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2009 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

2009 STATISTICAL ISSUE Hitting the Wall BY GLENN McGILLIVRAY

JU N E 2 0 0 9 A Business Information Group Publication #40069240


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VOL. 76, NO. 6, JUNE 2009

Index To Company Tables

8, 10

Index To Reinsurance Companies

12

Index To Life Insurance Companies

14

Editorial Summary

20

How The Private Companies Rank (Total Business) N.P.W.

34, 36

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

40

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

42

2008 Underwriting Results Table — General Companies

44, 46, 47

Total Direct Written Business — By Province

48, 50, 51

Direct Written Auto — By Province

52, 54

Five Year Record By Classes

55

2008 Reinsurance Results Table

56

2008 Underwriting Profit Producers

58

2008 Underwriting Loss Producers

58

Direct Written Property — By Province

60, 62

Senior Publisher Steve Wilson steve@canadianunderwriter.ca (416) 510-6800 Editor Cathy Donaghy cathy@canadianunderwriter.ca (416) 510-6840 Account Manager Michael Wells michael@canadianunderwriter.ca (416) 510-5122 Advertising Sales Christine Giovis christine@canadianunderwriter.ca (416) 510-5114

Art Director Valerie Perrott Art Consultation Pylon.ca Production Manager Gary White (416) 510-6760 Print Production Manager Phyllis Wright President Bruce Creighton Vice President Alex Papanou

2008 Total Insurance In Canada By Nationality Of Company

72

2008 Automobile Insurance In Canada By Nationality Of Company

72

2008 Property Insurance In Canada By Nationality Of Company

72

2008 Total Insurance In Canada By Type Of Company

73

2008 Automobile Insurance In Canada By Type Of Company

73

2008 Property Insurance In Canada By Type Of Company

73

Canadian Underwriter is published thirteen times yearly (monthly + the Annual Statistical Issue) by Business Information Group, a division of BIG Magazines LP, a leading Canadian information company with interests in daily and community newspapers and business-to-business information services.

2008 Remaining Coverages In Canada By Type Of Company

73

Business Information Group is located at 12 Concorde Place Suite 800, North York, ON, M3C 4J2. Phone: (416) 442-5600.

2008 Remaining Coverages In Canada By Nationality Of Company

73

2008 Canadian Underwriting Experience By Companies

74

2008 Reinsurance Companies Results

120

2008 Provincial Government Insurers

131

2008 Life Insurance In Canada

132

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

Canadian Underwriter, USPS 022-494. US office publication: 2424 Niagara Falls Blvd., Niagara Falls, NY 14304-0357. Periodicals Postage Paid at Niagara Falls, NY, USA. US postmaster: Send address corrections to Canadian Underwriter, Po Box 1118, Niagara Falls, NY 14304. All rights reserved. Printed in Canada. The contents of this publication may not be reproduced or transmitted in any form, either in part or in full, including photocopying and recording, without the written consent of the copyright owner. Nor may any part of this publication be stored in a retrieval system of any nature without prior written consent. We acknowledge the financial support of the Government of Canada through the Canada Magazine Fund toward our editorial costs. © Published monthly as a source of news, technical information and comment, and as a link between all segments of the insurance industry including brokers, agents, insurance and reinsurance companies, adjusters, risk managers and consultants.

LEADING COMPANIES — DIRECT WRITTEN BASIS

Accident & Sickness

70 Legal Expense

70

Aircraft

71 Liability

71

Boiler & Machinery

70 Marine

70

Credit

70 Other Approved Products

70

Credit Protection

70 Surety

71

Fidelity

70 Title

71

Hail

70

Privacy Notice From time to time we make our subscription list available to select companies and organizations whose product or service may interest you. If you do not wish your contact information to be made available, please contact us via one of the following methods: Phone: 1-800-668-2374 Fax: 416-442-2191 E-mail: jhunter@businessinformationgroup.ca Mail to: Privacy Officer, 12 Concorde Place., Suite 800, North York, ON, M3C 4J2 Subscription Rates: 2006 Canada 1 Year $ 34.95 + $ 2.45 GST = $ 37.40 2 Years $ 48.95 + $ 3.02 GST = $ 46.11 3 Years $ 62.95 + $ 4.41 GST = $ 67.36 Single Copies: $ 7.50 + .53 GST

= $ 8.03

Annual Statistical Issue (included with above subscription) Or separately: $ 37.00 + $ 2.59 GST = $ 39.59 Elsewhere 1 Year $42.00 2 Years $68.00 3 Years $95.00

LEADING COMPANIES IN THE PROVINCES — DIRECT WRITTEN PREMIUMS

Total Business

64, 65

Property

66, 67

Automobile

68, 69

GST Registration number 890939689RT0001 Second Class Mail Registration Number: 08840 Publications Mail Agreement #40069240 Return undeliverable Canadian addresses to: Circulation Dept. Canadian Underwriter 12 Concorde Place, Suite 800 North York, ON, M3C 4J2 PAP Registration No. 11098 We acknowledge the financial support of the Government of Canada through the Publications Assistance Program and the Canada Magazine Fund of the Department of Canadian Heritage toward our mailing and editorial costs

ISSN 0008-5251

To Order Extra Copies Of This Publication Call Customer Service 1-800-668-2374 6

canadianunderwriter.ca CANADIAN UNDERWRITER STATISTICAL ISSUE 2009


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Expertise. Commitment. Strength. Creating the right risk management plan for your business requires the experience and understanding you can expect from XL Insurance. We offer: –

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PROPERTY I CASUALTY I PROFESSIONAL I SPECIALTY


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COMPANY INDEX ACE INA Insurance

74

GCAN Insurance Company

92

Affiliated FM Insurance Company

74

Gore Mutual Insurance Company

92

AIG Commercial Insurance Company of Canada

74

Grain Insurance & Guarantee Company

92

Alberta Motor Association Insurance Company

76

Green Shield Canada

93

Allianz Global Risks US Insurance Company

76

The Guarantee Company of North America

94

Allstate Insurance Company Of Canada

76

Hanover Insurance Company

93

American Bankers Insurance Company of Florida

76

Hartford Fire Insurance Company

93

American Home Assurance Company

77

ICAROM PLC

94

American Road Insurance Company

77

Industrielle Alliance Compagnie D'Assurances Generales

94

Antigonish Farmers' Mutual Fire Insurance Company

77

Intact

96

Arch Insurance Company

77

Jevco Insurance Company

94

Aviva Canada Inc.

78

The Kings Mutual Insurance Company

96

AXA Canada Inc. - Group of Companies

78

Kingsway General Insurance Company

96

BCAA Insurance Corporation

78

Legacy General Insurance Company

96

The Boiler Inspection & Insurance Company Of Canada

80

Liberty Mutual Group

98

British Aviation Insurance Company Limited

78

Lloyd's Underwriters

98

CAA Insurance Company (Ontario)

80

Lombard Canada Group

Canadian Direct Insurance

80

Lumbermens Mutual Casualty Company

98

La Capitale Compagnie D'Assurance Generale

80

Lumbermen's Underwriting Alliance

98

Centennial Insurance Company

82

Markel Insurance Company Canada

102

Chrysler Insurance Company

82

The Mearie Group

100

Chubb Insurance Company of Canada

82

Mennonite Mutual Fire Insurance Company

100

Clare Mutual Insurance Company

82 .

Mitsui Sumitomo Insurance Company Limited

102

CNA Canada Group

84

Motors Insurance Corporation

103

102

Coachman Insurance Company

109 .

The Mutual Fire Insurance Co. Of British Columbia

103

The Commonwealth Insurance Company

100

National Liability & Fire Insurance Company

103

Co-operative Hail Insurance Company Limited

84

Northbridge Financial Corporation

100

Co-operators General Insurance Company

86

North Waterloo Farmers Mutual Insurance Company

103

Cumis General Insurance Company

86

Old Republic Insurance Company of Canada

104

Desjardins General Insurance Group

86

Omega General Insurance Company

104

The Dominion Of Canada General Insurance Company

86

Ontario Mutual Insurance Association

104

Eagle Star Insurance Company Limited

88

Ontario School Board's Insurance Exchange

104

Echelon General Insurance Company

88

Optimum General Inc.

105

The Economical Insurance Group

88

Pacific Coast Fishermen's Mutual Marine Insurance Company

105

Employers Insurance Company Of Wausau

88

Pafco Insurance Company

105

Le Groupe Estrie-Richelieu Compagnie D'Assurance

90

Peace Hills General Insurance Company

107

Euler Hermes American Credit Indemnity Company

90

Pearl Assurance PLC

107

Everest Insurance Company Of Canada

90

P.E.I. Mutual Insurance Company

105

102

Pembridge Insurance Company

106

Federated Insurance Company Of Canada First Canadian Title

92

FM Global

90

8

Pool Insurance Company

106 (Continued On Page 10)

canadianunderwriter.ca CANADIAN UNDERWRITER STATISTICAL ISSUE 2009


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Cunningham Lindsey offers expert claims handling for the most complex and specialized losses. To access our team of experts, write to us at corpservices@cl-na.com for a copy of our new Specialty Services Directory.

www.cunninghamlindsey.com


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COMPANY INDEX The Portage La Prairie Mutual Insurance Company

106

State Farm Insurance Company

112

The Insurance Company Of Prince Edward Island

110

State Farm Mutual Automobile Insurance Company

112

Providence Washington Insurance Company

106

Stewart Title Guaranty

114

RBC General Insurance Company

107

TD Insurance

114

RBC Insurance Company of Canada

107

Temple Insurance Company

114

Red River Valley Mutual Insurance Company

108

TIG Insurance Company

114

RSA Canada Group

108

The Tokio Marine & Nichido Fire Insurance Company Limited

115

St. Paul Fire and Marine Insurance Corporation

112

Travelers Guarantee Company of Canada

115

Saskatchewan Mutual Insurance Company

108

Trisura Guarantee Insurance Company

115

SecuriCAN General Insurance Company

108

Triton Insurance

115

Security Insurance Company of Hartford

110

L'Unique Compagnie D'Assurances Generales

116

SGI Canada

109

Utica Mutual Insurance Company Limited

116

SGI Canada Group

109

Virginia Surety Company Inc.

116

SGI Canada Insurance Services

109

The Wawanesa Mutual Insurance Company

116

Sompo Japan Insurance Inc.

110

Western Surety Company

118

The Sovereign General Insurance Company

110

XL Insurance

118

I

SSQ, Societe D'Assurances Generales Inc.

114

York Fire & Casualty Insurance Company

118

State Farm Fire & Casualty Company

112

Zurich Canada

118

Get the job. Done. TM

T JOB A Y M D FOUN

10

canadianunderwriter.ca CANADIAN UNDERWRITER STATISTICAL ISSUE 2009


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REINSURANCE COMPANIES Alea Europe Ltd.

120

Promutuel Reassurance

126

American Agricultural Insurance Company

120

Scor Canada Reinsurance Company

126

AXA Re

120

Scor Reinsurance Company

126

Caisse Centrale de Reassurance

120

Sorema North America Reinsurance Company

128

Everest Reinsurance Company

122

Swiss Reinsurance Company Ltd.

129

Farm Mutual Reinsurance Plan

122

Swiss Reinsurance Company Canada

129

General Reinsurance Corporation

122

Swiss Reinsurance Group

128

Hannover Ruckversicherung AG

122

Terra Nova Insurance Company Limited

130

The Insurance Corporaton of New York

123

T.H.E. Insurance Company

130

MAPFRE Re Compania De Reeaseguros, S.A.

123

The Toa Reinsurance Company of America

130

Munich Reinsurance America Inc

123

Transatlantic Reinsurance Company

130

Munich Reinsurance Company Of Canada

124

Westport Insurance Corporation

129

Munich Reinsurance Canada Group

124

White Mountains Re America

131

Nipponkoa Insurance Company Limited

124

XL Reinsurance America, Inc. Canadian Branch

131

North American Specialty Insurance Company

129

Odyssey America Reinsurance Corporation

124

Paris Re

126 .

PartnerRe Canada

126

I

PROVINCIAL GOVERNMENT INSURERS Saskatchewan Auto Fund

131

Get the job. Done. TM

FOUND MY JOB AT

12

canadianunderwriter.ca CANADIAN UNDERWRITER STATISTICAL ISSUE 2009


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LIFE INSURANCE COMPANIES Aetna Life Insurance Company

132

Reliable Life Insurance Company

133

American Health & Life Insurance Company

132

RGA Life Reinsurance Company Of Canada

133

Assurant Life of Canada

132

SCOR Global Life

133

AXA Assurances Inc.

132

State Farm International Life Insurance Company Ltd.

133

Blue Cross Life Insurance Company of Canada

132

Stonebridge Life Insurance Company

134

Canadian Premier Life Insurance Company of Canada

132

Canassurance, compagnie d'assurance-vie inc.

132

Sun Life Assurance Company Of Canada

134

Cigna Life Insurance Company Of Canada

132

Transamerica Life Insurance Company Of Canada

134

Combined Insurance Company of America

132

L'Union-Vie, compagnie mutuelle d'assurance

134

Connecticut General Life Insurance Company

132

The Wawanesa Life Insurance Company

134

CUNA Mutual Insurance Society

133

Western Life Assurance Company

134

Faithlife Financial

133

General American Life Insurance Company

133

Gerber Life Insurance Company

133

Hartford Life Insurance Company

133

Life Insurance Company Of North America

133

Primerica Life Insurance Company Of Canada

133

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canadianunderwriter.ca CANADIAN UNDERWRITER STATISTICAL ISSUE 2009


NICC_CIapr09

4/15/09

10:25 PM

Page 1

WHERE INDUSTRY LEADERS MEET

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Register Now at www.niccanada.com The NICC is Canada’s pre-eminent insurance conference attended by senior executives of insurers, brokers, reinsurers, risk managers, regulators and industry associations. Together with our senior advisory committee of industry leaders, we are making the 2009 conference a can't miss industry event. In addition to the impressive agenda, the NICC also offers you considerable opportunities to meet colleagues, network and strengthen your business relationships. Social events include a pre-conference golf tournament, a high-quality spousal program, an opening night cocktail reception, a gala dinner and exciting post-dinner entertainment.

Sessions and speakers include: • Gregg Hanson – Conference M.C. • Jean Chrétien, Former Prime Minister of Canada in conversation with Allan Gregg (Decima Research) • Julie Dickson, Superintendent, OSFI • Implications of IFRS and Solvency II. Moderator: Jonathan Simmons (PwC) • Terry O’Reilly, host of CBC Radio’s The Age of Persuasion • Global Reins. CEO Panel: John Phelan, Tad Montross (Gen Re), Dr. Peter Roeder (Munich Re) and John Berger (Harbor Point Re) • Dr. Christopher Probyn, Chief Economist, State Street Global Advisors • View from the Street and M&A Outlook. Moderator: Neil Parkinson (KPMG) • Accessing the London Market. Moderator: John Chippindale (HKMB Hub) • Facility’s Role in the Auto Cycle. Moderator: David Simpson • Market (Mis) Conduct. Moderator: Justin MacGregor (Martin Merry & Reid) • Emerging and Latent Risks. Moderator: Susan Watts (Chubb) • What Does the Consumer Want? Moderated by Robin Spencer (Aviva)

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p 16-17 Profit & Loss chart

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UNDERWRITING PROFIT/LOSS IN CANADA 1998-2008

PROPERTY/CASUALTY COMPANIES

LICENSED REINSURERS

+3366.4

+2720.6

+2374.4

+2381.8

+232.7

+248.2

+172.9 +116.4

+90.0 2008

2008 1998

1999

2000

2001

2002

2003

2004

2005

2006

2007

1998

1999

2000

2001

2002

2003

2004

2005

-82.5

2006

2007

–18.3

-58.9 -76.6

-184.8 -871.9

-223.2

-236.5

-983.9

-1339.0 -1396.0

-1940.6

-3117.9

All profits and losses indicated in millions of dollars

16

All profits and losses indicated in millions of dollars

canadianunderwriter.ca CANADIAN UNDERWRITER STATISTICAL ISSUE 2009


p 16-17 Stat Profit Loss chart 5/15/09 9:20 CLC-CUW 09 & 4/30/09 9:01 AM Page 1 AM

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p 18-39 Editorial(DTPTOTR1)

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HITTING THE WALL The Canadian property and casualty industry perpetually appears to either be in a state of crisis or one of stasis, with nothing in between. Guess where it is now? BY GLENN McGILLIVRAY MANAGING DIRECTOR, INSTITUTE FOR CATASTROPHIC LOSS REDUCTION

18 Canadian Underwriter Statistical Issue June 2009


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COVER STORY

Hitting the Wall

Glenn McGillivray

Managing Director, Institute for Catastrophic Loss Reduction

The titles of the overview articles in the last eight or nine CU Statistical Issues (The Big Slide (2000); A White Knuckle

Ride (2001); Somethingâ&#x20AC;&#x2122;s Gotta Give (2002); Never Give In (2003); Rebuilding the Bank (2004); In the Black (2005); The Pendulum Swings Again (2006); Slippery Slope (2007) and, now, Hitting the Wall) strongly suggests one of two things: either the Canadian P&C segment is prone to great volatility, or this writer is terribly melodramatic. I submit it is the former. The fact of the matter is that the large number of players serving the Canadian P&C market, significant foreign ownership, a large portion of the

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Underwriting results deteriorated significantly in 2008, particularly in the auto insurance segment, which represents nearly half of the industryâ&#x20AC;&#x2122;s premium volume. Of particular concern is the Ontario automobile omobile insurance market, rket, where the 2008 losss ratio for the accident benefits coverage exceeded xceeded 100% for the first time sincee the 2001 to 2003 period. Loss ratios inn third-party liability ty increased to their highest rate since 2003, 3, but remain lower than those found at the depths hs of the premium being directly exposed to political risk (mostly on the auto side), what some consider to be very activist courts, and individual companiesâ&#x20AC;&#x2122; own actions and inactions, all combine to make the Canadian P&C segment a very fickle one, indeed.

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Industry results According to the Property and Casualty Insurance Compensation Corporation (PACICC) in its most recent annual report â&#x20AC;&#x153;Underwriting results deteriorated significantly in 2008, particularly in the auto insurance segment, which represents nearly half of the industryâ&#x20AC;&#x2122;s premium volume. Of particular concern is the Ontario automobile insurance market, where the 2008 loss ratio for the accident benefits coverage exceeded 100% for the first time since the 2001 to 2003 period. Loss ratios in


p 18-39 Editorial(DTPTOTR1)

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10:38 AM

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p 18-39 Editorial(DTPTOTR1)

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Page 22

COVER STORY

Hitting the Wall third-party liability increased to their highest rate since 2003, but remain lower than those found at the depths of the previous insurance cycle.The Alberta court decision on the minor injury cap

early in 2008 increased uncertainty in the Alberta auto product and if the appeal on a similar challenge in Atlantic Canada is successful, there could be adverse implications for insurer financial

Summary Ratios Combined Ratio Loss Ratio Expense Ratio ROI ROE Change in Equity MCT

GAAP Reporting, Primary Insurers Only Source: IBC with data from MSA

2008 101.3% 71.1% 30.2% 3.7% 6.1% -2.8% 219.4%

2007 93.8% 64.1% 29.7% 5.9% 15.3% 11.1% 234.1%

health with the addition of liabilities that were not priced or reserved for.” Says PACICC “The Canadian P&C insurance industry is near the low point in the current cycle. Claims incurred

Claims incurred grew significantly in 2008 with premium growth failing to keep pace. This adversely affected industry earnings and capital growth.” It continues “Overall, rising claims costs in the automobile and property segments have put further pressure on industry profitability. Underwriting income fell dramatically in


5/28/09

4:30 PM

grew significantly in 2008 with premium growth failing to keep pace. This adversely affected industry earnings and capital growth.” It continues “Overall, rising claims costs in the automobile and property segments have put further pressure on industry profitability. Underwriting income fell dramatically in 2008 compared with the previous year, as the number of insurers experiencing an underwriting loss increased to 47%.” Year-end results posted on OSFI’s Website show that the underwriting profit for federally regulated insurers fell dramatically from $2.3 billion in 2007 to a loss of $15.8 million in 2008 (all data includes Lloyd’s).Though significant yearover-year, the decline was just as dramatic from the third quarter to the fourth, with an underwriting profit of $303 million at the end of September 2008 (though that, too, was down dramatically from $1.4 billion for the year-earlier period, a decrease of 79 per cent). Net income for the year came in at $2.3 billion, down almost 51 per cent

Page 23

from 2007’s net income of $4.7 billion and equal to just the underwriting profit for 2007. This figure includes significant positive development on the order of $1.42 billion, with a good

portion of that likely coming from Ontario auto. Comparing 2008 to 2007, PACICC notes that auto insurance premiums increased modestly but claims increased by

1st Underwriting Loss since 2002

2  %LOOLRQ

p 18-39 Editorial(DTPTOTR1)

1 0 -$0.29

-1 -2 1990

1992

1994

1996

1998

2000

2002

2004

2006

2008

GAAP Reporting, Primary Insurers Only Source: IBC with data from MSA

When you’re not FirstOnSite, who is?


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COVER STORY

Hitting the Wall a factor of five (2 per cent and 10.7 per cent respectively). The loss ratio for auto liability increased to 69.1 per cent from 65 per cent. However, for personal accident, the loss ratio increased to 117.5 per cent from 95.9 per cent in 2007, indicating that Ontario auto is worsening. In other lines of business, commercial and personal property loss ratios increased sharply in 2008 as property insurance claims costs were again influenced by severe weather.Some of the sixteen named storms in the North Atlantic caused property damage to the Atlantic provinces. Seasonal storms and hail in the Prairies adversely affected property lines in Western Canada. Fortunately, the experience in commercial liability and other lines remained strong. While premiums for personal property increased by 8.1 per cent, claims increased by 21.9 per cent. On the commercial side, while property premiums were flat at -0.02 per cent and liability premiums fell an average of 3.7 per cent, claims costs were up by 19.8 per cent and 3.1 per cent respectively. Overall, the industry loss ratio was 70.2 per cent and the combined ratio was 100.4 per cent for an expense ratio of 30.2 per cent. These were up over the 62.9 per cent, 92.4 per cent

commercial liability and other lines remained strong. While premiums for personal property increased by 8.1 per cent, claims increased by 21.9 per cent. On the commercial side, while property premiums were flflatt att -0.02 per cent and liability bility premiums fell an average erage of 3.7 per cent, claims laims costs were up by 19.8 9.8 per 9 cent and 3.1 per peerr cent ce respectively. Overall, the industry ry loss ratio was 70.2 per cent and the combined ratio was 100.4 per cent for an expense ratio of 30.2 per cent.

Reserve Trends 2.0

Favorable / (Unfavorable) Reserves Development (Margin / (Deficiency) at year-end, undiscounted)

5HVHUYHV UHOHDVHV

1.389

1.42

 %LOOLRQ

1.0

0.0

-1.0

,QFUHDVH LQ UHVHUYHV 1995 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008

GAAP Reporting, Primary Insurers Only Source: IBC with data from MSA

24 Canadian Underwriter Statistical Issue June 2009

and 29.5 per cent for the year earlier period, respectively. Total assets grew by $4.3 billion and total liabilities by $5 billion over the year earlier. Additionally, total investments fell by $930 million, for a decrease in the industry’s total equity of $680 million in 2008. According to PACICC, excluding Lloyd’s from the data reduces industry net income to $1.76 billion, a $556 million negative impact. Lloyd’s underwriting profit for the year makes the industry underwriting loss of $15 million look better than the collective $386 million loss it posted when Lloyd’s is excluded. The industry combined ratio with Lloyd’s removed was 101.7 per cent. Further, without the increase in Lloyd’s investments, total industry investment would have fallen by $1.3 billion. Fortunately, healthy returns and the stabilization of claims costs during the period between 2003 and 2007 allowed the industry to rebuild its capital base after the last period of weak results at the beginning of the decade, says PACICC. “However, despite a generally healthy position, the P&C industry is diverse and the risks faced by insurers vary depending on the lines of business they write, the type of clients and the jurisdiction from which their business originates. In 2008, increasing claims cost trends, weaker investment results and fair value adjustments began to reduce the level of capital in the industry. Two dozen insurers had to draw on their capital base to pay claims. For the first time since 2003, total capital in the industry fell. Nevertheless, while the industry composite minimum capital test ratio fell in 2008, it remains well above the supervisory target of 150. There are important variations in risk among individual insurers, but the industry as a whole is well capitalized.” Regarding the credit crisis, PACICC notes that “Canadian P&C insurers themselves had little direct exposure to subprime instruments, as most insurer assets are invested in government and the highest quality corporate bonds. As P&C insurers largely held conservative


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COVER STORY

Hitting the Wall and high quality assets both before and throughout the crisis, they were somewhat shielded from the financial market turmoil of 2008. However, they have not been fully immune to the crisis. All insurers had modest adverse exposure as yields on government bonds declined, and those few individual insurers with larger equities holdings experienced losses as stock markets fell. Generally, however, as the result of a conservative investment strategy, effective risk management and a strong solvency supervisory system, industry solvency has been resilient to the effects of the financial crisis. No Canadian P&C insurer became financially distressed in 2008 as a result of either the subprimerelated investments or the turmoil of the financial markets.” Going forward, PACICC writes that “Risks related to underwriting are the main cause of past insolvencies in the P&C insurance industry. In particular, catastrophic rate inadequacy is the leading cause of failure, and the factor that often is most evident during the weakest point in the insurance cycle. Widespread discussion about the underwriting discipline is encouraging, as is debate about proactively addressing specific elements of current price adequacy – for example, resolving

In 2008, increasing claims cost trends, weaker investment results and fair value adjustments began to reduce the level of capital in the industry. Two dozen insurers had to draw on their capital base to pay claims. For the first time since 2003, total capital in the industry fell. Nevertheless, while the industry composite minimum capital test ratio fell in 2008, it remains well above the supervisory target oof 150. There are important ant variations in risk among mong individual insurers, ers, but the industry stry as a whole is well capitalized.”

Auto Loss Ratios 100% 2007 75%

2008

84.4% 75.0%

63.6%

60.8% 52.3%

62.2% 54.2%

50%

25%

0%

NL

PEI

NS

GAAP Reporting, Primary Insurers Only Source: IBC with data from MSA

26 Canadian Underwriter Statistical Issue June 2009

NB

QC

ON

AB

deficiencies in rating tools and actively underwriting exposure to water damage. Also of concern is the challenge of ensuring adequate rates for regulated coverages like auto insurance, and addressing political/legal uncertainty like the adverse court ruling in Alberta.” Insurance cycle PACICC notes that “It is wrong to assume that the performance of the industry is preordained, as there is considerable scope to influence the cycle.” As such, insurers must be very mindful of their own effect on the marketplace and on the status of the insurance cycle as, either wittingly or unwittingly, they may be contributing to the problem rather than to the solution. Cutting rates during a soft-cycle, loosening underwriting standards, giving away free coverages, or allowing for free first accident forgiveness may all contribute to the cycle. And it is the cycle which greatly contributes to the general public’s disdain for P&C insurers, as rates go up and down and insurers go from being harsh on coverage requirements to being quite loose and lenient, giving the impression that companies are being run in a knee-jerk fashion. Auto product On May 14 of this year, a banner headline on the cover of the Toronto Sun blazed “Crash Cash May be Cut: Province told to slash insurance benefits by 75%.” In a case of news being news, a piece in The Hamilton Spectator the same day (Slash benefits for car-crash victims: Insurers) quoted the Sun article, reporting that “Auto accident victims will see their benefits slashed if the province accepts a recommendation from the Financial Services Commission of Ontario. The Toronto Sun reports that the FSCO wants to see medical benefits for Ontario accident victims capped at $25,000 – down from the up to $100,000 patients now get. ‘It’s medical expenses – the cost of healing injuries,’ James Geuzebroek, spokesman for the Insurance Bureau of Canada, told the Sun. ‘You have higher


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COVER STORY

Hitting the Wall payouts for injuries in Ontario than in any other province.’” The same day, an article in The Financial Post (Insurance rates to rise in 2009, ING head warns) cited Charles

Brindamour, CEO of Intact Financial Corp. (formerly ING Canada) at the company’s May 13 AGM as warning of an increase in P&C premiums in 2009: ‘Of specific concern for the company

Personal Property Loss Ratios 110.1%

99.4%

100%

2007 79.8%

75%

58.6%

77.0%

62.9%

55.0%

2008

70.2% 73.3% 60.2%

50% 25% 0%

NL

PEI

NS

NB

QC

ON

MB

GAAP Reporting, Primary Insurers Only Source: IBC with data from MSA

www. 360 -value.com/underwriter 800.931.9228

28 Canadian Underwriter Statistical Issue June 2009

SK

AB

BC

is the Ontario auto insurance market, which Mr. Brindamour described as ‘unsustainable’ and in need of a price correction. ‘The cost of providing the service is rising faster than the cost of premiums,’ he said. ‘[Prices are] unsustainable at current levels.’” The industry is clearly working hard to get the word out. Indeed, as noted by IBC chairman Rowan Saunders at the Bureau’s April 28, 2009 AGM: “Efforts are underway at IBC to persuade decision-makers that the Ontario auto insurance product is in need of urgent reform. Over the last nine months, IBC has met with more than 140 civil servants and elected officials as part of the government relations and strategic communications efforts to reinforce that message. Of course, it is the results of these meetings, and not their quantity, that matter most. But this very extensive outreach has set the stage for the political decision-making that will conclude this file. I can say with confidence that IBC’s forceful call for urgent and meaningful change has succeeded in raising awareness, among politicians and regulators alike, that very serious problems are plaguing the auto insurance system in Ontario.” Of the situation in Alberta, Saunders noted: “Last year’s [2007] court ruling in Alberta, rendering the minor injury cap unconstitutional, represented a serious setback to the industry. Nevertheless, IBC is standing beside government in its appeal of the ruling, and continues with its communications and government relations efforts to inform consumers, media and decision-makers about the consequences of upholding the ruling.” He continued “We all know that Canada’s auto insurance industry is one of the most highly regulated industries in the world. Add to this the fact that Canada’s auto insurers are currently facing four minor injury cap challenges and one major auto insurance review, and it becomes clear that the stakes are quite high.” Contrasting the situation in Alberta with that in Atlantic Canada, he noted how “in Atlantic Canada, a far more agreeable verdict was rendered earlier


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COVER STORY

Hitting the Wall this year. In January, a Nova Scotia court upheld the constitutional validity of the minor injury cap. This decision was a victory for Nova Scotia consumers, who will continue to benefit from some of the lowest auto insurance premiums in the country.” Outlining the auto insurance situation in Atlantic Canada, newly minted IBC CEO Don Forgeron remarked “In Atlantic Canada, IBC is facing minor injury cap challenges in Nova Scotia, New Brunswick and PEI…but here, at least, we’ve already had some good news. In Nova Scotia, the constitutional validity of the minor injury cap was upheld. Not surprisingly, this decision was appealed. Over in New Brunswick, where a court challenge is pending, IBC remains vigilant. We are ready to quickly and cogently defend the industry’s position…Needless to say, in all four provinces facing cap challenges [Nova Scotia, New Brunswick, PEI and Alberta], IBC remains focused on pursuing coordinated government relations and communications strategies that raise awareness about the true purpose of minor injury caps…” Reinsurance According to reinsurance broker Aon Benfield catastrophe reinsurance in

No Canadian P&C insurer became financially distressed in 2008 as a result off either the subprime-related investments or the turmoil of the financial markets. Going forward, PACICC writes that “Risks relatedd to underwritingg are the main causee of past insolvencies es in the P&C insurancee industry. In particular, ar, catastrophic rate inadequacy adequacy is the leading ading cause of failure, ure, and the factorr that often is most evident during the weakest point in thee insurance c cle. e Widespread

Commercial Property Loss Ratios 120.6%

2007

100%

50%

76.4%

69.1%

75% 39.5%

2008

61.3% 63.4%

58.6%

49.4%

66.6%

60.4%

25% 0% NL

PEI

NS

NB

GAAP Reporting, Primary Insurers Only Source: IBC with data from MSA

30 Canadian Underwriter Statistical Issue June 2009

QC

ON

MB

SK

AB

BC

Canada is expected to show a rate on line (ROL) change of between zero and 5 per cent at the June and July 2009 renewals (ROL is defined as a calculation of reinsurance premium divided by reinsurance limit). Aon Benfield said it further expects reinsurance capacity and retention changes in Canada to be stable. Globally, reinsurer capital was reduced by 14 per cent in 2008, which the outlook says is in line with expectations. Previously, the reinsurance intermediary estimated a decline of between 15 per cent and 20 per cent in reinsurer capital worldwide in 2008. Global insurers, it said, saw significant declines in capital ranging from 25 per cent to 30 per cent in 2008. But in most cases the impact on capital of events like Hurricanes Ike and Gustav “was small compared to realized and unrealized investment losses, on the order of one-thirteenth of investment losses.” Reinsurance pricing has generally remained firm, says the intermediary: “As we predicted, areas where reinsurers have higher accumulations, for example the U.S., Europe and Japan, have tended to see firmer pricing than geographies with lower accumulations.” According to one facultative reinsurance underwriter, “I think we are in transitional casualty market in Canada, it has not hardened yet, but is expected to be on the verge of hardening, if not later this year then in the first quarter of 2010. So, at the current time most accounts are being renewed with as-is terms and pricing, although there are still accounts seeing price and rate decreases typically in the 5 to 15 per cent range.The market remains competitive, particularly AIG, which seems to be protecting its business at all costs, and the London market is also very competitive.” M&As Only one deal had any real impact on the Canadian P&C market last year as Aon Corporation announced in August 2008 that it would acquire rival reinsurance intermediary Benfield Group Limited. Both companies have a significant Canadian presence. Under the agreement, Aon acquired Benfield for


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COVER STORY

Hitting the Wall $6.79 a share in cash and assumed $176.43 million of Benfield net debt. Aon later integrated the Benfield business into its reinsurance operations and has been operating the division globally under the brand “Aon Benfield.” In the courts In The Cases You Should Know About From 2008 (Claims Canada, February/ March 2009), Christopher R. Dunn, partner at Dutton Brock, LLP, performs a valuable service to the industry by providing a synopsis of the ten most important insurance-related cases to go through the courts in Canada last year. He notes that “While 2008 was somewhat less ‘busy’ in the Supreme Court of Canada for insurers than 2007, it was actually a very productive year at the provincial Appellate level, particularly in Ontario, where a number of major decisions dealing with issues ranging from the duty to defend to proximate cause under all-risk property policies were released.” Dunn’s Top Ten is comprised of: 1. Canadian National Railway Co. v. Royal and Sun Alliance Insurance Co. of Canada 2. Boliden Ltd. v. Liberty Mutual Insurance Co. 3. Gibbens v. Co-operators Life Insurance Co.

It is wrong to assume that the performance of the industry is preordained, as there is considerable scope to influence the cycle. As such, s insurers must ust be very mindful ful of their own effect ct on the marketplace place and on the status of the insurance ance cycle as, either er wittingly or unwittingly, wittingly, they may be contributing to the problem rather than an to the solution. Cutting utting rates during a soft-cycle, loosening underwriting standards, giving away free coverages, or allowing for free first accident fforgiveness iveness may all

Hardening Market Expected in 2009-10

1 - Loss Ratio (net)

0.45

59%LR 8 years

0.35

71%LR 71% LR

0.25

0.15

/5 1990

1992

1994

1996

1998

2008* Based on preliminary data Source: IBC FactBook

32 Canadian Underwriter Statistical Issue June 2009

2000

2002

2004

2006

2008*

4.

York Region Condominium Corp. No. 772 v. Lombard Canada Ltd. [2008] O. J. No. 1377, Ontario Court of Appeal 5. Caneast Foods Ltd. v. Lombard General Insurance Co. of Canada 6. Boland v. Allianz Insurance Co. of Canada 7. AXA Insurance (Canada) v. AniWall Concrete Forming Inc. 8. Hanis v.Teevan 9. Trisura Guarantee Insurance Co. v. Belmont Financial Group Inc. 10. ING Insurance Co. of Canada v. Harder Estate Though some of the cases involve lines of business written only by a relatively small number of Canadian carriers, such as directors and officers (case numbers two and six), group life and disability (case three) and professional liability (case nine), a number deal with all-risks property (cases one and five), commercial general liability (cases four, seven and eight) and auto (case 10). Four cases in particularly gained the writer’s attention. In the case of Caneast Foods Ltd. v. Lombard General Insurance Co. of Canada, involving an all-risks property policy, the pickle manufacturer sued its insurer seeking indemnification for a large amount of refrigerated product lost as a result of the August 14, 2003 blackout. According to Dunn, Lombard denied the claim, pointing to exclusions for ‘changes of temperature’ and ‘mechanical or electrical breakdown or derangement.’ The Ontario Court of Appeal ruled against Lombard, writes Dunn, noting that if the insurer “had intended to exclude blackouts from the policy, it would have been a simple matter to do so.” He continues “The court also rejected Lombard’s reliance on ‘changes of temperature.’ The power outage was the proximate cause of the loss and not a change of temperature.” In AXA Insurance (Canada) v. AniWall Concrete Forming Inc., a case involving commercial general liability coverage, builder Ani-Wall was sued for putting in substandard foundations using faulty concrete provided


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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. 57. 58. 59. 60. 61.

Intact ....................................................... 11.34 Aviva Canada Inc .................................... 8.74 Co-operators General ............................. 5.63 TD Insurance ........................................... 5.28 Economical Insurance Group.................. 5.19 RSA Canada Group................................. 4.82 State Farm Insurance Company ............. 4.68 Lloyd's Underwriters ............................... 4.54 Wawanesa Mutual Insurance .................. 4.50 AXA Canada-Group Of Companies ........ 4.48 Desjardins General .................................. 3.99 Northbridge Financial .............................. 3.02 The Dominion Of Canada........................ 2.92 Zurich ...................................................... 1.71 Chubb...................................................... 1.60 Allstate Insurance of Canada .................. 1.52 AIG Commercial Insurance ..................... 1.39 La Capitale Assurances .......................... 1.13 Ontario Mutual Insurance........................ 1.12 SGI Canada Group.................................. 0.99 RBC General ........................................... 0.91 Green Shield............................................ 0.83 Munich Re Canada Group ...................... 0.81 Guarantee Co Of North America............. 0.70 CNA Canada Group ................................ 0.66 Alberta Motor Association....................... 0.64 ACE INA .................................................. 0.60 Motors Insurance Corporation ................ 0.58 Gore Mutual............................................. 0.58 St. Paul Fire & Marine ............................. 0.58 Jevco ....................................................... 0.57 RBC Insurance ........................................ 0.56 FM Global................................................ 0.56 Triton........................................................ 0.46 GCAN ...................................................... 0.41 Farm Mutual Reinsurance Plan ............... 0.41 Travelers Guarantee ................................ 0.40 Swiss Reinsurance Group....................... 0.40 Echelon.................................................... 0.38 Portage La Prairie Mutual ....................... 0.37 Allianz Global Risks US........................... 0.36 First Canadian Title ................................. 0.35 CAA Insurance (Ontario).......................... 0.35 SSQ, Societe d'assurances .................... 0.34 Industrielle Alliance ................................. 0.33 Pembridge ............................................... 0.32 Peace Hills............................................... 0.31 American Home Assurance..................... 0.30 PartnerRe ................................................ 0.29 Liberty Mutual ......................................... 0.29 Kingsway General ................................... 0.28 Everest Reinsurance ............................... 0.28 Canadian Direct Insurance...................... 0.28 American Bankers of Florida................... 0.26 Hannover Ruckversicherung AG............. 0.26 XL Insurance ........................................... 0.26 L'Unique Assurances Generales............. 0.26 XL Re America Inc - Cdn Branch............ 0.25 Boiler Inspection & Insurance ................. 0.25 Promutuel Reassurance .......................... 0.25 Transatlantic Reinsurance ....................... 0.25

2008 N.P.W. 4,072,139,000 3,138,651,000 2,023,403,000 1,894,783,000 1,862,711,000 1,732,533,000 1,679,940,000 1,630,629,000 1,614,504,000 1,608,275,000 1,434,612,000 1,084,986,000 1,047,757,000 615,151,000 575,132,000 544,411,000 498,752,000 406,120,000 403,697,000 356,499,000 325,767,000 297,414,000 290,545,000 250,350,000 237,887,000 229,567,000 216,451,000 209,219,000 208,477,000 207,581,000 203,979,000 201,588,000 200,944,000 166,862,000 147,012,000 146,299,000 144,616,000 143,715,000 136,341,000 134,369,000 130,462,000 126,367,000 124,077,000 121,921,000 116,894,000 114,669,000 111,297,000 106,638,000 104,629,000 104,138,000 102,192,000 101,469,000 100,205,000 94,585,000 93,389,000 92,738,000 91,880,000 90,912,000 89,935,000 88,630,000 88,261,000

2007 N.P.W. 4,002,449,000 3,021,014,000 1,938,608,000 1,836,013,000 1,832,988,000 1,503,736,000 1,527,610,000 1,484,736,000 1,466,192,000 1,527,422,000 1,401,809,000 1,047,814,000 996,484,000 659,155,000 578,432,000 535,800,000 76,535,000 366,588,000 383,721,000 321,684,000 350,966,000 0 302,928,000 246,959,000 232,004,000 203,736,000 230,794,000 198,807,000 185,560,000 256,794,000 205,771,000 240,332,000 202,867,000 0 77,474,000 134,069,000 155,275,000 228,310,000 144,156,000 121,810,000 62,194,000 148,035,000 110,031,000 118,423,000 110,094,000 96,585,000 88,245,000 520,933,000 124,350,000 87,357,000 126,053,000 142,971,000 97,771,000 110,123,000 104,970,000 100,801,000 77,671,000 104,627,000 85,795,000 120,930,000 108,293,000

% Change 1.74 3.89 4.37 3.20 1.62 15.22 9.97 9.83 10.12 5.29 2.34 3.55 5.15 –6.68 –0.57 1.61 551.67 10.78 5.21 10.82 –7.18 0.00 –4.09 1.37 2.54 12.68 –6.21 5.24 12.35 –19.16 –0.87 –16.12 –0.95 0.00 89.76 9.12 –6.86 –37.05 –5.42 10.31 109.77 –14.64 12.77 2.95 6.18 18.72 26.12 –79.53 –15.86 19.21 –18.93 –29.03 2.49 –14.11 –11.03 –8.00 18.29 –13.11 4.83 –26.71 –18.50

(Continued On Page 38)

34 Canadian Underwriter Statistical Issue June 2009

by a third-party company. The insured filed claim with its insurer, AXA, which denied Ani-Wall’s claim based on “your product,” “your work” and rip and tear exclusions. Dunn notes that Ani-Wall

Efforts are underway at IBC to persuade decision-makers that the Ontario auto insurance product is in need of urgent nt reform. Over the last nine months, IBC C has met with more than 140 civil servants ants and elected officials als as part of the government relations and nd strategic communications ations efforts to reinforce that message. e. Of course, it is the results of these meetings, and not their ir quantity, that matter atter most. But this very ery extensive argued that provision of the concrete was sub-contracted, “bringing the loss within an exception to the ‘your work’ exclusion.” Dunn reports that the Ontario Court of Appeal found in favour of coverage because the term “subcontractor” was to be interpreted broadly; that is, “It could reasonably be said that Ani-Wall subcontracted its obligation to supply concrete to Dominion.” In Hanis v. Teevan, a case involving duty to defend under standard commercial general liability coverage, a professor who was fired from by the University of Western Ontario sued for wrongful dismissal, malicious prosecution and defamation. According to Dunn, “UWO tendered the action


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How The Private Companies Rank (Total Business) N.P.W. (Excluding Life & Purely A&S Companies) % Of Market 62. 63. 64. 65. 66. 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. 93. 94. 95. 96. 97. 98. 99. 100. 101. 102. 103. 104. 105. 106. 107. 108. 109. 110. 111. 112. 113. 114. 115. 116. 117. 118. 119. 120. 121. 122.

2007 N.P.W.

Scor Canada Reinsurance ...................... 0.24 87,396,000 York Fire & Casualty ................................ 0.22 77,677,000 Optimum General .................................... 0.21 76,947,000 Stewart Title Guaranty ............................ 0.21 74,142,000 Pafco ....................................................... 0.15 53,432,000 North Waterloo Farmers Mutual.............. 0.14 49,382,000 Affiliated FM ............................................ 0.14 49,064,000 Red River Valley Mutual .......................... 0.13 45,244,000 Great American ....................................... 0.12 43,877,000 Odyssey Amercia Re............................... 0.12 43,801,000 National Liability & Fire............................ 0.12 42,813,000 Paris Re ................................................... 0.11 40,779,000 Grain Insurance & Guarantee.................. 0.11 39,902,000 Caisse Centrale Re.................................. 0.11 39,553,000 General Reinsurance ............................... 0.10 37,070,000 Legacy General ....................................... 0.10 35,527,000 Saskatchewan Mutual ............................. 0.10 35,435,000 Lumbermen's Underwiting ...................... 0.10 34,232,000 Cumis General......................................... 0.09 33,097,000 Le Groupe Estrie-Richelieu ..................... 0.09 31,263,000 Old Republic Insurance of Cda............... 0.09 31,096,000 Ontario School Board.............................. 0.09 31,065,000 Tokio Marine & Nichido Fire .................... 0.08 29,364,000 Toa Reinsurance...................................... 0.08 27,420,000 SecuriCAN............................................... 0.07 26,647,000 Mitsui Sumitomo ..................................... 0.07 24,974,000 Co-operative Hail .................................... 0.07 24,894,000 Arch Insurance ........................................ 0.07 23,938,000 Trisura...................................................... 0.06 22,157,000 Euler Hermes American Credit................ 0.06 21,520,000 BCAA Insurance Corporation.................. 0.06 20,199,000 Hartford Fire ............................................ 0.05 16,526,000 Mutual Fire Insurance Co of BC ............. 0.04 15,163,000 Munich Re America................................. 0.04 14,844,000 MAPFRE .................................................. 0.04 12,830,000 PEI Mutual ............................................... 0.03 12,140,000 Western Surety ........................................ 0.03 10,688,000 American Agricultural .............................. 0.03 9,170,000 Pacific Coast Fishermen's ...................... 0.02 8,268,000 Virginia Surety ......................................... 0.02 8,210,000 White Mountains Reinsurance ................ 0.02 7,812,000 Chrysler Insurance .................................. 0.02 7,402,000 Mearie Group .......................................... 0.02 6,947,000 American Road Insurance....................... 0.02 6,853,000 Kings Mutual ........................................... 0.02 5,523,000 Mennonite Mutual Fire ............................ 0.02 5,488,000 Sompo Japan.......................................... 0.01 4,655,000 Antigonish Farmers' Mutual .................... 0.01 3,042,000 Pool Insurance ........................................ 0.01 2,814,000 Omega General ....................................... 0.01 2,269,000 Nipponkoa Insurance .............................. 0.00 1,407,000 Clare Mutual ............................................ 0.00 956,000 Alea Europe Ltd....................................... 0.00 124,000 Scor Reinsurance .................................... 0.00 117,000 T.H.E. Insurance ...................................... 0.00 50,000 Utica Mutual ............................................ 0.00 –4,000 Sorema North America Re ...................... 0.00 –14,000 Lumbermens Mutual Casualty ................ 0.00 –23,000 British Aviation ........................................ 0.00 –25,000 Eagle Star Insurance ............................... 0.00 –476,000 Terra Nova ............................................... –0.05 –19,500,000 TOTALS................................................... 35,916,119,000

36 Canadian Underwriter Statistical Issue June 2009

2006 N.P.W.

% Change

97,838,000 –10.67 43,468,000 78.70 76,108,000 1.10 0 0.00 79,875,000 –33.11 43,189,000 14.34 51,821,000 –5.32 41,578,000 8.82 0 0.00 49,177,000 –10.93 41,262,000 3.76 53,432,000 –23.68 37,795,000 5.57 40,393,000 –2.08 56,809,000 –34.75 37,380,000 –4.96 33,376,000 6.17 43,235,000 –20.82 28,148,000 17.58 30,840,000 1.37 36,773,000 –15.44 31,019,000 0.15 25,556,000 14.90 40,082,000 –31.59 21,111,000 26.22 25,625,000 –2.54 20,282,000 22.74 22,508,000 6.35 11,443,000 93.63 21,755,000 –1.08 19,344,000 4.42 17,707,000 –6.67 12,152,000 24.78 22,215,000 –33.18 11,695,000 9.71 11,585,000 4.79 10,307,000 3.70 11,058,000 –17.07 5,959,000 38.75 95,000 8,542.11 16,517,000 –52.70 7,993,000 –7.39 6,615,000 5.02 7,504,000 –8.68 5,289,000 4.42 4,922,000 11.50 5,216,000 –10.76 3,164,000 –3.86 2,334,000 20.57 575,000 294.61 1,370,000 2.70 959,000 –0.31 155,000 –20.00 219,000 –46.58 63,000 –20.63 7,000 –157.14 0 0.00 –145,000 –84.14 –13,000 92.31 –538,000 –11.52 32,000 –61,037.50 34,949,845,000

to its CGL carrier, Guardian. Guardian denied coverage for all claims.” The Ontario court of Appeal subsequently found in favour of coverage, ruling that “Guardian owed a duty to defend

for example the U.S., Europe and Japan, have tended to see firmer pricing than geographies with lower accumulations.” According to one facultative reinsurance underwriter, I think we are in transitional casualty market in Canada, it has not hardened yet, but is expected to be on the verge of hardening, if not later this year then inn the first quarter of 2010. 0. So, at the current time me most accounts are re being renewed withh as-is terms and pricing, ing, although there are re still accounts seeing the defamation claims even though the wrongful dismissal claims fell outside of coverage.” Guardian, notes Dunn, also appealed the trial judge’s ruling that it had to pay 95 per cent of the substantial defence costs incurred by UWO. Says Dunn: “The trial judge’s apportionment of costs was upheld by the Ontario Court of Appeal, which concluded that the language of the policy governed, and not principles of equity. The policy provided that Guardian would defend all covered claims, regardless of whether the defence of such claims would also assist in the defence of uncovered


p 18-39 Editorial(DTPTOTR1)

5/15/09

9:24 AM

Page 37

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p 18-39 Editorial(DTPTOTR1)

5/28/09

4:40 PM

Page 38

COVER STORY

Hitting the Wall for the resulting psychological injuries she suffered. Harder tendered the action with his auto insurer, ING, alleging the loss arose from the ‘ownership, use or operation’ of the truck.” The trial judge, who made his ruling before the groundbreaking Supreme Court decisions in Vytlingham and Herbison (See Slippery Slope, page 34, CU’s Statistical Issue 2007) found for Harder and, says Dunn, ING

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claims. There was nothing in the language of the policy that qualified Guardian’s defence obligation or suggested that it did not apply to so-called ‘mixed claims.’” In ING Insurance Co. of Canada v. Harder Estate, the sole automobile insurance related case of the ten, Dunn explains that the plaintiff “shot and killed his son in the cab of his truck. The boy’s mother sued Harder

successfully appealed. The Alberta Court of Appeal ruled “The Court of Appeal indicated the question was whether Harder’s actions were fairly within the risk created by his use or operation of the truck, or whether the use of the truck merely created an opportunity in time and space for the loss. Applying this test, the Court felt the elements of the loss did not meet the requirements for causation, as they did not show an unbroken causal chain connecting the operation of the truck to the shooting of the boy.” Conclusion In this very space last year, I concluded: “While the Canadian P&C segment had another strong financial year, there are clear signs of weakening in several lines. Claims costs are rising, and pricing is on the decline. On the upside, wordings and conditions appear – for the most part – to be holding up, at least for now.” Also, as I wrote of 2007, “the industry experienced no major mergers or acquisitions. Nor were there any large losses on the manmade or natural catastrophe side…given the potential flip-side, for yet another year there did prove to be at least a little rest for the weary.” But that rest appears to be over for now. The financial year in 2008 was not strong and there has, indeed, been weakening in several – if not most or all – lines. Claims costs have definitely risen and while declines in pricing have largely been halted, increases don’t appear to be coming quickly enough to staunch the bleeding in the near-term. And the disappointing, no, frustrating thing is that there will be those banging the drum about industry profits, arguing that the Canadian P&C industry made too much money in the $2.3 billion 2008 profit as noted by OSFI, while in the midst of the worst economic downturn in modern memory, the Big Five banks earned net income of $9.468 billion, which includes a $2 billion loss from CIBC. Some things never change.


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

40

2008 N.P.W.

% Market

2008 N.P.W.

1. Intact ..................................................

11.64

1,354,963,000

54. Le Groupe Estrie-Richelieu................

0.22

25,967,000

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

8.61

1,002,325,000

55. Odyssey Amercia Re .........................

0.22

25,911,000

3. Co-operators General ........................

6.37

741,783,000

56. Jevco .................................................

0.22

25,447,000

4. Lloyd's Underwriters ..........................

6.22

724,546,000

57. Pembridge .........................................

0.21

25,023,000

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

5.24

609,663,000

58. Great American..................................

0.21

24,830,000

6. Economical Insurance Group ............

5.06

589,179,000

59. Saskatchewan Mutual........................

0.21

24,501,000

7. AXA Canada-Group Of Companies...

4.84

563,080,000

60. General Reinsurance.........................

0.21

24,455,000

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

4.29

498,940,000

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

0.20

23,267,000

9. Desjardins General ............................

4.20

488,660,000

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

0.17

20,138,000

10. TD Insurance .....................................

3.77

438,735,000

63. CAA Insurance (Ontario) ...................

0.16

18,450,000

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

3.14

365,946,000

64. BCAA Insurance Corporation ............

0.15

17,884,000

12. Northbridge Financial.........................

2.64

307,813,000

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

0.15

17,792,000

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

2.62

305,296,000

66. Caisse Centrale Re............................

0.12

14,085,000

14. Chubb ................................................

2.21

256,778,000

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

0.12

13,623,000 13,586,000

15. Zurich.................................................

1.85

215,268,000

68. York Fire & Casualty..........................

0.12

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

1.84

213,993,000

69. RBC Insurance ..................................

0.12

13,455,000

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

1.44

167,381,000

70. American Home Assurance ...............

0.11

13,336,000

18. FM Global ..........................................

1.37

159,720,000

71. MAPFRE............................................

0.10

11,891,000

19. Allstate Insurance of Canada.............

1.26

146,893,000

72. Kingsway General..............................

0.10

11,614,000

20. La Capitale Assurances.....................

1.18

137,207,000

73. PEI Mutual .........................................

0.10

11,099,000

21. AIG Commercial Insurance................

1.10

127,508,000

74. Cumis General...................................

0.09

10,599,000

22. Munich Re Canada Group .................

1.08

125,328,000

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

0.09

10,034,000

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

0.77

89,872,000

76. Hartford Fire.......................................

0.08

9,460,000

24. Gore Mutual .......................................

0.76

88,443,000

77. Arch Insurance...................................

0.08

9,253,000

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

0.72

83,272,000

78. Ontario School Board ........................

0.08

9,014,000

26. PartnerRe ..........................................

0.63

73,482,000

79. XL Insurance......................................

0.07

8,483,000

27. Guarantee Co Of North America .......

0.58

67,532,000

80. American Agricultural.........................

0.07

8,104,000

28. St. Paul Fire & Marine........................

0.57

65,917,000

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

0.07

7,953,000

29. Scor Canada Reinsurance.................

0.55

64,092,000

82. Toa Reinsurance ...............................

0.07

7,693,000

30. RBC General .....................................

0.54

62,681,000

83. Echelon..............................................

0.07

7,652,000

31. Promutuel Reassurance ....................

0.52

60,428,000

84. White Mountains Reinsurance...........

0.05

5,903,000

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

0.51

59,054,000

85. Boiler Inspection & Insurance ............

0.05

5,800,000

33. Peace Hills.........................................

0.50

57,776,000

86. American Bankers of Florida .............

0.05

5,471,000

34. Triton..................................................

0.48

56,059,000

87. Kings Mutual ......................................

0.04

5,033,000

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

0.46

53,783,000

88. Mennonite Mutual Fire .......................

0.04

4,949,000

36. Transatlantic Reinsurance .................

0.43

50,125,000

89. Munich Re America ...........................

0.04

4,507,000

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

0.42

49,345,000

90. Old Republic Insurance of Cda..........

0.02

2,827,000

38. GCAN ................................................

0.40

47,021,000

91. Pool Insurance...................................

0.02

2,814,000

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

0.40

46,687,000

92. Antigonish Farmers' Mutual ...............

0.02

2,813,000

40. CNA Canada Group...........................

0.40

46,423,000

93. Sompo Japan.....................................

0.01

1,524,000

41. Affiliated FM.......................................

0.40

46,268,000

94. Clare Mutual ......................................

0.01

875,000

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

0.38

43,816,000

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

0.01

803,000

0.00

522,000

43. Red River Valley Mutual ....................

0.37

43,300,000

96. Nipponkoa Insurance.........................

44. Industrielle Alliance............................

0.35

41,240,000

97. Omega General .................................

0.00

379,000

45. Optimum General ..............................

0.35

41,098,000

98. Mearie Group.....................................

0.00

186,000

46. SSQ, Societe d'assurances ...............

0.35

40,863,000

99. Alea Europe Ltd. ................................

0.00

33,000

47. Everest Reinsurance .........................

0.30

34,364,000

100. Scor Reinsurance ..............................

0.00

22,000

48. Lumbermen's Underwiting .................

0.29

34,232,000

101. Trisura................................................

0.00

9,000

49. Grain Insurance & Guarantee............

0.27

30,859,000

102. Travelers Guarantee..........................

0.00

2,000

50. L'Unique Assurances Generales .......

0.26

30,432,000

103. Chrysler Insurance.............................

0.00

–8,000

51. XL Re America Inc - Cdn Branch.......

0.26

30,253,000

104. Paris Re .............................................

–0.01

–1,304,000

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

0.23

27,142,000

105. Terra Nova.........................................

–0.01

53. SecuriCAN .........................................

0.23

26,647,000

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

–1,344,000 11,639,926,000

canadianunderwriter.ca CANADIAN UNDERWRITER STATISTICAL ISSUE 2009


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WWWSERVICEMASTERCA


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

42

2008 N.P.W.

% Market

2008 N.P.W.

1. Intact ................................................

13.90

2,392,497,000

46. Everest Reinsurance .......................

0.12

21,348,000

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

10.02

1,725,436,000

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

0.11

19,051,000

3. TD Insurance ...................................

8.42

1,449,204,000

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

0.09

16,041,000

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

7.35

1,265,201,000

49. Lloyd's Underwriters ........................

0.09

15,407,000

5. Economical Insurance Group ..........

6.49

1,117,522,000

50. Liberty Mutual ..................................

0.09

14,965,000

6. Co-operators General ......................

6.33

1,089,199,000

51. Cumis General .................................

0.08

13,887,000

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

5.66

974,645,000

52. Hannover Ruckversicherung AG .....

0.08

13,829,000

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

5.62

967,158,000

53. CNA Canada Group.........................

0.08

13,827,000

9. Desjardins General ..........................

5.39

928,079,000

54. Transatlantic Reinsurance ...............

0.07

12,459,000

10. AXA Canada-Group Of Companies .

4.22

726,395,000

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

0.07

12,385,000

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

3.83

660,004,000

56. Scor Canada Reinsurance...............

0.06

9,839,000

12. Northbridge Financial.......................

2.97

510,833,000

57. Toa Reinsurance .............................

0.05

8,189,000

13. Allstate Insurance of Canada...........

2.31

397,518,000

58. Chrysler Insurance...........................

0.04

7,294,000

14. RBC General ...................................

1.50

258,884,000

59. RBC Insurance ................................

0.04

7,245,000

15. La Capitale Assurances ...................

1.47

253,043,000

60. American Home Assurance .............

0.04

6,903,000

16. Zurich ...............................................

1.12

192,291,000

61. American Road Insurance ...............

0.04

6,853,000

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

1.04

179,226,000

62. Saskatchewan Mutual......................

0.04

6,544,000

18. Jevco ...............................................

0.94

161,449,000

63. General Reinsurance .......................

0.03

5,977,000

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

0.89

153,836,000

64. Caisse Centrale Re..........................

0.03

5,871,000

20. Gore Mutual .....................................

0.60

103,933,000

65. Odyssey Amercia Re .......................

0.03

5,711,000

21. Echelon ............................................

0.58

100,561,000

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

0.03

5,296,000

22. CAA Insurance (Ontario) .................

0.55

95,040,000

67. PartnerRe ........................................

0.03

4,313,000

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

0.53

90,773,000

68. Mitsui Sumitomo ..............................

0.02

4,232,000

24. Pembridge .......................................

0.52

89,646,000

69. GCAN ..............................................

0.02

4,218,000

25. Kingsway General............................

0.50

85,954,000

70. Munich Re America .........................

0.02

4,030,000

26. SSQ, Societe d'assurances .............

0.47

81,058,000

71. XL Re America Inc - Cdn Branch.....

0.02

3,417,000

27. Guarantee Co Of North America .....

0.46

78,778,000

72. White Mountains Reinsurance.........

0.01

1,384,000

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

0.44

75,972,000

73. Ontario School Board ......................

0.01

1,241,000

29. Industrielle Alliance ..........................

0.43

74,492,000

74. Hartford Fire.....................................

0.01

1,168,000

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

0.41

70,020,000

75. Le Groupe Estrie-Richelieu..............

0.01

893,000

31. York Fire & Casualty ........................

0.36

61,607,000

76. Sompo Japan...................................

0.00

756,000

32. Chubb ..............................................

0.35

60,912,000

77. Arch Insurance.................................

0.00

588,000

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

0.34

58,047,000

78. BCAA Insurance Corporation ..........

0.00

460,000

34. Peace Hills .......................................

0.31

53,521,000

79. Nipponkoa Insurance .......................

0.00

356,000

35. Pafco................................................

0.31

53,432,000

80. Mearie Group ...................................

0.00

303,000

36. L'Unique Assurances Generales .....

0.29

49,653,000

81. American Agricultural.......................

0.00

160,000

37. ACE INA ..........................................

0.27

46,602,000

82. Mennonite Mutual Fire .....................

0.00

150,000

38. St. Paul Fire & Marine......................

0.24

41,106,000

83. XL Insurance....................................

0.00

114,000

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

0.21

36,845,000

84. Alea Europe Ltd. ..............................

0.00

88,000

40. Munich Re Canada Group ...............

0.17

28,488,000

85. Scor Reinsurance ............................

0.00

76,000

41. AIG Commercial Insurance..............

0.15

25,039,000

86. T.H.E. Insurance ..............................

0.00

8,000

42. Promutuel Reassurance ..................

0.14

24,156,000

87. Lumbermens Mutual Casualty .........

0.00

1,000

43. Optimum General ............................

0.14

23,958,000

88. Sorema North America Re...............

0.00

–2,000

44. Old Republic Insurance of Cda........

0.14

23,955,000

89. Terra Nova .......................................

–0.03

–4,318,000

45. Paris Re ...........................................

0.14

23,565,000

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

17,212,090,000

canadianunderwriter.ca CANADIAN UNDERWRITER STATISTICAL ISSUE 2009


p 42-43 RANK-Auto(DTPAUTR1).chp

5/15/09

9:27 AM

Page 43

Graduates

in Lean.

What a couple of PPG’s 600 graduates have to say.

“We’re seeing decreases in our cycle time, increases in quality, and therefore, increased customer satisfaction—which has been huge for our success.” Craig Moe Car West Auto Body Dublin, CA

“We saw an 11% gain in our net profit in the first 9 months. There’s also drastic improvement in cycle times from going lean and implementing the things we’ve learned.” Joe Little Body Beautiful Aurora, CO

PPG’S MVP GREEN BELT THROUGHPUT PERFORMANCE TRAINING. 4 days of intensive training to provide your shop the competitive edge in quality, speed and cost. Interested? Call the MVP hotline today at 866-237-8178 or email MVPmailbox@ppg.com for details on the next course scheduled near you. We’re all about achieving Maximum Velocity Performance

World Leaders In Automotive Finishes ©2009 PPG Industries. All rights reserved. www.ppgrefinish.com


44

Desjardins General ................................... Northbridge Financial ................................

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

Chubb ....................................................... Allstate Insurance of Canada ....................

AIG Commercial Insurance ....................... La Capitale Assurances ............................

Ontario Mutual Insurance.......................... SGI Canada Group ...................................

RBC General............................................. Green Shield .............................................

Guarantee Co Of North America............... CNA Canada Group ..................................

Alberta Motor Association ......................... ACE INA....................................................

Motors Insurance Corporation .................. Gore Mutual ..............................................

St. Paul Fire & Marine ............................... Jevco.........................................................

RBC Insurance.......................................... FM Global .................................................

Triton ......................................................... GCAN........................................................

13. 14.

15. 16.

17. 18.

19. 20.

21. 22.

23. 24.

25. 26.

27. 28.

29. 30.

31. 32.

33. 34.

State Farm Insurance Company ............... Lloyd's Underwriters..................................

7. 8.

11. 12.

Economical Insurance Group.................... RSA Canada Group ..................................

5. 6.

166,862,000 147,012,000

201,588,000 200,944,000

207,581,000 203,979,000

209,219,000 208,477,000

229,567,000 216,451,000

250,350,000 237,887,000

325,767,000 297,414,000

403,697,000 356,499,000

498,752,000 406,120,000

575,132,000 544,411,000

1,047,757,000 615,151,000

1,434,612,000 1,084,986,000

1,614,504,000 1,608,275,000

1,679,940,000 1,630,629,000

1,862,711,000 1,732,533,000

2,023,403,000 1,894,783,000

25,755,000 114,202,000

202,444,000 202,709,000

230,010,000 203,920,000

209,054,000 193,764,000

218,607,000 220,740,000

246,625,000 229,435,000

310,425,000 297,414,000

392,418,000 338,595,000

161,434,000 376,047,000

580,674,000 540,442,000

1,023,257,000 611,182,000

1,425,727,000 1,077,987,000

1,561,358,000 1,533,646,000

1,630,706,000 1,630,629,000

1,844,800,000 1,693,620,000

1,980,161,000 1,856,462,000

4,039,436,000 3,039,748,000

4,749,000 55,747,000

70,471,000 240,809,000

168,182,000 143,886,000

136,478,000 131,239,000

158,165,000 138,202,000

147,033,000 148,735,000

228,750,000 242,038,000

294,673,000 183,532,000

24,982,000 260,904,000

352,012,000 397,776,000

768,579,000 407,858,000

1,055,943,000 860,719,000

1,243,275,000 935,436,000

1,569,393,000 824,946,000

1,501,949,000 1,181,151,000

1,456,593,000 1,446,334,000

2,806,289,000 2,074,165,000

Net Net Claims & Adjusting Expenses $

canadianunderwriter.ca CANADIAN UNDERWRITER STATISTICAL ISSUE 2009 6,434,000 10,129,000

73,088,000 –5,119,000

37,730,000 41,708,000

14,948,000 37,420,000

24,460,000 19,114,000

51,116,000 49,000,000

0 12,433,000

75,081,000 71,429,000

11,909,000 11,121,000

79,660,000 45,752,000

172,813,000 65,160,000

41,345,000 125,263,000

247,932,000 259,188,000

190,373,000 389,542,000

346,058,000 224,785,000

292,352,000 203,075,000

636,153,000 576,903,000

Commissions $

(Continued On Page 46)

18.44 48.81

34.81 118.80

73.12 70.56

65.28 67.73

72.35 62.61

59.62 64.83

73.69 81.38

75.09 54.20

15.48 69.38

60.62 73.60

75.11 66.73

74.06 79.85

79.63 60.99

96.24 50.59

81.42 69.74

73.56 77.91

69.47 68.23

Earned Loss Ratio %

945,000 6,817,000

4,510,000 10,545,000

8,415,000 4,118,000

6,432,000 6,924,000

6,898,000 10,831,000

6,968,000 7,646,000

9,301,000 5,049,000

1,114,000 16,143,000

25,029,000 13,300,000

21,395,000 17,181,000

34,780,000 30,014,000

47,736,000 46,048,000

51,032,000 56,087,000

52,927,000 40,460,000

63,285,000 57,889,000

73,293,000 59,183,000

140,430,000 104,939,000

Taxes $

6,485,000 20,799,000

28,239,000 36,251,000

24,702,000 19,369,000

16,037,000 23,307,000

23,724,000 21,699,000

32,679,000 20,988,000

61,212,000 19,895,000

69,634,000 44,689,000

17,155,000 70,699,000

81,300,000 122,926,000

110,966,000 80,022,000

249,076,000 145,242,000

120,581,000 188,202,000

171,866,000 5,877,000

143,939,000 210,215,000

280,003,000 143,615,000

389,590,000 363,104,000

General Expenses $

53.83 33.05

52.28 20.56

30.80 31.97

17.90 34.91

25.20 23.40

36.80 33.84

22.71 12.57

37.16 39.06

33.51 25.29

31.40 34.39

31.13 28.67

23.72 29.37

26.87 32.83

25.46 26.73

29.99 29.10

32.61 21.86

28.87 34.38

Total Expense Ratio %

72.27 81.86

87.09 139.36

103.92 102.53

83.18 102.64

97.55 86.01

96.42 98.67

96.40 93.95

112.25 93.26

48.99 94.67

92.02 107.99

106.24 95.40

97.78 109.22

106.50 93.82

121.70 77.32

111.41 98.84

106.17 99.77

98.34 102.61

Combined Loss & Exp. Ratio %

7,142,000 20,710,000

26,136,000 –79,777,000

–9,019,000 –5,161,000

38,321,000 –2,461,000

11,245,000 30,894,000

8,831,000 3,066,000

9,862,000 13,377,000

–44,401,000 22,798,000

82,359,000 19,131,000

46,307,000 –63,047,000

–50,749,000 31,687,000

31,627,000 –81,933,000

–84,406,000 94,733,000

–348,769,000 369,804,000

–210,431,000 19,580,000

–122,080,000 4,555,000

66,974,000 –79,363,000

Undrwtg. Profit or Loss $

3,643,000 7,756,000

7,880,000 32,977,000

50,883,000 –7,934,000

30,899,000 6,957,000

12,252,000 33,303,000

30,321,000 28,063,000

11,385,000 –2,139,000

12,925,001 22,701,000

18,568,000 12,688,000

82,908,000 9,742,000

56,564,000 82,808,000

24,315,000 153,478,000

83,464,000 8,320,000

195,137,000 185,924,000

83,153,000 173,304,000

200,050,000 174,274,000

16,975,000 433,667,000

Inv. Income $

5.46 10.51

15.10 8.04

5.92 –6.41

5.60 2.19

17.77 11.96

7.76 8.54

7.09 6.95

–3.71 23.43

13.03 11.04

12.03 –8.49

–0.59 13.60

8.50 2.73

1.04 6.61

–4.60 44.44

–8.40 8.60

5.46 14.88

4.48 20.19

Return on Equity %

9:29 AM

Wawanesa Mutual Insurance.................... AXA Canada-Group Of Companies ..........

Co-operators General ............................... TD Insurance ............................................

3. 4.

4,072,139,000 3,138,651,000

Premiums Earned 100% Basis $

GENERAL COMPANIES (PRIVATE SECTOR) RESULTS (from figures supplied by the companies for 2008 business transacted in Canada)

5/15/09

9. 10.

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

1. 2.

Net Premiums Written $

UNDERWRITING RESULTS

p 44,46,47 Undrwrt Res(DTPGENR3)

Page 44


p 44,46,47 Undrwrt Res(DTPGENR3)

5/15/09

9:30 AM

Page 45

STRONG FOUNDATION. BRIGHT FUTURE. Built on a solid foundation of excellence and expertise, Crawford & Company (Canada) Inc. continues to develop new technologies, processes and workflows focused on our clients that keep us on the cutting edge of the industry. Contact us today at info@crawco.ca.

1941 Crawford & Company founded

1987 1997 1999 2000 Healthcare CLAIMSALERT® CMS Claims Class Action Management Contact Centre Management Services introduced Services System™ formed established launched

www.crawfordandcompany.ca

Crawford & Company (Canada) Inc. is an equal opportunity employer

2005 CMS begins global rollout

2008 KMC On Demand e-learning created


46

Travelers Guarantee ................................. Echelon .....................................................

Portage La Prairie Mutual ......................... Allianz Global Risks US ............................

First Canadian Title ................................... CAA Insurance (Ontario)...........................

SSQ, Societe d'assurances ...................... Industrielle Alliance ...................................

Pembridge................................................. Peace Hills ................................................

American Home Assurance ...................... Liberty Mutual ...........................................

Kingsway General ..................................... Canadian Direct Insurance .......................

American Bankers of Florida..................... XL Insurance .............................................

L'Unique Assurances Generales............... Boiler Inspection & Insurance ...................

York Fire & Casualty ................................. Optimum General......................................

