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2014 STATISTICAL ISSUE

C A N A D A’ S I N S U R A N C E A N D R I S K M A G A Z I N E . C A N A D I A N U N D E R W R I T E R . C A

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2014 STATISTICAL ISSUE A Coming-Of-Age Year: CATs Get Fierce BY GLENN McGILLIVRAY

JU N E 2 0 1 4 A Business Information Group Publication #40069240


Elliott Special Risks LP. A Markel International company

Commercial general liability Directors and oďŹƒcers liability Environmental impairment liability Marine program Professional liability Property and inland marine Security and protection industry Umbrella and excess liability

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VOL. 81, NO. 6, JUNE 2014

Index To Company Tables 6, 8 Index To Reinsurance Companies 10 Index To Life Insurance Companies 12 Candian Underwriter 80th Anniversary Retrospective 14 Editorial Summary 28 How The Private Companies Rank (Total Business) N.P.W. 42, 44 Companies Total Business N.P.W. By Company Name 46 How The Private Companies Rank (Property) N.P.W. 48 How The Private Companies Rank (Automobile) N.P.W. 50 2013 Underwriting Results Table — General Companies 52, 54, 55 Total Direct Written Business — By Province 56, 58, 59 Direct Written Auto — By Province 60, 62 Five Year Record By Classes 63 2013 Reinsurance Results Table 64 Direct Written Property — By Province 66, 68 2013 Underwriting Profit Producers 69 2013 Underwriting Loss Producers 69 2013 Total Insurance In Canada By Nationality Of Company 78 2013 Automobile Insurance In Canada By Nationality Of Company 78 2013 Property Insurance In Canada By Nationality Of Company 78 2013 Remaining Coverages In Canada By Nationality Of Company 78 2013 Total Insurance In Canada By Type Of Company 79 2013 Automobile Insurance In Canada By Type Of Company 79 2013 Property Insurance In Canada By Type Of Company 79 2013 Remaining Coverages In Canada By Type Of Company 79 2013 Canadian Underwriting Experience By Companies 80 2013 Reinsurance Companies Results 130 2013 Life Insurance In Canada 143 2013 Provincial Government Insurers 146

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canadianunderwriter.ca CANADIAN UNDERWRITER STATISTICAL ISSUE 2014


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COMPANY INDEX ACE INA Insurance

80

Federal Insurance Company

Affiliated FM Insurance Company

80

Fundy Mutual Insurance Company

100

AIG Insurance Company of Canada

82

Gore Mutual Insurance Company

100

Alberta Motor Association Insurance Company

80

Great American Insurance Company

100

Allianz Global Risks US Insurance Company

82

The Guarantee Company of North America

102

Allstate Insurance Company Of Canada

82

Hartford Fire Insurance Company

102

American Road Insurance Company

84

Industrielle Alliance Compagnie D’Assurances Generales

102

Antigonish Farmers Mutual Insurance Company

84

Intact Financial Corporation

104

Arch Insurance Company

84

The Kings Mutual Insurance Company

104

Associated Electric & Gas Insurance Services Ltd.

85

Lawyers’ Professional Indemnity Company

106

Atradius Credit Insurance N.V.

85

Legacy General Insurance Company

106

Aviva Canada Inc.

86

Liberty Mutual Insurance Company

104

Berkley Insurance Company

86

Lloyd’s Underwriters

106

The Boiler Inspection & Insurance Company Of Canada

86

The Mearie Group

107

CAA Insurance Company (Ontario)

88

Mennonite Mutual Fire Insurance Company

107

Canadian Direct Insurance

88

Mitsui Sumitomo Insurance Company Limited

107

La Capitale Compagnie D’Assurance Generale

88

Motors Insurance Corporation

108

Chicago Title Insurance Company

90

The Mutual Fire Insurance Co. Of British Columbia

108

Chubb Insurance Company of Canada

90

Northbridge Financial Corporation

109

Clare Mutual Insurance Company

90

North Waterloo Farmers Mutual Insurance Company

108

CNA Canada Group

92

Old Republic Insurance Company of Canada

Coachman Insurance Company

99

95

116

Omega General Insurance Company

109

Co-operative Hail Insurance Company Limited

92

Ontario Mutual Insurance Association

110

Co-operators General Insurance Company

92

Ontario School Board’s Insurance Exchange

110

Corepoint Insurance Company

94

Optimum General Inc

110

Cumis General Insurance Company

94

Pacific Coast Fishermen’s Mutual Marine Insurance Company

111

Desjardins General Insurance Group

94

Pafco Insurance Company

111

The Dominion Of Canada General Insurance Company

96

Peace Hills General Insurance Company

112

Echelon General Insurance Company

96

P.E.I. Mutual Insurance Company

111

The Economical Insurance Group

96

Pembridge Insurance Company

112

Le Groupe Estrie-Richelieu Compagnie D’Assurance

98

The Portage La Prairie Mutual Insurance Company

112

Euler Hermes North America Insurance Company

98

Protective Insurance Company

113

Everest Insurance Company Of Canada

98

The Insurance Company Of Prince Edward Island

117

Factory Mutual Insurance Company

99

RBC General Insurance Company

113

FCT

99

6

(Continued On Page 8)

canadianunderwriter.ca CANADIAN UNDERWRITER STATISTICAL ISSUE 2014


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CANADIAN UNDERWRITER STATISTICAL ISSUE 2011

7


COMPANY INDEX

(Continued From Page 6)

RBC Insurance Company of Canada

113

Temple Insurance Company

121

Red River Valley Mutual Insurance Company

114

TIG Insurance Company

121

RSA Canada Group

114

The Tokio Marine & Nichido Fire Insurance Company Limited

122

Saskatchewan Mutual Insurance Company

114

Travelers Canada

122

Security Insurance Company of Hartford

116

Trisura Guarantee Insurance Company

122

SGI Canada Group

116

Triton Insurance

123

SGI Canada Insurance Services

117

Unica Insurance Inc.

123

Sompo Japan Insurance Inc.

117

L’Unique Compagnie D’Assurances Generales

123

The Sovereign General Insurance Company

118

Utica Mutual Insurance Company Limited

124

SSQ, Societe D’Assurances Generales Inc.

118

The Wawanesa Mutual Insurance Company

124

State Farm Fire & Casualty Company

120

Western Financial Insurance

124

State Farm Insurance Company

118

Western Surety Company

126

State Farm Mutual Automobile Insurance Company

120

Wynward Insurance Group

126

Stewart Title Guaranty Company

120

XL Insurance

128

TD Insurance, General Insurance

121

Zurich Insurance Company Ltd (Canadian Branch)

128


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REINSURANCE COMPANIES Alea (Bermuda) Ltd.

130

SCOR Canada Reinsurance Company

138

Aspen Insurance UK Limited

130

Sirius America Insurance Company

138

Caisse Centrale de Reassurance

130

Swiss Reinsurance Company Ltd.

140

Everest Reinsurance Company

132

Swiss Reinsurance Group

138

Farm Mutual Reinsurance Plan

132

T.H.E. Insurance Company

140

General Reinsurance Corporation

132

The Toa Reinsurance Company of America

141

Hannover Ruckversicherung AG

133

Transatlantic Reinsurance Company

141

MAPFRE Re Compania De Reaseguros, S.A.

133

Westport Insurance Corporation

140

Munich Reinsurance America Inc

133

XL Reinsurance America, Inc. Canadian Branch

141

Munich Reinsurance Company Of Canada

134

Munich Reinsurance Canada Group

134

Nipponkoa Insurance Company Limited

134

PROVINCIAL GOVERNMENT INSURERS

Odyssey America Reinsurance Corporation

136

Insurance Corporation of British Columbia

146

Partner Reinsurance Company of the U.S.

136

Saskatchewan Auto Fund

146

Promutuel Reassurance

136

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canadianunderwriter.ca CANADIAN UNDERWRITER STATISTICAL ISSUE 2014


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LIFE INSURANCE COMPANIES Aetna Life Insurance Company

143

Life Insurance Company Of North America

144

American Health & Life Insurance Company

143

Primerica Life Insurance Company Of Canada

144

Canassurance, compagnie d’assurance-vie inc.

128

Reliable Life Insurance Company

144

Cigna Life Insurance Company Of Canada

143

ReliaStar Life Insurance Company

144

Connecticut General Life Insurance Company

143

RGA Life Reinsurance Company Of Canada

144

The Empire Life Insurance Company

143

Scor Global Life

144

The Equitable Life Insurance Company of Canada

143 SSQ Life Insurance Company Inc.

144

Faithlife Financial

143

State Farm International Life Insurance Company Ltd.

145

General American Life Insurance Company

144

Sun Life Assurance Company Of Canada

145

Gerber Life Insurance Company

144

L’Union-Vie, compagnie mutuelle d’assurance

145

Hartford Life Insurance Company

144

The Wawanesa Life Insurance Company

145

ADVERTISERS’ INDEX ACE INA Insurance

81

Great American Insurance Group

AIG Insurance Company of Canada

83

The Guarantee Company of North America

The ARC Group Canada Inc.

31

Hagerty Classic Car Insurance

9

Assured Automotive

47

Insurance Institute of Canada

3

Audatex Canada

43

The Insurance Marketer & InsuranceMarketer.com

142

Aviva Canada Inc.

87

Insurance Media Group - (Canadian Underwriter magazine)

127

AXIS Reinsurance Company (Canadian Branch)

29

i-hire.ca 10

Burns & Wilcox Canada

57

insPRESS.ca 89

Caisse Centrale De Reassurance (CCR)

103

Liberty International Underwriters

105

CanadianUnderwriter.ca 137

Munich Reinsurance Canada

135

Canadian Underwriter magazine Digital Edition

NICC

13

On Side Restoration Services Ltd.

40

Canadian Litigation Counsel

131

5

95 8

CARSTAR Automotive Canada

61

Opta Information Intelligence

Chubb Insurance Company of Canada

91

Progi

CNA Canada

93

Rochon Engineering

CSN Collision & Glass

51

RSA – Royal & Sun Alliance Insurance Company of Canada

115

SCOR Canada Reinsurance Company

139

Crawford & Company (Canada) Inc.

27, 53

7 147 (IBC) 32

CRU Adjusters

39

SPECS – Specialized Property Evaluation Control Services Limited

49

DAS Canada

35

ServiceMaster of Canada Limited

67

DKI Canada

11

The Sovereign General Insurance Company

The Economical Insurance Group

97

TOA Re

Elliott Special Risks (ESR)

2 (IFC)

Wawanesa Insurance

FirstOnSite Restoration

36 ,37

WICC

Giffen Koerth Forensic Engineering

41

Gore Mutual Insurance Company

101

12

119 65 125, 148 (OBC) 45

WINMAR 33 Zurich Canada

129

canadianunderwriter.ca CANADIAN UNDERWRITER STATISTICAL ISSUE 2014


2 14 S e p t e m b e r 2 1 - 2 3 , 2 0 1 4 - T h e We s t i n O t t a w a

R egisteR N ow

www.niccana da.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 CEO’s we are once again making the NICC a can’t miss industry leadership event. Sessions and speakers include:

Platinum Sponsors

Amanda Lang Conference M.C. • Global Economic Outlook David Rosenberg, Chief Economist & Strategist, Gluskin Sheff + Associates Gold Sponsors • Distribution Models of the Future Moderator: George Cooke (Martello Associates Consulting); Speakers: Randy Carroll (IBAO); Stéphane Morency (Desjardins); Doug Stephens (Retail Futurist) • Keynote Luncheon Speaker: The Unending Challenges To Our Leadership Don Forgeron, President & CEO, IBC • Evolving Reinsurance Models and How They Serve Primary Buyers Moderator: James Vickers (Willis Re); Panelists: Dr. Peter Röder (Munich Re); Eric Smith (Swiss Re America); • What’s Up With Small Commercial? Moderator: Paul MacDonald (SGI Canada); Panelists: Yousry Bissada (Kanetix Ltd.); Clinton D’Souza (CGI); Anna McCrindell (Gore Mutual); Catherine Swift (CFIB) • Claim Settlement In Cat Scenarios - Lessons Learned Moderator: Pat Van Bakel (Crawford Canada); Panelists: Jeremy Bowler (J.D. Power); Gord Enders (IBAA); Louis Heroux (Intact Financial); Ellen Roseman (Toronto Star) Silver Sponsors • Where Is Canada at With ILS? Moderator: Robert McDowell (Fasken Martineau); Panelists: Michael Brisebois (TD Insurance); James Lee (DB Securities Inc.); Brent Poliquin (AIR Worldwide); Michael Stahel (LGT Capital Management) • Federal and Provincial Regulatory Outlook Panelists: Koker Christensen (Fasken Martineau DuMoulin LLP); Gordon Goodman (Cassels Brock & Blackwell LLP); Jill McCutcheon (Borden Ladner Gervais LLP) • Taking the Pulse - Where Are We At With Auto Insurance? Media Sponsors Moderator: Bob Tisdale (Pembridge Insurance Company); Panelists: Barb Addie (Baron Insurance Services); Barb Sulzenko-Laurie (IBC) • Lessons from Fukushima - Nuclear Risk in Canada Moderator: Colleen DeMerchant; (Nuclear Insurance Association of Canada); Panelists: Terry Jamieson (Canadian Nuclear Safety Commission); Closing Keynote Speaker: Dave McCauley (Natural Resources Canada); Frank Saunders (Bruce Power) Diane Francis • All Over the Map - Understanding The Ins and Outs of Flood Mapping Best selling author Moderator: Paul Kovacs (Insurance Institute for Catastrophic Loss Reduction); Diane Francis speaks Scott Edelman (AECOM); Caspar Honegger (Swiss Re) about her latest book: • Dispute Resolution in the Commercial Insurance and Reinsurance Industries Merger of the Century Moderator: Mary Jane Stitt (Mary Jane Stitt Professional Corp.); Why Canada and America Panelists: Robert Lewin (Stroock & Stroock & Lavan LLP); Should Become One Lorelie Masters (Perkins Coie LLP); Bernard McNulty (RSA Canada); Country Jordan Solway (Travelers Canada) For more information visit www.niccanada.com


CELEBRATING 80 YEARS OF CANADIAN UNDERWRITER MAGAZINE – AND 80 YEARS OF ITS ANNUAL STATISTICAL ISSUE Jardine and Young Limited opened its doors for business on November 18, 1933, in the grip of the Great Depression. Norman F. Jardine and his staff of two launched Canadian Underwriter magazine on Jan. 1, 1934 and – for 80 years – Canadian Underwriter has been known as ‘the Voice of Insurance in Canada’.

Covers, Articles and Advertisements – including some pages from past Annual Statistical Issues.

To acknowledge this 80th anniversary milestone, the Canadian Underwriter staff dove into the archives and agreed that it would be fun to share a snapshot of the magazine’s content from each of its 80 years covering the industry. Thus, the CU80Years.com project was born.

CU80Years.com also features a ‘Reader Submitted’ section for each year – so if you have any historical industry photos of your own that you would like to have featured – please visit the site and ‘Submit Your Photos’!

We have looked through the bound copies for each year and had various selections of interest scanned –

In the next few pages of this 2014 Statistical Issue – you will find a sampling of some of the pages that are now online at CU80Years.com – specifically ones from Statistical Issues from years gone by.


1962 Canadian Underwriter Statistical Issue: Featuring 1961 Insurance Industry Results


1970 Canadian Underwriter Statistical Issue: Featuring 1969 Insurance Industry Results


1970 Canadian Underwriter Statistical Issue: Featuring 1969 Insurance Industry Results


1977 Canadian Underwriter Statistical Issue: Featuring 1976 Insurance Industry Results


1981 Canadian Underwriter Statistical Issue: Featuring 1980 Insurance Industry Results


1983 Canadian Underwriter Statistical Issue: Featuring 1982 Insurance Industry Results


1990 Canadian Underwriter Statistical Issue: Featuring 1989 Insurance Industry Results


1998 Canadian Underwriter Statistical Issue: Featuring 1997 Insurance Industry Results


2000 Canadian Underwriter Statistical Issue: Featuring 1999 Insurance Industry Results


2004 Canadian Underwriter Statistical Issue: Featuring 2003 Insurance Industry Results


UNDERWRITING PROFIT/LOSS IN CANADA 2003-2013 PROPERTY/CASUALTY COMPANIES

LICENSED REINSURERS

+3366.4

+2777.4

+2720.6

+2374.4

+2381.8

+1842.3

+323.5

+232.7

+248.2

+172.9

+158.3 +142.7

+116.4

+404.7

+69.4 +29.4

+90.0 2008 2003

2004

2005

2006

2007

-82.5

2009 -3.3

2008

2010 -47.6

2011

2012

2013

2003

2004

2006

2007

–18.3

2009

2010

2011

2012

2013

-58.9

All profits and losses indicated in millions of dollars

26

All profits and losses indicated in millions of dollars

canadianunderwriter.ca CANADIAN UNDERWRITER STATISTICAL ISSUE 2014


Connect With the Best Discover the cost-effective contractor network solution, Contractor ConnectionSM

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A Coming-Of-Age Year:

CATs Get Fierce

CAT losses in Canada last year put the country in a league with many other western industrialized nations that face multi-billion-dollar claims years on a regular basis.

N Glenn McGillivray Managing Director, Institute for Catastrophic Loss Reduction 28

ot all that long ago, it was a challenge to weave a discussion about severe weather into this piece. Sure, every once in a while there would be a large event to review, like the 1994 Calgary hailstorm or the 1998 ice storm. But events like those were few and far between, and usually became a mere footnote to a larger piece dominated by issues such as Ontario auto (go figure!).

It has, however, been a lot easier to write about severe weather losses since 2009, as Canadian insurers have paid out at least $1 billion in claims each year since then (and in a few cases, more, like the $1.7 billion paid out in 2011). In the case of 2013, it has become really easy to weave severe weather into this article. Indeed, severe weather absolutely has to be front-and-centre in this year’s overview, it just has to.

canadianunderwriter.ca CANADIAN UNDERWRITER STATISTICAL ISSUE 2014


World-Class Insurance Solutions

AXIS offers a broad array of customized insurance coverages backed by the exceptional financial strength and security of AXIS Reinsurance Company, rated “A+” (Superior) XV by A.M. Best and “A+” (Strong) by Standard & Poor’s. Our highly experienced underwriting and claims teams have a breadth and depth of knowledge that distinguishes us in the industry. You can count on us for expert underwriting, excellent service and skilled claims management. For a powerful insurance partner – contact us today!

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AXIS Reinsurance Company (Canadian Branch) 70 York Street, Suite 1010 | Toronto, ON M5J 1S9 Toll Free: 866.991.7141 | Fax. 416.361.7225 Property | Equipment Breakdown | Casualty | Professional Lines | Errors & Omissions | Network Security & Privacy Coverage is underwritten by AXIS Reinsurance Company (Canadian Branch), which is authorized and supervised by the Office of the Superintendent of Financial Institutions. AXIS Reinsurance Company (Canadian Branch) is licensed in all Canadian provinces and territories. AXIS Reinsurance Company is an admitted carrier in all 50 of the United States and the District of Columbia.


COVER STORY

A Coming-Of-Age Year

In November 2012, as Canadian insurers were set to pay out on the fourth consecutive year of billiondollar catastrophe losses, the Institute for Catastrophic Loss Reduction (ICLR) went on record as saying that largeloss years are the “new normal” for Canada. Though ICLR did caution that while we would not see billion-dollar years every year, we made the point that large-loss years are no longer the rarities they were just a few years ago. Then came 2013, not a $1-billion year — or a $1.7-billion year — but a $3.2-billion year. From 2009 to 2013 inclusive, Canadian insurers have paid out a total of $7.7 billion in claims for severe weather events of $25 million insured or higher. The figure does not include so-called ‘mini-cats’ — those events costing less than $25 million — nor does it include small isolated claims from severe weather. These events could easily add at least another billion dollars onto the pile each year, though there is no single source of good data on such losses. The numbers — “Not a good year”

According to the Insurance Bureau of Canada’s (IBC) Gregor Robinson at Swiss Re’s 29th Annual Canadian Insurance Outlook Breakfast held in Toronto March 27, weather hit the Canadian property & casualty sector hard in 2013. It should be no surprise that the year’s record losses from severe weather had a major impact on property lines, Robinson noted, reporting that personal property claims grew by 31%, and the loss ratio went from 58% to 73%. For commercial property, claims grew by 31%, and the loss ratio went from 62% to 77%. Taking away reserve releases from prior years — which almost always come from Ontario auto — he pointed out that 2013’s underwriting gain of $250 million becomes a loss of more than $900 million. 30

“Despite a difficult year, the MCT (minimum capital test) rose to 240.6% from 237.3%” which, he noted, “demonstrates the continuing resiliency and capital strength of the Canadian property and casualty industry.” Overall, the loss ratio was up by more than three points over 2012, to 68.3% from 64.9%, and the combined ratio rose almost four points from the year prior, to 99% from 95.4%. The industry’s return on investment (ROI) fell to 3.2% from 4%, and its return on equity (ROE) fell to 6.6% from 10.7%. In MSA Research Inc.’s 2013 Year End Review, Joel Baker wrote: “The industry and every sector within it was adversely impacted by…cats with the overall industry just eking out a narrow underwriting profit of $285 million, down from $1.8 billion in 2012. On an accident year basis, however, the industry suffered an underwriting loss of $2.3 billion in 2013, which translates into an unpleasant AY combined ratio of 104.8. The low interest [rate] environment continued to do its work — driving yields and investment income for most. Of course, there were winners and losers but in aggregate it was not a good year.” On the personal and multiline side,

“The industry and every sector within it was adversely impacted by… cats with the overall industry just eking out a narrow underwriting profit of $285 million, down from $1.8 billion in 2012.”

canadianunderwriter.ca CANADIAN UNDERWRITER STATISTICAL ISSUE 2014


If you’re in Manitoba, this is considered an automobile. Surprised? ARC isn’t.

ARC Group Canada is a national network of independent law firms, each intimately connected to their local market. Insurance and risk management experts. Regional strength. National scope. That is the ARC Group.

Go to AskARC.com

The ARC Legal Reporter Winter Issue – Article #1 A National Network of Independent Law Firms


COVER STORY

A Coming-Of-Age Year

Case 1752

Perpetrator: Wood Stove Installation deficiencies and design modifications led to the destruction of this structure. When there is a loss, the fingers point and the unanswered question is “Whodunit?” It can be very difficult to prove the cause and determine who was responsible. That’s where Rochon’s expertise brings clarity. Our staff of Professionals strive to exceed industry standards for excellence in tracking down not only the cause of a problem, but also an accurate assessment of responsibility. Our Professionals are experienced in the commercial, industrial, residential and infrastructure sectors. Getting the right Forensic Engineering firm to handle your case is critical to a successful claim management process and leads to solid settlements. Our Professionals solve whatever mystery there might have been. You can count on it. Emergency response: Available 24 hours a day, seven days a week.

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Baker noted that “writers swung to an underwriting loss at year-end with a combined ratio of 101.5, up from 97.9 in 2012 as net claims incurred increased 8.4% while DPW went up 3.5%.” On the commercial side “writers (excluding Lloyd’s) continued on their very tepid growth path — showing a 2.2% increase in DPW and a similar increase in net claims incurred (a larger increase was seen in gross claims incurred indicating that reinsurance programs took the edge off the severe losses, particularly in Calgary).” On a direct basis, he noted that “commercial writers reported an Alberta property DLR of 160% (up from 39% in 2012) while their Ontario property DLR increased to 73.1% from 56.4% in 2012. Their underwriting profit narrowed by 42% causing their 2013 COR to climb to 96.2 (or 106.7 on an accident year basis). The message here is that soft/flat commercial pricing coupled with rock bottom interest rates are taking a toll and, without a turnaround in the market, commercial insurers as a group will be relegated to single digit ROEs.” In the Property and Casualty Insurance Compensation Corporation’s (PACICC) yearly overview of the market, it remarked that while property — both homeowners’ and commercial — have traditionally been healthy products with associated low solvency risks, this has changed in recent years. “There are several homeowners’ insurance markets across Canada where claims costs are higher than 70% per premium dollar collected. At current interest rates, these markets would be unprofitable for insurers and represent a drain on capital. It is not uncommon for any single province or territory to experience a bad year. However, PACICC’s analysis found that five provinces and two territories have had five bad years in a row — and that may suggest deeper problems in the marketplace. Interprovincial differences in homeowners claims paid have been driven by more large storms causing damage in the Prairies and in Atlantic Canada. In Alberta, the average loss ratio for homeowners insurance for the past five years has been 106.9%. In Saskatchewan, the ratio is 87.3%. In New Brunswick, the loss ratio over the past five years is 83.0%.” On the commercial side, PACICC notes that results are similar: “In Alberta, the five-year loss ratio for commercial property is 92.2%. In Nova Scotia, it is 78.1%. In Newfoundland and Labrador, it is 76.0%. These sustained high loss ratios are eroding the capital base of insurers operating primarily in these markets.” Of the worsening results in both personal and commercial property, PACICC noted that property insurance is changing with weather-related (water and wind) claims costs increasing as a proportion of total property claims. “The problem is not that catastrophic losses occur; rather, CANADIAN UNDERWRITER STATISTICAL ISSUE 2014

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it is that insurers are not accurately assessing and measuring the costs associated with severe weather risks.” Ontario auto — a “clear and present danger”

Representing a very significant quarter of all p&c premiums written in Canada — and a product that perpetually seems to be somewhere other than where it should be — Ontario auto always deserves a separate section all its own. Of the segment, MSA’s Baker offers: “While cats drew everyone’s attention in 2013, the unsettled Ontario auto market is a clear and present danger for personal lines writers as the mandated 15% rollback sets in. While loss ratios improved slightly over 2012 — they are still worryingly close to 80%. The accident benefit (AB) honeymoon of 2012 seems to have ended, though bodily injury (BI) losses have come down. The same cannot be said for physical damage claims, given the very rough winter and ice storm at the end of 2013. Not a good starting point for the rollback. A similar picture can be seen when looking at private passenger results (which exclude commercial auto and trucking). Alberta private passenger auto loss ratios, on the other hand, continued their alarming upward trajectory; another file that has to be closely watched.” Always good for a few constructive comments on the product, industry claims stalwart Jim Cameron, President of Cameron & Associates, says: “Ontario auto continues to plague insurers. The long-awaited solution to the backlog of mediations has taken place. Many cases have been resolved but, as expected, a substantial backlog moved to the arbitration phase. This is much more costly and time-consuming for insurers and claimants alike. FSCO has again sought assistance from the private sector to deal with these, and insurers have been ramping up their in-house legal

departments to address the pressure that this will put on the system.” Cameron continues: “In the interim, key decisions on items like the Minor Injury Guideline (MIG) are still in a holding pattern. Insurers are having success in keeping their claims in the MIG in a majority of cases but as the cases mature, the percentage of claims handled in the MIG may start to

CANADIAN UNDERWRITER STATISTICAL ISSUE 2014

fall below the guidelines suggested by FSCO. The rate decreases mandated by the Ontario government are under way and the industry is on track to achieve the 15% average premium rollback within the next year. The downward pressure on rates is felt while loss costs, particularly in BI claims, are on the increase. Throw in a snap election and all bets are off. The

33


COVER STORY

A Coming-Of-Age Year

standing committees are all disbanded and the fear is that many of the initiatives that were perceived as positive, such as the fraud detention measures, may ultimately die. On the commercial lines side, insurers are rebounding from the Calgary and Toronto catastrophes, and hope to restore profitability in a very competitive marketplace. The courts in Ontario have advocated more use of summary judgments, which may speed up resolution of cases without a full blown trial.”

“There is no concerted effort on the part of any insurer or reinsurer to aggressively push for more rates and this is why most accounts are being renewed as is. Some accounts are being renewed with small rate decreases.”

The reinsurance side

The 20 entities that filed their results with the Reinsurance Research Council (RRC) reported assumed premium of $2.2 billion in 2013, with an underwriting result of $13.2 million. Total investment income came in at $232.3 million for after-tax income of $160.8 million. The group reported a total loss ratio of 69.8% and an expense ratio of 29.1% for a combined ratio of 99.2%. Of the sector, Baker noted, “Reinsurers operating in Canada, as expected, had a rough year in 2013, driving their collective ROEs to 5.5% and their combined ratio precariously 34

close to breakeven. Claims were up significantly while net earned premium barely budged. While the Canadian reinsurance market experienced an unspectacular year, the global reinsurance industry benefited from a relatively benign cat year and yielded a healthy double-digit ROE. Such a globally quiet year cannot be guaranteed to repeat itself again in 2014.” On the facultative casualty side, as observed by one underwriter, “Once again, as with 2012, not much has changed. Primary and facultative reinsurance casualty rates are still flat, in most cases. Where a rate increase is obtained,

it is typically small and in the range of 1% to 5%. Capacity remains very plentiful and is keeping the marketplace very soft and very competitive. There is no concerted effort on the part of any insurer or reinsurer to aggressively push for more rates and this is why most accounts are being renewed as is. Some accounts are being renewed with small rate decreases. The U.S. insurance and reinsurance marketplace is quite similar to ours, with flat rates being most common, although, it is far more likely in the U.S. than in Canada that you will see a more significant rate increase, especially on accounts with poor loss experience. The difference is that, in Canada, on accounts with poor loss experience, there is no guarantee of a rate increase. I do not foresee any changes in our marketplace in 2014. Again, the market is very competitive with plenty of capacity for every type of casualty risk.” Though not a property specialist, the underwriter offers: “From what I can see, property is not faring much better than casualty. There are many accounts being renewed flat. Although, on the property side, on those accounts with poor loss experience, it is much more likely compared

canadianunderwriter.ca CANADIAN UNDERWRITER STATISTICAL ISSUE 2014


COVER STORY

A Coming-Of-Age Year

to a casualty account that there will be a rate increase, especially after the severe property flood losses of 2013, which largely did not impact the casualty marketplace.” Once upon a time, total global reinsurance capacity was quoted at somewhere in the $125-billion range. This number had remained stable for a number of years. However, with the relatively recent advent of non-traditional reinsurance, including such critters as cat bonds, index-linked securities, swaps, sidecars and others, Aon Benfield now reports total global reinsurance capacity at $540 billion. This is largely why some large global reinsurers are talking of a permanently soft global reinsurance market. In the courts

In the February/March 2014 issue of Claims Canada magazine, Christopher Dunn and Josiah MacQuarrie of

“This is largely why some large global reinsurers are talking of a permanently soft global reinsurance market.”

Dutton Brock, LLP provided a very useful and concise run-down of the Top Ten coverage decisions from 2013 of interest to insurers (see Top 10 Insurance Decisions: Some of the coveragerelated cases that adjusters and claims professionals should know about from 2013). They open with this: “After a lively 2012, insurers saw a relatively quiet year at the Supreme Court of Canada in 2013. Picking up the slack was the

Ontario Court of Appeal, which rendered a number of significant decisions in the area of directors and officers liability, homeowners coverage and commercial general liability coverage.” Dunn and MacQuarrie’s Top Ten include the following: 1) G  oodyear Canada Inc. v. American International Cos., June 13, 2013, Ontario Court of Appeal; 2)  Bawden v. Wawanesa Mutual Insurance Company, November 26, 2013, Ontario Court of Appeal; 3) O  nex Corp. v. American Home Assurance Co., February 25, 2013, Ontario Court of Appeal, leave to appeal to S.C.C. denied; 4)  Sam’s Auto Wrecking Co. v. Lombard General Insurance Co. of Canada, March 28, 2013, Ontario Court of Appeal; 5)  Dominion of Canada General Insurance Company v. Hannam, May 24, 2013,

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Newfoundland Court of Appeal, leave to appeal to S.C.C. denied; 6)  Boyce v. The Co-Operators General Insurance Company, May 8, 2013, Ontario Court of Appeal; 7) T urpin v. The Manufacturers Life Insurance Company, June 17, 2013, British Columbia Court of Appeal; 8) A  viva Insurance Company of Canada v. Lombard General Insurance Company of Canada, June 20, 2013, Ontario Court of Appeal; 9) ACE INA Insurance v. Associated Electric & Gas Services Limited, November 14, 2013, Ontario Court of Appeal; and, 10)  Certain Underwriters at Lloyd’s of London v. All Spec Home Inspections et al., November 19, 2013, Ontario Superior Court of Justice. At least one common thread weaving through almost all of the top ten cases reviewed by Dunn and MacQuarrie involve issues surround-

ing policy wordings, in particular as they apply to exclusions. The full Claims Canada article can be viewed at http://bit.ly/toptendecisions2013 Severe weather

In what essentially amounts to a “coming-of-age” year for Canada, a string of severe weather events — ending with a major ice storm — conspired to ensure that Canadian property and casualty insurers will pay out catastrophe claims that amount to almost double the previous worst year. With ever-increasing concentrations of values — mostly in large cities — the worsening condition of public infrastructure, and more frequent and larger weather-related events, it seems that each year brings new top entries for the record books. Of particular note in Canada last year are the following: • the country experienced its costliest

ever, and third costliest ever, insured loss events within a few weeks of one other — the southern Alberta floods and the July 8 Toronto and area rainstorm event; • though it took 15 years, the 1998 ice storm is now the second costliest event in Canadian history; • Canada experienced two billiondollar natural catastrophes in one year — a first; • the previous second place event — the Slave Lake wildfire — fell not one, but two notches to fourth place; and • 2013 marked the fifth consecutive year of billion-dollar insured loss events for Canadian insurers. In this space last year, I wrote: “So, with four consecutive billion-dollar loss years under our belt, the question, of course, is whether we’ll make it five. We’ll have to wait out the year to find out.” We all now know how 2013 played out.

Restoration Industry


COVER STORY

A Coming-Of-Age Year

“With ever-increasing concentrations of values — mostly in large cities — the worsening condition of public infrastructure, and more frequent and larger weather-related events, it seems that each year brings new top entries for the record books.”

The question now is: Are we going to make it six billion-dollar years in a row? Looking forward — “a turn of the weather”

In 2013, severe weather, in particular the extensive flooding in southern Alberta, threw a huge wet blanket over industry performance (though Ontario auto also continued to play a role). But according to IBC’s Robinson, there are several signs of economic 38

resurgence — both globally and nationally — that are positive for the p&c industry. Signs include improving U.S. fiscal and economic trends; indications that Europe is moving out of recession; growth in emerging economies; and continued low interest rates. Of interest rates, however, Robinson offered a qualification: “For our industry, that’s both good and bad. On the one hand, it’s an ongoing drag on return on investment — we’ve seen that for some time now. On the other hand, low interest rates

encourage consumer spending, fuelling premium growth across all lines.” He noted that Canada’s gross domestic product (GDP) grew by 2% in 2013, with growth for 2014 and 2015 expected to be 2.5%. “Stronger GDP growth generally means stronger demand for p&c products. So next year, we expect to see momentum in premium volume and take-up rates across most lines. And on top of that, Canada’s inflation rate remains low at 1.1%, which helps contain claims costs.” Easy monetary conditions and low inflation are expected to continue well into 2015, Robinson said, noting that stronger growth inevitably means interest rates will rise. Again, he offered a qualification: “This is a double-edged sword for our industry: it produces higher yields, but, of course, reduces the value of bonds held.” He noted that a spike in medium and long-term Canada bond rates in spring 2013 reduced bond prices and spurred “an industry-wide loss in asset value of almost $800 million, resulting in comprehensive return on investment falling from 3.9% in 2012 to 3% last year.” The outlook, though, is that rates will rise gradually. “This is ideal for our industry, because it allows time

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COVER STORY

A Coming-Of-Age Year

to adjust portfolios to higher yields and lower bond prices — without a shock to investment performance.” Robinson ended his recent presentation with a warning that while there is steadily improving performance on the financial side as economies pull out of

the downslide that began in 2008-09, 2013 provided a clear reminder of how quickly things can change. “What it tells us is that even with a positive economic outlook, it only takes a turn of the weather for our industry’s performance to be undermined.”

FIGURE 1: A  VG. DIFFERENCE BETWEEN LOSS RATIOS (AUTO VS. PERSONAL PROPERTY)

The homeowners product going forward

In the above discussion, I have isolated a number of challenge areas for the industry going forward. And even where the news is more upbeat, several items have been prefaced with warnings and qualifications. There is one underlying trend, however, that needs to be brought to the fore — one that may prove to be the most disconcerting over all other problem areas noted above: The homeowners insurance product in Canada may no longer be the reliable, stable income source that it used to be, and without action, it may never return to the place where it once was. According to a PACICC/ICLR analysis (see Figure 1), the gap in loss ratios between the almost always volatile, difficult-to-manage auto product and the almost always stable and profitable homeowners product has been steadily shrinking since the 1980s, going from an average of around 18% down to around 6%. This should be worrisome to Canadian personal lines writers, as they may no longer be able to rely on the homeowners product to buffer results that are often hit hard by the auto side. This could prove to be a sea change for many carriers.

“The homeowners insurance product in Canada may no longer be the reliable, stable income source that used to be, and without action, it may never return to the place where it once was.” (Continued on Page 42) 40

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How The Private Companies Rank (Total Business) N.P.W. (Excluding Life & Purely A&S Companies)

% of 2013 Market N.P.W.

2012 % N.P.W. Change

1. Intact Financial Corporation.......................... 15.68 6,790,103,000 6,290,072,000 2. Aviva Canada Inc............................................ 8.37 3,622,441,000 3,437,983,000 3. TD Insurance, General Insurance................... 6.56 2,839,453,000 2,646,002,000 4. RSA Canada Group........................................ 6.44 2,790,693,000 2,507,328,000 5. Lloyd’s Underwriters....................................... 5.54 2,396,862,000 2,093,962,000 6. Co–operators General Insurance Co.............. 4.84 2,095,955,000 2,023,203,000 7. Desjardins General Insurance Group.............. 4.79 2,073,475,000 1,944,721,000 8. Wawanesa Mutual Insurance.......................... 4.68 2,027,851,000 2,083,019,000 9. Economical Insurance.................................... 4.17 1,803,586,000 1,723,656,000 10. State Farm Insurance Company..................... 4.12 1,784,388,000 1,842,450,000 11. The Dominion, Part Of Travelers Canada....... 2.73 1,183,620,000 1,206,918,000 12. Allstate Insurance Co of Canada.................... 2.65 1,147,475,000 1,041,006,000 13. Northbridge Financial Corporation................. 2.45 1,062,111,000 950,054,000 14. Zurich Insurance Company Ltd...................... 1.60 693,440,000 641,825,000 15. Chubb Insurance Co of Canada..................... 1.37 593,601,000 605,175,000 16. AIG Insurance Co Of Canada......................... 1.36 587,332,000 539,317,000 17. La Capitale Assurances Gen Inc..................... 1.30 562,202,000 516,810,000 18. RBC General Insurance.................................. 1.30 561,552,000 537,307,000 19. Ontario Mutual Insurance............................... 1.27 551,716,000 539,580,000 20. SGI Canada Group......................................... 1.21 522,181,000 496,707,000 21. RBC Insurance Company Of Canada............. 0.78 336,705,000 400,871,000 22. Gore Mutual Insurance Company................... 0.73 318,238,000 315,846,000 23. Munich Reinsurance Cda Group.................... 0.71 309,522,000 301,255,000 24. Guarantee Company Of North America.......... 0.67 290,599,000 282,395,000 25. CNA Canada................................................... 0.66 284,229,000 281,226,000 26. Alberta Motor Association.............................. 0.64 279,218,000 260,653,000 27. Travelers Canada............................................ 0.60 257,801,000 267,840,000 28. Factory Mutual Insurance Company............... 0.54 234,019,000 241,168,000 29. Hannover Ruck SE.......................................... 0.50 216,646,000 177,277,000 30. Pembridge Insurance Company..................... 0.49 211,009,000 179,190,000 31. SSQ, Societe D’Assurances Gen.................... 0.47 203,094,000 191,925,000 32. CAA Insurance Company (Ontario)................ 0.46 197,246,000 183,875,000 33. Portage La Prairie Mutual............................... 0.45 194,516,000 187,023,000 34. Liberty Mutual Insurance................................ 0.38 162,727,000 128,892,000 35. SCOR Canada Reinsurance........................... 0.37 160,353,000 151,456,000 36. L’Unique Assurances Generales..................... 0.36 157,494,000 141,302,000 37. Echelon General Insurance............................. 0.36 157,008,000 166,409,000 38. Industrielle Alliance Compagnie..................... 0.36 156,188,000 271,618,000 39. Swiss Reinsurance Group.............................. 0.34 147,072,000 142,567,000 40. Allianz Global Risks US................................... 0.34 146,034,000 174,385,000 41. Farm Mutual Reinsurance Plan....................... 0.31 135,476,000 141,183,000 42. Promutuel Reassurance.................................. 0.31 132,747,000 126,102,000 43. Canadian Direct Insurance............................. 0.30 130,516,000 125,410,000 44. Peace Hills General Insurance........................ 0.29 124,159,000 117,582,000 45. ACE INA Insurance........................................ 0.27 118,318,000 220,896,000 46. Optimum General Inc...................................... 0.26 111,639,000 105,195,000 47. Lawyers’ Professional Indemnity.................... 0.25 106,150,000 104,777,000 48. FCT................................................................. 0.22 97,406,000 102,271,000 49. Unica Insurance.............................................. 0.22 93,495,000 88,030,000 50. Cumis General Insurance............................... 0.21 92,931,000 92,205,000 51. Boiler Inspection & Insurance Company........ 0.21 92,206,000 87,794,000 52. Affiliated FM Insurance................................... 0.21 91,687,000 97,600,000 53. Stewart Title Guaranty Company.................... 0.21 91,548,000 91,741,000 54. Pafco Insurance Company............................. 0.21 91,226,000 99,033,000 55. XL Insurance................................................... 0.21 90,246,000 90,416,000 56. Partner Reinsurance Company of the U.S...... 0.21 90,214,000 107,478,000

7.95 5.37 7.31 11.30 14.47 3.60 6.62 –2.65 4.64 –3.15 –1.93 10.23 11.79 8.04 –1.91 8.90 8.78 4.51 2.25 5.13 –16.01 0.76 2.74 2.91 1.07 7.12 –3.75 –2.96 22.21 17.76 5.82 7.27 4.01 26.25 5.87 11.46 –5.65 –42.50 3.16 –16.26 –4.04 5.27 4.07 5.59 –46.44 6.13 1.31 –4.76 6.21 0.79 5.03 –6.06 –0.21 –7.88 –0.19 –16.06

(Continued On Page 44) 42

Immediate reactions by the industry to return the product to stability and profitably, particularly after the back-to-back water losses in Alberta and Toronto last year, are understandable, but worrisome. Many carriers are now resorting to sublimits, particularly on sewer backup. Sublimits have been around for some time, rattling around in the toolboxes of many a carrier for years, so are not anything new. More disconcerting, however, is a report in Thomspon’s World Insurance News that some carriers are “decoupling” or “unbundling: all-perils residential policies, assigning deductibles and sublimits according to peril – namely wind, hail and sewer backup (see Regulators may look into unbundling, May 14, 2014). According to the report, Intact and Wawanesa are “among those introducing separate endorsements for sewer back-up, wind or hail cover.” The article says that Colin Brown, chief operating officer of Canadian Direct Insurance, “recently told Thomspon’s his company will likely follow suit by the fall.” In Thomspon’s December 2013 look ahead on the year to come, Wawanesa president and CEO Ken McCrea predicted the industry would look to “decoupling” risks as an alternative to continued rate increases. Noted the piece: “The industry will move, and is moving, to decouple the property product — separate out wind and hail, separate out sewer back-up coverages more than ever, have separate premiums on them, separate deductibles, separate coverage limits,” McCrea said. “The perils are not the same. You’ll have to offer those things separately and price them according to the costs.” This trend is worrisome on several fronts, not least being the pushback that surely will come from insureds, consumer groups and media once the issue gets out there. Other concerns include the fear that in an attempt to get their own costs down, insureds will opt for bare-

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(Continued From Page 42)

How The Private Companies Rank (Total Business) N.P.W. (Excluding Life & Purely A&S Companies)

% of 2013 2012 % Market N.P.W. N.P.W. Change

57. Transatlantic Reinsurance............................ 0.20 84,998,000 103,318,000 –17.73 58. Odyssey Reinsurance Company.................. 0.19 83,650,000 83,937,000 –0.34 59. North Waterloo Farmers Mutual................... 0.18 77,979,000 74,375,000 4.85 60. Red River Mutual.......................................... 0.16 68,698,000 65,394,000 5.05 61. XL Re America Inc – Cdn Branch................. 0.16 67,217,000 61,102,000 10.01 62. Everest Reinsurance Company.................... 0.14 62,495,000 68,359,000 –8.58 63. Old Republic Insurance Company................ 0.14 60,520,000 55,801,000 8.46 64. Wynward Insurance Group........................... 0.13 58,090,000 50,748,000 14.47 65. Trisura Guarantee Insurance......................... 0.13 55,502,000 46,334,000 19.79 66. Motors Insurance Corporation...................... 0.13 54,983,000 56,008,000 –1.83 67. Saskatchewan Mutual Insurance.................. 0.12 51,616,000 51,300,000 0.62 68. Western Financial Insurance......................... 0.11 46,008,000 41,747,000 10.21 69. Berkley Insurance Company......................... 0.10 44,715,000 43,244,000 3.40 70. General Reinsurance Corp............................ 0.10 44,358,000 50,283,000 –11.78 71. Toa Reinsurance Co of America................... 0.10 43,956,000 46,345,000 –5.15 72. Mutual Fire Insurance Co of BC................... 0.10 43,918,000 38,336,000 14.56 73. Great American Insurance............................ 0.10 41,219,000 41,545,000 –0.78 74. Triton Insurance............................................ 0.09 40,874,000 44,424,000 –7.99 75. Caisse Centrale De Reassurance................. 0.09 39,467,000 48,931,000 –19.34 76. Ontario School Board’s Insurance................ 0.09 37,093,000 35,934,000 3.23 77. Co–operative Hail Ins Co Ltd........................ 0.08 34,021,000 32,861,000 3.53 78. Le Groupe Estrie–Richelieu........................... 0.07 32,025,000 32,735,000 –2.17 79. Tokio Marine & Nichido Fire.......................... 0.07 29,422,000 27,303,000 7.76 80. Chicago Title................................................. 0.06 26,027,000 0 0.00 81. Associated Electric & Gas Insurance............ 0.05 22,245,000 16,821,000 32.25 82. Omega General Insurance............................ 0.05 20,222,000 17,927,000 12.80 83. Mitsui Sumitomo Insurance.......................... 0.05 20,029,000 24,182,000 –17.17 84. Arch Insurance (Canada).............................. 0.04 17,956,000 82,729,000 –78.30 85. PEI Mutual Insurance Company................... 0.04 16,306,000 15,621,000 4.39 86. Sirius America Insurance.............................. 0.04 15,925,000 14,846,000 7.27 87. MAPFRE Re Compania De Re, S.A.............. 0.04 15,271,000 16,571,000 –7.85 88. Munich Reinsurance America, Inc................ 0.03 14,109,000 11,756,000 20.02 89. Western Surety Company............................. 0.03 13,500,000 13,038,000 3.54 90. Hartford Fire Insurance................................. 0.03 12,247,000 11,793,000 3.85 91. Aspen Insurance UK Limited........................ 0.03 12,053,000 9,013,000 33.73 92. Legacy General Insurance............................ 0.03 10,929,000 12,082,000 –9.54 93. Federal Insurance Company......................... 0.03 10,870,000 12,807,000 –15.12 94. Euler Hermes North America Insurance....... 0.02 9,751,000 12,252,000 –20.41 95. Mennonite Mutual Fire Insurance................. 0.02 7,955,000 7,019,000 13.34 96. The Mearie Group......................................... 0.02 7,768,000 5,768,000 34.67 97. American Road Insurance Company............ 0.02 7,417,000 6,697,000 10.75 98. Kings Mutual Insurance Company................ 0.02 6,992,000 6,573,000 6.37 99. Sompo Japan Insurance Inc......................... 0.01 5,660,000 5,379,000 5.22 100. Pacific Coast Fishermen’s Mutual Marine..... 0.01 5,470,000 5,470,000 0.00 101. Everest Insurance Co of Canada................... 0.01 4,774,000 4,401,000 8.48 102. Antigonish Farmers’ Mutual........................... 0.01 4,388,000 4,294,000 2.19 103. Atradius Credit Insurance N.V....................... 0.01 3,727,000 4,087,000 –8.81 104. Fundy Mutual Insurance................................ 0.01 2,403,000 2,400,000 0.13 105. Clare Mutual Insurance Company................. 0.00 1,872,000 1,113,000 68.19 106. Protective Insurance Company..................... 0.00 1,818,000 1,244,000 46.14 107. Nipponkoa Insurance Co Ltd......................... 0.00 1,214,000 1,066,000 13.88 108. T.H.E. Insurance Company............................ 0.00 548,000 160,000 242.50 109. Alea (Bermuda) Ltd........................................ 0.00 62,000 44,000 40.91 110. Corepointe Insurance.................................... 0.00 43,000 52,000 –17.31

bones coverage, leaving them exposed. Also, capping losses at a low amount may make it difficult to encourage homeowners to implement mitigation measures. Further, such a move could invite regulation of the segment. The trend toward larger and more frequent severe weather events has changed, and will likely continue to change the business of property and casualty insurance to a fairly great degree. And we likely ain’t seen nothin’ yet. So the problem is that low caps now may lead to even lower caps in the years to come, as the trend to more and larger catastrophe losses further grabs hold. This may then lead to unavailability of certain coverages in the future as the situation worsens. Caps may not be a long-term solution, particularly as they tend to increase the gap between insured and economic damage, a chasm that many players — such as governments and reinsurers — are trying to narrow, not broaden. The current environment has made the homeowners product in Canada unsustainable, and things must change. However, it would be good for insurers to remember that they are in the business of placing risk on their balance sheets for the right price. They are not in the business of not placing risk on their balance sheets for no price.

TOTALS....................................................... 43,302,094,000 41,439,550,000

44

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

% 2013 Market N.P.W.

