co Ltd ............

0.00

232,000

37. Farm Mutual Reinsurance Plan .........

0.23

48,216,000

80. Mennonite Mutual Fire Insurance ......

0.00

101,000

38. Old Republic Insurance Company ....

0.23

46,183,000

81. Everest Insurance Co of Canada ......

0.00

41,000

39. Cumis General Insurance ..................

0.21

42,461,000

82. T.H.E. Insurance Company ...............

0.00

25,000

40. Chartis Insurance Co of Canada .......

0.19

39,206,000

83. Alea (Bermuda) Ltd............................

0.00

14,000

41. Munich Reinsurance Cda Group .......

0.19

38,804,000

84. Corepoint Insurance ..........................

0.00

–1,000

42. Optimum General Inc ........................

0.18

37,551,000

TOTAL .......................................................

43. Travelers Canada ..............................

0.17

34,932,000

20,521,491,000

canadianunderwriter.ca CANADIAN UNDERWRITER STATISTICAL ISSUE 2013


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40

canadianunderwriter.ca CANADIAN UNDERWRITER STATISTICAL ISSUE 2013

The Dominion Of Canada .........................

Allstate Insurance Co of Canada .............

Northbridge Financial Corporation ...........

Zurich Insurance Company Ltd................

11.

12.

13.

14.

CNA Canada ............................................

Industrielle Alliance Compagnie ...............

Travelers Canada .....................................

Alberta Motor Association ........................

Factory Mutual Insurance Company ........

ACE INA Insurance..................................

25.

26.

27.

28.

29.

30.

Gore Mutual Insurance Company ............

Guarantee Company Of North America ...

23.

Jevco Insurance Company ......................

22.

24.

SGI Canada Group ...................................

RBC Insurance Company Of Canada ......

20.

21.

La Capitale Assurances Gen Inc ..............

Economical Insurance ..............................

10.

RBC General Insurance............................

State Farm Insurance Company ..............

9.

19.

Desjardins General Insurance Group .......

8.

18.

Co–operators General Insurance ..............

7.

Chartis Insurance Co of Canada ..............

Wawanesa Mutual Insurance ...................

6.

17.

Lloyd’s Underwriters ................................

5.

Chubb Insurance Co of Canada ..............

RSA Canada Group..................................

4.

Ontario Mutual Insurance .........................

TD Insurance, General Insurance .............

3.

15.

Aviva Canada Inc .....................................

2.

16.

Intact Financial Corporation .....................

1.

220,896,000

241,168,000

260,653,000

267,840,000

271,618,000

281,226,000

282,395,000

315,846,000

372,619,000

400,871,000

496,707,000

516,810,000

537,307,000

539,317,000

539,580,000

605,175,000

641,825,000

950,054,000

1,041,006,000

1,206,918,000

1,723,656,000

1,842,450,000

1,944,721,000

2,023,203,000

2,083,019,000

2,093,962,000

2,507,328,000

2,646,002,000

3,437,983,000

212,616,000

250,205,000

254,398,000

282,653,000

222,768,000

265,810,000

278,424,000

305,601,000

365,555,000

397,408,000

487,485,000

482,373,000

536,272,000

563,174,000

529,416,000

609,830,000

641,342,000

987,599,000

991,392,000

1,209,265,000

1,666,018,000

1,870,839,000

1,874,511,000

1,995,585,000

2,039,766,000

2,051,838,000

2,466,612,000

2,563,041,000

3,388,615,000

6,242,659,000

$

$

6,290,072,000

Premiums Earned 100% Basis

Net Premiums Written

UNDERWRITING RESULTS

172,828,000

124,241,000

193,842,000

83,367,000

117,458,000

159,675,000

167,553,000

198,848,000

288,943,000

217,484,000

249,621,000

286,740,000

377,239,000

301,576,000

269,369,000

285,927,000

426,831,000

751,831,000

621,399,000

883,958,000

1,018,448,000

1,447,956,000

1,301,960,000

1,254,318,000

1,501,258,000

1,042,907,000

1,677,070,000

2,103,351,000

2,099,962,000

3,881,221,000

$

Net Claims & Adjusting Expenses

22,082,000

–12,490,000

30,554,000

44,967,000

10,718,000

48,001,000

61,225,000

61,754,000

62,235,000

80,301,000

100,364,000

60,598,000

31,793,000

111,145,000

97,701,000

55,038,000

147,917,000

86,381,000

221,432,000

356,071,000

180,875,000

26,037,000

282,604,000

365,988,000

488,197,000

316,634,000

283,965,000

693,482,000

1,080,380,000

$

Commissions

(Continued On Page 42)

81.29

49.66

76.20

29.49

52.73

60.07

60.18

65.07

79.04

54.73

51.21

59.44

70.34

53.55

50.88

46.89

66.55

76.13

62.68

73.10

61.13

77.40

69.46

62.85

73.60

50.83

67.99

82.06

61.97

62.17

%

Earned Loss Ratio

10,185,000

12,829,000

8,066,000

10,940,000

6,930,000

7,135,000

8,943,000

11,047,000

12,077,000

9,837,000

22,453,000

16,521,000

17,086,000

31,452,000

1,385,000

22,349,000

47,252,000

43,012,000

32,248,000

41,489,000

59,552,000

51,868,000

64,416,000

60,635,000

72,402,000

61,758,000

89,223,000

82,427,000

117,446,000

227,762,000

$

Taxes

24,717,000

46,525,000

29,528,000

66,896,000

39,465,000

28,006,000

46,185,000

33,676,000

35,970,000

89,071,000

59,538,000

106,565,000

105,796,000

64,205,000

98,771,000

81,751,000

91,981,000

169,616,000

161,873,000

147,399,000

182,797,000

174,035,000

373,845,000

345,585,000

168,936,000

7,062,000

307,758,000

245,807,000

311,679,000

646,128,000

$

General Expenses

26.80

18.73

26.79

43.45

25.64

31.28

41.79

34.84

30.17

45.09

37.41

38.08

0.00

22.63

39.91

33.09

30.29

36.51

28.29

33.93

35.92

21.74

24.77

34.52

29.77

27.15

28.93

23.89

33.13

31.31

%

Total Expense Ratio

108.09

68.39

102.99

72.94

78.37

91.35

101.97

99.91

109.21

99.82

88.62

97.52

0.00

76.18

90.79

79.98

96.84

112.64

90.97

107.03

97.05

99.14

94.23

97.37

103.37

77.98

96.92

105.95

95.10

93.48

%

Combined Loss & Exp. Ratio

–17,196,000

80,880,000

127,000

78,454,000

8,214,000

22,910,000

–5,483,000

4,939,000

–33,670,000

715,000

55,509,000

11,240,000

34,226,000

134,908,000

61,306,000

122,102,000

22,411,000

–118,858,000

112,996,000

–69,848,000

69,983,000

18,631,000

105,801,000

73,246,000

–37,893,000

451,914,000

76,173,000

–152,509,000

166,046,000

407,168,000

$

Undrwtg. Profit or Loss

GENERAL COMPANIES (PRIVATE SECTOR) RESULTS

29,915,000

36,281,000

18,721,000

52,898,000

3,964,000

28,700,000

37,212,000

17,216,000

53,673,000

11,496,000

33,165,000

13,845,000

32,601,000

149,906,000

54,993,000

70,259,000

75,706,000

–4,268,000

77,921,000

121,109,000

125,254,000

245,711,000

135,894,000

206,931,000

295,561,000

78,629,000

168,381,000

143,485,000

235,975,000

347,310,000

$

Inv. Income

(from figures supplied by the companies for 2012 business transacted in Canada)

0.93

19.88

10.47

9.53

20.24

9.83

7.09

8.96

40.16

8.99

30.40

11.76

18.57

15.46

9.70

18.19

10.03

–5.19

21.89

7.90

11.05

10.07

20.90

17.39

9.04

27.10

9.58

–0.18

16.93

10.42

%

Return on Equity


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42

canadianunderwriter.ca CANADIAN UNDERWRITER STATISTICAL ISSUE 2013

L’Unique Assurances Generales ..............

Liberty Mutual Insurance..........................

Canadian Direct Insurance .......................

Peace Hills General Insurance .................

Optimum General Inc ...............................

37.

38.

39.

40.

41.

Boiler Inspection & Insurance Company ..

Arch Insurance (Canada) ..........................

North Waterloo Farmers Mutual ...............

50.

51.

52.

Berkley Insurance Company ....................

Western Financial Insurance ....................

Great American Insurance........................

Mutual Fire Insurance Co of BC ...............

Ontario School Board’s Insurance ...........

60.

62.

63.

64.

Triton Insurance .......................................

59.

61.

Wynward Insurance Group .....................

Trisura Guarantee Insurance ....................

57.

58.

Old Republic Insurance Company ...........

Saskatchewan Mutual Insurance .............

55.

56.

Red River Mutual......................................

Unica Insurance .......................................

49.

Motors Insurance Corporation .................

XL Insurance ............................................

48.

53.

Stewart Title Guaranty Company .............

47.

54.

Affiliated FM Insurance ............................

Cumis General Insurance .........................

45.

46.

Pafco Insurance Company .......................

Echelon General Insurance ......................

36.

44.

Allianz Global Risks US ............................

35.

Lawyers’ Professional Indemnity .............

Pembridge Insurance Company ..............

34.

FCT...........................................................

CAA Insurance Company (Ontario) .........

33.

42.

Portage La Prairie Mutual.........................

32.

43.

SSQ, Societe D’Assurances Gen .............

31.

35,934,000

38,336,000

41,545,000

41,747,000

43,244,000

44,424,000

46,334,000

50,748,000

51,300,000

55,801,000

56,008,000

65,394,000

74,375,000

82,729,000

87,794,000

88,030,000

90,416,000

91,741,000

92,205,000

97,600,000

99,033,000

102,271,000

104,777,000

105,195,000

117,582,000

125,410,000

128,892,000

141,302,000

166,409,000

174,385,000

179,190,000

183,875,000

187,023,000

36,417,000

35,548,000

43,855,000

41,334,000

42,940,000

43,564,000

40,612,000

46,606,000

49,039,000

52,189,000

129,661,000

64,550,000

72,592,000

75,068,000

95,235,000

97,920,000

91,100,000

91,741,000

90,982,000

90,607,000

99,918,000

102,271,000

104,717,000

102,818,000

114,363,000

123,204,000

126,138,000

126,227,000

162,838,000

177,961,000

167,044,000

179,955,000

184,523,000

182,512,000

$

$

191,925,000

Premiums Earned 100% Basis

Net Premiums Written

UNDERWRITING RESULTS

30,863,000

22,285,000

32,939,000

22,480,000

31,848,000

9,303,000

11,651,000

19,827,000

27,211,000

40,360,000

83,951,000

36,246,000

39,838,000

66,355,000

24,910,000

59,823,000

58,925,000

14,385,000

52,065,000

102,718,000

44,552,000

32,322,000

106,106,000

50,651,000

70,853,000

84,592,000

93,723,000

74,791,000

106,856,000

150,673,000

105,341,000

106,343,000

126,088,000

114,586,000

$

Net Claims & Adjusting Expenses

9,971,000

8,065,000

883,000

9,618,000

48,000

10,507,000

10,626,000

10,607,000

6,724,000

9,760,000

16,432,000

15,665,000

–2,842,000

27,596,000

17,677,000

8,125,000

12,598,000

3,541,000

14,940,000

53,000

–3,841,000

15,988,000

21,795,000

1,785,000

–6,593,000

20,596,000

27,663,000

11,468,000

31,337,000

8,991,000

33,769,000

4,457,000

$

Commissions

(Continued On Page 43)

84.75

62.69

75.11

54.39

74.17

21.35

28.69

42.54

55.49

77.33

64.75

56.15

54.88

88.39

26.16

61.09

64.68

15.68

57.23

113.37

44.59

31.60

101.33

49.26

61.95

68.66

74.30

59.25

65.62

84.67

63.06

59.09

68.33

62.78

%

Earned Loss Ratio

1,133,000

124,000

3,017,000

1,907,000

1,377,000

1,169,000

1,735,000

2,424,000

2,340,000

1,901,000

4,689,000

3,090,000

2,383,000

4,853,000

1,136,000

2,996,000

3,897,000

2,861,000

3,419,000

3,837,000

3,215,000

3,614,000

3,321,000

4,284,000

5,889,000

5,078,000

9,403,000

4,757,000

5,206,000

8,624,000

5,489,000

5,375,000

7,567,000

6,480,000

$

Taxes

2,243,000

4,321,000

11,200,000

14,441,000

9,822,000

4,624,000

13,723,000

9,152,000

7,689,000

4,876,000

43,640,000

7,776,000

9,924,000

21,429,000

19,242,000

15,588,000

21,431,000

48,056,000

13,141,000

10,277,000

9,553,000

60,997,000

18,390,000

24,202,000

20,840,000

28,883,000

28,352,000

22,408,000

20,240,000

21,116,000

18,824,000

52,172,000

26,201,000

43,899,000

$

General Expenses

0.00

40.55

50.81

41.69

48.48

13.41

63.93

47.64

42.08

25.87

44.80

42.29

38.53

31.23

50.37

37.03

36.72

0.00

32.05

19.49

27.73

63.23

17.07

43.26

42.43

29.01

24.70

37.84

32.61

23.16

33.31

36.97

36.60

30.05

%

Total Expense Ratio

0.00

103.24

125.92

96.08

122.65

34.76

92.62

90.18

97.57

103.20

109.55

98.44

93.41

119.62

76.53

98.12

101.40

0.00

89.28

132.86

72.32

94.83

118.40

92.52

104.38

97.67

99.00

97.09

98.23

107.83

96.37

96.06

104.93

92.83

%

Combined Loss & Exp. Ratio

2,178,000

–1,091,000

–11,366,000

2,436,000

–9,547,000

28,420,000

4,502,000

4,577,000

1,560,000

–1,672,000

27,150,000

1,846,000

5,929,000

–14,727,000

22,351,000

4,084,000

–1,347,000

26,439,000

7,846,000

–29,776,000

31,015,000

5,285,000

–19,259,000

7,693,000

–3,012,000

4,855,000

1,253,000

6,278,000

5,192,000

–13,920,000

10,056,000

11,221,000

–5,728,000

13,090,000

$

Undrwtg. Profit or Loss

6,078,000

1,482,000

5,898,000

733,000

1,299,000

7,611,000

2,350,000

3,173,000

4,007,000

3,771,000

29,035,000

4,075,000

2,459,000

5,362,000

4,967,000

8,007,000

12,799,000

2,525,000

5,949,000

7,017,000

10,126,000

5,036,000

14,893,000

2,757,000

8,188,000

8,230,000

26,402,000

4,114,000

29,947,000

15,002,000

22,789,000

12,348,000

14,324,000

4,639,000

$

Inv. Income

(from figures supplied by the companies for 2012 business transacted in Canada)

GENERAL COMPANIES (PRIVATE SECTOR) RESULTS

(Continued From Page 40)

13.23

1.17

–1.27

0.00

–12.82

42.01

10.86

19.46

12.75

2.87

17.12

8.70

13.94

–5.62

26.49

10.84

3.34

20.60

16.31

9.82

34.96

0.00

–1.72

12.86

5.18

13.21

3.50

12.89

22.72

0.64

12.92

18.37

5.70

15.90

%

Return on Equity


CANADIAN UNDERWRITER STATISTICAL ISSUE 2013

43

0 40,145,974,000

Tokio Marine & Nichido Fire .....................

Mitsui Sumitomo Insurance .....................

Omega General Insurance .......................

Associated Electric & Gas Ins Services ...

PEI Mutual Insurance Company...............

Western Surety Company ........................

Federal Insurance Company ....................

Euler Hermes North America Insurance ...

Legacy General Insurance .......................

Hartford Fire Insurance ............................

Mennonite Mutual Fire Insurance .............

American Road Insurance Company .......

Kings Mutual Insurance Company ...........

The Mearie Group ....................................

Pacific Coast Fishermen’s Mutual Marine

Sompo Japan Insurance Inc ....................

Everest Insurance Co of Canada .............

Antigonish Farmers’ Mutual .....................

Atradius Credit Insurance N.V ..................

Fundy Mutual Insurance...........................

Protective Insurance Company ................

Clare Mutual Insurance Company............

Corepoint Insurance .................................

Utica Mutual Insurance Co Ltd ................

Security Ins Co of Hartford ......................

TIG Insurance ...........................................

TOTALS...................................................

67.

68.

69.

70.

71.

72.

73.

74.

75.

76.

77.

78.

79.

80.

81.

82.

83.

84.

85.

86.

87.

88.

89.

90.

91.

92.

0

19,000

52,000

1,113,000

1,244,000

2,400,000

4,087,000

4,294,000

4,401,000

5,379,000

5,470,000

5,768,000

6,573,000

6,697,000

7,019,000

11,793,000

12,082,000

12,252,000

12,807,000

13,038,000

15,621,000

16,821,000

17,927,000

21,017,000

27,303,000

32,735,000

Le Groupe Estrie–Richelieu ......................

32,861,000

Co–operative Hail Ins Co Ltd ...................

66.

0

39,571,927,000

0

0

19,000

64,000

1,075,000

1,245,000

2,327,000

3,811,000

4,082,000

4,520,000

5,200,000

5,603,000

5,768,000

6,487,000

6,697,000

6,576,000

12,687,000

9,718,000

11,093,000

15,756,000

13,204,000

14,952,000

19,546,000

18,747,000

21,141,000

27,534,000

34,956,000

$

$

65.

Premiums Earned 100% Basis

Net Premiums Written

UNDERWRITING RESULTS

81.49

47.47

37.34

4.59

46.28

93.63

26.29

10.64

61.84

35.12

100.16

130.14

62.83

27.65

29.67

16.74

0.80

59.32

48.76

71.41

44.84

49.38

56.81

0.00

%

Earned Loss Ratio

25,710,477,000

1,606,000

–599,000

–39,000

64.97

0.00

0.00

–205.26

–1,264,000 –1,975.00

876,000

591,000

869,000

175,000

1,889,000

4,232,000

1,367,000

596,000

3,567,000

2,278,000

6,708,000

8,558,000

7,971,000

2,687,000

3,291,000

2,638,000

106,000

8,869,000

9,530,000

13,387,000

9,479,000

13,596,000

19,857,000

25,015,000

$

Net Claims & Adjusting Expenses

5,786,164,000

120,000

111,000

582,000

–1,126,000

714,000

735,000

686,000

1,311,000

328,000

613,000

2,681,000

–5,732,000

1,648,000

7,589,000

2,117,000

–899,000

5,631,000

2,316,000

3,894,000

7,343,000

1,544,000

$

Commissions

1,399,378,000

37,000

33,000

123,000

374,000

133,000

710,000

150,000

296,000

211,000

266,000

462,000

346,000

1,415,000

–58,000

502,000

180,000

685,000

918,000

795,000

987,000

1,498,000

$

Taxes

5,045,309,000

264,000

308,000

185,000

309,000

880,000

326,000

1,327,000

3,692,000

1,002,000

4,991,000

1,021,000

978,000

2,227,000

2,665,000

491,000

1,736,000

3,689,000

1,800,000

8,665,000

3,670,000

1,784,000

3,178,000

4,178,000

1,463,000

3,439,000

4,999,000

4,134,000

2,070,000

$

General Expenses

30.91

0.00

0.00

0.00

0.00

0.00

37.75

87.32

77.15

45.30

142.39

35.71

0.00

0.00

64.54

0.00

0.00

37.55

49.67

39.20

33.38

74.79

36.62

20.28

42.74

30.98

35.88

0.00

0.00

%

Total Expense Ratio

95.88

0.00

0.00

0.00

0.00

0.00

85.22

124.66

81.74

91.58

236.02

62.00

0.00

0.00

99.66

0.00

0.00

100.38

77.32

68.87

50.12

75.59

95.94

69.04

114.15

75.82

85.26

0.00

0.00

%

Combined Loss & Exp. Ratio

1,842,381,000

–1,870,000

291,000

–127,000

982,000

–691,000

184,000

–550,000

1,087,000

487,000

–6,045,000

1,976,000

4,029,000

–252,000

–682,000

–768,000

428,000

–48,000

2,204,000

4,551,000

6,696,000

3,223,000

608,000

5,541,000

–2,652,000

5,112,000

4,058,000

3,622,000

2,734,000

$

Undrwtg. Profit or Loss

3,235,787,000

528,000

2,365,000

69,000

760,000

113,000

129,000

606,000

49,000

66,000

1,412,000

715,000

436,000

2,698,000

1,485,000

575,000

230,000

5,470,000

986,000

1,689,000

2,342,000

1,441,000

2,606,000

1,887,000

1,482,000

2,152,000

2,315,000

3,739,000

1,606,000

$

Inv. Income

(from figures supplied by the companies for 2012 business transacted in Canada)

GENERAL COMPANIES (PRIVATE SECTOR) RESULTS

(Continued From Page 42)

7.61

5.56

1.76

8.68

–25.50

2.35

1.43

18.34

4.89

–6.33

5.52

62.89

4.80

2.56

0.02

8.10

3.49

0.00

8.23

9.28

17.85

7.01

7.64

–7.44

13.58

7.73

9.48

8.55

%

Return on Equity


44

canadianunderwriter.ca CANADIAN UNDERWRITER STATISTICAL ISSUE 2013

Chartis Insurance Co of Canada ..............

Zurich Insurance Company Ltd ................

Ontario Mutual Insurance .........................

Chubb Insurance Co of Canada...............

RBC General Insurance ............................

SGI Canada Group ...................................

La Capitale Assurances Gen Inc ..............

Jevco Insurance Company.......................

RBC Insurance Company Of Canada ......

Gore Mutual Insurance Company ............

Guarantee Company Of North America ...

ACE INA Insurance ..................................

Travelers Canada .....................................

CNA Canada.............................................

Industrielle Alliance Compagnie ...............

Alberta Motor Association ........................

Factory Mutual Insurance Company ........

15.

16.

17.

18.

19.

20.

21.

22.

23.

24.

25.

26.

27.

28.

29.

30.

269,481,000

269,498,000

276,348,000

276,537,000

310,596,000

319,583,000

333,868,000

340,996,000

376,442,000

389,461,000

489,603,000

536,004,000

545,936,000

648,564,000

663,091,000

913,382,000

953,514,000

Allstate Insurance Co of Canada.............. 1,054,584,000

Economical Insurance .............................. 1,809,807,000

9.

14.

State Farm Insurance Company............... 1,847,686,000

8.

13.

Desjardins General Insurance Group ....... 1,980,159,000

7.

The Dominion Of Canada ......................... 1,148,257,000

Co–operators General Insurance ............ 2,085,434,000

6.

12.

Wawanesa Mutual Insurance ................... 2,161,371,000

5.

Northbridge Financial Corporation ........... 1,161,920,000

TD Insurance, General Insurance ............. 2,707,183,000

4.

Lloyd’s Underwriters ................................ 1,703,733,000

RSA Canada Group .................................. 2,736,300,000

3.

11.

Aviva Canada Inc...................................... 3,551,136,000

10.

Intact Financial Corporation ..................... 6,748,537,000

2.

Totals $

1.

Company

6,450,000

1,713,000

3,154,000

2,192,000

2,099,000

84,000

1,646,000

1,780,000

9,000

4,769,000

1,558,000

9,160,000

10,245,000

33,345,000

23,496,000

20,166,000

20,834,000

6,406,000

69,679,000

16,449,000

152,407,000

98,479,000

87,534,000

Nfld. $

1,177,000

413,000

857,000

546,000

528,000

2,000

1,058,000

257,000

10,081,000

3,142,000

442,000

1,022,000

835,000

16,006,000

5,058,000

3,545,000

5,219,000

4,114,000

17,004,000

9,704,000

6,173,000

10,003,000

15,590,000

8,999,000

P.E.I. $

5,355,000

2,707,000

5,103,000

5,153,000

6,027,000

414,000

7,048,000

1,386,000

6,415,000

12,983,000

3,891,000

10,686,000

15,511,000

30,830,000

46,240,000

25,711,000

26,234,000

59,781,000

29,678,000

62,704,000

71,877,000

66,621,000

118,956,000

117,429,000

164,322,000

N.S. $

44,512,000

276,348,000

41,170,000

41,671,000

45,554,000

49,764,000

28,153,000

104,268,000

509,614,000

6,000

36,192,000

101,156,000

155,857,000

136,709,000

103,940,000

4,014,000

169,306,000

279,285,000

123,772,000

1,097,198,000

64,797,000

71,234,000

204,972,000

232,988,000

474,596,000

1,962,383,000

Quebec $

(Continued On Page 46)

10,883,000

2,207,000

2,994,000

7,429,000

3,632,000

72,000

3,659,000

1,805,000

10,101,000

9,751,000

5,198,000

11,599,000

18,567,000

50,502,000

20,037,000

22,231,000

35,562,000

60,782,000

48,004,000

15,892,000

57,514,000

108,781,000

48,314,000

66,011,000

86,350,000

91,872,000

N.B. $

70,495,000

74,000

103,877,000

122,550,000

134,551,000

233,099,000

279,740,000

235,984,000

241,684,000

63,354,000

418,706,000

349,579,000

663,091,000

351,308,000

332,154,000

772,802,000

951,240,000

560,556,000

488,281,000

1,023,994,000

1,633,960,000

750,150,000

981,177,000

667,517,000

1,666,789,000

1,295,369,000

1,922,923,000

2,743,765,000

Ontario $

7,380,000

6,751,000

14,654,000

15,173,000

11,918,000

4,760,000

280,000

9,317,000

1,133,000

17,290,000

1,025,000

9,110,000

13,187,000

33,798,000

1,085,000

19,841,000

42,771,000

10,038,000

5,534,000

41,570,000

103,859,000

4,766,000

29,966,000

77,126,000

72,270,000

Manitoba $

(Excludes A&S and Reinsurance Companies)

By company – on a province by province basis

18,355,000

22,000

8,424,000

8,909,000

19,121,000

2,795,000

113,000

4,560,000

751,000

377,126,000

1,331,000

4,597,000

20,333,000

20,199,000

1,300,000

32,400,000

38,556,000

2,983,000

1,133,000

74,776,000

112,517,000

2,905,000

26,623,000

55,986,000

13,669,000

Sask. $

Alberta $

46,239,000

265,064,000

53,171,000

55,967,000

56,347,000

19,675,000

2,575,000

46,861,000

31,514,000

51,425,000

49,048,000

83,631,000

203,066,000

267,790,000

96,197,000

135,114,000

174,097,000

321,391,000

214,515,000

165,199,000

64,130,000

564,058,000

794,026,000

653,997,000

423,552,000

461,052,000

1,140,625,000

2012 TOTAL DIRECT WRITTEN BUSINESS

56,109,000

132,000

47,242,000

48,703,000

34,742,000

11,233,000

57,613,000

37,529,000

4,527,000

121,000

8,045,000

88,772,000

123,828,000

108,630,000

59,213,000

124,652,000

427,300,000

287,330,000

3,937,000

139,375,000

214,512,000

21,035,000

366,871,000

220,539,000

446,660,000

B.C. $

1,003,000

236,000

1,913,000

654,000

39,000

24,000

288,000

105,000

15,000

371,000

253,000

566,000

2,274,000

52,000

927,000

1,252,000

10,218,000

135,000

97,000

564,000

6,253,000

6,820,000

8,654,000

6,209,000

6,820,000

4,354,000

Yukon $

593,000

390,000

1,970,000

589,000

204,000

58,000

293,000

226,000

49,000

312,000

318,000

11,636,000

5,761,000

200,000

1,501,000

2,110,000

6,830,000

317,000

321,000

1,283,000

5,695,000

390,000

6,036,000

4,538,000

13,469,000

10,712,000

N.W.T. $

930,000

333,000

1,632,000

787,000

13,000

21,000

46,000

25,000

12,000

261,000

59,000

1,134,000

1,041,000

61,000

452,000

1,210,000

3,594,000

107,000

105,000

140,000

832,000

134,000

472,000

2,807,000

777,000

1,372,000

Nunavut $


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46

canadianunderwriter.ca CANADIAN UNDERWRITER STATISTICAL ISSUE 2013

210,339,000

195,706,000

40,549,000

38,763,000

Portage La Prairie Mutual .........................

SSQ, Societe D’Assurances Gen .............

CAA Insurance Company (Ontario) .........

Pembridge Insurance Company...............

Peace Hills General Insurance .................

Echelon General Insurance ......................

Motors Insurance Corporation .................

L’Unique Assurances Generales ..............

Canadian Direct Insurance .......................

Arch Insurance (Canada) ..........................

Optimum General Inc ...............................

XL Insurance.............................................

Affiliated FM Insurance.............................

Lawyers’ Professional Indemnity..............

Pafco Insurance Company .......................

Cumis General Insurance .........................

Unica Insurance........................................

Stewart Title Guaranty Company .............

North Waterloo Farmers Mutual ...............

Red River Mutual ......................................

Old Republic Insurance Company ...........

Wynward Insurance Group.......................

Trisura Guarantee Insurance ....................

Saskatchewan Mutual Insurance .............

Co–operative Hail Ins Co Ltd ...................

Mutual Fire Insurance Co of BC ...............

Triton Insurance........................................

Le Groupe Estrie–Richelieu ......................

Berkley Insurance Company ....................

Euler Hermes North America Insurance ...

Ontario School Board’s Insurance ...........

Boiler Inspection & Insurance Company ..

33.

34.

35.

36.

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.

28,338,000

42,817,000

43,006,000

44,424,000

46,366,000

52,562,000

55,052,000

64,983,000

65,586,000

70,603,000

73,125,000

83,083,000

91,741,000

93,741,000

99,054,000

100,628,000

110,676,000

114,207,000

117,256,000

128,984,000

130,850,000

134,762,000

151,426,000

159,932,000

169,603,000

175,817,000

181,429,000

184,998,000

214,867,000

Liberty Mutual Insurance ..........................

267,456,000

Allianz Global Risks US ............................

32.

Totals $

31.

Company

(Continued From Page 44)

270,000

59,000

243,000

2,025,000

517,000

1,008,000

645,000

517,000

732,000

751,000

2,026,000

893,000

20,000

102,000

158,000

3,538,000

1,502,000

3,218,000

Nfld. $

82,000

136,000

70,000

231,000

74,000

329,000

57,000

320,000

906,000

4,000

306,000

85,000

97,000

17,000

712,000

1,114,000

3,786,000

239,000

1,030,000

P.E.I. $

642,000

410,000

654,000

1,850,000

1,596,000

2,657,000

848,000

2,107,000

2,715,000

1,876,000

6,000

1,433,000

3,473,000

2,726,000

133,000

130,000

17,258,000

13,551,000

3,624,000

41,072,000

1,954,000

4,951,000

N.S. $

949,000

531,000

95,000

1,676,000

1,418,000

2,293,000

1,388,000

1,436,000

4,530,000

1,428,000

2,000

724,000

2,763,000

1,930,000

292,000

103,000

1,445,000

16,331,000

4,174,000

12,844,000

13,543,000

2,237,000

N.B. $

5,787,000

12,805,000

8,075,000

43,006,000

6,501,000

6,504,000

740,000

322,000

3,369,000

3,000

24,595,000

2,000

48,800,000

20,615,000

26,386,000

7,439,000

147,820,000

1,643,000

17,778,000

2,238,000

195,706,000

29,836,000

42,696,000

Quebec $

11,030,000

38,763,000

23,725,000

20,180,000

15,600,000

27,024,000

14,328,000

55,657,000

83,083,000

74,752,000

93,795,000

61,426,000

72,714,000

110,399,000

36,779,000

42,342,000

47,645,000

74,692,000

777,000

141,802,000

115,666,000

136,777,000

176,086,000

45,302,000

89,331,000

96,069,000

Ontario $

630,000

230,000

890,000

2,510,000

1,645,000

7,530,000

6,963,000

3,613,000

6,698,000

59,000

65,757,000

957,000

11,496,000

146,000

2,406,000

4,143,000

5,430,000

4,914,000

31,000

253,000

616,000

12,415,000

48,154,000

4,690,000

7,647,000

Manitoba $

By company – on a province by province basis (Excludes A&S and Reinsurance Companies)

2012 TOTAL DIRECT WRITTEN BUSINESS

1,954,000

301,000

353,000

1,831,000

1,706,000

45,032,000

37,181,000

1,726,000

13,507,000

30,000

7,368,000

790,000

3,862,000

17,000

2,059,000

4,757,000

286,000

4,701,000

1,047,000

584,000

4,780,000

13,450,000

6,742,000

13,656,000

Sask. $

2,713,000

1,028,000

5,014,000

7,209,000

3,597,000

11,020,000

10,559,000

9,677,000

9,062,000

1,962,000

–54,000

8,321,000

97,000

8,533,000

21,885,000

5,869,000

23,271,000

60,395,000

364,000

9,482,000

5,959,000

115,924,000

12,459,000

40,929,000

47,384,000

55,133,000

Alberta $

4,168,000

1,324,000

7,212,000

4,580,000

39,418,000

11,373,000

14,220,000

2,445,000

5,508,000

5,063,000

5,000

12,389,000

13,631,000

43,368,000

9,823,000

74,335,000

1,989,000

5,312,000

9,370,000

38,831,000

1,264,000

19,385,000

35,775,000

B.C. $

6,000

21,000

134,000

394,000

70,000

32,000

1,000

2,000

3,000

383,000

130,000

5,000

5,000

19,000

1,793,000

12,000

88,000

1,483,000

Yukon $

75,000

11,000

277,000

169,000

34,000

37,000

19,000

10,000

–2,000

24,000

912,000

98,000

21,000

31,000

31,000

1,348,000

47,000

124,000

2,947,000

N.W.T. $

32,000

–1,000

16,000

25,000

21,000

3,000

3,000

241,000

136,000

6,000

5,000

7,000

726,000

14,000

49,000

614,000

Nunavut $


CANADIAN UNDERWRITER STATISTICAL ISSUE 2013

47

14,542,000

13,256,000

Mitsui Sumitomo Insurance......................

Tokio Marine & Nichido Fire .....................

Western Surety Company ........................

Associated Electric & Gas Ins Services....

PEI Mutual Insurance Company ...............

Mennonite Mutual Fire Insurance .............

Hartford Fire Insurance.............................

Atradius Credit Insurance N.V ..................

The Mearie Group.....................................

Kings Mutual Insurance Company ...........

American Road Insurance Company .......

Pacific Coast Fishermen’s Mutual Marine

Antigonish Farmers’ Mutual .....................

Sompo Japan Insurance Inc ....................

Fundy Mutual Insurance ...........................

Clare Mutual Insurance Company ............

Protective Insurance Company ................

Federal Insurance Company ....................

Corepoint Insurance .................................

67.

68.

69.

70.

71.

72.

73.

74.

75.

76.

77.

78.

79.

80.

81.

82.

83.

84.

85.

23,888,000

1,028,357,000

149,570,000

18,000

2,858,000

3,393,000

5,000

5,388,000

183,000

7,543,000

22,000

1,330,000

1,047,000

172,000

238,000

542,000

282,000

N.S. $

TOTALS .................................................... 42,633,142,000

1,000

1,000

1,000

17,961,000

30,000

51,000

32,000

1,000

90,000

32,000

P.E.I. $

1,000

593,877,000

1,000

71,000

105,000

4,000

78,000

1,216,000

40,000

252,000

108,000

124,000

Nfld. $

52,000

917,000

1,244,000

2,858,000

3,393,000

4,855,000

5,388,000

6,252,000

6,697,000

7,543,000

9,406,000

12,117,000

17,961,000

20,104,000

21,488,000

22,275,000

23,326,000

23,840,000

Omega General Insurance........................

Everest Insurance Co of Canada..............

65.

Totals $

66.

Company

877,388,000

2,000

12,000

19,000

4,000

73,000

51,000

506,000

951,000

31,000

109,000

257,000

99,000

N.B. $

7,026,775,000

6,000

95,000

154,000

465,000

1,802,000

1,225,000

572,000

2,188,000

15,000

1,482,000

2,363,000

4,073,000

210,000

Quebec $

20,843,780,000

22,000

704,000

850,000

3,210,000

1,781,000

9,406,000

3,968,000

4,809,000

5,812,000

2,833,000

12,465,000

12,908,000

11,919,000

8,580,000

Ontario $

761,226,000

1,000

1,000

55,000

9,000

193,000

2,967,000

874,000

235,000

1,368,000

37,000

286,000

668,000

107,000

Manitoba $

By company – on a province by province basis (Excludes A&S and Reinsurance Companies)

2012 TOTAL DIRECT WRITTEN BUSINESS

1,040,451,000

2,000

11,000

3,000

78,000

369,000

14,000

1,588,000

14,542,000

631,000

5,127,000

8,000

166,000

569,000

139,000

Sask. $

6,955,363,000

11,000

12,000

116,000

388,000

1,652,000

3,147,000

4,405,000

6,512,000

6,076,000

2,746,000

3,477,000

1,797,000

6,906,000

Alberta $

3,333,905,000

6,000

81,000

27,000

695,000

6,252,000

532,000

691,000

930,000

2,749,000

2,763,000

5,260,000

3,306,000

3,794,000

7,381,000

B.C. $

64,782,000

1,000

11,000

2,000

1,000

66,000

11,000

13,000

Yukon $

82,266,000

1,000

30,000

33,000

38,000

1,000

135,000

1,000

13,000

N.W.T. $

20,287,000

1,000

19,000

11,000

2,000

Nunavut $


48

canadianunderwriter.ca CANADIAN UNDERWRITER STATISTICAL ISSUE 2013

Chubb Insurance Co of Canada .......

31.

Chartis Insurance Co of Canada .......

Canadian Direct Insurance ................

30.

34.

Guarantee Company Of North America .

29.

Unica Insurance ................................

Portage La Prairie Mutual..................

28.

L’Unique Assurances Generales .......

Pafco Insurance Company ................

27.

32.

SSQ, Societe D’Assurances Gen ......

26.

33.

RBC Insurance Company Of Canada .

Echelon General Insurance ...............

24.

CAA Insurance Company (Ontario) ..

25.

Pembridge Insurance Company .......

La Capitale Assurances Gen Inc .......

15.

23.

Jevco Insurance Company ...............

14.

22.

RBC General Insurance.....................

13.

Zurich Insurance Company Ltd.........

Northbridge Financial Corporation ....

12.

21.

The Dominion Of Canada ..................

11.

Gore Mutual Insurance Company .....

Allstate Insurance Co of Canada ......

10.

Industrielle Alliance Compagnie ........

Economical Insurance .......................

9.

20.

Co–operators General Insurance Co ...

8.

19.

Wawanesa Mutual Insurance ............

7.

Alberta Motor Association .................

Desjardins General Insurance Group

6.

18.

RSA Canada Group...........................

5.

Ontario Mutual Insurance ..................

State Farm Insurance Company .......

4.

SGI Canada Group ............................

Aviva Canada Inc ..............................

3.

16.

TD Insurance, General Insurance ......

2.

17.

Intact Financial Corporation ..............

1.

Company

11,322,000

60,302,000

Nfld. $

34,919,000

4,901,000

68,591,000

68,693,000

68,704,000

77,298,000

91,884,000

92,827,000

96,862,000

100,628,000

119,065,000

131,029,000

133,120,000

142,915,000

145,558,000

163,454,000

180,345,000

200,931,000

206,213,000

234,678,000

276,126,000

302,540,000

316,871,000

420,663,000

479,462,000

409,000

131,000

59,000

2,396,000

1,864,000

3,918,000

9,206,000

781,946,000 22,808,000

820,510,000

958,844,000 14,741,000

997,465,000

1,191,733,000

1,251,846,000

1,258,575,000 101,384,000

1,340,949,000

1,863,218,000 63,268,000

1,948,312,000

3,563,609,000

Totals $

13,000

42,000

16,000

3,062,000

687,000

185,000

1,005,000

170,000

7,602,000

156,000

2,876,000

2,504,000

10,674,000

2,668,000

9,399,000

8,300,000

3,413,000

4,845,000

10,393,000

5,244,000

4,782,000

P.E.I. $

985,000

235,000

1,053,000

27,261,000

1,876,000

16,809,000

1,702,000

2,815,000

9,677,000

4,140,000

3,986,000

267,000

9,021,000

9,918,000

27,100,000

22,234,000

29,340,000

27,873,000

49,476,000

20,477,000

55,377,000

68,776,000

45,735,000

83,486,000

N.S. $

4,423,000

67,230,000

6,356,000

2,850,000

24,595,000

119,065,000

10,811,000

1,000

28,036,000

200,931,000

302,540,000

60,563,000

19,702,000

49,568,000

751,000

65,633,000

41,884,000

16,407,000

45,616,000

529,667,000

48,472,000

243,619,000

99,762,000

869,630,000

Quebec $

(Continued On Page 50)

3,296,000

87,000

365,000

7,924,000

1,428,000

501,000

1,225,000

3,303,000

12,826,000

4,884,000

6,345,000

275,000

7,445,000

13,003,000

12,037,000

38,335,000

35,430,000

28,400,000

80,832,000

11,881,000

34,573,000

29,680,000

50,679,000

34,832,000

50,656,000

N.B. $

30,061,000

68,774,000

63,214,000

87,327,000

30,146,000

72,714,000

99,895,000

118,445,000

135,792,000

113,838,000

68,440,000

180,245,000

49,320,000

276,126,000

227,340,000

336,622,000

295,537,000

632,695,000

623,257,000

636,823,000

586,529,000

502,007,000

629,885,000

742,733,000

1,192,542,000

1,163,125,000

1,281,430,000

1,770,064,000

Ontario $

15,739,000

89,000

1,000

1,000

717,000

59,000

476,000

1,162,000

4,000

2,000

1,063,000

324,000

1,201,000

499,000

Manitoba $

(Excludes A&S and Reinsurance Companies)

2012 DIRECT WRITTEN AUTO

By company – on a province by province basis

649,000

147,000

1,096,000

1,724,000

134,960,000

422,000

2,214,000

61,000

7,000

7,765,000

507,000

5,974,000

998,000

Sask. $

5,124,000

–70,000

6,717,000

48,878,000

1,091,000

24,977,000

873,000

11,453,000

9,143,000

47,430,000

206,213,000

32,339,000

28,168,000

37,218,000

79,022,000

73,575,000

70,738,000

120,513,000

279,378,000

500,474,000

50,019,000

220,879,000

118,204,000

246,104,000

458,766,000

700,207,000

Alberta $

6,999,000

1,463,000

275,000

42,974,000

3,000

1,425,000

5,121,000

10,000

2,346,000

16,030,000

913,000

76,878,000

97,000

43,274,000

2,032,000

15,150,000

B.C. $

853,000

5,000

16,000

2,000

7,000

27,000

12,000

290,000

21,000

14,000

37,000

240,000

438,000

564,000

52,000

134,000

3,268,000

4,504,000

458,000

2,671,000

97,000

3,834,000

6,422,000

2,028,000

Yukon $

27,000

5,000

21,000

33,000

10,000

16,000

68,000

47,000

518,000

58,000

31,000

43,000

261,000

647,000

569,000

200,000

317,000

2,236,000

390,000

1,036,000

2,216,000

321,000

3,706,000

4,456,000

4,989,000

N.W.T. $

13,000

6,000

13,000

3,000

4,000

15,000

14,000

120,000

21,000

12,000

22,000

116,000

213,000

195,000

61,000

107,000

131,000

134,000

109,000

1,320,000

105,000

507,000

343,000

818,000

Nunavut $


You might say “seamless integration.” We just call it a good fit.

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 180 locations in 10 provinces —Just think of us as your Vehicle Repair Management Company.


50

canadianunderwriter.ca CANADIAN UNDERWRITER STATISTICAL ISSUE 2013

Federal Insurance Company .............

TOTALS ............................................

Everest Insurance Co of Canada ......

Allianz Global Risks US .....................

51.

60.

Mitsui Sumitomo Insurance ..............

50.

59.

Tokio Marine & Nichido Fire ..............

49.

Mennonite Mutual Fire Insurance......

American Road Insurance Company

48.

58.

Saskatchewan Mutual Insurance ......

47.

Hartford Fire Insurance .....................

Lloyd’s Underwriters .........................

46.

Le Groupe Estrie–Richelieu ...............

CNA Canada .....................................

45.

57.

Liberty Mutual Insurance...................

44.

56.

North Waterloo Farmers Mutual ........

43.

Protective Insurance Company .........

Travelers Canada ..............................

42.

XL Insurance .....................................

Optimum General Inc ........................

41.

55.

Arch Insurance (Canada) ...................

40.

54.

Cumis General Insurance ..................

39.

Ontario School Board’s Insurance ....

Old Republic Insurance Company ....

38.

The Mearie Group .............................

ACE INA Insurance...........................

37.

52.

Peace Hills General Insurance ..........

36.

53.

Motors Insurance Corporation ..........

35.

Company

146,000

213,000

337,000

795,000

942,000

1,244,000

1,273,000

1,383,000

1,612,000

1,647,000

4,108,000

6,437,000

6,697,000

10,209,000

19,859,000

24,082,000

32,342,000

35,692,000

36,950,000

37,551,000

39,999,000

44,828,000

59,014,000

61,230,000

62,370,000

64,803,000

Totals $

1,000

4,000

1,000

3,000

–11,000

50,000

28,000

71,000

50,000

180,000

136,000

155,000

584,000

429,000

102,000

Nfld. $

20,651,227,000 333,411,000

(Continued From Page 48)

78,982,000

1,000

1,000

–1,000

1,000

5,000

45,000

243,000

–5,000

466,000

50,000

123,000

17,000

P.E.I. $

524,667,000

14,000

14,000

18,000

14,000

522,000

20,000

82,000

183,000

189,000

171,000

347,000

101,000

28,000

698,000

720,000

1,797,000

130,000

N.S. $

23,000

3,000

89,000

942,000

154,000

195,000

2,000

324,000

538,000

1,802,000

8,929,000

1,321,000

2,785,000

1,720,000

3,056,000

83,000

209,000

6,565,000

1,644,000

Quebec $

477,075,000 2,888,496,000

17,000

19,000

13,000

–20,000

44,000

29,000

73,000

165,000

138,000

384,000

10,000

28,000

1,553,000

1,239,000

3,038,000

103,000

N.B. $

12,364,495,000

101,000

184,000

514,000

850,000

517,000

1,383,000

1,612,000

408,000

2,913,000

5,340,000

1,781,000

1,834,000

12,389,000

16,030,000

35,692,000

18,082,000

31,541,000

38,884,000

39,217,000

48,224,000

33,047,000

59,026,000

Ontario $

(Excludes A&S and Reinsurance Companies)

2012 DIRECT WRITTEN AUTO

25,430,000

2,000

9,000

55,000

129,000

17,000

3,000

193,000

1,525,000

194,000

315,000

195,000

244,000

25,000

16,000

34,000

884,000

253,000

Manitoba $

By company – on a province by province basis

12,000

9,000

90,000

116,000

333,000

747,000

681,000

324,000

1,652,000

3,709,000

8,810,000

10,506,000

14,362,000

2,954,000

830,000

2,697,000

7,741,000

12,954,000

60,803,000

2,540,000

Alberta $

169,909,000 3,509,303,000

337,000

6,000

3,000

4,000

2,000

369,000

8,684,000

1,390,000

157,000

427,000

668,000

–2,000

20,000

20,000

774,000

526,000

Sask. $

223,293,000

10,000

51,000

27,000

54,000

39,000

87,000

532,000

3,247,000

584,000

1,381,000

450,000

6,000

103,000

1,311,000

421,000

B.C. $

7,000

4,000

11,000

2,000

30,000

87,000

28,000

286,000

54,000

37,000

173,000

507,000

31,000

N.W.T. $

27,714,000 23,478,000

–3,000

3,000

1,000

11,000

202,000

32,000

25,000

301,000

45,000

32,000

114,000

952,000

5,000

Yukon $

4,974,000

8,000

–1,000

2,000

23,000

9,000

347,000

29,000

21,000

21,000

108,000

5,000

Nunavut $


Experience Totals for Federal And Provincially Registered Companies On An “Earned” Basis Net Premiums Earned $

Net Losses Incurred $

Net Premiums Earned $

Loss Ratio %

PROPERTY TOTAL

AIRCRAFT 2008 199,875,000 129,756,000 2009 223,916,000 109,031,000 2010 199,674,000 117,584,000 2011 193,273,000 129,689,000 2012 129,564,000 58,379,000 Total 946,302,000 544,439,000 2012 Net Premiums Written: 127,105,000 2012 Direct Written Premiums: 205,516,000

64.92 48.69 58.89 67.10 45.06 57.53

AUTO TOTAL 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 19,611,406,000 14,428,363,000 73.57 2012 20,200,775,000 14,471,945,000 71.64 Total 94,471,095,000 71,596,188,000 75.79 2012 Net Premiums Written: 20,521,491,000 2012 Direct Written Premiums: 20,656,864,000

BOILER/MACH-EXCLD 2008 293,207,000 212,088,000 2009 307,343,000 82,128,000 2010 323,996,000 118,071,000 2011 336,724,000 173,365,000 2012 340,153,000 119,614,000 Total 1,601,423,000 705,266,000 2012 Net Premiums Written: 349,361,000 2012 Direct Written Premiums: 367,376,000

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 2012 190,723,000 40,177,000 Total 989,769,000 259,348,000 2012 Net Premiums Written: 190,723,000 2012 Direct Written Premiums: 193,722,000

0.00 0.00 0.00 0.00 24.93

2008 278,529,000 145,465,000 2009 292,057,000 158,349,000 2010 297,391,000 126,254,000 2011 272,986,000 159,817,000 2012 316,356,000 129,715,000 Total 1,457,319,000 719,600,000 2012 Net Premiums Written: 319,990,000 2012 Direct Written Premiums: 341,115,000

2008 24,756,000 24,044,000 97.12 2009 27,169,000 12,217,000 44.97 2010 25,257,000 6,605,000 26.15 2011 19,623,000 –2,611,000 –13.31 2012 21,773,000 4,936,000 22.67 Total 118,578,000 45,191,000 38.11 2012 Net Premiums Written: 20,278,000 2012 Direct Written Premiums: 61,905,000

2008 776,881,000 410,519,000 2009 913,578,000 522,486,000 2010 932,606,000 536,066,000 2011 594,959,000 258,176,000 2012 580,713,000 241,175,000 Total 3,798,737,000 1,968,422,000 2012 Net Premiums Written: 579,435,000 2012 Direct Written Premiums: 574,204,000

BOILER/MACH-EQUIP 2008 2009 2010 2011 2012 6,688,000 1,667,000 Total 2012 Net Premiums Written: 5,800,000 2012 Direct Written Premiums: 9,006,000

2008 101,399,000 61,531,000 2009 115,947,000 56,098,000 2010 118,891,000 43,247,000 2011 115,770,000 20,920,000 2012 111,682,000 42,170,000 Total 563,689,000 223,966,000 2012 Net Premiums Written: 107,654,000 2012 Direct Written Premiums: 111,559,000

HAIL

LEGAL EXPENSE 2008 16,347,000 6,751,000 2009 17,572,000 7,787,000 2010 9,538,000 8,519,000 2011 11,503,000 6,908,000 2012 11,887,000 8,759,000 Total 66,847,000 38,724,000 2012 Net Premiums Written: 12,154,000 2012 Direct Written Premiums: 12,097,000

LIABILITY 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 4,696,413,000 2,902,308,000 61.80 2012 4,533,169,000 2,562,874,000 56.54 Total 23,475,041,000 13,900,025,000 59.21 2012 Net Premiums Written: 4,398,587,000 2012 Direct Written Premiums: 5,018,058,000

52.23 54.22 42.45 58.54 41.00 49.38

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 2012 13,279,000 13,265,000 99.89 Total 63,956,000 54,852,000 85.77 2012 Net Premiums Written: 13,279,000 2012 Direct Written Premiums: 14,643,000

52.84 57.19 57.48 43.39 41.53 51.82

2008 1,130,000 200,000 17.70 2009 1,232,000 –1,114,000 –90.42 2010 133,000 5,000 3.76 2011 293,000 45,000 15.36 2012 345,000 –46,000 –13.33 Total 3,133,000 –910,000 –29.05 2012 Net Premiums Written: 307,000 2012 Direct Written Premiums: 493,000

MORTGAGE

OTHER APPROVED PRODUCTS

ACCIDENT & SICKNESS

CREDIT PROTECTION

ALL CLASSES COMBINED

2008 40,525,000 1,751,000 4.32 2009 33,921,000 –13,424,000 –39.57 2010 32,457,000 4,407,000 13.58 2011 3,990,000 3,044,000 76.29 2012 7,133,000 5,371,000 75.30 Total 118,026,000 1,149,000 0.97 2012 Net Premiums Written: 10,858,000 2012 Direct Written Premiums: 21,944,000

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 40,399,689,000 27,746,074,000 68.68 2012 41,231,688,000 26,748,460,000 64.87 Total 195,492,516,000 134,349,880,000 68.72 2012 Net Premiums Written: 41,780,448,000 2012 Direct Written Premiums: 43,407,120,000

CANADIAN UNDERWRITER STATISTICAL ISSUE 2013

41.30 44.31 89.32 60.05 73.69 57.93

33.01 30.62 24.08 22.59 21.07 26.20

MARINE

CREDIT

60.68 48.38 36.38 18.07 37.76 39.73

2008 55,147,000 53,215,000 96.50 2009 53,045,000 9,405,000 17.73 2010 55,784,000 31,960,000 57.29 2011 55,967,000 23,665,000 42.28 2012 23,003,000 32,069,000 139.41 Total 242,946,000 150,314,000 61.87 2012 Net Premiums Written: 55,887,000 2012 Direct Written Premiums: 72,125,000

TITLE 72.33 26.72 36.44 51.49 35.16 44.04

Loss Ratio %

FIDELITY

FIVE YEAR RECORD BY CLASSES

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 13,781,178,000 9,485,469,000 68.83 2012 14,273,570,000 8,895,899,000 62.32 Total 65,488,656,000 43,686,274,000 66.71 2012 Net Premiums Written: 14,604,262,000 2012 Direct Written Premiums: 15,260,425,000

Net Losses Incurred $

SURETY 2008 351,980,000 58,887,000 2009 376,958,000 62,507,000 2010 431,522,000 138,932,000 2011 448,976,000 74,548,000 2012 470,875,000 120,491,000 Total 2,080,311,000 455,365,000 2012 Net Premiums Written: 463,277,000 2012 Direct Written Premiums: 486,068,000

16.73 16.58 32.20 16.60 25.59 21.89

51


52

canadianunderwriter.ca CANADIAN UNDERWRITER STATISTICAL ISSUE 2013

General Reinsurance Corp .......................

Caisse Centrale De Reassurance.............

Toa Reinsurance Co of America ..............

MAPFRE Re Compania De Re, S.A. ........

Sirius America Insurance..........................

Munich Reinsurance America, Inc. ..........

Aspen Insurance UK Limited....................

Nipponkoa Insurance Co Ltd ...................

T.H.E. Insurance Company ......................

Alea (Bermuda) Ltd...................................

12.

13.

14.

15.

16.

17.

18.

19.

20.

21.

TOTALS

XL Re America Inc – Cdn Branch .............

11.

Partner Reinsurance Co of the U.S ..........

7.

Everest Reinsurance Company ................

Promutuel Reassurance ...........................

6.

10.

Farm Mutual Reinsurance Plan ................

5.

Odyssey Reinsurance Company ..............

Swiss Reinsurance Group ........................

4.

9.

SCOR Canada Reinsurance .....................

3.

Transatlantic Reinsurance ........................

Hannover Ruckversicherung AG ..............

2.

8.

Munich Reinsurance Cda Group ..............

1.

$

$

1,634,474,000

44,000

160,000

1,066,000

9,013,000

11,756,000

14,846,000

16,571,000

46,345,000

48,931,000

50,283,000

61,102,000

68,359,000

83,937,000

103,318,000

107,478,000

126,102,000

141,183,000

142,567,000

151,456,000

177,277,000

1,659,761,000

45,000

109,000

1,109,000

8,397,000

11,250,000

14,960,000

17,691,000

46,258,000

50,868,000

48,812,000

59,299,000

96,927,000

84,783,000

109,661,000

108,391,000

118,973,000

142,422,000

139,475,000

147,427,000

171,170,000

281,734,000

100% Basis

Written

272,680,000

Earned

Premiums

Net Premiums

Net

1,037,983,000

267,000

79,000

20,000

8,546,000

9,599,000

3,316,000

8,582,000

32,623,000

36,819,000

–5,329,000

29,412,000

59,902,000

70,582,000

90,751,000

50,883,000

80,811,000

74,623,000

36,503,000

112,375,000

140,501,000

197,118,000

$

Expenses

& Adjusting

Net Claims

62.54

593.33

72.48

1.80

101.77

85.32

22.17

48.51

70.52

72.38

–10.92

49.60

61.80

83.25

82.76

46.94

67.92

52.40

26.17

76.22

82.08

69.97

%

Ratio

Loss

Earned

300,578,000

5,000

22,000

166,000

3,009,000

2,440,000

3,043,000

2,774,000

6,967,000

11,132,000

2,656,000

13,879,000

15,902,000

14,396,000

22,534,000

26,953,000

26,608,000

15,602,000

646,000

36,729,000

34,230,000

60,885,000

$

Commissions

13,705,000

5,000

20,000

46,000

180,000

69,000

840,000

53,000

570,000

6,164,000

5,758,000

$

Taxes

149,767,000

351,000

149,000

459,000

3,593,000

643,000

2,211,000

586,000

3,537,000

4,111,000

11,936,000

6,986,000

8,005,000

3,774,000

3,901,000

7,594,000

11,977,000

9,208,000

30,664,000

8,850,000

5,134,000

26,098,000

$

Expenses

General

2012 REINSURANCE RESULTS Total

27.96

0.00

161.47

58.16

0.00

27.81

0.00

0.00

0.00

30.32

30.04

36.60

0.00

0.00

24.15

0.00

32.91

0.00

26.87

0.00

0.00

32.92

%

Ratio

Expense

Combined

90.50

0.00

233.95

59.96

0.00

113.13

0.00

0.00

0.00

102.70

19.12

86.20

0.00

0.00

106.91

0.00

100.83

0.00

53.04

0.00

0.00

102.89

%

Ratio

Loss & Exp.