Stewart Title Guaranty .............................. Pafco .........................................................

North Waterloo Farmers Mutual................ Affiliated FM ..............................................

Red River Valley Mutual ........................... Great American .........................................

National Liability & Fire ............................. Grain Insurance & Guarantee ...................

Legacy General......................................... Saskatchewan Mutual ...............................

Lumbermen's Underwiting ........................ Cumis General ..........................................

Le Groupe Estrie-Richelieu ....................... Old Republic Insurance of Cda .................

Ontario School Board................................ Tokio Marine & Nichido Fire......................

SecuriCAN ................................................ Mitsui Sumitomo .......................................

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.

65. 66.

67. 68.

69. 70.

71. 72.

26,647,000 24,974,000

31,065,000 29,364,000

31,263,000 31,096,000

34,232,000 33,097,000

35,527,000 35,435,000

42,813,000 39,902,000

45,244,000 43,877,000

49,382,000 49,064,000

74,142,000 53,432,000

77,677,000 76,947,000

91,880,000 89,935,000

94,585,000 92,738,000

26,684,000 26,159,000

31,885,000 27,784,000

30,733,000 32,251,000

30,397,000 30,685,000

37,485,000 34,521,000

45,060,000 39,651,000

43,001,000 44,746,000

46,261,000 47,549,000

74,142,000 59,082,000

50,735,000 76,741,000

77,863,000 87,581,000

91,059,000 86,417,000

109,083,000 97,943,000

423,615,000 86,010,000

15,260,000 19,523,000

36,679,000 20,179,000

20,332,000 21,153,000

15,902,000 15,865,000

4,160,000 19,742,000

30,605,000 18,653,000

22,333,000 26,947,000

34,020,000 56,220,000

27,774,000 29,108,000

56,041,000 39,886,000

44,895,000 24,071,000

16,138,000 49,341,000

103,196,000 65,462,000

236,341,000 54,869,000

83,811,000 67,081,000

85,540,000 83,243,000

38,274,000 94,522,000

79,728,000 40,293,000

44,247,000 94,462,000

Net Net Claims & Adjusting Expenses $

57.19 74.63

115.04 72.63

66.16 65.59

52.31 51.70

11.10 57.19

67.92 47.04

51.94 60.22

73.54 118.24

37.46 49.27

110.46 51.97

57.66 27.48

17.72 57.10

94.60 66.84

55.79 63.79

78.99 66.25

73.76 73.06

30.29 80.39

62.39 50.40

31.25 66.59

Earned Loss Ratio %

402,000 3,157,000

0 3,949,000

6,954,000 6,518,000

–615,000 2,962,000

4,203,000 7,190,000

2,615,000 8,642,000

11,156,000 16,436,000

10,227,000 –2,164,000

0 8,521,000

7,946,000 13,624,000

15,237,000 24,183,000

24,900,000 8,949,000

9,493,000 488,000

14,357,000 1,333,000

16,812,000 16,723,000

–167,000 3,409,000

422,000 2,798,000

22,500,000 –6,044,000

25,155,000 26,397,000

Commissions $

1,418,000 935,000

1,003,000 736,000

0 1,565,000

1,817,000 1,245,000

823,000 1,533,000

547,000 2,013,000

2,139,000 2,397,000

1,980,000 3,239,000

2,368,000 1,978,000

3,323,000 3,241,000

2,763,000 1,567,000

10,898,000 3,536,000

10,575,000 4,091,000

6,633,000 4,533,000

3,581,000 4,658,000

3,988,000 4,262,000

4,096,000 3,693,000

5,209,000 6,768,000

6,161,000 4,401,000

Taxes $

9,536,000 3,019,000

1,916,000 4,809,000

3,863,000 3,982,000

14,577,000 5,017,000

17,952,000 5,365,000

1,237,000 6,271,000

4,600,000 5,982,000

6,239,000 9,045,000

39,129,000 10,066,000

23,591,000 20,768,000

14,043,000 20,239,000

33,687,000 14,647,000

51,393,000 22,831,000

39,917,000 22,087,000

16,800,000 17,698,000

30,041,000 21,572,000

68,199,000 38,637,000

17,489,000 11,125,000

27,140,000 17,956,000

General Expenses $

42.56 27.18

9.15 34.17

35.20 37.41

51.91 30.06

61.30 40.81

9.76 42.69

41.62 55.46

39.87 21.28

55.97 34.81

68.71 49.04

41.15 52.51

76.31 31.40

65.51 27.99

14.38 32.50

35.05 38.59

29.20 25.67

57.54 38.38

35.37 14.82

41.29 34.37

Total Expense Ratio %

99.75 101.81

124.19 106.80

101.36 103.00

104.22 81.76

72.40 98.00

77.68 89.73

93.56 115.68

113.41 139.52

93.43 84.08

179.17 101.01

98.81 79.99

94.03 88.50

160.11 94.83

70.17 96.29

114.04 104.84

102.96 98.73

87.83 118.77

97.76 65.22

72.54 100.96

Combined Loss & Exp. Ratio %

1,284,000 –475,000

–7,713,000 –1,889,000

–416,000 –967,000

–1,518,000 3,732,000

10,347,000 954,000

10,056,000 4,072,000

3,243,000 –10,319,000

–5,478,000 –18,799,000

4,969,000 11,067,000

–37,833,000 –778,000

2,889,000 17,521,000

5,436,000 9,971,000

–41,874,000 6,448,000

126,367,000 3,198,000

–12,461,000 –3,014,000

–3,434,000 1,447,000

15,611,000 –19,908,000

5,015,000 27,798,000

41,689,000 827,000

Undrwtg. Profit or Loss $

497,000 3,238,000

5,912,000 2,722,000

2,289,000 5,021,000

2,080,000 2,843,000

1,306,000 1,799,000

7,324,000 3,073,000

2,233,000 11,768,000

823,000 6,969,000

4,047,000 8,248,000

1,078,000 8,769,000

3,362,000 3,485,000

10,707,000 12,095,000

–10,260,000 5,251,000

–5,783,000 32,627,000

4,859,000 –1,461,000

2,308,000 2,404,000

5,414,000 10,999,000

10,547,000 7,210,000

20,169,000 6,003,000

Inv. Income $

12.89 26.94

–4.37 2.71

2.93 5.64

1.16 17.38

23.64 7.56

11.71 17.37

9.43 8.08

–6.29 6.28

951.15 20.73

–53.66 11.38

10.76 18.64

9.53 9.48

–30.79 18.82

819.14 2.74

–2.88 –7.16

–1.41 11.14

19.64 –8.25

11.01 21.03

16.55 7.56

Return on Equity %

9:31 AM

102,192,000 100,205,000

106,638,000 104,138,000

106,105,000 101,261,000

115,968,000 113,933,000

126,367,000 117,576,000

127,791,000 79,940,000

141,586,000 141,859,000

Premiums Earned 100% Basis $

(from figures supplied by the companies for 2008 business transacted in Canada)

GENERAL COMPANIES (PRIVATE SECTOR) RESULTS

5/15/09

114,669,000 111,297,000

121,921,000 116,894,000

126,367,000 124,077,000

134,369,000 130,462,000

144,616,000 136,341,000

Net Premiums Written $

UNDERWRITING RESULTS

(Continued From Page 44)

p 44,46,47 Undrwrt Res(DTPGENR3)

Page 46

canadianunderwriter.ca CANADIAN UNDERWRITER STATISTICAL ISSUE 2009


CANADIAN UNDERWRITER STATISTICAL ISSUE 2009

Western Surety ......................................... Pacific Coast Fishermen's.........................

Virginia Surety........................................... Chrysler Insurance ....................................

Mearie Group ............................................ American Road Insurance ........................

Kings Mutual ............................................. Mennonite Mutual Fire ..............................

Sompo Japan ............................................ Antigonish Farmers' Mutual ......................

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

Clare Mutual.............................................. Everest Insurance Of Canada...................

Employers Insurance Of Wausau ............. ICAROM PLC............................................

Pearl Assurance PLC................................ Hanover Insurance....................................

Centennial Insurance ................................ Security Ins Co of Hartford........................

Providence Washington ............................ TIG Insurance ...........................................

Utica Mutual .............................................. Lumbermens Mutual Casualty ..................

British Aviation .......................................... Eagle Star Insurance ................................

81. 82.

83. 84.

85. 86.

87. 88.

89. 90.

91. 92.

93. 94.

95. 96.

97. 98.

99. 100.

101. 102.

103. 104.

105. 106.

–4,000 –23,000

0 0

0 0

0 0

0 0

956,000 0

2,814,000 2,269,000

4,655,000 3,042,000

5,523,000 5,488,000

6,947,000 6,853,000

8,210,000 7,402,000

10,688,000 8,268,000

15,163,000 12,140,000

–4,000 –23,000

0 0

0 10,000

0 0

0 0

939,000 0

2,732,000 1,697,000

4,951,000 3,067,000

5,405,000 5,201,000

6,947,000 6,853,000

384,000 7,437,000

10,618,000 6,279,000

13,004,000 11,728,000

19,586,000 16,351,000

33,517,301,000

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

79. 80.

20,199,000 16,526,000

15,720,000 20,586,000

TOTALS.................................................... 34,465,411,000

BCAA Insurance Corporation.................... Hartford Fire ..............................................

77. 78.

22,157,000 21,520,000

24,894,000 22,498,000

0.00 0.00

0.00 0.00

48.14 0.00

13.65 31.53

26.14 48.35

63.79 58.41

24.74 60.35

46.61 109.95

11.27 5.72

42.18 73.93

47.94 108.36

28.12 112.56

92.26 64.76

Earned Loss Ratio %

23,633,945,000

–58,000 –747,000

–38,000 –609,000

0 –115,000

70.51

232.00 156.93

950.00 2,647.83

0.00 0.00

–206,000 0.00 5,900,000 59,000.00

18,000 1,000

93,000 33,000

452,000 4,000

373,000 535,000

1,294,000 1,483,000

3,448,000 3,038,000

1,719,000 4,136,000

179,000 8,177,000

1,197,000 359,000

5,485,000 8,670,000

9,389,000 17,718,000

4,420,000 23,172,000

22,966,000 14,570,000

Net Net Claims & Adjusting Expenses $

4,764,790,000

0 –7,000

0 –13,000

0 0

0 0

0 0

0 0

–40,000 0

–243,000 368,000

724,000 616,000

1,281,000 193,000

0 0

–11,000 166,000

6,136,000 0

2,456,000 1,665,000

–10,106,000 280,000

3,257,000 3,097,000

534,000 –2,586,000

Commissions $

1,184,569,000

0 6,000

0 0

0 0

3,000 0

0 0

1,000 0

43,000 0

287,000 101,000

145,000 182,000

127,000 123,000

296,000 261,000

2,000 306,000

395,000 0

1,000 149,000

3,331,000 810,000

700,000 1,156,000

1,502,000 1,265,000

Taxes $

4,103,885,000

178,000 221,000

178,000 253,000

109,000 303,000

276,000 334,000

60,000 90,000

113,000 89,000

589,000 131,000

215,000 1,656,000

1,007,000 949,000

2,395,000 1,553,000

1,895,000 618,000

286,000 177,000

1,512,000 1,035,000

2,210,000 2,560,000

15,330,000 2,703,000

7,661,000 1,422,000

1,671,000 7,554,000

General Expenses $

29.99

–712.00 –46.22

–4,450.00 –1,043.48

0.00 0.00

0.00 3,340.00

0.00 0.00

0.00 0.00

63.05 0.00

9.48 125.22

37.89 56.96

70.36 35.94

31.54 12.83

72.14 8.73

75.75 16.48

35.89 37.30

43.68 23.20

73.91 27.57

14.89 27.70

Total Expense Ratio %

100.50

–480.00 110.71

–3,500.00 1,604.35

0.00 0.00

0.00 62,340.00

0.00 0.00

0.00 0.00

111.19 0.00

23.13 156.75

64.03 105.31

134.15 94.35

56.28 73.18

118.75 118.68

87.02 22.20

78.07 111.23

91.62 131.56

102.03 140.13

107.15 92.46

Combined Loss & Exp. Ratio %

–82,496,000

–145,000 51,000

–144,000 346,000

–109,000 –188,000

–73,000 –6,224,000

–78,000 –91,000

–207,000 –122,000

–105,000 –135,000

–131,000 –963,000

1,781,000 –143,000

–1,822,000 365,000

3,115,000 1,838,000

54,000 –1,389,000

1,378,000 4,695,000

2,882,000 –1,316,000

2,918,000 –5,160,000

188,000 –8,085,000

–1,779,000 1,695,000

Undrwtg. Profit or Loss $

2,518,973,001

94,000 601,000

261,000 707,000

38,000 1,638,000

666,000 3,471,000

52,000 96,000

1,509,000 101,000

153,000 93,000

131,000 373,000

1,367,000 649,000

1,222,000 230,000

1,730,000 721,000

915,000 715,000

–551,000 397,000

1,018,000 2,279,000

1,625,000 12,394,000

–750,000 2,004,000

1,172,000 2,666,000

Inv. Income $

–11.29 3.57

2.93 12.79

2.60 5.50

5.36 1.33

1.81 0.15

4.64 0.72

3.02 –1.08

0.00 –4.44

7.02 8.62

–1.15 18.00

15.60 9.75

2.76 3.87

4.90 80.31

18.51 2.54

16.59 3.20

–1.37 –6.37

–6.42 0.00

Return on Equity %

9:32 AM

–25,000 –476,000

Trisura ....................................................... Euler Hermes American Credit .................

75. 76.

24,894,000 23,938,000

Premiums Earned 100% Basis $

GENERAL COMPANIES (PRIVATE SECTOR) RESULTS (from figures supplied by the companies for 2008 business transacted in Canada)

5/15/09

–25,000 –476,000

Co-operative Hail ...................................... Arch Insurance ..........................................

73. 74.

Net Premiums Written $

UNDERWRITING RESULTS

p 44,46,47 Undrwrt Res(DTPGENR3)

Page 47

47


48

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

Co-operators General ............................... Economical Insurance Group....................

TD Insurance ............................................ RSA Canada Group ..................................

AXA Canada-Group Of Companies .......... State Farm Insurance Company ...............

Wawanesa Mutual Insurance.................... Desjardins General ...................................

Lloyd's Underwriters.................................. Northbridge Financial................................

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

AIG Commercial Insurance....................... Chubb .......................................................

Allstate Insurance of Canada.................... Ontario Mutual Insurance..........................

La Capitale Assurances ............................ SGI Canada Group ...................................

American Bankers of Florida..................... RBC General.............................................

ACE INA.................................................... Kingsway General.....................................

Green Shield ............................................. Guarantee Co Of North America...............

American Home Assurance ...................... CNA Canada Group..................................

FM Global ................................................. St. Paul Fire & Marine...............................

Alberta Motor Association ......................... Gore Mutual ..............................................

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

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.

Company

218,943,000 210,946,000

238,557,000 223,511,000

243,880,000 242,896,000

264,659,000 255,497,000

297,963,000 294,088,000

318,486,000 317,725,000

354,957,000 325,474,000

415,816,000 383,875,000

544,333,000 499,863,000

766,267,000 634,652,000

1,091,092,000 863,865,000

1,232,000 1,310,000

0 24,000

5,203,000 1,694,000

1,894,000 1,189,000

2,763,000 1,858,000

2,641,000 1,773,000

3,929,000 1,222,000

0 5,000

0 0

10,082,000 1,044,000

35,751,000 4,419,000

13,084,000 23,204,000

0 3,160,000

237,000 336,000

0 0

896,000 768,000

1,193,000 415,000

277,000 419,000

1,300,000 57,000

1,158,000 3,250,000

0 9,253,000

0 0

1,404,000 500,000

14,162,000 1,118,000

3,773,000 4,647,000

5,775,000 4,750,000

209,000 0

4,457,000 8,248,000

18,082,000 3,855,000

8,429,000 14,731,000

P.E.I. $

2,090,000 3,801,000

0 0

4,651,000 4,519,000

4,854,000 1,852,000

3,592,000 4,236,000

5,778,000 2,665,000

7,301,000 9,178,000

0 2,204,000

11,108,000 0

11,002,000 3,200,000

50,302,000 10,392,000

17,750,000 31,441,000

55,791,000 28,335,000

16,634,000 0

49,648,000 113,007,000

58,858,000 66,573,000

130,573,000 97,652,000

N.S. $

29,466,000 44,255,000

0 0

51,152,000 37,762,000

45,498,000 37,208,000

3,806,000 44,930,000

50,756,000 33,287,000

51,621,000 22,182,000

415,816,000 8,000

88,677,000 0

143,156,000 116,264,000

2,408,000 135,724,000

240,234,000 196,099,000

77,190,000 941,089,000

781,957,000 0

190,801,000 76,364,000

286,091,000 150,422,000

1,037,810,000 498,312,000

Quebec $

(Continued On Page 50)

1,961,000 2,778,000

0 15,000

9,610,000 3,115,000

3,786,000 2,171,000

1,515,000 3,595,000

8,414,000 5,554,000

5,913,000 7,628,000

0 4,639,000

26,356,000 0

15,669,000 3,667,000

21,623,000 14,112,000

18,094,000 26,024,000

87,760,000 13,820,000

47,904,000 43,894,000

34,866,000 43,772,000

58,806,000 56,646,000

47,622,000 81,644,000

N.B. $

76,607,000 77,669,000

92,000 174,072,000

63,109,000 80,773,000

92,184,000 98,537,000

209,932,000 198,058,000

131,462,000 227,215,000

141,532,000 249,403,000

0 27,001,000

336,533,000 499,863,000

298,364,000 327,474,000

742,141,000 379,469,000

409,121,000 736,824,000

447,913,000 416,332,000

408,087,000 1,484,921,000

1,145,953,000 828,841,000

917,350,000 1,206,203,000

1,799,103,000 1,762,774,000

Ontario $

6,892,000 5,137,000

8,445,000 67,000

7,571,000 10,684,000

5,252,000 11,942,000

7,939,000 5,253,000

9,771,000 1,195,000

9,114,000 538,000

0 14,346,000

0 0

22,880,000 9,911,000

1,601,000 15,157,000

35,663,000 18,928,000

82,355,000 4,453,000

10,798,000 0

1,969,000 16,123,000

41,371,000 6,725,000

56,202,000 59,422,000

Manitoba $

10,601,000 8,741,000

12,000 40,000

7,658,000 8,521,000

7,362,000 6,538,000

2,339,000 1,463,000

11,105,000 354,000

7,910,000 616,000

0 302,875,000

0 0

19,000,000 4,702,000

1,909,000 14,996,000

28,786,000 24,854,000

74,631,000 684,000

4,944,000 0

1,597,000 10,773,000

57,855,000 679,000

2,647,000 43,409,000

Sask. $

54,609,000 37,745,000

229,942,000 938,000

37,119,000 51,958,000

77,463,000 51,020,000

23,816,000 22,712,000

68,048,000 29,101,000

44,904,000 26,549,000

0 23,421,000

80,217,000 0

140,570,000 78,532,000

148,891,000 171,066,000

291,958,000 185,075,000

594,658,000 43,324,000

179,125,000 154,400,000

463,027,000 329,819,000

498,310,000 197,080,000

835,977,000 390,560,000

Alberta $

34,269,000 26,535,000

66,000 48,258,000

55,054,000 38,153,000

23,729,000 43,600,000

41,439,000 11,065,000

26,778,000 15,975,000

79,470,000 4,390,000

0 88,000

1,168,000 0

98,588,000 88,667,000

68,254,000 107,737,000

352,021,000 142,321,000

152,691,000 2,099,000

207,340,000 0

10,265,000 274,740,000

130,075,000 212,849,000

236,892,000 251,848,000

B.C. $

299,000 620,000

0 21,000

179,000 1,030,000

664,000 150,000

195,000 117,000

659,000 214,000

533,000 219,000

0 9,000

60,000 0

1,024,000 179,000

1,894,000 984,000

3,201,000 929,000

5,646,000 396,000

1,143,000 198,000

4,574,000 2,817,000

5,502,000 233,000

4,504,000 5,183,000

Yukon $

623,000 2,002,000

0 63,000

662,000 2,068,000

549,000 685,000

295,000 372,000

987,000 303,000

1,444,000 209,000

0 22,000

178,000 0

3,911,000 512,000

1,649,000 8,559,000

6,399,000 3,029,000

512,000 1,082,000

2,974,000 557,000

3,242,000 3,920,000

6,179,000 543,000

8,806,000 10,564,000

N.W.T. $

57,000 17,000

0 13,000

1,016,000 1,851,000

231,000 190,000

55,000 10,000

787,000 32,000

128,000 90,000

0 4,000

36,000 0

617,000 0

507,000 132,000

2,053,000 390,000

110,000 82,000

154,000 115,000

238,000 1,443,000

701,000 122,000

839,000 309,000

Nunavut $

9:32 AM

1,422,137,000 1,393,765,000

1,585,032,000 1,459,606,000

47,134,000 0

9,112,000 107,641,000

70,624,000 19,882,000

1,090,000 85,498,000

Nfld. $

5/15/09

1,708,403,000 1,684,085,000

1,919,749,000 1,817,508,000

2,149,804,000 1,921,812,000

4,170,494,000 3,301,906,000

Totals $

(Excludes A&S and Reinsurance Companies)

By company â&#x20AC;&#x201C; on a province by province basis

2008 TOTAL DIRECT WRITTEN BUSINESS

p 48-51 Totl Dir Writ Bus(DTP761R3)

Page 48

canadianunderwriter.ca CANADIAN UNDERWRITER STATISTICAL ISSUE 2009


pg 5 Applied 3/4/09 4:39 PM Page 53 p 48-51 Totl Dir Writ Bus(DTP761R3) 5/15/09

2:31 PM

Page 49

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50

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

Travelers Guarantee ................................. Liberty Mutual ...........................................

Jevco......................................................... Echelon .....................................................

Portage La Prairie Mutual ......................... Peace Hills ................................................

Industrielle Alliance ................................... First Canadian Title...................................

SSQ, Societe d'assurances ...................... CAA Insurance (Ontario)...........................

Pembridge................................................. XL Insurance.............................................

Canadian Direct Insurance ....................... Optimum General......................................

York Fire & Casualty ................................. L'Unique Assurances Generales...............

Affiliated FM .............................................. BCAA Insurance Corporation....................

Cumis General .......................................... Stewart Title Guaranty ..............................

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

Red River Valley Mutual ........................... Co-operative Hail ......................................

Grain Insurance & Guarantee ................... Legacy General.........................................

Old Republic Insurance of Cda ................. Euler Hermes American Credit .................

Le Groupe Estrie-Richelieu....................... Triton.........................................................

Boiler Inspection & Insurance ................... Saskatchewan Mutual...............................

National Liability & Fire ............................. Ontario School Board................................

Trisura....................................................... SecuriCAN ................................................

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.

65. 66.

67. 68.

69. 70.

71. 72.

Company

30,244,000 26,647,000

34,897,000 34,277,000

37,010,000 36,883,000

38,045,000 37,870,000

41,808,000 41,088,000

49,785,000 48,896,000

51,463,000 50,551,000

58,263,000 54,235,000

75,640,000 74,142,000

87,438,000 79,058,000

97,986,000 96,971,000

82,000 116,000

476,000 0

233,000 0

0 1,353,000

96,000 421,000

510,000 1,107,000

0 0

0 0

699,000 434,000

595,000 0

0 0

0 0

0 39,000

10,000 56,000

190,000 0

121,000 0

0 278,000

106,000 116,000

231,000 219,000

0 0

0 0

586,000 254,000

213,000 0

0 4,000

0 0

0 27,000

0 866,000

0 437,000

3,269,000 0

0 302,000

402,000 119,000

22,000 765,000

P.E.I. $

624,000 844,000

1,283,000 0

634,000 0

0 1,490,000

834,000 492,000

2,201,000 1,859,000

0 0

0 930,000

5,658,000 1,905,000

1,322,000 0

0 59,000

0 0

17,125,000 3,680,000

0 4,270,000

0 2,218,000

35,236,000 0

67,000 1,623,000

2,305,000 2,382,000

372,000 3,064,000

N.S. $

475,000 223,000

255,000 0

946,000 0

0 1,354,000

1,663,000 607,000

1,690,000 1,417,000

0 0

0 1,646,000

3,381,000 1,151,000

784,000 0

0 285,000

0 0

11,652,000 2,727,000

0 3,485,000

0 2,986,000

8,553,000 0

176,000 236,000

2,080,000 2,432,000

218,000 1,925,000

N.B. $

2,450,000 935,000

5,975,000 0

9,788,000 0

38,045,000 6,349,000

793,000 14,008,000

470,000 5,378,000

0 0

0 18,609,000

–10,000 1,729,000

37,495,000 0

0 94,380,000

0 26,593,000

3,157,000 20,239,000

125,004,000 0

129,902,000 8,789,000

0 0

103,193,000 16,288,000

19,701,000 32,619,000

4,911,000 33,524,000

Quebec $

17,197,000 13,995,000

12,843,000 34,277,000

13,883,000 0

0 16,242,000

26,930,000 19,832,000

9,632,000 21,204,000

0 0

58,263,000 33,028,000

40,984,000 59,802,000

28,550,000 0

102,059,000 88,000

0 29,179,000

76,174,000 47,413,000

0 110,941,000

0 65,801,000

24,504,000 0

37,420,000 121,805,000

69,096,000 66,820,000

185,623,000 87,823,000

Ontario $

890,000 789,000

2,060,000 0

715,000 5,115,000

0 1,080,000

74,000 330,000

5,977,000 2,061,000

48,213,000 9,892,000

0 0

7,016,000 584,000

3,091,000 0

0 0

0 5,176,000

0 2,452,000

0 0

0 6,261,000

39,791,000 9,107,000

57,000 747,000

4,844,000 2,583,000

409,000 6,783,000

Manitoba $

883,000 289,000

663,000 0

3,331,000 21,975,000

0 1,067,000

64,000 44,000

12,227,000 2,134,000

3,250,000 40,659,000

0 0

3,555,000 352,000

992,000 922,000

0 0

0 65,000

0 4,241,000

0 0

0 5,844,000

8,709,000 4,157,000

8,000 591,000

4,095,000 4,180,000

1,757,000 4,237,000

Sask. $

3,828,000 3,433,000

4,002,000 0

2,849,000 9,793,000

0 5,288,000

7,030,000 727,000

5,764,000 8,253,000

0 0

0 0

8,447,000 2,906,000

5,930,000 0

–4,073,000 0

44,107,000 6,268,000

7,707,000 17,446,000

0 0

0 20,606,000

28,992,000 106,846,000

13,857,000 5,425,000

22,421,000 35,485,000

9,827,000 25,405,000

Alberta $

3,484,000 5,921,000

6,009,000 0

4,367,000 0

0 3,148,000

4,157,000 4,511,000

11,008,000 4,979,000

0 0

0 0

5,324,000 5,004,000

8,438,000 78,132,000

0 2,155,000

62,947,000 31,680,000

0 15,354,000

0 0

0 11,156,000

888,000 24,103,000

83,000 4,675,000

47,739,000 17,378,000

5,159,000 32,928,000

B.C. $

146,000 27,000

486,000 0

5,000 0

0 101,000

23,000 0

53,000 78,000

0 0

0 5,000

0 2,000

0 4,000

0 0

0 0

16,000 2,000

0 0

0 117,000

0 928,000

5,000 20,000

147,000 234,000

5,000 132,000

Yukon $

154,000 13,000

616,000 0

78,000 0

0 120,000

10,000 0

22,000 182,000

0 0

0 14,000

0 19,000

28,000 0

0 0

0 0

48,000 15,000

0 0

0 103,000

0 1,582,000

9,000 33,000

190,000 17,000

37,000 153,000

N.W.T. $

21,000 6,000

39,000 0

60,000 0

0 0

28,000 0

0 25,000

0 0

0 3,000

0 0

0 0

0 0

0 0

9,000 2,000

0 0

0 54,000

0 461,000

2,000 0

111,000 19,000

4,000 5,000

Nunavut $

9:33 AM

107,054,000 98,961,000

115,888,000 113,637,000

0 0

0 2,023,000

1,375,000 0

649,000 61,000

1,164,000 1,475,000

193,000 1,292,000

Nfld. $

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

2008 TOTAL DIRECT WRITTEN BUSINESS

5/15/09

125,004,000 119,562,000

129,902,000 126,395,000

151,317,000 147,184,000

155,526,000 151,806,000

174,295,000 165,743,000

208,537,000 198,036,000

Totals $

(Continued From Page 48)

p 48-51 Totl Dir Writ Bus(DTP761R3)

Page 50

canadianunderwriter.ca CANADIAN UNDERWRITER STATISTICAL ISSUE 2009


–12,000 –64,000 37,214,985,000

Western Surety ......................................... PEI Mutual ................................................

Mennonite Mutual Fire .............................. Mearie Group ............................................

Chrysler Insurance.................................... Pacific Coast Fishermen's.........................

Pool Insurance .......................................... American Road Insurance ........................

Kings Mutual ............................................. Sompo Japan............................................

Antigonish Farmers' Mutual ...................... Omega General ........................................

Clare Mutual.............................................. Virginia Surety...........................................

British Aviation .......................................... Utica Mutual ..............................................

Eagle Star Insurance ................................ Lumbermens Mutual Casualty ..................

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

77. 78.

79. 80.

81. 82.

83. 84.

CANADIAN UNDERWRITER STATISTICAL ISSUE 2009

85. 86.

87. 88.

89. 90.

91. 92.

93. 94.

4,000 2,000

2,381,000 1,801,000

474,094,000

0 0

0 0

0 0

0 12,000

0 0

136,263,000

0 0

0 0

0 0

0 8,000

5,000 0

0 4,000

19,000 0

0 0

64,000 13,814,000

1,000 6,000

50,000 0

P.E.I. $

916,035,000

0 0

0 0

2,381,000 0

4,300,000 54,000

6,306,000 11,000

0 222,000

159,000 0

0 0

496,000 0

229,000 38,000

375,000 0

N.S. $

756,677,000

0 0

0 0

0 0

0 61,000

3,000 2,000

0 149,000

137,000 0

0 0

667,000 0

28,000 207,000

103,000 0

N.B. $

6,599,946,000

–11,000 –1,000

0 0

0 1,000

0 120,000

0 392,000

0 1,769,000

2,854,000 0

0 0

14,000 0

952,000 943,000

2,254,000 0

Quebec $

17,481,952,000

–2,000 –60,000

4,000 2,000

0 104,000

0 2,497,000

0 3,132,000

298,000 2,159,000

1,935,000 0

0 9,619,000

2,237,000 0

14,725,000 6,372,000

12,610,000 0

Ontario $

658,784,000

0 0

0 0

0 0

0 110,000

0 3,000

1,191,000 189,000

164,000 0

0 0

1,504,000 0

36,000 1,303,000

483,000 0

Manitoba $

820,696,000

0 0

0 0

0 40,000

0 20,000

0 55,000

4,049,000 271,000

207,000 0

11,713,000 0

3,695,000 0

75,000 2,508,000

171,000 0

Sask. $

5,996,569,000

0 –3,000

0 0

0 1,553,000

0 46,000

0 185,000

2,597,000 1,305,000

2,644,000 0

0 0

4,707,000 0

2,491,000 6,828,000

3,616,000 97,000

Alberta $

3,237,862,000

1,000 0

0 0

0 103,000

0 440,000

0 762,000

525,000 629,000

661,000 8,792,000

0 0

3,690,000 0

4,032,000 1,609,000

6,245,000 23,222,000

B.C. $

46,157,000

0 0

0 0

0 0

0 0

0 0

0 8,000

80,000 0

0 0

37,000 0

1,000 1,000

118,000 0

Yukon $

76,760,000

0 0

0 0

0 0

0 5,000

0 0

0 32,000

20,000 0

0 0

191,000 0

14,000 0

155,000 0

N.W.T. $

13,190,000

0 0

0 0

0 0

0 1,000

0 0

0 0

1,000 0

0 0

0 0

1,000 0

9,000 0

Nunavut $

9:33 AM

4,300,000 3,374,000

6,314,000 4,542,000

0 116,000

1,000 0

0 0

900,000 0

26,000 18,000

166,000 0

Nfld. $

5/15/09

8,660,000 6,853,000

8,882,000 8,792,000

11,713,000 9,619,000

18,202,000 13,814,000

22,611,000 19,833,000

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

75. 76.

26,355,000 23,319,000

Mitsui Sumitomo ....................................... Mutual Fire Insurance Co of BC................

Totals $

73. 74.

Company

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

2008 TOTAL DIRECT WRITTEN BUSINESS

p 48-51 Totl Dir Writ Bus(DTP761R3)

Page 51

51


52

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

Alberta Motor Association .................. SGI Canada Group.............................

Jevco .................................................. Gore Mutual........................................

Echelon .............................................. CAA Insurance (Ontario) ....................

Pembridge .......................................... Guarantee Co Of North America ........

SSQ, Societe d'assurances................ Canadian Direct Insurance.................

York Fire & Casualty .......................... Industrielle Alliance ............................

Portage La Prairie Mutual................... Peace Hills .........................................

Chubb................................................. ACE INA .............................................

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

L'Unique Assurances Generales ........ St. Paul Fire & Marine ........................

17. 18.

19. 20.

21. 22.

23. 24.

25. 26.

27. 28.

29. 30.

31. 32.

33. 34.

35. 36.

37. 38.

The Dominion Of Canada................... Northbridge Financial .........................

11. 12.

RBC General ...................................... La Capitale Assurances .....................

Wawanesa Mutual Insurance ............. AXA Canada-Group Of Companies ...

9. 10.

15. 16.

RSA Canada Group ........................... Desjardins General.............................

7. 8.

50,165,000 43,700,000

57,365,000 54,235,000

60,912,000 59,522,000

71,626,000 66,042,000

77,857,000 75,788,000

82,401,000 78,399,000

90,600,000 83,318,000

104,487,000 100,001,000

117,682,000 109,494,000

183,152,000 159,682,000

214,036,000 196,646,000

260,120,000 256,315,000

395,925,000 260,438,000

665,163,000 610,831,000

922,328,000 731,894,000

0 684,000

193,000 0

56,000 191,000

925,000 0

0 0

0 0

0 60,000

–6,000 0

0 0

0 0

967,000 0

949,000 0

0 1,014,000

28,339,000 9,187,000

0 34,598,000

74,875,000 2,384,000

13,482,000 41,214,000

0 150,000

22,000 0

2,000 233,000

2,671,000 0

0 0

0 0

0 17,000

273,000 801,000

0 0

0 7,199,000

379,000 0

3,102,000 0

0 0

10,217,000 2,052,000

4,673,000 –25,000

5,366,000 4,177,000

2,085,000 10,056,000

3,887,000 0

5,210,000 10,430,000

P.E.I. $

0 592,000

372,000 930,000

122,000 2,059,000

25,184,000 0

0 0

0 0

13,758,000 725,000

1,414,000 3,622,000

0 0

0 1,268,000

3,701,000 0

7,010,000 0

8,240,000 1,450,000

33,596,000 13,979,000

40,560,000 8,250,000

63,766,000 21,518,000

37,651,000 25,856,000

36,954,000 0

74,967,000 58,110,000

N.S. $

canadianunderwriter.ca CANADIAN UNDERWRITER STATISTICAL ISSUE 2009 50,165,000 2,880,000

4,745,000 18,609,000

8,818,000 7,127,000

0 0

0 75,788,000

82,401,000 0

2,000 1,927,000

10,389,000 0

66,988,000 0

0 0

35,192,000 0

14,165,000 256,315,000

53,714,000 20,944,000

514,000 72,157,000

56,972,000 321,992,000

14,464,000 502,889,000

55,221,000 136,869,000

112,731,000 0

542,688,000 238,636,000

Quebec $

(Continued On Page 54

0 1,549,000

218,000 1,646,000

102,000 4,170,000

5,376,000 0

0 0

0 0

8,946,000 503,000

46,000 3,014,000

0 0

0 3,008,000

6,634,000 0

6,297,000 0

20,859,000 4,289,000

14,553,000 13,976,000

68,458,000 33,379,000

25,755,000 11,000,000

37,356,000 31,135,000

27,490,000 29,066,000

24,532,000 51,202,000

N.B. $

0 19,714,000

49,125,000 33,028,000

49,945,000 27,518,000

16,552,000 0

81,979,000 0

0 0

61,504,000 79,177,000

90,774,000 92,564,000

36,930,000 109,405,000

0 17,347,000

103,297,000 196,646,000

205,255,000 0

250,474,000 207,400,000

491,990,000 407,751,000

342,442,000 250,876,000

538,264,000 352,795,000

799,205,000 567,846,000

914,565,000 1,119,314,000

1,160,559,000 1,101,298,000

Ontario $

0 3,000

409,000 0

59,000 1,187,000

0 0

0 0

0 0

0 1,000

1,000 0

0 0

0 35,000

660,000 0

232,000 0

0 0

115,000 1,022,000

0 4,000

58,000 0

1,000 195,000

0 0

1,066,000 1,244,000

Manitoba $

0 630,000

471,000 0

56,000 519,000

1,131,000 0

0 0

0 0

0 0

201,000 0

0 0

0 115,289,000

1,773,000 0

179,000 0

0 0

8,000 2,415,000

0 150,000

230,000 0

1,000 7,522,000

0 0

48,000 4,904,000

Sask. $

0 15,933,000

1,484,000 0

1,455,000 14,584,000

19,787,000 64,595,000

–4,122,000 0

0 38,353,000

6,317,000 833,000

687,000 0

13,749,000 0

183,152,000 15,503,000

56,633,000 0

21,153,000 0

62,364,000 25,028,000

82,902,000 83,034,000

404,782,000 75,493,000

211,911,000 35,103,000

122,477,000 249,674,000

348,152,000 115,969,000

567,963,000 212,407,000

Alberta $

0 361,000

280,000 0

235,000 1,080,000

0 0

0 0

0 40,046,000

0 3,000

669,000 0

0 0

0 1,000

3,532,000 0

1,377,000 0

0 0

859,000 3,738,000

0 6,065,000

37,419,000 0

59,543,000 89,000

0 0

14,591,000 1,542,000

B.C. $

0 309,000

5,000 5,000

0 402,000

0 501,000

0 0

0 0

16,000 20,000

13,000 0

5,000 21,000

0 8,000

586,000 0

171,000 0

60,000 135,000

1,150,000 425,000

3,819,000 73,000

1,554,000 351,000

233,000 2,569,000

3,545,000 198,000

3,186,000 1,643,000

Yukon $

0 374,000

37,000 14,000

62,000 378,000

0 858,000

0 0

0 0

48,000 42,000

26,000 0

8,000 55,000

0 20,000

550,000 0

186,000 0

178,000 146,000

728,000 901,000

512,000 885,000

2,257,000 919,000

543,000 2,425,000

2,468,000 557,000

4,446,000 2,598,000

N.W.T. $

0 521,000

4,000 3,000

0 74,000

0 88,000

0 0

0 0

9,000 10,000

0 0

2,000 13,000

0 4,000

132,000 0

44,000 0

36,000 32,000

192,000 194,000

110,000 154,000

934,000 70,000

122,000 143,000

193,000 115,000

513,000 299,000

Nunavut $

9:34 AM

Allstate Insurance of Canada ............. Kingsway General ..............................

Economical Insurance Group ............. 1,127,920,000 Co-operators General......................... 1,075,593,000

5. 6.

6,305,000 0

44,000 57,731,000

Nfld. $

5/15/09

13. 14.

TD Insurance...................................... 1,456,290,000 State Farm Insurance Company ........ 1,265,219,000

3. 4.

976,853,000 931,206,000

Intact................................................... 2,399,813,000 Aviva Canada Inc ............................... 1,742,044,000

Totals $

1. 2.

Company

(Excludes A&S and Reinsurance Companies)

By company – on a province by province basis

2008 DIRECT WRITTEN AUTO

p 52-54 Dir Writ Auto(DTP765R3).chp

Page 52


Humble ad_8x10 Mag:Layout 1

5/11/09

4:06 PM

Page 1

It’s hard to be humble when your statistics seem to brag.

When you’re getting a 4.8 out of 5 in customer satisfaction, it’s easy to get a little boastful and forget what got you to the top in the first place. But not us. We prefer to let the numbers speak for themselves and ensure that every Tom, Dick or Harry who drives in with a dent, bang or crunch, drives out happy.And, it’s been proven that happier customers result in higher customer retention rates for insurance companies (up to 98%). So you can see why partnering with CARSTAR is good for your numbers too. For more information please contact 1.800.665.2264 ext 246 or email insurance@carstar.ca.

“Over 130 locations throughout 10 provinces.”

p 53 53

5/15/09 12:18:41 PM


54

CNA Canada Group ........................... Lloyd's Underwriters ...........................

Chrysler Insurance ............................. RBC Insurance ...................................

American Road Insurance.................. Saskatchewan Mutual ........................

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

Mitsui Sumitomo................................. BCAA Insurance Corporation .............

Ontario School Board ......................... Mearie Group .....................................

Le Groupe Estrie-Richelieu ................ Hartford Fire .......................................

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

Lumbermens Mutual Casualty............

47. 48.

49. 50.

51. 52.

53. 54.

55. 56.

57. 58.

59. 60.

61. 62.

63.

338,000 164,000

1,256,000 1,082,000

1,583,000 1,320,000

3,900,000 1,948,000

5,881,000 5,547,000

6,853,000 6,621,000

8,770,000 7,245,000

13,926,000 12,733,000

17,313,000 15,193,000

0 1,000

0 17,000

0 0

32,000 0

79,000 19,000

116,000 0

0 0

73,000 0

100,000 68,000

0 140,000

0

Allianz Global Risks US...................... American Home Assurance................

45. 46.

21,945,000 18,174,000

151,000 0

274,540,000

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

43. 44.

29,083,000 26,600,000

479,000 73,000

Nfld. $

73,124,000

0

0 0

0 0

0 0

0 0

15,000 0

4,000 0

19,000 0

1,000 0

10,000 21,000

0 –244,000

173,000 0

65,000 83,000

P.E.I. $

492,037,000

0

0 5,000

0 13,000

0 0

28,000 0

184,000 50,000

222,000 0

157,000 0

69,000 –3,000

204,000 565,000

0 300,000

2,924,000 0

924,000 741,000

N.S. $

439,251,000

0

0 6,000

0 13,000

0 0

25,000 0

120,000 22,000

149,000 0

133,000 0

31,000 0

105,000 661,000

0 275,000

250,000 0

1,463,000 1,439,000

N.B. $

2,795,511,000

0

0 20,000

1,256,000 197,000

0 0

279,000 0

1,444,000 409,000

1,769,000 0

2,843,000 0

990,000 6,298,000

2,520,000 1,404,000

0 2,331,000

0 4,063,000

3,855,000 531,000

Quebec $

9,929,014,000

1,000

0 59,000

0 638,000

1,583,000 1,320,000

2,952,000 0

1,900,000 4,826,000

2,159,000 0

1,886,000 6,448,000

5,987,000 246,000

5,091,000 7,174,000

21,945,000 5,379,000

22,423,000 18,079,000

19,626,000 23,753,000

Ontario $

(Excludes A&S and Reinsurance Companies)

9,359,000

0

0 10,000

0 8,000

0 0

1,000 0

5,000 0

189,000 1,117,000

159,000 0

558,000 0

71,000 311,000

0 145,000

19,000 0

430,000 44,000

Manitoba $

144,975,000

0

338,000 1,000

0 17,000

0 0

5,000 0

42,000 1,000

271,000 5,503,000

203,000 0

49,000 1,746,000

194,000 255,000

0 278,000

27,000 0

487,000 31,000

Sask. $

3,107,584,000

0

0 37,000

0 83,000

0 0

550,000 0

1,723,000 199,000

1,305,000 1,000

2,625,000 797,000

5,675,000 3,528,000

8,352,000 3,876,000

0 8,817,000

3,113,000 4,458,000

9,086,000 6,004,000

Alberta $

0

0 0

0 0

0 0

1,000 0

1,000 1,000

8,000 0

80,000 0

12,000 38,000

14,000 5,000

0 49,000

0 0

38,000 22,000

Yukon $

180,456,000 21,272,000

0

0 14,000

0 96,000

0 0

22,000 1,948,000

368,000 17,000

629,000 0

645,000 0

407,000 880,000

638,000 833,000

0 684,000

3,000 0

1,599,000 243,000

B.C. $

22,430,000

0

0 10,000

0 0

0 0

5,000 0

0 2,000

32,000 0

19,000 0

59,000 0

14,000 18,000

0 17,000

0 0

23,000 10,000

N.W.T. $

4,067,000

0

0 1,000

0 0

0 0

0 0

0 1,000

0 0

1,000 0

15,000 0

0 2,000

0 3,000

0 0

5,000 28,000

Nunavut $

9:35 AM

1,000

Cumis General ................................... Optimum General ...............................

41. 42.

38,080,000 33,002,000

Totals $

2008 DIRECT WRITTEN AUTO By company – on a province by province basis

5/15/09

TOTALS ............................................. 17,493,620,000

AIG Commercial Insurance ................ Old Republic Insurance of Cda ..........

39. 40.

Company

(Continued From Page 52)

p 52-54 Dir Writ Auto(DTP765R3).chp

Page 54

canadianunderwriter.ca CANADIAN UNDERWRITER STATISTICAL ISSUE 2009


p 55 Five Yr Rec(DTPFYEAR).chp

5/15/09

9:53 AM

Page 55

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

Loss Ratio %

HAIL

2004 10,101,520,000 5,311,816,000 52.58 2005 10,021,331,000 6,883,755,000 68.69 2006 10,217,480,000 5,706,094,000 55.85 2007 10,683,208,000 6,473,577,000 60.60 2008 11,185,033,000 7,909,673,000 70.72 Total 52,208,572,000 32,284,915,000 61.84 2008 Net Premiums Written: 11,567,254,000 2008 Direct Written Premiums: 12,282,120,000

2004 50,329,000 31,016,000 2005 56,212,000 48,539,000 2006 35,156,000 28,125,000 2007 47,725,000 38,059,000 2008 55,132,000 53,209,000 Total 244,554,000 198,948,000 2008 Net Premiums Written: 54,875,000 2008 Direct Written Premiums: 64,371,000

FIVE YEAR

AIRCRAFT 2004 160,984,000 23,721,000 2005 161,470,000 21,797,000 2006 201,603,000 99,551,000 2007 193,309,000 77,735,000 2008 203,694,000 132,680,000 Total 921,060,000 355,484,000 2008 Net Premiums Written: 284,872,000 2008 Direct Written Premiums: 256,065,000

Net Losses Incurred $

14.74 13.50 49.38 40.21 65.14 38.60

61.63 86.35 80.00 79.75 96.51 81.35

LEGAL EXPENSE 2004 11,146,000 6,081,000 2005 8,423,000 4,441,000 2006 21,821,000 1,850,000 2007 10,571,000 3,440,000 2008 16,347,000 6,751,000 Total 68,308,000 22,563,000 2008 Net Premiums Written: 21,739,000 2008 Direct Written Premiums: 21,746,000

RECORD

54.56 52.72 8.48 32.54 41.30 33.03

AUTO TOTAL

LIABILITY

2004 17,796,008,000 12,071,280,000 67.83 2005 16,778,687,000 10,892,965,000 64.92 2006 16,341,650,000 10,993,556,000 67.27 2007 16,570,436,000 11,726,553,000 70.77 2008 16,953,984,000 13,030,237,000 76.86 Total 84,440,765,000 58,714,591,000 69.53 2008 Net Premiums Written: 17,164,287,000 2008 Direct Written Premiums: 17,445,512,000

2004 4,214,297,000 3,221,561,000 76.44 2005 4,341,402,000 2,907,504,000 66.97 2006 4,402,996,000 2,398,237,000 54.47 2007 4,405,880,000 2,385,360,000 54.14 2008 4,353,904,000 2,512,233,000 57.70 Total 21,718,479,000 13,424,895,000 61.81 2008 Net Premiums Written: 4,359,964,000 2008 Direct Written Premiums: 4,714,944,000

BY

BOILER & MACHINERY 41.24 31.53 25.18 25.03 72.64 39.08

CLASSES

2004 4,266,000 4,770,000 111.81 2005 33,571,000 17,385,000 51.79 2006 27,974,000 14,788,000 52.86 2007 27,223,000 16,713,000 61.39 2008 24,753,000 23,978,000 96.87 Total 117,787,000 77,634,000 65.91 2008 Net Premiums Written: 28,469,000 2008 Direct Written Premiums: 51,591,000

2004 222,902,000 84,196,000 2005 247,929,000 122,219,000 2006 245,170,000 168,963,000 2007 241,349,000 114,188,000 2008 247,634,000 119,230,000 Total 1,204,984,000 608,796,000 2008 Net Premiums Written: 256,943,000 2008 Direct Written Premiums: 297,866,000

2004 296,257,000 122,166,000 2005 281,173,000 88,642,000 2006 294,518,000 74,147,000 2007 291,383,000 72,938,000 2008 288,460,000 209,528,000 Total 1,451,791,000 567,421,000 2008 Net Premiums Written: 287,437,000 2008 Direct Written Premiums: 331,106,000

CREDIT

MARINE

CREDIT PROTECTION 2004 7,460,000 647,000 2005 8,888,000 –369,000 2006 72,113,000 2,066,000 2007 45,281,000 2,010,000 2008 40,525,000 1,751,000 Total 174,267,000 6,105,000 2008 Net Premiums Written: 40,104,000 2008 Direct Written Premiums: 191,170,000

0 0 0 0 –67,000 –67,000

OTHER APPROVED PRODUCTS 2004 16,000 –4,000 –25.00 2005 2,550,000 1,000 0.04 2006 0 0 0.00 2007 2,197,000 1,108,000 50.43 2008 1,152,000 200,000 17.36 Total 5,915,000 1,305,000 22.06 2008 Net Premiums Written: 1,253,000 2008 Direct Written Premiums: 6,333,000

ACCIDENT & SICKNESS

SURETY

2004 5,514,637,000 3,864,826,000 2005 564,575,000 230,885,000 2006 540,453,000 169,962,000 2007 572,591,000 217,272,000 2008 842,508,000 456,463,000 Total 8,034,764,000 4,939,408,000 2008 Net Premiums Written: 924,053,000 2008 Direct Written Premiums: 966,071,000

70.08 40.90 31.45 37.95 54.18 61.48

2004 255,612,000 68,501,000 2005 262,678,000 65,215,000 2006 289,350,000 47,340,000 2007 312,178,000 53,122,000 2008 344,224,000 55,830,000 Total 1,464,042,000 290,008,000 2008 Net Premiums Written: 396,567,000 2008 Direct Written Premiums: 437,342,000

40.22 31.96 50.35 37.36 57.36 43.01

2004 38,867,375,000 24,892,724,000 64.05 2005 32,999,236,000 21,344,638,000 64.68 2006 32,929,516,000 19,800,881,000 60.13 2007 33,663,815,000 21,261,911,000 63.16 2008 34,868,058,000 24,641,076,000 70.67 Total 173,328,000,000 111,941,230,000 64.58 2008 Net Premiums Written: 35,696,048,000 2008 Direct Written Premiums: 37,382,471,000

2004 92,820,000 26,175,000 2005 103,046,000 20,972,000 2006 123,768,000 38,062,000 2007 148,067,000 37,833,000 2008 200,528,000 66,185,000 Total 668,229,000 189,227,000 2008 Net Premiums Written: 200,528,000 2008 Direct Written Premiums: 200,602,000

ALL CLASSES COMBINED

CANADIAN UNDERWRITER STATISTICAL ISSUE 2009

0.00 0.00 0.00 0.00 0.00 0.00

37.77 49.30 68.92 47.31 48.15 50.52

8.67 –4.15 2.86 4.44 4.32 3.50

FIDELITY 2004 139,154,000 55,972,000 2005 127,301,000 40,687,000 2006 115,464,000 58,140,000 2007 112,416,000 42,003,000 2008 110,180,000 63,195,000 Total 604,515,000 259,997,000 2008 Net Premiums Written: 107,703,000 2008 Direct Written Premiums: 115,632,000

MORTGAGE 2004 –33,000 2005 0 2006 0 2007 1,000 2008 0 Total –32,000 2008 Net Premiums Written: 0 2008 Direct Written Premiums: 0

26.80 24.83 16.36 17.02 16.22 19.81

TITLE 28.20 20.35 30.75 25.55 33.01 28.32

55


56 –19,500,000 1,450,708,000

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

PartnerRe..................................................

Everest Reinsurance.................................

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

XL Re America Inc - Cdn Branch ..............

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

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

Scor Canada Reinsurance ........................

Odyssey Amercia Re ................................

Paris Re ....................................................

Caisse Centrale Re ...................................

General Reinsurance ................................

Toa Reinsurance.......................................

Munich Re America...................................

MAPFRE ...................................................

American Agricultural ................................

White Mountains Reinsurance ..................

Nipponkoa Insurance ................................

Alea Europe Ltd. .......................................

Scor Reinsurance .....................................

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

AXA RE .....................................................

Insurance Corp of New York .....................

Sorema North America Re ........................

Terra Nova ................................................

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

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.

–14,000

0

0

50,000

117,000

124,000

1,407,000

7,812,000

9,170,000

12,830,000

14,844,000

27,420,000

37,070,000

39,553,000

40,779,000

43,801,000

87,396,000

1,566,697,000

–19,500,000

–14,000

0

0

43,000

117,000

126,000

1,347,000

8,416,000

9,419,000

12,228,000

15,454,000

28,374,000

43,410,000

40,530,000

52,093,000

45,487,000

87,952,000

94,119,000

102,995,000

93,555,000

94,250,000

111,094,000

1,116,057,000

–16,974,000

–70,000

0

15,400,000

26,000

1,264,000

686,000

346,000

8,647,000

4,420,000

5,460,000

9,268,000

24,222,000

31,825,000

31,577,000

56,045,000

34,702,000

52,890,000

36,442,000

87,836,000

57,118,000

68,313,000

86,674,000

63,797,000

106,003,000

187,225,000

162,915,000

$

Expenses

71.24

87.05

500.00

0.00

0.00

60.47

1,080.34

544.44

25.69

102.74

46.93

44.65

59.97

85.37

73.31

77.91

107.59

76.29

60.14

38.72

85.28

61.05

72.48

78.02

61.18

52.59

127.84

55.62

%

Ratio

Loss

Earned

321,739,000

0

387,000

0

0

8,000

16,000

37,000

265,000

2,101,000

1,655,000

3,522,000

2,840,000

5,645,000

2,109,000

10,677,000

3,518,000

8,380,000

23,978,000

19,467,000

16,977,000

23,469,000

19,803,000

22,494,000

29,937,000

40,173,000

16,050,000

68,231,000

$

Commissions

12,243,000

0

0

0

0

2,000

0

0

25,000

0

0

0

91,000

0

77,000

21,000

0

0

0

1,000

906,000

1,675,000

0

0

–17,000

3,098,000

0

6,364,000

$

Taxes

136,775,000

225,000

360,000

153,000

1,577,000

127,000

319,000

479,000

375,000

1,686,000

544,000

570,000

680,000

1,894,000

11,740,000

2,628,000

8,161,000

2,448,000

7,488,000

3,316,000

7,682,000

11,836,000

2,656,000

5,856,000

7,943,000

21,820,000

9,528,000

24,684,000

$

Expenses

General

Total

30.05

–1.15

–5,335.71

0.00

0.00

318.60

286.32

409.52

49.37

45.00

23.35

33.46

23.37

26.57

32.08

32.88

22.42

23.80

35.78

24.21

24.82

39.53

23.83

25.52

36.31

32.29

17.47

33.89

%

Ratio

Expense

Combined

101.29

85.90

–4,835.71

0.00

0.00

379.07

1,366.66

953.96

75.06

147.74

70.28

78.11

83.34

111.94

105.39

110.79

130.01

100.09

95.92

62.93

110.10

100.58

96.31

103.54

97.49

84.88

145.31

89.51

%

Ratio

Loss & Exp.

–18,273,000

–2,751,000

–691,000

–153,000

–16,977,000

–120,000

–1,482,000

–1,076,000

336,000

–4,018,000

2,800,000

2,676,000

2,575,000

–3,387,000

–3,290,000

–4,373,000

–15,631,000

–43,000

2,682,000

34,893,000

–10,406,000

981,000

3,478,000

–3,930,000

2,618,000

30,475,000

–66,354,000

32,895,000

$

or Loss

Profit

Undrwtg.

310,473,000

768,000

131,000

144,000

22,164,000

138,000

855,000

1,427,000

1,158,000

4,077,000

1,941,000

1,315,000

15,350,000

6,827,000

18,524,000

11,492,000

6,046,000

8,322,000

16,318,000

7,227,000

3,095,000

20,560,000

19,096,000

22,128,000

14,960,000

57,030,000

–26,451,000

75,831,000

$

Income

Inv.

85.28

–6.97

2.01

–8.05

18.20

–6.70

5.28

4.70

1.09

12.36

9.37

15.26

3.20

5.98

11.68

4.32

5.87

10.18

15.66

–10.89

7.08

8.30

8.25

9.26

0.00

–45.72

16.58

%

Equity

on

Return

9:54 AM

88,261,000

88,630,000

90,912,000

93,389,000

104,278,000

201,569,000

146,449,000

292,906,000

Net Claims & Adjusting

5/15/09

101,469,000

104,629,000

143,715,000

146,299,000

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

290,545,000

Munich Re Canada Group ........................

$

$

2.

100% Basis

Written

1.

Earned

Premiums

Net Premiums

Net

2008 REINSURANCE RESULTS

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canadianunderwriter.ca CANADIAN UNDERWRITER STATISTICAL ISSUE 2009


p 56-57 REINS RES(DTPRE1R3).chp

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Page 57

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 • Toronto • London • Switzerland • Hong Kong • Kuala Lumpur • Singapore • Taiwan


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Underwriting Profit Producers - 2008 (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.

Lloyd's Underwriters........................................................... American Home Assurance ............................................... AXA Canada-Group Of Companies ................................... AIG Commercial Insurance ................................................ Intact .................................................................................. Chubb ................................................................................ Travelers Guarantee .......................................................... Motors Insurance Corporation ........................................... Transatlantic Reinsurance ................................................. Munich Re Canada Group ................................................. Zurich ................................................................................. Desjardins General ............................................................ ACE INA............................................................................. Swiss Reinsurance Group ................................................. Allianz Global Risks US ..................................................... RBC Insurance................................................................... SGI Canada Group ............................................................ GCAN................................................................................. RSA Canada Group ........................................................... La Capitale Assurances ..................................................... Boiler Inspection & Insurance ............................................ First Canadian Title ............................................................ Green Shield ...................................................................... Alberta Motor Association .................................................. Pafco .................................................................................. Legacy General.................................................................. National Liability & Fire ...................................................... XL Insurance ...................................................................... RBC General...................................................................... Guarantee Co Of North America........................................ Triton .................................................................................. Canadian Direct Insurance ................................................ American Bankers of Florida.............................................. Portage La Prairie Mutual ..................................................

369,804,000 126,367,000 94,733,000 82,359,000 66,974,000 46,307,000 41,689,000 38,321,000 34,893,000 32,895,000 31,687,000 31,627,000 30,894,000 30,475,000 27,798,000 26,136,000 22,798,000 20,710,000 19,580,000 19,131,000 17,521,000 15,611,000 13,377,000 11,245,000 11,067,000 10,347,000 10,056,000 9,971,000 9,862,000 8,831,000 7,142,000 6,448,000 5,436,000 5,015,000

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. 65. 66. 67.

Stewart Title Guaranty ....................................................... Pacific Coast Fishermen's.................................................. TD Insurance ..................................................................... Grain Insurance & Guarantee ............................................ Cumis General ................................................................... Hannover Ruckversicherung AG ....................................... Red River Valley Mutual .................................................... Liberty Mutual .................................................................... Mearie Group ..................................................................... CNA Canada Group ........................................................... BCAA Insurance Corporation............................................. L'Unique Assurances Generales........................................ Mutual Fire Insurance Co of BC......................................... American Agricultural ......................................................... Scor Canada Reinsurance ................................................. MAPFRE ............................................................................ PartnerRe........................................................................... Munich Re America............................................................ American Road Insurance ................................................. Sompo Japan ..................................................................... Arch Insurance ................................................................... Industrielle Alliance ............................................................ Western Surety .................................................................. SecuriCAN ......................................................................... XL Re America Inc - Cdn Branch ....................................... Saskatchewan Mutual ........................................................ Echelon .............................................................................. Mennonite Mutual Fire ....................................................... Lumbermens Mutual Casualty ........................................... Nipponkoa Insurance ......................................................... Trisura ................................................................................ Virginia Surety.................................................................... Eagle Star Insurance .........................................................

4,969,000 4,695,000 4,555,000 4,072,000 3,732,000 3,478,000 3,243,000 3,198,000 3,115,000 3,066,000 2,918,000 2,889,000 2,882,000 2,800,000 2,682,000 2,676,000 2,618,000 2,575,000 1,838,000 1,781,000 1,695,000 1,447,000 1,378,000 1,284,000 981,000 954,000 827,000 365,000 346,000 336,000 188,000 54,000 51,000

Underwriting Loss Producers - 2008 (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.

58

Odyssey Amercia Re ......................................................... Centennial Insurance ......................................................... Pearl Assurance PLC......................................................... Hanover Insurance............................................................. Clare Mutual....................................................................... Providence Washington ..................................................... T.H.E. Insurance ................................................................ ICAROM PLC..................................................................... Pool Insurance ................................................................... Everest Insurance Of Canada............................................ Antigonish Farmers' Mutual ............................................... Utica Mutual ....................................................................... British Aviation ................................................................... Insurance Corp of New York .............................................. TIG Insurance .................................................................... Employers Insurance Of Wausau ...................................... Le Groupe Estrie-Richelieu ................................................ Mitsui Sumitomo ................................................................ Sorema North America Re ................................................. Optimum General............................................................... Omega General ................................................................. Old Republic Insurance of Cda .......................................... Alea Europe Ltd. ................................................................ PEI Mutual ......................................................................... Chrysler Insurance ............................................................. Scor Reinsurance .............................................................. Lumbermen's Underwiting ................................................. Co-operative Hail ............................................................... Kings Mutual ...................................................................... Tokio Marine & Nichido Fire............................................... Gore Mutual ....................................................................... Terra Nova ......................................................................... Peace Hills .........................................................................

–43,000 –73,000 –78,000 –91,000 –105,000 –109,000 –120,000 –122,000 –131,000 –135,000 –143,000 –144,000 –145,000 –153,000 –188,000 –207,000 –416,000 –475,000 –691,000 –778,000 –963,000 –967,000 –1,076,000 –1,316,000 –1,389,000 –1,482,000 –1,518,000 –1,779,000 –1,822,000 –1,889,000 –2,461,000 –2,751,000 –3,014,000

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. 65. 66.

General Reinsurance ......................................................... Toa Reinsurance................................................................ SSQ, Societe d'assurances ............................................... Everest Reinsurance.......................................................... White Mountains Reinsurance ........................................... Caisse Centrale Re ............................................................ Hartford Fire ....................................................................... Jevco.................................................................................. North Waterloo Farmers Mutual......................................... Security Ins Co of Hartford................................................. Ontario School Board......................................................... Euler Hermes American Credit .......................................... St. Paul Fire & Marine ........................................................ Great American .................................................................. Promutuel Reassurance .................................................... Pembridge.......................................................................... Paris Re ............................................................................. AXA RE .............................................................................. Affiliated FM ....................................................................... CAA Insurance (Ontario).................................................... York Fire & Casualty .......................................................... Kingsway General .............................................................. Ontario Mutual Insurance................................................... The Dominion Of Canada .................................................. Allstate Insurance of Canada ............................................. Farm Mutual Reinsurance Plan ......................................... Aviva Canada Inc ............................................................... FM Global .......................................................................... Northbridge Financial ......................................................... Wawanesa Mutual Insurance............................................. Co-operators General ........................................................ Economical Insurance Group............................................. State Farm Insurance Company ........................................

–3,290,000 –3,387,000 –3,434,000 –3,930,000 –4,018,000 –4,373,000 –5,160,000 –5,161,000 –5,478,000 –6,224,000 –7,713,000 –8,085,000 –9,019,000 –10,319,000 –10,406,000 –12,461,000 –15,631,000 –16,977,000 –18,799,000 –19,908,000 –37,833,000 –41,874,000 –44,401,000 –50,749,000 –63,047,000 –66,354,000 –79,363,000 –79,777,000 –81,933,000 –84,406,000 –122,080,000 –210,431,000 –348,769,000

canadianunderwriter.ca CANADIAN UNDERWRITER STATISTICAL ISSUE 2009


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60

La Capitale Assurances ............................ American Home Assurance ......................

ACE INA.................................................... Gore Mutual ..............................................

St. Paul Fire & Marine............................... GCAN........................................................

Allianz Global Risks US ............................ Peace Hills ................................................

Guarantee Co Of North America............... Affiliated FM ..............................................

BCAA Insurance Corporation.................... Portage La Prairie Mutual .........................

RBC General............................................. Optimum General......................................

CNA Canada Group.................................. Alberta Motor Association .........................

Red River Valley Mutual ........................... Liberty Mutual ...........................................

SSQ, Societe d'assurances ...................... Industrielle Alliance ...................................

21. 22.

23. 24.

25. 26.

27. 28.

29. 30.

31. 32.

33. 34.

35. 36.

37. 38.

39. 40.

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

13. 14.

SGI Canada Group ................................... Allstate Insurance of Canada....................

Northbridge Financial................................ State Farm Insurance Company ...............

11. 12.

19. 20.

Desjardins General ................................... TD Insurance ............................................

9. 10.

Ontario Mutual Insurance.......................... FM Global .................................................

Lloyd's Underwriters.................................. RSA Canada Group ..................................

7. 8.

17. 18.

AXA Canada-Group Of Companies .......... Economical Insurance Group....................

5. 6.

42,603,000 42,496,000

48,646,000 45,292,000

55,455,000 54,194,000

64,983,000 59,497,000

74,930,000 74,292,000

80,528,000 79,047,000

81,587,000 81,142,000

94,066,000 90,477,000

102,657,000 94,393,000

143,631,000 136,642,000

183,983,000 148,408,000

254,733,000 200,339,000

285,343,000 272,209,000

335,335,000 318,331,000

427,066,000 370,064,000

508,521,000 456,615,000

562,582,000 549,745,000

625,789,000 624,562,000

839,080,000 631,047,000

0 0

0 572,000

77,000 0

273,000 0

0 398,000

81,000 569,000

354,000 0

719,000 639,000

1,279,000 15,000

0 1,284,000

5,000 0

0 4,304,000

5,969,000 97,000

6,018,000 2,414,000

7,085,000 0

776,000 2,718,000

5,136,000 27,765,000

10,850,000 4,854,000

25,316,000 0

210,000 20,174,000

Nfld. $

0 0

0 80,000

34,000 0

148,000 0

0 527,000

213,000 193,000

171,000 0

211,000 103,000

689,000 0

0 750,000

1,669,000 0

0 710,000

691,000 91,000

3,462,000 560,000

1,257,000 0

573,000 570,000

1,227,000 2,111,000

24,000 1,350,000

5,566,000 934,000

2,288,000 2,778,000

P.E.I. $

0 0

0 269,000

282,000 0

2,168,000 0

0 9,015,000

705,000 1,242,000

1,826,000 0

1,489,000 926,000

939,000 0

0 3,381,000

754,000 2,868,000

0 3,906,000

2,430,000 550,000

14,420,000 3,421,000

8,519,000 0

6,817,000 12,694,000

7,187,000 33,226,000

6,485,000 24,042,000

26,099,000 13,744,000

46,489,000 28,379,000

N.S. $

canadianunderwriter.ca CANADIAN UNDERWRITER STATISTICAL ISSUE 2009 42,603,000 42,496,000

0 14,469,000

2,523,000 0

8,017,000 18,471,000

0 0

25,089,000 33,832,000

11,098,000 0

14,818,000 14,803,000

18,235,000 0

143,631,000 24,898,000

8,000 34,963,000

0 40,907,000

51,720,000 50,141,000

1,586,000 50,765,000

57,592,000 0

418,321,000 77,516,000

89,694,000 25,878,000

317,211,000 77,848,000

119,930,000 20,167,000

424,437,000 206,259,000

Quebec $

(Continued On Page 62)

0 0

0 1,263,000

1,024,000 0

1,331,000 0

0 2,795,000

380,000 720,000

1,833,000 0

626,000 1,473,000

1,102,000 10,000

0 933,000

1,253,000 5,497,000

0 7,954,000

5,363,000 2,006,000

5,707,000 5,233,000

6,642,000 13,342,000

2,820,000 7,376,000

8,309,000 12,776,000

11,329,000 15,708,000

22,239,000 18,095,000

18,351,000 23,740,000

N.B. $

0 0

0 8,504,000

11,216,000 92,000

43,777,000 8,200,000

0 6,856,000

48,793,000 25,457,000

32,817,000 0

24,036,000 28,369,000

29,921,000 51,971,000

0 30,663,000

7,489,000 86,059,000

254,733,000 53,618,000

89,173,000 136,904,000

191,883,000 113,049,000

174,613,000 323,153,000

63,537,000 227,423,000

107,960,000 185,391,000

112,636,000 309,172,000

274,369,000 98,807,000

468,778,000 439,274,000

Ontario $

0 0

45,565,000 707,000

5,130,000 8,445,000

306,000 3,961,000

0 38,005,000

1,336,000 2,753,000

1,790,000 9,107,000

6,621,000 2,819,000

3,511,000 42,000

0 3,917,000

12,303,000 0

0 6,256,000

14,146,000 3,223,000

865,000 9,490,000

10,420,000 0

4,453,000 1,969,000

16,085,000 6,445,000

2,399,000 5,604,000

35,746,000 79,264,000

46,020,000 42,514,000

Manitoba $

0 0

3,081,000 2,721,000

3,037,000 12,000

437,000 48,000

922,000 7,211,000

108,000 864,000

5,848,000 4,157,000

4,504,000 4,607,000

5,568,000 24,000

0 4,761,000

154,330,000 0

0 6,464,000

9,961,000 1,269,000

1,613,000 10,118,000

14,359,000 0

684,000 1,597,000

13,467,000 6,421,000

1,553,000 488,000

44,007,000 71,460,000

1,600,000 26,111,000

Sask. $

0 0

0 11,000,000

23,183,000 45,579,000

5,396,000 1,366,000

0 8,690,000

1,978,000 5,288,000

15,141,000 42,251,000

17,920,000 20,978,000

27,524,000 700,000

0 50,293,000

6,083,000 17,853,000

0 28,441,000

68,412,000 30,445,000

49,394,000 51,591,000

58,218,000 33,569,000

8,221,000 112,639,000

128,902,000 77,363,000

41,808,000 58,242,000

188,957,000 181,192,000

217,110,000 123,090,000

Alberta $

0 0

0 5,634,000

8,819,000 66,000

3,013,000 27,451,000

74,008,000 795,000

1,845,000 8,102,000

9,887,000 24,103,000

21,137,000 15,441,000

12,989,000 41,625,000

0 14,193,000

86,000 1,168,000

0 46,192,000

33,666,000 47,363,000

58,642,000 66,025,000

86,389,000 0

2,099,000 10,265,000

180,579,000 169,888,000

120,319,000 127,254,000

91,202,000 145,593,000

186,294,000 180,056,000

B.C. $

0 0

0 72,000

9,000 0

48,000 0

0 0

0 0

159,000 427,000

355,000 57,000

29,000 0

0 596,000

1,000 0

0 154,000

740,000 19,000

633,000 351,000

302,000 0

45,000 1,029,000

934,000 932,000

444,000 0

2,281,000 1,791,000

1,072,000 2,725,000

Yukon $

0 0

0 0

24,000 0

23,000 0

0 0

0 27,000

663,000 724,000

927,000 206,000

206,000 6,000

0 680,000

2,000 0

0 607,000

2,578,000 101,000

825,000 5,314,000

1,548,000 0

163,000 774,000

1,842,000 1,105,000

731,000 0

2,921,000 0

3,406,000 5,791,000

N.W.T. $

0 0

0 1,000

97,000 0

46,000 0

0 0

0 0

0 373,000

703,000 56,000

665,000 0

0 293,000

0 0

0 826,000

494,000 0

287,000 0

122,000 0

12,000 45,000

1,260,000 444,000

0 0

447,000 0

281,000 9,000

Nunavut $

9:56 AM

AIG Commercial Insurance....................... Chubb .......................................................

Co-operators General ............................... Wawanesa Mutual Insurance....................

3. 4.

1,416,336,000 1,100,900,000

Totals $

5/15/09

15. 16.

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

1. 2.

Company

(Excludes A&S and Reinsurance Companies)

By company â&#x20AC;&#x201C; on a province by province basis

2008 DIRECT WRITTEN PROPERTY

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62 –4,000 12,220,677,000

North Waterloo Farmers Mutual................ Cumis General ..........................................