ACE INA Insurance......................................... 0.27 118,318,000 Affiliated FM Insurance.................................... 0.21 91,687,000 AIG Insurance Co Of Canada.......................... 1.36 587,332,000 Alberta Motor Association............................... 0.64 279,218,000 Alea (Bermuda) Ltd.......................................... 0.00 62,000 Allianz Global Risks US.................................... 0.34 146,034,000 Allstate Insurance Co of Canada..................... 2.65 1,147,475,000 American Road Insurance Company............... 0.02 7,417,000 Antigonish Farmers’ Mutual............................. 0.01 4,388,000 Arch Insurance (Canada).................................. 0.04 17,956,000 Aspen Insurance UK Limited........................... 0.03 12,053,000 Associated Electric & Gas Insurance............... 0.05 22,245,000 Atradius Credit Insurance N.V.......................... 0.01 3,727,000 Aviva Canada Inc............................................. 8.37 3,622,441,000 Berkley Insurance Company............................ 0.10 44,715,000 Boiler Inspection & Insurance Company.......... 0.21 92,206,000 CAA Insurance Company (Ontario)................. 0.46 197,246,000 Caisse Centrale De Reassurance.................... 0.09 39,467,000 Canadian Direct Insurance............................... 0.30 130,516,000 La Capitale Assurances Gen Inc...................... 1.30 562,202,000 Chicago Title.................................................... 0.06 26,027,000 Chubb Insurance Co of Canada...................... 1.37 593,601,000 Clare Mutual Insurance Company................... 0.00 1,872,000 CNA Canada.................................................... 0.66 284,229,000 Co–operative Hail Ins Co Ltd........................... 0.08 34,021,000 Co–operators General Insurance Co............... 4.84 2,095,955,000 Corepointe Insurance....................................... 0.00 43,000 Cumis General Insurance................................. 0.21 92,931,000 Desjardins General Insurance Group............... 4.79 2,073,475,000 The Dominion, Part Of Travelers Canada......... 2.73 1,183,620,000 Echelon General Insurance.............................. 0.36 157,008,000 Economical Insurance...................................... 4.17 1,803,586,000 Le Groupe Estrie–Richelieu.............................. 0.07 32,025,000 Euler Hermes North America Insurance........... 0.02 9,751,000 Everest Insurance Co of Canada..................... 0.01 4,774,000 Everest Reinsurance Company........................ 0.14 62,495,000 Factory Mutual Insurance Company................ 0.54 234,019,000 Farm Mutual Reinsurance Plan........................ 0.31 135,476,000 FCT ................................................................. 0.22 97,406,000 Federal Insurance Company............................ 0.03 10,870,000 Fundy Mutual Insurance.................................. 0.01 2,403,000 General Reinsurance Corp............................... 0.10 44,358,000 Gore Mutual Insurance Company.................... 0.73 318,238,000 Great American Insurance............................... 0.10 41,219,000 Guarantee Company Of North America........... 0.67 290,599,000 Hannover Ruck SE........................................... 0.50 216,646,000 Hartford Fire Insurance.................................... 0.03 12,247,000 Industrielle Alliance Compagnie....................... 0.36 156,188,000 Intact Financial Corporation........................... 15.68 6,790,103,000 Kings Mutual Insurance Company................... 0.02 6,992,000 Lawyers’ Professional Indemnity..................... 0.25 106,150,000 Legacy General Insurance............................... 0.03 10,929,000 Liberty Mutual Insurance................................. 0.38 162,727,000 Lloyd’s Underwriters........................................ 5.54 2,396,862,000 MAPFRE Re Compania De Re, S.A................. 0.04 15,271,000 The Mearie Group............................................ 0.02 7,768,000

46

Company

% 2013 Market N.P.W.

Mennonite Mutual Fire Insurance..................... 0.02 7,955,000 Mitsui Sumitomo Insurance............................. 0.05 20,029,000 Motors Insurance Corporation......................... 0.13 54,983,000 Munich Reinsurance America, Inc................... 0.03 14,109,000 Munich Reinsurance Cda Group...................... 0.71 309,522,000 Mutual Fire Insurance Co of BC....................... 0.10 43,918,000 Nipponkoa Insurance Co Ltd........................... 0.00 1,214,000 North Waterloo Farmers Mutual....................... 0.18 77,979,000 Northbridge Financial Corporation.................. 2.45 1,062,111,000 Odyssey Reinsurance Company...................... 0.19 83,650,000 Old Republic Insurance Company................... 0.14 60,520,000 Omega General Insurance............................... 0.05 20,222,000 Ontario Mutual Insurance................................. 1.27 551,716,000 Ontario School Board’s Insurance................... 0.09 37,093,000 Optimum General Inc....................................... 0.26 111,639,000 PEI Mutual Insurance Company...................... 0.04 16,306,000 Pacific Coast Fishermen’s Mutual Marine........ 0.01 5,470,000 Pafco Insurance Company............................... 0.21 91,226,000 Partner Reinsurance Company of the U.S....... 0.21 90,214,000 Peace Hills General Insurance......................... 0.29 124,159,000 Pembridge Insurance Company...................... 0.49 211,009,000 Portage La Prairie Mutual................................ 0.45 194,516,000 Promutuel Reassurance................................... 0.31 132,747,000 Protective Insurance Company........................ 0.00 1,818,000 RBC General Insurance................................... 1.30 561,552,000 RBC Insurance Company Of Canada.............. 0.78 336,705,000 Red River Mutual............................................. 0.16 68,698,000 RSA Canada Group......................................... 6.44 2,790,693,000 Saskatchewan Mutual Insurance..................... 0.12 51,616,000 SCOR Canada Reinsurance............................. 0.37 160,353,000 SGI Canada Group........................................... 1.21 522,181,000 Sirius America Insurance................................. 0.04 15,925,000 Sompo Japan Insurance Inc............................ 0.01 5,660,000 SSQ, Societe D’Assurances Gen..................... 0.47 203,094,000 State Farm Insurance Company...................... 4.12 1,784,388,000 Stewart Title Guaranty Company..................... 0.21 91,548,000 Swiss Reinsurance Group................................ 0.34 147,072,000 T.H.E. Insurance Company.............................. 0.00 548,000 TD Insurance, General Insurance..................... 6.56 2,839,453,000 Toa Reinsurance Co of America....................... 0.10 43,956,000 Tokio Marine & Nichido Fire............................. 0.07 29,422,000 Transatlantic Reinsurance................................ 0.20 84,998,000 Travelers Canada............................................. 0.60 257,801,000 Trisura Guarantee Insurance............................ 0.13 55,502,000 Triton Insurance................................................ 0.09 40,874,000 Unica Insurance............................................... 0.22 93,495,000 L’Unique Assurances Generales...................... 0.36 157,494,000 Wawanesa Mutual Insurance........................... 4.68 2,027,851,000 Western Financial Insurance............................ 0.11 46,008,000 Western Surety Company................................ 0.03 13,500,000 Wynward Insurance Group.............................. 0.13 58,090,000 XL Insurance.................................................... 0.21 90,246,000 XL Re America Inc – Cdn Branch.................... 0.16 67,217,000 Zurich Insurance Company Ltd....................... 1.60 693,440,000 TOTALS.................................................................. 43,302,094,000

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

% 2013 Market N.P.W.

% 2013 Market N.P.W.

1. Intact Financial Corporation................. 15.41 2,374,786,000

49. Pembridge Insurance Company.......... 0.26 40,084,000

2. Aviva Canada Inc................................. 7.92 1,220,889,000

50. North Waterloo Farmers Mutual........... 0.26 39,388,000

3. RSA Canada Group.............................. 6.66 1,026,554,000

51. Cumis General Insurance..................... 0.24 37,251,000

4. Lloyd’s Underwriters............................ 6.57 1,012,141,000

52. Saskatchewan Mutual Insurance......... 0.24 36,865,000

5. Wawanesa Mutual Insurance............... 5.53 852,922,000

53. Canadian Direct Insurance................... 0.23 36,189,000

6. Co–operators General Insurance Co.... 5.48 844,881,000

54. Unica Insurance................................... 0.23 36,053,000

7. TD Insurance, General Insurance......... 5.12 788,571,000

55. General Reinsurance Corp................... 0.22 33,394,000

8. Desjardins General Insurance Group... 4.75 731,522,000

56. ACE INA Insurance.............................. 0.21 32,713,000

9. Economical Insurance.......................... 4.07 627,959,000

57. XL Re America Inc – Cdn Branch......... 0.21 32,277,000

10. State Farm Insurance Company.......... 2.97 457,916,000

58. CAA Insurance Company (Ontario)..... 0.20 30,551,000

11. Northbridge Financial Corporation....... 2.38 367,496,000

59. Le Groupe Estrie–Richelieu.................. 0.18 27,279,000

12. The Dominion, Part Of Travelers Canada.. 2.28 351,792,000

60. Liberty Mutual Insurance...................... 0.17 26,369,000

13. Ontario Mutual Insurance..................... 1.92 296,050,000

61. Echelon General Insurance.................. 0.15 23,080,000

14. Chubb Insurance Co of Canada.......... 1.77 273,159,000

62. Everest Reinsurance Company............ 0.14 22,332,000

15. Zurich Insurance Company Ltd............ 1.72 265,507,000

63. XL Insurance........................................ 0.14 21,490,000

16. Allstate Insurance Co of Canada......... 1.66 255,754,000

64. Great American Insurance.................... 0.13 19,618,000

17. SGI Canada Group............................... 1.54 237,918,000

65. Omega General Insurance................... 0.12 19,198,000

18. AIG Insurance Co Of Canada............... 1.27 195,278,000

66. Caisse Centrale De Reassurance......... 0.11 17,528,000

19. La Capitale Assurances Gen Inc.......... 1.27 194,991,000

67. Toa Reinsurance Co of America.......... 0.11 16,374,000

20. Factory Mutual Insurance Company.... 1.20 184,312,000

68. PEI Mutual Insurance Company........... 0.09 14,636,000

21. Munich Reinsurance Cda Group.......... 0.97 149,062,000

69. MAPFRE Re Compania De Re, S.A..... 0.09 14,158,000

22. RBC General Insurance........................ 0.81 124,883,000

70. Ontario School Board’s Insurance....... 0.09 13,201,000

23. Gore Mutual Insurance Company........ 0.81 124,257,000

71. Sirius America Insurance...................... 0.08 12,978,000

24. Hannover Ruck SE............................... 0.76 117,810,000

72. Tokio Marine & Nichido Fire................. 0.08 12,189,000

25. Swiss Reinsurance Group.................... 0.72 110,587,000

73. Triton Insurance................................... 0.07 10,741,000

26. SCOR Canada Reinsurance................. 0.70 108,541,000

74. Hartford Fire Insurance........................ 0.05 8,107,000

27. Promutuel Reassurance....................... 0.68 104,735,000

75. Old Republic Insurance Company....... 0.05 6,996,000

28. Portage La Prairie Mutual..................... 0.61 94,437,000

76. Mennonite Mutual Fire Insurance......... 0.05 6,985,000

29. Affiliated FM Insurance........................ 0.53 82,294,000

77. Arch Insurance (Canada)...................... 0.04 6,374,000

30. Industrielle Alliance Compagnie........... 0.53 82,182,000

78. Kings Mutual Insurance Company....... 0.04 6,149,000

31. SSQ, Societe D’Assurances Gen......... 0.53 82,168,000

79. Aspen Insurance UK Limited................ 0.04 6,088,000

32. Guarantee Company Of North America. 0.53 81,892,000

80. Munich Reinsurance America, Inc....... 0.04 5,985,000

33. Farm Mutual Reinsurance Plan............ 0.49 76,269,000

81. Mitsui Sumitomo Insurance................. 0.04 5,738,000

34. Peace Hills General Insurance............. 0.47 72,684,000

82. Associated Electric & Gas Insurance... 0.03 4,852,000

35. CNA Canada........................................ 0.44 67,900,000

83. Boiler Inspection & Insurance Company. 0.03 4,092,000

36. Red River Mutual.................................. 0.42 65,127,000

84. Antigonish Farmers’ Mutual................. 0.03 3,927,000

37. Alberta Motor Association.................... 0.40 61,149,000

85. Berkley Insurance Company................ 0.02 3,711,000

38. L’Unique Assurances Generales.......... 0.39 60,571,000

86. Sompo Japan Insurance Inc................ 0.02 2,619,000

39. Optimum General Inc........................... 0.38 58,067,000

87. Fundy Mutual Insurance....................... 0.02 2,366,000

40. Travelers Canada................................. 0.34 52,680,000

88. Federal Insurance Company................ 0.01 2,177,000

41. Allianz Global Risks US........................ 0.34 52,163,000

89. Clare Mutual Insurance Company........ 0.01 1,865,000

42. Partner Reinsurance Co of the U.S...... 0.32 48,660,000

90. Everest Insurance Co of Canada......... 0.01 1,276,000

43. Odyssey Reinsurance Company.......... 0.32 48,631,000

91. Nipponkoa Insurance Co Ltd............... 0.00

518,000

44. Western Financial Insurance................ 0.30 46,008,000

92. The Mearie Group................................ 0.00

491,000

45. Wynward Insurance Group.................. 0.29 44,282,000

93. Trisura Guarantee Insurance................ 0.00

232,000

46. RBC Insurance Company Of Canada.. 0.28 43,127,000

94. T.H.E. Insurance Company.................. 0.00

35,000

47. Transatlantic Reinsurance.................... 0.28 42,587,000

95. Alea (Bermuda) Ltd............................... 0.00

27,000

48. Mutual Fire Insurance Co of BC........... 0.27 41,643,000

TOTAL.......................................................... 15,411,340,000

48

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

50

% 2013 Market N.P.W.

% 2013 Market N.P.W.

1. Intact Financial Corporation............... 18.94 3,964,369,000

43. Lloyd’s Underwriters.......................... 0.13

27,305,000

2. TD Insurance, General Insurance....... 9.75 2,041,766,000

44. CNA Canada...................................... 0.13

27,077,000

3. Aviva Canada Inc............................... 9.23 1,931,093,000

45. Hannover Ruck SE............................. 0.11

23,946,000

4. RSA Canada Group............................ 6.37 1,333,658,000

46. ACE INA Insurance............................ 0.11

22,933,000

5. Desjardins General Insurance Group. 6.28 1,313,740,000

47. Promutuel Reassurance..................... 0.11

22,804,000

6. State Farm Insurance Company........ 6.11 1,278,057,000

48. SCOR Canada Reinsurance............... 0.09

19,374,000

7. Wawanesa Mutual Insurance............. 5.42 1,134,840,000

49. Partner Reinsurance Co of the U.S.... 0.07

14,261,000

8. Co–operators General Insurance Co.. 4.89 1,023,554,000

50. Odyssey Reinsurance Company........ 0.06

12,943,000

9. Economical Insurance........................ 4.84 1,012,684,000

51. Transatlantic Reinsurance.................. 0.06

12,229,000

10. Allstate Insurance Co of Canada....... 4.26

891,721,000

52. Toa Reinsurance Co of America........ 0.06

11,831,000

11. The Dominion, Part Of Travelers Canada... 3.62

757,778,000

53. Caisse Centrale De Reassurance....... 0.05

10,640,000

12. Northbridge Financial Corporation..... 2.14

446,892,000

54. Saskatchewan Mutual Insurance....... 0.05

9,880,000

13. RBC General Insurance...................... 2.08

435,143,000

55. Everest Reinsurance Company.......... 0.04

8,740,000

14. La Capitale Assurances Gen Inc........ 1.66

347,278,000

56. American Road Insurance Company. 0.04

7,417,000

15. SGI Canada Group............................. 1.15

240,928,000

57. Tokio Marine & Nichido Fire............... 0.03

7,214,000

16. Alberta Motor Association.................. 1.04

216,867,000

58. Motors Insurance Corporation........... 0.02

4,967,000

17. Ontario Mutual Insurance................... 1.03

214,750,000

59. General Reinsurance Corp................. 0.02

4,626,000

18. Gore Mutual Insurance Company...... 0.83

173,106,000

60. Mitsui Sumitomo Insurance............... 0.02

3,590,000

19. Pembridge Insurance Company........ 0.82

170,925,000

61. Swiss Reinsurance Group.................. 0.01

2,818,000

20. Zurich Insurance Company Ltd.......... 0.79

164,928,000

62. XL Re America Inc – Cdn Branch....... 0.01

2,383,000

21. CAA Insurance Company (Ontario)... 0.67

139,364,000

63. Sirius America Insurance.................... 0.01

2,303,000

22. Echelon General Insurance................ 0.59

122,765,000

64. Munich Reinsurance America, Inc..... 0.01

2,142,000

23. SSQ, Societe D’Assurances Gen....... 0.58

120,933,000

65. Arch Insurance (Canada).................... 0.01

1,896,000

24. RBC Insurance Company Of Canada.. 0.56

117,117,000

66. Protective Insurance Company.......... 0.01

1,818,000

25. Canadian Direct Insurance................. 0.44

92,474,000

67. Federal Insurance Company.............. 0.01

1,460,000

26. Portage La Prairie Mutual................... 0.44

91,994,000

68. Ontario School Board’s Insurance..... 0.01

1,293,000

27. Pafco Insurance Company................. 0.44

91,226,000

69. XL Insurance...................................... 0.00

1,012,000

28. L’Unique Assurances Generales........ 0.43

90,844,000

70. Sompo Japan Insurance Inc.............. 0.00

949,000

29. Guarantee Company Of North America.. 0.39

81,193,000

71. Hartford Fire Insurance...................... 0.00

888,000

30. Chubb Insurance Co of Canada........ 0.38

79,392,000

72. Le Groupe Estrie–Richelieu................ 0.00

697,000

31. Industrielle Alliance Compagnie......... 0.35

74,006,000

73. The Mearie Group.............................. 0.00

600,000

32. Unica Insurance................................. 0.25

52,815,000

74. Mennonite Mutual Fire Insurance....... 0.00

340,000

33. Peace Hills General Insurance........... 0.25

51,475,000

75. Nipponkoa Insurance Co Ltd............. 0.00

271,000

34. Old Republic Insurance Company..... 0.24

50,027,000

76. Berkley Insurance Company.............. 0.00

96,000

35. Cumis General Insurance................... 0.21

43,094,000

77. Allianz Global Risks US...................... 0.00

62,000

36. Farm Mutual Reinsurance Plan.......... 0.20

41,812,000

78. Everest Insurance Co of Canada....... 0.00

46,000

37. Munich Reinsurance Cda Group........ 0.20

41,637,000

79. T.H.E. Insurance Company................ 0.00

29,000

38. Travelers Canada............................... 0.19

40,572,000

80. Great American Insurance.................. 0.00

25,000

39. AIG Insurance Co Of Canada............. 0.18

38,664,000

81. Alea (Bermuda) Ltd............................. 0.00

20,000

40. Optimum General Inc......................... 0.18

38,306,000

82. Omega General Insurance................. 0.00

–3,000

41. North Waterloo Farmers Mutual......... 0.16

34,353,000

83. Aspen Insurance UK Limited.............. 0.00

–12,000

42. Liberty Mutual Insurance.................... 0.15

30,449,000

TOTAL........................................................ 20,931,499,000

canadianunderwriter.ca CANADIAN UNDERWRITER STATISTICAL ISSUE 2014


52

canadianunderwriter.ca CANADIAN UNDERWRITER STATISTICAL ISSUE 2014

12.

13.

14.

15.

16.

17.

18.

19.

20.

21.

22.

23.

24.

25.

26.

27.

28.

29.

30.

8.

11.

7.

6.

5.

9.

4.

10.

3.

2.

1.

$

4,478,826,000

$

66.73 1,114,451,000

$ %

243,495,000

$

739,140,000

$

Combined Loss & Exp. Ratio

31.24

135,928,000

$

Return on Equity

307,125,000

7.65

$ %

Undrwtg. Profit Inv. or Loss Income

2,319,337,000

1,369,392,000

59.04

542,805,000

60,287,000

8,080,000

26.35

85.39

338,773,000

65,430,000

0.00

2,005,440,000

1,316,278,000

65.64

24,881,000

66,467,000

430,901,000

26.04

91.68

163,597,000

97,033,000

17.33

97.27

6,086,000 102,749,000 5.78 42,066,000 247,340,000 10.05

96.50

93.72

41,158,000

7,354,000 3.00

93,977,000 70,515,000 17.83

533,261,000

383,209,000 71.86

17,163,000 121,538,000 26.01

94.89

97.87

9,972,000

26,531,000 9.98 46,795,000 55,029,000 0.00

7,301,000 29,917,000 13.44

4,310,000 31,031,000 7.81

228,137,000

92,500,000 40.55 –16,283,000

13,445,000

45,926,000 18.89

59.44

55,197,000 22.69

5,286,000 9,982,000 12.45

2,235,000 16,209,000 9.80

92,549,000

(Continued On Page 54)

CAA Insurance Company (Ontario).......... 197,246,000 192,014,000 112,934,000 58.82 6,989,000 5,855,000 51,590,000 33.56 92.38 18,892,000 11,628,000 20.57

SSQ, Societe D’Assurances Gen.............. 203,094,000 202,513,000 134,505,000 66.42 6,633,000 6,951,000 49,138,000 30.97 97.39

Pembridge Insurance Company............... 211,009,000 194,882,000 133,309,000 68.40 37,229,000 6,331,000 20,489,000 32.87 101.27

Factory Mutual Insurance Company......... 234,019,000

Travelers Canada...................................... 257,801,000 271,327,000 58,352,000 21.51 45,434,000 10,935,000 76,243,000 48.88 70.39 82,420,000 50,064,000 9.29

Alberta Motor Association......................... 279,218,000 268,459,000 230,238,000 85.76 32,281,000 8,518,000 31,235,000 26.83 112.59 –25,496,000 27,300,000 2.29

CNA Canada............................................. 284,229,000 278,242,000 182,717,000 65.67 58,233,000 8,206,000 24,539,000 32.70 98.37

Guarantee Company Of North America.... 290,599,000 283,931,000 201,791,000 71.07 57,813,000 9,064,000 51,215,000 41.59 112.66 –35,951,000 52,443,000 3.74

Gore Mutual Insurance Company............. 318,238,000 315,860,000 202,277,000 64.04 62,395,000 11,558,000 38,028,000 35.45 99.49

RBC Insurance Company Of Canada....... 336,705,000 376,334,000 206,343,000 54.83 58,448,000 9,990,000 81,833,000 39.93 94.76 19,720,000 9,886,000 24.84

SGI Canada Group.................................... 522,181,000 507,251,000 325,816,000 64.23 106,876,000 23,424,000 65,656,000 38.63 102.86 –14,521,000 58,830,000 13.50

Ontario Mutual Insurance.......................... 551,716,000 549,461,000 295,211,000 53.73 111,045,000 1,388,000 113,732,000 41.16

RBC General Insurance............................. 561,552,000

La Capitale Assurances Gen Inc............... 562,202,000 514,051,000 331,045,000 64.40 70,284,000 16,504,000 114,737,000 39.20 103.60 –19,934,000 22,036,000 5.21

AIG Insurance Co Of Canada.................... 587,332,000 573,836,000 339,685,000 59.20 50,406,000 31,577,000 74,179,000 27.21 86.41 78,746,000 139,048,000 14.21

Chubb Insurance Co of Canada............... 593,601,000 598,760,000 446,869,000 74.63 95,087,000 21,791,000 85,964,000 33.88 108.51 –50,951,000 54,697,000 0.39

Zurich Insurance Company Ltd................. 693,440,000 679,917,000 497,381,000 73.15 57,994,000 31,089,000 92,465,000 26.70 99.85 11,203,000 49,424,000 6.09

Northbridge Financial Corporation............ 1,062,111,000 1,019,697,000 604,773,000 59.31 164,954,000 39,272,000 174,954,000 37.19

Allstate Insurance Co of Canada.............. 1,147,475,000 1,094,136,000 703,969,000 64.34 102,423,000 35,129,000 183,855,000 29.38

The Dominion, Part Of Travelers Canada. 1,183,620,000 1,177,537,000 900,221,000 76.45 221,337,000 42,357,000 154,614,000 35.52 111.97 –125,853,000 204,115,000 6.58

State Farm Insurance Company............... 1,784,388,000 1,804,440,000 1,348,672,000 74.74 192,946,000 56,117,000 157,399,000 22.53

Economical Insurance............................... 1,803,586,000 1,769,195,000 1,180,063,000 66.70 348,651,000 62,970,000 195,740,000 34.33 101.03

Wawanesa Mutual Insurance.................... 2,027,851,000 2,030,244,000 1,537,650,000 75.74 368,206,000 73,392,000 175,561,000 30.40 106.14 –92,814,000 185,082,000 3.24

Desjardins General Insurance Group........ 2,073,475,000

Co–operators General Insurance.............. 2,095,955,000 2,048,093,000 1,460,126,000 71.29 285,104,000 65,642,000 327,786,000 33.13 104.42 –66,809,000 153,966,000 6.35

Lloyd’s Underwriters................................. 2,396,862,000

RSA Canada Group................................... 2,790,693,000 2,734,387,000 1,960,058,000 71.68 380,908,000 99,595,000 326,840,000 29.53 101.21 –33,015,000 160,279,000 4.95

TD Insurance, General Insurance.............. 2,839,453,000 2,730,375,000 2,645,221,000 96.88 320,840,000 88,568,000 300,508,000 26.00 122.88 –624,762,000 112,595,000 –32.71

94.21 204,569,000 87,590,000 12.50

97.97

% %

Total Expense Ratio

Aviva Canada Inc...................................... 3,622,441,000 3,534,974,000 2,190,688,000 61.97 722,936,000 119,671,000 297,109,000 32.24

6,711,840,000

$

Earned Loss General Ratio Commissions Taxes Expenses

GENERAL COMPANIES (PRIVATE SECTOR) RESULTS

(from figures supplied by the companies for 2013 business transacted in Canada)

Net Premiums Net Claims Premiums Earned & Adjusting Written 100% Basis Expenses

Intact Financial Corporation...................... 6,790,103,000

UNDERWRITING RESULTS


Prevent. Prepare. Respond.

A Catastrophe Doesn’t Have to be a Disaster Catastrophic events may be inevitable and unpredictable, but with the right preparation they don’t have to mean huge losses to a business. Crawford has dealt with every kind of catastrophe, from floods, to ice storms, to fires. Not only can we help you and your clients respond to these events, we can also help you prepare for them, so losses are minimized when they do happen. Contact us at info@crawco.ca to find out how Crawford can help you prevent, prepare, and respond to catastrophes.

www.crawfordandcompany.ca


54

canadianunderwriter.ca CANADIAN UNDERWRITER STATISTICAL ISSUE 2014

32.

33.

34.

35.

36.

37.

38.

39.

40.

41.

43.

44.

45.

46.

47.

48.

49.

50.

51.

52.

53.

54.

55.

56.

57.

58.

59.

60.

61.

62.

63.

64.

$

Premiums Earned 100% Basis $

$

$

Earned Loss General Ratio Commissions Taxes Expenses

$ %

Net Claims & Adjusting Expenses

Combined Loss & Exp. Ratio

% %

Total Expense Ratio $

Return on Equity $ %

Undrwtg. Profit Inv. or Loss Income

(from figures supplied by the companies for 2013 business transacted in Canada)

146,078,000

98,501,000 67.43

–2,292,000

7,842,000

33,874,000 26.99

94.42

8,153,000

26,703,000 5.43

6,888,000 3,210,000 11.74

19,983,000 20.52

48,000

3,453,000 39,477,000 44.12

64.64

14,998,000

6,316,000 22.36

91,548,000

17,695,000 19.33

2,854,000 48,656,000 56.27

75.60

22,343,000

2,603,000 15.36

5,249,000

516,000 7.03

477,000 3,724,000 5.87

5,768,000 2,671,000 12.38

45,833,000

25,922,000 56.56

972,000

2,795,000 15,187,000 41.35

97.91

2,062,000

655,000 0.00

41,100,000

8,122,000 19.76

17,000

1,127,000

4,595,000 13.96

33.72

27,239,000

4,643,000 27.88

(Continued On Page 55)

Le Groupe Estrie–Richelieu....................... 32,025,000 31,612,000 21,386,000 67.65 6,544,000 4,224,000 34.06 101.71

–542,000 3,727,000 3.78

Co–operative Hail Ins Co Ltd.................... 34,021,000 34,021,000 13,959,000 41.03 362,000 1,476,000 2,495,000 12.74 53.77 15,731,000 2,364,000 24.62

Ontario School Board’s Insurance............ 37,093,000 37,614,000 28,794,000 76.55 1,173,000 2,350,000 9.37 85.92 5,297,000 5,709,000 14.49

Triton Insurance........................................ 40,874,000

Great American Insurance........................ 41,219,000 40,770,000 12,303,000 30.18 5,914,000 3,148,000 10,651,000 48.35 78.53 8,754,000 5,898,000 0.00

Mutual Fire Insurance Co of BC................ 43,918,000 41,400,000 20,608,000 49.78 11,689,000 328,000 5,078,000 41.29 91.07 3,750,000 1,971,000 14.57

Berkley Insurance Company..................... 44,715,000 44,081,000 35,918,000 81.48 10,002,000 1,636,000 12,335,000 54.38 135.86 –15,603,000 1,768,000 –20.10

Western Financial Insurance..................... 46,008,000

Saskatchewan Mutual Insurance.............. 51,616,000 53,557,000 36,214,000 67.62 11,659,000 2,549,000 8,953,000 43.25 110.87 –5,416,000 5,443,000 0.28

Motors Insurance Corporation.................. 54,983,000 90,984,000 50,556,000 55.57 6,336,000 4,052,000 1,553,000 13.12 68.69 29,328,000 12,382,000 11.24

Trisura Guarantee Insurance..................... 55,502,000 47,881,000 11,146,000 23.28 13,680,000 2,299,000 16,403,000 67.63 90.91

Wynward Insurance Group....................... 58,090,000 54,203,000 28,499,000 52.58 11,972,000 2,858,000 9,642,000 45.15 97.73 1,232,000 5,671,000 15.25

Old Republic Insurance Company............ 60,520,000 63,288,000 46,116,000 72.87 8,999,000 2,438,000 5,258,000 26.38 99.25

Red River Mutual....................................... 68,698,000 66,524,000 42,507,000 63.90 17,044,000 3,202,000 7,965,000 42.41 106.31 –3,219,000 6,636,000 5.27

North Waterloo Farmers Mutual................ 77,979,000 74,949,000 41,378,000 55.21 16,488,000 2,471,000 10,390,000 39.16 94.37

XL Insurance............................................. 90,246,000 90,127,000 93,695,000 103.96 7,144,000 4,307,000 25,513,000 41.01 144.97 –40,556,000 11,584,000 –7.47

Pafco Insurance Company........................ 91,226,000 96,785,000 53,699,000 55.48 15,239,000 3,051,000 9,904,000 29.13 84.61 18,250,000 6,641,000 25.04

Stewart Title Guaranty Company.............. 91,548,000

Affiliated FM Insurance............................. 91,687,000 93,714,000 106,196,000 113.32 3,241,000 4,542,000 13,707,000 22.93 136.25 –33,983,000 12,370,000 –9.34

Boiler Inspection & Insurance Company... 92,206,000 88,994,000 28,336,000 31.84 22,371,000 1,052,000 19,905,000 48.69 80.53 17,330,000 4,171,000 20.50

Cumis General Insurance.......................... 92,931,000 91,539,000 52,564,000 57.42 11,541,000 3,487,000 11,082,000 28.52 85.94 13,685,000 6,079,000 24.09

Unica Insurance........................................ 93,495,000 96,787,000 64,828,000 66.98 18,809,000 2,978,000 15,411,000 38.43 105.41 –3,084,000 8,900,000 5.04

97,406,000

Lawyers’ Professional Indemnity.............. 106,150,000 106,484,000 96,703,000 90.81 1,535,000 3,408,000 16,330,000 19.98 110.79 –8,422,000 16,255,000 3.29

Optimum General Inc................................ 111,639,000 108,307,000 56,360,000 52.04 16,739,000 4,577,000 23,757,000 41.62 93.66

ACE INA Insurance................................... 118,318,000 118,063,000 108,996,000 92.32 –883,000 10,793,000 23,887,000 28.63 120.95 –24,730,000 25,989,000 3.10

Peace Hills General Insurance.................. 124,159,000 116,323,000 77,142,000 66.32 23,045,000 6,316,000 21,239,000 43.50 109.82 –9,274,000 8,556,000 –0.50

Canadian Direct Insurance........................ 130,516,000 126,825,000 88,216,000 69.56 1,743,000 5,267,000 30,752,000 29.77 99.33 2,916,000 7,190,000 11.64

Allianz Global Risks US............................. 146,034,000 163,024,000 160,060,000 98.18 6,991,000 8,557,000 27,671,000 26.51 124.69 –40,255,000 13,444,000 6.81

Industrielle Alliance Compagnie................ 156,188,000 209,135,000 139,275,000 66.60 7,284,000 8,028,000 46,401,000 29.51 96.11 –3,719,000 6,465,000 5.60

Echelon General Insurance....................... 157,008,000 155,840,000 106,551,000 68.37 27,935,000 5,325,000 19,374,000 33.77 102.14 –1,005,000 11,689,000 7.20

L’Unique Assurances Generales............... 157,494,000 142,897,000 92,660,000 64.84 25,078,000 5,281,000 24,971,000 38.72 103.56 –2,134,000 5,753,000 5.58

Liberty Mutual Insurance........................... 162,727,000

Portage La Prairie Mutual.......................... 194,516,000 189,206,000 141,320,000 74.69 35,352,000 7,647,000 28,033,000 37.54 112.23 –19,664,000 20,923,000 1.31

$

Net Premiums Written

42. FCT............................................................ 97,406,000

31.

UNDERWRITING RESULTS

(Continued From Page 52)

GENERAL COMPANIES (PRIVATE SECTOR) RESULTS


CANADIAN UNDERWRITER STATISTICAL ISSUE 2014

55

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.

$

Premiums Earned 100% Basis $

$

$

Earned Loss General Ratio Commissions Taxes Expenses

$ %

Net Claims & Adjusting Expenses

Combined Loss & Exp. Ratio

% %

Total Expense Ratio $

Return on Equity $ %

Undrwtg. Profit Inv. or Loss Income

26,027,000

9,139,000 35.11 10,844,000

1,112,000

1,672,000 52.36

87.47

3,288,000

782,000 10.69

–877,000 2,067,000 2.50

–249,000 728,000 3.37

13,009,000

13,297,000 3,557,000 27.34

689,000

2,764,000 20.79 15,670,000 296,000

509,000

2,733,000 28.58

1,821,000 135.37

55.92

156.16

9,447,000

5,500,000 58.22 –5,207,000

8,406,000 48.54

106.76

7,417,000

7,768,000 6,825,000 92.02

3,549,000 45.69

265,000

364,000

569,000 11.24

2,188,000 32.85

78.54 103.26

4,774,000

2,368,000

3,558,000

4,269,000

4,339,000

5,467,000

5,748,000

760,000

160,000

1,007,000 42.53

1,817,000 51.07

2,831,000 66.32

5,330,000 122.84

600,000

–939,000

723,000

–1,522,000

123,000

413,000

213,000

831,000

687,000 12.57

2,455,000 42.71

–513,000 395,000 0.00

2,949,000 5.06

1,241,000 4.40

1,380,000 88.81

3,781,000 91.48

1,053,000 46.59

9,206,000 196.24

963,000 17.61

1,142,000 35.87

131.34

142.55

112.91

319.08

30.18

78.58

1,559,000 3.65

493,000 1.52

2,884,000 8.60

–742,000

–1,349,000

–410,000

–9,498,000

3,817,000

1,231,000

1,278,000 5.89

46,000 12.63

615,000 0.00

1,453,000 –11.59

567,000 61.46

726,000 4.00

–496,000 1,306,000 2.50

–242,000

1,822,000

815,000 237,000 10.97

603,000

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

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

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

Corepointe Insurance................................

0

0

0

43,000

0

0

0

54,000

2,000

–18,000 0.00

–333,000 0.00

106,000 0.00

–400,000 –740.74

31.25

247,000 0.00

320,000 0.00

250,000 0.00

151,000 283.33

99.87

0.00

0.00

0.00

–457.41

4.07 171,000 0.00

547,000

36,000 –5.68 277,738,000 2,805,456,000

–229,000

13,000 1,354,000 3.04

–356,000

301,000

Protective Insurance Company................. 1,818,000 1,819,000 2,534,000 139.31 169,000 104,000 297,000 31.34 170.65 –1,285,000 122,000 –5.86

Clare Mutual Insurance Company............. 1,872,000 1,842,000 842,000 45.71 297,000 962,000 68.35 114.06 –151,000 146,000 2.96

Fundy Mutual Insurance............................ 2,403,000

Atradius Credit Insurance N.V................... 3,727,000

Antigonish Farmers’ Mutual...................... 4,388,000

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

Pacific Coast Fishermen’s Mutual Marine. 5,470,000

Sompo Japan Insurance Inc..................... 5,660,000

Kings Mutual Insurance Company............ 6,992,000 6,850,000 2,429,000 35.46 1,359,000 236,000 2,596,000 61.18 96.64

American Road Insurance Company........ 7,417,000

The Mearie Group..................................... 7,768,000

–55,000 5,734,000

21,000 2,928,000 32.35 56.34 5,356,000 2,256,000 7.50

1,387,000

Mennonite Mutual Fire Insurance.............. 7,955,000 7,294,000 4,258,000 58.38 5,760,000 198,000 1,765,000 105.88 164.26

Euler Hermes North America Insurance.... 9,751,000

Federal Insurance Company..................... 10,870,000 12,268,000 2,943,000 23.99 1,020,000

Legacy General Insurance........................ 10,929,000 8,007,000 3,815,000 47.65 2,405,000 240,000 2,060,000 58.76 106.41

Hartford Fire Insurance............................. 12,247,000

Western Surety Company......................... 13,500,000

PEI Mutual Insurance Company................ 16,306,000 16,198,000 12,468,000 76.97 2,252,000 185,000 3,332,000 35.62 112.59 –2,039,000 3,282,000 2.73

Arch Insurance (Canada)........................... 17,956,000 47,623,000 63,584,000 133.52 39,294,000 3,731,000 28,930,000 151.09 284.61 –41,707,000 5,788,000 –72.35

Mitsui Sumitomo Insurance...................... 20,029,000 20,717,000 15,412,000 74.39 1,957,000 776,000 3,449,000 29.84 104.23

Omega General Insurance........................ 20,222,000 20,169,000 10,335,000 51.24 7,636,000 1,050,000 1,397,000 49.99 101.23

Associated Electric & Gas Insurance Services.. 22,245,000 20,027,000 17,594,000 87.85 –2,144,000 770,000 5,837,000 22.28 110.13 –2,646,000 1,121,000 0.00

Chicago Title............................................. 26,027,000

Tokio Marine & Nichido Fire...................... 29,422,000 28,004,000 13,900,000 49.64 3,691,000 868,000 5,277,000 35.12 84.76 4,281,000 2,263,000 7.63

$

Net Premiums Written

GENERAL COMPANIES (PRIVATE SECTOR) RESULTS

(from figures supplied by the companies for 2013 business transacted in Canada)

TOTALS.................................................... 41,624,741,000 40,938,416,000 28,091,257,000 68.62 6,059,218,000 1,430,922,000 5,302,729,000

65.

UNDERWRITING RESULTS

(Continued From Page 54)


56

canadianunderwriter.ca CANADIAN UNDERWRITER STATISTICAL ISSUE 2014

Chubb Insurance Co of Canada................ 641,560,000 1,973,000 386,000 3,042,000 3,884,000 99,918,000 348,125,000 8,605,000 5,915,000 84,731,000 84,064,000 165,000 686,000

RBC General Insurance............................. 574,606,000 6,630,000 3,132,000 13,573,000 9,746,000 33,072,000 441,366,000 1,068,000 1,447,000 54,763,000 8,832,000 365,000 284,000 328,000

SGI Canada Group.................................... 563,948,000

La Capitale Assurances Gen Inc............... 544,943,000 544,943,000

RBC Insurance Company Of Canada....... 347,662,000 1,810,000 1,021,000 5,774,000 3,360,000 28,959,000 219,310,000 8,875,000 4,696,000 41,631,000 31,603,000 253,000 317,000

Gore Mutual Insurance Company............. 345,594,000

Guarantee Company Of North America.... 338,668,000 2,276,000 1,024,000 6,342,000 3,711,000 52,308,000 227,851,000 5,597,000 2,410,000 22,465,000 14,043,000 33,000 599,000

ACE INA Insurance................................... 337,473,000

Travelers Canada....................................... 306,639,000 2,904,000 977,000 4,219,000 2,728,000 41,208,000 118,831,000 17,024,000 8,515,000 57,289,000 48,223,000 1,275,000 1,944,000 1,502,000

Alberta Motor Association......................... 292,805,000

Factory Mutual Insurance Company......... 286,871,000

CNA Canada............................................. 286,603,000

Allianz Global Risks US............................. 263,406,000 2,148,000 886,000 4,609,000 2,328,000 43,750,000 94,290,000 7,547,000 7,890,000 56,652,000 39,862,000 1,026,000 1,296,000 1,122,000

Liberty Mutual Insurance........................... 235,676,000 8,094,000 288,000 1,941,000 16,351,000 37,054,000 89,691,000 3,965,000 4,523,000 53,232,000 19,967,000 159,000 197,000 214,000

18.

19.

20.

21.

22.

23.

24.

25.

26.

27.

28.

29.

30.

10,240,000

1,586,000

7,751,000

4,285,000

210,000

294,000

6,956,000

5,000

65,000

10,180,000

279,958,000

58,361,000

208,000

154,000

17,101,000 398,109,000

2,949,000

62,843,000

61,761,000

88,000

22,000

15,000

57,000

28,000

5,923,000

24,000 286,649,000

134,000

(Continued On Page 58)

362,000 2,753,000 2,391,000 39,340,000 109,931,000 14,003,000 9,129,000 57,021,000 48,883,000 211,000 705,000

982,000 5,547,000 12,277,000 45,279,000 78,249,000 10,832,000 18,462,000 43,876,000 61,786,000 1,066,000 149,000

75,000

477,000 5,367,000 7,259,000 39,993,000 150,014,000 13,063,000 16,938,000 59,549,000 38,412,000 624,000 504,000

110,000

8,000

57,000

55,000

469,000

17.

–1,000

886,000 1,334,000

288,000

615,000

988,000

9,000

16,000

53,000

14,000

66,000

958,000 11,433,000 10,949,000 170,860,000 369,748,000 15,889,000 18,812,000 189,383,000 112,252,000 163,000 4,487,000 1,311,000

106,436,000

62,571,000

Ontario Mutual Insurance.......................... 667,108,000 667,108,000

865,099,000

140,206,000

Zurich Insurance Company Ltd................. 916,459,000 10,214,000

99,578,000

1,330,000

16.

51,754,000

1,662,000

15.

33,119,000

970,079,000

AIG Insurance Co Of Canada.................... 1,012,994,000 19,185,000 1,429,000 15,692,000 19,005,000 146,020,000 336,994,000 21,256,000 21,367,000 304,822,000 122,133,000 2,441,000 925,000 1,725,000

4,110,000

Allstate Insurance Co of Canada............... 1,156,307,000

20,605,000

14.

46,634,000

13.

16,496,000

Northbridge Financial Corporation............ 1,171,949,000 24,728,000 4,323,000 25,347,000 21,361,000 171,435,000 533,203,000 22,047,000 44,155,000 188,129,000 132,614,000 1,025,000 2,124,000 1,458,000

34,554,000

The Dominion, Part Of Travelers Canada.. 1,300,936,000

12.

112,000

107,000

666,000

11.

6,579,000 6,162,000

State Farm Insurance Company............... 1,787,786,000 46,888,000 1,563,622,000 176,702,000 128,000 345,000 101,000

148,225,000

Economical Insurance............................... 1,907,265,000 21,192,000 5,686,000 58,796,000 60,086,000 121,121,000 1,093,827,000 10,601,000 3,545,000 245,788,000 286,016,000 145,000 350,000

593,825,000

615,000

10.

78,302,000

Lloyd’s Underwriters.................................. 1,986,883,000 35,652,000 4,204,000 34,522,000 34,672,000 307,511,000 598,321,000 44,984,000 46,814,000 389,183,000 474,645,000 4,267,000 6,985,000 5,123,000

39,058,000

9.

1,010,229,000

8.

76,742,000

Desjardins General Insurance Group........ 2,112,091,000 7,462,000 4,296,000 30,021,000 15,840,000 1,151,134,000 806,624,000 6,082,000 1,316,000 82,400,000 4,737,000 641,000 1,388,000 150,000

57,138,000

7.

65,064,000

Wawanesa Mutual Insurance.................... 2,151,275,000 10,404,000 69,919,000 108,801,000 64,205,000 626,716,000 105,424,000 123,152,000 821,753,000 213,566,000 6,843,000 385,000

6.

17,672,000

Co–operators General Insurance Co......... 2,172,301,000

5.

72,639,000

TD Insurance, General Insurance.............. 2,909,424,000 20,326,000 7,053,000 72,361,000 50,320,000 197,908,000 1,787,521,000 7,038,000 3,435,000 721,064,000 25,181,000 9,801,000 6,801,000

4.

678,000

RSA Canada Group................................... 3,050,300,000 178,797,000 8,933,000 130,035,000 66,639,000 407,303,000 1,293,109,000 31,469,000 23,739,000 458,825,000 438,471,000 6,387,000 3,786,000 2,807,000

1,357,000

3.

8,600,000 166,934,000 93,873,000 2,056,281,000 3,100,899,000 74,404,000 14,908,000 1,229,434,000 441,527,000 4,673,000 12,333,000

Aviva Canada Inc....................................... 3,732,302,000 99,282,000 16,044,000 120,961,000 96,129,000 478,902,000 1,991,757,000 89,551,000 60,423,000 515,232,000 241,269,000 7,199,000 14,875,000

100,271,000

Intact Financial Corporation...................... 7,305,494,000

2.

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

1.

Company

(Excludes A&S and Reinsurance Companies)

By company – on a province by province basis

2013 TOTAL DIRECT WRITTEN BUSINESS


CROSS-BORDER

For Canadian brokers, placing coverages for clients with U.S. holdings can border on the difficult. With Burns & Wilcox Canada, you have clear access to the broadest range of products in all 50 states. Our expertise simplifies the broker of record process, while our global connections remove barriers to doing multinational business. Take the road that leads to all the solutions you need. Call Burns & Wilcox Canada today.

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58

canadianunderwriter.ca CANADIAN UNDERWRITER STATISTICAL ISSUE 2014

Echelon General Insurance....................... 166,511,000

L’Unique Assurances Generales............... 164,634,000

Canadian Direct Insurance........................ 140,492,000

Optimum General Inc................................ 140,381,000

XL Insurance.............................................. 125,386,000 2,010,000 100,000 3,769,000 2,825,000 20,387,000 50,981,000 3,193,000 4,238,000 23,227,000 13,261,000 318,000 847,000

Lawyers’ Professional Indemnity............... 113,561,000

38.

39.

40.

41.

42.

North Waterloo Farmers Mutual................ 87,939,000 87,939,000

Trisura Guarantee Insurance..................... 78,775,000

Red River Mutual....................................... 77,431,000 70,240,000 7,191,000

Wynward Insurance Group........................ 76,407,000

Old Republic Insurance Company............ 73,111,000

Saskatchewan Mutual Insurance.............. 60,657,000

Co–operative Hail Ins Co Ltd.................... 54,682,000 5,201,000 49,481,000

Mutual Fire Insurance Co of BC................ 54,111,000

Berkley Insurance Company..................... 49,757,000

Le Groupe Estrie–Richelieu....................... 44,165,000 44,165,000

Triton Insurance......................................... 40,874,000 1,954,000 225,000 1,528,000 1,366,000 6,683,000 14,584,000 1,705,000 1,651,000 6,117,000 4,674,000 192,000 195,000

Ontario School Board’s Insurance............ 40,165,000 40,165,000

Euler Hermes North America Insurance.... 39,984,000

Boiler Inspection & Insurance Company... 31,401,000

Everest Insurance Co of Canada............... 28,831,000

50.

51.

52.

53.

54.

55.

56.

57.

58.

59.

60.

61.

62.

63.

64.

54,000

364,000

79,851,000

269,000

968,000

9,104,000

4,635,000

4,000 17,000

1,903,000

9,105,000

32,625,000

3,503,000

2,253,000 11,876,000 14,012,000 171,000 147,000

470,000

628,000

603,000

390,000

299,000 14,225,000

160,000 10,462,000

1,724,000

20,320,000

22,420,000

25,000

58,183,000

43,000

8,948,000

2,303,000

39,000 42,000

278,000

1,096,000

2,416,000

421,000

441,000

2,472,000

1,275,000

6,287,000

11,000

6,000

2,626,000

8,003,000

6,250,000 42,948,000

7,336,000 39,853,000 13,486,000

93,000

81,000 960,000 845,000 6,021,000 12,903,000 536,000 2,189,000 3,109,000 4,394,000 5,000 76,000

70,000

107,000

39,000

336,000 3,153,000 2,133,000 1,190,000 15,615,000 8,153,000 15,780,000 11,925,000 16,823,000 89,000 43,000

156,000 1,962,000

113,000 94,000 575,000 318,000 6,120,000 13,432,000 678,000 679,000 3,124,000 3,685,000 7,000 2,000

247,000

136,000

686,000

1,055,000

1,047,000

982,000 167,000 2,599,000 1,993,000 5,329,000 37,732,000 5,072,000 3,850,000 21,792,000 9,738,000 106,000 79,000

496,000 351,000 1,855,000 1,321,000 3,287,000 74,880,000 1,014,000 805,000 2,106,000 5,390,000 22,000

68,000

4,000

35,000

18,000

112,000

15,000

139,000

21,000

4,000

4,000

Arch Insurance (Canada)........................... 89,578,000

1,000

4,000 62,183,000 11,663,000 3,762,000 8,727,000 5,155,000 4,000 14,000

Stewart Title Guaranty Company.............. 91,548,000

104,000

716,000 924,000 2,611,000 4,653,000

49.

74,000

230,000

48.

3,000

2,000

Pafco Insurance Company........................ 92,171,000 2,876,000 1,563,000 22,387,000 65,334,000 1,000 8,000 2,000

13,846,000

1,000

5,000

47.

7,226,000

20,000

Motors Insurance Corporation.................. 95,443,000

2,109,000

5,000

49,530,000

75,625,000

13,000

Cumis General Insurance.......................... 100,420,000

3,317,000

159,000

6,663,000

64,837,000

74,000

46.

36,893,000

20,000

366,000

40,000

–419,000

16,426,000

41,619,000 1,881,000 1,324,000

45.

43,823,000

96,000

5,954,000

462,000

8,342,000

Unica Insurance......................................... 101,305,000 101,367,000 –62,000

1,045,000

113,266,000

47,706,000

484,000

6,014,000 127,246,000

4,000

691,000

12,836,000

Affiliated FM Insurance.............................. 110,023,000

973,000

2,000

30,162,000

724,000

102,408,000

44.

272,000

10,000

18,743,000

400,000 163,314,000

1,308,000

43.

442,000

5,000

127,000

743,000 16,982,000

22,000

257,000

820,000

Peace Hills General Insurance.................. 191,740,000

1,705,000

37.

40,685,000

CAA Insurance Company (Ontario).......... 205,836,000 1,279,000 3,782,000 4,397,000 195,988,000 390,000

13,731,000

36.

50,214,000

35.

47,225,000

SSQ, Societe D’Assurances Gen.............. 208,224,000 208,224,000

12,691,000

34.

3,786,000 41,329,000

Pembridge Insurance Company................ 212,491,000 13,738,000 16,161,000 1,816,000 167,057,000 13,648,000 13,000 46,000 12,000

33.

3,482,000

Industrielle Alliance Compagnie................ 232,155,000 232,155,000

Portage La Prairie Mutual.......................... 214,848,000

32.

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

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

2013 TOTAL DIRECT WRITTEN BUSINESS

31.

Company

(Continued From Page 56)


CANADIAN UNDERWRITER STATISTICAL ISSUE 2014

59

The Mearie Group...................................... 11,646,000 11,646,000

Atradius Credit Insurance N.V................... 10,865,000

Kings Mutual Insurance Company............ 7,905,000 6,000 7,896,000 3,000

American Road Insurance Company........ 7,417,000

Pacific Coast Fishermen’s Mutual Marine. 6,185,000 6,185,000

Sompo Japan Insurance Inc..................... 4,963,000

Fundy Mutual Insurance............................ 3,464,000 3,464,000

Clare Mutual Insurance Company............. 2,914,000 2,914,000

Protective Insurance Company................. 2,130,000

Federal Insurance Company..................... 735,000 12,000 46,000 622,000 2,000 9,000 21,000 23,000

Corepointe Insurance................................ 43,000 1,000 2,000 5,000 20,000 1,000 2,000 8,000 4,000

74.

75.

76.

77.

78.

79.

80.

81.

82.

83.

Totals........................................................ 44,576,771,000

Hartford Fire Insurance.............................. 13,827,000

73.

2,000

Mennonite Mutual Fire Insurance.............. 16,269,000 16,269,000

17,000

72.

13,000

PEI Mutual Insurance Company................ 18,555,000 18,555,000

8,818,000

71.

8,952,000

70.

158,000

Mitsui Sumitomo Insurance....................... 22,078,000

182,000

69.

9,113,000

Western Surety Company......................... 24,189,000

400,000

Chicago Title............................................. 25,856,000

200,000

68.