158,302,000

–578,000

–146,000

444,000

–6,751,000

–1,442,000

6,390,000

5,749,000

3,131,000

–1,374,000

39,294,000

8,906,000

13,118,000

–3,969,000

–7,578,000

22,961,000

–993,000

42,989,000

65,498,000

–10,527,000

–8,695,000

–8,125,000

$

or Loss

Profit

Undrwtg.

245,220,000

1,041,000

29,000

983,000

4,855,000

5,651,000

1,432,000

1,149,000

6,142,000

4,452,000

4,387,000

10,442,000

24,352,000

16,414,000

17,393,000

9,841,000

5,549,000

23,573,000

10,690,000

13,367,000

18,977,000

64,501,000

$

Income

Inv.

3.56

–4.90

3.78

–1.67

2.95

10.11

20.05

9.14

3.84

19.69

10.87

8.08

6.56

2.32

10.25

3.63

25.19

10.98

1.87

4.16

12.31

%

Equity

on

Return


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


54

canadianunderwriter.ca CANADIAN UNDERWRITER STATISTICAL ISSUE 2013

(Excludes A&S and Reinsurance Companies)

3. RSA Canada Group....................................... 1,009,169,000 46,914,000 3,072,000 44,392,000 23,248,000 110,521,000 346,052,000 14,927,000 19,041,000 142,798,000 252,932,000 2,446,000 1,612,000 1,214,000

4. Wawanesa Mutual Insurance........................ 929,145,000

5. Co–operators General Insurance Co............. 869,108,000 29,761,000

6. TD Insurance, General Insurance.................. 750,440,000 4,779,000

7. Desjardins General Insurance Group............ 700,183,000 1,505,000 701,000 9,201,000 4,011,000 539,538,000 120,128,000 5,534,000 1,133,000 14,111,000 3,937,000 106,000 247,000 31,000

8. Lloyd’s Underwriters..................................... 690,528,000 8,557,000 1,602,000 9,045,000 15,613,000 107,439,000 134,387,000 17,630,000 17,659,000 135,053,000 232,059,000 6,970,000 2,356,000 2,158,000

9. Economical Insurance................................... 681,229,000 4,837,000 1,934,000 24,950,000 20,233,000 66,695,000 297,445,000 8,609,000 2,434,000 73,272,000 180,819,000 1,000

603,000

2,766,000 252,855,000

629,000

833,000 46,275,000 51,821,000 317,000 802,000 220,000

9,000

2,026,000 1,892,000

2,878,000

6,000

11,186,000 14,515,000 205,160,000 14,468,000

69,000

922,000 4,386,000 8,276,000 34,303,000 60,072,000 6,492,000 13,363,000 33,162,000 46,644,000 837,000 470,000 762,000

52,000

2,000

297,000

49,000 82,835,000

193,000

80,000

1,820,000 49,369,000

3,000

717,000 90,000

27. Affiliated FM Insurance.................................. 104,789,000

28. Guarantee Company Of North America........ 100,403,000

59,000 1,706,000 1,065,000

8,658,000 41,356,000 1,767,000 8,485,000 28,023,000 13,595,000 381,000 711,000

155,000

973,000

293,000 1,323,000

400,000 27,967,000 63,948,000 1,603,000

3,000

22,000 3,350,000 1,746,000

7,980,000 11,921,000

54,000

329,000

45,000

966,000

22,000 57,656,000 132,000

77,000

702,000

186,000 1,964,000 1,685,000

712,000

9,609,000 5,111,000 10,975,000 7,746,000 12,165,000 52,000 27,000

21,000

85,000 1,087,000

675,000 33,542,000 680,000 744,000 5,504,000 3,833,000 21,000 24,000 11,000 33,000 568,000 1,057,000 3,332,000 10,356,000 3,263,000 3,385,000 14,426,000 4,857,000 57,000 17,000 99,000

(Continued On Page 56)

42. North Waterloo Farmers Mutual.................... 41,693,000 41,693,000

41. Arch Insurance (Canada)............................... 41,955,000 505,000

40. Mutual Fire Insurance Co of BC.................... 42,094,000 1,535,000 1,582,000 3,363,000 35,614,000

39. RBC Insurance Company Of Canada........... 46,327,000 121,000

38. Liberty Mutual Insurance............................... 46,704,000 832,000 113,000 184,000 665,000 6,729,000 10,351,000 2,287,000 5,277,000 15,002,000 5,202,000 3,000 28,000 31,000

37. Wynward Insurance Group............................ 50,955,000

36. Travelers Canada.......................................... 61,787,000 656,000 186,000 1,173,000 471,000 10,047,000 15,426,000 6,216,000 2,307,000 11,537,000 11,676,000 613,000 831,000 648,000

74,000 6,751,000

945,000 4,579,000 12,551,000 6,077,000 3,859,000 20,324,000 16,601,000 35,000 65,000

35. Alberta Motor Association............................. 64,635,000

34. CNA Canada................................................. 66,453,000

33. L’Unique Assurances Generales................... 67,103,000 67,103,000

32. Red River Mutual........................................... 69,331,000 62,413,000 6,918,000

31. Industrielle Alliance Compagnie.................... 75,447,000 75,447,000

30. SSQ, Societe D’Assurances Gen.................. 76,663,000 76,663,000

222,000 2,356,000 37,326,000

171,000

648,000 44,575,000 33,275,000 2,063,000 1,969,000

650,000 12,434,000 4,356,000 13,320,000 45,978,000 11,786,000 15,112,000 1,152,000

29. Optimum General Inc.................................... 76,735,000 19,638,000 12,908,000 4,285,000

986,000

26. Portage La Prairie Mutual.............................. 105,774,000

25. Allianz Global Risks US................................. 107,656,000 1,796,000

24. ACE INA Insurance....................................... 110,588,000 733,000 205,000 842,000 1,129,000 17,560,000 35,079,000 6,203,000 8,207,000 20,979,000 18,445,000 287,000 216,000 703,000

23. Peace Hills General Insurance...................... 113,447,000 12,415,000 4,780,000 55,121,000 38,831,000 841,000 841,000 618,000

22. RBC General Insurance................................. 123,121,000 804,000 266,000 3,960,000 2,306,000 15,658,000 81,028,000 454,000 848,000 11,771,000 5,699,000 131,000 51,000 145,000

21. Gore Mutual Insurance Company................. 134,700,000

20. La Capitale Assurances Gen Inc................... 195,625,000 195,625,000

19. Factory Mutual Insurance Company............. 215,100,000 5,411,000

18. Allstate Insurance Co of Canada................... 234,074,000 8,596,000 12,167,000 38,307,000 149,545,000 25,459,000

17. SGI Canada Group........................................ 252,209,000

16. Chubb Insurance Co of Canada.................... 300,317,000 643,000 110,000 617,000 2,640,000 48,954,000 154,960,000 4,245,000 1,386,000 32,667,000 53,995,000 16,000 52,000 32,000

15. Ontario Mutual Insurance.............................. 326,869,000 326,869,000

594,000 3,430,000 3,725,000 76,669,000 99,872,000 7,964,000 13,186,000 75,570,000 80,640,000 97,000 11,016,000 898,000

14. Zurich Insurance Company Ltd..................... 378,468,000 4,807,000

888,000

375,000 6,546,000 4,961,000 55,522,000 91,333,000 8,812,000 9,102,000 156,935,000 48,156,000 644,000 3,352,000

13. Chartis Insurance Co of Canada................... 390,312,000 3,686,000

12. Northbridge Financial Corporation................ 391,618,000 7,746,000 1,268,000 8,578,000 5,673,000 58,371,000 155,848,000 11,508,000 19,292,000 52,753,000 68,174,000 530,000 996,000 881,000

11. The Dominion Of Canada.............................. 393,623,000 8,647,000 4,618,000 16,935,000 6,905,000

10. State Farm Insurance Company................... 458,562,000 16,847,000 399,845,000 41,870,000

929,000 20,886,000 13,482,000 104,605,000 380,668,000 4,766,000 2,905,000 192,444,000 21,035,000 2,232,000 1,580,000 129,000

5,747,000 28,073,000 23,074,000 34,245,000 316,030,000 34,084,000 59,650,000 221,392,000 111,039,000 2,486,000 2,924,000

1,235,000 20,854,000 26,737,000 25,563,000 156,741,000 100,272,000 108,124,000 282,979,000 204,361,000 2,279,000

2. Aviva Canada Inc.......................................... 1,203,414,000 26,241,000 3,589,000 38,550,000 28,365,000 179,484,000 486,059,000 60,577,000 36,786,000 158,604,000 175,270,000 2,519,000 7,354,000

16,000

1. Intact Financial Corporation.......................... 2,456,750,000 23,317,000 2,959,000 68,599,000 34,334,000 860,722,000 737,858,000 55,521,000 7,216,000 336,002,000 324,581,000 1,347,000 4,071,000 223,000

Totals Nfld. P.E.I. N.S. N.B. Quebec Ontario Manitoba Sask. Alberta B.C. Yukon N.W.T. Nunavut $ $ $ $ $ $ $ $ $ $ $ $ $ $

Company

By company – on a province by province basis

2012 DIRECT WRITTEN PROPERTY



56

canadianunderwriter.ca CANADIAN UNDERWRITER STATISTICAL ISSUE 2013

Totals Nfld. P.E.I. N.S. N.B. Quebec Ontario Manitoba Sask. Alberta B.C. Yukon N.W.T. Nunavut $ $ $ $ $ $ $ $ $ $ $ $ $ $

(Excludes A&S and Reinsurance Companies)

By company – on a province by province basis

2012 DIRECT WRITTEN PROPERTY

2,000 19,857,000 9,118,000 1,918,000 3,198,000 2,705,000

5,000 1,159,000 534,000 1,529,000 6,758,000 871,000 2,511,000 7,223,000 2,415,000 1,000 3,000

89,000

27,000 246,000

76,000

173,000 7,382,000

66,000

90,000 6,381,000 6,792,000 10,000 13,000

2,000

55,000 329,000

303,000 5,069,000 1,163,000 595,000 3,221,000 2,085,000 69,000 142,000

4,000

60. Hartford Fire Insurance................................. 7,872,000

29,000

2,000

–1,000

6,000 1,996,000 3,928,000 –1,000

–30,000 1,714,000 854,000 1,354,000 3,633,000 314,000

34,000

4,000 521,000 6,942,000 4,891,000

726,000 4,640,000

7,420,000

52,000

24,000 1,000

451,000 8,000

12,000

2,462,000

214,000 3,673,000

1,029,000

3,000

142,000

980,000

1,945,000 3,000 1,240,000 1,391,000

321,000

2,000

31,000

3,000 172,000

38,000 1,470,000 2,198,000 153,000

72,000

354,000 1,332,000 1,000 1,000

8,000

3,000 39,000 418,000 173,000 1,021,000 126,000 174,000 35,000 182,000 1,000

Totals............................................................ 14,891,133,000 186,996,000 49,556,000 366,003,000 281,175,000 2,989,804,000 5,333,898,000 543,750,000 636,111,000 2,382,978,000 2,189,904,000 25,355,000 39,898,000 10,478,000

74. Trisura Guarantee Insurance......................... 82,000 2,000 4,000 39,000 29,000 1,000 4,000 3,000

73. Federal Insurance Company......................... 618,000 1,000 12,000 66,000 456,000 1,000 11,000 71,000

72. Berkley Insurance Company......................... 2,091,000 10,000 8,000 16,000 9,000 431,000 1,031,000 24,000 31,000 195,000 330,000 6,000

71. Boiler Inspection & Insurance Company....... 2,193,000 21,000

70. Clare Mutual Insurance Company................. 2,438,000 2,438,000

69. Sompo Japan Insurance Inc......................... 2,798,000 4,000 4,000 333,000 1,567,000 7,000 77,000 284,000 521,000 1,000

68. The Mearie Group......................................... 2,801,000 2,801,000

67. Fundy Mutual Insurance................................ 3,017,000 3,017,000

66. Antigonish Farmers’ Mutual.......................... 4,529,000 4,529,000

65. Everest Insurance Co of Canada.................. 5,833,000

64. Kings Mutual Insurance Company................ 6,337,000 6,337,000

63. Mitsui Sumitomo Insurance........................... 6,533,000

62. Associated Electric & Gas Insurance Services

61. Old Republic Insurance Company................ 7,467,000 50,000 6,000 102,000 119,000 14,000 6,325,000 1,000 1,000 841,000 8,000

72,000

12,000

27,000

59. Tokio Marine & Nichido Fire.......................... 11,442,000

58. Motors Insurance Corporation...................... 12,357,000

57. Mennonite Mutual Fire Insurance.................. 12,868,000 12,868,000

56. Ontario School Board’s Insurance................ 13,068,000 13,068,000

55. Triton Insurance............................................. 13,235,000 204,000

54. PEI Mutual Insurance Company.................... 15,018,000 15,018,000

53. Unica Insurance............................................. 18,864,000 18,852,000 12,000

52. Omega General Insurance............................. 21,347,000

51. Echelon General Insurance........................... 21,666,000 100,000 12,000 294,000 849,000 4,436,000 4,205,000 434,000 492,000 4,307,000 6,511,000 9,000 14,000 3,000

50. XL Insurance.................................................. 23,389,000 380,000

49. CAA Insurance Company (Ontario).............. 28,440,000 100,000 731,000 816,000 26,793,000

48. Jevco Insurance Company............................ 33,222,000 527,000 91,000 885,000 1,009,000 22,131,000 5,950,000 615,000 348,000 963,000 638,000 10,000 52,000 3,000

47. Pembridge Insurance Company.................... 35,871,000 3,874,000 3,505,000 2,237,000 22,939,000 3,316,000

46. Le Groupe Estrie–Richelieu........................... 36,829,000 36,829,000

45. Saskatchewan Mutual Insurance.................. 39,515,000 4,758,000 25,831,000 8,926,000

44. Cumis General Insurance.............................. 40,454,000 335,000 217,000 1,313,000 1,791,000

43. Canadian Direct Insurance............................ 41,189,000 11,043,000 30,146,000

Company

(Continued From Page 54)


Underwriting Profit Producers – 2012 (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. 28. 29. 30. 31. 32. 33. 34. 35. 36. 37.

Lloyd’s Underwriters ..................................................................... 451,914,000 Intact Financial Corporation .......................................................... 407,168,000 Aviva Canada Inc .......................................................................... 166,046,000 Chartis Insurance Co of Canada ................................................... 134,908,000 Chubb Insurance Co of Canada ................................................... 122,102,000 Allstate Insurance Co of Canada .................................................. 112,996,000 Desjardins General Insurance Group ............................................ 105,801,000 Factory Mutual Insurance Company ............................................... 80,880,000 Travelers Canada ............................................................................ 78,454,000 RSA Canada Group......................................................................... 76,173,000 Co-operators General Insurance Company .................................... 73,246,000 Economical Insurance ..................................................................... 69,983,000 Swiss Reinsurance Group ............................................................... 65,498,000 Ontario Mutual Insurance ................................................................ 61,306,000 SGI Canada Group .......................................................................... 55,509,000 Farm Mutual Reinsurance Plan ....................................................... 42,989,000 General Reinsurance Corp .............................................................. 39,294,000 RBC General Insurance................................................................... 34,226,000 Pafco Insurance Company .............................................................. 31,015,000 Triton Insurance .............................................................................. 28,420,000 Motors Insurance Corporation ........................................................ 27,150,000 Stewart Title Guaranty Company .................................................... 26,439,000 Partner Reinsurance Company of the U.S ...................................... 22,961,000 CNA Canada ................................................................................... 22,910,000 Zurich Insurance Company Ltd....................................................... 22,411,000 Boiler Inspection & Insurance Company ......................................... 22,351,000 State Farm Insurance Company ..................................................... 18,631,000 Everest Reinsurance Company ....................................................... 13,118,000 SSQ, Societe D’Assurances Gen .................................................... 13,090,000 La Capitale Assurances Gen Inc ..................................................... 11,240,000 CAA Insurance Company (Ontario) ................................................ 11,221,000 Pembridge Insurance Company ..................................................... 10,056,000 XL Re America Inc - Cdn Branch ...................................................... 8,906,000 Industrielle Alliance Compagnie ........................................................ 8,214,000 Cumis General Insurance .................................................................. 7,846,000 Optimum General Inc ........................................................................ 7,693,000 Federal Insurance Company ............................................................. 6,696,000

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. 74.

Sirius America Insurance................................................................... 6,390,000 L’Unique Assurances Generales ....................................................... 6,278,000 North Waterloo Farmers Mutual ........................................................ 5,929,000 MAPFRE Re Compania De Re, S.A. ................................................. 5,749,000 Associated Electric & Gas Insurance Services ................................. 5,541,000 FCT.................................................................................................... 5,285,000 Echelon General Insurance ............................................................... 5,192,000 Mitsui Sumitomo Insurance .............................................................. 5,112,000 Gore Mutual Insurance Company ..................................................... 4,939,000 Canadian Direct Insurance ................................................................ 4,855,000 Wynward Insurance Group ............................................................... 4,577,000 Euler Hermes North America Insurance ............................................ 4,551,000 Trisura Guarantee Insurance ............................................................. 4,502,000 Unica Insurance ................................................................................ 4,084,000 Tokio Marine & Nichido Fire .............................................................. 4,058,000 Pacific Coast Fishermen’s Mutual Marine ........................................ 4,029,000 Le Groupe Estrie-Richelieu ............................................................... 3,622,000 Western Surety Company ................................................................. 3,223,000 Toa Reinsurance Co of America ....................................................... 3,131,000 Co-operative Hail Ins Co Ltd............................................................. 2,734,000 Western Financial Insurance ............................................................. 2,436,000 Legacy General Insurance ................................................................ 2,204,000 Ontario School Board’s Insurance .................................................... 2,178,000 Sompo Japan Insurance Inc ............................................................. 1,976,000 Red River Mutual............................................................................... 1,846,000 Saskatchewan Mutual Insurance ...................................................... 1,560,000 Liberty Mutual Insurance................................................................... 1,253,000 Atradius Credit Insurance N.V ........................................................... 1,087,000 Corepoint Insurance ............................................................................. 982,000 RBC Insurance Company Of Canada .................................................. 715,000 PEI Mutual Insurance Company........................................................... 608,000 Antigonish Farmers’ Mutual ................................................................. 487,000 Nipponkoa Insurance Co Ltd ............................................................... 444,000 Mennonite Mutual Fire Insurance ......................................................... 428,000 Security Ins Co of Hartford .................................................................. 291,000 Protective Insurance Company ............................................................ 184,000 Alberta Motor Association .................................................................... 127,000

Underwriting Loss Producers – 2012 (Excluding A & S)

1.

Hartford Fire Insurance ......................................................................... -48,000

21.

Portage La Prairie Mutual................................................................. -5,728,000

2.

Utica Mutual Insurance Co Ltd ........................................................... -127,000

22.

Everest Insurance Co of Canada ..................................................... -6,045,000

3.

T.H.E. Insurance Company ................................................................. -146,000

23.

Aspen Insurance UK Limited............................................................ -6,751,000

4.

The Mearie Group ............................................................................... -252,000

24.

Transatlantic Reinsurance ................................................................ -7,578,000

5.

Fundy Mutual Insurance...................................................................... -550,000

25.

Munich Reinsurance Cda Group ...................................................... -8,125,000

6.

Alea (Bermuda) Ltd.............................................................................. -578,000

26.

Hannover Ruckversicherung AG ...................................................... -8,695,000

7.

Kings Mutual Insurance Company ...................................................... -682,000

27.

Berkley Insurance Company ............................................................ -9,547,000

8.

Clare Mutual Insurance Company....................................................... -691,000

28.

SCOR Canada Reinsurance ........................................................... -10,527,000

9.

American Road Insurance Company .................................................. -768,000

29.

Great American Insurance.............................................................. -11,366,000

10.

Promutuel Reassurance ...................................................................... -993,000

30.

Allianz Global Risks US .................................................................. -13,920,000

11.

Mutual Fire Insurance Co of BC ....................................................... -1,091,000

31.

Arch Insurance (Canada) ................................................................ -14,727,000

12.

XL Insurance .................................................................................... -1,347,000

32.

ACE INA Insurance........................................................................ -17,196,000

13.

Caisse Centrale De Reassurance..................................................... -1,374,000

33.

Lawyers’ Professional Indemnity ................................................... -19,259,000

14.

Munich Reinsurance America, Inc. .................................................. -1,442,000

34.

Affiliated FM Insurance .................................................................. -29,776,000

15.

Old Republic Insurance Company ................................................... -1,672,000

35.

Jevco Insurance Company ............................................................ -33,670,000

16.

TIG Insurance ................................................................................... -1,870,000

36.

Wawanesa Mutual Insurance ......................................................... -37,893,000

17.

Omega General Insurance ............................................................... -2,652,000

37.

The Dominion Of Canada ............................................................... -69,848,000

18.

Peace Hills General Insurance ......................................................... -3,012,000

38.

Northbridge Financial Corporation ............................................... -118,858,000

19.

Odyssey Reinsurance Company ...................................................... -3,969,000

39.

TD Insurance, General Insurance ................................................. -152,509,000

20.

Guarantee Company Of North America ........................................... -5,483,000

CANADIAN UNDERWRITER STATISTICAL ISSUE 2013

57


Leading Companies In The Provinces Direct Written Premiums – TOTAL BUSINESS – 2012 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 .................................. 152,407,000 Aviva Canada Inc ...................................... 98,479,000 Intact Financial Corporation..................... 87,534,000 Co–operators General Insurance Co ....... 69,679,000 The Dominion Of Canada ......................... 33,345,000 Northbridge Financial Corporation .......... 23,496,000 Economical Insurance .............................. 20,834,000 Lloyd’s Underwriters ................................ 20,166,000 TD Insurance, General Insurance ............ 16,449,000 Chartis Insurance Co of Canada ............. 10,245,000 Zurich Insurance Company Ltd ............... 9,160,000 Factory Mutual Insurance Company ....... 6,450,000 Desjardins General Insurance Group ...... 6,406,000 RBC General Insurance ............................ 4,769,000 Portage La Prairie Mutual ........................ 3,538,000 Allianz Global Risks US ............................ 3,218,000 Travelers Canada ...................................... 3,154,000 ACE INA Insurance .................................. 2,192,000 Guarantee Company Of North America .. 2,099,000 XL Insurance ............................................. 2,026,000 Triton Insurance ........................................ 2,025,000 Jevco Insurance Company ...................... 1,780,000 CNA Canada ............................................. 1,713,000 RBC Insurance Company Of Canada...... 1,646,000 Chubb Insurance Co of Canada .............. 1,558,000 Liberty Mutual Insurance.......................... 1,502,000 Western Surety Company ........................ 1,216,000 Wynward Insurance Group ...................... 1,008,000 Arch Insurance (Canada) .......................... 893,000 Affiliated FM Insurance ............................ 751,000

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 .............. Co–operators General Insurance Co ....... The Dominion Of Canada ......................... Aviva Canada Inc ...................................... SGI Canada Group ................................... RSA Canada Group .................................. Wawanesa Mutual Insurance................... Intact Financial Corporation..................... TD Insurance, General Insurance ............ Economical Insurance .............................. Northbridge Financial Corporation .......... Desjardins General Insurance Group ...... Portage La Prairie Mutual ........................ Lloyd’s Underwriters ................................ RBC General Insurance ............................ Factory Mutual Insurance Company ....... CAA Insurance Company (Ontario) ........ RBC Insurance Company Of Canada...... Allianz Global Risks US ............................ Zurich Insurance Company Ltd ............... Cumis General Insurance ......................... Travelers Canada ...................................... Chartis Insurance Co of Canada ............. Echelon General Insurance ...................... ACE INA Insurance .................................. Guarantee Company Of North America .. Chubb Insurance Co of Canada .............. CNA Canada ............................................. Wynward Insurance Group ...................... Stewart Title Guaranty Company ............

17,961,000 17,004,000 16,006,000 15,590,000 10,081,000 10,003,000 9,704,000 8,999,000 6,173,000 5,219,000 5,058,000 4,114,000 3,786,000 3,545,000 3,142,000 1,177,000 1,114,000 1,058,000 1,030,000 1,022,000 906,000 857,000 835,000 712,000 546,000 528,000 442,000 413,000 329,000 320,000

1. 2. 3. 4. 5. 6. 7. 8. 9. 10. 11.

Intact Financial Corporation..................... 164,322,000 RSA Canada Group .................................. 118,956,000 Aviva Canada Inc ...................................... 117,429,000 Wawanesa Mutual Insurance................... 71,877,000 TD Insurance, General Insurance ............ 66,621,000 Co–operators General Insurance Co ....... 62,704,000 Economical Insurance .............................. 59,781,000 The Dominion Of Canada ......................... 46,240,000 Portage La Prairie Mutual ........................ 41,072,000 Allstate Insurance Co of Canada ............. 30,830,000 Desjardins General Insurance Group ...... 29,678,000

Nova Scotia

58

12. 13. 14. 15. 16. 17. 18. 19. 20. 21. 22. 23. 24. 25. 26. 27. 28. 29. 30.

Lloyd’s Underwriters ................................ Northbridge Financial Corporation .......... Echelon General Insurance ...................... Chartis Insurance Co of Canada ............. Pembridge Insurance Company .............. RBC General Insurance ............................ Zurich Insurance Company Ltd ............... Kings Mutual Insurance Company .......... RBC Insurance Company Of Canada...... SGI Canada Group ................................... Guarantee Company Of North America .. Antigonish Farmers’ Mutual ..................... Factory Mutual Insurance Company ....... ACE INA Insurance .................................. Travelers Canada ...................................... Allianz Global Risks US ............................ Chubb Insurance Co of Canada .............. CAA Insurance Company (Ontario) ........ XL Insurance .............................................

26,234,000 25,711,000 17,258,000 15,511,000 13,551,000 12,983,000 10,686,000 7,543,000 7,048,000 6,415,000 6,027,000 5,388,000 5,355,000 5,153,000 5,103,000 4,951,000 3,891,000 3,624,000 3,473,000

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................... 108,781,000 Intact Financial Corporation..................... 91,872,000 Aviva Canada Inc ...................................... 86,350,000 RSA Canada Group .................................. 66,011,000 Economical Insurance .............................. 60,782,000 Co–operators General Insurance Co ....... 57,514,000 Allstate Insurance Co of Canada ............. 50,502,000 TD Insurance, General Insurance ............ 48,314,000 State Farm Insurance Company .............. 48,004,000 Lloyd’s Underwriters ................................ 35,562,000 Northbridge Financial Corporation .......... 22,231,000 The Dominion Of Canada ......................... 20,037,000 Chartis Insurance Co of Canada ............. 18,567,000 Pembridge Insurance Company .............. 16,331,000 Desjardins General Insurance Group ...... 15,892,000 Liberty Mutual Insurance.......................... 13,543,000 Portage La Prairie Mutual ........................ 12,844,000 Zurich Insurance Company Ltd ............... 11,599,000 Factory Mutual Insurance Company ....... 10,883,000 SGI Canada Group ................................... 10,101,000 RBC General Insurance ............................ 9,751,000 ACE INA Insurance .................................. 7,429,000 Chubb Insurance Co of Canada .............. 5,198,000 Cumis General Insurance ......................... 4,530,000 CAA Insurance Company (Ontario) ........ 4,174,000 RBC Insurance Company Of Canada...... 3,659,000 Guarantee Company Of North America .. 3,632,000 Fundy Mutual Insurance........................... 3,393,000 Travelers Canada ...................................... 2,994,000 XL Insurance ............................................. 2,763,000

1. 2. 3. 4. 5. 6. 7. 8. 9. 10. 11. 12. 13. 14. 15. 16. 17. 18. 19. 20. 21. 22. 23. 24.

Intact Financial Corporation.....................1,962,383,000 Desjardins General Insurance Group ......1,097,198,000 La Capitale Assurances Gen Inc ............. 509,614,000 Aviva Canada Inc ...................................... 474,596,000 Lloyd’s Underwriters ................................ 279,285,000 Industrielle Alliance Compagnie .............. 276,348,000 RSA Canada Group .................................. 232,988,000 TD Insurance, General Insurance ............ 204,972,000 SSQ, Societe D’Assurances Gen ............. 195,706,000 Northbridge Financial Corporation .......... 169,306,000 Zurich Insurance Company Ltd ............... 155,857,000 L’Unique Assurances Generales ............. 147,820,000 Chartis Insurance Co of Canada ............. 136,709,000 Economical Insurance .............................. 123,772,000 Jevco Insurance Company ...................... 104,268,000 Allstate Insurance Co of Canada ............. 103,940,000 Chubb Insurance Co of Canada .............. 101,156,000 Wawanesa Mutual Insurance................... 71,234,000 Co–operators General Insurance Co ....... 64,797,000 Guarantee Company Of North America .. 49,764,000 Affiliated FM Insurance ............................ 48,800,000 ACE INA Insurance .................................. 45,554,000 Factory Mutual Insurance Company ....... 44,512,000 Le Groupe Estrie–Richelieu...................... 43,006,000

New Brunswick

Québec

25. 26. 27. 28. 29. 30.

Allianz Global Risks US ............................ Travelers Canada ...................................... CNA Canada ............................................. RBC General Insurance ............................ Liberty Mutual Insurance.......................... RBC Insurance Company Of Canada......

42,696,000 41,671,000 41,170,000 36,192,000 29,836,000 28,153,000

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.....................2,743,765,000 Aviva Canada Inc ......................................1,922,923,000 TD Insurance, General Insurance ............1,666,789,000 State Farm Insurance Company ..............1,633,960,000 RSA Canada Group ..................................1,295,369,000 Economical Insurance ..............................1,023,994,000 Co–operators General Insurance Co ....... 981,177,000 The Dominion Of Canada ......................... 951,240,000 Allstate Insurance Co of Canada ............. 772,802,000 Desjardins General Insurance Group ...... 750,150,000 Wawanesa Mutual Insurance................... 667,517,000 Ontario Mutual Insurance......................... 663,091,000 Northbridge Financial Corporation .......... 560,556,000 Lloyd’s Underwriters ................................ 488,281,000 RBC General Insurance ............................ 418,706,000 Zurich Insurance Company Ltd ............... 351,308,000 Chubb Insurance Co of Canada .............. 349,579,000 Chartis Insurance Co of Canada ............. 332,154,000 Gore Mutual Insurance Company............ 279,740,000 Jevco Insurance Company ...................... 241,684,000 RBC Insurance Company Of Canada...... 235,984,000 Guarantee Company Of North America .. 233,099,000 CAA Insurance Company (Ontario) ........ 176,086,000 Motors Insurance Corporation................. 141,802,000 Pembridge Insurance Company .............. 136,777,000 ACE INA Insurance .................................. 134,551,000 Travelers Canada ...................................... 122,550,000 Echelon General Insurance ...................... 115,666,000 Lawyers’ Professional Indemnity............. 110,399,000 CNA Canada ............................................. 103,877,000

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................... 103,859,000 Aviva Canada Inc ...................................... 77,126,000 Intact Financial Corporation..................... 72,270,000 Red River Mutual ...................................... 65,757,000 Portage La Prairie Mutual ........................ 48,154,000 Lloyd’s Underwriters ................................ 42,771,000 Co–operators General Insurance Co ....... 41,570,000 Chartis Insurance Co of Canada ............. 33,798,000 RSA Canada Group .................................. 29,966,000 Northbridge Financial Corporation .......... 19,841,000 SGI Canada Group ................................... 17,290,000 Travelers Canada ...................................... 15,173,000 CNA Canada ............................................. 14,654,000 Zurich Insurance Company Ltd ............... 13,187,000 Peace Hills General Insurance ................. 12,415,000 ACE INA Insurance .................................. 11,918,000 Cumis General Insurance ......................... 11,496,000 Economical Insurance .............................. 10,038,000 RBC Insurance Company Of Canada...... 9,317,000 Chubb Insurance Co of Canada .............. 9,110,000 Allianz Global Risks US ............................ 7,647,000 Co–operative Hail Ins Co Ltd ................... 7,530,000 Factory Mutual Insurance Company ....... 7,380,000 Saskatchewan Mutual Insurance ............ 6,963,000 Alberta Motor Association ....................... 6,751,000 Wynward Insurance Group ...................... 6,698,000 Desjardins General Insurance Group ...... 5,534,000 Optimum General Inc ............................... 5,430,000 Arch Insurance (Canada) .......................... 4,914,000 TD Insurance, General Insurance ............ 4,766,000

1. 2. 3. 4.

SGI Canada Group ................................... 377,126,000 Wawanesa Mutual Insurance................... 112,517,000 Co–operators General Insurance Co ....... 74,776,000 Aviva Canada Inc ...................................... 55,986,000

Ontario

Manitoba

Saskatchewan

canadianunderwriter.ca CANADIAN UNDERWRITER STATISTICAL ISSUE 2013


Leading Companies In The Provinces Direct Written Premiums – TOTAL BUSINESS – 2012 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 .................................. Zurich Insurance Company Ltd ............... Chartis Insurance Co of Canada ............. ACE INA Insurance .................................. Factory Mutual Insurance Company ....... Mennonite Mutual Fire Insurance ............ Intact Financial Corporation..................... Allianz Global Risks US ............................ Wynward Insurance Group ...................... Portage La Prairie Mutual ........................ Travelers Canada ...................................... CNA Canada ............................................. Red River Mutual ...................................... Liberty Mutual Insurance.......................... Western Surety Company ........................ Peace Hills General Insurance ................. XL Insurance ............................................. Arch Insurance (Canada) .......................... Chubb Insurance Co of Canada .............. RBC Insurance Company Of Canada...... Cumis General Insurance ......................... Economical Insurance ..............................

45,032,000 38,556,000 37,181,000 32,400,000 26,623,000 20,333,000 20,199,000 19,121,000 18,355,000 14,542,000 13,669,000 13,656,000 13,507,000 13,450,000 8,909,000 8,424,000 7,368,000 6,742,000 5,127,000 4,780,000 4,757,000 4,701,000 4,597,000 4,560,000 3,862,000 2,983,000

Alberta 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.....................1,140,625,000 Wawanesa Mutual Insurance................... 794,026,000 TD Insurance, General Insurance ............ 653,997,000 Co–operators General Insurance Co ....... 564,058,000 Aviva Canada Inc ...................................... 461,052,000 RSA Canada Group .................................. 423,552,000 Lloyd’s Underwriters ................................ 321,391,000 Chartis Insurance Co of Canada ............. 267,790,000 Alberta Motor Association ....................... 265,064,000 Economical Insurance .............................. 214,515,000 Zurich Insurance Company Ltd ............... 203,066,000 Northbridge Financial Corporation .......... 174,097,000 State Farm Insurance Company .............. 165,199,000 The Dominion Of Canada ......................... 135,114,000 Peace Hills General Insurance ................. 115,924,000 Allstate Insurance Co of Canada ............. 96,197,000 Chubb Insurance Co of Canada .............. 83,631,000 Desjardins General Insurance Group ...... 64,130,000 Canadian Direct Insurance....................... 60,395,000 ACE INA Insurance .................................. 56,347,000 Travelers Canada ...................................... 55,967,000 Allianz Global Risks US ............................ 55,133,000 CNA Canada ............................................. 53,171,000 SGI Canada Group ................................... 51,425,000 RBC General Insurance ............................ 49,048,000 Liberty Mutual Insurance.......................... 47,384,000 RBC Insurance Company Of Canada...... 46,861,000 Factory Mutual Insurance Company ....... 46,239,000 Portage La Prairie Mutual ........................ 40,929,000 Jevco Insurance Company ...................... 31,514,000

1. 2. 3. 4. 5. 6. 7. 8. 9. 10. 11. 12. 13. 14. 15. 16. 17.

Intact Financial Corporation..................... Lloyd’s Underwriters ................................ RSA Canada Group .................................. Economical Insurance .............................. Aviva Canada Inc ...................................... Wawanesa Mutual Insurance................... Co–operators General Insurance Co ....... Northbridge Financial Corporation .......... Zurich Insurance Company Ltd ............... Chartis Insurance Co of Canada ............. Chubb Insurance Co of Canada .............. Canadian Direct Insurance....................... The Dominion Of Canada ......................... Gore Mutual Insurance Company............ Factory Mutual Insurance Company ....... Travelers Canada ...................................... CNA Canada .............................................

British Columbia 446,660,000 427,300,000 366,871,000 287,330,000 220,539,000 214,512,000 139,375,000 124,652,000 123,828,000 108,630,000 88,772,000 74,335,000 59,213,000 57,613,000 56,109,000 48,703,000 47,242,000

18. 19. 20. 21. 22. 23. 24. 25. 26. 27. 28. 29. 30.

Optimum General Inc ............................... Mutual Fire Insurance Co of BC .............. Peace Hills General Insurance ................. RBC Insurance Company Of Canada...... Allianz Global Risks US ............................ ACE INA Insurance .................................. TD Insurance, General Insurance ............ Liberty Mutual Insurance.......................... Wynward Insurance Group ...................... XL Insurance ............................................. Affiliated FM Insurance ............................ Trisura Guarantee 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.

Lloyd’s Underwriters ................................ TD Insurance, General Insurance ............ Wawanesa Mutual Insurance................... Aviva Canada Inc ...................................... Co–operators General Insurance Co ....... RSA Canada Group .................................. Intact Financial Corporation..................... Chartis Insurance Co of Canada ............. Travelers Canada ...................................... Peace Hills General Insurance ................. Allianz Global Risks US ............................ Northbridge Financial Corporation .......... Factory Mutual Insurance Company ....... The Dominion Of Canada ......................... ACE INA Insurance .................................. Zurich Insurance Company Ltd ............... Desjardins General Insurance Group ...... Trisura Guarantee Insurance.................... XL Insurance ............................................. RBC General Insurance ............................ RBC Insurance Company Of Canada...... Chubb Insurance Co of Canada .............. CNA Canada ............................................. Economical Insurance .............................. Triton Insurance ........................................ Arch Insurance (Canada) .......................... Jevco Insurance Company ...................... State Farm Insurance Company .............. Liberty Mutual Insurance.......................... Wynward Insurance Group ......................

43,368,000 39,418,000 38,831,000 37,529,000 35,775,000 34,742,000 21,035,000 19,385,000 14,220,000 13,631,000 12,389,000 11,373,000 11,233,000

Yukon Territory 10,218,000 8,654,000 6,820,000 6,820,000 6,253,000 6,209,000 4,354,000 2,274,000 1,913,000 1,793,000 1,483,000 1,252,000 1,003,000 927,000 654,000 566,000 564,000 394,000 383,000 371,000 288,000 253,000 236,000 135,000 134,000 130,000 105,000 97,000 88,000 70,000

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 ................................ RSA Canada Group .................................. Travelers Canada ...................................... Intact Financial Corporation..................... Northbridge Financial Corporation .......... Zurich Insurance Company Ltd ............... Chartis Insurance Co of Canada ............. Factory Mutual Insurance Company ....... Co–operators General Insurance Co ....... ACE INA Insurance .................................. Aviva Canada Inc ...................................... Peace Hills General Insurance ................. Allianz Global Risks US ............................ TD Insurance, General Insurance ............ The Dominion Of Canada ......................... CNA Canada ............................................. RBC General Insurance ............................ XL Insurance ............................................. Desjardins General Insurance Group ...... Arch Insurance (Canada) .......................... Wawanesa Mutual Insurance................... Economical Insurance .............................. State Farm Insurance Company .............. Allstate Insurance Co of Canada ............. Chubb Insurance Co of Canada .............. Liberty Mutual Insurance.......................... RBC Insurance Company Of Canada...... Boiler Inspection & Insurance Company. Jevco Insurance Company ...................... Wynward Insurance Group ......................

3,594,000 2,807,000 1,632,000 1,372,000 1,210,000 1,134,000 1,041,000 930,000 832,000 787,000 777,000 726,000 614,000 472,000 452,000 333,000 261,000 241,000 140,000 136,000 134,000 107,000 105,000 61,000 59,000 49,000 46,000 32,000 25,000 25,000

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 2013

Aviva Canada Inc ...................................... Zurich Insurance Company Ltd ............... Intact Financial Corporation..................... Lloyd’s Underwriters ................................ TD Insurance, General Insurance ............ Chartis Insurance Co of Canada ............. Co–operators General Insurance Co ....... RSA Canada Group .................................. Allianz Global Risks US ............................ Northbridge Financial Corporation .......... Travelers Canada ...................................... The Dominion Of Canada ......................... Peace Hills General Insurance ................. Desjardins General Insurance Group ...... XL Insurance ............................................. Factory Mutual Insurance Company ....... ACE INA Insurance .................................. CNA Canada ............................................. Wawanesa Mutual Insurance................... State Farm Insurance Company .............. Chubb Insurance Co of Canada .............. Economical Insurance .............................. RBC General Insurance ............................ RBC Insurance Company Of Canada...... Triton Insurance ........................................ Jevco Insurance Company ...................... Guarantee Company Of North America .. Allstate Insurance Co of Canada ............. Trisura Guarantee Insurance.................... Mitsui Sumitomo Insurance .....................

13,469,000 11,636,000 10,712,000 6,830,000 6,036,000 5,761,000 5,695,000 4,538,000 2,947,000 2,110,000 1,970,000 1,501,000 1,348,000 1,283,000 912,000 593,000 589,000 390,000 390,000 321,000 318,000 317,000 312,000 293,000 277,000 226,000 204,000 200,000 169,000 135,000 59


Leading Companies In The Provinces Direct Written Premiums – PROPERTY – 2012 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 ...................................... Intact Financial Corporation..................... The Dominion Of Canada ......................... Lloyd’s Underwriters ................................ Northbridge Financial Corporation .......... Factory Mutual Insurance Company ....... Economical Insurance .............................. Zurich Insurance Company Ltd ............... TD Insurance, General Insurance ............ Chartis Insurance Co of Canada ............. Allianz Global Risks US ............................ Desjardins General Insurance Group ...... Portage La Prairie Mutual ........................ Liberty Mutual Insurance.......................... RBC General Insurance ............................ ACE INA Insurance .................................. Affiliated FM Insurance ............................ Wynward Insurance Group ...................... Travelers Canada ...................................... Chubb Insurance Co of Canada .............. Jevco Insurance Company ...................... Arch Insurance (Canada) .......................... XL Insurance ............................................. Cumis General Insurance ......................... CNA Canada ............................................. Triton Insurance ........................................ RBC Insurance Company Of Canada...... Echelon General Insurance ......................

46,914,000 29,761,000 26,241,000 23,317,000 8,647,000 8,557,000 7,746,000 5,411,000 4,837,000 4,807,000 4,779,000 3,686,000 1,796,000 1,505,000 986,000 832,000 804,000 733,000 717,000 702,000 656,000 643,000 527,000 505,000 380,000 335,000 329,000 204,000 121,000 100,000

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 .............. Co–operators General Insurance Co ....... The Dominion Of Canada ......................... Aviva Canada Inc ...................................... RSA Canada Group .................................. Intact Financial Corporation..................... SGI Canada Group ................................... Economical Insurance .............................. Lloyd’s Underwriters ................................ Northbridge Financial Corporation .......... Wawanesa Mutual Insurance................... TD Insurance, General Insurance ............ Factory Mutual Insurance Company ....... Desjardins General Insurance Group ...... Portage La Prairie Mutual ........................ Zurich Insurance Company Ltd ............... Chartis Insurance Co of Canada ............. Affiliated FM Insurance ............................ RBC General Insurance ............................ Cumis General Insurance ......................... ACE INA Insurance .................................. Wynward Insurance Group ...................... Travelers Canada ...................................... Guarantee Company Of North America .. Liberty Mutual Insurance.......................... Chubb Insurance Co of Canada .............. CAA Insurance Company (Ontario) ........ Jevco Insurance Company ...................... RBC Insurance Company Of Canada...... Allianz Global Risks US ............................

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 ....... Economical Insurance .............................. TD Insurance, General Insurance ............ Wawanesa Mutual Insurance................... The Dominion Of Canada ......................... Portage La Prairie Mutual ........................ Desjardins General Insurance Group ...... Lloyd’s Underwriters ................................

15,018,000 5,747,000 4,618,000 3,589,000 3,072,000 2,959,000 2,026,000 1,934,000 1,602,000 1,268,000 1,235,000 929,000 922,000 701,000 650,000 594,000 375,000 293,000 266,000 217,000 205,000 186,000 186,000 155,000 113,000 110,000 100,000 91,000 85,000 59,000

Nova Scotia

60

68,599,000 44,392,000 38,550,000 28,073,000 24,950,000 20,886,000 20,854,000 16,935,000 12,434,000 9,201,000 9,045,000

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 .......... Antigonish Farmers’ Mutual ..................... Factory Mutual Insurance Company ....... RBC General Insurance ............................ Pembridge Insurance Company .............. Zurich Insurance Company Ltd ............... Clare Mutual Insurance Company ........... Wynward Insurance Group ...................... SGI Canada Group ................................... Allianz Global Risks US ............................ Affiliated FM Insurance ............................ Cumis General Insurance ......................... Travelers Canada ...................................... XL Insurance ............................................. RBC Insurance Company Of Canada...... 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..................... Aviva Canada Inc ...................................... Wawanesa Mutual Insurance................... RSA Canada Group .................................. Co–operators General Insurance Co ....... Economical Insurance .............................. State Farm Insurance Company .............. Lloyd’s Underwriters ................................ TD Insurance, General Insurance ............ Allstate Insurance Co of Canada ............. Factory Mutual Insurance Company ....... The Dominion Of Canada ......................... Northbridge Financial Corporation .......... Chartis Insurance Co of Canada ............. Portage La Prairie Mutual ........................ Desjardins General Insurance Group ...... Zurich Insurance Company Ltd ............... Pembridge Insurance Company .............. Fundy Mutual Insurance........................... SGI Canada Group ................................... Chubb Insurance Co of Canada .............. RBC General Insurance ............................ Cumis General Insurance ......................... Wynward Insurance Group ...................... ACE INA Insurance .................................. Allianz Global Risks US ............................ Arch Insurance (Canada) .......................... Jevco Insurance Company ...................... CNA Canada ............................................. Echelon General 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..................... Desjardins General Insurance Group ...... La Capitale Assurances Gen Inc ............. Aviva Canada Inc ...................................... RSA Canada Group .................................. Lloyd’s Underwriters ................................ TD Insurance, General Insurance ............ Zurich Insurance Company Ltd ............... SSQ, Societe D’Assurances Gen ............. Industrielle Alliance Compagnie .............. L’Unique Assurances Generales ............. Economical Insurance .............................. Northbridge Financial Corporation .......... Chartis Insurance Co of Canada ............. Chubb Insurance Co of Canada .............. Affiliated FM Insurance ............................ Allstate Insurance Co of Canada ............. Le Groupe Estrie–Richelieu...................... Factory Mutual Insurance Company ....... Co–operators General Insurance Co ....... Guarantee Company Of North America .. Wawanesa Mutual Insurance................... Jevco Insurance Company ...................... Optimum General Inc ...............................

8,596,000 8,578,000 6,546,000 6,337,000 4,529,000 4,386,000 3,960,000 3,874,000 3,430,000 2,438,000 1,964,000 1,892,000 1,706,000 1,323,000 1,313,000 1,173,000 1,159,000 1,087,000 973,000

New Brunswick 34,334,000 28,365,000 26,737,000 23,248,000 23,074,000 20,233,000 16,847,000 15,613,000 13,482,000 12,167,000 8,276,000 6,905,000 5,673,000 4,961,000 4,356,000 4,011,000 3,725,000 3,505,000 3,017,000 2,878,000 2,640,000 2,306,000 1,791,000 1,685,000 1,129,000 1,065,000 1,057,000 1,009,000 945,000 849,000

Québec 860,722,000 539,538,000 195,625,000 179,484,000 110,521,000 107,439,000 104,605,000 76,669,000 76,663,000 75,447,000 67,103,000 66,695,000 58,371,000 55,522,000 48,954,000 44,575,000 38,307,000 36,829,000 34,303,000 34,245,000 27,967,000 25,563,000 22,131,000 19,638,000

25. 26. 27. 28. 29. 30.

ACE INA Insurance .................................. RBC General Insurance ............................ Travelers Canada ...................................... Allianz Global Risks US ............................ Liberty Mutual Insurance.......................... CNA Canada .............................................

17,560,000 15,658,000 10,047,000 8,658,000 6,729,000 4,579,000

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 Insurance ............ RSA Canada Group .................................. Ontario Mutual Insurance......................... Co–operators General Insurance Co ....... Economical Insurance .............................. The Dominion Of Canada ......................... Wawanesa Mutual Insurance................... Northbridge Financial Corporation .......... Chubb Insurance Co of Canada .............. Allstate Insurance Co of Canada ............. Lloyd’s Underwriters ................................ Desjardins General Insurance Group ...... Zurich Insurance Company Ltd ............... Chartis Insurance Co of Canada ............. Gore Mutual Insurance Company............ RBC General Insurance ............................ Guarantee Company Of North America .. Factory Mutual Insurance Company ....... North Waterloo Farmers Mutual .............. Allianz Global Risks US ............................ ACE INA Insurance .................................. RBC Insurance Company Of Canada...... Affiliated FM Insurance ............................ CAA Insurance Company (Ontario) ........ Pembridge Insurance Company .............. Cumis General Insurance ......................... 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................... 100,272,000 Red River Mutual ...................................... 62,413,000 Aviva Canada Inc ...................................... 60,577,000 Intact Financial Corporation..................... 55,521,000 Portage La Prairie Mutual ........................ 45,978,000 Co–operators General Insurance Co ....... 34,084,000 Lloyd’s Underwriters ................................ 17,630,000 RSA Canada Group .................................. 14,927,000 SGI Canada Group ................................... 14,515,000 Peace Hills General Insurance ................. 12,415,000 Northbridge Financial Corporation .......... 11,508,000 Cumis General Insurance ......................... 9,118,000 Chartis Insurance Co of Canada ............. 8,812,000 Economical Insurance .............................. 8,609,000 Zurich Insurance Company Ltd ............... 7,964,000 Alberta Motor Association ....................... 6,751,000 Factory Mutual Insurance Company ....... 6,492,000 Travelers Canada ...................................... 6,216,000 ACE INA Insurance .................................. 6,203,000 CNA Canada ............................................. 6,077,000 Desjardins General Insurance Group ...... 5,534,000 Wynward Insurance Group ...................... 5,111,000 TD Insurance, General Insurance ............ 4,766,000 Saskatchewan Mutual Insurance ............ 4,758,000 Optimum General Inc ............................... 4,285,000 Chubb Insurance Co of Canada .............. 4,245,000 Arch Insurance (Canada) .......................... 3,263,000 Liberty Mutual Insurance.......................... 2,287,000 Affiliated FM Insurance ............................ 2,063,000 Allianz Global Risks US ............................ 1,767,000

1. 2. 3. 4.

SGI Canada Group ................................... 205,160,000 Wawanesa Mutual Insurance................... 108,124,000 Co–operators General Insurance Co ....... 59,650,000 Aviva Canada Inc ...................................... 36,786,000

Ontario 737,858,000 486,059,000 399,845,000 380,668,000 346,052,000 326,869,000 316,030,000 297,445,000 252,855,000 156,741,000 155,848,000 154,960,000 149,545,000 134,387,000 120,128,000 99,872,000 91,333,000 82,835,000 81,028,000 63,948,000 60,072,000 41,693,000 41,356,000 35,079,000 33,542,000 33,275,000 26,793,000 22,939,000 19,857,000 18,852,000

Manitoba

Saskatchewan

canadianunderwriter.ca CANADIAN UNDERWRITER STATISTICAL ISSUE 2013


Leading Companies In The Provinces Direct Written Premiums – PROPERTY – 2012 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 ................................ Factory Mutual Insurance Company ....... Zurich Insurance Company Ltd ............... Mennonite Mutual Fire Insurance ............ Portage La Prairie Mutual ........................ Wynward Insurance Group ...................... Chartis Insurance Co of Canada ............. Allianz Global Risks US ............................ ACE INA Insurance .................................. Intact Financial Corporation..................... Red River Mutual ...................................... Liberty Mutual Insurance.......................... Peace Hills General Insurance ................. CNA Canada ............................................. Arch Insurance (Canada) .......................... TD Insurance, General Insurance ............ XL Insurance ............................................. Economical Insurance .............................. Travelers Canada ...................................... Affiliated FM Insurance ............................ Cumis General Insurance ......................... Mutual Fire Insurance Co of BC .............. 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.

Intact Financial Corporation..................... Wawanesa Mutual Insurance................... Co–operators General Insurance Co ....... TD Insurance, General Insurance ............ Aviva Canada Inc ...................................... Chartis Insurance Co of Canada ............. RSA Canada Group .................................. Lloyd’s Underwriters ................................ Zurich Insurance Company Ltd ............... Economical Insurance .............................. Alberta Motor Association ....................... Peace Hills General Insurance ................. Northbridge Financial Corporation .......... The Dominion Of Canada ......................... State Farm Insurance Company .............. Factory Mutual Insurance Company ....... Chubb Insurance Co of Canada .............. Allianz Global Risks US ............................ Allstate Insurance Co of Canada ............. ACE INA Insurance .................................. CNA Canada ............................................. Portage La Prairie Mutual ........................ Liberty Mutual Insurance.......................... SGI Canada Group ................................... Arch Insurance (Canada) .......................... Desjardins General Insurance Group ...... RBC General Insurance ............................ Travelers Canada ...................................... Canadian Direct Insurance....................... Saskatchewan Mutual Insurance ............

1. 2. 3. 4. 5. 6. 7. 8. 9. 10. 11. 12. 13. 14. 15. 16. 17.

Intact Financial Corporation..................... RSA Canada Group .................................. Lloyd’s Underwriters ................................ Wawanesa Mutual Insurance................... Economical Insurance .............................. Aviva Canada Inc ...................................... Co–operators General Insurance Co ....... Zurich Insurance Company Ltd ............... Northbridge Financial Corporation .......... Chubb Insurance Co of Canada .............. The Dominion Of Canada ......................... Gore Mutual Insurance Company............ Chartis Insurance Co of Canada ............. Factory Mutual Insurance Company ....... Peace Hills General Insurance ................. Optimum General Inc ............................... Mutual Fire Insurance Co of BC ..............

25,831,000 19,292,000 19,041,000 17,659,000 13,363,000 13,186,000 12,868,000 11,786,000 10,975,000 9,102,000 8,485,000 8,207,000 7,216,000 6,918,000 5,277,000 4,780,000 3,859,000 3,385,000 2,905,000 2,511,000 2,434,000 2,307,000 1,969,000 1,918,000 1,582,000 1,386,000

Alberta 336,002,000 282,979,000 221,392,000 192,444,000 158,604,000 156,935,000 142,798,000 135,053,000 75,570,000 73,272,000 57,656,000 55,121,000 52,753,000 46,275,000 41,870,000 33,162,000 32,667,000 28,023,000 25,459,000 20,979,000 20,324,000 15,112,000 15,002,000 14,468,000 14,426,000 14,111,000 11,771,000 11,537,000 11,043,000 8,926,000

British Columbia 324,581,000 252,932,000 232,059,000 204,361,000 180,819,000 175,270,000 111,039,000 80,640,000 68,174,000 53,995,000 51,821,000 49,369,000 48,156,000 46,644,000 38,831,000 37,326,000 35,614,000

18. 19. 20. 21. 22. 23. 24. 25. 26. 27. 28. 29. 30.

Canadian Direct Insurance....................... TD Insurance, General Insurance ............ ACE INA Insurance .................................. CNA Canada ............................................. Allianz Global Risks US ............................ Wynward Insurance Group ...................... Affiliated FM Insurance ............................ Travelers Canada ...................................... Omega General Insurance ....................... Echelon General Insurance ...................... 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 ................................ Aviva Canada Inc ...................................... Co–operators General Insurance Co ....... RSA Canada Group .................................. Wawanesa Mutual Insurance................... TD Insurance, General Insurance ............ Intact Financial Corporation..................... Peace Hills General Insurance ................. Factory Mutual Insurance Company ....... Chartis Insurance Co of Canada ............. Travelers Canada ...................................... Northbridge Financial Corporation .......... Allianz Global Risks US ............................ The Dominion Of Canada ......................... ACE INA Insurance .................................. RBC General Insurance ............................ Desjardins General Insurance Group ...... Zurich Insurance Company Ltd ............... Triton Insurance ........................................ Arch Insurance (Canada) .......................... Wynward Insurance Group ...................... CNA Canada ............................................. RBC Insurance Company Of Canada...... Chubb Insurance Co of Canada .............. Jevco Insurance Company ...................... Omega General Insurance ....................... Echelon General Insurance ...................... Liberty Mutual Insurance.......................... Gore Mutual Insurance Company............ Affiliated FM Insurance ............................