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

Saskatchewan Mutual............................... Pembridge.................................................

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

CAA Insurance (Ontario)........................... Motors Insurance Corporation ..................

York Fire & Casualty ................................. XL Insurance.............................................

Tokio Marine & Nichido Fire...................... PEI Mutual ................................................

RBC Insurance.......................................... American Bankers of Florida.....................

Triton......................................................... Mennonite Mutual Fire ..............................

Echelon ..................................................... Ontario School Board................................

Hartford Fire.............................................. Boiler Inspection & Insurance ...................

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

Kings Mutual ............................................. Antigonish Farmers' Mutual ......................

Old Republic Insurance of Cda ................. Sompo Japan............................................

Clare Mutual.............................................. Mearie Group ............................................

Omega General ........................................ Legacy General.........................................

Trisura....................................................... Travelers Guarantee .................................

Chrysler Insurance....................................

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

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.

75. 76.

77. 78.

79.

9,000 2,000

1,246,000 803,000

2,101,000 1,458,000

3,509,000 2,424,000

5,592,000 3,795,000

8,676,000 8,660,000

9,567,000 9,097,000

10,238,000 10,154,000

10,837,000 10,481,000

11,514,000 10,953,000

12,533,000 12,155,000

131,827,000

0

0 0

12,000 29,000

0 0

14,000 0

0 0

13,000 0

1,000 43,000

24,000 0

224,000 0

126,000 131,000

7,000 0

0 19,000

0 0

41,799,000

0

0 0

8,000 6,000

0 0

22,000 0

5,000 0

0 0

0 17,000

14,000 0

70,000 0

45,000 52,000

1,000 12,155,000

0 1,000

58,000 0

0 0

0 0

0 56,000

0 142,000

0 0

46,000 121,000

P.E.I. $

287,307,000

–1,000

0 0

54,000 41,000

2,101,000 0

61,000 8,000

5,584,000 3,795,000

30,000 0

8,000 74,000

61,000 0

217,000 0

297,000 326,000

167,000 0

0 968,000

587,000 0

0 2,000

0 3,367,000

0 844,000

0 1,938,000

0 0

963,000 1,543,000

N.S. $

215,189,000

0

0 0

61,000 32,000

0 0

151,000 1,000

3,000 0

11,000 0

61,000 325,000

80,000 0

180,000 0

168,000 240,000

6,000 0

0 142,000

428,000 0

0 3,000

0 2,706,000

0 223,000

0 1,132,000

0 0

820,000 1,186,000

N.B. $

2,590,253,000

0

0 0

120,000 158,000

0 0

42,000 256,000

0 0

424,000 0

137,000 3,393,000

2,427,000 0

967,000 0

0 1,436,000

391,000 0

0 1,903,000

0 166,000

0 18,645,000

0 3,155,000

0 935,000

0 –10,000

32,857,000 31,733,000

10,732,000 460,000

Quebec $

4,253,496,000

0

7,000 2,000

369,000 285,000

0 1,458,000

2,342,000 1,439,000

0 0

3,413,000 298,000

1,867,000 3,127,000

3,142,000 10,154,000

5,148,000 0

6,145,000 4,963,000

6,864,000 0

16,964,000 6,171,000

17,894,000 3,118,000

0 251,000

0 14,670,000

0 13,995,000

31,184,000 12,966,000

0 0

10,197,000 6,370,000

Ontario $

451,467,000

–1,000

1,000 0

110,000 35,000

0 0

14,000 1,000

0 0

3,000 1,191,000

1,293,000 203,000

343,000 0

572,000 0

426,000 439,000

26,000 0

0 376,000

0 0

0 6,000

3,406,000 0

0 789,000

0 5,479,000

0 0

947,000 4,591,000

Manitoba $

463,483,000

0

0 0

20,000 42,000

0 0

17,000 54,000

0 0

14,000 4,049,000

2,058,000 1,145,000

248,000 0

303,000 10,481,000

334,000 383,000

72,000 0

0 2,799,000

0 1,286,000

0 8,000

14,633,000 0

0 289,000

0 1,843,000

0 0

342,000 9,651,000

Sask. $

1,815,877,000

0

0 0

46,000 76,000

0 0

779,000 110,000

0 0

1,303,000 2,597,000

3,697,000 277,000

2,146,000 0

1,967,000 0

1,708,000 1,353,000

2,217,000 0

49,000 1,758,000

0 8,343,000

94,000 34,000

7,553,000 1,390,000

5,530,000 3,433,000

0 2,966,000

0 0

2,982,000 4,652,000

Alberta $

1,916,566,000

–2,000

1,000 0

440,000 92,000

0 0

66,000 555,000

0 0

3,459,000 525,000

444,000 486,000

1,744,000 0

1,103,000 0

2,226,000 1,587,000

2,770,000 0

0 585,000

0 4,879,000

20,877,000 81,000

0 0

22,104,000 5,921,000

0 2,531,000

0 0

12,139,000 9,765,000

B.C. $

15,425,000

0

0 0

0 2,000

0 0

1,000 0

0 0

0 0

1,000 0

2,000 0

39,000 0

15,000 12,000

0 0

0 2,000

0 0

0 0

0 0

0 27,000

0 0

0 0

73,000 46,000

Yukon $

31,517,000

0

0 0

5,000 4,000

0 0

0 0

0 0

6,000 0

0 7,000

7,000 0

47,000 0

24,000 29,000

12,000 0

0 5,000

0 0

0 1,000

0 0

0 13,000

0 0

0 0

148,000 15,000

N.W.T. $

6,471,000

0

0 0

1,000 1,000

0 0

0 0

0 0

0 0

0 0

0 0

0 0

0 2,000

0 0

0 0

0 0

0 0

0 0

0 6,000

0 0

0 0

0 0

Nunavut $

9:56 AM

17,013,000 14,729,000

18,967,000 17,792,000

0 1,000

0 0

0 116,000

0 252,000

0 0

571,000 293,000

Nfld. $

(Excludes A&S and Reinsurance Companies)

By company – on a province by province basis

2008 DIRECT WRITTEN PROPERTY

5/15/09

20,971,000 19,032,000

25,592,000 25,288,000

27,634,000 26,647,000

31,184,000 29,239,000

32,857,000 31,733,000

L'Unique Assurances Generales............... Le Groupe Estrie-Richelieu.......................

43. 44.

39,960,000 38,693,000

Kingsway General..................................... Grain Insurance & Guarantee ...................

Totals $

41. 42.

Company

(Continued From Page 60)

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canadianunderwriter.ca CANADIAN UNDERWRITER STATISTICAL ISSUE 2009


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Leading Companies In The Provinces Direct Written Premiums – TOTAL BUSINESS – 2008 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................................... 107,641,000 Aviva Canada Inc....................................... 85,498,000 Co-operators General ................................ 70,624,000 AXA Canada-Group Of Companies .......... 47,134,000 The Dominion Of Canada .......................... 35,751,000 Northbridge Financial................................. 23,204,000 Economical Insurance Group .................... 19,882,000 Lloyd's Underwriters................................... 13,084,000 AIG Commercial Insurance........................ 10,082,000 TD Insurance.............................................. 9,112,000 FM Global................................................... 5,203,000 Zurich ......................................................... 4,419,000 American Bankers of Florida ..................... 3,929,000 Desjardins General .................................... 3,160,000 Green Shield .............................................. 2,763,000 ACE INA..................................................... 2,641,000 First Canadian Title.................................... 2,023,000 American Home Assurance....................... 1,894,000 Guarantee Co Of North America ............... 1,858,000 Kingsway General...................................... 1,773,000 St. Paul Fire & Marine................................ 1,694,000 Liberty Mutual............................................. 1,475,000 Portage La Prairie Mutual .......................... 1,375,000 Triton .......................................................... 1,353,000 Allianz Global Risks US ............................. 1,310,000 RBC Insurance........................................... 1,292,000 GCAN......................................................... 1,232,000 RBC General.............................................. 1,222,000 CNA Canada Group................................... 1,189,000 Travelers Guarantee .................................. 1,164,000

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.

Co-operators General ................................ Aviva Canada Inc....................................... The Dominion Of Canada .......................... PEI Mutual.................................................. SGI Canada Group .................................... Intact........................................................... RSA Canada Group................................... Wawanesa Mutual Insurance .................... Desjardins General .................................... Northbridge Financial................................. TD Insurance.............................................. Economical Insurance Group .................... Lloyd's Underwriters................................... Portage La Prairie Mutual .......................... RBC General.............................................. AIG Commercial Insurance........................ ACE INA..................................................... American Home Assurance....................... American Bankers of Florida ..................... Zurich ......................................................... FM Global................................................... CAA Insurance (Ontario)............................ St. Paul Fire & Marine................................ RBC Insurance........................................... Cumis General ........................................... Chubb......................................................... First Canadian Title.................................... Guarantee Co Of North America ............... CNA Canada Group................................... Travelers Guarantee ..................................

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

Intact........................................................... 130,573,000 RSA Canada Group................................... 113,007,000 Aviva Canada Inc....................................... 97,652,000 Economical Insurance Group .................... 66,573,000 Co-operators General ................................ 58,858,000 Wawanesa Mutual Insurance .................... 55,791,000 The Dominion Of Canada .......................... 50,302,000 TD Insurance.............................................. 49,648,000 Portage La Prairie Mutual .......................... 35,236,000 Northbridge Financial................................. 31,441,000 Desjardins General .................................... 28,335,000

Prince Edward Island 18,082,000 14,731,000 14,162,000 13,814,000 9,253,000 8,429,000 8,248,000 5,775,000 4,750,000 4,647,000 4,457,000 3,855,000 3,773,000 3,269,000 3,250,000 1,404,000 1,300,000 1,193,000 1,158,000 1,118,000 896,000 866,000 768,000 765,000 586,000 500,000 437,000 419,000 415,000 402,000

Nova Scotia

64

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

Lloyd's Underwriters................................... Pembridge.................................................. AXA Canada-Group Of Companies .......... Allstate Insurance of Canada..................... AIG Commercial Insurance........................ Zurich ......................................................... RBC General.............................................. American Bankers of Florida ..................... Kings Mutual .............................................. ACE INA..................................................... Cumis General ........................................... American Home Assurance....................... FM Global................................................... St. Paul Fire & Marine................................ Antigonish Farmers' Mutual ....................... CAA Insurance (Ontario)............................ Guarantee Co Of North America ............... Allianz Global Risks US ............................. XL Insurance ..............................................

17,750,000 17,125,000 16,634,000 11,108,000 11,002,000 10,392,000 9,178,000 7,301,000 6,306,000 5,778,000 5,658,000 4,854,000 4,651,000 4,519,000 4,300,000 4,270,000 4,236,000 3,801,000 3,680,000

1. 2. 3. 4. 5. 6. 7. 8. 9. 10. 11. 12. 13. 14. 15. 16. 17. 18. 19. 20. 21. 22. 23. 24. 25. 26. 27. 28. 29. 30.

Wawanesa Mutual Insurance .................... Aviva Canada Inc....................................... Co-operators General ................................ Economical Insurance Group .................... AXA Canada-Group Of Companies .......... Intact........................................................... State Farm Insurance Company................ RSA Canada Group................................... TD Insurance.............................................. Allstate Insurance of Canada..................... Northbridge Financial................................. The Dominion Of Canada .......................... Lloyd's Underwriters................................... AIG Commercial Insurance........................ Zurich ......................................................... Desjardins General .................................... Pembridge.................................................. FM Global................................................... Portage La Prairie Mutual .......................... ACE INA..................................................... RBC General.............................................. American Bankers of Florida ..................... Kingsway General...................................... SGI Canada Group .................................... American Home Assurance....................... Chubb......................................................... Guarantee Co Of North America ............... CAA Insurance (Ontario)............................ Cumis General ........................................... St. Paul Fire & Marine................................

1. 2. 3. 4. 5. 6. 7. 8. 9. 10. 11. 12. 13. 14. 15. 16. 17. 18. 19. 20. 21. 22. 23. 24. 25.

Intact...........................................................1,037,810,000 Desjardins General .................................... 941,089,000 AXA Canada-Group Of Companies .......... 781,957,000 Aviva Canada Inc....................................... 498,312,000 La Capitale Assurances............................. 415,816,000 Co-operators General ................................ 286,091,000 Lloyd's Underwriters................................... 240,234,000 Northbridge Financial................................. 196,099,000 TD Insurance.............................................. 190,801,000 Economical Insurance Group .................... 150,422,000 AIG Commercial Insurance........................ 143,156,000 Zurich ......................................................... 135,724,000 Industrielle Alliance .................................... 129,902,000 SSQ, Societe d'assurances ....................... 125,004,000 Chubb......................................................... 116,264,000 Jevco .......................................................... 103,193,000 L'Unique Assurances Generales ............... 94,380,000 Allstate Insurance of Canada..................... 88,677,000 Wawanesa Mutual Insurance .................... 77,190,000 RSA Canada Group................................... 76,364,000 American Bankers of Florida ..................... 51,621,000 FM Global................................................... 51,152,000 ACE INA..................................................... 50,756,000 American Home Assurance....................... 45,498,000 Guarantee Co Of North America ............... 44,930,000

New Brunswick 87,760,000 81,644,000 58,806,000 56,646,000 47,904,000 47,622,000 43,894,000 43,772,000 34,866,000 26,356,000 26,024,000 21,623,000 18,094,000 15,669,000 14,112,000 13,820,000 11,652,000 9,610,000 8,553,000 8,414,000 7,628,000 5,913,000 5,554,000 4,639,000 3,786,000 3,667,000 3,595,000 3,485,000 3,381,000 3,115,000

Quebec

26. 27. 28. 29. 30.

Allianz Global Risks US ............................. Le Groupe Estrie-Richelieu........................ St. Paul Fire & Marine................................ Affiliated FM ............................................... CNA Canada Group...................................

44,255,000 38,045,000 37,762,000 37,495,000 37,208,000

1. 2. 3. 4. 5. 6. 7. 8. 9. 10. 11. 12. 13. 14. 15. 16. 17. 18. 19. 20. 21. 22. 23. 24. 25. 26. 27. 28. 29. 30.

Intact...........................................................1,799,103,000 Aviva Canada Inc.......................................1,762,774,000 State Farm Insurance Company................1,484,921,000 Economical Insurance Group ....................1,206,203,000 TD Insurance..............................................1,145,953,000 Co-operators General ................................ 917,350,000 RSA Canada Group................................... 828,841,000 The Dominion Of Canada .......................... 742,141,000 Northbridge Financial................................. 736,824,000 Ontario Mutual Insurance........................... 499,863,000 Wawanesa Mutual Insurance .................... 447,913,000 Desjardins General .................................... 416,332,000 Lloyd's Underwriters................................... 409,121,000 AXA Canada-Group Of Companies .......... 408,087,000 Zurich ......................................................... 379,469,000 Allstate Insurance of Canada..................... 336,533,000 Chubb......................................................... 327,474,000 AIG Commercial Insurance........................ 298,364,000 RBC General.............................................. 249,403,000 Kingsway General...................................... 227,215,000 Green Shield .............................................. 209,932,000 Guarantee Co Of North America ............... 198,058,000 Motors Insurance Corporation ................... 185,623,000 Gore Mutual ............................................... 174,072,000 American Bankers of Florida ..................... 141,532,000 ACE INA..................................................... 131,462,000 Echelon ...................................................... 121,805,000 CAA Insurance (Ontario)............................ 110,941,000 York Fire & Casualty .................................. 102,059,000 CNA Canada Group................................... 98,537,000

1. 2. 3. 4. 5. 6. 7. 8. 9. 10. 11. 12. 13. 14. 15. 16. 17. 18. 19. 20. 21. 22. 23. 24. 25. 26. 27. 28. 29. 30.

Wawanesa Mutual Insurance .................... Aviva Canada Inc....................................... Intact........................................................... Red River Valley Mutual ............................ Co-operators General ................................ Portage La Prairie Mutual .......................... Lloyd's Underwriters................................... AIG Commercial Insurance........................ Northbridge Financial................................. RSA Canada Group................................... Zurich ......................................................... SGI Canada Group .................................... CNA Canada Group................................... AXA Canada-Group Of Companies .......... St. Paul Fire & Marine................................ Chubb......................................................... Co-operative Hail ....................................... ACE INA..................................................... American Bankers of Florida ..................... Peace Hills ................................................. Alberta Motor Association.......................... Green Shield .............................................. FM Global................................................... Cumis General ........................................... GCAN......................................................... RBC Insurance........................................... Economical Insurance Group .................... First Canadian Title.................................... Grain Insurance & Guarantee.................... Guarantee Co Of North America ...............

Ontario

Manitoba 82,355,000 59,422,000 56,202,000 48,213,000 41,371,000 39,791,000 35,663,000 22,880,000 18,928,000 16,123,000 15,157,000 14,346,000 11,942,000 10,798,000 10,684,000 9,911,000 9,892,000 9,771,000 9,114,000 9,107,000 8,445,000 7,939,000 7,571,000 7,016,000 6,892,000 6,783,000 6,725,000 6,261,000 5,977,000 5,253,000

Saskatchewan 1. 2. 3. 4. 5. 6.

SGI Canada Group .................................... 302,875,000 Wawanesa Mutual Insurance .................... 74,631,000 Co-operators General ................................ 57,855,000 Aviva Canada Inc....................................... 43,409,000 Co-operative Hail ....................................... 40,659,000 Lloyd's Underwriters................................... 28,786,000

canadianunderwriter.ca CANADIAN UNDERWRITER STATISTICAL ISSUE 2009


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Leading Companies In The Provinces Direct Written Premiums – TOTAL BUSINESS – 2008 7. 8. 9. 10. 11. 12. 13. 14. 15. 16. 17. 18. 19. 20. 21. 22. 23. 24. 25. 26. 27. 28. 29. 30.

Northbridge Financial................................. Saskatchewan Mutual................................ AIG Commercial Insurance........................ Zurich ......................................................... Grain Insurance & Guarantee.................... Mennonite Mutual Fire ............................... ACE INA..................................................... RSA Canada Group................................... GCAN......................................................... Allianz Global Risks US ............................. Portage La Prairie Mutual .......................... St. Paul Fire & Marine................................ American Bankers of Florida ..................... FM Global................................................... American Home Assurance....................... CNA Canada Group................................... First Canadian Title.................................... AXA Canada-Group Of Companies .......... Chubb......................................................... XL Insurance .............................................. RBC Insurance........................................... Liberty Mutual............................................. Peace Hills ................................................. Travelers Guarantee ..................................

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........................................................... Wawanesa Mutual Insurance .................... Co-operators General ................................ TD Insurance.............................................. Aviva Canada Inc....................................... RSA Canada Group................................... Lloyd's Underwriters................................... Alberta Motor Association.......................... Economical Insurance Group .................... Northbridge Financial................................. AXA Canada-Group Of Companies .......... Zurich ......................................................... State Farm Insurance Company................ The Dominion Of Canada .......................... AIG Commercial Insurance........................ Peace Hills ................................................. Allstate Insurance of Canada..................... Chubb......................................................... American Home Assurance....................... ACE INA..................................................... GCAN......................................................... St. Paul Fire & Marine................................ CNA Canada Group................................... American Bankers of Florida ..................... Canadian Direct Insurance ........................ Desjardins General .................................... Allianz Global Risks US ............................. FM Global................................................... Liberty Mutual............................................. Kingsway General......................................

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

Lloyd's Underwriters................................... RSA Canada Group................................... Aviva Canada Inc....................................... Intact........................................................... Economical Insurance Group .................... AXA Canada-Group Of Companies .......... Wawanesa Mutual Insurance .................... Northbridge Financial................................. Co-operators General ................................ Zurich ......................................................... AIG Commercial Insurance........................ Chubb......................................................... American Bankers of Florida ..................... BCAA Insurance Corporation .................... The Dominion Of Canada .......................... Canadian Direct Insurance ........................ FM Global................................................... Gore Mutual ............................................... Travelers Guarantee .................................. CNA Canada Group...................................

24,854,000 21,975,000 19,000,000 14,996,000 12,227,000 11,713,000 11,105,000 10,773,000 10,601,000 8,741,000 8,709,000 8,521,000 7,910,000 7,658,000 7,362,000 6,538,000 5,844,000 4,944,000 4,702,000 4,241,000 4,237,000 4,180,000 4,157,000 4,095,000

Alberta 835,977,000 594,658,000 498,310,000 463,027,000 390,560,000 329,819,000 291,958,000 229,942,000 197,080,000 185,075,000 179,125,000 171,066,000 154,400,000 148,891,000 140,570,000 106,846,000 80,217,000 78,532,000 77,463,000 68,048,000 54,609,000 51,958,000 51,020,000 44,904,000 44,107,000 43,324,000 37,745,000 37,119,000 35,485,000 29,101,000

British Columbia 352,021,000 274,740,000 251,848,000 236,892,000 212,849,000 207,340,000 152,691,000 142,321,000 130,075,000 107,737,000 98,588,000 88,667,000 79,470,000 78,132,000 68,254,000 62,947,000 55,054,000 48,258,000 47,739,000 43,600,000

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

Green Shield .............................................. St. Paul Fire & Marine................................ GCAN......................................................... RBC Insurance........................................... Optimum General....................................... ACE INA..................................................... Allianz Global Risks US ............................. Peace Hills ................................................. American Home Assurance....................... Mutual Fire Insurance Co of BC ................

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 .................... Co-operators General ................................ Aviva Canada Inc....................................... TD Insurance.............................................. Intact........................................................... Lloyd's Underwriters................................... RSA Canada Group................................... The Dominion Of Canada .......................... AXA Canada-Group Of Companies .......... St. Paul Fire & Marine................................ AIG Commercial Insurance........................ Zurich ......................................................... Northbridge Financial................................. Peace Hills ................................................. American Home Assurance....................... ACE INA..................................................... Allianz Global Risks US ............................. American Bankers of Florida ..................... National Liability & Fire .............................. Desjardins General .................................... GCAN......................................................... Liberty Mutual............................................. Economical Insurance Group .................... RBC General.............................................. Kingsway General...................................... State Farm Insurance Company................ Green Shield .............................................. Chubb......................................................... FM Global................................................... CNA Canada Group...................................

1. 2. 3. 4. 5. 6. 7. 8. 9. 10. 11. 12. 13. 14. 15. 16. 17. 18. 19. 20. 21. 22. 23. 24. 25. 26. 27. 28. 29. 30.

Aviva Canada Inc....................................... Intact........................................................... Zurich ......................................................... Lloyd's Underwriters................................... Co-operators General ................................ RSA Canada Group................................... AIG Commercial Insurance........................ TD Insurance.............................................. Northbridge Financial................................. AXA Canada-Group Of Companies .......... St. Paul Fire & Marine................................ Allianz Global Risks US ............................. The Dominion Of Canada .......................... Peace Hills ................................................. American Bankers of Florida ..................... Desjardins General .................................... ACE INA..................................................... CNA Canada Group................................... FM Global................................................... GCAN......................................................... National Liability & Fire .............................. State Farm Insurance Company................ American Home Assurance....................... Economical Insurance Group .................... Chubb......................................................... Wawanesa Mutual Insurance .................... Guarantee Co Of North America ............... Kingsway General...................................... Green Shield .............................................. RBC General..............................................

41,439,000 38,153,000 34,269,000 32,928,000 31,680,000 26,778,000 26,535,000 24,103,000 23,729,000 23,222,000

Yukon Territory 5,646,000 5,502,000 5,183,000 4,574,000 4,504,000 3,201,000 2,817,000 1,894,000 1,143,000 1,030,000 1,024,000 984,000 929,000 928,000 664,000 659,000 620,000 533,000 486,000 396,000 299,000 234,000 233,000 219,000 214,000 198,000 195,000 179,000 179,000 150,000

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................................... St. Paul Fire & Marine................................ RSA Canada Group................................... FM Global................................................... Intact........................................................... ACE INA..................................................... Co-operators General ................................ AIG Commercial Insurance........................ The Dominion Of Canada .......................... Peace Hills ................................................. Northbridge Financial................................. Aviva Canada Inc....................................... TD Insurance.............................................. American Home Assurance....................... CNA Canada Group................................... AXA Canada-Group Of Companies .......... Zurich ......................................................... American Bankers of Florida ..................... Economical Insurance Group .................... State Farm Insurance Company................ Travelers Guarantee .................................. Wawanesa Mutual Insurance .................... RBC General.............................................. Desjardins General .................................... Boiler Inspection & Insurance .................... GCAN......................................................... Green Shield .............................................. First Canadian Title.................................... National Liability & Fire .............................. Allstate Insurance of Canada.....................

2,053,000 1,851,000 1,443,000 1,016,000 839,000 787,000 701,000 617,000 507,000 461,000 390,000 309,000 238,000 231,000 190,000 154,000 132,000 128,000 122,000 115,000 111,000 110,000 90,000 82,000 60,000 57,000 55,000 54,000 39,000 36,000

Notes:

Northwest Territories

CANADIAN UNDERWRITER STATISTICAL ISSUE 2009

10,564,000 8,806,000 8,559,000 6,399,000 6,179,000 3,920,000 3,911,000 3,242,000 3,029,000 2,974,000 2,068,000 2,002,000 1,649,000 1,582,000 1,444,000 1,082,000 987,000 685,000 662,000 623,000 616,000 557,000 549,000 543,000 512,000 512,000 372,000 303,000 295,000 209,000 65


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Leading Companies In The Provinces Direct Written Premiums – PROPERTY – 2008 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 ................................ Aviva Canada Inc....................................... AXA Canada-Group Of Companies .......... Northbridge Financial................................. The Dominion Of Canada .......................... AIG Commercial Insurance........................ Lloyd's Underwriters................................... Economical Insurance Group .................... FM Global................................................... TD Insurance.............................................. Zurich ......................................................... American Home Assurance....................... ACE INA..................................................... Desjardins General .................................... St. Paul Fire & Marine................................ GCAN......................................................... Liberty Mutual............................................. Kingsway General...................................... Affiliated FM ............................................... Portage La Prairie Mutual .......................... Allianz Global Risks US ............................. Grain Insurance & Guarantee.................... RBC General.............................................. Cumis General ........................................... Triton .......................................................... Intact........................................................... American Bankers of Florida ..................... RBC Insurance........................................... SecuriCAN .................................................

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.................................................. Co-operators General ................................ The Dominion Of Canada .......................... Aviva Canada Inc....................................... Intact........................................................... RSA Canada Group................................... SGI Canada Group .................................... Economical Insurance Group .................... Northbridge Financial................................. Lloyd's Underwriters................................... Wawanesa Mutual Insurance .................... American Home Assurance....................... FM Global................................................... AIG Commercial Insurance........................ ACE INA..................................................... Desjardins General .................................... TD Insurance.............................................. Zurich ......................................................... Portage La Prairie Mutual .......................... Guarantee Co Of North America ............... St. Paul Fire & Marine................................ Affiliated FM ............................................... Allianz Global Risks US ............................. RBC General.............................................. Cumis General ........................................... Grain Insurance & Guarantee.................... GCAN......................................................... Chubb......................................................... Liberty Mutual............................................. Triton ..........................................................

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

Intact........................................................... RSA Canada Group................................... Aviva Canada Inc....................................... Co-operators General ................................ Economical Insurance Group .................... The Dominion Of Canada .......................... Wawanesa Mutual Insurance .................... TD Insurance.............................................. Portage La Prairie Mutual .......................... Northbridge Financial................................. Lloyd's Underwriters...................................

27,765,000 25,316,000 20,174,000 10,850,000 7,085,000 6,018,000 5,969,000 5,136,000 4,854,000 4,304,000 2,718,000 2,414,000 1,284,000 1,279,000 776,000 719,000 639,000 572,000 571,000 569,000 398,000 354,000 293,000 273,000 252,000 224,000 210,000 131,000 126,000 116,000

Prince Edward Island 12,155,000 5,566,000 3,462,000 2,778,000 2,288,000 2,111,000 1,669,000 1,350,000 1,257,000 1,227,000 934,000 750,000 710,000 691,000 689,000 573,000 570,000 560,000 527,000 213,000 211,000 193,000 171,000 148,000 142,000 121,000 103,000 91,000 80,000 70,000

Nova Scotia

66

46,489,000 33,226,000 28,379,000 26,099,000 24,042,000 14,420,000 13,744,000 12,694,000 9,015,000 8,519,000 7,187,000

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

Desjardins General .................................... AXA Canada-Group Of Companies .......... Kings Mutual .............................................. FM Global................................................... Antigonish Farmers' Mutual ....................... Zurich ......................................................... American Home Assurance....................... Pembridge.................................................. Allstate Insurance of Canada..................... AIG Commercial Insurance........................ RBC General.............................................. Clare Mutual............................................... Cumis General ........................................... Allianz Global Risks US ............................. Grain Insurance & Guarantee.................... St. Paul Fire & Marine................................ Affiliated FM ............................................... XL Insurance .............................................. Kingsway General......................................

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.

Aviva Canada Inc....................................... Co-operators General ................................ Intact........................................................... Wawanesa Mutual Insurance .................... Economical Insurance Group .................... State Farm Insurance Company................ RSA Canada Group................................... AXA Canada-Group Of Companies .......... Lloyd's Underwriters................................... FM Global................................................... TD Insurance.............................................. Northbridge Financial................................. The Dominion Of Canada .......................... Allstate Insurance of Canada..................... AIG Commercial Insurance........................ Zurich ......................................................... Desjardins General .................................... Portage La Prairie Mutual .......................... Pembridge.................................................. Chubb......................................................... Allianz Global Risks US ............................. GCAN......................................................... RBC General.............................................. Liberty Mutual............................................. SGI Canada Group .................................... Grain Insurance & Guarantee.................... Cumis General ........................................... ACE INA..................................................... CNA Canada Group................................... American Home Assurance....................... Kingsway General......................................

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

Intact........................................................... Desjardins General .................................... AXA Canada-Group Of Companies .......... Aviva Canada Inc....................................... La Capitale Assurances............................. Co-operators General ................................ Lloyd's Underwriters................................... Economical Insurance Group .................... TD Insurance.............................................. Northbridge Financial................................. AIG Commercial Insurance........................ Zurich ......................................................... Chubb......................................................... SSQ, Societe d'assurances ....................... Industrielle Alliance .................................... FM Global................................................... Allstate Insurance of Canada..................... Affiliated FM ............................................... L'Unique Assurances Generales ............... Le Groupe Estrie-Richelieu........................ RSA Canada Group................................... Guarantee Co Of North America ............... American Home Assurance.......................

6,817,000 6,485,000 5,584,000 3,906,000 3,795,000 3,421,000 3,381,000 3,367,000 2,868,000 2,430,000 2,168,000 2,101,000 1,938,000 1,826,000 1,543,000 1,489,000 1,242,000 968,000 963,000

New Brunswick 23,740,000 22,239,000 18,351,000 18,095,000 15,708,000 13,342,000 12,776,000 11,329,000 8,309,000 7,954,000 7,376,000 6,642,000 5,707,000 5,497,000 5,363,000 5,233,000 2,820,000 2,795,000 2,706,000 2,006,000 1,833,000 1,473,000 1,331,000 1,263,000 1,253,000 1,186,000 1,132,000 1,102,000 1,024,000 933,000 820,000

Quebec 424,437,000 418,321,000 317,211,000 206,259,000 143,631,000 119,930,000 89,694,000 77,848,000 77,516,000 57,592,000 51,720,000 50,765,000 50,141,000 42,603,000 42,496,000 40,907,000 34,963,000 33,832,000 32,857,000 31,733,000 25,878,000 25,089,000 24,898,000

24. 25. 26. 27. 28. 29. 30.

Wawanesa Mutual Insurance .................... Jevco .......................................................... Optimum General....................................... ACE INA..................................................... St. Paul Fire & Marine................................ GCAN......................................................... Liberty Mutual.............................................

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........................................................... Aviva Canada Inc....................................... State Farm Insurance Company................ Economical Insurance Group .................... Co-operators General ................................ Ontario Mutual Insurance........................... TD Insurance.............................................. The Dominion Of Canada .......................... RSA Canada Group................................... Northbridge Financial................................. Chubb......................................................... Zurich ......................................................... AXA Canada-Group Of Companies .......... Lloyd's Underwriters................................... Wawanesa Mutual Insurance .................... AIG Commercial Insurance........................ Allstate Insurance of Canada..................... Desjardins General .................................... FM Global................................................... Gore Mutual ............................................... Guarantee Co Of North America ............... RBC General.............................................. Allianz Global Risks US ............................. North Waterloo Farmers Mutual ................ American Home Assurance....................... ACE INA..................................................... GCAN......................................................... Affiliated FM ............................................... St. Paul Fire & Marine................................ CAA Insurance (Ontario)............................

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 .................... Intact........................................................... Red River Valley Mutual ............................ Aviva Canada Inc....................................... Portage La Prairie Mutual .......................... Co-operators General ................................ Lloyd's Underwriters................................... AIG Commercial Insurance........................ SGI Canada Group .................................... Northbridge Financial................................. Zurich ......................................................... Peace Hills ................................................. Alberta Motor Association.......................... St. Paul Fire & Marine................................ RSA Canada Group................................... FM Global................................................... Economical Insurance Group .................... Cumis General ........................................... CNA Canada Group................................... Grain Insurance & Guarantee.................... Desjardins General .................................... Optimum General....................................... American Home Assurance....................... ACE INA..................................................... Saskatchewan Mutual................................ Chubb......................................................... GCAN......................................................... Affiliated FM ............................................... AXA Canada-Group Of Companies .......... TD Insurance..............................................

20,167,000 18,645,000 18,471,000 18,235,000 14,818,000 14,803,000 14,469,000

Ontario 468,778,000 439,274,000 323,153,000 309,172,000 274,369,000 254,733,000 227,423,000 191,883,000 185,391,000 174,613,000 136,904,000 113,049,000 112,636,000 107,960,000 98,807,000 89,173,000 86,059,000 63,537,000 53,618,000 51,971,000 48,793,000 43,777,000 32,817,000 31,184,000 30,663,000 29,921,000 28,369,000 25,457,000 24,036,000 17,894,000

Manitoba 79,264,000 46,020,000 45,565,000 42,514,000 38,005,000 35,746,000 16,085,000 14,146,000 12,303,000 10,420,000 9,490,000 9,107,000 8,445,000 6,621,000 6,445,000 6,256,000 5,604,000 5,479,000 5,130,000 4,591,000 4,453,000 3,961,000 3,917,000 3,511,000 3,406,000 3,223,000 2,819,000 2,753,000 2,399,000 1,969,000

Saskatchewan 1. 2. 3. 4.

SGI Canada Group .................................... 154,330,000 Wawanesa Mutual Insurance .................... 71,460,000 Co-operators General ................................ 44,007,000 Aviva Canada Inc....................................... 26,111,000

canadianunderwriter.ca CANADIAN UNDERWRITER STATISTICAL ISSUE 2009


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Leading Companies In The Provinces Direct Written Premiums – PROPERTY – 2008 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................................ Northbridge Financial................................. Lloyd's Underwriters................................... Mennonite Mutual Fire ............................... Zurich ......................................................... AIG Commercial Insurance........................ Grain Insurance & Guarantee.................... Portage La Prairie Mutual .......................... FM Global................................................... RSA Canada Group................................... Allianz Global Risks US ............................. ACE INA..................................................... American Home Assurance....................... GCAN......................................................... St. Paul Fire & Marine................................ Peace Hills ................................................. Pool Insurance ........................................... Red River Valley Mutual ............................ CNA Canada Group................................... XL Insurance .............................................. Liberty Mutual............................................. Hartford Fire ............................................... Cumis General ........................................... The Dominion Of Canada .......................... Intact........................................................... TD Insurance..............................................

1. 2. 3. 4. 5. 6. 7. 8. 9. 10. 11. 12. 13. 14. 15. 16. 17. 18. 19. 20. 21. 22. 23. 24. 25. 26. 27. 28. 29. 30.

Intact........................................................... Co-operators General ................................ Wawanesa Mutual Insurance .................... Lloyd's Underwriters................................... Aviva Canada Inc....................................... TD Insurance.............................................. RSA Canada Group................................... AIG Commercial Insurance........................ Economical Insurance Group .................... Northbridge Financial................................. Zurich ......................................................... American Home Assurance....................... The Dominion Of Canada .......................... Alberta Motor Association.......................... Peace Hills ................................................. AXA Canada-Group Of Companies .......... State Farm Insurance Company................ Chubb......................................................... FM Global................................................... ACE INA..................................................... CNA Canada Group................................... GCAN......................................................... St. Paul Fire & Marine................................ Allstate Insurance of Canada..................... Allianz Global Risks US ............................. Liberty Mutual............................................. Portage La Prairie Mutual .......................... Motors Insurance Corporation ................... Desjardins General .................................... Saskatchewan Mutual................................

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

Intact........................................................... Lloyd's Underwriters................................... Aviva Canada Inc....................................... RSA Canada Group................................... Wawanesa Mutual Insurance .................... Economical Insurance Group .................... AXA Canada-Group Of Companies .......... Co-operators General ................................ Northbridge Financial................................. BCAA Insurance Corporation .................... Zurich ......................................................... The Dominion Of Canada .......................... Chubb......................................................... FM Global................................................... Gore Mutual ............................................... AIG Commercial Insurance........................ Optimum General.......................................

14,633,000 14,359,000 13,467,000 10,481,000 10,118,000 9,961,000 9,651,000 7,211,000 6,464,000 6,421,000 5,848,000 5,568,000 4,761,000 4,607,000 4,504,000 4,157,000 4,049,000 3,081,000 3,037,000 2,799,000 2,721,000 2,058,000 1,843,000 1,613,000 1,600,000 1,597,000

Alberta 217,110,000 188,957,000 181,192,000 128,902,000 123,090,000 112,639,000 77,363,000 68,412,000 58,242,000 58,218,000 51,591,000 50,293,000 49,394,000 45,579,000 42,251,000 41,808,000 33,569,000 30,445,000 28,441,000 27,524,000 23,183,000 20,978,000 17,920,000 17,853,000 15,141,000 11,000,000 8,690,000 8,343,000 8,221,000 7,553,000

British Columbia 186,294,000 180,579,000 180,056,000 169,888,000 145,593,000 127,254,000 120,319,000 91,202,000 86,389,000 74,008,000 66,025,000 58,642,000 47,363,000 46,192,000 41,625,000 33,666,000 27,451,000

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

Peace Hills ................................................. Canadian Direct Insurance ........................ St. Paul Fire & Marine................................ Mutual Fire Insurance Co of BC ................ GCAN......................................................... American Home Assurance....................... ACE INA..................................................... Kingsway General...................................... TD Insurance.............................................. Allianz Global Risks US ............................. Grain Insurance & Guarantee.................... CNA Canada Group................................... Affiliated FM ...............................................

1. 2. 3. 4. 5. 6. 7. 8. 9. 10. 11. 12. 13. 14. 15. 16. 17. 18. 19. 20. 21. 22. 23. 24. 25. 26. 27. 28. 29. 30.

Aviva Canada Inc....................................... Co-operators General ................................ Wawanesa Mutual Insurance .................... Intact........................................................... TD Insurance.............................................. Lloyd's Underwriters................................... RSA Canada Group................................... AIG Commercial Insurance........................ The Dominion Of Canada .......................... American Home Assurance....................... AXA Canada-Group Of Companies .......... Peace Hills ................................................. St. Paul Fire & Marine................................ Zurich ......................................................... Northbridge Financial................................. Allianz Global Risks US ............................. FM Global................................................... Kingsway General...................................... Liberty Mutual............................................. GCAN......................................................... RBC General.............................................. Grain Insurance & Guarantee.................... Desjardins General .................................... Triton .......................................................... ACE INA..................................................... SecuriCAN ................................................. Chubb......................................................... RBC Insurance........................................... American Bankers of Florida ..................... CNA Canada Group...................................

1. 2. 3. 4. 5. 6. 7. 8. 9. 10. 11. 12. 13. 14. 15. 16. 17. 18. 19. 20. 21. 22. 23. 24. 25. 26. 27. 28. 29. 30.

Aviva Canada Inc....................................... Zurich ......................................................... Intact........................................................... Co-operators General ................................ AIG Commercial Insurance........................ Lloyd's Underwriters................................... Northbridge Financial................................. RSA Canada Group................................... St. Paul Fire & Marine................................ The Dominion Of Canada .......................... TD Insurance.............................................. AXA Canada-Group Of Companies .......... Peace Hills ................................................. American Home Assurance....................... Allianz Global Risks US ............................. FM Global................................................... GCAN......................................................... ACE INA..................................................... Desjardins General .................................... Kingsway General...................................... Chubb......................................................... Triton .......................................................... American Bankers of Florida ..................... Affiliated FM ............................................... RBC Insurance........................................... CNA Canada Group................................... RBC General.............................................. Grain Insurance & Guarantee.................... SecuriCAN ................................................. Tokio Marine & Nichido Fire ......................

24,103,000 22,104,000 21,137,000 20,877,000 15,441,000 14,193,000 12,989,000 12,139,000 10,265,000 9,887,000 9,765,000 8,819,000 8,102,000

Yukon Territory 2,725,000 2,281,000 1,791,000 1,072,000 1,029,000 934,000 932,000 740,000 633,000 596,000 444,000 427,000 355,000 351,000 302,000 159,000 154,000 73,000 72,000 57,000 48,000 46,000 45,000 39,000 29,000 27,000 19,000 15,000 12,000 9,000

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

Lloyd's Underwriters................................... FM Global................................................... St. Paul Fire & Marine................................ ACE INA..................................................... AIG Commercial Insurance........................ Co-operators General ................................ RSA Canada Group................................... Peace Hills ................................................. American Home Assurance....................... The Dominion Of Canada .......................... Intact........................................................... Northbridge Financial................................. CNA Canada Group................................... GCAN......................................................... RBC General.............................................. TD Insurance.............................................. Desjardins General .................................... Aviva Canada Inc....................................... SecuriCAN ................................................. American Bankers of Florida ..................... Liberty Mutual............................................. Legacy General.......................................... Omega General .........................................

1,260,000 826,000 703,000 665,000 494,000 447,000 444,000 373,000 293,000 287,000 281,000 122,000 97,000 56,000 46,000 45,000 12,000 9,000 6,000 2,000 1,000 1,000 1,000

Notes:

Northwest Territories

CANADIAN UNDERWRITER STATISTICAL ISSUE 2009

5,791,000 5,314,000 3,406,000 2,921,000 2,578,000 1,842,000 1,548,000 1,105,000 927,000 825,000 774,000 731,000 724,000 680,000 663,000 607,000 206,000 206,000 163,000 148,000 101,000 47,000 29,000 27,000 24,000 24,000 23,000 15,000 13,000 12,000 67


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Leading Companies In The Provinces Direct Written Premiums – AUTOMOBILE – 2008 Newfoundland 1. 2. 3. 4. 5. 6. 7. 8. 9. 10. 11. 12. 13. 14. 15. 16. 17. 18. 19. 20. 21. 22. 23. 24. 25. 26. 27. 28. 29. 30.

RSA Canada Group................................... Aviva Canada Inc....................................... Co-operators General ................................ AXA Canada-Group Of Companies .......... The Dominion Of Canada .......................... Economical Insurance Group .................... Northbridge Financial................................. TD Insurance.............................................. Desjardins General .................................... Kingsway General...................................... Zurich ......................................................... RBC General.............................................. Portage La Prairie Mutual .......................... St. Paul Fire & Marine................................ AIG Commercial Insurance........................ Motors Insurance Corporation ................... ACE INA..................................................... Cumis General ........................................... Liberty Mutual............................................. American Road Insurance ......................... Allianz Global Risks US ............................. GCAN......................................................... Old Republic Insurance of Cda.................. CNA Canada Group................................... American Home Assurance....................... Guarantee Co Of North America ............... Chubb......................................................... Intact........................................................... Mitsui Sumitomo......................................... Tokio Marine & Nichido Fire ......................

1. 2. 3. 4. 5. 6. 7. 8. 9. 10. 11. 12. 13. 14. 15. 16. 17. 18. 19. 20. 21. 22. 23. 24. 25. 26. 27. 28. 29. 30.

Aviva Canada Inc....................................... The Dominion Of Canada .......................... Co-operators General ................................ SGI Canada Group .................................... RSA Canada Group................................... Intact........................................................... Wawanesa Mutual Insurance .................... Desjardins General .................................... TD Insurance.............................................. RBC General.............................................. Portage La Prairie Mutual .......................... Economical Insurance Group .................... Northbridge Financial................................. CAA Insurance (Ontario)............................ Zurich ......................................................... Echelon ...................................................... ACE INA..................................................... Cumis General ........................................... St. Paul Fire & Marine................................ Old Republic Insurance of Cda.................. AIG Commercial Insurance........................ Motors Insurance Corporation ................... American Home Assurance....................... Chrysler Insurance..................................... Guarantee Co Of North America ............... GCAN......................................................... Allianz Global Risks US ............................. American Road Insurance ......................... Chubb......................................................... CNA Canada Group...................................

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

Intact........................................................... RSA Canada Group................................... Aviva Canada Inc....................................... Wawanesa Mutual Insurance .................... Economical Insurance Group .................... TD Insurance.............................................. The Dominion Of Canada .......................... Co-operators General ................................ Portage La Prairie Mutual .......................... Desjardins General .................................... Northbridge Financial.................................

74,875,000 57,731,000 41,214,000 34,598,000 28,339,000 13,482,000 9,187,000 6,305,000 2,384,000 1,014,000 967,000 949,000 925,000 684,000 479,000 193,000 191,000 151,000 140,000 116,000 100,000 79,000 73,000 73,000 68,000 60,000 56,000 44,000 32,000 19,000

Prince Edward Island 10,430,000 10,217,000 10,056,000 7,199,000 5,366,000 5,210,000 4,673,000 4,177,000 3,887,000 3,102,000 2,671,000 2,085,000 2,052,000 801,000 379,000 273,000 233,000 173,000 150,000 83,000 65,000 22,000 21,000 19,000 17,000 15,000 10,000 4,000 2,000 1,000

Nova Scotia

68

74,967,000 63,766,000 58,110,000 40,560,000 37,651,000 36,954,000 33,596,000 25,856,000 25,184,000 21,518,000 13,979,000

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

Pembridge.................................................. AXA Canada-Group Of Companies .......... Allstate Insurance of Canada..................... RBC General.............................................. Zurich ......................................................... CAA Insurance (Ontario)............................ Cumis General ........................................... ACE INA..................................................... Kingsway General...................................... Echelon ...................................................... SGI Canada Group .................................... Pafco .......................................................... AIG Commercial Insurance........................ Old Republic Insurance of Cda.................. Guarantee Co Of North America ............... St. Paul Fire & Marine................................ American Home Assurance....................... Motors Insurance Corporation ................... Liberty Mutual.............................................

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....................................... Economical Insurance Group .................... AXA Canada-Group Of Companies .......... Co-operators General ................................ State Farm Insurance Company................ TD Insurance.............................................. RSA Canada Group................................... Intact........................................................... Allstate Insurance of Canada..................... The Dominion Of Canada .......................... Northbridge Financial................................. Desjardins General .................................... Pembridge.................................................. Zurich ......................................................... RBC General.............................................. Portage La Prairie Mutual .......................... Kingsway General...................................... ACE INA..................................................... CAA Insurance (Ontario)............................ SGI Canada Group .................................... Pafco .......................................................... St. Paul Fire & Marine................................ AIG Commercial Insurance........................ Old Republic Insurance of Cda.................. American Home Assurance....................... Guarantee Co Of North America ............... Liberty Mutual............................................. Cumis General ........................................... 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.

Intact........................................................... Desjardins General .................................... AXA Canada-Group Of Companies .......... La Capitale Assurances............................. Aviva Canada Inc....................................... Co-operators General ................................ TD Insurance.............................................. SSQ, Societe d'assurances ....................... Industrielle Alliance .................................... Northbridge Financial................................. Jevco .......................................................... Wawanesa Mutual Insurance .................... Economical Insurance Group .................... Allstate Insurance of Canada..................... L'Unique Assurances Generales ............... Zurich ......................................................... Kingsway General...................................... Pafco .......................................................... RSA Canada Group................................... RBC General.............................................. Echelon ...................................................... Chubb......................................................... ACE INA..................................................... Lloyd's Underwriters................................... Motors Insurance Corporation ...................

13,758,000 8,250,000 8,240,000 7,010,000 3,701,000 3,622,000 2,924,000 2,059,000 1,450,000 1,414,000 1,268,000 930,000 924,000 741,000 725,000 592,000 565,000 372,000 300,000

New Brunswick 68,458,000 51,202,000 37,356,000 33,379,000 31,135,000 29,066,000 27,490,000 25,755,000 24,532,000 20,859,000 14,553,000 13,976,000 11,000,000 8,946,000 6,634,000 6,297,000 5,376,000 4,289,000 4,170,000 3,014,000 3,008,000 1,646,000 1,549,000 1,463,000 1,439,000 661,000 503,000 275,000 250,000 218,000

Quebec 542,688,000 502,889,000 321,992,000 256,315,000 238,636,000 136,869,000 112,731,000 82,401,000 75,788,000 72,157,000 66,988,000 56,972,000 55,221,000 53,714,000 50,165,000 35,192,000 20,944,000 18,609,000 14,464,000 14,165,000 10,389,000 8,818,000 7,127,000 6,298,000 4,745,000

26. 27. 28. 29. 30.

Optimum General....................................... AIG Commercial Insurance........................ St. Paul Fire & Marine................................ Chrysler Insurance..................................... Allianz Global Risks US .............................

4,063,000 3,855,000 2,880,000 2,843,000 2,520,000

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...........................................................1,160,559,000 State Farm Insurance Company................1,119,314,000 Aviva Canada Inc.......................................1,101,298,000 TD Insurance.............................................. 914,565,000 Economical Insurance Group .................... 799,205,000 Co-operators General ................................ 567,846,000 RSA Canada Group................................... 538,264,000 The Dominion Of Canada .......................... 491,990,000 Northbridge Financial................................. 407,751,000 Desjardins General .................................... 352,795,000 Wawanesa Mutual Insurance .................... 342,442,000 AXA Canada-Group Of Companies .......... 250,876,000 Allstate Insurance of Canada..................... 250,474,000 Kingsway General...................................... 207,400,000 RBC General.............................................. 205,255,000 Ontario Mutual Insurance........................... 196,646,000 Gore Mutual ............................................... 109,405,000 Zurich ......................................................... 103,297,000 CAA Insurance (Ontario)............................ 92,564,000 Echelon ...................................................... 90,774,000 York Fire & Casualty .................................. 81,979,000 Guarantee Co Of North America ............... 79,177,000 Pembridge.................................................. 61,504,000 Chubb......................................................... 49,945,000 Motors Insurance Corporation ................... 49,125,000 Jevco .......................................................... 36,930,000 Pafco .......................................................... 33,028,000 ACE INA..................................................... 27,518,000 Old Republic Insurance of Cda.................. 23,753,000 Cumis General ........................................... 22,423,000

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.

Aviva Canada Inc....................................... ACE INA..................................................... Saskatchewan Mutual................................ Intact........................................................... Northbridge Financial................................. Zurich ......................................................... CNA Canada Group................................... AIG Commercial Insurance........................ Motors Insurance Corporation ................... American Home Assurance....................... RBC General.............................................. Co-operators General ................................ American Road Insurance ......................... Chrysler Insurance..................................... Liberty Mutual............................................. The Dominion Of Canada .......................... Allianz Global Risks US ............................. Chubb......................................................... RSA Canada Group................................... Old Republic Insurance of Cda.................. SGI Canada Group .................................... Cumis General ........................................... XL Insurance .............................................. Hartford Fire ............................................... GCAN......................................................... AXA Canada-Group Of Companies .......... St. Paul Fire & Marine................................ Mitsui Sumitomo......................................... Guarantee Co Of North America ............... Economical Insurance Group ....................

Ontario

Manitoba 1,244,000 1,187,000 1,117,000 1,066,000 1,022,000 660,000 558,000 430,000 409,000 311,000 232,000 195,000 189,000 159,000 145,000 115,000 71,000 59,000 58,000 44,000 35,000 19,000 10,000 8,000 5,000 4,000 3,000 1,000 1,000 1,000

Saskatchewan 1. 2. 3. 4. 5. 6.

SGI Canada Group .................................... 115,289,000 Co-operators General ................................ 7,522,000 Saskatchewan Mutual................................ 5,503,000 Aviva Canada Inc....................................... 4,904,000 Northbridge Financial................................. 2,415,000 Zurich ......................................................... 1,773,000

canadianunderwriter.ca CANADIAN UNDERWRITER STATISTICAL ISSUE 2009


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Leading Companies In The Provinces Direct Written Premiums – AUTOMOBILE – 2008 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................................... Portage La Prairie Mutual .......................... St. Paul Fire & Marine................................ ACE INA..................................................... AIG Commercial Insurance........................ Motors Insurance Corporation ................... Mennonite Mutual Fire ............................... Liberty Mutual............................................. American Road Insurance ......................... American Home Assurance....................... RSA Canada Group................................... Chrysler Insurance..................................... Echelon ...................................................... Allianz Global Risks US ............................. RBC General.............................................. AXA Canada-Group Of Companies .......... Chubb......................................................... CNA Canada Group................................... Intact........................................................... GCAN......................................................... Old Republic Insurance of Cda.................. Cumis General ........................................... Hartford Fire ............................................... The Dominion 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........................................................... Wawanesa Mutual Insurance .................... TD Insurance.............................................. Co-operators General ................................ Aviva Canada Inc....................................... RSA Canada Group................................... Alberta Motor Association.......................... Economical Insurance Group .................... State Farm Insurance Company................ Northbridge Financial................................. The Dominion Of Canada .......................... AXA Canada-Group Of Companies .......... Peace Hills ................................................. Allstate Insurance of Canada..................... Zurich ......................................................... Canadian Direct Insurance ........................ Desjardins General .................................... Kingsway General...................................... RBC General.............................................. Portage La Prairie Mutual .......................... St. Paul Fire & Marine................................ SGI Canada Group .................................... ACE INA..................................................... Jevco .......................................................... AIG Commercial Insurance........................ Liberty Mutual............................................. Allianz Global Risks US ............................. Pembridge.................................................. Old Republic Insurance of Cda.................. CNA Canada Group...................................

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

Economical Insurance Group .................... Canadian Direct Insurance ........................ RSA Canada Group................................... Intact........................................................... AXA Canada-Group Of Companies .......... Northbridge Financial................................. Zurich ......................................................... BCAA Insurance Corporation .................... AIG Commercial Insurance........................ Aviva Canada Inc....................................... RBC General.............................................. ACE INA..................................................... Lloyd's Underwriters................................... The Dominion Of Canada .......................... American Home Assurance....................... Liberty Mutual............................................. Echelon ...................................................... Chrysler Insurance..................................... Allianz Global Risks US ............................. American Road Insurance .........................

1,746,000 1,131,000 630,000 519,000 487,000 471,000 338,000 278,000 271,000 255,000 230,000 203,000 201,000 194,000 179,000 150,000 56,000 49,000 48,000 42,000 31,000 27,000 17,000 8,000

Alberta 567,963,000 404,782,000 348,152,000 249,674,000 212,407,000 211,911,000 183,152,000 122,477,000 115,969,000 83,034,000 82,902,000 75,493,000 64,595,000 62,364,000 56,633,000 38,353,000 35,103,000 25,028,000 21,153,000 19,787,000 15,933,000 15,503,000 14,584,000 13,749,000 9,086,000 8,817,000 8,352,000 6,317,000 6,004,000 5,675,000

British Columbia 59,543,000 40,046,000 37,419,000 14,591,000 6,065,000 3,738,000 3,532,000 1,948,000 1,599,000 1,542,000 1,377,000 1,080,000 880,000 859,000 833,000 684,000 669,000 645,000 638,000 629,000

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

CNA Canada Group................................... GCAN......................................................... St. Paul Fire & Marine................................ Motors Insurance Corporation ................... Old Republic Insurance of Cda.................. Chubb......................................................... Hartford Fire ............................................... Co-operators General ................................ Mitsui Sumitomo......................................... Tokio Marine & Nichido Fire ......................

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 .................... TD Insurance.............................................. Intact........................................................... Co-operators General ................................ Aviva Canada Inc....................................... RSA Canada Group................................... The Dominion Of Canada .......................... Zurich ......................................................... Peace Hills ................................................. Northbridge Financial................................. ACE INA..................................................... Desjardins General .................................... St. Paul Fire & Marine................................ Economical Insurance Group .................... State Farm Insurance Company................ RBC General.............................................. Kingsway General...................................... Chrysler Insurance..................................... AXA Canada-Group Of Companies .......... Allstate Insurance of Canada..................... Liberty Mutual............................................. Lloyd's Underwriters................................... AIG Commercial Insurance........................ Old Republic Insurance of Cda.................. Gore Mutual ............................................... Guarantee Co Of North America ............... Pembridge.................................................. Allianz Global Risks US ............................. Echelon ...................................................... CNA Canada Group...................................

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........................................................... Aviva Canada Inc....................................... TD Insurance.............................................. Co-operators General ................................ RSA Canada Group................................... Desjardins General .................................... Northbridge Financial................................. AXA Canada-Group Of Companies .......... Peace Hills ................................................. The Dominion Of Canada .......................... State Farm Insurance Company................ Zurich ......................................................... Economical Insurance Group .................... Wawanesa Mutual Insurance .................... ACE INA..................................................... St. Paul Fire & Marine................................ RBC General.............................................. Allstate Insurance of Canada..................... Kingsway General...................................... Chubb......................................................... CNA Canada Group................................... Gore Mutual ............................................... Pembridge.................................................. Guarantee Co Of North America ............... Motors Insurance Corporation ................... American Road Insurance ......................... Echelon ...................................................... AIG Commercial Insurance........................ SGI Canada Group .................................... Chrysler Insurance.....................................

407,000 368,000 361,000 280,000 243,000 235,000 96,000 89,000 22,000 17,000

Yukon Territory 3,819,000 3,545,000 3,186,000 2,569,000 1,643,000 1,554,000 1,150,000 586,000 501,000 425,000 402,000 351,000 309,000 233,000 198,000 171,000 135,000 80,000 73,000 60,000 49,000 38,000 38,000 22,000 21,000 20,000 16,000 14,000 13,000 12,000

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................................... St. Paul Fire & Marine................................ Intact........................................................... Aviva Canada Inc....................................... Northbridge Financial................................. TD Insurance.............................................. The Dominion Of Canada .......................... AXA Canada-Group Of Companies .......... Co-operators General ................................ Zurich ......................................................... Economical Insurance Group .................... State Farm Insurance Company................ Wawanesa Mutual Insurance .................... Peace Hills ................................................. ACE INA..................................................... Desjardins General .................................... RBC General.............................................. Allstate Insurance of Canada..................... Kingsway General...................................... Old Republic Insurance of Cda.................. CNA Canada Group................................... Gore Mutual ............................................... Guarantee Co Of North America ............... Pembridge.................................................. AIG Commercial Insurance........................ SGI Canada Group .................................... Motors Insurance Corporation ................... Liberty Mutual............................................. Pafco .......................................................... Jevco ..........................................................

934,000 521,000 513,000 299,000 194,000 193,000 192,000 154,000 143,000 132,000 122,000 115,000 110,000 88,000 74,000 70,000 44,000 36,000 32,000 28,000 15,000 13,000 10,000 9,000 5,000 4,000 4,000 3,000 3,000 2,000

Notes:

Northwest Territories

CANADIAN UNDERWRITER STATISTICAL ISSUE 2009

4,446,000 2,598,000 2,468,000 2,425,000 2,257,000 919,000 901,000 885,000 858,000 728,000 557,000 550,000 543,000 512,000 378,000 374,000 186,000 178,000 146,000 62,000 59,000 55,000 48,000 42,000 37,000 32,000 26,000 23,000 20,000 19,000 69


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2008 LEADING COMPANIES — DIRECT WRITTEN BASIS Accident & Sickness

Boiler & Machinery

Fidelity

% of 2008 Market D.W.P. 1. Green Shield .................................. 30.84 297,963,000

% of 2008 Market D.W.P. 1. FM Global ...................................... 13.07 43,541,000

% of 2008 Market D.W.P. 1. Chubb ............................................ 18.74 21,679,000

2. RBC Insurance...............................

18.56 179,277,000

2. Travelers Guarantee.......................

11.48

38,268,000

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

12.47

14,426,000

3. American Bankers of Florida..........

12.74 123,098,000

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

9.55

31,824,000

3. AIG Commercial Insurance ............

11.15

12,891,000

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

10.25

99,011,000

4. Boiler Inspection & Insurance .......

8.38

27,912,000

4. Lloyd's Underwriters .....................

9.71

11,230,000

5. American Home Assurance............

5.79

55,927,000

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

8.02

26,734,000

5. Travelers Guarantee.......................

8.17

9,449,000

6. Lloyd's Underwriters .....................

5.08

49,074,000

6. Zurich ............................................

6.85

22,818,000

6. Cumis General ...............................

7.28

8,415,000

7. Intact .............................................

5.05

16,818,000

7. Liberty Mutual ...............................

5.07

5,859,000

8. GCAN.............................................

5.03

16,750,000

8. AXA Canada-Group Of Companies.

4.39

5,072,000

9. AXA Canada-Group Of Companies.

4.19

13,959,000

9. American Home Assurance............

3.46

4,004,000

10. Economical Insurance Group.........

3.24

10,808,000

10. Northbridge Financial.....................

3.18

3,678,000

11. Lloyd's Underwriters .....................

2.58

8,590,000

11. Economical Insurance Group.........

2.04

2,362,000

12. XL Insurance .................................

2.37

7,903,000

12. Zurich ............................................

1.64

1,901,000

13. Co-operators General.....................

2.20

7,342,000

13. Desjardins General.........................

1.64

1,899,000

14. Northbridge Financial.....................

2.01

6,705,000

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

1.39

1,605,000

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

3.12

30,158,000

8. Echelon..........................................

2.95

28,496,000

9. Triton.............................................

2.80

27,030,000

10. AIG Commercial Insurance ............

2.58

24,959,000

11. Legacy General ..............................

1.48

14,315,000

12. Chubb ............................................

1.10

10,597,000

13. Intact .............................................

1.03

9,943,000

14. ACE INA .........................................

0.58

5,633,000

15. AXA Canada-Group Of Companies.

0.34

3,300,000

16. BCAA Insurance Corporation .........

0.23

2,180,000

15. Chubb ............................................

1.76

5,849,000

15. Co-operators General.....................

1.29

1,489,000

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

0.14

1,345,000

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

1.68

5,590,000

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

1.28

1,482,000

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

0.13

1,211,000

17. AIG Commercial Insurance ............

1.65

5,505,000

17. Trisura ...........................................

1.11

1,279,000

19. Co-operators General.....................

0.07

629,000

18. Affiliated FM...................................

1.58

5,270,000

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

1.08

1,251,000

20. CAA Insurance (Ontario)................

0.06

594,000

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

1.53

5,109,000

19. Great American..............................

0.83

961,000

21. Guarantee Co Of North America.....

0.03

325,000

20. Trisura ...........................................

1.37

4,578,000

20. Ontario School Board ....................

0.81

942,000

22. Cumis General ...............................

0.03

280,000

21. American Home Assurance............

0.78

2,593,000

21. St. Paul Fire & Marine....................

0.74

861,000

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

0.03

267,000

22. St. Paul Fire & Marine....................

0.77

2,558,000

22. GCAN.............................................

0.67

779,000

24. Arch Insurance ..............................

0.02

188,000

23. Desjardins General.........................

0.68

2,275,000

23. ACE INA .........................................

0.57

665,000

25. Northbridge Financial.....................

0.01

125,000

24. Gore Mutual...................................

0.67

2,245,000

24. CNA Canada Group ........................

0.47

538,000

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

0.01

74,000

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

0.57

1,900,000

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

0.38

439,000

27. Gore Mutual...................................

0.01

66,000

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

0.51

1,693,000

26. Mitsui Sumitomo ...........................

0.13

155,000

28. North Waterloo Farmers Mutual ....

0.00

5,000

29. Hartford Fire ..................................

0.00

1,000

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

966,071,000

Other Approved Products % of Market 1. Arch Insurance .............................. 100.00 TOTAL ...........................................

27. Munich Re Canada Group..............

0.48

1,610,000

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

0.11

124,000

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

0.44

1,457,000

28. Grain Insurance & Guarantee.........

0.09

100,000

29. Lumbermen's Underwiting ............

0.22

731,000

29. Sompo Japan.................................

0.04

41,000

30. Grain Insurance & Guarantee.........

0.20

653,000

30. Saskatchewan Mutual....................

0.03

32,000

31. CNA Canada Group ........................

0.19

644,000

31. Hartford Fire ..................................

0.02

22,000

2008 D.W.P. 6,333,000

32. Le Groupe Estrie-Richelieu ............

0.13

437,000

32. Optimum General...........................

0.01

11,000

33. Virginia Surety ...............................

0.12

406,000

33. Intact .............................................

0.01

10,000

6,333,000

34. Mitsui Sumitomo ...........................

0.12

394,000

34. Western Surety..............................

0.01

7,000

35. Ontario School Board ....................

0.11

360,000

35. Triton.............................................

0.00

3,000

36. Cumis General ...............................

0.11

355,000

36. State Farm Insurance Company.....

0.00

37. Optimum General...........................

0.10

332,000

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

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

0.07

238,000

39. North Waterloo Farmers Mutual ....

0.05

155,000

Marine

1,000 115,662,000

% of Market 1. Lloyd's Underwriters ..................... 18.27

2008 D.W.P. 54,419,000

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

17.40

51,825,000

40. Saskatchewan Mutual....................

0.03

94,000

3. CNA Canada Group ........................

11.97

35,655,000

41. Great American..............................

0.02

68,000

4. AXA Canada-Group Of Companies.

11.57

34,452,000

42. Sompo Japan.................................

0.02

56,000

5. Northbridge Financial.....................

11.50

34,266,000

43. Hartford Fire ..................................

0.02

56,000

% of Market 1. Euler Hermes American Credit....... 79.64

6. Co-operators General.....................

5.60

16,681,000

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

0.01

36,000

2. AIG Commercial Insurance ............

6.16

7. St. Paul Fire & Marine....................

5.00

14,902,000

45. Kingsway General ..........................

0.01

17,000

3. American Home Assurance............

5.42

2,796,000

8. ACE INA .........................................

4.16

12,390,000

333,236,000

4. Zurich ............................................

4.48

2,310,000

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

Credit 2008 D.W.P. 41,088,000 3,178,000

9. Pacific Coast Fishermen's..............

2.95

8,792,000

5. Guarantee Co Of North America.....

3.53

1,823,000

10. Liberty Mutual ...............................

1.80

5,374,000

0.84

434,000

11. Chubb ............................................

1.79

5,343,000

Legal Expense

6. Lloyd's Underwriters ..................... 7. Intact .............................................

0.00

1,000

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

1.38

4,114,000

8. Travelers Guarantee.......................

–0.02

–10,000

13. AIG Commercial Insurance ............

1.27

3,790,000

9. CNA Canada Group ........................

–0.06

14. American Home Assurance............

1.06

3,155,000

% of 2008 Market D.W.P. 1. Intact ............................................. 65.00 14,134,000

15. Affiliated FM...................................

1.05

3,121,000

2. La Capitale Assurances..................

24.14

5,249,000

16. GCAN.............................................

0.82

2,444,000

3. AXA Canada-Group Of Companies.

5.00

1,087,000

17. Zurich ............................................

0.60

1,789,000

4. Lloyd's Underwriters .....................

3.02

656,000

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

0.46

1,380,000

5. Echelon..........................................

2.85

620,000

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

0.42

1,247,000

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

20. Intact .............................................

0.28

829,000

21. Mitsui Sumitomo ...........................

0.28

827,000

22. Sompo Japan.................................

0.23

698,000

23. Nipponkoa Insurance.....................

0.08

242,000

24. Economical Insurance Group.........

0.03

78,000

25. National Liability & Fire..................

0.01

42,000

26. Hartford Fire .................................. TOTAL ...........................................

70

0.00

6,000 297,861,000

21,746,000

Credit Protection

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

17.67

–29,000 51,591,000

Hail % of 2008 Market D.W.P. 1. Co-operative Hail ........................... 78.53 50,551,000 2. GCAN.............................................

13.39

8,619,000

3. ACE INA .........................................

7.60

4,895,000

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

0.20

129,000

5. North Waterloo Farmers Mutual ....

0.14

92,000

33,778,000

6. AXA Canada-Group Of Companies.

0.13

85,000

191,170,000

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

% of 2008 Market D.W.P. 1. American Bankers of Florida.......... 82.33 157,392,000 2. Legacy General ..............................

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

64,371,000

canadianunderwriter.ca CANADIAN UNDERWRITER STATISTICAL ISSUE 2009


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2008 LEADING COMPANIES — DIRECT WRITTEN BASIS Liability

Liability (continued)

Surety

% of 2008 Market D.W.P. 1. Lloyd's Underwriters ..................... 12.85 621,765,000

% of Market 65. Mennonite Mutual Fire................... 0.02

2008 D.W.P. 894,000

% of 2008 Market D.W.P. 1. Travelers Guarantee....................... 19.04 83,308,000

2. AIG Commercial Insurance ............

7.86 380,412,000

66. Promutuel Reassurance.................

0.02

791,000

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

15.98

69,921,000

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

7.47 361,759,000

67. Kings Mutual .................................

0.01

722,000

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

15.51

67,873,000

4. Northbridge Financial.....................

6.09 294,992,000

68. Antigonish Farmers' Mutual...........

0.01

505,000

4. AXA Canada-Group Of Companies.

13.63

59,651,000

5. Intact .............................................

5.97 289,079,000

69. RBC General ..................................

0.01

371,000

5. Intact .............................................

5.38

23,531,000

6. Zurich ............................................

5.81 281,029,000

70. Clare Mutual ..................................

0.01

280,000

6. Zurich ............................................

4.95

21,651,000

7. Chubb ............................................

5.15 249,165,000

71. Nipponkoa Insurance.....................

0.01

278,000

7. Western Surety..............................

4.16

18,195,000

8. AXA Canada-Group Of Companies.

4.69 227,134,000

72. National Liability & Fire..................

0.00

132,000

8. Trisura ...........................................

3.46

15,135,000

9. Co-operators General.....................

3.95 191,073,000

73. T.H.E. Insurance ............................

0.00

46,000

9. Jevco .............................................

3.43

15,018,000

10. Economical Insurance Group.........

3.18 153,809,000

74. Utica Mutual ..................................

0.00

2,000

10. L'Unique Assurances Generales ....

2.70

11,794,000

11. CNA Canada Group ........................

3.02 146,000,000

75. Boiler Inspection & Insurance .......

0.00

1,000

11. Chubb ............................................

2.03

8,898,000

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

2.76 133,380,000

76. Lumbermens Mutual Casualty .......

–0.00

–64,000

12. Co-operators General.....................

1.71

7,463,000

13. ACE INA .........................................

2.47 119,771,000

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

4,840,053,000

13. Northbridge Financial.....................

1.70

7,430,000

14. Munich Re Canada Group..............

2.39 115,767,000

14. Kingsway General ..........................

1.50

6,543,000

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

2.20 106,621,000

15. ACE INA .........................................

1.27

5,569,000

16. Liberty Mutual ...............................

1.88

91,018,000

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

0.79

3,445,000

17. XL Insurance .................................

1.85

89,379,000

17. AIG Commercial Insurance ............

0.77

3,384,000

18. St. Paul Fire & Marine....................

1.79

86,749,000

18. CNA Canada Group ........................

0.76

3,308,000

19. GCAN.............................................

1.78

86,244,000

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

0.69

3,035,000

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

1.66

80,487,000

20. Economical Insurance Group.........

0.52

2,273,000

21. American Bankers of Florida..........

1.31

63,514,000

21. La Capitale Assurances..................

0.07

312,000

22. XL Re America Inc - Cdn Branch ...

1.09

52,595,000

22. Desjardins General.........................

0.06

252,000

23. State Farm Insurance Company.....

1.01

48,761,000

23. Great American..............................

0.04

176,000

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

0.99

48,052,000

24. Grain Insurance & Guarantee.........

0.04

166,000

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

0.03

153,000

26. Hartford Fire ..................................

0.03

120,000

27. Chrysler Insurance.........................

0.03

116,000

28. Echelon..........................................

0.02

67,000

29. State Farm Insurance Company.....

0.01

40,000

30. Cumis General ...............................

0.00

6,000

31. Optimum General...........................

0.00

6,000

32. Gore Mutual...................................

0.00

1,000

33. American Home Assurance............

–0.30

–1,330,000

25. Guarantee Co Of North America.....

0.90

43,747,000

26. Travelers Guarantee.......................

0.89

43,213,000

27. American Home Assurance............

0.88

42,386,000

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

0.82

39,672,000

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

0.71

34,468,000

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

0.62

30,200,000

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

0.62

30,006,000

32. Arch Insurance ..............................

0.46

22,242,000

33. Ontario School Board ....................

0.44

21,238,000

34. Great American..............................

0.42

20,494,000

35. Gore Mutual...................................

0.36

17,312,000

36. Desjardins General.........................

0.32

15,453,000

37. Optimum General...........................

0.26

12,515,000

38. Industrielle Alliance .......................

0.24

11,618,000

39. Kingsway General ..........................

0.22

10,767,000

40. La Capitale Assurances..................

0.21

10,309,000

41. Grain Insurance & Guarantee.........

0.21

10,173,000

42. Trisura ...........................................

0.19

9,243,000

43. Hartford Fire ..................................

0.19

44. Cumis General ...............................

0.17

8,262,000

45. Echelon..........................................

0.16

7,898,000

46. TD Insurance .................................

0.14

6,844,000

47. Mearie Group.................................

0.14

6,841,000

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

0.11

5,399,000

49. Old Republic Insurance of Cda ......

0.11

5,224,000

Aircraft % of 2008 Market D.W.P. 1. Lloyd's Underwriters ..................... 33.68 100,654,000 2. Allianz Global Risks US..................