351,000

67.

38,000

24,000

466,000

859,000

14,000

4,211,000

1,690,000

4,903,000

7,157,000

2,885,000

2,000

18,000

2,000

26,000

31,000

818,000

4,616,000

907,000

1,833,000

4,734,000

861,000

572,000 12,000 34,000

680,792,000 153,355,000 1,054,804,000 890,653,000 7,319,604,000 21,413,441,000 785,174,000 1,103,147,000 7,490,861,000 3,529,391,000 59,461,000 72,541,000 23,565,000

5,000 2,000 34,000 25,000 261,000 1,463,000 41,000 11,000 204,000 84,000

2,000 6,000 4,000 438,000 3,478,000 12,000 101,000 300,000 622,000

85,000 199,000 101,000 2,057,000 1,934,000 195,000 379,000 1,849,000

128,000 1,142,000 2,401,000 2,655,000 124,000 3,017,000 1,398,000

1,000

185,000 14,000 241,000 126,000 2,101,000 11,848,000 382,000 199,000 4,154,000 2,591,000 69,000 148,000 20,000

1,958,000

411,000 47,000 606,000 295,000 3,040,000 14,328,000 183,000 380,000 3,969,000 2,552,000 25,000 19,000 1,000

183,000 60,000 211,000 30,000 1,987,000 15,047,000 90,000 78,000 3,105,000 5,952,000 2,000 11,000 157,000

208,000

Omega General Insurance......................... 28,452,000

Tokio Marine & Nichido Fire....................... 26,913,000

66.

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

65.

Company

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

2013 TOTAL DIRECT WRITTEN BUSINESS


60

canadianunderwriter.ca CANADIAN UNDERWRITER STATISTICAL ISSUE 2014

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.

49,780,000 907,105,000 2,079,907,000

496,000

1,294,000 759,674,000 15,745,000 2,317,000 5,329,000 943,000

4,588,000 60,341,000

33,947,000 127,134,000

730,024,000

56,172,000 239,970,000 1,205,394,000 402,000

952,000

2,321,000 3,862,000 3,852,000

455,000

8,000

2,000 77,150,000

858,000

57,000 210,000 55,000 539,000 570,000 202,000

7,287,000 17,573,000 349,195,000

473,000

430,000 41,103,000 2,294,000

243,000 223,000 151,000

6,239,000 44,911,000

62,000 145,006,000 39,702,000

3,000

14,000 28,000 10,000

145,000 4,336,000

85,731,000

589,000 1,690,000 44,657,000 5,064,000

13,000 46,000 12,000

334,000 140,000 225,000

704,000 16,199,000

577,000 10,618,000

94,139,000

1,000 2,560,000 1,615,000

21,000 31,000

13,000

7,505,000

31,014,000 1,023,000 22,774,000

13,000

90,000

173,000 1,075,000

4,000

2,000 1,167,000 71,000 6,287,000 64,304,000 112,000 204,000 8,159,000

352,000 3,513,000 85,669,000

8,000

15,000 28,000 218,000 19,000

9,000

AIG Insurance Co Of Canada............. 61,066,000 371,000 254,000 1,353,000

(Continued On Page 62)

4,216,000 6,265,000 36,271,000 561,000 499,000 9,316,000 1,891,000

27,000 28,000 14,000

Peace Hills General Insurance........... 65,748,000 64,142,000 975,000 514,000 117,000

L’Unique Assurances Generales........ 70,331,000 71,450,000 –1,119,000

Unica Insurance................................. 72,987,000 73,066,000 –79,000

Chubb Insurance Co of Canada........ 79,646,000 169,000

Guarantee Company Of North America.. 92,075,000 60,000

Pafco Insurance Company................. 92,171,000 2,876,000 1,563,000 22,387,000 65,334,000 1,000 8,000 2,000

Portage La Prairie Mutual................... 94,510,000 2,221,000 3,041,000 26,932,000

Canadian Direct Insurance................. 94,584,000 51,383,000 43,171,000 5,000 20,000 5,000

RBC Insurance Company Of Canada.. 119,146,000 155,000 1,470,000 984,000 106,428,000 10,020,000 20,000 54,000 15,000

SSQ, Societe D’Assurances Gen....... 121,190,000 121,190,000

Echelon General Insurance................ 126,478,000

CAA Insurance Company (Ontario)... 145,106,000 1,085,000 2,729,000 3,256,000 138,036,000

Industrielle Alliance Compagnie......... 147,309,000 147,309,000

1,000 141,198,000 8,822,000

4,107,000 27,622,000

Pembridge Insurance Company........ 172,074,000 9,528,000 12,454,000

Zurich Insurance Company Ltd.......... 176,488,000 1,848,000

Gore Mutual Insurance Company...... 181,013,000 180,921,000 19,000 57,000 16,000

Alberta Motor Association.................. 221,148,000 221,148,000

SGI Canada Group............................. 248,164,000 7,721,000 4,468,000

Ontario Mutual Insurance................... 270,413,000 270,413,000

La Capitale Assurances Gen Inc........ 324,477,000 324,477,000

RBC General Insurance...................... 436,790,000 5,715,000 2,851,000 9,252,000

Northbridge Financial Corporation..... 462,897,000 8,905,000 1,802,000 9,948,000 11,064,000 50,082,000 272,449,000 1,591,000 2,480,000 85,182,000 18,339,000 409,000 543,000 103,000

213,000 648,490,000

Allstate Insurance Co of Canada....... 898,279,000 23,670,000 38,605,000 62,093,000 698,102,000 75,487,000

The Dominion, Part Of Travelers Canada... 799,645,000 22,809,000 10,849,000 26,439,000 11,516,000

144,000 350,000 112,000 86,000 3,391,000 2,243,000 117,000

6,000 144,648,000 88,333,000

Co–operators General Insurance Co. 1,029,217,000 36,692,000 9,770,000 28,747,000 28,028,000 16,514,000 601,852,000 1,278,000 7,579,000 292,920,000

Economical Insurance........................ 1,043,730,000 14,329,000 2,919,000 28,736,000 35,463,000 38,837,000 689,853,000

Wawanesa Mutual Insurance............. 1,148,104,000 8,867,000 47,360,000 79,029,000 39,177,000 458,315,000 510,397,000 4,467,000 385,000 107,000

State Farm Insurance Company........ 1,278,057,000 28,978,000 1,121,789,000 126,716,000 128,000 345,000 101,000

506,000 1,107,000 114,000

563,000 231,922,000 42,903,000 2,594,000 2,127,000 1,482,000

6,328,000 271,733,000

Desjardins General Insurance Group. 1,317,795,000 5,773,000 3,535,000 20,423,000 11,494,000 543,485,000 666,697,000 64,661,000

RSA Canada Group............................ 1,357,133,000 119,106,000

Aviva Canada Inc............................... 1,934,800,000 63,376,000 10,754,000 69,631,000

TD Insurance, General Insurance....... 2,049,207,000 14,399,000 5,999,000 49,253,000 35,482,000 92,425,000 1,349,681,000 489,366,000 7,193,000 4,956,000 453,000

4,536,000 83,477,000

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

Intact Financial Corporation............... 3,977,857,000 67,254,000

Company

(Excludes A&S and Reinsurance Companies)

By company – on a province by province basis

2013 DIRECT WRITTEN AUTO


At CARSTAR, we are proud to qualify as We would like to extend our sincere one of Canada’s Best Managed Companies appreciation to our outstanding franchise for three years running. partners and employees.

Over 200 locations in 10 provinces www.carstar.ca


62

canadianunderwriter.ca CANADIAN UNDERWRITER STATISTICAL ISSUE 2014

55.

56.

57.

58.

59.

(Excludes A&S and Reinsurance Companies)

2013 DIRECT WRITTEN AUTO

By company – on a province by province basis

476,000

632,000

19,000 2,884,000

6,000

4,000 14,000

4,000

148,000 1,997,000 21,868,000 143,000 488,000 15,631,000 503,000 356,000 255,000 285,000

15,000

3,117,000 6,452,000 32,168,000 757,000 811,000 12,274,000 1,073,000 160,000 104,000 24,000 1,515,000 39,930,000

3,000 122,000 415,000 5,437,000

5,405,000 344,000 1,441,000 4,941,000 2,693,000

44,000

125,000 1,460,000 12,898,000 302,000 186,000 10,034,000 614,000 33,000 104,000 22,000

646,000 2,821,000 15,059,000 299,000 434,000 11,391,000 1,727,000 49,000 49,000 79,000

2,000 83,000

1,000 68,000

2,000 34,000

7,000 16,000

12,000 34,000

3,000 540,000 30,000 2,000 11,000 1,000

25,000 261,000 1,463,000 41,000 11,000 204,000 84,000

42,000 287,000 2,593,000 31,000

54,000 364,000 1,591,000 269,000 473,000 1,918,000 168,000 4,000 17,000 4,000

6,000 11,000 5,353,000 26,000 14,000 786,000 32,000 33,000 17,000

572,000

2,000 397,000 100,000 1,000 2,000

1,934,000 195,000 379,000 1,849,000

27,000 553,000 6,346,000 4,000 101,000 2,057,000

12,000 116,000

573,000 17,000

9,000 115,000 48,000

30,000 260,000 922,000 –92,000 23,000 8,000 75,000 2,000 6,000 7,000

80,897,000 532,922,000

476,006,000 2,903,199,000 12,558,330,000

10,543,000 181,061,000 3,728,775,000

229,561,000

28,031,000 23,883,000

5,294,000

Federal Insurance Company.............. 142,000 19,000 102,000 11,000 10,000

Everest Insurance Co of Canada....... 299,000 6,000 37,000 5,000 246,000 5,000

Allianz Global Risks US...................... 326,000 41,000 –2,000 126,000 161,000

Mennonite Mutual Fire Insurance....... 427,000 427,000

Le Groupe Estrie–Richelieu................ 880,000 880,000

Hartford Fire Insurance...................... 906,000 1,000 15,000

XL Insurance...................................... 1,299,000 15,000 5,000 38,000

The Mearie Group.............................. 1,436,000 1,436,000

Ontario School Board’s Insurance..... 1,601,000 1,601,000

Protective Insurance Company.......... 2,130,000 5,000

Mitsui Sumitomo Insurance............... 3,612,000 49,000

Motors Insurance Corporation........... 5,035,000 104,000

Arch Insurance (Canada).................... 6,307,000 1,000 28,000

American Road Insurance Company. 7,417,000 85,000 199,000

Tokio Marine & Nichido Fire............... 7,552,000 35,000

Saskatchewan Mutual Insurance....... 10,830,000 1,624,000 9,206,000

Lloyd’s Underwriters.......................... 21,221,000 117,000 384,000

CNA Canada...................................... 25,947,000 44,000

Liberty Mutual Insurance.................... 33,287,000 216,000 41,000 476,000

North Waterloo Farmers Mutual......... 36,734,000 36,734,000

Optimum General Inc......................... 38,306,000 4,219,000 31,001,000 3,086,000

Travelers Canada............................... 42,406,000 52,000 371,000 309,000

Cumis General Insurance................... 45,638,000 139,000

ACE INA Insurance............................ 59,543,000 800,000 188,000 1,615,000

Old Republic Insurance Company..... 60,846,000 570,000 34,000 492,000 1,574,000 275,000 49,798,000 39,000 29,000 7,810,000 128,000 38,000 41,000 18,000

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

TOTALS............................................. 21,123,762,000 365,260,000

54.

47.

53.

46.

45.

52.

44.

51.

43.

42.

41.

50.

40.

39.

49.

38.

48.

37.

36.

35.

Company

(Continued From Page 60)


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

Net Premiums Earned $

Net Losses Loss Incurred Ratio $ %

PROPERTY TOTAL

FIVE YEAR RECORD BY CLASSES

2009 12,556,784,000 8,847,027,000 70.46 2010 13,239,501,000 8,136,548,000 61.46 2011 13,781,178,000 9,485,469,000 68.83 2012 14,284,213,000 8,883,438,000 62.19 2013 14,984,419,000 10,902,670,000 72.76 Total 68,846,095,000 46,255,152,000 67.19 2013 Net Premiums Written: 15,411,340,000 2013 Direct Written Premiums: 16,260,624,000

AIRCRAFT 2009 223,916,000 109,031,000 48.69 2010 199,674,000 117,584,000 58.89 2011 193,273,000 129,689,000 67.10 2012 129,564,000 58,380,000 45.06 2013 130,281,000 69,783,000 53.56 Total 876,708,000 484,467,000 55.26 2013 Net Premiums Written: 114,341,000 2013 Direct Written Premiums: 203,778,000

AUTO TOTAL 2009 18,117,985,000 13,697,840,000 75.60 2010 19,019,178,000 15,563,909,000 81.83 2011 19,611,406,000 14,428,363,000 73.57 2012 20,206,373,000 14,479,776,000 71.66 2013 20,706,932,000 14,889,452,000 71.91 Total 97,661,874,000 73,059,340,000 74.81 2013 Net Premiums Written: 20,931,499,000 2013 Direct Written Premiums: 21,123,976,000

Net Premiums Earned $

Net Losses Loss Incurred Ratio $ %

FIDELITY 2009 115,947,000 56,098,000 48.38 2010 118,891,000 43,247,000 36.38 2011 115,770,000 20,920,000 18.07 2012 111,618,000 42,175,000 37.79 2013 108,238,000 42,281,000 39.06 Total 570,464,000 204,721,000 35.89 2013 Net Premiums Written: 110,813,000 2013 Direct Written Premiums: 113,961,000

HAIL 2009 53,045,000 9,405,000 17.73 2010 55,784,000 31,960,000 57.29 2011 55,967,000 23,665,000 42.28 2012 22,983,000 32,155,000 139.91 2013 57,281,000 18,932,000 33.05 Total 245,060,000 116,117,000 47.38 2013 Net Premiums Written: 57,451,000 2013 Direct Written Premiums: 79,234,000

LEGAL EXPENSE 2009 17,572,000 7,787,000 44.31 2010 9,538,000 8,519,000 89.32 2011 11,503,000 6,908,000 60.05 2012 11,830,000 8,759,000 74.04 2013 12,939,000 14,492,000 112.00 Total 63,382,000 46,465,000 73.31 2013 Net Premiums Written: 13,749,000 2013 Direct Written Premiums: 14,797,000

BOILER/MACH-EXCLD

TITLE

LIABILITY

2009 307,343,000 82,128,000 26.72 2010 323,996,000 118,071,000 36.44 2011 336,724,000 173,365,000 51.49 2012 340,246,000 121,953,000 35.84 2013 355,532,000 140,787,000 39.60 Total 1,663,841,000 636,304,000 38.24 2013 Net Premiums Written: 387,619,000 2013 Direct Written Premiums: 394,664,000

2009 183,862,000 56,302,000 30.62 2010 201,608,000 48,552,000 24.08 2011 213,048,000 48,132,000 22.59 2012 190,723,000 40,177,000 21.07 2013 209,842,000 45,529,000 21.70 Total 999,083,000 238,692,000 23.89 2013 Net Premiums Written: 209,842,000 2013 Direct Written Premiums: 212,605,000

2009 4,873,857,000 2,912,408,000 59.76 2010 4,776,613,000 2,827,897,000 59.20 2011 4,696,413,000 2,902,308,000 61.80 2012 4,531,953,000 2,550,352,000 56.27 2013 4,616,929,000 2,437,324,000 52.79 Total 23,495,765,000 13,630,289,000 58.01 2013 Net Premiums Written: 4,646,043,000 2013 Direct Written Premiums: 5,224,991,000

BOILER/MACH-EQUIP

MARINE

2009 0.00 2009 292,057,000 158,349,000 54.22 2010 0.00 2010 297,391,000 126,254,000 42.45 2011 0.00 2011 272,986,000 159,817,000 58.54 2012 6,688,000 1,667,000 24.93 2012 316,754,000 130,063,000 41.06 2013 16,843,000 5,045,000 29.95 2013 285,252,000 169,097,000 59.28 Total Total 1,464,440,000 743,580,000 50.78 2013 Net Premiums Written: 21,432,000 2013 Net Premiums Written: 284,495,000 2013 Direct Written Premiums: 22,846,000 2013 Direct Written Premiums: 349,320,000

MORTGAGE 2009 0 0 0.00 2010 7,097,000 7,351,000 103.58 2011 43,580,000 34,236,000 78.56 2012 13,279,000 13,265,000 99.89 2013 2,196,000 1,408,000 64.12 Total 66,152,000 56,260,000 85.05 2013 Net Premiums Written: 2,196,000 2013 Direct Written Premiums:

CREDIT

ACCIDENT & SICKNESS

OTHER APPROVED PRODUCTS

2009 27,169,000 12,217,000 44.97 2010 25,257,000 6,605,000 26.15 2011 19,623,000 –2,611,000 –13.31 2012 21,772,000 4,936,000 22.67 2013 27,285,000 5,274,000 19.33 Total 121,106,000 26,421,000 21.82 2013 Net Premiums Written: 29,071,000 2013 Direct Written Premiums: 67,583,000

2009 913,578,000 522,486,000 57.19 2010 932,606,000 536,066,000 57.48 2011 594,959,000 258,176,000 43.39 2012 580,713,000 241,130,000 41.52 2013 617,451,000 279,405,000 45.25 Total 3,639,307,000 1,837,263,000 50.48 2013 Net Premiums Written: 611,620,000 2013 Direct Written Premiums: 656,143,000

2009 1,232,000 –1,114,000 –90.42 2010 133,000 5,000 3.76 2011 293,000 45,000 15.36 2012 345,000 –46,000 –13.33 2013 11,012,000 5,608,000 50.93 Total 13,015,000 4,498,000 34.56 2013 Net Premiums Written: 10,743,000 2013 Direct Written Premiums: 16,296,000

CREDIT PROTECTION

ALL CLASSES COMBINED

SURETY

2009 33,921,000 –13,424,000 –39.57 2010 32,457,000 4,407,000 13.58 2011 3,990,000 3,044,000 76.29 2012 7,133,000 5,371,000 75.30 2013 11,296,000 –75,000 –0.66 Total 88,797,000 –677,000 –0.76 2013 Net Premiums Written: 3,515,000 2013 Direct Written Premiums: 22,033,000

2009 38,095,226,000 26,519,047,000 69.61 2010 39,671,246,000 27,715,907,000 69.86 2011 40,399,689,000 27,746,074,000 68.68 2012 41,247,500,000 26,735,820,000 64.82 2013 42,613,203,000 29,218,541,000 68.57 Total 202,026,864,000 137,935,389,000 68.28 2013 Net Premiums Written: 43,302,094,000 2013 Direct Written Premiums: 45,249,089,000

2009 376,958,000 62,507,000 16.58 2010 431,522,000 138,932,000 32.20 2011 448,976,000 74,548,000 16.60 2012 471,313,000 122,269,000 25.94 2013 459,475,000 191,529,000 41.68 Total 2,188,244,000 589,785,000 26.95 2013 Net Premiums Written: 456,325,000 2013 Direct Written Premiums: 486,238,000

CANADIAN UNDERWRITER STATISTICAL ISSUE 2014

63


64

canadianunderwriter.ca CANADIAN UNDERWRITER STATISTICAL ISSUE 2014

Earned Loss General

SCOR Canada Reinsurance...................... 160,353,000 158,741,000 108,334,000 68.25

Swiss Reinsurance Group......................... 147,072,000 147,197,000

Farm Mutual Reinsurance Plan................. 135,476,000 138,787,000

Promutuel Reassurance............................ 132,747,000 126,776,000

Partner Reinsurance Company of the U.S. 90,214,000 95,884,000 57,327,000 59.79

Transatlantic Reinsurance......................... 84,998,000 89,051,000 73,589,000 82.64

3.

4.

5.

6.

7.

8.

General Reinsurance Corp........................ 44,358,000 46,069,000 23,181,000 50.32

Toa Reinsurance Co of America............... 43,956,000 44,356,000 36,923,000 83.24

Caisse Centrale De Reassurance.............. 39,467,000 42,949,000 32,406,000 75.45

Sirius America Insurance.......................... 15,925,000 15,732,000

MAPFRE Re Compania De Re, S.A.......... 15,271,000 15,355,000

Munich Reinsurance America, Inc............ 14,109,000 13,438,000

Aspen Insurance UK Limited..................... 12,053,000 11,854,000

Nipponkoa Insurance Co Ltd.................... 1,214,000 1,184,000

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

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

12.

13.

14.

15.

16.

17.

18.

19.

20.

21.

63,000

–297,000 –471.43

476,000 189.64

–11,000 –0.93

1,753,000 14.79

20,313,000 151.16

15,987,000 104.12

6,038,000

5,813,000

17,000

72,000

837,000

53,000

198,000

20,000

19,000

1,052,000

37,000

7,000

71,000

137,000

1,196,000

2,839,000

3,174,000

3,005,000

7,633,000

7,043,000

3,480,000

7,864,000

17,041,000

11,969,000

21,746,000

20,872,000

34,865,000

13,496,000

2,542,000

35,833,000

39,494,000

62,138,000

343,000

242,000

526,000

1,738,000

644,000

603,000

3,055,000

3,958,000

3,389,000

11,738,000

7,799,000

9,031,000

4,026,000

3,625,000

11,823,000

15,464,000

9,765,000

35,957,000

10,920,000

3,942,000

26,536,000

1,677,353,000 1,674,787,000 1,127,284,000 67.31 296,445,000 14,156,000 165,124,000

62,000

251,000

Everest Reinsurance Company................. 62,495,000 66,048,000 23,254,000 35.21

11.

548,000

XL Re America Inc – Cdn Branch.............. 67,217,000 65,044,000 40,839,000 62.79

10.

8,028,000 51.03

Odyssey Reinsurance Company............... 83,650,000 79,258,000

9.

81,003,000 102.20

79,839,000 62.98

82,204,000 59.23

73,288,000 49.79

Hannover Ruck SE.................................... 216,646,000 207,303,000 165,383,000 79.78

2.

TOTALS

Total Expense

Combined Loss & Exp.

Undrwtg. Profit Inv.

Return on

28.41

555.56

132.67

57.60

33.63

26.19

24.60

38.52

27.45

23.52

33.15

23.71

41.37

20.18

28.57

34.10

39.71

16.76

30.10

29.45

20.95

30.61

95.71

84.13

322.31

56.67

48.42

177.35

128.72

89.55

102.90

106.76

83.47

58.92

104.16

122.38

111.21

93.89

102.69

75.99

79.89

97.70

100.73

96.36

669,000

36,000

936,000

4,784,000

6,312,000

1,124,000

1,128,000

2,209,000

6,532,000

10,561,000

22,986,000

8,786,000

9,947,000

18,186,000

7,950,000

8,794,000

20,971,000

12,027,000

13,476,000

21,017,000

56,760,000

69,418,000 235,191,000

10,000

–558,000

513,000

5,038,000

–10,395,000

–4,409,000

1,644,000

–1,246,000

–2,999,000

5,495,000

27,131,000

–2,688,000

–17,740,000

–9,981,000

5,862,000

–3,409,000

34,145,000

29,597,000

3,654,000

–1,516,000

11,270,000

8.06

–19.59

3.68

7.55

–2.05

–0.07

4.65

1.25

3.47

7.39

10.21

3.29

–3.05

3.37

4.34

0.21

14.81

3.56

9.72

0.04

12.40

Written 100% Basis Expenses Ratio Commissions Taxes Expenses Ratio Ratio or Loss Income Equity $ $ $ % $ $ $ % % $ $ %

Net Claims & Adjusting

Munich Reinsurance Cda Group............... 309,522,000 309,447,000 203,465,000 65.75

Net Net Premiums Premiums Earned

1.

2013 REINSURANCE RESULTS


ToaRe

Stability The Toa Reinsurance Company of America 200 King Street West Suite: 1001, P.O. Box 41 Toronto, Ontario, Canada M5H 3T4 Phone: 416-366-5888 Fax: 416-366-7444

Web Site: www.toare.com Tokyo • Morristown • Irvine • Toronto • London • Graubünden • Hong Kong • Kuala Lumpur • Singapore • Taipei


66

canadianunderwriter.ca CANADIAN UNDERWRITER STATISTICAL ISSUE 2014

(Excludes A&S and Reinsurance Companies)

3. RSA Canada Group....................................... 1,198,733,000 54,873,000 3,008,000 50,006,000 23,886,000 191,266,000 366,758,000 14,288,000 15,180,000 161,627,000 312,741,000 2,778,000 1,248,000 1,074,000

4. Wawanesa Mutual Insurance........................ 959,864,000

5. Co–operators General Insurance Company.. 911,407,000 31,137,000

6. TD Insurance, General Insurance.................. 851,101,000 5,568,000 1,054,000 23,108,000 14,838,000 104,841,000 432,706,000 7,038,000 3,435,000 228,717,000 25,181,000 2,608,000 1,845,000 162,000

7. Desjardins General Insurance Group............ 763,444,000 1,689,000 761,000 9,598,000 4,346,000 577,331,000 139,580,000 6,028,000 1,297,000 17,686,000 4,677,000 135,000 281,000 35,000

8. Lloyd’s Underwriters..................................... 741,799,000 18,297,000 1,914,000 9,437,000 13,523,000 112,919,000 147,016,000 18,772,000 20,490,000 141,851,000 252,597,000 884,000 1,780,000 2,319,000

9. Economical Insurance................................... 686,501,000 5,540,000 2,111,000 24,776,000 19,718,000 66,361,000 306,932,000 8,977,000 3,402,000 80,019,000 168,664,000 1,000

516,000

825,000 4,397,000 5,445,000 61,332,000 93,007,000 11,852,000 12,211,000 161,597,000 72,266,000 1,321,000 –1,312,000 1,378,000

3,490,000 257,127,000 1,112,000

913,000 49,007,000 55,292,000 298,000 674,000 218,000

580,000 4,139,000 3,944,000 91,670,000 105,011,000 9,978,000 11,225,000 74,369,000 72,147,000 –315,000 4,067,000 1,086,000

8,000

2,981,000

5,000

10,457,000 14,199,000 216,083,000 18,183,000

–1,000

744,000 4,442,000 9,526,000 36,347,000 63,844,000 9,366,000 12,714,000 31,891,000 50,968,000 871,000 139,000 486,000

4,000

79,000

206,000

42,000 82,419,000

147,000

103,000

2,152,000 53,319,000

3,000

561,000

27. Affiliated FM Insurance.................................. 100,860,000

28. Allianz Global Risks US................................. 94,720,000

884,000

223,000 970,000 39,899,000 33,338,000 2,935,000 1,990,000

467,000 28,865,000 64,393,000 1,725,000

6,795,000 13,298,000

3,000

74,000

3,822,000 3,004,000

82,000 1,446,000 1,171,000 8,688,000 30,539,000 1,356,000 2,637,000 30,139,000 16,969,000 288,000 385,000 459,000

264,000

290,000 2,930,000 42,691,000

34. CNA Canada................................................. 73,333,000

407,000

70,000

(Continued On Page 68)

910,000 1,181,000 4,713,000 13,994,000 6,140,000 4,347,000 22,858,000 18,264,000 51,000 302,000

96,000

33. L’Unique Assurances Generales................... 78,476,000 78,476,000

32. Travelers Canada.......................................... 83,181,000 672,000 254,000 1,383,000 1,074,000 11,546,000 19,580,000 7,730,000 2,752,000 13,243,000 23,023,000 347,000 937,000 640,000

31. Industrielle Alliance Compagnie.................... 84,847,000 84,847,000

30. Optimum General Inc.................................... 86,107,000 21,950,000 13,470,000 4,776,000

29. SSQ, Societe D’Assurances Gen.................. 87,038,000 87,038,000

96,000 410,000

26. Guarantee Company Of North America........ 103,868,000

217,000 1,056,000

78,000 884,000 1,138,000 11,000,000 42,837,000 5,417,000 7,514,000 22,561,000 21,419,000 289,000 260,000 888,000 664,000 12,913,000 4,603,000 14,258,000 47,850,000 12,095,000 17,005,000 1,563,000

25. Portage La Prairie Mutual.............................. 112,051,000 1,100,000

24. ACE INA Insurance....................................... 115,156,000 871,000

23. Peace Hills General Insurance...................... 125,992,000 12,836,000 6,014,000 63,104,000 41,619,000 906,000 810,000 703,000

22. RBC General Insurance................................. 136,293,000 913,000 281,000 4,316,000 2,453,000 14,679,000 91,559,000 542,000 1,013,000 13,645,000 6,532,000 122,000 61,000 177,000

21. Gore Mutual Insurance Company................. 138,470,000

20. La Capitale Assurances Gen Inc................... 208,550,000 208,550,000

19. Factory Mutual Insurance Company............. 227,787,000 6,449,000

75,000

91,000 460,000 2,152,000 49,756,000 156,912,000 3,782,000 2,103,000 33,813,000 51,845,000 16,000 141,000 28,000 2,030,000 1,858,000

18. Allstate Insurance Co of Canada................... 258,028,000 9,449,000 13,149,000 37,485,000 166,997,000 30,949,000

17. SGI Canada Group........................................ 265,883,000

16. Chubb Insurance Co of Canada.................... 301,324,000 225,000

15. Ontario Mutual Insurance.............................. 336,490,000 336,490,000

14. Zurich Insurance Company Ltd..................... 383,525,000 5,624,000

13. The Dominion, Part Of Travelers Canada...... 408,184,000 9,661,000 4,915,000 17,775,000 7,702,000

12. Northbridge Financial Corporation................ 420,652,000 9,025,000 1,315,000 8,265,000 6,407,000 61,310,000 157,606,000 12,501,000 28,066,000 60,413,000 73,135,000 408,000 920,000 1,281,000

11. AIG Insurance Co Of Canada........................ 429,001,000 4,682,000

10. State Farm Insurance Company................... 461,314,000 16,383,000 400,287,000 44,644,000

6,033,000 29,196,000 23,309,000 42,946,000 324,310,000 31,327,000 62,939,000 236,235,000 117,504,000 2,693,000 3,262,000

1,361,000 21,056,000 28,497,000 24,974,000 158,729,000 101,513,000 118,499,000 299,684,000 203,218,000 2,333,000

2. Aviva Canada Inc.......................................... 1,294,754,000 26,789,000 3,583,000 40,533,000 32,001,000 187,757,000 509,246,000 70,560,000 39,867,000 181,047,000 192,311,000 2,793,000 8,251,000

16,000

1. Intact Financial Corporation.......................... 2,563,916,000 28,120,000 2,915,000 71,589,000 37,433,000 885,753,000 781,921,000 59,210,000 8,153,000 362,629,000 320,342,000 1,410,000 4,278,000 163,000

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

Company

By company – on a province by province basis

2013 DIRECT WRITTEN PROPERTY



68

canadianunderwriter.ca CANADIAN UNDERWRITER STATISTICAL ISSUE 2014

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

(Excludes A&S and Reinsurance Companies)

By company – on a province by province basis

2013 DIRECT WRITTEN PROPERTY

713,000

175,000 2,127,000 1,462,000

75,000 5,923,000

24,000 64,220,000 134,000

10,000

2,000 19,779,000 9,324,000 1,905,000 3,277,000 2,825,000

4,000 1,217,000 714,000 2,930,000 11,219,000 328,000 1,922,000 9,516,000 3,090,000 1,000 3,000

35,000 312,000

139,000

322,000 8,369,000 105,000 104,000 8,541,000 8,314,000 11,000 17,000

2,000

3,000 1,272,000 5,594,000 86,000 74,000 2,564,000 4,689,000 8,000 157,000

19,000

42,000 1,756,000 875,000 1,620,000 3,784,000 316,000

198,000 5,258,000 475,000 396,000 2,238,000 1,599,000 56,000 65,000

19,000

3,000 155,000

44,000 2,564,000 2,645,000 111,000

62,000

723,000 1,264,000 2,000

2,000

481,000 3,503,000

12,000

10,000 1,341,000 1,258,000 27,000

3,000 306,000 1,849,000 11,000 100,000 240,000 468,000

4,000 3,000

Totals............................................................ 15,992,744,000 217,120,000 51,683,000 376,013,000 294,053,000 3,201,124,000 5,597,515,000 574,703,000 673,425,000 2,593,984,000 2,351,769,000 20,484,000 28,619,000 12,252,000

70. Trisura Guarantee Insurance......................... 240,000 3,000 1,000 3,000 185,000 40,000 1,000

69. Federal Insurance Company......................... 383,000 12,000 18,000 319,000 2,000 9,000 10,000 13,000

68. Clare Mutual Insurance Company................. 2,521,000 2,521,000

67. Berkley Insurance Company......................... 2,535,000 11,000 19,000 13,000 758,000 993,000 28,000 13,000 134,000 565,000 1,000

66. Sompo Japan Insurance Inc......................... 2,984,000 2,000 5,000

65. The Mearie Group.......................................... 3,037,000 3,037,000

64. Fundy Mutual Insurance................................ 3,090,000 3,090,000

21,000

3,000 23,000 390,000 192,000 1,898,000 89,000 318,000 22,000 161,000 2,000

63. Boiler Inspection & Insurance Company....... 3,109,000 11,000

5,000

6,000

62. Mitsui Sumitomo Insurance........................... 6,664,000

61. Kings Mutual Insurance Company................ 6,685,000 6,000 6,676,000 3,000

60. Everest Insurance Co of Canada.................. 7,594,000

59. Old Republic Insurance Company................ 8,276,000 101,000 3,000 71,000 119,000 12,000 7,114,000 1,000 849,000 6,000

5,000

44,000 225,000

58. Hartford Fire Insurance................................. 8,417,000

57. Triton Insurance............................................. 10,741,000 187,000

56. Mennonite Mutual Fire Insurance.................. 14,440,000 14,440,000

55. Ontario School Board’s Insurance................ 14,566,000 14,566,000

54. Tokio Marine & Nichido Fire.......................... 14,738,000 148,000 33,000 110,000

53. PEI Mutual Insurance Company.................... 15,595,000 15,595,000

52. Unica Insurance............................................. 21,103,000 21,090,000 13,000

51. Omega General Insurance............................. 26,439,000 168,000

50. Echelon General Insurance........................... 28,142,000 102,000 12,000 640,000 591,000 5,795,000 3,799,000 256,000 380,000 4,446,000 12,096,000 8,000 17,000

49. CAA Insurance Company (Ontario).............. 31,892,000 129,000 788,000 899,000 29,686,000 390,000

48. XL Insurance.................................................. 31,912,000 968,000

47. Le Groupe Estrie–Richelieu........................... 37,949,000 37,949,000

46. Pembridge Insurance Company.................... 40,417,000 4,210,000 3,707,000 1,815,000 25,859,000 4,826,000

45. Cumis General Insurance.............................. 40,872,000 321,000 220,000 1,275,000 1,944,000

49,000 404,000 1,130,000 1,998,000 10,468,000 3,725,000 2,733,000 13,959,000 6,019,000 50,000 17,000 118,000

44. Arch Insurance (Canada)............................... 41,279,000 609,000

591,000 30,725,000 635,000 712,000 4,992,000 3,317,000 20,000 25,000

78,000 975,000

43. RBC Insurance Company Of Canada........... 42,207,000 127,000

42. Canadian Direct Insurance............................ 44,029,000 12,903,000 31,126,000

41. Saskatchewan Mutual Insurance.................. 44,161,000 5,017,000 27,943,000 11,201,000

40. North Waterloo Farmers Mutual.................... 44,865,000 44,865,000

39. Liberty Mutual Insurance............................... 47,598,000 845,000 127,000 167,000 619,000 7,750,000 11,481,000 1,150,000 2,754,000 16,041,000 6,507,000 1,000 30,000 126,000

23,000 2,281,000 2,335,000 5,912,000 39,190,000

939,000 10,182,000 6,055,000 12,940,000 9,613,000 14,146,000 65,000 31,000 108,000

38. Mutual Fire Insurance Co of BC.................... 49,741,000

37. Wynward Insurance Group............................ 58,556,000

36. Alberta Motor Association............................. 70,376,000

35. Red River Mutual........................................... 72,942,000 66,257,000 6,685,000

Company

(Continued From Page 66)


Underwriting Profit Producers – 2013 (Excluding A & S) 1.

Lloyd’s Underwriters...................................................................... 338,773,000

32.

Economical Insurance........................................................................ 6,086,000

2.

Aviva Canada Inc........................................................................... 204,569,000

33.

Partner Reinsurance Company of the U.S......................................... 5,862,000

3.

Desjardins General Insurance Group............................................. 163,597,000

34.

Trisura Guarantee Insurance.............................................................. 5,768,000

4.

Intact Financial Corporation........................................................... 135,928,000

35.

Hartford Fire Insurance...................................................................... 5,734,000

5.

Allstate Insurance Co of Canada..................................................... 93,977,000

36.

General Reinsurance Corp................................................................. 5,495,000

6.

Factory Mutual Insurance Company................................................ 92,549,000

37.

Federal Insurance Company.............................................................. 5,356,000

7.

Travelers Canada............................................................................. 82,420,000

38.

Ontario School Board’s Insurance..................................................... 5,297,000

8.

AIG Insurance Co Of Canada........................................................... 78,746,000

39.

SSQ, Societe D’Assurances Gen....................................................... 5,286,000

9.

Ontario Mutual Insurance................................................................. 46,795,000

40.

North Waterloo Farmers Mutual......................................................... 5,249,000

10.

State Farm Insurance Company...................................................... 42,066,000

41.

Aspen Insurance UK Limited.............................................................. 5,038,000

11.

Northbridge Financial Corporation................................................... 41,158,000

42.

CNA Canada...................................................................................... 4,310,000

12.

Farm Mutual Reinsurance Plan........................................................ 34,145,000

43.

Tokio Marine & Nichido Fire............................................................... 4,281,000

13.

Swiss Reinsurance Group................................................................ 29,597,000

44.

Pacific Coast Fishermen’s Mutual Marine......................................... 3,817,000

14.

Motors Insurance Corporation......................................................... 29,328,000

45.

Mutual Fire Insurance Co of BC......................................................... 3,750,000

15.

Triton Insurance............................................................................... 27,239,000

46.

SCOR Canada Reinsurance............................................................... 3,654,000

16.

Everest Reinsurance Company........................................................ 27,131,000

47.

Chicago Title...................................................................................... 3,288,000

17.

Stewart Title Guaranty Company..................................................... 22,343,000

48.

Canadian Direct Insurance................................................................. 2,916,000

18.

RBC Insurance Company Of Canada.............................................. 19,720,000

49.

Pembridge Insurance Company........................................................ 2,235,000

19.

CAA Insurance Company (Ontario)................................................. 18,892,000

50.

Western Financial Insurance.............................................................. 2,062,000

20.

Pafco Insurance Company............................................................... 18,250,000

51.

The Mearie Group.............................................................................. 1,822,000

21.

Boiler Inspection & Insurance Company.......................................... 17,330,000

52.

Sirius America Insurance................................................................... 1,644,000

22.

Co-operative Hail Ins Co Ltd............................................................ 15,731,000

53.

Wynward Insurance Group................................................................ 1,232,000

23. FCT................................................................................................... 14,998,000

54.

Sompo Japan Insurance Inc.............................................................. 1,231,000

24.

Cumis General Insurance................................................................. 13,685,000

55.

Mennonite Mutual Fire Insurance.......................................................... 815,000

25.

Munich Reinsurance Cda Group...................................................... 11,270,000

56.

Euler Hermes North America Insurance................................................ 603,000

26.

Zurich Insurance Company Ltd........................................................ 11,203,000

57.

Nipponkoa Insurance Co Ltd................................................................ 513,000

27.

RBC General Insurance...................................................................... 9,972,000

58.

Old Republic Insurance Company........................................................ 477,000

28.

Great American Insurance................................................................. 8,754,000

59.

Corepointe Insurance............................................................................ 301,000

29.

Liberty Mutual Insurance.................................................................... 8,153,000

60.

Security Ins Co of Hartford..................................................................... 13,000

30.

Gore Mutual Insurance Company...................................................... 7,301,000

61.

Alea (Bermuda) Ltd................................................................................. 10,000

31.

Optimum General Inc......................................................................... 6,888,000

Underwriting Loss Producers – 2013 (Excluding A & S)

1.

Western Surety Company...................................................................... -55,000

27.

Industrielle Alliance Compagnie........................................................ -3,719,000

2.

Clare Mutual Insurance Company........................................................ -151,000

28.

MAPFRE Re Compania De Re, S.A.................................................. -4,409,000

3.

Utica Mutual Insurance Co Ltd............................................................ -229,000

29.

Saskatchewan Mutual Insurance...................................................... -5,416,000

4.

American Road Insurance Company................................................... -242,000

30.

Lawyers’ Professional Indemnity...................................................... -8,422,000

5.

Omega General Insurance................................................................... -249,000

31.

Peace Hills General Insurance.......................................................... -9,274,000

6.

TIG Insurance....................................................................................... -356,000

32.

Everest Insurance Co of Canada...................................................... -9,498,000

7.

Antigonish Farmers’ Mutual................................................................. -410,000

33.

Transatlantic Reinsurance................................................................. -9,981,000

8.

Kings Mutual Insurance Company....................................................... -496,000

34.

Munich Reinsurance America, Inc.................................................. -10,395,000

9.

Legacy General Insurance................................................................... -513,000

35.

SGI Canada Group.......................................................................... -14,521,000

10.

Le Groupe Estrie-Richelieu.................................................................. -542,000

36.

Berkley Insurance Company........................................................... -15,603,000

11.

T.H.E. Insurance Company.................................................................. -558,000

37.

Odyssey Reinsurance Company..................................................... -17,740,000

12.

Fundy Mutual Insurance....................................................................... -742,000

38.

Portage La Prairie Mutual................................................................ -19,664,000

13.

Mitsui Sumitomo Insurance................................................................. -877,000

39.

La Capitale Assurances Gen Inc..................................................... -19,934,000

14.

Echelon General Insurance............................................................... -1,005,000

40.

ACE INA Insurance......................................................................... -24,730,000

15.

Caisse Centrale De Reassurance...................................................... -1,246,000

41.

Alberta Motor Association............................................................... -25,496,000

16.

Protective Insurance Company......................................................... -1,285,000

42.

RSA Canada Group......................................................................... -33,015,000

17.

Atradius Credit Insurance N.V........................................................... -1,349,000

43.

Affiliated FM Insurance................................................................... -33,983,000

18.

Hannover Ruck SE............................................................................ -1,516,000

44.

Guarantee Company Of North America.......................................... -35,951,000

19.

PEI Mutual Insurance Company........................................................ -2,039,000

45.

Allianz Global Risks US................................................................... -40,255,000

20.

L’Unique Assurances Generales....................................................... -2,134,000

46.

XL Insurance................................................................................... -40,556,000

21.

Associated Electric & Gas Insurance................................................ -2,646,000

47.

Arch Insurance (Canada)................................................................. -41,707,000

22.

XL Re America Inc - Cdn Branch...................................................... -2,688,000

48.

Chubb Insurance Co of Canada..................................................... -50,951,000

23.

Toa Reinsurance Co of America....................................................... -2,999,000

49.

Co-operators General Insurance Co............................................... -66,809,000

24.

Unica Insurance................................................................................ -3,084,000

50.

Wawanesa Mutual Insurance.......................................................... -92,814,000

25.

Red River Mutual............................................................................... -3,219,000

51.

The Dominion, Part Of Travelers Canada..................................... -125,853,000

26.

Promutuel Reassurance.................................................................... -3,409,000

52.

TD Insurance, General Insurance.................................................. -624,762,000

CANADIAN UNDERWRITER STATISTICAL ISSUE 2014 69


Leading Companies In The Provinces Direct Written Premiums – TOTAL BUSINESS – 2013 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................................... 178,797,000 Intact Financial Corporation..................... 100,271,000 Aviva Canada Inc....................................... 99,282,000 Co–operators General Insurance Co........ 72,639,000 Lloyd’s Underwriters................................. 35,652,000 The Dominion, Part Of Travelers Canada... 34,554,000 Northbridge Financial Corporation........... 24,728,000 Economical Insurance............................... 21,192,000 TD Insurance, General Insurance............. 20,326,000 AIG Insurance Co Of Canada.................... 19,185,000 Zurich Insurance Company Ltd................ 10,214,000 Liberty Mutual Insurance.......................... 8,094,000 Factory Mutual Insurance Company........ 7,751,000 Desjardins General Insurance Group....... 7,462,000 RBC General Insurance............................. 6,630,000 ACE INA Insurance................................... 4,285,000 Portage La Prairie Mutual......................... 3,482,000 Travelers Canada....................................... 2,904,000 Guarantee Company Of North America... 2,276,000 Allianz Global Risks US............................. 2,148,000 XL Insurance.............................................. 2,010,000 Chubb Insurance Co of Canada............... 1,973,000 Western Surety Company......................... 1,958,000 Triton Insurance......................................... 1,954,000 RBC Insurance Company Of Canada...... 1,810,000 CNA Canada.............................................. 1,586,000 Wynward Insurance Group....................... 1,055,000 Trisura Guarantee Insurance.................... 1,047,000 Arch Insurance (Canada)........................... 982,000 Cumis General Insurance.......................... 716,000

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

PEI Mutual Insurance Company............... 18,555,000 Co–operators General Insurance Co........ 17,672,000 The Dominion, Part Of Travelers Canada... 16,496,000 Aviva Canada Inc....................................... 16,044,000 Wawanesa Mutual Insurance.................... 10,404,000 SGI Canada Group.................................... 10,240,000 RSA Canada Group................................... 8,933,000 Intact Financial Corporation..................... 8,600,000 TD Insurance, General Insurance............. 7,053,000 Economical Insurance............................... 5,686,000 Northbridge Financial Corporation........... 4,323,000 Desjardins General Insurance Group....... 4,296,000 Lloyd’s Underwriters................................. 4,204,000 Portage La Prairie Mutual......................... 3,786,000 RBC General Insurance............................. 3,132,000 AIG Insurance Co Of Canada.................... 1,429,000 CAA Insurance Company (Ontario)......... 1,279,000 Guarantee Company Of North America... 1,024,000 RBC Insurance Company Of Canada...... 1,021,000 Factory Mutual Insurance Company........ 982,000 Travelers Canada....................................... 977,000 Zurich Insurance Company Ltd................ 958,000 Cumis General Insurance.......................... 924,000 Allianz Global Risks US............................. 886,000 Echelon General Insurance....................... 743,000 ACE INA Insurance................................... 477,000 Chubb Insurance Co of Canada............... 386,000 CNA Canada.............................................. 362,000 Stewart Title Guaranty Company............. 351,000 Wynward Insurance Group....................... 336,000

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

Intact Financial Corporation..................... 166,934,000 RSA Canada Group................................... 130,035,000 Aviva Canada Inc....................................... 120,961,000 TD Insurance, General Insurance............. 72,361,000 Wawanesa Mutual Insurance.................... 69,919,000 Co–operators General Insurance Co........ 65,064,000 Economical Insurance............................... 58,796,000 The Dominion, Part Of Travelers Canada... 46,634,000 Portage La Prairie Mutual......................... 41,329,000 Lloyd’s Underwriters................................. 34,522,000 Allstate Insurance Co of Canada.............. 33,119,000

Nova Scotia

70

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

Desjardins General Insurance Group....... 30,021,000 Northbridge Financial Corporation........... 25,347,000 Echelon General Insurance....................... 16,982,000 AIG Insurance Co Of Canada.................... 15,692,000 Pembridge Insurance Company............... 13,738,000 RBC General Insurance............................. 13,573,000 Zurich Insurance Company Ltd................ 11,433,000 Kings Mutual Insurance Company........... 7,896,000 SGI Canada Group.................................... 6,956,000 Guarantee Company Of North America... 6,342,000 RBC Insurance Company Of Canada...... 5,774,000 Factory Mutual Insurance Company........ 5,547,000 ACE INA Insurance................................... 5,367,000 Allianz Global Risks US............................. 4,609,000 Travelers Canada....................................... 4,219,000 CAA Insurance Company (Ontario)......... 3,782,000 XL Insurance.............................................. 3,769,000 Wynward Insurance Group....................... 3,153,000 Chubb Insurance Co of Canada............... 3,042,000

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

Wawanesa Mutual Insurance.................... 108,801,000 Aviva Canada Inc....................................... 96,129,000 Intact Financial Corporation..................... 93,873,000 RSA Canada Group................................... 66,639,000 Economical Insurance............................... 60,086,000 Co–operators General Insurance Co........ 57,138,000 Allstate Insurance Co of Canada.............. 51,754,000 TD Insurance, General Insurance............. 50,320,000 State Farm Insurance Company............... 46,888,000 Lloyd’s Underwriters................................. 34,672,000 Northbridge Financial Corporation........... 21,361,000 The Dominion, Part Of Travelers Canada... 20,605,000 AIG Insurance Co Of Canada.................... 19,005,000 Liberty Mutual Insurance.......................... 16,351,000 Pembridge Insurance Company............... 16,161,000 Desjardins General Insurance Group....... 15,840,000 Portage La Prairie Mutual......................... 12,691,000 Factory Mutual Insurance Company........ 12,277,000 Zurich Insurance Company Ltd................ 10,949,000 SGI Canada Group.................................... 10,180,000 RBC General Insurance............................. 9,746,000 ACE INA Insurance................................... 7,259,000 Cumis General Insurance.......................... 4,653,000 CAA Insurance Company (Ontario)......... 4,397,000 Chubb Insurance Co of Canada............... 3,884,000 Guarantee Company Of North America... 3,711,000 Fundy Mutual Insurance............................ 3,464,000 RBC Insurance Company Of Canada...... 3,360,000 XL Insurance.............................................. 2,825,000 Travelers Canada....................................... 2,728,000

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

Intact Financial Corporation..................... 2,056,281,000 Desjardins General Insurance Group....... 1,151,134,000 La Capitale Assurances Gen Inc.............. 544,943,000 Aviva Canada Inc....................................... 478,902,000 RSA Canada Group................................... 407,303,000 Lloyd’s Underwriters................................. 307,511,000 Industrielle Alliance Compagnie............... 232,155,000 SSQ, Societe D’Assurances Gen.............. 208,224,000 TD Insurance, General Insurance............. 197,908,000 Northbridge Financial Corporation........... 171,435,000 Zurich Insurance Company Ltd................ 170,860,000 L’Unique Assurances Generales.............. 163,314,000 AIG Insurance Co Of Canada.................... 146,020,000 Economical Insurance............................... 121,121,000 Chubb Insurance Co of Canada............... 99,918,000 Allstate Insurance Co of Canada.............. 99,578,000 Co–operators General Insurance Co........ 76,742,000 Wawanesa Mutual Insurance.................... 64,205,000 Guarantee Company Of North America... 52,308,000 Factory Mutual Insurance Company........ 45,279,000 Le Groupe Estrie–Richelieu....................... 44,165,000 Affiliated FM Insurance............................. 43,823,000 Allianz Global Risks US............................. 43,750,000 Travelers Canada....................................... 41,208,000

Québec

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

ACE INA Insurance................................... 39,993,000 CNA Canada.............................................. 39,340,000 Liberty Mutual Insurance.......................... 37,054,000 RBC General Insurance............................. 33,072,000 Optimum General Inc................................ 30,162,000 RBC Insurance Company Of Canada...... 28,959,000

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

Intact Financial Corporation..................... 3,100,899,000 Aviva Canada Inc....................................... 1,991,757,000 TD Insurance, General Insurance............. 1,787,521,000 State Farm Insurance Company............... 1,563,622,000 RSA Canada Group................................... 1,293,109,000 Economical Insurance............................... 1,093,827,000 Co–operators General Insurance Co........ 1,010,229,000 The Dominion, Part Of Travelers Canada... 970,079,000 Allstate Insurance Co of Canada.............. 865,099,000 Desjardins General Insurance Group....... 806,624,000 Ontario Mutual Insurance.......................... 667,108,000 Wawanesa Mutual Insurance.................... 626,716,000 Lloyd’s Underwriters................................. 598,321,000 Northbridge Financial Corporation........... 533,203,000 RBC General Insurance............................. 441,366,000 Zurich Insurance Company Ltd................ 369,748,000 Chubb Insurance Co of Canada............... 348,125,000 AIG Insurance Co Of Canada.................... 336,994,000 Gore Mutual Insurance Company............. 279,958,000 Guarantee Company Of North America... 227,851,000 RBC Insurance Company Of Canada...... 219,310,000 CAA Insurance Company (Ontario)......... 195,988,000 Pembridge Insurance Company............... 167,057,000 ACE INA Insurance................................... 150,014,000 Travelers Canada....................................... 118,831,000 Lawyers’ Professional Indemnity.............. 113,266,000 CNA Canada.............................................. 109,931,000 Echelon General Insurance....................... 102,408,000 Unica Insurance......................................... 101,367,000 Allianz Global Risks US............................. 94,290,000

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.................... 105,424,000 Aviva Canada Inc....................................... 89,551,000 Intact Financial Corporation..................... 74,404,000 Red River Mutual....................................... 70,240,000 Portage La Prairie Mutual......................... 50,214,000 Lloyd’s Underwriters................................. 44,984,000 Co–operators General Insurance Co........ 39,058,000 RSA Canada Group................................... 31,469,000 Northbridge Financial Corporation........... 22,047,000 AIG Insurance Co Of Canada.................... 21,256,000 SGI Canada Group.................................... 17,101,000 Travelers Canada....................................... 17,024,000 Zurich Insurance Company Ltd................ 15,889,000 CNA Canada.............................................. 14,003,000 ACE INA Insurance................................... 13,063,000 Peace Hills General Insurance.................. 12,836,000 Cumis General Insurance.......................... 11,663,000 Factory Mutual Insurance Company........ 10,832,000 Economical Insurance............................... 10,601,000 RBC Insurance Company Of Canada...... 8,875,000 Chubb Insurance Co of Canada............... 8,605,000 Wynward Insurance Group....................... 8,153,000 Allianz Global Risks US............................. 7,547,000 Saskatchewan Mutual Insurance............. 7,336,000 TD Insurance, General Insurance............. 7,038,000 Desjardins General Insurance Group....... 6,082,000 Optimum General Inc................................ 5,954,000 Alberta Motor Association........................ 5,923,000 Guarantee Company Of North America... 5,597,000 Co–operative Hail Ins Co Ltd.................... 5,201,000

1. 2. 3. 4.