30,146,000 21,035,000 18,445,000 16,601,000 13,595,000 12,165,000 11,921,000 11,676,000 6,792,000 6,511,000 5,699,000 5,202,000 4,891,000

Yukon Territory 6,970,000 2,519,000 2,486,000 2,446,000 2,279,000 2,232,000 1,347,000 841,000 837,000 644,000 613,000 530,000 381,000 317,000 287,000 131,000 106,000 97,000 69,000 57,000 52,000 35,000 21,000 16,000 10,000 10,000 9,000 3,000 3,000 3,000

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.

Lloyd’s Underwriters ................................ RSA Canada Group .................................. Zurich Insurance Company Ltd ............... Chartis Insurance Co of Canada ............. Northbridge Financial Corporation .......... Factory Mutual Insurance Company ....... ACE INA Insurance .................................. Travelers Canada ...................................... Peace Hills General Insurance ................. Co–operators General Insurance Co ....... Intact Financial Corporation..................... The Dominion Of Canada ......................... RBC General Insurance ............................ TD Insurance, General Insurance ............ Arch Insurance (Canada) .......................... CNA Canada ............................................. Allianz Global Risks US ............................ Chubb Insurance Co of Canada .............. Desjardins General Insurance Group ...... Liberty Mutual Insurance.......................... Wynward Insurance Group ...................... Aviva Canada Inc ...................................... RBC Insurance Company Of Canada...... Everest Insurance Co of Canada ............. Jevco Insurance Company ...................... Echelon General Insurance ...................... Omega General Insurance .......................

2,158,000 1,214,000 898,000 888,000 881,000 762,000 703,000 648,000 618,000 603,000 223,000 220,000 145,000 129,000 99,000 77,000 54,000 32,000 31,000 31,000 21,000 16,000 11,000 8,000 3,000 3,000 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 2013

Zurich Insurance Company Ltd ............... Aviva Canada Inc ...................................... Intact Financial Corporation..................... Chartis Insurance Co of Canada ............. Co–operators General Insurance Co ....... Lloyd’s Underwriters ................................ RSA Canada Group .................................. TD Insurance, General Insurance ............ Northbridge Financial Corporation .......... Peace Hills General Insurance ................. Travelers Canada ...................................... The Dominion Of Canada ......................... Allianz Global Risks US ............................ Factory Mutual Insurance Company ....... Desjardins General Insurance Group ...... ACE INA Insurance .................................. Triton Insurance ........................................ CNA Canada ............................................. Chubb Insurance Co of Canada .............. Jevco Insurance Company ...................... RBC General Insurance ............................ Liberty Mutual Insurance.......................... Wynward Insurance Group ...................... RBC Insurance Company Of Canada...... Affiliated FM Insurance ............................ Arch Insurance (Canada) .......................... Echelon General Insurance ...................... Omega General Insurance ....................... Berkley Insurance Company .................... XL Insurance .............................................

11,016,000 7,354,000 4,071,000 3,352,000 2,924,000 2,356,000 1,612,000 1,580,000 996,000 841,000 831,000 802,000 711,000 470,000 247,000 216,000 142,000 65,000 52,000 52,000 51,000 28,000 27,000 24,000 22,000 17,000 14,000 13,000 6,000 3,000 61


Leading Companies In The Provinces Direct Written Premiums – AUTOMOBILE – 2012 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 .................................. 101,384,000 Aviva Canada Inc ...................................... 63,268,000 Intact Financial Corporation..................... 60,302,000 Co–operators General Insurance Co ....... 34,919,000 The Dominion Of Canada ......................... 22,808,000 Economical Insurance .............................. 14,741,000 TD Insurance, General Insurance ............ 11,322,000 Northbridge Financial Corporation .......... 9,206,000 Desjardins General Insurance Group ...... 4,901,000 RBC General Insurance ............................ 3,918,000 Portage La Prairie Mutual ........................ 2,396,000 Zurich Insurance Company Ltd ............... 1,864,000 Old Republic Insurance Company........... 584,000 ACE INA Insurance .................................. 429,000 Chartis Insurance Co of Canada ............. 409,000 Liberty Mutual Insurance.......................... 180,000 Cumis General Insurance ......................... 155,000 Travelers Canada ...................................... 136,000 Chubb Insurance Co of Canada .............. 131,000 Motors Insurance Corporation................. 102,000 American Road Insurance Company ...... 71,000 Guarantee Company Of North America .. 59,000 Mitsui Sumitomo Insurance ..................... 50,000 CNA Canada ............................................. 50,000 Tokio Marine & Nichido Fire ..................... 28,000 Hartford Fire Insurance ............................ 4,000 XL Insurance ............................................. 3,000 Everest Insurance Co of Canada ............. 1,000 Protective Insurance Company ............... 1,000 Allianz Global Risks US ............................ –11,000

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 ......................... Aviva Canada Inc ...................................... Co–operators General Insurance Co ....... Wawanesa Mutual Insurance................... SGI Canada Group ................................... TD Insurance, General Insurance ............ RSA Canada Group .................................. Intact Financial Corporation..................... Desjardins General Insurance Group ...... Portage La Prairie Mutual ........................ RBC General Insurance ............................ Economical Insurance .............................. Northbridge Financial Corporation .......... CAA Insurance Company (Ontario) ........ Echelon General Insurance ...................... Cumis General Insurance ......................... Travelers Canada ...................................... RBC Insurance Company Of Canada...... Zurich Insurance Company Ltd ............... Jevco Insurance Company ...................... ACE INA Insurance .................................. Old Republic Insurance Company........... Liberty Mutual Insurance.......................... Chubb Insurance Co of Canada .............. Motors Insurance Corporation................. Guarantee Company Of North America .. Chartis Insurance Co of Canada ............. CNA Canada ............................................. Protective Insurance Company ............... Tokio Marine & Nichido Fire .....................

1. 2. 3. 4. 5. 6. 7. 8. 9. 10. 11.

Intact Financial Corporation..................... Aviva Canada Inc ...................................... RSA Canada Group .................................. Wawanesa Mutual Insurance................... TD Insurance, General Insurance ............ Economical Insurance .............................. Co–operators General Insurance Co ....... Portage La Prairie Mutual ........................ The Dominion Of Canada ......................... Allstate Insurance Co of Canada ............. Desjardins General Insurance Group ......

10,674,000 10,393,000 9,399,000 8,300,000 7,602,000 5,244,000 4,845,000 4,782,000 3,413,000 3,062,000 2,876,000 2,668,000 2,504,000 1,005,000 687,000 466,000 243,000 185,000 170,000 156,000 123,000 50,000 45,000 42,000 17,000 16,000 13,000 5,000 1,000 1,000

Nova Scotia

62

83,486,000 68,776,000 55,377,000 49,476,000 45,735,000 29,340,000 27,873,000 27,261,000 27,100,000 22,234,000 20,477,000

12. 13. 14. 15. 16. 17. 18. 19. 20. 21. 22. 23. 24. 25. 26. 27. 28. 29. 30.

Echelon General Insurance ...................... Northbridge Financial Corporation .......... Pembridge Insurance Company .............. RBC General Insurance ............................ Zurich Insurance Company Ltd ............... SGI Canada Group ................................... CAA Insurance Company (Ontario) ........ Pafco Insurance Company....................... ACE INA Insurance .................................. RBC Insurance Company Of Canada...... Guarantee Company Of North America .. Chartis Insurance Co of Canada ............. Old Republic Insurance Company........... Cumis General Insurance ......................... Allianz Global Risks US ............................ Liberty Mutual Insurance.......................... Jevco Insurance Company ...................... Chubb Insurance Co of Canada .............. Lloyd’s Underwriters ................................

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 ...................................... Intact Financial Corporation..................... Allstate Insurance Co of Canada ............. Economical Insurance .............................. TD Insurance, General Insurance ............ RSA Canada Group .................................. State Farm Insurance Company .............. Co–operators General Insurance Co ....... 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 ............... CAA Insurance Company (Ontario) ........ Chartis Insurance Co of Canada ............. ACE INA Insurance .................................. Cumis General Insurance ......................... Pafco Insurance Company....................... Old Republic Insurance Company........... RBC Insurance Company Of Canada...... Echelon General Insurance ...................... Liberty Mutual Insurance.......................... Guarantee Company Of North America .. Jevco Insurance Company ...................... Lloyd’s Underwriters ................................ CNA 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.

Intact Financial Corporation..................... Desjardins General Insurance Group ...... La Capitale Assurances Gen Inc ............. Aviva Canada Inc ...................................... Industrielle Alliance Compagnie .............. SSQ, Societe D’Assurances Gen ............. TD Insurance, General Insurance ............ L’Unique Assurances Generales ............. Allstate Insurance Co of Canada ............. Jevco Insurance Company ...................... Northbridge Financial Corporation .......... RSA Canada Group .................................. Wawanesa Mutual Insurance................... Economical Insurance .............................. Zurich Insurance Company Ltd ............... Pafco Insurance Company....................... RBC General Insurance ............................ Co–operators General Insurance Co ....... Echelon General Insurance ...................... Lloyd’s Underwriters ................................ ACE INA Insurance .................................. Chubb Insurance Co of Canada .............. Chartis Insurance Co of Canada ............. Optimum General Inc ...............................

16,809,000 9,918,000 9,677,000 9,021,000 4,140,000 3,986,000 2,815,000 1,876,000 1,797,000 1,702,000 1,053,000 985,000 720,000 698,000 522,000 347,000 267,000 235,000 189,000

New Brunswick 80,832,000 50,679,000 50,656,000 38,335,000 35,430,000 34,832,000 34,573,000 29,680,000 28,400,000 13,003,000 12,826,000 12,037,000 11,881,000 7,924,000 7,445,000 6,345,000 4,884,000 3,303,000 3,296,000 3,038,000 1,553,000 1,428,000 1,239,000 1,225,000 501,000 384,000 365,000 275,000 165,000 138,000

Québec 869,630,000 529,667,000 302,540,000 243,619,000 200,931,000 119,065,000 99,762,000 67,230,000 65,633,000 60,563,000 49,568,000 48,472,000 45,616,000 41,884,000 28,036,000 24,595,000 19,702,000 16,407,000 10,811,000 8,929,000 6,565,000 6,356,000 4,423,000 3,056,000

25. 26. 27. 28. 29. 30.

Guarantee Company Of North America .. Liberty Mutual Insurance.......................... American Road Insurance Company ...... Travelers Canada ...................................... Motors Insurance Corporation................. CNA Canada .............................................

2,850,000 2,785,000 1,802,000 1,720,000 1,644,000 1,321,000

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.....................1,770,064,000 TD Insurance, General Insurance ............1,281,430,000 State Farm Insurance Company ..............1,192,542,000 Aviva Canada Inc ......................................1,163,125,000 RSA Canada Group .................................. 742,733,000 Economical Insurance .............................. 636,823,000 The Dominion Of Canada ......................... 632,695,000 Desjardins General Insurance Group ...... 629,885,000 Allstate Insurance Co of Canada ............. 623,257,000 Co–operators General Insurance Co ....... 586,529,000 Wawanesa Mutual Insurance................... 502,007,000 RBC General Insurance ............................ 336,622,000 Northbridge Financial Corporation .......... 295,537,000 Ontario Mutual Insurance......................... 276,126,000 Jevco Insurance Company ...................... 227,340,000 Gore Mutual Insurance Company............ 180,245,000 CAA Insurance Company (Ontario) ........ 135,792,000 RBC Insurance Company Of Canada...... 118,445,000 Pembridge Insurance Company .............. 113,838,000 Echelon General Insurance ...................... 99,895,000 Guarantee Company Of North America .. 87,327,000 Pafco Insurance Company....................... 72,714,000 Unica Insurance ........................................ 68,774,000 Zurich Insurance Company Ltd ............... 68,440,000 Chubb Insurance Co of Canada .............. 63,214,000 Motors Insurance Corporation................. 59,026,000 SGI Canada Group ................................... 49,320,000 Old Republic Insurance Company........... 48,224,000 Cumis General Insurance ......................... 39,217,000 Arch Insurance (Canada) .......................... 38,884,000

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.

Chartis Insurance Co of Canada ............. Saskatchewan Mutual Insurance ............ Aviva Canada Inc ...................................... Northbridge Financial Corporation .......... Co–operators General Insurance Co ....... ACE INA Insurance .................................. Zurich Insurance Company Ltd ............... Intact Financial Corporation..................... RBC General Insurance ............................ RSA Canada Group .................................. CNA Canada ............................................. Motors Insurance Corporation................. Travelers Canada ...................................... Liberty Mutual Insurance.......................... Lloyd’s Underwriters ................................ American Road Insurance Company ...... XL Insurance ............................................. Chubb Insurance Co of Canada .............. SGI Canada Group ................................... Protective Insurance Company ............... Old Republic Insurance Company........... Arch Insurance (Canada) .......................... Mitsui Sumitomo Insurance ..................... Cumis General Insurance ......................... Hartford Fire Insurance ............................ The Dominion Of Canada ......................... Tokio Marine & Nichido Fire ..................... Everest Insurance Co of Canada ............. Economical Insurance .............................. Guarantee Company Of North America ..

Ontario

Manitoba 15,739,000 1,525,000 1,201,000 1,162,000 1,063,000 884,000 717,000 499,000 476,000 324,000 315,000 253,000 244,000 195,000 194,000 193,000 129,000 89,000 59,000 55,000 34,000 25,000 17,000 16,000 9,000 4,000 3,000 2,000 2,000 1,000

Saskatchewan 1. 2. 3. 4.

SGI Canada Group ................................... 134,960,000 Saskatchewan Mutual Insurance ............ 8,684,000 Co–operators General Insurance Co ....... 7,765,000 Aviva Canada Inc ...................................... 5,974,000

canadianunderwriter.ca CANADIAN UNDERWRITER STATISTICAL ISSUE 2013


Leading Companies In The Provinces Direct Written Premiums – AUTOMOBILE – 2012 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.

Northbridge Financial Corporation .......... Zurich Insurance Company Ltd ............... Lloyd’s Underwriters ................................ Portage La Prairie Mutual ........................ Intact Financial Corporation..................... ACE INA Insurance .................................. Travelers Canada ...................................... Chartis Insurance Co of Canada ............. Motors Insurance Corporation................. RSA Canada Group .................................. Liberty Mutual Insurance.......................... RBC General Insurance ............................ American Road Insurance Company ...... Mennonite Mutual Fire Insurance ............ CNA Canada ............................................. Chubb Insurance Co of Canada .............. The Dominion Of Canada ......................... Old Republic Insurance Company........... Cumis General Insurance ......................... Economical Insurance .............................. Hartford Fire Insurance ............................ Mitsui Sumitomo Insurance ..................... Protective Insurance Company ............... Tokio Marine & Nichido Fire ..................... 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................... TD Insurance, General Insurance ............ Co–operators General Insurance Co ....... Aviva Canada Inc ...................................... RSA Canada Group .................................. Alberta Motor Association ....................... Economical Insurance .............................. State Farm Insurance Company .............. Northbridge Financial Corporation .......... The Dominion Of Canada ......................... Allstate Insurance Co of Canada ............. Peace Hills General Insurance ................. Desjardins General Insurance Group ...... Canadian Direct Insurance....................... Zurich Insurance Company Ltd ............... RBC General Insurance ............................ SGI Canada Group ................................... Jevco Insurance Company ...................... Portage La Prairie Mutual ........................ Travelers Canada ...................................... ACE INA Insurance .................................. RBC Insurance Company Of Canada...... Liberty Mutual Insurance.......................... Pembridge Insurance Company .............. CNA Canada ............................................. Old Republic Insurance Company........... Chubb Insurance Co of Canada .............. Chartis Insurance Co of Canada ............. Lloyd’s Underwriters ................................

1. 2. 3. 4. 5. 6. 7. 8. 9. 10. 11. 12. 13. 14. 15. 16. 17. 18.

Economical Insurance .............................. RSA Canada Group .................................. Canadian Direct Insurance....................... Northbridge Financial Corporation .......... Intact Financial Corporation..................... Chartis Insurance Co of Canada ............. Zurich Insurance Company Ltd ............... Lloyd’s Underwriters ................................ RBC General Insurance ............................ Aviva Canada Inc ...................................... L’Unique Assurances Generales ............. Echelon General Insurance ...................... Liberty Mutual Insurance.......................... ACE INA Insurance .................................. The Dominion Of Canada ......................... CNA Canada ............................................. American Road Insurance Company ...... Travelers Canada ......................................

2,214,000 1,724,000 1,390,000 1,096,000 998,000 774,000 668,000 649,000 526,000 507,000 427,000 422,000 369,000 337,000 157,000 147,000 61,000 20,000 20,000 7,000 6,000 4,000 3,000 2,000 –2,000

Alberta 700,207,000 500,474,000 458,766,000 279,378,000 246,104,000 220,879,000 206,213,000 120,513,000 118,204,000 79,022,000 73,575,000 70,738,000 60,803,000 50,019,000 48,878,000 47,430,000 37,218,000 32,339,000 28,168,000 24,977,000 14,362,000 12,954,000 11,453,000 10,506,000 9,143,000 8,810,000 7,741,000 6,717,000 5,124,000 3,709,000

British Columbia 76,878,000 43,274,000 42,974,000 16,030,000 15,150,000 6,999,000 5,121,000 3,247,000 2,346,000 2,032,000 1,463,000 1,425,000 1,381,000 1,311,000 913,000 584,000 532,000 450,000

19. 20. 21. 22. 23. 24. 25. 26. 27. 28. 29. 30.

Motors Insurance Corporation................. Chubb Insurance Co of Canada .............. Old Republic Insurance Company........... Co–operators General Insurance Co ....... Tokio Marine & Nichido Fire ..................... XL Insurance ............................................. Hartford Fire Insurance ............................ Mitsui Sumitomo Insurance ..................... Protective Insurance Company ............... Federal Insurance Company .................... SGI Canada Group ................................... Cumis General Insurance .........................

421,000 275,000 103,000 97,000 87,000 54,000 51,000 39,000 27,000 10,000 10,000 6,000

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.

TD Insurance, General Insurance ............ Wawanesa Mutual Insurance................... Aviva Canada Inc ...................................... Co–operators General Insurance Co ....... RSA Canada Group .................................. Intact Financial Corporation..................... Peace Hills General Insurance ................. Chartis Insurance Co of Canada ............. The Dominion Of Canada ......................... Desjardins General Insurance Group ...... Northbridge Financial Corporation .......... Travelers Canada ...................................... Zurich Insurance Company Ltd ............... RBC General Insurance ............................ Lloyd’s Underwriters ................................ Economical Insurance .............................. ACE INA Insurance .................................. State Farm Insurance Company .............. Allstate Insurance Co of Canada ............. Arch Insurance (Canada) .......................... Jevco Insurance Company ...................... CNA Canada ............................................. Old Republic Insurance Company........... RBC Insurance Company Of Canada...... Liberty Mutual Insurance.......................... Gore Mutual Insurance Company............ Guarantee Company Of North America .. SGI Canada Group ................................... Pembridge Insurance Company .............. American Road Insurance Company ......

6,422,000 4,504,000 3,834,000 3,268,000 2,671,000 2,028,000 952,000 853,000 564,000 458,000 438,000 301,000 290,000 240,000 202,000 134,000 114,000 97,000 52,000 45,000 37,000 32,000 32,000 27,000 25,000 21,000 16,000 14,000 12,000 11,000

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 .................................. Intact Financial Corporation..................... Aviva Canada Inc ...................................... Travelers Canada ...................................... TD Insurance, General Insurance ............ Northbridge Financial Corporation .......... The Dominion Of Canada ......................... Wawanesa Mutual Insurance................... Co–operators General Insurance Co ....... Zurich Insurance Company Ltd ............... RBC General Insurance ............................ Desjardins General Insurance Group ...... Peace Hills General Insurance ................. Economical Insurance .............................. State Farm Insurance Company .............. Allstate Insurance Co of Canada ............. Arch Insurance (Canada) .......................... CNA Canada ............................................. Jevco Insurance Company ...................... Old Republic Insurance Company........... ACE INA Insurance .................................. Gore Mutual Insurance Company............ RBC Insurance Company Of Canada...... Pembridge Insurance Company .............. Chartis Insurance Co of Canada ............. Guarantee Company Of North America .. SGI Canada Group ................................... Liberty Mutual Insurance.......................... XL Insurance ............................................. Canadian Direct Insurance.......................

1,320,000 818,000 507,000 347,000 343,000 213,000 195,000 134,000 131,000 120,000 116,000 109,000 108,000 107,000 105,000 61,000 29,000 23,000 22,000 21,000 21,000 21,000 15,000 14,000 13,000 13,000 12,000 9,000 8,000 6,000

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 2013

Intact Financial Corporation..................... TD Insurance, General Insurance ............ Aviva Canada Inc ...................................... Co–operators General Insurance Co ....... RSA Canada Group .................................. Desjardins General Insurance Group ...... Northbridge Financial Corporation .......... The Dominion Of Canada ......................... Zurich Insurance Company Ltd ............... Peace Hills General Insurance ................. Wawanesa Mutual Insurance................... State Farm Insurance Company .............. Economical Insurance .............................. Travelers Canada ...................................... RBC General Insurance ............................ Allstate Insurance Co of Canada ............. ACE INA Insurance .................................. CNA Canada ............................................. RBC Insurance Company Of Canada...... Gore Mutual Insurance Company............ Arch Insurance (Canada) .......................... Pembridge Insurance Company .............. Jevco Insurance Company ...................... Old Republic Insurance Company........... Guarantee Company Of North America .. SGI Canada Group ................................... Motors Insurance Corporation................. American Road Insurance Company ...... Liberty Mutual Insurance.......................... Chartis Insurance Co of Canada .............

4,989,000 4,456,000 3,706,000 2,236,000 2,216,000 1,036,000 647,000 569,000 518,000 507,000 390,000 321,000 317,000 286,000 261,000 200,000 173,000 87,000 68,000 58,000 54,000 47,000 43,000 37,000 33,000 31,000 31,000 30,000 28,000 27,000 63


2012 LEADING COMPANIES — DIRECT WRITTEN BASIS Aircraft

Boiler & Machinery - excld

% of Market

% of Market

2012 D.W.P.

Fidelity

2012 D.W.P.

% of Market

2012 D.W.P.

1. Allianz Global Risks US .....................

22.78

46,819,000

1. RSA Canada Group ...........................

16.14

59,277,000

1. Chubb Insurance Co of Canada .........

19.12

21,328,000

2. Lloyd’s Underwriters .........................

19.42

39,913,000

2. Factory Mutual Insurance Company ..

14.80

54,381,000

2. Guarantee Co Of North America ........

15.65

17,458,000

3. Swiss Reinsurance Group .................

18.21

37,421,000

3. Intact Financial Corporation ..............

11.63

42,744,000

3. Chartis Insurance Co of Canada ........

10.99

12,258,000

4. Munich Reinsurance Cda Group ........

16.16

33,203,000

4. Aviva Canada Inc ..............................

7.85

28,849,000

4. Lloyd’s Underwriters .........................

9.58

10,682,000

5. Northbridge Financial Corporation .....

7.52

15,455,000

5. Lloyd’s Underwriters .........................

7.35

26,992,000

5. Travelers Canada ..............................

9.53

10,632,000

6. XL Insurance.....................................

5.77

11,866,000

6. Boiler Inspection & Insurance Co.......

7.12

26,145,000

6. Liberty Mutual Insurance ..................

6.20

6,915,000

7. Mitsui Sumitomo Insurance ..............

3.03

6,230,000

7. Zurich Insurance Company Ltd .........

7.01

25,766,000

7. Cumis General Insurance ..................

5.38

5,998,000

8. Intact Financial Corporation ..............

2.82

5,788,000

8. Travelers Canada ..............................

4.76

17,480,000

8. RSA Canada Group ...........................

4.03

4,500,000

9. ACE INA Insurance ...........................

1.96

4,035,000

9. Economical Insurance .......................

3.15

11,562,000

9. Desjardins General Insurance Group .

2.24

2,497,000

10. Chartis Insurance Co of Canada ........

1.02

2,089,000

10. Chartis Insurance Co of Canada ........

2.78

10,231,000

10. Trisura Guarantee Insurance .............

2.16

2,410,000

11. Aspen Insurance UK Limited .............

0.68

1,405,000

11. Co–operators General Insurance Co ..

2.23

8,196,000

11. Northbridge Financial Corporation .....

2.15

2,403,000

12. Liberty Mutual Insurance ..................

0.37

765,000

12. Affiliated FM Insurance .....................

2.14

7,872,000

12. Great American Insurance.................

1.83

2,047,000

13. Berkley Insurance Company..............

0.23

480,000

13. The Dominion Of Canada ..................

1.83

6,722,000

13. Economical Insurance .......................

1.79

1,993,000

14. SGI Canada Group.............................

0.03

67,000

14. Allianz Global Risks US .....................

1.80

6,598,000

14. Intact Financial Corporation ..............

1.52

1,697,000

15. RSA Canada Group ...........................

–0.00

–7,000

15. Northbridge Financial Corporation .....

1.59

5,857,000

15. Zurich Insurance Company Ltd .........

1.29

1,435,000

16. Arch Insurance (Canada) ...................

–0.01

–13,000

16. Chubb Insurance Co of Canada .........

1.56

5,733,000

16. Co–operators General Insurance Co ..

1.22

1,360,000

205,516,000

17. Swiss Reinsurance Group .................

1.12

4,097,000

17. The Dominion Of Canada ..................

1.10

1,227,000

18. Gore Mutual Insurance Company ......

0.97

3,546,000

18. Ontario School Board’s Insurance .....

0.89

993,000

19. Desjardins General Insurance Group .

0.74

2,715,000

19. ACE INA Insurance ...........................

0.83

926,000

20. Wawanesa Mutual Insurance ............

0.69

2,524,000

20. Aviva Canada Inc ..............................

0.82

916,000

21. SGI Canada Group.............................

0.53

1,934,000

21. CNA Canada .....................................

0.73

811,000

22. CNA Canada .....................................

0.43

1,572,000

22. SGI Canada Group.............................

0.35

393,000

23. Wynward Insurance Group ................

0.38

1,388,000

23. Berkley Insurance Company..............

0.23

253,000

24. Munich Reinsurance Cda Group ........

0.30

1,085,000

24. Mitsui Sumitomo Insurance ..............

0.11

125,000

25. Le Groupe Estrie–Richelieu ...............

0.14

532,000

25. Tokio Marine & Nichido Fire ..............

0.05

59,000

26. Optimum General Inc ........................

0.13

486,000

26. Sompo Japan Insurance Inc ..............

0.04

49,000

2012 D.W.P.

27. Cumis General Insurance ..................

0.11

415,000

27. Triton Insurance................................

0.03

34,000

28. North Waterloo Farmers Mutual ........

0.11

391,000

28. Optimum General Inc ........................

0.03

33,000

TOTAL ..............................................

Mortgage % of Market 1. FCT................................................... 100.00

2012 D.W.P. 14,643,000

TOTAL ..............................................

14,643,000

Marine % of Market 1. Lloyd’s Underwriters .........................

17.42

59,436,000

29. Mitsui Sumitomo Insurance ..............

0.10

383,000

29. Ontario Mutual Insurance ..................

0.03

28,000

2. RSA Canada Group ...........................

14.93

50,931,000

30. Ontario School Board’s Insurance .....

0.10

363,000

30. Hartford Fire Insurance .....................

0.03

28,000

3. Aviva Canada Inc ..............................

10.59

36,131,000

31. Trisura Guarantee Insurance .............

0.08

312,000

31. Wynward Insurance Group ................

0.03

28,000

4. CNA Canada .....................................

10.46

35,694,000

32. Mennonite Mutual Fire Insurance ......

0.06

216,000

32. Saskatchewan Mutual Insurance ......

0.02

21,000

5. Northbridge Financial Corporation .....

9.45

32,245,000

33. Great American Insurance.................

0.04

157,000

33. Federal Insurance Company..............

0.02

17,000

6. Intact Financial Corporation ..............

8.82

30,078,000

34. Promutuel Reassurance ....................

0.04

150,000

34. Western Surety Company..................

0.00

7. Travelers Canada ..............................

4.87

16,600,000

35. Mutual Fire Insurance Co of BC .........

0.04

139,000

TOTAL ..............................................

8. Allianz Global Risks US .....................

4.58

15,619,000

36. Saskatchewan Mutual Insurance ......

0.03

112,000

9. ACE INA Insurance ...........................

3.28

11,190,000

37. Tokio Marine & Nichido Fire ..............

0.03

104,000

10. Chartis Insurance Co of Canada ........

3.23

11,019,000

38. Ontario Mutual Insurance ..................

0.03

98,000

0.02

79,000

5,000 111,559,000

Credit % of Market

2012 D.W.P.

11. Co–operators General Insurance Co ..

2.29

7,796,000

39. Berkley Insurance Company..............

12. Zurich Insurance Company Ltd .........

2.24

7,632,000

40. Guarantee Co Of North America ........

0.02

71,000

13. Pacific Coast Fishermen’s Mutual .....

1.83

6,252,000

41. Sompo Japan Insurance Inc ..............

0.02

57,000

1. Euler Hermes North America Insurance

65.50

40,549,000

14. Liberty Mutual Insurance ..................

1.71

5,831,000

42. Hartford Fire Insurance .....................

0.01

39,000

2. Atradius Credit Insurance N.V ...........

19.57

12,117,000

0.00

6,000

3. Chartis Insurance Co of Canada ........

13.08

8,100,000

367,376,000

4. Guarantee Co Of North America ........

3.12

1,932,000

15. Great American Insurance.................

1.33

4,552,000

43. Federal Insurance Company..............

16. Chubb Insurance Co of Canada .........

0.90

3,056,000

TOTAL ..............................................

17. XL Insurance.....................................

0.51

1,736,000

18. Affiliated FM Insurance .....................

0.45

1,546,000

19. Berkley Insurance Company..............

0.36

1,242,000

20. Mitsui Sumitomo Insurance ..............

0.28

969,000

21. Tokio Marine & Nichido Fire ..............

0.25

838,000

22. Sompo Japan Insurance Inc ..............

0.11

367,000

23. Nipponkoa Insurance Co Ltd .............

0.05

165,000

24. Associated Electric & Gas Ins Services .

0.04

135,000

25. Aspen Insurance UK Limited .............

0.02

55,000

TOTAL ..............................................

341,115,000

Credit Protection % of Market

Boiler & Machinery - equip % of Market 1. Trisura Guarantee Insurance .............

2012 D.W.P.

49.37

5,972,000

2. Intact Financial Corporation ..............

43.56

5,270,000

3. Echelon General Insurance................

4.82

583,000

2.25

4. Lloyd’s Underwriters .........................

2. Legacy General Insurance.................

42.25

9,272,000

TOTAL ..............................................

64

% of Market 1. La Capitale Assurances Gen Inc ........

12,672,000

144,000

–1.51

–937,000

TOTAL ..............................................

61,905,000

Hail % of Market

2012 D.W.P.

1. Co–operative Hail Ins Co Ltd .............

72.88

52,562,000

2. ACE INA Insurance ...........................

15.19

10,959,000

3. Northbridge Financial Corporation .....

11.28

8,137,000

4. Intact Financial Corporation ..............

0.22

160,000

5. North Waterloo Farmers Mutual ........

0.22

157,000

6. Ontario Mutual Insurance ..................

0.21

9,006,000

2012 D.W.P.

57.75

0.23

6. Lloyd’s Underwriters .........................

9,006,000

Legal Expense

1. Arch Insurance (Canada) ................... TOTAL ..............................................

100.00

TOTAL ..............................................

2012 D.W.P.

5. Echelon General Insurance................

TOTAL ..............................................

150,000 72,125,000

272,000 12,097,000

21,944,000

canadianunderwriter.ca CANADIAN UNDERWRITER STATISTICAL ISSUE 2013


2012 LEADING COMPANIES — DIRECT WRITTEN BASIS Liability

Other Approved Products

Liability (continued)

% of Market

2012 D.W.P.

1. Zurich Insurance Company Ltd .........

88.44

436,000

2. Corepoint Insurance..........................

10.55

52,000

1,137,000

3. Great American Insurance.................

1.01

0.02

1,118,000

TOTAL ..............................................

66. Antigonish Farmers’ Mutual ..............

0.02

859,000

67. Clare Mutual Insurance Company .....

0.01

420,000

248,038,000

68. Fundy Mutual Insurance....................

0.01

376,000

4.42

221,756,000

69. Nipponkoa Insurance Co Ltd .............

0.00

189,000

8. Chubb Insurance Co of Canada .........

4.38

219,989,000

70. T.H.E. Insurance Company ................

0.00

142,000

% of Market

2012 D.W.P.

63. Kings Mutual Insurance Company .....

0.02

1,206,000

558,003,000

64. Promutuel Reassurance ....................

0.02

7.02

352,393,000

65. Mennonite Mutual Fire Insurance ......

4. Chartis Insurance Co of Canada ........

6.79

340,514,000

5. Zurich Insurance Company Ltd .........

6.07

304,347,000

6. RSA Canada Group ...........................

4.94

7. Northbridge Financial Corporation .....

% of Market

2012 D.W.P.

1. Lloyd’s Underwriters .........................

16.17

811,511,000

2. Intact Financial Corporation ..............

11.12

3. Aviva Canada Inc ..............................

9. Co–operators General Insurance Co ..

3.78

189,556,000

71. Federal Insurance Company..............

0.00

130,000

10. Economical Insurance .......................

3.07

154,114,000

72. SSQ, Societe D’Assurances Gen........

–0.00

–22,000

11. CNA Canada .....................................

2.74

137,560,000

73. Industrielle Alliance Compagnie ........

–0.00

–30,000

12. Liberty Mutual Insurance ..................

2.31

115,920,000

TOTAL ..............................................

13. Lawyers’ Professional Indemnity .......

2.09

104,764,000

14. ACE INA Insurance ...........................

2.08

104,485,000

15. Travelers Canada ..............................

1.97

98,791,000

16. The Dominion Of Canada ..................

1.68

84,318,000

17. Motors Insurance Corporation ...........

1.65

82,772,000

18. Munich Reinsurance Cda Group ........

1.60

19. XL Insurance..................................... 20. Ontario Mutual Insurance ..................

5,018,058,000

Title % of Market

80,518,000

% of Market 1. Intact Financial Corporation .............. 17.41

2012 D.W.P. 84,639,000

1.57

78,948,000

2. Guarantee Co Of North America ........

14.57

1.19

59,535,000

3. Travelers Canada ..............................

14.06

21. Guarantee Co Of North America ........

1.00

50,073,000

4. Aviva Canada Inc ..............................

13.47

22. State Farm Insurance Company ........

0.96

48,086,000

5. Zurich Insurance Company Ltd .........

23. Allianz Global Risks US .....................

0.94

47,301,000

24. Swiss Reinsurance Group .................

0.86

25. SGI Canada Group.............................

2012 D.W.P.

1. FCT...................................................

49.59

96,068,000

2. Stewart Title Guaranty Company .......

47.36

91,741,000

3. Lawyers’ Professional Indemnity .......

3.05

5,912,000

4. Travelers Canada ..............................

0.00

TOTAL ..............................................

Surety

5,000 493,000

1,000 193,722,000

Accident & Sickness

70,810,000

% of Market 1. RBC Insurance Company Of Canada.. 34.31

2012 D.W.P. 196,995,000

68,355,000

2. RSA Canada Group ...........................

18.42

105,740,000

65,482,000

3. Chartis Insurance Co of Canada ........

17.85

102,515,000

6.55

31,844,000

4. Lloyd’s Underwriters .........................

7.92

45,477,000

6. Trisura Guarantee Insurance .............

5.91

28,712,000

5. Allianz Global Risks US .....................

7.28

41,816,000

43,300,000

7. Jevco Insurance Company ................

5.78

28,077,000

6. Triton Insurance................................

5.43

31,155,000

0.84

42,111,000

8. Western Surety Company..................

4.42

21,483,000

7. CAA Insurance Company (Ontario)....

2.38

13,643,000

26. Wawanesa Mutual Insurance ............

0.76

37,969,000

9. L’Unique Assurances Generales ........

2.65

12,900,000

8. Chubb Insurance Co of Canada .........

1.91

10,939,000

27. Arch Insurance (Canada) ...................

0.72

36,237,000

10. Co–operators General Insurance Co ..

2.30

11,198,000

9. Legacy General Insurance.................

1.40

8,058,000

28. Berkley Insurance Company..............

0.72

36,222,000

11. CNA Canada .....................................

2.13

10,365,000

10. Echelon General Insurance................

1.29

7,410,000

29. Trisura Guarantee Insurance .............

0.49

24,461,000

12. Chubb Insurance Co of Canada .........

2.04

9,904,000

11. ACE INA Insurance ...........................

1.14

6,518,000

30. XL Re America Inc – Cdn Branch ......

0.45

22,785,000

13. ACE INA Insurance ...........................

1.99

9,652,000

12. Alberta Motor Association .................

0.21

1,195,000

31. Ontario School Board’s Insurance .....

0.45

22,727,000

14. Chartis Insurance Co of Canada ........

1.62

7,885,000

13. Co–operators General Insurance Co ..

0.13

755,000

32. Desjardins General Insurance Group .

0.45

22,536,000

15. Liberty Mutual Insurance ..................

1.31

6,390,000

14. Aviva Canada Inc ..............................

0.13

733,000

33. Gore Mutual Insurance Company ......

0.45

22,364,000

16. Northbridge Financial Corporation .....

1.01

4,922,000

15. Everest Insurance Co of Canada........

0.08

481,000

34. Aspen Insurance UK Limited .............

0.40

19,836,000

17. SGI Canada Group.............................

0.94

4,562,000

16. Guarantee Co Of North America ........

0.05

294,000

35. Great American Insurance.................

0.36

18,035,000

18. The Dominion Of Canada ..................

0.54

2,638,000

17. Ontario Mutual Insurance ..................

0.05

285,000

36. Everest Insurance Co of Canada........

0.35

17,313,000

19. Berkley Insurance Company..............

0.50

2,450,000

18. Cumis General Insurance ..................

0.04

227,000

37. Optimum General Inc ........................

0.28

14,177,000

20. Economical Insurance .......................

0.42

2,065,000

19. Northbridge Financial Corporation .....

0.01

65,000

38. Wynward Insurance Group ................

0.26

13,034,000

21. Aspen Insurance UK Limited .............

0.12

577,000

20. SGI Canada Group.............................

0.01

50,000

39. Associated Electric & Gas Ins Services .

0.25

12,549,000

22. Desjardins General Insurance Group .

0.08

382,000

21. Gore Mutual Insurance Company ......

0.01

40,000

40. Jevco Insurance Company ................

0.23

11,291,000

23. La Capitale Assurances Gen Inc ........

0.05

234,000

22. North Waterloo Farmers Mutual ........

0.00

11,000

41. Echelon General Insurance................

0.17

8,669,000

24. Wynward Insurance Group ................

0.04

181,000

23. Mennonite Mutual Fire Insurance ......

0.00

3,000

42. TD Insurance, General Insurance ......

0.17

8,431,000

25. Echelon General Insurance................

0.02

102,000

24. Intact Financial Corporation ..............

–0.04

–201,000

43. Portage La Prairie Mutual..................

0.15

7,703,000

26. State Farm Insurance Company ........

0.02

89,000

TOTAL ..............................................

44. Cumis General Insurance ..................

0.14

7,128,000

27. RSA Canada Group ...........................

0.02

77,000

45. Unica Insurance ................................

0.12

6,173,000

28. XL Insurance.....................................

0.01

44,000

46. Saskatchewan Mutual Insurance ......

0.11

5,307,000

29. Great American Insurance.................

0.01

27,000

47. La Capitale Assurances Gen Inc ........

0.10

5,243,000

30. Promutuel Reassurance ....................

0.00

8,000

48. The Mearie Group .............................

0.10

5,222,000

31. Hartford Fire Insurance .....................

0.00

7,000

49. North Waterloo Farmers Mutual ........

0.10

5,139,000

32. Cumis General Insurance ..................

0.00

4,000

50. Mitsui Sumitomo Insurance ..............

0.10

4,978,000

33. Optimum General Inc ........................

0.00

2,000

51. Le Groupe Estrie–Richelieu ...............

0.09

4,703,000

34. Gore Mutual Insurance Company ......

0.00

52. Hartford Fire Insurance .....................

0.09

4,515,000

53. Mutual Fire Insurance Co of BC .........

0.08

4,133,000

54. Old Republic Insurance Company......

0.08

4,122,000

55. Red River Mutual ..............................

0.08

3,794,000

56. Tokio Marine & Nichido Fire ..............

0.07

3,395,000

57. PEI Mutual Insurance Company.........

0.06

2,943,000

58. L’Unique Assurances Generales ........

0.05

2,730,000

59. Omega General Insurance.................

0.05

2,541,000

60. RBC General Insurance .....................

0.04

2,152,000

61. Canadian Direct Insurance ................

0.03

1,689,000

62. Sompo Japan Insurance Inc ..............

0.03

1,584,000

CANADIAN UNDERWRITER STATISTICAL ISSUE 2013

TOTAL ..............................................

574,204,000

1,000 486,068,000

65


2012

SUMMARY RESULTS BY NATIONALITY OF COMPANY IN CANADA

✦✦✦

TOTAL INSURANCE Net Premiums Written $ 19,709,501,000 8,032,692,000 8,138,702,000 5,899,553,000

Net Premiums Earned $ 19,242,210,000 7,982,069,000 8,006,562,000 6,000,847,000

Net Claims and Adjusting Expenses $ 12,972,144,000 4,974,942,000 4,887,410,000 3,913,964,000

Earned Loss Ratio % 67.42 62.33 61.04 65.22

Total.............................. 41,780,448,000

41,231,688,000

26,748,460,000

64.87

Canadian ....................... Foreign .......................... U.K. ............................... U.S. ...............................

AUTOMOBILE INSURANCE Net Premiums Earned

Net Claims and Adjusting Expenses

Earned Loss Ratio

$ Canadian ....................... 11,022,631,000 Foreign .......................... 3,835,760,000 U.K. ............................... 3,121,823,000 U.S. ............................... 2,541,277,000

$ 10,776,825,000 3,800,746,000 3,086,602,000 2,536,602,000

$ 7,862,035,000 2,528,809,000 2,135,936,000 1,945,165,000

% 72.95 66.53 69.20 76.68

Total.............................. 20,521,491,000

20,200,775,000

14,471,945,000

71.64

Net Premiums Written

PROPERTY INSURANCE Net Premiums Written $ 6,758,592,000 3,055,983,000 2,968,513,000 1,821,174,000

Net Premiums Earned $ 6,559,243,000 3,005,982,000 2,890,345,000 1,818,000,000

Net Claims and Adjusting Expenses $ 4,095,837,000 1,992,182,000 1,660,855,000 1,147,025,000

Earned Loss Ratio % 62.44 66.27 57.46 63.09

Total.............................. 14,604,262,000

14,273,570,000

8,895,899,000

62.32

Canadian ....................... Foreign .......................... U.K. ............................... U.S. ...............................

REMAINING INSURANCE

66

Canadian ....................... Foreign .......................... U.K. ............................... U.S. ...............................

Net Premiums Written $ 1,928,278,000 1,140,949,000 2,048,366,000 1,537,102,000

Net Premiums Earned $ 1,906,142,000 1,175,341,000 2,029,615,000 1,646,245,000

Net Claims and Adjusting Expenses $ 1,014,272,000 453,951,000 1,090,619,000 821,774,000

Earned Loss Ratio % 53.21 38.62 53.74 49.92

Total..............................

6,654,695,000

6,757,343,000

3,380,616,000

50.03

canadianunderwriter.ca CANADIAN UNDERWRITER STATISTICAL ISSUE 2013


2012

SUMMARY RESULTS BY TYPE OF COMPANY IN CANADA

✦✦✦

TOTAL INSURANCE Net Premiums Written $

Brokerage .......................... Direct ................................. Reinsurance.......................

29,567,129,000 10,578,845,000 1,634,474,000

Total ..................................

41,780,448,000

Net Premiums Written %

70.77 25.32 3.91

Net Premiums Earned $

29,176,460,000 10,395,467,000 1,659,761,000

Net Premiums Earned %

Net Claims & Adj. Exps. $

Net Claims & Adj. Exps. %

Earned Loss Ratio %

70.76 25.21 4.03

18,774,280,000 6,936,197,000 1,037,983,000

70.19 25.93 3.88

64.35 66.72 62.54

41,231,688,000

26,748,460,000

64.87

AUTOMOBILE INSURANCE Net Premiums Written $

Brokerage .......................... Direct ................................. Reinsurance.......................

14,069,211,000 6,205,754,000 246,526,000

Total ..................................

20,521,491,000

Net Premiums Written %

68.56 30.24 1.20

Net Premiums Earned $

13,894,675,000 6,050,730,000 255,370,000

Net Premiums Earned %

Net Claims & Adj. Exps. $

Net Claims & Adj. Exps. %

Earned Loss Ratio %

68.78 29.95 1.26

9,971,492,000 4,374,802,000 125,651,000

68.90 30.23 0.87

71.76 72.30 49.20

20,200,775,000

14,471,945,000

71.64

PROPERTY INSURANCE Net Premiums Written $

Brokerage .......................... Direct ................................. Reinsurance.......................

10,426,622,000 3,257,057,000 920,583,000

Total ..................................

14,604,262,000

Net Premiums Written %

71.39 22.30 6.30

Net Premiums Earned $

10,175,272,000 3,185,939,000 912,359,000

Net Premiums Earned %

Net Claims & Adj. Exps. $

Net Claims & Adj. Exps. %

Earned Loss Ratio %

71.29 22.32 6.39

6,268,522,000 1,935,107,000 692,270,000

70.47 21.75 7.78

61.61 60.74 75.88

14,273,570,000

8,895,899,000

62.32

REMAINING INSURANCE Net Premiums Written $

Brokerage .......................... Direct ................................. Reinsurance.......................

5,071,296,000 1,116,034,000 467,365,000

Total ..................................

6,654,695,000

CANADIAN UNDERWRITER STATISTICAL ISSUE 2013

Net Premiums Written %

76.21 16.77 7.02

Net Premiums Earned $

5,106,513,000 1,158,798,000 492,032,000 6,757,343,000

Net Premiums Earned %

Net Claims & Adj. Exps. $

Net Claims & Adj. Exps. %

Earned Loss Ratio %

75.57 17.15 7.28

2,534,266,000 626,288,000 220,062,000

74.96 18.53 6.51

49.63 54.05 44.73

3,380,616,000

50.03

67


CANADIAN 2012 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

Abraham Andrew Hollenberg, President & Chief Executive Officer 1400-25 York St Toronto ON M5J 2V5 416-368-2911 Fax:416-594-3000 www.ace-canada.com

Class

Prop. - Personal ..................... Prop. - Commercial ................ Prop - Total ........................... Aircraft .................................... Auto. - Liability ....................... Auto. - Pers. Acc. ................... Auto. - Other........................... Auto - Total ............................ Boiler/Mach-excld .................. Fidelity .................................... Hail ......................................... Liability ................................... Surety ..................................... Marine..................................... Accident & Sickness............... Total 2012............................... Total 2011............................... Total 2010............................... Total 2009............................... Total 2008...............................

Net Prems Written

Net Prems Earned

51,000 59,705,000 59,756,000 827,000 35,366,000 230,000 17,576,000 53,172,000

229,000 54,911,000 55,140,000 940,000 33,045,000 249,000 17,637,000 50,931,000

927,000 91,000 84,874,000 10,305,000 7,428,000 3,516,000 ——————— 220,896,000 210,713,000 208,123,000 221,255,000 216,451,000

939,000 127,000 86,858,000 7,522,000 6,815,000 3,344,000 ——————— 212,616,000 208,000,000 212,380,000 222,921,000 220,740,000

Net Claims Incurred

94,000 61,094,000 61,188,000 423,000 38,297,000 –53,000 9,503,000 47,747,000 –146,000 46,000 17,000 57,040,000 290,000 5,853,000 370,000 ——————— 172,828,000 151,440,000 144,148,000 150,679,000 138,202,000

Claims Ratio

41.05 111.26 110.97 45.00 115.89 –21.29 53.88 93.75 0.00 4.90 13.39 65.67 3.86 85.88 11.06 ————— 81.29 72.81 67.87 67.59 62.61

2012 Direct Premiums Written: +319,583,000 2012 Underwriting Performance Summary Reinsurance Assumed......................... 34,940,000 Reinsurance Ceded ........................... 142,948,000 Net Premiums Written ....................... 220,896,000 Net Premiums Earned ....................... 212,616,000 Net Claims & Adj Exp ........................ 172,828,000 Commissions ....................................... 22,082,000 Taxes ................................................... 10,185,000 General Expenses ............................... 24,717,000 Undwrwtg. Profit/Loss....................... –17,196,000 Investment Income .............................. 29,915,000

Underwriting Result 2012: 2009:

–$17,196,000 +$24,675,000

2011: 2008:

Growth: 10.75% %

Growth Rate (NPW) .................................... 4.83 % of Market (NPW) .................................... 0.53 Earned Loss Ratio .................................... 81.29 Total Expense Ratio ................................. 26.80 Combined Loss & Exp. Ratio ................. 108.09 Return on Equity......................................... 0.93

+$129,000 +$30,894,000

2010:

AFFILIATED FM INSURANCE COMPANY

Prop. - Personal ..................... Prop. - Commercial ................ Prop - Total ........................... Boiler/Mach-excld .................. Liability ................................... Marine..................................... Total 2012............................... Total 2011............................... Total 2010............................... Total 2009............................... Total 2008...............................

Net Prems Written

Net Prems Earned

27,000 84,920,000 84,947,000 11,142,000

19,000 81,683,000 81,702,000 7,466,000

1,511,000 ——————— 97,600,000 82,822,000 76,948,000 65,091,000 49,064,000

1,439,000 ——————— 90,607,000 78,743,000 72,433,000 64,446,000 47,549,000

Net Claims Incurred

47,000 99,890,000 99,937,000 2,812,000 –1,647,000 1,616,000 ——————— 102,718,000 38,193,000 39,968,000 36,658,000 56,220,000

Claims Ratio

247.37 122.29 122.32 37.66 0.00 112.30 ————— 113.37 48.50 55.18 56.88 118.24

2012 Direct Premiums Written: +114,207,000 2012 Underwriting Performance Summary Reinsurance Assumed........................................... Reinsurance Ceded ............................. 24,757,000 Net Premiums Written ......................... 97,600,000 Net Premiums Earned ......................... 90,607,000 Net Claims & Adj Exp ........................ 102,718,000 Commissions ......................................... 3,541,000 Taxes ..................................................... 3,837,000 General Expenses ............................... 10,277,000 Undwrwtg. Profit/Loss....................... –29,776,000 Investment Income ................................ 7,017,000

Underwriting Result 2012: 2009:

–$29,776,000 +$10,476,000

2011: 2008:

+$13,117,000

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: 8.42% %

Growth Rate (NPW) .................................. 17.84 % of Market (NPW) .................................... 0.24 Earned Loss Ratio .................................. 113.37 Total Expense Ratio ................................. 19.49 Combined Loss & Exp. Ratio ................. 132.86 Return on Equity......................................... 9.82

+$24,386,000 –$18,799,000

2010:

+$16,698,000

ALBERTA MOTOR ASSOCIATION INSURANCE D-C Robert Katzell, Vice-President & Chief Operating Officer COMPANY 11220 109 St NW Edmonton AB T5G 2T6 780-341-7766 Fax:780-341-7890 www.amainsurance.ca Class

Prop. - Personal ..................... Prop. - Commercial ................ Prop - Total ........................... Auto. - Liability ....................... Auto. - Pers. Acc. ................... Auto. - Other........................... Auto - Total ............................ Accident & Sickness............... Total 2012............................... Total 2011............................... Total 2010............................... Total 2009............................... Total 2008...............................

68

Net Prems Written

55,830,000 2,385,000 58,215,000 95,487,000 9,312,000 96,520,000 201,319,000 1,119,000 ——————— 260,653,000 251,083,000 241,770,000 239,485,000 229,567,000

Net Prems Earned

53,919,000 2,402,000 56,321,000 92,107,000 9,277,000 95,627,000 197,011,000 1,066,000 ——————— 254,398,000 246,754,000 238,785,000 236,060,000 218,607,000

Net Claims Incurred

45,424,000 819,000 46,243,000 88,166,000 8,016,000 51,081,000 147,263,000 336,000 ——————— 193,842,000 191,970,000 165,314,000 165,448,000 158,165,000

Claims Ratio

84.24 34.10 82.11 95.72 86.41 53.42 74.75 31.52 ————— 76.20 77.80 69.23 70.09 72.35

2012 Direct Premiums Written: +272,043,000 2012 Underwriting Performance Summary Reinsurance Assumed........................................... Reinsurance Ceded ............................. 11,390,000 Net Premiums Written ....................... 260,653,000 Net Premiums Earned ....................... 254,398,000 Net Claims & Adj Exp ........................ 193,842,000 Commissions ....................................... 30,554,000 Taxes ..................................................... 8,066,000 General Expenses ............................... 29,528,000 Undwrwtg. Profit/Loss.............................. 127,000 Investment Income .............................. 18,721,000

Underwriting Result 2012: 2009:

+$127,000 +$16,054,000

2011: 2008:

Growth: 4.75% %

Growth Rate (NPW) .................................... 3.81 % of Market (NPW) .................................... 0.63 Earned Loss Ratio .................................... 76.20 Total Expense Ratio ................................. 26.79 Combined Loss & Exp. Ratio ................. 102.99 Return on Equity....................................... 10.47

–$746,000 +$11,245,000

2010:

+$18,319,000

canadianunderwriter.ca CANADIAN UNDERWRITER STATISTICAL ISSUE 2013


in harmony, ACE insures progress

Property & Casualty | Accident & Health | Life

It takes the right people, a strong balance sheet, worldwide capabilities and a flexible approach to understand the delicate balance between industry and the environment. These are the strengths of ACE and our innovative environmental liability insurance. We take on the responsibility of your risks so that you can take on the responsibility of making things happen. We call this insuring progress. Visit us at www.ace-ina-canada.com.

Š 2010


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

Prop. - Commercial ................ Prop - Total ........................... Aircraft .................................... Auto. - Liability ....................... Auto. - Pers. Acc. ................... Auto. - Other........................... Auto - Total ............................ Boiler/Mach-excld .................. Liability ................................... Marine..................................... Accident & Sickness............... Total 2012............................... Total 2011............................... Total 2010............................... Total 2009............................... Total 2008...............................

Net Prems Written

Net Prems Earned

74,874,000 74,874,000 40,019,000

80,702,000 80,702,000 39,275,000

1,078,000 1,078,000 8,450,000 36,165,000 13,799,000

1,557,000 1,557,000 8,119,000 34,435,000 13,873,000

——————— 174,385,000 167,156,000 169,676,000 143,586,000 130,462,000

——————— 177,961,000 163,711,000 157,041,000 132,687,000 79,940,000

Net Claims Incurred

53,466,000 53,466,000 21,071,000 –177,000 566,000 947,000 1,336,000 –242,000 60,988,000 13,324,000 730,000 ——————— 150,673,000 138,425,000 111,143,000 92,957,000 40,293,000

Claims Ratio

66.25 66.25 53.65 0.00 0.00 60.82 85.81 –2.98 177.11 96.04 0.00 ————— 84.67 84.55 70.77 70.06 50.40

2012 Direct Premiums Written: +267,456,000 2012 Underwriting Performance Summary Reinsurance Assumed......................... 35,618,000 Reinsurance Ceded ........................... 130,424,000 Net Premiums Written ....................... 174,385,000 Net Premiums Earned ....................... 177,961,000 Net Claims & Adj Exp ........................ 150,673,000 Commissions ....................................... 11,468,000 Taxes ..................................................... 8,624,000 General Expenses ............................... 21,116,000 Undwrwtg. Profit/Loss....................... –13,920,000 Investment Income .............................. 15,002,000

Underwriting Result 2012: 2009:

–$13,920,000 +$14,738,000

2011: 2008:

Growth: 7.62% %

Growth Rate (NPW) .................................... 4.32 % of Market (NPW) .................................... 0.42 Earned Loss Ratio .................................... 84.67 Total Expense Ratio ................................. 23.16 Combined Loss & Exp. Ratio ................. 107.83 Return on Equity......................................... 0.64

–$1,574,000 +$27,798,000

2010:

ALLSTATE INSURANCE COMPANY OF CANADA

+$15,441,000

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

Prop. - Personal ..................... Prop. - Commercial ................ Prop - Total ........................... Auto. - Liability ....................... Auto. - Pers. Acc. ................... Auto. - Other........................... Auto - Total ............................ Liability ................................... Total 2012............................... Total 2011............................... Total 2010............................... Total 2009............................... Total 2008...............................