15.19

45,393,000

3. Munich Re Canada Group..............

14.31

42,766,000

4. National Liability & Fire..................

11.62

34,723,000

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

4.22

12,607,000

6. Co-operators General.....................

3.50

10,454,000

7. AIG Commercial Insurance ............

2.92

8,725,000

8. Northbridge Financial.....................

2.90

8,672,000

9. Mitsui Sumitomo ...........................

2.71

8,089,000

10. GCAN.............................................

2.59

7,749,000

11. ACE INA .........................................

2.47

7,384,000

12. AXA Canada-Group Of Companies.

2.00

5,980,000

13. American Home Assurance............

1.10

3,293,000

14. XL Insurance .................................

0.49

1,462,000

15. Arch Insurance ..............................

0.26

774,000

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

0.03

91,000

17. Old Republic Insurance of Cda ......

0.02

73,000

18. St. Paul Fire & Marine....................

0.02

60,000

19. Liberty Mutual ...............................

0.01

26,000

20. British Aviation ..............................

0.00

4,000

21. Lumbermens Mutual Casualty .......

–0.00

–1,000

0.10

4,882,000

51. Le Groupe Estrie-Richelieu ............

0.10

4,619,000

52. Saskatchewan Mutual....................

0.09

4,544,000

53. Mitsui Sumitomo ...........................

0.09

4,314,000

54. Jevco .............................................

0.08

3,794,000

55. York Fire & Casualty ......................

0.06

3,116,000

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

0.06

2,922,000

57. Red River Valley Mutual.................

0.06

2,817,000

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

0.05

2,348,000

59. L'Unique Assurances Generales ....

0.04

2,155,000

60. Omega General ..............................

0.04

2,128,000

61. PEI Mutual .....................................

0.03

1,659,000

62. Virginia Surety ...............................

0.03

1,395,000

63. Sompo Japan.................................

0.03

1,323,000

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

0.02

1,021,000

437,510,000

Title % of 2008 Market D.W.P. 1. First Canadian Title ........................ 63.01 126,395,000

22. XL Re America Inc - Cdn Branch ...

–0.00

–6,000

23. Eagle Star Insurance......................

–0.00

–12,000

2. Stewart Title Guaranty ...................

36.96

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

–0.04

–129,000

3. Travelers Guarantee.......................

0.03

298,831,000

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

8,979,000

50. North Waterloo Farmers Mutual ....

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

CANADIAN UNDERWRITER STATISTICAL ISSUE 2009

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

74,142,000 65,000 200,602,000

71


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2008 SUMMARY RESULTS BY NATIONALITY OF COMPANY IN CANADA

✦✦✦ TOTAL INSURANCE Net Premiums Written $ 16,384,827,000 7,113,741,000 6,574,550,000 5,622,930,000

Net Premiums Earned $ 15,982,108,000 6,888,669,000 6,430,413,000 5,566,868,000

Net Claims and Adjusting Expenses $ 11,788,652,000 4,637,199,000 4,111,842,000 4,103,383,000

Earned Loss Ratio % 73.76 67.32 63.94 73.71

Total .............................. 35,696,048,000

34,868,058,000

24,641,076,000

70.67

Canadian ....................... Foreign .......................... U.K................................. U.S.................................

AUTOMOBILE INSURANCE Net Premiums Written $ 8,943,885,000 3,401,327,000 2,703,797,000 2,115,278,000

Net Premiums Earned $ 8,846,886,000 3,359,500,000 2,660,569,000 2,087,029,000

Net Claims and Adjusting Expenses $ 6,820,907,000 2,426,273,000 1,885,888,000 1,897,169,000

Earned Loss Ratio % 77.10 72.22 70.88 90.90

Total .............................. 17,164,287,000

16,953,984,000

13,030,237,000

76.86

Canadian ....................... Foreign .......................... U.K................................. U.S.................................

PROPERTY INSURANCE Net Premiums Written $ 5,237,621,000 2,490,499,000 2,232,950,000 1,606,184,000

Net Premiums Earned $ 5,022,300,000 2,413,047,000 2,174,401,000 1,575,285,000

Net Claims and Adjusting Expenses $ 3,752,068,000 1,704,257,000 1,304,481,000 1,148,867,000

Earned Loss Ratio % 74.71 70.63 59.99 72.93

Total .............................. 11,567,254,000

11,185,033,000

7,909,673,000

70.72

Canadian ....................... Foreign .......................... U.K................................. U.S.................................

REMAINING INSURANCE

72

Canadian ....................... Foreign .......................... U.K................................. U.S.................................

Net Premiums Written $ 2,203,321,000 1,221,915,000 1,637,803,000 1,901,468,000

Net Premiums Earned $ 2,112,922,000 1,116,122,000 1,595,443,000 1,904,554,000

Net Claims and Adjusting Expenses $ 1,215,677,000 506,669,000 921,473,000 1,057,347,000

Earned Loss Ratio % 57.54 45.40 57.76 55.52

Total ..............................

6,964,507,000

6,729,041,000

3,701,166,000

55.00

canadianunderwriter.ca CANADIAN UNDERWRITER STATISTICAL ISSUE 2009


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2008 SUMMARY RESULTS BY TYPE OF COMPANY IN CANADA

✦✦✦ TOTAL INSURANCE Net Premiums Written $

Net Premiums Written %

Brokerage .......................... Direct ................................. Reinsurance ......................

25,253,037,000 9,103,902,000 1,339,109,000

70.74 25.50 3.75

Total ..................................

35,696,048,000

Net Premiums Earned $

24,709,812,000 8,702,224,000 1,456,022,000

Net Premiums Earned %

Net Claims & Adj. Exps. $

70.87 24.96 4.18

16,958,694,000 6,613,842,000 1,068,540,000

34,868,058,000

Net Earned Claims Loss & Adj. Exps. Ratio % %

68.82 26.84 4.34

24,641,076,000

68.63 76.00 73.39 70.67

AUTOMOBILE INSURANCE Net Premiums Written $

Net Premiums Written %

Brokerage .......................... Direct ................................. Reinsurance ......................

12,049,422,000 4,896,711,000 218,154,000

70.20 28.53 1.27

Total ..................................

17,164,287,000

Net Premiums Earned $

11,939,278,000 4,796,426,000 218,280,000

Net Premiums Earned %

Net Claims & Adj. Exps. $

70.42 28.29 1.29

9,005,563,000 3,813,904,000 210,770,000

16,953,984,000

Net Earned Claims Loss & Adj. Exps. Ratio % %

69.11 29.27 1.62

13,030,237,000

75.43 79.52 96.56 76.86

PROPERTY INSURANCE Net Premiums Written $

Net Premiums Written %

Net Premiums Earned $

Net Premiums Earned %

Net Claims & Adj. Exps. $

Brokerage .......................... Direct ................................. Reinsurance ......................

8,209,420,000 2,624,045,000 733,789,000

70.97 22.69 6.34

7,922,822,000 2,462,782,000 799,429,000

70.83 22.02 7.15

5,486,242,000 1,880,791,000 542,640,000

Total ..................................

11,567,254,000

11,185,033,000

Net Earned Claims Loss & Adj. Exps. Ratio % %

69.36 23.78 6.86

7,909,673,000

69.25 76.37 67.88 70.72

REMAINING INSURANCE Net Premiums Written $

Net Premiums Written %

Net Premiums Earned $

Net Premiums Earned %

Net Claims & Adj. Exps. $

Brokerage .......................... Direct ................................. Reinsurance ......................

4,994,195,000 1,583,146,000 387,166,000

71.71 22.73 5.56

4,847,712,000 1,443,016,000 438,313,000

72.04 21.44 6.51

2,466,889,000 919,147,000 315,130,000

Total ..................................

6,964,507,000

CANADIAN UNDERWRITER STATISTICAL ISSUE 2009

6,729,041,000

3,701,166,000

Net Earned Claims Loss & Adj. Exps. Ratio % %

66.65 24.83 8.51

50.89 63.70 71.90 55.00

73


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CANADIAN 2008 UNDERWRITING EXPERIENCE COMPILED BY “CANADIAN UNDERWRITER”

SYMBOLS SHOWN NEXT TO COMPANY NAMES ARE AS FOLLOWS: COMPANY TYPE: B — Brokerage D — Direct Writer R — Reinsurance Only L — Life Only G — Government

Class

Net Premiums Written $

Net Premiums Earned $

COMPANY OWNERSHIP: C — Canadian US — United States UK — United Kingdom F — Foreign Net Claims and Adjusting Expenses $

ACE INA INSURANCE Karen Barkley, President & C.O.O. The Exchange Tower 130 King St W, 12th Floor Toronto ON M5X 1A6 416-368-2911 Fax 416-594-3000 www.ace-ina-canada.com Prop. - Personal................. 1,549,000 Prop. - Commercial............ 45,138,000 Prop. - Total ....................... 46,687,000 Aircraft ............................... 1,865,000 Auto. - Liability ................... 28,872,000 Auto. - Pers. Acc................ 525,000 Auto. - Other ...................... 17,205,000 Auto. - Total ....................... 46,602,000 Boiler & Machinery ............ — Fidelity ............................... 818,000 Hail .................................... 522,000 Liability............................... 100,754,000 Surety ................................ 6,131,000 Marine................................ 8,225,000 Accident & Sickness .......... 4,847,000 —————Total 2008.......................... 216,451,000 Total 2007.......................... 230,794,000 Total 2006.......................... 209,682,000 Total 2005.......................... 208,358,000 Total 2004.......................... 211,433,000

1,471,000 37,698,000 39,169,000 339,000 36,707,000 471,000 13,190,000 50,368,000 1,059,000 113,000 427,000 40,026,000 296,000 5,278,000 1,127,000 —————138,202,000 77,466,000 113,816,000 99,300,000 135,012,000

2008 Direct Premiums Written: +$318,486,000 2008 Underwriting Performance Summary

Underwriting Result 2008: +$30,894,000 2005: +$63,626,000

Growth: –1.86%

2006:

+$65,629,000

AFFILIATED FM INSURANCE COMPANY

49,000 45,108,000 45,157,000 85,000 — 2,307,000 —————47,549,000 50,110,000 56,031,000 56,038,000 39,072,000

B-US

45,000 55,516,000 55,561,000 57,000 38,000 564,000 —————56,220,000 17,760,000 22,230,000 37,811,000 11,288,000

2008 Direct Premiums Written: +$87,438,000 2008 Underwriting Performance Summary Reinsurance Assumed ...............................— Reinsurance Ceded .....................38,374,000 Net Premiums Written ..................49,064,000 Net Premiums Earned..................47,549,000 Net Claims & Adj Exp...................56,220,000 Commissions................................–2,164,000 Taxes .............................................3,239,000 General Expenses..........................9,045,000 Undrwtg. Profit/Loss...................–18,799,000 Investment Income.........................6,969,000

Underwriting Result 2008: –$18,799,000 2005: +$9,287,000 74

2007: 2004:

94.96 97.95 97.83 12.85 110.73 92.90 74.59 98.11 34.59 13.70 85.23 38.34 5.58 68.05 23.16 ———62.61 33.59 52.57 45.94 60.54

% Growth Rate (NPW) ..........................–6.21 % of Market (NPW) .............................0.61 Earned Loss Ratio.............................62.61 Total Expense Ratio ..........................23.40 Combined Loss & Exp. Ratio ............86.01 Return on Equity................................11.96

2007: +$111,308,000 2004: +$31,290,000

Perry R. Brazeau, Chief Agent 500-165 Commerce Valley Dr. W. Thornhill ON L3T 7V8 905-763-5555 Fax 905-763-5556 www.fmglobal.ca Prop. - Personal................. 51,000 Prop. - Commercial............ 46,217,000 Prop. - Total ....................... 46,268,000 Boiler & Machinery ............ 79,000 Liability............................... — Marine................................ 2,717,000 —————Total 2008.......................... 49,064,000 Total 2007.......................... 51,821,000 Total 2006.......................... 54,205,000 Total 2005.......................... 57,779,000 Total 2004.......................... 42,019,000

Class

Net Premiums Written $

Net Premiums Earned $

Net Claims and Adjusting Expenses $

B-US AIG COMMERCIAL INSURANCE COMPANY OF CANADA

1,549,000 38,488,000 40,037,000 2,638,000 33,150,000 507,000 17,683,000 51,340,000 3,062,000 825,000 501,000 104,406,000 5,308,000 7,756,000 4,867,000 —————220,740,000 230,645,000 216,497,000 216,147,000 223,011,000

Reinsurance Assumed .................37,886,000 Reinsurance Ceded ...................153,339,000 Net Premiums Written ................216,451,000 Net Premiums Earned................220,740,000 Net Claims & Adj Exp.................138,202,000 Commissions................................19,114,000 Taxes ...........................................10,831,000 General Expenses........................21,699,000 Undrwtg. Profit/Loss.....................30,894,000 Investment Income.......................33,303,000

Earned Loss Ratio %

Earned Loss Ratio %

B-US

Gary A. McMillan, General Manager 145 Wellington St. W. Toronto ON M5J 1H8 416-596-3000 Fax 416-977-2743 Prop. - Commercial............ Prop. - Total ....................... Aircraft ............................... Auto. - Liability ................... Auto. - Pers. Acc................ Auto. - Other ...................... Auto. - Total ....................... Boiler & Machinery ............ Credit ................................. Fidelity ............................... Liability............................... Surety ................................ Marine................................ Accident & Sickness .......... Total 2008.......................... Total 2007.......................... Total 2006.......................... Total 2005.......................... Total 2004..........................

127,508,000 127,508,000 3,053,000 15,612,000 4,423,000 5,004,000 25,039,000 2,332,000 2,101,000 11,284,000 292,975,000 9,357,000 1,891,000 23,212,000 —————498,752,000 76,535,000 107,632,000 132,728,000 126,520,000

22,467,000 22,467,000 864,000 4,972,000 1,076,000 1,109,000 7,157,000 588,000 2,097,000 2,538,000 110,166,000 1,734,000 119,000 13,704,000 —————161,434,000 93,477,000 120,934,000 129,878,000 106,556,000

2008 Direct Premiums Written: +$766,267,000

25,352,000 25,352,000 4,126,000 9,711,000 1,772,000 –3,789,000 7,694,000 38,000 –117,000 3,059,000 –11,966,000 404,000 55,000 –3,663,000 —————24,982,000 41,795,000 77,792,000 86,033,000 74,099,000

112.84 112.84 477.55 195.31 164.68 –341.66 107.50 6.46 –5.58 120.53 –10.86 23.30 46.22 –26.73 ———15.48 44.71 64.33 66.24 69.54

Growth: +540.79%

2008 Underwriting Performance Summary Reinsurance Assumed .................13,334,000 Reinsurance Ceded ...................290,427,000 Net Premiums Written ................498,752,000 Net Premiums Earned................161,434,000 Net Claims & Adj Exp...................24,982,000 Commissions................................11,909,000 Taxes ...........................................25,029,000 General Expenses........................17,155,000 Undrwtg. Profit/Loss.....................82,359,000 Investment Income.......................18,568,000

Underwriting Result 2008: +$82,359,000 2005: +$21,398,000

2007: 2004:

% Growth Rate (NPW) ........................551.67 % of Market (NPW) .............................1.41 Earned Loss Ratio.............................15.48 Total Expense Ratio ..........................33.51 Combined Loss & Exp. Ratio ............48.99 Return on Equity................................13.03

+$30,478,000 +$15,865,000

2006:

+$19,092,000

91.84 123.07 123.04 67.06 — 24.45 ———118.24 35.44 39.67 67.47 28.89

Growth: –0.48%

% Growth Rate (NPW) ..........................–5.32 % of Market (NPW) .............................0.14 Earned Loss Ratio...........................118.24 Total Expense Ratio ..........................21.28 Combined Loss & Exp. Ratio ..........139.52 Return on Equity..................................6.28

+$23,543,000 +$19,656,000

2006:

+$24,346,000 canadianunderwriter.ca CANADIAN UNDERWRITER STATISTICAL ISSUE 2009


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UNLEASH IMAGINATION

MAKE PROGRESS. Let ACE take on the responsibility of risk. Our expert underwriting, superior claims handling and local market experience free you to focus on the possibilities, not the liabilities. For more on ACE Canada, visit www.ace-ina-canada.com PROPERTY & CASUALTY

ACCIDENT & HEALTH

LIFE


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Class

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Net Premiums Written $

10:05 AM

Net Premiums Earned $

Page 76

Net Claims and Adjusting Expenses $

Earned Loss Ratio %

Class

Net Premiums Written $

Net Premiums Earned $

Net Claims and Adjusting Expenses $

Earned Loss Ratio %

ALLSTATE INSURANCE COMPANY OF CANADA D-C Ron Grieve, Vice-President 10310 - G.A. MacDonald Ave Edmonton AB T6J 6R7 780-474-8777 Fax 780-430-5599 www.ama.ab.ca Prop. - Personal................. Prop. - Commercial............ Prop. - Total ....................... Auto. - Liability ................... Auto. - Pers. Acc................ Auto. - Other ...................... Auto. - Total ....................... Accident & Sickness .......... Total 2008.......................... Total 2007.......................... Total 2006.......................... Total 2005.......................... Total 2004..........................

46,251,000 3,094,000 49,345,000 91,124,000 8,198,000 79,904,000 179,226,000 996,000 —————229,567,000 203,736,000 182,311,000 145,816,000 153,942,000

43,287,000 3,137,000 46,424,000 87,837,000 7,792,000 75,657,000 171,286,000 897,000 —————218,607,000 193,805,000 170,927,000 144,871,000 147,384,000

2008 Direct Premiums Written: +$238,557,000

30,810,000 845,000 31,655,000 69,468,000 5,167,000 51,509,000 126,144,000 366,000 —————158,165,000 151,330,000 111,391,000 101,360,000 103,284,000

71.18 26.94 68.19 79.09 66.31 68.08 73.65 40.80 ———72.35 78.08 65.17 69.97 70.08

Growth: +11.78%

2008 Underwriting Performance Summary % Growth Rate (NPW) ..........................12.68 % of Market (NPW) .............................0.65 Earned Loss Ratio.............................72.35 Total Expense Ratio ..........................25.20 Combined Loss & Exp. Ratio ............97.55 Return on Equity................................17.77

Reinsurance Assumed ...............................— Reinsurance Ceded .......................8,990,000 Net Premiums Written ................229,567,000 Net Premiums Earned................218,607,000 Net Claims & Adj Exp.................158,165,000 Commissions................................24,460,000 Taxes .............................................6,898,000 General Expenses........................23,724,000 Undrwtg. Profit/Loss.....................11,245,000 Investment Income.......................12,252,000

Underwriting Result 2008: +$11,245,000 2005: +$17,060,000

2007: 2004:

Prop. - Personal................. Prop. - Commercial............ Prop. - Total ....................... Auto. - Liability ................... Auto. - Pers. Acc................ Auto. - Other ...................... Auto. - Total ....................... Liability............................... Total 2008.......................... Total 2007.......................... Total 2006.......................... Total 2005.......................... Total 2004..........................

2006:

146,893,000 — 146,893,000 195,875,000 88,538,000 113,105,000 397,518,000 — —————544,411,000 535,800,000 514,306,000 509,372,000 547,174,000

142,270,000 — 142,270,000 200,120,000 83,157,000 114,895,000 398,172,000 — —————540,442,000 527,135,000 511,465,000 523,526,000 566,070,000

97,513,000 143,000 97,656,000 120,372,000 86,234,000 86,033,000 292,639,000 7,481,000 —————397,776,000 335,011,000 302,880,000 266,387,000 304,097,000

2008 Direct Premiums Written: +$544,333,000

68.54 — 68.64 60.15 103.70 74.88 73.50 — ———73.60 63.55 59.22 50.88 53.72

Growth: +2.00%

2008 Underwriting Performance Summary % Growth Rate (NPW) ............................1.61 % of Market (NPW) .............................1.54 Earned Loss Ratio.............................73.60 Total Expense Ratio ..........................34.39 Combined Loss & Exp. Ratio ..........107.99 Return on Equity................................–8.49

Reinsurance Assumed ...................1,731,000 Reinsurance Ceded .......................1,653,000 Net Premiums Written ................544,411,000 Net Premiums Earned................540,442,000 Net Claims & Adj Exp.................397,776,000 Commissions................................45,752,000 Taxes ...........................................17,181,000 General Expenses......................122,926,000 Undrwtg. Profit/Loss...................–63,047,000 Investment Income.........................9,742,000

Underwriting Result 2008: –$63,047,000 2005: +$118,495,000

+$2,740,000 +$16,659,000

D-US

Christopher R. Kiah, President & Chief Executive Officer 27 Allstate Parkway Suite 100 Markham ON L3R 5P8 905-477-6900 Fax 905-475-4991 www.allstate.ca

2007: +$43,855,000 2004: +$112,202,000

2006:

+$65,754,000

+$26,967,000

Analytics

Rating & statistical analysis www.compu-quote.com

Powered by Compu-Quote Helping assess and develop marketing strategies through comparative quoting

ALLIANZ GLOBAL RISKS US INSURANCE COMPANY

D-US AMERICAN BANKERS INSURANCE COMPANY OF FLORIDA

Celine Ang, Chief Agent 1600 - 130 Adelaide St. W Toronto ON M5H 3P5 celine.ang@agr.allianz.ca

Prop. - Commercial............ Prop. - Total ....................... Aircraft ............................... Auto. - Liability ................... Auto. - Pers. Acc................ Auto. - Other ...................... Auto. - Total ....................... Boiler & Machinery ............ Liability............................... Marine................................ Accident & Sickness .......... Total 2008.......................... Total 2007.......................... Total 2006..........................

53,783,000 53,783,000 32,130,000 9,303,000 1,398,000 5,340,000 16,041,000 4,647,000 23,197,000 23,000 641,000 —————130,462,000 62,194,000 52,935,000

32,179,000 32,179,000 12,780,000 8,469,000 1,307,000 5,037,000 14,813,000 2,806,000 15,666,000 –19,000 1,715,000 —————79,940,000 56,321,000 39,527,000

10,080,000 10,080,000 5,193,000 5,313,000 1,192,000 3,590,000 10,095,000 335,000 14,181,000 8,000 401,000 —————40,293,000 37,127,000 27,805,000

2008 Direct Premiums Written: +$210,946,000

31.32 31.32 40.63 62.73 91.20 71.27 68.15 11.94 90.52 –42.11 23.38 ———50.40 65.92 70.34

Growth: +9.17%

2008 Underwriting Performance Summary Reinsurance Assumed ...................5,559,000 Reinsurance Ceded .....................93,998,000 Net Premiums Written ................130,462,000 Net Premiums Earned..................79,940,000 Net Claims & Adj Exp...................40,293,000 Commissions................................–6,044,000 Taxes .............................................6,768,000 General Expenses........................11,125,000 Undrwtg. Profit/Loss.....................27,798,000 Investment Income.........................7,210,000

Underwriting Result 2008: +$27,798,000 76

2007:

% Growth Rate (NPW) ........................109.77 % of Market (NPW) .............................0.37 Earned Loss Ratio.............................50.40 Total Expense Ratio ..........................14.82 Combined Loss & Exp. Ratio ............65.22 Return on Equity................................21.03

+$4,309,000

2006:

+$4,496,000

D-US

5160 Yonge St., Suite 500 Northeast Tower North York ON M2N 7C7 www.assurant.com steve.phillips@assurant.com Prop. - Personal................. Prop. - Total ....................... Liability............................... Accident & Sickness .......... Credit Protection ................ Total 2008.......................... Total 2007.......................... Total 2006.......................... Total 2005.......................... Total 2004..........................

5,471,000 5,471,000 51,547,000 11,754,000 25,813,000 —————94,585,000 110,123,000 148,433,000 131,393,000 115,514,000

5,368,000 5,368,000 47,703,000 11,754,000 26,234,000 —————91,059,000 95,197,000 126,531,000 102,442,000 104,189,000

1,814,000 1,814,000 12,178,000 1,023,000 1,123,000 —————16,138,000 17,553,000 15,857,000 14,294,000 15,035,000

2008 Direct Premiums Written: +$354,957,000

33.79 33.79 25.53 8.70 4.28 ———17.72 18.44 12.53 13.95 14.43

Growth: +7.33%

2008 Underwriting Performance Summary Reinsurance Assumed ...............................— Reinsurance Ceded ...................260,372,000 Net Premiums Written ..................94,585,000 Net Premiums Earned..................91,059,000 Net Claims & Adj Exp...................16,138,000 Commissions................................24,900,000 Taxes ...........................................10,898,000 General Expenses........................33,687,000 Undrwtg. Profit/Loss.......................5,436,000 Investment Income.......................10,707,000

Underwriting Result 2008: +$5,436,000 2005: +$5,927,000

2007: 2004:

% Growth Rate (NPW) ........................–14.11 % of Market (NPW) .............................0.27 Earned Loss Ratio.............................17.72 Total Expense Ratio ..........................76.31 Combined Loss & Exp. Ratio ............94.03 Return on Equity..................................9.53

+$4,414,000 –$2,971,000

2006:

+$5,037,000

canadianunderwriter.ca CANADIAN UNDERWRITER STATISTICAL ISSUE 2009


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Earned Loss Ratio %

AMERICAN HOME ASSURANCE COMPANY

Total 2008.......................... Total 2007.......................... Total 2006.......................... Total 2005.......................... Total 2004..........................

13,336,000 13,336,000 824,000 4,326,000 1,562,000 1,015,000 6,903,000 990,000 –3,000 2,615,000 29,882,000 –1,601,000 2,021,000 51,671,000 —————106,638,000 520,933,000 527,652,000 503,012,000 515,089,000

111,081,000 111,081,000 3,917,000 13,276,000 4,420,000 4,130,000 21,826,000 1,908,000 –3,000 13,043,000 202,575,000 1,962,000 3,529,000 63,777,000 —————423,615,000 524,342,000 525,187,000 541,453,000 518,955,000

73,226,000 73,226,000 4,489,000 12,209,000 1,405,000 6,045,000 19,659,000 121,000 3,000 4,677,000 88,869,000 –1,635,000 890,000 46,042,000 —————236,341,000 298,079,000 335,971,000 374,633,000 334,595,000

2008 Direct Premiums Written: +$264,659,000

65.92 65.92 114.60 91.96 31.79 146.37 90.07 6.34 –100.00 35.86 43.87 –83.33 25.22 72.19 ———55.79 56.85 63.97 69.19 64.47

Growth: –69.37%

2008 Underwriting Performance Summary % Growth Rate (NPW) ........................–79.53 % of Market (NPW) .............................0.30 Earned Loss Ratio.............................55.79 Total Expense Ratio ..........................14.38 Combined Loss & Exp. Ratio ............70.17 Return on Equity..............................819.14

Reinsurance Assumed .................21,750,000 Reinsurance Ceded ...................179,771,000 Net Premiums Written ................106,638,000 Net Premiums Earned................423,615,000 Net Claims & Adj Exp.................236,341,000 Commissions................................14,357,000 Taxes .............................................6,633,000 General Expenses........................39,917,000 Undrwtg. Profit/Loss...................126,367,000 Investment Income.......................–5,783,000

Underwriting Result 2008: +$126,367,000 2005: +$101,878,000

2007: +$139,763,000 2004: +$133,117,000

2006: +$105,835,000

D-US

Colleen Sexsmith, Chief Agent 1145 Nicholson Rd., Unit 2 Newmarket ON L3Y 9C3

Total 2008.......................... Total 2007.......................... Total 2006.......................... Total 2005..........................

6,853,000 6,853,000 —————6,853,000 7,504,000 6,741,000 7,994,000

6,853,000 6,853,000 —————6,853,000 7,504,000 6,741,000 7,994,000

4,136,000 4,136,000 —————4,136,000 8,993,000 8,178,000 5,569,000

2008 Direct Premiums Written: +$6,853,000

60.35 60.35 ———60.35 119.84 121.32 69.66

Growth: –8.68%

2008 Underwriting Performance Summary Reinsurance Assumed ...............................— Reinsurance Ceded....................................— Net Premiums Written ....................6,853,000 Net Premiums Earned....................6,853,000 Net Claims & Adj Exp.....................4,136,000 Commissions ..............................................— Taxes ................................................261,000 General Expenses.............................618,000 Undrwtg. Profit/Loss.......................1,838,000 Investment Income............................721,000

Underwriting Result 2008: +$1,838,000 2005: +$1,515,000

2007:

Net Premiums Earned $

Net Claims and Adjusting Expenses $

Earned Loss Ratio %

D-C

W.J. Chisholm, Manager 188 Main St. Antigonish NS B2G 2B9 902-863-3544 Fax 902-863-0664 www.antigonish-mutual.com wjc@antigonish-mutual.com Prop. - Personal................. Prop. - Total ....................... Liability............................... Total 2008.......................... Total 2007.......................... Total 2006.......................... Total 2005.......................... Total 2004..........................

2,813,000 2,813,000 229,000 —————3,042,000 3,164,000 2,967,000 2,841,000 2,536,000

2,804,000 2,804,000 263,000 —————3,067,000 3,052,000 2,928,000 2,623,000 2,319,000

1,463,000 1,463,000 20,000 —————1,483,000 1,822,000 1,391,000 1,219,000 1,217,000

2008 Direct Premiums Written: +$4,300,000

52.18 52.18 7.60 ———48.35 59.70 47.51 46.47 52.48

Growth: –0.85%

2008 Underwriting Performance Summary % Growth Rate (NPW) ..........................–3.86 % of Market (NPW) .............................0.01 Earned Loss Ratio.............................48.35 Total Expense Ratio ..........................56.96 Combined Loss & Exp. Ratio ..........105.31 Return on Equity..................................8.62

Reinsurance Assumed ...............................— Reinsurance Ceded .......................1,258,000 Net Premiums Written ....................3,042,000 Net Premiums Earned....................3,067,000 Net Claims & Adj Exp.....................1,483,000 Commissions.....................................616,000 Taxes ................................................182,000 General Expenses.............................949,000 Undrwtg. Profit/Loss........................–143,000 Investment Income............................649,000

Underwriting Result 2008: –$143,000 2005: +$105,000

2007: 2004:

–$344,000 –$108,000

2006:

+$64,000

ARCH INSURANCE (CANADA)

AMERICAN ROAD INSURANCE COMPANY

Auto. - Other ...................... Auto. - Total .......................

Net Premiums Written $

ANTIGONISH FARMERS' MUTUAL B-US INSURANCE COMPANY

Gary A. McMillan, Chief Agent 145 Wellington St. W. Toronto ON M5J 1H8 416-596-3000 Fax 416-977-2743 Prop. - Commercial............ Prop. - Total ....................... Aircraft ............................... Auto. - Liability ................... Auto. - Pers. Acc................ Auto. - Other ...................... Auto. - Total ....................... Boiler & Machinery ............ Credit ................................. Fidelity ............................... Liability............................... Surety ................................ Marine................................ Accident & Sickness ..........

Class

B-F

Gordon Kerr, Chief Executive Officer 95 Wellington St W Toronto ON M5J 2N7 416-309-8100 Fax 416-309-8150 www.archinsurance.com Prop. - Commercial............ Prop. - Total ....................... Aircraft ............................... Auto. - Liability ................... Auto. - Pers. Acc................ Auto. - Other ...................... Auto. - Total ....................... Liability............................... Marine................................ Accident & Sickness .......... Other Apprvd. Prod............ Total 2008.......................... Total 2007.......................... Total 2006.......................... Total 2005..........................

9,253,000 9,253,000 386,000 307,000 181,000 100,000 588,000 12,708,000 –300,000 37,000 1,266,000 —————23,938,000 22,508,000 17,858,000 14,154,000

7,812,000 7,812,000 532,000 248,000 162,000 64,000 474,000 12,922,000 –352,000 11,000 1,099,000 —————22,498,000 19,774,000 14,169,000 6,557,000

4,168,000 4,168,000 228,000 140,000 76,000 130,000 346,000 10,017,000 –512,000 1,000 322,000 —————14,570,000 10,923,000 10,839,000 5,362,000

2008 Direct Premiums Written: +$46,113,000

53.35 53.35 42.86 56.45 46.91 203.13 73.00 77.52 145.45 9.09 29.30 ———64.76 55.24 76.50 81.78

Growth: –0.07%

2008 Underwriting Performance Summary % Growth Rate (NPW) ..........................–8.68 % of Market (NPW) .............................0.02 Earned Loss Ratio.............................60.35 Total Expense Ratio ..........................12.83 Combined Loss & Exp. Ratio ............73.18 Return on Equity..................................9.75

–$2,358,000

2006:

CANADIAN UNDERWRITER STATISTICAL ISSUE 2009

–$2,163,000

Reinsurance Assumed ...................6,615,000 Reinsurance Ceded .....................28,790,000 Net Premiums Written ..................23,938,000 Net Premiums Earned..................22,498,000 Net Claims & Adj Exp...................14,570,000 Commissions................................–2,586,000 Taxes .............................................1,265,000 General Expenses..........................7,554,000 Undrwtg. Profit/Loss.......................1,695,000 Investment Income.........................2,666,000

Underwriting Result 2008: +$1,695,000 2005: –$2,884,000

2007:

% Growth Rate (NPW) ............................6.35 % of Market (NPW) .............................0.07 Earned Loss Ratio.............................64.76 Total Expense Ratio ..........................27.70 Combined Loss & Exp. Ratio ............92.46 Return on Equity .....................................—

+$4,443,000

2006:

–$772,000

77


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AVIVA CANADA INC.

Earned Loss Ratio %

Prop. - Personal................. 612,175,000 Prop. - Commercial............ 390,150,000 Prop. - Total ....................... 1,002,325,000 Auto. - Liability ................... 800,899,000 Auto. - Pers. Acc................ 322,904,000 Auto. - Other ...................... 601,633,000 Auto. - Total ....................... 1,725,436,000 Boiler & Machinery ............ 25,761,000 Fidelity ............................... 1,053,000 Liability............................... 324,727,000 Surety ................................ 58,049,000 Marine................................ — Accident & Sickness .......... 1,300,000 —————Total 2008.......................... 3,138,651,000 Total 2007.......................... 3,021,014,000 Total 2006.......................... 2,902,095,000 Total 2005.......................... 2,911,926,000 Total 2004.......................... 2,859,589,000

583,547,000 371,492,000 955,039,000 794,019,000 321,571,000 596,331,000 1,711,921,000 24,203,000 1,159,000 315,932,000 30,131,000 — 1,363,000 —————3,039,748,000 2,935,257,000 2,883,194,000 2,877,559,000 2,852,830,000

429,234,000 266,066,000 695,300,000 247,201,000 556,107,000 365,255,000 1,168,563,000 4,686,000 254,000 201,254,000 4,155,000 –571,000 524,000 —————2,074,165,000 1,932,541,000 1,895,819,000 1,875,041,000 1,901,201,000

2008 Direct Premiums Written: +$3,301,906,000

73.56 71.62 72.80 31.13 172.93 61.25 68.26 19.36 21.92 63.70 13.79 — 38.44 ———68.23 65.84 65.75 65.16 66.64

Growth: +4.65%

2008 Underwriting Performance Summary % Growth Rate (NPW) ............................3.89 % of Market (NPW) .............................8.89 Earned Loss Ratio.............................68.23 Total Expense Ratio ..........................34.38 Combined Loss & Exp. Ratio ..........102.61 Return on Equity................................20.19

Reinsurance Assumed ...................4,956,000 Reinsurance Ceded ...................168,222,000 Net Premiums Written .............3,138,651,000 Net Premiums Earned.............3,039,748,000 Net Claims & Adj Exp..............2,074,165,000 Commissions..............................576,903,000 Taxes .........................................104,939,000 General Expenses......................363,104,000 Undrwtg. Profit/Loss...................–79,363,000 Investment Income.....................433,667,000

+$29,526,000 +$85,525,000

2006:

+$77,149,000

BCAA INSURANCE CORPORATION

D-C

Daniel Mirkovic, Vice President Insurance & Travel 4567 Canada Way Burnaby BC V5G 4T1 604-268-5000 Fax 604-268-5557 www.bcaa.com info@bcaa.bc.ca

Total 2008.......................... Total 2007.......................... Total 2006.......................... Total 2005.......................... Total 2004..........................

17,884,000 17,884,000 460,000 460,000 1,855,000 —————20,199,000 19,344,000 17,767,000 14,798,000 12,840,000

17,243,000 17,243,000 463,000 463,000 1,880,000 —————19,586,000 18,145,000 15,825,000 13,806,000 12,015,000

8,620,000 8,620,000 317,000 317,000 452,000 —————9,389,000 10,218,000 7,289,000 6,529,000 5,430,000

2008 Direct Premiums Written: +$79,058,000

49.99 49.99 68.47 68.47 24.04 ———47.94 56.31 46.06 47.29 45.19

Growth: +5.95%

Underwriting Result 2008: +$2,918,000 2005: –$963,000 78

2007: 2004:

B-F

Prop. - Personal................. Prop. - Commercial............ Prop. - Total ....................... Aircraft ............................... Auto. - Liability ................... Auto. - Pers. Acc................ Auto. - Other ...................... Auto. - Total ....................... Boiler & Machinery ............ Fidelity ............................... Hail .................................... Legal Expense ................... Liability............................... Surety ................................ Marine................................ Accident & Sickness .......... Total 2008.......................... Total 2007.......................... Total 2006.......................... Total 2005.......................... Total 2004..........................

275,452,000 287,628,000 563,080,000 1,000 302,951,000 85,975,000 337,469,000 726,395,000 13,590,000 4,859,000 85,000 1,087,000 218,380,000 43,950,000 32,678,000 4,170,000 —————1,608,275,000 1,527,422,000 1,427,471,000 1,236,885,000 1,136,332,000

254,187,000 277,567,000 531,754,000 –2,000 285,735,000 76,715,000 324,863,000 687,313,000 12,915,000 4,851,000 85,000 1,042,000 217,041,000 42,653,000 32,075,000 3,919,000 —————1,533,646,000 1,452,666,000 1,443,365,000 1,158,558,000 1,124,798,000

192,258,000 162,967,000 355,225,000 — 170,377,000 93,115,000 189,084,000 452,576,000 2,398,000 1,090,000 84,000 192,000 84,282,000 14,595,000 22,832,000 2,162,000 —————935,436,000 796,567,000 828,254,000 677,329,000 701,372,000

2008 Direct Premiums Written: +$1,708,403,000

75.64 58.71 66.80 — 59.63 121.38 58.20 65.85 18.57 22.47 98.82 18.43 38.83 34.22 71.18 55.17 ———60.99 54.83 57.38 58.46 62.36

Growth: +7.87%

2008 Underwriting Performance Summary % Growth Rate (NPW) ............................5.29 % of Market (NPW) .............................4.55 Earned Loss Ratio.............................60.99 Total Expense Ratio ..........................32.83 Combined Loss & Exp. Ratio ............93.82 Return on Equity..................................6.61

Reinsurance Assumed ...................9,530,000 Reinsurance Ceded ...................109,658,000 Net Premiums Written .............1,608,275,000 Net Premiums Earned.............1,533,646,000 Net Claims & Adj Exp.................935,436,000 Commissions..............................259,188,000 Taxes ...........................................56,087,000 General Expenses......................188,202,000 Undrwtg. Profit/Loss.....................94,733,000 Investment Income.........................8,320,000

2007: +$171,669,000 2004: +$48,586,000

2006: +$141,230,000

BRITISH AVIATION INSURANCE COMPANY LIMITED

B-UK

Giuseppe Zigrossi, Chief Agent 100 Renfrew Dr., Suite 200 Markham ON L3R 9R6 905-479-2244 Fax 905-479-0751

Aircraft ............................... Liability............................... Total 2008.......................... Total 2007.......................... Total 2006.......................... Total 2005.......................... Total 2004..........................

–25,000 — —————–25,000 –13,000 –8,000 5,000 43,000

–25,000 — —————–25,000 –13,000 –8,000 5,000 43,000

2008 Direct Premiums Written: +$4,000

63,000 –252.00 –121,000 — ————————–58,000 232.00 –200,000 1,538.46 –107,000 1,337.50 –681,000 –13,620.00 –1,059,000 –2,462.79

Growth: –233.33%

2008 Underwriting Performance Summary

2008 Underwriting Performance Summary Reinsurance Assumed ...............................— Reinsurance Ceded .....................58,859,000 Net Premiums Written ..................20,199,000 Net Premiums Earned..................19,586,000 Net Claims & Adj Exp.....................9,389,000 Commissions..............................–10,106,000 Taxes .............................................3,331,000 General Expenses........................15,330,000 Undrwtg. Profit/Loss.......................2,918,000 Investment Income.........................1,625,000

Earned Loss Ratio %

Jean-Denis Talon, Chairman Of The Board Jean-Francois Blais, President & Chief Executive Officer 2020 University St., Suite 700 Montreal PQ H3A 2A5 514-282-1914 Fax 514-282-9871 www.axa.ca

Underwriting Result 2008: +$94,733,000 2005: +$97,272,000

Prop. - Personal................. Prop. - Total ....................... Auto. - Other ...................... Auto. - Total ....................... Accident & Sickness ..........

Net Claims and Adjusting Expenses $

(P&C OPERATIONS) AXA ASSURANCES INC. AXA ASSURANCES AGRICOLES INC. AXA GENERAL INSURANCE AXA INSURANCE (CANADA) AXA PACIFIC INSURANCE COMPANY

Robin L. Spencer, President & C.E.O. 2206 Eglinton Ave. E. Scarborough ON M1L 4S8 416-288-1800 Fax 416-288-9756 www.avivacanada.ca & www.changeinsurance.ca

2007: 2004:

Net Premiums Earned $

B-UK AXA CANADA INC. — GROUP OF COMPANIES

Aviva Insurance Aviva Pilot Aviva Traders Aviva Elite Aviva Scottish & York

Underwriting Result 2008: –$79,363,000 2005: +$94,594,000

Net Premiums Written $

Class

% Growth Rate (NPW) ............................4.42 % of Market (NPW) .............................0.06 Earned Loss Ratio.............................47.94 Total Expense Ratio ..........................43.68 Combined Loss & Exp. Ratio ............91.62 Return on Equity................................16.59

–$1,759,000 –$1,287,000

2006:

+$373,000

Reinsurance Assumed ...............................— Reinsurance Ceded ............................29,000 Net Premiums Written .......................–25,000 Net Premiums Earned.......................–25,000 Net Claims & Adj Exp........................–58,000 Commissions ..............................................— Taxes..........................................................— General Expenses.............................178,000 Undrwtg. Profit/Loss........................–145,000 Investment Income..............................94,000

Underwriting Result 2008: –$145,000 2005: +$542,000

2007: 2004:

% Growth Rate (NPW) ..........................92.31 % of Market (NPW) ...........................–0.00 Earned Loss Ratio...........................232.00 Total Expense Ratio ......................–712.00 Combined Loss & Exp. Ratio ........–480.00 Return on Equity..............................–11.29

+$37,000 +$948,000

2006:

–$52,000

canadianunderwriter.ca CANADIAN UNDERWRITER STATISTICAL ISSUE 2009


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I help my clients plan for a secure future and have the best ally to achieve their goals!

At AXA, we have a dream: to become the preferred company. Thatâ&#x20AC;&#x2122;s why we offer our brokers and their clients the best solutions for meeting their financial protection needs. Our solid expertise and comprehensive line of products including Auto, Home, Commercial, Art, Surety, Marine, Critical Illness and Life Insurance enable our brokers and clients to achieve their goals and to plan for a secure future. Every day, we renew our commitment by being attentive, reliable and available. AXA and our brokers: partners in our clientsâ&#x20AC;&#x2122; dreams and success!

www.axa.ca


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Earned Loss Ratio %

Class

Net Premiums Written $

Net Premiums Earned $

Net Claims and Adjusting Expenses $

Earned Loss Ratio %

THE BOILER INSPECTION AND INSURANCE COMPANY OF CANADA B-US Hans Schols, President & C.E.O. 250 Yonge St Suite 3000 Toronto ON M5B 2L7 416-363-5491 Fax 416-363-0538 www.biico.com corporate@biico.com Prop. - Personal................. Prop. - Commercial............ Prop. - Total ....................... Boiler & Machinery ............ Liability............................... Total 2008.......................... Total 2007.......................... Total 2006.......................... Total 2005.......................... Total 2004..........................

20,000 5,780,000 5,800,000 84,134,000 1,000 —————89,935,000 85,795,000 85,904,000 85,757,000 86,166,000

5,000 5,547,000 5,552,000 82,028,000 1,000 —————87,581,000 85,232,000 86,459,000 84,967,000 84,217,000

— 7,410,000 7,410,000 16,661,000 — —————24,071,000 19,645,000 18,690,000 16,515,000 18,413,000

2008 Direct Premiums Written: +$37,010,000

— 133.59 133.47 20.31 — ———27.48 23.05 21.62 19.44 21.86

Growth: –8.23%

2008 Underwriting Performance Summary

2007: 2004:

Analytics

Prop. - Personal................. Prop. - Total ....................... Auto. - Liability ................... Auto. - Pers. Acc................ Auto. - Other ...................... Auto. - Total ....................... Liability............................... Total 2008.......................... Total 2007.......................... Total 2006.......................... Total 2005.......................... Total 2004..........................

23,267,000 23,267,000 26,920,000 2,705,000 46,347,000 75,972,000 966,000 —————100,205,000 97,771,000 85,164,000 69,923,000 49,456,000

21,268,000 21,268,000 26,450,000 2,621,000 46,756,000 75,827,000 848,000 —————97,943,000 94,914,000 81,675,000 65,847,000 44,198,000

15,718,000 15,718,000 17,151,000 1,705,000 30,575,000 49,431,000 313,000 —————65,462,000 63,695,000 53,845,000 42,802,000 28,957,000

2008 Direct Premiums Written: +$107,054,000

73.90 73.90 64.84 65.05 65.39 65.19 36.91 ———66.84 67.11 65.93 65.00 65.52

Growth: +2.12%

2008 Underwriting Performance Summary % Growth Rate (NPW) ............................4.83 % of Market (NPW) .............................0.25 Earned Loss Ratio.............................27.48 Total Expense Ratio ..........................52.51 Combined Loss & Exp. Ratio ............79.99 Return on Equity................................18.64

Reinsurance Assumed .................61,701,000 Reinsurance Ceded .......................9,333,000 Net Premiums Written ..................89,935,000 Net Premiums Earned..................87,581,000 Net Claims & Adj Exp...................24,071,000 Commissions................................24,183,000 Taxes .............................................1,567,000 General Expenses........................20,239,000 Undrwtg. Profit/Loss.....................17,521,000 Investment Income.........................3,485,000

Underwriting Result 2008: +$17,521,000 2005: +$26,825,000

D-C Suite 600-750 Cambie Street Vancouver BC V6B 0A2 604-699-3838 Fax 604-699-3860 canadiandirect.com insurancegeneral@canadiandirect.com

+$22,384,000 +$26,146,000

2006:

+$24,681,000

% Growth Rate (NPW) ............................2.49 % of Market (NPW) .............................0.28 Earned Loss Ratio.............................66.84 Total Expense Ratio ..........................27.99 Combined Loss & Exp. Ratio ............94.83 Return on Equity................................18.82

Reinsurance Assumed ...............................— Reinsurance Ceded .......................6,849,000 Net Premiums Written ................100,205,000 Net Premiums Earned..................97,943,000 Net Claims & Adj Exp...................65,462,000 Commissions.....................................488,000 Taxes .............................................4,091,000 General Expenses........................22,831,000 Undrwtg. Profit/Loss.......................6,448,000 Investment Income.........................5,251,000

Underwriting Result 2008: +$6,448,000 2005: +$5,557,000

2007: 2004:

+$6,785,000 +$2,995,000

2006:

+$6,902,000

Rating & statistical analysis www.compu-quote.com

Powered by Compu-Quote Helping assess and develop marketing strategies through comparative quoting

CAA INSURANCE COMPANY (ONTARIO)

D-C

N.J. Parks, President 60 Commerce Valley Dr. E. Thornhill ON L3T 7P9 905-771-3000 Fax 905-771-3101

Prop. - Personal................. Prop. - Total ....................... Auto. - Liability ................... Auto. - Pers. Acc................ Auto. - Other ...................... Auto. - Total ....................... Accident & Sickness .......... Total 2008.......................... Total 2007.......................... Total 2006.......................... Total 2005.......................... Total 2004..........................

18,450,000 18,450,000 40,467,000 30,743,000 23,830,000 95,040,000 10,587,000 —————124,077,000 110,031,000 107,414,000 111,757,000 128,649,000

18,495,000 18,495,000 40,000,000 29,898,000 23,832,000 93,730,000 5,351,000 —————117,576,000 109,459,000 109,759,000 114,379,000 124,901,000

14,568,000 14,568,000 39,619,000 23,142,000 15,295,000 78,056,000 1,898,000 —————94,522,000 75,028,000 76,658,000 83,413,000 91,755,000

2008 Direct Premiums Written: +$119,562,000

78.77 78.77 99.05 77.40 64.18 83.28 35.47 ———80.39 68.54 69.84 72.93 73.46

Growth: +3.48%

2008 Underwriting Performance Summary Reinsurance Assumed .................10,042,000 Reinsurance Ceded .......................5,527,000 Net Premiums Written ................124,077,000 Net Premiums Earned................117,576,000 Net Claims & Adj Exp...................94,522,000 Commissions..................................2,798,000 Taxes .............................................3,693,000 General Expenses........................38,637,000 Undrwtg. Profit/Loss...................–19,908,000 Investment Income.......................10,999,000

Underwriting Result 2008: –$19,908,000 2005: +$1,326,000 80

2007: 2004:

D-C John Strome, President Directeur General 525, boul. Rene-Levesque Est, 6eme etage, CP Box 17100 Quebec PQ G1K 9E2 418-266-9525 Fax 418-266-3467 Prop. - Personal................. Prop. - Commercial............ Prop. - Total ....................... Auto. - Liability ................... Auto. - Pers. Acc................ Auto. - Other ...................... Auto. - Total ....................... Legal Expense ................... Liability............................... Surety ................................ Total 2008.......................... Total 2007.......................... Total 2006.......................... Total 2005.......................... Total 2004..........................

124,015,000 13,192,000 137,207,000 110,389,000 2,741,000 139,913,000 253,043,000 5,249,000 10,309,000 312,000 —————406,120,000 366,588,000 344,202,000 325,992,000 304,362,000

115,917,000 12,971,000 128,888,000 98,358,000 2,683,000 134,791,000 235,832,000 5,139,000 6,092,000 96,000 —————376,047,000 352,594,000 332,390,000 316,281,000 285,153,000

2008 Direct Premiums Written: +$415,816,000

103,106,000 6,011,000 109,117,000 63,645,000 1,583,000 80,644,000 145,872,000 3,478,000 2,437,000 — —————260,904,000 232,645,000 231,606,000 225,542,000 188,969,000

88.95 46.34 84.66 64.71 59.00 59.83 61.85 67.68 40.00 — ———69.38 65.98 69.68 71.31 66.27

Growth: +10.40%

2008 Underwriting Performance Summary % Growth Rate (NPW) ..........................12.77 % of Market (NPW) .............................0.35 Earned Loss Ratio.............................80.39 Total Expense Ratio ..........................38.38 Combined Loss & Exp. Ratio ..........118.77 Return on Equity................................–8.25

–$1,667,000 +$2,746,000

2006:

–$380,000

Reinsurance Assumed ......................601,000 Reinsurance Ceded .....................10,297,000 Net Premiums Written ................406,120,000 Net Premiums Earned................376,047,000 Net Claims & Adj Exp.................260,904,000 Commissions................................11,121,000 Taxes ...........................................13,300,000 General Expenses........................70,699,000 Undrwtg. Profit/Loss.....................19,131,000 Investment Income.......................12,688,000

Underwriting Result 2008: +$19,131,000 2005: +$11,871,000

2007: 2004:

% Growth Rate (NPW) ..........................10.78 % of Market (NPW) .............................1.15 Earned Loss Ratio.............................69.38 Total Expense Ratio ..........................25.29 Combined Loss & Exp. Ratio ............94.67 Return on Equity................................11.04

+$29,360,000 +$22,946,000

2006:

+$16,069,000

canadianunderwriter.ca CANADIAN UNDERWRITER STATISTICAL ISSUE 2009


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MORE THAN JUST “THE BOILER GUYS”.

When our doors first opened in 1875, we pioneered boiler insurance at a time when exploding boilers were a threat to lives and businesses. But today’s world is very different. And so are we. We’re still Canada’s recognized leader in equipment breakdown insurance, but we’re more than just “The Boiler Guys”. We’re keeping pace with today’s changing technologies to meet the needs of every type of business. Our unique and innovative products include:

• Reinsurance products • Equipment breakdown insurance • Construction insurance • Property insurance Since our founding over 130 years ago, BI&I has developed a culture that values technical expertise. Engineering knowledge and experience enables us to understand the causes of loss. We then recommend risk management and loss prevention solutions that help our customers reduce losses and improve their results.

Find out more www.biico.com. Canada’s most reliable source for engineering-based insurance


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Class

Net Premiums Written $

Net Premiums Earned $

Net Claims and Adjusting Expenses $

CENTENNIAL INSURANCE COMPANY B-US CHUBB INSURANCE COMPANY Philip Cook, Chief Agent OF CANADA 500 - 36 King St. E. Toronto ON M5C 1E5 416-703-1734 Fax 416-703-8195 Aircraft ............................... Auto. - Liability ................... Auto. - Total ....................... Liability............................... Marine................................ Total 2008.......................... Total 2007.......................... Total 2006.......................... Total 2005.......................... Total 2004..........................

— — — — — —————— — 43,000 75,000 1,984,000

— — — — — —————— — 46,000 98,000 5,086,000

–25,000 –2,000 –2,000 –123,000 –56,000 —————–206,000 –1,228,000 –579,000 –424,000 3,283,000

— — — — — ———— — –1,258.70 –432.65 64.55

2008 Underwriting Performance Summary % Growth Rate (NPW)................................— % of Market (NPW).................................— Earned Loss Ratio ..................................— Total Expense Ratio ...............................— Combined Loss & Exp. Ratio..................— Return on Equity..................................5.36

Reinsurance Assumed ...............................— Reinsurance Ceded....................................— Net Premiums Written ................................— Net Premiums Earned ................................— Net Claims & Adj Exp......................–206,000 Commissions ..............................................— Taxes ....................................................3,000 General Expenses.............................276,000 Undrwtg. Profit/Loss..........................–73,000 Investment Income............................666,000

Underwriting Result 2008: –$73,000 2005: +$95,000

+$922,000 –$143,000

2006:

+$262,000

CHRYSLER INSURANCE COMPANY

D-F

Hani Chammat, Chief Agent in Canada 300-2425 Matheson Blvd. E. Mississauga ON L4W 5N7 905-629-6064 Fax 905-629-6067 Prop. - Commercial............ Prop. - Total ....................... Auto. - Liability ................... Auto. - Other ...................... Auto. - Total ....................... Surety ................................ Total 2008.......................... Total 2007.......................... Total 2006.......................... Total 2005.......................... Total 2004..........................

–8,000 –8,000 1,951,000 5,343,000 7,294,000 116,000 —————7,402,000 7,993,000 7,803,000 7,987,000 7,858,000

47,000 47,000 1,892,000 5,351,000 7,243,000 147,000 —————7,437,000 7,855,000 7,858,000 7,676,000 7,929,000

936,000 936,000 3,588,000 3,653,000 7,241,000 — —————8,177,000 4,164,000 4,405,000 4,626,000 3,629,000

2008 Direct Premiums Written: +$8,882,000

1,991.49 1,991.49 189.64 68.27 99.97 — ———109.95 53.01 56.06 60.27 45.77

Underwriting Result 2008: –$1,389,000 2005: +$2,879,000

Prop. - Personal................. Prop. - Commercial............ Prop. - Total ....................... Aircraft ............................... Auto. - Liability ................... Auto. - Pers. Acc................ Auto. - Other ...................... Auto. - Total ....................... Boiler & Machinery ............ Credit ................................. Fidelity ............................... Liability............................... Surety ................................ Marine................................ Accident & Sickness .......... Total 2008.......................... Total 2007.......................... Total 2006.......................... Total 2005.......................... Total 2004..........................

198,966,000 57,812,000 256,778,000 — 28,032,000 6,784,000 26,096,000 60,912,000 5,048,000 — 20,135,000 209,142,000 7,701,000 4,821,000 10,595,000 —————575,132,000 578,432,000 601,142,000 582,547,000 567,762,000

196,539,000 58,329,000 254,868,000 — 28,115,000 6,815,000 26,414,000 61,344,000 5,242,000 — 20,620,000 216,303,000 7,197,000 4,575,000 10,525,000 —————580,674,000 590,749,000 594,038,000 563,646,000 557,255,000

114,252,000 33,315,000 147,567,000 –38,000 18,812,000 3,692,000 15,199,000 37,703,000 1,334,000 3,000 17,645,000 141,686,000 781,000 629,000 4,702,000 —————352,012,000 286,880,000 282,855,000 375,322,000 339,276,000

2007: 2004:

% Growth Rate (NPW) ..........................–7.39 % of Market (NPW) .............................0.02 Earned Loss Ratio...........................109.95 Total Expense Ratio ............................8.73 Combined Loss & Exp. Ratio ..........118.68 Return on Equity..................................3.87

+$3,184,000 +$4,755,000

58.13 57.12 57.90 — 66.91 54.17 57.54 61.46 25.45 — 85.57 65.50 10.85 13.75 44.67 ———60.62 48.56 47.62 66.59 60.88

Growth: –2.14%

2008 Underwriting Performance Summary % Growth Rate (NPW) ..........................–0.57 % of Market (NPW) .............................1.63 Earned Loss Ratio.............................60.62 Total Expense Ratio ..........................31.40 Combined Loss & Exp. Ratio ............92.02 Return on Equity................................12.03

Reinsurance Assumed ...................1,060,000 Reinsurance Ceded .....................69,246,000 Net Premiums Written ................575,132,000 Net Premiums Earned................580,674,000 Net Claims & Adj Exp.................352,012,000 Commissions................................79,660,000 Taxes ...........................................21,395,000 General Expenses........................81,300,000 Undrwtg. Profit/Loss.....................46,307,000 Investment Income.......................82,908,000

Underwriting Result 2008: +$46,307,000 2005: +$21,532,000

2007: +$121,845,000 2004: +$52,402,000

2006: +$133,860,000

Growth: –8.30%

2008 Underwriting Performance Summary Reinsurance Assumed ...............................— Reinsurance Ceded .......................1,480,000 Net Premiums Written ....................7,402,000 Net Premiums Earned....................7,437,000 Net Claims & Adj Exp.....................8,177,000 Commissions.....................................166,000 Taxes ................................................306,000 General Expenses.............................177,000 Undrwtg. Profit/Loss.....................–1,389,000 Investment Income............................715,000

B-US

Ellen J. Moore, President One Financial Place, 1 Adelaide St. E. Toronto ON M5C 2V9 416-863-0550 Fax 416-863-3144

2008 Direct Premiums Written: +$634,652,000 2007: 2004:

Earned Loss Ratio %

CLARE MUTUAL INSURANCE COMPANY

Prop. - Personal................. Prop. - Commercial............ Prop. - Total ....................... Liability...............................

2006:

D-C

Belliveau Cove Digby County NS B0W 1J0 902-837-4597 Fax 902-837-7745

+$4,260,000 Total 2008.......................... Total 2007.......................... Total 2006.......................... Total 2005.......................... Total 2004..........................

769,000 106,000 875,000 81,000 —————956,000 959,000 895,000 853,000 900,000

753,000 106,000 859,000 80,000 —————939,000 925,000 868,000 800,000 819,000

438,000 — 438,000 14,000 —————452,000 390,000 211,000 343,000 192,000

2008 Direct Premiums Written: +$2,381,000

58.17 — 50.99 17.50 ———48.14 42.16 24.31 42.88 23.44

Growth: +3.30%

2008 Underwriting Performance Summary Reinsurance Assumed ...............................— Reinsurance Ceded .......................1,425,000 Net Premiums Written .......................956,000 Net Premiums Earned.......................939,000 Net Claims & Adj Exp........................452,000 Commissions.....................................–40,000 Taxes ..................................................43,000 General Expenses.............................589,000 Undrwtg. Profit/Loss........................–105,000 Investment Income............................153,000

Underwriting Result 2008: –$105,000 2005: +$17,000 82

2007: 2004:

% Growth Rate (NPW) ..........................–0.31 % of Market (NPW) .............................0.00 Earned Loss Ratio.............................48.14 Total Expense Ratio ..........................63.05 Combined Loss & Exp. Ratio ..........111.19 Return on Equity..................................3.02

–$31,000 +$72,000

2006:

+$232,000

canadianunderwriter.ca CANADIAN UNDERWRITER STATISTICAL ISSUE 2009


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reputation: n. recognition by other people, the state of being favourably known. Brokers' reputations rest on the quality of insurance company they represent. Chubb is consistently ranked superior in service. Chubb has received the highest financial rating from A.M. Best each year for 50 years.

If your reputation is important to you, Chubb is your best partner.

Chubb Defines Insurance

www.chubbinsurance.com Chubb Insurance refers to Chubb Insurance Company of Canada. The precise coverage offered is subject to the terms, conditions and exclusions of the policy as issued.


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CNA CANADA CONTINENTAL CASUALTY COMPANY Andrew P Hall, Chief Agent, President & COO 250 Yonge St., Suite 1500 Toronto ON M5B 2L7 416-542-7300 Fax 416-542-7360 www.cnacanada.ca Prop. - Personal................. –1,000 Prop. - Commercial............ 46,424,000 Prop. - Total ....................... 46,423,000 Aircraft ............................... –5,000 Auto. - Liability ................... 7,264,000 Auto. - Pers. Acc................ 766,000 Auto. - Other ...................... 5,797,000 Auto. - Total ....................... 13,827,000 Boiler & Machinery ............ 22,000 Credit ................................. — Fidelity ............................... 537,000 Liability............................... 142,938,000 Surety ................................ — Marine................................ 34,145,000 —————Total 2008.......................... 237,887,000 Total 2007.......................... 232,004,000 Total 2006.......................... 231,248,000 Total 2005.......................... 238,576,000 Total 2004.......................... 208,578,000

Underwriting Result 2008: +$3,066,000 2005: +$26,325,000

2007: 2004:

Class

Net Premiums Written $

Net Premiums Earned $

Net Claims and Adjusting Expenses $

Earned Loss Ratio %

B-US CO-OPERATIVE HAIL INSURANCE COMPANY LIMITED

–1,000 44,084,000 44,083,000 –5,000 6,187,000 700,000 5,503,000 12,390,000 35,000 — 651,000 138,429,000 — 33,852,000 —————229,435,000 225,779,000 230,605,000 229,933,000 209,739,000

524,000 –52,400.00 21,328,000 48.38 21,852,000 49.57 –2,300,000 46,000.00 8,326,000 134.57 2,341,000 334.43 3,859,000 70.13 14,526,000 117.24 1,059,000 3,025.71 –2,000 — 748,000 114.90 97,825,000 70.67 10,000 — 15,017,000 44.36 ————————148,735,000 64.83 124,629,000 55.20 117,745,000 51.06 127,737,000 55.55 126,359,000 60.25

2008 Direct Premiums Written: +$255,497,000 2008 Underwriting Performance Summary Reinsurance Assumed ......................189,000 Reinsurance Ceded .....................17,799,000 Net Premiums Written ................237,887,000 Net Premiums Earned................229,435,000 Net Claims & Adj Exp.................148,735,000 Commissions................................49,000,000 Taxes .............................................7,646,000 General Expenses........................20,988,000 Undrwtg. Profit/Loss.......................3,066,000 Investment Income.......................28,063,000

Earned Loss Ratio %

Growth: +1.52%

% Growth Rate (NPW) ............................2.54 % of Market (NPW) .............................0.67 Earned Loss Ratio.............................64.83 Total Expense Ratio ..........................33.84 Combined Loss & Exp. Ratio ............98.67 Return on Equity..................................8.54

+$27,651,000 +$13,663,000

2006:

D-C

Nick S Gayton, Chief Executive Officer Box 777, 2709-13th Ave. Regina SK S4P 3A8 306-522-8891 Fax 306-352-9130 dstumph@coophail.com Hail .................................... Total 2008.......................... Total 2007.......................... Total 2006.......................... Total 2005.......................... Total 2004..........................

24,894,000 —————24,894,000 20,282,000 15,430,000 20,998,000 15,877,000

24,894,000 —————24,894,000 20,282,000 15,430,000 20,998,000 15,877,000

2008 Direct Premiums Written: +$50,551,000

22,966,000 —————22,966,000 22,084,000 16,252,000 17,037,000 9,861,000

92.26 ———92.26 108.88 105.33 81.14 62.11

Growth: +44.10%

2008 Underwriting Performance Summary Reinsurance Assumed ...............................— Reinsurance Ceded .....................26,657,000 Net Premiums Written ..................24,894,000 Net Premiums Earned..................24,894,000 Net Claims & Adj Exp...................22,966,000 Commissions.....................................534,000 Taxes .............................................1,502,000 General Expenses..........................1,671,000 Undrwtg. Profit/Loss.....................–1,779,000 Investment Income.........................1,172,000

Underwriting Result 2008: –$1,779,000 2005: –$233,000

2007: 2004:

% Growth Rate (NPW) ..........................22.74 % of Market (NPW) .............................0.07 Earned Loss Ratio.............................92.26 Total Expense Ratio ..........................14.89 Combined Loss & Exp. Ratio ..........107.15 Return on Equity................................–6.42

–$5,932,000 +$2,920,000

2006:

–$4,051,000

+$40,003,000

The right partner can help you get a leg up on the competition. If you’re looking to make the most of your business opportunities, CNA is there for you with an industry-wide reputation for integrity, diversity, financial strength and customer focus. We offer brokers the resources and support to help them succeed. Global presence. Local underwriting authority. Financial strength and stability. When you want solid support for your business, we’re ready to give you a hand.

www.cnacanada.ca One or more of the CNA insurance companies underwrite the products and services described. Information is for illustrative purposes only and is not a contract. This document is intended to provide a general overview of products and services described. Remember that only the policy can provide the actual description, terms, conditions and exclusions. All coverages not available in all provinces. CNA, the OneWorld design, and the One Product One Source design are registered trade-marks of CNA Financial Corporation that are used under license. © 2006 Continental Casualty Company, Toronto, Canada.


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Net Premiums Written $

Net Premiums Earned $

Net Claims and Adjusting Expenses $

CO-OPERATORS GENERAL INSURANCE CUMIS GENERAL COMPANY (Consolidated) D-C INSURANCE COMPANY CO-OPERATORS GENERAL INSURANCE COMPANY COSECO INSURANCE COMPANY L'EQUITABLE COMPAGNIE D'ASSURANCES GENERALES SOVEREIGN GENERAL INSURANCE COMPANY L'UNION CANADIENNE, COMPAGNIE D'ASSURANCES Katherine Bardswick, President & C.E.O. Priory Square Guelph ON N1H 6P8 519-824-4400 Fax 519-837-0231 Prop. - Personal................. 484,285,000 Prop. - Commercial............ 257,498,000 Prop. - Total ....................... 741,783,000 Aircraft ............................... — Auto. - Liability ................... 514,396,000 Auto. - Pers. Acc................ 206,456,000 Auto. - Other ...................... 368,347,000 Auto. - Total ....................... 1,089,199,000 Boiler & Machinery ............ 62,000 Fidelity ............................... 5,120,000 Liability............................... 172,500,000 Surety ................................ 6,018,000 Marine................................ 8,393,000 Accident & Sickness .......... 328,000 —————Total 2008.......................... 2,023,403,000 Total 2007.......................... 1,938,608,000 Total 2006.......................... 1,935,605,000 Total 2005.......................... 1,787,861,000 Total 2004.......................... 1,757,125,000

474,509,000 246,443,000 720,952,000 — 510,350,000 202,242,000 356,254,000 1,068,846,000 –55,000 4,644,000 171,050,000 5,904,000 8,489,000 331,000 —————1,980,161,000 1,908,334,000 1,855,859,000 1,738,703,000 1,715,640,000

364,858,000 178,161,000 543,019,000 56,000 381,313,000 176,787,000 253,488,000 811,588,000 –16,000 3,786,000 92,788,000 581,000 4,646,000 145,000 —————1,456,593,000 1,269,227,000 1,276,555,000 1,158,872,000 1,097,711,000

2008 Direct Premiums Written: +$2,149,804,000 2008 Underwriting Performance Summary Reinsurance Assumed .................33,738,000 Reinsurance Ceded ...................160,285,000 Net Premiums Written .............2,023,403,000 Net Premiums Earned.............1,980,161,000 Net Claims & Adj Exp..............1,456,593,000 Commissions..............................292,352,000 Taxes ...........................................73,293,000 General Expenses......................280,003,000 Undrwtg. Profit/Loss.................–122,080,000 Investment Income.....................200,050,000

Underwriting Result 2008: –$122,080,000 2005: +$32,407,000

2007: 2004:

76.89 72.29 75.32 — 74.72 87.41 71.15 75.93 29.09 81.52 54.25 9.84 54.73 43.81 ———73.56 66.51 68.79 66.65 63.98

Growth: +3.02%

% Growth Rate (NPW) ............................4.37 % of Market (NPW) .............................5.73 Earned Loss Ratio.............................73.56 Total Expense Ratio ..........................32.61 Combined Loss & Exp. Ratio ..........106.17 Return on Equity..................................5.46

+$32,577,000 +$86,939,000

2006:

Kenneth W. Lalonde, 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 Prop. - Personal................. 5,166,000 Prop. - Commercial............ 5,433,000 Prop. - Total ....................... 10,599,000 Auto. - Liability ................... 6,303,000 Auto. - Pers. Acc................ 3,465,000 Auto. - Other ...................... 4,119,000 Auto. - Total ....................... 13,887,000 Boiler & Machinery ............ –1,000 Fidelity ............................... 3,587,000 Liability............................... 3,631,000 Surety ................................ 3,000 Accident & Sickness .......... 1,391,000 —————Total 2008.......................... 33,097,000 Total 2007.......................... 28,148,000 Total 2006.......................... 26,506,000 Total 2005.......................... 26,800,000 Total 2004.......................... 26,136,000

4,361,000 4,771,000 9,132,000 6,547,000 3,071,000 3,801,000 13,419,000 –1,000 3,369,000 3,586,000 3,000 1,177,000 —————30,685,000 27,362,000 26,992,000 26,671,000 27,131,000

2008 Direct Premiums Written: +$75,640,000

Earned Loss Ratio %

D-C

2,343,000 1,213,000 3,556,000 2,545,000 3,666,000 2,771,000 8,982,000 — 1,816,000 1,078,000 — 433,000 —————15,865,000 15,507,000 20,127,000 18,906,000 17,514,000

53.73 25.42 38.94 38.87 119.37 72.90 66.93 — 53.90 30.06 — 36.79 ———51.70 56.67 74.57 70.89 64.55

Growth: +12.29%

2008 Underwriting Performance Summary % Growth Rate (NPW) ..........................17.58 % of Market (NPW) .............................0.09 Earned Loss Ratio.............................51.70 Total Expense Ratio ..........................30.06 Combined Loss & Exp. Ratio ............81.76 Return on Equity................................17.38

Reinsurance Assumed ...................1,251,000 Reinsurance Ceded .....................43,794,000 Net Premiums Written ..................33,097,000 Net Premiums Earned..................30,685,000 Net Claims & Adj Exp...................15,865,000 Commissions..................................2,962,000 Taxes .............................................1,245,000 General Expenses..........................5,017,000 Undrwtg. Profit/Loss.......................3,732,000 Investment Income.........................2,843,000

Underwriting Result 2008: +$3,732,000 2005: +$342,000

2007: 2004:

+$2,060,000 +$1,557,000

2006:

–$247,000

+$3,326,000

D-C B-C

G.L. Cooke, President & C.E.O. 165 University Ave. Toronto ON M5H 3B9 416-362-7231 Fax 416-362-9918 Prop. - Personal................. 201,439,000 Prop. - Commercial............ 103,857,000 Prop. - Total ....................... 305,296,000 Auto. - Liability ................... 321,905,000 Auto. - Pers. Acc................ 137,426,000 Auto. - Other ...................... 200,673,000 Auto. - Total ....................... 660,004,000 Fidelity ............................... 1,471,000 Liability............................... 79,419,000 Surety ................................ 1,567,000 —————Total 2008.......................... 1,047,757,000 Total 2007.......................... 996,484,000 Total 2006.......................... 1,016,136,000 Total 2005.......................... 1,040,504,000 Total 2004.......................... 1,090,272,000

193,954,000 101,945,000 295,899,000 314,790,000 135,053,000 195,054,000 644,897,000 1,485,000 79,460,000 1,516,000 —————1,023,257,000 998,882,000 1,026,997,000 1,062,156,000 1,071,274,000

174,341,000 73,227,000 247,568,000 241,892,000 129,497,000 123,516,000 494,905,000 408,000 25,825,000 –127,000 —————768,579,000 714,655,000 644,017,000 645,448,000 727,252,000

2008 Direct Premiums Written: +$1,091,092,000 2008 Underwriting Performance Summary Reinsurance Assumed ...................1,012,000 Reinsurance Ceded .....................44,352,000 Net Premiums Written .............1,047,757,000 Net Premiums Earned.............1,023,257,000 Net Claims & Adj Exp.................768,579,000 Commissions..............................172,813,000 Taxes ...........................................34,780,000 General Expenses......................110,966,000 Undrwtg. Profit/Loss...................–50,749,000 Investment Income.......................56,564,000

Underwriting Result 2008: –$50,749,000 2005: +$111,361,000 86

2007: 2004:

89.89 71.83 83.67 76.84 95.89 63.32 76.74 27.47 32.50 –8.38 ———75.11 71.55 62.71 60.77 67.89

Growth: +5.10%

% Growth Rate (NPW) ............................5.15 % of Market (NPW) .............................2.97 Earned Loss Ratio.............................75.11 Total Expense Ratio ..........................31.13 Combined Loss & Exp. Ratio ..........106.24 Return on Equity................................–0.59

–$15,725,000 +$44,592,000

2006:

+$80,356,000

Sylvie Paquette, President 6300 Boul. De La Rive-Sud Levis PQ G6V 6P9 418-835-4850 Fax 418-835-5599 www.desjardins.com Prop. - Personal................. Prop. - Commercial............ Prop. - Total ....................... Auto. - Liability ................... Auto. - Pers. Acc................ Auto. - Other ...................... Auto. - Total ....................... Boiler & Machinery ............ Fidelity ............................... Liability............................... Surety ................................ Total 2008.......................... Total 2007.......................... Total 2006.......................... Total 2005.......................... Total 2004..........................