SGI Canada Group.................................... 398,109,000 Wawanesa Mutual Insurance.................... 123,152,000 Co–operators General Insurance Co........ 78,302,000 Aviva Canada Inc....................................... 60,423,000

Ontario

Manitoba

Saskatchewan

canadianunderwriter.ca CANADIAN UNDERWRITER STATISTICAL ISSUE 2014


Leading Companies In The Provinces Direct Written Premiums – TOTAL BUSINESS – 2013 5. 6. 7. 8. 9. 10. 11. 12. 13. 14. 15. 16. 17. 18. 19. 20. 21. 22. 23. 24. 25. 26. 27. 28. 29. 30.

Co–operative Hail Ins Co Ltd.................... 49,481,000 Lloyd’s Underwriters................................. 46,814,000 Northbridge Financial Corporation........... 44,155,000 Saskatchewan Mutual Insurance............. 39,853,000 RSA Canada Group................................... 23,739,000 AIG Insurance Co Of Canada.................... 21,367,000 Zurich Insurance Company Ltd................ 18,812,000 Factory Mutual Insurance Company........ 18,462,000 ACE INA Insurance................................... 16,938,000 Mennonite Mutual Fire Insurance............. 16,269,000 Wynward Insurance Group....................... 15,780,000 Intact Financial Corporation..................... 14,908,000 Portage La Prairie Mutual......................... 13,731,000 CNA Canada.............................................. 9,129,000 Travelers Canada....................................... 8,515,000 Allianz Global Risks US............................. 7,890,000 Red River Mutual....................................... 7,191,000 Peace Hills General Insurance.................. 6,014,000 Chubb Insurance Co of Canada............... 5,915,000 Western Surety Company......................... 4,903,000 RBC Insurance Company Of Canada...... 4,696,000 Liberty Mutual Insurance.......................... 4,523,000 XL Insurance.............................................. 4,238,000 Arch Insurance (Canada)........................... 3,850,000 Cumis General Insurance.......................... 3,762,000 Economical Insurance............................... 3,545,000

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

Intact Financial Corporation..................... 1,229,434,000 Wawanesa Mutual Insurance.................... 821,753,000 TD Insurance, General Insurance............. 721,064,000 Co–operators General Insurance Co........ 593,825,000 Aviva Canada Inc....................................... 515,232,000 RSA Canada Group................................... 458,825,000 Lloyd’s Underwriters................................. 389,183,000 AIG Insurance Co Of Canada.................... 304,822,000 Alberta Motor Association........................ 286,649,000 Economical Insurance............................... 245,788,000 Zurich Insurance Company Ltd................ 189,383,000 Northbridge Financial Corporation........... 188,129,000 State Farm Insurance Company............... 176,702,000 The Dominion, Part Of Travelers Canada... 140,206,000 Peace Hills General Insurance.................. 127,246,000 Allstate Insurance Co of Canada.............. 106,436,000 Chubb Insurance Co of Canada............... 84,731,000 Desjardins General Insurance Group....... 82,400,000 Canadian Direct Insurance........................ 64,837,000 SGI Canada Group.................................... 62,843,000 ACE INA Insurance................................... 59,549,000 Travelers Canada....................................... 57,289,000 CNA Canada.............................................. 57,021,000 Allianz Global Risks US............................. 56,652,000 RBC General Insurance............................. 54,763,000 Liberty Mutual Insurance.......................... 53,232,000 Factory Mutual Insurance Company........ 43,876,000 RBC Insurance Company Of Canada...... 41,631,000 Portage La Prairie Mutual......................... 40,685,000 XL Insurance.............................................. 23,227,000

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

Lloyd’s Underwriters................................. 474,645,000 Intact Financial Corporation..................... 441,527,000 RSA Canada Group................................... 438,471,000 Economical Insurance............................... 286,016,000 Aviva Canada Inc....................................... 241,269,000 Wawanesa Mutual Insurance.................... 213,566,000 Co–operators General Insurance Co........ 148,225,000 Northbridge Financial Corporation........... 132,614,000 AIG Insurance Co Of Canada.................... 122,133,000 Zurich Insurance Company Ltd................ 112,252,000 Chubb Insurance Co of Canada............... 84,064,000 Canadian Direct Insurance........................ 75,625,000 The Dominion, Part Of Travelers Canada... 62,571,000 Factory Mutual Insurance Company........ 61,786,000 Gore Mutual Insurance Company............. 61,761,000 Optimum General Inc................................ 49,530,000 CNA Canada.............................................. 48,883,000

Alberta

British Columbia

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

Travelers Canada....................................... 48,223,000 Mutual Fire Insurance Co of BC............... 42,948,000 Peace Hills General Insurance.................. 41,619,000 Allianz Global Risks US............................. 39,862,000 ACE INA Insurance................................... 38,412,000 RBC Insurance Company Of Canada...... 31,603,000 TD Insurance, General Insurance............. 25,181,000 Liberty Mutual Insurance.......................... 19,967,000 Wynward Insurance Group....................... 16,823,000 Echelon General Insurance....................... 16,426,000 Guarantee Company Of North America... 14,043,000 Trisura Guarantee Insurance.................... 14,012,000 Affiliated FM Insurance............................. 13,846,000

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.

TD Insurance, General Insurance............. 9,801,000 Aviva Canada Inc....................................... 7,199,000 Wawanesa Mutual Insurance.................... 6,843,000 Co–operators General Insurance Co........ 6,579,000 RSA Canada Group................................... 6,387,000 Intact Financial Corporation..................... 4,673,000 Lloyd’s Underwriters................................. 4,267,000 AIG Insurance Co Of Canada.................... 2,441,000 Peace Hills General Insurance.................. 1,881,000 Travelers Canada....................................... 1,275,000 Factory Mutual Insurance Company........ 1,066,000 Allianz Global Risks US............................. 1,026,000 Northbridge Financial Corporation........... 1,025,000 The Dominion, Part Of Travelers Canada... 886,000 Desjardins General Insurance Group....... 641,000 ACE INA Insurance................................... 624,000 RBC General Insurance............................. 365,000 XL Insurance.............................................. 318,000 RBC Insurance Company Of Canada...... 253,000 CNA Canada.............................................. 211,000 Triton Insurance......................................... 192,000 Trisura Guarantee Insurance.................... 171,000 Chubb Insurance Co of Canada............... 165,000 Zurich Insurance Company Ltd................ 163,000 Liberty Mutual Insurance.......................... 159,000 Economical Insurance............................... 145,000 State Farm Insurance Company............... 128,000 Arch Insurance (Canada)........................... 106,000 Wynward Insurance Group....................... 89,000 Mitsui Sumitomo Insurance...................... 69,000

Yukon Territory

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................................. 5,123,000 RSA Canada Group................................... 2,807,000 AIG Insurance Co Of Canada.................... 1,725,000 Travelers Canada....................................... 1,502,000 Northbridge Financial Corporation........... 1,458,000 Intact Financial Corporation..................... 1,357,000 Zurich Insurance Company Ltd................ 1,311,000 Allianz Global Risks US............................. 1,122,000 ACE INA Insurance................................... 988,000 Peace Hills General Insurance.................. 820,000 Aviva Canada Inc....................................... 678,000 Co–operators General Insurance Co........ 666,000 TD Insurance, General Insurance............. 615,000 Factory Mutual Insurance Company........ 615,000 The Dominion, Part Of Travelers Canada... 469,000 RBC General Insurance............................. 328,000 CNA Canada.............................................. 288,000 XL Insurance.............................................. 230,000 Liberty Mutual Insurance.......................... 214,000 Tokio Marine & Nichido Fire...................... 157,000 Desjardins General Insurance Group....... 150,000 Arch Insurance (Canada)........................... 139,000 Economical Insurance............................... 112,000 Wynward Insurance Group....................... 112,000 Wawanesa Mutual Insurance.................... 107,000 State Farm Insurance Company............... 101,000 Chubb Insurance Co of Canada............... 66,000 Allstate Insurance Co of Canada.............. 55,000 RBC Insurance Company Of Canada...... 53,000 Boiler Inspection & Insurance Company.. 35,000

Notes:

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

CANADIAN UNDERWRITER STATISTICAL ISSUE 2014

Aviva Canada Inc....................................... 14,875,000 Intact Financial Corporation..................... 12,333,000 Lloyd’s Underwriters................................. 6,985,000 TD Insurance, General Insurance............. 6,801,000 Co–operators General Insurance Co........ 6,162,000 Zurich Insurance Company Ltd................ 4,487,000 RSA Canada Group................................... 3,786,000 Northbridge Financial Corporation........... 2,124,000 Travelers Canada....................................... 1,944,000 Desjardins General Insurance Group....... 1,388,000 The Dominion, Part Of Travelers Canada... 1,334,000 Peace Hills General Insurance.................. 1,324,000 Allianz Global Risks US............................. 1,296,000 AIG Insurance Co Of Canada.................... 925,000 XL Insurance.............................................. 847,000 CNA Canada.............................................. 705,000 Chubb Insurance Co of Canada............... 686,000 Guarantee Company Of North America... 599,000 ACE INA Insurance................................... 504,000 Wawanesa Mutual Insurance.................... 385,000 Economical Insurance............................... 350,000 State Farm Insurance Company............... 345,000 RBC Insurance Company Of Canada...... 317,000 RBC General Insurance............................. 284,000 Allstate Insurance Co of Canada.............. 210,000 Liberty Mutual Insurance.......................... 197,000 Triton Insurance......................................... 195,000 Factory Mutual Insurance Company........ 149,000 Mitsui Sumitomo Insurance...................... 148,000 Trisura Guarantee Insurance.................... 147,000 71


Leading Companies In The Provinces Direct Written Premiums – PROPERTY – 2013 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................................... 54,873,000 Co–operators General Insurance Co........ 31,137,000 Intact Financial Corporation..................... 28,120,000 Aviva Canada Inc....................................... 26,789,000 Lloyd’s Underwriters................................. 18,297,000 The Dominion, Part Of Travelers Canada... 9,661,000 Northbridge Financial Corporation........... 9,025,000 Factory Mutual Insurance Company........ 6,449,000 Zurich Insurance Company Ltd................ 5,624,000 TD Insurance, General Insurance............. 5,568,000 Economical Insurance............................... 5,540,000 AIG Insurance Co Of Canada.................... 4,682,000 Desjardins General Insurance Group....... 1,689,000 Portage La Prairie Mutual......................... 1,100,000 XL Insurance.............................................. 968,000 RBC General Insurance............................. 913,000 ACE INA Insurance................................... 871,000 Liberty Mutual Insurance.......................... 845,000 Wynward Insurance Group....................... 713,000 Travelers Canada....................................... 672,000 Arch Insurance (Canada)........................... 609,000 Allianz Global Risks US............................. 561,000 Affiliated FM Insurance............................. 410,000 CNA Canada.............................................. 407,000 Cumis General Insurance.......................... 321,000 Chubb Insurance Co of Canada............... 225,000 Triton Insurance......................................... 187,000 Omega General Insurance........................ 168,000 Tokio Marine & Nichido Fire...................... 148,000 RBC Insurance Company Of Canada...... 127,000

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

PEI Mutual Insurance Company............... 15,595,000 Co–operators General Insurance Co........ 6,033,000 The Dominion, Part Of Travelers Canada... 4,915,000 Aviva Canada Inc....................................... 3,583,000 RSA Canada Group................................... 3,008,000 Intact Financial Corporation..................... 2,915,000 Economical Insurance............................... 2,111,000 SGI Canada Group.................................... 2,030,000 Lloyd’s Underwriters................................. 1,914,000 Wawanesa Mutual Insurance.................... 1,361,000 Northbridge Financial Corporation........... 1,315,000 TD Insurance, General Insurance............. 1,054,000 AIG Insurance Co Of Canada.................... 825,000 Desjardins General Insurance Group....... 761,000 Factory Mutual Insurance Company........ 744,000 Portage La Prairie Mutual......................... 664,000 Zurich Insurance Company Ltd................ 580,000 RBC General Insurance............................. 281,000 Affiliated FM Insurance............................. 264,000 Travelers Canada....................................... 254,000 Cumis General Insurance.......................... 220,000 Guarantee Company Of North America... 217,000 Wynward Insurance Group....................... 175,000 CAA Insurance Company (Ontario)......... 129,000 Liberty Mutual Insurance.......................... 127,000 Chubb Insurance Co of Canada............... 91,000 Allianz Global Risks US............................. 82,000 ACE INA Insurance................................... 78,000 RBC Insurance Company Of Canada...... 78,000 CNA Canada.............................................. 70,000

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

Intact Financial Corporation..................... 71,589,000 RSA Canada Group................................... 50,006,000 Aviva Canada Inc....................................... 40,533,000 Co–operators General Insurance Co........ 29,196,000 Economical Insurance............................... 24,776,000 TD Insurance, General Insurance............. 23,108,000 Wawanesa Mutual Insurance.................... 21,056,000 The Dominion, Part Of Travelers Canada... 17,775,000 Portage La Prairie Mutual......................... 12,913,000 Desjardins General Insurance Group....... 9,598,000 Allstate Insurance Co of Canada.............. 9,449,000

Nova Scotia

72

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

Lloyd’s Underwriters................................. 9,437,000 Northbridge Financial Corporation........... 8,265,000 Kings Mutual Insurance Company........... 6,676,000 Factory Mutual Insurance Company........ 4,442,000 AIG Insurance Co Of Canada.................... 4,397,000 RBC General Insurance............................. 4,316,000 Pembridge Insurance Company............... 4,210,000 Zurich Insurance Company Ltd................ 4,139,000 Clare Mutual Insurance Company............ 2,521,000 Wynward Insurance Group....................... 2,127,000 SGI Canada Group.................................... 1,858,000 Allianz Global Risks US............................. 1,446,000 Travelers Canada....................................... 1,383,000 Cumis General Insurance.......................... 1,275,000 XL Insurance.............................................. 1,217,000 Guarantee Company Of North America... 1,056,000 RBC Insurance Company Of Canada...... 975,000 CNA Canada.............................................. 910,000 ACE INA Insurance................................... 884,000

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

Intact Financial Corporation..................... 37,433,000 Aviva Canada Inc....................................... 32,001,000 Wawanesa Mutual Insurance.................... 28,497,000 RSA Canada Group................................... 23,886,000 Co–operators General Insurance Co........ 23,309,000 Economical Insurance............................... 19,718,000 State Farm Insurance Company............... 16,383,000 TD Insurance, General Insurance............. 14,838,000 Lloyd’s Underwriters................................. 13,523,000 Allstate Insurance Co of Canada.............. 13,149,000 Factory Mutual Insurance Company........ 9,526,000 The Dominion, Part Of Travelers Canada... 7,702,000 Northbridge Financial Corporation........... 6,407,000 AIG Insurance Co Of Canada.................... 5,445,000 Portage La Prairie Mutual......................... 4,603,000 Desjardins General Insurance Group....... 4,346,000 Zurich Insurance Company Ltd................ 3,944,000 Pembridge Insurance Company............... 3,707,000 Fundy Mutual Insurance............................ 3,090,000 SGI Canada Group.................................... 2,981,000 RBC General Insurance............................. 2,453,000 Chubb Insurance Co of Canada............... 2,152,000 Cumis General Insurance.......................... 1,944,000 Wynward Insurance Group....................... 1,462,000 CNA Canada.............................................. 1,181,000 Allianz Global Risks US............................. 1,171,000 ACE INA Insurance................................... 1,138,000 Arch Insurance (Canada)........................... 1,130,000 Travelers Canada....................................... 1,074,000 Affiliated FM Insurance............................. 970,000

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

Intact Financial Corporation..................... 885,753,000 Desjardins General Insurance Group....... 577,331,000 La Capitale Assurances Gen Inc.............. 208,550,000 RSA Canada Group................................... 191,266,000 Aviva Canada Inc....................................... 187,757,000 Lloyd’s Underwriters................................. 112,919,000 TD Insurance, General Insurance............. 104,841,000 Zurich Insurance Company Ltd................ 91,670,000 SSQ, Societe D’Assurances Gen.............. 87,038,000 Industrielle Alliance Compagnie............... 84,847,000 L’Unique Assurances Generales.............. 78,476,000 Economical Insurance............................... 66,361,000 AIG Insurance Co Of Canada.................... 61,332,000 Northbridge Financial Corporation........... 61,310,000 Chubb Insurance Co of Canada............... 49,756,000 Co–operators General Insurance Co........ 42,946,000 Affiliated FM Insurance............................. 39,899,000 Le Groupe Estrie–Richelieu....................... 37,949,000 Allstate Insurance Co of Canada.............. 37,485,000 Factory Mutual Insurance Company........ 36,347,000 Guarantee Company Of North America... 28,865,000 Wawanesa Mutual Insurance.................... 24,974,000 Optimum General Inc................................ 21,950,000 RBC General Insurance............................. 14,679,000

New Brunswick

Québec

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

Travelers Canada....................................... 11,546,000 ACE INA Insurance................................... 11,000,000 Allianz Global Risks US............................. 8,688,000 Liberty Mutual Insurance.......................... 7,750,000 Echelon General Insurance....................... 5,795,000 CNA Canada.............................................. 4,713,000

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

Intact Financial Corporation..................... 781,921,000 Aviva Canada Inc....................................... 509,246,000 TD Insurance, General Insurance............. 432,706,000 State Farm Insurance Company............... 400,287,000 RSA Canada Group................................... 366,758,000 Ontario Mutual Insurance.......................... 336,490,000 Co–operators General Insurance Co........ 324,310,000 Economical Insurance............................... 306,932,000 The Dominion, Part Of Travelers Canada... 257,127,000 Allstate Insurance Co of Canada.............. 166,997,000 Wawanesa Mutual Insurance.................... 158,729,000 Northbridge Financial Corporation........... 157,606,000 Chubb Insurance Co of Canada............... 156,912,000 Lloyd’s Underwriters................................. 147,016,000 Desjardins General Insurance Group....... 139,580,000 Zurich Insurance Company Ltd................ 105,011,000 AIG Insurance Co Of Canada.................... 93,007,000 RBC General Insurance............................. 91,559,000 Gore Mutual Insurance Company............. 82,419,000 Guarantee Company Of North America... 64,393,000 Factory Mutual Insurance Company........ 63,844,000 North Waterloo Farmers Mutual............... 44,865,000 ACE INA Insurance................................... 42,837,000 Affiliated FM Insurance............................. 33,338,000 RBC Insurance Company Of Canada...... 30,725,000 Allianz Global Risks US............................. 30,539,000 CAA Insurance Company (Ontario)......... 29,686,000 Pembridge Insurance Company............... 25,859,000 Unica Insurance......................................... 21,090,000 Cumis General Insurance.......................... 19,779,000

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.................... 101,513,000 Aviva Canada Inc....................................... 70,560,000 Red River Mutual....................................... 66,257,000 Intact Financial Corporation..................... 59,210,000 Portage La Prairie Mutual......................... 47,850,000 Co–operators General Insurance Co........ 31,327,000 Lloyd’s Underwriters................................. 18,772,000 RSA Canada Group................................... 14,288,000 SGI Canada Group.................................... 14,199,000 Peace Hills General Insurance.................. 12,836,000 Northbridge Financial Corporation........... 12,501,000 AIG Insurance Co Of Canada.................... 11,852,000 Zurich Insurance Company Ltd................ 9,978,000 Factory Mutual Insurance Company........ 9,366,000 Cumis General Insurance.......................... 9,324,000 Economical Insurance............................... 8,977,000 Travelers Canada....................................... 7,730,000 TD Insurance, General Insurance............. 7,038,000 CNA Canada.............................................. 6,140,000 Wynward Insurance Group....................... 6,055,000 Desjardins General Insurance Group....... 6,028,000 Alberta Motor Association........................ 5,923,000 ACE INA Insurance................................... 5,417,000 Saskatchewan Mutual Insurance............. 5,017,000 Optimum General Inc................................ 4,776,000 Chubb Insurance Co of Canada............... 3,782,000 Arch Insurance (Canada)........................... 3,725,000 Affiliated FM Insurance............................. 2,935,000 Mutual Fire Insurance Co of BC............... 2,281,000 Guarantee Company Of North America... 1,725,000

1. 2. 3. 4.

SGI Canada Group.................................... 216,083,000 Wawanesa Mutual Insurance.................... 118,499,000 Co–operators General Insurance Co........ 62,939,000 Aviva Canada Inc....................................... 39,867,000

Ontario

Manitoba

Saskatchewan

canadianunderwriter.ca CANADIAN UNDERWRITER STATISTICAL ISSUE 2014


Leading Companies In The Provinces Direct Written Premiums – PROPERTY – 2013 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.

Northbridge Financial Corporation........... 28,066,000 Saskatchewan Mutual Insurance............. 27,943,000 Lloyd’s Underwriters................................. 20,490,000 RSA Canada Group................................... 15,180,000 Mennonite Mutual Fire Insurance............. 14,440,000 Wynward Insurance Group....................... 12,940,000 Factory Mutual Insurance Company........ 12,714,000 AIG Insurance Co Of Canada.................... 12,211,000 Portage La Prairie Mutual......................... 12,095,000 Zurich Insurance Company Ltd................ 11,225,000 Intact Financial Corporation..................... 8,153,000 ACE INA Insurance................................... 7,514,000 Red River Mutual....................................... 6,685,000 Peace Hills General Insurance.................. 6,014,000 CNA Canada.............................................. 4,347,000 TD Insurance, General Insurance............. 3,435,000 Economical Insurance............................... 3,402,000 Liberty Mutual Insurance.......................... 2,754,000 Travelers Canada....................................... 2,752,000 Arch Insurance (Canada)........................... 2,733,000 Allianz Global Risks US............................. 2,637,000 Mutual Fire Insurance Co of BC............... 2,335,000 Chubb Insurance Co of Canada............... 2,103,000 Affiliated FM Insurance............................. 1,990,000 XL Insurance.............................................. 1,922,000 Cumis General Insurance.......................... 1,905,000

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

Intact Financial Corporation..................... 362,629,000 Wawanesa Mutual Insurance.................... 299,684,000 Co–operators General Insurance Co........ 236,235,000 TD Insurance, General Insurance............. 228,717,000 Aviva Canada Inc....................................... 181,047,000 RSA Canada Group................................... 161,627,000 AIG Insurance Co Of Canada.................... 161,597,000 Lloyd’s Underwriters................................. 141,851,000 Economical Insurance............................... 80,019,000 Zurich Insurance Company Ltd................ 74,369,000 Alberta Motor Association........................ 64,220,000 Peace Hills General Insurance.................. 63,104,000 Northbridge Financial Corporation........... 60,413,000 The Dominion, Part Of Travelers Canada... 49,007,000 State Farm Insurance Company............... 44,644,000 Chubb Insurance Co of Canada............... 33,813,000 Factory Mutual Insurance Company........ 31,891,000 Allstate Insurance Co of Canada.............. 30,949,000 Allianz Global Risks US............................. 30,139,000 CNA Canada.............................................. 22,858,000 ACE INA Insurance................................... 22,561,000 SGI Canada Group.................................... 18,183,000 Desjardins General Insurance Group....... 17,686,000 Portage La Prairie Mutual......................... 17,005,000 Liberty Mutual Insurance.......................... 16,041,000 Arch Insurance (Canada)........................... 13,959,000 RBC General Insurance............................. 13,645,000 Travelers Canada....................................... 13,243,000 Canadian Direct Insurance........................ 12,903,000 Saskatchewan Mutual Insurance............. 11,201,000

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

Intact Financial Corporation..................... 320,342,000 RSA Canada Group................................... 312,741,000 Lloyd’s Underwriters................................. 252,597,000 Wawanesa Mutual Insurance.................... 203,218,000 Aviva Canada Inc....................................... 192,311,000 Economical Insurance............................... 168,664,000 Co–operators General Insurance Co........ 117,504,000 Northbridge Financial Corporation........... 73,135,000 AIG Insurance Co Of Canada.................... 72,266,000 Zurich Insurance Company Ltd................ 72,147,000 The Dominion, Part Of Travelers Canada... 55,292,000 Gore Mutual Insurance Company............. 53,319,000 Chubb Insurance Co of Canada............... 51,845,000 Factory Mutual Insurance Company........ 50,968,000 Optimum General Inc................................ 42,691,000 Peace Hills General Insurance.................. 41,619,000 Mutual Fire Insurance Co of BC............... 39,190,000

Alberta

British Columbia

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

Canadian Direct Insurance........................ 31,126,000 TD Insurance, General Insurance............. 25,181,000 Travelers Canada....................................... 23,023,000 ACE INA Insurance................................... 21,419,000 CNA Canada.............................................. 18,264,000 Allianz Global Risks US............................. 16,969,000 Wynward Insurance Group....................... 14,146,000 Affiliated FM Insurance............................. 13,298,000 Echelon General Insurance....................... 12,096,000 Omega General Insurance........................ 8,314,000 RBC General Insurance............................. 6,532,000 Liberty Mutual Insurance.......................... 6,507,000 Arch Insurance (Canada)........................... 6,019,000

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....................................... 2,793,000 RSA Canada Group................................... 2,778,000 Co–operators General Insurance Co........ 2,693,000 TD Insurance, General Insurance............. 2,608,000 Wawanesa Mutual Insurance.................... 2,333,000 Intact Financial Corporation..................... 1,410,000 AIG Insurance Co Of Canada.................... 1,321,000 Peace Hills General Insurance.................. 906,000 Lloyd’s Underwriters................................. 884,000 Factory Mutual Insurance Company........ 871,000 Northbridge Financial Corporation........... 408,000 Travelers Canada....................................... 347,000 The Dominion, Part Of Travelers Canada... 298,000 ACE INA Insurance................................... 289,000 Allianz Global Risks US............................. 288,000 Desjardins General Insurance Group....... 135,000 RBC General Insurance............................. 122,000 Wynward Insurance Group....................... 65,000 Triton Insurance......................................... 56,000 CNA Canada.............................................. 51,000 Arch Insurance (Canada)........................... 50,000 Mitsui Sumitomo Insurance...................... 27,000 RBC Insurance Company Of Canada...... 20,000 Chubb Insurance Co of Canada............... 16,000 Omega General Insurance........................ 11,000 Echelon General Insurance....................... 8,000 Gore Mutual Insurance Company............. 3,000 Affiliated FM Insurance............................. 3,000 Everest Insurance Co of Canada.............. 2,000 Economical Insurance............................... 1,000

Yukon Territory

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

Lloyd’s Underwriters................................. 2,319,000 AIG Insurance Co Of Canada.................... 1,378,000 Northbridge Financial Corporation........... 1,281,000 Zurich Insurance Company Ltd................ 1,086,000 RSA Canada Group................................... 1,074,000 ACE INA Insurance................................... 888,000 Peace Hills General Insurance.................. 703,000 Travelers Canada....................................... 640,000 Co–operators General Insurance Co........ 516,000 Factory Mutual Insurance Company........ 486,000 Allianz Global Risks US............................. 459,000 The Dominion, Part Of Travelers Canada... 218,000 RBC General Insurance............................. 177,000 Intact Financial Corporation..................... 163,000 TD Insurance, General Insurance............. 162,000 Tokio Marine & Nichido Fire...................... 157,000 Liberty Mutual Insurance.......................... 126,000 Arch Insurance (Canada)........................... 118,000 Wynward Insurance Group....................... 108,000 CNA Canada.............................................. 96,000 Desjardins General Insurance Group....... 35,000 Chubb Insurance Co of Canada............... 28,000 Aviva Canada Inc....................................... 16,000 RBC Insurance Company Of Canada...... 10,000 SGI Canada Group.................................... 4,000 Everest Insurance Co of Canada.............. 2,000 Omega General Insurance........................ 2,000

Notes:

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

CANADIAN UNDERWRITER STATISTICAL ISSUE 2014

Aviva Canada Inc....................................... 8,251,000 Intact Financial Corporation..................... 4,278,000 Zurich Insurance Company Ltd................ 4,067,000 Co–operators General Insurance Co........ 3,262,000 TD Insurance, General Insurance............. 1,845,000 Lloyd’s Underwriters................................. 1,780,000 RSA Canada Group................................... 1,248,000 Travelers Canada....................................... 937,000 Northbridge Financial Corporation........... 920,000 Peace Hills General Insurance.................. 810,000 The Dominion, Part Of Travelers Canada... 674,000 Allianz Global Risks US............................. 385,000 CNA Canada.............................................. 302,000 Desjardins General Insurance Group....... 281,000 ACE INA Insurance................................... 260,000 Chubb Insurance Co of Canada............... 141,000 Factory Mutual Insurance Company........ 139,000 Affiliated FM Insurance............................. 74,000 Triton Insurance......................................... 65,000 RBC General Insurance............................. 61,000 Wynward Insurance Group....................... 31,000 Liberty Mutual Insurance.......................... 30,000 RBC Insurance Company Of Canada...... 25,000 Omega General Insurance........................ 17,000 Echelon General Insurance....................... 17,000 Arch Insurance (Canada)........................... 17,000 Tokio Marine & Nichido Fire...................... 8,000 XL Insurance.............................................. 3,000 Boiler Inspection & Insurance Company.. 2,000 Berkley Insurance Company..................... 1,000 73


Leading Companies In The Provinces Direct Written Premiums – AUTOMOBILE – 2013 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................................... 119,106,000 Intact Financial Corporation..................... 67,254,000 Aviva Canada Inc....................................... 63,376,000 Co–operators General Insurance Co........ 36,692,000 The Dominion, Part Of Travelers Canada... 22,809,000 TD Insurance, General Insurance............. 14,399,000 Economical Insurance............................... 14,329,000 Northbridge Financial Corporation........... 8,905,000 Desjardins General Insurance Group....... 5,773,000 RBC General Insurance............................. 5,715,000 Portage La Prairie Mutual......................... 2,221,000 Zurich Insurance Company Ltd................ 1,848,000 ACE INA Insurance................................... 800,000 Old Republic Insurance Company............ 570,000 AIG Insurance Co Of Canada.................... 371,000 Liberty Mutual Insurance.......................... 216,000 Chubb Insurance Co of Canada............... 169,000 Cumis General Insurance.......................... 139,000 Lloyd’s Underwriters................................. 117,000 Motors Insurance Corporation.................. 104,000 American Road Insurance Company....... 85,000 Guarantee Company Of North America... 60,000 Travelers Canada....................................... 52,000 Mitsui Sumitomo Insurance...................... 49,000 CNA Canada.............................................. 44,000 Tokio Marine & Nichido Fire...................... 35,000 XL Insurance.............................................. 15,000 Protective Insurance Company................ 5,000 Hartford Fire Insurance............................. 1,000 Arch Insurance (Canada)........................... 1,000

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

The Dominion, Part Of Travelers Canada... 10,849,000 Aviva Canada Inc....................................... 10,754,000 Co–operators General Insurance Co........ 9,770,000 Wawanesa Mutual Insurance.................... 8,867,000 SGI Canada Group.................................... 7,721,000 TD Insurance, General Insurance............. 5,999,000 RSA Canada Group................................... 4,588,000 Intact Financial Corporation..................... 4,536,000 Desjardins General Insurance Group....... 3,535,000 Portage La Prairie Mutual......................... 3,041,000 Economical Insurance............................... 2,919,000 RBC General Insurance............................. 2,851,000 Northbridge Financial Corporation........... 1,802,000 CAA Insurance Company (Ontario)......... 1,085,000 Echelon General Insurance....................... 704,000 Cumis General Insurance.......................... 476,000 Travelers Canada....................................... 371,000 AIG Insurance Co Of Canada.................... 254,000 ACE INA Insurance................................... 188,000 Guarantee Company Of North America... 173,000 RBC Insurance Company Of Canada...... 155,000 Zurich Insurance Company Ltd................ 145,000 Liberty Mutual Insurance.......................... 41,000 Old Republic Insurance Company............ 34,000 Chubb Insurance Co of Canada............... 13,000 Mitsui Sumitomo Insurance...................... 7,000 Everest Insurance Co of Canada.............. 6,000 XL Insurance.............................................. 5,000 CNA Canada.............................................. 3,000 Tokio Marine & Nichido Fire...................... 2,000

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

Intact Financial Corporation..................... 83,477,000 Aviva Canada Inc....................................... 69,631,000 RSA Canada Group................................... 60,341,000 TD Insurance, General Insurance............. 49,253,000 Wawanesa Mutual Insurance.................... 47,360,000 Co–operators General Insurance Co........ 28,747,000 Economical Insurance............................... 28,736,000 Portage La Prairie Mutual......................... 26,932,000 The Dominion, Part Of Travelers Canada... 26,439,000 Allstate Insurance Co of Canada.............. 23,670,000 Desjardins General Insurance Group....... 20,423,000

Nova Scotia

74

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

Echelon General Insurance....................... 16,199,000 Northbridge Financial Corporation........... 9,948,000 Pembridge Insurance Company............... 9,528,000 RBC General Insurance............................. 9,252,000 SGI Canada Group.................................... 4,468,000 Zurich Insurance Company Ltd................ 4,336,000 Pafco Insurance Company........................ 2,876,000 CAA Insurance Company (Ontario)......... 2,729,000 ACE INA Insurance................................... 1,615,000 RBC Insurance Company Of Canada...... 1,470,000 AIG Insurance Co Of Canada.................... 1,353,000 Guarantee Company Of North America... 1,075,000 Cumis General Insurance.......................... 632,000 Old Republic Insurance Company............ 492,000 Liberty Mutual Insurance.......................... 476,000 Lloyd’s Underwriters................................. 384,000 Travelers Canada....................................... 309,000 American Road Insurance Company....... 199,000 CNA Canada.............................................. 122,000

New Brunswick 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.................... 79,029,000 Aviva Canada Inc....................................... 56,172,000 Intact Financial Corporation..................... 49,780,000 Allstate Insurance Co of Canada.............. 38,605,000 TD Insurance, General Insurance............. 35,482,000 Economical Insurance............................... 35,463,000 RSA Canada Group................................... 33,947,000 State Farm Insurance Company............... 28,978,000 Co–operators General Insurance Co........ 28,028,000 Pembridge Insurance Company............... 12,454,000 The Dominion, Part Of Travelers Canada... 11,516,000 Desjardins General Insurance Group....... 11,494,000 Northbridge Financial Corporation........... 11,064,000 Portage La Prairie Mutual......................... 7,505,000 RBC General Insurance............................. 7,287,000 SGI Canada Group.................................... 6,239,000 AIG Insurance Co Of Canada.................... 4,216,000 Zurich Insurance Company Ltd................ 4,107,000 CAA Insurance Company (Ontario)......... 3,256,000 ACE INA Insurance................................... 3,117,000 Old Republic Insurance Company............ 1,574,000 Pafco Insurance Company........................ 1,563,000 Cumis General Insurance.......................... 1,515,000 RBC Insurance Company Of Canada...... 984,000 Liberty Mutual Insurance.......................... 646,000 Echelon General Insurance....................... 577,000 Lloyd’s Underwriters................................. 415,000 Guarantee Company Of North America... 352,000 Travelers Canada....................................... 148,000 CNA Canada.............................................. 125,000

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

Intact Financial Corporation..................... 907,105,000 Desjardins General Insurance Group....... 543,485,000 La Capitale Assurances Gen Inc.............. 324,477,000 Aviva Canada Inc....................................... 239,970,000 Industrielle Alliance Compagnie............... 147,309,000 RSA Canada Group................................... 127,134,000 SSQ, Societe D’Assurances Gen.............. 121,190,000 TD Insurance, General Insurance............. 92,425,000 L’Unique Assurances Generales.............. 71,450,000 Allstate Insurance Co of Canada.............. 62,093,000 Northbridge Financial Corporation........... 50,082,000 Wawanesa Mutual Insurance.................... 39,177,000 Economical Insurance............................... 38,837,000 Zurich Insurance Company Ltd................ 27,622,000 Pafco Insurance Company........................ 22,387,000 RBC General Insurance............................. 17,573,000 Co–operators General Insurance Co........ 16,514,000 Echelon General Insurance....................... 10,618,000 ACE INA Insurance................................... 6,452,000 Chubb Insurance Co of Canada............... 6,287,000 AIG Insurance Co Of Canada.................... 6,265,000 Lloyd’s Underwriters................................. 5,437,000 Optimum General Inc................................ 4,219,000 Guarantee Company Of North America... 3,513,000

Québec

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

Liberty Mutual Insurance.......................... 2,821,000 American Road Insurance Company....... 2,057,000 Travelers Canada....................................... 1,997,000 CNA Canada.............................................. 1,460,000 Le Groupe Estrie–Richelieu....................... 880,000 Tokio Marine & Nichido Fire...................... 553,000

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

Intact Financial Corporation..................... 2,079,907,000 TD Insurance, General Insurance............. 1,349,681,000 Aviva Canada Inc....................................... 1,205,394,000 State Farm Insurance Company............... 1,121,789,000 RSA Canada Group................................... 730,024,000 Allstate Insurance Co of Canada.............. 698,102,000 Economical Insurance............................... 689,853,000 Desjardins General Insurance Group....... 666,697,000 The Dominion, Part Of Travelers Canada... 648,490,000 Co–operators General Insurance Co........ 601,852,000 Wawanesa Mutual Insurance.................... 458,315,000 RBC General Insurance............................. 349,195,000 Northbridge Financial Corporation........... 272,449,000 Ontario Mutual Insurance.......................... 270,413,000 Gore Mutual Insurance Company............. 180,921,000 Pembridge Insurance Company............... 141,198,000 CAA Insurance Company (Ontario)......... 138,036,000 RBC Insurance Company Of Canada...... 106,428,000 Echelon General Insurance....................... 94,139,000 Zurich Insurance Company Ltd................ 85,731,000 Guarantee Company Of North America... 85,669,000 Unica Insurance......................................... 73,066,000 Pafco Insurance Company........................ 65,334,000 Chubb Insurance Co of Canada............... 64,304,000 Old Republic Insurance Company............ 49,798,000 SGI Canada Group.................................... 44,911,000 Cumis General Insurance.......................... 39,930,000 North Waterloo Farmers Mutual............... 36,734,000 AIG Insurance Co Of Canada.................... 36,271,000 ACE INA Insurance................................... 32,168,000

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

Saskatchewan Mutual Insurance............. 1,624,000 Northbridge Financial Corporation........... 1,591,000 Co–operators General Insurance Co........ 1,278,000 Aviva Canada Inc....................................... 952,000 ACE INA Insurance................................... 757,000 Zurich Insurance Company Ltd................ 589,000 AIG Insurance Co Of Canada.................... 561,000 Intact Financial Corporation..................... 496,000 RBC General Insurance............................. 473,000 RSA Canada Group................................... 402,000 Lloyd’s Underwriters................................. 344,000 CNA Canada.............................................. 302,000 Liberty Mutual Insurance.......................... 299,000 Motors Insurance Corporation.................. 269,000 American Road Insurance Company....... 195,000 Travelers Canada....................................... 143,000 Chubb Insurance Co of Canada............... 112,000 SGI Canada Group.................................... 62,000 Protective Insurance Company................ 41,000 Old Republic Insurance Company............ 39,000 Mitsui Sumitomo Insurance...................... 31,000 Arch Insurance (Canada)........................... 26,000 Hartford Fire Insurance............................. 17,000 Cumis General Insurance.......................... 15,000 The Dominion, Part Of Travelers Canada... 8,000 Tokio Marine & Nichido Fire...................... 4,000 Guarantee Company Of North America... 4,000 Echelon General Insurance....................... 1,000 XL Insurance.............................................. –92,000

1. 2. 3. 4. 5.

SGI Canada Group.................................... 145,006,000 Saskatchewan Mutual Insurance............. 9,206,000 Co–operators General Insurance Co........ 7,579,000 Aviva Canada Inc....................................... 6,328,000 Northbridge Financial Corporation........... 2,480,000

Ontario

Manitoba

Saskatchewan

canadianunderwriter.ca CANADIAN UNDERWRITER STATISTICAL ISSUE 2014


Leading Companies In The Provinces Direct Written Premiums – AUTOMOBILE – 2013 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.

Zurich Insurance Company Ltd................ 1,690,000 Lloyd’s Underwriters................................. 1,441,000 Intact Financial Corporation..................... 1,294,000 Portage La Prairie Mutual......................... 1,023,000 ACE INA Insurance................................... 811,000 RSA Canada Group................................... 563,000 AIG Insurance Co Of Canada.................... 499,000 Travelers Canada....................................... 488,000 Motors Insurance Corporation.................. 473,000 Liberty Mutual Insurance.......................... 434,000 RBC General Insurance............................. 430,000 Mennonite Mutual Fire Insurance............. 427,000 American Road Insurance Company....... 379,000 Chubb Insurance Co of Canada............... 204,000 CNA Canada.............................................. 186,000 Old Republic Insurance Company............ 29,000 XL Insurance.............................................. 23,000 Cumis General Insurance.......................... 19,000 Arch Insurance (Canada)........................... 14,000 Protective Insurance Company................ 11,000 Hartford Fire Insurance............................. 9,000 Economical Insurance............................... 6,000 Mitsui Sumitomo Insurance...................... 3,000 Tokio Marine & Nichido Fire...................... 2,000 Guarantee Company Of North America... 2,000

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

Intact Financial Corporation..................... 759,674,000 Wawanesa Mutual Insurance.................... 510,397,000 TD Insurance, General Insurance............. 489,366,000 Co–operators General Insurance Co........ 292,920,000 Aviva Canada Inc....................................... 271,733,000 RSA Canada Group................................... 231,922,000 Alberta Motor Association........................ 221,148,000 Economical Insurance............................... 144,648,000 State Farm Insurance Company............... 126,716,000 Northbridge Financial Corporation........... 85,182,000 The Dominion, Part Of Travelers Canada... 77,150,000 Allstate Insurance Co of Canada.............. 75,487,000 Desjardins General Insurance Group....... 64,661,000 Peace Hills General Insurance.................. 64,142,000 Canadian Direct Insurance........................ 51,383,000 Zurich Insurance Company Ltd................ 44,657,000 RBC General Insurance............................. 41,103,000 SGI Canada Group.................................... 39,702,000 Portage La Prairie Mutual......................... 22,774,000 Travelers Canada....................................... 15,631,000 ACE INA Insurance................................... 12,274,000 Liberty Mutual Insurance.......................... 11,391,000 CNA Canada.............................................. 10,034,000 RBC Insurance Company Of Canada...... 10,020,000 AIG Insurance Co Of Canada.................... 9,316,000 Pembridge Insurance Company............... 8,822,000 Chubb Insurance Co of Canada............... 8,159,000 Old Republic Insurance Company............ 7,810,000 Lloyd’s Underwriters................................. 4,941,000 Optimum General Inc................................ 3,086,000

Alberta

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

Economical Insurance............................... 88,333,000 Canadian Direct Insurance........................ 43,171,000 RSA Canada Group................................... 42,903,000 Northbridge Financial Corporation........... 18,339,000 Intact Financial Corporation..................... 15,745,000 Zurich Insurance Company Ltd................ 5,064,000 Lloyd’s Underwriters................................. 2,693,000 Aviva Canada Inc....................................... 2,321,000 RBC General Insurance............................. 2,294,000 AIG Insurance Co Of Canada.................... 1,891,000 Liberty Mutual Insurance.......................... 1,727,000 Echelon General Insurance....................... 1,615,000 ACE INA Insurance................................... 1,073,000 The Dominion, Part Of Travelers Canada... 858,000 CNA Canada.............................................. 614,000 American Road Insurance Company....... 572,000 Travelers Canada....................................... 503,000 Chubb Insurance Co of Canada............... 218,000

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

Motors Insurance Corporation.................. 168,000 Old Republic Insurance Company............ 128,000 Tokio Marine & Nichido Fire...................... 100,000 Co–operators General Insurance Co........ 86,000 Protective Insurance Company................ 84,000 XL Insurance.............................................. 75,000 Hartford Fire Insurance............................. 48,000 Mitsui Sumitomo Insurance...................... 30,000 Federal Insurance Company..................... 10,000 Guarantee Company Of North America... 8,000 Cumis General Insurance.......................... 6,000 SGI Canada Group.................................... 3,000

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.

TD Insurance, General Insurance............. 7,193,000 Wawanesa Mutual Insurance.................... 4,467,000 Aviva Canada Inc....................................... 3,862,000 Co–operators General Insurance Co........ 3,391,000 RSA Canada Group................................... 2,594,000 Intact Financial Corporation..................... 2,317,000 Peace Hills General Insurance.................. 975,000 The Dominion, Part Of Travelers Canada... 539,000 Desjardins General Insurance Group....... 506,000 Northbridge Financial Corporation........... 409,000 Travelers Canada....................................... 356,000 Zurich Insurance Company Ltd................ 334,000 RBC General Insurance............................. 243,000 ACE INA Insurance................................... 160,000 Economical Insurance............................... 144,000 State Farm Insurance Company............... 128,000 Allstate Insurance Co of Canada.............. 57,000 Liberty Mutual Insurance.......................... 49,000 Lloyd’s Underwriters................................. 44,000 Old Republic Insurance Company............ 38,000 CNA Canada.............................................. 33,000 Arch Insurance (Canada)........................... 32,000 AIG Insurance Co Of Canada.................... 27,000 Echelon General Insurance....................... 21,000 RBC Insurance Company Of Canada...... 20,000 Gore Mutual Insurance Company............. 19,000 Guarantee Company Of North America... 15,000 SGI Canada Group.................................... 14,000 Pembridge Insurance Company............... 13,000 American Road Insurance Company....... 12,000

Yukon Territory

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................................... 1,482,000 Intact Financial Corporation..................... 943,000 Aviva Canada Inc....................................... 455,000 TD Insurance, General Insurance............. 453,000 Travelers Canada....................................... 285,000 Zurich Insurance Company Ltd................ 225,000 The Dominion, Part Of Travelers Canada... 202,000 RBC General Insurance............................. 151,000 Co–operators General Insurance Co........ 117,000 Peace Hills General Insurance.................. 117,000 Desjardins General Insurance Group....... 114,000 Economical Insurance............................... 112,000 Wawanesa Mutual Insurance.................... 107,000 Northbridge Financial Corporation........... 103,000 State Farm Insurance Company............... 101,000 Liberty Mutual Insurance.......................... 79,000 Allstate Insurance Co of Canada.............. 55,000 ACE INA Insurance................................... 24,000 CNA Canada.............................................. 22,000 Old Republic Insurance Company............ 18,000 Arch Insurance (Canada)........................... 17,000 Gore Mutual Insurance Company............. 16,000 RBC Insurance Company Of Canada...... 15,000 AIG Insurance Co Of Canada.................... 14,000 Echelon General Insurance....................... 13,000 Pembridge Insurance Company............... 12,000 SGI Canada Group.................................... 10,000 Guarantee Company Of North America... 9,000 XL Insurance.............................................. 7,000 Canadian Direct Insurance........................ 5,000

Notes:

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

CANADIAN UNDERWRITER STATISTICAL ISSUE 2014

Intact Financial Corporation..................... 5,329,000 TD Insurance, General Insurance............. 4,956,000 Aviva Canada Inc....................................... 3,852,000 Co–operators General Insurance Co........ 2,243,000 RSA Canada Group................................... 2,127,000 Desjardins General Insurance Group....... 1,107,000 The Dominion, Part Of Travelers Canada... 570,000 Northbridge Financial Corporation........... 543,000 Peace Hills General Insurance.................. 514,000 Wawanesa Mutual Insurance.................... 385,000 Economical Insurance............................... 350,000 State Farm Insurance Company............... 345,000 Travelers Canada....................................... 255,000 RBC General Insurance............................. 223,000 Allstate Insurance Co of Canada.............. 210,000 Zurich Insurance Company Ltd................ 140,000 CNA Canada.............................................. 104,000 ACE INA Insurance................................... 104,000 Gore Mutual Insurance Company............. 57,000 RBC Insurance Company Of Canada...... 54,000 Liberty Mutual Insurance.......................... 49,000 Pembridge Insurance Company............... 46,000 Old Republic Insurance Company............ 41,000 American Road Insurance Company....... 34,000 Arch Insurance (Canada)........................... 33,000 Echelon General Insurance....................... 31,000 SGI Canada Group.................................... 28,000 Guarantee Company Of North America... 28,000 AIG Insurance Co Of Canada.................... 28,000 Canadian Direct Insurance........................ 20,000 75


2013 LEADING COMPANIES — DIRECT WRITTEN BASIS Aircraft

Boiler & Machinery - excld

% of 2013 Market D.W.P.

1. RSA Canada Group............................ 16.42 64,820,000

2. Factory Mutual Insurance Company... 14.97 59,084,000

3. Lloyd’s Underwriters.......................... 12.43 49,045,000

4. Intact Financial Corporation............... 10.90 43,005,000

5. AIG Insurance Co Of Canada.............. 8.95 18,239,000

5. Aviva Canada Inc............................... 8.08 31,886,000

6. Northbridge Financial Corporation...... 6.51 13,263,000

6. Boiler Inspection & Insurance Company. 7.17 28,292,000

7. XL Insurance..................................... 5.11 10,408,000

7. Zurich Insurance Company Ltd.......... 5.86 23,108,000

8. Mitsui Sumitomo Insurance............... 2.72 5,545,000

9. ACE INA Insurance............................ 1.70 3,467,000

1. Lloyd’s Underwriters.......................... 25.33 51,624,000

2. Allianz Global Risks US...................... 21.62 44,047,000

3. Munich Reinsurance Cda Group......... 13.47 27,439,000

4. Swiss Reinsurance Group.................. 10.55 21,489,000

Fidelity

% of 2013 Market D.W.P.

