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