444,387,000 44,273,000 488,660,000 393,833,000 138,744,000 395,502,000 928,079,000 445,000 1,812,000 15,364,000 252,000 —————1,434,612,000 1,401,809,000 1,385,268,000 1,374,932,000 1,339,010,000

433,930,000 44,647,000 478,577,000 396,538,000 132,758,000 400,202,000 929,498,000 456,000 1,852,000 15,162,000 182,000 —————1,425,727,000 1,379,296,000 1,376,051,000 1,365,654,000 1,290,339,000

2008 Direct Premiums Written: +$1,459,606,000

342,838,000 30,658,000 373,496,000 246,642,000 135,239,000 281,997,000 663,878,000 393,000 8,020,000 10,156,000 — —————1,055,943,000 955,950,000 980,891,000 982,424,000 888,337,000

79.01 68.67 78.04 62.20 101.87 70.46 71.42 86.18 433.05 66.98 — ———74.06 69.31 71.28 71.94 68.85

Growth: +2.14%

2008 Underwriting Performance Summary Reinsurance Assumed ...............................— Reinsurance Ceded .....................24,994,000 Net Premiums Written .............1,434,612,000 Net Premiums Earned.............1,425,727,000 Net Claims & Adj Exp..............1,055,943,000 Commissions................................41,345,000 Taxes ...........................................47,736,000 General Expenses......................249,076,000 Undrwtg. Profit/Loss.....................31,627,000 Investment Income.......................24,315,000

Underwriting Result 2008: +$31,627,000 2005: +$108,564,000

% Growth Rate (NPW) ............................2.34 % of Market (NPW) .............................4.06 Earned Loss Ratio.............................74.06 Total Expense Ratio ..........................23.72 Combined Loss & Exp. Ratio ............97.78 Return on Equity..................................8.50

2007: +$102,831,000 2004: +$136,437,000

2006: +$110,775,000

canadianunderwriter.ca CANADIAN UNDERWRITER STATISTICAL ISSUE 2009


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EAGLE STAR INSURANCE COMPANY LIMITED

Total 2008.......................... Total 2007.......................... Total 2006.......................... Total 2005.......................... Total 2004..........................

— — –477,000 1,000 —————–476,000 –538,000 –88,000 –81,000 3,625,000

— — –477,000 1,000 —————–476,000 –538,000 –88,000 –81,000 12,184,000

2008 Direct Premiums Written: –$12,000

118,000 118,000 –800,000 –65,000 —————–747,000 –3,328,000 1,955,000 –1,495,000 5,505,000

— — 167.71 –6,500.00 ———156.93 618.59 –2,221.59 1,845.68 45.18

Growth: –50.00%

2008 Underwriting Performance Summary % Growth Rate (NPW) ........................–11.52 % of Market (NPW) ...........................–0.00 Earned Loss Ratio...........................156.93 Total Expense Ratio ........................–46.22 Combined Loss & Exp. Ratio ..........110.71 Return on Equity..................................3.57

Reinsurance Assumed ..........................1,000 Reinsurance Ceded ..........................465,000 Net Premiums Written .....................–476,000 Net Premiums Earned.....................–476,000 Net Claims & Adj Exp......................–747,000 Commissions.......................................–7,000 Taxes ....................................................6,000 General Expenses.............................221,000 Undrwtg. Profit/Loss............................51,000 Investment Income............................601,000

Underwriting Result 2008: +$51,000 2005: +$1,164,000

2007: 2004:

+$2,558,000 +$4,779,000

Net Premiums Written $

Net Premiums Earned $

Net Claims and Adjusting Expenses $

Earned Loss Ratio %

B-UK

Philip Cook, Chief Agent 500 - 36 King St. E. Toronto ON M5C 1E5 416-361-1728 Fax 416-361-6113 Prop. - Commercial............ Prop. - Total ....................... Aircraft ............................... Marine................................

Class

2006:

–$2,258,000

B-C ECONOMICAL MUTUAL INSURANCE COMPANY THE MISSISQUOI INSURANCE COMPANY WATERLOO INSURANCE COMPANY PERTH INSURANCE COMPANY FEDERATION INSURANCE COMPANY OF CANADA N.G. Walpole, President & C.E.O. 111 Westmount Rd. S. Waterloo ON N2J 4S4 519-570-8200 Fax 519-570-8389 www.economicalinsurance.com Prop. - Personal................. 329,566,000 Prop. - Commercial............ 259,613,000 Prop. - Total ....................... 589,179,000 Auto. - Liability ................... 510,875,000 Auto. - Pers. Acc................ 242,520,000 Auto. - Other ...................... 364,127,000 Auto. - Total ....................... 1,117,522,000 Boiler & Machinery ............ –5,000 Fidelity ............................... 2,342,000 Legal Expense ................... — Liability............................... 152,691,000 Surety ................................ 905,000 Marine................................ 77,000 Accident & Sickness .......... — —————Total 2008.......................... 1,862,711,000 Total 2007.......................... 1,832,988,000 Total 2006.......................... 1,839,704,000 Total 2005.......................... 1,703,380,000 Total 2004.......................... 1,639,579,000

321,330,000 254,937,000 576,267,000 516,522,000 235,915,000 360,210,000 1,112,647,000 –3,000 2,367,000 10,000 152,508,000 916,000 88,000 — —————1,844,800,000 1,829,554,000 1,767,611,000 1,665,596,000 1,555,426,000

283,956,000 163,083,000 447,039,000 423,295,000 276,359,000 236,130,000 935,784,000 2,000 196,000 –1,000 118,937,000 –32,000 21,000 3,000 —————1,501,949,000 1,265,570,000 1,218,109,000 1,070,799,000 941,823,000

2008 Direct Premiums Written: +$1,921,812,000

88.37 63.97 77.57 81.95 117.14 65.55 84.10 –66.67 8.28 –10.00 77.99 –3.49 23.86 — ———81.42 69.17 68.91 64.29 60.55

Growth: +1.69%

2008 Underwriting Performance Summary % Growth Rate (NPW) ............................1.62 % of Market (NPW) .............................5.27 Earned Loss Ratio.............................81.42 Total Expense Ratio ..........................29.99 Combined Loss & Exp. Ratio ..........111.41 Return on Equity................................–8.40

Reinsurance Assumed .................17,861,000 Reinsurance Ceded .....................76,962,000 Net Premiums Written .............1,862,711,000 Net Premiums Earned.............1,844,800,000 Net Claims & Adj Exp..............1,501,949,000 Commissions..............................346,058,000 Taxes ...........................................63,285,000 General Expenses......................143,939,000 Undrwtg. Profit/Loss.................–210,431,000 Investment Income.......................83,153,000

B-C Mark Sylvia, 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 Prop. - Personal................. Prop. - Commercial............ Prop. - Total ....................... Auto. - Liability ................... Auto. - Pers. Acc................ Auto. - Other ...................... Auto. - Total ....................... Legal Expense ................... Liability............................... Surety ................................ Accident & Sickness .......... Total 2008.......................... Total 2007.......................... Total 2006.......................... Total 2005.......................... Total 2004..........................

2,227,000 5,425,000 7,652,000 44,027,000 32,522,000 24,012,000 100,561,000 647,000 8,245,000 85,000 19,151,000 —————136,341,000 144,156,000 103,583,000 88,105,000 68,024,000

1,354,000 6,295,000 7,649,000 41,115,000 34,177,000 24,378,000 99,670,000 619,000 6,831,000 67,000 27,023,000 —————141,859,000 117,626,000 102,040,000 72,736,000 64,551,000

318,000 2,449,000 2,767,000 30,767,000 22,157,000 11,567,000 64,491,000 247,000 4,124,000 — 22,833,000 —————94,462,000 70,328,000 59,089,000 44,545,000 43,351,000

23.49 38.90 36.17 74.83 64.83 47.45 64.70 39.90 60.37 — 84.49 ———66.59 59.79 57.91 61.24 67.16

Growth: +8.90%

Reinsurance Assumed .................–4,506,000 Reinsurance Ceded .....................10,292,000 Net Premiums Written ................136,341,000 Net Premiums Earned................141,859,000 Net Claims & Adj Exp...................94,462,000 Commissions................................26,397,000 Taxes .............................................4,401,000 General Expenses........................17,956,000 Undrwtg. Profit/Loss..........................827,000 Investment Income.........................6,003,000

88

2006:

+$6,349,000

B-US

Michael Molony, Chief Agent For Canada 181 Bay St., Suite 1000 Brookfield Place Toronto ON M5J 2T3 416-365-7587 Fax 416-307-4372 Prop. - Commercial............ Prop. - Total ....................... Auto. - Liability ................... Auto. - Total ....................... Liability............................... Total 2008.......................... Total 2007.......................... Total 2006.......................... Total 2005.......................... Total 2004..........................

— — — — — —————— –5,000 — –5,000 —

— — — — — —————— –5,000 — –4,000 8,000

–73,000 — –73,000 — –12,000 — –12,000 — 178,000 — ————————93,000 — 510,000 –10,200.00 –157,000 — 60,000 –1,500.00 –1,332,000 –16,650.00

2008 Underwriting Performance Summary

2008 Underwriting Performance Summary

2007: 2004:

2007: +$3,368,000 2004: +$123,385,000

EMPLOYERS INSURANCE COMPANY OF WAUSAU

2008 Direct Premiums Written: +$151,806,000

Underwriting Result 2008: +$827,000 2005: +$10,272,000

Underwriting Result 2008: –$210,431,000 2005: +$84,565,000

% Growth Rate (NPW) ..........................–5.42 % of Market (NPW) .............................0.39 Earned Loss Ratio.............................66.59 Total Expense Ratio ..........................34.37 Combined Loss & Exp. Ratio ..........100.96 Return on Equity..................................7.56

+$9,394,000 +$5,259,000

2006:

+$14,652,000

Reinsurance Assumed ...............................— Reinsurance Ceded....................................— Net Premiums Written ................................— Net Premiums Earned ................................— Net Claims & Adj Exp..........................93,000 Commissions ..............................................— Taxes ....................................................1,000 General Expenses.............................113,000 Undrwtg. Profit/Loss........................–207,000 Investment Income.........................1,509,000

Underwriting Result 2008: –$207,000 2005: –$184,000

2007: 2004:

% Growth Rate (NPW)................................— % of Market (NPW).................................— Earned Loss Ratio ..................................— Total Expense Ratio ...............................— Combined Loss & Exp. Ratio..................— Return on Equity..................................4.64

–$609,000 +$1,297,000

2006:

+$84,000

canadianunderwriter.ca CANADIAN UNDERWRITER STATISTICAL ISSUE 2009


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LE GROUPE ESTRIE-RICHELIEU COMPAGNIE D'ASSURANCE

Total 2008.......................... Total 2007.......................... Total 2006.......................... Total 2005.......................... Total 2004..........................

8,422,000 17,545,000 25,967,000 254,000 14,000 625,000 893,000 219,000 4,184,000 —————31,263,000 30,840,000 29,820,000 27,726,000 23,721,000

8,165,000 17,482,000 25,647,000 257,000 14,000 648,000 919,000 216,000 3,951,000 —————30,733,000 30,294,000 28,577,000 27,043,000 23,995,000

4,790,000 13,262,000 18,052,000 152,000 2,000 295,000 449,000 34,000 1,797,000 —————20,332,000 20,909,000 18,165,000 14,770,000 11,003,000

2008 Direct Premiums Written: +$38,045,000

58.67 75.86 70.39 59.14 14.29 45.52 48.86 15.74 45.48 ———66.16 69.02 63.57 54.62 45.86

Growth: +3.04%

2008 Underwriting Performance Summary % Growth Rate (NPW) ............................1.37 % of Market (NPW) .............................0.09 Earned Loss Ratio.............................66.16 Total Expense Ratio ..........................35.20 Combined Loss & Exp. Ratio ..........101.36 Return on Equity..................................2.93

Reinsurance Assumed ...................5,186,000 Reinsurance Ceded .....................11,968,000 Net Premiums Written ..................31,263,000 Net Premiums Earned..................30,733,000 Net Claims & Adj Exp...................20,332,000 Commissions..................................6,954,000 Taxes..........................................................— General Expenses..........................3,863,000 Undrwtg. Profit/Loss........................–416,000 Investment Income.........................2,289,000

Underwriting Result 2008: –$416,000 2005: +$3,450,000

2007: 2004:

Net Premiums Earned $

Net Claims and Adjusting Expenses $

Earned Loss Ratio %

William G. Jonas, President & Chief Executive Officer The Exchange Tower, P.O. Box 431 130 King St. W., Suite 2520 Toronto ON M5X 1E3 416-862-1228 Fax 416-366-5899 www.everestre.com pamela.jornacion@everestre.com

Prop. - Commercial............ Prop. - Total ....................... Total 2008.......................... Total 2007.......................... Total 2006.......................... Total 2005.......................... Total 2004..........................

2006:

— — —————— — — 2,000 93,000

— — —————— — — 2,000 93,000

4,000 4,000 —————4,000 –131,000 –98,000 –124,000 176,000

— — ———— — — –6,200.00 189.25

2008 Underwriting Performance Summary % Growth Rate (NPW)................................— % of Market (NPW).................................— Earned Loss Ratio ..................................— Total Expense Ratio ...............................— Combined Loss & Exp. Ratio..................— Return on Equity................................–1.08

Reinsurance Assumed ...............................— Reinsurance Ceded....................................— Net Premiums Written ................................— Net Premiums Earned ................................— Net Claims & Adj Exp............................4,000 Commissions ..............................................— Taxes..........................................................— General Expenses.............................131,000 Undrwtg. Profit/Loss........................–135,000 Investment Income..............................93,000

Underwriting Result 2008: –$135,000 2005: –$126,000

–$940,000 +$5,158,000

Net Premiums Written $

EVEREST INSURANCE COMPANY OF D-C CANADA/LA COMPAGNIE D'ASSURANCE EVEREST DU CANADA B-C

Michel Prevost, President 770 Rue Principale Granby PQ J2G 2Y7 450-378-0101 Fax 450-378-5189 www.ger.qc.ca info@ger.qc.ca Prop. - Personal................. Prop. - Commercial............ Prop. - Total ....................... Auto. - Liability ................... Auto. - Pers. Acc................ Auto. - Other ...................... Auto. - Total ....................... Boiler & Machinery ............ Liability...............................

Class

2007: 2004:

+$11,000 –$384,000

2006:

–$96,000

+$12,000

EULER HERMES AMERICAN CREDIT INDEMNITY COMPANY D-US Paul Flanagan, Chief Executive Officer CIBC Tower 1155 Rene-Levesque Blvd., Suite 1702 Montreal PQ H3B 3Z7 514-876-9656 Fax 514-876-9658 www.eulerhermes.ca paul.flanagan@eulerhermes.com Credit ................................. Total 2008.......................... Total 2007.......................... Total 2006.......................... Total 2005.......................... Total 2004..........................

21,520,000 —————21,520,000 21,755,000 25,380,000 26,927,000 21,285,000

20,586,000 —————20,586,000 22,425,000 23,983,000 26,504,000 21,399,000

23,172,000 —————23,172,000 13,715,000 13,290,000 13,554,000 14,005,000

2008 Direct Premiums Written: +$41,088,000

112.56 ———112.56 61.16 55.41 51.14 65.45

Growth: +2.10%

2008 Underwriting Performance Summary Reinsurance Assumed ...............................— Reinsurance Ceded .....................19,568,000 Net Premiums Written ..................21,520,000 Net Premiums Earned..................20,586,000 Net Claims & Adj Exp...................23,172,000 Commissions..................................3,097,000 Taxes .............................................1,156,000 General Expenses..........................1,422,000 Undrwtg. Profit/Loss.....................–8,085,000 Investment Income.........................2,004,000

Underwriting Result 2008: –$8,085,000 2005: +$4,855,000

% Growth Rate (NPW) ..........................–1.08 % of Market (NPW) .............................0.06 Earned Loss Ratio...........................112.56 Total Expense Ratio ..........................27.57 Combined Loss & Exp. Ratio ..........140.13 Return on Equity................................–6.37

Prop. - Commercial............ Prop. - Total ....................... Boiler & Machinery ............ Total 2008.......................... Total 2007.......................... Total 2006.......................... Total 2005.......................... Total 2004..........................

159,720,000 159,720,000 41,224,000 —————200,944,000 202,867,000 243,527,000 238,290,000 231,999,000

161,538,000 161,538,000 41,171,000 —————202,709,000 213,626,000 238,872,000 238,898,000 224,004,000

2008 Direct Premiums Written: +$243,880,000

129,605,000 129,605,000 111,204,000 —————240,809,000 82,383,000 88,387,000 159,841,000 93,914,000

80.23 80.23 270.10 ———118.80 38.56 37.00 66.91 41.93

Growth: –15.56%

2008 Underwriting Performance Summary 2007: 2004:

Analytics

+$3,603,000 +$2,229,000

2006:

+$6,833,000

Rating & statistical analysis www.compu-quote.com

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D-US Perry R. Brazeau, Chief Agent 165 Commerce Valley Dr. W., Suite 500 Thornhill ON L3T 7V8 905-763-5555 Fax 905-763-5556 fmglobal.com

Reinsurance Assumed .................25,014,000 Reinsurance Ceded .....................67,950,000 Net Premiums Written ................200,944,000 Net Premiums Earned................202,709,000 Net Claims & Adj Exp.................240,809,000 Commissions................................–5,119,000 Taxes ...........................................10,545,000 General Expenses........................36,251,000 Undrwtg. Profit/Loss...................–79,777,000 Investment Income.......................32,977,000

Underwriting Result 2008: –$79,777,000 2005: +$39,923,000

2007: 2004:

% Growth Rate (NPW) ..........................–0.95 % of Market (NPW) .............................0.57 Earned Loss Ratio...........................118.80 Total Expense Ratio ..........................20.56 Combined Loss & Exp. Ratio ..........139.36 Return on Equity..................................8.04

+$92,680,000 +$87,061,000

2006: +$110,948,000

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Net Premiums Written $

Net Premiums Earned $

Net Claims and Adjusting Expenses $

Earned Loss Ratio %

B-C B-C 2235 Sheridan Garden Dr. Oakville ON L6J 7Y5 905-287-1000 Fax 905-287-2400 www.firstcanadiantitle.com Title .................................... Total 2008.......................... Total 2007.......................... Total 2006.......................... Total 2005.......................... Total 2004..........................

126,367,000 —————126,367,000 148,035,000 123,029,000 102,202,000 91,544,000

126,367,000 —————126,367,000 148,035,000 123,029,000 102,202,000 91,544,000

2008 Direct Premiums Written: +$126,395,000

38,274,000 —————38,274,000 38,052,000 35,178,000 20,555,000 26,008,000

30.29 ———30.29 25.70 28.59 20.11 28.41

Growth: –14.62%

2008 Underwriting Performance Summary % Growth Rate (NPW) ........................–14.64 % of Market (NPW) .............................0.36 Earned Loss Ratio.............................30.29 Total Expense Ratio ..........................57.54 Combined Loss & Exp. Ratio ............87.83 Return on Equity................................19.64

Reinsurance Assumed ...............................— Reinsurance Ceded ............................28.000 Net Premiums Written ................126,367,000 Net Premiums Earned................126,367,000 Net Claims & Adj Exp...................38,274,000 Commissions.....................................422,000 Taxes .............................................4,096,000 General Expenses........................68,199,000 Undrwtg. Profit/Loss.....................15,611,000 Investment Income.........................5,414,000

Underwriting Result 2008: +$15,611,000 2005: +$19,581,000

2007: 2004:

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 Prop. - Personal................. Prop. - Commercial............ Prop. - Total ....................... Auto. - Liability ................... Auto. - Pers. Acc................ Auto. - Other ...................... Auto. - Total ....................... Boiler & Machinery ............ Liability............................... Surety ................................ Accident & Sickness .......... Total 2008.......................... Total 2007.......................... Total 2006.......................... Total 2005.......................... Total 2004..........................

67,615,000 20,828,000 88,443,000 43,007,000 31,880,000 29,046,000 103,933,000 — 16,034,000 1,000 66,000 —————208,477,000 185,560,000 174,238,000 156,612,000 153,745,000

64,934,000 18,855,000 83,789,000 39,211,000 29,320,000 26,237,000 94,768,000 — 15,136,000 1,000 70,000 —————193,764,000 179,559,000 165,679,000 154,438,000 151,651,000

2008 Direct Premiums Written: +$223,511,000

43,074,000 11,914,000 54,988,000 32,054,000 22,083,000 17,504,000 71,641,000 17,000 4,593,000 — — —————131,239,000 109,299,000 103,963,000 96,866,000 87,652,000

66.34 63.19 65.63 81.75 75.32 66.71 75.60 — 30.34 — — ———67.73 60.87 62.75 62.72 57.80

Growth: +12.77%

2008 Underwriting Performance Summary

+$32,888,000 +$12,040,000

2006:

+$18,511,000

% Growth Rate (NPW) ..........................12.35 % of Market (NPW) .............................0.59 Earned Loss Ratio.............................67.73 Total Expense Ratio ..........................34.91 Combined Loss & Exp. Ratio ..........102.64 Return on Equity..................................2.19

Reinsurance Assumed ...............................— Reinsurance Ceded .....................15,034,000 Net Premiums Written ................208,477,000 Net Premiums Earned................193,764,000 Net Claims & Adj Exp.................131,239,000 Commissions................................37,420,000 Taxes .............................................6,924,000 General Expenses........................23,307,000 Undrwtg. Profit/Loss.....................–2,461,000 Investment Income.........................6,957,000

Underwriting Result 2008: –$2,461,000 2005: +$5,148,000

2007: 2004:

+$6,954,000 +$16,066,000

2006:

+$4,437,000

B-C Dan Courtemanche, President & C.E.O. 181 University Ave. Suite 1000 Toronto ON M5H 3M7 416-682-5300 Fax 416-682-9213 www.gcan.ca Prop. - Commercial............ Prop. - Total ....................... Aircraft ............................... Auto. - Liability ................... Auto. - Pers. Acc................ Auto. - Other ...................... Auto. - Total ....................... Boiler & Machinery ............ Credit ................................. Fidelity ............................... Hail .................................... Liability............................... Marine................................ Total 2008.......................... Total 2007.......................... Total 2006.......................... Total 2005.......................... Total 2004..........................

GRAIN INSURANCE AND GUARANTEE COMPANY

47,021,000 47,021,000 2,164,000 1,637,000 251,000 2,330,000 4,218,000 11,499,000 — 738,000 7,859,000 72,338,000 1,175,000 —————147,012,000 77,474,000 71,049,000 66,943,000 62,058,000

30,295,000 30,295,000 1,713,000 893,000 40,000 1,308,000 2,241,000 10,801,000 — 514,000 7,859,000 59,423,000 1,356,000 —————114,202,000 73,781,000 69,007,000 65,248,000 63,180,000

2008 Direct Premiums Written: +$218,943,000

15,138,000 15,138,000 1,634,000 737,000 270,000 501,000 1,508,000 5,406,000 –2,000 91,000 7,836,000 23,778,000 358,000 —————55,747,000 23,000,000 32,073,000 29,053,000 33,572,000

49.97 49.97 95.39 82.53 675.00 38.30 67.29 50.05 — 17.70 99.71 40.01 26.40 ———48.81 31.17 46.48 44.53 53.14

Growth: +17.73%

Underwriting Result 2008: +$20,710,000 2005: +$14,625,000 92

2007: 2004:

Prop. - Personal................. Prop. - Commercial............ Prop. - Total ....................... Boiler & Machinery ............ Fidelity ............................... Liability............................... Surety ................................ Total 2008.......................... Total 2007.......................... Total 2006.......................... Total 2005.......................... Total 2004..........................

8,559,000 22,300,000 30,859,000 124,000 100,000 8,670,000 149,000 —————39,902,000 37,795,000 41,224,000 28,590,000 25,658,000

8,499,000 22,064,000 30,563,000 124,000 95,000 8,719,000 150,000 —————39,651,000 36,917,000 36,769,000 27,782,000 23,203,000

3,700,000 11,433,000 15,133,000 19,000 –5,000 3,511,000 –5,000 —————18,653,000 16,400,000 15,784,000 12,819,000 10,529,000

2008 Direct Premiums Written: +$49,785,000

43.53 51.82 49.51 15.32 –5.26 40.27 –3.33 ———47.04 44.42 42.93 46.14 45.38

Growth: +2.86%

2008 Underwriting Performance Summary

2008 Underwriting Performance Summary Reinsurance Assumed ...................1,260,000 Reinsurance Ceded .....................81,120,000 Net Premiums Written ................147,012,000 Net Premiums Earned................114,202,000 Net Claims & Adj Exp...................55,747,000 Commissions................................10,129,000 Taxes .............................................6,817,000 General Expenses........................20,799,000 Undrwtg. Profit/Loss.....................20,710,000 Investment Income.........................7,756,000

B-C

R.N. Jackson, President & General Manager 1240 One Lombard Place Winnipeg MB R3B 0V9 204-943-0721 Fax 204-943-6419 www.graininsurance.com fewilliams@graininsurance.com

% Growth Rate (NPW) ..........................89.76 % of Market (NPW) .............................0.42 Earned Loss Ratio.............................48.81 Total Expense Ratio ..........................33.05 Combined Loss & Exp. Ratio ............81.86 Return on Equity................................10.51

+$27,722,000 +$12,764,000

2006:

+$13,124,000

Reinsurance Assumed ...............................— Reinsurance Ceded .......................9,883,000 Net Premiums Written ..................39,902,000 Net Premiums Earned..................39,651,000 Net Claims & Adj Exp...................18,653,000 Commissions..................................8,642,000 Taxes .............................................2,013,000 General Expenses..........................6,271,000 Undrwtg. Profit/Loss.......................4,072,000 Investment Income.........................3,073,000

Underwriting Result 2008: +$4,072,000 2005: +$3,268,000

2007: 2004:

% Growth Rate (NPW) ............................5.57 % of Market (NPW) .............................0.11 Earned Loss Ratio.............................47.04 Total Expense Ratio ..........................42.69 Combined Loss & Exp. Ratio ............89.73 Return on Equity................................17.37

+$4,181,000 +$2,245,000

2006:

+$4,251,000

canadianunderwriter.ca CANADIAN UNDERWRITER STATISTICAL ISSUE 2009


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GREAT AMERICAN INSURANCE COMPANY 2100-40 King St W Toronto ON M5H 3C2 416-369-5300 Fax 416-360-8877 Prop. - Commercial............ Prop. - Total ....................... Boiler & Machinery ............ Fidelity ............................... Liability............................... Surety ................................ Marine................................ Total 2008..........................

24,830,000 24,830,000 — 910,000 14,699,000 174,000 3,264,000 —————43,877,000

27,335,000 27,335,000 — 828,000 13,293,000 31,000 3,259,000 —————44,746,000

Earned Loss Ratio %

Net Premiums Written $

Net Premiums Earned $

Net Claims and Adjusting Expenses $

Earned Loss Ratio %

HANOVER INSURANCE COMPANY

25,587,000 25,587,000 1,000 –307,000 –10,000 9,000 1,667,000 —————26,947,000

2008 Direct Premiums Written: +$59,971,000

B-F

Philip Cook, Chief Agent 500 - 36 King St. E. Toronto ON M5C 1E5 416-361-1728 Fax 416-361-6113

93.61 93.61 — –37.08 –0.08 29.03 51.15 ———60.22

Liability...............................

Growth: 0.00%

2008 Underwriting Performance Summary % Growth Rate (NPW)................................— % of Market (NPW) .............................0.12 Earned Loss Ratio.............................60.22 Total Expense Ratio ..........................55.46 Combined Loss & Exp. Ratio ..........115.68 Return on Equity..................................8.08

Reinsurance Assumed ......................955,000 Reinsurance Ceded .....................17,049,000 Net Premiums Written ..................43,877,000 Net Premiums Earned..................44,746,000 Net Claims & Adj Exp...................26,947,000 Commissions................................16,436,000 Taxes .............................................2,397,000 General Expenses..........................5,982,000 Undrwtg. Profit/Loss...................–10,319,000 Investment Income.......................11,768,000

Class

Total 2008.......................... Total 2006.......................... Total 2005.......................... Total 2004..........................

— —————— — — —

— —————— — — —

B-US

1,000 —————1,000 –4,000 –10,000 2,000

— ———— — — —

2008 Underwriting Performance Summary % Growth Rate (NPW)................................— % of Market (NPW).................................— Earned Loss Ratio ..................................— Total Expense Ratio ...............................— Combined Loss & Exp. Ratio..................— Return on Equity..................................0.15

Reinsurance Assumed ...............................— Reinsurance Ceded....................................— Net Premiums Written ................................— Net Premiums Earned ................................— Net Claims & Adj Exp............................1,000 Commissions ..............................................— Taxes..........................................................— General Expenses...............................90,000 Undrwtg. Profit/Loss..........................–91,000 Investment Income..............................96,000

Underwriting Result 2008: –$91,000 2005: –$73,000

2007: 2004:

–$84,000 –$91,000

2006:

–$88,000

Underwriting Result 2008: –$10,319,000

HARTFORD FIRE INSURANCE COMPANY

B-US

Illona V. Kirsh, Chief Agent In Canada 121 King St. West, Suite 1810 PO Box 112 Toronto ON M5H 3T9

Prop. - Personal................. Prop. - Commercial............ Prop. - Total ....................... Aircraft ............................... Auto. - Liability ................... Auto. - Pers. Acc................ Auto. - Other ...................... Auto. - Total ....................... Boiler & Machinery ............ Fidelity ............................... Liability............................... Surety ................................ Marine................................ Accident & Sickness ..........

8677 Anchor Dr PO Box 1606 Windsor ON N9A 6W1 www.greenshield.ca Accident & Sickness .......... Total 2008..........................

297,414,000 —————297,414,000

297,414,000 —————297,414,000

242,038,000 —————242,038,000

2008 Direct Premiums Written: +$297,963,000

81.38 ———81.38

Growth: 0.00%

2008 Underwriting Performance Summary Reinsurance Assumed ...............................— Reinsurance Ceded ..........................549,000 Net Premiums Written ................297,414,000 Net Premiums Earned................297,414,000 Net Claims & Adj Exp.................242,038,000 Commissions................................12,433,000 Taxes .............................................5,049,000 General Expenses........................19,895,000 Undrwtg. Profit/Loss.....................13,377,000 Investment Income.......................–2,139,000

% Growth Rate (NPW)................................— % of Market (NPW) .............................0.84 Earned Loss Ratio.............................81.38 Total Expense Ratio ..........................12.57 Combined Loss & Exp. Ratio ............93.95 Return on Equity..................................6.95

Underwriting Result 2008: +$13,377,000 CANADIAN UNDERWRITER STATISTICAL ISSUE 2009

Total 2008.......................... Total 2007.......................... Total 2006.......................... Total 2005.......................... Total 2004..........................

— 9,460,000 9,460,000 — 890,000 16,000 262,000 1,168,000 –4,000 20,000 5,757,000 121,000 3,000 1,000 —————16,526,000 17,707,000 20,979,000 21,232,000 20,358,000

— 9,596,000 9,596,000 — 933,000 17,000 263,000 1,213,000 –4,000 19,000 5,414,000 109,000 3,000 1,000 —————16,351,000 18,435,000 19,640,000 21,108,000 21,433,000

2008 Direct Premiums Written: +$19,833,000

7,000 8,712,000 8,719,000 –97,000 4,068,000 25,000 704,000 4,797,000 — 84,000 4,192,000 12,000 11,000 — —————17,718,000 7,200,000 8,300,000 17,562,000 7,784,000

— 90.79 90.86 — 436.01 147.06 267.68 395.47 — 442.11 77.43 11.01 366.67 — ———108.36 39.06 42.26 83.20 36.32

Growth: –12.03%

2008 Underwriting Performance Summary Reinsurance Assumed .................19,833,000 Reinsurance Ceded ..........................143,000 Net Premiums Written ..................16,526,000 Net Premiums Earned..................16,351,000 Net Claims & Adj Exp...................17,718,000 Commissions.....................................280,000 Taxes ................................................810,000 General Expenses..........................2,703,000 Undrwtg. Profit/Loss.....................–5,160,000 Investment Income.......................12,394,000

Underwriting Result 2008: –$5,160,000 2005: +$1,425,000

2007: 2004:

% Growth Rate (NPW) ..........................–6.67 % of Market (NPW) .............................0.05 Earned Loss Ratio...........................108.36 Total Expense Ratio ..........................23.20 Combined Loss & Exp. Ratio ..........131.56 Return on Equity..................................3.20

+$8,236,000 +$8,953,000

2006:

+$8,104,000

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THE GUARANTEE COMPANY OF NORTH AMERICA

Earned Loss Ratio %

Total 2008.......................... Total 2007.......................... Total 2006.......................... Total 2005.......................... Total 2004..........................

61,095,000 6,437,000 67,532,000 33,077,000 21,432,000 24,269,000 78,778,000 1,139,000 12,775,000 38,900,000 50,901,000 325,000 —————250,350,000 246,959,000 260,375,000 269,326,000 276,840,000

42,886,000 2,476,000 45,362,000 30,854,000 24,912,000 10,815,000 66,581,000 329,000 2,747,000 28,535,000 3,429,000 50,000 —————147,033,000 138,909,000 146,785,000 154,641,000 150,637,000

2008 Direct Premiums Written: +$294,088,000

72.62 37.39 69.06 91.61 118.97 43.98 84.06 41.86 21.07 70.56 7.27 15.02 ———59.62 55.16 55.50 57.09 55.42

Growth: +2.86%

2008 Underwriting Performance Summary

Underwriting Result 2008: +$8,831,000 2005: +$28,991,000

2007: 2004:

Analytics

% Growth Rate (NPW) ............................1.37 % of Market (NPW) .............................0.71 Earned Loss Ratio.............................59.62 Total Expense Ratio ..........................36.80 Combined Loss & Exp. Ratio ............96.42 Return on Equity..................................7.76

+$27,831,000 +$34,282,000

2006:

B-US

— —————— — — —

— —————— — — —

33,000 —————33,000 414,000 30,000 –1,000

— ———— — — —

2008 Underwriting Performance Summary Reinsurance Assumed ...............................— Reinsurance Ceded....................................— Net Premiums Written ................................— Net Premiums Earned ................................— Net Claims & Adj Exp..........................33,000 Commissions ..............................................— Taxes..........................................................— General Expenses...............................89,000 Undrwtg. Profit/Loss........................–122,000 Investment Income............................101,000

94

Total 2008.......................... Total 2007.......................... Total 2006.......................... Total 2005.......................... Total 2004..........................

41,240,000 41,240,000 30,638,000 1,262,000 42,592,000 74,492,000 1,162,000 —————116,894,000 110,094,000 102,962,000 93,695,000 87,718,000

39,758,000 39,758,000 30,277,000 1,314,000 41,391,000 72,982,000 1,193,000 —————113,933,000 106,641,000 98,583,000 89,546,000 80,797,000

32,253,000 32,253,000 15,894,000 167,000 33,797,000 49,858,000 1,132,000 —————83,243,000 71,780,000 71,194,000 62,921,000 54,883,000

2008 Direct Premiums Written: +$129,902,000

81.12 81.12 52.50 12.71 81.65 68.32 94.89 ———73.06 67.31 72.22 70.27 67.93

Growth: +7.22%

2008 Underwriting Performance Summary % Growth Rate (NPW) ............................6.18 % of Market (NPW) .............................0.33 Earned Loss Ratio.............................73.06 Total Expense Ratio ..........................25.67 Combined Loss & Exp. Ratio ............98.73 Return on Equity................................11.14

Reinsurance Assumed ...............................— Reinsurance Ceded .....................13,008,000 Net Premiums Written ................116,894,000 Net Premiums Earned................113,933,000 Net Claims & Adj Exp...................83,243,000 Commissions..................................3,409,000 Taxes .............................................4,262,000 General Expenses........................21,572,000 Undrwtg. Profit/Loss.......................1,447,000 Investment Income.........................2,404,000

Underwriting Result 2008: +$1,447,000 2005: +$4,176,000

2007: 2004:

+$6,076,000 +$5,556,000

2006:

+$1,627,000

B-C

Philip Cook, Chief Agent 500 - 36 King St. E. Toronto ON M5C 1E5 416-361-1728 Fax 416-361-6113

2007: 2004:

Prop. - Personal................. Prop. - Total ....................... Auto. - Liability ................... Auto. - Pers. Acc................ Auto. - Other ...................... Auto. - Total ....................... Liability...............................

www.compu-quote.com

ICAROM PLC

Underwriting Result 2008: –$122,000 2005: –$124,000

Earned Loss Ratio %

Rating & statistical analysis

Helping assess and develop marketing strategies through comparative quoting

Total 2008.......................... Total 2006.......................... Total 2005.......................... Total 2004..........................

Net Claims and Adjusting Expenses $

+$30,460,000

Powered by Compu-Quote

Liability...............................

Net Premiums Earned $

Michel Laurin, President et chef de l'exploitation 925 Chemin St.-Louis, Suite 230 Quebec PQ G1S 1C1 418-650-4600 Fax 418-650-4636 www.inalco.com serviceclient@iaah.ca

59,059,000 6,622,000 65,681,000 33,680,000 20,939,000 24,589,000 79,208,000 786,000 13,040,000 40,442,000 47,135,000 333,000 —————246,625,000 251,828,000 264,457,000 270,890,000 271,795,000

Reinsurance Assumed ...................3,167,000 Reinsurance Ceded .....................46,905,000 Net Premiums Written ................250,350,000 Net Premiums Earned................246,625,000 Net Claims & Adj Exp.................147,033,000 Commissions................................51,116,000 Taxes .............................................6,968,000 General Expenses........................32,679,000 Undrwtg. Profit/Loss.......................8,831,000 Investment Income.......................30,321,000

Net Premiums Written $

INDUSTRIELLE ALLIANCE COMPAGNIE B-C D'ASSURANCES GENERALES D-C

Jules R Quenneville, Executive Chairman & CEO Robert A Dempsey, President & COO 4950 Yonge St., Suite 1400 Madison Centre North York ON M2N 6K1 416-223-9580 Fax 416-223-6577 www.gcna.com jquenneville@gcna.com

Prop. - Personal................. Prop. - Commercial............ Prop. - Total ....................... Auto. - Liability ................... Auto. - Pers. Acc................ Auto. - Other ...................... Auto. - Total ....................... Credit ................................. Fidelity ............................... Liability............................... Surety ................................ Accident & Sickness ..........

Class

5250 Boul Decarie, Suite 100 Montreal PQ H3X 2H9 514-284-9350 Fax 514-289-9257 www.jevco.ca Prop. - Personal................. Prop. - Commercial............ Prop. - Total ....................... Auto. - Liability ................... Auto. - Pers. Acc................ Auto. - Other ...................... Auto. - Total ....................... Liability............................... Surety ................................ Total 2008.......................... Total 2007.......................... Total 2006.......................... Total 2005.......................... Total 2004..........................

4,834,000 20,613,000 25,447,000 63,423,000 34,467,000 63,559,000 161,449,000 4,789,000 12,294,000 —————203,979,000 205,771,000 205,892,000 219,879,000 173,264,000

7,345,000 19,904,000 27,249,000 62,041,000 36,471,000 60,922,000 159,434,000 6,402,000 10,835,000 —————203,920,000 196,155,000 202,747,000 209,205,000 183,057,000

2008 Direct Premiums Written: +$155,526,000

5,791,000 13,849,000 19,640,000 49,472,000 36,110,000 32,780,000 118,362,000 4,165,000 1,719,000 —————143,886,000 111,541,000 122,228,000 151,388,000 122,645,000

78.84 69.58 72.08 79.74 99.01 53.81 74.24 65.06 15.87 ———70.56 56.86 60.29 72.36 67.00

Growth: +63.37%

2008 Underwriting Performance Summary % Growth Rate (NPW)................................— % of Market (NPW).................................— Earned Loss Ratio ..................................— Total Expense Ratio ...............................— Combined Loss & Exp. Ratio..................— Return on Equity..................................0.72

–$88,000 –$84,000

2006:

–$504,000

Reinsurance Assumed ...............116,862,000 Reinsurance Ceded .....................68,409,000 Net Premiums Written ................203,979,000 Net Premiums Earned................203,920,000 Net Claims & Adj Exp.................143,886,000 Commissions................................41,708,000 Taxes .............................................4,118,000 General Expenses........................19,369,000 Undrwtg. Profit/Loss.....................–5,161,000 Investment Income.......................–7,934,000

Underwriting Result 2008: –$5,161,000 2005: –$6,890,000

2007: 2004:

% Growth Rate (NPW) ..........................–0.87 % of Market (NPW) .............................0.58 Earned Loss Ratio.............................70.56 Total Expense Ratio ..........................31.97 Combined Loss & Exp. Ratio ..........102.53 Return on Equity................................–6.41

+$15,789,000 +$1,602,000

2006:

+$13,310,000

canadianunderwriter.ca CANADIAN UNDERWRITER STATISTICAL ISSUE 2009


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CANADA’S LEADING SPECIALTY INSURER

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gcna.com


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Net Premiums Written $

Net Premiums Earned $

Net Claims and Adjusting Expenses $

Earned Loss Ratio %

B-US B-F INTACT FINANCIAL CORPORATION INTACT INSURANCE NOVEX NORDIC BELAIRdirect TRAFALGAR Charles Brindamour, President & C.E.O. 700 University Ave., 15th Floor Toronto ON M5G 0A1 416-341-1464 Fax 416-941-5320 www.ingcanada.com Prop. - Personal................. 911,029,000 Prop. - Commercial............ 443,934,000 Prop. - Total ....................... 1,354,963,000 Auto. - Liability ................... 1,116,549,000 Auto. - Pers. Acc................ 391,063,000 Auto. - Other ...................... 884,885,000 Auto. - Total ....................... 2,392,497,000 Boiler & Machinery ............ –4,000 Credit ................................. 1,000 Fidelity ............................... 10,000 Legal Expense ................... 14,100,000 Liability............................... 282,611,000 Surety ................................ 17,309,000 Marine................................ 790,000 Accident & Sickness .......... 9,862,000 —————Total 2008.......................... 4,072,139,000 Total 2007.......................... 4,002,449,000 Total 2006.......................... 3,895,493,000 Total 2005.......................... 3,754,937,000 Total 2004.......................... 3,608,990,000

884,318,000 447,241,000 1,331,559,000 1,104,064,000 387,870,000 894,485,000 2,386,419,000 223,000 1,000 11,000 8,881,000 285,216,000 16,614,000 813,000 9,699,000 —————4,039,436,000 3,932,015,000 3,826,614,000 3,840,176,000 3,364,563,000

716,072,000 283,410,000 999,482,000 758,317,000 309,232,000 630,601,000 1,698,150,000 287,000 — — 2,489,000 95,632,000 1,832,000 526,000 7,891,000 —————2,806,289,000 2,584,248,000 2,261,169,000 2,161,755,000 1,905,545,000

2008 Direct Premiums Written: +$4,170,494,000 2008 Underwriting Performance Summary Reinsurance Assumed ...............................— Reinsurance Ceded .....................98,355,000 Net Premiums Written .............4,072,139,000 Net Premiums Earned.............4,039,436,000 Net Claims & Adj Exp..............2,806,289,000 Commissions..............................636,153,000 Taxes .........................................140,430,000 General Expenses......................389,590,000 Undrwtg. Profit/Loss.....................66,974,000 Investment Income.......................16,975,000

Underwriting Result 2008: +$66,974,000 2005: +$537,712,000

Growth: +1.72%

% Growth Rate (NPW) ............................1.74 % of Market (NPW) ...........................11.53 Earned Loss Ratio.............................69.47 Total Expense Ratio ..........................28.87 Combined Loss & Exp. Ratio ............98.34 Return on Equity..................................4.48

2007: +$208,854,000 2004: +$470,030,000

2006: +$403,834,000

THE KINGS MUTUAL INSURANCE COMPANY Daniel R. Lister, CA, President & General Manager P.O. Box 10 Berwick NS B0P 1E0 902-538-3187 Fax 902-538-7271 www.kingsmutual.ns.ca dlister@kingsmutual.ns.ca Prop. - Personal................. 4,897,000 4,773,000 Prop. - Commercial............ 136,000 138,000 Prop. - Total ....................... 5,033,000 4,911,000 Liability............................... 490,000 494,000 ——————————Total 2008.......................... 5,523,000 5,405,000 Total 2007.......................... 5,289,000 5,161,000 Total 2006.......................... 5,062,000 4,947,000 Total 2005.......................... 4,852,000 4,702,000 Total 2004.......................... 4,546,000 4,424,000

B-C

Underwriting Result 2008: –$1,822,000 2005: –$1,432,000 96

2007: 2004:

342,000 13,696,000 14,038,000 40,943,000 20,699,000 27,377,000 89,019,000 4,202,000 — 1,824,000 —————109,083,000 120,769,000 135,927,000 169,090,000 174,703,000

2008 Direct Premiums Written: +$317,725,000 2008 Underwriting Performance Summary Reinsurance Assumed ...............................— Reinsurance Ceded ...................215,533,000 Net Premiums Written ................102,192,000 Net Premiums Earned................109,083,000 Net Claims & Adj Exp.................103,196,000 Commissions..................................9,493,000 Taxes ...........................................10,575,000 General Expenses........................51,393,000 Undrwtg. Profit/Loss...................–41,874,000 Investment Income.....................–10,260,000

Underwriting Result 2008: –$41,874,000 2005: +$22,413,000

2007: 2004:

132,000 7,392,000 7,524,000 58,146,000 26,136,000 4,221,000 88,503,000 7,236,000 –67,000 — —————103,196,000 96,485,000 114,144,000 142,287,000 155,177,000

% Growth Rate (NPW) ........................–18.93 % of Market (NPW) .............................0.29 Earned Loss Ratio.............................94.60 Total Expense Ratio ..........................65.51 Combined Loss & Exp. Ratio ..........160.11 Return on Equity..............................–30.79

–$2,093,000 +$14,612,000

2006:

3,330,000 13,000 3,343,000 105,000 —————3,448,000 2,614,000 1,841,000 1,965,000 1,898,000

69.77 9.42 68.07 21.26 ———63.79 50.65 37.21 41.79 42.90

Growth: +4.74%

+$4,395,000

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 Prop. - Personal................. 803,000 803,000 Prop. - Total ....................... 803,000 803,000 Accident & Sickness .......... 20,433,000 22,391,000 Credit Protection ................ 14,291,000 14,291,000 ——————————Total 2008.......................... 35,527,000 37,485,000 Total 2007.......................... 37,380,000 37,574,000 Total 2006.......................... 34,262,000 34,511,000 Total 2005.......................... 32,124,000 34,017,000 Total 2004.......................... 26,218,000 27,525,000

Reinsurance Assumed ...................6,317,000 Reinsurance Ceded .....................19,704,000 Net Premiums Written ..................35,527,000 Net Premiums Earned..................37,485,000 Net Claims & Adj Exp.....................4,160,000 Commissions..................................4,203,000 Taxes ................................................823,000 General Expenses........................17,952,000 Undrwtg. Profit/Loss.....................10,347,000 Investment Income.........................1,306,000

Underwriting Result 2008: +$10,347,000 2005: +$3,370,000

2007: 2004:

38.60 53.97 53.60 142.02 126.27 15.42 99.42 172.20 — — ———94.60 79.89 83.97 84.15 88.82

Growth: –19.10%

D-C

–29,000 –29,000 3,561,000 628,000 —————4,160,000 5,947,000 1,541,000 5,280,000 4,146,000

2008 Direct Premiums Written: +$48,896,000 2008 Underwriting Performance Summary

2008 Direct Premiums Written: +$6,314,000 2008 Underwriting Performance Summary Reinsurance Assumed ........................32,000 Reinsurance Ceded ..........................823,000 Net Premiums Written ....................5,523,000 Net Premiums Earned....................5,405,000 Net Claims & Adj Exp.....................3,448,000 Commissions..................................1,281,000 Taxes ................................................127,000 General Expenses..........................2,395,000 Undrwtg. Profit/Loss.....................–1,822,000 Investment Income.........................1,222,000

80.97 63.37 75.06 68.68 79.73 70.50 71.16 128.70 — — 28.03 33.53 11.03 64.70 81.36 ———69.47 65.72 59.09 56.29 56.64

Serge Lavoie, President & CEO 7120 Hurontario St., Suite 700 Mississauga ON L5W 0B1 905-677-8889 Fax 905-677-5008 www.kingsway-general.com Prop. - Personal................. 366,000 Prop. - Commercial............ 11,248,000 Prop. - Total ....................... 11,614,000 Auto. - Liability ................... 38,792,000 Auto. - Pers. Acc................ 20,673,000 Auto. - Other ...................... 26,489,000 Auto. - Total ....................... 85,954,000 Liability............................... 2,609,000 Mortgage ........................... — Surety ................................ 2,015,000 —————Total 2008.......................... 102,192,000 Total 2007.......................... 126,053,000 Total 2006.......................... 140,940,000 Total 2005.......................... 162,827,000 Total 2004.......................... 170,797,000

–3.61 –3.61 15.90 4.39 ———11.10 15.83 4.47 15.52 15.06

Growth: –4.55%

% Growth Rate (NPW) ..........................–4.96 % of Market (NPW) .............................0.10 Earned Loss Ratio.............................11.10 Total Expense Ratio ..........................61.30 Combined Loss & Exp. Ratio ............72.40 Return on Equity................................23.64

+$9,553,000 +$4,163,000

2006:

+$10,344,000

% Growth Rate (NPW) ............................4.42 % of Market (NPW) .............................0.02 Earned Loss Ratio.............................63.79 Total Expense Ratio ..........................70.36 Combined Loss & Exp. Ratio ..........134.15 Return on Equity................................–1.15

–$1,854,000 –$1,262,000

2006:

–$1,209,000 canadianunderwriter.ca CANADIAN UNDERWRITER STATISTICAL ISSUE 2009


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Page 97

The wonderful thing about common ground is what you can build on it.

As a broker you’re successful because your first priority is your only priority; satisfying your customers. We get that. We admire that. It’s one of the important things we have in common. And why we’re so excited about our future together.

Like you we believe insurance isn’t about things, insurance is about people. It’s a clarifying belief. The kind that’s generating new thinking around here. We want to help build your business by building on our common ground; our proud Canadian roots and our shared focus on putting the customer first. It’s the right thing to do. And it’s the right course for an exciting and successful future together. And we really do mean together. Because when you succeed we succeed.

HOME CAR BUSINESS

The BIP logo is a registered trademark of the Insurance Brokers Association of Canada (IBAC). All other trade-marks are property of Intact Financial Corporation used under license. © 2009, Intact Insurance Company.


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Class

5/15/09

Net Premiums Written $

10:17 AM

Net Premiums Earned $

Page 98

Net Claims and Adjusting Expenses $

Earned Loss Ratio %

LIBERTY MUTUAL INSURANCE COMPANY

Total 2008.......................... Total 2007.......................... Total 2006.......................... Total 2005.......................... Total 2004..........................

20,138,000 20,138,000 2,939,000 9,880,000 806,000 4,279,000 14,965,000 4,055,000 58,940,000 — 3,101,000 —————104,138,000 87,357,000 71,812,000 68,813,000 157,127,000

17,013,000 17,013,000 2,968,000 8,515,000 818,000 4,080,000 13,413,000 3,102,000 47,311,000 — 2,203,000 —————86,010,000 84,074,000 79,707,000 66,178,000 305,738,000

11,140,000 11,140,000 1,250,000 5,483,000 758,000 3,518,000 9,759,000 740,000 29,986,000 –3,000 1,997,000 —————54,869,000 61,805,000 60,129,000 55,200,000 124,315,000

65.48 65.48 42.12 64.39 92.67 86.23 72.76 23.86 63.38 — 90.65 ———63.79 73.51 75.44 83.41 40.66

Growth: –8.69%

2008 Underwriting Performance Summary % Growth Rate (NPW) ..........................19.21 % of Market (NPW) .............................0.29 Earned Loss Ratio.............................63.79 Total Expense Ratio ..........................32.50 Combined Loss & Exp. Ratio ............96.29 Return on Equity..................................2.74

Reinsurance Assumed ...................5,931,000 Reinsurance Ceded .....................67,536,000 Net Premiums Written ................104,138,000 Net Premiums Earned..................86,010,000 Net Claims & Adj Exp...................54,869,000 Commissions..................................1,333,000 Taxes .............................................4,533,000 General Expenses........................22,087,000 Undrwtg. Profit/Loss.......................3,198,000 Investment Income.......................32,627,000

2007: 2004:

–$2,541,000 +$2,702,000

2006:

+$4,701,000

— — — 1,000 1,000 –24,000 —————–23,000 –145,000 –133,000 –511,000

— — — 1,000 1,000 –24,000 —————–23,000 –145,000 26,000 –553,000

2008 Direct Premiums Written: –$64,000

B-US

–95,000 –95,000 –38,000 –16,000 –16,000 –460,000 —————–609,000 201,000 6,159,000 –3,274,000

— — — –1,600.00 –1,600.00 1,916.67 ———2,647.83 –138.62 23,688.46 592.04

Growth: –3,300.00%

2008 Underwriting Performance Summary Reinsurance Assumed ...............................— Reinsurance Ceded ..........................–41,000 Net Premiums Written .......................–23,000 Net Premiums Earned.......................–23,000 Net Claims & Adj Exp......................–609,000 Commissions.....................................–13,000 Taxes..........................................................— General Expenses.............................253,000 Undrwtg. Profit/Loss..........................346,000 Investment Income............................707,000

Underwriting Result 2008: +$346,000 2005: +$1,744,000 98

Earned Loss Ratio %

2007:

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 property and casualty insurance in all provinces and territories. The data is derived from the P&C 2 return filed with OSFI. It is prepared on the basis of accounting principles specified by the Superintendent of Financial Institutions not Canadian GAAP. For this reason, the data in respect of Lloyd's is not directly comparable with the data of other insurers. Deborah Moor, President Lloyd's Canada Sean Murphy, Attorney In Fact In Canada 1155 Rue Metcalfe, Suite 2220 Montreal PQ H3B 2V6 514-861-8361 Fax 514-861-0470 www.lloyds.com; info@lloyds.ca Prop. - Personal................. 83,485,000 83,485,000 47,095,000 56.41 Prop. - Commercial............ 641,061,000 641,061,000 249,445,000 38.91 Prop. - Total ....................... 724,546,000 724,546,000 296,540,000 40.93 Aircraft ............................... 101,199,000 101,199,000 69,347,000 68.53 Auto. - Liability ................... 3,554,000 3,554,000 4,096,000 115.25 Auto. - Pers. Acc................ 55,000 55,000 3,487,000 6,340.00 Auto. - Other ...................... 11,798,000 11,798,000 5,557,000 47.10 Auto. - Total ....................... 15,407,000 15,407,000 13,140,000 85.29 Boiler & Machinery ............ 10,074,000 10,074,000 –628,000 –6.23 Credit ................................. 572,000 572,000 13,000 2.27 Fidelity ............................... 12,773,000 12,773,000 2,008,000 15.72 Legal Expense ................... 656,000 656,000 346,000 52.74 Liability............................... 648,634,000 648,634,000 412,511,000 63.60 Surety ................................ 488,000 488,000 42,000 8.61 Marine................................ 59,324,000 59,324,000 17,709,000 29.85 Accident & Sickness .......... 56,956,000 56,956,000 13,918,000 24.44 ——————————————————Total 2008.......................... 1,630,629,000 1,630,629,000 824,946,000 50.59 Total 2007.......................... 1,484,736,000 1,484,736,000 567,083,000 38.19 Total 2006.......................... 1,431,632,000 1,431,632,000 155,565,000 10.87 Total 2005.......................... 1,311,110,000 1,311,110,000 1,111,874,000 84.80 Total 2004.......................... 1,238,559,000 1,238,559,000 622,548,000 50.26

% Growth Rate (NPW) ........................–84.14 % of Market (NPW) ...........................–0.00 Earned Loss Ratio........................2,647.83 Total Expense Ratio ...................–1,043.48 Combined Loss & Exp. Ratio .......1,604.35 Return on Equity................................12.79

–$608,000

Reinsurance Assumed ...............208,492,000 Reinsurance Ceded....................................— Net Premiums Written .............1,630,629,000 Net Premiums Earned.............1,630,629,000 Net Claims & Adj Exp.................824,946,000 Commissions..............................389,542,000 Taxes ...........................................40,460,000 General Expenses..........................5,877,000 Undrwtg. Profit/Loss...................369,804,000 Investment Income.....................185,924,000

Underwriting Result 2008: +$369,804,000 2005: –$137,932,000

Philip H. Cook, Chief Agent 36 King St. E., Suite 500 Toronto ON M5C 1E5 416-361-1728 Fax 416-361-6113

Total 2008.......................... Total 2007.......................... Total 2006.......................... Total 2005..........................

Net Claims and Adjusting Expenses $

2008 Direct Premiums Written: +$1,422,137,000 2008 Underwriting Performance Summary

LUMBERMENS MUTUAL CASUALTY COMPANY

Prop. - Commercial............ Prop. - Total ....................... Aircraft ............................... Auto. - Liability ................... Auto. - Total ....................... Liability...............................

Net Premiums Earned $

B-UK

2008 Direct Premiums Written: +$165,743,000

Underwriting Result 2008: +$3,198,000 2005: –$1,086,000

Net Premiums Written $

D-US

Michael Molony, Chief Agent 181 Bay St., Suite 1000 Brookfield Place Toronto ON M5J 2T3 416-365-7587 Fax 416-307-4372 www.LIBERTYMUTUAL.com

Prop. - Commercial............ Prop. - Total ....................... Aircraft ............................... Auto. - Liability ................... Auto. - Pers. Acc................ Auto. - Other ...................... Auto. - Total ....................... Fidelity ............................... Liability............................... Surety ................................ Marine................................

Class

2006:

–$6,652,000

Growth: +10.08%

% Growth Rate (NPW) ............................9.83 % of Market (NPW) .............................4.62 Earned Loss Ratio.............................50.59 Total Expense Ratio ..........................26.73 Combined Loss & Exp. Ratio ............77.32 Return on Equity................................44.44

2007: +$569,401,000 2004: +$321,881,000

2006: +$921,570,000

LUMBERMEN'S UNDERWRITING ALLIANCE

D-US

300, 455 Fenelon Dorval QC H9S 5T8 514-531-2710 Fax 514-631-9788 www.lumbermensunderwriting.com cro@ins-lua.com

Prop. - Commercial............ Prop. - Total ....................... Total 2008.......................... Total 2007.......................... Total 2006.......................... Total 2005.......................... Total 2004..........................

34,232,000 34,232,000 —————34,232,000 43,235,000 34,123,000 44,827,000 56,868,000

30,397,000 30,397,000 —————30,397,000 35,883,000 42,335,000 46,143,000 50,539,000

2008 Direct Premiums Written: +$51,464,000 2008 Underwriting Performance Summary Reinsurance Assumed ...............................— Reinsurance Ceded .....................17,232,000 Net Premiums Written ..................34,232,000 Net Premiums Earned..................30,397,000 Net Claims & Adj Exp...................15,902,000 Commissions...................................–615,000 Taxes .............................................1,817,000 General Expenses........................14,577,000 Undrwtg. Profit/Loss.....................–1,518,000 Investment Income.........................2,080,000

Underwriting Result 2008: –$1,518,000 2005: +$23,936,000

2007: 2004:

15,902,000 15,902,000 —————15,902,000 29,628,000 28,417,000 3,683,000 7,767,000

52.31 52.31 ———52.31 82.57 67.12 7.98 15.37

Growth: –18.31%

% Growth Rate (NPW) ........................–20.82 % of Market (NPW) .............................0.10 Earned Loss Ratio.............................52.31 Total Expense Ratio ..........................51.91 Combined Loss & Exp. Ratio ..........104.22 Return on Equity..................................1.16

–$11,267,000 +$24,507,000

2006:

–$5,978,000

canadianunderwriter.ca CANADIAN UNDERWRITER STATISTICAL ISSUE 2009


p 74-99 UNDERWRITER-1.chp L

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10:55 AM

Page 99

Understands the magnitude of the project. – Mike Weiss, Senior Vice-President, Toronto office, LIU Canada

Yes, there’s a multi-line insurer as responsible as you are. Government infrastructure spending over the next two years will generate numerous opportunities for the construction and project development sectors. When your client takes on a large project, protection and peace of mind are vital. Liberty International Underwriters (LIU) delivers both. LIU’s multi-line coverage includes CAR/EAR, Project Cargo, Primary and Excess Wrap-up Liability, Environmental Impairment Liability, Surety, Executive Risk, Project Errors & Omissions and Commercial Automobile. Count on LIU – we have the people, the products and the capacity to handle your needs. To obtain more information, contact Mike Weiss at 416.307.5189 or visit www.liucanada.com

Responsibility. What’s your policy?™

C A SUALT Y • ALTERNATIVE RISK MGMT • WORKERS’ COMP • PROPERT Y • ENERGY • DIRECTORS & OFFICERS • MARINE • RISK SERVICES

Liberty International Underwriters, a division of Liberty Mutual Insurance Company


p 100-119 UNDERWRITER-2.chp

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Net Premiums Written $

10:19 AM

Net Premiums Earned $

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Net Claims and Adjusting Expenses $

Earned Loss Ratio %

Class

Net Premiums Written $

Net Premiums Earned $

Net Claims and Adjusting Expenses $

Earned Loss Ratio %

B-C D-C Charlie (C.C.) Macaluso, CEO 3700 Steeles Ave. W., Suite 1100 Vaughan ON L4L 8K8 905-265-5300 Fax 905-265-5301 www.mearie.ca cmacaluso@mearie.ca Prop. - Commercial............ Prop. - Total ....................... Auto. - Liability ................... Auto. - Pers. Acc................ Auto. - Other ...................... Auto. - Total ....................... Liability............................... Total 2008.......................... Total 2007.......................... Total 2006.......................... Total 2005.......................... Total 2004..........................

186,000 186,000 118,000 58,000 127,000 303,000 6,458,000 —————6,947,000 6,615,000 5,756,000 6,466,000 5,954,000

186,000 186,000 118,000 58,000 127,000 303,000 6,458,000 —————6,947,000 6,615,000 5,756,000 6,466,000 5,954,000

18,000 18,000 6,000 — 5,000 11,000 1,690,000 —————1,719,000 2,195,000 2,353,000 1,079,000 2,484,000

2008 Direct Premiums Written: +$9,619,000

9.68 9.68 5.08 — 3.94 3.63 26.17 ———24.74 33.18 40.88 16.69 41.72

Growth: +6.97%

2008 Underwriting Performance Summary % Growth Rate (NPW) ............................5.02 % of Market (NPW) .............................0.02 Earned Loss Ratio.............................24.74 Total Expense Ratio ..........................31.54 Combined Loss & Exp. Ratio ............56.28 Return on Equity................................15.60

Reinsurance Assumed ...............................— Reinsurance Ceded .......................2,672,000 Net Premiums Written ....................6,947,000 Net Premiums Earned....................6,947,000 Net Claims & Adj Exp.....................1,719,000 Commissions ..............................................— Taxes ................................................296,000 General Expenses..........................1,895,000 Undrwtg. Profit/Loss.......................3,115,000 Investment Income.........................1,730,000

Underwriting Result 2008: +$3,115,000 2005: +$3,871,000

2007: 2004:

+$2,332,000 +$1,860,000

2006:

+$1,450,000

LOMBARD CANADA GROUP MARKEL INSURANCE COMPANY OF CANADA COMMONWEALTH INSURANCE COMPANY FEDERATED INSURANCE COMPANY OF CANADA Northbridge group financial data in this publication reflects an aggregation of subsidiary financial data prepared on a statutory reporting basis, which may differ from the basis reflected in Northbridge's audited consolidated financial statements. Mark Ram, President & C.E.O. 105 Adelaide St W Suite 700 Toronto ON M5H 1P9 416-350-4300 Fax 416-350-4307 www.norfin.com Prop. - Personal................. 48,190,000 46,337,000 31,538,000 68.06 Prop. - Commercial............ 259,623,000 235,247,000 162,612,000 69.12 Prop. - Total ....................... 307,813,000 281,584,000 194,150,000 68.95 Auto. - Liability ................... 266,745,000 277,693,000 227,317,000 81.86 Auto. - Pers. Acc................ 74,556,000 73,463,000 79,747,000 108.55 Auto. - Other ...................... 169,532,000 175,007,000 121,261,000 69.29 Auto. - Total ....................... 510,833,000 526,163,000 428,325,000 81.41 Boiler & Machinery ............ 3,416,000 3,545,000 3,000 0.08 Fidelity ............................... 2,978,000 2,990,000 1,648,000 55.12 Hail .................................... 4,000 4,000 — — Liability............................... 231,134,000 235,012,000 221,058,000 94.06 Surety ................................ 3,015,000 6,665,000 –471,000 –7.07 Marine................................ 25,793,000 22,024,000 16,006,000 72.68 ——————————————————Total 2008.......................... 1,084,986,000 1,077,987,000 860,719,000 79.85 Total 2007.......................... 1,047,814,000 1,055,824,000 686,072,000 64.98 Total 2006.......................... 1,077,579,000 1,077,622,000 642,947,000 59.66 Total 2005.......................... 1,101,099,000 1,078,719,000 653,562,000 60.59 Total 2004.......................... 1,100,799,000 1,073,373,000 645,654,000 60.15

2008 Direct Premiums Written: +$1,393,765,000

B-C

Earl W. Harder, General Manager Box 190 Waldheim SK S0K 4R0 306-945-2239 Fax 306-945-4666 www.mmfi.com harderew@mmfi.com Prop. - Personal................. Prop. - Total ....................... Auto. - Other ...................... Auto. - Total ....................... Liability............................... Total 2008.......................... Total 2007.......................... Total 2006.......................... Total 2005.......................... Total 2004..........................

4,949,000 4,949,000 150,000 150,000 389,000 —————5,488,000 4,922,000 4,734,000 4,577,000 4,618,000

4,709,000 4,709,000 144,000 144,000 348,000 —————5,201,000 4,728,000 4,719,000 4,388,000 4,336,000

2,810,000 2,810,000 108,000 108,000 120,000 —————3,038,000 2,940,000 2,795,000 2,843,000 1,998,000

2008 Direct Premiums Written: +$11,713,000

59.67 59.67 75.00 75.00 34.48 ———58.41 62.18 59.23 64.79 46.08

Growth: +9.31%

2008 Underwriting Performance Summary Reinsurance Assumed ..................................‚ Reinsurance Ceded .......................6,225,000 Net Premiums Written ....................5,488,000 Net Premiums Earned....................5,201,000 Net Claims & Adj Exp.....................3,038,000 Commissions.....................................193,000 Taxes ................................................123,000 General Expenses..........................1,553,000 Undrwtg. Profit/Loss..........................365,000 Investment Income............................230,000

Underwriting Result 2008: +$365,000 2005: –$845,000 100

2007: 2004:

% Growth Rate (NPW) ..........................11.50 % of Market (NPW) .............................0.02 Earned Loss Ratio.............................58.41 Total Expense Ratio ..........................35.94 Combined Loss & Exp. Ratio ............94.35 Return on Equity................................18.00

–$437,000 +$810,000

2006:

–$290,000

% Growth Rate (NPW) ............................3.55 % of Market (NPW) .............................3.07 Earned Loss Ratio.............................79.85 Total Expense Ratio ..........................29.37 Combined Loss & Exp. Ratio ..........109.22 Return on Equity..................................2.73

Reinsurance Assumed ......................104,000 Reinsurance Ceded ...................308,883,000 Net Premiums Written .............1,084,986,000 Net Premiums Earned.............1,077,987,000 Net Claims & Adj Exp.................860,719,000 Commissions..............................125,263,000 Taxes ...........................................46,048,000 General Expenses......................145,242,000 Undrwtg. Profit/Loss...................–81,933,000 Investment Income.....................153,478,000

Underwriting Result 2008: –$81,933,000

MENNONITE MUTUAL FIRE INSURANCE COMPANY

Growth: –5.19%

2008 Underwriting Performance Summary

2007:

+$66,048,000

2006: +$136,865,000

COMMONWEALTH INSURANCE COMPANY

B-C

Tim Ius, President 595 Burrard St Suite 1500, Bentall III Vancouver BC V7X 1G4 604-683-5511 Fax 604-683-8968 www.commonw.com Prop. - Commercial............ Prop. - Total ....................... Liability............................... Marine................................ Total 2008.......................... Total 2007.......................... Total 2006.......................... Total 2005.......................... Total 2004..........................