% of 2013 Market D.W.P.

1. Chubb Insurance Co of Canada.......... 18.97 21,622,000

2. Guarantee Company Of North America.. 14.93 17,011,000

3. Lloyd’s Underwriters.......................... 10.96 12,491,000

4. AIG Insurance Co Of Canada.............. 10.34 11,786,000

5. Travelers Canada............................... 9.00 10,254,000

6. Liberty Mutual Insurance................... 6.13 6,982,000

7. Cumis General Insurance................... 5.40 6,149,000

8. Economical Insurance........................ 2.93 11,582,000

8. RSA Canada Group............................ 4.41 5,021,000

9. AIG Insurance Co Of Canada.............. 2.72 10,736,000

9. Great American Insurance.................. 2.49 2,843,000

10. Intact Financial Corporation............... 1.66 3,383,000

10. Co-operators General Insurance Co... 2.09 8,247,000

11. Liberty Mutual Insurance................... 1.64 3,339,000

10. Desjardins General Insurance Group.. 2.43 2,771,000

11. Affiliated FM Insurance...................... 2.00 7,890,000

11. Trisura Guarantee Insurance.............. 2.08 2,369,000

12. Allianz Global Risks US...................... 1.95 7,677,000

12. Northbridge Financial Corporation...... 1.90 2,165,000

13. The Dominion, Part Of Travelers Canada.. 1.72 6,775,000

13. Economical Insurance........................ 1.89 2,158,000

14. Northbridge Financial Corporation...... 1.67 6,605,000

14. Co-operators General Insurance Co... 1.23 1,398,000

15. Chubb Insurance Co of Canada.......... 1.56 6,151,000

15. Zurich Insurance Company Ltd.......... 1.16 1,323,000

–3,000

16. Swiss Reinsurance Group.................. 1.14 4,491,000

16. Intact Financial Corporation............... 1.14 1,303,000

TOTAL............................................... 203,778,000

17. Gore Mutual Insurance Company....... 0.82 3,253,000

17. The Dominion, Part Of Travelers Canada.. 1.01 1,146,000

18. Wawanesa Mutual Insurance............. 0.79 3,123,000

18. Ontario School Board’s Insurance...... 0.87

991,000

19. ACE INA Insurance............................ 0.84

959,000

20. Aviva Canada Inc............................... 0.77

877,000

21. Arch Insurance (Canada).................... 0.48

552,000

22. CNA Canada...................................... 0.46

523,000

23. SGI Canada Group............................. 0.35

398,000

24. Berkley Insurance Company.............. 0.31

353,000

25. Tokio Marine & Nichido Fire............... 0.12

137,000

26. Mitsui Sumitomo Insurance............... 0.11

123,000

27. Optimum General Inc......................... 0.04

42,000

12. Aspen Insurance UK Limited.............. 0.38

783,000

13. Berkley Insurance Company.............. 0.32

647,000

14. SGI Canada Group............................. 0.03

67,000

15. Old Republic Insurance Company....... 0.02

38,000

16. XL Re America Inc – Cdn Branch....... 0.00

3,000

17. RSA Canada Group............................ –0.00

19. Desjardins General Insurance Group.. 0.75 2,944,000 20. Munich Reinsurance Cda Group......... 0.72 2,831,000

Marine

21. Travelers Canada............................... 0.66 2,590,000

% of 2013 Market D.W.P.

1. Lloyd’s Underwriters.......................... 16.60 64,015,000

2. RSA Canada Group............................ 13.05 50,332,000

3. AIG Insurance Co Of Canada.............. 11.55 44,533,000

4. Aviva Canada Inc............................... 10.29 39,689,000

5. CNA Canada...................................... 9.42 36,338,000

6. Northbridge Financial Corporation...... 8.77 33,807,000

7. Intact Financial Corporation............... 7.25 27,957,000

8. Allianz Global Risks US...................... 4.08 15,730,000

9. Travelers Canada............................... 4.00 15,423,000

10. ACE INA Insurance............................ 2.95 11,369,000 11. Zurich Insurance Company Ltd.......... 2.77 10,698,000 12. Co–operators General Insurance Co... 2.01 7,748,000 13. Liberty Mutual Insurance................... 1.70 6,561,000 14. Pacific Coast Fishermen’s Mutual Marine. 1.60 6,185,000 15. Great American Insurance.................. 1.04 4,000,000 16. Chubb Insurance Co of Canada.......... 0.79 3,059,000 17. XL Insurance..................................... 0.66 2,541,000 18. Berkley Insurance Company.............. 0.51 1,964,000 19. Affiliated FM Insurance...................... 0.33 1,273,000 20. Tokio Marine & Nichido Fire............... 0.25

982,000

21. Mitsui Sumitomo Insurance............... 0.14

550,000

22. Sompo Japan Insurance Inc............... 0.10

383,000

23. Nipponkoa Insurance Co Ltd.............. 0.05

202,000

24. Aspen Insurance UK Limited.............. 0.04

160,000

25. Associated Electric & Gas Insurance.. 0.04

159,000

TOTAL............................................... 385,658,000

22. SGI Canada Group............................. 0.54 2,148,000 23. CNA Canada...................................... 0.47 1,842,000 24. Wynward Insurance Group................. 0.41 1,628,000 25. Guarantee Company Of North America. 0.16

639,000

26. Optimum General Inc......................... 0.16

612,000

27. Le Groupe Estrie–Richelieu................ 0.15

581,000

28. Wynward Insurance Group................. 0.04

41,000

28. North Waterloo Farmers Mutual......... 0.13

495,000

29. Sompo Japan Insurance Inc............... 0.03

37,000

29. Mitsui Sumitomo Insurance............... 0.11

427,000

30. Triton Insurance................................ 0.03

36,000

30. Cumis General Insurance................... 0.09

363,000

31. Hartford Fire Insurance...................... 0.03

33,000

31. Ontario School Board’s Insurance...... 0.09

362,000

32. Ontario Mutual Insurance................... 0.02

28,000

32. Trisura Guarantee Insurance.............. 0.08

305,000

33. Saskatchewan Mutual Insurance....... 0.02

18,000

33. Mennonite Mutual Fire Insurance....... 0.05

201,000

34. Federal Insurance Company............... 0.01

10,000

34. Mutual Fire Insurance Co of BC.......... 0.04

173,000

35. State Farm Insurance Company......... 0.01

7,000

35. Tokio Marine & Nichido Fire............... 0.04

155,000

36. Western Surety Company.................. 0.00

4,000

36. Great American Insurance.................. 0.04

142,000

TOTAL............................................... 113,961,000

37. Berkley Insurance Company.............. 0.03

120,000

38. Saskatchewan Mutual Insurance....... 0.03

101,000

39. Sompo Japan Insurance Inc............... 0.02

63,000

40. Ontario Mutual Insurance................... 0.01

57,000

41. ACE INA Insurance............................ 0.01

47,000

42. Everest Insurance Co of Canada......... 0.01

35,000

43. Hartford Fire Insurance...................... 0.01

31,000

44. Federal Insurance Company............... 0.00

2,000

TOTAL............................................... 394,664,000

Boiler & Machinery - equip

Hail

TOTAL............................................... 22,846,000

1. Co–operative Hail Ins Co Ltd.............. 69.01 54,682,000

2. ACE INA Insurance............................ 15.54 12,311,000

3. Northbridge Financial Corporation...... 14.85 11,768,000

4. North Waterloo Farmers Mutual......... 0.24

189,000

5. Intact Financial Corporation............... 0.21

165,000

6. Ontario Mutual Insurance................... 0.15

119,000

TOTAL............................................... 79,234,000

76

Legal Expense

% of 2013 Market D.W.P.

1. Euler Hermes North America Insurance. 59.16 39,984,000

2. Atradius Credit Insurance N.V............ 16.08 10,865,000

3. AIG Insurance Co Of Canada.............. 15.07 10,183,000

4. Lloyd’s Underwriters.......................... 5.99 4,045,000

5. Guarantee Company Of North America.. 3.65 2,465,000

6. Echelon General Insurance................ 0.06

41,000

TOTAL............................................... 67,583,000

Credit Protection

% of 2013 Market D.W.P.

1. Motors Insurance Corporation............ 53.17 12,148,000 2. Trisura Guarantee Insurance.............. 46.83 10,698,000

% of 2013 Market D.W.P.

Credit

% of 2013 Market D.W.P.

1. Arch Insurance (Canada).................... 65.34 14,397,000

2. Legacy General Insurance.................. 34.66 7,636,000

TOTAL............................................... 22,033,000

% of 2013 Market D.W.P.

1. Intact Financial Corporation............... 46.86 6,934,000

2. La Capitale Assurances Gen Inc......... 41.89 6,199,000

3. Lloyd’s Underwriters.......................... 5.19

768,000

4. Echelon General Insurance................ 3.33

493,000

5. Guarantee Company Of North America.. 2.72

403,000

TOTAL............................................... 14,797,000

canadianunderwriter.ca CANADIAN UNDERWRITER STATISTICAL ISSUE 2014


2013 LEADING COMPANIES — DIRECT WRITTEN BASIS Liability

% of 2013 Market D.W.P.

Other Approved Products

Liability (continued)

% of 2013 Market D.W.P.

% of 2013 Market D.W.P.

1. FCT................................................... 99.85 16,272,000

1. Lloyd’s Underwriters.......................... 18.62 973,024,000

63. Mennonite Mutual Fire Insurance....... 0.02 1,198,000

2. Intact Financial Corporation............... 10.85 566,979,000

2. Corepointe Insurance......................... 0.26

43,000

64. Antigonish Farmers’ Mutual............... 0.02

875,000

3. Aviva Canada Inc............................... 6.97 364,158,000

3. Zurich Insurance Company Ltd.......... –0.12

–19,000

4. AIG Insurance Co Of Canada.............. 5.92 309,354,000

65. Promutuel Reassurance..................... 0.01

525,000

TOTAL............................................... 16,296,000

5. Zurich Insurance Company Ltd.......... 5.51 287,884,000

66. T.H.E. Insurance Company................. 0.01

513,000

6. RSA Canada Group............................ 4.85 253,374,000

67. Clare Mutual Insurance Company...... 0.01

393,000

7. Northbridge Financial Corporation...... 4.17 218,029,000

68. Fundy Mutual Insurance.................... 0.01

374,000

8. Chubb Insurance Co of Canada.......... 4.00 209,205,000

69. Nipponkoa Insurance Co Ltd.............. 0.00

203,000

9. Co-operators General Insurance Co... 3.88 202,947,000

70. Federal Insurance Company............... 0.00

198,000

10. Economical Insurance........................ 3.09 161,236,000

71. Industrielle Alliance Compagnie......... –0.00

–1,000

11. CNA Canada...................................... 2.73 142,611,000

72. SSQ, Societe D’Assurances Gen........ –0.00

–4,000

12. Liberty Mutual Insurance................... 2.36 123,084,000

TOTAL............................................... 5,224,991,000

13. ACE INA Insurance............................ 2.26 117,867,000 14. Lawyers’ Professional Indemnity........ 2.07 108,009,000

Surety

15. Travelers Canada............................... 1.87 97,561,000 16. The Dominion, Part Of Travelers Canada.. 1.58 82,579,000

Title

% of 2013 Market D.W.P.

1. Stewart Title Guaranty Company........ 43.06 91,548,000 2. FCT................................................... 42.14 89,586,000 3. Chicago Title..................................... 12.16 25,856,000 4. Lawyers’ Professional Indemnity........ 2.61 5,552,000 5. Arch Insurance (Canada).................... 0.03 63,000 TOTAL............................................... 212,605,000

Accident & Sickness

18. XL Insurance..................................... 1.52 79,225,000

% of 2013 Market D.W.P. 1. Intact Financial Corporation............... 23.45 114,025,000

19. Motors Insurance Corporation............ 1.50 78,260,000

2. Guarantee Company Of North America.. 14.76 71,776,000

% of 2013 Market D.W.P. 1. RBC Insurance Company Of Canada.. 30.06 186,309,000

20. Ontario Mutual Insurance................... 1.14 59,706,000

3. Aviva Canada Inc............................... 13.40 65,136,000

2. RSA Canada Group............................ 19.49 120,828,000

21. Allianz Global Risks US...................... 1.08 56,595,000

4. Travelers Canada............................... 11.36 55,224,000

3. AIG Insurance Co Of Canada.............. 16.87 104,564,000

22. Guarantee Company Of North America.. 0.96 50,117,000

5. Trisura Guarantee Insurance.............. 7.13 34,669,000

4. Lloyd’s Underwriters.......................... 11.11 68,851,000

23. Swiss Reinsurance Group.................. 0.94 48,955,000

6. Zurich Insurance Company Ltd.......... 6.57 31,968,000

5. Allianz Global Risks US...................... 7.15 44,311,000

24. State Farm Insurance Company......... 0.93 48,355,000

7. Western Surety Company.................. 4.97 24,185,000

6. Triton Insurance................................ 4.86 30,097,000

25. SGI Canada Group............................. 0.84 43,844,000

8. Liberty Mutual Insurance................... 3.05 14,825,000

7. CAA Insurance Company (Ontario).... 4.65 28,838,000

26. Berkley Insurance Company.............. 0.81 42,328,000

9. AIG Insurance Co Of Canada.............. 2.78 13,532,000

8. ACE INA Insurance............................ 1.62 10,020,000

27. Wawanesa Mutual Insurance............. 0.77 40,184,000

10. L’Unique Assurances Generales......... 2.64 12,834,000

9. Chubb Insurance Co of Canada.......... 1.58 9,809,000

28. Trisura Guarantee Insurance.............. 0.58 30,494,000

11. Chubb Insurance Co of Canada.......... 2.21 10,744,000

10. Legacy General Insurance.................. 1.18 7,326,000

29. Arch Insurance (Canada).................... 0.52 26,978,000

12. Co–operators General Insurance Co... 2.18 10,603,000

11. Echelon General Insurance................ 0.45 2,783,000

30. XL Re America Inc – Cdn Branch....... 0.48 25,120,000

13. ACE INA Insurance............................ 1.38 6,734,000

12. Zurich Insurance Company Ltd.......... 0.24 1,484,000

31. Desjardins General Insurance Group.. 0.47 24,743,000

14. CNA Canada...................................... 1.24 6,009,000

13. Alberta Motor Association.................. 0.21 1,281,000

32. Gore Mutual Insurance Company....... 0.44 22,820,000

15. SGI Canada Group............................. 0.70 3,394,000

14. Aviva Canada Inc............................... 0.16 1,002,000

33. Ontario School Board’s Insurance...... 0.43 22,645,000

16. Northbridge Financial Corporation...... 0.56 2,706,000

15. Co–operators General Insurance Co... 0.12

734,000

34. Aspen Insurance UK Limited.............. 0.43 22,574,000

17. The Dominion, Part Of Travelers Canada.. 0.54 2,607,000

16. Everest Insurance Co of Canada......... 0.10

616,000

35. Associated Electric & Gas Insurance Services... 0.41 21,352,000

18. Economical Insurance........................ 0.42 2,058,000

17. Guarantee Company Of North America.. 0.05

314,000

36. Everest Insurance Co of Canada......... 0.39 20,287,000

19. Berkley Insurance Company.............. 0.37 1,810,000

18. Ontario Mutual Insurance................... 0.05

295,000

37. Great American Insurance.................. 0.32 16,676,000

20. Aspen Insurance UK Limited.............. 0.09

424,000

19. Cumis General Insurance................... 0.03

215,000

38. Wynward Insurance Group................. 0.31 16,052,000

21. Desjardins General Insurance Group.. 0.08

394,000

20. Northbridge Financial Corporation...... 0.01

57,000

39. Optimum General Inc......................... 0.29 15,313,000

22. La Capitale Assurances Gen Inc......... 0.04

201,000

21. SGI Canada Group............................. 0.01

50,000

40. TD Insurance, General Insurance....... 0.17 9,116,000

23. Wynward Insurance Group................. 0.03

130,000

22. Gore Mutual Insurance Company....... 0.01

37,000

41. Echelon General Insurance................ 0.16 8,478,000

24. Echelon General Insurance................ 0.02

96,000

23. North Waterloo Farmers Mutual......... 0.00

11,000

42. Portage La Prairie Mutual.................. 0.16 8,287,000

25. RSA Canada Group............................ 0.01

62,000

24. Mennonite Mutual Fire Insurance....... 0.00

43. Unica Insurance................................. 0.14 7,215,000

26. State Farm Insurance Company......... 0.01

53,000

25. Intact Financial Corporation............... –0.00

44. Cumis General Insurance................... 0.14 7,179,000

27. Great American Insurance.................. 0.00

21,000

TOTAL............................................... 619,805,000

28. Hartford Fire Insurance...................... 0.00

6,000

29. Cumis General Insurance................... 0.00

4,000

30. Mitsui Sumitomo Insurance............... 0.00

3,000

31. Arch Insurance (Canada).................... 0.00

2,000

32. XL Insurance..................................... 0.00

1,000

33. Gore Mutual Insurance Company....... 0.00

1,000

34. Optimum General Inc......................... 0.00

1,000

17. Munich Reinsurance Cda Group......... 1.56 81,606,000

45. The Mearie Group.............................. 0.14 7,173,000 46. North Waterloo Farmers Mutual......... 0.11 5,645,000 47. Saskatchewan Mutual Insurance....... 0.11 5,565,000 48. La Capitale Assurances Gen Inc......... 0.11 5,516,000 49. Mitsui Sumitomo Insurance............... 0.10 5,154,000 50. Le Groupe Estrie–Richelieu................ 0.09 4,755,000 51. Red River Mutual............................... 0.09 4,489,000 52. Hartford Fire Insurance...................... 0.08 4,434,000

3,000 –30,000

TOTAL............................................... 486,238,000

53. Mutual Fire Insurance Co of BC.......... 0.08 4,197,000 54. Old Republic Insurance Company....... 0.08 3,951,000 55. Tokio Marine & Nichido Fire............... 0.06 3,349,000 56. L’Unique Assurances Generales......... 0.06 2,993,000 57. PEI Mutual Insurance Company.......... 0.06 2,960,000 58. Omega General Insurance.................. 0.04 2,013,000 59. Canadian Direct Insurance................. 0.04 1,879,000 60. RBC General Insurance...................... 0.03 1,523,000 61. Sompo Japan Insurance Inc............... 0.03 1,496,000 62. Kings Mutual Insurance Company...... 0.02 1,220,000 CANADIAN UNDERWRITER STATISTICAL ISSUE 2014 77


2013

SUMMARY RESULTS BY NATIONALITY OF COMPANY IN CANADA

FFF

TOTAL INSURANCE Net Claims Net Net and Earned Premiums Premiums Adjusting Loss Written Earned Expenses Ratio $ $ $ % Canadian........................ 26,718,366,000 26,250,884,000 18,321,128,000 69.79 Foreign........................... 1,789,942,000 1,800,891,000 1,241,891,000 68.96 U.K................................. 8,912,295,000 8,690,679,000 5,615,586,000 64.62 U.S................................. 5,881,491,000 5,870,749,000 4,039,936,000 68.81 Total............................... 43,302,094,000

42,613,203,000

29,218,541,000

68.57

AUTOMOBILE INSURANCE Net Claims Net Net and Earned Premiums Premiums Adjusting Loss Written Earned Expenses Ratio $ $ $ % Canadian........................ 14,875,812,000 14,669,324,000 10,676,264,000 72.78 Foreign........................... 286,409,000 288,038,000 215,939,000 74.97 U.K................................. 3,293,056,000 3,260,156,000 2,161,540,000 66.30 U.S................................. 2,476,222,000 2,489,414,000 1,835,709,000 73.74 Total............................... 20,931,499,000

20,706,932,000

14,889,452,000

71.91

PROPERTY INSURANCE Net Claims Net Net and Earned Premiums Premiums Adjusting Loss Written Earned Expenses Ratio $ $ $ % Canadian........................ 9,470,656,000 9,200,732,000 6,580,515,000 71.52 Foreign........................... 820,481,000 816,379,000 603,529,000 73.93 U.K................................. 3,287,162,000 3,164,874,000 2,221,055,000 70.18 U.S................................. 1,833,041,000 1,802,434,000 1,497,571,000 83.09 Total............................... 15,411,340,000

14,984,419,000

10,902,670,000

72.76

REMAINING INSURANCE Net Claims Net Net and Earned Premiums Premiums Adjusting Loss Written Earned Expenses Ratio $ $ $ % Canadian........................ 2,371,898,000 2,380,828,000 1,064,349,000 44.70 Foreign........................... 683,052,000 696,474,000 422,423,000 60.65 U.K................................. 2,332,077,000 2,265,649,000 1,232,991,000 54.42 U.S................................. 1,572,228,000 1,578,901,000 706,656,000 44.76 Total............................... 6,959,255,000

78

6,921,852,000

3,426,419,000

49.50

canadianunderwriter.ca CANADIAN UNDERWRITER STATISTICAL ISSUE 2014


2013

SUMMARY RESULTS BY TYPE OF COMPANY IN CANADA

FFF

TOTAL INSURANCE

Net Net Net Net Net Net Earned Premiums Premiums Premiums Premiums Claims Claims Loss Written Written Earned Earned & Adj. Exps. & Adj. Exps. Ratio $ % $ % $ % %

Brokerage........................... 30,844,497,000 71.23 30,285,167,000 71.07 20,859,614,000 71.39 Direct.................................. 10,780,244,000 24.90 10,653,249,000 25.00 7,231,643,000 24.75 Reinsurance........................ 1,677,353,000 3.87 1,674,787,000 3.93 1,127,284,000 3.86

68.88 67.88 67.31

Total................................... 43,302,094,000 42,613,203,000 29,218,541,000

68.57

AUTOMOBILE INSURANCE

Net Net Net Net Net Net Earned Premiums Premiums Premiums Premiums Claims Claims Loss Written Written Earned Earned & Adj. Exps. & Adj. Exps. Ratio $ % $ % $ % %

Brokerage........................... 14,505,075,000 69.30 14,318,647,000 69.15 10,492,568,000 70.47 73.28 Direct.................................. 6,191,627,000 29.58 6,150,256,000 29.70 4,308,704,000 28.94 70.06 Reinsurance........................ 234,797,000 1.12 238,029,000 1.15 88,180,000 0.59 37.05 Total................................... 20,931,499,000 20,706,932,000 14,889,452,000

71.91

PROPERTY INSURANCE

Net Net Net Net Net Net Earned Premiums Premiums Premiums Premiums Claims Claims Loss Written Written Earned Earned & Adj. Exps. & Adj. Exps. Ratio $ % $ % $ % %

Brokerage........................... 11,062,375,000 71.78 10,734,415,000 71.64 7,780,748,000 71.37 72.48 Direct.................................. 3,380,389,000 21.93 3,290,171,000 21.96 2,302,979,000 21.12 70.00 Reinsurance........................ 968,576,000 6.28 959,833,000 6.41 818,943,000 7.51 85.32 Total................................... 15,411,340,000 14,984,419,000 10,902,670,000

72.76

REMAINING INSURANCE

Net Net Net Net Net Net Earned Premiums Premiums Premiums Premiums Claims Claims Loss Written Written Earned Earned & Adj. Exps. & Adj. Exps. Ratio $ % $ % $ % %

Brokerage........................... 5,277,047,000 75.83 5,232,105,000 75.59 2,586,298,000 75.48 49.43 Direct.................................. 1,208,228,000 17.36 1,212,822,000 17.52 619,960,000 18.09 51.12 Reinsurance........................ 473,980,000 6.81 476,925,000 6.89 220,161,000 6.43 46.16 Total................................... 6,959,255,000 6,921,852,000 3,426,419,000

49.50

CANADIAN UNDERWRITER STATISTICAL ISSUE 2014 79


CANADIAN 2013 UNDERWRITING EXPERIENCE COMPILED BY “CANADIAN UNDERWRITER”

COMPANY TYPE: B — Brokerage D — Direct Writer R — Reinsurance Only L — Life Only G — Government

COMPANY OWNERSHIP: C — Canadian US — United States UK — United Kingdom F — Foreign

ACE INA INSURANCE

Abraham Andrew Hollenberg, President & Chief Executive Officer 1400-25 York St Toronto ON M5J 2V5 416-368-2911 Fax:416-594-3000 www.acegroup.com

Class

Net Prems Net Prems Net Claims Claims Written Earned Incurred Ratio

Prop. - Personal...................... –104,000 1,000 32,000 3,200.00 Prop. - Commercial................. 32,817,000 32,705,000 55,486,000 169.66 Prop - Total ............................ 32,713,000 32,706,000 55,518,000 169.75 Aircraft..................................... 394,000 450,000 –42,000 –9.33 Auto. - Liability........................ 15,428,000 17,361,000 27,269,000 157.07 Auto. - Pers. Acc..................... 216,000 193,000 116,000 60.10 Auto. - Other............................ 7,289,000 8,668,000 5,668,000 65.39 Auto - Total ............................. 22,933,000 26,222,000 33,053,000 126.05 Boiler/Mach-excld................... 22,000 8,000 –17,000 –212.50 Fidelity..................................... 431,000 529,000 –10,000 –1.89 Hail.......................................... 38,000 37,000 2,000 5.41 Liability.................................... 49,562,000 46,727,000 18,460,000 39.51 Surety...................................... 4,593,000 4,503,000 666,000 14.79 Marine...................................... 3,536,000 3,605,000 1,169,000 32.43 Accident & Sickness................ 4,096,000 3,276,000 197,000 6.01 ——————— ——————— ——————— ————— Total 2013................................ 118,318,000 118,063,000 108,996,000 92.32 Total 2012................................ 220,896,000 212,616,000 172,828,000 81.29 Total 2011................................ 210,713,000 208,000,000 151,440,000 72.81 Total 2010................................ 208,123,000 212,380,000 144,148,000 67.87 Total 2009................................ 221,255,000 222,921,000 150,679,000 67.59

2013 Direct Premiums Written: +337,473,000 Growth: 5.60% 2013 Underwriting Performance Summary %

Reinsurance Assumed......................... 35,029,000 Reinsurance Ceded............................ 265,403,000 Net Premiums Written........................ 118,318,000 Net Premiums Earned........................ 118,063,000 Net Claims & Adj Exp......................... 108,996,000 Commissions........................................... –883,000 Taxes.................................................... 10,793,000 General Expenses................................ 23,887,000 Undwrwtg. Profit/Loss....................... –24,730,000 Investment Income............................... 25,989,000

Growth Rate (NPW)................................. –46.44 % of Market (NPW)..................................... 0.28 Earned Loss Ratio..................................... 92.32 Total Expense Ratio.................................. 28.63 Combined Loss & Exp. Ratio.................. 120.95 Return on Equity......................................... 3.10

Underwriting Result

2013: –$24,730,000 2012: –$17,196,000 2011: 2010: +$13,117,000 2009: +$24,675,000

AFFILIATED FM INSURANCE COMPANY

Net Prems Net Prems Net Claims Claims Written Earned Incurred Ratio

Prop. - Personal...................... 73,000 72,000 45,000 62.50 Prop. - Commercial................. 82,221,000 83,288,000 103,001,000 123.67 Prop - Total ............................ 82,294,000 83,360,000 103,046,000 123.62 Boiler/Mach-excld................... 8,158,000 8,942,000 3,031,000 33.90 Liability.................................... –8,000 0.00 Marine...................................... 1,235,000 1,412,000 127,000 8.99 ——————— ——————— ——————— ————— Total 2013................................ 91,687,000 93,714,000 106,196,000 113.32 Total 2012................................ 97,600,000 90,607,000 102,718,000 113.37 Total 2011................................ 82,822,000 78,743,000 38,193,000 48.50 Total 2010................................ 76,948,000 72,433,000 39,968,000 55.18 Total 2009................................ 65,091,000 64,446,000 36,658,000 56.88

+$129,000

B-US

Kenneth V Lavigne, Chief Agent 500-165 Commerce Valley Dr. W. Thornhill ON L3T 7V8 905-763-5555 Fax:905-763-5556 www.affiliatedfm.com

Class

B-US

2013 Direct Premiums Written: +110,023,000 Growth: –3.66% 2013 Underwriting Performance Summary %

Reinsurance Assumed........................................... Reinsurance Ceded.............................. 28,488,000 Net Premiums Written.......................... 91,687,000 Net Premiums Earned.......................... 93,714,000 Net Claims & Adj Exp......................... 106,196,000 Commissions.......................................... 3,241,000 Taxes...................................................... 4,542,000 General Expenses................................ 13,707,000 Undwrwtg. Profit/Loss....................... –33,983,000 Investment Income............................... 12,370,000

Growth Rate (NPW)................................... –6.06 % of Market (NPW)..................................... 0.21 Earned Loss Ratio................................... 113.32 Total Expense Ratio.................................. 22.93 Combined Loss & Exp. Ratio.................. 136.25 Return on Equity....................................... –9.34

Underwriting Result

2013: –$33,983,000 2012: –$29,776,000 2010: +$16,698,000 2009: +$10,476,000

2011: +$24,386,000

ALBERTA MOTOR ASSOCIATION D-C Katzell, Vice-President & Chief Operating Officer INSURANCE COMPANY Robert 11220 109 St NW Edmonton AB T5G 2T6 780-341-7766 Fax:780-341-7890 www.amainsurance.ca Class

Net Prems Net Prems Net Claims Claims Written Earned Incurred Ratio

Prop. - Personal...................... 58,780,000 55,779,000 58,906,000 105.61 Prop. - Commercial................. 2,369,000 2,383,000 989,000 41.50 Prop - Total ............................ 61,149,000 58,162,000 59,895,000 102.98 Auto. - Liability........................ 103,006,000 98,407,000 121,863,000 123.84 Auto. - Pers. Acc..................... 10,068,000 9,717,000 5,725,000 58.92 Auto. - Other............................ 103,793,000 101,013,000 42,203,000 41.78 Auto - Total ............................. 216,867,000 209,137,000 169,791,000 81.19 Accident & Sickness................ 1,202,000 1,160,000 552,000 47.59 ——————— ——————— ——————— ————— Total 2013................................ 279,218,000 268,459,000 230,238,000 85.76 Total 2012................................ 260,653,000 254,398,000 193,842,000 76.20 Total 2011................................ 251,083,000 246,754,000 191,970,000 77.80 Total 2010................................ 241,770,000 238,785,000 165,314,000 69.23 Total 2009................................ 239,485,000 236,060,000 165,448,000 70.09

80

2013 Direct Premiums Written: +292,805,000 Growth: 7.63% 2013 Underwriting Performance Summary %

Reinsurance Assumed........................................... Reinsurance Ceded.............................. 13,587,000 Net Premiums Written........................ 279,218,000 Net Premiums Earned........................ 268,459,000 Net Claims & Adj Exp......................... 230,238,000 Commissions........................................ 32,281,000 Taxes...................................................... 8,518,000 General Expenses................................ 31,235,000 Undwrwtg. Profit/Loss....................... –25,496,000 Investment Income............................... 27,300,000

Underwriting Result

Growth Rate (NPW)..................................... 7.12 % of Market (NPW)..................................... 0.65 Earned Loss Ratio..................................... 85.76 Total Expense Ratio.................................. 26.83 Combined Loss & Exp. Ratio.................. 112.59 Return on Equity......................................... 2.29

2013: –$25,496,000 2012: +$127,000 2011: 2010: +$18,319,000 2009: +$16,054,000

–$746,000

canadianunderwriter.ca CANADIAN UNDERWRITER STATISTICAL ISSUE 2014


Insurance for businesses, families and individuals | acegroup.com/ca

We are

insured.

What does it mean to be ACE insured? It means our companies are protected by an AA- rated insurer, one of the largest and strongest in the world. The people of ACE truly understand our risks and go out of their way to help us. We can rest assured knowing ACE is there when we need them.

© 2014 ACE Group. Coverages underwritten by one or more companies of the ACE Group. Not all coverages available in all jurisdictions. ACE®, ACE logo®, and ACE insured are trademarks of ACE Limited.


AIG INSURANCE COMPANY OF CANADA

B-US

Lynn Oldfield, Chief Executive Officer 1400 145 Wellington St. W. Toronto ON M5J 1H8 416-596-3000, Fax:416-977-2743 www.aig.ca Class

Net Prems Net Prems Net Claims Claims Written Earned Incurred Ratio

Prop. - Commercial................. 195,278,000 175,575,000 175,318,000 99.85 Prop - Total ............................ 195,278,000 175,575,000 175,318,000 99.85 Aircraft..................................... 8,282,000 8,324,000 10,489,000 126.01 Auto. - Liability........................ 19,421,000 18,952,000 18,791,000 99.15 Auto. - Pers. Acc..................... 8,856,000 9,066,000 2,270,000 25.04 Auto. - Other............................ 10,387,000 10,216,000 6,195,000 60.64 Auto - Total ............................. 38,664,000 38,234,000 27,256,000 71.29 Boiler/Mach-excld................... 5,751,000 5,954,000 –1,009,000 –16.95 Credit....................................... 6,556,000 5,948,000 426,000 7.16 Fidelity..................................... 10,228,000 10,689,000 7,159,000 66.98 Liability.................................... 219,443,000 226,021,000 59,409,000 26.28 Surety...................................... 9,940,000 8,249,000 1,574,000 19.08 Marine...................................... 3,247,000 4,554,000 297,000 6.52 Accident & Sickness................ 89,943,000 90,288,000 58,766,000 65.09 ——————— ——————— ——————— ————— Total 2013................................ 587,332,000 573,836,000 339,685,000 59.20 Total 2012................................ 539,317,000 563,174,000 301,576,000 53.55 Total 2011................................ 562,336,000 570,073,000 321,363,000 56.37 Total 2010................................ 586,596,000 585,002,000 412,742,000 70.55 Total 2009................................ 574,369,000 596,953,000 444,808,000 74.51

2013 Direct Premiums Written: +1,012,994,000 Growth: 6.24% 2013 Underwriting Performance Summary %

Reinsurance Assumed......................... 21,211,000 Reinsurance Ceded............................ 444,309,000 Net Premiums Written........................ 587,332,000 Net Premiums Earned........................ 573,836,000 Net Claims & Adj Exp......................... 339,685,000 Commissions........................................ 50,406,000 Taxes.................................................... 31,577,000 General Expenses................................ 74,179,000 Undwrwtg. Profit/Loss......................... 78,746,000 Investment Income............................. 139,048,000

Growth Rate (NPW)..................................... 8.90 % of Market (NPW)..................................... 1.37 Earned Loss Ratio..................................... 59.20 Total Expense Ratio.................................. 27.21 Combined Loss & Exp. Ratio.................... 86.41 Return on Equity....................................... 14.21

Underwriting Result

2013: +$78,746,000 2012: +$134,908,000 2010: +$51,075,000 2009: +$39,903,000

2011: +$118,096,000

ALLIANZ GLOBAL RISKS US INSURANCE COMPANY Kevin Leong, Chief Agent

D-US

1600 - 130 Adelaide St. W Toronto ON M5H 3P5 kevin.leong@agcs.allianz.com www.agcs.allianz.com

Class

Net Prems Net Prems Net Claims Claims Written Earned Incurred Ratio

Prop. - Commercial................. 52,163,000 65,491,000 90,234,000 137.78 Prop - Total ............................ 52,163,000 65,491,000 90,234,000 137.78 Aircraft..................................... 24,329,000 35,599,000 20,958,000 58.87 Auto. - Liability........................ –2,338,000 0.00 Auto. - Pers. Acc..................... –36,000 0.00 Auto. - Other............................ 62,000 99,000 84,000 84.85 Auto - Total ............................. 62,000 99,000 –2,290,000 –2,313.13 Boiler/Mach-excld................... 14,144,000 9,397,000 559,000 5.95 Liability.................................... 42,778,000 38,485,000 40,160,000 104.35 Marine...................................... 12,557,000 13,952,000 10,436,000 74.80 Accident & Sickness................ 1,000 1,000 3,000 300.00 ——————— ——————— ——————— ————— Total 2013................................ 146,034,000 163,024,000 160,060,000 98.18 Total 2012................................ 174,385,000 177,961,000 150,673,000 84.67 Total 2011................................ 167,156,000 163,711,000 138,425,000 84.55 Total 2010................................ 169,676,000 157,041,000 111,143,000 70.77 Total 2009................................ 143,586,000 132,687,000 92,957,000 70.06

2013 Direct Premiums Written: +263,406,000 Growth: –1.51% 2013 Underwriting Performance Summary %

Reinsurance Assumed......................... 38,666,000 Reinsurance Ceded............................ 161,540,000 Net Premiums Written........................ 146,034,000 Net Premiums Earned........................ 163,024,000 Net Claims & Adj Exp......................... 160,060,000 Commissions.......................................... 6,991,000 Taxes...................................................... 8,557,000 General Expenses................................ 27,671,000 Undwrwtg. Profit/Loss....................... –40,255,000 Investment Income............................... 13,444,000

Growth Rate (NPW)................................. –16.26 % of Market (NPW)..................................... 0.34 Earned Loss Ratio..................................... 98.18 Total Expense Ratio.................................. 26.51 Combined Loss & Exp. Ratio.................. 124.69 Return on Equity......................................... 6.81

Underwriting Result

2013: –$40,255,000 2012: –$13,920,000 2011: –$1,574,000 2010: +$15,441,000 2009: +$14,738,000

ALLSTATE INSURANCE COMPANY OF CANADA

D-US

John O’Donnell, President & Chief Executive Officer 27 Allstate Parkway Suite 100 Markham ON L3R 5P8 905-477-6900 Fax:905-475-4991 www.allstate.ca

Class

Net Prems Net Prems Net Claims Claims Written Earned Incurred Ratio

Prop. - Personal...................... 255,754,000 242,273,000 160,046,000 66.06 Prop. - Commercial................. 17,000 0.00 Prop - Total ............................ 255,754,000 242,273,000 160,063,000 66.07 Auto. - Liability........................ 443,214,000 423,225,000 280,661,000 66.31 Auto. - Pers. Acc..................... 250,800,000 239,138,000 122,487,000 51.22 Auto. - Other............................ 197,707,000 189,500,000 140,525,000 74.16 Auto - Total ............................. 891,721,000 851,863,000 543,673,000 63.82 Liability.................................... 171,000 0.00 Accident & Sickness................ 62,000 0.00 ——————— ——————— ——————— ————— Total 2013................................ 1,147,475,000 1,094,136,000 703,969,000 64.34 Total 2012................................ 1,041,006,000 991,392,000 621,399,000 62.68 Total 2011................................ 941,720,000 882,274,000 609,557,000 69.09 Total 2010................................ 618,365,000 577,775,000 393,174,000 68.05 Total 2009................................ 548,775,000 540,781,000 380,705,000 70.40

82

2013 Direct Premiums Written: +1,156,307,000 Growth: 9.65% 2013 Underwriting Performance Summary %

Reinsurance Assumed........................................... Reinsurance Ceded................................ 8,832,000 Net Premiums Written..................... 1,147,475,000 Net Premiums Earned..................... 1,094,136,000 Net Claims & Adj Exp......................... 703,969,000 Commissions...................................... 102,423,000 Taxes.................................................... 35,129,000 General Expenses.............................. 183,855,000 Undwrwtg. Profit/Loss......................... 93,977,000 Investment Income............................... 70,515,000

Underwriting Result

Growth Rate (NPW)................................... 10.23 % of Market (NPW)..................................... 2.67 Earned Loss Ratio..................................... 64.34 Total Expense Ratio.................................. 29.38 Combined Loss & Exp. Ratio.................... 93.72 Return on Equity....................................... 17.83

2013: +$93,977,000 2012: +$112,996,000 2010: +$19,080,000 2009: –$12,365,000

2011: +$36,022,000

canadianunderwriter.ca CANADIAN UNDERWRITER STATISTICAL ISSUE 2014


Foreign markets demystified. Hoi An market, Vietnam – Where AIG insurers have done business since 2005

In today’s world, business has no borders. Whether you are exploring new markets or expanding your presence in existing ones, you need a global insurance partner that knows local markets inside and out. With offices around the world, AIG’s global reach extends to virtually everywhere its clients do business. Learn more at www.AIG.ca

AIG Insurance Company of Canada is the licensed underwriter of AIG property casualty insurance products in Canada. Coverage may not be available in all provinces and territories and is subject to actual policy language. Non-insurance products and services may be provided by independent third parties. © American International Group, Inc. All rights reserved.


AMERICAN ROAD INSURANCE COMPANY Colleen Sexsmith, Chief Agent 1145 Nicholson Rd., Unit 2 Newmarket ON L3Y 9C3 905-853-0858 Fax:905-853-0183

Class

Net Prems Net Prems Net Claims Claims Written Earned Incurred Ratio

Auto. - Other............................ 7,417,000 7,417,000 6,825,000 92.02 Auto - Total ............................. 7,417,000 7,417,000 6,825,000 92.02 ——————— ——————— ——————— ————— Total 2013................................ 7,417,000 7,417,000 6,825,000 92.02 Total 2012................................ 6,697,000 6,697,000 6,708,000 100.16 Total 2011................................ 6,470,000 6,470,000 6,376,000 98.55 Total 2010................................ 5,886,000 5,886,000 5,934,000 100.82 Total 2009................................ 5,005,000 5,005,000 2,534,000 50.63

D-US

2013 Direct Premiums Written: +7,417,000 Growth: 10.75% 2013 Underwriting Performance Summary %

Reinsurance Assumed........................................... Reinsurance Ceded................................................ Net Premiums Written............................ 7,417,000 Net Premiums Earned............................ 7,417,000 Net Claims & Adj Exp............................. 6,825,000 Commissions.......................................................... Taxes......................................................... 265,000 General Expenses..................................... 569,000 Undwrwtg. Profit/Loss............................ –242,000 Investment Income.................................... 493,000

Growth Rate (NPW)................................... 10.75 % of Market (NPW)..................................... 0.02 Earned Loss Ratio..................................... 92.02 Total Expense Ratio.................................. 11.24 Combined Loss & Exp. Ratio.................. 103.26 Return on Equity......................................... 1.52

Underwriting Result

2013: –$242,000 2012: –$768,000 2011: –$577,000 2010: –$713,000 2009: +$1,797,000

ANTIGONISH FARMERS’ MUTUAL W.J. Chisholm, Manager INSURANCE COMPANY 188 Main St.

D-C

Antigonish NS B2G 2B9 902-863-3544 Fax:902-863-0664 www.antigonish-mutual.com wjc@antigonish-mutual.com Class

Net Prems Net Prems Net Claims Claims Written Earned Incurred Ratio

Prop. - Personal...................... 3,927,000 3,823,000 2,710,000 70.89 Prop - Total ............................ 3,927,000 3,823,000 2,710,000 70.89 Liability.................................... 461,000 446,000 121,000 27.13 ——————— ——————— ——————— ————— Total 2013................................ 4,388,000 4,269,000 2,831,000 66.32 Total 2012................................ 4,294,000 4,082,000 1,889,000 46.28 Total 2010................................ 3,633,000 3,435,000 2,589,000 75.37 Total 2009................................ 3,274,000 3,281,000 1,672,000 50.96

2013 Direct Premiums Written: +5,559,000 Growth: 3.17% 2013 Underwriting Performance Summary %

Reinsurance Assumed........................................... Reinsurance Ceded................................ 1,171,000 Net Premiums Written............................ 4,388,000 Net Premiums Earned............................ 4,269,000 Net Claims & Adj Exp............................. 2,831,000 Commissions............................................. 723,000 Taxes......................................................... 213,000 General Expenses.................................. 1,053,000 Undwrwtg. Profit/Loss............................ –410,000 Investment Income.................................... 615,000

Growth Rate (NPW)..................................... 2.19 % of Market (NPW)..................................... 0.01 Earned Loss Ratio..................................... 66.32 Total Expense Ratio.................................. 46.59 Combined Loss & Exp. Ratio.................. 112.91 Return on Equity................................................

Underwriting Result

2013: –$410,000 2012: +$487,000 2010: –$1,028,000

ARCH INSURANCE (CANADA)

Gerry Wolfe, President & Chief Executive Officer 77 King St W Suite 3600 PO Box 308 Toronto ON M5K 1K2 416-309-8100, Fax:416-309-8150 www.archinsurance.com

Class

Net Prems Net Prems Net Claims Claims Written Earned Incurred Ratio

Prop. - Personal...................... 1,962,000 2,948,000 –3,645,000 –123.64 Prop. - Commercial................. 4,412,000 12,824,000 15,956,000 124.42 Prop - Total ............................ 6,374,000 15,772,000 12,311,000 78.06 Aircraft..................................... –96,000 0.00 Auto. - Liability........................ 1,060,000 1,990,000 24,210,000 1,216.58 Auto. - Pers. Acc..................... 447,000 1,403,000 13,158,000 937.85 Auto. - Other............................ 389,000 1,109,000 653,000 58.88 Auto - Total ............................. 1,896,000 4,502,000 38,021,000 844.54 Credit Protection..................... 3,515,000 11,296,000 50,000 0.44 Fidelity..................................... 47,000 28,000 190,000 678.57 Liability.................................... 5,192,000 14,825,000 8,921,000 60.18 Surety...................................... 923,000 1,191,000 4,219,000 354.24 Title.......................................... 9,000 9,000 –8,000 –88.89 Marine...................................... –24,000 0.00 ——————— ——————— ——————— ————— Total 2013................................ 17,956,000 47,623,000 63,584,000 133.52 Total 2012................................ 82,729,000 75,068,000 66,355,000 88.39 Total 2011................................ 69,286,000 62,484,000 46,972,000 75.17 Total 2010................................ 53,806,000 44,227,000 23,311,000 52.71 Total 2009................................ 36,494,000 32,147,000 17,658,000 54.93

84

B-F

2013 Direct Premiums Written: +89,578,000 Growth: –31.54% 2013 Underwriting Performance Summary %

Reinsurance Assumed......................... 38,337,000 Reinsurance Ceded............................ 110,142,000 Net Premiums Written.......................... 17,956,000 Net Premiums Earned.......................... 47,623,000 Net Claims & Adj Exp........................... 63,584,000 Commissions........................................ 39,294,000 Taxes...................................................... 3,731,000 General Expenses................................ 28,930,000 Undwrwtg. Profit/Loss....................... –41,707,000 Investment Income................................. 5,788,000

Growth Rate (NPW)................................. –78.30 % of Market (NPW)..................................... 0.04 Earned Loss Ratio................................... 133.52 Total Expense Ratio................................ 151.09 Combined Loss & Exp. Ratio.................. 284.61 Return on Equity..................................... –34.38

Underwriting Result

2013: –$41,707,000 2012: –$14,727,000 2011: –$1,495,000 2010: +$8,350,000 2009: +$6,094,000

canadianunderwriter.ca CANADIAN UNDERWRITER STATISTICAL ISSUE 2014


ASSOCIATED ELECTRIC & GAS INSURANCE SERVICES LTD.

D-F

J Brian Reeve, Chief Agent Jesse Benton, Contact 2100-40 King St W Toronto ON M5H 3C2 416-869-5745 Fax:416-350-6955

Class

Net Prems Net Prems Net Claims Claims Written Earned Incurred Ratio

Prop. - Commercial................. 4,852,000 4,330,000 1,529,000 35.31 Prop - Total ............................ 4,852,000 4,330,000 1,529,000 35.31 Liability.................................... 17,234,000 15,538,000 16,050,000 103.30 Marine...................................... 159,000 159,000 15,000 9.43 ——————— ——————— ——————— ————— Total 2013................................ 22,245,000 20,027,000 17,594,000 87.85 Total 2012................................ 16,821,000 19,546,000 9,530,000 48.76

2013 Direct Premiums Written: +40,173,000 Growth: 99.83% 2013 Underwriting Performance Summary %

Reinsurance Assumed........................................... Reinsurance Ceded.............................. 17,928,000 Net Premiums Written.......................... 22,245,000 Net Premiums Earned.......................... 20,027,000 Net Claims & Adj Exp........................... 17,594,000 Commissions.........................................-2,144,000 Taxes......................................................... 770,000 General Expenses.................................. 5,837,000 Undwrwtg. Profit/Loss......................... –2,646,000 Investment Income................................. 1,121,000

Growth Rate (NPW)................................... 32.25 % of Market (NPW)..................................... 0.05 Earned Loss Ratio..................................... 87.85 Total Expense Ratio.................................. 22.28 Combined Loss & Exp. Ratio.................. 110.13 Return on Equity................................................

Underwriting Result

2013: –$2,646,000 2012: +$5,541,000

ATRADIUS CREDIT INSURANCE N.V.

D-F

Ian Miller, Chief Agent for Canada Anthony Alfonso, Senior Accountant 83 Little Bridge St. Unit 12 PO Box 1346 Almonte ON K0A 1A0 613-256-5035 Fax:613-256-9133

Class

Net Prems Net Prems Net Claims Claims Written Earned Incurred Ratio

Credit....................................... 3,727,000 3,558,000 1,817,000 51.07 ——————— ——————— ——————— ————— Total 2013................................ 3,727,000 3,558,000 1,817,000 51.07 Total 2012................................ 4,087,000 3,811,000 175,000 4.59 Total 2011................................ 4,227,000 4,127,000 –654,000 –15.85

2013 Direct Premiums Written: +10,865,000 Growth: –10.33% 2013 Underwriting Performance Summary %

Reinsurance Assumed........................................... Reinsurance Ceded................................ 7,138,000 Net Premiums Written............................ 3,727,000 Net Premiums Earned............................ 3,558,000 Net Claims & Adj Exp............................. 1,817,000 Commissions........................................... –939,000 Taxes......................................................... 413,000 General Expenses.................................. 3,781,000 Undwrwtg. Profit/Loss......................... –1,349,000 Investment Income...................................... 46,000

Growth Rate (NPW)................................... –8.81 % of Market (NPW)..................................... 0.01 Earned Loss Ratio..................................... 51.07 Total Expense Ratio.................................. 91.48 Combined Loss & Exp. Ratio.................. 142.55 Return on Equity....................................... 12.63

Underwriting Result

2013: –$1,349,000 2012: +$1,087,000 2011: +$2,815,000

CANADIAN UNDERWRITER STATISTICAL ISSUE 2014

85


AVIVA CANADA INC. AVIVA INSURANCE COMPANY OF CANADA TRADERS GENERAL INSURANCE COMPANY SCOTTISH & YORK INSURANCE CO. LIMITED ELITE INSURANCE COMPANY S&Y INSURANCE COMPANY PILOT INSURANCE COMPANY Class

Net Prems Net Prems Net Claims Claims Written Earned Incurred Ratio

Prop. - Personal...................... 707,986,000 690,367,000 455,603,000 65.99 Prop. - Commercial................. 512,903,000 482,896,000 362,709,000 75.11 Prop - Total ............................ 1,220,889,000 1,173,263,000 818,312,000 69.75 Auto. - Liability........................ 878,885,000 860,975,000 630,525,000 73.23 Auto. - Pers. Acc..................... 445,360,000 439,870,000 108,776,000 24.73 Auto. - Other............................ 606,848,000 593,749,000 447,739,000 75.41 Auto - Total ............................. 1,931,093,000 1,894,594,000 1,187,040,000 62.65 Boiler/Mach-excld................... 31,393,000 29,520,000 8,795,000 29.79 Fidelity..................................... 797,000 796,000 –42,000 –5.28 Liability.................................... 339,497,000 333,439,000 139,167,000 41.74 Surety...................................... 59,342,000 65,966,000 20,881,000 31.65 Marine...................................... 38,776,000 36,795,000 16,234,000 44.12 Accident & Sickness................ 654,000 601,000 301,000 50.08 ——————— ——————— ——————— ————— Total 2013................................ 3,622,441,000 3,534,974,000 2,190,688,000 61.97 Total 2012................................ 3,437,983,000 3,388,615,000 2,099,962,000 61.97 Total 2011................................ 3,291,024,000 3,218,052,000 2,116,459,000 65.77 Total 2010................................ 3,132,910,000 3,178,768,000 2,081,272,000 65.47 Total 2009................................ 3,222,686,000 3,162,316,000 2,280,725,000 72.12

B-UK Greg Somerville, President & Chief Executive Officer 2206 Eglinton Ave. E. Scarborough ON M1L 4S8 416-288-1800 Fax:416-288-9756 www.avivacanada.com

2013 Direct Premiums Written: +3,732,302,000 Growth: 5.10% 2013 Underwriting Performance Summary %

Reinsurance Assumed.............................. 864,000 Reinsurance Ceded............................ 110,732,000 Net Premiums Written..................... 3,622,441,000 Net Premiums Earned..................... 3,534,974,000 Net Claims & Adj Exp...................... 2,190,688,000 Commissions...................................... 722,936,000 Taxes.................................................. 119,671,000 General Expenses.............................. 297,109,000 Undwrwtg. Profit/Loss....................... 204,569,000 Investment Income............................... 87,590,000

Underwriting Result

2013: +$204,569,000 2010: +$52,202,000

Growth Rate (NPW)..................................... 5.37 % of Market (NPW)..................................... 8.42 Earned Loss Ratio..................................... 61.97 Total Expense Ratio.................................. 32.24 Combined Loss & Exp. Ratio.................... 94.21 Return on Equity....................................... 12.50

2012: +$166,046,000 2009: –$153,745,000

BERKLEY INSURANCE COMPANY

2011: +$87,209,000

B-US

Andrew P Steen, Chief Agent 145 King St W., Suite 1000 Toronto ON M5H 1J8 416-304-1178 Fax:416-304-4108 www.berkleycanada.com Class

Net Prems Net Prems Net Claims Claims Written Earned Incurred Ratio

Prop. - Commercial................. 3,711,000 3,164,000 3,266,000 103.22 Prop - Total ............................ 3,711,000 3,164,000 3,266,000 103.22 Aircraft..................................... 436,000 349,000 2,000 0.57 Auto. - Liability........................ 96,000 141,000 Auto - Total ............................. 96,000 141,000 0 0.00 Boiler/Mach-excld................... 21,000 0.00 Fidelity..................................... 703,000 723,000 248,000 34.30 Liability.................................... 38,493,000 38,274,000 31,984,000 83.57 Surety...................................... 1,581,000 1,704,000 450,000 26.41 Marine...................................... –305,000 –274,000 –53,000 19.34 ——————— ——————— ——————— ————— Total 2013................................ 44,715,000 44,081,000 35,918,000 81.48 Total 2012................................ 43,244,000 42,940,000 31,848,000 74.17 Total 2011................................ 40,767,000 34,325,000 21,509,000 62.66 Total 2010................................ 25,830,000 21,003,000 8,803,000 41.91

2013 Direct Premiums Written: +49,757,000 Growth: 16.21% 2013 Underwriting Performance Summary %

Reinsurance Assumed........................... 7,108,000 Reinsurance Ceded.............................. 11,752,000 Net Premiums Written.......................... 44,715,000 Net Premiums Earned.......................... 44,081,000 Net Claims & Adj Exp........................... 35,918,000 Commissions........................................ 10,002,000 Taxes...................................................... 1,636,000 General Expenses................................ 12,335,000 Undwrwtg. Profit/Loss....................... –15,603,000 Investment Income................................. 1,768,000

Growth Rate (NPW)..................................... 3.40 % of Market (NPW)..................................... 0.10 Earned Loss Ratio..................................... 81.48 Total Expense Ratio.................................. 54.38 Combined Loss & Exp. Ratio.................. 135.86 Return on Equity..................................... –20.10

Underwriting Result

2013: –$15,603,000 2012: –$9,547,000 2011: –$5,207,000 2010: +$331,000

THE BOILER INSPECTION AND INSURANCE B-US COMPANY OF CANADA John Mulvihill, President & Chief Executive Officer 250 Yonge St Suite 3000 Toronto ON M5B 2L7 416-363-5491 Fax:416-363-0538 www.biico.com corporate@biico.com

Class

Net Prems Net Prems Net Claims Claims Written Earned Incurred Ratio

Prop. - Personal...................... 893,000 850,000 88,000 10.35 Prop. - Commercial................. 3,199,000 2,740,000 1,190,000 43.43 Prop - Total ............................ 4,092,000 3,590,000 1,278,000 35.60 Boiler/Mach-excld................... 88,114,000 85,404,000 27,058,000 31.68 ——————— ——————— ——————— ————— Total 2013................................ 92,206,000 88,994,000 28,336,000 31.84 Total 2012................................ 87,794,000 95,235,000 24,910,000 26.16 Total 2011................................ 101,502,000 98,197,000 25,592,000 26.06 Total 2010................................ 95,944,000 94,939,000 21,624,000 22.78 Total 2009................................ 90,670,000 90,010,000 24,783,000 27.53

2013 Direct Premiums Written: +31,401,000 Growth: 10.81% 2013 Underwriting Performance Summary %

Reinsurance Assumed......................... 64,465,000 Reinsurance Ceded................................ 3,716,000 Net Premiums Written.......................... 92,206,000 Net Premiums Earned.......................... 88,994,000 Net Claims & Adj Exp........................... 28,336,000 Commissions........................................ 22,371,000 Taxes...................................................... 1,052,000 General Expenses................................ 19,905,000 Undwrwtg. Profit/Loss......................... 17,330,000 Investment Income................................. 4,171,000

Underwriting Result

Growth Rate (NPW)..................................... 5.03 % of Market (NPW)..................................... 0.21 Earned Loss Ratio..................................... 31.84 Total Expense Ratio.................................. 48.69 Combined Loss & Exp. Ratio.................... 80.53 Return on Equity....................................... 20.50

2013: +$17,330,000 2012: +$22,351,000 2010: +$26,460,000 2009: +$16,513,000

86

2011: +$21,821,000

canadianunderwriter.ca CANADIAN UNDERWRITER STATISTICAL ISSUE 2014


Supporting collaboration When it comes to doing business, we believe our partnership is defined by both the big things and the little things we do. That’s why we strive to bring you bolder products and better services every day for your customers. Through marketing and education opportunities like Customer Connections and the Schulich Business Executive Program, along with system improvements such as E-docs, BMS connectivity and LeisureQuote, we’re focused on helping you win in the marketplace. Commitment counts. Be certain with Aviva.

AvivaPartner.ca Home | Auto | Leisure & Lifestyle | Business | Group | Surety *Aviva and the Aviva logo are trademarks used under license by the licensor.


CAA INSURANCE COMPANY (ONTARIO)

D-C

Jay Woo, President 60 Commerce Valley Dr. E. Thornhill ON L3T 7P9 905-771-3000 Fax:905-771-3463 Class

Net Prems Net Prems Net Claims Claims Written Earned Incurred Ratio

Prop. - Personal...................... 30,551,000 28,648,000 16,181,000 56.48 Prop - Total ............................ 30,551,000 28,648,000 16,181,000 56.48 Auto. - Liability........................ 65,217,000 62,892,000 41,831,000 66.51 Auto. - Pers. Acc..................... 48,720,000 49,954,000 27,203,000 54.46 Auto. - Other............................ 25,427,000 24,558,000 14,924,000 60.77 Auto - Total ............................. 139,364,000 137,404,000 83,958,000 61.10 Accident & Sickness................ 27,331,000 25,962,000 12,795,000 49.28 ——————— ——————— ——————— ————— Total 2013................................ 197,246,000 192,014,000 112,934,000 58.82 Total 2012................................ 183,875,000 179,955,000 106,343,000 59.09 Total 2011................................ 168,742,000 156,531,000 103,248,000 65.96 Total 2010................................ 145,862,000 138,648,000 94,029,000 67.82 Total 2009................................ 130,203,000 128,923,000 106,475,000 82.59

2013 Direct Premiums Written: +205,836,000 Growth: 11.26% 2013 Underwriting Performance Summary %

Reinsurance Assumed................................ 81,000 Reinsurance Ceded................................ 8,681,000 Net Premiums Written........................ 197,246,000 Net Premiums Earned........................ 192,014,000 Net Claims & Adj Exp......................... 112,934,000 Commissions.......................................... 6,989,000 Taxes...................................................... 5,855,000 General Expenses................................ 51,590,000 Undwrwtg. Profit/Loss......................... 18,892,000 Investment Income............................... 11,628,000

Growth Rate (NPW)..................................... 7.27 % of Market (NPW)..................................... 0.46 Earned Loss Ratio..................................... 58.82 Total Expense Ratio.................................. 33.56 Combined Loss & Exp. Ratio.................... 92.38 Return on Equity....................................... 20.57

Underwriting Result

2013: +$18,892,000 2012: +$11,221,000 2010: –$3,790,000 2009: –$23,183,000

2011:

CANADIAN DIRECT INSURANCE

Suite 600-750 Cambie Street Vancouver BC V6B 0A2 604-699-3838 Fax:604-699-3860 www.canadiandirect.com insurancegeneral@canadiandirect.ca

Class

Net Prems Net Prems Net Claims Claims Written Earned Incurred Ratio

Prop. - Personal...................... 36,189,000 34,538,000 27,187,000 78.72 Prop - Total ............................ 36,189,000 34,538,000 27,187,000 78.72 Auto. - Liability........................ 34,734,000 33,679,000 24,020,000 71.32 Auto. - Pers. Acc..................... 3,428,000 3,273,000 1,710,000 52.25 Auto. - Other............................ 54,312,000 53,620,000 35,020,000 65.31 Auto - Total ............................. 92,474,000 90,572,000 60,750,000 67.07 Liability.................................... 1,853,000 1,715,000 279,000 16.27 ——————— ——————— ——————— ————— Total 2013................................ 130,516,000 126,825,000 88,216,000 69.56 Total 2012................................ 125,410,000 123,204,000 84,592,000 68.66 Total 2011................................ 120,772,000 117,632,000 76,221,000 64.80 Total 2010................................ 115,505,000 111,368,000 69,791,000 62.67 Total 2009................................ 109,571,000 104,063,000 69,851,000 67.12

–$289,000

D-C

2013 Direct Premiums Written: +140,492,000 Growth: 4.25% 2013 Underwriting Performance Summary %

Reinsurance Assumed........................................... Reinsurance Ceded................................ 9,976,000 Net Premiums Written........................ 130,516,000 Net Premiums Earned........................ 126,825,000 Net Claims & Adj Exp........................... 88,216,000 Commissions.......................................... 1,743,000 Taxes...................................................... 5,267,000 General Expenses................................ 30,752,000 Undwrwtg. Profit/Loss........................... 2,916,000 Investment Income................................. 7,190,000

Growth Rate (NPW)..................................... 4.07 % of Market (NPW)..................................... 0.30 Earned Loss Ratio..................................... 69.56 Total Expense Ratio.................................. 29.77 Combined Loss & Exp. Ratio.................... 99.33 Return on Equity....................................... 11.64

Underwriting Result

2013: +$2,916,000 2012: +$4,855,000 2011: +$8,102,000 2010: +$10,068,000 2009: +$6,506,000

LA CAPITALE ASSURANCES GENERALES INC.

D-C

Constance Lemieux, Presidente et chef de l’exploitation 625 St Amable 3e etage, CP Box 17100 Québec QC G1R 2G5 418-747-7575 Fax:418-643-6598 Class

Net Prems Net Prems Net Claims Claims Written Earned Incurred Ratio

Prop. - Personal...................... 158,312,000 147,963,000 92,209,000 62.32 Prop. - Commercial................. 36,679,000 35,524,000 25,491,000 71.76 Prop - Total ............................ 194,991,000 183,487,000 117,700,000 64.15 Auto. - Liability........................ 136,801,000 124,700,000 64,816,000 51.98 Auto. - Pers. Acc..................... 19,392,000 19,170,000 11,607,000 60.55 Auto. - Other............................ 191,085,000 164,003,000 109,744,000 66.92 Auto - Total ............................. 347,278,000 307,873,000 186,167,000 60.47 Legal Expense......................... 4,324,000 4,001,000 3,906,000 97.63 Liability.................................... 9,246,000 12,327,000 8,349,000 67.73 Surety...................................... 6,363,000 6,363,000 14,923,000 234.53 ——————— ——————— ——————— ————— Total 2013................................ 562,202,000 514,051,000 331,045,000 64.40 Total 2012................................ 516,810,000 482,373,000 286,740,000 59.44 Total 2011................................ 500,498,000 463,159,000 279,078,000 60.26 Total 2010................................ 448,792,000 421,999,000 270,594,000 64.12 Total 2009................................ 423,955,000 397,577,000 262,009,000 65.90

88

2013 Direct Premiums Written: +544,943,000 Growth: 6.93% 2013 Underwriting Performance Summary %

Reinsurance Assumed....................... 194,405,000 Reinsurance Ceded............................ 177,146,000 Net Premiums Written........................ 562,202,000 Net Premiums Earned........................ 514,051,000 Net Claims & Adj Exp......................... 331,045,000 Commissions........................................ 70,284,000 Taxes.................................................... 16,504,000 General Expenses.............................. 114,737,000 Undwrwtg. Profit/Loss....................... –19,934,000 Investment Income............................... 22,036,000

Underwriting Result

Growth Rate (NPW)..................................... 8.78 % of Market (NPW)..................................... 1.31 Earned Loss Ratio..................................... 64.40 Total Expense Ratio.................................. 39.20 Combined Loss & Exp. Ratio.................. 103.60 Return on Equity......................................... 5.21

2013: –$19,934,000 2012: +$11,240,000 2010: +$19,840,000 2009: +$15,412,000

2011: +$15,744,000

canadianunderwriter.ca CANADIAN UNDERWRITER STATISTICAL ISSUE 2014


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CHICAGO TITLE INSURANCE COMPANY CANADA 55 Superior Blvd Mississauga ON L5T 2X9 Toll Free 877-717-2750 www.ctic.ca

Class

Net Prems Net Prems Net Claims Claims Written Earned Incurred Ratio

Title.......................................... 26,027,000 26,027,000 9,139,000 35.11 ——————— ——————— ——————— ————— Total 2013................................ 26,027,000 26,027,000 9,139,000 35.11

2013 Direct Premiums Written: +25,856,000 Growth: 0.00% 2013 Underwriting Performance Summary %

Reinsurance Assumed.............................. 250,000 Reinsurance Ceded..................................... 79,000 Net Premiums Written.......................... 26,027,000 Net Premiums Earned.......................... 26,027,000 Net Claims & Adj Exp............................. 9,139,000 Commissions........................................ 10,844,000 Taxes...................................................... 1,112,000 General Expenses.................................. 1,672,000 Undwrwtg. Profit/Loss........................... 3,288,000 Investment Income.................................... 782,000

Growth Rate (NPW)..................................... 0.00 % of Market (NPW)..................................... 0.06 Earned Loss Ratio..................................... 35.11 Total Expense Ratio.................................. 52.36 Combined Loss & Exp. Ratio.................... 87.47 Return on Equity....................................... 10.69

Underwriting Result

2013: +$3,288,000

CHUBB INSURANCE COMPANY OF CANADA

B-US

Ellen J. Moore, President 1 Adelaide St. E. Toronto ON M5C 2V9 416-863-0550 Fax:416-863-3144 Class

Net Prems Net Prems Net Claims Claims Written Earned Incurred Ratio

Prop. - Personal...................... 211,219,000 208,609,000 235,947,000 113.10 Prop. - Commercial................. 61,940,000 63,940,000 46,177,000 72.22 Prop - Total ............................ 273,159,000 272,549,000 282,124,000 103.51 Aircraft..................................... –10,000 0.00 Auto. - Liability........................ 38,533,000 37,614,000 27,432,000 72.93 Auto. - Pers. Acc..................... 9,460,000 8,969,000 6,467,000 72.10 Auto. - Other............................ 31,399,000 31,178,000 17,464,000 56.01 Auto - Total ............................. 79,392,000 77,761,000 51,363,000 66.05 Boiler/Mach-excld................... 5,196,000 4,904,000 24,000 0.49 Fidelity..................................... 19,786,000 19,499,000 19,769,000 101.38 Liability.................................... 192,335,000 198,116,000 86,579,000 43.70 Surety...................................... 10,475,000 12,604,000 6,000 0.05 Marine...................................... 1,691,000 1,810,000 613,000 33.87 Accident & Sickness................ 11,567,000 11,517,000 6,401,000 55.58 ——————— ——————— ——————— ————— Total 2013................................ 593,601,000 598,760,000 446,869,000 74.63 Total 2012................................ 605,175,000 609,830,000 285,927,000 46.89 Total 2011................................ 615,310,000 605,021,000 351,212,000 58.05 Total 2010................................ 598,135,000 601,292,000 197,092,000 32.78 Total 2009................................ 607,834,000 618,997,000 351,432,000 56.77

2013 Direct Premiums Written: +641,560,000 Growth: –1.08% 2013 Underwriting Performance Summary %

Reinsurance Assumed........................... 5,787,000 Reinsurance Ceded.............................. 59,249,000 Net Premiums Written........................ 593,601,000 Net Premiums Earned........................ 598,760,000 Net Claims & Adj Exp......................... 446,869,000 Commissions........................................ 95,087,000 Taxes.................................................... 21,791,000 General Expenses................................ 85,964,000 Undwrwtg. Profit/Loss....................... –50,951,000 Investment Income............................... 54,697,000

Underwriting Result

2013: –$50,951,000 2010: +$211,083,000

Growth Rate (NPW)................................... –1.91 % of Market (NPW)..................................... 1.38 Earned Loss Ratio..................................... 74.63 Total Expense Ratio.................................. 33.88 Combined Loss & Exp. Ratio.................. 108.51 Return on Equity......................................... 0.39

2012: +$121,663,000 2009: +$74,215,000

2011: +$54,046,000

CLARE MUTUAL INSURANCE COMPANY

D-C

Janice Belliveau, President Belliveau Cove Digby County NS B0W 1J0 902-837-4597 Fax:902-837-7745 Class

Net Prems Net Prems Net Claims Claims Written Earned Incurred Ratio

Prop. - Personal...................... 1,710,000 1,616,000 900,000 55.69 Prop. - Commercial................. 155,000 202,000 50,000 24.75 Prop - Total ............................ 1,865,000 1,818,000 950,000 52.26 Liability.................................... 7,000 24,000 –108,000 –450.00 ——————— ——————— ——————— ————— Total 2013................................ 1,872,000 1,842,000 842,000 45.71 Total 2012................................ 1,113,000 1,075,000 876,000 81.49 Total 2011................................ 994,000 922,000 592,000 64.21 Total 2010................................ 944,000 907,000 481,000 53.03 Total 2009................................ 942,000 914,000 301,000 32.93

2013 Direct Premiums Written: +2,914,000 Growth: 1.96% 2013 Underwriting Performance Summary %

Reinsurance Assumed........................................... Reinsurance Ceded................................ 1,042,000 Net Premiums Written............................ 1,872,000 Net Premiums Earned............................ 1,842,000 Net Claims & Adj Exp................................ 842,000 Commissions............................................. 297,000 Taxes...................................................................... General Expenses..................................... 962,000 Undwrwtg. Profit/Loss............................ –151,000 Investment Income.................................... 146,000

Underwriting Result

Growth Rate (NPW)................................... 68.19 % of Market (NPW)..................................... 0.00 Earned Loss Ratio..................................... 45.71 Total Expense Ratio.................................. 68.35 Combined Loss & Exp. Ratio.................. 114.06 Return on Equity......................................... 2.96

2013: –$151,000 2012: –$691,000 2011: 2010: –$131,000 2009: –$18,000

90

–$94,000

canadianunderwriter.ca CANADIAN UNDERWRITER STATISTICAL ISSUE 2014


Chubb Creates Certainty. From left to right: Indira Ramdial, Unit Manager; Giovanni Damiano, SVP, Canadian Zone Claims Manager; Laila Brabander, AVP, Canadian Zone Specialty Claims Manager

Chubb Claims Service. Prompt attention. Fair settlement. Accurate damage assessment. An overwhelming 96% of our Personal Insurance customers surveyed throughout 2013 were very satisfied with our Claims Service.

At Chubb, we have built our name and reputation on our core values of honesty, fairness, empathy and integrity. We endeavour to contact our customers within 24 hours of the first notice of loss and to pay the claim within 48 hours of settlement.

We’re here when you need us most. chubbinsurance.com


CNA CANADA

Gary J Owcar, Chief Agent, President & COO 250 Yonge St., Suite 1500 Toronto ON M5B 2L7 416-542-7300, Fax:416-542-7360 www.cnacanada.ca

CONTINENTAL CASUALTY COMPANY

Class

Net Prems Net Prems Net Claims Claims Written Earned Incurred Ratio

Prop. - Personal...................... 479,000 410,000 –257,000 –62.68 Prop. - Commercial................. 67,421,000 62,995,000 39,606,000 62.87 Prop - Total ............................ 67,900,000 63,405,000 39,349,000 62.06 Aircraft..................................... 2,000 2,000 –54,000 –2,700.00 Auto. - Liability........................ 15,936,000 15,829,000 14,001,000 88.45 Auto. - Pers. Acc..................... 2,688,000 2,500,000 1,566,000 62.64 Auto. - Other............................ 8,453,000 7,812,000 6,222,000 79.65 Auto - Total ............................. 27,077,000 26,141,000 21,789,000 83.35 Boiler/Mach-excld................... 239,000 203,000 –109,000 –53.69 Fidelity..................................... 523,000 450,000 249,000 55.33 Liability.................................... 147,624,000 146,154,000 84,467,000 57.79 Surety...................................... 3,136,000 5,201,000 18,754,000 360.58 Marine...................................... 37,728,000 36,686,000 18,256,000 49.76 Accident & Sickness................ 16,000 0.0 ——————— ——————— ——————— ————— Total 2013................................ 284,229,000 278,242,000 182,717,000 65.67 Total 2012................................ 281,226,000 265,810,000 159,675,000 60.07 Total 2011................................ 244,604,000 241,470,000 149,694,000 61.99 Total 2010................................ 236,489,000 233,840,000 133,618,000 57.14 Total 2009................................ 225,350,000 228,776,000 121,169,000 52.96

B-US

2013 Direct Premiums Written: +286,603,000 Growth: 3.64% 2013 Underwriting Performance Summary %

Reinsurance Assumed........................... 9,543,000 Reinsurance Ceded.............................. 16,933,000 Net Premiums Written........................ 284,229,000 Net Premiums Earned........................ 278,242,000 Net Claims & Adj Exp......................... 182,717,000 Commissions........................................ 58,233,000 Taxes...................................................... 8,206,000 General Expenses................................ 24,539,000 Undwrwtg. Profit/Loss........................... 4,310,000 Investment Income............................... 31,031,000

Growth Rate (NPW)..................................... 1.07 % of Market (NPW)..................................... 0.66 Earned Loss Ratio..................................... 65.67 Total Expense Ratio.................................. 32.70 Combined Loss & Exp. Ratio.................... 98.37 Return on Equity......................................... 7.81

Underwriting Result

2013: +$4,310,000 2012: +$22,910,000 2010: +$23,499,000 2009: +$29,870,000

2011: +$8,713,000

CO-OPERATIVE HAIL INSURANCE COMPANY LIMITED Nick S Gayton, Chief Executive Officer

D-C

Box 777, 2709-13th Ave. Regina SK S4P 3A8 306-522-8891 Fax:306-352-9130 ngaytom@coophail.com Class

Net Prems Net Prems Net Claims Claims Written Earned Incurred Ratio

Hail.......................................... 34,021,000 34,021,000 13,959,000 41.03 ——————— ——————— ——————— ————— Total 2013................................ 34,021,000 34,021,000 13,959,000 41.03 Total 2012................................ 32,861,000 0 25,015,000 Total 2011................................ 31,537,000 31,537,000 20,446,000 64.83 Total 2010................................ 33,491,000 33,491,000 21,889,000 65.36 Total 2009................................ 25,593,000 25,593,000 4,426,000 17.29

2013 Direct Premiums Written: +54,682,000 Growth: 4.03% 2013 Underwriting Performance Summary %

Reinsurance Assumed........................................... Reinsurance Ceded.............................. 20,661,000 Net Premiums Written.......................... 34,021,000 Net Premiums Earned.......................... 34,021,000 Net Claims & Adj Exp........................... 13,959,000 Commissions............................................. 362,000 Taxes...................................................... 1,476,000 General Expenses.................................. 2,495,000 Undwrwtg. Profit/Loss......................... 15,731,000 Investment Income................................. 2,364,000

Growth Rate (NPW)..................................... 3.53 % of Market (NPW)..................................... 0.08 Earned Loss Ratio..................................... 41.03 Total Expense Ratio.................................. 12.74 Combined Loss & Exp. Ratio.................... 53.77 Return on Equity....................................... 24.62

Underwriting Result

2013: +$15,731,000 2012: +$2,734,000 2011: +$3,927,000 2010: +$6,021,000 2009: +$18,987,000

CO-OPERATORS GENERAL INSURANCE COMPANY (CONSOLIDATED) CO-OPERATORS GENERAL INSURANCE COCOSECO INSURANCE COMPANY L’EQUITABLE COMPAGNIE D’ASSURANCES GENERALES SOVEREIGN GENERAL INSURANCE COMPANY Class

Net Prems Net Prems Net Claims Claims Written Earned Incurred Ratio

Prop. - Personal...................... 547,965,000 522,649,000 417,677,000 79.92 Prop. - Commercial................. 296,916,000 306,579,000 251,522,000 82.04 Prop - Total ............................ 844,881,000 829,228,000 669,199,000 80.70 Auto. - Liability........................ 528,156,000 516,877,000 303,164,000 58.65 Auto. - Pers. Acc..................... 189,776,000 187,700,000 170,849,000 91.02 Auto. - Other............................ 305,622,000 297,136,000 234,228,000 78.83 Auto - Total ............................. 1,023,554,000 1,001,713,000 708,241,000 70.70 Boiler/Mach-excld................... 646,000 287,000 Fidelity..................................... 1,905,000 1,948,000 593,000 30.44 Liability.................................... 200,123,000 190,333,000 68,676,000 36.08 Surety...................................... 9,222,000 9,505,000 6,864,000 72.21 Marine...................................... 15,424,000 14,912,000 6,514,000 43.68 Accident & Sickness................ 200,000 167,000 39,000 23.35 ——————— ——————— ——————— ————— Total 2013................................ 2,095,955,000 2,048,093,000 1,460,126,000 71.29 Total 2012................................ 2,023,203,000 1,995,585,000 1,254,318,000 62.85 Total 2011................................ 2,229,026,000 2,174,264,000 1,413,273,000 65.00 Total 2010................................ 2,131,290,000 2,099,662,000 1,476,167,000 70.30 Total 2009................................ 2,099,371,000 2,037,792,000 1,435,749,000 70.46

92

D-C

Katherine Bardswick, President & C.E.O. Priory Square Guelph ON N1H 6P8 519-824-4400 Fax:519-837-0231

2013 Direct Premiums Written: +2,172,301,000 Growth: 4.17% 2013 Underwriting Performance Summary %

Reinsurance Assumed......................... 10,749,000 Reinsurance Ceded.............................. 87,571,000 Net Premiums Written..................... 2,095,955,000 Net Premiums Earned..................... 2,048,093,000 Net Claims & Adj Exp...................... 1,460,126,000 Commissions...................................... 285,104,000 Taxes.................................................... 65,642,000 General Expenses.............................. 327,786,000 Undwrwtg. Profit/Loss....................... –66,809,000 Investment Income............................. 153,966,000

Underwriting Result

Growth Rate (NPW)..................................... 3.60 % of Market (NPW)..................................... 4.87 Earned Loss Ratio..................................... 71.29 Total Expense Ratio.................................. 33.13 Combined Loss & Exp. Ratio.................. 104.42 Return on Equity......................................... 6.35

2013: –$66,809,000 2012: +$75,378,000 2010: –$73,904,000 2009: –$62,377,000

2011: +$28,831,000

canadianunderwriter.ca CANADIAN UNDERWRITER STATISTICAL ISSUE 2014


January 29 th , 9:22 a .m .

QuIck InsIghts le ad to long -term oppor tunItIes In an Ins tant, K at e M o r l e y u n lo cK e d a n e w l e v el o f su cce ss

Thirty minutes was all the time Kate had to spend with her CNA Underwriter, Phil Samms. And in that instant, Phil helped Kate unlock the code to a deeper understanding of her clients’ business insurance needs. Kate was able to deliver the products and expertise her clients depend on to work the bugs out of their exposures. Way to go, Kate.

To learn more about our comprehensive portfolio of insurance products and services, and the industries we serve, visit www.cnacanada.ca.

Construction • Manufacturing • Oil & Gas • Life Sciences • Renewable Energy

CNA is a registered trademark of CNA Financial Corporation. Copyright © 2013 Continental Casualty Company. All rights reserved.


COREPOINTE INSURANCE COMPANY

D-US

Colleen Sexsmith, Chief Agent 1145 Nicholson Rd Unit 2 Newmarket ON L3Y 9C3 905-853-0858 Fax:905-853-0183

Class

Net Prems Net Prems Net Claims Claims Written Earned Incurred Ratio

Auto. - Liability........................ –397,000 0.00 Auto - Total ............................. 0 0 –397,000 Other Apprvd. Prod................. 43,000 54,000 –3,000 –5.56 ——————— ——————— ——————— ————— Total 2013................................ 43,000 54,000 –400,000 –740.74 Total 2012................................ 52,000 64,000 –1,264,000 –1,975.00 Total 2011................................ –86,000 235,000 –1,120,000 –476.60

2013 Direct Premiums Written: +43,000 Growth: –17.31% 2013 Underwriting Performance Summary %

Reinsurance Assumed........................................... Reinsurance Ceded................................................ Net Premiums Written................................. 43,000 Net Premiums Earned................................. 54,000 Net Claims & Adj Exp.............................. –400,000 Commissions.......................................................... Taxes............................................................. 2,000 General Expenses..................................... 151,000 Undwrwtg. Profit/Loss.............................. 301,000 Investment Income.................................... 547,000

Growth Rate (NPW)................................. –17.31 % of Market (NPW)..................................... 0.00 Earned Loss Ratio................................. –740.74 Total Expense Ratio................................ 283.33 Combined Loss & Exp. Ratio................ –457.41 Return on Equity......................................... 4.07

Underwriting Result

2013: +$301,000 2012: +$982,000 2011: +$1,095,000

CUMIS GENERAL INSURANCE COMPANY

D-C

Katherine Bardswick, President & Chief Executive Officer P.O. Box 5065, 151 North Service Rd. Burlington ON L7R 4C2 905-632-1221 Fax:905-632-9412 www.cumis.com Class

Net Prems Net Prems Net Claims Claims Written Earned Incurred Ratio

Prop. - Personal...................... 25,476,000 24,731,000 13,423,000 54.28 Prop. - Commercial................. 11,775,000 11,832,000 3,897,000 32.94 Prop - Total ............................ 37,251,000 36,563,000 17,320,000 47.37 Auto. - Liability........................ 18,038,000 17,783,000 13,605,000 76.51 Auto. - Pers. Acc..................... 14,570,000 14,683,000 9,216,000 62.77 Auto. - Other............................ 10,486,000 10,155,000 5,882,000 57.92 Auto - Total ............................. 43,094,000 42,621,000 28,703,000 67.34 Boiler/Mach-excld................... 1,000 1,000 5,000 500.00 Fidelity..................................... 4,345,000 4,236,000 2,961,000 69.90 Liability.................................... 5,361,000 5,235,000 3,057,000 58.40 Surety...................................... 4,000 1,000 Accident & Sickness................ 2,875,000 2,882,000 518,000 17.97 ——————— ——————— ——————— ————— Total 2013................................ 92,931,000 91,539,000 52,564,000 57.42 Total 2012................................ 92,205,000 90,982,000 52,065,000 57.23 Total 2011................................ 91,975,000 86,993,000 57,322,000 65.89 Total 2010................................ 104,008,000 79,140,000 42,951,000 54.27 Total 2009................................ 34,087,000 32,856,000 20,907,000 63.63

2013 Direct Premiums Written: +100,420,000 Growth: 1.38% 2013 Underwriting Performance Summary %

Reinsurance Assumed........................... 2,660,000 Reinsurance Ceded.............................. 10,149,000 Net Premiums Written.......................... 92,931,000 Net Premiums Earned.......................... 91,539,000 Net Claims & Adj Exp........................... 52,564,000 Commissions........................................ 11,541,000 Taxes...................................................... 3,487,000 General Expenses................................ 11,082,000 Undwrwtg. Profit/Loss......................... 13,685,000 Investment Income................................. 6,079,000

Growth Rate (NPW)..................................... 0.79 % of Market (NPW)..................................... 0.22 Earned Loss Ratio..................................... 57.42 Total Expense Ratio.................................. 28.52 Combined Loss & Exp. Ratio.................... 85.94 Return on Equity....................................... 24.09

Underwriting Result

2013: +$13,685,000 2012: +$7,846,000 2011: 2010: +$3,328,000 2009: +$3,045,000

DESJARDINS GENERAL INSURANCE GROUP INC.

–$49,000

D-C

Sylvie Paquette, Président 6300 Boul. De La Rive-Sud Levis QC G6V 6P9 418-835-4850 Fax:418-835-5599 www.desjardins.com Class

Net Prems Net Prems Net Claims Claims Written Earned Incurred Ratio

Prop. - Personal...................... 657,459,000 630,869,000 417,357,000 66.16 Prop. - Commercial................. 74,063,000 69,497,000 44,412,000 63.90 Prop - Total ............................ 731,522,000 700,366,000 461,769,000 65.93 Aircraft..................................... –1,968,000 0.00 Auto. - Liability........................ 579,551,000 556,746,000 349,007,000 62.69 Auto. - Pers. Acc..................... 255,313,000 250,077,000 145,825,000 58.31 Auto. - Other............................ 478,876,000 469,988,000 330,837,000 70.39 Auto - Total ............................. 1,313,740,000 1,276,811,000 825,669,000 64.67 Boiler/Mach-excld................... 612,000 589,000 102,000 17.32 Fidelity..................................... 2,642,000 2,634,000 1,005,000 38.15 Liability.................................... 24,565,000 24,654,000 29,751,000 120.67 Surety...................................... 394,000 386,000 –50,000 –12.95 ——————— ——————— ——————— ————— Total 2013................................ 2,073,475,000 2,005,440,000 1,316,278,000 65.64 Total 2012................................ 1,944,721,000 1,874,511,000 1,301,960,000 69.46 Total 2011................................ 1,801,808,000 1,708,966,000 1,256,034,000 73.50 Total 2010................................ 1,618,806,000 1,524,262,000 1,056,072,000 69.28 Total 2009................................ 1,471,075,000 1,442,868,000 991,955,000 68.75

94

2013 Direct Premiums Written: +2,112,091,000 Growth: 6.66% 2013 Underwriting Performance Summary %

Reinsurance Assumed........................................... Reinsurance Ceded.............................. 38,616,000 Net Premiums Written..................... 2,073,475,000 Net Premiums Earned..................... 2,005,440,000 Net Claims & Adj Exp...................... 1,316,278,000 Commissions........................................ 24,881,000 Taxes.................................................... 66,467,000 General Expenses.............................. 430,901,000 Undwrwtg. Profit/Loss....................... 163,597,000 Investment Income............................... 97,033,000

Underwriting Result

Growth Rate (NPW)..................................... 6.62 % of Market (NPW)..................................... 4.82 Earned Loss Ratio..................................... 65.64 Total Expense Ratio.................................. 26.04 Combined Loss & Exp. Ratio.................... 91.68 Return on Equity....................................... 17.33

2013: +$163,597,000 2012: +$105,801,000 2010: +$81,421,000 2009: +$81,325,000

2011: +$28,651,000

canadianunderwriter.ca CANADIAN UNDERWRITER STATISTICAL ISSUE 2014


Your Insurance Digital Newsstand is now Mobile: NO APP REQUIRED

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Handheld device users - go to the links below and select Digital Edition of the magazine of choice: Canadian Underwriter: http://bit.ly/CUarchives [case sensitive, capitalize CU only] Claims Canada: http://bit.ly/CCarchives [case sensitive, capitalize CC only] Within Digital Edition, to flip through the pages, simply swipe or tap at the right or left side of the screen. Scroll through multiple pages by ‘dragging the page number indicator’ at the bottom of the screen to the left or right. Via Computer: As always, everyone can view the Digital Edition of each issue of Canadian Underwriter magazine (including the Annual Statistical Issue and the Insurance Marketer) and Claims Canada magazine – simply visit the above links!

Publications with Digital Editions:

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THE DOMINION OF CANADA GENERAL INSURANCE COMPANY B Murphy, President & C.E.O. PART OF TRAVELERS CANADA

Class

Net Prems Net Prems Net Claims Claims Written Earned Incurred Ratio

Prop. - Personal...................... 256,123,000 249,777,000 176,453,000 70.64 Prop. - Commercial................. 95,669,000 98,731,000 57,780,000 58.52 Prop - Total ............................ 351,792,000 348,508,000 234,233,000 67.21 Auto. - Liability........................ 334,542,000 335,685,000 314,812,000 93.78 Auto. - Pers. Acc..................... 225,690,000 225,066,000 190,458,000 84.62 Auto. - Other............................ 197,546,000 195,453,000 119,262,000 61.02 Auto - Total ............................. 757,778,000 756,204,000 624,532,000 82.59 Fidelity..................................... 1,146,000 1,195,000 530,000 44.35 Liability.................................... 71,687,000 70,390,000 41,121,000 58.42 Surety...................................... 1,217,000 1,240,000 –195,000 –15.73 ——————— ——————— ——————— ————— Total 2013................................ 1,183,620,000 1,177,537,000 900,221,000 76.45 Total 2012................................ 1,206,918,000 1,209,265,000 883,958,000 73.10 Total 2011................................ 1,210,921,000 1,214,336,000 926,114,000 76.27 Total 2010................................ 1,214,959,000 1,190,329,000 849,272,000 71.35 Total 2009................................ 1,128,003,000 1,086,026,000 903,431,000 83.19

B-C

165 University Ave. Toronto ON M5H 3B9 416-362-7231 Fax:416-362-9918

2013 Direct Premiums Written: +1,300,936,000 Growth: 2.40% 2013 Underwriting Performance Summary %

Reinsurance Assumed........................... 3,222,000 Reinsurance Ceded............................ 120,551,000 Net Premiums Written..................... 1,183,620,000 Net Premiums Earned..................... 1,177,537,000 Net Claims & Adj Exp......................... 900,221,000 Commissions...................................... 221,337,000 Taxes.................................................... 42,357,000 General Expenses.............................. 154,614,000 Undwrwtg. Profit/Loss..................... –125,853,000 Investment Income............................. 204,115,000

Growth Rate (NPW)................................... –1.93 % of Market (NPW)..................................... 2.75 Earned Loss Ratio..................................... 76.45 Total Expense Ratio.................................. 35.52 Combined Loss & Exp. Ratio.................. 111.97 Return on Equity......................................... 6.58

Underwriting Result

2013: –$125,853,000 2012: –$69,848,000 2011: –$85,062,000 2010: –$10,190,000 2009: –$144,036,000

ECHELON GENERAL INSURANCE COMPANY

B-C

Steve Dobrony, C.E.O. George Kalopsis, President & C.O.O. 2680 Matheson Blvd E., Suite 300 Mississauga ON L4W 0A5 905-214-7880 Fax:905-214-7883 www.echelon-insurance.ca

Class

Net Prems Net Prems Net Claims Claims Written Earned Incurred Ratio

Prop. - Personal...................... 13,399,000 9,274,000 5,090,000 54.88 Prop. - Commercial................. 9,681,000 9,597,000 9,029,000 94.08 Prop - Total ............................ 23,080,000 18,871,000 14,119,000 74.82 Auto. - Liability........................ 59,038,000 60,048,000 33,936,000 56.51 Auto. - Pers. Acc..................... 35,962,000 37,894,000 30,698,000 81.01 Auto. - Other............................ 27,765,000 27,724,000 17,734,000 63.97 Auto - Total ............................. 122,765,000 125,666,000 82,368,000 65.55 Credit....................................... 21,000 21,000 –29,000 –138.10 Legal Expense......................... 493,000 542,000 138,000 25.46 Liability.................................... 7,863,000 8,145,000 9,717,000 119.30 Surety...................................... 96,000 91,000 2,000 2.20 Accident & Sickness................ 2,690,000 2,504,000 236,000 9.42 ——————— ——————— ——————— ————— Total 2013................................ 157,008,000 155,840,000 106,551,000 68.37 Total 2012................................ 166,409,000 162,838,000 106,856,000 65.62 Total 2011................................ 152,585,000 147,378,000 97,754,000 66.33 Total 2010................................ 135,324,000 132,165,000 99,955,000 75.63 Total 2009................................ 112,326,000 118,082,000 84,643,000 71.68

2013 Direct Premiums Written: +166,511,000 Growth: –1.82% 2013 Underwriting Performance Summary %

Reinsurance Assumed........................... 3,761,000 Reinsurance Ceded.............................. 13,264,000 Net Premiums Written........................ 157,008,000 Net Premiums Earned........................ 155,840,000 Net Claims & Adj Exp......................... 106,551,000 Commissions........................................ 27,935,000 Taxes...................................................... 5,325,000 General Expenses................................ 19,374,000 Undwrwtg. Profit/Loss......................... –1,005,000 Investment Income............................... 11,689,000

Growth Rate (NPW)................................... –5.65 % of Market (NPW)..................................... 0.37 Earned Loss Ratio..................................... 68.37 Total Expense Ratio.................................. 33.77 Combined Loss & Exp. Ratio.................. 102.14 Return on Equity......................................... 7.20

Underwriting Result

2013: –$1,005,000 2012: +$5,192,000 2011: +$5,208,000 2010: –$10,180,000 2009: –$4,825,000

ECONOMICAL INSURANCE ECONOMICAL MUTUAL INSURANCE COMPANY THE MISSISQUOI INSURANCE COMPANY WATERLOO INSURANCE COMPANY PERTH INSURANCE COMPANY FEDERATION INSURANCE COMPANY OF CANADA

Class

Net Prems Net Prems Net Claims Claims Written Earned Incurred Ratio

Prop. - Personal...................... 317,873,000 323,949,000 206,755,000 63.82 Prop. - Commercial................. 310,086,000 304,923,000 267,749,000 87.81 Prop - Total ............................ 627,959,000 628,872,000 474,504,000 75.45 Auto. - Liability........................ 437,284,000 422,929,000 270,248,000 63.90 Auto. - Pers. Acc..................... 239,390,000 234,401,000 128,121,000 54.66 Auto. - Other............................ 336,010,000 324,043,000 214,380,000 66.16 Auto - Total ............................. 1,012,684,000 981,373,000 612,749,000 62.44 Boiler/Mach-excld................... –20,000 –19,000 Fidelity..................................... 2,151,000 2,066,000 455,000 22.02 Liability.................................... 159,020,000 155,159,000 90,134,000 58.09 Surety...................................... 1,792,000 1,744,000 2,175,000 124.71 Marine...................................... 46,000 0.00 ——————— ——————— ——————— ————— Total 2013................................ 1,803,586,000 1,769,195,000 1,180,063,000 66.70 Total 2012................................ 1,723,656,000 1,666,018,000 1,018,448,000 61.13 Total 2011................................ 1,630,836,000 1,615,100,000 1,067,016,000 66.07 Total 2010................................ 1,626,378,000 1,676,369,000 1,167,893,000 69.67 Total 2009................................ 1,747,468,000 1,813,256,000 1,400,291,000 77.23

96

B-C Karen Gavan, President & Chief Executive Officer 111 Westmount Rd. S. Waterloo ON N2J 4S4 519-570-8500 Fax:519-570-8389 www.economicalinsurance.com

2013 Direct Premiums Written: +1,907,265,000 Growth: 5.38% 2013 Underwriting Performance Summary %

Reinsurance Assumed......................... 11,921,000 Reinsurance Ceded............................ 115,600,000 Net Premiums Written..................... 1,803,586,000 Net Premiums Earned..................... 1,769,195,000 Net Claims & Adj Exp...................... 1,180,063,000 Commissions...................................... 348,651,000 Taxes.................................................... 62,970,000 General Expenses.............................. 195,740,000 Undwrwtg. Profit/Loss........................... 6,086,000 Investment Income............................. 102,749,000

Underwriting Result

Growth Rate (NPW)..................................... 4.64 % of Market (NPW)..................................... 4.19 Earned Loss Ratio..................................... 66.70 Total Expense Ratio.................................. 34.33 Combined Loss & Exp. Ratio.................. 101.03 Return on Equity......................................... 5.78

2013: +$6,086,000 2012: +$69,983,000 2010: –$55,681,000 2009: –$143,857,000

2011: –$8,142,000

canadianunderwriter.ca CANADIAN UNDERWRITER STATISTICAL ISSUE 2014


property

|

auto

|

business

If something’s worth insuring

…insure it right. Our excellent products make it easy to find the best coverage for your clients. As one of the leading property and casualty insurers in Canada, we offer comprehensive policies and competitive pricing, including multi-policy savings and several discount categories for qualifying homeowners. Visit us at economicalinsurance.com.

The Economical brand includes the following property and casualty insurance companies: Economical Mutual Insurance Company, Perth Insurance Company, Waterloo Insurance Company, The Missisquoi Insurance Company, Federation Insurance Company of Canada. ©2014 Economical Insurance. All rights reserved. Economical® and related trademarks, names and logos are the property of Economical Mutual Insurance Company and are registered and/ or used in Canada. All other trademarks are the property of their respective owners.


LE GROUPE ESTRIE-RICHELIEU COMPAGNIE D’ASSURANCE

D-C

Stephane Bibeau, Président 770 Rue Principale Granby QC J2G 2Y7 450-378-0101 Fax:450-378-5189 www.ger.qc.ca info@ger.qc.ca

Class

Net Prems Net Prems Net Claims Claims Written Earned Incurred Ratio

Prop. - Personal...................... 8,936,000 8,869,000 6,299,000 71.02 Prop. - Commercial................. 18,343,000 18,009,000 12,376,000 68.72 Prop - Total ............................ 27,279,000 26,878,000 18,675,000 69.48 Auto. - Liability........................ 243,000 251,000 91,000 36.25 Auto. - Pers. Acc..................... 12,000 12,000 Auto. - Other............................ 442,000 465,000 357,000 76.77 Auto - Total ............................. 697,000 728,000 448,000 61.54 Boiler/Mach-excld................... 290,000 281,000 27,000 9.61 Liability.................................... 3,759,000 3,725,000 2,236,000 60.03 ——————— ——————— ——————— ————— Total 2013................................ 32,025,000 31,612,000 21,386,000 67.65 Total 2012................................ 32,735,000 34,956,000 19,857,000 56.81 Total 2011................................ 36,278,000 35,936,000 21,459,000 59.71 Total 2010................................ 35,847,000 34,364,000 22,684,000 66.01 Total 2009................................ 32,231,000 31,610,000 22,851,000 72.29

2013 Direct Premiums Written: +44,165,000 Growth: 2.69% 2013 Underwriting Performance Summary %

Reinsurance Assumed........................................... Reinsurance Ceded.............................. 12,140,000 Net Premiums Written.......................... 32,025,000 Net Premiums Earned.......................... 31,612,000 Net Claims & Adj Exp........................... 21,386,000 Commissions.......................................... 6,544,000 Taxes...................................................................... General Expenses.................................. 4,224,000 Undwrwtg. Profit/Loss............................ –542,000 Investment Income................................. 3,727,000

Growth Rate (NPW)................................... –2.17 % of Market (NPW)..................................... 0.07 Earned Loss Ratio..................................... 67.65 Total Expense Ratio.................................. 34.06 Combined Loss & Exp. Ratio.................. 101.71 Return on Equity......................................... 3.78

Underwriting Result

2013: –$542,000 2012: +$3,622,000 2011: +$2,707,000 2010: –$283,000 2009: –$2,287,000

EULER HERMES NORTH AMERICA Yves Gervais, Chef-agent INSURANCE COMPANY

D-US

1155 Blvd. Rene-Levesque West, Suite 2810 Montréal QC H3B 2L2 514-876-9656 Fax:514-876-9658 www.eulerhermes.ca yves.gervais@eulerhermes.com

Class

Net Prems Net Prems Net Claims Claims Written Earned Incurred Ratio

Credit....................................... 9,751,000 9,447,000 5,500,000 58.22 ——————— ——————— ——————— ————— Total 2013................................ 9,751,000 9,447,000 5,500,000 58.22 Total 2012................................ 12,252,000 11,093,000 3,291,000 29.67 Total 2011................................ 11,980,000 11,673,000 5,494,000 47.07 Total 2010................................ 11,128,000 12,505,000 –248,000 –1.98 Total 2009................................ 16,765,000 19,492,000 8,263,000 42.39

2013 Direct Premiums Written: +39,984,000 Growth: –1.39% 2013 Underwriting Performance Summary %

Reinsurance Assumed........................................... Reinsurance Ceded.............................. 30,233,000 Net Premiums Written............................ 9,751,000 Net Premiums Earned............................ 9,447,000 Net Claims & Adj Exp............................. 5,500,000 Commissions........................................ –5,207,000 Taxes...................................................... 1,387,000 General Expenses.................................. 8,406,000 Undwrwtg. Profit/Loss.............................. 603,000 Investment Income................................. 1,559,000

Growth Rate (NPW)................................. –20.41 % of Market (NPW)..................................... 0.02 Earned Loss Ratio..................................... 58.22 Total Expense Ratio.................................. 48.54 Combined Loss & Exp. Ratio.................. 106.76 Return on Equity......................................... 3.65

Underwriting Result

2013: +$603,000 2012: +$4,551,000 2011: –$616,000 2010: +$6,328,000 2009: +$5,260,000

EVEREST INSURANCE COMPANY OF CANADA/ LA COMPAGNIE D’ASSURANCE David Crozier, Chief Executive Officer/President EVEREST DU CANADA 130 Bloor St W

B-C

Suite 602 Toronto ON M5S 1N5 416-487-3900 Fax:416-487-0311 www.everestcanada.com pamela.jornacion@everestre.com Class

Net Prems Net Prems Net Claims Claims Written Earned Incurred Ratio

Prop. - Commercial................. 1,276,000 1,154,000 3,207,000 277.90 Prop - Total ............................ 1,276,000 1,154,000 3,207,000 277.90 Auto. - Liability........................ 46,000 47,000 38,000 80.85 Auto - Total ............................. 46,000 47,000 38,000 80.85 Liability.................................... 3,335,000 3,027,000 2,001,000 66.11 Accident & Sickness................ 117,000 111,000 84,000 75.68 ——————— ——————— ——————— ————— Total 2013................................ 4,774,000 4,339,000 5,330,000 122.84 Total 2012................................ 4,401,000 4,520,000 4,232,000 93.63 Total 2011................................ 4,817,000 2,134,000 1,622,000 76.01 Total 2010................................ 0 0 0 Total 2009................................ 0 0 48,000

2013 Direct Premiums Written: +28,831,000 Growth: 20.94% 2013 Underwriting Performance Summary %

Reinsurance Assumed........................................... Reinsurance Ceded.............................. 24,057,000 Net Premiums Written............................ 4,774,000 Net Premiums Earned............................ 4,339,000 Net Claims & Adj Exp............................. 5,330,000 Commissions........................................ –1,522,000 Taxes......................................................... 831,000 General Expenses.................................. 9,206,000 Undwrwtg. Profit/Loss......................... –9,498,000 Investment Income................................. 1,453,000

Growth Rate (NPW)..................................... 8.48 % of Market (NPW)..................................... 0.01 Earned Loss Ratio................................... 122.84 Total Expense Ratio................................ 196.24 Combined Loss & Exp. Ratio.................. 319.08 Return on Equity......................................-11.59

Underwriting Result

2013: –$9,498,000 2012: –$6,045,000 2011: –$1,961,000 2010: –$115,000 2009: –$171,000

98

canadianunderwriter.ca CANADIAN UNDERWRITER STATISTICAL ISSUE 2014


FACTORY MUTUAL INSURANCE COMPANY

D-US

Kenneth V Lavigne, Chief Agent 165 Commerce Valley Dr. W., Suite 500 Thornhill ON L3T 7V8 905-763-5555 Fax:905-763-5556 www.fmglobal.com

Class

Net Prems Net Prems Net Claims Claims Written Earned Incurred Ratio

Prop. - Commercial................. 184,312,000 178,596,000 77,489,000 43.39 Prop - Total ............................ 184,312,000 178,596,000 77,489,000 43.39 Boiler/Mach-excld................... 49,707,000 49,541,000 15,011,000 30.30 ——————— ——————— ——————— ————— Total 2013................................ 234,019,000 228,137,000 92,500,000 40.55 Total 2012................................ 241,168,000 250,205,000 124,241,000 49.66 Total 2011................................ 239,090,000 238,077,000 195,923,000 82.29 Total 2010................................ 249,786,000 242,663,000 146,821,000 60.50 Total 2009................................ 218,564,000 215,209,000 12,743,000 5.92

2013 Direct Premiums Written: +286,871,000 Growth: 6.45% 2013 Underwriting Performance Summary %

Reinsurance Assumed........................... 1,250,000 Reinsurance Ceded............................ 125,498,000 Net Premiums Written........................ 234,019,000 Net Premiums Earned........................ 228,137,000 Net Claims & Adj Exp........................... 92,500,000 Commissions...................................... –16,283,000 Taxes.................................................... 13,445,000 General Expenses................................ 45,926,000 Undwrwtg. Profit/Loss......................... 92,549,000 Investment Income............................... 55,197,000

Growth Rate (NPW)................................... –2.96 % of Market (NPW)..................................... 0.54 Earned Loss Ratio..................................... 40.55 Total Expense Ratio.................................. 18.89 Combined Loss & Exp. Ratio.................... 59.44 Return on Equity....................................... 22.69

Underwriting Result

2013: +$92,549,000 2012: +$80,880,000 2010: +$46,224,000 2009: +$157,957,000

2011: –$4,224,000

FCT B-C 2235 Sheridan Garden Dr. Oakville ON L6J 7Y5 905-287-1000 Fax:905-287-2400 www.firstcanadiantitle.com

Class

Net Prems Net Prems Net Claims Claims Written Earned Incurred Ratio

Other Apprvd. Prod................. 10,700,000 10,700,000 5,577,000 52.12 Title.......................................... 86,706,000 86,706,000 14,406,000 16.61 ——————— ——————— ——————— ————— Total 2013................................ 97,406,000 97,406,000 19,983,000 20.52 Total 2012................................ 102,271,000 102,271,000 32,322,000 31.60 Total 2011................................ 169,145,000 169,145,000 60,694,000 35.88 Total 2010................................ 132,734,000 132,734,000 33,238,000 25.04 Total 2009................................ 114,833,000 114,833,000 25,961,000 22.61

2013 Direct Premiums Written: +105,858,000 Growth: –4.38% 2013 Underwriting Performance Summary %

Reinsurance Assumed........................................... Reinsurance Ceded................................ 8,452,000 Net Premiums Written.......................... 97,406,000 Net Premiums Earned.......................... 97,406,000 Net Claims & Adj Exp........................... 19,983,000 Commissions............................................... 48,000 Taxes...................................................... 3,453,000 General Expenses................................ 39,477,000 Undwrwtg. Profit/Loss......................... 14,998,000 Investment Income................................. 6,316,000

Underwriting Result

Growth Rate (NPW)................................... –4.76 % of Market (NPW)..................................... 0.23 Earned Loss Ratio..................................... 20.52 Total Expense Ratio.................................. 44.12 Combined Loss & Exp. Ratio.................... 64.64 Return on Equity....................................... 22.36

2013: +$14,998,000 2012: +$5,285,000 2010: +$24,408,000 2009: +$22,336,000

2011: +$31,649,000

FEDERAL INSURANCE COMPANY

B-US

Ellen J. Moore, Chief Agent In Canada 1 Adelaide St. E. 16th Floor Toronto ON M5C 2V9 416-863-0550 Fax:416-863-3144

Class

Net Prems Net Prems Net Claims Claims Written Earned Incurred Ratio

Prop. - Personal...................... –4,000 –17,000 71,000 –417.65 Prop. - Commercial................. 2,181,000 2,463,000 34,000 1.38 Prop - Total ............................ 2,177,000 2,446,000 105,000 4.29 Auto. - Liability........................ 1,184,000 1,084,000 1,006,000 92.80 Auto. - Pers. Acc..................... 49,000 54,000 –14,000 –25.93 Auto. - Other............................ 227,000 222,000 186,000 83.78 Auto - Total ............................. 1,460,000 1,360,000 1,178,000 86.62 Boiler/Mach-excld................... 244,000 300,000 22,000 7.33 Fidelity..................................... 228,000 165,000 10,000 6.06 Liability.................................... 5,892,000 5,449,000 1,550,000 28.45 Surety...................................... 808,000 2,496,000 86,000 3.45 Marine...................................... 1,000 0.00 Accident & Sickness................ 61,000 52,000 –9,000 –17.31 ——————— ——————— ——————— ————— Total 2013................................ 10,870,000 12,268,000 2,943,000 23.99 Total 2012................................ 12,807,000 15,756,000 2,638,000 16.74 Total 2011................................ 14,026,000 14,336,000 6,395,000 44.61

CANADIAN UNDERWRITER STATISTICAL ISSUE 2014

2013 Direct Premiums Written: +735,000 Growth: –19.85% 2013 Underwriting Performance Summary %

Reinsurance Assumed................................ 32,000 Reinsurance Ceded................................ 7,683,000 Net Premiums Written.......................... 10,870,000 Net Premiums Earned.......................... 12,268,000 Net Claims & Adj Exp............................. 2,943,000 Commissions.......................................... 1,020,000 Taxes........................................................... 21,000 General Expenses.................................. 2,928,000 Undwrwtg. Profit/Loss........................... 5,356,000 Investment Income................................. 2,256,000

Growth Rate (NPW)................................. –15.12 % of Market (NPW)..................................... 0.03 Earned Loss Ratio..................................... 23.99 Total Expense Ratio.................................. 32.35 Combined Loss & Exp. Ratio.................... 56.34 Return on Equity......................................... 7.50

Underwriting Result

2013: +$5,356,000 2012: +$6,696,000 2011: +$266,000

99


FUNDY MUTUAL INSURANCE COMPANY Jim Wilson, President 1022 Main St Sussex NB E2E 2M3 506-432-1535 Fax:506-433-6788 www.fundymutual.com

Class

Net Prems Net Prems Net Claims Claims Written Earned Incurred Ratio

Prop. - Personal...................... 2,366,000 2,331,000 1,004,000 43.07 Prop - Total ............................ 2,366,000 2,331,000 1,004,000 43.07 Liability.................................... 37,000 37,000 3,000 8.11 ——————— ——————— ——————— ————— Total 2013................................ 2,403,000 2,368,000 1,007,000 42.53 Total 2012................................ 2,400,000 2,327,000 869,000 37.34 Total 2011................................ 2,306,000 2,249,000 1,141,000 50.73 Total 2010................................ 2,167,000 2,108,000 661,000 31.36

D-C

2013 Direct Premiums Written: +3,464,000 Growth: 2.09% 2013 Underwriting Performance Summary %

Reinsurance Assumed........................................... Reinsurance Ceded................................ 1,061,000 Net Premiums Written............................ 2,403,000 Net Premiums Earned............................ 2,368,000 Net Claims & Adj Exp............................. 1,007,000 Commissions............................................. 600,000 Taxes......................................................... 123,000 General Expenses.................................. 1,380,000 Undwrwtg. Profit/Loss............................ –742,000 Investment Income................................. 1,278,000

Growth Rate (NPW)..................................... 0.13 % of Market (NPW)..................................... 0.01 Earned Loss Ratio..................................... 42.53 Total Expense Ratio.................................. 88.81 Combined Loss & Exp. Ratio.................. 131.34 Return on Equity......................................... 5.89

Underwriting Result

2013: –$742,000 2012: –$550,000 2011: –$702,000 2010: –$355,000

GORE MUTUAL INSURANCE COMPANY

Kevin W. McNeil, President & Chief Executive Officer 252 Dundas St. N., P.O. Box 70 Cambridge ON N1R 5T3 519-623-1910 Fax:800-601-9773 www.goremutual.ca

Class

Net Prems Net Prems Net Claims Claims Written Earned Incurred Ratio

Prop. - Personal...................... 93,809,000 92,499,000 51,230,000 55.38 Prop. - Commercial................. 30,448,000 30,126,000 21,082,000 69.98 Prop - Total ............................ 124,257,000 122,625,000 72,312,000 58.97 Auto. - Liability........................ 83,992,000 83,642,000 47,869,000 57.23 Auto. - Pers. Acc..................... 45,186,000 45,613,000 49,513,000 108.55 Auto. - Other............................ 43,928,000 43,512,000 24,566,000 56.46 Auto - Total ............................. 173,106,000 172,767,000 121,948,000 70.59 Boiler/Mach-excld................... 39,000 0.00 Liability.................................... 20,837,000 20,428,000 7,978,000 39.05 Surety...................................... 1,000 1,000 Accident & Sickness................ 37,000 39,000 ——————— ——————— ——————— ————— Total 2013................................ 318,238,000 315,860,000 202,277,000 64.04 Total 2012................................ 315,846,000 305,601,000 198,848,000 65.07 Total 2011................................ 296,142,000 289,389,000 193,176,000 66.75 Total 2010................................ 280,858,000 261,506,000 178,601,000 68.30 Total 2009................................ 242,928,000 223,738,000 148,977,000 66.59

B-C

2013 Direct Premiums Written: +345,594,000 Growth: 1.35% 2013 Underwriting Performance Summary %

Reinsurance Assumed........................................... Reinsurance Ceded.............................. 27,356,000 Net Premiums Written........................ 318,238,000 Net Premiums Earned........................ 315,860,000 Net Claims & Adj Exp......................... 202,277,000 Commissions........................................ 62,395,000 Taxes.................................................... 11,558,000 General Expenses................................ 38,028,000 Undwrwtg. Profit/Loss........................... 7,301,000 Investment Income............................... 29,917,000

Growth Rate (NPW)..................................... 0.76 % of Market (NPW)..................................... 0.74 Earned Loss Ratio..................................... 64.04 Total Expense Ratio.................................. 35.45 Combined Loss & Exp. Ratio.................... 99.49 Return on Equity....................................... 13.44

Underwriting Result

2013: +$7,301,000 2012: +$4,939,000 2011: +$3,028,000 2010: –$1,892,000 2009: +$1,525,000

GREAT AMERICAN INSURANCE COMPANY

B-F

2100-40 King St W Toronto ON M5H 3C2 416-369-5300 Fax:416-360-8877 www.greatamericaninsurancegroup.com Class

Net Prems Net Prems Net Claims Claims Written Earned Incurred Ratio

Prop. - Commercial................. 19,618,000 18,593,000 6,227,000 33.49 Prop - Total ............................ 19,618,000 18,593,000 6,227,000 33.49 Auto. - Liability........................ 313,000 504,000 161.02 Auto. - Other............................ 25,000 23,000 –4,000 –17.39 Auto - Total ............................. 25,000 336,000 500,000 148.81 Fidelity..................................... 2,229,000 1,890,000 208,000 11.01 Liability.................................... 15,360,000 15,722,000 3,040,000 19.34 Other Apprvd. Prod................. 3,000 Surety...................................... 19,000 77,000 13,000 16.88 Marine...................................... 3,968,000 4,149,000 2,315,000 55.80 ——————— ——————— ——————— ————— Total 2013................................ 41,219,000 40,770,000 12,303,000 30.18 Total 2012................................ 41,545,000 43,855,000 32,939,000 75.11 Total 2011................................ 46,810,000 44,998,000 37,147,000 82.55 Total 2010................................ 20,073,000 45,839,000 34,005,000 74.18 Total 2009................................ 33,610,000 47,098,000 25,608,000 54.37

100

2013 Direct Premiums Written: +59,589,000 Growth: 6.65% 2013 Underwriting Performance Summary %

Reinsurance Assumed................................ –1,000 Reinsurance Ceded.............................. 18,369,000 Net Premiums Written.......................... 41,219,000 Net Premiums Earned.......................... 40,770,000 Net Claims & Adj Exp........................... 12,303,000 Commissions.......................................... 5,914,000 Taxes...................................................... 3,148,000 General Expenses................................ 10,651,000 Undwrwtg. Profit/Loss........................... 8,754,000 Investment Income................................. 5,898,000

Growth Rate (NPW)................................... –0.78 % of Market (NPW)..................................... 0.10 Earned Loss Ratio..................................... 30.18 Total Expense Ratio.................................. 48.35 Combined Loss & Exp. Ratio.................... 78.53 Return on Equity................................................

Underwriting Result

2013: +$8,754,000 2012: –$11,366,000 2011: –$10,311,000 2010: +$42,206,000 2009: –$17,166,000

canadianunderwriter.ca CANADIAN UNDERWRITER STATISTICAL ISSUE 2014


THE GUARANTEE COMPANY OF NORTH AMERICA B-C Alister Campbell, Chief Executive Officer 4950 Yonge St., Suite 1400, Madison Centre North York ON M2N 6K1 416-223-9580 Fax:416-223-6577 www.theguarantee.com Class

Net Prems Net Prems Net Claims Claims Written Earned Incurred Ratio

Prop. - Personal...................... 76,626,000 74,720,000 53,335,000 71.38 Prop. - Commercial................. 5,266,000 4,665,000 3,139,000 67.29 Prop - Total ............................ 81,892,000 79,385,000 56,474,000 71.14 Auto. - Liability........................ 35,278,000 34,057,000 56,229,000 165.10 Auto. - Pers. Acc..................... 24,762,000 25,071,000 17,037,000 67.96 Auto. - Other............................ 21,153,000 21,003,000 11,892,000 56.62 Auto - Total ............................. 81,193,000 80,131,000 85,158,000 106.27 Boiler/Mach-excld................... –57,000 0.00 Credit....................................... 1,259,000 1,146,000 54,000 4.71 Fidelity..................................... 14,827,000 14,874,000 3,725,000 25.04 Legal Expense......................... 8,000 –45,000 –17,000 37.78 Liability.................................... 26,180,000 26,664,000 49,428,000 185.37 Surety...................................... 85,074,000 81,614,000 7,021,000 8.60 Accident & Sickness................ 166,000 162,000 5,000 3.09 ——————— ——————— ——————— ————— Total 2013................................ 290,599,000 283,931,000 201,791,000 71.07 Total 2012................................ 282,395,000 278,424,000 167,553,000 60.18 Total 2011................................ 273,811,000 274,217,000 174,490,000 63.63 Total 2010................................ 266,641,000 263,882,000 176,952,000 67.06 Total 2009................................ 259,189,000 251,466,000 195,086,000 77.58

2013 Direct Premiums Written: +338,668,000 Growth: 1.44% 2013 Underwriting Performance Summary %

Reinsurance Assumed........................... 5,000,000 Reinsurance Ceded.............................. 97,219,000 Net Premiums Written........................ 290,599,000 Net Premiums Earned........................ 283,931,000 Net Claims & Adj Exp......................... 201,791,000 Commissions........................................ 57,813,000 Taxes...................................................... 9,064,000 General Expenses................................ 51,215,000 Undwrwtg. Profit/Loss....................... –35,951,000 Investment Income............................... 52,443,000

Growth Rate (NPW)..................................... 2.91 % of Market (NPW)..................................... 0.68 Earned Loss Ratio..................................... 71.07 Total Expense Ratio.................................. 41.59 Combined Loss & Exp. Ratio.................. 112.66 Return on Equity......................................... 3.74

Underwriting Result

2013: –$35,951,000 2012: –$5,483,000 2011: –$15,985,000 2010: –$10,829,000 2009: –$36,469,000

HARTFORD FIRE INSURANCE COMPANY

B-US

Illona V. Kirsh, Chief Agent In Canada 121 King St. West Suite 1010 PO Box 112 Toronto ON M5H 3T9

Class

Net Prems Net Prems Net Claims Claims Written Earned Incurred Ratio

2013 Direct Premiums Written: +13,827,000

Growth: 4.31%

2013 Underwriting Performance Summary Prop. - Personal...................... 38,000 0.00 Prop. - Commercial................. 8,107,000 8,206,000 4,262,000 51.94 % Prop - Total ............................ 8,107,000 8,206,000 4,300,000 52.40 Reinsurance Assumed.............................. 260,000 Growth Rate (NPW)..................................... 3.85 Aircraft..................................... –258,000 0.00 % of Market (NPW)..................................... 0.03 Reinsurance Ceded................................ 1,840,000 Auto. - Liability........................ 631,000 589,000 1,926,000 326.99 Earned Loss Ratio..................................... 27.34 Net Premiums Written.......................... 12,247,000 Auto. - Pers. Acc..................... –1,000 59,000 0.00 Total Expense Ratio.................................. 28.58 Net Premiums Earned.......................... 13,009,000 Auto. - Other............................ 258,000 232,000 –111,000 –47.84 Combined Loss & Exp. Ratio.................... 55.92 Net Claims & Adj Exp............................. 3,557,000 Auto - Total ............................. 888,000 821,000 1,874,000 228.26 Return on Equity......................................... 5.06 Commissions............................................. 689,000 Boiler/Mach-excld................... 3,000 0.00 Taxes......................................................... 296,000 Fidelity..................................... 20,000 18,000 General Expenses.................................. 2,733,000 Liability.................................... 2,967,000 3,716,000 –3,362,000 –90.47 Undwrwtg. Profit/Loss........................... 5,734,000 Surety...................................... 262,000 248,000 1,003,000 404.44 Investment Income................................. 2,949,000 ——————— ——————— ——————— ————— Underwriting Result Total 2013................................ 12,247,000 13,009,000 3,557,000 27.34 2013: +$5,734,000 2012: –$48,000 2011: +$3,734,000 Total 2012................................ 11,793,000 12,687,000 7,971,000 62.83 2010: +$4,635,000 2009: +$2,978,000 Total 2011................................ 12,668,000 12,894,000 5,625,000 43.62 Total 2010................................ 12,935,000 12,877,000 5,163,000 40.09 Total 2009................................ 13,644,000 14,405,000 7,861,000 54.57

INDUSTRIELLE ALLIANCE COMPAGNIE D-C D’ASSURANCES GENERALES Michel Laurin, President et chef de l’exploitation 925 Chemin St.-Louis, Suite 230 Quebec QC G1S 1C1 418-650-4601 Fax:418-650-4637 www.inalco.com serviceclient@iaah.ca

Class

Net Prems Net Prems Net Claims Claims Written Earned Incurred Ratio

Prop. - Personal...................... 82,182,000 77,351,000 54,068,000 69.90 Prop - Total ............................ 82,182,000 77,351,000 54,068,000 69.90 Auto. - Liability........................ 54,712,000 52,817,000 30,045,000 56.89 Auto. - Pers. Acc..................... 1,709,000 1,628,000 285,000 17.51 Auto. - Other............................ 17,585,000 77,077,000 54,698,000 70.97 Auto - Total ............................. 74,006,000 131,522,000 85,028,000 64.65 Liability.................................... 262,000 179,000 68.32 ——————— ——————— ——————— ————— Total 2013................................ 156,188,000 209,135,000 139,275,000 66.60 Total 2012................................ 271,618,000 222,768,000 117,458,000 52.73 Total 2011................................ 218,527,000 181,846,000 105,282,000 57.90 Total 2010................................ 151,461,000 138,162,000 88,996,000 64.41 Total 2009................................ 128,683,000 122,513,000 83,228,000 67.93

2013 Direct Premiums Written: +232,155,000 Growth: –15.99% 2013 Underwriting Performance Summary %

Reinsurance Assumed........................................... Reinsurance Ceded.............................. 75,967,000 Net Premiums Written........................ 156,188,000 Net Premiums Earned........................ 209,135,000 Net Claims & Adj Exp......................... 139,275,000 Commissions.......................................... 7,284,000 Taxes...................................................... 8,028,000 General Expenses................................ 46,401,000 Undwrwtg. Profit/Loss......................... –3,719,000 Investment Income................................. 6,465,000

Growth Rate (NPW)................................. –42.50 % of Market (NPW)..................................... 0.36 Earned Loss Ratio..................................... 66.60 Total Expense Ratio.................................. 29.51 Combined Loss & Exp. Ratio.................... 96.11 Return on Equity......................................... 5.60

Underwriting Result

2013: –$3,719,000 2012: +$8,214,000 2011: +$4,362,000 2010: +$12,081,000 2009: +$8,489,000

102

canadianunderwriter.ca CANADIAN UNDERWRITER STATISTICAL ISSUE 2014


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INTACT FINANCIAL CORPORATION

Class

Net Prems Net Prems Net Claims Claims Written Earned Incurred Ratio

Prop. - Personal...................... 1,518,375,000 1,500,629,000 1,033,803,000 68.89 Prop. - Commercial................. 856,411,000 847,771,000 666,676,000 78.64 Prop - Total ............................ 2,374,786,000 2,348,400,000 1,700,479,000 72.41 Aircraft..................................... 185,000 0.00 Auto. - Liability........................ 1,924,635,000 1,897,081,000 1,248,677,000 65.82 Auto. - Pers. Acc..................... 716,056,000 694,901,000 449,257,000 64.65 Auto. - Other............................ 1,323,678,000 1,313,025,000 899,903,000 68.54 Auto - Total ............................. 3,964,369,000 3,905,007,000 2,597,837,000 66.53 Boiler/Mach-excld................... 41,991,000 41,240,000 8,233,000 19.96 Fidelity..................................... 1,303,000 1,651,000 717,000 43.43 Hail.......................................... 165,000 163,000 6,000 3.68 Legal Expense......................... 6,280,000 5,839,000 9,013,000 154.36 Liability.................................... 288,037,000 297,382,000 100,124,000 33.67 Surety...................................... 88,033,000 86,192,000 46,098,000 53.48 Marine...................................... 25,169,000 25,149,000 15,757,000 62.65 Accident & Sickness................ –30,000 817,000 377,000 46.14 ——————— ——————— ——————— ————— Total 2013................................ 6,790,103,000 6,711,840,000 4,478,826,000 66.73 Total 2012................................ 6,290,072,000 6,242,659,000 3,881,221,000 62.17 Total 2011................................ 4,340,614,000 4,334,138,000 2,880,688,000 66.47 Total 2010................................ 4,352,337,000 4,231,326,000 2,802,014,000 66.22 Total 2009................................ 4,151,289,000 4,055,375,000 2,877,237,000 70.95

B-C

Charles Brindamour, President & C.E.O. 700 University Ave., 15th Floor Toronto ON M5G 0A1 416-341-1464 Fax:416-941-5320 www.intactfc.com

INTACT INSURANCE NOVEX NORDIC BELAIRDIRECT TRAFALGAR

2013 Direct Premiums Written: +7,305,494,000 Growth: 8.25% 2013 Underwriting Performance Summary %

Reinsurance Assumed.............................. 122,000 Reinsurance Ceded............................ 515,513,000 Net Premiums Written..................... 6,790,103,000 Net Premiums Earned..................... 6,711,840,000 Net Claims & Adj Exp...................... 4,478,826,000 Commissions................................... 1,114,451,000 Taxes.................................................. 243,495,000 General Expenses.............................. 739,140,000 Undwrwtg. Profit/Loss....................... 135,928,000 Investment Income............................. 307,125,000

Underwriting Result

2013: +$135,928,000 2010: +$157,397,000

Growth Rate (NPW)..................................... 7.95 % of Market (NPW)................................... 15.79 Earned Loss Ratio..................................... 66.73 Total Expense Ratio.................................. 31.24 Combined Loss & Exp. Ratio.................... 97.97 Return on Equity......................................... 7.65

2012: +$407,168,000 2009: +$12,350,000

2011: +$124,127,000

THE KINGS MUTUAL INSURANCE COMPANY

B-C

Daniel R. Lister, CA, President & Chief Executive Officer P.O. Box 10 Berwick NS B0P 1E0 902-538-3187 Fax:902-538-7271 www.kingsmutual.ns.ca dlister@kingsmutual.ns.ca Class

Net Prems Net Prems Net Claims Claims Written Earned Incurred Ratio

Prop. - Personal...................... 5,998,000 5,849,000 1,905,000 32.57 Prop. - Commercial................. 151,000 154,000 494,000 320.78 Prop - Total ............................ 6,149,000 6,003,000 2,399,000 39.96 Liability.................................... 843,000 847,000 30,000 3.54 ——————— ——————— ——————— ————— Total 2013................................ 6,992,000 6,850,000 2,429,000 35.46 Total 2012................................ 6,573,000 6,487,000 2,278,000 35.12 Total 2011................................ 6,371,000 6,169,000 1,495,000 24.23 Total 2010................................ 6,087,000 5,891,000 3,643,000 61.84 Total 2009................................ 5,897,000 5,799,000 2,405,000 41.47

2013 Direct Premiums Written: +7,905,000 Growth: 4.80% 2013 Underwriting Performance Summary %

Reinsurance Assumed................................ 13,000 Reinsurance Ceded................................... 926,000 Net Premiums Written............................ 6,992,000 Net Premiums Earned............................ 6,850,000 Net Claims & Adj Exp............................. 2,429,000 Commissions.......................................... 1,359,000 Taxes......................................................... 236,000 General Expenses.................................. 2,596,000 Undwrwtg. Profit/Loss............................ –496,000 Investment Income................................. 1,306,000

Growth Rate (NPW)..................................... 6.37 % of Market (NPW)..................................... 0.02 Earned Loss Ratio..................................... 35.46 Total Expense Ratio.................................. 61.18 Combined Loss & Exp. Ratio.................... 96.64 Return on Equity......................................... 2.50

Underwriting Result

2013: –$496,000 2012: –$682,000 2011: –$369,000 2010: –$1,410,000 2009: –$614,000

LIBERTY MUTUAL INSURANCE COMPANY

Michael Molony, Chief Agent 181 Bay St., Suite 1000, Brookfield Place Toronto ON M5J 2T3 416-365-7587 Fax:416-307-4372 www.libertymutual.com

Class

Net Prems Net Prems Net Claims Claims Written Earned Incurred Ratio

Prop. - Commercial................. 26,369,000 25,180,000 27,667,000 109.88 Prop - Total ............................ 26,369,000 25,180,000 27,667,000 109.88 Aircraft..................................... 1,381,000 1,445,000 –30,000 –2.08 Auto. - Liability........................ 17,852,000 18,958,000 12,740,000 67.20 Auto. - Pers. Acc..................... 3,193,000 2,734,000 1,411,000 51.61 Auto. - Other............................ 9,404,000 8,799,000 5,643,000 64.13 Auto - Total ............................. 30,449,000 30,491,000 19,794,000 64.92 Fidelity..................................... 4,283,000 3,683,000 812,000 22.05 Liability.................................... 84,345,000 78,700,000 47,583,000 60.46 Surety...................................... 12,516,000 3,627,000 1,098,000 30.27 Marine...................................... 3,384,000 2,952,000 1,577,000 53.42 ——————— ——————— ——————— ————— Total 2013................................ 162,727,000 146,078,000 98,501,000 67.43 Total 2012................................ 128,892,000 126,138,000 93,723,000 74.30 Total 2011................................ 122,119,000 117,070,000 82,946,000 70.85 Total 2010................................ 117,575,000 116,994,000 58,767,000 50.23 Total 2009................................ 109,236,000 111,662,000 43,049,000 38.55

104

D-US

2013 Direct Premiums Written: +235,676,000 Growth: 9.68% 2013 Underwriting Performance Summary %

Reinsurance Assumed......................... 11,633,000 Reinsurance Ceded............................ 113,025,000 Net Premiums Written........................ 162,727,000 Net Premiums Earned........................ 146,078,000 Net Claims & Adj Exp........................... 98,501,000 Commissions........................................ –2,292,000 Taxes...................................................... 7,842,000 General Expenses................................ 33,874,000 Undwrwtg. Profit/Loss........................... 8,153,000 Investment Income............................... 26,703,000

Growth Rate (NPW)................................... 26.25 % of Market (NPW)..................................... 0.38 Earned Loss Ratio..................................... 67.43 Total Expense Ratio.................................. 26.99 Combined Loss & Exp. Ratio.................... 94.42 Return on Equity......................................... 5.43

Underwriting Result

2013: +$8,153,000 2012: +$1,253,000 2011: –$3,098,000 2010: +$28,475,000 2009: +$32,216,000

canadianunderwriter.ca CANADIAN UNDERWRITER STATISTICAL ISSUE 2014


Insurers need to ‘see around corners’. Keith Morrison, Vice President, Specialty Casualty, Vancouver office, LIU Canada

Yes, there’s a Cyber insurer as responsible as you are. Managing technology and its inherent risks should be part of every insurance conversation. The frequency of security breaches, data theft and ‘hacking’ are all too familiar for businesses. Liberty International Underwriters TM (LIU) has responded with its Cyber Suite Insurance Policy. From regulatory and privacy liability, to business interruption, reputational harm and damage to digital assets, LIU knows the risks. We know technology has reshaped business for the better. Our job is to keep it that way. For more information about our Cyber insurance products, contact Keith Morrison at 604.648.1510 or visit www.liucanada.com

Responsibility. What’s your policy?™

SPECIALT Y C A SUALT Y • ALTERNATIVE RISK MGMT • WORKERS’ COMP • PROPERT Y • ENERGY • CONSTRUCTION • MARINE • RISK SERVICES

™Liberty International Underwriters, a division of Liberty Mutual Insurance Company

100161CA 05/2014


LAWYERS’ PROFESSIONAL INDEMNITY COMPANY D-C Iveri Vv Boudville 250 Yonge St Suite 3101 Toronto ON M5B 2L7 416-598-5831 Class

Net Prems Net Prems Net Claims Claims Written Earned Incurred Ratio

Liability.................................... 100,598,000 100,932,000 92,363,000 91.51 Title.......................................... 5,552,000 5,552,000 4,340,000 78.17 ——————— ——————— ——————— ————— Total 2013................................ 106,150,000 106,484,000 96,703,000 90.81 Total 2012................................ 104,777,000 104,717,000 106,106,000 101.33 Total 2011................................ 109,784,000 109,691,000 100,989,000 92.07

2013 Direct Premiums Written: +113,561,000 Growth: 2.61% 2013 Underwriting Performance Summary %

Reinsurance Assumed........................................... Reinsurance Ceded................................ 7,051,000 Net Premiums Written........................ 106,150,000 Net Premiums Earned........................ 106,484,000 Net Claims & Adj Exp........................... 96,703,000 Commissions.......................................... 1,535,000 Taxes...................................................... 3,408,000 General Expenses................................ 16,330,000 Undwrwtg. Profit/Loss......................... –8,422,000 Investment Income............................... 16,255,000

Growth Rate (NPW)..................................... 1.31 % of Market (NPW)..................................... 0.25 Earned Loss Ratio..................................... 90.81 Total Expense Ratio.................................. 19.98 Combined Loss & Exp. Ratio.................. 110.79 Return on Equity......................................... 3.29

Underwriting Result

2013: –$8,422,000 2012: –$19,259,000 2011: –$9,783,000

LEGACY GENERAL INSURANCE COMPANY

D-C

Isaac Sananes, B.A., A.L.H.C., President & C.E.O. 80 Tiverton Court, 5th Floor Markham ON L3R 0G4 905-948-2103 Fax:905-479-3224 Class

Net Prems Net Prems Net Claims Claims Written Earned Incurred Ratio

Prop - Total ............................ 0 0 0 Credit Protection..................... –125,000 0.00 Accident & Sickness................ 10,929,000 8,007,000 3,940,000 49.21 ——————— ——————— ——————— ————— Total 2013................................ 10,929,000 8,007,000 3,815,000 47.65 Total 2012................................ 12,082,000 9,718,000 2,687,000 27.65 Total 2011................................ 13,893,000 11,381,000 5,596,000 49.17 Total 2010................................ 29,288,000 25,192,000 3,841,000 15.25 Total 2009................................ 33,769,000 31,357,000 5,179,000 16.52

2013 Direct Premiums Written: +15,137,000 Growth: –13.83% 2013 Underwriting Performance Summary %

Reinsurance Assumed........................... 3,726,000 Reinsurance Ceded................................ 7,934,000 Net Premiums Written.......................... 10,929,000 Net Premiums Earned............................ 8,007,000 Net Claims & Adj Exp............................. 3,815,000 Commissions.......................................... 2,405,000 Taxes......................................................... 240,000 General Expenses.................................. 2,060,000 Undwrwtg. Profit/Loss............................ –513,000 Investment Income.................................... 395,000

Growth Rate (NPW)................................... –9.54 % of Market (NPW)..................................... 0.03 Earned Loss Ratio..................................... 47.65 Total Expense Ratio.................................. 58.76 Combined Loss & Exp. Ratio.................. 106.41 Return on Equity................................................

Underwriting Result

2013: –$513,000 2012: +$2,204,000 2011: 2010: +$1,804,000 2009: +$3,928,000

LLOYD’S UNDERWRITERS Lloyd’s Underwriters is not a company. The Canadian Business of Members of the Society of Lloyd’s is federally regulated and they are licensed to transact most classes of P&C insurance in all provinces and territories.

Class

Net Prems Net Prems Net Claims Claims Written Earned Incurred Ratio

Prop. - Personal...................... 100,534,000 102,113,000 51,401,000 50.34 Prop. - Commercial................. 911,607,000 896,736,000 561,562,000 62.62 Prop - Total ............................ 1,012,141,000 998,849,000 612,963,000 61.37 Aircraft..................................... 53,234,000 55,601,000 27,851,000 50.09 Auto. - Liability........................ 6,600,000 4,885,000 299,000 6.12 Auto. - Pers. Acc..................... 1,007,000 618,000 –470,000 –76.05 Auto. - Other............................ 19,698,000 20,594,000 16,556,000 80.39 Auto - Total ............................. 27,305,000 26,097,000 16,385,000 62.78 Boiler/Mach-excld................... 51,741,000 31,936,000 22,358,000 70.01 Credit....................................... 4,685,000 4,168,000 –2,118,000 –50.82 Fidelity..................................... 17,147,000 15,391,000 3,101,000 20.15 Hail.......................................... 1,223,000 1,274,000 235,000 18.45 Legal Expense......................... 768,000 726,000 235,000 32.37 Liability.................................... 1,051,124,000 1,012,095,000 578,619,000 57.17 Surety...................................... 2,743,000 3,227,000 2,615,000 81.04 Marine...................................... 78,221,000 78,840,000 48,793,000 61.89 Accident & Sickness................ 96,530,000 91,133,000 58,355,000 64.03 ——————— ——————— ——————— ————— Total 2013................................ 2,396,862,000 2,319,337,000 1,369,392,000 59.04 Total 2012................................ 2,093,962,000 2,051,838,000 1,042,907,000 50.83 Total 2011................................ 2,206,620,000 2,206,620,000 1,397,802,000 63.35 Total 2010................................ 1,959,781,000 1,959,781,000 1,148,320,000 58.59 Total 2009................................ 1,729,476,000 1,729,476,000 820,366,000 47.43

106

+$2,000

B-UK Sean Murphy, President, Lloyd’s Canada; Attorney Infact, Lloyd’s Underwriters 1155 Rue Metcalfe, Suite 2220, Montreal QC H3B 2V6 514-861-8361, Fax:514-861-0470 www.lloyds.com, info@lloyds.ca

2013 Direct Premiums Written: +1,986,883,000 Growth: 16.62% 2013 Underwriting Performance Summary %

Reinsurance Assumed....................... 338,515,000 Reinsurance Ceded................................................ Net Premiums Written..................... 2,396,862,000 Net Premiums Earned..................... 2,319,337,000 Net Claims & Adj Exp...................... 1,369,392,000 Commissions...................................... 542,805,000 Taxes.................................................... 60,287,000 General Expenses.................................. 8,080,000 Undwrwtg. Profit/Loss....................... 338,773,000 Investment Income............................... 65,430,000

Underwriting Result

2013: +$338,773,000 2010: +$289,144,000

Growth Rate (NPW)................................... 14.47 % of Market (NPW)..................................... 5.57 Earned Loss Ratio..................................... 59.04 Total Expense Ratio.................................. 26.35 Combined Loss & Exp. Ratio.................... 85.39 Return on Equity................................................

2012: +$451,914,000 2009: +$415,397,000

2011: +$206,868,000

canadianunderwriter.ca CANADIAN UNDERWRITER STATISTICAL ISSUE 2014


THE MEARIE GROUP

D-C Charlie (C.C.) Macaluso, Chief Executive Officer, Attorney in Fact 3700 Steeles Ave. W., Suite 1100 Vaughan ON L4L 8K8 905-265-5300 Fax:905-265-5301 www.mearie.ca cmacaluso@mearie.ca

Class

Net Prems Net Prems Net Claims Claims Written Earned Incurred Ratio

Prop. - Commercial................. 491,000 491,000 11,000 2.24 Prop - Total ............................ 491,000 491,000 11,000 2.24 Auto. - Liability........................ 198,000 198,000 49,000 24.75 Auto. - Pers. Acc..................... 100,000 100,000 Auto. - Other............................ 302,000 302,000 3,000 0.99 Auto - Total ............................. 600,000 600,000 52,000 8.67 Liability.................................... 6,677,000 6,677,000 3,486,000 52.21 ——————— ——————— ——————— ————— Total 2013................................ 7,768,000 7,768,000 3,549,000 45.69 Total 2012................................ 5,768,000 5,768,000 3,567,000 61.84 Total 2011................................ 6,772,000 6,772,000 1,775,000 26.21 Total 2010................................ 4,846,000 4,846,000 1,504,000 31.04

2013 Direct Premiums Written: +11,646,000 Growth: 23.81% 2013 Underwriting Performance Summary %

Reinsurance Assumed........................................... Reinsurance Ceded................................ 3,878,000 Net Premiums Written............................ 7,768,000 Net Premiums Earned............................ 7,768,000 Net Claims & Adj Exp............................. 3,549,000 Commissions.......................................................... Taxes......................................................... 364,000 General Expenses.................................. 2,188,000 Undwrwtg. Profit/Loss........................... 1,822,000 Investment Income................................. 2,884,000

Growth Rate (NPW)................................... 34.67 % of Market (NPW)..................................... 0.02 Earned Loss Ratio..................................... 45.69 Total Expense Ratio.................................. 32.85 Combined Loss & Exp. Ratio.................... 78.54 Return on Equity......................................... 8.60

Underwriting Result

2013: +$1,822,000 2012: –$252,000 2011: +$2,467,000 2010: +$978,000

MENNONITE MUTUAL FIRE INSURANCE COMPANY B-C Valerie Fehr, President & Chief Executive Officer Box 190 Waldheim SK S0K 4R0 306-945-2239 Fax:306-945-4666 www.mmfi.com fehrv@mmfi.com Class

Net Prems Net Prems Net Claims Claims Written Earned Incurred Ratio

Prop. - Personal...................... 6,065,000 5,587,000 2,793,000 49.99 Prop. - Commercial................. 920,000 897,000 1,251,000 139.46 Prop - Total ............................ 6,985,000 6,484,000 4,044,000 62.37 Auto. - Liability........................ 109,000 82,000 Auto. - Other............................ 231,000 141,000 207,000 146.81 Auto - Total ............................. 340,000 223,000 207,000 92.83 Boiler/Mach-excld................... 2,000 7,000 –13,000 –185.71 Liability.................................... 625,000 578,000 20,000 3.46 Accident & Sickness................ 3,000 2,000 ——————— ——————— ——————— ————— Total 2013................................ 7,955,000 7,294,000 4,258,000 58.38 Total 2012................................ 7,019,000 6,576,000 8,558,000 130.14 Total 2011................................ 6,472,000 6,245,000 3,663,000 58.65 Total 2010................................ 6,058,000 5,877,000 3,181,000 54.13 Total 2009................................ 5,601,000 5,441,000 2,209,000 40.60

2013 Direct Premiums Written: +16,269,000 Growth: 11.88% 2013 Underwriting Performance Summary %

Reinsurance Assumed........................................... Reinsurance Ceded................................ 8,314,000 Net Premiums Written............................ 7,955,000 Net Premiums Earned............................ 7,294,000 Net Claims & Adj Exp............................. 4,258,000 Commissions.......................................... 5,760,000 Taxes......................................................... 198,000 General Expenses.................................. 1,765,000 Undwrwtg. Profit/Loss.............................. 815,000 Investment Income.................................... 237,000

Growth Rate (NPW)................................... 13.34 % of Market (NPW)..................................... 0.02 Earned Loss Ratio..................................... 58.38 Total Expense Ratio................................ 105.88 Combined Loss & Exp. Ratio.................. 164.26 Return on Equity....................................... 10.97

Underwriting Result

2013: +$815,000 2012: +$428,000 2011: +$859,000 2010: +$766,000 2009: +$1,499,000

MITSUI SUMITOMO INSURANCE Ellen J. Moore, Chief Agent For Canada COMPANY, LIMITED One Financial Place, 1 Adelaide St. E.

B-F

Toronto ON M5C 2V9 416-863-0550 Fax:416-863-3144 Class

Net Prems Net Prems Net Claims Claims Written Earned Incurred Ratio

Prop. - Personal...................... 127,000 127,000 3,000 2.36 Prop. - Commercial................. 5,611,000 5,794,000 1,550,000 26.75 Prop - Total ............................ 5,738,000 5,921,000 1,553,000 26.23 Aircraft..................................... 5,432,000 5,966,000 1,916,000 32.12 Auto. - Liability........................ 3,528,000 3,693,000 1,462,000 39.59 Auto. - Pers. Acc..................... 28,000 23,000 26,000 113.04 Auto. - Other............................ 34,000 33,000 21,000 63.64 Auto - Total ............................. 3,590,000 3,749,000 1,509,000 40.25 Boiler/Mach-excld................... 322,000 309,000 7,000 2.27 Credit....................................... –1,000 0.00 Fidelity..................................... 118,000 118,000 –2,000 –1.69 Liability.................................... 4,665,000 4,500,000 10,458,000 232.40 Surety...................................... 3,000 3,000 Marine...................................... 161,000 151,000 –28,000 –18.54 ——————— ——————— ——————— ————— Total 2013................................ 20,029,000 20,717,000 15,412,000 74.39 Total 2012................................ 24,182,000 21,141,000 9,479,000 44.84 Total 2011................................ 20,739,000 20,635,000 15,145,000 73.39 Total 2010................................ 21,868,000 21,778,000 14,171,000 65.07 Total 2009................................ 22,230,000 24,080,000 5,944,000 24.68

CANADIAN UNDERWRITER STATISTICAL ISSUE 2014

2013 Direct Premiums Written: +22,078,000 Growth: –5.35% 2013 Underwriting Performance Summary %

Reinsurance Assumed.............................. 294,000 Reinsurance Ceded................................ 2,343,000 Net Premiums Written.......................... 20,029,000 Net Premiums Earned.......................... 20,717,000 Net Claims & Adj Exp........................... 15,412,000 Commissions.......................................... 1,957,000 Taxes......................................................... 776,000 General Expenses.................................. 3,449,000 Undwrwtg. Profit/Loss............................ –877,000 Investment Income................................. 2,067,000

Growth Rate (NPW)................................. –17.17 % of Market (NPW)..................................... 0.05 Earned Loss Ratio..................................... 74.39 Total Expense Ratio.................................. 29.84 Combined Loss & Exp. Ratio.................. 104.23 Return on Equity......................................... 2.50

Underwriting Result

2013: –$877,000 2012: +$5,112,000 2011: –$866,000 2010: +$1,405,000 2009: +$11,171,000

107


MOTORS INSURANCE CORPORATION

D-US

C.W. Hastings, Director Canadian Operations 8500 Leslie St., Suite 400 Thornhill ON L3T 7M8 905-882-3900 Fax:905-882-3955

Class

Net Prems Net Prems Net Claims Claims Written Earned Incurred Ratio

Auto. - Liability........................ 350,000 12,780,000 3,217,000 25.17 Auto. - Pers. Acc..................... 177,000 11,937,000 8,794,000 73.67 Auto. - Other............................ 4,440,000 10,172,000 9,815,000 96.49 Auto - Total ............................. 4,967,000 34,889,000 21,826,000 62.56 Boiler/Mach-equip................... 10,646,000 10,015,000 3,371,000 33.66 Liability.................................... 39,370,000 46,080,000 25,359,000 55.03 ——————— ——————— ——————— ————— Total 2013................................ 54,983,000 90,984,000 50,556,000 55.57 Total 2012................................ 56,008,000 129,661,000 83,951,000 64.75 Total 2011................................ 134,752,000 153,871,000 97,513,000 63.37 Total 2010................................ 136,151,000 160,488,000 115,206,000 71.78 Total 2009................................ 129,376,000 183,782,000 107,688,000 58.60

2013 Direct Premiums Written: +95,443,000 Growth: –40.32% 2013 Underwriting Performance Summary %

Reinsurance Assumed........................................... Reinsurance Ceded.............................. 40,460,000 Net Premiums Written.......................... 54,983,000 Net Premiums Earned.......................... 90,984,000 Net Claims & Adj Exp........................... 50,556,000 Commissions.......................................... 6,336,000 Taxes...................................................... 4,052,000 General Expenses.................................. 1,553,000 Undwrwtg. Profit/Loss......................... 29,328,000 Investment Income............................... 12,382,000

Growth Rate (NPW)................................... –1.83 % of Market (NPW)..................................... 0.13 Earned Loss Ratio..................................... 55.57 Total Expense Ratio.................................. 13.12 Combined Loss & Exp. Ratio.................... 68.69 Return on Equity....................................... 11.24

Underwriting Result

2013: +$29,328,000 2012: +$27,150,000 2010: +$22,274,000 2009: +$45,877,000

2011: +$33,403,000

THE MUTUAL FIRE INSURANCE COMPANY OF BRITISH COLUMBIA Don Hooge, Chairman

B-C

Darin Nessel, President & Chief Executive Officer 201-9366-200A Street Langley BC V1M 4B3 604-881-1250 Fax:604-881-1440 www.mutualfirebc.com dlnessel@mutualfirebc.com Class

Net Prems Net Prems Net Claims Claims Written Earned Incurred Ratio

Prop. - Personal...................... 14,199,000 12,677,000 14,179,000 111.85 Prop. - Commercial................. 27,444,000 26,468,000 5,314,000 20.08 Prop - Total ............................ 41,643,000 39,145,000 19,493,000 49.80 Boiler/Mach-excld................... 32,000 32,000 13,000 40.63 Liability.................................... 2,243,000 2,223,000 1,102,000 49.57 ——————— ——————— ——————— ————— Total 2013................................ 43,918,000 41,400,000 20,608,000 49.78 Total 2012................................ 38,336,000 35,548,000 22,285,000 62.69 Total 2011................................ 32,802,000 29,561,000 15,862,000 53.66 Total 2010................................ 25,186,000 23,965,000 8,874,000 37.03 Total 2009................................ 19,058,000 16,972,000 10,397,000 61.26

2013 Direct Premiums Written: +54,111,000 Growth: 16.70% 2013 Underwriting Performance Summary %

Reinsurance Assumed........................................... Reinsurance Ceded.............................. 10,193,000 Net Premiums Written.......................... 43,918,000 Net Premiums Earned.......................... 41,400,000 Net Claims & Adj Exp........................... 20,608,000 Commissions........................................ 11,689,000 Taxes......................................................... 328,000 General Expenses.................................. 5,078,000 Undwrwtg. Profit/Loss........................... 3,750,000 Investment Income................................. 1,971,000

Growth Rate (NPW)................................... 14.56 % of Market (NPW)..................................... 0.10 Earned Loss Ratio..................................... 49.78 Total Expense Ratio.................................. 41.29 Combined Loss & Exp. Ratio.................... 91.07 Return on Equity....................................... 14.57

Underwriting Result

2013: +$3,750,000 2012: –$1,091,000 2011: +$1,534,000 2010: +$4,956,000 2009: +$246,000

NORTH WATERLOO FARMERS MUTUAL INSURANCE COMPANY Carlos A Rodrigues, President & C.E.O.

B-C

100 Erb St. E. Waterloo ON N2J 1L9 519-886-4530 Fax:519-746-0222 www.nwfm.com

Class

Net Prems Net Prems Net Claims Claims Written Earned Incurred Ratio

Prop. - Personal...................... 25,485,000 24,622,000 18,419,000 74.81 Prop. - Commercial................. 13,903,000 12,934,000 –943,000 –7.29 Prop - Total ............................ 39,388,000 37,556,000 17,476,000 46.53 Auto. - Liability........................ 11,783,000 11,134,000 5,944,000 53.39 Auto. - Pers. Acc..................... 9,919,000 10,070,000 6,816,000 67.69 Auto. - Other............................ 12,651,000 12,245,000 7,756,000 63.34 Auto - Total ............................. 34,353,000 33,449,000 20,516,000 61.34 Boiler/Mach-excld................... –4,000 0.00 Hail.......................................... 189,000 189,000 Liability.................................... 4,039,000 3,745,000 3,390,000 90.52 Accident & Sickness................ 10,000 10,000 ——————— ——————— ——————— ————— Total 2013................................ 77,979,000 74,949,000 41,378,000 55.21 Total 2012................................ 74,375,000 72,592,000 39,838,000 54.88 Total 2011................................ 70,695,000 65,525,000 39,216,000 59.85 Total 2010................................ 61,030,000 57,090,000 34,096,000 59.72 Total 2009................................ 54,526,000 52,339,000 30,950,000 59.13

108

2013 Direct Premiums Written: +87,939,000 Growth: 5.84% 2013 Underwriting Performance Summary %

Reinsurance Assumed........................................... Reinsurance Ceded................................ 9,960,000 Net Premiums Written.......................... 77,979,000 Net Premiums Earned.......................... 74,949,000 Net Claims & Adj Exp........................... 41,378,000 Commissions........................................ 16,488,000 Taxes...................................................... 2,471,000 General Expenses................................ 10,390,000 Undwrwtg. Profit/Loss........................... 5,249,000 Investment Income.................................... 516,000

Growth Rate (NPW)..................................... 4.85 % of Market (NPW)..................................... 0.18 Earned Loss Ratio..................................... 55.21 Total Expense Ratio.................................. 39.16 Combined Loss & Exp. Ratio.................... 94.37 Return on Equity......................................... 7.03

Underwriting Result

2013: +$5,249,000 2012: +$5,929,000 2011: +$2,641,000 2010: +$1,333,000 2009: +$1,845,000

canadianunderwriter.ca CANADIAN UNDERWRITER STATISTICAL ISSUE 2014


NORTHBRIDGE FINANCIAL CORPORATION Northbridge Group financial data in this publication reflects an aggregation of subsidiary financial data prepared on a statutory basis. Financial data by class reflects subsidiary financial data transacted in all jurisdictions

Class

Net Prems Net Prems Net Claims Claims Written Earned Incurred Ratio

Prop. - Personal...................... 65,606,000 62,430,000 38,554,000 61.76 Prop. - Commercial................. 301,890,000 279,307,000 175,826,000 62.95 Prop - Total ............................ 367,496,000 341,737,000 214,380,000 62.73 Auto. - Liability........................ 224,636,000 221,686,000 144,393,000 65.13 Auto. - Pers. Acc..................... 60,773,000 60,173,000 45,553,000 75.70 Auto. - Other............................ 161,483,000 151,193,000 90,691,000 59.98 Auto - Total ............................. 446,892,000 433,052,000 280,637,000 64.80 Boiler/Mach-excld................... 6,421,000 5,943,000 735,000 12.37 Fidelity..................................... 2,262,000 2,253,000 1,049,000 46.56 Liability.................................... 206,092,000 204,267,000 85,892,000 42.05 Surety...................................... 907,000 1,209,000 920,000 76.10 Marine...................................... 32,041,000 31,236,000 21,160,000 67.74 ——————— ——————— ——————— ————— Total 2013................................ 1,062,111,000 1,019,697,000 604,773,000 59.31 Total 2012................................ 950,054,000 987,599,000 751,831,000 76.13 Total 2011................................ 1,085,923,000 1,059,816,000 760,109,000 71.72 Total 2010................................ 1,007,728,000 1,021,415,000 772,929,000 75.67 Total 2009................................ 1,042,176,000 1,091,012,000 742,947,000 68.10

B-C

Silvy Wright, President & Chief Executive Officer 105 Adelaide St W., Suite 700 Toronto ON M5H 1P9 416-350-4300 Fax:416-350-4307 www.nbfc.com

2013 Direct Premiums Written: +1,171,949,000 Growth: 0.86% 2013 Underwriting Performance Summary %

Reinsurance Assumed........................... 4,604,000 Reinsurance Ceded............................ 123,364,000 Net Premiums Written..................... 1,062,111,000 Net Premiums Earned..................... 1,019,697,000 Net Claims & Adj Exp......................... 604,773,000 Commissions...................................... 164,954,000 Taxes.................................................... 39,272,000 General Expenses.............................. 174,954,000 Undwrwtg. Profit/Loss......................... 41,158,000 Investment Income................................. 7,354,000

Growth Rate (NPW)................................... 11.79 % of Market (NPW)..................................... 2.47 Earned Loss Ratio..................................... 59.31 Total Expense Ratio.................................. 37.19 Combined Loss & Exp. Ratio.................... 96.50 Return on Equity......................................... 3.00

Underwriting Result

2013: +$41,158,000 2012: –$118,858,000 2010: –$82,912,000 2009: –$34,108,000

2011: –$61,314,000

OLD REPUBLIC INSURANCE COMPANY OF CANADA D-US 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 Class

Net Prems Net Prems Net Claims Claims Written Earned Incurred Ratio

Prop. - Personal...................... 46,000 59,000 61,000 103.39 Prop. - Commercial................. 6,950,000 7,061,000 5,010,000 70.95 Prop - Total ............................ 6,996,000 7,120,000 5,071,000 71.22 Aircraft..................................... 14,000 14,000 84,000 600.00 Auto. - Liability........................ 32,090,000 33,616,000 23,504,000 69.92 Auto. - Pers. Acc..................... 4,283,000 4,626,000 6,648,000 143.71 Auto. - Other............................ 13,654,000 14,463,000 10,788,000 74.59 Auto - Total ............................. 50,027,000 52,705,000 40,940,000 77.68 Liability.................................... 3,483,000 3,449,000 21,000 0.61 ——————— ——————— ——————— ————— Total 2013................................ 60,520,000 63,288,000 46,116,000 72.87 Total 2012................................ 55,801,000 52,189,000 40,360,000 77.33 Total 2011................................ 49,764,000 46,880,000 30,921,000 65.96 Total 2010................................ 45,920,000 41,661,000 27,693,000 66.47 Total 2009................................ 35,431,000 32,028,000 18,283,000 57.08

2013 Direct Premiums Written: +73,111,000 Growth: 3.55% 2013 Underwriting Performance Summary %

Reinsurance Assumed........................................... Reinsurance Ceded.............................. 12,591,000 Net Premiums Written.......................... 60,520,000 Net Premiums Earned.......................... 63,288,000 Net Claims & Adj Exp........................... 46,116,000 Commissions.......................................... 8,999,000 Taxes...................................................... 2,438,000 General Expenses.................................. 5,258,000 Undwrwtg. Profit/Loss.............................. 477,000 Investment Income................................. 3,724,000

Growth Rate (NPW)..................................... 8.46 % of Market (NPW)..................................... 0.14 Earned Loss Ratio..................................... 72.87 Total Expense Ratio.................................. 26.38 Combined Loss & Exp. Ratio.................... 99.25 Return on Equity......................................... 5.87

Underwriting Result

2013: +$477,000 2012: –$1,672,000 2011: +$3,601,000 2010: +$2,985,000 2009: +$2,644,000

OMEGA GENERAL INSURANCE COMPANY

Philip Cook, Chief Executive Officer 36 King St. E., Suite 500 Toronto ON M5C 1E5 www.omegageneral.com contactus@omegageneral.com

Class

Net Prems Net Prems Net Claims Claims Written Earned Incurred Ratio

Prop. - Personal...................... 19,246,000 19,076,000 10,477,000 54.92 Prop. - Commercial................. –48,000 –8,000 –535,000 6,687.50 Prop - Total ............................ 19,198,000 19,068,000 9,942,000 52.14 Aircraft..................................... 61,000 61,000 290,000 475.41 Auto. - Liability........................ –553,000 0.00 Auto. - Other............................ –3,000 –3,000 –5,000 166.67 Auto - Total ............................. –3,000 –3,000 –558,000 18,600.00 Boiler/Mach-excld................... –7,000 –7,000 Fidelity..................................... 284,000 284,000 56,000 19.72 Liability.................................... 985,000 1,062,000 747,000 70.34 Surety...................................... –290,000 –290,000 –142,000 48.97 Accident & Sickness................ –6,000 –6,000 ——————— ——————— ——————— ————— Total 2013................................ 20,222,000 20,169,000 10,335,000 51.24 Total 2012................................ 17,927,000 18,747,000 13,387,000 71.41 Total 2011................................ 18,437,000 18,430,000 12,617,000 68.46 Total 2010................................ 14,568,000 13,696,000 6,749,000 49.28 Total 2009................................ 1,993,000 1,524,000 711,000 46.65

CANADIAN UNDERWRITER STATISTICAL ISSUE 2014

B-C

2013 Direct Premiums Written: +28,452,000 Growth: 19.11% 2013 Underwriting Performance Summary %

Reinsurance Assumed................................ 27,000 Reinsurance Ceded................................ 8,257,000 Net Premiums Written.......................... 20,222,000 Net Premiums Earned.......................... 20,169,000 Net Claims & Adj Exp........................... 10,335,000 Commissions.......................................... 7,636,000 Taxes...................................................... 1,050,000 General Expenses.................................. 1,397,000 Undwrwtg. Profit/Loss............................ –249,000 Investment Income.................................... 728,000

Growth Rate (NPW)................................... 12.80 % of Market (NPW)..................................... 0.05 Earned Loss Ratio..................................... 51.24 Total Expense Ratio.................................. 49.99 Combined Loss & Exp. Ratio.................. 101.23 Return on Equity......................................... 3.37

Underwriting Result

2013: –$249,000 2012: –$2,652,000 2011: –$1,344,000 2010: +$2,340,000 2009: –$981,000

109


ONTARIO MUTUAL INSURANCE ASSOCIATION John Taylor, BBA,FCIP,CHRP, President Deb Van Eyk, Chairman of Board 350 Pinebush Rd, Box 3187 Cambridge ON N3H 4S6 519-622-9220 Fax:519-622-9227 www.ontariomutuals.com

Class

Net Prems Net Prems Net Claims Claims Written Earned Incurred Ratio

Prop. - Personal...................... 253,491,000 248,969,000 156,912,000 63.02 Prop. - Commercial................. 42,559,000 42,523,000 16,162,000 38.01 Prop - Total ............................ 296,050,000 291,492,000 173,074,000 59.38 Auto. - Liability........................ 99,039,000 99,367,000 38,774,000 39.02 Auto. - Pers. Acc..................... 56,147,000 57,771,000 31,952,000 55.31 Auto. - Other............................ 59,564,000 60,063,000 37,154,000 61.86 Auto - Total ............................. 214,750,000 217,201,000 107,880,000 49.67 Boiler/Mach-excld................... –32,000 –26,000 Fidelity..................................... 28,000 28,000 Hail.......................................... 109,000 126,000 29,000 23.02 Liability.................................... 40,529,000 40,363,000 13,973,000 34.62 Other Apprvd. Prod................. 10,000 10,000 Accident & Sickness................ 272,000 267,000 255,000 95.51 ——————— ——————— ——————— ————— Total 2013................................ 551,716,000 549,461,000 295,211,000 53.73 Total 2012................................ 539,580,000 529,416,000 269,369,000 50.88 Total 2011................................ 519,070,000 498,344,000 297,307,000 59.66 Total 2010................................ 480,446,000 452,410,000 242,526,000 53.61 Total 2009................................ 432,620,000 411,816,000 259,307,000 62.97

B-C

2013 Direct Premiums Written: +667,108,000 Growth: 0.61% 2013 Underwriting Performance Summary %

Reinsurance Assumed........................... 1,174,000 Reinsurance Ceded............................ 116,566,000 Net Premiums Written........................ 551,716,000 Net Premiums Earned........................ 549,461,000 Net Claims & Adj Exp......................... 295,211,000 Commissions...................................... 111,045,000 Taxes...................................................... 1,388,000 General Expenses.............................. 113,732,000 Undwrwtg. Profit/Loss......................... 46,795,000 Investment Income............................... 55,029,000

Underwriting Result

Growth Rate (NPW)..................................... 2.25 % of Market (NPW)..................................... 1.28 Earned Loss Ratio..................................... 53.73 Total Expense Ratio.................................. 41.16 Combined Loss & Exp. Ratio.................... 94.89 Return on Equity................................................

2013: +$46,795,000 2012: +$61,306,000 2010: +$28,505,000 2009: –$2,105,000

2011: +$17,161,000

ONTARIO SCHOOL BOARD’S INSURANCE EXCHANGE D-C Jim H. Sami, Chief Executive Officer 91 Westmount Rd. Guelph ON N1H 5J2 519-767-2182 Fax:519-767-0281

Class

Net Prems Net Prems Net Claims Claims Written Earned Incurred Ratio

Prop. - Commercial................. 13,201,000 13,201,000 13,361,000 101.21 Prop - Total ............................ 13,201,000 13,201,000 13,361,000 101.21 Auto. - Liability........................ 600,000 651,000 –39,000 –5.99 Auto. - Pers. Acc..................... 274,000 274,000 –66,000 –24.09 Auto. - Other............................ 419,000 470,000 –47,000 –10.00 Auto - Total ............................. 1,293,000 1,395,000 –152,000 –10.90 Boiler/Mach-excld................... 181,000 181,000 696,000 384.53 Fidelity..................................... 991,000 991,000 –66,000 –6.66 Liability.................................... 21,427,000 21,846,000 14,955,000 68.46 ——————— ——————— ——————— ————— Total 2013................................ 37,093,000 37,614,000 28,794,000 76.55 Total 2012................................ 35,934,000 36,417,000 30,863,000 84.75 Total 2011................................ 34,832,000 35,297,000 23,681,000 67.09 Total 2010................................ 33,131,000 33,571,000 26,413,000 78.68 Total 2009................................ 32,520,000 32,960,000 29,168,000 88.50

2013 Direct Premiums Written: +40,165,000 Growth: 3.62% 2013 Underwriting Performance Summary %

Reinsurance Assumed........................................... Reinsurance Ceded................................ 3,072,000 Net Premiums Written.......................... 37,093,000 Net Premiums Earned.......................... 37,614,000 Net Claims & Adj Exp........................... 28,794,000 Commissions.......................................................... Taxes...................................................... 1,173,000 General Expenses.................................. 2,350,000 Undwrwtg. Profit/Loss........................... 5,297,000 Investment Income................................. 5,709,000

Underwriting Result

2013: +$5,297,000 2012: +$2,178,000 2011: +$8,453,000 2010: +$4,123,000 2009: +$881,000

OPTIMUM GENERAL INC. OPTIMUM WEST INSURANCE COMPANY OPTIMUM SOCIETE D’ASSURANCE INC OPTIMUM ASSURANCE AGRICOLE INC

Class

Net Prems Net Prems Net Claims Claims Written Earned Incurred Ratio

Prop. - Personal...................... 39,026,000 37,375,000 20,650,000 55.25 Prop. - Commercial................. 19,041,000 18,428,000 6,598,000 35.80 Prop - Total ............................ 58,067,000 55,803,000 27,248,000 48.83 Auto. - Liability........................ 20,014,000 22,125,000 11,392,000 51.49 Auto. - Pers. Acc..................... 8,496,000 5,893,000 8,387,000 142.32 Auto. - Other............................ 9,796,000 9,792,000 6,638,000 67.79 Auto - Total ............................. 38,306,000 37,810,000 26,417,000 69.87 Boiler/Mach-excld................... 1,000 2,000 3,000 150.00 Fidelity..................................... 42,000 39,000 4,000 10.26 Liability.................................... 15,222,000 14,647,000 2,688,000 18.35 Surety...................................... 1,000 6,000 ——————— ——————— ——————— ————— Total 2013................................ 111,639,000 108,307,000 56,360,000 52.04 Total 2012................................ 105,195,000 102,818,000 50,651,000 49.26 Total 2011................................ 94,442,000 92,592,000 48,460,000 52.34 Total 2010................................ 90,980,000 87,320,000 46,039,000 52.72 Total 2009................................ 82,884,000 79,564,000 41,076,000 51.63

110

Growth Rate (NPW)..................................... 3.23 % of Market (NPW)..................................... 0.09 Earned Loss Ratio..................................... 76.55 Total Expense Ratio.................................... 9.37 Combined Loss & Exp. Ratio.................... 85.92 Return on Equity....................................... 14.49

B-C

Anabelle Blondeau, President & Chief Executive Officer 425 de Maisonneuve Blvd. W Suite 1500 Montreal QC H3A 3G5 514-288-8725 Fax:514-288-0760

2013 Direct Premiums Written: +140,381,000 Growth: 8.84% 2013 Underwriting Performance Summary %

Reinsurance Assumed........................................... Reinsurance Ceded.............................. 28,742,000 Net Premiums Written........................ 111,639,000 Net Premiums Earned........................ 108,307,000 Net Claims & Adj Exp........................... 56,360,000 Commissions........................................ 16,739,000 Taxes...................................................... 4,577,000 General Expenses................................ 23,757,000 Undwrwtg. Profit/Loss........................... 6,888,000 Investment Income................................. 3,210,000

Growth Rate (NPW)..................................... 6.13 % of Market (NPW)..................................... 0.26 Earned Loss Ratio..................................... 52.04 Total Expense Ratio.................................. 41.62 Combined Loss & Exp. Ratio.................... 93.66 Return on Equity....................................... 11.74

Underwriting Result

2013: +$6,888,000 2012: +$7,693,000 2011: +$4,128,000 2010: +$2,577,000 2009: +$992,000

canadianunderwriter.ca CANADIAN UNDERWRITER STATISTICAL ISSUE 2014


P.E.I. MUTUAL INSURANCE COMPANY

D-C

Terrence Shea, General Manager 201 Water St. Summerside PE C1N 1B4 902-436-2185 www.peimutual.com protect@peimutual.com Class

Net Prems Net Prems Net Claims Claims Written Earned Incurred Ratio

Prop. - Personal...................... 8,300,000 8,161,000 7,042,000 86.29 Prop. - Commercial................. 6,336,000 6,339,000 4,727,000 74.57 Prop - Total ............................ 14,636,000 14,500,000 11,769,000 81.17 Legal Expense......................... 6,000 0.00 Liability.................................... 1,670,000 1,698,000 693,000 40.81 ——————— ——————— ——————— ————— Total 2013................................ 16,306,000 16,198,000 12,468,000 76.97 Total 2012................................ 15,621,000 14,952,000 8,869,000 59.32 Total 2011................................ 14,819,000 14,229,000 9,871,000 69.37 Total 2010................................ 13,758,000 13,040,000 9,140,000 70.09 Total 2009................................ 13,220,000 12,656,000 7,450,000 58.87

2013 Direct Premiums Written: +18,555,000 Growth: 3.31% 2013 Underwriting Performance Summary %

Reinsurance Assumed.................................. 5,000 Reinsurance Ceded................................ 2,254,000 Net Premiums Written.......................... 16,306,000 Net Premiums Earned.......................... 16,198,000 Net Claims & Adj Exp........................... 12,468,000 Commissions.......................................... 2,252,000 Taxes......................................................... 185,000 General Expenses.................................. 3,332,000 Undwrwtg. Profit/Loss......................... –2,039,000 Investment Income................................. 3,282,000

Growth Rate (NPW)..................................... 4.39 % of Market (NPW)..................................... 0.04 Earned Loss Ratio..................................... 76.97 Total Expense Ratio.................................. 35.62 Combined Loss & Exp. Ratio.................. 112.59 Return on Equity......................................... 2.73

Underwriting Result

2013: –$2,039,000 2012: +$608,000 2011: –$805,000 2010: –$1,291,000 2009: +$625,000

PACIFIC COAST FISHERMEN’S MUTUAL MARINE 3757 Canada Way INSURANCE COMPANY Burnaby BC V5G 1G5

D-C

604-438-4240 Fax:604-438-5756 www.mutualmarine.bc.ca info@mutualmarine.bc.ca

Class

Net Prems Net Prems Net Claims Claims Written Earned Incurred Ratio

Marine...................................... 5,470,000 5,467,000 687,000 12.57 ——————— ——————— ——————— ————— Total 2013................................ 5,470,000 5,467,000 687,000 12.57 Total 2012................................ 5,470,000 5,603,000 596,000 10.64 Total 2011................................ 6,070,000 6,161,000 983,000 15.96 Total 2010................................ 5,916,000 5,927,000 647,000 10.92 Total 2009................................ 6,070,000 5,986,000 574,000 9.59

2013 Direct Premiums Written: +6,185,000 Growth: –1.07% 2013 Underwriting Performance Summary %

Reinsurance Assumed........................................... Reinsurance Ceded................................... 715,000 Net Premiums Written............................ 5,470,000 Net Premiums Earned............................ 5,467,000 Net Claims & Adj Exp................................ 687,000 Commissions.......................................................... Taxes...................................................................... General Expenses..................................... 963,000 Undwrwtg. Profit/Loss........................... 3,817,000 Investment Income.................................... 567,000

Growth Rate (NPW)..................................... 0.00 % of Market (NPW)..................................... 0.01 Earned Loss Ratio..................................... 12.57 Total Expense Ratio.................................. 17.61 Combined Loss & Exp. Ratio.................... 30.18 Return on Equity....................................... 61.46

Underwriting Result

2013: +$3,817,000 2012: +$4,029,000 2011: +$4,241,000 2010: +$4,430,000 2009: +$4,328,000

PAFCO INSURANCE COMPANY

B-C

J.R.(Bob) Tisdale, President & C.O.O. 27 Allstate Parkway Suite 100 Markham ON L3R 5P8 905-477-6900 Fax:905-475-4991 www.pafco.ca Class

Net Prems Net Prems Net Claims Claims Written Earned Incurred Ratio

Auto. - Liability........................ 48,545,000 51,717,000 28,228,000 54.58 Auto. - Pers. Acc..................... 25,354,000 27,264,000 14,657,000 53.76 Auto. - Other............................ 17,327,000 17,804,000 10,814,000 60.74 Auto - Total ............................. 91,226,000 96,785,000 53,699,000 55.48 ——————— ——————— ——————— ————— Total 2013................................ 91,226,000 96,785,000 53,699,000 55.48 Total 2012................................ 99,033,000 99,918,000 44,552,000 44.59 Total 2011................................ 99,320,000 88,639,000 51,265,000 57.84 Total 2010................................ 77,415,000 64,365,000 39,274,000 61.02 Total 2009................................ 54,897,000 51,709,000 20,973,000 40.56

2013 Direct Premiums Written: +92,171,000 Growth: –8.40% 2013 Underwriting Performance Summary %

Reinsurance Assumed........................................... Reinsurance Ceded................................... 945,000 Net Premiums Written.......................... 91,226,000 Net Premiums Earned.......................... 96,785,000 Net Claims & Adj Exp........................... 53,699,000 Commissions........................................ 15,239,000 Taxes...................................................... 3,051,000 General Expenses.................................. 9,904,000 Undwrwtg. Profit/Loss......................... 18,250,000 Investment Income................................. 6,641,000

Underwriting Result

Growth Rate (NPW)................................... –7.88 % of Market (NPW)..................................... 0.21 Earned Loss Ratio..................................... 55.48 Total Expense Ratio.................................. 29.13 Combined Loss & Exp. Ratio.................... 84.61 Return on Equity....................................... 25.04

2013: +$18,250,000 2012: +$31,015,000 2010: +$7,455,000 2009: +$14,238,000

CANADIAN UNDERWRITER STATISTICAL ISSUE 2014

2011: +$14,377,000

111


PEACE HILLS GENERAL INSURANCE COMPANY

B-C

Diane Brickner C.I.P., President & CEO 300, 10709 Jasper Ave. Edmonton AB T5J 3N3 780-424-3986 Fax:780-424-0396 www.peacehillsinsurance.com phi@peacehillsinsurance.com

Class

Net Prems Net Prems Net Claims Claims Written Earned Incurred Ratio

Prop. - Personal...................... 50,191,000 45,624,000 34,073,000 74.68 Prop. - Commercial................. 22,493,000 21,068,000 8,927,000 42.37 Prop - Total ............................ 72,684,000 66,692,000 43,000,000 64.48 Auto. - Liability........................ 24,275,000 23,623,000 17,383,000 73.59 Auto. - Pers. Acc..................... 2,087,000 2,017,000 1,843,000 91.37 Auto. - Other............................ 25,113,000 23,991,000 14,916,000 62.17 Auto - Total ............................. 51,475,000 49,631,000 34,142,000 68.79 ——————— ——————— ——————— ————— Total 2013................................ 124,159,000 116,323,000 77,142,000 66.32 Total 2012................................ 117,582,000 114,363,000 70,853,000 61.95 Total 2011................................ 111,919,000 111,361,000 73,985,000 66.44 Total 2010................................ 112,343,000 111,234,000 60,229,000 54.15 Total 2009................................ 111,717,000 109,999,000 66,221,000 60.20

2013 Direct Premiums Written: +191,740,000 Growth: 9.06% 2013 Underwriting Performance Summary %

Reinsurance Assumed........................................... Reinsurance Ceded.............................. 67,581,000 Net Premiums Written........................ 124,159,000 Net Premiums Earned........................ 116,323,000 Net Claims & Adj Exp........................... 77,142,000 Commissions........................................ 23,045,000 Taxes...................................................... 6,316,000 General Expenses................................ 21,239,000 Undwrwtg. Profit/Loss......................... –9,274,000 Investment Income................................. 8,556,000

Growth Rate (NPW)..................................... 5.59 % of Market (NPW)..................................... 0.29 Earned Loss Ratio..................................... 66.32 Total Expense Ratio.................................. 43.50 Combined Loss & Exp. Ratio.................. 109.82 Return on Equity....................................... –0.50

Underwriting Result

2013: –$9,274,000 2012: –$3,012,000 2011: –$5,247,000 2010: +$10,454,000 2009: +$2,627,000

PEMBRIDGE INSURANCE COMPANY

J.R.(Bob) Tisdale, President & C.O.O. 27 Allstate Parkway Suite 100 Markham ON L3R 5P8 905-477-6900 Fax:905-475-4991 www.pembridge.com

Class

Net Prems Net Prems Net Claims Claims Written Earned Incurred Ratio

Prop. - Personal...................... 40,084,000 37,535,000 24,434,000 65.10 Prop. - Commercial................. 17,000 0.00 Prop - Total ............................ 40,484,000 37,535,000 24,451,000 65.14 Auto. - Liability........................ 81,993,000 75,666,000 54,995,000 72.68 Auto. - Pers. Acc..................... 51,949,000 47,183,000 31,512,000 66.79 Auto. - Other............................ 36,983,000 34,498,000 22,322,000 64.71 Auto - Total ............................. 170,925,000 157,347,000 108,829,000 69.16 Liability.................................... –33,000 0.00 Accident & Sickness................ 62,000 0.00 ——————— ——————— ——————— ————— Total 2013................................ 211,009,000 194,882,000 133,309,000 68.40 Total 2012................................ 179,190,000 167,044,000 105,341,000 63.06 Total 2011................................ 155,018,000 145,628,000 102,279,000 70.23 Total 2010................................ 136,395,000 120,733,000 83,778,000 69.39 Total 2009................................ 109,367,000 109,947,000 78,852,000 71.72

B-C

2013 Direct Premiums Written: +212,491,000 Growth: 17.12% 2013 Underwriting Performance Summary %

Reinsurance Assumed........................................... Reinsurance Ceded................................ 1,482,000 Net Premiums Written........................ 211,409,000 Net Premiums Earned........................ 194,882,000 Net Claims & Adj Exp......................... 133,309,000 Commissions........................................ 37,229,000 Taxes...................................................... 6,331,000 General Expenses................................ 20,489,000 Undwrwtg. Profit/Loss........................... 2,235,000 Investment Income............................... 16,209,000

Growth Rate (NPW)................................... 17.98 % of Market (NPW)..................................... 0.49 Earned Loss Ratio..................................... 68.40 Total Expense Ratio.................................. 32.87 Combined Loss & Exp. Ratio.................. 101.27 Return on Equity......................................... 9.80

Underwriting Result

2013: +$2,235,000 2012: +$10,056,000 2010: –$1,825,000 2009: –$3,500,000

2011: –$1,065,000

THE PORTAGE LA PRAIRIE MUTUAL B-C John G Mitchell, President & Chief Executive Officer INSURANCE COMPANY PO Box 340 Portage La Prairie MB R1N 3B8 204-857-3415 Fax:204-239-6655 www.portagemutual.com Class

Net Prems Net Prems Net Claims Claims Written Earned Incurred Ratio

Prop. - Personal...................... 86,439,000 81,660,000 55,236,000 67.64 Prop. - Commercial................. 7,998,000 7,373,000 4,384,000 59.46 Prop - Total ............................ 94,437,000 89,033,000 59,620,000 66.96 Auto. - Liability........................ 41,221,000 40,765,000 37,342,000 91.60 Auto. - Pers. Acc..................... 17,151,000 17,164,000 18,268,000 106.43 Auto. - Other............................ 33,622,000 34,442,000 22,774,000 66.12 Auto - Total ............................. 91,994,000 92,371,000 78,384,000 84.86 Liability.................................... 8,085,000 7,802,000 3,316,000 42.50 ——————— ——————— ——————— ————— Total 2013................................ 194,516,000 189,206,000 141,320,000 74.69 Total 2012................................ 187,023,000 184,523,000 126,088,000 68.33 Total 2011................................ 183,883,000 175,250,000 126,247,000 72.04 Total 2010................................ 165,777,000 157,524,000 119,255,000 75.71 Total 2009................................ 149,329,000 140,339,000 88,136,000 62.80

112

2013 Direct Premiums Written: +214,848,000 Growth: 2.14% 2013 Underwriting Performance Summary %

Reinsurance Assumed........................................... Reinsurance Ceded.............................. 20,332,000 Net Premiums Written........................ 194,516,000 Net Premiums Earned........................ 189,206,000 Net Claims & Adj Exp......................... 141,320,000 Commissions........................................ 35,352,000 Taxes...................................................... 7,647,000 General Expenses................................ 28,033,000 Undwrwtg. Profit/Loss....................... –19,664,000 Investment Income............................... 20,923,000

Growth Rate (NPW)..................................... 4.01 % of Market (NPW)..................................... 0.45 Earned Loss Ratio..................................... 74.69 Total Expense Ratio.................................. 37.54 Combined Loss & Exp. Ratio.................. 112.23 Return on Equity......................................... 1.31

Underwriting Result

2013: –$19,664,000 2012: –$5,728,000 2011: –$15,640,000 2010: –$13,118,000 2009: +$2,434,000

canadianunderwriter.ca CANADIAN UNDERWRITER STATISTICAL ISSUE 2014


PROTECTIVE INSURANCE COMPANY

D-C

Mr. Phillip H Cook, Chief Agent for Canada 36 King St E Suite 500 Toronto ON M5C 1E5 416-361-1728 Fax:416-361-6113 Class

Net Prems Net Prems Net Claims Claims Written Earned Incurred Ratio

Auto. - Liability........................ 601,000 602,000 2,043,000 339.37 Auto. - Other............................ 1,217,000 1,217,000 491,000 40.35 Auto - Total ............................. 1,818,000 1,819,000 2,534,000 139.31 ——————— ——————— ——————— ————— Total 2013................................ 1,818,000 1,819,000 2,534,000 139.31 Total 2012................................ 1,244,000 1,245,000 591,000 47.47

2013 Direct Premiums Written: +2,130,000 Growth: 71.22% 2013 Underwriting Performance Summary %

Reinsurance Assumed........................................... Reinsurance Ceded................................... 312,000 Net Premiums Written............................ 1,818,000 Net Premiums Earned............................ 1,819,000 Net Claims & Adj Exp............................. 2,534,000 Commissions............................................. 169,000 Taxes......................................................... 104,000 General Expenses..................................... 297,000 Undwrwtg. Profit/Loss......................... –1,285,000 Investment Income.................................... 122,000

Growth Rate (NPW)................................... 46.14 % of Market (NPW)..................................... 0.00 Earned Loss Ratio................................... 139.31 Total Expense Ratio.................................. 31.34 Combined Loss & Exp. Ratio.................. 170.65 Return on Equity....................................... –5.86

Underwriting Result

2013: –$1,285,000 2012: +$184,000

RBC GENERAL INSURANCE COMPANY

D-C

Rino D’Onofrio, President & Chief Executive Officer 6880 Financial Dr West Tower Mississauga ON L5N 7Y5 905-606-1113 Fax:905-813-4850 www.rbcinsurance.com Class

Net Prems Net Prems Net Claims Claims Written Earned Incurred Ratio

Prop. - Personal...................... 124,883,000 114,884,000 80,959,000 70.47 Prop - Total ............................ 124,883,000 114,884,000 80,959,000 70.47 Auto. - Liability........................ 178,564,000 169,986,000 167,516,000 98.55 Auto. - Pers. Acc..................... 156,222,000 151,778,000 72,770,000 47.95 Auto. - Other............................ 100,357,000 95,078,000 61,953,000 65.16 Auto - Total ............................. 435,143,000 416,842,000 302,239,000 72.51 Liability.................................... 1,523,000 1,532,000 Accident & Sickness................ 3,000 3,000 11,000 366.67 ——————— ——————— ——————— ————— Total 2013................................ 561,552,000 533,261,000 383,209,000 71.86 Total 2012................................ 537,307,000 536,272,000 377,239,000 70.34 Total 2011................................ 528,837,000 500,767,000 382,993,000 76.48 Total 2010................................ 476,188,000 422,762,000 393,060,000 92.97 Total 2009................................ 384,390,000 378,899,000 316,981,000 83.66

2013 Direct Premiums Written: +574,606,000 Growth: 5.25% 2013 Underwriting Performance Summary %

Reinsurance Assumed.................................. 3,000 Reinsurance Ceded.............................. 13,057,000 Net Premiums Written........................ 561,552,000 Net Premiums Earned........................ 533,261,000 Net Claims & Adj Exp......................... 383,209,000 Commissions.......................................................... Taxes.................................................... 17,163,000 General Expenses.............................. 121,538,000 Undwrwtg. Profit/Loss........................... 9,972,000 Investment Income............................... 26,531,000

Growth Rate (NPW)..................................... 4.51 % of Market (NPW)..................................... 1.31 Earned Loss Ratio..................................... 71.86 Total Expense Ratio.................................. 26.01 Combined Loss & Exp. Ratio.................... 97.87 Return on Equity......................................... 9.98

Underwriting Result

2013: +$9,972,000 2012: +$34,226,000 2010: –$89,994,000 2009: –$48,979,000

2011: –$6,440,000

RBC INSURANCE COMPANY OF CANADA

D-C

Rino D’Onofrio, President & Chief Executive Officer 6880 Financial Dr. West Tower Mississauga ON L5N 7Y5 905-606-1113 Fax:905-813-4850 www.rbcinsurance.com Class

Net Prems Net Prems Net Claims Claims Written Earned Incurred Ratio

Prop. - Personal...................... 43,127,000 48,776,000 45,778,000 93.85 Prop - Total ............................ 43,127,000 48,776,000 45,778,000 93.85 Auto. - Liability........................ 47,090,000 54,750,000 51,692,000 94.41 Auto. - Pers. Acc..................... 46,373,000 51,678,000 19,482,000 37.70 Auto. - Other............................ 23,654,000 27,572,000 14,737,000 53.45 Auto - Total ............................. 117,117,000 134,000,000 85,911,000 64.11 Accident & Sickness................ 176,461,000 193,558,000 74,654,000 38.57 ——————— ——————— ——————— ————— Total 2013................................ 336,705,000 376,334,000 206,343,000 54.83 Total 2012................................ 400,871,000 397,408,000 217,484,000 54.73 Total 2011................................ 403,888,000 385,643,000 218,531,000 56.67 Total 2010................................ 361,683,000 338,006,000 183,101,000 54.17 Total 2009................................ 310,394,000 276,059,000 136,567,000 49.47

2013 Direct Premiums Written: +347,662,000 Growth: –7.65% 2013 Underwriting Performance Summary %

Reinsurance Assumed........................... 7,172,000 Reinsurance Ceded.............................. 18,129,000 Net Premiums Written........................ 336,705,000 Net Premiums Earned........................ 376,334,000 Net Claims & Adj Exp......................... 206,343,000 Commissions........................................ 58,448,000 Taxes...................................................... 9,990,000 General Expenses................................ 81,833,000 Undwrwtg. Profit/Loss......................... 19,720,000 Investment Income................................. 9,886,000

Growth Rate (NPW)................................. –16.01 % of Market (NPW)..................................... 0.78 Earned Loss Ratio..................................... 54.83 Total Expense Ratio.................................. 39.93 Combined Loss & Exp. Ratio.................... 94.76 Return on Equity....................................... 24.84

Underwriting Result

2013: +$19,720,000 2012: +$715,000 2011: –$10,514,000 2010: –$9,698,000 2009: +$1,556,000

CANADIAN UNDERWRITER STATISTICAL ISSUE 2014

113


RED RIVER MUTUAL

Class

Net Prems Net Prems Net Claims Claims Written Earned Incurred Ratio

Prop. - Personal...................... 44,373,000 43,434,000 29,582,000 68.11 Prop. - Commercial................. 20,754,000 19,840,000 11,945,000 60.21 Prop - Total ............................ 65,127,000 63,274,000 41,527,000 65.63 Liability.................................... 3,571,000 3,250,000 980,000 30.15 ——————— ——————— ——————— ————— Total 2013................................ 68,698,000 66,524,000 42,507,000 63.90 Total 2012................................ 65,394,000 64,550,000 36,246,000 56.15 Total 2011................................ 64,737,000 60,751,000 38,216,000 62.91 Total 2010................................ 57,144,000 53,604,000 33,583,000 62.65 Total 2009................................ 50,542,000 47,848,000 27,819,000 58.14

Brian Esau, President & Chief Executive Officer 245 Centre Ave. E. Altona MB R0G 0B0 204-324-6434 Fax:204-324-1952 www.redrivermutual.com info@redrivermutual.com

B-C

2013 Direct Premiums Written: +77,431,000 Growth: 5.89% 2013 Underwriting Performance Summary %

Reinsurance Assumed........................................... Reinsurance Ceded................................ 8,733,000 Net Premiums Written.......................... 68,698,000 Net Premiums Earned.......................... 66,524,000 Net Claims & Adj Exp........................... 42,507,000 Commissions........................................ 17,044,000 Taxes...................................................... 3,202,000 General Expenses.................................. 7,965,000 Undwrwtg. Profit/Loss......................... –3,219,000 Investment Income................................. 6,636,000

Growth Rate (NPW)..................................... 5.05 % of Market (NPW)..................................... 0.16 Earned Loss Ratio..................................... 63.90 Total Expense Ratio.................................. 42.41 Combined Loss & Exp. Ratio.................. 106.31 Return on Equity......................................... 5.27

Underwriting Result

2013: –$3,219,000 2012: +$1,846,000 2011: –$1,096,000 2010: –$1,286,000 2009: +$970,000

RSA CANADA GROUP ROYAL & SUN ALLIANCE INSURANCE COMPANY OF CANADA QUEBEC ASSURANCE COMPANY WESTERN ASSURANCE COMPANY UNIFUND ASSURANCE COMPANY ASCENTUS INSURANCE LTD. CANADIAN NORTHERN SHIELD INSURANCE COMPANY L’UNION CANADIENNE, COMPAGNIE D’ASSURANCE Class

Net Prems Net Prems Net Claims Claims Written Earned Incurred Ratio

Prop. - Personal...................... 627,410,000 573,238,000 420,029,000 73.27 Prop. - Commercial................. 399,144,000 394,036,000 346,200,000 87.86 Prop - Total ............................ 1,026,554,000 967,274,000 766,229,000 79.22 Aircraft..................................... –23,000 268,000 –1,165.22 Auto. - Liability........................ 601,023,000 600,048,000 505,054,000 84.17 Auto. - Pers. Acc..................... 276,019,000 281,716,000 179,098,000 63.57 Auto. - Other............................ 456,616,000 456,484,000 275,757,000 60.41 Auto - Total ............................. 1,333,658,000 1,338,248,000 959,909,000 71.73 Boiler/Mach-excld................... 52,449,000 51,132,000 20,707,000 40.50 Fidelity..................................... 4,409,000 3,947,000 1,983,000 50.24 Liability.................................... 227,367,000 226,722,000 143,705,000 63.38 Surety...................................... 60,000 71,000 –1,000 –1.41 Marine...................................... 29,804,000 30,127,000 13,814,000 45.85 Accident & Sickness................ 116,392,000 116,889,000 53,444,000 45.72 ——————— ——————— ——————— ————— Total 2013................................ 2,790,693,000 2,734,387,000 1,960,058,000 71.68 Total 2012................................ 2,507,575,000 2,466,858,000 1,677,070,000 67.98 Total 2011................................ 2,360,019,000 2,259,975,000 1,515,636,000 67.06 Total 2010................................ 1,981,181,000 1,879,987,000 1,228,091,000 65.32 Total 2009................................ 1,820,486,000 1,762,502,000 1,187,972,000 67.40

Rowan Saunders, President & C.E.O. 18 York St Toronto ON M5J 0B2 416-366-7511 Fax:416-367-9869 www.rsagroup.ca

B-UK

2013 Direct Premiums Written: +3,050,300,000 Growth: 11.48% 2013 Underwriting Performance Summary %

Reinsurance Assumed........................... 7,502,000 Reinsurance Ceded............................ 303,274,000 Net Premiums Written..................... 2,790,693,000 Net Premiums Earned..................... 2,734,387,000 Net Claims & Adj Exp...................... 1,960,058,000 Commissions...................................... 380,908,000 Taxes.................................................... 99,595,000 General Expenses.............................. 326,840,000 Undwrwtg. Profit/Loss....................... –33,015,000 Investment Income............................. 160,279,000

Underwriting Result

Growth Rate (NPW)................................... 11.30 % of Market (NPW)..................................... 6.49 Earned Loss Ratio..................................... 71.68 Total Expense Ratio.................................. 29.53 Combined Loss & Exp. Ratio.................. 101.21 Return on Equity......................................... 4.95

2013: –$33,015,000 2012: +$71,981,000 2010: +$110,296,000 2009: +$54,022,000

2011: +$83,085,000

SASKATCHEWAN MUTUAL INSURANCE COMPANY B-C L. M. Wiebe, President & C.E.O. 279-3rd Ave. N. Saskatoon SK S7K 2H8 306-653-4232 Fax:306-653-3260 www.saskmutual.com headoffice@saskmutual.com Class

Net Prems Net Prems Net Claims Claims Written Earned Incurred Ratio

Prop. - Personal...................... 29,812,000 30,492,000 23,959,000 78.57 Prop. - Commercial................. 7,053,000 7,461,000 3,226,000 43.24 Prop - Total ............................ 36,865,000 37,953,000 27,185,000 71.63 Auto. - Liability........................ 2,033,000 2,184,000 703,000 32.19 Auto. - Pers. Acc..................... 330,000 351,000 91,000 25.93 Auto. - Other............................ 7,517,000 7,883,000 5,099,000 64.68 Auto - Total ............................. 9,880,000 10,418,000 5,893,000 56.57 Fidelity..................................... 17,000 20,000 –1,000 –5.00 Liability.................................... 4,854,000 5,166,000 3,137,000 60.72 ——————— ——————— ——————— ————— Total 2013................................ 51,616,000 53,557,000 36,214,000 67.62 Total 2012................................ 51,300,000 49,039,000 27,211,000 55.49 Total 2011................................ 47,508,000 44,797,000 25,031,000 55.88 Total 2010................................ 43,012,000 41,287,000 26,100,000 63.22 Total 2009................................ 40,611,000 37,719,000 19,359,000 51.32

114

2013 Direct Premiums Written: +60,675,000 Growth: 9.99% 2013 Underwriting Performance Summary %

Reinsurance Assumed........................................... Reinsurance Ceded................................ 9,059,000 Net Premiums Written.......................... 51,616,000 Net Premiums Earned.......................... 53,557,000 Net Claims & Adj Exp........................... 36,214,000 Commissions........................................ 11,659,000 Taxes...................................................... 2,549,000 General Expenses.................................. 8,953,000 Undwrwtg. Profit/Loss......................... –5,416,000 Investment Income................................. 5,443,000

Growth Rate (NPW)..................................... 0.62 % of Market (NPW)..................................... 0.12 Earned Loss Ratio..................................... 67.62 Total Expense Ratio.................................. 43.25 Combined Loss & Exp. Ratio.................. 110.87 Return on Equity......................................... 0.28

Underwriting Result

2013: –$5,416,000 2012: +$1,560,000 2011: +$1,674,000 2010: –$1,313,000 2009: +$2,628,000

canadianunderwriter.ca CANADIAN UNDERWRITER STATISTICAL ISSUE 2014


Š 2014 Royal & Sun Alliance Insurance Company of Canada. All rights reserved. RSA, RSA & Design and related words and logos are trademarks and the property of RSA Insurance Group plc, licensed for use by Royal & Sun Alliance Insurance Company of Canada. RSA is a trade name of Royal & Sun Alliance Insurance Company of Canada.

150

+

COUNTRIES MAKE UP OUR GLOBAL NETWORK. RSA Insurance’s Global Specialty Lines business is a leader in upper mid-market, large domestic, complex, multinational and specialty risks. Add to that our world-class underwriting capabilities and our exceptional relationships, and see how we make it a breeze for you and your clients, no matter their size or scale.

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SECURITY INSURANCE COMPANY OF HARTFORD D-US Colleen Sexsmith, Chief Agent 1145 Nicholson Rd., Unit 2 Newmarket ON L3Y 9C3 905-853-0858 Fax:905-853-0183

Class

Net Prems Net Prems Net Claims Claims Written Earned Incurred Ratio

Liability.................................... –333,000 0.00 ——————— ——————— ——————— ————— Total 2013................................ 0 0 –333,000 Total 2012................................ 0 0 –599,000 Total 2011................................ 0 0 198,000 Total 2010................................ 0 0 –5,785,000 Total 2009................................ 133,000 133,000 –3,081,000 –2,316.54

2013 Underwriting Performance Summary %

Reinsurance Assumed........................................... Reinsurance Ceded................................................ Net Premiums Written.......................................... 0 Net Premiums Earned.......................................... 0 Net Claims & Adj Exp.............................. –333,000 Commissions.......................................................... Taxes...................................................................... General Expenses..................................... 320,000 Undwrwtg. Profit/Loss................................ 13,000 Investment Income................................. 1,354,000

Growth Rate (NPW)..................................... 0.00 % of Market (NPW)..................................... 0.00 Earned Loss Ratio....................................... 0.00 Total Expense Ratio.................................... 0.00 Combined Loss & Exp. Ratio...................... 0.00 Return on Equity......................................... 3.04

Underwriting Result

2013: +$13,000 2012: +$291,000 2011: –$475,000 2010: +$5,508,000 2009: +$2,915,000

SGI CANADA GROUP COACHMAN INSURANCE COMPANY INSURANCE COMPANY OF PRINCE EDWARD ISLAND SGI CANADA INSURANCE SERVICES LTD

Class

Net Prems Net Prems Net Claims Claims Written Earned Incurred Ratio

Prop. - Personal...................... 132,805,000 161,097,000 117,082,000 72.68 Prop. - Commercial................. 105,113,000 70,092,000 58,813,000 83.91 Prop - Total ............................ 237,918,000 231,189,000 175,895,000 76.08 Aircraft..................................... 67,000 67,000 Auto. - Liability........................ 76,053,000 73,891,000 36,210,000 49.00 Auto. - Pers. Acc..................... 27,894,000 28,730,000 19,688,000 68.53 Auto. - Other............................ 136,981,000 130,641,000 86,337,000 66.09 Auto - Total ............................. 240,928,000 233,262,000 142,235,000 60.98 Boiler/Mach-excld................... 160,000 159,000 8,000 5.03 Fidelity..................................... 398,000 395,000 29,000 7.34 Liability.................................... 40,919,000 40,114,000 7,649,000 19.07 Surety...................................... 1,771,000 2,045,000 Accident & Sickness................ 20,000 20,000 ——————— ——————— ——————— ————— Total 2013................................ 522,181,000 507,251,000 325,816,000 64.23 Total 2012................................ 496,707,000 487,485,000 249,621,000 51.21 Total 2011................................ 476,488,000 453,506,000 293,938,000 64.81 Total 2010................................ 434,508,000 411,259,000 247,867,000 60.27 Total 2009................................ 398,026,000 374,260,000 196,280,000 52.44

B-C Andrew Cartmell, President 2260 11th Avenue Regina SK S4P 0J9 306-751-1200 Fax:306-565-8666 www.sgi.sk.ca

2013 Direct Premiums Written: +563,948,000 Growth: 5.21% 2013 Underwriting Performance Summary %

Reinsurance Assumed........................................... Reinsurance Ceded.............................. 41,767,000 Net Premiums Written........................ 522,181,000 Net Premiums Earned........................ 507,251,000 Net Claims & Adj Exp......................... 325,816,000 Commissions...................................... 106,876,000 Taxes.................................................... 23,424,000 General Expenses................................ 65,656,000 Undwrwtg. Profit/Loss....................... –14,521,000 Investment Income............................... 58,830,000

Growth Rate (NPW)..................................... 5.13 % of Market (NPW)..................................... 1.21 Earned Loss Ratio..................................... 64.23 Total Expense Ratio.................................. 38.63 Combined Loss & Exp. Ratio.................. 102.86 Return on Equity....................................... 13.50

Underwriting Result

2013: –$14,521,000 2012: +$55,509,000 2010: +$6,187,000 2009: +$30,116,000

2011: –$8,491,000

COACHMAN INSURANCE COMPANY

B-C

William Breckles, Chief Operating Officer 10 Four Seasons Place Suite 200 Toronto ON M9B 6H7 416-255-3417 Class

Net Prems Net Prems Net Claims Claims Written Earned Incurred Ratio

Prop. - Personal...................... 6,251,000 6,822,000 6,308,000 92.47 Prop. - Commercial................. 3,142,000 2,935,000 1,692,000 57.65 Prop - Total ............................ 9,393,000 9,757,000 8,000,000 81.99 Auto. - Liability........................ 18,323,000 18,962,000 9,056,000 47.76 Auto. - Pers. Acc..................... 16,364,000 17,442,000 9,947,000 57.03 Auto. - Other............................ 5,114,000 5,070,000 3,079,000 60.73 Auto - Total ............................. 39,801,000 41,474,000 22,082,000 53.24 Boiler/Mach-excld................... 1,000 0.00 Fidelity..................................... 37,000 33,000 1,000 3.03 Liability.................................... 2,373,000 2,340,000 766,000 32.74 Surety...................................... 49,000 44,000 ——————— ——————— ——————— ————— Total 2013................................ 51,653,000 53,648,000 30,850,000 57.50 Total 2012................................ 56,808,000 59,877,000 37,890,000 63.28 Total 2011................................ 63,832,000 55,356,000 39,994,000 72.25 Total 2010................................ 45,502,000 36,331,000 27,567,000 75.88 Total 2009................................ 29,710,000 25,736,000 22,029,000 85.60

116

2013 Direct Premiums Written: +58,179,000 Growth: –7.90% 2013 Underwriting Performance Summary %

Reinsurance Assumed........................................... Reinsurance Ceded................................ 6,526,000 Net Premiums Written.......................... 51,653,000 Net Premiums Earned.......................... 53,648,000 Net Claims & Adj Exp........................... 30,850,000 Commissions.......................................... 9,593,000 Taxes...................................................... 1,828,000 General Expenses.................................. 3,991,000 Undwrwtg. Profit/Loss........................... 7,386,000 Investment Income................................. 9,819,000

Growth Rate (NPW)................................... –9.07 % of Market (NPW)..................................... 0.12 Earned Loss Ratio..................................... 57.50 Total Expense Ratio.................................. 28.73 Combined Loss & Exp. Ratio.................... 86.23 Return on Equity....................................... 23.24

Underwriting Result

2013: +$7,386,000 2012: +$6,153,000 2011: +$532,000 2010: –$3,038,000 2009: –$5,462,000

canadianunderwriter.ca CANADIAN UNDERWRITER STATISTICAL ISSUE 2014


THE INSURANCE COMPANY OF Charles Cooke, President PRINCE EDWARD ISLAND PO Box 1120

B-C

14 Great George St Charlottetown PE C1A 7M8 902-368-3675

Class

Net Prems Net Prems Net Claims Claims Written Earned Incurred Ratio

Prop. - Personal...................... 3,529,000 3,643,000 2,533,000 69.53 Prop. - Commercial................. 2,417,000 2,291,000 1,327,000 57.92 Prop - Total ............................ 5,946,000 5,934,000 3,860,000 65.05 Auto. - Liability........................ 9,003,000 8,886,000 4,312,000 48.53 Auto. - Pers. Acc..................... 1,881,000 1,880,000 2,189,000 116.44 Auto. - Other............................ 6,789,000 6,624,000 4,333,000 65.41 Auto - Total ............................. 17,673,000 17,390,000 10,834,000 62.30 Boiler/Mach-excld................... 1,000 1,000 2,000 200.00 Fidelity..................................... 15,000 15,000 Liability.................................... 1,796,000 1,722,000 741,000 43.03 Surety...................................... 20,000 20,000 1,000 5.00 ——————— ——————— ——————— ————— Total 2013................................ 25,451,000 25,082,000 15,438,000 61.55 Total 2012................................ 24,666,000 23,850,000 11,370,000 47.67 Total 2011................................ 23,075,000 22,324,000 15,586,000 69.82 Total 2010................................ 22,137,000 20,648,000 10,903,000 52.80 Total 2009................................ 19,031,000 17,000,000 10,233,000 60.19

2013 Direct Premiums Written: +27,377,000 Growth: 2.91% 2013 Underwriting Performance Summary %

Reinsurance Assumed........................................... Reinsurance Ceded................................ 1,926,000 Net Premiums Written.......................... 25,451,000 Net Premiums Earned.......................... 25,082,000 Net Claims & Adj Exp........................... 15,438,000 Commissions.......................................... 4,617,000 Taxes......................................................... 981,000 General Expenses.................................. 3,586,000 Undwrwtg. Profit/Loss.............................. 460,000 Investment Income................................. 1,509,000

Growth Rate (NPW)..................................... 3.18 % of Market (NPW)..................................... 0.06 Earned Loss Ratio..................................... 61.55 Total Expense Ratio.................................. 36.62 Combined Loss & