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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4/25/13 2:02 PM
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
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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
Architects & Engineers Aviation
XL Group Insurance
Builder’s Risk Business Interruption Cargo Cash in Transit Construction Cyber Liability Directors & Officers Employment Practices Liability Energy Environmental Liability Equine Equipment Breakdown Errors & Omissions Excess Casualty Fine Art & Valuables Fiduciary Liability Financial Institutions General Liability Hull Inland Marine
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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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CANADIAN UNDERWRITER STATISTICAL ISSUE 2011
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
canadianunderwriter.ca CANADIAN UNDERWRITER STATISTICAL ISSUE 2013
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Charities, crime and construction are just a few examples of why our specialty insurance is hard to top. We specialize in more categories and coverages than you might imagine. And that doesn’t just go for C. From A to Z, our strength of specialization allows us to serve you in letter-perfect fashion. Contact our Underwriting & Servicing Offices: Executive Liability: 416.368.8200 x 12 Fidelity / Crime: 416.368.8200 x 26 Property & Inland Marine: 905.831.9037 CANADIAN UNDERWRITER STATISTICAL ISSUE 2011
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Executive Liability Division Fidelity / Crime Division Property & Inland Marine Division www.GAIG.com 9
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
canadianunderwriter.ca CANADIAN UNDERWRITER STATISTICAL ISSUE 2013
S e p t e m b e r 2 2 - S e p t e m b e r 2 4 , 2 0 1 3 - H i l t o n L a c - L e a m y, G a t i n e a u , Q u e b e c
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Sessions and speakers include:
Platinum Sponsors
Amanda Lang Conference M.C.
• The View from OSFI Julie Dickson, Superintendent of Financial Institutions, OSFI • Preparing for “The Big One”; Perspectives on Earthquake in Canada Moderator: Mary-Lou O’Reilly (IBC); Speakers: Petra Nemcova (Happy Hearts Fund); Gregor Robinson (IBC); Professor Peter Gordon (University of Southern California); Ross Stein (USGS/Global Earthquake Model) Gold Sponsors • Keynote Luncheon Speaker: Preparing for an Earthquake - Leading Through Partnership Don Forgeron, President & CEO, IBC • Global Reinsurance Panel Moderator: Bill Eyre (Towers Watson); Panelists: Ulrich Wallin (Hannover Re); Jacques Bonneau (ACE Tempest Re Group); Dominic J. Addesso (Everest Reinsurance Company); Toby Stubbs (Pembroke) • Policy/Reinsurance Wordings - Pitfalls and Opportunities Mark Lichty (Blaney McMurtry); John F. Cairns (Chubb Canada); Stuart S. Carruthers (Stikeman Elliott) • Prairie Storms: Thunderstorms, Tornadoes, and Blizzards. What the Hail is Going On? Moderator: Paul Kovacs (Insurance Institute for Catastrophic Loss Reduction); Panelists: Patrick McCarthy (Meteorological Service of Canada); Maxime Lafleur-Forcier (Aviva Canada); Tanya Brown (US Insurance Institute for Business & Home Safety) • Global Economic Outlook Dr. Kurt Karl, Chief Economist, Head of Swiss Re Economic Research & Consulting, Swiss Re Silver Sponsors • The Future of Auto Insurance Amid Tech Advancements Moderator: Jamie Rodgers (CGI); Panelists: Robyn Robertson (Traffic Injury Research Foundation - TIRF); Dr. Peter Burns (Transport Canada); Donald Light (Celent); Michel Laurin (Industrial Alliance Auto and Home Insurance Inc.) • Getting a Handle on Supply Chain Risks Moderator: Kelly Marchese (Deloitte); Panelists: Matthew Yeshin (Marsh Canada); Linda Conrad (Zurich Financial Services) • Is Time for Flood Insurance in Canada Nigh? - A Debate Moderator: Alain Thibault; On the ‘No’ side: Guy Vézina (TD Insurance); On the ‘Yes’ side: Kathy Bardswick (The Co-operators Group Limited) • Where’s the Action in Class Actions? A ‘No Holds Barred’ Debate Moderator: Amanda Lang; Media Sponsors Won Kim (Kim Orr Barristers) vs Robert W. Staley (Bennett Jones) • Closing Keynote Luncheon Speaker: The New Economic Challenges Facing Quebec and Canada The Honourable Jean Charest, 29th Premier of Quebec & Former Deputy Prime Minister of Canada For more information visit www.niccanada.com or contact Laura Viau at laura.viau@msaresearch.com. NICC 2013 sessions are accredited by RIBO: 5 Hours Management, 4 Hours Technical
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
canadianunderwriter.ca CANADIAN UNDERWRITER STATISTICAL ISSUE 2013
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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
canadianunderwriter.ca CANADIAN UNDERWRITER STATISTICAL ISSUE 2013
PREDICTIVE ANALYTICS DRIVE PROFITABLE GROWTH
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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
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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
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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.”
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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
canadianunderwriter.ca CANADIAN UNDERWRITER STATISTICAL ISSUE 2013
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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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Enter exclusive markets for healthcare entities through our relationships with over 50 carriers. Whatever the diagnosis, our expertise delivers the fastest quotes. Take advantage of our experience to cover everything from medical malpractice to general liability without any gaps. Why let anything stand between you and the coverages your clients need? At Burns & Wilcox Canada, we make the hard-to-place easy. OTTAWA Steve Kilrea or Tom Stanton Tel: 613.237.3939 Fax: 613.233.4334 WATS: 1.866.268.7334 skilrea@burns-wilcox.ca tstanton@burns-wilcox.ca
TORONTO Farhan Mohamed Tel: 416.774.2477 Fax: 416.497.7581 WATS: 1.888.591.9125 fmohamed@burns-wilcox.ca
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burnsandwilcox.ca Commercial | Personal | Professional | Brokerage | Binding | Risk Management Services
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
速
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.
To learn more about our comprehensive portfolio of insurance products and services, and the industries we serve, visit www.cnacanada.ca.
Construction • Manufacturing • Oil & Gas • Life Science • Renewable Energy
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
Our commitment to you is in our name it’s our guarantee. The Guarantee Company of North America is a leader in specialty insurance within the North American marketplace. We offer in-depth knowledge and expertise in niche segments, including the construction industry, corporate programs and customized personal insurance.
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CORPORATE INSURANCE
• Contract Surety • Commercial Surety • Developer Surety
• D & O Liability • Crime - 3D / FI Bonds • Fiduciary Liability
PERSONAL INSURANCE
• Guarantee GOLD® • Guarantee SUPERIOR
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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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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