Net Prems Written

Net Prems Earned

232,011,000

222,763,000

232,011,000 400,593,000 226,174,000 182,228,000 808,995,000

222,763,000 381,463,000 210,911,000 176,255,000 768,629,000

——————— 1,041,006,000 941,720,000 618,365,000 548,775,000 544,411,000

——————— 991,392,000 882,274,000 577,775,000 540,781,000 540,442,000

Net Claims Incurred

137,827,000 –324,000 137,503,000 260,896,000 100,659,000 122,664,000 484,219,000 –323,000 ——————— 621,399,000 609,557,000 393,174,000 380,705,000 397,776,000

Claims Ratio

61.87 0.00 61.73 68.39 47.73 69.59 63.00 0.00 ————— 62.68 69.09 68.05 70.40 73.60

2012 Direct Premiums Written: +1,054,584,000 2012 Underwriting Performance Summary Reinsurance Assumed........................................... Reinsurance Ceded ............................. 13,578,000 Net Premiums Written .................... 1,041,006,000 Net Premiums Earned ....................... 991,392,000 Net Claims & Adj Exp ........................ 621,399,000 Commissions ....................................... 86,381,000 Taxes ................................................... 32,248,000 General Expenses ............................. 161,873,000 Undwrwtg. Profit/Loss....................... 112,996,000 Investment Income .............................. 77,921,000

Underwriting Result 2012: 2009:

+$112,996,000 –$12,365,000

2011: 2008:

Growth: 10.31% %

Growth Rate (NPW) .................................. 10.54 % of Market (NPW) .................................... 2.51 Earned Loss Ratio .................................... 62.68 Total Expense Ratio ................................. 28.29 Combined Loss & Exp. Ratio ................... 90.97 Return on Equity....................................... 21.89

+$36,022,000 –$63,047,000

2010:

AMERICAN ROAD INSURANCE COMPANY

D-US

Colleen Sexsmith, Chief Agent 1145 Nicholson Rd., Unit 2 Newmarket ON L3Y 9C3 905-853-0858 Fax:905-853-0183

Class

Auto. - Other........................... Auto - Total ............................ Total 2012............................... Total 2011............................... Total 2010............................... Total 2009............................... Total 2008...............................

Net Prems Written

6,697,000 6,697,000 ——————— 6,697,000 6,470,000 5,886,000 5,005,000 6,853,000

Net Prems Earned

6,697,000 6,697,000 ——————— 6,697,000 6,470,000 5,886,000 5,005,000 6,853,000

Net Claims Incurred

6,708,000 6,708,000 ——————— 6,708,000 6,376,000 5,934,000 2,534,000 4,136,000

Claims Ratio

100.16 100.16 ————— 100.16 98.55 100.82 50.63 60.35

2012 Direct Premiums Written: +6,697,000 2012 Underwriting Performance Summary Reinsurance Assumed........................................... Reinsurance Ceded ............................................... Net Premiums Written ........................... 6,697,000 Net Premiums Earned ........................... 6,697,000 Net Claims & Adj Exp ............................ 6,708,000 Commissions ......................................................... Taxes ........................................................ 266,000 General Expenses .................................... 491,000 Undwrwtg. Profit/Loss............................ –768,000 Investment Income ................................... 575,000

Underwriting Result 2012: 2009:

70

–$768,000 +$1,797,000

2011: 2008:

+$19,080,000

Growth: 3.51% %

Growth Rate (NPW) .................................... 3.51 % of Market (NPW) .................................... 0.02 Earned Loss Ratio .................................. 100.16 Total Expense Ratio ................................... 0.00 Combined Loss & Exp. Ratio ..................... 0.00 Return on Equity......................................... 0.02

–$577,000 +$1,838,000

2010:

–$713,000

canadianunderwriter.ca CANADIAN UNDERWRITER STATISTICAL ISSUE 2013


ANTIGONISH FARMERS’ MUTUAL W.J. Chisholm, Manager INSURANCE COMPANY 188 Main St.

D-C

Antigonish NS B2G 2B9 902-863-3544 Fax:902-863-0664 www.antigonish-mutual.com wjc@antigonish-mutual.com

Net Prems Written

Class

Prop. - Personal ..................... Prop - Total ........................... Liability ................................... Total 2012............................... Total 2010............................... Total 2009............................... Total 2008...............................

3,870,000 3,870,000 424,000 ——————— 4,294,000 3,633,000 3,274,000 3,042,000

Net Prems Earned

3,689,000 3,689,000 393,000 ——————— 4,082,000 3,435,000 3,281,000 3,067,000

Net Claims Incurred

1,266,000 1,266,000 623,000 ——————— 1,889,000 2,589,000 1,672,000 1,483,000

Claims Ratio

34.32 34.32 158.52 ————— 46.28 75.37 50.96 48.35

2012 Direct Premiums Written: +5,388,000 2012 Underwriting Performance Summary Reinsurance Assumed........................................... Reinsurance Ceded ............................... 1,094,000 Net Premiums Written ........................... 4,294,000 Net Premiums Earned ........................... 4,082,000 Net Claims & Adj Exp ............................ 1,889,000 Commissions ............................................ 714,000 Taxes ........................................................ 133,000 General Expenses ................................. 1,002,000 Undwrwtg. Profit/Loss.............................. 487,000 Investment Income ..................................... 66,000

Underwriting Result 2012:

+$487,000

2010:

Growth: 0.00% %

Growth Rate (NPW) .................................... 0.00 % of Market (NPW) .................................... 0.01 Earned Loss Ratio .................................... 46.28 Total Expense Ratio ................................. 45.30 Combined Loss & Exp. Ratio ................... 91.58 Return on Equity......................................... 4.89

–$1,028,000

2009:

–$130,000

ARCH INSURANCE (CANADA)

B-F

Gerry Wolfe, President and 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

Prop. - Personal ..................... Prop. - Commercial ................ Prop - Total ........................... Aircraft .................................... Auto. - Liability ....................... Auto. - Pers. Acc. ................... Auto. - Other........................... Auto - Total ............................ Credit Protection .................... Liability ................................... Surety ..................................... Marine..................................... Accident & Sickness............... Total 2012............................... Total 2011............................... Total 2010............................... Total 2009............................... Total 2008...............................

Net Prems Written

Net Prems Earned

4,548,000 31,418,000 35,966,000 –13,000 3,125,000 3,037,000 2,468,000 8,630,000 11,095,000 25,742,000 1,309,000

2,780,000 30,398,000 33,178,000 –13,000 3,514,000 3,157,000 2,684,000 9,355,000 7,370,000 24,881,000 297,000

——————— 82,729,000 69,286,000 53,806,000 36,494,000 23,938,000

——————— 75,068,000 62,484,000 44,227,000 32,147,000 22,498,000

Net Claims Incurred

403,000 36,620,000 37,023,000 –205,000 1,525,000 2,382,000 908,000 4,815,000 5,355,000 19,174,000 221,000 –8,000 –20,000 ——————— 66,355,000 46,972,000 23,311,000 17,658,000 14,570,000

Claims Ratio

14.50 120.47 111.59 1,576.92 43.40 75.45 33.83 51.47 72.66 77.06 74.41 0.00 0.00 ————— 88.39 75.17 52.71 54.93 64.76

2012 Direct Premiums Written: +130,850,000 2012 Underwriting Performance Summary Reinsurance Assumed......................... 29,313,000 Reinsurance Ceded ............................. 77,613,000 Net Premiums Written ......................... 82,729,000 Net Premiums Earned ......................... 75,068,000 Net Claims & Adj Exp .......................... 66,355,000 Commissions ....................................... –2,842,000 Taxes ..................................................... 4,853,000 General Expenses ............................... 21,429,000 Undwrwtg. Profit/Loss....................... –14,727,000 Investment Income ................................ 5,362,000

Underwriting Result 2012: 2009:

–$14,727,000 +$6,094,000

2011: 2008:

Growth: 5.97% %

Growth Rate (NPW) .................................. 19.40 % of Market (NPW) .................................... 0.20 Earned Loss Ratio .................................... 88.39 Total Expense Ratio ................................. 31.23 Combined Loss & Exp. Ratio ................. 119.62 Return on Equity........................................-5.62

–$1,495,000 +$1,695,000

2010:

+$8,350,000

Your Breaking Insurance News Source... Sign-up to receive Canadian Underwriter’s FREE DAILY Insurance Headline e-News: http://bit.ly/cuenews CANADIAN UNDERWRITER STATISTICAL ISSUE 2013

.ca 71


ASSOCIATED ELECTRIC & GAS INSURANCE SERVICES LTD.

D-F

J Brian Reeve, Chief Agent 2100-40 King St W Toronto ON M5H 3C2

Class

Net Prems Written

Prop. - Commercial ................ Prop - Total ........................... Liability ................................... Marine.....................................

2,736,000 2,736,000 13,950,000 135,000 ——————— Total 2012............................... 16,821,000

Net Prems Earned

6,735,000 6,735,000 12,676,000 135,000 ——————— 19,546,000

Net Claims Incurred

1,164,000 1,164,000 8,329,000 37,000 ——————— 9,530,000

Claims Ratio

17.28 17.28 65.71 27.41 ————— 48.76

2012 Direct Premiums Written: +20,104,000 2012 Underwriting Performance Summary Reinsurance Assumed........................................... Reinsurance Ceded ............................. 18,481,000 Net Premiums Written ......................... 16,821,000 Net Premiums Earned ......................... 19,546,000 Net Claims & Adj Exp ............................ 9,530,000 Commissions .......................................... –899,000 Taxes ........................................................ 685,000 General Expenses ................................. 4,178,000 Undwrwtg. Profit/Loss........................... 5,541,000 Investment Income ................................ 1,887,000

Growth: 0.00% %

Growth Rate (NPW) .................................... 0.00 % of Market (NPW) .................................... 0.04 Earned Loss Ratio .................................... 48.76 Total Expense Ratio ................................. 20.28 Combined Loss & Exp. Ratio ................... 69.04 Return on Equity......................................... 7.64

Underwriting Result 2012:

+$5,541,000

ATRADIUS CREDIT INSURANCE N.V.

Ian Miller, Chief Agent for Canada Anthony Alfonso, Senior Accountant 83 Little Bridge St., Unit 12 PO Box 1346 Almonte ON K0A 1A0 613-256-5035 Fax:613-256-9133

Class

Net Prems Written

Credit ......................................

4,087,000 ——————— Total 2012............................... 4,087,000 Total 2011............................... 4,227,000

Net Prems Earned

3,811,000 ——————— 3,811,000 4,127,000

Net Claims Incurred

175,000 ——————— 175,000 –654,000

Claims Ratio

4.59 ————— 4.59 –15.85

2012 Direct Premiums Written: +12,117,000 2012 Underwriting Performance Summary Reinsurance Assumed........................................... Reinsurance Ceded ............................... 8,030,000 Net Premiums Written ........................... 4,087,000 Net Premiums Earned ........................... 3,811,000 Net Claims & Adj Exp ............................... 175,000 Commissions ....................................... –1,126,000 Taxes ........................................................ 374,000 General Expenses ................................. 3,692,000 Undwrwtg. Profit/Loss........................... 1,087,000 Investment Income ..................................... 49,000

Underwriting Result 2012:

+$1,087,000

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/Mach-excld .................. Fidelity .................................... Liability ................................... Surety ..................................... Marine..................................... Accident & Sickness............... Total 2012............................... Total 2011............................... Total 2010............................... Total 2009............................... Total 2008...............................

72

Net Prems Written

660,588,000 462,492,000 1,123,080,000 841,426,000 431,383,000 586,164,000 1,858,973,000 28,354,000 835,000 330,019,000 60,160,000 36,124,000 438,000 ——————— 3,437,983,000 3,291,024,000 3,132,910,000 3,222,686,000 3,138,651,000

Net Prems Earned

666,257,000 446,563,000 1,112,820,000 827,763,000 415,272,000 579,134,000 1,822,169,000 27,647,000 819,000 327,498,000 62,852,000 34,439,000 371,000 ——————— 3,388,615,000 3,218,052,000 3,178,768,000 3,162,316,000 3,039,748,000

Net Claims Incurred

378,956,000 302,824,000 681,780,000 691,835,000 113,227,000 375,397,000 1,180,459,000 6,481,000 380,000 198,345,000 12,236,000 20,232,000 49,000 ——————— 2,099,962,000 2,116,459,000 2,081,272,000 2,280,725,000 2,074,165,000

Claims Ratio

56.88 67.81 61.27 83.58 27.27 64.82 64.78 23.44 46.40 60.56 19.47 58.75 13.21 ————— 61.97 65.77 65.47 72.12 68.23

2011:

Growth: –1.63% %

Growth Rate (NPW) .................................. –3.31 % of Market (NPW) .................................... 0.01 Earned Loss Ratio ...................................... 4.59 Total Expense Ratio ................................. 77.15 Combined Loss & Exp. Ratio ................... 81.74 Return on Equity....................................... 18.34

+$2,815,000

B-UK

Maurice Tulloch, President & CEO 2206 Eglinton Ave. E. Scarborough ON M1L 4S8 416-288-1800 Fax:416-288-9756 www.avivacanada.com

2012 Direct Premiums Written: +3,551,136,000 2012 Underwriting Performance Summary Reinsurance Assumed........................... 1,369,000 Reinsurance Ceded ........................... 114,523,000 Net Premiums Written .................... 3,437,983,000 Net Premiums Earned .................... 3,388,615,000 Net Claims & Adj Exp ..................... 2,099,962,000 Commissions ..................................... 693,482,000 Taxes ................................................. 117,446,000 General Expenses ............................. 311,679,000 Undwrwtg. Profit/Loss....................... 166,046,000 Investment Income ............................ 235,975,000

Underwriting Result 2012: 2009:

+$166,046,000 –$153,745,000

2011: 2008:

D-F

Growth: 3.94% %

Growth Rate (NPW) .................................... 4.47 % of Market (NPW) .................................... 8.23 Earned Loss Ratio .................................... 61.97 Total Expense Ratio ................................. 33.13 Combined Loss & Exp. Ratio ................... 95.10 Return on Equity....................................... 16.93

+$87,209,000 –$79,363,000

2010:

+$52,202,000

canadianunderwriter.ca CANADIAN UNDERWRITER STATISTICAL ISSUE 2013


Your business is about

providing choice Our business is about offering you the best choice. At Aviva, we’re committed to helping our broker partners win in the marketplace by providing what you need to serve your customers. As one of Canada’s largest P&C insurers you can count on us to provide for: • Your needs through streamlined processes and systems, marketing collaboration and training and development opportunities • Your customers’ needs with depth and breadth of product backed by risk management tools and industry-leading claims service • Your distribution channels’ needs through our unwavering support of the broker channel and our relentless focus on promoting the broker value Speak with your Account Executive today to find out why recommending Aviva is the right choice for you and your customers.

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BERKLEY INSURANCE COMPANY

B-US

Andrew Steen, 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

Prop. - Commercial ................ Prop - Total ........................... Aircraft .................................... Auto. - Liability ....................... Auto - Total ............................ Boiler/Mach-excld .................. Fidelity .................................... Liability ................................... Surety ..................................... Marine..................................... Accident & Sickness............... Total 2012............................... Total 2011............................... Total 2010...............................

Net Prems Written

Net Prems Earned

2,670,000 2,670,000 330,000 237,000 237,000

2,203,000 2,203,000 395,000 198,000 198,000

667,000 36,495,000 1,804,000 1,041,000

571,000 36,387,000 2,357,000 829,000

——————— 43,244,000 40,767,000 25,830,000

——————— 42,940,000 34,325,000 21,003,000

Net Claims Incurred

3,267,000 3,267,000 406,000 –164,000 –164,000 6,000 274,000 24,443,000 3,188,000 360,000 68,000 ——————— 31,848,000 21,509,000 8,803,000

Claims Ratio

148.30 148.30 102.78 –82.83 –82.83 0.00 47.99 67.18 135.26 43.43 0.00 ————— 74.17 62.66 41.91

2012 Direct Premiums Written: +42,817,000 2012 Underwriting Performance Summary Reinsurance Assumed........................... 9,608,000 Reinsurance Ceded ............................... 9,348,000 Net Premiums Written ......................... 43,244,000 Net Premiums Earned ......................... 42,940,000 Net Claims & Adj Exp .......................... 31,848,000 Commissions ......................................... 9,618,000 Taxes ..................................................... 1,377,000 General Expenses ................................. 9,822,000 Undwrwtg. Profit/Loss......................... –9,547,000 Investment Income ................................ 1,299,000

Underwriting Result 2012:

–$9,547,000

2011:

Growth: 11.55% %

Growth Rate (NPW) .................................... 6.08 % of Market (NPW) .................................... 0.10 Earned Loss Ratio .................................... 74.17 Total Expense Ratio ................................. 48.48 Combined Loss & Exp. Ratio ................. 122.65 Return on Equity......................................-12.82

–$5,207,000

2010:

+$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

Prop. - Personal ..................... Prop. - Commercial ................ Prop - Total ........................... Boiler/Mach-excld .................. Liability ................................... Total 2012............................... Total 2011............................... Total 2010............................... Total 2009............................... Total 2008...............................

Net Prems Written

820,000 2,145,000 2,965,000 84,827,000 2,000 ——————— 87,794,000 101,502,000 95,944,000 90,670,000 89,935,000

Net Prems Earned

788,000 2,021,000 2,809,000 92,424,000 2,000 ——————— 95,235,000 98,197,000 94,939,000 90,010,000 87,581,000

Net Claims Incurred

Claims Ratio

53,000 1,720,000 1,773,000 23,137,000

6.73 85.11 63.12 25.03

——————— 24,910,000 25,592,000 21,624,000 24,783,000 24,071,000

————— 26.16 26.06 22.78 27.53 27.48

2012 Direct Premiums Written: +28,338,000 2012 Underwriting Performance Summary Reinsurance Assumed......................... 63,149,000 Reinsurance Ceded ............................... 3,755,000 Net Premiums Written ......................... 87,794,000 Net Premiums Earned ......................... 95,235,000 Net Claims & Adj Exp .......................... 24,910,000 Commissions ....................................... 27,596,000 Taxes ..................................................... 1,136,000 General Expenses ............................... 19,242,000 Undwrwtg. Profit/Loss......................... 22,351,000 Investment Income ................................ 4,967,000

Underwriting Result 2012: 2009:

+$22,351,000 +$16,513,000

2011: 2008:

Growth: 3.64% %

Growth Rate (NPW) ................................ –13.51 % of Market (NPW) .................................... 0.21 Earned Loss Ratio .................................... 26.16 Total Expense Ratio ................................. 50.37 Combined Loss & Exp. Ratio ................... 76.53 Return on Equity....................................... 26.49

+$21,821,000 +$17,521,000

2010:

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

Prop. - Personal ..................... Prop - Total ........................... Auto. - Liability ....................... Auto. - Pers. Acc. ................... Auto. - Other........................... Auto - Total ............................ Accident & Sickness............... Total 2012............................... Total 2011............................... Total 2010............................... Total 2009............................... Total 2008...............................

Net Prems Written

27,955,000 27,955,000 62,222,000 50,367,000 24,363,000 136,952,000 18,968,000 ——————— 183,875,000 168,742,000 145,862,000 130,203,000 124,077,000

Net Prems Earned

26,973,000 26,973,000 61,360,000 49,090,000 24,243,000 134,693,000 18,289,000 ——————— 179,955,000 156,531,000 138,648,000 128,923,000 117,576,000

Net Claims Incurred

13,797,000 13,797,000 44,762,000 27,397,000 13,980,000 86,139,000 6,407,000 ——————— 106,343,000 103,248,000 94,029,000 106,475,000 94,522,000

Claims Ratio

51.15 51.15 72.95 55.81 57.67 63.95 35.03 ————— 59.09 65.96 67.82 82.59 80.39

2012 Direct Premiums Written: +184,998,000 2012 Underwriting Performance Summary Reinsurance Assumed........................... 6,678,000 Reinsurance Ceded ............................... 7,801,000 Net Premiums Written ....................... 183,875,000 Net Premiums Earned ....................... 179,955,000 Net Claims & Adj Exp ........................ 106,343,000 Commissions ......................................... 8,991,000 Taxes ..................................................... 5,375,000 General Expenses ............................... 52,172,000 Undwrwtg. Profit/Loss......................... 11,221,000 Investment Income .............................. 12,348,000

Underwriting Result 2012: 2009:

74

+$11,221,000 –$23,183,000

2011: 2008:

+$26,460,000

Growth: 15.39% %

Growth Rate (NPW) .................................... 8.97 % of Market (NPW) .................................... 0.44 Earned Loss Ratio .................................... 59.09 Total Expense Ratio ................................. 36.97 Combined Loss & Exp. Ratio ................... 96.06 Return on Equity....................................... 18.37

–$289,000 –$19,908,000

2010:

–$3,790,000

canadianunderwriter.ca CANADIAN UNDERWRITER STATISTICAL ISSUE 2013


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

Prop. - Personal ..................... Prop - Total ........................... Auto. - Liability ....................... Auto. - Pers. Acc. ................... Auto. - Other........................... Auto - Total ............................ Liability ................................... Total 2012............................... Total 2011............................... Total 2010............................... Total 2009............................... Total 2008...............................

Net Prems Written

33,906,000 33,906,000 33,223,000 3,169,000 53,446,000 89,838,000 1,666,000 ——————— 125,410,000 120,772,000 115,505,000 109,571,000 100,205,000

Net Prems Earned

32,508,000 32,508,000 32,828,000 3,109,000 53,225,000 89,162,000 1,534,000 ——————— 123,204,000 117,632,000 111,368,000 104,063,000 97,943,000

Net Claims Incurred

27,296,000 27,296,000 20,280,000 1,862,000 33,716,000 55,858,000 1,438,000 ——————— 84,592,000 76,221,000 69,791,000 69,851,000 65,462,000

Claims Ratio

83.97 83.97 61.78 59.89 63.35 62.65 93.74 ————— 68.66 64.80 62.67 67.12 66.84

2012 Direct Premiums Written: +134,762,000 2012 Underwriting Performance Summary Reinsurance Assumed........................................... Reinsurance Ceded ............................... 9,352,000 Net Premiums Written ....................... 125,410,000 Net Premiums Earned ....................... 123,204,000 Net Claims & Adj Exp .......................... 84,592,000 Commissions ......................................... 1,785,000 Taxes ..................................................... 5,078,000 General Expenses ............................... 28,883,000 Undwrwtg. Profit/Loss........................... 4,855,000 Investment Income ................................ 8,230,000

Underwriting Result 2012: 2009:

+$4,855,000 +$6,506,000

2011: 2008:

D-C

Growth: 3.93% %

Growth Rate (NPW) .................................... 3.84 % of Market (NPW) .................................... 0.30 Earned Loss Ratio .................................... 68.66 Total Expense Ratio ................................. 29.01 Combined Loss & Exp. Ratio ................... 97.67 Return on Equity....................................... 13.21

+$8,102,000 +$6,448,000

2010:

LA CAPITALE ASSURANCES GENERALES INC.

+$10,068,000

D-C

Constance Lemieux, Presidente et chef de l’exploitation 625 St Annable 3e etage, CP Box 17100 Québec QC G1R 2G5 418-747-7575 Fax:418-643-6598

Class

Prop. - Personal ..................... Prop. - Commercial ................ Prop - Total ........................... Auto. - Liability ....................... Auto. - Pers. Acc. ................... Auto. - Other........................... Auto - Total ............................ Legal Expense ........................ Liability ................................... Surety ..................................... Total 2012............................... Total 2011............................... Total 2010............................... Total 2009............................... Total 2008...............................

Net Prems Written

148,614,000 29,720,000 178,334,000 147,197,000 21,170,000 152,196,000 320,563,000 4,148,000 7,637,000 6,128,000 ——————— 516,810,000 500,498,000 448,792,000 423,955,000 406,120,000

Net Prems Earned

139,633,000 29,167,000 168,800,000 129,986,000 20,991,000 140,719,000 291,696,000 3,919,000 11,801,000 6,157,000 ——————— 482,373,000 463,159,000 421,999,000 397,577,000 376,047,000

Net Claims Incurred

80,791,000 17,871,000 98,662,000 69,711,000 4,725,000 99,588,000 174,024,000 2,218,000 9,339,000 2,497,000 ——————— 286,740,000 279,078,000 270,594,000 262,009,000 260,904,000

Claims Ratio

57.86 61.27 58.45 53.63 22.51 70.77 59.66 56.60 79.14 40.56 ————— 59.44 60.26 64.12 65.90 69.38

2012 Direct Premiums Written: +509,614,000 2012 Underwriting Performance Summary Reinsurance Assumed....................... 175,317,000 Reinsurance Ceded ........................... 168,121,000 Net Premiums Written ....................... 516,810,000 Net Premiums Earned ....................... 482,373,000 Net Claims & Adj Exp ........................ 286,740,000 Commissions ....................................... 60,598,000 Taxes ................................................... 16,521,000 General Expenses ............................. 106,565,000 Undwrwtg. Profit/Loss......................... 11,240,000 Investment Income .............................. 13,845,000

Underwriting Result 2012: 2009:

+$11,240,000 +$15,412,000

2011: 2008:

Growth: 2.80% %

Growth Rate (NPW) .................................... 3.26 % of Market (NPW) .................................... 1.24 Earned Loss Ratio .................................... 59.44 Total Expense Ratio ................................. 38.08 Combined Loss & Exp. Ratio ................... 97.52 Return on Equity....................................... 11.76

+$15,744,000 +$19,131,000

2010:

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

Prop. - Personal ..................... Prop. - Commercial ................ Prop - Total ........................... Aircraft .................................... Auto. - Liability ....................... Auto. - Pers. Acc. ................... Auto. - Other........................... Auto - Total ............................ Boiler/Mach-excld .................. Fidelity .................................... Liability ................................... Surety ..................................... Marine..................................... Accident & Sickness............... Total 2012............................... Total 2011............................... Total 2010............................... Total 2009............................... Total 2008...............................

Net Prems Written

Net Prems Earned

207,727,000 67,675,000 275,402,000

205,236,000 66,622,000 271,858,000

37,393,000 8,642,000 31,121,000 77,156,000 4,812,000 19,815,000 205,943,000 8,706,000 1,930,000 11,411,000 ——————— 605,175,000 615,310,000 598,135,000 607,834,000 575,132,000

36,257,000 8,271,000 30,596,000 75,124,000 5,082,000 20,099,000 211,771,000 11,815,000 2,169,000 11,912,000 ——————— 609,830,000 605,021,000 601,292,000 618,997,000 580,674,000

Net Claims Incurred

86,216,000 26,136,000 112,352,000 –9,000 27,555,000 7,139,000 14,807,000 49,501,000 1,907,000 10,261,000 103,010,000 –777,000 908,000 8,774,000 ——————— 285,927,000 351,212,000 197,092,000 351,432,000 352,012,000

CANADIAN UNDERWRITER STATISTICAL ISSUE 2013

Claims Ratio

42.01 39.23 41.33 0.00 76.00 86.31 48.40 65.89 37.52 51.05 48.64 –6.58 41.86 73.66 ————— 46.89 58.05 32.78 56.77 60.62

2012 Direct Premiums Written: +648,564,000 2012 Underwriting Performance Summary Reinsurance Assumed........................... 2,109,000 Reinsurance Ceded ............................. 53,102,000 Net Premiums Written ....................... 605,175,000 Net Premiums Earned ....................... 609,830,000 Net Claims & Adj Exp ........................ 285,927,000 Commissions ....................................... 97,701,000 Taxes ................................................... 22,349,000 General Expenses ............................... 81,751,000 Undwrwtg. Profit/Loss....................... 122,102,000 Investment Income .............................. 70,259,000

Underwriting Result 2012: 2009:

+$122,102,000 +$74,215,000

2011: 2008:

+$19,840,000

B-US

Growth: –0.85% %

Growth Rate (NPW) .................................. –1.65 % of Market (NPW) .................................... 1.46 Earned Loss Ratio .................................... 46.89 Total Expense Ratio ................................. 33.09 Combined Loss & Exp. Ratio ................... 79.98 Return on Equity....................................... 18.19

+$54,046,000 +$46,306,000

2010:

+$211,466,000

75


CHARTIS INSURANCE COMPANY OF CANADA AIG Insurance Company of Canada.

Class

Prop. - Commercial ................ Prop - Total ........................... Aircraft .................................... Auto. - Liability ....................... Auto. - Pers. Acc. ................... Auto. - Other........................... Auto - Total ............................ Boiler/Mach-excld .................. Credit ...................................... Fidelity .................................... Liability ................................... Surety ..................................... Marine..................................... Accident & Sickness............... Total 2012............................... Total 2011............................... Total 2010............................... Total 2009............................... Total 2008...............................

Net Prems Written

135,875,000 135,875,000 5,654,000 20,559,000 9,016,000 9,631,000 39,206,000 6,418,000 4,748,000 11,182,000 232,050,000 5,108,000 6,032,000 93,044,000 ——————— 539,317,000 562,336,000 586,596,000 574,369,000 498,752,000

Net Prems Earned

138,423,000 138,423,000 5,107,000 21,433,000 8,350,000 9,783,000 39,566,000 5,717,000 4,495,000 11,759,000 250,019,000 9,304,000 6,808,000 91,976,000 ——————— 563,174,000 570,073,000 585,002,000 596,953,000 161,434,000

Net Claims Incurred

96,433,000 96,433,000 5,539,000 23,174,000 5,536,000 6,090,000 34,800,000 3,159,000 –3,000 6,804,000 96,613,000 1,944,000 4,761,000 51,526,000 ——————— 301,576,000 321,363,000 412,742,000 444,808,000 24,982,000

Claims Ratio

69.67 69.67 108.46 108.12 66.30 62.25 87.95 55.26 –0.07 57.86 38.64 20.89 69.93 56.02 ————— 53.55 56.37 70.55 74.51 15.48

2012 Direct Premiums Written: +953,514,000 2012 Underwriting Performance Summary Reinsurance Assumed......................... 32,593,000 Reinsurance Ceded ........................... 457,272,000 Net Premiums Written ....................... 539,317,000 Net Premiums Earned ....................... 563,174,000 Net Claims & Adj Exp ........................ 301,576,000 Commissions ....................................... 31,793,000 Taxes ................................................... 31,452,000 General Expenses ............................... 64,205,000 Undwrwtg. Profit/Loss....................... 134,908,000 Investment Income ............................ 149,906,000

Underwriting Result 2012: 2009:

+$134,908,000 +$39,903,000

2011: 2008:

Growth: 0.49% %

Growth Rate (NPW) .................................. –4.09 % of Market (NPW) .................................... 1.30 Earned Loss Ratio .................................... 53.55 Total Expense Ratio ................................. 22.63 Combined Loss & Exp. Ratio ................... 76.18 Return on Equity....................................... 15.46

+$118,096,000 +$82,359,000

2010:

CLARE MUTUAL INSURANCE COMPANY

Prop. - Personal ..................... Prop. - Commercial ................ Prop - Total ........................... Liability ................................... Total 2012............................... Total 2011............................... Total 2010............................... Total 2009............................... Total 2008...............................

Net Prems Written

986,000 98,000 1,084,000 29,000 ——————— 1,113,000 994,000 944,000 942,000 956,000

Net Prems Earned

935,000 115,000 1,050,000 25,000 ——————— 1,075,000 922,000 907,000 914,000 939,000

Net Claims Incurred

Claims Ratio

667,000

71.34

667,000 209,000 ——————— 876,000 592,000 481,000 301,000 452,000

63.52 836.00 ————— 81.49 64.21 53.03 32.93 48.14

2012 Direct Premiums Written: +2,858,000 2012 Underwriting Performance Summary Reinsurance Assumed........................................... Reinsurance Ceded ............................... 1,745,000 Net Premiums Written ........................... 1,113,000 Net Premiums Earned ........................... 1,075,000 Net Claims & Adj Exp ............................... 876,000 Commissions ............................................ 120,000 Taxes ..................................................................... General Expenses .................................... 880,000 Undwrwtg. Profit/Loss............................ –691,000 Investment Income ................................... 113,000

Underwriting Result 2012: 2009:

–$691,000 –$18,000

2011: 2008:

+$51,075,000

D-C

Janice Belliveau, President Belliveau Cove Digby County NS B0W 1J0 902-837-4597 Fax:902-837-7745

Class

B-US

Lynn Oldfield, Chief Executive Officer 1400 145 Wellington St. W. Toronto ON M5J 1H8 416-596-3000 Fax:416-977-2743 www.chartisinsurance.net

Chartis Insurance Company of Canada is the licensed underwriter of AIG Property Casualty insurance products in Canada. Effective July 1, 2013 Chartis Insurance Company of Canada will become

Growth: 4.92% %

Growth Rate (NPW) .................................. 11.97 % of Market (NPW) .................................... 0.00 Earned Loss Ratio .................................... 81.49 Total Expense Ratio ................................... 0.00 Combined Loss & Exp. Ratio ..................... 0.00 Return on Equity..................................... –25.50

–$94,000 –$105,000

2010:

CO-OPERATIVE HAIL INSURANCE Nick S Gayton, Chief Executive Officer COMPANY LIMITED Box 777, 2709-13th Ave.

–$131,000

D-C

Regina SK S4P 3A8 306-522-8891 Fax:306-352-9130 ngaytom@coophail.com

Class

Hail ......................................... Total 2012............................... Total 2011............................... Total 2010............................... Total 2009............................... Total 2008...............................

Net Prems Written

32,861,000 ——————— 32,861,000 31,537,000 33,491,000 25,593,000 24,894,000

Net Prems Earned

——————— 0 31,537,000 33,491,000 25,593,000 24,894,000

Net Claims Incurred

25,015,000 ——————— 25,015,000 20,446,000 21,889,000 4,426,000 22,966,000

Claims Ratio

0.00 ————— 64.83 65.36 17.29 92.26

2012 Direct Premiums Written: +52,562,000 2012 Underwriting Performance Summary Reinsurance Assumed........................................... Reinsurance Ceded ............................. 19,701,000 Net Premiums Written ......................... 32,861,000 Net Premiums Earned ......................................... 0 Net Claims & Adj Exp .......................... 25,015,000 Commissions ......................................... 1,544,000 Taxes ..................................................... 1,498,000 General Expenses ................................. 2,070,000 Undwrwtg. Profit/Loss........................... 2,734,000 Investment Income ................................ 1,606,000

Underwriting Result 2012: 2009:

76

+$2,734,000 +$18,987,000

2011: 2008:

Growth: 16.66% %

Growth Rate (NPW) .................................... 4.20 % of Market (NPW) .................................... 0.08 Earned Loss Ratio ...................................... 0.00 Total Expense Ratio ................................... 0.00 Combined Loss & Exp. Ratio ..................... 0.00 Return on Equity......................................... 8.55

+$3,927,000 –$1,779,000

2010:

+$6,021,000

canadianunderwriter.ca CANADIAN UNDERWRITER STATISTICAL ISSUE 2013


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@AIG_CyberEdge Chartis Insurance Company of Canada is the licensed underwriter of AIG Property-Casualty insurance products in Canada. Coverage may not be available in all provinces and territories and is subject to actual policy language. Non-insurance products and services may be provided by independent third parties. For additional information, please visit our website at www.AIG.com. © AIG Inc. All rights reserved.


CNA CANADA CONTINENTAL CASUALTY COMPANY

Class

Net Prems Net Prems Net Claims Claims Written Earned Incurred Ratio

Prop. - Personal...................... 273,000 37,000 –112,000 –302.70 Prop. - Commercial................. 59,508,000 55,134,000 32,847,000 59.58 Prop - Total ............................ 59,781,000 55,171,000 32,735,000 59.33 Aircraft..................................... –72,000 0.00 Auto. - Liability........................ 15,195,000 14,333,000 14,871,000 103.75 Auto. - Pers. Acc..................... 2,384,000 2,138,000 195,000 9.12 Auto. - Other............................ 7,371,000 7,086,000 7,409,000 104.56 Auto - Total ............................. 24,950,000 23,557,000 22,475,000 95.41 Boiler/Mach-excld................... 111,000 128,000 39,000 30.47 Fidelity..................................... 811,000 795,000 –425,000 –53.46 Liability.................................... 141,763,000 140,430,000 77,632,000 55.28 Surety...................................... 15,258,000 7,869,000 998,000 12.68 Marine...................................... 38,552,000 37,860,000 26,272,000 69.39 Accident & Sickness................ 21,000 0.00 ——————— ——————— ——————— ————— Total 2012................................ 281,226,000 265,810,000 159,675,000 60.07 Total 2011................................ 244,604,000 241,470,000 149,694,000 61.99 Total 2010................................ 236,489,000 233,840,000 133,618,000 57.14 Total 2009................................ 225,350,000 228,776,000 121,169,000 52.96 Total 2008................................ 237,887,000 229,435,000 148,735,000 64.83

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

2012 Direct Premiums Written: +276,537,000 Growth: 9.04% 2012 Underwriting Performance Summary %

Reinsurance Assumed........................... 8,195,000 Reinsurance Ceded................................ 8,915,000 Net Premiums Written........................ 281,226,000 Net Premiums Earned........................ 265,810,000 Net Claims & Adj Exp......................... 159,675,000 Commissions........................................ 48,001,000 Taxes...................................................... 7,135,000 General Expenses................................ 28,006,000 Undwrwtg. Profit/Loss......................... 22,910,000 Investment Income............................... 28,700,000

Growth Rate (NPW)................................... 14.97 % of Market (NPW)..................................... 0.68 Earned Loss Ratio..................................... 60.07 Total Expense Ratio.................................. 31.28 Combined Loss & Exp. Ratio.................... 91.35 Return on Equity......................................... 9.83

Underwriting Result

2012: +$22,910,000 2011: +$8,713,000 2009: +$29,870,000 2008: +$3,066,000

2010: +$23,499,000

CO-OPERATORS GENERAL INSURANCE Bardswick, President & C.E.O. COMPANY (CONSOLIDATED) Katherine Priory Square CO-OPERATORS GENERAL INSURANCE COMPANY COSECO INSURANCE COMPANY L’EQUITABLE COMPAGNIE D’ASSURANCES GENERALES SOVEREIGN GENERAL INSURANCE COMPANY L’UNION CANADIENNE, COMPAGNIE D’ASSURANCES Class

Net Prems Net Prems Net Claims Claims Written Earned Incurred Ratio

Prop. - Personal...................... 518,653,000 503,980,000 288,448,000 57.23 Prop. - Commercial................. 304,115,000 308,100,000 197,972,000 64.26 Prop - Total ............................ 822,768,000 812,080,000 486,420,000 59.90 Aircraft..................................... 2,000 0.00 Auto. - Liability........................ 510,967,000 498,711,000 357,339,000 71.65 Auto. - Pers. Acc..................... 189,805,000 191,450,000 104,640,000 54.66 Auto. - Other............................ 294,597,000 290,415,000 214,288,000 73.79 Auto - Total ............................. 995,369,000 980,576,000 676,267,000 68.97 Boiler/Mach-excld................... –29,000 144,000 38,000 26.39 Fidelity..................................... 2,318,000 2,314,000 767,000 33.15 Hail.......................................... 52,000 0.00 Liability.................................... 178,035,000 176,147,000 78,378,000 44.50 Surety...................................... 9,775,000 9,617,000 3,273,000 34.03 Marine...................................... 14,843,000 14,559,000 8,897,000 61.11 Accident & Sickness................ 124,000 148,000 224,000 151.35 ——————— ——————— ——————— ————— Total 2012................................ 2,023,203,000 1,995,585,000 1,254,318,000 62.85 Total 2011................................ 2,229,026,000 2,174,264,000 1,413,273,000 65.00 Total 2010................................ 2,131,290,000 2,099,662,000 1,476,167,000 70.30 Total 2009................................ 2,099,371,000 2,037,792,000 1,435,749,000 70.46 Total 2008................................ 2,023,403,000 1,980,161,000 1,456,593,000 73.56

Guelph ON N1H 6P8 519-824-4400 Fax:519-837-0231

2012 Direct Premiums Written: +2,085,434,000 Growth: –9.75% 2012 Underwriting Performance Summary %

Reinsurance Assumed........................... 9,455,000 Reinsurance Ceded.............................. 72,059,000 Net Premiums Written..................... 2,023,203,000 Net Premiums Earned..................... 1,995,585,000 Net Claims & Adj Exp...................... 1,254,318,000 Commissions...................................... 282,604,000 Taxes.................................................... 60,635,000 General Expenses.............................. 345,585,000 Undwrwtg. Profit/Loss......................... 73,246,000 Investment Income............................. 206,931,000

Growth Rate (NPW)................................... –9.23 % of Market (NPW)..................................... 4.87 Earned Loss Ratio..................................... 62.85 Total Expense Ratio.................................. 34.52 Combined Loss & Exp. Ratio.................... 97.37 Return on Equity....................................... 17.39

Underwriting Result

2012: +$73,246,000 2011: +$28,831,000 2009: –$62,377,000 2008: –$126,271,000

COREPOINT INSURANCE COMPANY

Colleen Sexsmith, Chief Agent 1145 Nicholson Rd., Unit 2 Newmarket ON L3Y 9C3 905-853-0858 Fax:905-853-0183

Class

Net Prems Net Prems Net Claims Claims Written Earned Incurred Ratio

Prop. - Commercial................. 1,000 1,000 –11,000 –1,100.00 Prop - Total ............................ 1,000 1,000 –11,000 –1,100.00 Auto. - Liability........................ –1,202,000 0.00 Auto. - Other............................ –1,000 3,000 –5,000 –166.67 Auto - Total ............................. –1,000 3,000 –1,207,000 –40,233.33 Other Apprvd. Prod................. 52,000 60,000 –46,000 –76.67 ——————— ——————— ——————— ————— Total 2012................................ 52,000 64,000 –1,264,000 –1,975.00 Total 2011................................ –86,000 235,000 –1,120,000 –476.60

D-C

2010: –$73,904,000

D-US

2012 Direct Premiums Written: +52,000 Growth: 2012 Underwriting Performance Summary %

Reinsurance Assumed........................................... Reinsurance Ceded................................................ Net Premiums Written................................. 52,000 Net Premiums Earned................................. 64,000 Net Claims & Adj Exp............................-1,264,000 Commissions.......................................................... Taxes........................................................... 37,000 General Expenses..................................... 309,000 Undwrwtg. Profit/Loss.............................. 982,000 Investment Income.................................... 760,000

Growth Rate (NPW)............................................ % of Market (NPW)............................................ Earned Loss Ratio.............................................. Total Expense Ratio........................................... Combined Loss & Exp. Ratio............................. Return on Equity......................................... 8.68

Underwriting Result

2012: +$982,000 2011: +$1,095,000

78

canadianunderwriter.ca CANADIAN UNDERWRITER STATISTICAL ISSUE 2013


Decem b er 2n D, 3:52 p. m .

the rIght rel atIonshIp makes all of the DIfference In a n In s ta nt,

So ph i a R e y n o l dS k n e w Sh e co u l d d o m o R e fo R h eR cl ien t

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.

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Construction • Manufacturing • Oil & Gas • Life Science • Renewable Energy

Please remember that only the relevant insurance policy can provide the actual terms, coverages, amounts, conditions and exclusions for an insured. All products and services may not be available in all provinces and may be subject to change without notice. CNA is a registered trademark of CNA Financial Corporation. Copyright © 2012 Continental Casualty Company. All rights reserved.


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 Net Prems Written

Class

Prop. - Personal ..................... Prop. - Commercial ................ Prop - Total ........................... Auto. - Liability ....................... Auto. - Pers. Acc. ................... Auto. - Other........................... Auto - Total ............................ Boiler/Mach-excld .................. Fidelity .................................... Liability ................................... Surety ..................................... Accident & Sickness............... Total 2012............................... Total 2011............................... Total 2010............................... Total 2009............................... Total 2008...............................

25,094,000 12,285,000 37,379,000 17,642,000 14,955,000 9,864,000 42,461,000 1,000 3,977,000 5,543,000 4,000 2,840,000 ——————— 92,205,000 91,975,000 104,008,000 34,087,000 33,097,000

Net Prems Earned

24,544,000 12,261,000 36,805,000 17,707,000 13,430,000 10,513,000 41,650,000 1,000 4,268,000 5,420,000 7,000 2,831,000 ——————— 90,982,000 86,993,000 79,140,000 32,856,000 30,685,000

Net Claims Incurred

Claims Ratio

15,347,000 5,031,000 20,378,000 19,913,000 1,584,000 5,846,000 27,343,000 –3,000 1,393,000 1,994,000

62.53 41.03 55.37 112.46 11.79 55.61 65.65 –300.00 32.64 36.79

960,000 ——————— 52,065,000 57,322,000 42,951,000 20,907,000 15,865,000

33.91 ————— 57.23 65.89 54.27 63.63 51.70

2012 Direct Premiums Written: +99,054,000 2012 Underwriting Performance Summary

%

Reinsurance Assumed........................... 2,613,000 Reinsurance Ceded ............................... 9,462,000 Net Premiums Written ......................... 92,205,000 Net Premiums Earned ......................... 90,982,000 Net Claims & Adj Exp .......................... 52,065,000 Commissions ....................................... 12,598,000 Taxes ..................................................... 3,419,000 General Expenses ............................... 13,141,000 Undwrwtg. Profit/Loss........................... 7,846,000 Investment Income ................................ 5,949,000

Underwriting Result 2012: 2009:

+$7,846,000 +$3,045,000

2011: 2008:

Growth: –2.52%

Growth Rate (NPW) .................................... 0.25 % of Market (NPW) .................................... 0.22 Earned Loss Ratio .................................... 57.23 Total Expense Ratio ................................. 32.05 Combined Loss & Exp. Ratio ................... 89.28 Return on Equity....................................... 16.31

–$49,000 +$3,732,000

2010:

+$3,328,000

DESJARDINS GENERAL INSURANCE GROUP INC.

D-C

Sylvie Paquette, Président 6300 Boul. De La Rive-Sud Levis QC G6V 6P9 418-835-4850 Fax:418-835-5599 www.desjardins.com Net Prems Written

Net Prems Earned

608,786,000 62,025,000 670,811,000

582,128,000 57,534,000 639,662,000

541,573,000 247,854,000 458,770,000 1,248,197,000 559,000 2,336,000 22,436,000 382,000 ——————— 1,944,721,000 1,801,808,000 1,618,806,000 1,471,075,000 1,434,612,000

523,002,000 237,860,000 449,112,000 1,209,974,000 528,000 2,329,000 21,658,000 360,000 ——————— 1,874,511,000 1,708,966,000 1,524,262,000 1,442,868,000 1,425,727,000

Class

Prop. - Personal ..................... Prop. - Commercial ................ Prop - Total ........................... Aircraft .................................... Auto. - Liability ....................... Auto. - Pers. Acc. ................... Auto. - Other........................... Auto - Total ............................ Boiler/Mach-excld .................. Fidelity .................................... Liability ................................... Surety ..................................... Total 2012............................... Total 2011............................... Total 2010............................... Total 2009............................... Total 2008...............................

Net Claims Incurred

364,510,000 39,968,000 404,478,000 –1,186,000 368,013,000 196,946,000 310,879,000 875,838,000 41,000 1,078,000 21,633,000 78,000 ——————— 1,301,960,000 1,256,034,000 1,056,072,000 991,955,000 1,055,943,000

Claims Ratio

62.62 69.47 63.23 0.00 70.37 82.80 69.22 72.38 7.77 46.29 99.88 21.67 ————— 69.46 73.50 69.28 68.75 74.06

2012 Direct Premiums Written: +1,980,159,000 2012 Underwriting Performance Summary

%

Reinsurance Assumed........................................... Reinsurance Ceded ............................. 35,438,000 Net Premiums Written .................... 1,944,721,000 Net Premiums Earned .................... 1,874,511,000 Net Claims & Adj Exp ..................... 1,301,960,000 Commissions ....................................... 26,037,000 Taxes ................................................... 64,416,000 General Expenses ............................. 373,845,000 Undwrwtg. Profit/Loss....................... 105,801,000 Investment Income ............................ 135,894,000

Underwriting Result 2012: 2009:

+$105,801,000 +$81,325,000

2011: 2008:

Growth: 8.21%

Growth Rate (NPW) .................................... 7.93 % of Market (NPW) .................................... 4.68 Earned Loss Ratio .................................... 69.46 Total Expense Ratio ................................. 24.77 Combined Loss & Exp. Ratio ................... 94.23 Return on Equity....................................... 20.90

+$28,651,000 +$31,627,000

2010:

THE DOMINION OF CANADA GENERAL B Murphy, President & C.E.O. INSURANCE COMPANY 165 University Ave.

+$81,421,000

B-C

Toronto ON M5H 3B9 416-362-7231 Fax:416-362-9918

Class

Prop. - Personal ..................... Prop - Total ........................... Auto. - Liability ....................... Auto. - Pers. Acc. ................... Auto. - Other........................... Auto - Total ............................ Fidelity .................................... Liability ................................... Surety ..................................... Total 2012............................... Total 2011............................... Total 2010............................... Total 2009............................... Total 2008...............................

80

Net Prems Written

352,034,000 352,034,000 343,338,000 231,247,000 194,886,000 769,471,000 1,227,000 82,921,000 1,265,000 ——————— 1,206,918,000 1,210,921,000 1,214,959,000 1,128,003,000 1,047,757,000

Net Prems Earned

354,336,000 354,336,000 342,394,000 229,974,000 198,142,000 770,510,000 1,219,000 81,880,000 1,320,000 ——————— 1,209,265,000 1,214,336,000 1,190,329,000 1,086,026,000 1,023,257,000

Net Claims Incurred

204,319,000 204,319,000 394,655,000 111,491,000 115,300,000 621,446,000 635,000 56,428,000 1,130,000 ——————— 883,958,000 926,114,000 849,272,000 903,431,000 768,579,000

Claims Ratio

57.66 57.66 115.26 48.48 58.19 80.65 52.09 68.92 85.61 ————— 73.10 76.27 71.35 83.19 75.11

2012 Direct Premiums Written: +1,270,474,000 2012 Underwriting Performance Summary Reinsurance Assumed........................... 3,040,000 Reinsurance Ceded ............................. 66,605,000 Net Premiums Written .................... 1,206,918,000 Net Premiums Earned .................... 1,209,265,000 Net Claims & Adj Exp ........................ 883,958,000 Commissions ..................................... 221,432,000 Taxes ................................................... 41,489,000 General Expenses ............................. 147,399,000 Undwrwtg. Profit/Loss....................... –69,848,000 Investment Income ............................ 121,109,000

Underwriting Result 2012: 2009:

–$69,848,000 –$144,036,000

2011: 2008:

Growth: 0.15% %

Growth Rate (NPW) .................................. –0.33 % of Market (NPW) .................................... 2.91 Earned Loss Ratio .................................... 73.10 Total Expense Ratio ................................. 33.93 Combined Loss & Exp. Ratio ................. 107.03 Return on Equity......................................... 7.90

–$85,062,000 –$50,749,000

2010:

–$10,190,000

canadianunderwriter.ca CANADIAN UNDERWRITER STATISTICAL ISSUE 2013


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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

Prop. - Personal ..................... Prop. - Commercial ................ Prop - Total ........................... Auto. - Liability ....................... Auto. - Pers. Acc. ................... Auto. - Other........................... Auto - Total ............................ Credit ...................................... Legal Expense ........................ Liability ................................... Surety ..................................... Accident & Sickness............... Total 2012............................... Total 2011............................... Total 2010............................... Total 2009............................... Total 2008...............................

Net Prems Written

9,040,000 9,099,000 18,139,000 63,257,000 40,995,000 28,074,000 132,326,000 –73,000 583,000 8,183,000 102,000 7,149,000 ——————— 166,409,000 152,585,000 135,324,000 112,326,000 136,341,000

Net Prems Earned

4,793,000 8,019,000 12,812,000 65,191,000 40,616,000 27,885,000 133,692,000 46,000 586,000 8,382,000 57,000 7,263,000 ——————— 162,838,000 147,378,000 132,165,000 118,082,000 141,859,000

Net Claims Incurred

2,413,000 4,473,000 6,886,000 49,068,000 18,731,000 17,431,000 85,230,000 12,000 251,000 10,103,000 –5,000 4,379,000 ——————— 106,856,000 97,754,000 99,955,000 84,643,000 94,462,000

Claims Ratio

50.34 55.78 53.75 75.27 46.12 62.51 63.75 26.09 42.83 120.53 –8.77 60.29 ————— 65.62 66.33 75.63 71.68 66.59

2012 Direct Premiums Written: +169,603,000 2012 Underwriting Performance Summary Reinsurance Assumed........................... 9,081,000 Reinsurance Ceded ............................. 12,275,000 Net Premiums Written ....................... 166,409,000 Net Premiums Earned ....................... 162,838,000 Net Claims & Adj Exp ........................ 106,856,000 Commissions ....................................... 27,663,000 Taxes ..................................................... 5,206,000 General Expenses ............................... 20,240,000 Undwrwtg. Profit/Loss........................... 5,192,000 Investment Income .............................. 29,947,000

Underwriting Result 2012: 2009:

+$5,192,000 –$4,825,000

ECONOMICAL INSURANCE 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/Mach-excld .................. Fidelity .................................... Liability ................................... Surety ..................................... Marine..................................... Total 2012............................... Total 2011............................... Total 2010............................... Total 2009............................... Total 2008...............................

Net Prems Written

331,141,000 302,033,000 633,174,000 404,506,000 226,650,000 303,759,000 934,915,000 –17,000 1,980,000 151,840,000 1,764,000 ——————— 1,723,656,000 1,630,836,000 1,626,378,000 1,747,468,000 1,862,711,000

Net Prems Earned

322,594,000 288,475,000 611,069,000 391,284,000 217,660,000 294,727,000 903,671,000 –19,000 1,971,000 147,445,000 1,871,000 10,000 ——————— 1,666,018,000 1,615,100,000 1,676,369,000 1,813,256,000 1,844,800,000

Net Claims Incurred

Claims Ratio

162,978,000 203,754,000 366,732,000 312,085,000 66,423,000 186,479,000 564,987,000

50.52 70.63 60.01 79.76 30.52 63.27 62.52

212,000 86,478,000 32,000 7,000 ——————— 1,018,448,000 1,067,016,000 1,167,893,000 1,400,291,000 1,501,949,000

10.76 58.65 1.71 70.00 ————— 61.13 66.07 69.67 77.23 81.42

2011: 2008:

Growth: 4.21% %

Growth Rate (NPW) .................................... 9.06 % of Market (NPW) .................................... 0.40 Earned Loss Ratio .................................... 65.62 Total Expense Ratio ................................. 32.61 Combined Loss & Exp. Ratio ................... 98.23 Return on Equity....................................... 22.72

+$5,208,000 +$827,000

2010:

Karen Gavan, President & Chief Executive Officer 111 Westmount Rd. S. Waterloo ON N2J 4S4 519-570-8500 Fax:519-570-8389 www.economicalinsurance.com

2012 Direct Premiums Written: +1,809,807,000 2012 Underwriting Performance Summary Reinsurance Assumed........................... 9,896,000 Reinsurance Ceded ............................. 96,047,000 Net Premiums Written .................... 1,723,656,000 Net Premiums Earned .................... 1,666,018,000 Net Claims & Adj Exp ..................... 1,018,448,000 Commissions ..................................... 356,071,000 Taxes ................................................... 59,552,000 General Expenses ............................. 182,797,000 Undwrwtg. Profit/Loss......................... 69,983,000 Investment Income ............................ 125,254,000

Underwriting Result 2012: 2009:

+$69,983,000 –$143,857,000

–$10,180,000

2011: 2008:

B-C

Growth: 5.83% %

Growth Rate (NPW) .................................... 5.69 % of Market (NPW) .................................... 4.15 Earned Loss Ratio .................................... 61.13 Total Expense Ratio ................................. 35.92 Combined Loss & Exp. Ratio ................... 97.05 Return on Equity....................................... 11.05

–$8,142,000 –$210,431,000

2010:

LE GROUPE ESTRIE-RICHELIEU Prevost, Président COMPAGNIE D’ASSURANCE Michel 770 Rue Principale

–$55,681,000

D-C

Granby QC J2G 2Y7 450-378-0101 Fax:450-378-5189 www.ger.qc.ca info@ger.qc.ca Class

Prop. - Personal ..................... Prop. - Commercial ................ Prop - Total ........................... Auto. - Liability ....................... Auto. - Pers. Acc. ................... Auto. - Other........................... Auto - Total ............................ Boiler/Mach-excld .................. Liability ................................... Total 2012............................... Total 2011............................... Total 2010............................... Total 2009............................... Total 2008...............................

82

Net Prems Written

9,057,000 18,857,000 27,914,000 252,000 10,000 469,000 731,000 266,000 3,824,000 ——————— 32,735,000 36,278,000 35,847,000 32,231,000 31,263,000

Net Prems Earned

9,839,000 19,991,000 29,830,000 247,000 11,000 461,000 719,000 240,000 4,167,000 ——————— 34,956,000 35,936,000 34,364,000 31,610,000 30,733,000

Net Claims Incurred

Claims Ratio

4,645,000 13,317,000 17,962,000 79,000

47.21 66.61 60.21 31.98

116,000 195,000 75,000 1,625,000 ——————— 19,857,000 21,459,000 22,684,000 22,851,000 20,332,000

25.16 27.12 31.25 39.00 ————— 56.81 59.71 66.01 72.29 66.16

2012 Direct Premiums Written: +43,006,000 2012 Underwriting Performance Summary Reinsurance Assumed........................... 1,231,000 Reinsurance Ceded ............................. 11,502,000 Net Premiums Written ......................... 32,735,000 Net Premiums Earned ......................... 34,956,000 Net Claims & Adj Exp .......................... 19,857,000 Commissions ......................................... 7,343,000 Taxes ..................................................................... General Expenses ................................. 4,134,000 Undwrwtg. Profit/Loss........................... 3,622,000 Investment Income ................................ 3,739,000

Underwriting Result 2012: 2009:

+$3,622,000 –$2,287,000

2011: 2008:

Growth: 1.72% %

Growth Rate (NPW) .................................. –9.77 % of Market (NPW) .................................... 0.08 Earned Loss Ratio .................................... 56.81 Total Expense Ratio ................................... 0.00 Combined Loss & Exp. Ratio ..................... 0.00 Return on Equity......................................... 9.48

+$2,707,000 –$416,000

2010:

–$283,000

canadianunderwriter.ca CANADIAN UNDERWRITER STATISTICAL ISSUE 2013


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EULER HERMES NORTH AMERICA Yves Gervais, Chef-agent INSURANCE 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

Credit ...................................... Total 2012............................... Total 2011............................... Total 2010............................... Total 2009............................... Total 2008...............................

Net Prems Written

12,252,000 ——————— 12,252,000 11,980,000 11,128,000 16,765,000 21,520,000

Net Prems Earned

11,093,000 ——————— 11,093,000 11,673,000 12,505,000 19,492,000 20,586,000

Net Claims Incurred

3,291,000 ——————— 3,291,000 5,494,000 –248,000 8,263,000 23,172,000

Claims Ratio

29.67 ————— 29.67 47.07 –1.98 42.39 112.56

2012 Direct Premiums Written: +40,549,000 2012 Underwriting Performance Summary Reinsurance Assumed........................................... Reinsurance Ceded ............................. 28,297,000 Net Premiums Written ......................... 12,252,000 Net Premiums Earned ......................... 11,093,000 Net Claims & Adj Exp ............................ 3,291,000 Commissions ....................................... –5,732,000 Taxes ..................................................... 1,415,000 General Expenses ................................. 8,665,000 Undwrwtg. Profit/Loss........................... 4,551,000 Investment Income ................................ 1,689,000

Underwriting Result 2012: 2009:

+$4,551,000 +$5,260,000

2011: 2008:

Growth: 14.54% %

Growth Rate (NPW) .................................... 2.27 % of Market (NPW) .................................... 0.03 Earned Loss Ratio .................................... 29.67 Total Expense Ratio ................................. 39.20 Combined Loss & Exp. Ratio ................... 68.87 Return on Equity......................................... 8.23

–$616,000 –$8,085,000

2010:

EVEREST INSURANCE COMPANY OF CANADA/ David Crozier, Chief Executive Officer LA COMPAGNIE Mark Teitelbaum, President 130 Bloor St W., Suite 602 D’ASSURANCE EVEREST Toronto ON M5S 1N5 416-487-3900 DU CANADA Fax:416-487-0311

+$6,328,000

B-C

www.everestre.com pamela.jornacion@everestre.com

Class

Prop. - Commercial ................ Prop - Total ........................... Auto. - Liability ....................... Auto - Total ............................ Liability ................................... Accident & Sickness............... Total 2012............................... Total 2011............................... Total 2010............................... Total 2009............................... Total 2008...............................

Net Prems Written

1,108,000 1,108,000 41,000 41,000 3,160,000 92,000 ——————— 4,401,000 4,817,000 0 0 0

Net Prems Earned

1,163,000 1,163,000 46,000 46,000 3,214,000 97,000 ——————— 4,520,000 2,134,000 0 0 0

Net Claims Incurred

956,000 956,000 37,000 37,000 3,176,000 63,000 ——————— 4,232,000 1,622,000 0 48,000 4,000

Claims Ratio

82.20 82.20 80.43 80.43 98.82 64.95 ————— 93.63 76.01

2012 Direct Premiums Written: +23,840,000 2012 Underwriting Performance Summary Reinsurance Assumed........................................... Reinsurance Ceded ............................. 19,439,000 Net Premiums Written ........................... 4,401,000 Net Premiums Earned ........................... 4,520,000 Net Claims & Adj Exp ............................ 4,232,000 Commissions ............................................ 735,000 Taxes ........................................................ 710,000 General Expenses ................................. 4,991,000 Undwrwtg. Profit/Loss......................... –6,045,000 Investment Income ................................ 1,412,000

Underwriting Result 2012: 2009:

–$6,045,000 –$171,000

2011: 2008:

Growth: 17.54% %

Growth Rate (NPW) .................................. –8.64 % of Market (NPW) .................................... 0.01 Earned Loss Ratio .................................... 93.63 Total Expense Ratio ............................... 142.39 Combined Loss & Exp. Ratio ................. 236.02 Return on Equity....................................... –6.33

–$1,961,000 –$135,000

2010:

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

Prop. - Commercial ................ Prop - Total ........................... Boiler/Mach-excld .................. Total 2012............................... Total 2011............................... Total 2010............................... Total 2009............................... Total 2008...............................

Net Prems Written

190,934,000 190,934,000 50,234,000 ——————— 241,168,000 239,090,000 249,786,000 218,564,000 200,944,000

Net Prems Earned

198,728,000 198,728,000 51,477,000 ——————— 250,205,000 238,077,000 242,663,000 215,209,000 202,709,000

Net Claims Incurred

118,661,000 118,661,000 5,580,000 ——————— 124,241,000 195,923,000 146,821,000 12,743,000 240,809,000

Claims Ratio

59.71 59.71 10.84 ————— 49.66 82.29 60.50 5.92 118.80

2012 Direct Premiums Written: +269,481,000 2012 Underwriting Performance Summary Reinsurance Assumed......................... –1,402,000 Reinsurance Ceded ............................. 94,987,000 Net Premiums Written ....................... 241,168,000 Net Premiums Earned ....................... 250,205,000 Net Claims & Adj Exp ........................ 124,241,000 Commissions ..................................... –12,490,000 Taxes ................................................... 12,829,000 General Expenses ............................... 46,525,000 Undwrwtg. Profit/Loss......................... 80,880,000 Investment Income .............................. 36,281,000

Underwriting Result 2012: 2009:

84

+$80,880,000 +$157,957,000

2011: 2008:

–$115,000

D-US

Growth: 2.00% %

Growth Rate (NPW) .................................... 0.87 % of Market (NPW) .................................... 0.58 Earned Loss Ratio .................................... 49.66 Total Expense Ratio ................................. 18.73 Combined Loss & Exp. Ratio ................... 68.39 Return on Equity....................................... 19.88

–$4,224,000 –$79,777,000

2010:

+$46,224,000

canadianunderwriter.ca CANADIAN UNDERWRITER STATISTICAL ISSUE 2013


FCT

Class

Mortgage ................................ Title ......................................... Total 2012............................... Total 2011............................... Total 2010............................... Total 2009............................... Total 2008...............................

Net Prems Written

9,202,000 93,069,000 ——————— 102,271,000 169,145,000 132,734,000 114,833,000 126,367,000

Net Prems Earned

9,202,000 93,069,000 ——————— 102,271,000 169,145,000 132,734,000 114,833,000 126,367,000

Net Claims Incurred

12,342,000 19,980,000 ——————— 32,322,000 60,694,000 33,238,000 25,961,000 38,274,000

B-C

2235 Sheridan Garden Dr. Oakville ON L6J 7Y5 905-287-1000 Fax:905-287-2400 www.firstcanadiantitle.com Claims Ratio

134.12 21.47 ————— 31.60 35.88 25.04 22.61 30.29

2012 Direct Premiums Written: +110,711,000 2012 Underwriting Performance Summary Reinsurance Assumed........................................... Reinsurance Ceded ............................... 8,440,000 Net Premiums Written ....................... 102,271,000 Net Premiums Earned ....................... 102,271,000 Net Claims & Adj Exp .......................... 32,322,000 Commissions .............................................. 53,000 Taxes ..................................................... 3,614,000 General Expenses ............................... 60,997,000 Undwrwtg. Profit/Loss........................... 5,285,000 Investment Income ................................ 5,036,000

Underwriting Result 2012: 2009:

+$5,285,000 +$22,336,000

2011: 2008:

Growth: –34.60% %

Growth Rate (NPW) ................................ –39.54 % of Market (NPW) .................................... 0.25 Earned Loss Ratio .................................... 31.60 Total Expense Ratio ................................. 63.23 Combined Loss & Exp. Ratio ................... 94.83

+$31,649,000 +$15,611,000

2010:

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 ..................... Prop. - Commercial ................ Prop - Total ........................... Auto. - Liability ....................... Auto. - Pers. Acc. ................... Auto. - Other........................... Auto - Total ............................ Boiler/Mach-excld .................. Fidelity .................................... Liability ................................... Surety ..................................... Accident & Sickness...............

–22,000 2,872,000 2,850,000 975,000 90,000 210,000 1,275,000 289,000 169,000 5,629,000 2,511,000 84,000 ——————— Total 2012............................... 12,807,000 Total 2011............................... 14,026,000

Net Prems Earned

–18,000 3,010,000 2,992,000 844,000 90,000 197,000 1,131,000 324,000 191,000 6,913,000 4,111,000 94,000 ——————— 15,756,000 14,336,000

Net Claims Incurred

35,000 1,291,000 1,326,000 561,000 11,000 132,000 704,000 2,000 135,000 460,000 –12,000 23,000 ——————— 2,638,000 6,395,000

Claims Ratio

–194.44 42.89 44.32 66.47 12.22 67.01 62.25 0.62 70.68 6.65 –0.29 24.47 ————— 16.74 44.61

2012 Direct Premiums Written: +917,000 2012 Underwriting Performance Summary Reinsurance Assumed.............................. 210,000 Reinsurance Ceded ............................... 3,696,000 Net Premiums Written ......................... 12,807,000 Net Premiums Earned ......................... 15,756,000 Net Claims & Adj Exp ............................ 2,638,000 Commissions ......................................... 1,648,000 Taxes ........................................................ –58,000 General Expenses ................................. 3,670,000 Undwrwtg. Profit/Loss........................... 6,696,000 Investment Income ................................ 2,342,000

Underwriting Result 2012:

+$6,696,000

2011:

%

Growth Rate (NPW) .................................. –8.69 % of Market (NPW) .................................... 0.03 Earned Loss Ratio .................................... 16.74 Total Expense Ratio ................................. 40.76 Combined Loss & Exp. Ratio ................... 57.50 Return on Equity......................................... 9.28

+$266,000

D-C

Jim Wilson, President 1022 Main St Sussex NB E2E 2M3 506-432-1535 Fax:506-433-6788 www.fundymutual.com

Prop. - Personal ..................... Prop - Total ........................... Liability ...................................

Net Prems Written

2,365,000 2,365,000 35,000 ——————— Total 2012............................... 2,400,000 Total 2011............................... 2,306,000 Total 2010............................... 2,167,000

Net Prems Earned

2,288,000 2,288,000 39,000 ——————— 2,327,000 2,249,000 2,108,000

Net Claims Incurred

862,000 862,000 7,000 ——————— 869,000 1,141,000 661,000

Claims Ratio

37.67 37.67 17.95 ————— 37.34 50.73 31.36

2012 Direct Premiums Written: +3,393,000 2012 Underwriting Performance Summary Reinsurance Assumed........................................... Reinsurance Ceded .................................. 993,000 Net Premiums Written ........................... 2,400,000 Net Premiums Earned ........................... 2,327,000 Net Claims & Adj Exp ............................... 869,000 Commissions ............................................ 582,000 Taxes ........................................................ 123,000 General Expenses ................................. 1,327,000 Undwrwtg. Profit/Loss............................ –550,000 Investment Income ................................... 606,000

Underwriting Result 2012:

CANADIAN UNDERWRITER STATISTICAL ISSUE 2013

–$550,000

2011:

B-US

Growth: –45.25%

FUNDY MUTUAL INSURANCE COMPANY

Class

+$24,408,000

Growth: 3.89% %

Growth Rate (NPW) .................................... 4.08 % of Market (NPW) .................................... 0.01 Earned Loss Ratio .................................... 37.34 Total Expense Ratio ................................. 87.32 Combined Loss & Exp. Ratio ................. 124.66 Return on Equity......................................... 1.43

–$702,000

2010:

–$355,000

85


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

Prop. - Personal ..................... Prop. - Commercial ................ Prop - Total ........................... Auto. - Liability ....................... Auto. - Pers. Acc. ................... Auto. - Other........................... Auto - Total ............................ Boiler/Mach-excld .................. Liability ................................... Surety ..................................... Accident & Sickness............... Total 2012............................... Total 2011............................... Total 2010............................... Total 2009............................... Total 2008...............................

Net Prems Written

Net Prems Earned

Net Claims Incurred

Claims Ratio

91,124,000 31,643,000 122,767,000 82,689,000 46,609,000 43,027,000 172,325,000

86,670,000 30,511,000 117,181,000 80,466,000 45,752,000 41,761,000 167,979,000

20,713,000 1,000 40,000 ——————— 315,846,000 296,142,000 280,858,000 242,928,000 208,477,000

20,398,000 1,000 42,000 ——————— 305,601,000 289,389,000 261,506,000 223,738,000 193,764,000

42,575,000 16,455,000 59,030,000 56,591,000 46,170,000 23,018,000 125,779,000 11,000 14,028,000

49.12 53.93 50.38 70.33 100.91 55.12 74.88 0.00 68.77

——————— 198,848,000 193,176,000 178,601,000 148,977,000 131,239,000

————— 65.07 66.75 68.30 66.59 67.73

2012 Direct Premiums Written: +340,996,000 2012 Underwriting Performance Summary Reinsurance Assumed........................................... Reinsurance Ceded ............................. 25,150,000 Net Premiums Written ....................... 315,846,000 Net Premiums Earned ....................... 305,601,000 Net Claims & Adj Exp ........................ 198,848,000 Commissions ....................................... 61,754,000 Taxes ................................................... 11,047,000 General Expenses ............................... 33,676,000 Undwrwtg. Profit/Loss........................... 4,939,000 Investment Income .............................. 17,216,000

Underwriting Result 2012: 2009:

+$4,939,000 +$1,525,000

2011: 2008:

Growth: 6.67% %

Growth Rate (NPW) .................................... 6.65 % of Market (NPW) .................................... 0.76 Earned Loss Ratio .................................... 65.07 Total Expense Ratio ................................. 34.84 Combined Loss & Exp. Ratio ................... 99.91 Return on Equity......................................... 8.96

+$3,028,000 –$2,461,000

2010:

GREAT AMERICAN INSURANCE COMPANY

Prop. - Commercial ................ Prop - Total ........................... Auto. - Liability ....................... Auto. - Other........................... Auto - Total ............................ Fidelity .................................... Liability ................................... Other Apprvd. Prod. ............... Surety ..................................... Marine..................................... Total 2012............................... Total 2011............................... Total 2010............................... Total 2009............................... Total 2008...............................

86

Net Prems Written

17,860,000 17,860,000 631,000 40,000 671,000 1,675,000 16,831,000 5,000 29,000 4,474,000 ——————— 41,545,000 46,810,000 20,073,000 33,610,000 43,877,000

Net Prems Earned

17,225,000 17,225,000 618,000 151,000 769,000 1,669,000 19,569,000 6,000 84,000 4,533,000 ——————— 43,855,000 44,998,000 45,839,000 47,098,000 44,746,000

Net Claims Incurred

Claims Ratio

9,767,000 9,767,000

56.70 56.70

26,000 26,000 1,454,000 20,248,000

17.22 3.38 87.12 103.47

1,444,000 ——————— 32,939,000 37,147,000 34,005,000 25,608,000 26,947,000

31.86 ————— 75.11 82.55 74.18 54.37 60.22

2012 Direct Premiums Written: +55,875,000 2012 Underwriting Performance Summary Reinsurance Assumed.................................. 1,000 Reinsurance Ceded ............................. 14,331,000 Net Premiums Written ......................... 41,545,000 Net Premiums Earned ......................... 43,855,000 Net Claims & Adj Exp .......................... 32,939,000 Commissions ......................................... 8,065,000 Taxes ..................................................... 3,017,000 General Expenses ............................... 11,200,000 Undwrwtg. Profit/Loss....................... –11,366,000 Investment Income ................................ 5,898,000

Underwriting Result 2012: 2009:

–$11,366,000 –$17,166,000

2011: 2008:

–$1,892,000

B-F

2100-40 King St W Toronto ON M5H 3C2 416-369-5300 Fax:416-360-8877

Class

B-C

Growth: –4.12% %

Growth Rate (NPW) ................................ –11.25 % of Market (NPW) .................................... 0.10 Earned Loss Ratio .................................... 75.11 Total Expense Ratio ................................. 50.81 Combined Loss & Exp. Ratio ................. 125.92 Return on Equity........................................-1.27

–$10,311,000 –$10,319,000

2010:

+$42,206,000

canadianunderwriter.ca CANADIAN UNDERWRITER STATISTICAL ISSUE 2013



THE GUARANTEE COMPANY OF NORTH AMERICA

B-C

Alister Campbell, 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 alister.campbell@gcna.com

Class

Prop. - Personal ..................... Prop. - Commercial ................ Prop - Total ........................... Auto. - Liability ....................... Auto. - Pers. Acc. ................... Auto. - Other........................... Auto - Total ............................ Credit ...................................... Fidelity .................................... Liability ................................... Surety ..................................... Accident & Sickness............... Total 2012............................... Total 2011............................... Total 2010............................... Total 2009............................... Total 2008...............................

Net Prems Written

75,032,000 5,432,000 80,464,000 35,737,000 25,607,000 21,361,000 82,705,000 851,000 15,270,000 26,778,000 76,172,000 155,000 ——————— 282,395,000 273,811,000 266,641,000 259,189,000 250,350,000

Net Prems Earned

73,355,000 5,822,000 79,177,000 35,983,000 25,661,000 21,227,000 82,871,000 1,026,000 15,006,000 25,605,000 74,578,000 161,000 ——————— 278,424,000 274,217,000 263,882,000 251,466,000 246,625,000

Net Claims Incurred

35,337,000 2,755,000 38,092,000 46,227,000 17,158,000 572,000 63,957,000 245,000 –1,764,000 33,188,000 33,822,000 13,000 ——————— 167,553,000 174,490,000 176,952,000 195,086,000 147,033,000

Claims Ratio

48.17 47.32 48.11 128.47 66.86 2.69 77.18 23.88 –11.76 129.62 45.35 8.07 ————— 60.18 63.63 67.06 77.58 59.62

2012 Direct Premiums Written: +333,868,000 2012 Underwriting Performance Summary Reinsurance Assumed........................... 3,630,000 Reinsurance Ceded ............................. 91,902,000 Net Premiums Written ....................... 282,395,000 Net Premiums Earned ....................... 278,424,000 Net Claims & Adj Exp ........................ 167,553,000 Commissions ....................................... 61,225,000 Taxes ..................................................... 8,943,000 General Expenses ............................... 46,185,000 Undwrwtg. Profit/Loss......................... –5,483,000 Investment Income .............................. 37,212,000

Underwriting Result 2012: 2009:

–$5,483,000 –$36,469,000

2011: 2008:

Growth: 1.02% %

Growth Rate (NPW) .................................... 3.14 % of Market (NPW) .................................... 0.68 Earned Loss Ratio .................................... 60.18 Total Expense Ratio ................................. 41.79 Combined Loss & Exp. Ratio ................. 101.97 Return on Equity......................................... 7.09

–$15,985,000 +$8,831,000

2010:

HARTFORD FIRE INSURANCE COMPANY

–$10,829,000

B-US

llona V. Kirsh, Chief Agent In Canada 121 King St. West Suite 1010 PO Box 112 Toronto ON M5H 3T9

Class

Prop. - Personal ..................... Prop. - Commercial ................ Prop - Total ........................... Aircraft .................................... Auto. - Liability ....................... Auto. - Pers. Acc. ................... Auto. - Other........................... Auto - Total ............................ Boiler/Mach-excld .................. Fidelity .................................... Liability ................................... Surety ..................................... Total 2012............................... Total 2011............................... Total 2010............................... Total 2009............................... Total 2008...............................

Net Prems Written

Net Prems Earned

7,640,000 7,640,000

7,576,000 7,576,000

573,000 –2,000 223,000 794,000 –1,000 17,000 3,108,000 235,000 ——————— 11,793,000 12,668,000 12,935,000 13,644,000 16,526,000

566,000 –1,000 215,000 780,000 –1,000 17,000 4,059,000 256,000 ——————— 12,687,000 12,894,000 12,877,000 14,405,000 16,351,000

Net Claims Incurred

Claims Ratio

23,000 5,194,000 5,217,000 420,000 1,259,000 –18,000 388,000 1,629,000

0.00 68.56 68.86 0.00 222.44 1,800.00 180.47 208.85

2,000 697,000 6,000 ——————— 7,971,000 5,625,000 5,163,000 7,861,000 17,718,000

11.76 17.17 2.34 ————— 62.83 43.62 40.09 54.57 108.36

2012 Direct Premiums Written: +13,256,000 2012 Underwriting Performance Summary Reinsurance Assumed.............................. 230,000 Reinsurance Ceded ............................... 1,693,000 Net Premiums Written ......................... 11,793,000 Net Premiums Earned ......................... 12,687,000 Net Claims & Adj Exp ............................ 7,971,000 Commissions ............................................ 613,000 Taxes ........................................................ 462,000 General Expenses ................................. 3,689,000 Undwrwtg. Profit/Loss.............................. –48,000 Investment Income ................................ 5,470,000

Underwriting Result 2012: 2009:

–$48,000 +$2,978,000

2011: 2008:

Growth: –13.27% %

Growth Rate (NPW) .................................. –6.91 % of Market (NPW) .................................... 0.03 Earned Loss Ratio .................................... 62.83 Total Expense Ratio ................................. 37.55 Combined Loss & Exp. Ratio ................. 100.38 Return on Equity......................................... 3.49

+$3,734,000 –$5,160,000

2010:

+$4,635,000

INDUSTRIELLE ALLIANCE COMPAGNIE D’ASSURANCES GENERALES

D-C

Michel Laurin, President et chef de l’exploitation 925 Chemin St.-Louis, Suite 230 Quebec QC G1S 1C1 418-650-4601 Fax:418-650-4637 www.inalco.com serviceclient@iaah.ca

Class

Prop. - Personal ..................... Prop - Total ........................... Auto. - Liability ....................... Auto. - Pers. Acc. ................... Auto. - Other........................... Auto - Total ............................ Liability ................................... Total 2012............................... Total 2011............................... Total 2010............................... Total 2009............................... Total 2008...............................

Net Prems Written

72,334,000 72,334,000 48,778,000 1,566,000 148,943,000 199,287,000 –3,000 ——————— 271,618,000 218,527,000 151,461,000 128,683,000 116,894,000

Net Prems Earned

67,801,000 67,801,000 46,529,000 92,515,000 15,488,000 154,532,000 435,000 ——————— 222,768,000 181,846,000 138,162,000 122,513,000 113,933,000

Net Claims Incurred

41,768,000 41,768,000 23,908,000 160,000 51,397,000 75,465,000 225,000 ——————— 117,458,000 105,282,000 88,996,000 83,228,000 83,243,000

Claims Ratio

61.60 61.60 51.38 0.17 331.85 48.83 51.72 ————— 52.73 57.90 64.41 67.93 73.06

2012 Direct Premiums Written: +276,348,000 2012 Underwriting Performance Summary Reinsurance Assumed........................................... Reinsurance Ceded ............................... 4,730,000 Net Premiums Written ....................... 271,618,000 Net Premiums Earned ....................... 222,768,000 Net Claims & Adj Exp ........................ 117,458,000 Commissions ....................................... 10,718,000 Taxes ..................................................... 6,930,000 General Expenses ............................... 39,465,000 Undwrwtg. Profit/Loss........................... 8,214,000 Investment Income ................................ 3,964,000

Underwriting Result 2012: 2009:

88

+$8,214,000 +$8,489,000

2011: 2008:

Growth: 24.51% %

Growth Rate (NPW) .................................. 24.29 % of Market (NPW) .................................... 0.65 Earned Loss Ratio .................................... 52.73 Total Expense Ratio ................................. 25.64 Combined Loss & Exp. Ratio ................... 78.37 Return on Equity....................................... 20.24

+$4,362,000 +$1,447,000

2010:

+$12,081,000

canadianunderwriter.ca CANADIAN UNDERWRITER STATISTICAL ISSUE 2013


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PROGRAMS • Public Entity • Credit Insurance


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 ........................... Aircraft .................................... Auto. - Liability ....................... Auto. - Pers. Acc. ................... Auto. - Other........................... Auto - Total ............................ Boiler/Mach-excld .................. Fidelity .................................... Hail ......................................... Legal Expense ........................ Liability ................................... Surety ..................................... Marine..................................... Accident & Sickness............... Total 2012............................... Total 2011............................... Total 2010............................... Total 2009............................... Total 2008...............................

Net Prems Written

Net Prems Earned

1,459,558,000 833,089,000 2,292,647,000

1,438,101,000 813,810,000 2,251,911,000

1,725,601,000 597,027,000 1,228,368,000 3,550,996,000 41,510,000 2,280,000 160,000 5,270,000 301,501,000 67,638,000 28,268,000 –198,000 ——————— 6,290,072,000 4,340,614,000 4,352,337,000 4,151,289,000 4,072,139,000

1,694,113,000 592,557,000 1,223,506,000 3,510,176,000 28,085,000 3,718,000 105,000 5,013,000 343,814,000 66,064,000 29,800,000 3,973,000 ——————— 6,242,659,000 4,334,138,000 4,231,326,000 4,055,375,000 4,039,436,000

Net Claims Incurred

830,653,000 545,271,000 1,375,924,000 –654,000 1,210,319,000 379,629,000 787,525,000 2,377,473,000 6,867,000 –3,255,000 4,000 5,052,000 101,812,000 –975,000 18,908,000 65,000 ——————— 3,881,221,000 2,880,688,000 2,802,014,000 2,877,237,000 2,806,289,000

Claims Ratio

57.76 67.00 61.10 0.00 71.44 64.07 64.37 67.73 24.45 –87.55 3.81 100.78 29.61 –1.48 63.45 1.64 ————— 62.17 66.47 66.22 70.95 69.47

2012 Direct Premiums Written: +6,748,537,000 2012 Underwriting Performance Summary Reinsurance Assumed................................ 60,000 Reinsurance Ceded ........................... 458,525,000 Net Premiums Written .................... 6,290,072,000 Net Premiums Earned .................... 6,242,659,000 Net Claims & Adj Exp ..................... 3,881,221,000 Commissions .................................. 1,080,380,000 Taxes ................................................. 227,762,000 General Expenses ............................. 646,128,000 Undwrwtg. Profit/Loss....................... 407,168,000 Investment Income ............................ 347,310,000

Underwriting Result 2012: 2009:

+$407,168,000 +$12,350,000

2011: 2008:

Growth: 46.26% %

Growth Rate (NPW) .................................. 44.91 % of Market (NPW) .................................. 15.06 Earned Loss Ratio .................................... 62.17 Total Expense Ratio ................................. 31.31 Combined Loss & Exp. Ratio ................... 93.48 Return on Equity....................................... 10.42

+$124,127,000 +$66,974,000

2010:

JEVCO INSURANCE COMPANY

Prop. - Personal ..................... Prop. - Commercial ................ Prop - Total ........................... Auto. - Liability ....................... Auto. - Pers. Acc. ................... Auto. - Other........................... Auto - Total ............................ Liability ................................... Surety ..................................... Total 2012............................... Total 2011............................... Total 2010............................... Total 2009............................... Total 2008...............................

Net Prems Written

5,497,000 25,102,000 30,599,000 129,985,000 92,917,000 84,155,000 307,057,000 10,828,000 24,135,000 ——————— 372,619,000 333,361,000 311,924,000 171,767,000 203,979,000

Net Prems Earned

4,483,000 23,140,000 27,623,000 127,253,000 90,862,000 82,741,000 300,856,000 9,831,000 27,245,000 ——————— 365,555,000 326,109,000 306,919,000 213,946,000 203,920,000

Net Claims Incurred

3,859,000 19,054,000 22,913,000 105,209,000 97,264,000 43,798,000 246,271,000 6,661,000 13,098,000 ——————— 288,943,000 217,940,000 213,439,000 175,340,000 143,886,000

Claims Ratio

86.08 82.34 82.95 82.68 107.05 52.93 81.86 67.76 48.07 ————— 79.04 66.83 69.54 81.96 70.56

2012 Direct Premiums Written: +389,461,000 2012 Underwriting Performance Summary Reinsurance Assumed........................................... Reinsurance Ceded ............................. 16,842,000 Net Premiums Written ....................... 372,619,000 Net Premiums Earned ....................... 365,555,000 Net Claims & Adj Exp ........................ 288,943,000 Commissions ....................................... 62,235,000 Taxes ................................................... 12,077,000 General Expenses ............................... 35,970,000 Undwrwtg. Profit/Loss....................... –33,670,000 Investment Income .............................. 53,673,000

Underwriting Result 2012: 2009:

–$33,670,000 –$37,865,000

2011: 2008:

+$157,397,000

B-C

5250 Boul Decarie, Suite 100 Montreal QC H3X 2H9 514-284-9350 Fax:514-289-9257 www.jevco.ca

Class

B-F

Growth: 11.29% %

Growth Rate (NPW) .................................. 11.78 % of Market (NPW) .................................... 0.90 Earned Loss Ratio .................................... 79.04 Total Expense Ratio ................................. 30.17 Combined Loss & Exp. Ratio ................. 109.21 Return on Equity....................................... 40.16

+$14,630,000 –$5,161,000

2010:

THE KINGS MUTUAL INSURANCE COMPANY

+$5,046,000

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

Prop. - Personal ..................... Prop. - Commercial ................ Prop - Total ........................... Liability ................................... Total 2012............................... Total 2011............................... Total 2010............................... Total 2009............................... Total 2008...............................

Net Prems Written

5,566,000 155,000 5,721,000 852,000 ——————— 6,573,000 6,371,000 6,087,000 5,897,000 5,523,000

Net Prems Earned

5,480,000 152,000 5,632,000 855,000 ——————— 6,487,000 6,169,000 5,891,000 5,799,000 5,405,000

Net Claims Incurred

1,969,000 –22,000 1,947,000 331,000 ——————— 2,278,000 1,495,000 3,643,000 2,405,000 3,448,000

Claims Ratio

35.93 –14.47 34.57 38.71 ————— 35.12 24.23 61.84 41.47 63.79

2012 Direct Premiums Written: +7,543,000 2012 Underwriting Performance Summary Reinsurance Assumed................................ 16,000 Reinsurance Ceded .................................. 986,000 Net Premiums Written ........................... 6,573,000 Net Premiums Earned ........................... 6,487,000 Net Claims & Adj Exp ............................ 2,278,000 Commissions ......................................... 1,311,000 Taxes ........................................................ 211,000 General Expenses ................................. 2,665,000 Undwrwtg. Profit/Loss............................ –682,000 Investment Income ................................ 1,485,000

Underwriting Result 2012: 2009:

90

–$682,000 –$614,000

2011: 2008:

Growth: 3.54% %

Growth Rate (NPW) .................................... 3.17 % of Market (NPW) .................................... 0.02 Earned Loss Ratio .................................... 35.12 Total Expense Ratio ................................. 64.54 Combined Loss & Exp. Ratio ................... 99.66 Return on Equity......................................... 2.56

–$369,000 –$1,822,000

2010:

–$1,410,000

canadianunderwriter.ca CANADIAN UNDERWRITER STATISTICAL ISSUE 2013


LAWYERS’ PROFESSIONAL INDEMNITY COMPANY D-C Iveri Vv Boudville 250 Yonge St Suite 3101 Toronto ON M5B 2L7 416-598-5831

Class

Net Prems Written

Liability ................................... Title .........................................

98,865,000 5,912,000 ——————— Total 2012............................... 104,777,000 Total 2011............................... 109,784,000

Net Prems Earned

98,805,000 5,912,000 ——————— 104,717,000 109,691,000

Net Claims Incurred

100,345,000 5,761,000 ——————— 106,106,000 100,989,000

Claims Ratio

101.56 97.45 ————— 101.33 92.07

2012 Direct Premiums Written: +110,676,000 2012 Underwriting Performance Summary Reinsurance Assumed........................................... Reinsurance Ceded ............................... 5,899,000 Net Premiums Written ....................... 104,777,000 Net Premiums Earned ....................... 104,717,000 Net Claims & Adj Exp ........................ 106,106,000 Commissions ....................................... –3,841,000 Taxes ..................................................... 3,321,000 General Expenses ............................... 18,390,000 Undwrwtg. Profit/Loss....................... –19,259,000 Investment Income .............................. 14,893,000

Underwriting Result 2012:

–$19,259,000

2011:

Growth: –4.37% %

Growth Rate (NPW) .................................. –4.56 % of Market (NPW) .................................... 0.25 Earned Loss Ratio .................................. 101.33 Total Expense Ratio ................................. 17.07 Combined Loss & Exp. Ratio ................. 118.40 Return on Equity....................................... –1.72

–$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

Class

Prop. - Personal ..................... Prop - Total ........................... Credit Protection .................... Accident & Sickness............... Total 2012............................... Total 2011............................... Total 2010............................... Total 2009............................... Total 2008...............................

Net Prems Written

237,000 237,000 –237,000 12,082,000 ——————— 12,082,000 13,893,000 29,288,000 33,769,000 35,527,000

Net Prems Earned

237,000 237,000 –237,000 9,718,000 ——————— 9,718,000 11,381,000 25,192,000 31,357,000 37,485,000

Net Claims Incurred

–1,000 –1,000 16,000 2,672,000 ——————— 2,687,000 5,596,000 3,841,000 5,179,000 4,160,000

Claims Ratio

–0.42 –0.42 –6.75 27.50 ————— 27.65 49.17 15.25 16.52 11.10

2012 Direct Premiums Written: +17,567,000 2012 Underwriting Performance Summary Reinsurance Assumed........................... 4,173,000 Reinsurance Ceded ............................... 9,658,000 Net Premiums Written ......................... 12,082,000 Net Premiums Earned ........................... 9,718,000 Net Claims & Adj Exp ............................ 2,687,000 Commissions ......................................... 2,681,000 Taxes ........................................................ 346,000 General Expenses ................................. 1,800,000 Undwrwtg. Profit/Loss........................... 2,204,000 Investment Income ................................... 986,000

Underwriting Result 2012: 2009:

+$2,204,000 +$3,928,000

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.

Class

Prop. - Personal ..................... Prop. - Commercial ................ Prop - Total ........................... Aircraft .................................... Auto. - Liability ....................... Auto. - Pers. Acc. ................... Auto. - Other........................... Auto - Total ............................ Boiler/Mach-excld .................. Credit ...................................... Fidelity .................................... Hail ......................................... Legal Expense ........................ Liability ................................... Surety ..................................... Marine..................................... Accident & Sickness............... Total 2012............................... Total 2011............................... Total 2010............................... Total 2009............................... Total 2008...............................

Net Prems Written

120,759,000 829,090,000 949,849,000 42,938,000 5,527,000 400,000 23,629,000 29,556,000 27,415,000 –5,672,000 15,336,000 453,000 272,000 883,946,000 2,472,000 73,342,000 74,055,000 ——————— 2,093,962,000 2,206,620,000 1,959,781,000 1,729,476,000 1,630,629,000

Net Prems Earned

117,128,000 803,006,000 920,134,000 48,747,000 5,198,000 319,000 22,197,000 27,714,000 23,171,000 –2,581,000 16,135,000 389,000 488,000 867,321,000 2,245,000 73,564,000 74,511,000 ——————— 2,051,838,000 2,206,620,000 1,959,781,000 1,729,476,000 1,630,629,000

Net Claims Incurred

60,666,000 381,762,000 442,428,000 19,435,000 –5,563,000 –4,999,000 26,509,000 15,947,000 17,147,000 428,000 12,488,000 279,000 183,000 524,898,000 622,000 –15,422,000 24,474,000 ——————— 1,042,907,000 1,397,802,000 1,148,320,000 820,366,000 824,946,000

CANADIAN UNDERWRITER STATISTICAL ISSUE 2013

Claims Ratio

51.79 47.54 48.08 39.87 –107.02 –1,567.08 119.43 57.54 74.00 –16.58 77.40 71.72 37.50 60.52 27.71 –20.96 32.85 ————— 50.83 63.35 58.59 47.43 50.59

2011: 2008:

Growth: –16.90% %

Growth Rate (NPW) ................................ –13.04 % of Market (NPW) .................................... 0.03 Earned Loss Ratio .................................... 27.65 Total Expense Ratio ................................. 49.67 Combined Loss & Exp. Ratio ................... 77.32

+$2,000 +$10,347,000

2010:

B-UK

Reinsurance Assumed....................... 338,469,000 Reinsurance Ceded ............................................... Net Premiums Written .................... 2,093,962,000 Net Premiums Earned .................... 2,051,838,000 Net Claims & Adj Exp ..................... 1,042,907,000 Commissions ..................................... 488,197,000 Taxes ................................................... 61,758,000 General Expenses ................................. 7,062,000 Undwrwtg. Profit/Loss....................... 451,914,000 Investment Income .............................. 78,629,000 2012: 2009:

+$451,914,000 +$415,397,000

+$1,804,000

Sean Murphy, President, Lloyd’s Canada; Attorney Infact, Lloyd’s Underwriters 1155 Rue Metcalfe, Suite 2220, Montreal QC H3B 2V6 514-861-8361, Fax:514-861-0470 www.lloyds.com, info@lloyds.ca

2012 Direct Premiums Written: +1,703,733,000 2012 Underwriting Performance Summary

Underwriting Result

D-C

2011: 2008:

Growth: –5.27% %

Growth Rate (NPW) .................................. –5.11 % of Market (NPW) .................................... 5.04 Earned Loss Ratio .................................... 50.83 Total Expense Ratio ................................. 27.16 Combined Loss & Exp. Ratio ................... 77.99 Return on Equity....................................... 27.10

+$206,868,000 +$369,804,000

2010:

+$289,144,000

91


LIBERTY MUTUAL INSURANCE COMPANY Michael Molony, Chief Agent

D-US

181 Bay St., Suite 1000, Brookfield Place Toronto ON M5J 2T3 416-365-7587 Fax:416-307-4372 www.libertymutual.com

Class

Prop. - Commercial ................ Prop - Total ........................... Aircraft .................................... Auto. - Liability ....................... Auto. - Pers. Acc. ................... Auto. - Other........................... Auto - Total ............................ Fidelity .................................... Liability ................................... Surety ..................................... Marine..................................... Total 2012............................... Total 2011............................... Total 2010............................... Total 2009............................... Total 2008...............................

Net Prems Written

26,435,000 26,435,000 1,395,000 18,263,000 1,763,000 8,370,000 28,396,000 3,044,000 64,966,000 1,994,000 2,662,000 ——————— 128,892,000 122,119,000 117,575,000 109,236,000 104,138,000

Net Prems Earned

23,389,000 23,389,000 1,552,000 19,096,000 1,994,000 8,433,000 29,523,000 2,909,000 64,694,000 1,266,000 2,805,000 ——————— 126,138,000 117,070,000 116,994,000 111,662,000 86,010,000

Net Claims Incurred

13,371,000 13,371,000 1,064,000 11,147,000 4,475,000 6,139,000 21,761,000 2,302,000 54,946,000 444,000 –165,000 ——————— 93,723,000 82,946,000 58,767,000 43,049,000 54,869,000

Claims Ratio

57.17 57.17 68.56 58.37 224.42 72.80 73.71 79.13 84.93 35.07 –5.88 ————— 74.30 70.85 50.23 38.55 63.79

2012 Direct Premiums Written: +214,867,000 2012 Underwriting Performance Summary

%

Reinsurance Assumed......................... 16,107,000 Reinsurance Ceded ........................... 145,818,000 Net Premiums Written ....................... 128,892,000 Net Premiums Earned ....................... 126,138,000 Net Claims & Adj Exp .......................... 93,723,000 Commissions ....................................... –6,593,000 Taxes ..................................................... 9,403,000 General Expenses ............................... 28,352,000 Undwrwtg. Profit/Loss........................... 1,253,000 Investment Income .............................. 26,402,000

Underwriting Result 2012: 2009:

+$1,253,000 +$32,216,000

2011: 2008:

Growth: 1.92%

Growth Rate (NPW) .................................... 5.55 % of Market (NPW) .................................... 0.31 Earned Loss Ratio .................................... 74.30 Total Expense Ratio ................................. 24.70 Combined Loss & Exp. Ratio ................... 99.00 Return on Equity......................................... 3.50

–$3,098,000 +$3,198,000

2010:

+$28,475,000

THE MEARIE GROUP

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

Class

Prop. - Commercial ................ Prop - Total ........................... Auto. - Liability ....................... Auto. - Pers. Acc. ................... Auto. - Other........................... Auto - Total ............................ Liability ................................... Total 2012............................... Total 2011............................... Total 2010............................... Total 2008...............................

Net Prems Written

396,000 396,000 205,000 76,000 304,000 585,000 4,787,000 ——————— 5,768,000 6,772,000 4,846,000 6,947,000

Net Prems Earned

396,000 396,000 205,000 76,000 304,000 585,000 4,787,000 ——————— 5,768,000 6,772,000 4,846,000 6,947,000

Net Claims Incurred

6,000 6,000 24,000 9,000 36,000 69,000 3,492,000 ——————— 3,567,000 1,775,000 1,504,000 1,719,000

Claims Ratio

1.52 1.52 11.71 11.84 11.84 11.79 72.95 ————— 61.84 26.21 31.04 24.74

2012 Direct Premiums Written: +9,406,000 2012 Underwriting Performance Summary Reinsurance Assumed........................................... Reinsurance Ceded ............................... 3,638,000 Net Premiums Written ........................... 5,768,000 Net Premiums Earned ........................... 5,768,000 Net Claims & Adj Exp ............................ 3,567,000 Commissions ......................................................... Taxes ........................................................ 296,000 General Expenses ................................. 2,227,000 Undwrwtg. Profit/Loss............................ –252,000 Investment Income ................................ 2,698,000

Underwriting Result 2012:

–$252,000

2011:

Growth: –12.79% %

Growth Rate (NPW) ................................ –14.83 % of Market (NPW) .................................... 0.01 Earned Loss Ratio .................................... 61.84 Total Expense Ratio ................................... 0.00 Combined Loss & Exp. Ratio ..................... 0.00 Return on Equity......................................... 4.80

+$2,467,000

2010:

+$978,000

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

Prop. - Personal ..................... Prop. - Commercial ................ Prop - Total ........................... Auto. - Liability ....................... Auto. - Other........................... Auto - Total ............................ Boiler/Mach-excld .................. Liability ................................... Accident & Sickness............... Total 2012............................... Total 2011............................... Total 2010............................... Total 2009............................... Total 2008...............................

92

Net Prems Written

5,364,000 938,000 6,302,000 55,000 46,000 101,000 613,000 3,000 ——————— 7,019,000 6,472,000 6,058,000 5,601,000 5,488,000

Net Prems Earned

4,749,000 1,287,000 6,036,000 73,000 4,000 77,000 26,000 434,000 3,000 ——————— 6,576,000 6,245,000 5,877,000 5,441,000 5,201,000

Net Claims Incurred

Claims Ratio

6,625,000 1,504,000 8,129,000

139.50 116.86 134.68

114,000 114,000

2,850.00 148.05

315,000

72.58

——————— 8,558,000 3,663,000 3,181,000 2,209,000 3,038,000

————— 130.14 58.65 54.13 40.60 58.41

2012 Direct Premiums Written: +14,542,000 2012 Underwriting Performance Summary Reinsurance Assumed........................................... Reinsurance Ceded ............................... 7,523,000 Net Premiums Written ........................... 7,019,000 Net Premiums Earned ........................... 6,576,000 Net Claims & Adj Exp ............................ 8,558,000 Commissions ............................................ 328,000 Taxes ..................................................................... General Expenses ................................. 1,736,000 Undwrwtg. Profit/Loss.............................. 428,000 Investment Income ................................... 230,000

Underwriting Result 2012: 2009:

+$428,000 +$1,499,000

2011: 2008:

Growth: 8.48% %

Growth Rate (NPW) .................................... 8.45 % of Market (NPW) .................................... 0.02 Earned Loss Ratio .................................. 130.14 Total Expense Ratio ................................... 0.00 Combined Loss & Exp. Ratio ..................... 0.00 Return on Equity......................................... 8.10

+$859,000 +$365,000

2010:

+$766,000

canadianunderwriter.ca CANADIAN UNDERWRITER STATISTICAL ISSUE 2013



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

Prop. - Personal ..................... Prop. - Commercial ................ Prop - Total ........................... Aircraft .................................... Auto. - Liability ....................... Auto. - Pers. Acc. ................... Auto. - Other........................... Auto - Total ............................ Boiler/Mach-excld .................. Fidelity .................................... Liability ................................... Marine..................................... Total 2012............................... Total 2011............................... Total 2010............................... Total 2009............................... Total 2008...............................

Net Prems Written

138,000 5,743,000 5,881,000 6,055,000 4,039,000 6,000 25,000 4,070,000 291,000 124,000 4,413,000 183,000 ——————— 21,017,000 20,739,000 21,868,000 22,230,000 24,974,000

Net Prems Earned

145,000 5,634,000 5,779,000 6,448,000 3,993,000 79,000 10,000 4,082,000 289,000 113,000 4,229,000 201,000 ——————— 21,141,000 20,635,000 21,778,000 24,080,000 26,159,000

Net Claims Incurred

34,000 2,269,000 2,303,000 2,198,000 2,854,000 12,000 6,000 2,872,000 –8,000 –12,000 2,072,000 54,000 ——————— 9,479,000 15,145,000 14,171,000 5,944,000 19,523,000

Claims Ratio

23.45 40.27 39.85 34.09 71.48 15.19 60.00 70.36 –2.77 –10.62 49.00 26.87 ————— 44.84 73.39 65.07 24.68 74.63

2012 Direct Premiums Written: +23,326,000 2012 Underwriting Performance Summary Reinsurance Assumed.............................. 215,000 Reinsurance Ceded ............................... 2,524,000 Net Premiums Written ......................... 21,017,000 Net Premiums Earned ......................... 21,141,000 Net Claims & Adj Exp ............................ 9,479,000 Commissions ......................................... 2,316,000 Taxes ........................................................ 795,000 General Expenses ................................. 3,439,000 Undwrwtg. Profit/Loss........................... 5,112,000 Investment Income ................................ 2,152,000

Underwriting Result 2012: 2009:

+$5,112,000 +$11,171,000

2011: 2008:

Growth: 2.86% %

Growth Rate (NPW) .................................... 1.34 % of Market (NPW) .................................... 0.05 Earned Loss Ratio .................................... 44.84 Total Expense Ratio ................................. 30.98 Combined Loss & Exp. Ratio ................... 75.82 Return on Equity....................................... 13.58

–$866,000 –$475,000

2010:

MOTORS INSURANCE CORPORATION

+$1,405,000

C.W. Hastings, Director Canadian Operations 8500 Leslie St., Suite 400 Thornhill ON L3T 7M8 905-882-3900 Fax:905-882-3955

Class

Prop. - Personal ..................... Prop - Total ........................... Auto. - Liability ....................... Auto. - Pers. Acc. ................... Auto. - Other........................... Auto - Total ............................ Liability ................................... Total 2012............................... Total 2011............................... Total 2010............................... Total 2009............................... Total 2008...............................

Net Prems Written

11,846,000 11,846,000 24,342,000 22,799,000 17,259,000 64,400,000 –20,238,000 ——————— 56,008,000 134,752,000 136,151,000 129,376,000 209,219,000

Net Prems Earned

11,596,000 11,596,000 27,475,000 23,162,000 18,893,000 69,530,000 48,535,000 ——————— 129,661,000 153,871,000 160,488,000 183,782,000 209,054,000

Net Claims Incurred

3,504,000 3,504,000 17,389,000 14,445,000 20,947,000 52,781,000 27,666,000 ——————— 83,951,000 97,513,000 115,206,000 107,688,000 136,478,000

Claims Ratio

30.22 30.22 63.29 62.37 110.87 75.91 57.00 ————— 64.75 63.37 71.78 58.60 65.28

2012 Direct Premiums Written: +159,932,000 2012 Underwriting Performance Summary Reinsurance Assumed........................................... Reinsurance Ceded ........................... 103,924,000 Net Premiums Written ......................... 56,008,000 Net Premiums Earned ....................... 129,661,000 Net Claims & Adj Exp .......................... 83,951,000 Commissions ......................................... 9,760,000 Taxes ..................................................... 4,689,000 General Expenses ................................. 5,675,000 Undwrwtg. Profit/Loss......................... 27,150,000 Investment Income .............................. 29,035,000

Underwriting Result 2012: 2009:

+$27,150,000 +$45,877,000

2011: 2008:

D-US

Growth: –7.54% %

Growth Rate (NPW) ................................ –58.44 % of Market (NPW) .................................... 0.13 Earned Loss Ratio .................................... 64.75 Total Expense Ratio ................................. 44.80 Combined Loss & Exp. Ratio ................. 109.55 Return on Equity....................................... 17.12

+$33,403,000 +$38,321,000

2010:

+$22,274,000

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

Prop. - Personal ..................... Prop. - Commercial ................ Prop - Total ........................... Boiler/Mach-excld .................. Liability ................................... Total 2012............................... Total 2011............................... Total 2010............................... Total 2009............................... Total 2008...............................

Net Prems Written

30,441,000 5,755,000 36,196,000 2,140,000 ——————— 38,336,000 32,802,000 25,186,000 19,058,000 15,163,000

Net Prems Earned

27,566,000 6,019,000 33,585,000 1,000 1,962,000 ——————— 35,548,000 29,561,000 23,965,000 16,972,000 13,004,000

Net Claims Incurred

Claims Ratio

12,975,000 7,852,000 20,827,000

47.07 130.45 62.01

1,458,000 ——————— 22,285,000 15,862,000 8,874,000 10,397,000 5,485,000

74.31 ————— 62.69 53.66 37.03 61.26 42.18

2012 Direct Premiums Written: +46,366,000 2012 Underwriting Performance Summary Reinsurance Assumed........................................... Reinsurance Ceded ............................... 8,030,000 Net Premiums Written ......................... 38,336,000 Net Premiums Earned ......................... 35,548,000 Net Claims & Adj Exp .......................... 22,285,000 Commissions ......................................... 9,971,000 Taxes ........................................................ 124,000 General Expenses ................................. 4,321,000 Undwrwtg. Profit/Loss......................... –1,091,000 Investment Income ................................ 1,482,000

Underwriting Result 2012: 2009:

94

–$1,091,000 +$246,000

2011: 2008:

Growth: 17.55% %

Growth Rate (NPW) .................................. 16.87 % of Market (NPW) .................................... 0.09 Earned Loss Ratio .................................... 62.69 Total Expense Ratio ................................. 40.55 Combined Loss & Exp. Ratio ................. 103.24 Return on Equity......................................... 1.17

+$1,534,000 +$2,882,000

2010:

+$4,956,000

canadianunderwriter.ca CANADIAN UNDERWRITER STATISTICAL ISSUE 2013


NORTH WATERLOO FARMERS MUTUAL Carlos A Rodrigues, President & C.E.O. INSURANCE COMPANY 100 Erb St. E.

B-C

Waterloo ON N2J 1L9 519-886-4530 Fax:519-746-0222 www.nwfm.com

Class

Prop. - Personal ..................... Prop. - Commercial ................ Prop - Total ........................... Auto. - Liability ....................... Auto. - Pers. Acc. ................... Auto. - Other........................... Auto - Total ............................ Boiler/Mach-excld .................. Hail ......................................... Liability ................................... Accident & Sickness............... Total 2012............................... Total 2011............................... Total 2010............................... Total 2009............................... Total 2008...............................

Net Prems Written

Net Prems Earned

Net Claims Incurred

Claims Ratio

24,921,000 12,317,000 37,238,000 10,744,000 10,127,000 12,262,000 33,133,000

23,993,000 11,605,000 35,598,000 10,887,000 9,899,000 12,340,000 33,126,000

8,101,000 5,726,000 13,827,000 13,125,000 3,030,000 6,836,000 22,991,000 1,000

33.76 49.34 38.84 120.56 30.61 55.40 69.40 0.00

157,000 3,838,000 9,000 ——————— 74,375,000 70,695,000 61,030,000 54,526,000 49,382,000

157,000 3,702,000 9,000 ——————— 72,592,000 65,525,000 57,090,000 52,339,000 46,261,000

3,008,000 11,000 ——————— 39,838,000 39,216,000 34,096,000 30,950,000 34,020,000

81.25 122.22 ————— 54.88 59.85 59.72 59.13 73.54

2012 Direct Premiums Written: +83,083,000 2012 Underwriting Performance Summary Reinsurance Assumed........................................... Reinsurance Ceded ............................... 8,708,000 Net Premiums Written ......................... 74,375,000 Net Premiums Earned ......................... 72,592,000 Net Claims & Adj Exp .......................... 39,838,000 Commissions ....................................... 15,665,000 Taxes ..................................................... 2,383,000 General Expenses ................................. 9,924,000 Undwrwtg. Profit/Loss........................... 5,929,000 Investment Income ................................ 2,459,000

Underwriting Result 2012: 2009:

+$5,929,000 +$1,845,000

2011: 2008:

Growth: 6.20% %

Growth Rate (NPW) .................................... 5.21 % of Market (NPW) .................................... 0.18 Earned Loss Ratio .................................... 54.88 Total Expense Ratio ................................. 38.53 Combined Loss & Exp. Ratio ................... 93.41 Return on Equity....................................... 13.94

+$2,641,000 –$5,478,000

2010:

+$1,333,000

NORTHBRIDGE FINANCIAL CORPORATION Northbridge Group financial data in this publication reflects an aggregation of subsidiary financial data prepared on a statutory basis. Financial data by class reflects subsidiary financial data transacted in all jurisdictions

Class

Prop. - Personal ..................... Prop. - Commercial ................ Prop - Total ........................... Auto. - Liability ....................... Auto. - Pers. Acc. ................... Auto. - Other........................... Auto - Total ............................ Boiler/Mach-excld .................. Fidelity .................................... Liability ................................... Surety ..................................... Marine..................................... Total 2012............................... Total 2011............................... Total 2010............................... Total 2009............................... Total 2008...............................

Net Prems Written

54,096,000 251,617,000 305,713,000 220,021,000 59,978,000 147,072,000 427,071,000 4,541,000 2,183,000 181,763,000 1,480,000 27,303,000 ——————— 950,054,000 1,085,923,000 1,007,728,000 1,042,176,000 1,151,819,000

Net Prems Earned

56,655,000 270,543,000 327,198,000 231,610,000 64,516,000 143,973,000 440,099,000 4,064,000 2,309,000 184,710,000 1,982,000 27,237,000 ——————— 987,599,000 1,059,816,000 1,021,415,000 1,091,012,000 1,121,260,000

Net Claims Incurred

20,733,000 189,027,000 209,760,000 189,534,000 76,999,000 89,109,000 355,642,000 147,000 693,000 165,480,000 615,000 19,494,000 ——————— 751,831,000 760,109,000 772,929,000 742,947,000 920,985,000

Claims Ratio

36.60 69.87 64.11 81.83 119.35 61.89 80.81 3.62 30.01 89.59 31.03 71.57 ————— 76.13 71.72 75.67 68.10 82.14

B-C

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

2012 Direct Premiums Written: +1,161,920,000 2012 Underwriting Performance Summary Reinsurance Assumed........................... 3,757,000 Reinsurance Ceded ........................... 241,026,000 Net Premiums Written ....................... 950,054,000 Net Premiums Earned ....................... 987,599,000 Net Claims & Adj Exp ........................ 751,831,000 Commissions ..................................... 147,917,000 Taxes ................................................... 43,012,000 General Expenses ............................. 169,616,000 Undwrwtg. Profit/Loss..................... –118,858,000 Investment Income .............................. –4,268,000

Underwriting Result 2012: 2009:

–$118,858,000 –$34,108,000

2011: 2008:

Growth: –3.80% %

Growth Rate (NPW) ................................ –11.89 % of Market (NPW) .................................... 2.29 Earned Loss Ratio .................................... 76.13 Total Expense Ratio ................................. 36.51 Combined Loss & Exp. Ratio ................. 112.64 Return on Equity....................................... –5.19

–$61,314,000 –$81,933,000

2010:

OLD REPUBLIC INSURANCE Paul Field, Chief Executive Officer COMPANY OF CANADA Box 557, 100 King St W

–$82,912,000

D-US

Hamilton ON L8N 3K9 905-523-5936 Fax:905-528-4685 pfield@orican.com

Class

Prop. - Personal ..................... Prop. - Commercial ................ Prop - Total ........................... Aircraft .................................... Auto. - Liability ....................... Auto. - Pers. Acc. ................... Auto. - Other........................... Auto - Total ............................ Liability ................................... Total 2012............................... Total 2011............................... Total 2010............................... Total 2009............................... Total 2008...............................

Net Prems Written

40,000 5,878,000 5,918,000 29,535,000 4,089,000 12,559,000 46,183,000 3,700,000 ——————— 55,801,000 49,764,000 45,920,000 35,431,000 31,096,000

Net Prems Earned

58,000 5,440,000 5,498,000 2,000 27,549,000 3,828,000 11,702,000 43,079,000 3,610,000 ——————— 52,189,000 46,880,000 41,661,000 32,028,000 32,251,000

Net Claims Incurred

–60,000 5,419,000 5,359,000 –8,000 21,385,000 3,734,000 9,632,000 34,751,000 258,000 ——————— 40,360,000 30,921,000 27,693,000 18,283,000 21,153,000

CANADIAN UNDERWRITER STATISTICAL ISSUE 2013

Claims Ratio

–103.45 99.61 97.47 –400.00 77.63 97.54 82.31 80.67 7.15 ————— 77.33 65.96 66.47 57.08 65.59

2012 Direct Premiums Written: +70,603,000 2012 Underwriting Performance Summary Reinsurance Assumed........................................... Reinsurance Ceded ............................. 14,802,000 Net Premiums Written ......................... 55,801,000 Net Premiums Earned ......................... 52,189,000 Net Claims & Adj Exp .......................... 40,360,000 Commissions ......................................... 6,724,000 Taxes ..................................................... 1,901,000 General Expenses ................................. 4,876,000 Undwrwtg. Profit/Loss......................... –1,672,000 Investment Income ................................ 3,771,000

Underwriting Result 2012: 2009:

–$1,672,000 +$2,644,000

2011: 2008:

Growth: 12.28% %

Growth Rate (NPW) .................................. 12.13 % of Market (NPW) .................................... 0.13 Earned Loss Ratio .................................... 77.33 Total Expense Ratio ................................. 38.75 Combined Loss & Exp. Ratio ................. 116.08 Return on Equity......................................... 2.87

+$3,601,000 –$967,000

2010:

+$2,985,000

95


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

Prop. - Personal ..................... Prop. - Commercial ................ Prop - Total ........................... Aircraft .................................... Auto. - Liability ....................... Auto. - Other........................... Auto - Total ............................ Boiler/Mach-excld .................. Fidelity .................................... Liability ................................... Surety ..................................... Marine..................................... Accident & Sickness............... Total 2012............................... Total 2011............................... Total 2010............................... Total 2009............................... Total 2008...............................

Net Prems Written

Net Prems Earned

15,618,000 157,000 15,775,000 –6,000

15,490,000 203,000 15,693,000 –6,000

0

0

2,180,000 –22,000 ——————— 17,927,000 18,437,000 14,568,000 1,993,000 2,269,000

3,082,000 –22,000 ——————— 18,747,000 18,430,000 13,696,000 1,524,000 1,697,000

Net Claims Incurred

9,483,000 –1,862,000 7,621,000 –2,000 948,000 2,000 950,000 –6,000 233,000 4,944,000 –350,000 –18,000 15,000 ——————— 13,387,000 12,617,000 6,749,000 711,000 535,000

Claims Ratio

61.22 –917.24 48.56 33.33 0.00 0.00 0.00 0.00 160.42 1,590.91 0.00 0.00 ————— 71.41 68.46 49.28 46.65 31.53

2012 Direct Premiums Written: +23,888,000 2012 Underwriting Performance Summary Reinsurance Assumed........................... 1,500,000 Reinsurance Ceded ............................... 7,461,000 Net Premiums Written ......................... 17,927,000 Net Premiums Earned ......................... 18,747,000 Net Claims & Adj Exp .......................... 13,387,000 Commissions ......................................... 5,631,000 Taxes ........................................................ 918,000 General Expenses ................................. 1,463,000 Undwrwtg. Profit/Loss......................... –2,652,000 Investment Income ................................ 1,482,000

Underwriting Result 2012: 2009:

–$2,652,000 –$981,000

2011: 2008:

Growth: 8.18% %

Growth Rate (NPW) .................................. –2.77 % of Market (NPW) .................................... 0.04 Earned Loss Ratio .................................... 71.41 Total Expense Ratio ................................. 42.74 Combined Loss & Exp. Ratio ................. 114.15 Return on Equity....................................... –7.44

–$1,344,000 –$963,000

2010:

ONTARIO MUTUAL INSURANCE ASSOCIATION John Taylor, BBA,FCIP,CHRP, President Iris Brown, Chairman of Board 350 Pinebush Rd, Box 3187 Cambridge ON N3H 4S6 519-622-9220, Fax:519-622-9227 www.ontariomutuals.com

Class

Prop. - Personal ..................... Prop. - Commercial ................ Prop - Total ........................... Auto. - Liability ....................... Auto. - Pers. Acc. ................... Auto. - Other........................... Auto - Total ............................ Boiler/Mach-excld .................. Fidelity .................................... Hail ......................................... Liability ................................... Other Apprvd. Prod. ............... Accident & Sickness............... Total 2012............................... Total 2011............................... Total 2010............................... Total 2009............................... Total 2008...............................

Net Prems Written

240,537,000 42,672,000 283,209,000 97,173,000 59,584,000 59,922,000 216,679,000 12,000 28,000 140,000 39,235,000 10,000 267,000 ——————— 539,580,000 519,070,000 480,446,000 432,620,000 403,697,000

Net Prems Earned

235,217,000 42,189,000 277,406,000 94,607,000 58,851,000 58,842,000 212,300,000 13,000 28,000 144,000 39,254,000 10,000 261,000 ——————— 529,416,000 498,344,000 452,410,000 411,816,000 392,418,000

Net Claims Incurred

Claims Ratio

116,972,000 14,915,000 131,887,000 55,211,000 33,022,000 29,264,000 117,497,000

49.73 35.35 47.54 58.36 56.11 49.73 55.34

15,000 19,603,000

10.42 49.94

367,000 ——————— 269,369,000 297,307,000 242,526,000 259,307,000 294,673,000

140.61 ————— 50.88 59.66 53.61 62.97 75.09

2012 Direct Premiums Written: +663,091,000 2012 Underwriting Performance Summary Reinsurance Assumed........................... 1,143,000 Reinsurance Ceded ........................... 124,674,000 Net Premiums Written ....................... 539,580,000 Net Premiums Earned ....................... 529,416,000 Net Claims & Adj Exp ........................ 269,369,000 Commissions ..................................... 111,145,000 Taxes ..................................................... 1,385,000 General Expenses ............................... 98,771,000 Undwrwtg. Profit/Loss......................... 61,306,000 Investment Income .............................. 54,993,000

Underwriting Result 2012: 2009:

+$61,306,000 –$2,105,000

2011: 2008:

B-C

+$2,340,000

B-C

Growth: 3.61% %

Growth Rate (NPW) .................................... 3.95 % of Market (NPW) .................................... 1.30 Earned Loss Ratio .................................... 50.88 Total Expense Ratio ................................. 39.91 Combined Loss & Exp. Ratio ................... 90.79 Return on Equity......................................... 9.70

+$17,161,000 –$44,401,000

2010:

ONTARIO SCHOOL BOARD’S Jim H. Sami, Chief Executive Officer INSURANCE EXCHANGE 91 Westmount Rd.

+$28,505,000

D-C

Guelph ON N1H 5J2 519-767-2182 Fax:519-767-0281

Class

Prop. - Commercial ................ Prop - Total ........................... Auto. - Liability ....................... Auto. - Pers. Acc. ................... Auto. - Other........................... Auto - Total ............................ Boiler/Mach-excld .................. Fidelity .................................... Liability ................................... Total 2012............................... Total 2011............................... Total 2010............................... Total 2009............................... Total 2008...............................

96

Net Prems Written

11,851,000 11,851,000 648,000 237,000 419,000 1,304,000 182,000 993,000 21,604,000 ——————— 35,934,000 34,832,000 33,131,000 32,520,000 31,065,000

Net Prems Earned

11,851,000 11,851,000 699,000 237,000 470,000 1,406,000 182,000 993,000 21,985,000 ——————— 36,417,000 35,297,000 33,571,000 32,960,000 31,885,000

Net Claims Incurred

15,937,000 15,937,000 –29,000 164,000 366,000 501,000 179,000 –61,000 14,307,000 ——————— 30,863,000 23,681,000 26,413,000 29,168,000 36,679,000

Claims Ratio

134.48 134.48 –4.15 69.20 77.87 35.63 98.35 –6.14 65.08 ————— 84.75 67.09 78.68 88.50 115.04

2012 Direct Premiums Written: +38,763,000 2012 Underwriting Performance Summary Reinsurance Assumed........................................... Reinsurance Ceded ............................... 2,829,000 Net Premiums Written ......................... 35,934,000 Net Premiums Earned ......................... 36,417,000 Net Claims & Adj Exp .......................... 30,863,000 Commissions ......................................................... Taxes ..................................................... 1,133,000 General Expenses ................................. 2,243,000 Undwrwtg. Profit/Loss........................... 2,178,000 Investment Income ................................ 6,078,000

Underwriting Result 2012: 2009:

+$2,178,000 +$881,000

2011: 2008:

Growth: 3.09% %

Growth Rate (NPW) .................................... 3.16 % of Market (NPW) .................................... 0.09 Earned Loss Ratio .................................... 84.75 Total Expense Ratio ................................... 0.00 Combined Loss & Exp. Ratio ..................... 0.00 Return on Equity....................................... 13.23

+$8,453,000 –$7,713,000

2010:

+$4,123,000

canadianunderwriter.ca CANADIAN UNDERWRITER STATISTICAL ISSUE 2013


OPTIMUM GENERAL INC. OPTIMUM WEST INSURANCE COMPANY OPTIMUM SOCIETE D’ASSURANCE INC OPTIMUM ASSURANCE AGRICOLE INC

Class

Prop. - Personal ..................... Prop. - Commercial ................ Prop - Total ........................... Auto. - Liability ....................... Auto. - Pers. Acc. ................... Auto. - Other........................... Auto - Total ............................ Boiler/Mach-excld .................. Fidelity .................................... Liability ................................... Surety ..................................... Total 2012............................... Total 2011............................... Total 2010............................... Total 2009............................... Total 2008...............................

Net Prems Written

35,428,000 18,100,000 53,528,000 19,653,000 8,970,000 8,928,000 37,551,000 4,000 31,000 14,079,000 2,000 ——————— 105,195,000 94,442,000 90,980,000 82,884,000 76,947,000

Net Prems Earned

34,434,000 17,614,000 52,048,000 17,129,000 11,562,000 8,501,000 37,192,000 3,000 27,000 13,546,000 2,000 ——————— 102,818,000 92,592,000 87,320,000 79,564,000 76,741,000

Net Claims Incurred

Claims Ratio

15,110,000 6,448,000 21,558,000 12,723,000 7,228,000 5,473,000 25,424,000 1,000 3,000 3,665,000

43.88 36.61 41.42 74.28 62.52 64.38 68.36 33.33 11.11 27.06

——————— 50,651,000 48,460,000 46,039,000 41,076,000 39,886,000

————— 49.26 52.34 52.72 51.63 51.97

B-C

Anabelle Blondeau, President & Chief Executive Officer 425 de Maisonneuve Blvd. W., Suite 1500 Montreal QC H3A 3G5 514-288-8725 Fax:514-288-0760

2012 Direct Premiums Written: +128,984,000 2012 Underwriting Performance Summary Reinsurance Assumed........................................... Reinsurance Ceded ............................. 23,789,000 Net Premiums Written ....................... 105,195,000 Net Premiums Earned ....................... 102,818,000 Net Claims & Adj Exp .......................... 50,651,000 Commissions ....................................... 15,988,000 Taxes ..................................................... 4,284,000 General Expenses ............................... 24,202,000 Undwrwtg. Profit/Loss........................... 7,693,000 Investment Income ................................ 2,757,000

Underwriting Result 2012: 2009:

+$7,693,000 +$992,000

2011: 2008:

Growth: 5.18% %

Growth Rate (NPW) .................................. 11.39 % of Market (NPW) .................................... 0.25 Earned Loss Ratio .................................... 49.26 Total Expense Ratio ................................. 43.26 Combined Loss & Exp. Ratio ................... 92.52 Return on Equity....................................... 12.86

+$4,128,000 –$778,000

2010:

+$2,577,000

P.E.I. MUTUAL INSURANCE COMPANY

D-C

Terrence Shea, General Manager 201 Water St. Summerside PE C1N 1B4 902-436-2185 www.peimutual.com protect@peimutual.com

Class

Prop. - Personal ..................... Prop. - Commercial ................ Prop - Total ........................... Legal Expense ........................ Liability ................................... Total 2012............................... Total 2011............................... Total 2010............................... Total 2009............................... Total 2008...............................

Net Prems Written

Net Prems Earned

7,912,000 6,221,000 14,133,000

7,560,000 6,062,000 13,622,000

1,488,000 ——————— 15,621,000 14,819,000 13,758,000 13,220,000 12,140,000

1,330,000 ——————— 14,952,000 14,229,000 13,040,000 12,656,000 11,728,000

Net Claims Incurred

5,615,000 2,162,000 7,777,000 11,000 1,081,000 ——————— 8,869,000 9,871,000 9,140,000 7,450,000 8,670,000

Claims Ratio

74.27 35.66 57.09 0.00 81.28 ————— 59.32 69.37 70.09 58.87 73.93

2012 Direct Premiums Written: +17,961,000 2012 Underwriting Performance Summary Reinsurance Assumed.................................. 6,000 Reinsurance Ceded ............................... 2,346,000 Net Premiums Written ......................... 15,621,000 Net Premiums Earned ......................... 14,952,000 Net Claims & Adj Exp ............................ 8,869,000 Commissions ......................................... 2,117,000 Taxes ........................................................ 180,000 General Expenses ................................. 3,178,000 Undwrwtg. Profit/Loss.............................. 608,000 Investment Income ................................ 2,606,000

Underwriting Result 2012: 2009:

+$608,000 +$625,000

2011: 2008:

Growth: 6.63% %

Growth Rate (NPW) .................................... 5.41 % of Market (NPW) .................................... 0.04 Earned Loss Ratio .................................... 59.32 Total Expense Ratio ................................. 36.62 Combined Loss & Exp. Ratio ................... 95.94 Return on Equity......................................... 7.01

–$805,000 –$1,316,000

2010:

–$1,291,000

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

Marine..................................... Total 2012............................... Total 2011............................... Total 2010............................... Total 2009............................... Total 2008...............................

Net Prems Written

5,470,000 ——————— 5,470,000 6,070,000 5,916,000 6,070,000 8,268,000

Net Prems Earned

5,603,000 ——————— 5,603,000 6,161,000 5,927,000 5,986,000 6,279,000

Net Claims Incurred

596,000 ——————— 596,000 983,000 647,000 574,000 359,000

Claims Ratio

10.64 ————— 10.64 15.96 10.92 9.59 5.72

2012 Direct Premiums Written: +6,252,000 2012 Underwriting Performance Summary Reinsurance Assumed........................................... Reinsurance Ceded .................................. 782,000 Net Premiums Written ........................... 5,470,000 Net Premiums Earned ........................... 5,603,000 Net Claims & Adj Exp ............................... 596,000 Commissions ......................................................... Taxes ..................................................................... General Expenses .................................... 978,000 Undwrwtg. Profit/Loss........................... 4,029,000 Investment Income ................................... 436,000

Underwriting Result 2012: 2009:

CANADIAN UNDERWRITER STATISTICAL ISSUE 2013

+$4,029,000 +$4,328,000

2011: 2008:

Growth: –6.27% %

Growth Rate (NPW) .................................. –9.88 % of Market (NPW) .................................... 0.01 Earned Loss Ratio .................................... 10.64 Total Expense Ratio ................................... 0.00 Combined Loss & Exp. Ratio ..................... 0.00 Return on Equity....................................... 62.89

+$4,241,000 +$4,695,000

2010:

+$4,430,000

97


PAFCO INSURANCE COMPANY

B-C

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

Auto. - Liability ....................... Auto. - Pers. Acc. ................... Auto. - Other........................... Auto - Total ............................ Total 2012............................... Total 2011............................... Total 2010............................... Total 2009............................... Total 2008...............................

Net Prems Written

52,467,000 28,403,000 18,163,000 99,033,000 ——————— 99,033,000 99,320,000 77,415,000 54,897,000 53,432,000

Net Prems Earned

54,133,000 28,255,000 17,530,000 99,918,000 ——————— 99,918,000 88,639,000 64,365,000 51,709,000 59,082,000

Net Claims Incurred

20,463,000 14,991,000 9,098,000 44,552,000 ——————— 44,552,000 51,265,000 39,274,000 20,973,000 29,108,000

Claims Ratio

37.80 53.06 51.90 44.59 ————— 44.59 57.84 61.02 40.56 49.27

2012 Direct Premiums Written: +100,628,000 2012 Underwriting Performance Summary Reinsurance Assumed........................................... Reinsurance Ceded ............................... 1,595,000 Net Premiums Written ......................... 99,033,000 Net Premiums Earned ......................... 99,918,000 Net Claims & Adj Exp .......................... 44,552,000 Commissions ....................................... 14,940,000 Taxes ..................................................... 3,215,000 General Expenses ................................. 9,553,000 Undwrwtg. Profit/Loss......................... 31,015,000 Investment Income .............................. 10,126,000

Underwriting Result 2012: 2009:

+$31,015,000 +$14,238,000

2011: 2008:

Growth: –0.06% %

Growth Rate (NPW) .................................. –0.29 % of Market (NPW) .................................... 0.24 Earned Loss Ratio .................................... 44.59 Total Expense Ratio ................................. 27.73 Combined Loss & Exp. Ratio ................... 72.32 Return on Equity....................................... 34.96

+$14,377,000 +$11,067,000

2010:

+$7,455,000

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

Prop. - Personal ..................... Prop. - Commercial ................ Prop - Total ........................... Auto. - Liability ....................... Auto. - Pers. Acc. ................... Auto. - Other........................... Auto - Total ............................ Total 2012............................... Total 2011............................... Total 2010............................... Total 2009............................... Total 2008...............................

Net Prems Written

45,720,000 21,557,000 67,277,000 24,218,000 2,041,000 24,046,000 50,305,000 ——————— 117,582,000 111,919,000 112,343,000 111,717,000 111,297,000

Net Prems Earned

43,521,000 20,358,000 63,879,000 24,320,000 2,032,000 24,132,000 50,484,000 ——————— 114,363,000 111,361,000 111,234,000 109,999,000 101,261,000

Net Claims Incurred

29,265,000 8,663,000 37,928,000 18,459,000 884,000 13,582,000 32,925,000 ——————— 70,853,000 73,985,000 60,229,000 66,221,000 67,081,000

Claims Ratio

67.24 42.55 59.37 75.90 43.50 56.28 65.22 ————— 61.95 66.44 54.15 60.20 66.25

2012 Direct Premiums Written: +175,817,000 2012 Underwriting Performance Summary Reinsurance Assumed........................................... Reinsurance Ceded ............................. 58,235,000 Net Premiums Written ....................... 117,582,000 Net Premiums Earned ....................... 114,363,000 Net Claims & Adj Exp .......................... 70,853,000 Commissions ....................................... 21,795,000 Taxes ..................................................... 5,889,000 General Expenses ............................... 20,840,000 Undwrwtg. Profit/Loss......................... –3,012,000 Investment Income ................................ 8,188,000

Underwriting Result 2012: 2009:

–$3,012,000 +$2,627,000

2011: 2008:

Growth: 3.16% %

Growth Rate (NPW) .................................... 5.06 % of Market (NPW) .................................... 0.28 Earned Loss Ratio .................................... 61.95 Total Expense Ratio ................................. 42.44 Combined Loss & Exp. Ratio ................. 104.39 Return on Equity......................................... 5.18

–$5,247,000 –$3,014,000

2010:

PEMBRIDGE 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.pembridge.com

Class

Prop. - Personal ..................... Prop - Total ........................... Auto. - Liability ....................... Auto. - Pers. Acc. ................... Auto. - Other........................... Auto - Total ............................ Liability ................................... Total 2012............................... Total 2011............................... Total 2010............................... Total 2009............................... Total 2008...............................

Net Prems Written

Net Prems Earned

35,587,000 35,587,000 69,162,000 41,993,000 32,448,000 143,603,000

33,925,000 33,925,000 64,221,000 36,934,000 31,964,000 133,119,000

——————— 179,190,000 155,018,000 136,395,000 109,367,000 114,669,000

——————— 167,044,000 145,628,000 120,733,000 109,947,000 106,105,000

Net Claims Incurred

18,430,000 18,430,000 48,995,000 19,722,000 18,180,000 86,897,000 14,000 ——————— 105,341,000 102,279,000 83,778,000 78,852,000 83,811,000

Claims Ratio

54.33 54.33 76.29 53.40 56.88 65.28 0.00 ————— 63.06 70.23 69.39 71.72 78.99

2012 Direct Premiums Written: +181,429,000 2012 Underwriting Performance Summary Reinsurance Assumed........................................... Reinsurance Ceded ............................... 2,239,000 Net Premiums Written ....................... 179,190,000 Net Premiums Earned ....................... 167,044,000 Net Claims & Adj Exp ........................ 105,341,000 Commissions ....................................... 31,337,000 Taxes ..................................................... 5,489,000 General Expenses ............................... 18,824,000 Undwrwtg. Profit/Loss......................... 10,056,000 Investment Income .............................. 22,789,000

Underwriting Result 2012: 2009:

98

+$10,056,000 –$3,500,000

2011: 2008:

B-C

+$10,454,000

B-C

Growth: 15.36% %

Growth Rate (NPW) .................................. 15.59 % of Market (NPW) .................................... 0.43 Earned Loss Ratio .................................... 63.06 Total Expense Ratio ................................. 33.31 Combined Loss & Exp. Ratio ................... 96.37 Return on Equity....................................... 12.92

–$1,065,000 –$12,461,000

2010:

–$1,825,000

canadianunderwriter.ca CANADIAN UNDERWRITER STATISTICAL ISSUE 2013



THE PORTAGE LA PRAIRIE MUTUAL B-C John G Mitchell, President & Chief Executive Officer INSURANCE COMPANY PO Box 340 Portage La Prairie MB R1N 3B8 204-857-3415 Fax:204-239-6655 www.portagemutual.com

Class

Prop. - Personal ..................... Prop. - Commercial ................ Prop - Total ........................... Auto. - Liability ....................... Auto. - Pers. Acc. ................... Auto. - Other........................... Auto - Total ............................ Liability ................................... Total 2012............................... Total 2011............................... Total 2010............................... Total 2009............................... Total 2008...............................

Net Prems Written

78,503,000 6,887,000 85,390,000 41,224,000 17,585,000 35,306,000 94,115,000 7,518,000 ——————— 187,023,000 183,883,000 165,777,000 149,329,000 134,369,000

Net Prems Earned

77,000,000 6,651,000 83,651,000 40,816,000 17,298,000 35,421,000 93,535,000 7,337,000 ——————— 184,523,000 175,250,000 157,524,000 140,339,000 127,791,000

Net Claims Incurred

46,816,000 2,490,000 49,306,000 34,516,000 13,845,000 23,239,000 71,600,000 5,182,000 ——————— 126,088,000 126,247,000 119,255,000 88,136,000 79,728,000

Claims Ratio

60.80 37.44 58.94 84.56 80.04 65.61 76.55 70.63 ————— 68.33 72.04 75.71 62.80 62.39

2012 Direct Premiums Written: +210,339,000 2012 Underwriting Performance Summary Reinsurance Assumed........................................... Reinsurance Ceded ............................. 23,316,000 Net Premiums Written ....................... 187,023,000 Net Premiums Earned ....................... 184,523,000 Net Claims & Adj Exp ........................ 126,088,000 Commissions ....................................... 33,769,000 Taxes ..................................................... 7,567,000 General Expenses ............................... 26,201,000 Undwrwtg. Profit/Loss......................... –5,728,000 Investment Income .............................. 14,324,000

Underwriting Result 2012: 2009:

–$5,728,000 +$2,434,000

2011: 2008:

Growth: 3.11% %

Growth Rate (NPW) .................................... 1.71 % of Market (NPW) .................................... 0.45 Earned Loss Ratio .................................... 68.33 Total Expense Ratio ................................. 36.60 Combined Loss & Exp. Ratio ................. 104.93 Return on Equity......................................... 5.70

–$15,640,000 +$5,015,000

2010:

–$13,118,000

PROTECTIVE INSURANCE COMPANY

D-C

Mr. Phillip H Cook, Chief Agent for Canada 36 King St E, Suite 500 Toronto ON M5C 1E5 416-361-1728 Fax:416-361-6113

Class

Net Prems Written

Auto. - Liability ....................... Auto. - Other........................... Auto - Total ............................

415,000 829,000 1,244,000 ——————— Total 2012............................... 1,244,000

Net Prems Earned

416,000 829,000 1,245,000 ——————— 1,245,000

Net Claims Incurred

308,000 283,000 591,000 ——————— 591,000

Claims Ratio

74.04 34.14 47.47 ————— 47.47

2012 Direct Premiums Written: +1,244,000 2012 Underwriting Performance Summary Reinsurance Assumed........................................... Reinsurance Ceded ............................................... Net Premiums Written ........................... 1,244,000 Net Premiums Earned ........................... 1,245,000 Net Claims & Adj Exp ............................... 591,000 Commissions ............................................ 111,000 Taxes .......................................................... 33,000 General Expenses .................................... 326,000 Undwrwtg. Profit/Loss.............................. 184,000 Investment Income ................................... 129,000

Growth: 0.00% %

Growth Rate (NPW) .................................... 0.00 % of Market (NPW) .................................... 0.00 Earned Loss Ratio .................................... 47.47 Total Expense Ratio ................................. 37.75 Combined Loss & Exp. Ratio ................... 85.22 Return on Equity......................................... 2.35

Underwriting Result 2012:

+$184,000

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

Prop. - Personal ..................... Prop - Total ........................... Auto. - Liability ....................... Auto. - Pers. Acc. ................... Auto. - Other........................... Auto - Total ............................ Liability ................................... Accident & Sickness............... Total 2012............................... Total 2011............................... Total 2010............................... Total 2009............................... Total 2008...............................

100

Net Prems Written

117,693,000 117,693,000 169,698,000 154,367,000 93,386,000 417,451,000 2,152,000 11,000 ——————— 537,307,000 528,837,000 476,188,000 384,390,000 325,767,000

Net Prems Earned

112,497,000 112,497,000 170,896,000 156,574,000 94,138,000 421,608,000 2,156,000 11,000 ——————— 536,272,000 500,767,000 422,762,000 378,899,000 310,425,000

Net Claims Incurred

Claims Ratio

71,565,000 71,565,000 173,161,000 70,685,000 61,788,000 305,634,000

63.62 63.62 101.33 45.14 65.64 72.49

40,000 ——————— 377,239,000 382,993,000 393,060,000 316,981,000 228,750,000

363.64 ————— 70.34 76.48 92.97 83.66 73.69

2012 Direct Premiums Written: +545,936,000 2012 Underwriting Performance Summary Reinsurance Assumed................................ 11,000 Reinsurance Ceded ............................... 8,640,000 Net Premiums Written ....................... 537,307,000 Net Premiums Earned ....................... 536,272,000 Net Claims & Adj Exp ........................ 377,239,000 Commissions ......................................................... Taxes ................................................... 17,086,000 General Expenses ............................. 105,796,000 Undwrwtg. Profit/Loss......................... 34,226,000 Investment Income .............................. 32,601,000

Underwriting Result 2012: 2009:

+$34,226,000 –$48,979,000

2011: 2008:

D-C

Growth: 2.04% %

Growth Rate (NPW) .................................... 1.60 % of Market (NPW) .................................... 1.29 Earned Loss Ratio .................................... 70.34 Total Expense Ratio ................................... 0.00 Combined Loss & Exp. Ratio ..................... 0.00 Return on Equity....................................... 18.57

–$6,440,000 +$9,862,000

2010:

–$89,994,000

canadianunderwriter.ca CANADIAN UNDERWRITER STATISTICAL ISSUE 2013


RBC INSURANCE COMPANY OF CANADA

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

Prop. - Personal ..................... Prop - Total ........................... Auto. - Liability ....................... Auto. - Pers. Acc. ................... Auto. - Other........................... Auto - Total ............................ Accident & Sickness............... Total 2012............................... Total 2011............................... Total 2010............................... Total 2009............................... Total 2008...............................

Net Prems Written

48,030,000 48,030,000 55,593,000 49,227,000 28,309,000 133,129,000 219,712,000 ——————— 400,871,000 403,888,000 361,683,000 310,394,000 201,588,000

Net Prems Earned

45,440,000 45,440,000 53,968,000 45,452,000 27,951,000 127,371,000 224,597,000 ——————— 397,408,000 385,643,000 338,006,000 276,059,000 202,444,000

Net Claims Incurred

30,411,000 30,411,000 57,401,000 28,915,000 21,639,000 107,955,000 79,118,000 ——————— 217,484,000 218,531,000 183,101,000 136,567,000 70,471,000

Claims Ratio

66.93 66.93 106.36 63.62 77.42 84.76 35.23 ————— 54.73 56.67 54.17 49.47 34.81

2012 Direct Premiums Written: +376,442,000 2012 Underwriting Performance Summary Reinsurance Assumed......................... 27,337,000 Reinsurance Ceded ............................... 2,908,000 Net Premiums Written ....................... 400,871,000 Net Premiums Earned ....................... 397,408,000 Net Claims & Adj Exp ........................ 217,484,000 Commissions ....................................... 80,301,000 Taxes ..................................................... 9,837,000 General Expenses ............................... 89,071,000 Undwrwtg. Profit/Loss.............................. 715,000 Investment Income .............................. 11,496,000

Underwriting Result 2012: 2009:

+$715,000 +$1,556,000

RED RIVER MUTUAL

Class

Prop. - Personal ..................... Prop. - Commercial ................ Prop - Total ........................... Liability ................................... Total 2012............................... Total 2011............................... Total 2010............................... Total 2009............................... Total 2008...............................

Net Prems Written

43,482,000 18,953,000 62,435,000 2,959,000 ——————— 65,394,000 64,737,000 57,144,000 50,542,000 45,244,000

Net Prems Earned

43,259,000 18,565,000 61,824,000 2,726,000 ——————— 64,550,000 60,751,000 53,604,000 47,848,000 43,001,000

Net Claims Incurred

24,950,000 10,577,000 35,527,000 719,000 ——————— 36,246,000 38,216,000 33,583,000 27,819,000 22,333,000

Claims Ratio

57.68 56.97 57.46 26.38 ————— 56.15 62.91 62.65 58.14 51.94

2011: 2008:

Growth: –0.51% %

Growth Rate (NPW) .................................. –0.75 % of Market (NPW) .................................... 0.97 Earned Loss Ratio .................................... 54.73 Total Expense Ratio ................................. 45.09 Combined Loss & Exp. Ratio ................... 99.82 Return on Equity......................................... 8.99

–$10,514,000 +$26,136,000

2010:

2012 Direct Premiums Written: +73,125,000 2012 Underwriting Performance Summary

Underwriting Result 2012: 2009:

+$1,846,000 +$970,000

–$9,698,000

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

Reinsurance Assumed........................................... Reinsurance Ceded ............................... 7,731,000 Net Premiums Written ......................... 65,394,000 Net Premiums Earned ......................... 64,550,000 Net Claims & Adj Exp .......................... 36,246,000 Commissions ....................................... 16,432,000 Taxes ..................................................... 3,090,000 General Expenses ................................. 7,776,000 Undwrwtg. Profit/Loss........................... 1,846,000 Investment Income ................................ 4,075,000 2011: 2008:

D-C

B-C

Growth: 3.88% %

Growth Rate (NPW) .................................... 1.01 % of Market (NPW) .................................... 0.16 Earned Loss Ratio .................................... 56.15 Total Expense Ratio ................................. 42.29 Combined Loss & Exp. Ratio ................... 98.44 Return on Equity......................................... 8.70

–$1,096,000 +$3,243,000

2010:

–$1,286,000

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

Prop. - Personal ..................... Prop. - Commercial ................ Prop - Total ........................... Auto. - Liability ....................... Auto. - Pers. Acc. ................... Auto. - Other........................... Auto - Total ............................ Fidelity .................................... Liability ................................... Total 2012............................... Total 2011............................... Total 2010............................... Total 2009............................... Total 2008...............................

Net Prems Written

28,545,000 7,620,000 36,165,000 2,136,000 342,000 7,598,000 10,076,000 21,000 5,038,000 ——————— 51,300,000 47,508,000 43,012,000 40,611,000 35,435,000

Net Prems Earned

26,914,000 7,486,000 34,400,000 2,060,000 326,000 7,278,000 9,664,000 22,000 4,953,000 ——————— 49,039,000 44,797,000 41,287,000 37,719,000 34,521,000

Net Claims Incurred

16,454,000 4,066,000 20,520,000 467,000 854,000 3,496,000 4,817,000 –5,000 1,879,000 ——————— 27,211,000 25,031,000 26,100,000 19,359,000 19,742,000

CANADIAN UNDERWRITER STATISTICAL ISSUE 2013

Claims Ratio

61.14 54.31 59.65 22.67 261.96 48.04 49.84 –22.73 37.94 ————— 55.49 55.88 63.22 51.32 57.19

2012 Direct Premiums Written: +55,164,000 2012 Underwriting Performance Summary Reinsurance Assumed........................................... Reinsurance Ceded ............................... 3,864,000 Net Premiums Written ......................... 51,300,000 Net Premiums Earned ......................... 49,039,000 Net Claims & Adj Exp .......................... 27,211,000 Commissions ....................................... 10,607,000 Taxes ..................................................... 2,340,000 General Expenses ................................. 7,689,000 Undwrwtg. Profit/Loss........................... 1,560,000 Investment Income ................................ 4,007,000

Underwriting Result 2012: 2009:

+$1,560,000 +$2,628,000

2011: 2008:

Growth: 9.22% %

Growth Rate (NPW) .................................... 7.98 % of Market (NPW) .................................... 0.12 Earned Loss Ratio .................................... 55.49 Total Expense Ratio ................................. 42.08 Combined Loss & Exp. Ratio ................... 97.57 Return on Equity....................................... 12.75

+$1,674,000 +$954,000

2010:

–$1,313,000

101


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/Mach-excld .................. Credit ...................................... Fidelity .................................... Liability ................................... Surety ..................................... Marine..................................... Accident & Sickness............... Total 2012............................... Total 2011............................... Total 2010............................... Total 2009............................... Total 2008...............................

Net Prems Written

Net Prems Earned

515,381,000 359,550,000 874,931,000 1,000 562,637,000 284,088,000 385,194,000 1,231,919,000 51,971,000

497,474,000 342,854,000 840,328,000 –22,000 562,559,000 281,222,000 392,069,000 1,235,850,000 50,380,000

3,029,000 214,771,000 76,000 29,617,000 101,013,000 ——————— 2,507,328,000 2,360,019,000 1,981,181,000 1,820,486,000 1,732,533,000

2,926,000 210,410,000 82,000 29,771,000 96,887,000 ——————— 2,466,612,000 2,259,975,000 1,879,987,000 1,762,502,000 1,693,620,000

Net Claims Incurred

Claims Ratio

312,449,000 220,739,000 533,188,000 –718,000 473,803,000 238,923,000 227,514,000 940,240,000 28,332,000 –8,000 880,000 107,155,000

62.81 64.38 63.45 3,263.64 84.22 84.96 58.03 76.08 56.24 0.00 30.08 50.93

14,473,000 53,528,000 ——————— 1,677,070,000 1,515,636,000 1,228,091,000 1,186,595,000 1,181,151,000

48.61 55.25 ————— 67.99 67.06 65.32 67.32 69.74

B-UK Rowan Saunders, President & C.E.O. 18 York St Toronto ON M5J 0B2 416-366-7511 Fax:416-367-9869 www.rsagroup.ca

2012 Direct Premiums Written: +2,736,300,000 2012 Underwriting Performance Summary Reinsurance Assumed........................... 5,992,000 Reinsurance Ceded ........................... 260,100,000 Net Premiums Written .................... 2,507,328,000 Net Premiums Earned .................... 2,466,612,000 Net Claims & Adj Exp ..................... 1,677,070,000 Commissions ..................................... 316,634,000 Taxes ................................................... 89,223,000 General Expenses ............................. 307,758,000 Undwrwtg. Profit/Loss......................... 76,173,000 Investment Income ............................ 168,381,000

Underwriting Result 2012: 2009:

+$76,173,000 +$54,022,000

2011: 2008:

Growth: 7.78% %

Growth Rate (NPW) .................................... 6.24 % of Market (NPW) .................................... 6.04 Earned Loss Ratio .................................... 67.99 Total Expense Ratio ................................. 28.93 Combined Loss & Exp. Ratio ................... 96.92 Return on Equity......................................... 9.58

+$83,085,000 +$19,580,000

2010:

+$110,296,000

SECURITY INSURANCE COMPANY OF HARTFORD D-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 2012............................... Total 2011............................... Total 2010............................... Total 2009............................... Total 2008...............................

——————— 0 0 0 133,000 0

——————— 0 0 0 133,000 10,000

Net Claims Incurred

–599,000 ——————— –599,000 198,000 –5,785,000 –3,081,000 5,900,000

Claims Ratio

0.00 —————

–2,316.54 59,000.00

2012 Underwriting Performance Summary Reinsurance Assumed........................................... Reinsurance Ceded ............................................... Net Premiums Written ......................................... 0 Net Premiums Earned ......................................... 0 Net Claims & Adj Exp ............................. –599,000 Commissions ......................................................... Taxes ..................................................................... General Expenses .................................... 308,000 Undwrwtg. Profit/Loss.............................. 291,000 Investment Income ................................ 2,365,000

Underwriting Result 2012: 2009:

+$291,000 +$2,915,000

SGI CANADA GROUP COACHMAN INSURANCE COMPANY INSURANCE COMPANY OF PRINCE EDWARD ISLAND SGI CANADA INSURANCE SERVICES LTD

Class

Prop. - Personal ..................... Prop. - Commercial ................ Prop - Total ........................... Aircraft .................................... Auto. - Liability ....................... Auto. - Pers. Acc. ................... Auto. - Other........................... Auto - Total ............................ Boiler/Mach-excld .................. Fidelity .................................... Liability ................................... Surety ..................................... Accident & Sickness............... Total 2012............................... Total 2011............................... Total 2010............................... Total 2009............................... Total 2008...............................

102

Net Prems Written

184,898,000 41,679,000 226,577,000 67,000 72,409,000 30,135,000 125,169,000 227,713,000 162,000 393,000 39,464,000 2,311,000 20,000 ——————— 496,707,000 476,488,000 434,508,000 398,026,000 356,499,000

Net Prems Earned

182,816,000 40,229,000 223,045,000 68,000 72,407,000 30,046,000 120,641,000 223,094,000 168,000 396,000 38,538,000 2,153,000 23,000 ——————— 487,485,000 453,506,000 411,259,000 374,260,000 338,595,000

Net Claims Incurred

Claims Ratio

104,120,000 15,990,000 120,110,000

56.95 39.75 53.85

33,848,000 19,349,000 76,128,000 129,325,000 134,000 –12,000 –14,000 78,000

46.75 64.40 63.10 57.97 79.76 –3.03 –0.04 3.62

——————— 249,621,000 293,938,000 247,867,000 196,280,000 183,532,000

————— 51.21 64.81 60.27 52.44 54.20

2011: 2008:

%

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......................................... 5.56

–$475,000 –$6,224,000

2010:

B-C

Andrew Cartmell, President 2260 11th Avenue Regina SK S4P 0J9 306-751-1200 Fax:306-565-8666 www.sgi.sk.ca

2012 Direct Premiums Written: +536,004,000 2012 Underwriting Performance Summary Reinsurance Assumed........................................... Reinsurance Ceded ............................. 39,297,000 Net Premiums Written ....................... 496,707,000 Net Premiums Earned ....................... 487,485,000 Net Claims & Adj Exp ........................ 249,621,000 Commissions ..................................... 100,364,000 Taxes ................................................... 22,453,000 General Expenses ............................... 59,538,000 Undwrwtg. Profit/Loss......................... 55,509,000 Investment Income .............................. 33,165,000

Underwriting Result 2012: 2009:

+$55,509,000 +$30,116,000

2011: 2008:

+$5,508,000

Growth: 4.09% %

Growth Rate (NPW) .................................... 4.24 % of Market (NPW) .................................... 1.20 Earned Loss Ratio .................................... 51.21 Total Expense Ratio ................................. 26.34 Combined Loss & Exp. Ratio ................... 77.55 Return on Equity....................................... 30.40

–$8,491,000 +$22,798,000

2010:

+$6,187,000

canadianunderwriter.ca CANADIAN UNDERWRITER STATISTICAL ISSUE 2013


CUSTOM-BUILT PROPERTY INSURANCE FOR BUSINESSES OF ALL SIZES

In today’s world, being a leading property insurer is a tall order. But with our broad appetite and our large capacity of up to $400 million for best risks, RSA Canada certainly delivers. We offer solutions for clients of all sizes—from large-scale risk-control engineering to cost-effective small business packages—supported by dedicated underwriters and brilliant coast-to-coast claims service. With property insurance from RSA, your clients can get back up and running in no time. IF YOU’RE BIG ON PROPERTY, PARTNER WITH RSA INSURANCE. With over 300 years of experience, RSA is an established “A+” rated* insurer offering a complete suite of tailored insurance solutions, from personal and small business to complex and multinational risks. We are the country’s third-largest insurer, working through a network of independent brokers across Canada.

GLOBAL SPECIALTY LINES

© 2013. 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.

| rsabroker.ca/GSL


COACHMAN INSURANCE COMPANY

William Breckles, Chief Operating Officer 802 The Queensway Toronto ON M8Z 1N5 416-255-3417

Class

Prop. - Personal ..................... Prop. - Commercial ................ Prop - Total ........................... Auto. - Liability ....................... Auto. - Pers. Acc. ................... Auto. - Other........................... Auto - Total ............................ Fidelity .................................... Liability ................................... Surety ..................................... Total 2012............................... Total 2011............................... Total 2010............................... Total 2009............................... Total 2008...............................

Net Prems Written

7,386,000 2,727,000 10,113,000 19,880,000 19,275,000 5,143,000 44,298,000 31,000 2,331,000 35,000 ——————— 56,808,000 63,832,000 45,502,000 29,710,000 24,068,000

Net Prems Earned

7,912,000 2,530,000 10,442,000 22,199,000 19,327,000 5,535,000 47,061,000 28,000 2,307,000 39,000 ——————— 59,877,000 55,356,000 36,331,000 25,736,000 23,525,000

Net Claims Incurred

Claims Ratio

3,941,000 1,118,000 5,059,000 18,820,000 8,952,000 3,609,000 31,381,000

49.81 44.19 48.45 84.78 46.32 65.20 66.68

1,450,000 ——————— 37,890,000 39,994,000 27,567,000 22,029,000 13,380,000

62.85 ————— 63.28 72.25 75.88 85.60 56.88

2012 Direct Premiums Written: +63,168,000 2012 Underwriting Performance Summary Reinsurance Assumed........................................... Reinsurance Ceded ............................... 6,360,000 Net Premiums Written ......................... 56,808,000 Net Premiums Earned ......................... 59,877,000 Net Claims & Adj Exp .......................... 37,890,000 Commissions ......................................... 9,162,000 Taxes ..................................................... 2,013,000 General Expenses ................................. 4,659,000 Undwrwtg. Profit/Loss........................... 6,153,000 Investment Income ................................ 6,253,000

Underwriting Result 2012: 2009:

+$6,153,000 –$5,462,000

2011: 2008:

Growth: –9.17% %

Growth Rate (NPW) ................................ –11.00 % of Market (NPW) .................................... 0.14 Earned Loss Ratio .................................... 63.28 Total Expense Ratio ................................. 26.44 Combined Loss & Exp. Ratio ................... 89.72 Return on Equity....................................... 18.97

+$532,000 +$1,858,000

2010:

THE INSURANCE COMPANY OF Charles Cooke, President PRINCE EDWARD ISLAND PO Box 1120

Prop. - Personal ..................... Prop. - Commercial ................ Prop - Total ........................... Auto. - Liability ....................... Auto. - Pers. Acc. ................... Auto. - Other........................... Auto - Total ............................ Boiler/Mach-excld .................. Fidelity .................................... Liability ................................... Surety ..................................... Total 2012............................... Total 2011............................... Total 2010............................... Total 2009............................... Total 2008...............................

Net Prems Written

3,743,000 2,255,000 5,998,000 8,690,000 1,841,000 6,484,000 17,015,000 –1,000 14,000 1,620,000 20,000 ——————— 24,666,000 23,075,000 22,137,000 19,031,000 15,016,000

Net Prems Earned

3,705,000 2,078,000 5,783,000 8,467,000 1,819,000 6,231,000 16,517,000 –1,000 14,000 1,516,000 21,000 ——————— 23,850,000 22,324,000 20,648,000 17,000,000 13,166,000

Net Claims Incurred

Claims Ratio

1,950,000 1,087,000 3,037,000 3,622,000 1,318,000 2,989,000 7,929,000 2,000

52.63 52.31 52.52 42.78 72.46 47.97 48.01 –200.00

401,000 1,000 ——————— 11,370,000 15,586,000 10,903,000 10,233,000 7,522,000

26.45 4.76 ————— 47.67 69.82 52.80 60.19 57.13

2012 Direct Premiums Written: +26,604,000 2012 Underwriting Performance Summary Reinsurance Assumed........................................... Reinsurance Ceded ............................... 1,938,000 Net Premiums Written ......................... 24,666,000 Net Premiums Earned ......................... 23,850,000 Net Claims & Adj Exp .......................... 11,370,000 Commissions ......................................... 4,612,000 Taxes ........................................................ 953,000 General Expenses ................................. 3,354,000 Undwrwtg. Profit/Loss........................... 3,561,000 Investment Income ................................ 1,016,000

Underwriting Result 2012: 2009:

+$3,561,000 –$903,000

2011: 2008:

Growth: 7.29% %

Growth Rate (NPW) .................................... 6.89 % of Market (NPW) .................................... 0.06 Earned Loss Ratio .................................... 47.67 Total Expense Ratio ................................. 37.40 Combined Loss & Exp. Ratio ................... 85.07 Return on Equity....................................... 26.26

–$1,211,000 –$314,000

2010:

SGI CANADA INSURANCE SERVICES LTD.

Prop. - Personal ..................... Prop. - Commercial ................ Prop - Total ........................... Auto. - Liability ....................... Auto. - Pers. Acc. ................... Auto. - Other........................... Auto - Total ............................ Boiler/Mach-excld .................. Fidelity .................................... Liability ................................... Surety ..................................... Total 2012............................... Total 2011............................... Total 2010............................... Total 2009............................... Total 2008...............................

104

Net Prems Written

30,686,000 10,752,000 41,438,000 42,148,000 22,152,000 28,015,000 92,315,000 26,000 70,000 10,198,000 198,000 ——————— 144,245,000 140,650,000 48,749,000 42,755,000 33,636,000

Net Prems Earned

30,346,000 10,005,000 40,351,000 42,693,000 22,183,000 26,379,000 91,255,000 24,000 66,000 9,759,000 192,000 ——————— 141,647,000 128,504,000 45,400,000 37,803,000 28,031,000

Net Claims Incurred

Claims Ratio

17,915,000 4,454,000 22,369,000 28,842,000 12,142,000 15,884,000 56,868,000 6,000

59.04 44.52 55.44 67.56 54.74 60.21 62.32 25.00

2,553,000 3,000 ——————— 81,799,000 91,891,000 28,258,000 20,835,000 22,563,000

26.16 1.56 ————— 57.75 71.51 62.24 55.11 80.49

2012 Direct Premiums Written: +156,933,000 2012 Underwriting Performance Summary Reinsurance Assumed........................................... Reinsurance Ceded ............................. 12,688,000 Net Premiums Written ....................... 144,245,000 Net Premiums Earned ....................... 141,647,000 Net Claims & Adj Exp .......................... 81,799,000 Commissions ....................................... 25,313,000 Taxes ..................................................... 4,969,000 General Expenses ............................... 14,822,000 Undwrwtg. Profit/Loss......................... 14,744,000 Investment Income .............................. 10,504,000

Underwriting Result 2012: 2009:

+$14,744,000 +$2,708,000

2011: 2008:

+$1,767,000

B-C

Andrew Cartmell, President 2260 11th Avenue Regina SK S4P 0J9 306-751-1200 Fax:306-565-8666

Class

–$3,038,000

B-C

14 Great George St Charlottetown PE C1A 7M8 902-368-3675

Class

B-C

Growth: 3.14% %

Growth Rate (NPW) .................................... 2.56 % of Market (NPW) .................................... 0.35 Earned Loss Ratio .................................... 57.75 Total Expense Ratio ................................. 31.84 Combined Loss & Exp. Ratio ................... 89.59 Return on Equity....................................... 18.31

–$3,740,000 –$5,762,000

2010:

+$1,057,000

canadianunderwriter.ca CANADIAN UNDERWRITER STATISTICAL ISSUE 2013


SOMPO JAPAN INSURANCE INC.

D-F

Bruce Walker, Chief Agent In Canada 1400 - 25 York Street Toronto ON M5J 2V5 416-594-2590 Fax:416-594-3000

Class

Prop. - Commercial ................ Prop - Total ........................... Auto. - Liability ....................... Auto. - Other........................... Auto - Total ............................ Boiler/Mach-excld .................. Fidelity .................................... Liability ................................... Surety ..................................... Marine..................................... Total 2012............................... Total 2011............................... Total 2010............................... Total 2009............................... Total 2008...............................

Net Prems Written

2,410,000 2,410,000 711,000 261,000 972,000 57,000 49,000 1,542,000 4,000 345,000 ——————— 5,379,000 5,103,000 5,968,000 4,891,000 4,655,000

Net Prems Earned

2,366,000 2,366,000 705,000 263,000 968,000 57,000 49,000 1,416,000 7,000 337,000 ——————— 5,200,000 5,890,000 5,053,000 4,665,000 4,951,000

Net Claims Incurred

Claims Ratio

291,000 291,000 364,000 354,000 718,000 –20,000 –1,000 173,000

12.30 12.30 51.63 134.60 74.17 –35.09 –2.04 12.22

206,000 ——————— 1,367,000 1,524,000 4,827,000 2,273,000 1,294,000

61.13 ————— 26.29 25.87 95.53 48.72 26.14

2012 Direct Premiums Written: +4,855,000 2012 Underwriting Performance Summary Reinsurance Assumed........................... 1,014,000 Reinsurance Ceded .................................. 490,000 Net Premiums Written ........................... 5,379,000 Net Premiums Earned ........................... 5,200,000 Net Claims & Adj Exp ............................ 1,367,000 Commissions ............................................ 686,000 Taxes ........................................................ 150,000 General Expenses ................................. 1,021,000 Undwrwtg. Profit/Loss........................... 1,976,000 Investment Income ................................... 715,000

Underwriting Result 2012: 2009:

+$1,976,000 +$461,000

2011: 2008:

Growth: 7.29% %

Growth Rate (NPW) .................................... 5.41 % of Market (NPW) .................................... 0.01 Earned Loss Ratio .................................... 26.29 Total Expense Ratio ................................. 35.71 Combined Loss & Exp. Ratio ................... 62.00 Return on Equity......................................... 5.52

+$2,186,000 +$1,781,000

2010:

–$1,796,000

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

Prop. - Personal ..................... Prop. - Commercial ................ Prop - Total ........................... Auto. - Liability ....................... Auto. - Pers. Acc. ................... Auto. - Other........................... Auto - Total ............................ Liability ................................... Total 2012............................... Total 2011............................... Total 2010............................... Total 2009............................... Total 2008...............................

Net Prems Written

70,034,000 2,262,000 72,296,000 36,970,000 281,000 82,418,000 119,669,000 –40,000 ——————— 191,925,000 210,240,000 172,356,000 144,707,000 121,921,000

Net Prems Earned

63,734,000 1,993,000 65,727,000 34,948,000 264,000 73,750,000 108,962,000 7,823,000 ——————— 182,512,000 160,777,000 142,358,000 129,125,000 115,968,000

Net Claims Incurred

37,695,000 1,204,000 38,899,000 23,801,000 262,000 45,022,000 69,085,000 6,602,000 ——————— 114,586,000 105,245,000 86,758,000 81,516,000 85,540,000

Claims Ratio

59.14 60.41 59.18 68.10 99.24 61.05 63.40 84.39 ————— 62.78 65.46 60.94 63.13 73.76

2012 Direct Premiums Written: +195,706,000 2012 Underwriting Performance Summary Reinsurance Assumed........................... 1,242,000 Reinsurance Ceded ............................... 5,023,000 Net Premiums Written ....................... 191,925,000 Net Premiums Earned ....................... 182,512,000 Net Claims & Adj Exp ........................ 114,586,000 Commissions ......................................... 4,457,000 Taxes ..................................................... 6,480,000 General Expenses ............................... 43,899,000 Undwrwtg. Profit/Loss......................... 13,090,000 Investment Income ................................ 4,639,000

Underwriting Result 2012: 2009:

+$13,090,000 +$11,161,000

2011: 2008:

Growth: –5.84% %

Growth Rate (NPW) .................................. –8.71 % of Market (NPW) .................................... 0.46 Earned Loss Ratio .................................... 62.78 Total Expense Ratio ................................. 30.05 Combined Loss & Exp. Ratio ................... 92.83 Return on Equity....................................... 15.90

+$9,105,000 –$3,434,000

2010:

STATE FARM INSURANCE COMPANY STATE FARM FIRE & CASUALTY COMPANY STATE FARM MUTUAL AUTOMOBILE INSURANCE COMPANY

Class

Prop. - Personal ..................... Prop. - Commercial ................ Prop - Total ........................... Auto. - Liability ....................... Auto. - Pers. Acc. ................... Auto. - Other........................... Auto - Total ............................ Liability ................................... Surety ..................................... Total 2012............................... Total 2011............................... Total 2010............................... Total 2009............................... Total 2008...............................

Net Prems Written

419,030,000 34,309,000 453,339,000 530,483,000 591,419,000 219,033,000 1,340,935,000 48,087,000 89,000 ——————— 1,842,450,000 1,931,286,000 1,937,320,000 1,827,768,000 1,679,940,000

Net Prems Earned

417,885,000 34,682,000 452,567,000 539,415,000 606,534,000 223,605,000 1,369,554,000 48,660,000 58,000 ——————— 1,870,839,000 1,940,465,000 1,905,784,000 1,783,048,000 1,630,706,000

Net Claims Incurred

222,918,000 30,833,000 253,751,000 864,708,000 137,523,000 169,277,000 1,171,508,000 22,639,000 58,000 ——————— 1,447,956,000 2,052,926,000 2,639,080,000 1,823,105,000 1,569,393,000

CANADIAN UNDERWRITER STATISTICAL ISSUE 2013

Claims Ratio

53.34 88.90 56.07 160.30 22.67 75.70 85.54 46.52 100.00 ————— 77.40 105.80 138.48 102.25 96.24

Barbara Bellissimo, Senior Vice-President 333 First Commerce Dr Aurora ON L4G 8A4 905-750-4620 www.statefarm.ca

2012 Direct Premiums Written: +1,847,686,000 2012 Underwriting Performance Summary Reinsurance Assumed........................................... Reinsurance Ceded ............................... 5,236,000 Net Premiums Written .................... 1,842,450,000 Net Premiums Earned .................... 1,870,839,000 Net Claims & Adj Exp ..................... 1,447,956,000 Commissions ..................................... 180,875,000 Taxes ................................................... 51,868,000 General Expenses ............................. 174,035,000 Undwrwtg. Profit/Loss......................... 18,631,000 Investment Income ............................ 245,711,000

Underwriting Result 2012: 2009:

+$18,631,000 –$495,851,000

2011: 2008:

D-C

+$15,526,000

D-US

Growth: –4.43% %

Growth Rate (NPW) .................................. –4.60 % of Market (NPW) .................................... 4.44 Earned Loss Ratio .................................... 77.40 Total Expense Ratio ................................. 46.54 Combined Loss & Exp. Ratio ................. 123.94 Return on Equity....................................... 10.07

–$481,778,000 –$348,769,000

2010:

–$1,267,250,000

105


STATE FARM FIRE & CASUALTY COMPANY

D-US

Barbara Bellissimo, Senior Vice-President 333 First Commerce Dr Aurora ON L4G 8A4 905-750-4620 www.statefarm.ca Class

Prop. - Personal ..................... Prop. - Commercial ................ Prop - Total ........................... Liability ................................... Surety ..................................... Total 2012............................... Total 2011............................... Total 2010............................... Total 2009............................... Total 2008...............................

Net Prems Written

419,030,000 34,309,000 453,339,000 48,087,000 89,000 ——————— 501,515,000 505,390,000 496,319,000 446,959,000 414,739,000

Net Prems Earned

417,885,000 34,682,000 452,567,000 48,660,000 58,000 ——————— 501,285,000 504,283,000 468,863,000 428,364,000 400,092,000

Net Claims Incurred

222,918,000 30,833,000 253,751,000 22,639,000 58,000 ——————— 276,448,000 307,457,000 272,583,000 313,541,000 342,495,000

Claims Ratio

53.34 88.90 56.07 46.52 100.00 ————— 55.15 60.97 58.14 73.19 85.60

2012 Direct Premiums Written: +506,737,000 2012 Underwriting Performance Summary Reinsurance Assumed........................................... Reinsurance Ceded ............................... 5,222,000 Net Premiums Written ....................... 501,515,000 Net Premiums Earned ....................... 501,285,000 Net Claims & Adj Exp ........................ 276,448,000 Commissions ....................................... 67,356,000 Taxes ................................................... 17,053,000 General Expenses ............................... 60,410,000 Undwrwtg. Profit/Loss......................... 82,340,000 Investment Income .............................. 37,903,000

Underwriting Result 2012: 2009:

+$82,340,000 –$17,416,000

2011: 2008:

Growth: –0.13% %

Growth Rate (NPW) .................................. –0.77 % of Market (NPW) .................................... 1.21 Earned Loss Ratio .................................... 55.15 Total Expense Ratio ................................. 28.89 Combined Loss & Exp. Ratio ................... 84.04 Return on Equity....................................... 13.36

+$49,955,000 –$67,927,000

2010:

STATE FARM MUTUAL AUTOMOBILE Barbara Bellissimo, Senior Vice-President INSURANCE COMPANY 333 First Commerce Dr

+$55,818,000

D-US

Aurora ON L4G 8A4 905-750-4620 www.statefarm.ca Class

Auto. - Liability ....................... Auto. - Pers. Acc. ................... Auto. - Other........................... Auto - Total ............................ Total 2012............................... Total 2011............................... Total 2010............................... Total 2009............................... Total 2008...............................

Net Prems Written

530,483,000 591,419,000 219,033,000 1,340,935,000 ——————— 1,340,935,000 1,425,896,000 1,440,911,000 1,380,809,000 1,265,201,000

Net Prems Earned

539,415,000 606,534,000 223,605,000 1,369,554,000 ——————— 1,369,554,000 1,436,182,000 1,436,921,000 1,354,684,000 1,230,614,000

Net Claims Incurred

864,708,000 137,523,000 169,277,000 1,171,508,000 ——————— 1,171,508,000 1,745,469,000 2,366,497,000 1,509,564,000 1,226,898,000

Claims Ratio

160.30 22.67 75.70 85.54 ————— 85.54 121.54 164.69 111.43 99.70

2012 Direct Premiums Written: +1,340,949,000 2012 Underwriting Performance Summary Reinsurance Assumed........................................... Reinsurance Ceded .................................... 14,000 Net Premiums Written .................... 1,340,935,000 Net Premiums Earned .................... 1,369,554,000 Net Claims & Adj Exp ..................... 1,171,508,000 Commissions ..................................... 113,519,000 Taxes ................................................... 34,815,000 General Expenses ............................. 113,625,000 Undwrwtg. Profit/Loss....................... –61,027,000 Investment Income ............................ 207,808,000

Underwriting Result 2012: 2009:

–$61,027,000 –$478,435,000

2011: 2008:

Growth: –5.96% %

Growth Rate (NPW) .................................. –5.96 % of Market (NPW) .................................... 3.23 Earned Loss Ratio .................................... 85.54 Total Expense Ratio ................................. 19.13 Combined Loss & Exp. Ratio ................. 104.67 Return on Equity......................................... 8.79

–$531,733,000 –$280,842,000

2010:

–$1,323,068,000

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

Prop. - Personal ..................... Prop. - Commercial ................ Prop - Total ........................... Auto. - Liability ....................... Auto. - Pers. Acc. ................... Auto. - Other........................... Auto - Total ............................ Boiler/Mach-excld .................. Fidelity .................................... Liability ................................... Surety ..................................... Marine..................................... Total 2012............................... Total 2011............................... Total 2010............................... Total 2009............................... Total 2008...............................

106

Net Prems Written

24,352,000 98,986,000 123,338,000 26,564,000 6,027,000 15,850,000 48,441,000 5,000 592,000 64,830,000 9,519,000 13,992,000 ——————— 260,717,000 253,531,000 227,385,000 206,993,000 193,926,000

Net Prems Earned

26,304,000 99,257,000 125,561,000 24,538,000 5,682,000 14,280,000 44,500,000 8,000 575,000 63,263,000 9,353,000 13,665,000 ——————— 256,925,000 233,820,000 212,497,000 191,675,000 181,927,000

Net Claims Incurred

17,652,000 63,149,000 80,801,000 15,997,000 4,059,000 10,230,000 30,286,000 1,000 12,000 17,316,000 3,272,000 8,738,000 ——————— 140,426,000 119,772,000 117,236,000 117,742,000 108,610,000

Claims Ratio

67.11 63.62 64.35 65.19 71.44 71.64 68.06 12.50 2.09 27.37 34.98 63.94 ————— 54.66 51.22 55.17 61.43 59.70

2012 Direct Premiums Written: +287,398,000 2012 Underwriting Performance Summary Reinsurance Assumed........................... 7,100,000 Reinsurance Ceded ............................. 34,154,000 Net Premiums Written ....................... 260,717,000 Net Premiums Earned ....................... 256,925,000 Net Claims & Adj Exp ........................ 140,426,000 Commissions ....................................... 62,424,000 Taxes ................................................... 10,119,000 General Expenses ............................... 30,453,000 Undwrwtg. Profit/Loss......................... 14,464,000 Investment Income .............................. 23,066,000

Underwriting Result 2012: 2009:

+$14,464,000 –$1,668,000

2011: 2008:

Growth: 1.35% %

Growth Rate (NPW) .................................... 2.83 % of Market (NPW) .................................... 0.63 Earned Loss Ratio .................................... 54.66 Total Expense Ratio ................................. 40.09 Combined Loss & Exp. Ratio ................... 94.75 Return on Equity....................................... 13.95

+$17,440,000 –$1,854,000

2010:

+$7,315,000

canadianunderwriter.ca CANADIAN UNDERWRITER STATISTICAL ISSUE 2013



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

Title ......................................... Total 2012............................... Total 2011............................... Total 2010............................... Total 2009............................... Total 2008...............................

Net Prems Written

91,741,000 ——————— 91,741,000 79,852,000 75,971,000 68,976,000 74,142,000

Net Prems Earned

91,741,000 ——————— 91,741,000 79,852,000 75,971,000 68,976,000 74,142,000

Net Claims Incurred

14,385,000 ——————— 14,385,000 16,934,000 22,624,000 30,265,000 27,774,000

Claims Ratio

15.68 ————— 15.68 21.21 29.78 43.88 37.46

2012 Direct Premiums Written: +91,741,000 2012 Underwriting Performance Summary Reinsurance Assumed........................................... Reinsurance Ceded ............................................... Net Premiums Written ......................... 91,741,000 Net Premiums Earned ......................... 91,741,000 Net Claims & Adj Exp .......................... 14,385,000 Commissions ......................................................... Taxes ..................................................... 2,861,000 General Expenses ............................... 48,056,000 Undwrwtg. Profit/Loss......................... 26,439,000 Investment Income ................................ 2,525,000

Underwriting Result 2012: 2009:

+$26,439,000 +$2,176,000

2011: 2008:

Growth: 14.89% %

Growth Rate (NPW) .................................. 14.89 % of Market (NPW) .................................... 0.22 Earned Loss Ratio .................................... 15.68 Total Expense Ratio ................................... 0.00 Combined Loss & Exp. Ratio ..................... 0.00 Return on Equity....................................... 20.60

+$21,629,000 +$4,969,000

2010:

TD INSURANCE, GENERAL INSURANCE 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 - Total ........................... Auto. - Liability ....................... Auto. - Pers. Acc. ................... Auto. - Other........................... Auto - Total ............................ Liability ................................... Total 2012............................... Total 2011............................... Total 2010............................... Total 2009............................... Total 2008...............................

Net Prems Written

700,187,000 700,187,000 898,468,000 564,013,000 474,903,000 1,937,384,000 8,431,000 ——————— 2,646,002,000 2,519,036,000 2,323,947,000 2,100,279,000 1,894,783,000

Net Prems Earned

670,404,000 670,404,000 849,071,000 567,100,000 468,035,000 1,884,206,000 8,431,000 ——————— 2,563,041,000 2,417,427,000 2,200,681,000 1,993,172,000 1,856,462,000

Net Claims Incurred

493,537,000 493,537,000 1,035,840,000 211,471,000 357,336,000 1,604,647,000 5,167,000 ——————— 2,103,351,000 1,851,146,000 1,771,204,000 1,652,516,000 1,446,334,000

Claims Ratio

73.62 73.62 122.00 37.29 76.35 85.16 61.29 ————— 82.06 76.58 80.48 82.91 77.91

B-C

Kenneth W Lalonde, President & Chief Executive Officer Richmond Adelaide Center 120 Adelaide St W 2th Floor Toronto ON M5H 1T1 www.tdinsurance.com service@melochemonnex.com

2012 Direct Premiums Written: +2,707,183,000 2012 Underwriting Performance Summary Reinsurance Assumed........................................... Reinsurance Ceded ............................. 61,181,000 Net Premiums Written .................... 2,646,002,000 Net Premiums Earned .................... 2,563,041,000 Net Claims & Adj Exp ..................... 2,103,351,000 Commissions ..................................... 283,965,000 Taxes ................................................... 82,427,000 General Expenses ............................. 245,807,000 Undwrwtg. Profit/Loss..................... –152,509,000 Investment Income ............................ 143,485,000

Underwriting Result 2012: 2009:

–$152,509,000 –$94,530,000

2011: 2008:

Growth: 6.96% %

Growth Rate (NPW) .................................... 5.04 % of Market (NPW) .................................... 6.37 Earned Loss Ratio .................................... 82.06 Total Expense Ratio ................................. 23.89 Combined Loss & Exp. Ratio ................. 105.95 Return on Equity....................................... –0.18

+$14,564,000 +$3,906,000

2010:

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

Prop. - Commercial ................ Prop - Total ........................... Aircraft .................................... Auto. - Liability ....................... Auto - Total ............................ Boiler/Mach-excld .................. Liability ................................... Surety ..................................... Marine..................................... Accident & Sickness............... Total 2012............................... Total 2011............................... Total 2010............................... Total 2009............................... Total 2008...............................

108

Net Prems Written

Net Prems Earned

Net Claims Incurred

Claims Ratio

28,734,000 28,734,000

27,798,000 27,798,000

3,000 3,000 166,000 71,212,000

3,000 3,000 70,000 71,354,000

16,349,000 16,349,000 –1,000 –140,000 –140,000

58.81 58.81 0.00 –4,666.67 –4,666.67

——————— 100,115,000 92,320,000 103,666,000 103,688,000 111,002,000

——————— 99,225,000 98,044,000 105,946,000 107,255,000 110,202,000

44,669,000 –23,000 –20,000 –67,000 ——————— 60,767,000 66,624,000 59,212,000 51,568,000 44,711,000

62.60 0.00 0.00 0.00 ————— 61.24 67.95 55.89 48.08 40.57

2012 Direct Premiums Written: +170,104,000 2012 Underwriting Performance Summary Reinsurance Assumed................................ 39,000 Reinsurance Ceded ............................. 70,028,000 Net Premiums Written ....................... 100,115,000 Net Premiums Earned ......................... 99,225,000 Net Claims & Adj Exp .......................... 60,767,000 Commissions ....................................... 21,028,000 Taxes ..................................................... 5,339,000 General Expenses ............................... 10,764,000 Undwrwtg. Profit/Loss........................... 1,327,000 Investment Income .............................. 20,264,000

Underwriting Result 2012: 2009:

+$1,327,000 +$11,603,000

+$13,491,000

2011: 2008:

–$65,268,000

D-C

Growth: 10.99% %

Growth Rate (NPW) .................................... 8.44 % of Market (NPW) .................................... 0.24 Earned Loss Ratio .................................... 61.24 Total Expense Ratio ................................. 37.42 Combined Loss & Exp. Ratio ................... 98.66 Return on Equity....................................... 10.86

–$7,803,000 +$20,171,000

2010:

–$136,000

canadianunderwriter.ca CANADIAN UNDERWRITER STATISTICAL ISSUE 2013


TIG INSURANCE COMPANY

Net Prems Written

Class

Auto. - Liability ....................... Auto - Total ............................ Liability ................................... Total 2012............................... Total 2011............................... Total 2010............................... Total 2009............................... Total 2008...............................

0 ——————— 0 0 0 0 0

Net Prems Earned

0 ——————— 0 0 0 0 0

Net Claims Incurred

56,000 56,000 1,550,000 ——————— 1,606,000 766,000 20,000 –105,000 –115,000

Claims Ratio

0.00 0.00 —————

B-US

David Derksen, Chief Agent 255 Commerce Dr PO Box 5800 Winnipeg MB R3C 3C9 250-495-4784

2012 Underwriting Performance Summary Reinsurance Assumed........................................... Reinsurance Ceded ............................................... Net Premiums Written ......................................... 0 Net Premiums Earned ......................................... 0 Net Claims & Adj Exp ............................ 1,606,000 Commissions ......................................................... Taxes ..................................................................... General Expenses ................................... 264,,000 Undwrwtg. Profit/Loss..........................-1,870,000 Investment Income ................................... 528,000

Underwriting Result 2012: 2008:

-$1,870,000 –$188,000

2011:

%

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......................................... 7.61

–$1,056,000

2010:

–$325,000

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

Net Prems Written

Class

Prop. - Personal ..................... Prop. - Commercial ................ Prop - Total ........................... Aircraft .................................... Auto. - Liability ....................... Auto. - Pers. Acc. ................... Auto. - Other........................... Auto - Total ............................ Boiler/Mach-excld .................. Fidelity .................................... Liability ................................... Marine..................................... Total 2012............................... Total 2011............................... Total 2010............................... Total 2009............................... Total 2008...............................

224,000 9,138,000 9,362,000 7,318,000 3,451,000 1,296,000 1,395,000 6,142,000 367,000 55,000 3,529,000 530,000 ——————— 27,303,000 25,460,000 26,081,000 25,345,000 29,364,000

Net Prems Earned

193,000 8,458,000 8,651,000 7,749,000 3,473,000 1,455,000 1,450,000 6,378,000 365,000 110,000 3,613,000 668,000 ——————— 27,534,000 24,680,000 25,416,000 26,786,000 27,784,000

Net Claims Incurred

28,000 853,000 881,000 2,881,000 7,214,000 245,000 1,784,000 9,243,000 362,000 –24,000 322,000 –69,000 ——————— 13,596,000 12,129,000 19,411,000 22,388,000 20,179,000

Claims Ratio

14.51 10.09 10.18 37.18 207.72 16.84 123.03 144.92 99.18 –21.82 8.91 –10.33 ————— 49.38 49.15 76.37 83.58 72.63

2012 Direct Premiums Written: +22,275,000 2012 Underwriting Performance Summary Reinsurance Assumed........................... 8,926,000 Reinsurance Ceded ............................... 4,021,000 Net Premiums Written ......................... 27,303,000 Net Premiums Earned ......................... 27,534,000 Net Claims & Adj Exp .......................... 13,596,000 Commissions ......................................... 3,894,000 Taxes ........................................................ 987,000 General Expenses ................................. 4,999,000 Undwrwtg. Profit/Loss........................... 4,058,000 Investment Income ................................ 2,315,000

Underwriting Result 2012: 2009:

+$4,058,000 –$4,703,000

2011: 2008:

Growth: 11.26% %

Growth Rate (NPW) .................................... 7.24 % of Market (NPW) .................................... 0.07 Earned Loss Ratio .................................... 49.38 Total Expense Ratio ................................. 35.88 Combined Loss & Exp. Ratio ................... 85.26 Return on Equity......................................... 7.73

+$3,717,000 –$1,889,000

2010:

–$3,419,000

Your Breaking Insurance News Source... Sign-up to receive Canadian Underwriter’s FREE DAILY Insurance Headline e-News: http://bit.ly/cuenews CANADIAN UNDERWRITER STATISTICAL ISSUE 2013

.ca 109


TRAVELERS CANADA ST. PAUL FIRE & MARINE INSURANCE COMPANY TRAVELERS INSURANCE COMPANY OF CANADA

Class

Prop. - Personal ..................... Prop. - Commercial ................ Prop - Total ........................... Aircraft .................................... Auto. - Liability ....................... Auto. - Pers. Acc. ................... Auto. - Other........................... Auto - Total ............................ Boiler/Mach-excld .................. Fidelity .................................... Liability ................................... Surety ..................................... Title ......................................... Marine..................................... Total 2012............................... Total 2011............................... Total 2010............................... Total 2009............................... Total 2008...............................

Net Prems Written

Net Prems Earned

4,000 43,251,000 43,255,000

4,000 41,263,000 41,267,000

22,533,000 3,346,000 9,053,000 34,932,000 2,166,000 9,302,000 90,006,000 72,419,000 1,000 15,759,000 ——————— 267,840,000 298,192,000 309,697,000 326,159,000 352,197,000

25,933,000 4,046,000 10,302,000 40,281,000 6,854,000 9,507,000 93,398,000 77,947,000 1,000 13,398,000 ——————— 282,653,000 306,721,000 330,992,000 354,364,000 371,595,000

Net Claims Incurred

1,000 5,434,000 5,435,000 –115,000 24,035,000 15,273,000 –9,524,000 29,784,000 –4,008,000 4,834,000 38,652,000 2,749,000 51,000 5,985,000 ——————— 83,367,000 132,310,000 168,641,000 127,279,000 212,429,000

Claims Ratio

25.00 13.17 13.17 0.00 92.68 377.48 –92.45 73.94 –58.48 50.85 41.38 3.53 5,100.00 44.67 ————— 29.49 43.14 50.95 35.92 57.17

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

2012 Direct Premiums Written: +310,596,000 2012 Underwriting Performance Summary Reinsurance Assumed........................... 8,947,000 Reinsurance Ceded ............................. 51,703,000 Net Premiums Written ....................... 267,840,000 Net Premiums Earned ....................... 282,653,000 Net Claims & Adj Exp .......................... 83,367,000 Commissions ....................................... 44,967,000 Taxes ................................................... 10,940,000 General Expenses ............................... 66,896,000 Undwrwtg. Profit/Loss......................... 78,454,000 Investment Income .............................. 52,898,000

Underwriting Result 2012: 2009:

+$78,454,000 +$101,979,000

2011: 2008:

Growth: –12.96% %

Growth Rate (NPW) ................................ –10.18 % of Market (NPW) .................................... 0.64 Earned Loss Ratio .................................... 29.49 Total Expense Ratio ................................. 43.45 Combined Loss & Exp. Ratio ................... 72.94 Return on Equity......................................... 9.53

+$48,378,000 +$32,670,000

2010:

TRISURA GUARANTEE INSURANCE COMPANY

+$32,294,000

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

Prop. - Commercial ................ Prop - Total ........................... Boiler/Mach-excld .................. Boiler/Mach-equip .................. Fidelity .................................... Liability ................................... Surety ..................................... Total 2012............................... Total 2011............................... Total 2010............................... Total 2009............................... Total 2008...............................

Net Prems Written

73,000 73,000 312,000 8,066,000 2,011,000 16,114,000 19,758,000 ——————— 46,334,000 39,531,000 31,978,000 25,003,000 22,157,000

Net Prems Earned

70,000 70,000 312,000 6,458,000 2,012,000 12,807,000 18,953,000 ——————— 40,612,000 33,326,000 28,385,000 21,362,000 15,720,000

Net Claims Incurred

31,000 31,000 388,000 787,000 1,118,000 4,740,000 4,587,000 ——————— 11,651,000 8,802,000 4,511,000 5,801,000 4,420,000

Claims Ratio

44.29 44.29 124.36 12.19 55.57 37.01 24.20 ————— 28.69 26.41 15.89 27.16 28.12

2012 Direct Premiums Written: +64,983,000 2012 Underwriting Performance Summary Reinsurance Assumed.............................. 139,000 Reinsurance Ceded ............................. 18,875,000 Net Premiums Written ......................... 46,334,000 Net Premiums Earned ......................... 40,612,000 Net Claims & Adj Exp .......................... 11,651,000 Commissions ....................................... 10,507,000 Taxes ..................................................... 1,735,000 General Expenses ............................... 13,723,000 Undwrwtg. Profit/Loss........................... 4,502,000 Investment Income ................................ 2,350,000

Underwriting Result 2012: 2009:

+$4,502,000 +$2,510,000

TRITON INSURANCE

Class

Prop. - Personal ..................... Prop - Total ........................... Fidelity .................................... Liability ................................... Accident & Sickness............... Total 2012............................... Total 2011............................... Total 2010............................... Total 2009............................... Total 2008...............................

Net Prems Written

Net Prems Earned

13,235,000 13,235,000 34,000

12,683,000 12,683,000 34,000

31,155,000 ——————— 44,424,000 25,514,000 8,972,000 26,798,000 166,862,000

30,847,000 ——————— 43,564,000 41,415,000 41,494,000 54,065,000 25,755,000

Net Claims Incurred

Claims Ratio

1,175,000 1,175,000

9.26 9.26

10,000 8,118,000 ——————— 9,303,000 9,575,000 11,254,000 17,087,000 4,749,000

0.00 26.32 ————— 21.35 23.12 27.12 31.60 18.44

Growth: 27.88% %

Growth Rate (NPW) .................................. 17.21 % of Market (NPW) .................................... 0.11 Earned Loss Ratio .................................... 28.69 Total Expense Ratio ................................. 63.93 Combined Loss & Exp. Ratio ................... 92.62 Return on Equity....................................... 10.86

+$4,794,000 +$188,000

2010:

Reinsurance Assumed........................................... Reinsurance Ceded ............................................... Net Premiums Written ......................... 44,424,000 Net Premiums Earned ......................... 43,564,000 Net Claims & Adj Exp ............................ 9,303,000 Commissions .............................................. 48,000 Taxes ..................................................... 1,169,000 General Expenses ................................. 4,624,000 Undwrwtg. Profit/Loss......................... 28,420,000 Investment Income ................................ 7,611,000 2012: 2009:

+$28,420,000 +$19,802,000

2011: 2008:

+$5,530,000

D-F

Henryka Anderson, Chief Agent 355 Wellington St London ON N6A 3N7 519-680-4738 Fax:866-897-8985

2012 Direct Premiums Written: +44,424,000 2012 Underwriting Performance Summary

Underwriting Result

110

2011: 2008:

B-C

Growth: 47.24% %

Growth Rate (NPW) .................................. 74.12 % of Market (NPW) .................................... 0.11 Earned Loss Ratio .................................... 21.35 Total Expense Ratio ................................. 13.41 Combined Loss & Exp. Ratio ................... 34.76 Return on Equity....................................... 42.01

+$27,777,000 +$7,142,000

2010:

+$22,053,000

canadianunderwriter.ca CANADIAN UNDERWRITER STATISTICAL ISSUE 2013

CP-8


Insurance solutions as unique as your business. Your risk management challenges are unique. Your solutions need to be, too. That’s what you’ll get with Travelers. Our experience delivering custom solutions, combined with our global expertise in risk management, make us the only choice when it comes to your business.

travelerscanada.ca St. Paul Fire and Marine Insurance Company and Travelers Insurance Company of Canada are the Canadian licensed insurers known as Travelers Canada. Š 2013 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. CP-8416 Rev. 5-13

CP-8416-5.13.13_jod.indd 1

5/13/13 11:56 AM


UNICA INSURANCE INC.

Class

Prop. - Personal ..................... Prop. - Commercial ................ Prop - Total ........................... Auto. - Liability ....................... Auto. - Pers. Acc. ................... Auto. - Other........................... Auto - Total ............................ Legal Expense ........................ Liability ................................... Surety ..................................... Total 2012............................... Total 2011............................... Total 2010............................... Total 2009............................... Total 2008...............................

Net Prems Written

27,786,000 6,419,000 34,205,000 23,359,000 2,136,000 23,566,000 49,061,000 797,000 2,735,000 1,232,000 ——————— 88,030,000 107,126,000 137,598,000 128,172,000 77,677,000

Net Prems Earned

28,386,000 5,957,000 34,343,000 24,440,000 4,215,000 30,639,000 59,294,000 797,000 2,254,000 1,232,000 ——————— 97,920,000 125,601,000 123,549,000 98,390,000 50,735,000

Net Claims Incurred

15,805,000 3,362,000 19,167,000 18,572,000 –1,720,000 20,886,000 37,738,000 447,000 1,975,000 496,000 ——————— 59,823,000 86,055,000 95,467,000 81,290,000 56,041,000

Claims Ratio

55.68 56.44 55.81 75.99 –40.81 68.17 63.65 56.09 87.62 40.26 ————— 61.09 68.51 77.27 82.62 110.46

B-C

Martin Delage, President & COO 7150 Derrycrest Dr Mississauga ON L5W 0E5 905-677-9777 Fax:905-795-0887

2012 Direct Premiums Written: +93,741,000 2012 Underwriting Performance Summary Reinsurance Assumed......................... 85,798,000 Reinsurance Ceded ............................. 91,459,000 Net Premiums Written ......................... 88,030,000 Net Premiums Earned ......................... 97,920,000 Net Claims & Adj Exp .......................... 59,823,000 Commissions ....................................... 17,677,000 Taxes ..................................................... 2,996,000 General Expenses ............................... 15,588,000 Undwrwtg. Profit/Loss........................... 4,084,000 Investment Income ................................ 8,007,000

Underwriting Result 2012: 2009:

+$4,084,000 –$10,748,000

2011: 2008:

Growth: –6.52% %

Growth Rate (NPW) ................................ –17.83 % of Market (NPW) .................................... 0.21 Earned Loss Ratio .................................... 61.09 Total Expense Ratio ................................. 37.03 Combined Loss & Exp. Ratio ................... 98.12 Return on Equity....................................... 10.84

–$4,260,000 –$37,833,000

2010:

–$7,132,000

L’UNIQUE COMPAGNIE D’ASSURANCES B-C Mario Cusson, President et chef de l’exploitation GENERALES 625 Saint-Amable Québec QC G1R 2G5 418-683-2711 Fax:418-688-9684 mario.cusson@lunique.qc.ca Class

Prop. - Personal ..................... Prop. - Commercial ................ Prop - Total ........................... Auto. - Liability ....................... Auto. - Pers. Acc. ................... Auto. - Other........................... Auto - Total ............................ Legal Expense ........................ Liability ................................... Surety ..................................... Total 2012............................... Total 2011............................... Total 2010............................... Total 2009............................... Total 2008...............................

Net Prems Written

40,388,000 12,733,000 53,121,000 33,899,000 5,503,000 42,826,000 82,228,000 1,027,000 3,200,000 1,726,000 ——————— 141,302,000 123,386,000 111,782,000 97,205,000 91,880,000

Net Prems Earned

36,595,000 7,682,000 44,277,000 31,532,000 5,437,000 39,461,000 76,430,000 1,027,000 2,975,000 1,518,000 ——————— 126,227,000 111,426,000 106,834,000 89,665,000 77,863,000

Net Claims Incurred

20,555,000 5,455,000 26,010,000 17,670,000 1,419,000 26,532,000 45,621,000 597,000 2,231,000 332,000 ——————— 74,791,000 64,742,000 65,404,000 55,624,000 44,895,000

Claims Ratio

56.17 71.01 58.74 56.04 26.10 67.24 59.69 58.13 74.99 21.87 ————— 59.25 58.10 61.22 62.04 57.66

2012 Direct Premiums Written: +151,426,000 2012 Underwriting Performance Summary Reinsurance Assumed....................... 103,805,000 Reinsurance Ceded ........................... 113,929,000 Net Premiums Written ....................... 141,302,000 Net Premiums Earned ....................... 126,227,000 Net Claims & Adj Exp .......................... 74,791,000 Commissions ....................................... 20,596,000 Taxes ..................................................... 4,757,000 General Expenses ............................... 22,408,000 Undwrwtg. Profit/Loss........................... 6,278,000 Investment Income ................................ 4,114,000

Underwriting Result 2012: 2009:

+$6,278,000 +$6,701,000

2011: 2008:

Growth: 3.23% %

Growth Rate (NPW) .................................. 14.52 % of Market (NPW) .................................... 0.34 Earned Loss Ratio .................................... 59.25 Total Expense Ratio ................................. 37.84 Combined Loss & Exp. Ratio ................... 97.09 Return on Equity....................................... 12.89

+$6,532,000 +$2,889,000

2010:

UTICA MUTUAL INSURANCE COMPANY LIMITED Colleen Sexsmith, Chief Agent 1145 Nicholson Rd., Unit 2 Newmarket ON L3Y 9C3 905-853-0858 Fax:905-853-0183

Class

Liability ................................... Total 2012............................... Total 2011............................... Total 2010............................... Total 2009............................... Total 2008...............................

Net Prems Written

19,000 ——————— 19,000 0 0 0 –4,000

Net Prems Earned

19,000 ——————— 19,000 0 0 0 –4,000

Net Claims Incurred

–39,000 ——————— –39,000 –16,000 –398,000 –55,000 –38,000

Claims Ratio

–205.26 ————— –205.26

950.00

B-US

2012 Underwriting Performance Summary Reinsurance Assumed........................................... Reinsurance Ceded .................................. –19,000 Net Premiums Written .............................. –19,000 Net Premiums Earned ................................ 19,000 Net Claims & Adj Exp ............................... –39,000 Commissions ......................................................... Taxes ..................................................................... General Expenses .................................... 185,000 Undwrwtg. Profit/Loss............................ –127,000 Investment Income ..................................... 69,000

Underwriting Result 2012: 2009:

112

+$4,034,000

–$127,000 –$128,000

2011: 2008:

%

Growth Rate (NPW) .................................... 0.00 % of Market (NPW) .................................... 0.00 Earned Loss Ratio ................................ –205.26 Total Expense Ratio ................................... 0.00 Combined Loss & Exp. Ratio ..................... 0.00 Return on Equity......................................... 1.76

–$210,000 –$144,000

2010:

+$205,000

canadianunderwriter.ca CANADIAN UNDERWRITER STATISTICAL ISSUE 2013


UniqUe name. UniqUe Company.

Unica insurance Doing things a little differently... The evolution continues. 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


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

Prop. - Personal ..................... Prop. - Commercial ................ Prop - Total ........................... Auto. - Liability ....................... Auto. - Pers. Acc. ................... Auto. - Other........................... Auto - Total ............................ Boiler/Mach-excld .................. Liability ................................... Total 2012............................... Total 2011............................... Total 2010............................... Total 2009............................... Total 2008...............................

Net Prems Written

Net Prems Earned

648,623,000 212,187,000 860,810,000 559,130,000 219,670,000 405,520,000 1,184,320,000

625,767,000 203,732,000 829,499,000 555,460,000 211,695,000 406,307,000 1,173,462,000

37,889,000 ——————— 2,083,019,000 2,002,286,000 1,883,107,000 1,694,037,000 1,614,504,000

36,805,000 ——————— 2,039,766,000 1,930,568,000 1,789,221,000 1,610,616,000 1,561,358,000

Net Claims Incurred

443,476,000 138,621,000 582,097,000 474,461,000 141,393,000 277,953,000 893,807,000 6,000 25,348,000 ——————— 1,501,258,000 1,485,946,000 1,347,593,000 1,265,024,000 1,243,275,000

Claims Ratio

70.87 68.04 70.17 85.42 66.79 68.41 76.17 0.00 68.87 ————— 73.60 76.97 75.32 78.54 79.63

2012 Direct Premiums Written: +2,161,371,000 2012 Underwriting Performance Summary

%

Reinsurance Assumed........................................... Reinsurance Ceded ............................. 78,352,000 Net Premiums Written .................... 2,083,019,000 Net Premiums Earned .................... 2,039,766,000 Net Claims & Adj Exp ..................... 1,501,258,000 Commissions ..................................... 365,988,000 Taxes ................................................... 72,402,000 General Expenses ............................. 168,936,000 Undwrwtg. Profit/Loss....................... –37,893,000 Investment Income ............................ 295,561,000

Underwriting Result 2012: 2009:

–$37,893,000 –$89,446,000

2011: 2008:

Growth: 4.41%

Growth Rate (NPW) .................................... 4.03 % of Market (NPW) .................................... 5.02 Earned Loss Ratio .................................... 73.60 Total Expense Ratio ................................. 29.77 Combined Loss & Exp. Ratio ................. 103.37 Return on Equity......................................... 9.04

–$75,383,000 –$95,249,000

2010:

–$40,078,000

WESTERN FINANCIAL INSURANCE

D-C

Roger A Ranieri, Chief Financial Officer 200-1200 Portage Ave Winnipeg MB R3G 0T5

Class

Prop. - Personal ..................... Prop - Total ........................... Total 2012............................... Total 2011............................... Total 2009............................... Total 2008...............................

Net Prems Written

41,747,000 41,747,000 ——————— 41,747,000 39,825,000 32,059,000 26,647,000

Net Prems Earned

41,334,000 41,334,000 ——————— 41,334,000 38,820,000 32,096,000 26,684,000

Net Claims Incurred

22,480,000 22,480,000 ——————— 22,480,000 19,627,000 16,458,000 15,260,000

Claims Ratio

54.39 54.39 ————— 54.39 50.56 51.28 57.19

2012 Direct Premiums Written: +41,747,000 2012 Underwriting Performance Summary Reinsurance Assumed........................................... Reinsurance Ceded ............................................... Net Premiums Written ......................... 41,747,000 Net Premiums Earned ......................... 41,334,000 Net Claims & Adj Exp .......................... 22,480,000 Commissions ............................................ 883,000 Taxes ..................................................... 1,907,000 General Expenses ............................... 14,441,000 Undwrwtg. Profit/Loss........................... 2,436,000 Investment Income ................................... 733,000

Underwriting Result 2012:

+$2,436,000

2011:

Growth: 4.83% %

Growth Rate (NPW) .................................... 4.83 % of Market (NPW) .................................... 0.10 Earned Loss Ratio .................................... 54.39 Total Expense Ratio ............................... 363.46 Combined Loss & Exp. Ratio ................. 417.85 Return on Equity................................................

+$3,802,000

2009:

WESTERN SURETY COMPANY

+$5,624,000

Scott W Donald, President & Chief Executive Officer 2100-1881 Scarth St Regina SK S4P 4K9 306-791-3735, Fax:306-359-0929 www.westernsurety.ca sdonald@westernsurety.ca

Class

Fidelity .................................... Surety ..................................... Total 2012............................... Total 2011............................... Total 2010............................... Total 2009............................... Total 2008...............................

Net Prems Written

5,000 13,033,000 ——————— 13,038,000 13,340,000 13,910,000 11,992,000 10,688,000

Net Prems Earned

5,000 13,199,000 ——————— 13,204,000 13,131,000 12,961,000 11,082,000 10,618,000

Net Claims Incurred

106,000 ——————— 106,000 –50,000 5,226,000 1,525,000 1,197,000

Claims Ratio

0.80 ————— 0.80 –0.38 40.32 13.76 11.27

2012 Direct Premiums Written: +21,488,000 2012 Underwriting Performance Summary Reinsurance Assumed.............................. 112,000 Reinsurance Ceded ............................... 8,562,000 Net Premiums Written ......................... 13,038,000 Net Premiums Earned ......................... 13,204,000 Net Claims & Adj Exp ............................... 106,000 Commissions ......................................... 7,589,000 Taxes ........................................................ 502,000 General Expenses ................................. 1,784,000 Undwrwtg. Profit/Loss........................... 3,223,000 Investment Income ................................ 1,441,000

Underwriting Result 2012: 2009:

114

+$3,223,000 +$1,334,000

2011: 2008:

D-C

Growth: –6.25% %

Growth Rate (NPW) .................................. –2.26 % of Market (NPW) .................................... 0.03 Earned Loss Ratio ...................................... 0.80 Total Expense Ratio ................................. 74.79 Combined Loss & Exp. Ratio ................... 75.59 Return on Equity....................................... 17.85

+$2,495,000 +$1,378,000

2010:

–$2,406,000

canadianunderwriter.ca CANADIAN UNDERWRITER STATISTICAL ISSUE 2013


Oilfield Select Insurance Policy A package to help you grow your business.

Oilfield Select Insurance Policy highlights: • Designed specifically for the oil and gas industry • Limited Pollution Liability included in base liability coverage package • Full suite of commercial coverages also available.

www.wawanesa.com Auto – Home – Business – Farm – Life and Group


WYNWARD INSURANCE GROUP

Darryl Levy, President & Chief Executive Officer 1240 One Lombard Place Winnipeg MB R3B 0V9 204-943-0721 Fax:204-943-6419 www.wynward.com

Class

Prop. - Personal ..................... Prop. - Commercial ................ Prop - Total ........................... Boiler/Mach-excld .................. Fidelity .................................... Liability ................................... Surety ..................................... Total 2012............................... Total 2011............................... Total 2010............................... Total 2009............................... Total 2008...............................

Net Prems Written

8,508,000 30,992,000 39,500,000 321,000 28,000 10,725,000 174,000 ——————— 50,748,000 45,863,000 42,427,000 41,504,000 39,902,000

Net Prems Earned

8,386,000 27,516,000 35,902,000 270,000 34,000 10,239,000 161,000 ——————— 46,606,000 44,167,000 41,859,000 40,082,000 39,651,000

Net Claims Incurred

3,642,000 12,477,000 16,119,000 9,000 58,000 3,751,000 –110,000 ——————— 19,827,000 21,895,000 19,932,000 15,557,000 18,653,000

Claims Ratio

43.43 45.34 44.90 3.33 170.59 36.63 –68.32 ————— 42.54 49.57 47.62 38.81 47.04

2012 Direct Premiums Written: +65,586,000 2012 Underwriting Performance Summary Reinsurance Assumed........................................... Reinsurance Ceded ............................. 14,838,000 Net Premiums Written ......................... 50,748,000 Net Premiums Earned ......................... 46,606,000 Net Claims & Adj Exp .......................... 19,827,000 Commissions ....................................... 10,626,000 Taxes ..................................................... 2,424,000 General Expenses ................................. 9,152,000 Undwrwtg. Profit/Loss........................... 4,577,000 Investment Income ................................ 3,173,000

Underwriting Result 2012: 2009:

+$4,577,000 +$6,590,000

2011: 2008:

B-C

Growth: 12.77% %

Growth Rate (NPW) .................................. 10.65 % of Market (NPW) .................................... 0.12 Earned Loss Ratio .................................... 42.54 Total Expense Ratio ................................. 47.64 Combined Loss & Exp. Ratio ................... 90.18 Return on Equity....................................... 19.46

+$2,397,000 +$4,072,000

2010:

+$3,139,000

XL INSURANCE

B-UK Cindy Guyatt, Country Manager & Chief Agent 100 Yonge St, Suite 1802 Toronto ON M5C 2W1 416-928-8561 Fax:416-928-8858 www.xlinsurance

Class

Prop. - Commercial ................ Prop - Total ........................... Aircraft .................................... Auto. - Liability ....................... Auto - Total ............................ Boiler/Mach-excld .................. Boiler/Mach-equip .................. Liability ................................... Surety ..................................... Marine..................................... Total 2012............................... Total 2011............................... Total 2010............................... Total 2009............................... Total 2008...............................

Net Prems Written

18,026,000 18,026,000 9,944,000 1,135,000 1,135,000 –224,000 –2,266,000 62,381,000 36,000 1,384,000 ——————— 90,416,000 73,717,000 86,536,000 89,729,000 92,738,000

Net Prems Earned

16,100,000 16,100,000 9,914,000 611,000 611,000 68,000 230,000 62,627,000 41,000 1,509,000 ——————— 91,100,000 87,938,000 83,118,000 89,226,000 86,417,000

Net Claims Incurred

4,793,000 4,793,000 9,023,000 50,000 50,000 129,000 880,000 43,515,000 20,000 515,000 ——————— 58,925,000 49,496,000 49,640,000 49,967,000 49,341,000

Claims Ratio

29.77 29.77 91.01 8.18 8.18 189.71 382.61 69.48 48.78 34.13 ————— 64.68 56.29 59.72 56.00 57.10

2012 Direct Premiums Written: +117,256,000 2012 Underwriting Performance Summary Reinsurance Assumed........................... 1,526,000 Reinsurance Ceded ............................. 28,366,000 Net Premiums Written ......................... 90,416,000 Net Premiums Earned ......................... 91,100,000 Net Claims & Adj Exp .......................... 58,925,000 Commissions ......................................... 8,125,000 Taxes ..................................................... 3,897,000 General Expenses ............................... 21,431,000 Undwrwtg. Profit/Loss......................... –1,347,000 Investment Income .............................. 12,799,000

Underwriting Result 2012: 2009:

–$1,347,000 +$10,176,000

2011: 2008:

Growth: 22.88% %

Growth Rate (NPW) .................................. 22.65 % of Market (NPW) .................................... 0.22 Earned Loss Ratio .................................... 64.68 Total Expense Ratio ................................. 36.72 Combined Loss & Exp. Ratio ................. 101.40 Return on Equity......................................... 3.34

+$9,180,000 +$9,971,000

2010:

ZURICH INSURANCE COMPANY LTD Patrick Lundy, President (CANADIAN BRANCH) 400 University Ave.

+$4,658,000

B-F

Toronto ON M5G 1S7 416-586-3000 Fax:416-586-2990 www.zurichcanada.com Class

Prop. - Personal ..................... Prop. - Commercial ................ Prop - Total ........................... Aircraft .................................... Auto. - Liability ....................... Auto. - Pers. Acc. ................... Auto. - Other........................... Auto - Total ............................ Boiler/Mach-excld .................. Fidelity .................................... Liability ................................... Other Apprvd. Prod. ............... Surety ..................................... Marine..................................... Total 2012............................... Total 2011............................... Total 2010............................... Total 2009............................... Total 2008...............................

116

Net Prems Written

Net Prems Earned

240,585,000 240,585,000

238,229,000 238,229,000

93,297,000 16,344,000 44,543,000 154,184,000 19,369,000 1,318,000 221,593,000 240,000

97,863,000 16,494,000 46,021,000 160,378,000 20,562,000 1,340,000 217,688,000 269,000

4,536,000 ——————— 641,825,000 649,716,000 651,336,000 579,006,000 615,151,000

2,876,000 ——————— 641,342,000 639,906,000 644,229,000 592,490,000 611,182,000

Net Claims Incurred

Claims Ratio

–44,000 227,550,000 227,506,000 46,000 53,273,000 –3,365,000 21,673,000 71,581,000 22,408,000 753,000 101,073,000

0.00 95.52 95.50 0.00 54.44 –20.40 47.09 44.63 108.98 56.19 46.43

1,350,000 2,114,000 ——————— 426,831,000 376,132,000 461,501,000 448,912,000 407,858,000

0.00 73.50 ————— 66.55 58.78 71.64 75.77 66.73

2012 Direct Premiums Written: +913,382,000 2012 Underwriting Performance Summary Reinsurance Assumed....................... 177,507,000 Reinsurance Ceded ........................... 456,432,000 Net Premiums Written ....................... 641,825,000 Net Premiums Earned ....................... 641,342,000 Net Claims & Adj Exp ........................ 426,831,000 Commissions ....................................... 55,038,000 Taxes ................................................... 47,252,000 General Expenses ............................... 91,981,000 Undwrwtg. Profit/Loss......................... 22,411,000 Investment Income .............................. 75,706,000

Underwriting Result 2012: 2009:

+$22,411,000 –$23,107,000

2011: 2008:

Growth: 0.95% %

Growth Rate (NPW) .................................. –1.21 % of Market (NPW) .................................... 1.54 Earned Loss Ratio .................................... 66.55 Total Expense Ratio ................................. 30.29 Combined Loss & Exp. Ratio ................... 96.84 Return on Equity....................................... 10.03

+$89,987,000 +$31,687,000

2010:

+$7,793,000

canadianunderwriter.ca CANADIAN UNDERWRITER STATISTICAL ISSUE 2013



2012 REINSURANCE COMPANIES RESULTS ALEA (BERMUDA) LTD

Class

Prop. - Personal ..................... Prop. - Commercial ................ Prop - Total ........................... Auto. - Liability ....................... Auto - Total ............................ Liability ................................... Total 2012............................... Total 2011............................... Total 2010............................... Total 2009............................... Total 2008...............................

Net Prems Written

14,000 5,000 19,000 14,000 14,000 11,000 ——————— 44,000 4,000 22,000 42,000 124,000

Net Prems Earned

14,000 5,000 19,000 14,000 14,000 12,000 ——————— 45,000 7,000 24,000 43,000 126,000

Net Claims Incurred

–204,000 –160,000 –364,000 753,000 753,000 –122,000 ——————— 267,000 –214,000 –500,000 399,000 686,000

Claims Ratio

–1,457.14 –3,200.00 –1,915.79 5,378.57 5,378.57 –1,016.67 ————— 593.33 –3,057.14 –2,083.33 927.91 544.44

R-F

H. Steven Frye, Chief Agent 200 University Ave, 14th Floor Toronto ON M5H 3C6 416-366-3012 Fax:416-368-0886 sfrye@cwcagroup.com

2012 Underwriting Performance Summary Reinsurance Assumed................................ 44,000 Reinsurance Ceded ............................................... Net Premiums Written ................................ 44,000 Net Premiums Earned ................................ 45,000 Net Claims & Adj Exp ............................... 267,000 Commissions ................................................ 5,000 Taxes ..................................................................... General Expenses .................................... 351,000 Undwrwtg. Profit/Loss............................ –578,000 Investment Income ................................ 1,041,000

Underwriting Result 2012: 2009:

–$578,000 –$877,000

2011: 2008:

%

Growth Rate (NPW) ............................. 1,000.00 % of Market (NPW) .................................... 0.00 Earned Loss Ratio .................................. 593.33 Total Expense Ratio ................................... 0.00 Combined Loss & Exp. Ratio ..................... 0.00 Return on Equity......................................... 3.56

–$203,000 –$1,076,000

2010:

ASPEN INSURANCE UK LIMITED

R-UK

Scotia Plaza 2100 40 King St W Toronto ON M5H 3C2

Class

Prop. - Commercial ................ Prop - Total ........................... Aircraft .................................... Auto. - Liability ....................... Auto - Total ............................ Liability ................................... Surety ..................................... Marine..................................... Total 2012............................... Total 2011............................... Total 2010............................... Total 2009...............................

Net Prems Written

2,627,000 2,627,000 335,000 240,000 240,000 5,232,000 455,000 124,000 ——————— 9,013,000 30,810,000 49,252,000 65,449,000

Net Prems Earned

963,000 963,000 506,000 258,000 258,000 6,591,000 52,000 27,000 ——————— 8,397,000 34,048,000 54,045,000 72,567,000

Net Claims Incurred

–1,334,000 –1,334,000 –111,000 –760,000 –760,000 11,076,000 53,000 –378,000 ——————— 8,546,000 26,754,000 34,650,000 62,219,000

Claims Ratio

–138.53 –138.53 –21.94 –294.57 –294.57 168.05 101.92 –1,400.00 ————— 101.77 78.58 64.11 85.74

2012 Direct Premiums Written: +21,901,000 2012 Underwriting Performance Summary Reinsurance Assumed......................... 13,434,000 Reinsurance Ceded ............................. 26,322,000 Net Premiums Written ........................... 9,013,000 Net Premiums Earned ........................... 8,397,000 Net Claims & Adj Exp ............................ 8,546,000 Commissions ......................................... 3,009,000 Taxes ..................................................................... General Expenses ................................. 3,593,000 Undwrwtg. Profit/Loss......................... –6,751,000 Investment Income ................................ 4,855,000

Underwriting Result 2012: 2009:

–$6,751,000 –$1,531,000

2011:

+$105,000

Growth: –0.09% %

Growth Rate (NPW) ................................ –70.75 % of Market (NPW) .................................... 0.02 Earned Loss Ratio .................................. 101.77 Total Expense Ratio ................................... 0.00 Combined Loss & Exp. Ratio ..................... 0.00 Return on Equity........................................-1.67

–$2,037,000

2010:

CAISSE CENTRALE DE REASSURANCE

+$3,210,000

Andre Fredette, Senior Vice President & Chief Agent 150 York St., Suite 1010 Toronto ON M5H 3S5 416-644-0821 Fax:416-644-0822 www.ccr.fr afredette@ccr.fr

Class

Prop. - Personal ..................... Prop. - Commercial ................ Prop - Total ........................... Aircraft .................................... Auto. - Liability ....................... Auto. - Pers. Acc. ................... Auto. - Other........................... Auto - Total ............................ Boiler/Mach-excld .................. Fidelity .................................... Liability ................................... Surety ..................................... Marine..................................... Accident & Sickness............... Total 2012............................... Total 2011............................... Total 2010............................... Total 2009............................... Total 2008............................... 118

Net Prems Written

Net Prems Earned

8,441,000 9,632,000 18,073,000 –2,000 5,317,000 2,633,000 2,031,000 9,981,000 92,000 787,000 17,888,000 1,856,000 256,000

8,236,000 9,225,000 17,461,000 –2,000 5,303,000 2,616,000 2,057,000 9,976,000 92,000 923,000 20,298,000 1,863,000 257,000

——————— 48,931,000 50,183,000 47,990,000 46,095,000 39,553,000

——————— 50,868,000 52,656,000 47,407,000 46,211,000 40,530,000

Net Claims Incurred

5,806,000 7,273,000 13,079,000 –214,000 4,460,000 2,639,000 898,000 7,997,000 –8,000 163,000 14,681,000 1,128,000 –1,000 –6,000 ——————— 36,819,000 44,794,000 29,813,000 32,561,000 31,577,000

Claims Ratio

70.50 78.84 74.90 10,700.00 84.10 100.88 43.66 80.16 –8.70 17.66 72.33 60.55 –0.39 0.00 ————— 72.38 85.07 62.89 70.46 77.91

R-F

2012 Underwriting Performance Summary Reinsurance Assumed......................... 51,625,000 Reinsurance Ceded ............................... 2,694,000 Net Premiums Written ......................... 48,931,000 Net Premiums Earned ......................... 50,868,000 Net Claims & Adj Exp .......................... 36,819,000 Commissions ....................................... 11,132,000 Taxes ........................................................ 180,000 General Expenses ................................. 4,111,000 Undwrwtg. Profit/Loss......................... –1,374,000 Investment Income ................................ 4,452,000

Underwriting Result 2012: 2009:

–$1,374,000 –$505,000

2011: 2008:

%

Growth Rate (NPW) .................................. –2.49 % of Market (NPW) .................................... 0.12 Earned Loss Ratio .................................... 72.38 Total Expense Ratio ................................. 30.32 Combined Loss & Exp. Ratio ................. 102.70 Return on Equity......................................... 3.84

–$7,108,000 –$4,373,000

2010:

+$2,270,000

canadianunderwriter.ca CANADIAN UNDERWRITER STATISTICAL ISSUE 2013



EVEREST REINSURANCE COMPANY

R-US

James G. Camerino, 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

Prop. - Personal ..................... Prop. - Commercial ................ Prop - Total ........................... Aircraft .................................... Auto. - Liability ....................... Auto. - Pers. Acc. ................... Auto - Total ............................ Boiler/Mach-excld .................. Fidelity .................................... Hail ......................................... Liability ................................... Mortgage ................................ Surety ..................................... Marine..................................... Accident & Sickness............... Total 2012............................... Total 2011............................... Total 2010............................... Total 2009............................... Total 2008...............................

Net Prems Written

4,060,000 15,107,000 19,167,000 41,000 11,363,000 1,728,000 13,091,000 415,000 327,000 1,198,000 25,277,000 4,077,000 3,476,000 222,000 1,068,000 ——————— 68,359,000 154,352,000 154,699,000 136,057,000 101,469,000

Net Prems Earned

5,697,000 20,643,000 26,340,000 32,000 18,970,000 1,750,000 20,720,000 408,000 909,000 1,342,000 35,213,000 4,077,000 6,602,000 263,000 1,021,000 ——————— 96,927,000 148,814,000 149,910,000 131,860,000 111,094,000

Net Claims Incurred

8,347,000 19,538,000 27,885,000 –941,000 18,535,000 –13,022,000 5,513,000 –91,000 77,000 97,000 25,017,000 923,000 1,367,000 –185,000 240,000 ——————— 59,902,000 103,210,000 91,355,000 81,632,000 86,674,000

Claims Ratio

146.52 94.65 105.87 –2,940.63 97.71 –744.11 26.61 –22.30 8.47 7.23 71.04 22.64 20.71 –70.34 23.51 ————— 61.80 69.36 60.94 61.91 78.02

2012 Underwriting Performance Summary Reinsurance Assumed....................... 179,714,000 Reinsurance Ceded ........................... 111,355,000 Net Premiums Written ......................... 68,359,000 Net Premiums Earned ......................... 96,927,000 Net Claims & Adj Exp .......................... 59,902,000 Commissions ....................................... 15,902,000 Taxes ..................................................................... General Expenses ................................. 8,005,000 Undwrwtg. Profit/Loss......................... 13,118,000 Investment Income .............................. 24,352,000

Underwriting Result 2012: 2009:

+$13,118,000 +$18,117,000

2011: 2008:

%

Growth Rate (NPW) ................................ –55.71 % of Market (NPW) .................................... 0.16 Earned Loss Ratio .................................... 61.80 Total Expense Ratio ................................... 0.00 Combined Loss & Exp. Ratio ..................... 0.00 Return on Equity......................................... 8.08

+$5,166,000 –$3,930,000

2010:

FARM MUTUAL REINSURANCE PLAN

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

Prop. - Personal ..................... Prop - Total ........................... Auto. - Liability ....................... Auto - Total ............................ Boiler/Mach-excld .................. Liability ................................... Accident & Sickness............... Total 2012............................... Total 2011............................... Total 2010............................... Total 2009............................... Total 2008...............................

Net Prems Written

Net Prems Earned

75,305,000 75,305,000 48,216,000 48,216,000

75,600,000 75,600,000 48,728,000 48,728,000

17,637,000 25,000 ——————— 141,183,000 119,007,000 116,566,000 107,826,000 146,299,000

18,069,000 25,000 ——————— 142,422,000 113,090,000 113,988,000 115,947,000 146,449,000

Net Claims Incurred

55,659,000 55,659,000 24,844,000 24,844,000 –1,000 –5,931,000 52,000 ——————— 74,623,000 101,034,000 115,325,000 107,924,000 187,225,000

Claims Ratio

73.62 73.62 50.99 50.99 0.00 –32.82 208.00 ————— 52.40 89.34 101.17 93.08 127.84

+$21,439,000

2012 Underwriting Performance Summary Reinsurance Assumed....................... 185,452,000 Reinsurance Ceded ............................. 44,269,000 Net Premiums Written ....................... 141,183,000 Net Premiums Earned ....................... 142,422,000 Net Claims & Adj Exp .......................... 74,623,000 Commissions ....................................... 15,602,000 Taxes ..................................................................... General Expenses ................................. 9,208,000 Undwrwtg. Profit/Loss......................... 42,989,000 Investment Income .............................. 23,573,000

Underwriting Result 2012: 2009:

+$42,989,000 –$9,993,000

2011: 2008:

%

Growth Rate (NPW) .................................. 18.63 % of Market (NPW) .................................... 0.34 Earned Loss Ratio .................................... 52.40 Total Expense Ratio ................................... 0.00 Combined Loss & Exp. Ratio ..................... 0.00 Return on Equity....................................... 25.19

–$1,251,000 –$66,354,000

2010:

GENERAL REINSURANCE CORPORATION

–$22,457,000

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

Prop. - Personal ..................... Prop. - Commercial ................ Prop - Total ........................... Aircraft .................................... Auto. - Liability ....................... Auto. - Pers. Acc. ................... Auto. - Other........................... Auto - Total ............................ Boiler/Mach-excld .................. Fidelity .................................... Liability ................................... Surety ..................................... Marine..................................... Total 2012............................... Total 2011............................... Total 2010............................... Total 2009............................... Total 2008...............................

120

Net Prems Written

Net Prems Earned

1,271,000 35,480,000 36,751,000 713,000 4,894,000

1,041,000 33,962,000 35,003,000 769,000 5,592,000

578,000 5,472,000 187,000 1,254,000 4,265,000 –42,000 1,683,000 ——————— 50,283,000 50,408,000 56,301,000 51,018,000 37,070,000

555,000 6,147,000 170,000 1,221,000 3,996,000 –42,000 1,548,000 ——————— 48,812,000 51,915,000 55,484,000 47,934,000 43,410,000

Net Claims Incurred

8,461,000 8,461,000 350,000 –3,813,000 –510,000 37,000 –4,286,000 112,000 180,000 –10,472,000 47,000 279,000 ——————— –5,329,000 –3,071,000 14,320,000 9,108,000 31,825,000

Claims Ratio

24.91 24.17 45.51 –68.19 0.00 6.67 –69.73 65.88 14.74 –262.06 –111.90 18.02 ————— –10.92 –5.92 25.81 19.00 73.31

2012 Underwriting Performance Summary Reinsurance Assumed......................... 50,446,000 Reinsurance Ceded .................................. 163,000 Net Premiums Written ......................... 50,283,000 Net Premiums Earned ......................... 48,812,000 Net Claims & Adj Exp .......................... –5,329,000 Commissions ......................................... 2,656,000 Taxes .......................................................... 69,000 General Expenses ............................... 11,936,000 Undwrwtg. Profit/Loss......................... 39,294,000 Investment Income ................................ 4,387,000

Underwriting Result 2012: 2009:

+$39,294,000 +$23,049,000

2011: 2008:

%

Growth Rate (NPW) .................................. –0.25 % of Market (NPW) .................................... 0.12 Earned Loss Ratio .................................. –10.92 Total Expense Ratio ................................. 30.04 Combined Loss & Exp. Ratio ................... 19.12 Return on Equity....................................... 19.69

+$43,482,000 –$3,290,000

2010:

+$24,516,000

canadianunderwriter.ca CANADIAN UNDERWRITER STATISTICAL ISSUE 2013


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

Prop. - Personal ..................... Prop. - Commercial ................ Prop - Total ........................... Aircraft .................................... Auto. - Liability ....................... Auto - Total ............................ Boiler/Mach-excld .................. Credit ...................................... Fidelity .................................... Hail ......................................... Liability ................................... Surety ..................................... Marine..................................... Accident & Sickness............... Total 2012............................... Total 2011............................... Total 2010............................... Total 2009............................... Total 2008...............................

Net Prems Written

Net Prems Earned

422,000 86,380,000 86,802,000 –1,000 25,446,000 25,446,000 –72,000 2,037,000 795,000 294,000 48,492,000 13,238,000 246,000

194,000 80,518,000 80,712,000 –1,000 26,211,000 26,211,000 –17,000 2,003,000 839,000 223,000 47,972,000 12,982,000 246,000

——————— 177,277,000 138,874,000 118,613,000 100,785,000 93,389,000

——————— 171,170,000 131,214,000 113,999,000 100,417,000 94,250,000

Net Claims Incurred

63,706,000 63,706,000 –2,000 21,871,000 21,871,000 477,000 310,000 228,000 2,228,000 34,496,000 17,055,000 6,000 126,000 ——————— 140,501,000 117,300,000 87,335,000 89,586,000 68,313,000

Claims Ratio

79.12 78.93 200.00 83.44 83.44 –2,805.88 15.48 27.18 999.10 71.91 131.37 2.44 0.00 ————— 82.08 89.40 76.61 89.21 72.48

2012 Underwriting Performance Summary Reinsurance Assumed....................... 217,655,000 Reinsurance Ceded ............................. 40,378,000 Net Premiums Written ....................... 177,277,000 Net Premiums Earned ....................... 171,170,000 Net Claims & Adj Exp ........................ 140,501,000 Commissions ....................................... 34,230,000 Taxes ..................................................................... General Expenses ................................. 5,134,000 Undwrwtg. Profit/Loss......................... –8,695,000 Investment Income .............................. 18,977,000

Underwriting Result 2012: 2009:

–$8,695,000 –$12,113,000

2011: 2008:

%

Growth Rate (NPW) .................................. 27.65 % of Market (NPW) .................................... 0.42 Earned Loss Ratio .................................... 82.08 Total Expense Ratio ................................... 0.00 Combined Loss & Exp. Ratio ..................... 0.00 Return on Equity......................................... 4.16

–$17,989,000 +$3,478,000

2010:

MAPFRE RE COMPANIA DE REASEGUROS, S.A.

V. Lorraine Williams, Chief Agent for Canada 3650 Victoria Park Ave, Suite 201 Toronto ON M2H 3P7 416-496-1148 Fax:416-496-1089

Class

Prop. - Personal ..................... Prop. - Commercial ................ Prop - Total ........................... Aircraft .................................... Hail ......................................... Liability ................................... Surety ..................................... Total 2012............................... Total 2011............................... Total 2010............................... Total 2009............................... Total 2008...............................

Net Prems Written

Net Prems Earned

9,483,000 6,321,000 15,804,000

10,141,000 6,762,000 16,903,000

637,000 66,000 64,000 ——————— 16,571,000 16,770,000 15,760,000 13,096,000 12,830,000

636,000 88,000 64,000 ——————— 17,691,000 16,463,000 15,470,000 12,928,000 12,228,000

Net Claims Incurred

5,136,000 3,423,000 8,559,000 14,000 –14,000 28,000 –5,000 ——————— 8,582,000 9,907,000 7,902,000 7,756,000 5,460,000

Claims Ratio

50.65 50.62 50.64 0.00 –2.20 31.82 –7.81 ————— 48.51 60.18 51.08 59.99 44.65

Reinsurance Assumed......................... 23,957,000 Reinsurance Ceded ............................... 7,386,000 Net Premiums Written ......................... 16,571,000 Net Premiums Earned ......................... 17,691,000 Net Claims & Adj Exp ............................ 8,582,000 Commissions ......................................... 2,774,000 Taxes ..................................................................... General Expenses .................................... 586,000 Undwrwtg. Profit/Loss........................... 5,749,000 Investment Income ................................ 1,149,000

Total 2012............................... Total 2011............................... Total 2010............................... Total 2009............................... Total 2008...............................

Net Prems Written

Net Prems Earned

126,000 6,723,000 6,849,000 1,000 261,000

126,000 5,831,000 5,957,000 1,000 315,000

23,000 284,000 502,000 596,000 1,621,000 1,347,000 199,000 357,000 ——————— 11,756,000 13,354,000 13,954,000 14,444,000 14,844,000

23,000 338,000 502,000 314,000 2,329,000 1,253,000 199,000 357,000 ——————— 11,250,000 15,856,000 12,904,000 14,781,000 15,454,000

Net Claims Incurred

–89,000 3,688,000 3,599,000 –134,000 –438,000 –1,124,000 –49,000 –1,611,000 –86,000 –49,000 4,298,000 3,417,000 –29,000 194,000 ——————— 9,599,000 4,286,000 4,362,000 24,881,000 9,268,000

CANADIAN UNDERWRITER STATISTICAL ISSUE 2013

Claims Ratio

–70.63 63.25 60.42 –13,400.00 –139.05 0.00 –213.04 –476.63 –17.13 –15.61 184.54 272.71 –14.57 54.34 ————— 85.32 27.03 33.80 168.33 59.97

R-US

Underwriting Result 2012: 2009:

+$5,749,000 +$1,387,000

2011: 2008:

%

Growth Rate (NPW) .................................. –1.19 % of Market (NPW) .................................... 0.04 Earned Loss Ratio .................................... 48.51 Total Expense Ratio ................................... 0.00 Combined Loss & Exp. Ratio ..................... 0.00 Return on Equity....................................... 20.05

+$1,476,000 +$2,676,000

2010:

+$3,739,000

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

Prop. - Personal ..................... Prop. - Commercial ................ Prop - Total ........................... Aircraft .................................... Auto. - Liability ....................... Auto. - Pers. Acc. ................... Auto. - Other........................... Auto - Total ............................ Boiler/Mach-excld .................. Credit ...................................... Liability ................................... Surety ..................................... Marine..................................... Accident & Sickness...............

–$233,000

2012 Underwriting Performance Summary

MUNICH REINSURANCE AMERICA, INC.

Class

R-F

2012 Underwriting Performance Summary Reinsurance Assumed......................... 11,756,000 Reinsurance Ceded ............................................... Net Premiums Written ......................... 11,756,000 Net Premiums Earned ......................... 11,250,000 Net Claims & Adj Exp ............................ 9,599,000 Commissions ......................................... 2,440,000 Taxes .......................................................... 46,000 General Expenses .................................... 643,000 Undwrwtg. Profit/Loss......................... –1,442,000 Investment Income ................................ 5,651,000

Underwriting Result 2012: 2009:

–$1,442,000 –$13,608,000

2011: 2008:

%

Growth Rate (NPW) ................................ –11.97 % of Market (NPW) .................................... 0.03 Earned Loss Ratio .................................... 85.32 Total Expense Ratio ................................. 27.81 Combined Loss & Exp. Ratio ................. 113.13 Return on Equity......................................... 2.95

+$7,958,000 +$2,575,000

2010:

+$3,970,000

121


MUNICH REINSURANCE CANADA GROUP MUNICH REINSURANCE COMPANY OF CANADA TEMPLE INSURANCE COMPANY

Class

Prop. - Personal ..................... Prop. - Commercial ................ Prop - Total ........................... Aircraft .................................... Auto. - Liability ....................... Auto. - Pers. Acc. ................... Auto. - Other........................... Auto - Total ............................ Boiler/Mach-excld .................. Credit ...................................... Fidelity .................................... Hail ......................................... Legal Expense ........................ Liability ................................... Surety ..................................... Marine..................................... Accident & Sickness............... Total 2012............................... Total 2011............................... Total 2010............................... Total 2009............................... Total 2008...............................

Net Prems Written

Net Prems Earned

Net Claims Incurred

Claims Ratio

37,351,000 82,988,000 120,339,000

33,694,000 92,209,000 125,903,000

13,180,000 18,396,000 7,228,000 38,804,000 2,549,000 1,000 487,000 135,000 57,000 103,142,000 7,166,000

13,237,000 17,850,000 7,014,000 38,101,000 2,716,000 1,000 487,000 135,000 57,000 108,315,000 6,019,000

41,408,000 74,488,000 115,896,000 –2,000 7,757,000 12,897,000 –612,000 20,042,000 –256,000

122.89 80.78 92.05 0.00 58.60 72.25 –8.73 52.60 –9.43

–5,000 –96,000

–1.03 –71.11

——————— 272,680,000 270,977,000 291,363,000 291,861,000 289,581,000

——————— 281,734,000 280,107,000 295,934,000 293,858,000 292,186,000

58,947,000 2,787,000 –173,000 –22,000 ——————— 197,118,000 198,645,000 182,634,000 184,788,000 160,012,000

54.42 46.30 0.00 0.00 ————— 69.97 70.92 61.71 62.88 54.76

R-F

Kenneth B. Irvin, CGA, President & CEO 390 Bay St., 22nd Floor Toronto ON M5H 2Y2 416-366-9206, Fax:416-366-4330

2012 Direct Premiums Written: +157,271,000 2012 Underwriting Performance Summary Reinsurance Assumed....................... 196,687,000 Reinsurance Ceded ............................. 81,278,000 Net Premiums Written ....................... 272,680,000 Net Premiums Earned ....................... 281,734,000 Net Claims & Adj Exp ........................ 197,118,000 Commissions ....................................... 60,885,000 Taxes ..................................................... 5,758,000 General Expenses ............................... 26,098,000 Undwrwtg. Profit/Loss......................... –8,125,000 Investment Income .............................. 64,501,000

Underwriting Result 2012: 2009:

–$8,125,000 +$10,487,000

2011: 2008:

Growth: 2.61% %

Growth Rate (NPW) .................................... 0.63 % of Market (NPW) .................................... 0.65 Earned Loss Ratio .................................... 69.97 Total Expense Ratio ................................. 32.92 Combined Loss & Exp. Ratio ................. 102.89 Return on Equity....................................... 12.31

–$11,738,000 +$32,895,000

2010:

+$8,849,000

MUNICH REINSURANCE COMPANY OF CANADA

R-C

416-366-9206 Fax:416-366-4330

Class

Prop. - Personal ..................... Prop. - Commercial ................ Prop - Total ........................... Auto. - Liability ....................... Auto. - Pers. Acc. ................... Auto. - Other........................... Auto - Total ............................ Boiler/Mach-excld .................. Fidelity .................................... Hail ......................................... Liability ................................... Surety ..................................... Marine..................................... Total 2012............................... Total 2011............................... Total 2010............................... Total 2009............................... Total 2008...............................

Net Prems Written

49,645,000 61,699,000 111,344,000 23,311,000 10,769,000 10,312,000 44,392,000 2,454,000 423,000 115,000 35,316,000 6,698,000 398,000 ——————— 201,140,000 178,657,000 187,697,000 188,173,000 178,579,000

Net Prems Earned

47,129,000 61,619,000 108,748,000 22,226,000 11,011,000 10,459,000 43,696,000 2,739,000 423,000 115,000 35,745,000 6,457,000 398,000 ——————— 198,321,000 182,063,000 189,988,000 186,603,000 181,984,000

Net Claims Incurred

Claims Ratio

45,411,000 41,675,000 87,086,000 14,769,000 9,942,000 3,302,000 28,013,000 2,083,000

96.35 67.63 80.08 66.45 90.29 31.57 64.11 76.05

–10,000 1,756,000 4,588,000 195,000 ——————— 123,711,000 132,021,000 123,422,000 133,220,000 115,301,000

–8.70 4.91 71.05 48.99 ————— 62.38 72.51 64.96 71.39 63.36

2012 Underwriting Performance Summary Reinsurance Assumed....................... 241,805,000 Reinsurance Ceded ............................. 40,665,000 Net Premiums Written ....................... 201,140,000 Net Premiums Earned ....................... 198,321,000 Net Claims & Adj Exp ........................ 123,711,000 Commissions ....................................... 45,047,000 Taxes ........................................................ 211,000 General Expenses ............................... 13,725,000 Undwrwtg. Profit/Loss......................... 15,627,000 Investment Income .............................. 44,897,000

Underwriting Result 2012: 2009:

+$15,627,000 –$1,116,000

2011: 2008:

%

Growth Rate (NPW) .................................. 12.58 % of Market (NPW) .................................... 0.48 Earned Loss Ratio .................................... 62.38 Total Expense Ratio ................................. 29.74 Combined Loss & Exp. Ratio ................... 92.12 Return on Equity....................................... 16.42

–$3,935,000 +$12,724,000

2010:

NIPPONKOA INSURANCE COMPANY LIMITED George Petropoulos, Chief Agent 20 Queen St W., Suite 300 PO Box 6 Toronto ON M5H 3R3 416-360-8183 Fax:416-360-8267

Class

Prop. - Commercial ................ Prop - Total ........................... Auto. - Liability ....................... Auto. - Pers. Acc. ................... Auto. - Other........................... Auto - Total ............................ Liability ................................... Marine..................................... Total 2012............................... Total 2011............................... Total 2010............................... Total 2009............................... Total 2008...............................

122

Net Prems Written

465,000 465,000 111,000 38,000 83,000 232,000 204,000 165,000 ——————— 1,066,000 1,151,000 1,015,000 1,170,000 1,407,000

Net Prems Earned

479,000 479,000 110,000 41,000 84,000 235,000 211,000 184,000 ——————— 1,109,000 1,074,000 1,027,000 1,203,000 1,347,000

Net Claims Incurred

–84,000 –84,000 61,000 50,000 22,000 133,000 –40,000 11,000 ——————— 20,000 –104,000 242,000 112,000 346,000

Claims Ratio

–17.54 –17.54 55.45 121.95 26.19 56.60 –18.96 5.98 ————— 1.80 –9.68 23.56 9.31 25.69

2012 Direct Premiums Written: +758,000 2012 Underwriting Performance Summary Reinsurance Assumed.............................. 311,000 Reinsurance Ceded ...................................... 3,000 Net Premiums Written ........................... 1,066,000 Net Premiums Earned ........................... 1,109,000 Net Claims & Adj Exp ................................. 20,000 Commissions ............................................ 166,000 Taxes .......................................................... 20,000 General Expenses .................................... 459,000 Undwrwtg. Profit/Loss.............................. 444,000 Investment Income ................................... 983,000

Underwriting Result 2012: 2009:

+$444,000 +$417,000

2011: 2008:

+$8,985,000

R-F

Growth: –11.66% %

Growth Rate (NPW) .................................. –7.38 % of Market (NPW) .................................... 0.00 Earned Loss Ratio ...................................... 1.80 Total Expense Ratio ................................. 58.16 Combined Loss & Exp. Ratio ................... 59.96 Return on Equity......................................... 3.78

+$500,000 +$336,000

2010:

+$231,000

canadianunderwriter.ca CANADIAN UNDERWRITER STATISTICAL ISSUE 2013


ODYSSEY REINSURANCE COMPANY

R-US

Debbie Iruing, 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

Prop. - Personal ..................... Prop. - Commercial ................ Prop - Total ........................... Aircraft .................................... Auto. - Liability ....................... Auto. - Other........................... Auto - Total ............................ Boiler/Mach-excld .................. Fidelity .................................... Hail ......................................... Liability ................................... Surety ..................................... Marine..................................... Accident & Sickness............... Total 2012............................... Total 2011............................... Total 2010............................... Total 2009............................... Total 2008...............................

Net Prems Written

22,082,000 23,346,000 45,428,000 44,000 8,452,000 4,184,000 12,636,000 123,000 114,000 3,971,000 17,725,000 3,728,000 158,000 10,000 ——————— 83,937,000 65,677,000 62,137,000 45,180,000 43,801,000

Net Prems Earned

21,904,000 25,067,000 46,971,000 37,000 8,375,000 4,182,000 12,557,000 123,000 114,000 3,971,000 17,079,000 3,732,000 189,000 10,000 ——————— 84,783,000 65,053,000 60,615,000 45,367,000 45,487,000

Net Claims Incurred

Claims Ratio

20,045,000 27,938,000 47,983,000 –12,000 4,147,000 –309,000 3,838,000 297,000

91.51 111.45 102.15 –32.43 49.52 –7.39 30.56 241.46

490,000 13,640,000 4,776,000 –213,000 –217,000 ——————— 70,582,000 53,987,000 39,544,000 27,690,000 34,702,000

12.34 79.86 127.97 –112.70 –2,170.00 ————— 83.25 82.99 65.24 61.04 76.29

2012 Underwriting Performance Summary Reinsurance Assumed......................... 87,937,000 Reinsurance Ceded ............................... 4,000,000 Net Premiums Written ......................... 83,937,000 Net Premiums Earned ......................... 84,783,000 Net Claims & Adj Exp .......................... 70,582,000 Commissions ....................................... 14,396,000 Taxes ..................................................................... General Expenses ................................. 3,774,000 Undwrwtg. Profit/Loss......................... –3,969,000 Investment Income .............................. 16,414,000

Underwriting Result 2012: 2009:

–$3,969,000 +$5,634,000

2011: 2008:

%

Growth Rate (NPW) .................................. 27.80 % of Market (NPW) .................................... 0.20 Earned Loss Ratio .................................... 83.25 Total Expense Ratio ................................... 0.00 Combined Loss & Exp. Ratio ..................... 0.00 Return on Equity......................................... 6.56

–$4,598,000 –$669,000

2010:

+$6,874,000

PARTNER REINSURANCE COMPANY OF THE U.S. Patrick Li, 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

Prop. - Commercial ................ Prop - Total ........................... Aircraft .................................... Auto. - Liability ....................... Auto - Total ............................ Hail ......................................... Liability ................................... Surety ..................................... Marine..................................... Total 2012............................... Total 2011............................... Total 2010............................... Total 2009............................... Total 2008...............................

Net Prems Written

Net Prems Earned

63,713,000 63,713,000 7,000 13,448,000 13,448,000 12,131,000 14,078,000 4,101,000

64,984,000 64,984,000 7,000 12,913,000 12,913,000 12,131,000 13,984,000 4,372,000

——————— 107,478,000 110,005,000 102,301,000 103,292,000 104,629,000

——————— 108,391,000 123,995,000 106,899,000 108,184,000 104,278,000

Net Claims Incurred

54,486,000 54,486,000 –402,000 –3,738,000 –3,738,000 1,532,000 –58,000 –935,000 –2,000 ——————— 50,883,000 92,209,000 86,762,000 72,885,000 63,797,000

Claims Ratio

83.85 83.85 –5,742.86 –28.95 –28.95 12.63 –0.41 –21.39 0.00 ————— 46.94 74.37 81.16 67.37 61.18

2012 Underwriting Performance Summary Reinsurance Assumed....................... 114,774,000 Reinsurance Ceded ............................... 7,296,000 Net Premiums Written ....................... 107,478,000 Net Premiums Earned ....................... 108,391,000 Net Claims & Adj Exp .......................... 50,883,000 Commissions ....................................... 26,953,000 Taxes ..................................................................... General Expenses ................................. 7,594,000 Undwrwtg. Profit/Loss......................... 22,961,000 Investment Income ................................ 9,841,000

Underwriting Result 2012: 2009:

+$22,961,000 –$540,000

2011: 2008:

%

Growth Rate (NPW) .................................. –2.30 % of Market (NPW) .................................... 0.26 Earned Loss Ratio .................................... 46.94 Total Expense Ratio ................................... 0.00 Combined Loss & Exp. Ratio ..................... 0.00 Return on Equity....................................... 10.25

–$3,030,000 +$2,618,000

2010:

PROMUTUEL REASSURANCE

Prop. - Personal ..................... Prop. - Commercial ................ Prop - Total ........................... Auto. - Liability ....................... Auto. - Pers. Acc. ................... Auto. - Other........................... Auto - Total ............................ Liability ................................... Surety ..................................... Total 2012............................... Total 2011............................... Total 2010............................... Total 2009............................... Total 2008...............................

Net Prems Written

52,602,000 48,268,000 100,870,000 6,301,000 336,000 13,802,000 20,439,000 4,703,000 90,000 ——————— 126,102,000 110,921,000 114,108,000 110,913,000 88,630,000

Net Prems Earned

48,383,000 44,744,000 93,127,000 6,589,000 473,000 14,161,000 21,223,000 4,537,000 86,000 ——————— 118,973,000 111,198,000 111,274,000 106,753,000 102,995,000

Net Claims Incurred

28,437,000 37,462,000 65,899,000 3,573,000 63,000 7,638,000 11,274,000 3,636,000 2,000 ——————— 80,811,000 86,690,000 58,218,000 70,919,000 87,836,000

CANADIAN UNDERWRITER STATISTICAL ISSUE 2013

Claims Ratio

58.77 83.73 70.76 54.23 13.32 53.94 53.12 80.14 2.33 ————— 67.92 77.96 52.32 66.43 85.28

2012 Direct Premiums Written: +16,043,000 2012 Underwriting Performance Summary Reinsurance Assumed....................... 142,844,000 Reinsurance Ceded ............................. 32,785,000 Net Premiums Written ....................... 126,102,000 Net Premiums Earned ....................... 118,973,000 Net Claims & Adj Exp .......................... 80,811,000 Commissions ....................................... 26,608,000 Taxes ........................................................ 570,000 General Expenses ............................... 11,977,000 Undwrwtg. Profit/Loss............................ –993,000 Investment Income ................................ 5,549,000

Underwriting Result 2012: 2009:

–$993,000 +$4,480,000

2011: 2008:

–$13,134,000

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

R-F

Growth: 11.27% %

Growth Rate (NPW) .................................. 13.69 % of Market (NPW) .................................... 0.30 Earned Loss Ratio .................................... 67.92 Total Expense Ratio ................................. 50.71 Combined Loss & Exp. Ratio ................. 118.63 Return on Equity......................................... 3.63

–$7,092,000 –$10,406,000

2010:

+$17,615,000

123


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

Prop. - Personal ..................... Prop. - Commercial ................ Prop - Total ........................... Aircraft .................................... Auto. - Liability ....................... Auto. - Pers. Acc. ................... Auto. - Other........................... Auto - Total ............................ Boiler/Mach-excld .................. Fidelity .................................... Hail ......................................... Liability ................................... Surety ..................................... Marine..................................... Total 2012............................... Total 2011............................... Total 2010............................... Total 2009............................... Total 2008...............................

Net Prems Written

Net Prems Earned

6,025,000 106,525,000 112,550,000

7,150,000 101,412,000 108,562,000

18,855,000 –4,000 881,000 19,732,000 100,000 64,000 422,000 13,922,000 4,513,000 153,000 ——————— 151,456,000 157,280,000 156,186,000 148,508,000 87,396,000

18,902,000 –4,000 880,000 19,778,000 92,000 64,000 415,000 13,551,000 4,812,000 153,000 ——————— 147,427,000 162,190,000 160,345,000 146,012,000 87,952,000

Net Claims Incurred

12,061,000 76,644,000 88,705,000 6,000 19,084,000 –1,649,000 –5,783,000 11,652,000 –80,000 9,000 282,000 10,894,000 918,000 –11,000 ——————— 112,375,000 148,127,000 120,282,000 106,704,000 52,890,000

Claims Ratio

168.69 75.58 81.71 0.00 100.96 41,225.00 –657.16 58.91 –86.96 14.06 67.95 80.39 19.08 –7.19 ————— 76.22 91.33 75.01 73.08 60.14

2012 Underwriting Performance Summary Reinsurance Assumed....................... 186,708,000 Reinsurance Ceded ............................. 35,252,000 Net Premiums Written ....................... 151,456,000 Net Premiums Earned ....................... 147,427,000 Net Claims & Adj Exp ........................ 112,375,000 Commissions ....................................... 36,729,000 Taxes ..................................................................... General Expenses ................................. 8,850,000 Undwrwtg. Profit/Loss....................... –10,527,000 Investment Income .............................. 13,367,000

Underwriting Result 2012: 2009:

–$10,527,000 –$1,673,000

2011: 2008:

%

Growth Rate (NPW) .................................. –3.70 % of Market (NPW) .................................... 0.36 Earned Loss Ratio .................................... 76.22 Total Expense Ratio ................................... 0.00 Combined Loss & Exp. Ratio ..................... 0.00 Return on Equity......................................... 1.87

–$30,116,000 +$2,682,000

2010:

SIRIUS AMERICA INSURANCE COMPANY

–$3,526,000

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

Prop. - Personal ..................... Prop. - Commercial ................ Prop - Total ........................... Auto. - Liability ....................... Auto. - Other........................... Auto - Total ............................ Hail ......................................... Liability ................................... Surety ..................................... Total 2012............................... Total 2011............................... Total 2010............................... Total 2009............................... Total 2008...............................

Net Prems Written

Net Prems Earned

6,864,000 5,427,000 12,291,000 181,000 1,909,000 2,090,000 421,000 44,000

7,354,000 5,029,000 12,383,000 154,000 1,934,000 2,088,000 392,000 97,000

——————— 14,846,000 15,526,000 14,279,000 6,748,000 7,812,000

——————— 14,960,000 16,725,000 12,375,000 6,987,000 8,416,000

Net Claims Incurred

2,368,000 114,000 2,482,000 184,000 529,000 713,000 232,000 –103,000 –8,000 ——————— 3,316,000 12,401,000 856,000 1,071,000 8,647,000

Claims Ratio

32.20 2.27 20.04 119.48 27.35 34.15 59.18 –106.19 0.00 ————— 22.17 74.15 6.92 15.33 102.74

2012 Underwriting Performance Summary Reinsurance Assumed......................... 16,497,000 Reinsurance Ceded ............................... 1,651,000 Net Premiums Written ......................... 14,846,000 Net Premiums Earned ......................... 14,960,000 Net Claims & Adj Exp ............................ 3,316,000 Commissions ......................................... 3,043,000 Taxes ..................................................................... General Expenses ................................. 2,211,000 Undwrwtg. Profit/Loss........................... 6,390,000 Investment Income ................................ 1,432,000

Underwriting Result 2012: 2009:

+$6,390,000 +$2,746,000

2011: 2008:

%

Growth Rate (NPW) .................................. –4.38 % of Market (NPW) .................................... 0.04 Earned Loss Ratio .................................... 22.17 Total Expense Ratio ................................... 0.00 Combined Loss & Exp. Ratio ..................... 0.00 Return on Equity....................................... 10.11

–$1,718,000 –$4,018,000

2010:

SWISS REINSURANCE GROUP SWISS REINSURANCE COMPANY LTD WESTPORT INSURANCE CORPORATION

Class

Prop. - Personal ..................... Prop. - Commercial ................ Prop - Total ........................... Aircraft .................................... Auto. - Liability ....................... Auto. - Pers. Acc. ................... Auto. - Other........................... Auto - Total ............................ Boiler/Mach-excld .................. Fidelity .................................... Hail ......................................... Liability ................................... Surety ..................................... Marine..................................... Accident & Sickness............... Total 2012............................... Total 2011............................... Total 2010............................... Total 2009............................... Total 2008............................... 124

Net Prems Written

4,976,000 92,061,000 97,037,000 11,234,000 2,247,000 3,313,000 2,973,000 8,533,000 1,334,000 30,000 2,816,000 15,750,000 3,688,000 1,279,000 866,000 ——————— 142,567,000 152,279,000 152,062,000 137,496,000 143,715,000

Net Prems Earned

6,924,000 85,320,000 92,244,000 7,902,000 2,473,000 3,061,000 1,979,000 7,513,000 1,709,000 32,000 2,836,000 20,132,000 4,435,000 1,806,000 866,000 ——————— 139,475,000 147,927,000 154,843,000 141,302,000 201,569,000

Net Claims Incurred

2,866,000 53,451,000 56,317,000 352,000 2,166,000 2,948,000 2,777,000 7,891,000 4,353,000 –137,000 1,936,000 –33,047,000 345,000 16,000 –1,523,000 ——————— 36,503,000 73,839,000 53,699,000 76,769,000 106,003,000

Claims Ratio

41.39 62.65 61.05 4.45 87.59 96.31 140.32 105.03 254.71 –428.13 68.27 –164.15 7.78 0.89 –175.87 ————— 26.17 49.92 34.68 54.33 52.59

R-US

Sharon Ludlow, President & Chief Executive Officer 150 King St. W., Suite 2200 Toronto ON M5H 1J9 641-775-2347 Fax:416-408-4222 www.swissre.com/canada

2012 Direct Premiums Written: +184,259,000 2012 Underwriting Performance Summary Reinsurance Assumed....................... 489,261,000 Reinsurance Ceded ........................... 530,953,000 Net Premiums Written ....................... 142,567,000 Net Premiums Earned ....................... 139,475,000 Net Claims & Adj Exp .......................... 36,503,000 Commissions ............................................ 646,000 Taxes ..................................................... 6,164,000 General Expenses ............................... 30,664,000 Undwrwtg. Profit/Loss......................... 65,498,000 Investment Income .............................. 10,690,000

Underwriting Result 2012: 2009:

+$65,498,000 +$19,091,000

+$6,808,000

2011: 2008:

R-F

Growth: 32.96% %

Growth Rate (NPW) .................................. –6.38 % of Market (NPW) .................................... 0.34 Earned Loss Ratio .................................... 26.17 Total Expense Ratio ................................. 26.87 Combined Loss & Exp. Ratio ................... 53.04 Return on Equity....................................... 10.98

+$36,861,000 +$30,475,000

2010:

+$59,746,000

canadianunderwriter.ca CANADIAN UNDERWRITER STATISTICAL ISSUE 2013


SWISS REINSURANCE COMPANY LTD

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

Prop. - Personal ..................... Prop. - Commercial ................ Prop - Total ........................... Aircraft .................................... Auto. - Liability ....................... Auto. - Pers. Acc. ................... Auto. - Other........................... Auto - Total ............................ Boiler/Mach-excld .................. Fidelity .................................... Hail ......................................... Liability ................................... Surety ..................................... Marine..................................... Accident & Sickness............... Total 2012............................... Total 2011............................... Total 2010............................... Total 2009............................... Total 2008...............................

Net Prems Written

4,976,000 60,018,000 64,994,000 –1,276,000 2,229,000 3,313,000 2,973,000 8,515,000 212,000 30,000 2,816,000 680,000 3,413,000 864,000 866,000 ——————— 81,114,000 100,288,000 99,114,000 91,137,000 118,675,000

Net Prems Earned

6,924,000 59,232,000 66,156,000 –379,000 2,455,000 3,061,000 1,979,000 7,495,000 294,000 32,000 2,836,000 5,335,000 2,631,000 1,252,000 866,000 ——————— 86,518,000 94,856,000 99,846,000 92,360,000 84,986,000

Net Claims Incurred

2,866,000 23,466,000 26,332,000 –2,704,000 2,268,000 2,948,000 2,777,000 7,993,000 1,569,000 –137,000 2,104,000 –27,239,000 1,335,000 279,000 –1,523,000 ——————— 8,009,000 44,222,000 33,091,000 51,739,000 59,805,000

Claims Ratio

41.39 39.62 39.80 713.46 92.38 96.31 140.32 106.64 533.67 –428.13 74.19 –510.57 50.74 22.28 –175.87 ————— 9.26 46.62 33.14 56.02 70.37

2012 Underwriting Performance Summary Reinsurance Assumed....................... 468,636,000 Reinsurance Ceded ........................... 387,522,000 Net Premiums Written ......................... 81,114,000 Net Premiums Earned ......................... 86,518,000 Net Claims & Adj Exp ............................ 8,009,000 Commissions ......................................... 4,867,000 Taxes ..................................................................... General Expenses ............................... 21,704,000 Undwrwtg. Profit/Loss......................... 51,938,000 Investment Income ................................ 8,104,000

Underwriting Result 2012: 2009:

+$51,938,000 +$9,543,000

2011: 2008:

%

Growth Rate (NPW) ................................ –19.12 % of Market (NPW) .................................... 0.19 Earned Loss Ratio ...................................... 9.26 Total Expense Ratio ................................... 0.00 Combined Loss & Exp. Ratio ..................... 0.00 Return on Equity......................................... 9.86

+$21,933,000 –$1,560,000

2010:

WESTPORT INSURANCE CORPORATION

+$37,746,000

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

Prop. - Commercial ................ Prop - Total ........................... Aircraft .................................... Auto. - Liability ....................... Auto - Total ............................ Boiler/Mach-excld .................. Hail ......................................... Liability ................................... Surety ..................................... Marine..................................... Total 2012............................... Total 2011............................... Total 2010............................... Total 2009............................... Total 2008...............................

Net Prems Written

Net Prems Earned

32,043,000 32,043,000 12,510,000 18,000 18,000 1,122,000

26,088,000 26,088,000 8,281,000 18,000 18,000 1,415,000

15,070,000 275,000 415,000 ——————— 61,453,000 51,991,000 52,948,000 46,359,000 24,810,000

14,797,000 1,804,000 554,000 ——————— 52,957,000 53,071,000 54,997,000 48,942,000 71,033,000

Net Claims Incurred

29,985,000 29,985,000 3,056,000 –102,000 –102,000 2,784,000 –168,000 –5,808,000 –990,000 –263,000 ——————— 28,494,000 29,617,000 20,608,000 25,030,000 31,260,000

Claims Ratio

114.94 114.94 36.90 –566.67 –566.67 196.75 0.00 –39.25 –54.88 –47.47 ————— 53.81 55.81 37.47 51.14 44.01

2012 Direct Premiums Written: +184,259,000 2012 Underwriting Performance Summary Reinsurance Assumed......................... 23,565,000 Reinsurance Ceded ........................... 146,371,000 Net Premiums Written ......................... 61,453,000 Net Premiums Earned ......................... 52,957,000 Net Claims & Adj Exp .......................... 28,494,000 Commissions ....................................... –4,221,000 Taxes ..................................................... 6,164,000 General Expenses ................................. 8,960,000 Undwrwtg. Profit/Loss......................... 13,560,000 Investment Income ................................ 2,586,000

Underwriting Result 2012: 2009:

+$13,560,000 +$9,548,000

2011: 2008:

Growth: 32.96% %

Growth Rate (NPW) .................................. 18.20 % of Market (NPW) .................................... 0.15 Earned Loss Ratio .................................... 53.81 Total Expense Ratio ................................. 20.59 Combined Loss & Exp. Ratio ................... 74.40 Return on Equity....................................... 14.31

+$14,928,000 +$19,477,000

2010:

T.H.E. INSURANCE COMPANY

R-US

Steven Frye, Chief Agent 200 University Ave, 14th Floor Toronto ON M5H 3C6 www.theinsco.com sfrye@cwcagroup.com

Class

Prop. - Commercial ................ Prop - Total ........................... Auto. - Liability ....................... Auto - Total ............................ Liability ................................... Total 2012............................... Total 2011............................... Total 2010............................... Total 2009............................... Total 2008...............................

Net Prems Written

6,000 6,000 25,000 25,000 129,000 ——————— 160,000 88,000 88,000 19,000 50,000

Net Prems Earned

4,000 4,000 12,000 12,000 93,000 ——————— 109,000 95,000 54,000 32,000 43,000

Net Claims Incurred

0 0 79,000 ——————— 79,000 45,000 –27,000 –43,000 26,000

Claims Ratio

2012 Direct Premiums Written: +176,000 2012 Underwriting Performance Summary Reinsurance Assumed........................................... Reinsurance Ceded .................................... 16,000 Net Premiums Written .............................. 160,000 Net Premiums Earned .............................. 109,000 Net Claims & Adj Exp ................................. 79,000 Commissions .............................................. 22,000 Taxes ............................................................ 5,000 General Expenses .................................... 149,000 Undwrwtg. Profit/Loss............................ –146,000 Investment Income ..................................... 29,000

Underwriting Result 2012: 2009:

CANADIAN UNDERWRITER STATISTICAL ISSUE 2013

Growth: 70.87% %

0.00 0.00 84.95 ————— 72.48 47.37 –50.00 –134.38 60.47

–$146,000 –$68,000

2011: 2008:

+$22,000,000

Growth Rate (NPW) .................................. 81.82 % of Market (NPW) .................................... 0.00 Earned Loss Ratio .................................... 72.48 Total Expense Ratio ............................... 161.47 Combined Loss & Exp. Ratio ................. 233.95 Return on Equity........................................-4.90

–$116,000 –$120,000

2010:

–$39,000

125


THE TOA REINSURANCE COMPANY OF AMERICA

R-F

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

Prop. - Personal ..................... Prop. - Commercial ................ Prop - Total ........................... Auto. - Liability ....................... Auto - Total ............................ Fidelity .................................... Liability ................................... Surety ..................................... Marine..................................... Total 2012............................... Total 2011............................... Total 2010............................... Total 2009............................... Total 2008...............................

Net Prems Written

8,685,000 8,138,000 16,823,000 11,813,000 11,813,000 115,000 17,571,000 15,000 8,000 ——————— 46,345,000 39,341,000 35,832,000 37,156,000 27,420,000

Net Prems Earned

8,491,000 8,505,000 16,996,000 11,756,000 11,756,000 115,000 17,344,000 15,000 32,000 ——————— 46,258,000 39,278,000 34,576,000 35,944,000 28,374,000

Net Claims Incurred

Claims Ratio

6,302,000 8,106,000 14,408,000 6,299,000 6,299,000

74.22 95.31 84.77 53.58 53.58

11,940,000 –16,000 –8,000 ——————— 32,623,000 30,112,000 25,059,000 26,253,000 24,222,000

68.84 –106.67 –25.00 ————— 70.52 76.66 72.48 73.04 85.37

2012 Underwriting Performance Summary %

Reinsurance Assumed......................... 63,083,000 Reinsurance Ceded ............................. 16,738,000 Net Premiums Written ......................... 46,345,000 Net Premiums Earned ......................... 46,258,000 Net Claims & Adj Exp .......................... 32,623,000 Commissions ......................................... 6,967,000 Taxes ..................................................................... General Expenses ................................. 3,537,000 Undwrwtg. Profit/Loss........................... 3,131,000 Investment Income ................................ 6,142,000

Underwriting Result 2012: 2009:

+$3,131,000 +$262,000

2011: 2008:

Growth Rate (NPW) .................................. 17.80 % of Market (NPW) .................................... 0.11 Earned Loss Ratio .................................... 70.52 Total Expense Ratio ................................... 0.00 Combined Loss & Exp. Ratio ..................... 0.00 Return on Equity......................................... 9.14

+$78,000 –$3,387,000

2010:

TRANSATLANTIC REINSURANCE COMPANY

+$777,000

Cameron MacDonald, Chief Agent For Canada 145 Wellington St. W., 9th Floor Toronto ON M5J 1H8 416-649-5301, Fax:416-971-8782 http://www.transre.com cmacdonald@transre.com

Class

Prop. - Personal ..................... Prop. - Commercial ................ Prop - Total ........................... Aircraft .................................... Auto. - Liability ....................... Auto. - Other........................... Auto - Total ............................ Boiler/Mach-excld .................. Credit ...................................... Fidelity .................................... Liability ................................... Surety ..................................... Marine..................................... Total 2012............................... Total 2011............................... Total 2010............................... Total 2009............................... Total 2008...............................

Net Prems Written

9,143,000 48,491,000 57,634,000 204,000 12,985,000 1,221,000 14,206,000 259,000 1,451,000 211,000 19,217,000 10,007,000 129,000 ——————— 103,318,000 111,894,000 118,055,000 119,105,000 88,261,000

Net Prems Earned

9,012,000 52,309,000 61,321,000 157,000 13,713,000 1,168,000 14,881,000 211,000 1,565,000 342,000 20,993,000 10,062,000 129,000 ——————— 109,661,000 114,293,000 119,891,000 113,631,000 94,119,000

Net Claims Incurred

4,754,000 43,470,000 48,224,000 –56,000 9,548,000 2,845,000 12,393,000 –68,000 535,000 413,000 21,637,000 7,646,000 27,000 ——————— 90,751,000 68,180,000 82,592,000 69,895,000 36,442,000

Claims Ratio

52.75 83.10 78.64 –35.67 69.63 243.58 83.28 –32.23 34.19 120.76 103.07 75.99 20.93 ————— 82.76 59.65 68.89 61.51 38.72

R-US

2012 Underwriting Performance Summary %

Reinsurance Assumed....................... 109,160,000 Reinsurance Ceded ............................... 5,842,000 Net Premiums Written ....................... 103,318,000 Net Premiums Earned ....................... 109,661,000 Net Claims & Adj Exp .......................... 90,751,000 Commissions ....................................... 22,534,000 Taxes .......................................................... 53,000 General Expenses ................................. 3,901,000 Undwrwtg. Profit/Loss......................... –7,578,000 Investment Income .............................. 17,393,000

Underwriting Result 2012: 2009:

–$7,578,000 +$16,545,000

2011: 2008:

Growth Rate (NPW) .................................. –7.66 % of Market (NPW) .................................... 0.25 Earned Loss Ratio .................................... 82.76 Total Expense Ratio ................................. 24.15 Combined Loss & Exp. Ratio ................. 106.91 Return on Equity......................................... 2.32

+$17,538,000 +$34,893,000

2010:

XL REINSURANCE AMERICA, INC Gordon F Goodman, Chief Agent CANADIAN BRANCH Scotia Plaza, 100 Yonge St., Suite 1702

+$10,003,000

R-F

Toronto ON M5C 2W1 416-598-1084 Fax:416-598-1980 www.xlre.com

Class

Prop. - Commercial ................ Prop - Total ........................... Aircraft .................................... Auto. - Liability ....................... Auto - Total ............................ Fidelity .................................... Liability ................................... Surety ..................................... Marine..................................... Total 2012............................... Total 2011............................... Total 2010............................... Total 2009............................... Total 2008...............................

126

Net Prems Written

Net Prems Earned

32,030,000 32,030,000

30,427,000 30,427,000

1,824,000 1,824,000

1,921,000 1,921,000 3,000 26,863,000

27,148,000 100,000 ——————— 61,102,000 56,657,000 67,687,000 72,641,000 90,912,000

85,000 ——————— 59,299,000 63,383,000 71,321,000 85,592,000 93,555,000

Net Claims Incurred

18,704,000 18,704,000 –8,000 833,000 833,000 –2,000 10,010,000 –127,000 2,000 ——————— 29,412,000 36,784,000 32,618,000 60,338,000 57,118,000

Claims Ratio

61.47 61.47 0.00 43.36 43.36 –66.67 37.26 0.00 2.35 ————— 49.60 58.03 45.73 70.49 61.05

2012 Direct Premiums Written: +22,785,000 2012 Underwriting Performance Summary Reinsurance Assumed......................... 39,318,000 Reinsurance Ceded ............................... 1,001,000 Net Premiums Written ......................... 61,102,000 Net Premiums Earned ......................... 59,299,000 Net Claims & Adj Exp .......................... 29,412,000 Commissions ....................................... 13,879,000 Taxes ........................................................ 840,000 General Expenses ................................. 6,986,000 Undwrwtg. Profit/Loss........................... 8,906,000 Investment Income .............................. 10,442,000

Underwriting Result 2012: 2009:

+$8,906,000 –$5,497,000

2011: 2008:

Growth: –19.96% %

Growth Rate (NPW) .................................... 7.85 % of Market (NPW) .................................... 0.15 Earned Loss Ratio .................................... 49.60 Total Expense Ratio ................................. 36.60 Combined Loss & Exp. Ratio ................... 86.20 Return on Equity....................................... 10.87

+$1,455,000 +$981,000

2010:

+$11,318,000

canadianunderwriter.ca CANADIAN UNDERWRITER STATISTICAL ISSUE 2013


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2012 LIFE INSURANCE IN CANADA Aetna 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 ......................................................................................... 66,584,000 Total Liabilities..................................................................................... 14,288,000 Head Office Account ........................................................................... 47,691,000 Total Premium Income .......................................................................... 1,551,000 Net Income ............................................................................................ 2,028,000 Non-Participating In Canada Business Individual Life Premiums Written ................................................................ 51,000 Group Life Premiums Written ................................................................... 140,000 Group A&S Premiums Written ............................................................... 1,360,000

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 ......................................................................................... 26,844,000 Total Liabilities..................................................................................... 14,996,000 Head Office Account ........................................................................... 10,419,000 Total Premium Income ........................................................................ 15,293,000 Net Income ........................................................................................... 6,874,000 Non-Participating In Canada Business Individual Life Premiums Written ................................................................ 39,000 Group Life Premiums Written .............................................................. 15,254,000

Canassurance Insurance Company

Life 1

Claude Boivin, CPA, 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 ................................................................ 143,477,000 Total Consolidated Liabilities ............................................................ 116,770,000 Total PH and Shareholder Equity (inc. non-controlling interests) ....... 26,707,000 Total Consolidated Premium Income .................................................. 31,528,000 Net Income ...........................................................................................–3,615,000 Non-Participating In Canada Business (Consolidated) Individual Life Premiums Written ........................................................... 3,272,000 Group Life Premiums Written ................................................................ 3,720,000 Individual A&S Premiums Written........................................................ 18,551,000 Group A&S Premiums Written ............................................................... 5,985,000

Cigna Life Insurance Company of Canada

Life 1

The Empire Life Insurance Company Life 1 259 King St E Kingston ON K7L 3A8 Toll-Free 877-548-1881 Fax 613-548-3854 www.empire.ca Key Metrics Total Consolidated Assets ........................................................... 10,674,926,000 Total Consolidated Liabilities ......................................................... 9,775,120,000 Total PH and Shareholder Equity (inc. non-controlling interests) ..... 899,806,000 Total Consolidated Premium Income ................................................ 813,532,000 Net Income .......................................................................................... 78,885,000 Non-Participating In Canada Business (Consolidated) Individual Life Premiums Written ....................................................... 288,786,000 Group Life Premiums Written .............................................................. 27,368,000 Individual Annuity Premiums Written ................................................ 173,084,000 Group Annuity Premiums Written.......................................................... 2,635,000 Individual A&S Premiums Written........................................................ 16,091,000 Group A&S Premiums Written ........................................................... 262,141,000

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 ............................................................. 2,934,193,000 Total Consolidated Liabilities ......................................................... 2,570,624,000 Total PH and Shareholder Equity (inc. non-controlling interests) ..... 363,569,000 Total Consolidated Premium Income ................................................ 450,005,000 Net Income .......................................................................................... 44,656,000 Non-Participating In Canada Business (Consolidated) Individual Life Premiums Written ......................................................... 47,976,000 Group Life Premiums Written .............................................................. 21,703,000 Individual Annuity Premiums Written .................................................. 62,565,000 Group Annuity Premiums Written............................................................... 28,000 Individual A&S Premiums Written.......................................................... 6,479,000 Group A&S Premiums Written ........................................................... 189,922,000

Faithlife Financial

Life 2

Life 2

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 ....................................................................................... 131,964,000 Total Liabilities................................................................................... 110,313,000 Head Office Account ........................................................................... 13,874,000 Total Premium Income .......................................................................... 3,101,000 Net Income ........................................................................................... -4,047,000 Non-Participating In Canada Business Individual Life Premiums Written ........................................................... 2,543,000 Group Life Premiums Written ..................................................................... 31,000 Group A&S Premiums Written .................................................................. 527,000

The Equitable Life Insurance Company of Canada

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 .................................................................. 59,427,000 Total Consolidated Liabilities ............................................................. 32,,258,000 Total PH and Shareholder Equity (inc. non-controlling interests) ....... 27,169,000 Total Consolidated Premium Income .................................................. 46,511,000 Net Income ............................................................................................ 7,783,000

Combined Insurance Company of America

Connecticut General Life Insurance Company

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 ................................................................ 486,741,000 Total Consolidated Liabilities ............................................................ 446,299,000 Total PH and Shareholder Equity (inc. non-controlling interests) ....... 40,442,000 Total Consolidated Premium Income .................................................. 24,700,000 Net Income ............................................................................................ 1,244,000

7300 Warden Ave, Suite 300 Markham ON L3R 0X3 Key Metrics (Canada) Total Assets ....................................................................................... 746,259,000 Total Liabilities................................................................................... 411,959,000 Head Office Account ......................................................................... 321,988,000 Total Premium Income ....................................................................... -92,925,000 Net Income .......................................................................................... 40,621,000 Non-Participating In Canada Business Individual Life Premiums Written ........................................................ -19,386,000 Individual A&S Premiums Written....................................................... -73,539,000 128

canadianunderwriter.ca CANADIAN UNDERWRITER STATISTICAL ISSUE 2013


General American Life Insurance Company

Life 2

Life 2

RGA Life Reinsurance Company of Canada

Life 2

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 ............................................................. 6,420,447,000 Total Consolidated Liabilities ......................................................... 5,700,326,000 Total PH and Shareholder Equity (inc. non-controlling interests) ..... 720,121,000 Total Consolidated Premium Income ................................................ 164,767,000 Net Income .......................................................................................... 95,793,000 Non-Participating In Canada Business (Consolidated) Individual Life Premiums Written ......................................................... 42,487,000 Group Life Premiums Written .............................................................. 31,345,000 Individual Annuity Premiums Written ......................................................... 38,000 Group Annuity Premiums Written........................................................ 19,547,000 Individual A&S Premiums Written.......................................................... 9,792,000 Group A&S Premiums Written ............................................................. 61,558,000

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 ......................................................................................... 34,689,000 Total Liabilities..................................................................................... 20,163,000 Head Office Account ........................................................................... 12,848,000 Total Premium Income .......................................................................... 3,011,000 Net Income ............................................................................................ 1,217,000 Non-Participating In Canada Business Individual Life Premiums Written ........................................................... 3,011,000

Hartford 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 ......................................................................................... 10,659,000 Total Liabilities....................................................................................... 4,784,000 Head Office Account ............................................................................. 5,620,000 Total Premium Income ................................................................................. 1,000 Net Income .............................................................................................. -506,000 Non-Participating In Canada Business Group Life Premiums Written ....................................................................... 1,000

Life Insurance Company of North America

State Farm International Life Insurance Company Ltd.

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 ......................................................................................... 56,766,000 Total Liabilities..................................................................................... 26,989,000 Head Office Account ........................................................................... 26,637,000 Total Premium Income .......................................................................... 2,836,000 Net Income ............................................................................................... 427,000 Non-Participating In Canada Business Group Life Premiums Written ................................................................ 2,107,000 Group A&S Premiums Written ............................................................... 1,729,000

Primerica Life Insurance Company of Canada 2000 Argentia Rd Suite 300 Plaza 5 Mississauga ON L5N 2R7 905-812-2900 Fax 905-813-5316 Key Metrics Total Consolidated Assets ............................................................. 2,709,108,000 Total Consolidated Liabilities ......................................................... 2,468,977,000 Total PH and Shareholder Equity (inc. non-controlling interests) ..... 240,131,000 Total Consolidated Premium Income .................................................. 82,757,000 Net Income .......................................................................................... 85,065,000 Non-Participating In Canada Business (Consolidated) Individual Life Premiums Written ........................................................ 82,709,000 Individual Annuity Premiums Written ......................................................... 21,000 Individual A&S Premiums Written............................................................... 27,000

CANADIAN UNDERWRITER STATISTICAL ISSUE 2013

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 .................................................................. 49,715,000 Total Consolidated Liabilities .............................................................. 18,553,000 Total PH and Shareholder Equity (inc. non-controlling interests) ....... 31,162,000 Total Consolidated Premium Income .................................................. 37,813,000 Net Income ............................................................................................ 1,399,000 Non-Participating In Canada Business (Consolidated) Individual Life Premiums Written ..........................................................–2,240,000 Group Life Premiums Written ................................................................... 537,000 Individual A&S Premiums Written........................................................ 35,444,000 Group A&S Premiums Written ............................................................... 4,072,000

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 .................................................................................... 2,144,046,000 Total Liabilities................................................................................ 1,192,955,000 Head Office Account ......................................................................... 951,091,000 Total Premium Income ...................................................................... 236,925,000 Net Income ........................................................................................ 266,936,000 Non-Participating In Canada Business Individual Life Premiums Written ....................................................... 236,756,000 Individual Annuity Premiums Written ....................................................... 169,000

Gerber Life Insurance Company

Reliable Life Insurance Company

Life 1

Life 1

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 .................................................................................... 1,440,503,000 Total Liabilities................................................................................ 1,159,006,000 Head Office Account ......................................................................... 247,874,000 Total Premium Income ...................................................................... 133,703,000 Net Income ......................................................................................... -31,121,000

Sun Life Assurance Company of Canada

Life 1

Dean A Connor, President and Chief Executive Officer 150 King St W Toronto ON M5H 1J9 416-979-9966; Fax 416-585-9546 Key Metrics Total Consolidated Assets ......................................................... 177,943,645,000 Total Consolidated Liabilities ..................................................... 166,159,420,000 Total PH and Shareholder Equity (inc. non-controlling interests) 11,784,225,000 Total Consolidated Premium Income ............................................. 8,048,026,000 Net Income ..................................................................................... 1,352,865,000 Non-Participating In Canada Business (Consolidated) Individual Life Premiums Written ....................................................... 920,886,000 Individual Annuity Premiums Written ................................................ 624,299,000 Group Annuity Premiums Written................................................... 1,107,075,000 Individual A&S Premiums Written...................................................... 211,467,000 Group A&S Premiums Written .................................................................. 607,000

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 lpellerin@uvmutuelle.ca Key Metrics Total Consolidated Assets ............................................................. 1,712,126,000 Total Consolidated Liabilities ......................................................... 1,533,265,000 Total PH and Shareholder Equity (inc. non-controlling interests) ..... 178,861,000 Total Consolidated Premium Income .................................................. 89,028,000 Net Income .......................................................................................... 16,370,000 Non-Participating In Canada Business (Consolidated) Individual Life Premiums Written ......................................................... 34,339,000 Group Life Premiums Written ................................................................ 1,970,000 Individual Annuity Premiums Written .................................................. 10,002,000 Individual A&S Premiums Written.......................................................... 1,762,000 Group A&S Premiums Written ............................................................. 32,908,000 129


2012 PROVINCIAL GOVERNMENT INSURERS INSURANCE CORPORATION G-C Mark Blucher, Interim President & Chief Executive Officer OF 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 2012............................... Total 2011............................... Total 2010............................... Total 2009............................... Total 2008...............................

Net Prems Written

2,443,376,000 176,900,000 1,289,801,000 3,910,077,000 ——————— 3,910,077,000 3,692,836,000 3,679,367,000 3,667,145,000 3,639,688,000

Net Prems Earned

2,327,055,000 168,364,000 1,315,968,000 3,811,387,000 ——————— 3,811,387,000 3,673,211,000 3,667,324,000 3,650,025,000 3,631,215,000

Net Claims Incurred

2,407,747,000 205,436,000 653,432,000 3,266,615,000 ——————— 3,266,615,000 3,186,563,000 3,074,228,000 2,970,125,000 2,819,138,000

Claims Ratio

103.47 122.02 49.65 85.71 ————— 85.71 86.75 83.83 81.37 77.64

2012 Direct Premiums Written: +3,918,958,000 2012 Underwriting Performance Summary Reinsurance Assumed........................................... Reinsurance Ceded ............................... 8,880,000 Net Premiums Written .................... 3,910,077,000 Net Premiums Earned .................... 3,811,387,000 Net Claims & Adj Exp ..................... 3,266,615,000 Commissions ..................................... 296,224,000 Taxes ................................................. 166,817,000 General Expenses ............................. 212,832,000 Undwrwtg. Profit/Loss....................... –77,305,000 Investment Income ............................ 443,126,000

Underwriting Result 2012: 2009:

–$77,305,000 +$134,725,000

2011: 2008:

Growth: 5.87% %

Growth Rate (NPW) .................................... 5.88 % of Market (NPW) .................................... 9.36 Earned Loss Ratio .................................... 85.71 Total Expense Ratio ................................. 17.73 Combined Loss & Exp. Ratio ................. 103.44 Return on Equity......................................... 8.05

–$188,647,000 +$320,830,000

2010:

–$36,464,000

MANITOBA PUBLIC INSURANCE CORPORATION

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Marilyn J McLaren, President & Chief Executive Officer 234 Donald St 9th Floor PO Box 6300 Winnipeg MB R3C 4A4 204-985-7000 Fax:204-943-9851

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Y

Class

Auto ....................................... Total .......................................

Net Prems Written

959,540,000 ——————— 959,540,000

Net Prems Earned

935,385,000 ——————— 935,385,000

Net Claims Incurred

850,003,000 ——————— 850,003,000

Claims Ratio

90.87 ————— 90.87

Direct Premiums Written: +967,565,000 Underwriting Performance Summary Reinsurance Assumed........................................... Reinsurance Ceded ............................... 8,025,000 Net Premiums Written ....................... 959,540,000 Net Premiums Earned ....................... 935,385,000 Net Claims & Adj Exp ........................ 850,003,000 Commissions ....................................... 77,437,000 Taxes ................................................... 28,071,000 General Expenses ............................. 117,011,000 Undwrwtg. Profit/Loss....................... –84,766,000 Investment Income ............................ 118,975,000

Growth: 0.00% %

Growth Rate (NPW) .................................... 0.00 % of Market (NPW) .................................... 2.30 Earned Loss Ratio .................................... 90.87 Total Expense Ratio ................................. 23.79 Combined Loss & Exp. Ratio ................. 114.66 Return on Equity......................................... 5.39

Underwriting Result 2012:

–$84,766,000

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

Auto. - Liability ....................... Auto. - Pers. Acc. ................... Auto. - Other........................... Auto - Total ............................ Total 2012............................... Total 2011............................... Total 2010............................... Total 2009............................... Total 2008...............................

Net Prems Written

9,428,000 319,047,000 452,692,000 781,167,000 ——————— 781,167,000 744,743,000 708,350,000 651,419,000 610,492,000

Net Prems Earned

15,459,000 284,823,000 466,944,000 767,226,000 ——————— 767,226,000 726,282,000 684,821,000 630,559,000 587,918,000

Net Claims Incurred

18,995,000 264,294,000 457,239,000 740,528,000 ——————— 740,528,000 806,924,000 604,418,000 593,901,000 550,890,000

Claims Ratio

122.87 92.79 97.92 96.52 ————— 96.52 111.10 88.26 94.19 93.70

2012 Direct Premiums Written: +785,679,000 2012 Underwriting Performance Summary Reinsurance Assumed........................................... Reinsurance Ceded ............................... 4,512,000 Net Premiums Written ....................... 781,167,000 Net Premiums Earned ....................... 767,226,000 Net Claims & Adj Exp ........................ 740,528,000 Commissions ....................................... 37,795,000 Taxes ................................................... 38,555,000 General Expenses ............................... 74,172,000 Undwrwtg. Profit/Loss......................-123,824,000 Investment Income .............................. 74,838,000

Underwriting Result 2012: 2009:

130

-$123,824,000 –$90,088,000

2011: 2008:

Growth: 4.90% %

Growth Rate (NPW) .................................... 4.89 % of Market (NPW) .................................... 1.87 Earned Loss Ratio .................................... 96.52 Total Expense Ratio ................................... 0.00 Combined Loss & Exp. Ratio ..................... 0.00 Return on Equity........................................-8.34

–$228,680,000 –$80,304,000

2010:

–$58,109,000

canadianunderwriter.ca CANADIAN UNDERWRITER STATISTICAL ISSUE 2013

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