40,289,000 40,289,000 32,568,000 599,000 —————73,456,000 56,639,000 65,886,000 69,765,000 70,073,000

29,948,000 29,948,000 32,307,000 679,000 —————62,934,000 67,051,000 64,184,000 60,603,000 64,369,000

2008 Direct Premiums Written: +$106,531,000

18,204,000 18,204,000 54,907,000 2,450,000 —————75,561,000 40,560,000 18,043,000 15,801,000 29,566,000

60.79 60.79 169.95 360.82 ———120.06 60.49 28.11 26.07 45.93

Growth: –14.71%

2008 Underwriting Performance Summary Reinsurance Assumed ...................3,638,000 Reinsurance Ceded .....................85,679,000 Net Premiums Written ..................73,456,000 Net Premiums Earned..................62,934,000 Net Claims & Adj Exp...................75,561,000 Commissions................................–2,944,000 Taxes .............................................4,624,000 General Expenses..........................7,037,000 Undrwtg. Profit/Loss...................–21,344,000 Investment Income.....................–20,579,000

Underwriting Result 2008: –$21,344,000 2005: +$39,398,000

2007: 2004:

% Growth Rate (NPW)................................— % of Market (NPW).................................— Earned Loss Ratio...........................120.06 Total Expense Ratio ..........................13.85 Combined Loss & Exp. Ratio ..........133.91 Return on Equity..............................–13.76

+$13,029,000 +$31,391,000

2006:

+$35,998,000

Northbridge group continues on page 102

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Partner with Canada’s largest commercial insurance group As Canada’s largest writer of commercial insurance, the Northbridge group delivers the specialized expertise and innovative solutions you need to attract and retain commercial business. From small, local businesses to large, complex industrial risks and everything in between, we provide the customized service that is critical to success. And as a Canadian-owned and operated company, you can be confident that we’ll be around for the long term. Whatever your needs, we can deliver.

www.norfin.com


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LOMBARD CANADA GROUP

B-C

LOMBARD INSURANCE COMPANY LOMBARD GENERAL INSURANCE COMPANY OF CANADA ZENITH INSURANCE COMPANY Richard N. Patina, President 105 Adelaide St. W. Toronto ON M5H 1P9 416-350-4400 Fax 416-350-4412 www.lombard.ca Prop. - Personal................. Prop. - Commercial............ Prop. - Total ....................... Auto. - Liability ................... Auto. - Pers. Acc................ Auto. - Other ...................... Auto. - Total ....................... Boiler & Machinery ............ Fidelity ............................... Hail .................................... Liability............................... Surety ................................ Marine................................ Total 2008.......................... Total 2007.......................... Total 2006.......................... Total 2005.......................... Total 2004..........................

44,548,000 170,829,000 215,377,000 152,397,000 64,505,000 96,138,000 313,040,000 3,087,000 2,805,000 4,000 169,517,000 2,856,000 25,198,000 —————731,884,000 708,476,000 699,685,000 691,622,000 715,254,000

42,770,000 155,307,000 198,077,000 152,846,000 63,722,000 95,402,000 311,970,000 3,238,000 2,819,000 4,000 174,297,000 6,513,000 21,347,000 —————718,265,000 695,277,000 689,900,000 688,105,000 705,524,000

D-C John Paisley, President 717 Portage Ave., P.O. Box 5800 Winnipeg MB R3C 3C9 204-786-6431 Fax 204-784-6755 www.federated.ca 29,523,000 104,230,000 133,753,000 142,728,000 58,836,000 57,002,000 258,566,000 –80,000 1,831,000 — 142,070,000 –513,000 13,556,000 —————549,183,000 450,673,000 418,599,000 426,968,000 416,927,000

2008 Direct Premiums Written: +$984,915,000

69.03 67.11 67.53 93.38 92.33 59.75 82.88 –2.47 64.95 — 81.51 –7.88 63.50 ———76.46 64.82 60.68 62.05 59.09

Growth: –1.14%

2008 Underwriting Performance Summary % Growth Rate (NPW)................................— % of Market (NPW).................................— Earned Loss Ratio.............................76.46 Total Expense Ratio ..........................30.22 Combined Loss & Exp. Ratio ..........106.68 Return on Equity..................................8.57

Reinsurance Assumed ........................64,000 Reinsurance Ceded ...................253,095,000 Net Premiums Written ................731,884,000 Net Premiums Earned................718,265,000 Net Claims & Adj Exp.................549,183,000 Commissions..............................104,273,000 Taxes ...........................................31,315,000 General Expenses........................81,445,000 Undrwtg. Profit/Loss...................–39,983,000 Investment Income.....................117,741,000

Underwriting Result 2008: –$39,983,000 2005: +$70,647,000

2007: 2004:

+$39,756,000 +$79,780,000

2006:

+$65,806,000

B-C

Silvy Wright, President 55 University Ave. Suite 1500 Toronto ON M5J 2H7 416-364-7800 Fax 416-364-1625 www.markel.ca

Total 2008.......................... Total 2007.......................... Total 2006.......................... Total 2005.......................... Total 2004..........................

— 15,586,000 15,586,000 94,083,000 6,157,000 53,039,000 153,279,000 2,223,000 —————171,088,000 179,696,000 208,555,000 240,445,000 233,009,000

— 16,850,000 16,850,000 104,089,000 5,754,000 59,208,000 169,051,000 2,350,000 —————188,251,000 189,667,000 218,421,000 244,078,000 225,170,000

2008 Direct Premiums Written: +$179,073,000

–2,000 22,480,000 22,478,000 74,944,000 11,973,000 50,833,000 137,750,000 244,000 —————160,472,000 128,997,000 147,927,000 160,368,000 148,025,000

— 133.41 133.40 72.00 208.08 85.85 81.48 10.38 ———85.24 68.01 67.73 65.70 65.74

Growth: –17.98%

Underwriting Result 2008: –$24,025,000 2005: +$28,668,000 102

2007: 2004:

3,567,000 33,421,000 36,988,000 22,819,000 4,023,000 20,728,000 47,570,000 307,000 171,000 31,515,000 152,000 —————116,703,000 103,829,000 105,117,000 85,933,000 78,310,000

2,017,000 17,511,000 19,528,000 12,317,000 8,803,000 13,535,000 34,655,000 83,000 –241,000 20,816,000 42,000 —————74,883,000 65,842,000 58,378,000 50,425,000 51,136,000

2008 Direct Premiums Written: +$129,155,000

56.55 52.40 52.80 53.98 218.82 65.30 72.85 27.04 –140.94 66.05 27.63 ———64.17 63.41 55.54 58.68 65.30

Growth: –1.03%

2008 Underwriting Performance Summary % Growth Rate (NPW)................................— % of Market (NPW).................................— Earned Loss Ratio.............................64.17 Total Expense Ratio ..........................33.42 Combined Loss & Exp. Ratio ............97.59 Return on Equity................................19.69

Reinsurance Assumed ...............................— Reinsurance Ceded .....................13,038,000 Net Premiums Written ................116,117,000 Net Premiums Earned................116,703,000 Net Claims & Adj Exp...................74,883,000 Commissions..................................7,657,000 Taxes .............................................4,298,000 General Expenses........................27,044,000 Undrwtg. Profit/Loss.......................3,419,000 Investment Income.........................1,128,000

Underwriting Result 2008: +$3,419,000 2005: +$8,612,000

2007: 2004:

+$4,079,000 +$5,980,000

2006:

+$16,356,000

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 Prop. - Personal................. Prop. - Commercial............ Prop. - Total ....................... Aircraft ............................... Auto. - Liability ................... Auto. - Pers. Acc................ Auto. - Other ...................... Auto. - Total ....................... Boiler & Machinery ............ Fidelity ............................... Liability............................... Marine................................ Total 2008.......................... Total 2007.......................... Total 2006.......................... Total 2005.......................... Total 2004..........................

154,000 7,799,000 7,953,000 7,649,000 4,127,000 54,000 51,000 4,232,000 320,000 154,000 4,069,000 597,000 —————24,974,000 25,625,000 26,073,000 24,733,000 22,390,000

152,000 9,529,000 9,681,000 6,760,000 4,227,000 52,000 51,000 4,330,000 298,000 187,000 4,334,000 569,000 —————26,159,000 25,504,000 24,863,000 22,386,000 20,355,000

10,000 10,644,000 10,654,000 4,541,000 1,144,000 8,000 10,000 1,162,000 –9,000 –33,000 3,138,000 70,000 —————19,523,000 18,992,000 13,034,000 14,187,000 581,000

2008 Direct Premiums Written: +$26,355,000

6.58 111.70 110.05 67.17 27.06 15.38 19.61 26.84 –3.02 –17.65 72.40 12.30 ———74.63 74.47 52.42 63.37 2.85

Growth: –7.24%

2008 Underwriting Performance Summary

2008 Underwriting Performance Summary Reinsurance Assumed ...................2,982,000 Reinsurance Ceded .....................10,967,000 Net Premiums Written ................171,088,000 Net Premiums Earned................188,251,000 Net Claims & Adj Exp.................160,472,000 Commissions................................16,277,000 Taxes .............................................5,811,000 General Expenses........................29,716,000 Undrwtg. Profit/Loss...................–24,025,000 Investment Income.......................30,627,000

Total 2008.......................... Total 2007.......................... Total 2006.......................... Total 2005.......................... Total 2004..........................

3,642,000 33,188,000 36,830,000 22,382,000 3,941,000 20,736,000 47,059,000 329,000 173,000 31,567,000 159,000 —————116,117,000 103,003,000 103,453,000 99,267,000 82,463,000

MITSUI SUMITOMO INSURANCE COMPANY, LIMITED

MARKEL INSURANCE COMPANY OF CANADA

Prop. - Personal................. Prop. - Commercial............ Prop. - Total ....................... Auto. - Liability ................... Auto. - Pers. Acc................ Auto. - Other ...................... Auto. - Total ....................... Liability...............................

Prop. - Personal................. Prop. - Commercial............ Prop. - Total ....................... Auto. - Liability ................... Auto. - Pers. Acc................ Auto. - Other ...................... Auto. - Total ....................... Boiler & Machinery ............ Fidelity ............................... Liability............................... Surety ................................

% Growth Rate (NPW)................................— % of Market (NPW).................................— Earned Loss Ratio.............................85.24 Total Expense Ratio ..........................27.52 Combined Loss & Exp. Ratio ..........112.76 Return on Equity..................................0.85

+$9,184,000 +$22,166,000

2006:

+$19,205,000

Reinsurance Assumed ......................550,000 Reinsurance Ceded .......................1,931,000 Net Premiums Written ..................24,974,000 Net Premiums Earned..................26,159,000 Net Claims & Adj Exp...................19,523,000 Commissions..................................3,157,000 Taxes ................................................935,000 General Expenses..........................3,019,000 Undrwtg. Profit/Loss........................–475,000 Investment Income.........................3,238,000

Underwriting Result 2008: –$475,000 2005: +$1,449,000

2007: 2004:

% Growth Rate (NPW) ..........................–2.54 % of Market (NPW) .............................0.07 Earned Loss Ratio.............................74.63 Total Expense Ratio ..........................27.18 Combined Loss & Exp. Ratio ..........101.81 Return on Equity................................26.94

–$1,475,000 +$13,954,000

2006:

+$3,887,000

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MOTORS INSURANCE CORPORATIOND-US NATIONAL LIABILITY & FIRE C.W. Hastings, Director Canadian Operations INSURANCE COMPANY Chief Agent In Canada 8500 Leslie St., Suite 400 Thornhill ON L3T 7M8 905-882-3900 Fax 905-882-3955 Prop. - Personal................. Prop. - Total ....................... Auto. - Liability ................... Auto. - Pers. Acc................ Auto. - Other ...................... Auto. - Total ....................... Liability............................... Total 2008.......................... Total 2007.......................... Total 2006.......................... Total 2005.......................... Total 2004..........................

17,792,000 17,792,000 20,609,000 15,730,000 21,708,000 58,047,000 133,380,000 —————209,219,000 198,807,000 211,107,000 204,220,000 190,766,000

10,283,000 10,283,000 21,092,000 15,586,000 22,502,000 59,180,000 139,591,000 —————209,054,000 208,699,000 220,849,000 226,382,000 204,217,000

2,665,000 2,665,000 11,309,000 16,692,000 17,502,000 45,503,000 88,310,000 —————136,478,000 136,181,000 167,607,000 173,743,000 150,350,000

2008 Direct Premiums Written: +$208,537,000

25.92 25.92 53.62 107.10 77.78 76.89 63.26 ———65.28 65.25 75.89 76.75 73.62

Underwriting Result 2008: +$38,321,000 2005: +$25,594,000

2007: 2004:

% Growth Rate (NPW) ............................5.24 % of Market (NPW) .............................0.59 Earned Loss Ratio.............................65.28 Total Expense Ratio ..........................17.90 Combined Loss & Exp. Ratio ............83.18 Return on Equity..................................5.60

2006:

Total 2008.......................... Total 2007.......................... Total 2006.......................... Total 2005.......................... Total 2004..........................

11,674,000 11,674,000 1,330,000 —————13,004,000 10,313,000 7,843,000 7,113,000 6,315,000

B-C

4,977,000 4,977,000 508,000 —————5,485,000 5,222,000 3,311,000 2,438,000 1,934,000

2008 Direct Premiums Written: +$23,319,000

42.63 42.63 38.20 ———42.18 50.64 42.22 34.28 30.63

Growth: +24.04%

Underwriting Result 2008: +$2,882,000 2005: +$2,918,000

2007: 2004:

Growth: –8.22%

% Growth Rate (NPW) ............................3.76 % of Market (NPW) .............................0.12 Earned Loss Ratio.............................67.92 Total Expense Ratio ............................9.76 Combined Loss & Exp. Ratio ............77.68 Return on Equity................................11.71

Reinsurance Assumed .................21,936,000 Reinsurance Ceded .....................14,020,000 Net Premiums Written ..................42,813,000 Net Premiums Earned..................45,060,000 Net Claims & Adj Exp...................30,605,000 Commissions..................................2,615,000 Taxes ................................................547,000 General Expenses..........................1,237,000 Undrwtg. Profit/Loss.....................10,056,000 Investment Income.........................7,324,000

2007: 2004:

+$12,233,000 +$1,307,000

2006:

+$28,777,000

B-C

Carlos A Rodrigues, President & C.E.O. 100 Erb St. E. Waterloo ON N2J 1L9 519-886-4530 Fax 519-746-0222 www.nwfm.com Prop. - Personal................. Prop. - Commercial............ Prop. - Total ....................... Auto. - Liability ................... Auto. - Pers. Acc................ Auto. - Other ...................... Auto. - Total ....................... Hail .................................... Liability............................... Accident & Sickness .......... Total 2008.......................... Total 2007.......................... Total 2006.......................... Total 2005.......................... Total 2004..........................

18,744,000 8,398,000 27,142,000 6,610,000 5,346,000 7,095,000 19,051,000 92,000 3,092,000 5,000 —————49,382,000 43,189,000 32,418,000 28,844,000 28,077,000

18,203,000 8,705,000 26,908,000 4,074,000 4,308,000 7,834,000 16,216,000 92,000 3,040,000 5,000 —————46,261,000 38,993,000 30,581,000 28,170,000 26,337,000

2008 Direct Premiums Written: +$58,263,000

7,325,000 14,287,000 21,612,000 940,000 3,216,000 5,328,000 9,484,000 — 2,907,000 17,000 —————34,020,000 24,580,000 18,741,000 15,607,000 14,111,000

40.24 164.12 80.32 23.07 74.65 68.01 58.49 — 95.63 340.00 ———73.54 63.04 61.28 55.40 53.58

Growth: +15.82%

2008 Underwriting Performance Summary

2008 Underwriting Performance Summary Reinsurance Assumed ...............................— Reinsurance Ceded .......................8,156,000 Net Premiums Written ..................15,163,000 Net Premiums Earned..................13,004,000 Net Claims & Adj Exp.....................5,485,000 Commissions..................................2,456,000 Taxes ....................................................1,000 General Expenses..........................2,210,000 Undrwtg. Profit/Loss.......................2,882,000 Investment Income.........................1,018,000

68.13 –41.38 –8.43 ———67.92 56.82 38.95 16.66 49.85

2008 Underwriting Performance Summary

NORTH WATERLOO FARMERS MUTUAL INSURANCE COMPANY

J. Bredenhof, President Darin Nessel, CEO 201-9366-200A Street Langley BC V1M 4B3 604-881-1250 Fax 604-881-1440 www.mutualfirebc.com dlnessel@mutualfirebc.com 13,623,000 13,623,000 1,540,000 —————15,163,000 12,152,000 8,416,000 7,523,000 7,265,000

30,624,000 –12,000 –7,000 —————30,605,000 23,886,000 21,819,000 4,952,000 2,902,000

+$27,100,000

THE MUTUAL FIRE INSURANCE COMPANY OF BRITISH COLUMBIA

Prop. - Personal................. Prop. - Total ....................... Liability...............................

D-US

2008 Direct Premiums Written: +$34,897,000

Underwriting Result 2008: +$10,056,000 2005: +$19,728,000

+$41,407,000 +$25,892,000

44,948,000 29,000 83,000 —————45,060,000 42,041,000 56,020,000 29,726,000 5,821,000

Growth: +3.21%

2008 Underwriting Performance Summary Reinsurance Assumed ...............................— Reinsurance Ceded ........................–682,000 Net Premiums Written ................209,219,000 Net Premiums Earned................209,054,000 Net Claims & Adj Exp.................136,478,000 Commissions................................14,948,000 Taxes .............................................6,432,000 General Expenses........................16,037,000 Undrwtg. Profit/Loss.....................38,321,000 Investment Income.......................30,899,000

V Lorraine Williams, Chief Agent for Canada c/o D M Williams & Associates Ltd. 3650 Victoria Park Avenue, Suite 201 Toronto ON M2H 3P7 416-496-1148 Fax 416-496-1089 Aircraft ............................... 42,654,000 Liability............................... 35,000 Marine................................ 124,000 —————Total 2008.......................... 42,813,000 Total 2007.......................... 41,262,000 Total 2006.......................... 43,451,000 Total 2005.......................... 41,968,000 Total 2004.......................... 19,962,000

% Growth Rate (NPW) ..........................24.78 % of Market (NPW) .............................0.04 Earned Loss Ratio.............................42.18 Total Expense Ratio ..........................35.89 Combined Loss & Exp. Ratio ............78.07 Return on Equity................................18.51

+$551,000 +$2,322,000

2006:

CANADIAN UNDERWRITER STATISTICAL ISSUE 2009

+$2,432,000

Reinsurance Assumed ........................–2,000 Reinsurance Ceded .......................8,879,000 Net Premiums Written ..................49,382,000 Net Premiums Earned..................46,261,000 Net Claims & Adj Exp...................34,020,000 Commissions................................10,227,000 Taxes .............................................1,980,000 General Expenses..........................6,239,000 Undrwtg. Profit/Loss.....................–5,478,000 Investment Income............................823,000

Underwriting Result 2008: –$5,478,000 2005: +$340,000

2007: 2004:

% Growth Rate (NPW) ..........................14.34 % of Market (NPW) .............................0.14 Earned Loss Ratio.............................73.54 Total Expense Ratio ..........................39.87 Combined Loss & Exp. Ratio ..........113.41 Return on Equity................................–6.29

–$743,000 +$908,000

2006:

–$1,045,000

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OLD REPUBLIC INSURANCE COMPANY OF CANADA

Total 2008.......................... Total 2007.......................... Total 2006.......................... Total 2005.......................... Total 2004..........................

437,000 2,442,000 2,879,000 24,000 16,119,000 2,073,000 6,866,000 25,058,000 4,290,000 —————32,251,000 38,237,000 43,801,000 44,965,000 37,105,000

358,000 2,451,000 2,809,000 5,000 10,058,000 1,420,000 6,871,000 18,349,000 –10,000 —————21,153,000 22,163,000 25,810,000 24,367,000 18,956,000

2008 Direct Premiums Written: +$41,808,000

81.92 100.37 97.57 20.83 62.40 68.50 100.07 73.23 –0.23 ———65.59 57.96 58.93 54.19 51.09

Growth: –13.44%

2008 Underwriting Performance Summary % Growth Rate (NPW) ........................–15.44 % of Market (NPW) .............................0.09 Earned Loss Ratio.............................65.59 Total Expense Ratio ..........................37.41 Combined Loss & Exp. Ratio ..........103.00 Return on Equity..................................5.64

Reinsurance Assumed ........................11,000 Reinsurance Ceded .....................10,723,000 Net Premiums Written ..................31,096,000 Net Premiums Earned..................32,251,000 Net Claims & Adj Exp...................21,153,000 Commissions..................................6,518,000 Taxes .............................................1,565,000 General Expenses..........................3,982,000 Undrwtg. Profit/Loss........................–967,000 Investment Income.........................5,021,000

2007: 2004:

Analytics

Net Premiums Earned $

Net Claims and Adjusting Expenses $

Earned Loss Ratio %

B-C

John Taylor, BBA,FCIP,CHRP, President Shelley Sutton, Chairman of the Board 1305 Bishop St. N., Box 3187 Cambridge ON N3H 4S6 519-622-9220 Fax 519-622-9227 www.ontariomutuals.com

391,000 2,436,000 2,827,000 26,000 15,436,000 2,052,000 6,467,000 23,955,000 4,288,000 —————31,096,000 36,773,000 40,409,000 46,370,000 39,892,000

Underwriting Result 2008: –$967,000 2005: +$7,053,000

Net Premiums Written $

ONTARIO MUTUAL D-US INSURANCE ASSOCIATION

Paul Field, Chief Executive Officer Box 557, 100 King St W Hamilton ON L8N 3K9 905-523-5936 Fax 905-528-4685 pfield@orican.com Prop. - Personal................. Prop. - Commercial............ Prop. - Total ....................... Aircraft ............................... Auto. - Liability ................... Auto. - Pers. Acc................ Auto. - Other ...................... Auto. - Total ....................... Liability...............................

Class

+$3,360,000 +$6,623,000

2006:

+$4,257,000

Prop. - Personal................. Prop. - Commercial............ Prop. - Total ....................... Aircraft ............................... Auto. - Liability ................... Auto. - Pers. Acc................ Auto. - Other ...................... Auto. - Total ....................... Boiler & Machinery ............ Hail .................................... Liability............................... Accident & Sickness .......... Total 2008.......................... Total 2007.......................... Total 2006.......................... Total 2005.......................... Total 2004..........................

183,383,000 25,831,000 209,214,000 — 61,926,000 39,112,000 50,393,000 151,431,000 –4,000 115,000 31,454,000 208,000 —————392,418,000 377,706,000 372,357,000 358,510,000 348,573,000

157,329,000 6,075,000 163,404,000 — 41,986,000 40,485,000 31,777,000 114,248,000 — 134,000 16,696,000 191,000 —————294,673,000 232,210,000 228,318,000 215,285,000 222,411,000

2008 Direct Premiums Written: +$499,863,000

85.79 23.52 78.10 — 67.80 103.51 63.06 75.45 — 116.52 53.08 91.83 ———75.09 61.48 61.32 60.05 63.81

Growth: +5.02%

2008 Underwriting Performance Summary % Growth Rate (NPW) ............................5.21 % of Market (NPW) .............................1.14 Earned Loss Ratio.............................75.09 Total Expense Ratio ..........................37.16 Combined Loss & Exp. Ratio ..........112.25 Return on Equity................................–3.71

Reinsurance Assumed ...................1,446,000 Reinsurance Ceded .....................97,612,000 Net Premiums Written ................403,697,000 Net Premiums Earned................392,418,000 Net Claims & Adj Exp.................294,673,000 Commissions................................75,081,000 Taxes .............................................1,114,000 General Expenses........................69,634,000 Undrwtg. Profit/Loss...................–44,401,000 Investment Income.......................12,925,000

Underwriting Result 2008: –$44,401,000 2005: +$20,916,000

Rating & statistical analysis

187,845,000 26,148,000 213,993,000 66,613,000 43,212,000 47,564,000 –3,000 90,773,000 — 117,000 31,989,000 212,000 —————403,697,000 383,721,000 376,453,000 364,795,000 361,248,000

2007: 2004:

+$7,661,000 +$11,116,000

2006:

+$14,334,000

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OMEGA GENERAL INSURANCE COMPANY

B-C

Philip Cook, Chief Agent 36 King St. E., Suite 500 Toronto ON M5C 1E5 www.omegageneral.com contactus@omegageneral.com Prop. - Personal................. Prop. - Commercial............ Prop. - Total ....................... Auto. - Liability ................... Auto. - Total ....................... Liability............................... Total 2008.......................... Total 2007.......................... Total 2006.......................... Total 2005..........................

15,000 364,000 379,000 — — 1,890,000 —————2,269,000 575,000 1,666,000 704,000

4,000 412,000 416,000 — — 1,281,000 —————1,697,000 747,000 1,482,000 513,000

2008 Direct Premiums Written: +$3,374,000

2,000 249,000 251,000 6,000 6,000 278,000 —————535,000 204,000 441,000 286,000

50.00 60.44 60.34 — — 21.70 ———31.53 27.31 29.76 55.75

Growth: +186.42%

Underwriting Result 2008: –$963,000 2005: –$1,536,000 104

2007:

D-C

Jim H. Sami, CEO 91 Westmount Rd. Guelph ON N1H 5J2 519-767-2182 Fax 519-767-0281 Prop. - Commercial............ Prop. - Total ....................... Auto. - Liability ................... Auto. - Pers. Acc................ Auto. - Other ...................... Auto. - Total ....................... Boiler & Machinery ............ Fidelity ............................... Liability............................... Total 2008.......................... Total 2007.......................... Total 2006.......................... Total 2005.......................... Total 2004..........................

9,014,000 9,014,000 626,000 240,000 375,000 1,241,000 –270,000 942,000 20,138,000 —————31,065,000 31,019,000 30,051,000 26,054,000 24,598,000

9,014,000 9,014,000 680,000 240,000 429,000 1,349,000 90,000 942,000 20,490,000 —————31,885,000 31,542,000 30,487,000 26,054,000 24,598,000

15,947,000 15,947,000 –348,000 575,000 105,000 332,000 8,000 626,000 19,766,000 —————36,679,000 27,484,000 26,278,000 26,014,000 22,014,000

2008 Direct Premiums Written: +$34,277,000

176.91 176.91 –51.18 239.58 24.48 24.61 8.89 66.45 96.47 ———115.04 87.13 86.19 99.85 89.50

Growth: +0.19%

2008 Underwriting Performance Summary

2008 Underwriting Performance Summary Reinsurance Assumed ......................650,000 Reinsurance Ceded .......................1,755,000 Net Premiums Written ....................2,269,000 Net Premiums Earned....................1,697,000 Net Claims & Adj Exp........................535,000 Commissions.....................................368,000 Taxes ................................................101,000 General Expenses..........................1,656,000 Undrwtg. Profit/Loss........................–963,000 Investment Income............................373,000

ONTARIO SCHOOL BOARD'S INSURANCE EXCHANGE

% Growth Rate (NPW) ........................294.61 % of Market (NPW) .............................0.01 Earned Loss Ratio.............................31.53 Total Expense Ratio ........................125.22 Combined Loss & Exp. Ratio ..........156.75 Return on Equity................................–4.44

–$2,188,000

2006:

–$1,496,000

Reinsurance Assumed ...............................— Reinsurance Ceded .......................3,212,000 Net Premiums Written ..................31,065,000 Net Premiums Earned..................31,885,000 Net Claims & Adj Exp...................36,679,000 Commissions ..............................................— Taxes .............................................1,003,000 General Expenses..........................1,916,000 Undrwtg. Profit/Loss.....................–7,713,000 Investment Income.........................5,912,000

Underwriting Result 2008: –$7,713,000 2005: –$2,210,000

2007: 2004:

% Growth Rate (NPW) ............................0.15 % of Market (NPW) .............................0.09 Earned Loss Ratio...........................115.04 Total Expense Ratio ............................9.15 Combined Loss & Exp. Ratio ..........124.19 Return on Equity................................–4.37

+$1,474,000 +$502,000

2006:

+$1,708,000

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Net Premiums Earned $

Net Claims and Adjusting Expenses $

Earned Loss Ratio %

PACIFIC COAST FISHERMEN'S MUTUAL MARINE INSURANCE COMPANY D-C 3757 Canada Way Burnaby BC V5G 1G5 604-438-4240 Fax 604-438-5756 www.mutualmarine.bc.ca info@mutualmarine.bc.ca

B-C OPTIMUM WEST INSURANCE COMPANY OPTIMUM SOCIETE D'ASSURANCE INC. OPTIMUM ASSURANCE AGRICOLE INC. Jean-Claude Page, President & Chief Executive Officer 425 de Maisonneuve Blvd. W., Suite 1500 Montreal PQ H3A 3G5 514-288-8725 Fax 514-288-0760 Prop. - Personal................. Prop. - Commercial............ Prop. - Total ....................... Auto. - Liability ................... Auto. - Pers. Acc................ Auto. - Other ...................... Auto. - Total ....................... Boiler & Machinery ............ Fidelity ............................... Liability............................... Surety ................................ Total 2008.......................... Total 2007.......................... Total 2006.......................... Total 2005.......................... Total 2004..........................

25,480,000 15,618,000 41,098,000 11,918,000 4,519,000 7,521,000 23,958,000 67,000 10,000 11,808,000 6,000 —————76,947,000 76,108,000 86,434,000 97,834,000 98,497,000

25,701,000 16,051,000 41,752,000 11,276,000 4,365,000 7,264,000 22,905,000 66,000 11,000 12,004,000 3,000 —————76,741,000 81,096,000 90,387,000 99,122,000 99,373,000

Total 2008.......................... Total 2007.......................... Total 2006.......................... Total 2005..........................

2007: 2004:

6,279,000 —————6,279,000 5,949,000 5,765,000 5,781,000

359,000 —————359,000 741,000 1,459,000 1,384,000

5.72 ———5.72 12.46 25.31 23.94

Growth: +29.41%

2008 Underwriting Performance Summary 13,822,000 7,299,000 21,121,000 7,388,000 3,058,000 5,298,000 15,744,000 — — 3,021,000 — —————39,886,000 38,568,000 45,357,000 53,069,000 54,665,000

53.78 45.47 50.59 65.52 70.06 72.94 68.74 — — 25.17 — ———51.97 47.56 50.18 53.54 55.01

Growth: +2.69%

2008 Underwriting Performance Summary

Underwriting Result 2008: –$778,000 2005: +$2,707,000

8,268,000 —————8,268,000 5,959,000 5,753,000 5,822,000

2008 Direct Premiums Written: +$8,792,000

2008 Direct Premiums Written: +$98,961,000

% Growth Rate (NPW) ............................1.10 % of Market (NPW) .............................0.22 Earned Loss Ratio.............................51.97 Total Expense Ratio ..........................49.04 Combined Loss & Exp. Ratio ..........101.01 Return on Equity................................11.38

Reinsurance Assumed .................17,525,000 Reinsurance Ceded .....................39,539,000 Net Premiums Written ..................76,947,000 Net Premiums Earned..................76,741,000 Net Claims & Adj Exp...................39,886,000 Commissions................................13,624,000 Taxes .............................................3,241,000 General Expenses........................20,768,000 Undrwtg. Profit/Loss........................–778,000 Investment Income.........................8,769,000

Marine................................

+$2,846,000 –$1,025,000

2006:

+$3,874,000

% Growth Rate (NPW) ..........................38.75 % of Market (NPW) .............................0.02 Earned Loss Ratio...............................5.72 Total Expense Ratio ..........................16.48 Combined Loss & Exp. Ratio ............22.20 Return on Equity................................80.31

Reinsurance Assumed ...............................— Reinsurance Ceded ..........................526,000 Net Premiums Written ....................8,268,000 Net Premiums Earned....................6,279,000 Net Claims & Adj Exp........................359,000 Commissions ..............................................— Taxes..........................................................— General Expenses..........................1,035,000 Undrwtg. Profit/Loss.......................4,695,000 Investment Income............................397,000

Underwriting Result 2008: +$4,695,000 2005: +$3,487,000

2007:

+$4,202,000

2006:

+$3,390,000

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 Prop. - Personal................. 5,554,000 Prop. - Commercial............ 5,545,000 Prop. - Total ....................... 11,099,000 Liability............................... 1,041,000 —————Total 2008.......................... 12,140,000 Total 2007.......................... 11,585,000 Total 2006.......................... 10,884,000 Total 2005.......................... 10,715,000 Total 2004.......................... 9,884,000

5,241,000 5,474,000 10,715,000 1,013,000 —————11,728,000 11,186,000 10,872,000 10,040,000 9,460,000

4,375,000 3,464,000 7,839,000 831,000 —————8,670,000 7,256,000 5,741,000 5,563,000 6,518,000

2008 Direct Premiums Written: +$13,814,000

83.48 63.28 73.16 82.03 ———73.93 64.87 52.81 55.41 68.90

Growth: +4.82%

2008 Underwriting Performance Summary

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 Auto. - Liability ................... 27,416,000 Auto. - Pers. Acc................ 11,731,000 Auto. - Other ...................... 14,285,000 Auto. - Total ....................... 53,432,000 —————Total 2008.......................... 53,432,000 Total 2007.......................... 79,875,000 Total 2006.......................... 115,374,000 Total 2005.......................... 100,414,000 Total 2004.......................... 30,698,000

16.49 109.97 59.38 49.27 ———49.27 59.79 80.27 60.83 93.47

30,069,000 13,679,000 15,334,000 59,082,000 —————59,082,000 95,313,000 106,172,000 85,534,000 8,796,000

4,959,000 15,043,000 9,106,000 29,108,000 —————29,108,000 56,992,000 85,222,000 52,034,000 8,222,000

2008 Direct Premiums Written: +$54,235,000

Reinsurance Assumed ........................28,000 Reinsurance Ceded .......................1,700,000 Net Premiums Written ..................12,140,000 Net Premiums Earned..................11,728,000 Net Claims & Adj Exp.....................8,670,000 Commissions..................................1,665,000 Taxes ................................................149,000 General Expenses..........................2,560,000 Undrwtg. Profit/Loss.....................–1,316,000 Investment Income.........................2,279,000

Underwriting Result 2008: –$1,316,000 2005: +$553,000

2007: 2004:

% Growth Rate (NPW) ............................4.79 % of Market (NPW) .............................0.03 Earned Loss Ratio.............................73.93 Total Expense Ratio ..........................37.30 Combined Loss & Exp. Ratio ..........111.23 Return on Equity..................................2.54

–$368,000 –$762,000

2006:

+$1,146,000

Growth: –33.25%

2008 Underwriting Performance Summary Reinsurance Assumed ...............................— Reinsurance Ceded ..........................803,000 Net Premiums Written ..................53,432,000 Net Premiums Earned..................59,082,000 Net Claims & Adj Exp...................29,108,000 Commissions..................................8,521,000 Taxes .............................................1,978,000 General Expenses........................10,066,000 Undrwtg. Profit/Loss.....................11,067,000 Investment Income.........................8,248,000

Underwriting Result 2008: +$11,067,000 2005: +$7,808,000

2007: 2004:

% Growth Rate (NPW) ........................–33.11 % of Market (NPW) .............................0.15 Earned Loss Ratio.............................49.27 Total Expense Ratio ..........................34.81 Combined Loss & Exp. Ratio ............84.08 Return on Equity................................20.73

+$11,230,000 –$5,490,000

2006:

CANADIAN UNDERWRITER STATISTICAL ISSUE 2009

–$9,757,000

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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.pembridge.com Prop. - Personal................. 25,023,000 Prop. - Commercial............ — Prop. - Total ....................... 25,023,000 Auto. - Liability ................... 41,432,000 Auto. - Pers. Acc................ 23,875,000 Auto. - Other ...................... 24,339,000 Auto. - Total ....................... 89,646,000 Liability............................... — Surety ................................ — Accident & Sickness .......... — —————Total 2008.......................... 114,669,000 Total 2007.......................... 96,585,000 Total 2006.......................... 83,626,000 Total 2005.......................... 76,516,000 Total 2004.......................... 131,570,000

23,575,000 — 23,575,000 38,524,000 21,676,000 22,330,000 82,530,000 — — — —————106,105,000 91,638,000 78,607,000 91,158,000 148,444,000

2008 Direct Premiums Written: +$115,888,000 2008 Underwriting Performance Summary Reinsurance Assumed ...............................— Reinsurance Ceded .......................1,219,000 Net Premiums Written ................114,669,000 Net Premiums Earned................106,105,000 Net Claims & Adj Exp...................83,811,000 Commissions................................16,812,000 Taxes .............................................3,581,000 General Expenses........................16,800,000 Undrwtg. Profit/Loss...................–12,461,000 Investment Income.........................4,859,000

Underwriting Result 2008: –$12,461,000 2005: +$42,994,000

2007: 2004:

20,718,000 4,000 20,722,000 29,924,000 19,085,000 14,648,000 63,657,000 –701,000 161,000 –28,000 —————83,811,000 63,828,000 38,304,000 17,509,000 58,879,000

Growth: +19.34%

% Growth Rate (NPW) ..........................18.72 % of Market (NPW) .............................0.32 Earned Loss Ratio.............................78.99 Total Expense Ratio ..........................35.05 Combined Loss & Exp. Ratio ..........114.04 Return on Equity................................–2.88

2006:

106

2007: 2004:

Earned Loss Ratio %

2,732,000 2,732,000 —————2,732,000 2,354,000 1,994,000 2,119,000 2,013,000

Prop. - Personal................. Prop. - Commercial............ Prop. - Total ....................... Auto. - Liability ................... Auto. - Pers. Acc................ Auto. - Other ...................... Auto. - Total ....................... Liability............................... Total 2008.......................... Total 2007.......................... Total 2006.......................... Total 2005.......................... Total 2004..........................

54,580,000 4,474,000 59,054,000 31,454,000 11,849,000 26,717,000 70,020,000 5,295,000 —————134,369,000 121,810,000 117,332,000 114,615,000 105,830,000

51,913,000 4,289,000 56,202,000 30,103,000 11,244,000 25,154,000 66,501,000 5,088,000 —————127,791,000 118,619,000 115,189,000 109,698,000 100,278,000

29,971,000 1,893,000 31,864,000 21,494,000 6,612,000 16,964,000 45,070,000 2,794,000 —————79,728,000 77,166,000 70,059,000 70,667,000 59,037,000

2008 Direct Premiums Written: +$151,317,000

57.73 44.14 56.70 71.40 58.80 67.44 67.77 54.91 ———62.39 65.05 60.82 64.42 58.87

Growth: +8.02%

2008 Underwriting Performance Summary % Growth Rate (NPW) ..........................10.31 % of Market (NPW) .............................0.38 Earned Loss Ratio.............................62.39 Total Expense Ratio ..........................35.37 Combined Loss & Exp. Ratio ............97.76 Return on Equity................................11.01

Reinsurance Assumed ...............................— Reinsurance Ceded .....................16,948,000 Net Premiums Written ................134,369,000 Net Premiums Earned................127,791,000 Net Claims & Adj Exp...................79,728,000 Commissions................................22,500,000 Taxes .............................................5,209,000 General Expenses........................17,489,000 Undrwtg. Profit/Loss.......................5,015,000 Investment Income.......................10,547,000

2007: 2004:

+$6,000 +$8,236,000

2006:

+$7,020,000

B-C

373,000 373,000 —————373,000 — 2,000 –231,000 90,000

13.65 13.65 ———13.65 — 0.10 –10.90 4.47

Growth: +29.58%

B-US

Colleen Sexsmith, Chief Agent 1145 Nicholson Rd., Unit 2 Newmarket ON L3Y 9C3 905-853-0858 Fax 905-853-0183

Total 2007.......................... Total 2006.......................... Total 2005.......................... Total 2004..........................

—————— — –833,000 –43,000

—————— 20,000 1,043,000 1,323,000

—————231,000 21,000 1,463,000 1,677,000

———— 105.00 140.27 126.76

2008 Underwriting Performance Summary

% Growth Rate (NPW) ..........................20.57 % of Market (NPW) .............................0.01 Earned Loss Ratio.............................13.65 Total Expense Ratio ............................9.48 Combined Loss & Exp. Ratio ............23.13 Return on Equity .....................................—

–$119,000 –$111,000

B-C

R. L. Clark, President and CEO PO Box 340 Portage La Prairie MB R1N 3B8 204-857-3415 Fax 204-239-6655 www.portagemutual.com

PROVIDENCE WASHINGTON INSURANCE COMPANY

2008 Direct Premiums Written: +$8,660,000 2008 Underwriting Performance Summary

Underwriting Result 2008: –$131,000 2005: –$96,000

Net Claims and Adjusting Expenses $

+$10,498,000

POOL INSURANCE COMPANY

Reinsurance Assumed ...............................— Reinsurance Ceded .......................5,951,000 Net Premiums Written ....................2,814,000 Net Premiums Earned....................2,732,000 Net Claims & Adj Exp........................373,000 Commissions...................................–243,000 Taxes ................................................287,000 General Expenses.............................215,000 Undrwtg. Profit/Loss........................–131,000 Investment Income............................131,000

Net Premiums Earned $

THE PORTAGE LA PRAIRIE MUTUAL INSURANCE COMPANY

Underwriting Result 2008: +$5,015,000 2005: +$2,297,000

–$4,356,000 +$45,672,000

L.J. Cooper, Chief Operating Officer 220 Portage Ave., Suite 1301 Winnipeg MB R3C 0A5 204-942-0658 Fax 204-989-2235 www.canpool.com Prop. - Commercial............ 2,814,000 Prop. - Total ....................... 2,814,000 —————Total 2008.......................... 2,814,000 Total 2007.......................... 2,334,000 Total 2006.......................... 1,997,000 Total 2005.......................... 2,376,000 Total 2004.......................... 1,911,000

87.88 — 87.90 77.68 88.05 65.60 77.13 — — — ———78.99 69.65 48.73 19.21 39.66

Net Premiums Written $

Class

2006:

–$112,000

Reinsurance Assumed ...............................— Reinsurance Ceded....................................— Net Premiums Written ................................— Net Premiums Earned ................................— Net Claims & Adj Exp .................................— Commissions ..............................................— Taxes..........................................................— General Expenses.............................109,000 Undrwtg. Profit/Loss........................–109,000 Investment Income..............................38,000

Underwriting Result 2008: –$109,000 2005: +$240,000

2007: 2004:

% Growth Rate (NPW)................................— % of Market (NPW).................................— Earned Loss Ratio ..................................— Total Expense Ratio ...............................— Combined Loss & Exp. Ratio..................— Return on Equity..................................2.60

–$401,000 –$1,012,000

2006:

–$136,000

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RBC GENERAL INSURANCE COMPANY B-C

Francois Boulanger, President & C.E.O. 6880 Financial Dr., West Tower Mississauga ON L5N 7Y5 905-816-5400 Fax 905-813-4790

73.43 33.41 60.14 80.30 53.86 64.48 71.84 ———66.25 59.52 58.29 63.69 47.66

Prop. - Personal................. Prop. - Total ....................... Auto. - Liability ................... Auto. - Pers. Acc................ Auto. - Other ...................... Auto. - Total ....................... Liability............................... Accident & Sickness ..........

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 Prop. - Personal................. Prop. - Commercial............ Prop. - Total ....................... Auto. - Liability ................... Auto. - Pers. Acc................ Auto. - Other ...................... Auto. - Total ....................... Total 2008.......................... Total 2007.......................... Total 2006.......................... Total 2005.......................... Total 2004..........................

39,461,000 18,315,000 57,776,000 27,526,000 2,717,000 23,278,000 53,521,000 —————111,297,000 88,245,000 73,838,000 69,944,000 66,834,000

32,347,000 16,075,000 48,422,000 26,781,000 3,288,000 22,770,000 52,839,000 —————101,261,000 84,536,000 70,488,000 68,974,000 66,105,000

23,752,000 5,371,000 29,123,000 21,504,000 1,771,000 14,683,000 37,958,000 —————67,081,000 50,314,000 41,084,000 43,932,000 31,505,000

2008 Direct Premiums Written: +$147,184,000

Growth: +12.74%

Underwriting Result 2008: –$3,014,000 2005: +$2,091,000

2007: 2004:

% Growth Rate (NPW) ..........................26.12 % of Market (NPW) .............................0.32 Earned Loss Ratio.............................66.25 Total Expense Ratio ..........................38.59 Combined Loss & Exp. Ratio ..........104.84 Return on Equity................................–7.16

+$2,832,000 +$11,536,000

2006:

+$4,121,000

PEARL ASSURANCE PLC

Total 2008.......................... Total 2006..........................

— —————— —

— —————— —

18,000 —————18,000 140,000

— ———— —

2008 Underwriting Performance Summary Reinsurance Assumed ...............................— Reinsurance Ceded....................................— Net Premiums Written ................................— Net Premiums Earned ................................— Net Claims & Adj Exp..........................18,000 Commissions ..............................................— Taxes..........................................................— General Expenses...............................60,000 Undrwtg. Profit/Loss..........................–78,000 Investment Income..............................52,000

Underwriting Result 2008: –$78,000 2005: –$48,000

2007: 2004:

48,499,000 48,499,000 64,010,000 71,365,000 43,743,000 179,118,000 –1,000 1,134,000 —————228,750,000 228,240,000 263,021,000 267,800,000 230,037,000

% Growth Rate (NPW)................................— % of Market (NPW).................................— Earned Loss Ratio ..................................— Total Expense Ratio ...............................— Combined Loss & Exp. Ratio..................— Return on Equity..................................1.81

–$61,000 –$50,000

85.07 85.07 58.48 106.94 60.66 72.14 –0.06 32.44 ———73.69 68.86 72.56 75.10 78.01

Growth: –7.12%

2008 Underwriting Performance Summary % Growth Rate (NPW) ..........................–7.18 % of Market (NPW) .............................0.92 Earned Loss Ratio.............................73.69 Total Expense Ratio ..........................22.71 Combined Loss & Exp. Ratio ............96.40 Return on Equity..................................7.09

Reinsurance Assumed ...................3,850,000 Reinsurance Ceded .......................3,557,000 Net Premiums Written ................325,767,000 Net Premiums Earned................310,425,000 Net Claims & Adj Exp.................228,750,000 Commissions ..............................................— Taxes .............................................9,301,000 General Expenses........................61,212,000 Undrwtg. Profit/Loss.......................9,862,000 Investment Income.......................11,385,000

Underwriting Result 2008: +$9,862,000 2005: +$26,974,000

2007: 2004:

+$30,463,000 +$16,977,000

2006:

+$25,346,000

B-UK

Philip Cook, Chief Agent 500 - 36 King St. E. Toronto ON M5C 1E5 416-361-1728 Fax 416-361-6113 Liability...............................

57,011,000 57,011,000 109,460,000 66,734,000 72,115,000 248,309,000 1,609,000 3,496,000 —————310,425,000 331,449,000 362,465,000 356,602,000 294,895,000

D-C

2008 Direct Premiums Written: +$325,474,000

2008 Underwriting Performance Summary Reinsurance Assumed ...............................— Reinsurance Ceded .....................35,887,000 Net Premiums Written ................111,297,000 Net Premiums Earned................101,261,000 Net Claims & Adj Exp...................67,081,000 Commissions................................16,723,000 Taxes .............................................4,658,000 General Expenses........................17,698,000 Undrwtg. Profit/Loss.....................–3,014,000 Investment Income.......................–1,461,000

Total 2008.......................... Total 2007.......................... Total 2006.......................... Total 2005.......................... Total 2004..........................

62,681,000 62,681,000 113,763,000 71,456,000 73,665,000 258,884,000 371,000 3,831,000 —————325,767,000 350,966,000 368,299,000 364,711,000 336,386,000

Earned Loss Ratio %

2006:

–$195,000

RBC INSURANCE COMPANY OF CANADA

D-C

Stanley W. Seggie, President & C.E.O. 6880 Financial Dr. West Tower Mississauga ON L5N 7Y5 905-816-2400 Fax 905-813-4704 www.rbc.com

Prop. - Personal................. Prop. - Total ....................... Auto. - Liability ................... Auto. - Pers. Acc................ Auto. - Other ...................... Auto. - Total ....................... Accident & Sickness .......... Total 2008.......................... Total 2007.......................... Total 2006.......................... Total 2005.......................... Total 2004..........................

13,455,000 13,455,000 3,131,000 2,232,000 1,882,000 7,245,000 180,888,000 —————201,588,000 240,332,000 190,213,000 178,543,000 166,541,000

12,108,000 12,108,000 220,000 147,000 172,000 539,000 189,797,000 —————202,444,000 240,799,000 191,330,000 176,353,000 154,442,000

2008 Direct Premiums Written: +$198,036,000

9,132,000 9,132,000 242,000 156,000 128,000 526,000 60,813,000 —————70,471,000 90,267,000 48,893,000 44,047,000 39,344,000

75.42 75.42 110.00 106.12 74.42 97.59 32.04 ———34.81 37.49 25.55 24.98 25.47

Growth: –15.76%

2008 Underwriting Performance Summary Reinsurance Assumed ...................4,329,000 Reinsurance Ceded ..........................777,000 Net Premiums Written ................201,588,000 Net Premiums Earned................202,444,000 Net Claims & Adj Exp...................70,471,000 Commissions................................73,088,000 Taxes .............................................4,510,000 General Expenses........................28,239,000 Undrwtg. Profit/Loss.....................26,136,000 Investment Income.........................7,880,000

Underwriting Result 2008: +$26,136,000 2005: +$6,087,000 CANADIAN UNDERWRITER STATISTICAL ISSUE 2009

2007: 2004:

% Growth Rate (NPW) ........................–16.12 % of Market (NPW) .............................0.57 Earned Loss Ratio.............................34.81 Total Expense Ratio ..........................52.28 Combined Loss & Exp. Ratio ............87.09 Return on Equity................................15.10

+$20,207,000 +$2,329,000

2006:

+$10,609,000

107


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Net Premiums Earned $

Earned Loss Ratio %

RED RIVER VALLEY MUTUAL INSURANCE COMPANY

Total 2008.......................... Total 2007.......................... Total 2006.......................... Total 2005.......................... Total 2004..........................

Net Premiums Earned $

Net Claims and Adjusting Expenses $

Earned Loss Ratio %

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

28,586,000 14,714,000 43,300,000 1,944,000 —————45,244,000 41,578,000 39,862,000 37,661,000 35,508,000

26,628,000 14,402,000 41,030,000 1,971,000 —————43,001,000 40,564,000 38,432,000 36,594,000 33,052,000

15,249,000 5,560,000 20,809,000 1,524,000 —————22,333,000 20,955,000 20,154,000 22,843,000 16,794,000

2008 Direct Premiums Written: +$51,463,000

57.27 38.61 50.72 77.32 ———51.94 51.66 52.44 62.42 50.81

Growth: +8.05%

2008 Underwriting Performance Summary % Growth Rate (NPW) ............................8.82 % of Market (NPW) .............................0.13 Earned Loss Ratio.............................51.94 Total Expense Ratio ..........................41.62 Combined Loss & Exp. Ratio ............93.56 Return on Equity..................................9.43

Reinsurance Assumed ........................43,000 Reinsurance Ceded .......................6,262,000 Net Premiums Written ..................45,244,000 Net Premiums Earned..................43,001,000 Net Claims & Adj Exp...................22,333,000 Commissions................................11,156,000 Taxes .............................................2,139,000 General Expenses..........................4,600,000 Undrwtg. Profit/Loss.......................3,243,000 Investment Income.........................2,233,000

Underwriting Result 2008: +$3,243,000 2005: –$153,000

Net Premiums Written $

SASKATCHEWAN MUTUAL B-C INSURANCE COMPANY

Brian Esau, President & C.E.O. 245 Centre Ave. E. Altona MB R0G 0B0 204-324-6434 Fax 204-324-1316 www.redrivermutual.com info@redrivermutual.com Prop. - Personal................. Prop. - Commercial............ Prop. - Total ....................... Liability...............................

Class

2007: 2004:

+$3,872,000 +$3,330,000

2006:

+$3,693,000

RSA CANADA GROUP

B-UK

Prop. - Personal................. Prop. - Commercial............ Prop. - Total ....................... Auto. - Liability ................... Auto. - Pers. Acc................ Auto. - Other ...................... Auto. - Total ....................... Fidelity ............................... Liability............................... Total 2008.......................... Total 2007.......................... Total 2006.......................... Total 2005.......................... Total 2004..........................

18,282,000 6,219,000 24,501,000 1,575,000 239,000 4,730,000 6,544,000 32,000 4,358,000 —————35,435,000 33,376,000 29,772,000 27,075,000 25,204,000

17,064,000 6,565,000 23,629,000 1,693,000 239,000 4,584,000 6,516,000 33,000 4,343,000 —————34,521,000 31,673,000 28,515,000 25,953,000 24,599,000

10,862,000 3,137,000 13,999,000 312,000 153,000 2,404,000 2,869,000 2,000 2,872,000 —————19,742,000 17,442,000 14,332,000 17,682,000 12,536,000

2008 Direct Premiums Written: +$36,883,000

63.65 47.78 59.25 18.43 64.02 52.44 44.03 6.06 66.13 ———57.19 55.07 50.26 68.13 50.96

Growth: +5.55%

2008 Underwriting Performance Summary % Growth Rate (NPW) ............................6.17 % of Market (NPW) .............................0.10 Earned Loss Ratio.............................57.19 Total Expense Ratio ..........................40.81 Combined Loss & Exp. Ratio ............98.00 Return on Equity..................................7.56

Reinsurance Assumed ...............................— Reinsurance Ceded .......................1,448,000 Net Premiums Written ..................35,435,000 Net Premiums Earned..................34,521,000 Net Claims & Adj Exp...................19,742,000 Commissions..................................7,190,000 Taxes .............................................1,533,000 General Expenses..........................5,365,000 Undrwtg. Profit/Loss..........................954,000 Investment Income.........................1,799,000

Underwriting Result 2008: +$954,000 2005: –$2,117,000

2007: 2004:

+$1,710,000 +$2,659,000

2006:

+$2,510,000

ROYAL & SUN ALLIANCE INSURANCE COMPANY OF CANADA QUEBEC ASSURANCE COMPANY WESTERN ASSURANCE COMPANY UNIFUND ASCENTUS INSURANCE LTD. CANADIAN NORTHERN SHIELD INSURANCE COMPANY Rowan Saunders, President & C.E.O. 10 Wellington St. E. Toronto ON M5E 1L5 416-366-7511 Fax 416-367-9869 www.rsagroup.ca Prop. - Personal................. Prop. - Commercial............ Prop. - Total ....................... Aircraft ............................... Auto. - Liability ................... Auto. - Pers. Acc................ Auto. - Other ...................... Auto. - Total ....................... Boiler & Machinery ............ Fidelity ............................... Liability............................... Surety ................................ Marine................................ Accident & Sickness .......... Total 2008.......................... Total 2007.......................... Total 2006.......................... Total 2005.......................... Total 2004..........................

325,382,000 173,558,000 498,940,000 2,000 458,276,000 165,630,000 343,252,000 967,158,000 29,026,000 1,591,000 100,656,000 148,000 36,744,000 98,268,000 —————1,732,533,000 1,503,736,000 1,389,143,000 1,271,689,000 1,263,976,000

320,188,000 168,548,000 488,736,000 2,000 445,898,000 158,972,000 332,501,000 937,371,000 31,189,000 1,641,000 105,282,000 178,000 36,939,000 92,282,000 —————1,693,620,000 1,443,015,000 1,337,902,000 1,269,870,000 1,181,225,000

2008 Direct Premiums Written: +$1,817,508,000

207,594,000 106,538,000 314,132,000 –21,000 366,403,000 151,082,000 189,869,000 707,354,000 28,954,000 777,000 69,625,000 2,000 16,528,000 43,800,000 —————1,181,151,000 894,464,000 812,109,000 804,467,000 813,461,000

64.84 63.21 64.27 –1,050.00 82.17 95.04 57.10 75.46 92.83 47.35 66.13 1.12 44.74 47.46 ———69.74 61.99 60.70 63.35 68.87

Growth: +15.80%

Underwriting Result 2008: +$19,580,000 2005: +$69,398,000 108

D-C

Randy Valpy, President & C.O.O. 777 Portage Ave Winnipeg MB R3G 0N3 204-942-2555 Fax 204-943-9597 Prop. - Personal................. Prop. - Total ....................... Total 2008.......................... Total 2007..........................

26,647,000 26,647,000 —————26,647,000 21,111,000

26,684,000 26,684,000 —————26,684,000 21,081,000

2008 Direct Premiums Written: +$26,647,000

2008 Underwriting Performance Summary Reinsurance Assumed ...................2,489,000 Reinsurance Ceded .....................93,334,000 Net Premiums Written .............1,732,533,000 Net Premiums Earned.............1,693,620,000 Net Claims & Adj Exp..............1,181,151,000 Commissions..............................224,785,000 Taxes ...........................................57,889,000 General Expenses......................210,215,000 Undrwtg. Profit/Loss.....................19,580,000 Investment Income.....................173,304,000

SecuriCAN General Insurance Company

% Growth Rate (NPW) ..........................15.22 % of Market (NPW) .............................4.91 Earned Loss Ratio.............................69.74 Total Expense Ratio ..........................29.10 Combined Loss & Exp. Ratio ............98.84 Return on Equity..................................8.60

2007: +$118,829,000 2004: +$15,427,000

2006: +$122,589,000

15,260,000 15,260,000 —————15,260,000 11,004,000

57.19 57.19 ———57.19 52.20

Growth: +26.22%

2008 Underwriting Performance Summary Reinsurance Assumed ...............................— Reinsurance Ceded....................................— Net Premiums Written ..................26,647,000 Net Premiums Earned..................26,684,000 Net Claims & Adj Exp...................15,260,000 Commissions.....................................402,000 Taxes .............................................1,418,000 General Expenses..........................9,536,000 Undrwtg. Profit/Loss.......................1,284,000 Investment Income............................497,000

Underwriting Result 2008: +$1,284,000

2007:

% Growth Rate (NPW) ..........................26.22 % of Market (NPW) .............................0.08 Earned Loss Ratio.............................57.19 Total Expense Ratio ..........................42.56 Combined Loss & Exp. Ratio ............99.75 Return on Equity................................12.89

+$2,039,000

canadianunderwriter.ca CANADIAN UNDERWRITER STATISTICAL ISSUE 2009


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Earned Loss Ratio %

SGI CANADA GROUP

Class

Net Premiums Written $

Net Premiums Earned $

Net Claims and Adjusting Expenses $

B-C

COACHMAN INSURANCE COMPANY INSURANCE COMPANY OF PRINCE EDWARD ISLAND SGI CANADA SGI CANADA INSURANCE SERVICES LTD.

B-C

Earl Cameron, Acting President 2260 11th Avenue Regina SK S4P 0J9 306-751-1200 Fax 306-565-8666 www.sgi.sk.ca Prop. - Personal................. Prop. - Commercial............ Prop. - Total ....................... Aircraft ............................... Auto. - Liability ................... Auto. - Pers. Acc................ Auto. - Other ...................... Auto. - Total ....................... Boiler & Machinery ............ Fidelity ............................... Liability............................... Surety ................................ Accident & Sickness .......... Total 2008.......................... Total 2007.......................... Total 2006.......................... Total 2005.......................... Total 2004..........................

131,653,000 35,728,000 167,381,000 91,000 46,199,000 13,174,000 94,463,000 153,836,000 206,000 439,000 32,631,000 1,885,000 30,000 —————356,499,000 321,684,000 301,617,000 287,870,000 280,300,000

122,439,000 34,907,000 157,346,000 98,000 45,107,000 12,755,000 89,166,000 147,028,000 219,000 462,000 31,642,000 1,770,000 30,000 —————338,595,000 308,956,000 291,453,000 282,854,000 270,535,000

85,397,000 12,620,000 98,017,000 –14,000 14,956,000 8,921,000 52,674,000 76,551,000 105,000 92,000 8,776,000 5,000 — —————183,532,000 190,331,000 155,775,000 164,387,000 156,805,000

2008 Direct Premiums Written: +$383,875,000

69.75 36.15 62.29 –14.29 33.16 69.94 59.07 52.07 47.95 19.91 27.74 0.28 — ———54.20 61.60 53.45 58.12 57.96

Growth: +10.77%

2008 Underwriting Performance Summary % Growth Rate (NPW) ..........................10.82 % of Market (NPW) .............................1.01 Earned Loss Ratio.............................54.20 Total Expense Ratio ..........................39.06 Combined Loss & Exp. Ratio ............93.26 Return on Equity................................23.43

Reinsurance Assumed ...............................— Reinsurance Ceded .....................27,376,000 Net Premiums Written ................356,499,000 Net Premiums Earned................338,595,000 Net Claims & Adj Exp.................183,532,000 Commissions................................71,429,000 Taxes ...........................................16,143,000 General Expenses........................44,689,000 Undrwtg. Profit/Loss.....................22,798,000 Investment Income.......................22,701,000

Underwriting Result 2008: +$22,798,000 2005: +$15,292,000

2007: 2004:

Earned Loss Ratio %

–$778,000 +$17,753,000

2006:

Earl Cameron, Acting President 2260 11th Avenue Regina SK S4P 0J9 306-751-1200 Fax 306-565-8666 Prop. - Personal................. 12,487,000 Prop. - Commercial............ 3,456,000 Prop. - Total ....................... 15,943,000 Auto. - Liability ................... 6,883,000 Auto. - Pers. Acc................ 827,000 Auto. - Other ...................... 6,477,000 Auto. - Total ....................... 14,187,000 Boiler & Machinery ............ 24,000 Fidelity ............................... 18,000 Liability............................... 3,372,000 Surety ................................ 92,000 —————Total 2008.......................... 33,636,000 Total 2007.......................... 21,970,000 Total 2006.......................... 14,215,000 Total 2005.......................... 11,749,000 Total 2004.......................... 10,996,000

10,685,000 3,132,000 13,817,000 5,452,000 654,000 5,043,000 11,149,000 24,000 17,000 2,937,000 87,000 —————28,031,000 18,264,000 12,339,000 11,324,000 10,481,000

2008 Direct Premiums Written: +$35,904,000 2008 Underwriting Performance Summary Reinsurance Assumed ...................2,192,000 Reinsurance Ceded .......................4,460,000 Net Premiums Written ..................33,636,000 Net Premiums Earned..................28,031,000 Net Claims & Adj Exp...................22,563,000 Commissions..................................5,464,000 Taxes .............................................1,025,000 General Expenses..........................4,773,000 Undrwtg. Profit/Loss.....................–5,762,000 Investment Income.........................2,481,000

Underwriting Result 2008: –$5,762,000 2005: –$646,000

2007: 2004:

10,058,000 1,340,000 11,398,000 4,748,000 978,000 4,510,000 10,236,000 4,000 22,000 928,000 –25,000 —————22,563,000 11,473,000 7,346,000 7,479,000 5,602,000

94.13 42.78 82.49 87.09 149.54 89.43 91.81 16.67 129.41 31.60 –28.74 ———80.49 62.82 59.53 66.05 53.45

Growth: +50.23%

% Growth Rate (NPW)................................— % of Market (NPW).................................— Earned Loss Ratio.............................80.49 Total Expense Ratio ..........................40.18 Combined Loss & Exp. Ratio ..........120.67 Return on Equity..................................4.65

–$1,026,000 +$545,000

2006:

–$363,000

+$26,098,000

B-C COACHMAN INSURANCE COMPANY

B-C

Paul Christoff, Chief Operating Officer 802 The Queensway Toronto ON M8Z 1N5 416-255-3417 Prop. - Personal................. Prop. - Commercial............ Prop. - Total ....................... Auto. - Liability ................... Auto. - Pers. Acc................ Auto. - Other ...................... Auto. - Total ....................... Boiler & Machinery ............ Fidelity ............................... Liability............................... Surety ................................ Total 2008.......................... Total 2007.......................... Total 2006.......................... Total 2005.......................... Total 2004..........................

5,053,000 1,695,000 6,748,000 6,869,000 6,125,000 2,484,000 15,478,000 –1,000 11,000 1,772,000 60,000 —————24,068,000 23,499,000 25,949,000 25,597,000 29,900,000

4,921,000 1,751,000 6,672,000 6,475,000 6,110,000 2,376,000 14,961,000 –2,000 10,000 1,824,000 60,000 —————23,525,000 23,177,000 23,555,000 25,722,000 29,302,000

3,360,000 936,000 4,296,000 2,203,000 3,968,000 2,034,000 8,205,000 21,000 8,000 849,000 1,000 —————13,380,000 13,072,000 8,147,000 13,362,000 25,202,000

2008 Direct Premiums Written: +$26,819,000

68.28 53.46 64.39 34.02 64.94 85.61 54.84 –1,050.00 80.00 46.55 1.67 ———56.88 56.40 34.59 51.95 86.01

Growth: +0.40%

2008 Underwriting Performance Summary Reinsurance Assumed ...............................— Reinsurance Ceded .......................2,751,000 Net Premiums Written ..................24,068,000 Net Premiums Earned..................23,525,000 Net Claims & Adj Exp...................13,380,000 Commissions..................................4,279,000 Taxes ................................................825,000 General Expenses..........................3,149,000 Undrwtg. Profit/Loss.......................1,858,000 Investment Income.........................4,437,000

Underwriting Result 2008: +$1,858,000 2005: +$4,663,000

2007: 2004:

% Growth Rate (NPW)................................— % of Market (NPW).................................— Earned Loss Ratio.............................56.88 Total Expense Ratio ..........................35.08 Combined Loss & Exp. Ratio ............91.96 Return on Equity................................12.50

+$2,329,000 –$3,938,000

2006:

CANADIAN UNDERWRITER STATISTICAL ISSUE 2009

+$7,362,000

Earl Cameron, Acting President 2260 11th Avenue Regina SK S4P 0J9 306-751-1200 Fax 306-565-8666 www.sgi.sk.ca Prop. - Personal................. 111,787,000 Prop. - Commercial............ 29,529,000 Prop. - Total ....................... 141,316,000 Aircraft ............................... 91,000 Auto. - Liability ................... 26,849,000 Auto. - Pers. Acc................ 4,880,000 Auto. - Other ...................... 81,550,000 Auto. - Total ....................... 113,279,000 Boiler & Machinery ............ 183,000 Fidelity ............................... 402,000 Liability............................... 26,770,000 Surety ................................ 1,708,000 Accident & Sickness .......... 30,000 —————Total 2008.......................... 283,779,000 Total 2007.......................... 264,892,000 Total 2006.......................... 252,418,000 Total 2005.......................... 240,985,000 Total 2004.......................... 229,462,000

104,926,000 29,063,000 133,989,000 98,000 28,209,000 4,830,000 78,225,000 111,264,000 197,000 427,000 26,269,000 1,600,000 30,000 —————273,874,000 257,384,000 246,790,000 235,959,000 220,279,000

69,444,000 9,455,000 78,899,000 –14,000 6,565,000 2,935,000 44,343,000 53,843,000 78,000 39,000 7,197,000 24,000 — —————140,066,000 160,321,000 137,010,000 141,045,000 119,866,000

2008 Direct Premiums Written: +$305,051,000 2008 Underwriting Performance Summary Reinsurance Assumed ...................3,142,000 Reinsurance Ceded .....................24,414,000 Net Premiums Written ................283,779,000 Net Premiums Earned................273,874,000 Net Claims & Adj Exp.................140,066,000 Commissions................................58,654,000 Taxes ...........................................13,762,000 General Expenses........................34,374,000 Undrwtg. Profit/Loss.....................27,018,000 Investment Income.......................14,768,000

Underwriting Result 2008: +$27,018,000 2005: +$7,696,000

2007: 2004:

66.18 32.53 58.88 –14.29 23.27 60.77 56.69 48.39 39.59 9.13 27.40 1.50 — ———51.14 62.29 55.52 59.78 54.42

Growth: +7.47%

% Growth Rate (NPW)................................— % of Market (NPW).................................— Earned Loss Ratio.............................51.14 Total Expense Ratio ..........................38.99 Combined Loss & Exp. Ratio ............90.13 Return on Equity................................23.53

–$2,500,000 +$19,832,000

2006:

+$16,901,000

SGI Canada Group Continues on page 110 109


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Net Claims and Adjusting Expenses $

Earned Loss Ratio %

B-C Charles Cooke, President PO Box 1120 14 Great George St Charlottetown PE C1A 7M8 902-368-3675

Total 2008.......................... Total 2007.......................... Total 2006.......................... Total 2005.......................... Total 2004..........................

2,326,000 1,048,000 3,374,000 5,598,000 1,342,000 3,952,000 10,892,000 — 8,000 717,000 25,000 —————15,016,000 11,323,000 9,035,000 9,539,000 9,942,000

1,907,000 961,000 2,868,000 4,971,000 1,161,000 3,512,000 9,644,000 — 8,000 620,000 26,000 —————13,166,000 10,132,000 8,769,000 9,849,000 10,472,000

2008 Direct Premiums Written: +$16,101,000

2,535,000 889,000 3,424,000 1,440,000 1,040,000 1,787,000 4,267,000 2,000 23,000 –199,000 5,000 —————7,522,000 5,465,000 3,272,000 2,500,000 6,134,000

132.93 92.51 119.39 28.97 89.58 50.88 44.25 — 287.50 –32.10 19.23 ———57.13 53.94 37.31 25.38 58.58

Growth: +33.23%

2008 Underwriting Performance Summary % Growth Rate (NPW)................................— % of Market (NPW).................................— Earned Loss Ratio.............................57.13 Total Expense Ratio ..........................45.24 Combined Loss & Exp. Ratio ..........102.37 Return on Equity..................................6.14

Reinsurance Assumed ...............................— Reinsurance Ceded .......................1,085,000 Net Premiums Written ..................15,016,000 Net Premiums Earned..................13,166,000 Net Claims & Adj Exp.....................7,522,000 Commissions..................................3,028,000 Taxes ................................................532,000 General Expenses..........................2,396,000 Undrwtg. Profit/Loss........................–314,000 Investment Income.........................1,037,000

Underwriting Result 2008: –$314,000 2005: +$3,579,000

2007: 2004:

Net Premiums Written $

Net Premiums Earned $

Net Claims and Adjusting Expenses $

Earned Loss Ratio %

SOMPO JAPAN INSURANCE INC.

SGI Canada Group Continued from page 109

Prop. - Personal................. Prop. - Commercial............ Prop. - Total ....................... Auto. - Liability ................... Auto. - Pers. Acc................ Auto. - Other ...................... Auto. - Total ....................... Boiler & Machinery ............ Fidelity ............................... Liability............................... Surety ................................

Class

+$418,000 +$1,316,000

2006:

D-F

Karen Barkley, Chief Agent In Canada The Exchange Tower 130 King St W, 12th Floor Toronto ON M5X 1A6 416-594-2590 Fax 416-594-3000 Prop. - Commercial............ Prop. - Total ....................... Auto. - Liability ................... Auto. - Other ...................... Auto. - Total ....................... Boiler & Machinery ............ Fidelity ............................... Liability............................... Surety ................................ Marine................................ Total 2008.......................... Total 2007.......................... Total 2006.......................... Total 2005.......................... Total 2004..........................

1,524,000 1,524,000 472,000 284,000 756,000 56,000 41,000 1,297,000 3,000 978,000 —————4,655,000 5,216,000 4,838,000 5,270,000 4,001,000

1,733,000 1,733,000 605,000 304,000 909,000 54,000 41,000 1,353,000 3,000 858,000 —————4,951,000 4,981,000 4,822,000 5,027,000 4,037,000

–119,000 –119,000 68,000 187,000 255,000 –1,000 –1,000 271,000 — 889,000 —————1,294,000 1,863,000 2,095,000 2,732,000 1,868,000

2008 Direct Premiums Written: +$4,542,000

Growth: +4.56%

2008 Underwriting Performance Summary % Growth Rate (NPW) ........................–10.76 % of Market (NPW) .............................0.01 Earned Loss Ratio.............................26.14 Total Expense Ratio ..........................37.89 Combined Loss & Exp. Ratio ............64.03 Return on Equity..................................7.02

Reinsurance Assumed ...................1,160,000 Reinsurance Ceded .......................1,047,000 Net Premiums Written ....................4,655,000 Net Premiums Earned....................4,951,000 Net Claims & Adj Exp.....................1,294,000 Commissions.....................................724,000 Taxes ................................................145,000 General Expenses..........................1,007,000 Undrwtg. Profit/Loss.......................1,781,000 Investment Income.........................1,367,000

Underwriting Result 2008: +$1,781,000 2005: +$614,000

2007: 2004:

+$1,424,000 +$734,000

2006:

+$1,039,000

+$2,198,000

SECURITY INSURANCE COMPANY OF HARTFORD D-US Colleen Sexsmith, Chief Agent 1145 Nicholson Rd., Unit 2 Newmarket ON L3Y 9C3 Liability............................... Total 2008.......................... Total 2007.......................... Total 2006.......................... Total 2005..........................

— —————— 12,000 47,000 19,000

10,000 —————10,000 93,000 265,000 506,000

5,900,000 —————5,900,000 5,778,000 –6,079,000 19,355,000

59,000.00 ———59,000.00 6,212.90 –2,293.96 3,825.10

2008 Underwriting Performance Summary Reinsurance Assumed ...............................— Reinsurance Ceded....................................— Net Premiums Written ................................— Net Premiums Earned.........................10,000 Net Claims & Adj Exp.....................5,900,000 Commissions ..............................................— Taxes..........................................................— General Expenses.............................334,000 Undrwtg. Profit/Loss.....................–6,224,000 Investment Income.........................3,471,000

Underwriting Result 2008: –$6,224,000 2005: –$19,150,000

2007:

% Growth Rate (NPW)................................— % of Market (NPW).................................— Earned Loss Ratio......................59,000.00 Total Expense Ratio .....................3,340.00 Combined Loss & Exp. Ratio .....62,340.00 Return on Equity..................................1.33

–$6,054,000

2006:

–6.87 –6.87 11.24 61.51 28.05 –1.85 –2.44 20.03 — 103.61 ———26.14 37.40 43.45 54.35 46.27

+$6,065,000

B-C Katherine Bardswick, President & CEO 500, 6700 MacLeod Trail S.E. Calgary AB T2H 0L3 403-298-4200 Fax 403-298-4217 Prop. - Personal................. Prop. - Commercial............ Prop. - Total ....................... Aircraft ............................... Auto. - Liability ................... Auto. - Pers. Acc................ Auto. - Other ...................... Auto. - Total ....................... Boiler & Machinery ............ Fidelity ............................... Liability............................... Surety ................................ Marine................................ Total 2008.......................... Total 2007.......................... Total 2006.......................... Total 2005.......................... Total 2004..........................

28,207,000 75,698,000 103,905,000 — 13,374,000 995,000 8,996,000 23,365,000 –1,000 560,000 53,341,000 5,791,000 6,965,000 —————193,926,000 175,280,000 183,929,000 198,217,000 193,070,000

28,823,000 68,421,000 97,244,000 — 11,106,000 188,000 6,449,000 17,743,000 4,000 586,000 53,660,000 5,683,000 7,007,000 —————181,927,000 173,623,000 188,793,000 181,896,000 183,075,000

14,981,000 40,098,000 55,079,000 –15,000 8,375,000 619,000 3,906,000 12,900,000 –2,000 260,000 35,501,000 560,000 4,327,000 —————108,610,000 106,741,000 108,477,000 106,263,000 107,745,000

2008 Direct Premiums Written: +$251,763,000

51.98 58.60 56.64 — 75.41 329.26 60.57 72.70 –50.00 44.37 66.16 9.85 61.75 ———59.70 61.48 57.46 58.42 58.85

Growth: –2.57%

2008 Underwriting Performance Summary Reinsurance Assumed ...................1,109,000 Reinsurance Ceded .....................59,092,000 Net Premiums Written ................193,926,000 Net Premiums Earned................181,927,000 Net Claims & Adj Exp.................108,610,000 Commissions................................44,216,000 Taxes .............................................8,811,000 General Expenses........................22,144,000 Undrwtg. Profit/Loss.....................–1,854,000 Investment Income.......................17,059,000

Underwriting Result 2008: –$1,854,000 2005: +$7,017,000 110

2007: 2004:

% Growth Rate (NPW)................................— % of Market (NPW).................................— Earned Loss Ratio.............................59.70 Total Expense Ratio ..........................41.32 Combined Loss & Exp. Ratio ..........101.02 Return on Equity..................................9.56

–$3,507,000 +$7,709,000

2006:

+$4,736,000

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ST. PAUL FIRE AND MARINE INSURANCE COMPANY Robert Fellows, President & General Manager 20 Queen St W, Suite 200 PO Box #5 Toronto ON M5H 3R3 416-366-8301 Fax 416-366-0846 www.travelerscanada.com St. Paul Prop. - Personal................. Prop. - Commercial............ Prop. - Total ....................... Aircraft ............................... Auto. - Liability ................... Auto. - Pers. Acc................ Auto. - Other ...................... Auto. - Total ....................... Boiler & Machinery ............ Fidelity ............................... Liability............................... Surety ................................ Marine................................ Total 2008.......................... Total 2007.......................... Total 2006.......................... Total 2005.......................... Total 2004..........................

4,705,000 61,212,000 65,917,000 1,000 25,782,000 3,222,000 12,102,000 41,106,000 3,227,000 920,000 79,182,000 3,560,000 13,668,000 —————207,581,000 256,794,000 232,901,000 222,870,000 210,002,000

Earned Loss Ratio %

Net Premiums Earned $

Net Claims and Adjusting Expenses $

Earned Loss Ratio %

D-US

Robert J. Cooke Senior, Vice-President 333 First Commerce Dr Aurora ON L4G 8A4 905-750-4100 www.statefarm.ca

Fire & Marine Insurance Company

4,918,000 75,567,000 80,485,000 1,000 27,690,000 3,286,000 11,274,000 42,250,000 3,279,000 985,000 85,892,000 3,560,000 13,558,000 —————230,010,000 245,653,000 223,139,000 221,240,000 210,675,000

2,259,000 45.93 64,986,000 86.00 67,245,000 83.55 1,038,000 103,800.00 23,013,000 83.11 6,528,000 198.66 9,579,000 84.97 39,120,000 92.59 2,468,000 75.27 1,110,000 112.69 46,131,000 53.71 488,000 13.71 10,582,000 78.05 ————————168,182,000 73.12 134,217,000 54.64 134,104,000 60.10 116,228,000 52.53 106,383,000 50.50

Growth: –15.20%

2008 Underwriting Performance Summary % Growth Rate (NPW) ........................–19.16 % of Market (NPW) .............................0.59 Earned Loss Ratio.............................73.12 Total Expense Ratio ..........................30.80 Combined Loss & Exp. Ratio ..........103.92 Return on Equity..................................5.92

Reinsurance Assumed ...................4,566,000 Reinsurance Ceded .....................39,881,000 Net Premiums Written ................207,581,000 Net Premiums Earned................230,010,000 Net Claims & Adj Exp.................168,182,000 Commissions................................37,730,000 Taxes .............................................8,415,000 General Expenses........................24,702,000 Undrwtg. Profit/Loss.....................–9,019,000 Investment Income.......................50,883,000

2007: 2004:

Net Premiums Written $

STATE FARM FIRE & B-US CASUALTY COMPANY

2008 Direct Premiums Written: +$242,896,000

Underwriting Result 2008: –$9,019,000 2005: +$43,878,000

Class

+$39,706,000 +$47,691,000

2006:

+$24,920,000

Prop. - Personal................. Prop. - Commercial............ Prop. - Total ....................... Fidelity ............................... Liability............................... Surety ................................ Total 2008.......................... Total 2007.......................... Total 2006.......................... Total 2005.......................... Total 2004..........................

336,081,000 29,865,000 365,946,000 1,000 48,752,000 40,000 —————414,739,000 388,547,000 362,333,000 351,092,000 344,255,000

321,918,000 30,285,000 352,203,000 1,000 47,850,000 38,000 —————400,092,000 374,113,000 356,224,000 347,452,000 329,404,000

271,420,000 32,296,000 303,716,000 — 38,779,000 — —————342,495,000 259,681,000 229,038,000 227,556,000 198,921,000

2008 Direct Premiums Written: +$418,866,000

84.31 106.64 86.23 — 81.04 — ———85.60 69.41 64.30 65.49 60.39

Growth: +6.78%

2008 Underwriting Performance Summary % Growth Rate (NPW)................................— % of Market (NPW).................................— Earned Loss Ratio.............................85.60 Total Expense Ratio ..........................31.92 Combined Loss & Exp. Ratio ..........117.52 Return on Equity................................–3.10

Reinsurance Assumed ...............................— Reinsurance Ceded .......................4,127,000 Net Premiums Written ................414,739,000 Net Premiums Earned................400,092,000 Net Claims & Adj Exp.................342,495,000 Commissions................................57,282,000 Taxes ...........................................13,630,000 General Expenses........................56,812,000 Undrwtg. Profit/Loss...................–67,927,000 Investment Income.......................37,371,000

Underwriting Result 2008: –$67,927,000 2005: +$17,674,000

2007: 2004:

Analytics

+$976,000 +$29,134,000

2006:

+$17,091,000

Rating & statistical analysis www.compu-quote.com

Powered by Compu-Quote

STATE FARM INSURANCE COMPANY D-US

Helping assess and develop marketing strategies through comparative quoting

STATE FARM FIRE & CASUALTY COMPANY STATE FARM MUTUAL AUTOMOBILE INSURANCE COMPANY

STATE FARM MUTUAL AUTOMOBILE INSURANCE COMPANY D-US

Robert J. Cooke Senior, Vice-President 333 First Commerce Dr Aurora ON L4G 8A4 905-750-4100 www.statefarm.ca

Prop. - Personal................. 336,081,000 Prop. - Commercial............ 29,865,000 Prop. - Total ....................... 365,946,000 Auto. - Liability ................... 569,091,000 Auto. - Pers. Acc................ 361,312,000 Auto. - Other ...................... 334,798,000 Auto. - Total ....................... 1,265,201,000 Fidelity ............................... 1,000 Liability............................... 48,752,000 Surety ................................ 40,000 —————Total 2008.......................... 1,679,940,000 Total 2007.......................... 1,527,610,000 Total 2006.......................... 1,436,944,000 Total 2005.......................... 1,393,817,000 Total 2004.......................... 1,382,868,000

321,918,000 30,285,000 352,203,000 553,912,000 348,882,000 327,820,000 1,230,614,000 1,000 47,850,000 38,000 —————1,630,706,000 1,493,002,000 1,420,920,000 1,385,975,000 1,391,643,000

2008 Direct Premiums Written: +$1,684,085,000

271,420,000 32,296,000 303,716,000 421,460,000 583,240,000 222,198,000 1,226,898,000 — 38,779,000 — —————1,569,393,000 1,275,254,000 945,989,000 1,002,738,000 1,054,620,000

84.31 106.64 86.23 76.09 167.17 67.78 99.70 — 81.04 — ———96.24 85.42 66.58 72.35 75.78

Growth: +9.97%

Underwriting Result 2008: –$348,769,000 2005: +$70,302,000 112

Auto. - Liability ................... 569,091,000 Auto. - Pers. Acc................ 361,312,000 Auto. - Other ...................... 334,798,000 Auto. - Total ....................... 1,265,201,000 —————Total 2008.......................... 1,265,201,000 Total 2007.......................... 1,139,063,000 Total 2006.......................... 1,074,611,000 Total 2005.......................... 1,042,725,000 Total 2004.......................... 1,038,613,000

553,912,000 348,882,000 327,820,000 1,230,614,000 —————1,230,614,000 1,118,889,000 1,064,696,000 1,038,523,000 1,062,239,000

2008 Direct Premiums Written: +$1,265,219,000

421,460,000 583,240,000 222,198,000 1,226,898,000 —————1,226,898,000 1,015,573,000 716,951,000 775,182,000 855,699,000

76.09 167.17 67.78 99.70 ———99.70 90.77 67.34 74.64 80.56

Growth: +11.07%

2008 Underwriting Performance Summary

2008 Underwriting Performance Summary Reinsurance Assumed ...............................— Reinsurance Ceded .......................4,145,000 Net Premiums Written .............1,679,940,000 Net Premiums Earned.............1,630,706,000 Net Claims & Adj Exp..............1,569,393,000 Commissions..............................190,373,000 Taxes ...........................................52,927,000 General Expenses......................171,866,000 Undrwtg. Profit/Loss.................–348,769,000 Investment Income.....................195,137,000

Robert J. Cooke Senior, Vice-President 333 First Commerce Dr Aurora ON L4G 8A4 905-750-4100 www.statefarm.ca

% Growth Rate (NPW) ............................9.97 % of Market (NPW) .............................4.76 Earned Loss Ratio.............................96.24 Total Expense Ratio ..........................25.46 Combined Loss & Exp. Ratio ..........121.70 Return on Equity................................–4.60

2007: –$120,814,000 2004: +$47,154,000

2006: +$141,519,000

Reinsurance Assumed ...............................— Reinsurance Ceded ............................18,000 Net Premiums Written .............1,265,201,000 Net Premiums Earned.............1,230,614,000 Net Claims & Adj Exp..............1,226,898,000 Commissions..............................133,091,000 Taxes ...........................................39,297,000 General Expenses......................115,054,000 Undrwtg. Profit/Loss.................–280,842,000 Investment Income.....................157,766,000

Underwriting Result 2008: –$280,842,000 2005: +$52,628,000

% Growth Rate (NPW)................................— % of Market (NPW).................................— Earned Loss Ratio.............................99.70 Total Expense Ratio ..........................23.36 Combined Loss & Exp. Ratio ..........123.06 Return on Equity................................–5.10

2007: –$121,790,000 2004: +$18,020,000

2006: +$124,428,000

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Insurance isn’t rocket science. Unless, of course, you’re insuring a rocket. From jet engine manufacturers to Hollywood productions, complex industries face complex insurance challenges. Challenges that won’t be solved by off-the-shelf thinking. At Travelers, our underwriters have an intimate knowledge of your business, so they can offer solutions that are truly in-synch with your needs. Talk to your broker and keep up with your world today. Or whatever world you’re heading toward tomorrow. travelerscanada.ca ©2008 The Travelers Companies, Inc. All rights reserved. St. Paul Fire and Marine Insurance Company and its property casualty affiliates. 20 Queen Street West, Suite 200 Box 5, Toronto, Ontario, M5H 3R3


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SSQ, SOCIETE D'ASSURANCES GENERALES INC.

Total 2008.......................... Total 2007.......................... Total 2006.......................... Total 2005.......................... Total 2004..........................

39,875,000 988,000 40,863,000 29,664,000 81,000 51,313,000 81,058,000 —————121,921,000 118,423,000 90,292,000 89,474,000 80,505,000

35,809,000 860,000 36,669,000 28,798,000 91,000 50,410,000 79,299,000 —————115,968,000 99,308,000 88,209,000 82,865,000 71,553,000

35,219,000 509,000 35,728,000 16,021,000 297,000 33,494,000 49,812,000 —————85,540,000 64,424,000 60,438,000 57,139,000 47,589,000

2008 Direct Premiums Written: +$125,004,000

98.35 59.19 97.43 55.63 326.37 66.44 62.82 ———73.76 64.87 68.52 68.95 66.51

Growth: +3.50%

2008 Underwriting Performance Summary % Growth Rate (NPW) ............................2.95 % of Market (NPW) .............................0.35 Earned Loss Ratio.............................73.76 Total Expense Ratio ..........................29.20 Combined Loss & Exp. Ratio ..........102.96 Return on Equity................................–1.41

Reinsurance Assumed ...............................— Reinsurance Ceded .......................3,083,000 Net Premiums Written ................121,921,000 Net Premiums Earned................115,968,000 Net Claims & Adj Exp...................85,540,000 Commissions...................................–167,000 Taxes .............................................3,988,000 General Expenses........................30,041,000 Undrwtg. Profit/Loss.....................–3,434,000 Investment Income.........................2,308,000

Underwriting Result 2008: –$3,434,000 2005: +$1,180,000

2007: 2004:

–$219,000 +$1,726,000

2006:

+$1,187,000

D-C

Total 2008.......................... Total 2007.......................... Total 2006.......................... Total 2005.......................... Total 2004..........................

21,721,000 21,721,000 — 20,000 20,000 77,000 — 89,790,000 — 1,000 –10,000 —————111,599,000 117,689,000 110,422,000 118,434,000 139,909,000

20,541,000 20,541,000 — 20,000 20,000 –60,000 — 90,183,000 — 1,000 –10,000 —————110,675,000 112,128,000 112,023,000 121,898,000 141,335,000

12,548,000 12,548,000 7,000 565,000 565,000 –59,000 6,000 34,320,000 100,000 25,000 5,000 —————47,517,000 38,584,000 30,752,000 64,454,000 84,904,000

2008 Direct Premiums Written: +$195,313,000

61.09 61.09 — 2,825.00 2,825.00 98.33 — 38.06 — 2,500.00 –50.00 ———42.93 34.41 27.45 52.88 60.07

Growth: +4.00%

2008 Underwriting Performance Summary Reinsurance Assumed ........................30,000 Reinsurance Ceded .....................83,744,000 Net Premiums Written ................111,599,000 Net Premiums Earned................110,675,000 Net Claims & Adj Exp...................47,517,000 Commissions................................32,039,000 Taxes .............................................5,776,000 General Expenses..........................7,505,000 Undrwtg. Profit/Loss.....................20,171,000 Investment Income.......................23,029,000

Underwriting Result 2008: +$20,171,000 2005: +$12,190,000 114

2007: 2004:

Net Premiums Earned $

Brian M Clark, Royal Bank Plaza, North Tower 200 Bay St, Suite 2200 Toronto ON M5J 2J2 416-307-3300 Fax 416-307-3305 www.stewart.ca Title .................................... 74,142,000 —————Total 2008.......................... 74,142,000

% Growth Rate (NPW)................................— % of Market (NPW).................................— Earned Loss Ratio.............................42.93 Total Expense Ratio ..........................40.95 Combined Loss & Exp. Ratio ............83.88 Return on Equity................................19.47

+$22,672,000 +$5,681,000

2006:

Net Claims and Adjusting Expenses $

+$36,705,000

Earned Loss Ratio %

D-US

74,142,000 —————74,142,000

2008 Direct Premiums Written: +$74,142,000 2008 Underwriting Performance Summary

27,774,000 —————27,774,000

37.46 ———37.46

Growth: 0.00%

% Growth Rate (NPW)................................— % of Market (NPW) .............................0.21 Earned Loss Ratio.............................37.46 Total Expense Ratio ..........................55.97 Combined Loss & Exp. Ratio ............93.43 Return on Equity..............................951.15

Reinsurance Assumed ...............................— Reinsurance Ceded....................................— Net Premiums Written ..................74,142,000 Net Premiums Earned..................74,142,000 Net Claims & Adj Exp...................27,774,000 Commissions ..............................................— Taxes .............................................2,368,000 General Expenses........................39,129,000 Undrwtg. Profit/Loss.......................4,969,000 Investment Income.........................4,047,000

Underwriting Result 2008: +$4,969,000

TD INSURANCE

B-C

SECURITY NATIONAL INSURANCE COMPANY PRIMMUM INSURANCE COMPANY TD GENERAL INSURANCE COMPANY TD DIRECT INSURANCE INC TD HOME AND AUTO INSURANCE COMPANY Alain Thibault, F.C.I.A., F.C.A.S., President and C.E.O. 50 Place Cremazie, 12th Floor Montreal PQ H2P 1B6 514-382-6060 Fax 514-385-2162 www.tdinsurance.com service@melochemonnex.com Prop. - Personal................. 438,726,000 408,235,000 Prop. - Commercial............ 9,000 9,000 Prop. - Total ....................... 438,735,000 408,244,000 Auto. - Liability ................... 649,279,000 649,333,000 Auto. - Pers. Acc................ 340,816,000 339,048,000 Auto. - Other ...................... 459,109,000 452,993,000 Auto. - Total ....................... 1,449,204,000 1,441,374,000 Liability............................... 6,844,000 6,844,000 ——————————Total 2008.......................... 1,894,783,000 1,856,462,000 Total 2007.......................... 1,836,013,000 1,785,568,000 Total 2006.......................... 1,764,389,000 1,709,401,000 Total 2005.......................... 1,641,273,000 1,601,475,000 Total 2004.......................... 1,473,622,000 1,316,576,000

2008 Direct Premiums Written: +$1,919,749,000 2008 Underwriting Performance Summary

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 Prop. - Commercial............ Prop. - Total ....................... Aircraft ............................... Auto. - Liability ................... Auto. - Total ....................... Boiler & Machinery ............ Credit ................................. Liability............................... Surety ................................ Marine................................ Accident & Sickness ..........

Net Premiums Written $

STEWART TITLE D-C GUARANTY COMPANY

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 Prop. - Personal................. Prop. - Commercial............ Prop. - Total ....................... Auto. - Liability ................... Auto. - Pers. Acc................ Auto. - Other ...................... Auto. - Total .......................

Class

2007: +$146,876,000 2004: +$10,572,000

Growth: +3.10%

2006: +$132,825,000

TIG INSURANCE COMPANY David Derksen, Chief Agent 717 Portage Ave., PO Box 5800 Winnipeg MB R3C 3C9 250-495-4784 Auto. - Liability ................... — Auto. - Total ....................... — Liability............................... — —————Total 2008.......................... — Total 2007.......................... —

— — — —————— —

2008 Underwriting Performance Summary Reinsurance Assumed ...............................— Reinsurance Ceded....................................— Net Premiums Written ................................— Net Premiums Earned ................................— Net Claims & Adj Exp......................–115,000 Commissions ..............................................— Taxes..........................................................— General Expenses.............................303,000 Undrwtg. Profit/Loss........................–188,000 Investment Income.........................1,638,000

Underwriting Result 2008: –$188,000

2007:

72.27 — 72.27 64.75 131.04 62.05 79.49 80.63 ———77.91 69.18 69.28 68.59 78.79

% Growth Rate (NPW) ............................3.20 % of Market (NPW) .............................5.37 Earned Loss Ratio.............................77.91 Total Expense Ratio ..........................21.86 Combined Loss & Exp. Ratio ............99.77 Return on Equity................................14.88

Reinsurance Assumed ...............................— Reinsurance Ceded .....................24,966,000 Net Premiums Written .............1,894,783,000 Net Premiums Earned.............1,856,462,000 Net Claims & Adj Exp..............1,446,334,000 Commissions..............................203,075,000 Taxes ...........................................59,183,000 General Expenses......................143,615,000 Undrwtg. Profit/Loss.......................4,555,000 Investment Income.....................174,274,000

Underwriting Result 2008: +$4,555,000 2005: +$165,344,000

295,020,000 — 295,020,000 420,424,000 444,283,000 281,089,000 1,145,796,000 5,518,000 —————1,446,334,000 1,235,290,000 1,184,355,000 1,098,485,000 1,037,348,000

B-US 118,000 118,000 –233,000 —————–115,000 1,168,000

— — — ———— —

% Growth Rate (NPW)................................— % of Market (NPW).................................— Earned Loss Ratio ..................................— Total Expense Ratio ...............................— Combined Loss & Exp. Ratio..................— Return on Equity..................................5.50

–$1,584,000

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TOKIO MARINE & NICHIDO FIRE INSURANCE CO., LTD.

Total 2008.......................... Total 2007.......................... Total 2006.......................... Total 2005.......................... Total 2004..........................

195,000 9,839,000 10,034,000 9,541,000 2,372,000 1,791,000 1,133,000 5,296,000 221,000 120,000 3,047,000 1,105,000 —————29,364,000 25,556,000 27,195,000 28,340,000 28,106,000

204,000 9,643,000 9,847,000 8,159,000 2,424,000 1,907,000 1,117,000 5,448,000 178,000 121,000 2,959,000 1,072,000 —————27,784,000 26,736,000 27,982,000 26,220,000 26,211,000

2008 Direct Premiums Written: +$22,611,000

156,000 3,788,000 3,944,000 5,963,000 2,024,000 238,000 1,964,000 4,226,000 –3,000 15,000 5,784,000 250,000 —————20,179,000 26,980,000 13,328,000 14,732,000 9,102,000

76.47 39.28 40.05 73.08 83.50 12.48 175.83 77.57 –1.69 12.40 195.47 23.32 ———72.63 100.91 47.63 56.19 34.73

Growth: +12.61%

2008 Underwriting Performance Summary % Growth Rate (NPW) ..........................14.90 % of Market (NPW) .............................0.08 Earned Loss Ratio.............................72.63 Total Expense Ratio ..........................34.17 Combined Loss & Exp. Ratio ..........106.80 Return on Equity..................................2.71

Reinsurance Assumed .................11,341,000 Reinsurance Ceded .......................4,588,000 Net Premiums Written ..................29,364,000 Net Premiums Earned..................27,784,000 Net Claims & Adj Exp...................20,179,000 Commissions..................................3,949,000 Taxes ................................................736,000 General Expenses..........................4,809,000 Undrwtg. Profit/Loss.....................–1,889,000 Investment Income.........................2,722,000

Underwriting Result 2008: –$1,889,000 2005: +$2,157,000

2007: 2004:

–$9,507,000 +$8,134,000

2006:

+$5,136,000

B-C

George Petropoulos, President & CEO 20 Queen St W, Suite 300 PO Box 6 Toronto ON M5H 3R3 416-360-8183 Fax 416-360-8267 www.travelersguarantee.com comments@travelersguarantee.com

Total 2008.......................... Total 2007.......................... Total 2006.......................... Total 2005.......................... Total 2004..........................

2,000 — 2,000 12,109,000 –1,000 8,359,000 35,935,000 88,193,000 19,000 —————144,616,000 155,275,000 145,993,000 142,825,000 151,839,000

2,000 — 2,000 18,535,000 –1,000 8,872,000 33,211,000 80,948,000 19,000 —————141,586,000 138,951,000 139,756,000 130,281,000 127,014,000

Net Premiums Earned $

Robert Taylor, C.E.O. Michael George, President & C.O.O. 70 York St Suite 1100 Toronto ON M5J 1S9 416-214-2555 www.trisura.com Prop. - Commercial............ 9,000 Prop. - Total ....................... 9,000 Boiler & Machinery ............ 4,578,000 Fidelity ............................... 1,064,000 Liability............................... 6,042,000 Surety ................................ 10,464,000 —————Total 2008.......................... 22,157,000 Total 2007.......................... 11,443,000

4,000 4,000 1,792,000 746,000 4,031,000 9,147,000 —————15,720,000 8,672,000

2008 Direct Premiums Written: +$30,244,000 2008 Underwriting Performance Summary Reinsurance Assumed ......................177,000 Reinsurance Ceded .......................8,434,000 Net Premiums Written ..................22,157,000 Net Premiums Earned..................15,720,000 Net Claims & Adj Exp.....................4,420,000 Commissions..................................3,257,000 Taxes ................................................700,000 General Expenses..........................7,661,000 Undrwtg. Profit/Loss..........................188,000 Investment Income..........................–750,000

Net Claims and Adjusting Expenses $

Underwriting Result 2008: +$188,000

2007:

— 6,000 6,000 10,108,000 –228,000 9,873,000 4,705,000 19,646,000 137,000 —————44,247,000 39,601,000 58,569,000 59,136,000 71,549,000

2008 Direct Premiums Written: +$174,295,000

— — 300.00 54.53 22,800.00 111.28 14.17 24.27 721.05 ———31.25 28.50 41.91 45.39 56.33

Earned Loss Ratio %

B-C

— — 523,000 292,000 1,478,000 2,127,000 —————4,420,000 4,008,000

— — 29.19 39.14 36.67 23.25 ———28.12 46.22

Growth: +71.76%

% Growth Rate (NPW) ..........................93.63 % of Market (NPW) .............................0.06 Earned Loss Ratio.............................28.12 Total Expense Ratio ..........................73.91 Combined Loss & Exp. Ratio ..........102.03 Return on Equity................................–1.37

–$2,614,000

TRITON INSURANCE Henryka Anderson, Chief Agent 355 Wellington St London ON N6A 3N7 519-680-4738 Fax 866-897-8985 Prop. - Personal................. 56,059,000 Prop. - Total ....................... 56,059,000 Fidelity ............................... 3,000 Accident & Sickness .......... 110,800,000 —————Total 2008.......................... 166,862,000

D-F

6,647,000 6,647,000 3,000 19,105,000 —————25,755,000

2008 Direct Premiums Written: +$37,870,000 2008 Underwriting Performance Summary

TRAVELERS GUARANTEE COMPANY OF CANADA

Prop. - Personal................. Prop. - Commercial............ Prop. - Total ....................... Boiler & Machinery ............ Credit ................................. Fidelity ............................... Liability............................... Surety ................................ Title ....................................

Net Premiums Written $

TRISURA GUARANTEE B-F INSURANCE COMPANY

Richard N. Patina, Chief Agent 105 Adelaide St. W., P.O. Box 219A Toronto ON M5H 1P9 416-350-4400 Fax 416-350-4412

Prop. - Personal................. Prop. - Commercial............ Prop. - Total ....................... Aircraft ............................... Auto. - Liability ................... Auto. - Pers. Acc................ Auto. - Other ...................... Auto. - Total ....................... Boiler & Machinery ............ Fidelity ............................... Liability............................... Marine................................

Class

Reinsurance Assumed ...............137,359,000 Reinsurance Ceded .......................8,367,000 Net Premiums Written ................166,862,000 Net Premiums Earned..................25,755,000 Net Claims & Adj Exp.....................4,749,000 Commissions..................................6,434,000 Taxes ................................................945,000 General Expenses..........................6,485,000 Undrwtg. Profit/Loss.......................7,142,000 Investment Income.........................3,643,000

710,000 710,000 3,000 4,036,000 —————4,749,000

10.68 10.68 100.00 21.13 ———18.44

Growth: 0.00%

% Growth Rate (NPW)................................— % of Market (NPW) .............................0.47 Earned Loss Ratio.............................18.44 Total Expense Ratio ..........................53.83 Combined Loss & Exp. Ratio ............72.27 Return on Equity..................................5.46

Underwriting Result 2008: +$7,142,000

Growth: –7.53%

2008 Underwriting Performance Summary Reinsurance Assumed .................11,267,000 Reinsurance Ceded .....................40,984,000 Net Premiums Written ................144,616,000 Net Premiums Earned................141,586,000 Net Claims & Adj Exp...................44,247,000 Commissions................................25,155,000 Taxes .............................................6,161,000 General Expenses........................27,140,000 Undrwtg. Profit/Loss.....................41,689,000 Investment Income.......................20,169,000

Underwriting Result 2008: +$41,689,000 2005: +$23,366,000

2007: 2004:

% Growth Rate (NPW) ..........................–6.86 % of Market (NPW) .............................0.41 Earned Loss Ratio.............................31.25 Total Expense Ratio ..........................41.29 Combined Loss & Exp. Ratio ............72.54 Return on Equity................................16.55

+$43,384,000 +$11,153,000

2006:

+$31,936,000 CANADIAN UNDERWRITER STATISTICAL ISSUE 2009

115


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Net Premiums Written $

10:27 AM

Net Premiums Earned $

Page 116

Net Claims and Adjusting Expenses $

Earned Loss Ratio %

Class

Net Premiums Written $

Net Premiums Earned $

Net Claims and Adjusting Expenses $

THE WAWANESA MUTUAL INSURANCE COMPANY B-C Jean Tardif, President et chef de l'exploitation 925 Grand Allee Ouest Quebec PQ G1S 1C1 418-683-2711 Fax 418-688-9684 jeantardif@lunique.qc.ca Prop. - Personal................. Prop. - Commercial............ Prop. - Total ....................... Auto. - Liability ................... Auto. - Pers. Acc................ Auto. - Other ...................... Auto. - Total ....................... Liability............................... Surety ................................ Total 2008.......................... Total 2007.......................... Total 2006.......................... Total 2005.......................... Total 2004..........................

21,839,000 8,593,000 30,432,000 20,186,000 467,000 29,000,000 49,653,000 2,345,000 9,450,000 —————91,880,000 77,671,000 66,112,000 57,127,000 64,568,000

18,909,000 6,769,000 25,678,000 18,488,000 419,000 26,490,000 45,397,000 1,154,000 5,634,000 —————77,863,000 68,474,000 61,484,000 58,162,000 57,498,000

2008 Direct Premiums Written: +$96,971,000

13,774,000 3,685,000 17,459,000 8,742,000 93,000 17,203,000 26,038,000 12,000 1,386,000 —————44,895,000 36,967,000 35,889,000 34,527,000 30,998,000

72.84 54.44 67.99 47.28 22.20 64.94 57.36 1.04 24.60 ———57.66 53.99 58.37 59.36 53.91

Growth: +19.09%

2008 Underwriting Performance Summary % Growth Rate (NPW) ..........................18.29 % of Market (NPW) .............................0.26 Earned Loss Ratio.............................57.66 Total Expense Ratio ..........................41.15 Combined Loss & Exp. Ratio ............98.81 Return on Equity................................10.76

Reinsurance Assumed ......................373,000 Reinsurance Ceded .......................5,464,000 Net Premiums Written ..................91,880,000 Net Premiums Earned..................77,863,000 Net Claims & Adj Exp...................44,895,000 Commissions................................15,237,000 Taxes .............................................2,763,000 General Expenses........................14,043,000 Undrwtg. Profit/Loss.......................2,889,000 Investment Income.........................3,362,000

Underwriting Result 2008: +$2,889,000 2005: +$4,114,000

2007: 2004:

+$5,151,000 +$8,730,000

2006:

+$2,265,000

UTICA MUTUAL INSURANCE COMPANY LIMITED

B-US

Colleen Sexsmith, Chief Agent 1145 Nicholson Rd., Unit 2 Newmarket ON L3Y 9C3 905-853-0858 Fax 905-853-0183 Liability............................... Total 2008.......................... Total 2007.......................... Total 2006.......................... Total 2005.......................... Total 2004..........................

–4,000 —————–4,000 7,000 285,000 2,076,000 2,159,000

–38,000 —————–38,000 –309,000 443,000 1,331,000 1,240,000

2008 Direct Premiums Written: +$2,000

950.00 ———950.00 –4,414.29 155.44 64.11 57.43

Growth: 0.00%

Prop. - Personal................. Prop. - Commercial............ Prop. - Total ....................... Auto. - Liability ................... Auto. - Pers. Acc................ Auto. - Other ...................... Auto. - Total ....................... Boiler & Machinery ............ Liability............................... Total 2008.......................... Total 2007.......................... Total 2006.......................... Total 2005.......................... Total 2004..........................

450,608,000 159,055,000 609,663,000 451,138,000 139,353,000 384,154,000 974,645,000 — 30,196,000 —————1,614,504,000 1,466,192,000 1,417,045,000 1,369,448,000 1,244,159,000

Reinsurance Assumed ...............................— Reinsurance Ceded ..............................6,000 Net Premiums Written .........................–4,000 Net Premiums Earned.........................–4,000 Net Claims & Adj Exp........................–38,000 Commissions ..............................................— Taxes..........................................................— General Expenses.............................178,000 Undrwtg. Profit/Loss........................–144,000 Investment Income............................261,000

Underwriting Result 2008: –$144,000 2005: +$336,000

116

2007: 2004:

+$103,000 +$305,000

2006:

–$379,000

428,182,000 156,225,000 584,407,000 441,673,000 137,246,000 368,230,000 947,149,000 — 29,802,000 —————1,561,358,000 1,439,624,000 1,374,215,000 1,317,499,000 1,208,393,000

333,745,000 118,317,000 452,062,000 380,376,000 119,334,000 276,121,000 775,831,000 –4,000 15,386,000 —————1,243,275,000 1,066,566,000 940,307,000 932,125,000 788,934,000

2008 Direct Premiums Written: +$1,585,032,000

77.94 75.74 77.35 86.12 86.95 74.99 81.91 — 51.63 ———79.63 74.09 68.43 70.75 65.29

Growth: +5.64%

2008 Underwriting Performance Summary % Growth Rate (NPW) ..........................10.12 % of Market (NPW) .............................4.57 Earned Loss Ratio.............................79.63 Total Expense Ratio ..........................26.87 Combined Loss & Exp. Ratio ..........106.50 Return on Equity..................................1.04

Reinsurance Assumed ...............................— Reinsurance Ceded .....................30,885,000 Net Premiums Written .............1,614,504,000 Net Premiums Earned.............1,561,358,000 Net Claims & Adj Exp..............1,243,275,000 Commissions..............................247,932,000 Taxes ...........................................51,032,000 General Expenses......................120,581,000 Undrwtg. Profit/Loss...................–84,406,000 Investment Income.......................83,464,000

Underwriting Result 2008: –$84,406,000 2005: +$16,173,000

2007: –$45,006,000 2004: +$116,991,000

2006:

+$49,222,000

VIRGINIA SURETY COMPANY INC.

D-US

V. Lorraine Williams, Chief Agent 3650 Victoria Park Ave. Suite 201 Toronto ON M2H 3P7 416-496-1148 Fax 416-496-1089

Total 2008.......................... Total 2007.......................... Total 2006.......................... Total 2005.......................... Total 2004..........................

406,000 7,804,000 —————8,210,000 95,000 272,000 312,000 1,037,000

–13,000 397,000 —————384,000 580,000 481,000 703,000 1,196,000

2008 Direct Premiums Written: +$1,801,000

6,000 173,000 —————179,000 495,000 472,000 503,000 853,000

–46.15 43.58 ———46.61 85.34 98.13 71.55 71.32

Growth: +1,776.04%

2008 Underwriting Performance Summary

2008 Underwriting Performance Summary % Growth Rate (NPW) ......................–157.14 % of Market (NPW) ...........................–0.00 Earned Loss Ratio...........................950.00 Total Expense Ratio ...................–4,450.00 Combined Loss & Exp. Ratio .....–3,500.00 Return on Equity..................................2.93

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

Boiler & Machinery ............ Liability............................... –4,000 —————–4,000 7,000 –13,000 1,282,000 2,241,000

Earned Loss Ratio %

Reinsurance Assumed ...................6,409,000 Reinsurance Ceded....................................— Net Premiums Written ....................8,210,000 Net Premiums Earned.......................384,000 Net Claims & Adj Exp........................179,000 Commissions.....................................–11,000 Taxes ....................................................2,000 General Expenses.............................286,000 Undrwtg. Profit/Loss............................54,000 Investment Income............................915,000

Underwriting Result 2008: +$54,000 2005: +$70,000

2007: 2004:

% Growth Rate (NPW) .....................8,542.11 % of Market (NPW) .............................0.02 Earned Loss Ratio.............................46.61 Total Expense Ratio ..........................72.14 Combined Loss & Exp. Ratio ..........118.75 Return on Equity..................................2.76

+$230,000 +$285,000

2006:

–$513,000

canadianunderwriter.ca CANADIAN UNDERWRITER STATISTICAL ISSUE 2009


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1:26 PM

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A Full Line of Products to Help Grow Your Business As one of the largest property and casualty insurers in Canada, Wawanesa Insurance has the breadth of products to meet your customers’ diverse and ever-changing needs. With our outstanding claims service, policyholders become customers for life.

www.wawanesa.com

Auto – Home – Business – Farm – Life and Group


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Net Premiums Written $

10:28 AM

Net Premiums Earned $

Page 118

Net Claims and Adjusting Expenses $

Earned Loss Ratio %

WESTERN SURETY COMPANY

Total 2008.......................... Total 2007.......................... Total 2006.......................... Total 2005.......................... Total 2004..........................

7,000 10,681,000 —————10,688,000 10,307,000 10,104,000 8,640,000 7,462,000

8,000 10,610,000 —————10,618,000 10,219,000 9,102,000 7,943,000 6,966,000

— 1,197,000 —————1,197,000 –18,000 231,000 1,056,000 2,594,000

— 11.28 ———11.27 –0.18 2.54 13.29 37.24

Growth: +4.11%

2008 Underwriting Performance Summary % Growth Rate (NPW) ............................3.70 % of Market (NPW) .............................0.03 Earned Loss Ratio.............................11.27 Total Expense Ratio ..........................75.75 Combined Loss & Exp. Ratio ............87.02 Return on Equity..................................4.90

Reinsurance Assumed ......................230,000 Reinsurance Ceded .......................7,744,000 Net Premiums Written ..................10,688,000 Net Premiums Earned..................10,618,000 Net Claims & Adj Exp.....................1,197,000 Commissions..................................6,136,000 Taxes ................................................395,000 General Expenses..........................1,512,000 Undrwtg. Profit/Loss.......................1,378,000 Investment Income..........................–551,000

2007: 2004:

Net Claims and Adjusting Expenses $

+$2,127,000 –$872,000

2006:

+$1,759,000

Robert Alexander, Chief Agent Cindy Guyatt, Country Manager 100 Yonge St, Suite 1802 Toronto ON M5C 2W1 416-928-8561 Fax 416-928-8858 www.xlinsurance Prop. - Commercial............ Prop. - Total ....................... Aircraft ............................... Auto. - Liability ................... Auto. - Total ....................... Boiler & Machinery ............ Liability............................... Total 2008.......................... Total 2007.......................... Total 2006.......................... Total 2005.......................... Total 2004..........................

8,483,000 8,483,000 1,462,000 114,000 114,000 7,903,000 74,776,000 —————92,738,000 100,801,000 79,130,000 81,215,000 73,445,000

7,424,000 7,424,000 602,000 188,000 188,000 4,542,000 73,661,000 —————86,417,000 86,520,000 82,207,000 71,796,000 46,132,000

–436,000 –436,000 462,000 588,000 588,000 4,513,000 44,214,000 —————49,341,000 34,278,000 47,423,000 27,430,000 24,958,000

2008 Direct Premiums Written: +$113,637,000

Growth: –1.98%

% Growth Rate (NPW) ..........................–8.00 % of Market (NPW) .............................0.26 Earned Loss Ratio.............................57.10 Total Expense Ratio ..........................31.40 Combined Loss & Exp. Ratio ............88.50 Return on Equity..................................9.48

Reinsurance Assumed ........................–4,000 Reinsurance Ceded .....................20,895,000 Net Premiums Written ..................92,738,000 Net Premiums Earned..................86,417,000 Net Claims & Adj Exp...................49,341,000 Commissions..................................8,949,000 Taxes .............................................3,536,000 General Expenses........................14,647,000 Undrwtg. Profit/Loss.......................9,971,000 Investment Income.......................12,095,000

2007: 2004:

+$26,342,000 +$6,587,000

2006:

ZURICH CANADA

B-C Jean Tardif, President 7120 Hurontario St, Suite 400 Mississauga ON L5W 0B2 905-677-9777 Fax 905-795-0887

Total 2008.......................... Total 2007.......................... Total 2006.......................... Total 2005.......................... Total 2004..........................

11,431,000 2,155,000 13,586,000 24,165,000 23,373,000 14,069,000 61,607,000 2,484,000 —————77,677,000 43,468,000 71,520,000 82,605,000 73,305,000

7,084,000 1,217,000 8,301,000 15,908,000 15,608,000 9,601,000 41,117,000 1,317,000 —————50,735,000 50,738,000 74,719,000 83,144,000 63,385,000

2008 Direct Premiums Written: +$97,986,000

6,443,000 277,000 6,720,000 13,585,000 26,975,000 7,622,000 48,182,000 1,139,000 —————56,041,000 34,524,000 53,453,000 57,610,000 50,001,000

90.95 22.76 80.95 85.40 172.83 79.39 117.18 86.48 ———110.46 68.04 71.54 69.29 78.88

Growth: –19.74%

2008 Underwriting Performance Summary Reinsurance Assumed ...............................— Reinsurance Ceded .....................20,309,000 Net Premiums Written ..................77,677,000 Net Premiums Earned..................50,735,000 Net Claims & Adj Exp...................56,041,000 Commissions..................................7,946,000 Taxes .............................................3,323,000 General Expenses........................23,591,000 Undrwtg. Profit/Loss...................–37,833,000 Investment Income.........................1,078,000

Underwriting Result 2008: –$37,833,000 2005: +$7,546,000 118

2007: 2004:

–5.87 –5.87 76.74 312.77 312.77 99.36 60.02 ———57.10 39.62 57.69 38.21 54.10

2008 Underwriting Performance Summary

Underwriting Result 2008: +$9,971,000 2005: +$24,857,000

Prop. - Personal................. Prop. - Commercial............ Prop. - Total ....................... Auto. - Liability ................... Auto. - Pers. Acc................ Auto. - Other ...................... Auto. - Total ....................... Liability...............................

Earned Loss Ratio %

B-UK

2008 Direct Premiums Written: +$18,202,000

Underwriting Result 2008: +$1,378,000 2005: +$730,000

Net Premiums Earned $

D-C

Scott W Donald, President P.O. Box 527, 2000-1874 Scarth St. Regina SK S4P 2G8 306-791-3735 Fax 306-359-0929 www.westernsurety.ca sdonald@westernsurety.ca Fidelity ............................... Surety ................................

Net Premiums Written $

Class

+$11,943,000

B-F

Alister Campbell, President & C.E.O. 400 University Ave. Toronto ON M5G 1S7 416-586-3000 Fax 416-586-2990 www.zurichcanada.com Prop. - Personal................. Prop. - Commercial............ Prop. - Total ....................... Aircraft ............................... Auto. - Liability ................... Auto. - Pers. Acc................ Auto. - Other ...................... Auto. - Total ....................... Boiler & Machinery ............ Credit ................................. Fidelity ............................... Liability............................... Surety ................................ Marine................................ Total 2008.......................... Total 2007.......................... Total 2006.......................... Total 2005.......................... Total 2004..........................

— 215,268,000 215,268,000 — 111,169,000 16,657,000 64,465,000 192,291,000 14,526,000 — 1,868,000 191,033,000 7,000 158,000 —————615,151,000 659,155,000 676,598,000 665,400,000 598,631,000

— 211,594,000 211,594,000 — 114,795,000 16,510,000 65,967,000 197,272,000 16,425,000 — 2,099,000 183,703,000 8,000 81,000 —————611,182,000 671,462,000 664,144,000 622,286,000 530,885,000

25,000 — 131,121,000 61.97 131,146,000 61.98 272,000 — 114,348,000 99.61 30,724,000 186.09 39,906,000 60.49 184,978,000 93.77 11,271,000 68.62 –271,000 — 756,000 36.02 80,481,000 43.81 –808,000 –10,100.00 33,000 40.74 ————————407,858,000 66.73 484,463,000 72.15 453,551,000 68.29 436,000,000 70.06 354,589,000 66.79

2008 Direct Premiums Written: +$863,865,000

Growth: –6.98%

2008 Underwriting Performance Summary % Growth Rate (NPW) ..........................78.70 % of Market (NPW) .............................0.22 Earned Loss Ratio...........................110.46 Total Expense Ratio ..........................68.71 Combined Loss & Exp. Ratio ..........179.17 Return on Equity..............................–53.66

–$3,690,000 +$2,391,000

2006:

–$163,000

Reinsurance Assumed .................30,990,000 Reinsurance Ceded ...................279,704,000 Net Premiums Written ................615,151,000 Net Premiums Earned................611,182,000 Net Claims & Adj Exp.................407,858,000 Commissions................................65,160,000 Taxes ...........................................30,014,000 General Expenses........................80,022,000 Undrwtg. Profit/Loss.....................31,687,000 Investment Income.......................82,808,000

Underwriting Result 2008: +$31,687,000 2005: +$34,757,000

2007: 2004:

% Growth Rate (NPW) ..........................–6.68 % of Market (NPW) .............................1.74 Earned Loss Ratio.............................66.73 Total Expense Ratio ..........................28.67 Combined Loss & Exp. Ratio ............95.40 Return on Equity................................13.60

+$12,201,000 +$45,796,000

2006:

+$46,503,000

canadianunderwriter.ca CANADIAN UNDERWRITER STATISTICAL ISSUE 2009


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Insurance Risk Management

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2008 REINSURANCE COMPANIES RESULTS Class

Net Premiums Written $

Net Premiums Earned $

Net Claims and Adjusting Expenses $

Earned Loss Ratio %

ALEA EUROPE LTD

Total 2008.......................... Total 2007.......................... Total 2006.......................... Total 2005.......................... Total 2004..........................

Net Premiums Earned $

Net Claims and Adjusting Expenses $

Earned Loss Ratio %

R-F

Carol Desbiens, Chief Agent For Canada 1800 McGill College, Suite 2000 Montreal PQ H3A 3J6 514-842-9262 Fax 514-842-9254

33,000 — 33,000 88,000 88,000 3,000 — —————124,000 155,000 –67,000 127,000 –368,000

33,000 — 33,000 88,000 88,000 5,000 — —————126,000 160,000 –68,000 150,000 814,000

116,000 –1,278,000 –1,162,000 801,000 801,000 1,046,000 1,000 —————686,000 –923,000 –1,100,000 –3,870,000 6,061,000

351.52 — –3,521.21 910.23 910.23 20,920.00 — ———544.44 –576.88 1,617.65 –2,580.00 744.59

2008 Underwriting Performance Summary % Growth Rate (NPW) ........................–20.00 % of Market (NPW) .............................0.00 Earned Loss Ratio...........................544.44 Total Expense Ratio ........................409.52 Combined Loss & Exp. Ratio ..........953.96 Return on Equity..................................5.28

Reinsurance Assumed ......................124,000 Reinsurance Ceded....................................— Net Premiums Written .......................124,000 Net Premiums Earned.......................126,000 Net Claims & Adj Exp........................686,000 Commissions.......................................37,000 Taxes..........................................................— General Expenses.............................479,000 Undrwtg. Profit/Loss.....................–1,076,000 Investment Income.........................1,427,000

Underwriting Result 2008: –$1,076,000 2005: +$3,265,000

Net Premiums Written $

R-F AXA RE

H. Steven Frye, Chief Agent 200 University Ave, 14th Floor Toronto ON M5H 3C6 416-366-3012 Fax 416-368-0886 sfrye@cooksonwalker.on.ca Prop. - Personal................. Prop. - Commercial............ Prop. - Total ....................... Auto. - Liability ................... Auto. - Total ....................... Liability............................... Surety ................................

Class

2007: 2004:

+$600,000 –$6,005,000

2006:

+$630,000

Prop. - Commercial............ Prop. - Total ....................... Aircraft ............................... Auto. - Liability ................... Auto. - Total ....................... Fidelity ............................... Hail .................................... Liability............................... Surety ................................ Marine................................ Total 2008.......................... Total 2007.......................... Total 2006.......................... Total 2005.......................... Total 2004..........................

— — — — — — — — — — —————— — –23,055,000 139,697,000 177,116,000

— — — — — — — — — — —————— — 29,000 158,440,000 178,839,000

–64,000 –64,000 –19,000 12,851,000 12,851,000 23,000 –176,000 1,806,000 83,000 896,000 —————15,400,000 –1,110,000 11,910,000 138,836,000 126,407,000

2008 Underwriting Performance Summary % Growth Rate (NPW)................................— % of Market (NPW).................................— Earned Loss Ratio ..................................— Total Expense Ratio ...............................— Combined Loss & Exp. Ratio..................— Return on Equity................................–8.05

Reinsurance Assumed ....................–333,000 Reinsurance Ceded ........................–333,000 Net Premiums Written ................................— Net Premiums Earned ................................— Net Claims & Adj Exp...................15,400,000 Commissions ..............................................— Taxes..........................................................— General Expenses..........................1,577,000 Undrwtg. Profit/Loss...................–16,977,000 Investment Income.......................22,164,000

Underwriting Result 2008: –$16,977,000 2005: –$24,514,000

2007: 2004:

+$197,000 +$12,001,000

2006:

–$15,720,000

CAISSE CENTRALE DE REASSURANCE AMERICAN AGRICULTURAL INSURANCE COMPANY

R-US

V.L. Williams, Chief Agent For Canada c/o D.M. Willaims & Associates Ltd. 3650 Victoria Park Ave., Suite 201 Toronto ON M2H 3P7 416-496-1148 Fax 416-496-1089 Prop. - Personal................. Prop. - Commercial............ Prop. - Total ....................... Auto. - Liability ................... Auto. - Other ...................... Auto. - Total ....................... Boiler & Machinery ............ Hail .................................... Liability............................... Marine................................ Total 2008.......................... Total 2007.......................... Total 2006.......................... Total 2005.......................... Total 2004..........................

548,000 7,556,000 8,104,000 116,000 44,000 160,000 23,000 873,000 — 10,000 —————9,170,000 11,058,000 11,272,000 14,257,000 14,236,000

445,000 7,893,000 8,338,000 116,000 44,000 160,000 38,000 873,000 — 10,000 —————9,419,000 11,149,000 11,580,000 14,098,000 13,902,000

235,000 3,107,000 3,342,000 229,000 –15,000 214,000 — 878,000 –25,000 11,000 —————4,420,000 6,687,000 2,867,000 13,562,000 7,179,000

52.81 39.36 40.08 197.41 –34.09 133.75 — 100.57 — 110.00 ———46.93 59.98 24.76 96.20 51.64

2008 Underwriting Performance Summary Reinsurance Assumed .................13,850,000 Reinsurance Ceded .......................4,680,000 Net Premiums Written ....................9,170,000 Net Premiums Earned....................9,419,000 Net Claims & Adj Exp.....................4,420,000 Commissions..................................1,655,000 Taxes..........................................................— General Expenses.............................544,000 Undrwtg. Profit/Loss.......................2,800,000 Investment Income.........................1,941,000

Underwriting Result 2008: +$2,800,000 2005: –$2,659,000 120

2007: 2004:

% Growth Rate (NPW) ........................–17.07 % of Market (NPW) .............................0.03 Earned Loss Ratio.............................46.93 Total Expense Ratio ..........................23.35 Combined Loss & Exp. Ratio ............70.28 Return on Equity................................12.36

+$2,161,000 +$4,118,000

2006:

+$6,140,000

— — — — — — — — — — ———— — 41,068.97 87.63 70.68

R-F

Jacques Mailloux, Chief Agent Andre Fredette, Vice-President & General Manager 1080 Cote du Beaver Hall Bureau 1900 Montreal PQ H2Z 1S8 514-878-2600 Fax 514-866-6860 www.ccr.fr jmailloux@jdl.ca Prop. - Personal................. Prop. - Commercial............ Prop. - Total ....................... Aircraft ............................... Auto. - Liability ................... Auto. - Pers. Acc................ Auto. - Other ...................... Auto. - Total ....................... Boiler & Machinery ............ Fidelity ............................... Liability............................... Surety ................................ Total 2008.......................... Total 2007.......................... Total 2006.......................... Total 2005.......................... Total 2004..........................

4,696,000 9,389,000 14,085,000 726,000 3,226,000 897,000 1,748,000 5,871,000 81,000 204,000 17,552,000 1,034,000 —————39,553,000 40,393,000 44,494,000 47,318,000 54,234,000

4,105,000 9,269,000 13,374,000 649,000 3,668,000 926,000 1,844,000 6,438,000 81,000 204,000 18,835,000 949,000 —————40,530,000 41,032,000 43,336,000 47,623,000 53,917,000

2,853,000 6,927,000 9,780,000 396,000 3,988,000 2,281,000 1,137,000 7,406,000 –14,000 –3,000 13,949,000 63,000 —————31,577,000 25,565,000 25,694,000 29,056,000 36,876,000

69.50 74.73 73.13 61.02 108.72 246.33 61.66 115.04 –17.28 –1.47 74.06 6.64 ———77.91 62.31 59.29 61.01 68.39

2008 Underwriting Performance Summary Reinsurance Assumed .................41,652,000 Reinsurance Ceded .......................2,099,000 Net Premiums Written ..................39,553,000 Net Premiums Earned..................40,530,000 Net Claims & Adj Exp...................31,577,000 Commissions................................10,677,000 Taxes ..................................................21,000 General Expenses..........................2,628,000 Undrwtg. Profit/Loss.....................–4,373,000 Investment Income.......................11,492,000

Underwriting Result 2008: –$4,373,000 2005: +$2,595,000

2007: 2004:

% Growth Rate (NPW) ..........................–2.08 % of Market (NPW) .............................0.11 Earned Loss Ratio.............................77.91 Total Expense Ratio ..........................32.88 Combined Loss & Exp. Ratio ..........110.79 Return on Equity................................11.68

+$1,327,000 +$274,000

2006:

+$2,393,000

canadianunderwriter.ca CANADIAN UNDERWRITER STATISTICAL ISSUE 2009


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Net Premiums Written $

Net Premiums Earned $

Net Claims and Adjusting Expenses $

Earned Loss Ratio %

EVEREST REINSURANCE COMPANY R-US GENERAL REINSURANCE William G. Jonas, Chief Agent CORPORATION The Exchange Tower, P.O. Box 431 130 King St. W., Suite 2520 Toronto ON M5X 1E3 416-862-1228 Fax 416-366-5899 Prop. - Personal................. Prop. - Commercial............ Prop. - Total ....................... Aircraft ............................... Auto. - Liability ................... Auto. - Other ...................... Auto. - Total ....................... Boiler & Machinery ............ Credit ................................. Fidelity ............................... Hail .................................... Liability............................... Surety ................................ Marine................................ Accident & Sickness .......... Total 2008.......................... Total 2007.......................... Total 2006.......................... Total 2005.......................... Total 2004..........................

6,684,000 27,680,000 34,364,000 1,054,000 19,369,000 1,979,000 21,348,000 555,000 — 358,000 — 37,271,000 4,410,000 570,000 1,539,000 —————101,469,000 142,971,000 157,255,000 145,108,000 129,205,000

6,846,000 32,096,000 38,942,000 1,124,000 20,602,000 1,976,000 22,578,000 582,000 — 364,000 — 40,969,000 4,122,000 874,000 1,539,000 —————111,094,000 152,271,000 154,518,000 141,131,000 130,865,000

2,667,000 21,770,000 24,437,000 1,029,000 17,660,000 785,000 18,445,000 233,000 –17,000 101,000 –16,000 40,937,000 1,386,000 –47,000 186,000 —————86,674,000 69,387,000 87,930,000 106,715,000 82,240,000

38.96 67.83 62.75 91.55 85.72 39.73 81.69 40.03 — 27.75 — 99.92 33.62 –5.38 12.09 ———78.02 45.57 56.91 75.61 62.84

2008 Underwriting Performance Summary Reinsurance Assumed ...............156,804,000 Reinsurance Ceded .....................55,335,000 Net Premiums Written ................101,469,000 Net Premiums Earned................111,094,000 Net Claims & Adj Exp...................86,674,000 Commissions................................22,494,000 Taxes..........................................................— General Expenses..........................5,856,000 Undrwtg. Profit/Loss.....................–3,930,000 Investment Income.......................22,128,000

Underwriting Result 2008: –$3,930,000 2005: –$1,431,000

2007: 2004:

% Growth Rate (NPW) ........................–29.03 % of Market (NPW) .............................0.28 Earned Loss Ratio.............................78.02 Total Expense Ratio ..........................25.52 Combined Loss & Exp. Ratio ..........103.54 Return on Equity..................................8.25

+$42,638,000 +$15,059,000

2006:

+$26,110,000

HANNOVER RUCKVERSICHERUNG AG

Total 2008.......................... Total 2007.......................... Total 2006.......................... Total 2005.......................... Total 2004..........................

43,816,000 43,816,000 170,000 13,829,000 13,829,000 1,528,000 663,000 709,000 21,198,000 11,396,000 80,000 — —————93,389,000 104,970,000 101,558,000 109,721,000 134,907,000

45,393,000 45,393,000 170,000 13,829,000 13,829,000 1,054,000 688,000 709,000 21,472,000 10,855,000 80,000 — —————94,250,000 102,708,000 100,953,000 113,016,000 142,661,000

25,908,000 25,908,000 –24,000 13,878,000 13,878,000 1,274,000 –88,000 835,000 22,860,000 3,503,000 134,000 33,000 —————68,313,000 60,342,000 47,294,000 74,736,000 95,490,000

57.07 57.07 –14.12 100.35 100.35 120.87 –12.79 117.77 106.46 32.27 167.50 — ———72.48 58.75 46.85 66.13 66.93

Underwriting Result 2008: +$3,478,000 2005: +$7,511,000 122

2007: 2004:

Total 2008.......................... Total 2007.......................... Total 2006.......................... Total 2005.......................... Total 2004..........................

1,555,000 22,900,000 24,455,000 2,003,000 5,387,000 — 590,000 5,977,000 72,000 –274,000 3,916,000 — 921,000 —————37,070,000 56,809,000 52,783,000 55,259,000 76,214,000

1,497,000 27,051,000 28,548,000 2,136,000 5,501,000 — 715,000 6,216,000 50,000 745,000 4,805,000 — 910,000 —————43,410,000 52,845,000 55,496,000 66,286,000 88,563,000

— 42,825,000 42,825,000 1,260,000 –4,760,000 2,705,000 –16,000 –2,071,000 20,000 –117,000 –9,562,000 –553,000 23,000 —————31,825,000 10,519,000 24,276,000 41,498,000 46,951,000

— 158.31 150.01 58.99 –86.53 — –2.24 –33.32 40.00 –15.70 –199.00 — 2.53 ———73.31 19.91 43.74 62.60 53.01

2008 Underwriting Performance Summary % Growth Rate (NPW) ........................–34.75 % of Market (NPW) .............................0.10 Earned Loss Ratio.............................73.31 Total Expense Ratio ..........................32.08 Combined Loss & Exp. Ratio ..........105.39 Return on Equity..................................5.98

Reinsurance Assumed .................37,070,000 Reinsurance Ceded....................................— Net Premiums Written ..................37,070,000 Net Premiums Earned..................43,410,000 Net Claims & Adj Exp...................31,825,000 Commissions..................................2,109,000 Taxes ..................................................77,000 General Expenses........................11,740,000 Undrwtg. Profit/Loss.....................–3,290,000 Investment Income.......................18,524,000

Underwriting Result 2008: –$3,290,000 2005: +$6,342,000

2007: 2004:

+$26,305,000 +$17,326,000

2006:

+$13,630,000

FARM MUTUAL REINSURANCE PLAN R-C G.S. (Steve) Smith, President 1305 Bishop St. N., P.O. Box 3428 Cambridge ON N3H 4T3 519-740-6415 Fax 519-740-8852 Prop. - Personal................. Prop. - Total ....................... Auto. - Liability ................... Auto. - Total ....................... Boiler & Machinery ............ Liability............................... Accident & Sickness .......... Total 2008.......................... Total 2007.......................... Total 2006.......................... Total 2005.......................... Total 2004..........................

89,872,000 89,872,000 36,845,000 36,845,000 –185,000 19,714,000 53,000 —————146,299,000 134,069,000 136,544,000 130,887,000 132,652,000

89,579,000 89,579,000 37,281,000 37,281,000 –185,000 19,721,000 53,000 —————146,449,000 136,119,000 137,709,000 130,494,000 134,205,000

85,513,000 85,513,000 63,052,000 63,052,000 4,000 38,516,000 140,000 —————187,225,000 153,904,000 119,897,000 120,297,000 105,233,000

95.46 95.46 169.13 169.13 –2.16 195.30 264.15 ———127.84 113.07 87.07 92.19 78.41

2008 Underwriting Performance Summary

2008 Underwriting Performance Summary Reinsurance Assumed ...............115,978,000 Reinsurance Ceded .....................22,589,000 Net Premiums Written ..................93,389,000 Net Premiums Earned..................94,250,000 Net Claims & Adj Exp...................68,313,000 Commissions................................19,803,000 Taxes..........................................................— General Expenses..........................2,656,000 Undrwtg. Profit/Loss.......................3,478,000 Investment Income.......................19,096,000

Prop. - Personal................. Prop. - Commercial............ Prop. - Total ....................... Aircraft ............................... Auto. - Liability ................... Auto. - Pers. Acc................ Auto. - Other ...................... Auto. - Total ....................... Boiler & Machinery ............ Fidelity ............................... Liability............................... Surety ................................ Marine................................

R-F

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 Prop. - Commercial............ Prop. - Total ....................... Aircraft ............................... Auto. - Liability ................... Auto. - Total ....................... Boiler & Machinery ............ Fidelity ............................... Hail .................................... Liability............................... Surety ................................ Marine................................ Accident & Sickness ..........

R-US

Matthew Spensieri, 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 mspensi@genre.com

% Growth Rate (NPW) ........................–11.03 % of Market (NPW) .............................0.26 Earned Loss Ratio.............................72.48 Total Expense Ratio ..........................23.83 Combined Loss & Exp. Ratio ............96.31 Return on Equity..................................8.30

+$17,501,000 +$15,002,000

2006:

+$24,096,000

Reinsurance Assumed ...............168,585,000 Reinsurance Ceded .....................22,286,000 Net Premiums Written ................146,299,000 Net Premiums Earned................146,449,000 Net Claims & Adj Exp.................187,225,000 Commissions................................16,050,000 Taxes..........................................................— General Expenses..........................9,528,000 Undrwtg. Profit/Loss...................–66,354,000 Investment Income.....................–26,451,000

Underwriting Result 2008: –$66,354,000 2005: –$13,746,000

2007: 2004:

% Growth Rate (NPW) ............................9.12 % of Market (NPW) .............................0.41 Earned Loss Ratio...........................127.84 Total Expense Ratio ..........................17.47 Combined Loss & Exp. Ratio ..........145.31 Return on Equity..............................–45.72

–$39,622,000 +$3,096,000

2006:

–$6,795,000

canadianunderwriter.ca CANADIAN UNDERWRITER STATISTICAL ISSUE 2009


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Bernie Maingot, V.P., Chief Agent 390 Bay St, 22nd Floor Toronto ON M5H 2Y2 416-681-6944 Fax 416-591-8830 www.munichreamerica.com

Colleen Sexsmith, Chief Agent 1145 Nicholson Rd., Unit 2 Newmarket ON L3Y 9C3 905-853-0858 Fax 905-853-0183 —————— –4,000 — –6,000

—————— –4,000 — –6,000

—————–398,000 — –277,000 3,000

———— — — –50.00

2008 Underwriting Performance Summary % Growth Rate (NPW)................................— % of Market (NPW).................................— Earned Loss Ratio ..................................— Total Expense Ratio ...............................— Combined Loss & Exp. Ratio..................— Return on Equity..................................2.01

Reinsurance Assumed ...............................— Reinsurance Ceded....................................— Net Premiums Written ................................— Net Premiums Earned ................................— Net Claims & Adj Exp .................................— Commissions ..............................................— Taxes..........................................................— General Expenses.............................153,000 Undrwtg. Profit/Loss........................–153,000 Investment Income............................144,000

Underwriting Result 2008: –$153,000 2005: +$132,000

Net Premiums Written $

2007: 2004:

+$246,000 –$163,000

Net Claims and Adjusting Expenses $

MUNICH REINSURANCE R-US AMERICA INC

THE INSURANCE CORPORATION OF NEW YORK

Total 2007.......................... Total 2006.......................... Total 2005.......................... Total 2004..........................

Class

2006:

–$168,000

Prop. - Personal................. Prop. - Commercial............ Prop. - Total ....................... Aircraft ............................... Auto. - Liability ................... Auto. - Pers. Acc................ Auto. - Other ...................... Auto. - Total ....................... Boiler & Machinery ............ Credit ................................. Fidelity ............................... Liability............................... Surety ................................ Marine................................ Accident & Sickness .......... Total 2008.......................... Total 2007.......................... Total 2006.......................... Total 2005.......................... Total 2004..........................

Earned Loss Ratio %

R-US Munich Re America Munich Re Group

168,000 4,339,000 4,507,000 — 3,916,000 –2,000 116,000 4,030,000 9,000 — — 2,034,000 4,058,000 206,000 — —————14,844,000 22,215,000 10,334,000 25,587,000 36,329,000

168,000 6,569,000 6,737,000 — 3,914,000 –2,000 116,000 4,028,000 9,000 — — 1,556,000 3,089,000 35,000 — —————15,454,000 18,676,000 10,660,000 29,813,000 37,140,000

–3,000 –1.79 2,510,000 38.21 2,507,000 37.21 –146,000 — 8,300,000 212.06 934,000 –46,700.00 20,000 17.24 9,254,000 229.74 –32,000 –355.56 65,000 — –20,000 — 300,000 19.28 –2,310,000 –74.78 –293,000 –837.14 –57,000 — ————————9,268,000 59.97 15,346,000 82.17 33,972,000 318.69 28,932,000 97.04 25,921,000 69.79

2008 Underwriting Performance Summary Reinsurance Assumed .................17,597,000 Reinsurance Ceded .......................2,753,000 Net Premiums Written ..................14,844,000 Net Premiums Earned..................15,454,000 Net Claims & Adj Exp.....................9,268,000 Commissions..................................2,840,000 Taxes ..................................................91,000 General Expenses.............................680,000 Undrwtg. Profit/Loss.......................2,575,000 Investment Income.......................15,350,000

Underwriting Result 2008: +$2,575,000 2005: –$1,962,000

MAPFRE RE COMPANIA DE REASEGUROS, S.A.

2007: 2004:

% Growth Rate (NPW) ........................–33.18 % of Market (NPW) .............................0.04 Earned Loss Ratio.............................59.97 Total Expense Ratio ..........................23.37 Combined Loss & Exp. Ratio ............83.34 Return on Equity................................15.26

–$1,955,000 +$7,089,000

2006:

–$26,711,000

R-US

V. Lorraine Williams, Chief Agent for Canada 3650 Victoria Park Ave., Suite 201 Toronto ON M2H 3P7 416-496-1148 Fax 416-496-1089 Prop. - Personal................. Prop. - Commercial............ Prop. - Total ....................... Hail .................................... Liability............................... Surety ................................ Other Apprvd. Prod............ Total 2008.......................... Total 2007.......................... Total 2006.......................... Total 2005.......................... Total 2004..........................

7,135,000 4,756,000 11,891,000 661,000 143,000 135,000 — —————12,830,000 11,695,000 3,587,000 5,859,000 2,598,000

6,782,000 4,521,000 11,303,000 657,000 59,000 135,000 74,000 —————12,228,000 10,571,000 5,230,000 5,069,000 1,745,000

2,459,000 1,639,000 4,098,000 1,242,000 79,000 41,000 — —————5,460,000 2,995,000 1,641,000 4,252,000 700,000

36.26 36.25 36.26 189.04 133.90 30.37 — ———44.65 28.33 31.38 83.88 40.11

2008 Underwriting Performance Summary Reinsurance Assumed .................13,758,000 Reinsurance Ceded ..........................928,000 Net Premiums Written ..................12,830,000 Net Premiums Earned..................12,228,000 Net Claims & Adj Exp.....................5,460,000 Commissions..................................3,522,000 Taxes..........................................................— General Expenses.............................570,000 Undrwtg. Profit/Loss.......................2,676,000 Investment Income.........................1,315,000

Underwriting Result 2008: +$2,676,000 2005: –$1,107,000

2007: 2004:

% Growth Rate (NPW) ............................9.71 % of Market (NPW) .............................0.04 Earned Loss Ratio.............................44.65 Total Expense Ratio ..........................33.46 Combined Loss & Exp. Ratio ............78.11 Return on Equity..................................9.37

+$5,137,000 +$469,000

2006:

CANADIAN UNDERWRITER STATISTICAL ISSUE 2009

+$1,498,000

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MUNICH REINSURANCE CANADA GROUP

Earned Loss Ratio %

R-F

MUNICH REINSURANCE COMPANY OF CANADA TEMPLE INSURANCE COMPANY

Total 2008.......................... Total 2007.......................... Total 2006.......................... Total 2005.......................... Total 2004..........................

21,304,000 104,024,000 125,328,000 — 16,767,000 7,189,000 4,532,000 28,488,000 5,397,000 — 284,000 128,839,000 2,188,000 1,000 –10,000 30,000 —————290,545,000 302,928,000 322,492,000 334,337,000 463,511,000

17,625,000 106,526,000 124,151,000 — 17,080,000 7,172,000 4,531,000 28,783,000 6,125,000 — 284,000 131,747,000 1,803,000 1,000 –10,000 22,000 —————292,906,000 313,593,000 327,552,000 348,618,000 479,630,000

8,310,000 63,466,000 71,776,000 –1,000 16,166,000 13,332,000 –458,000 29,040,000 3,706,000 6,000 –8,000 57,788,000 514,000 89,000 5,000 — —————162,915,000 167,834,000 146,997,000 211,768,000 311,169,000

2008 Direct Premiums Written: +$195,313,000

47.15 59.58 57.81 — 94.65 185.89 –10.11 100.89 60.51 — –2.82 43.86 28.51 8,900.00 –50.00 — ———55.62 53.52 44.88 60.75 64.88

Growth: +4.00%

2008 Underwriting Performance Summary % Growth Rate (NPW) ..........................–4.09 % of Market (NPW) .............................0.81 Earned Loss Ratio.............................55.62 Total Expense Ratio ..........................33.89 Combined Loss & Exp. Ratio ............89.51 Return on Equity................................16.58

Reinsurance Assumed ...............233,600,000 Reinsurance Ceded ...................138,368,000 Net Premiums Written ................290,545,000 Net Premiums Earned................292,906,000 Net Claims & Adj Exp.................162,915,000 Commissions................................68,231,000 Taxes .............................................6,364,000 General Expenses........................24,684,000 Undrwtg. Profit/Loss.....................32,895,000 Investment Income.......................75,831,000

Underwriting Result 2008: +$32,895,000 2005: +$18,860,000

2007: 2004:

+$36,392,000 +$16,218,000

2006:

+$71,010,000

MUNICH REINSURANCE COMPANY OF CANADA

R-C

416-366-9206 Fax 416-366-4330

Prop. - Personal................. Prop. - Commercial............ Prop. - Total ....................... Aircraft ............................... Auto. - Liability ................... Auto. - Pers. Acc................ Auto. - Other ...................... Auto. - Total ....................... Boiler & Machinery ............ Fidelity ............................... Liability............................... Surety ................................ Marine................................ Other Apprvd. Prod............ Total 2008.......................... Total 2007.......................... Total 2006.......................... Total 2005.......................... Total 2004..........................

21,304,000 82,303,000 103,607,000 — 16,747,000 7,189,000 4,532,000 28,468,000 5,320,000 284,000 39,049,000 2,188,000 — 30,000 —————178,946,000 185,239,000 212,070,000 215,903,000 329,602,000

17,625,000 85,985,000 103,610,000 — 17,060,000 7,172,000 4,531,000 28,763,000 6,185,000 284,000 41,564,000 1,803,000 — 22,000 —————182,231,000 201,465,000 215,529,000 226,720,000 338,295,000

8,310,000 50,918,000 59,228,000 –8,000 15,601,000 13,332,000 –458,000 28,475,000 3,765,000 –8,000 23,468,000 414,000 64,000 — —————115,398,000 129,250,000 116,245,000 147,314,000 226,265,000

47.15 59.22 57.16 — 91.45 185.89 –10.11 99.00 60.87 –2.82 56.46 22.96 — — ———63.33 64.16 53.93 64.98 66.88

Underwriting Result 2008: +$12,724,000 2005: +$6,670,000 124

2007: 2004:

Net Claims and Adjusting Expenses $

Net Premiums Earned $

Earned Loss Ratio %

NIPPONKOA INSURANCE COMPANY LIMITED

R-F

Prop. - Commercial............ Prop. - Total ....................... Auto. - Liability ................... Auto. - Pers. Acc................ Auto. - Other ...................... Auto. - Total ....................... Liability............................... Marine................................ Total 2008.......................... Total 2007.......................... Total 2006.......................... Total 2005.......................... Total 2004..........................

522,000 522,000 172,000 61,000 123,000 356,000 287,000 242,000 —————1,407,000 1,370,000 1,055,000 1,324,000 1,537,000

516,000 516,000 163,000 58,000 111,000 332,000 277,000 222,000 —————1,347,000 1,296,000 1,159,000 1,290,000 1,736,000

58,000 58,000 147,000 67,000 45,000 259,000 –5,000 34,000 —————346,000 210,000 –217,000 –744,000 3,636,000

2008 Direct Premiums Written: +$998,000

11.24 11.24 90.18 115.52 40.54 78.01 –1.81 15.32 ———25.69 16.20 –18.72 –57.67 209.45

Growth: –8.44%

2008 Underwriting Performance Summary % Growth Rate (NPW) ............................2.70 % of Market (NPW) .............................0.00 Earned Loss Ratio.............................25.69 Total Expense Ratio ..........................49.37 Combined Loss & Exp. Ratio ............75.06 Return on Equity..................................4.70

Reinsurance Assumed ......................438,000 Reinsurance Ceded ............................29,000 Net Premiums Written ....................1,407,000 Net Premiums Earned....................1,347,000 Net Claims & Adj Exp........................346,000 Commissions.....................................265,000 Taxes ..................................................25,000 General Expenses.............................375,000 Undrwtg. Profit/Loss..........................336,000 Investment Income.........................1,158,000

Underwriting Result 2008: +$336,000 2005: +$1,286,000

2007: 2004:

+$461,000 –$2,805,000

2006:

+$724,000

ODYSSEY AMERICA REINSURANCE CORPORATION

R-US

Walter Fransen, Chief Agent & General Manager 55 University Ave., Suite 1600 Toronto ON M5J 2H7 416-862-0162 Fax 416-367-3248 www.odysseyre.com

Prop. - Personal................. Prop. - Commercial............ Prop. - Total ....................... Aircraft ............................... Auto. - Liability ................... Auto. - Other ...................... Auto. - Total ....................... Boiler & Machinery ............ Fidelity ............................... Hail .................................... Liability............................... Surety ................................ Marine................................ Accident & Sickness .......... Total 2008.......................... Total 2007.......................... Total 2006.......................... Total 2005.......................... Total 2004..........................

6,652,000 19,259,000 25,911,000 99,000 3,316,000 2,395,000 5,711,000 87,000 110,000 2,946,000 7,117,000 1,657,000 49,000 114,000 —————43,801,000 49,177,000 40,353,000 66,939,000 65,066,000

7,367,000 19,878,000 27,245,000 110,000 3,275,000 2,385,000 5,660,000 87,000 110,000 2,946,000 7,341,000 1,823,000 51,000 114,000 —————45,487,000 48,501,000 46,934,000 67,316,000 65,951,000

1,820,000 11,097,000 12,917,000 2,000 5,348,000 436,000 5,784,000 — –33,000 6,157,000 10,424,000 198,000 –579,000 –168,000 —————34,702,000 26,364,000 27,937,000 49,202,000 41,905,000

24.70 55.83 47.41 1.82 163.30 18.28 102.19 — –30.00 209.00 142.00 10.86 –1,135.29 –147.37 ———76.29 54.36 59.52 73.09 63.54

2008 Underwriting Performance Summary

2008 Underwriting Performance Summary Reinsurance Assumed ...............262,834,000 Reinsurance Ceded .....................83,888,000 Net Premiums Written ................178,946,000 Net Premiums Earned................182,231,000 Net Claims & Adj Exp.................115,398,000 Commissions................................36,192,000 Taxes ................................................588,000 General Expenses........................17,179,000 Undrwtg. Profit/Loss.....................12,724,000 Investment Income.......................52,802,000

Net Premiums Written $

Robert J. Fellows, Chief Agent c/o St. Paul Fire & Marine Insurance 20 Queen St W, Suite 200 PO Box 5 Toronto ON M5H 3R3 416-601-2543 Fax 416-604-4432

Kenneth B. Irvin, CGA, President & CEO 390 Bay St., 22nd Floor Toronto ON M5H 2Y2 416-366-9206 Fax 416-366-4330 Prop. - Personal................. Prop. - Commercial............ Prop. - Total ....................... Aircraft ............................... Auto. - Liability ................... Auto. - Pers. Acc................ Auto. - Other ...................... Auto. - Total ....................... Boiler & Machinery ............ Credit ................................. Fidelity ............................... Liability............................... Surety ................................ Marine................................ Accident & Sickness .......... Other Apprvd. Prod............

Class

% Growth Rate (NPW)................................— % of Market (NPW).................................— Earned Loss Ratio.............................63.33 Total Expense Ratio ..........................29.61 Combined Loss & Exp. Ratio ............92.94 Return on Equity................................15.14

+$13,720,000 +$10,537,000

2006:

+$34,305,000

Reinsurance Assumed .................43,801,000 Reinsurance Ceded....................................— Net Premiums Written ..................43,801,000 Net Premiums Earned..................45,487,000 Net Claims & Adj Exp...................34,702,000 Commissions..................................8,380,000 Taxes..........................................................— General Expenses..........................2,448,000 Undrwtg. Profit/Loss..........................–43,000 Investment Income.........................8,322,000

Underwriting Result 2008: –$43,000 2005: +$545,000

2007: 2004:

% Growth Rate (NPW) ........................–10.93 % of Market (NPW) .............................0.12 Earned Loss Ratio.............................76.29 Total Expense Ratio ..........................23.80 Combined Loss & Exp. Ratio ..........100.09 Return on Equity..................................5.87

+$8,660,000 +$6,243,000

2006:

+$4,716,000

canadianunderwriter.ca CANADIAN UNDERWRITER STATISTICAL ISSUE 2009


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Net Claims and Adjusting Expenses $

Earned Loss Ratio %

Class

Net Premiums Written $

Net Premiums Earned $

Net Claims and Adjusting Expenses $

Earned Loss Ratio %

R-F Carol Desbiens, Chief Agent for Canada 1800 McGill College Suite 2000 Montreal PQ H3A 3J6 514-842-9262 Fax 514-842-9254 Prop. - Commercial............ Prop. - Total ....................... Auto. - Liability ................... Auto. - Total ....................... Credit ................................. Fidelity ............................... Hail .................................... Liability............................... Surety ................................ Marine................................ Accident & Sickness .......... Total 2008.......................... Total 2007.......................... Total 2006..........................

R-F

–1,304,000 –1,304,000 23,565,000 23,565,000 — — 4,538,000 9,902,000 3,401,000 –33,000 710,000 —————40,779,000 53,432,000 83,773,000

9,333,000 9,333,000 22,807,000 22,807,000 — — 4,618,000 11,344,000 3,314,000 –33,000 710,000 —————52,093,000 55,069,000 63,288,000

12,834,000 12,834,000 23,234,000 23,234,000 64,000 –2,000 5,128,000 12,366,000 1,299,000 758,000 364,000 —————56,045,000 30,187,000 42,355,000

137.51 137.51 101.87 101.87 — — 111.04 109.01 39.20 –2,296.97 51.27 ———107.59 54.82 66.92

2008 Underwriting Performance Summary % Growth Rate (NPW) ........................–23.68 % of Market (NPW) .............................0.11 Earned Loss Ratio...........................107.59 Total Expense Ratio ..........................22.42 Combined Loss & Exp. Ratio ..........130.01 Return on Equity..................................4.32

Reinsurance Assumed ...............103,856,000 Reinsurance Ceded .....................63,077,000 Net Premiums Written ..................40,779,000 Net Premiums Earned..................52,093,000 Net Claims & Adj Exp...................56,045,000 Commissions..................................3,518,000 Taxes..........................................................— General Expenses..........................8,161,000 Undrwtg. Profit/Loss...................–15,631,000 Investment Income.........................6,046,000

Underwriting Result 2008: –$15,631,000

2007:

+$7,617,000

2006:

+$9,463,000

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

Total 2008.......................... Total 2007.......................... Total 2006.......................... Total 2005.......................... Total 2004..........................

1,304,000 62,788,000 64,092,000 — 8,745,000 — 1,094,000 9,839,000 666,000 — 426,000 9,725,000 2,078,000 558,000 12,000 —————87,396,000 97,838,000 96,457,000 85,230,000 58,456,000

1,626,000 62,664,000 64,290,000 — 8,740,000 — 1,039,000 9,779,000 375,000 — 426,000 10,777,000 1,953,000 340,000 12,000 —————87,952,000 96,765,000 90,898,000 76,062,000 77,081,000

Reinsurance Assumed ...............111,846,000 Reinsurance Ceded .....................24,450,000 Net Premiums Written ..................87,396,000 Net Premiums Earned..................87,952,000 Net Claims & Adj Exp...................52,890,000 Commissions................................23,978,000 Taxes..........................................................— General Expenses..........................7,488,000 Undrwtg. Profit/Loss.......................2,682,000 Investment Income.......................16,318,000

126

2007: 2004:

Total 2008.......................... Total 2007.......................... Total 2006.......................... Total 2005.......................... Total 2004..........................

18,615,000 54,867,000 73,482,000 1,063,000 2,863,000 1,364,000 86,000 4,313,000 1,850,000 12,000 — 9,835,000 9,645,000 4,418,000 11,000 —————104,629,000 124,350,000 127,417,000 148,892,000 152,296,000

21,020,000 51,465,000 72,485,000 2,778,000 2,646,000 1,495,000 84,000 4,225,000 1,138,000 12,000 — 9,965,000 9,681,000 3,983,000 11,000 —————104,278,000 132,122,000 131,699,000 151,551,000 160,126,000

8,643,000 41.12 38,830,000 75.45 47,473,000 65.49 2,068,000 74.44 15,257,000 576.61 –6,571,000 –439.53 –8,640,000 –10,285.71 46,000 1.09 1,123,000 98.68 –303,000 –2,525.00 –14,000 — 7,183,000 72.08 6,072,000 62.72 340,000 8.54 –191,000 –1,736.36 ————————63,797,000 61.18 74,826,000 56.63 57,796,000 43.88 78,794,000 51.99 96,505,000 60.27

1,156,000 32,333,000 33,489,000 221,000 5,949,000 673,000 –395,000 6,227,000 –117,000 357,000 –43,000 12,121,000 493,000 141,000 1,000 —————52,890,000 62,107,000 58,122,000 47,509,000 49,027,000

71.09 51.60 52.09 — 68.07 — –38.02 63.68 –31.20 — –10.09 112.47 25.24 41.47 8.33 ———60.14 64.18 63.94 62.46 63.60

% Growth Rate (NPW) ........................–10.67 % of Market (NPW) .............................0.24 Earned Loss Ratio.............................60.14 Total Expense Ratio ..........................35.78 Combined Loss & Exp. Ratio ............95.92 Return on Equity................................10.18

+$785,000 +$3,640,000

2006:

–$1,670,000

% Growth Rate (NPW) ........................–15.86 % of Market (NPW) .............................0.29 Earned Loss Ratio.............................61.18 Total Expense Ratio ..........................36.31 Combined Loss & Exp. Ratio ............97.49 Return on Equity..................................9.26

Reinsurance Assumed ...............112,598,000 Reinsurance Ceded .......................7,969,000 Net Premiums Written ................104,629,000 Net Premiums Earned................104,278,000 Net Claims & Adj Exp...................63,797,000 Commissions................................29,937,000 Taxes ................................................–17,000 General Expenses..........................7,943,000 Undrwtg. Profit/Loss.......................2,618,000 Investment Income.......................14,960,000

Underwriting Result 2008: +$2,618,000 2005: +$17,552,000

2008 Underwriting Performance Summary

Underwriting Result 2008: +$2,682,000 2005: –$4,262,000

Prop. - Personal................. Prop. - Commercial............ Prop. - Total ....................... Aircraft ............................... Auto. - Liability ................... Auto. - Pers. Acc................ Auto. - Other ...................... Auto. - Total ....................... Boiler & Machinery ............ Credit ................................. Fidelity ............................... Hail .................................... Liability............................... Surety ................................ Marine................................

2008 Underwriting Performance Summary

SCOR CANADA REINSURANCE COMPANY

Prop. - Personal................. Prop. - Commercial............ Prop. - Total ....................... Aircraft ............................... Auto. - Liability ................... Auto. - Pers. Acc................ Auto. - Other ...................... Auto. - Total ....................... Boiler & Machinery ............ Fidelity ............................... Hail .................................... Liability............................... Surety ................................ Marine................................ Accident & Sickness ..........

Francis Blumberg, Chief Agent The Exchange Tower, Suite 2300 130 King St. W., P.O. Box 166 Toronto ON M5X 1C7 416-861-0033 Fax 416-861-0200 www.partnerre.com

2007: 2004:

+$12,947,000 +$12,168,000

2006:

+$22,206,000

SCOR REINSURANCE COMPANY

R-US

Jaya Narayan, Chief Agent In Canada TD Canada Trust Tower, Brookfield Place 161 Bay St., Suite 5000 Toronto ON M5J 2S1 416-304-6570 Fax 416-365-6616 Prop. - Commercial............ Prop. - Total ....................... Auto. - Liability ................... Auto. - Pers. Acc................ Auto. - Total ....................... Liability............................... Surety ................................ Total 2008.......................... Total 2007.......................... Total 2006.......................... Total 2005.......................... Total 2004..........................

22,000 22,000 76,000 — 76,000 19,000 — —————117,000 219,000 895,000 1,964,000 3,817,000

22,000 22,000 76,000 — 76,000 19,000 — —————117,000 443,000 1,628,000 1,676,000 4,205,000

1,050,000 1,050,000 14,000 45,000 59,000 157,000 –2,000 —————1,264,000 –2,751,000 5,321,000 7,580,000 6,252,000

4,772.73 4,772.73 18.42 — 77.63 826.32 — ———1,080.34 –620.99 326.84 452.27 148.68

2008 Underwriting Performance Summary Reinsurance Assumed ......................117,000 Reinsurance Ceded....................................— Net Premiums Written .......................117,000 Net Premiums Earned.......................117,000 Net Claims & Adj Exp.....................1,264,000 Commissions.......................................16,000 Taxes..........................................................— General Expenses.............................319,000 Undrwtg. Profit/Loss.....................–1,482,000 Investment Income............................855,000

Underwriting Result 2008: –$1,482,000 2005: –$6,180,000

2007: 2004:

% Growth Rate (NPW) ........................–46.58 % of Market (NPW) .............................0.00 Earned Loss Ratio........................1,080.34 Total Expense Ratio ........................286.32 Combined Loss & Exp. Ratio .......1,366.66 Return on Equity................................–6.70

+$2,907,000 –$3,666,000

2006:

–$4,280,000

canadianunderwriter.ca CANADIAN UNDERWRITER STATISTICAL ISSUE 2009


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Net Claims and Adjusting Expenses $

PROMUTUEL REASSURANCE

Earned Loss Ratio %

Class

Net Premiums Written $

Net Claims and Adjusting Expenses $

Net Premiums Earned $

Earned Loss Ratio %

R-C

1091, Grande Allee Ouest Quebec PQ G1S 4Y7 418-683-1212 Fax 418-683-2559 www.promutuel.ca liliane.breton@promutuel.ca Prop. - Personal................. Prop. - Commercial............ Prop. - Total ....................... Auto. - Liability ................... Auto. - Pers. Acc................ Auto. - Other ...................... Auto. - Total ....................... Liability............................... Surety ................................ Total 2008.......................... Total 2007.......................... Total 2006.......................... Total 2005.......................... Total 2004..........................

24,806,000 35,622,000 60,428,000 8,319,000 750,000 15,087,000 24,156,000 3,996,000 50,000 —————88,630,000 120,930,000 110,150,000 108,582,000 93,765,000

33,451,000 41,014,000 74,465,000 8,358,000 791,000 15,148,000 24,297,000 4,184,000 49,000 —————102,995,000 116,013,000 106,329,000 100,389,000 87,481,000

2008 Direct Premiums Written: +$9,978,000

32,579,000 40,457,000 73,036,000 3,580,000 285,000 8,237,000 12,102,000 2,695,000 3,000 —————87,836,000 81,141,000 80,137,000 64,913,000 54,493,000

97.39 98.64 98.08 42.83 36.03 54.38 49.81 64.41 6.12 ———85.28 69.94 75.37 64.66 62.29

Growth: +2,718.64%

2008 Underwriting Performance Summary % Growth Rate (NPW) ........................–26.71 % of Market (NPW) .............................0.25 Earned Loss Ratio.............................85.28 Total Expense Ratio ..........................24.82 Combined Loss & Exp. Ratio ..........110.10 Return on Equity..............................–10.89

Reinsurance Assumed ...............114,473,000 Reinsurance Ceded .....................35,821,000 Net Premiums Written ..................88,630,000 Net Premiums Earned................102,995,000 Net Claims & Adj Exp...................87,836,000 Commissions................................16,977,000 Taxes ................................................906,000 General Expenses..........................7,682,000 Undrwtg. Profit/Loss...................–10,406,000 Investment Income.........................3,095,000

Underwriting Result 2008: –$10,406,000 2005: +$8,091,000

2006: 2004:

–$6,016,000 +$9,505,000

SWISS REINSURANCE GROUP

SOREMA NORTH AMERICA REINSURANCE COMPANY

R-F

Jaya Narayan, Chief Agent In Canada Canada Trust Tower, BCE Place 161 Bay St., Suite 5000 Toronto ON M5J 2S1 416-304-6570 Fax 416-365-6616 Prop. - Personal................. Prop. - Commercial............ Prop. - Total ....................... Auto. - Liability ................... Auto. - Pers. Acc................ Auto. - Other ...................... Auto. - Total ....................... Hail .................................... Liability............................... Surety ................................ Total 2008.......................... Total 2007.......................... Total 2006.......................... Total 2005.......................... Total 2004..........................

— — — — –2,000 — –2,000 –11,000 –1,000 — —————–14,000 — 7,000 6,000 1,120,000

— — — — –2,000 — –2,000 –11,000 –1,000 — —————–14,000 — 7,000 6,000 1,422,000

1,000 27,000 28,000 –48,000 –22,000 –22,000 –92,000 — –7,000 1,000 —————–70,000 153,000 –633,000 –186,000 311,000

— — — — 1,100.00 — 4,600.00 — 700.00 — ———500.00 — –9,042.86 –3,100.00 21.87

Underwriting Result 2008: –$691,000 2005: –$24,000 128

2007: 2004:

Prop. - Personal................. Prop. - Commercial............ Prop. - Total ....................... Aircraft ............................... Auto. - Liability ................... Auto. - Pers. Acc................ Auto. - Other ...................... Auto. - Total ....................... Boiler & Machinery ............ Credit ................................. Fidelity ............................... Hail .................................... Liability............................... Surety ................................ Marine................................ Accident & Sickness .......... Other Apprvd. Prod............ Total 2008.......................... Total 2007.......................... Total 2006.......................... Total 2005.......................... Total 2004..........................

16,309,000 66,963,000 83,272,000 7,580,000 8,074,000 1,069,000 3,242,000 12,385,000 1,120,000 2,473,000 308,000 1,251,000 24,197,000 8,140,000 3,033,000 –1,000 –43,000 —————143,715,000 228,310,000 287,615,000 148,262,000 225,338,000

21,223,000 82,255,000 103,478,000 9,885,000 5,962,000 1,194,000 3,506,000 10,662,000 1,413,000 48,000 91,000 1,336,000 61,880,000 9,613,000 3,207,000 –1,000 –43,000 —————201,569,000 265,176,000 289,998,000 171,788,000 215,194,000

8,673,000 45,271,000 53,944,000 1,524,000 –5,806,000 3,913,000 191,000 –1,702,000 164,000 966,000 163,000 233,000 47,049,000 1,699,000 1,998,000 87,000 –122,000 —————106,003,000 140,700,000 133,934,000 209,653,000 127,259,000

2008 Direct Premiums Written: +$81,215,000

40.87 55.04 52.13 15.42 –97.38 327.72 5.45 –15.96 11.61 2,012.50 179.12 17.44 76.03 17.67 62.30 –8,700.00 283.72 ———52.59 53.06 46.18 122.04 59.14

Growth: +5.91%

2008 Underwriting Performance Summary

2008 Underwriting Performance Summary Reinsurance Assumed ......................–26,000 Reinsurance Ceded ..........................–12,000 Net Premiums Written .......................–14,000 Net Premiums Earned.......................–14,000 Net Claims & Adj Exp........................–70,000 Commissions.....................................387,000 Taxes..........................................................— General Expenses.............................360,000 Undrwtg. Profit/Loss........................–691,000 Investment Income............................131,000

R-F

SWISS REINSURANCE COMPANY SWISS REINSURANCE COMPANY CANADA NORTH AMERICAN SPECIALTY INSURANCE COMPANY WESTPORT INSURANCE CORPORATION Jean-Jacques Henchoz, President & C.E.O. 150 King St. W., Suite 2200 P.O. Box 50 Toronto ON M5H 1J9 416-408-5945 Fax 416-408-4222 www.swissre.com/canada

% Growth Rate (NPW)................................— % of Market (NPW) ...........................–0.00 Earned Loss Ratio...........................500.00 Total Expense Ratio ...................–5,335.71 Combined Loss & Exp. Ratio .....–4,835.71 Return on Equity................................–6.97

–$424,000 +$1,230,000

2006:

+$234,000

Reinsurance Assumed ...............404,261,000 Reinsurance Ceded ...................341,761,000 Net Premiums Written ................143,715,000 Net Premiums Earned................201,569,000 Net Claims & Adj Exp.................106,003,000 Commissions................................40,173,000 Taxes .............................................3,098,000 General Expenses........................21,820,000 Undrwtg. Profit/Loss.....................30,475,000 Investment Income.......................57,030,000

Underwriting Result 2008: +$30,475,000 2005: –$97,112,000

2007: 2004:

% Growth Rate (NPW) ........................–37.05 % of Market (NPW) .............................0.40 Earned Loss Ratio.............................52.59 Total Expense Ratio ..........................32.29 Combined Loss & Exp. Ratio ............84.88 Return on Equity .....................................—

+$49,054,000 +$26,355,000

2006:

+$57,663,000

canadianunderwriter.ca CANADIAN UNDERWRITER STATISTICAL ISSUE 2009


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5/21/09

Net Premiums Written $

1:27 PM

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Net Claims and Adjusting Expenses $

Net Premiums Earned $

Earned Loss Ratio %

SWISS REINSURANCE COMPANY LTD.

Total 2008.......................... Total 2007.......................... Total 2006.......................... Total 2005.......................... Total 2004..........................

11,038,000 70,667,000 81,705,000 1,507,000 9,509,000 860,000 1,936,000 12,305,000 525,000 2,348,000 55,000 261,000 18,173,000 912,000 884,000 — —————118,675,000 39,197,000 34,277,000 36,882,000 55,437,000

7,781,000 52,483,000 60,264,000 1,124,000 6,069,000 860,000 1,764,000 8,693,000 487,000 61,000 55,000 261,000 12,312,000 913,000 816,000 — —————84,986,000 36,814,000 33,182,000 43,464,000 55,391,000

Reinsurance Assumed ...............379,480,000 Reinsurance Ceded ...................260,805,000 Net Premiums Written ................118,675,000 Net Premiums Earned..................84,986,000 Net Claims & Adj Exp...................59,805,000 Commissions................................16,932,000 Taxes..........................................................— General Expenses..........................9,809,000 Undrwtg. Profit/Loss.....................–1,560,000 Investment Income.......................17,491,000

2007: 2004:

Net Premiums Earned $

Net Claims and Adjusting Expenses $

Earned Loss Ratio %

R-F

Jean-Jacques Henchoz, President & C.E.O. 150 King St. W., Suite 2200 P.O. Box 50 Toronto ON M5H 1J9 416-408-5945 Fax 416-408-4222 www.swissre.com/canada

3,430,000 34,289,000 37,719,000 673,000 5,033,000 2,304,000 126,000 7,463,000 –289,000 309,000 –1,383,000 –151,000 14,495,000 103,000 487,000 379,000 —————59,805,000 8,610,000 2,004,000 145,663,000 31,660,000

44.08 65.33 62.59 59.88 82.93 267.91 7.14 85.85 –59.34 506.56 –2,514.55 –57.85 117.73 11.28 59.68 — ———70.37 23.39 6.04 335.13 57.16

2008 Underwriting Performance Summary

Underwriting Result 2008: –$1,560,000 2005: –$114,821,000

Net Premiums Written $

SWISS REINSURANCE R-F COMPANY CANADA

Jean-Jacques Henchoz, Chief Agent 150 King St. W., Suite 2200 P.O. Box 50 Toronto ON M5H 1J9 416-408-5945 Fax 416-408-4222 www.swissre.com/canada Prop. - Personal................. Prop. - Commercial............ Prop. - Total ....................... Aircraft ............................... Auto. - Liability ................... Auto. - Pers. Acc................ Auto. - Other ...................... Auto. - Total ....................... Boiler & Machinery ............ Credit ................................. Fidelity ............................... Hail .................................... Liability............................... Surety ................................ Marine................................ Accident & Sickness ..........

Class

% Growth Rate (NPW)................................— % of Market (NPW).................................— Earned Loss Ratio.............................70.37 Total Expense Ratio ..........................31.47 Combined Loss & Exp. Ratio ..........101.84 Return on Equity..................................2.31

Prop. - Personal................. Prop. - Commercial............ Prop. - Total ....................... Aircraft ............................... Auto. - Liability ................... Auto. - Pers. Acc................ Auto. - Other ...................... Auto. - Total ....................... Boiler & Machinery ............ Credit ................................. Fidelity ............................... Hail .................................... Liability............................... Surety ................................ Marine................................ Other Apprvd. Prod............ Total 2008.......................... Total 2007.......................... Total 2006.......................... Total 2005.......................... Total 2004..........................

2006:

+$19,728,000

13,042,000 16,138,000 29,180,000 900,000 444,000 –79,000 1,973,000 2,338,000 695,000 294,000 –76,000 439,000 6,650,000 2,937,000 257,000 –43,000 —————43,571,000 124,223,000 110,462,000 126,419,000 158,604,000

2008 Underwriting Performance Summary Reinsurance Assumed .................70,389,000 Reinsurance Ceded .....................71,392,000 Net Premiums Written ..................–1,003,000 Net Premiums Earned..................43,571,000 Net Claims & Adj Exp...................14,755,000 Commissions................................10,275,000 Taxes..........................................................— General Expenses..........................7,222,000 Undrwtg. Profit/Loss.....................11,319,000 Investment Income.......................10,854,000

Underwriting Result 2008: +$11,319,000 2005: +$17,617,000

+$16,901,000 +$8,842,000

5,271,000 –9,212,000 –3,941,000 33,000 –988,000 –204,000 1,239,000 47,000 153,000 175,000 117,000 354,000 1,453,000 607,000 42,000 –43,000 —————–1,003,000 131,831,000 113,966,000 110,949,000 165,554,000

2007: 2004:

5,243,000 9,844,000 15,087,000 509,000 –1,535,000 14,000 –16,000 –1,537,000 445,000 321,000 –340,000 404,000 –599,000 295,000 292,000 –122,000 —————14,755,000 38,136,000 24,863,000 62,505,000 94,737,000

40.20 61.00 51.70 56.56 –345.72 –17.72 –0.81 –65.74 64.03 109.18 447.37 92.03 –9.01 10.04 113.62 283.72 ———33.86 30.70 22.51 49.44 59.73

% Growth Rate (NPW)................................— % of Market (NPW).................................— Earned Loss Ratio.............................33.86 Total Expense Ratio ..........................40.16 Combined Loss & Exp. Ratio ............74.02 Return on Equity .....................................—

+$45,027,000 +$17,597,000

2006:

+$42,034,000

WESTPORT INSURANCE CORPORATION

R-US

Peter N. Borst, FIIC, Senior Vice President & Chief Agent In Canada 150 King St W, Suite 2200 PO Box 50 Toronto ON M5H 1J9 416-408-5945 Fax 416-408-4222

NORTH AMERICAN SPECIALTY INSURANCE COMPANY

R-F

Jean-Jacques Henchoz, Chief Agent 150 King St. W., Suite 2200 PO Box 50 Toronto ON M5H 1J9 416-408-5945

Prop. - Commercial............ Prop. - Total ....................... Liability............................... Total 2008.......................... Total 2007.......................... Total 2006.......................... Total 2005.......................... Total 2004..........................

1,199,000 1,199,000 34,000 —————1,233,000 –6,926,000 19,367,000 431,000 4,347,000

1,403,000 1,403,000 576,000 —————1,979,000 8,804,000 4,565,000 1,905,000 1,199,000

2008 Direct Premiums Written: +$1,644,000

–42,000 –42,000 225,000 —————183,000 1,727,000 842,000 1,485,000 1,035,000

–2.99 –2.99 39.06 ———9.25 19.62 18.44 77.95 86.32

Growth: –117.80%

2008 Underwriting Performance Summary Reinsurance Assumed ...............................— Reinsurance Ceded ..........................411,000 Net Premiums Written ....................1,233,000 Net Premiums Earned....................1,979,000 Net Claims & Adj Exp........................183,000 Commissions.......................................71,000 Taxes ..................................................71,000 General Expenses.............................415,000 Undrwtg. Profit/Loss.......................1,239,000 Investment Income............................779,000

Underwriting Result 2008: +$1,239,000 2005: +$92,000 130

2007: 2004:

% Growth Rate (NPW)................................— % of Market (NPW).................................— Earned Loss Ratio...............................9.25 Total Expense Ratio ..........................28.15 Combined Loss & Exp. Ratio ............37.40 Return on Equity................................33.32

+$5,780,000 –$84,000

2006:

+$2,967,000

Prop. - Personal................. Prop. - Commercial............ Prop. - Total ....................... Aircraft ............................... Auto. - Liability ................... Auto. - Pers. Acc................ Auto. - Other ...................... Auto. - Total ....................... Boiler & Machinery ............ Credit ................................. Fidelity ............................... Hail .................................... Liability............................... Surety ................................ Marine................................ Accident & Sickness .......... Total 2008.......................... Total 2007.......................... Total 2006.......................... Total 2005.......................... Total 2004..........................

— 4,309,000 4,309,000 6,040,000 –447,000 413,000 67,000 33,000 442,000 –50,000 136,000 636,000 4,537,000 6,621,000 2,107,000 –1,000 —————24,810,000 64,208,000 120,005,000 165,256,000 269,132,000

400,000 12,231,000 12,631,000 7,861,000 –551,000 413,000 –231,000 –369,000 231,000 –307,000 112,000 636,000 42,342,000 5,763,000 2,134,000 –1,000 —————71,033,000 95,335,000 141,789,000 182,602,000 248,875,000

— 1,180,000 1,180,000 342,000 –9,304,000 1,595,000 81,000 –7,628,000 8,000 336,000 1,886,000 –20,000 32,928,000 1,301,000 1,219,000 –292,000 —————31,260,000 92,227,000 106,225,000 119,778,000 161,591,000

2008 Direct Premiums Written: +$79,571,000 2008 Underwriting Performance Summary Reinsurance Assumed .................42,694,000 Reinsurance Ceded .....................97,455,000 Net Premiums Written ..................24,810,000 Net Premiums Earned..................71,033,000 Net Claims & Adj Exp...................31,260,000 Commissions................................12,895,000 Taxes .............................................3,027,000 General Expenses..........................4,374,000 Undrwtg. Profit/Loss.....................19,477,000 Investment Income.......................27,906,000

Underwriting Result 2008: +$19,477,000 2005: +$11,145,000

2007: 2004:

— 9.65 9.34 4.35 1,688.57 386.20 –35.06 2,067.21 3.46 –109.45 1,683.93 –3.14 77.77 22.58 57.12 29,200.00 ———44.01 96.74 74.92 65.60 64.93

Growth: –7.39%

% Growth Rate (NPW)................................— % of Market (NPW).................................— Earned Loss Ratio.............................44.01 Total Expense Ratio ..........................28.57 Combined Loss & Exp. Ratio ............72.58 Return on Equity................................18.50

–$18,654,000 +$21,007,000

2006:

–$7,066,000

canadianunderwriter.ca CANADIAN UNDERWRITER STATISTICAL ISSUE 2009


p 120-134 REINSURANCE.chp

5/15/09

12:50 PM

Page 131

“Get all the right connections!”

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p 120-134 REINSURANCE.chp

5/21/09

Net Premiums Written $

Class

1:27 PM

Net Premiums Earned $

Page 132

Net Claims and Adjusting Expenses $

TERRA NOVA INSURANCE COMPANY LIMITED

Earned Loss Ratio %

Total 2008.......................... Total 2007.......................... Total 2006.......................... Total 2005.......................... Total 2004..........................

–29,000 –1,315,000 –1,344,000 –4,314,000 –4,000 –4,318,000 –2,000 –13,810,000 –26,000 —————–19,500,000 32,000 –29,000 –71,000 118,000

–29,000 –1,315,000 –1,344,000 –4,314,000 –4,000 –4,318,000 –2,000 –13,810,000 –26,000 —————–19,500,000 32,000 –29,000 –71,000 118,000

Underwriting Result 2008: –$2,751,000 2005: –$3,547,000

2007: 2004:

–29,000 –1,144,000 –1,173,000 –3,753,000 –4,000 –3,757,000 –2,000 –12,016,000 –26,000 —————–16,974,000 –156,000 223,000 3,030,000 912,000

100.00 87.00 87.28 87.00 100.00 87.01 100.00 87.01 100.00 ———87.05 –487.50 –768.97 –4,267.61 772.88

% Growth Rate (NPW) .................–61,037.50 % of Market (NPW) ...........................–0.05 Earned Loss Ratio.............................87.05 Total Expense Ratio ..........................–1.15 Combined Loss & Exp. Ratio ............85.90 Return on Equity................................85.28

–$11,000 –$1,652,000

2006:

–$628,000

Prop. - Personal................. Prop. - Commercial............ Prop. - Total ....................... Auto. - Liability ................... Auto. - Total ....................... Fidelity ............................... Hail .................................... Liability............................... Surety ................................ Marine................................ Total 2008.......................... Total 2007.......................... Total 2006.......................... Total 2005.......................... Total 2004..........................

T.H.E. INSURANCE COMPANY

R-US

Steven Frye, Chief Agent 200 University Ave, 14th Floor Toronto ON M5H 3C6 www.theinsco.com sfrye@cooksonwalker.on.ca 6,000 2,000 8,000 42,000 —————50,000 63,000 100,000 145,000

6,000 2,000 8,000 35,000 —————43,000 91,000 125,000 216,000

2008 Direct Premiums Written: +$55,000

— — — 26,000 —————26,000 21,000 –120,000 103,000

— — — 74.29 ———60.47 23.08 –96.00 47.69

Growth: –21.43%

2008 Underwriting Performance Summary Reinsurance Assumed ...............................— Reinsurance Ceded ..............................5,000 Net Premiums Written .........................50,000 Net Premiums Earned.........................43,000 Net Claims & Adj Exp..........................26,000 Commissions.........................................8,000 Taxes ....................................................2,000 General Expenses.............................127,000 Undrwtg. Profit/Loss........................–120,000 Investment Income............................138,000

Underwriting Result 2008: –$120,000 2005: –$33,000 132

2007:

4,823,000 2,870,000 7,693,000 8,189,000 8,189,000 94,000 — 9,804,000 200,000 1,440,000 —————27,420,000 40,082,000 39,488,000 37,697,000 41,635,000

5,011,000 3,415,000 8,426,000 8,158,000 8,158,000 94,000 — 10,470,000 200,000 1,026,000 —————28,374,000 40,477,000 40,294,000 39,618,000 37,743,000

3,466,000 2,344,000 5,810,000 8,723,000 8,723,000 471,000 26,000 8,496,000 122,000 574,000 —————24,222,000 20,754,000 28,659,000 32,021,000 36,075,000

69.17 68.64 68.95 106.93 106.93 501.06 — 81.15 61.00 55.95 ———85.37 51.27 71.12 80.82 95.58

2008 Underwriting Performance Summary % Growth Rate (NPW) ........................–31.59 % of Market (NPW) .............................0.08 Earned Loss Ratio.............................85.37 Total Expense Ratio ..........................26.57 Combined Loss & Exp. Ratio ..........111.94 Return on Equity..................................3.20

Reinsurance Assumed .................35,128,000 Reinsurance Ceded .......................7,708,000 Net Premiums Written ..................27,420,000 Net Premiums Earned..................28,374,000 Net Claims & Adj Exp...................24,222,000 Commissions..................................5,645,000 Taxes..........................................................— General Expenses..........................1,894,000 Undrwtg. Profit/Loss.....................–3,387,000 Investment Income.........................6,827,000

2007: 2004:

+$9,432,000 –$7,454,000

2006:

+$2,960,000

TRANSATLANTIC REINSURANCE COMPANY

www.compu-quote.com

Helping assess and develop marketing strategies through comparative quoting

Total 2008.......................... Total 2007.......................... Total 2006.......................... Total 2005..........................

Earned Loss Ratio %

Rating & statistical analysis

Powered by Compu-Quote

Auto. - Liability ................... Auto. - Other ...................... Auto. - Total ....................... Liability...............................

Net Claims and Adjusting Expenses $

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

Underwriting Result 2008: –$3,387,000 2005: –$1,537,000

Analytics

Net Premiums Earned $

R-F

2008 Underwriting Performance Summary Reinsurance Assumed ...............................— Reinsurance Ceded .....................19,500,000 Net Premiums Written ................–19,500,000 Net Premiums Earned................–19,500,000 Net Claims & Adj Exp.................–16,974,000 Commissions ..............................................— Taxes..........................................................— General Expenses.............................225,000 Undrwtg. Profit/Loss.....................–2,751,000 Investment Income............................768,000

Net Premiums Written $

R-UK

Brian Reeve, Chief Agent for Canada 40 King St. W., Suite 2100 Toronto ON M5H 3C2 416-864-0500 Fax 416-864-1030 Prop. - Personal................. Prop. - Commercial............ Prop. - Total ....................... Auto. - Liability ................... Auto. - Other ...................... Auto. - Total ....................... Fidelity ............................... Liability............................... Surety ................................

Class

R-US

Cameron MacDonald, Chief Agent For Canada 145 Wellington St. W. Toronto ON M5J 1H8 416-596-0366 Fax 416-971-8782 http://www.transre.com cmacdonald@transre.com Prop. - Commercial............ Prop. - Total ....................... Aircraft ............................... Auto. - Liability ................... Auto. - Other ...................... Auto. - Total ....................... Boiler & Machinery ............ Credit ................................. Fidelity ............................... Liability............................... Surety ................................ Marine................................ Accident & Sickness .......... Total 2008.......................... Total 2007.......................... Total 2006.......................... Total 2005.......................... Total 2004..........................

50,125,000 50,125,000 90,000 11,795,000 664,000 12,459,000 350,000 655,000 437,000 14,754,000 9,323,000 68,000 — —————88,261,000 108,293,000 102,123,000 91,563,000 80,524,000

53,531,000 53,531,000 152,000 12,019,000 596,000 12,615,000 1,628,000 655,000 698,000 16,348,000 8,434,000 58,000 — —————94,119,000 107,001,000 98,364,000 88,584,000 81,992,000

24,232,000 24,232,000 7,000 335,000 274,000 609,000 722,000 303,000 111,000 10,131,000 333,000 –7,000 1,000 —————36,442,000 46,958,000 48,881,000 53,133,000 51,577,000

45.27 45.27 4.61 2.79 45.97 4.83 44.35 46.26 15.90 61.97 3.95 –12.07 — ———38.72 43.89 49.69 59.98 62.90

2008 Underwriting Performance Summary % Growth Rate (NPW) ........................–20.63 % of Market (NPW) .............................0.00 Earned Loss Ratio.............................60.47 Total Expense Ratio ........................318.60 Combined Loss & Exp. Ratio ..........379.07 Return on Equity................................18.20

–$80,000

2006:

+$103,000

Reinsurance Assumed ...............298,607,000 Reinsurance Ceded ...................210,346,000 Net Premiums Written ..................88,261,000 Net Premiums Earned..................94,119,000 Net Claims & Adj Exp...................36,442,000 Commissions................................19,467,000 Taxes ....................................................1,000 General Expenses..........................3,316,000 Undrwtg. Profit/Loss.....................34,893,000 Investment Income.........................7,227,000

Underwriting Result 2008: +$34,893,000 2005: +$13,637,000

2007: 2004:

% Growth Rate (NPW) ........................–18.50 % of Market (NPW) .............................0.25 Earned Loss Ratio.............................38.72 Total Expense Ratio ..........................24.21 Combined Loss & Exp. Ratio ............62.93 Return on Equity................................15.66

+$32,728,000 +$12,101,000

2006:

+$24,111,000

canadianunderwriter.ca CANADIAN UNDERWRITER STATISTICAL ISSUE 2009


p 120-134 REINSURANCE.chp

5/21/09

10:53 AM

Page 133

The only National Claims magazine that puts Your Advertising Message Right-On-Target. Claims Canada magazine covers ALL segments of Canada’s claims market – reaching over 8500+ Insurance & Claims Professionals “nationally” • Insurance Company Claims Managers, Adjusters and Executives • Canadian Independent Adjusters’ Association (CIAA) Members • L’Association Canadienne Des Experts Independants (ACEI) • Independent Adjusters (non CIAA members) • Corporate Risk & Insurance Managers • Insurance Broker/Agents • Insurance Law Firms • Forensic Engineers & Accountants • Professional Insurance Associations • Restoration, Rehabilitation, & Collision Repair Professionals • Automotive Recyclers & Appraisers

TOTAL NATIONAL CIRCULATION

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Every issue of Claims Canada magazine guarantees that your marketing message is taking aim at

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8593

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p 120-134 REINSURANCE.chp

Class

5/21/09

1:28 PM

Net Premiums Written $

Net Premiums Earned $

Page 134

Net Claims and Adjusting Expenses $

Earned Loss Ratio %

Class

Net Premiums Written $

Net Premiums Earned $

Net Claims and Adjusting Expenses $

Earned Loss Ratio %

XL REINSURANCE AMERICA, INC CANADIAN BRANCH R-US John Game, Senior Vice-President & Chief Agent 80 Bloor St. W., Suite 1202 Toronto ON M5S 2V1 416-928-2430 Fax 416-928-2459 Prop. - Personal................. Prop. - Commercial............ Prop. - Total ....................... Auto. - Liability ................... Auto. - Other ...................... Auto. - Total ....................... Fidelity ............................... Hail .................................... Liability............................... Surety ................................ Total 2008.......................... Total 2007.......................... Total 2006.......................... Total 2005.......................... Total 2004..........................

2,002,000 3,901,000 5,903,000 556,000 828,000 1,384,000 — 74,000 454,000 –3,000 —————7,812,000 16,517,000 24,173,000 15,196,000 23,335,000

2,119,000 4,375,000 6,494,000 602,000 812,000 1,414,000 — 63,000 448,000 –3,000 —————8,416,000 21,237,000 21,739,000 17,277,000 25,475,000

712,000 2,723,000 3,435,000 3,405,000 –739,000 2,666,000 1,000 315,000 2,252,000 –22,000 —————8,647,000 6,572,000 4,079,000 9,765,000 12,357,000

33.60 62.24 52.89 565.61 –91.01 188.54 — 500.00 502.68 733.33 ———102.74 30.95 18.76 56.52 48.51

Reinsurance Assumed .................12,635,000 Reinsurance Ceded .......................4,823,000 Net Premiums Written ....................7,812,000 Net Premiums Earned....................8,416,000 Net Claims & Adj Exp.....................8,647,000 Commissions..................................2,101,000 Taxes..........................................................— General Expenses..........................1,686,000 Undrwtg. Profit/Loss.....................–4,018,000 Investment Income.........................4,077,000

Underwriting Result 2008: –$4,018,000 2005: +$3,282,000

2007: 2004:

Prop. - Commercial............ Prop. - Total ....................... Aircraft ............................... Auto. - Liability ................... Auto. - Total ....................... Fidelity ............................... Liability............................... Surety ................................ Accident & Sickness .......... Total 2008.......................... Total 2007.......................... Total 2006.......................... Total 2005.......................... Total 2004..........................

30,253,000 30,253,000 –6,000 3,417,000 3,417,000 7,000 56,791,000 450,000 — —————90,912,000 104,627,000 121,002,000 85,798,000 72,238,000

34,631,000 34,631,000 –6,000 3,186,000 3,186,000 5,000 55,289,000 450,000 — —————93,555,000 109,212,000 102,329,000 83,458,000 66,752,000

19,095,000 19,095,000 73,000 4,307,000 4,307,000 14,000 34,649,000 –1,026,000 6,000 —————57,118,000 42,268,000 54,863,000 59,034,000 49,039,000

2008 Direct Premiums Written: +$53,664,000

2008 Underwriting Performance Summary % Growth Rate (NPW) ........................–52.70 % of Market (NPW) .............................0.02 Earned Loss Ratio...........................102.74 Total Expense Ratio ..........................45.00 Combined Loss & Exp. Ratio ..........147.74 Return on Equity..................................1.09

+$7,581,000 +$8,311,000

2006:

+$10,283,000

R-F

Christopher Colle, Branch Director and Chief Agent Scotia Plaza, 100 Yonge St. Suite 1702 Toronto ON M5C 2W1 416-598-1084 Fax 416-598-1980 www.xlre.com michelle.mcmann@xlgroup.com 55.14 55.14 –1,216.67 135.19 135.19 280.00 62.67 –228.00 — ———61.05 38.70 53.61 70.73 73.46

Growth: –8.01%

2008 Underwriting Performance Summary Reinsurance Assumed .................38,103,000 Reinsurance Ceded ..........................855,000 Net Premiums Written ..................90,912,000 Net Premiums Earned..................93,555,000 Net Claims & Adj Exp...................57,118,000 Commissions................................23,469,000 Taxes .............................................1,675,000 General Expenses........................11,836,000 Undrwtg. Profit/Loss..........................981,000 Investment Income.......................20,560,000

Underwriting Result 2008: +$981,000 2005: –$2,668,000

2007: 2004:

% Growth Rate (NPW) ........................–13.11 % of Market (NPW) .............................0.25 Earned Loss Ratio.............................61.05 Total Expense Ratio ..........................39.53 Combined Loss & Exp. Ratio ..........100.58 Return on Equity..................................7.08

+$25,665,000 –$2,905,000

2006:

+$14,896,000

2008 PROVINCIAL GOVERNMENT INSURERS SASKATCHEWAN AUTO FUND

G-C

Earl Cameron, Acting President 2260 11th Avenue Regina SK S4P 0J9 306-751-1200 Fax 306-565-8666 www.sgi.sk.ca Auto. - Liability ................... Auto. - Pers. Acc................ Auto. - Other ...................... Auto. - Total ....................... Total 2008.......................... Total 2007.......................... Total 2006.......................... Total 2005.......................... Total 2004..........................

21,716,000 187,522,000 401,254,000 610,492,000 —————610,492,000 559,246,000 560,432,000 519,691,000 525,146,000

23,161,000 178,531,000 386,226,000 587,918,000 —————587,918,000 557,087,000 542,204,000 519,954,000 512,369,000

15,471,000 177,803,000 357,616,000 550,890,000 —————550,890,000 532,217,000 449,072,000 460,208,000 392,689,000

2008 Direct Premiums Written: +$612,743,000 2008 Underwriting Performance Summary Reinsurance Assumed ...............................— Reinsurance Ceded .......................2,251,000 Net Premiums Written ................610,492,000 Net Premiums Earned................587,918,000 Net Claims & Adj Exp.................550,890,000 Commissions................................29,145,000 Taxes ...........................................29,510,000 General Expenses........................58,677,000 Undrwtg. Profit/Loss...................–80,304,000 Investment Income.......................29,405,000

Underwriting Result 2008: –$80,304,000 2005: –$26,474,000 134

2007: 2004:

66.80 99.59 92.59 93.70 ———93.70 95.54 82.82 88.51 76.64

Growth: +9.19%

% Growth Rate (NPW)................................— % of Market (NPW).................................— Earned Loss Ratio.............................93.70 Total Expense Ratio ..........................19.96 Combined Loss & Exp. Ratio ..........113.66 Return on Equity..............................–14.22

–$80,115,000 +$40,578,000

2006:

+$2,240,000

canadianunderwriter.ca CANADIAN UNDERWRITER STATISTICAL ISSUE 2009


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Page 135

2008 LIFE INSURANCE IN CANADA Aetna Life Insurance Company Colleen Sexsmith, Chief Agent 1145 Nicholson Rd, Unit 2 Newmarket ON L3Y 9C3 905-853-0858 Fax 905-853-0183 Key Metrics (Canada) Total Assets ............................................................................................... Total Liabilities ........................................................................................... Head Office Account.................................................................................. Total Premium Income .............................................................................. Net Income ................................................................................................ Non-Participating In Canada Business Individual Life Premiums Written ............................................................... Group Life Premiums Written .................................................................... Group A&S Premiums Written ...................................................................

American Health and Life Insurance Company Henryka Anderson, Chief Agent 355 Wellington St London ON N6A 3N7 519-680-4738 Fax 866-897-8985 Key Metrics (Canada) Total Assets ............................................................................................... Total Liabilities ........................................................................................... Head Office Account.................................................................................. Total Premium Income .............................................................................. Net Income ................................................................................................ Non-Participating In Canada Business Individual Life Premiums Written ............................................................... Group Life Premiums Written ....................................................................

Assurant Life of Canada 500-5160 Yonge St Toronto ON M2N 7C7 Fax 416-733-7826 Toll Free 800-561-3232 Key Metrics (Canada) Total Consolidated Assets ......................................................................... Total Consolidated Liabilities ..................................................................... Total PH and Shareholder Equity (inc. non-controlling interests).............. Total Consolidated Premium Income ........................................................ Net Income ............................................................................................... Non-Participating In Canada Business (Consolidated) Individual Life Premiums Written ............................................................... Group Life Premiums Written .................................................................... Individual Annuity Premiums Written ......................................................... Group Annuity Premiums Written ..............................................................

AXA Assurances Inc.

Life 2 Canadian Premier Life Insurance Company

58,213,000 16,635,000 40,674,000 2,193,000 976,000 61,000 369,000 1,763,000

Blue Cross Life Insurance Company of Canada 644 Main St, PO Box 220 Moncton NB E1C 8L3 506-853-1811 Fax 506-867-4646 www.bluecross.ca Key Metrics (Canada) Total Consolidated Assets ......................................................................... Total Consolidated Liabilities ..................................................................... Total PH and Shareholder Equity (inc. non-controlling interests) .............. Total Consolidated Premium Income ........................................................ Net Income ............................................................................................... Non-Participating In Canada Business (Consolidated) Individual Life Premiums Written ............................................................... Group Life Premiums Written .................................................................... Individual A&S Premiums Written.............................................................. Group A&S Premiums Written ................................................................... CANADIAN UNDERWRITER STATISTICAL ISSUE 2009

Life 1

15,760,000 83,047,000 132,713,000 174,400,000 24,522,000 40,000,000 55,351,000 40,000,000 118,969,000

Life 2 Canassurance Insurance Company

153,222,000 42,826,000 102,603,000 12,926,000 16,391,000 12,891 35,000

Life 1

659,982,000 603,525,000 56,457,000 140,629,000 48,968,000 21,135,000 33,062,000 19,126,000 67,306,000

Life 1

Jean-Francois Blais, President and Chief Executive Officer Robert Landry, Executive Vice President, Life Insurance and Financial Services 514-282-1914 Fax 514-282-9871

Key Metrics (Canada) Total Consolidated Assets ......................................................................... Total Consolidated Liabilities ..................................................................... Total PH and Shareholder Equity (inc. non-controlling interests) .............. Total Consolidated Premium Income ........................................................ Net Income ............................................................................................... Non-Participating In Canada Business (Consolidated) Individual Life Premiums Written ............................................................... Group Life Premiums Written .................................................................... Individual Annuity Premiums Written ......................................................... Individual A&S Premiums Written.............................................................. Group A&S Premiums Written ...................................................................

Isaac Sananes, B.A. ALHC, President & CEO 80 Tiverton Court, 5th Floor Markham ON L3R 0G4 905-948-2103 Fax 905-479-3224 Key Metrics (Canada) Total Consolidated Assets ......................................................................... Total Consolidated Liabilities ..................................................................... Total PH and Shareholder Equity (inc. non-controlling interests) .............. Total Consolidated Premium Income ........................................................ Net Income ................................................................................................ Non-Participating In Canada Business (Consolidated) Individual Life Premiums Written ............................................................... Group Life Premiums Written .................................................................... Individual A&S Premiums Written.............................................................. Group A&S Premiums Written ...................................................................

Claude Boivin, CA 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 ......................................................................... Total Consolidated Liabilities ..................................................................... Total PH and Shareholder Equity (inc. non-controlling interests) .............. Total Consolidated Premium Income ........................................................ Net Income ............................................................................................... Non-Participating In Canada Business (Consolidated) Individual Life Premiums Written ............................................................... Group Life Premiums Written .................................................................... Individual A&S Premiums Written.............................................................. Group Group A&S Premiums Written ........................................................

Cigna Life Insurance Company of Canada

51,353,000 4,198,000 4,981,000 18,861,000 46,904,000

Life 1

316,604,000 244,490,000 72,114,000 132,674,000 4,243,000 13,438,000 42,257,000 4,979,000 72,000,000

86,679,000 55,493,000 31,186,000 32,699,000 â&#x20AC;&#x201C;476,000 860,000 2,042,000 22,636,000 2,945,000

Life 1

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 ......................................................................... Total Consolidated Liabilities ..................................................................... Total PH and Shareholder Equity (inc. non-controlling interests) .............. Total Consolidated Premium Income ........................................................ Net Income ................................................................................................

Combined Insurance Company of America

705,074,000 601,585,000 103,489,000 126,397,000 8,342,000

Life 1

7300 Warden Ave, Suite 300 Markham ON L3R 0X3 Key Metrics (Canada) Total Assets ............................................................................................... Total Liabilities ........................................................................................... Head Office Account.................................................................................. Total Premium Income .............................................................................. Net Income ................................................................................................ Non-Participating In Canada Business Individual Life Premiums Written ............................................................... Group Life Premiums Written .................................................................... Individual A&S Premiums Written.............................................................. Group A&S Premiums Written ...................................................................

Connecticut General Life Insurance Company

41,084,000 26,681,000 14,403,000 11,337,000 3,209,000

Life 2

590,144,000 225,591,000 353,884,000 218,076,000 51,621,000 12,446,000 274,000 204,374,000 982,000

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 ............................................................................................... Total Liabilities ........................................................................................... Head Office Account.................................................................................. Total Premium Income .............................................................................. Net Income ................................................................................................ Non-Participating In Canada Business Individual Life Premiums Written ............................................................... Group Life Premiums Written .................................................................... Group A&S Premiums Written ...................................................................

100,166,000 78,778,000 18,691,000 3,963,000 â&#x20AC;&#x201C;5,004,000 2,545,000 4,000 1,414,000 135


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CUNA Mutual Insurance Society 151 North Service Rd PO Box 5065 Burlington ON L7R 4C2 Key Metrics (Canada) Total Assets ............................................................................................... Total Liabilities ........................................................................................... Head Office Account.................................................................................. Total Premium Income .............................................................................. Net Income ................................................................................................

Faithlife Financial 470 Weber St N Waterloo ON N2J 4G4 519-886-4610 Fax 519-886-0350 www.faithlifefinancial.ca Key Metrics (Canada) Total Consolidated Assets ......................................................................... Total Consolidated Liabilities ..................................................................... Total PH and Shareholder Equity (inc. non-controlling interests) .............. Total Consolidated Premium Income ........................................................ Net Income ................................................................................................

General American Life Insurance Company Andre St-Amour, Chief Agent 1255 Peel, Suite 1000 Montreal QC H3B 2T9 514-985-5260 Fax 514-985-3066 Key Metrics (Canada) Total Assets ............................................................................................... Total Liabilities ........................................................................................... Head Office Account.................................................................................. Total Premium Income .............................................................................. Net Income ................................................................................................ Non-Participating In Canada Business Individual Life Premiums Written ...............................................................

Gerber 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 ............................................................................................... Total Liabilities ........................................................................................... Head Office Account.................................................................................. Total Premium Income .............................................................................. Net Income ................................................................................................ Non-Participating In Canada Business Individual Life Premiums Written ...............................................................

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 ............................................................................................... Total Liabilities ........................................................................................... Head Office Account.................................................................................. Total Premium Income .............................................................................. Net Income ................................................................................................ Non-Participating In Canada Business Group A&S Premiums Written ...................................................................

Life Insurance Company of North America

Life 2 Primerica Life Insurance Company of Canada

21,596,000 15,594,000 6,002,000 126,000 –29,000

Life 1

297,829,000 265,974,000 31,855,000 21,814,000 907,000

Life 2

1,201,185,000 430,282,000 770,903,000 204,333,000 119,509,000 204,333,000

Life 2

22,902,000 7,689,000 14,511,000 2,684,000 189,000 2,684,000

23,297,000 4,192,000 19,263,000 383,000 –872,000 383,000

136

Life 1

531,736,000 32,674,000 499,062,000 191,717,000 63,071,000 191,666,000 14,000 37,000

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 ......................................................................... Total Consolidated Liabilities ..................................................................... Total PH and Shareholder Equity (inc. non-controlling interests) .............. Total Consolidated Premium Income ........................................................ Net Income ............................................................................................... Non-Participating In Canada Business (Consolidated) Individual Life Premiums Written ............................................................... Group Life Premiums Written .................................................................... Individual A&S Premiums Written.............................................................. Group A&S Premiums Written ..................................................................

RGA Life Reinsurance Company of Canada Alain Neemeh, President & CEO 1255 Peel, Suite 1000 Montreal QC H3B 3T9 514-985-5260; Fax 514-985-3066 Key Metrics Total Consolidated Assets ......................................................................... Total Consolidated Liabilities ..................................................................... Total PH and Shareholder Equity (inc. non-controlling interests) .............. Total Consolidated Premium Income ........................................................ Net Income ................................................................................................ Non-Participating In Canada Business (Consolidated) Individual Life Premiums Written ............................................................... Group Life Premiums Written .................................................................... Individual Annuity Premiums Written ......................................................... Group A&S Premiums Written ...................................................................

Life 2 Scor Global Life Francois Lemieux, Executive Vice-President and Chief Agent 1250 boul, Rene Levesque Quest; Bureau 4510 Montreal QC H3B 4W8 514-933-6994; Fax 514-933-6435 Key Metrics (Canada) Total Assets ............................................................................................... Total Liabilities ........................................................................................... Head Office Account.................................................................................. Total Premium Income .............................................................................. Net Income ................................................................................................ Non-Participating In Canada Business Individual Life Premiums Written ............................................................... Group Life Premiums Written .................................................................... Individual A&S Premiums Written.............................................................. Group A&S Premiums Written ...................................................................

54,033,000 25,626,000 28,407,000 51,434,000 2,481,000 –1,878,000 50,000 52,699,000 563,000

Life 1

3,358,640,000 2,904,709,000 453,931,000 119,902,000 10,511,000 53,120,000 39,023,000 180,000 27,579,000

Life 2

315,218,000 212,008,000 95,142,000 85,890,000 7,171,000 26,734,000 7,460,000 25,443,000 26,253,000

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 ............................................................................................... Total Liabilities ........................................................................................... Head Office Account.................................................................................. Total Premium Income .............................................................................. Net Income ................................................................................................ Non-Participating In Canada Business Group Life Premiums Written .................................................................... Group A&S Premiums Written ...................................................................

2000 Argentia Rd Mississauga ON L5N 2R7 905-812-2900 Fax 905-813-5316 Key Metrics Total Consolidated Assets ......................................................................... Total Consolidated Liabilities ..................................................................... Total PH and Shareholder Equity (inc. non-controlling interests) .............. Total Consolidated Premium Income ........................................................ Net Income ............................................................................................... Non-Participating In Canada Business (Consolidated) Individual Life Premiums Written ............................................................... Individual Annuity Premiums Written ......................................................... Individual A&S Premiums Written..............................................................

State Farm International Life Insurance Company Ltd.

Life 2

Robert J. Cooke, Senior Vice-President 333 First Commerce Dr Aurora ON L4G 8A4 416-290-4100; Fax 416-290-4970 43,103,000 24,574,000 17,456,000 3,082,000 –823,000 1,074,000 2,008,000

Key Metrics (Canada) Total Assets ............................................................................................... Total Liabilities ........................................................................................... Head Office Account.................................................................................. Total Premium Income .............................................................................. Net Income ................................................................................................

1,099,026,000 895,785,000 181,314,000 116,425,000 –13,107,000

canadianunderwriter.ca CANADIAN UNDERWRITER STATISTICAL ISSUE 2009


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Stonebridge Life Insurance Company Isaac Sananes, B.A. ALHC, Chief Agent 80 Tiverton Court, 5th Floor Markham ON L3R 0G4 905-948-2103, Fax 905-479-3224 Key Metrics (Canada) Total Assets ............................................................................................... Total Liabilities ........................................................................................... Head Office Account.................................................................................. Total Premium Income .............................................................................. Net Income ................................................................................................ Non-Participating In Canada Business Group A&S Premiums Written ...................................................................

Sun Life Assurance Company of Canada Donald A Stewart, Chief Executive Officer 150 King St W Toronto ON M5H 1J9 416-979-9966, Fax 416-585-9546 Key Metrics Total Consolidated Assets ......................................................................... Total Consolidated Liabilities ..................................................................... Total PH and Shareholder Equity (inc. non-controlling interests) .............. Total Consolidated Premium Income ........................................................ Net Income ............................................................................................... Non-Participating In Canada Business (Consolidated) Individual Life Premiums Written ............................................................... Group Life Premiums Written .................................................................... Individual Annuity Premiums Written ......................................................... Group Annuity Premiums Written .............................................................. Individual A&S Premiums Written.............................................................. Group A&S Premiums Written ...................................................................

Life 2 L’Union-Vie, compagnie mutuelle d’assurance

51,716,000 2,779,000 48,209,000 2,335,000 6,049,000 2,335,000

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@union-vie.qc.ca Key Metrics Total Consolidated Assets ......................................................................... Total Consolidated Liabilities ..................................................................... Total PH and Shareholder Equity (inc. non-controlling interests) .............. Total Consolidated Premium Income ........................................................ Net Income ................................................................................................ Non-Participating In Canada Business (Consolidated) Individual Life Premiums Written ............................................................... Group Life Premiums Written .................................................................... Individual Annuity Premiums Written ......................................................... Individual A&S Premiums Written.............................................................. Group A&S Premiums Written ...................................................................

The Wawanesa Life Insurance Company 92,081,157,000 81,636,459,000 10,444,698,000 10,643,480,000 1,506,414,000 775,780,000 615,915,000 419,903,000 692,321,000 122,031,000 2,533,933,000

K. McCrea, President & CEO 191 Broadway 204-985-3940, Fax 204-985-3872 www.wawanesalife.com Key Metrics Total Consolidated Assets ......................................................................... Total Consolidated Liabilities ..................................................................... Total PH and Shareholder Equity (inc. non-controlling interests) .............. Total Consolidated Premium Income ........................................................ Net Income ................................................................................................ Non-Participating In Canada Business (Consolidated) Individual Life Premiums Written ............................................................... Group Life Premiums Written .................................................................... Individual Annuity Premiums Written ......................................................... Group A&S Premiums Written ...................................................................

Western Life Assurance Company Life 1 Paul Reaburn, C.E.O. 5000 Yonge St Toronto ON M2N 7J8 416-883-5000, Fax 416-883-5114 Key Metrics Total Consolidated Assets ......................................................................... Total Consolidated Liabilities ..................................................................... Total PH and Shareholder Equity (inc. non-controlling interests) .............. Total Consolidated Premium Income ........................................................ Net Income ................................................................................................ Non-Participating In Canada Business (Consolidated) Individual Life Premiums Written ............................................................... Individual Annuity Premiums Written ......................................................... Individual A&S Premiums Written..............................................................

6,460,035,000 5,656,968,000 803,067,000 428,810,000 –583,436,000 402,305,000 25,014,000 1,113,000

1010-24th St SE High River AB T1V 2A7 403-652-2663, Fax 403-652-2673 www.westernlife.com Key Metrics Total Consolidated Assets ......................................................................... Total Consolidated Liabilities ..................................................................... Total PH and Shareholder Equity (inc. non-controlling interests) .............. Total Consolidated Premium Income ........................................................ Net Income ................................................................................................ Non-Participating In Canada Business (Consolidated) Individual Life Premiums Written ............................................................... Group Life Premiums Written .................................................................... Individual Annuity Premiums Written ......................................................... Individual A&S Premiums Written.............................................................. Group A&S Premiums Written ...................................................................

Life 1

647,634,000 541,658,000 105,976,000 72,371,000 12,625,000 26,390,000 1,439,000 17,127,000 657,000 22,699,000

Life 1

493,230,000 392,745,000 100,485,000 85,675,000 4,662,000 19,494,000 3,972,000 21,077,000 20,138,000

Life 1

74,892,000 51,207,000 23,685,000 8,510,000 1,009,000 6,101,000 4,509,000 2,000 1,059,000 20,856,000

ADVERTISERS’ INDEX ACE INA Insurance Applied Systems Canada Inc. The ARC Group Canada Inc. Assured Automotive Aviva Canada Inc. AXA Canada AXIS Reinsurance Company (Canadian Branch) Berkley Underwriting Managers Canada, Ltd. The Boiler Inspection and Insurance Company of Canada Canadian Litigation Councel canadianunderwriter.ca Caisse Centrale De Reassurance (CCR) CARSTAR Automotive Canada Chubb Insurance Claims Canada magazine CNA Canada Collision Solutions Network (CSN) Compu-Quote, Inc. Co-operators General Insurance Company Crawford & Company (Canada) Inc. Cunningham Lindsey Canada e2Value Inc. The Economical Insurance Group FirstOnSite Restoration FIX Auto FM Global Giffen Koerth Smart Forensics CANADIAN UNDERWRITER STATISTICAL ISSUE 2009

75 49 20 21 2 (IFC) 79 19 29 81 17 129 121 53 83 133 85 37 59 87 45 9 61 89 22, 23 31 91 33

The Guarantee Company of North America Great American Insurance Group Guy Carpenter i-hire.ca Insurance Institute of Canada Intact Insurance Liberty International Underwriters McLarens Canada MINT Canadian Specialty Munich Reinsurance Company of Canada Northbridge Financial Corporation Ontario Insurance Directory Paul Davis Systems (PDS) Peace Hills Insurance PPG Canada Inc. RIMS Canada Conference – St. John’s 2009 SCOR Canada Reinsurance Company ServiceMaster of Canada Limited The Sovereign General Insurance Company Travelers TOA Re The Wawanesa Mutual Insurance Company WICC WINMAR Xactware XL Insurance Zurich Canada

95 11, 14 4, 5 10, 12, 84 3 97 99 27 35 125 101 131 38 25 43 63 127 41 111 113 57 117, 140 (OBC) 138 155 (IBC) 28 7 119 137


p 138 WICC

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WICC Announces Two New National Sponsors at the Platinum Level WICC is delighted to announce two recent additions at the Platinum Level to its National Sponsorship Program, representing a commitment of $45,000 over three years for each sponsor:

Wawanesa Insurance saw a close fit with WICC and our philanthropic donation program, according to George Bass, VP, General Counsel and Secretary of Wawanesa. WICC is expanding nationally which fits for us as a Canadian insurer with national presence. WICC is a good match for us in other ways from a philanthropic standpoint we look for programs with broad community benefit and wide community support. WICC, with its continually developing presence in insurance communities, and through its partnership with Canadian Cancer Society, which receives 100% of funds raised, is completely in sync with our values and goals of philanthropic giving.

Supreme Collision is honoured to become the first collision network in Canada to endorse WICC as a National Sponsor at the Platinum Level according to Marty Reddick, President of Supreme Collision. As an organization, Supreme has always supported a variety of charities within our respective communities. In 2009, we decided we wanted to associate our organization with a charity that shared our core values and was capable of helping people on a national level. Knowing that 40% of women and 45% of men will develop cancer during their lifetime and that 166,000 new cases are recorded each year, was a significant factor in our decision.

These two companies are now a part of a very special group of WICC National Sponsors at the Platinum Level. WICC is extremely thankful to this group of organizations which share the vision and desire to put an end to cancer! WICC National Sponsors at the Platinum Level also include:

Design compliments of


p 139 Winmar W

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The full service restoration company with service locations across Canada. ALBERTA Calgary Edmonton

403-735-0607 780-488-8854

BRITISH COLUMBIA Kelowna Vancouver

250-862-3500 604-433-6000

NEW BRUNSWICK Bathurst (service bilingue) Fredericton Miramichi Moncton (service bilingue) Saint John

506-548-4650 506-455-0051 506-622-5710 506-859-8988 506-333-7622

NEWFOUNDLAND/LABRADOR St. Johnâ&#x20AC;&#x2122;s

709-754-9111

NOVA SCOTIA Halifax/Dartmouth 902-468-5899 New Glasgow 902-695-3511 Port Hawkesbury/Cape Breton 902-625-3366 Sydney 902-567-0400 ONTARIO Barrie Belleville Bracebridge Brampton Brantford/Simcoe Burlington Chatham Cobourg Collingwood

705-739-8996 613-961-5183 705-645-9494 905-459-4300 519-770-0050 905-331-1000 519-351-0225 905-373-1555 705-445-9904

Proud to be Canadian owned and operated.

Cornwall Dryden Fort Frances Georgian Bay/Muskoka Goderich/Clinton Guelph Hamilton Kingston Kitchener/Cambridge Leamington London Markham Mississauga Newmarket Oakville Orangeville Orillia Oshawa/Durham Ottawa Owen Sound Peterborough/Kawartha Sarnia Sault Ste. Marie Scarborough St. Catharines/Niagara Stratford St. Thomas Sudbury Thunder Bay Toronto Windsor

613-932-0200 807-623-8855 807-623-8855 705-549-9994 519-524-5600 519-826-0000 905-664-1200 613-542-0000 519-895-0000 519-326-7600 519-451-0000 905-415-3473 905-822-0000 905-868-9393 905-822-0000 519-940-8400 705-326-5996 905-728-9380 613-831-0041 519-372-0003 705-745-9894 519-541-0000 705-946-8765 416-452-4173 905-680-0101 519-273-0000 519-637-3900 705-524-3813 807-623-8855 416-213-8844 519-974-0000

SASKATCHEWAN Saskatoon

306-956-0000

For more information visit www.winmar.ca


p 140 wawanesa 2

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Insurance for a sound mind, body and soul

Salon Select Insurance Policy !N INSURANCE PRODUCT STYLED TO THE NEEDS OF 3ALON 3TUDIO AND 0ARLOUR /WNERS Salon Select Insurance Policy eligible businesses: s "ARBER 3HOPS s "EAUTY 0ARLOUR(AIR 3TYLING 3ALONS s $AY 3PAS s %AR"ODY 0IERCING 3TUDIOS s %LECTROLOGY /FFICES s -ASSAGE 4HERAPY s .AIL 3ALONS s 4ANNING 3TUDIOS s 4ATTOO0ERMANENT -AKE 5P 0ARLOURS

Salon Select Insurance Policy highlights: s #OVERAGE FOR #USTOMERS 0ROPERTY s )NDEPENDENT #ONTRACTORS INCLUDED AS %MPLOYEES s $ISCOUNTS FOR #LAIMS &REE 4ANNING #ERTIFICATION

AND 3TANDARD &IRST !ID #ERTIFICATES s /PTIONAL ,IABILITY %XTENSION FOR $AY #ARE 3ERVICES s /PTIONAL 0ROFESSIONAL ,IABILITY

www.wawanesa.com

Auto â&#x20AC;&#x201C; Home â&#x20AC;&#x201C; Business â&#x20AC;&#x201C; Farm â&#x20AC;&#x201C; Life and Group

2009 Statistical Issue June 2009  

Canada’s Insurance and Risk Magazine. Since 1934 Canadian Underwriter, Canada’s leading insurance journal, has provided insurance profession...

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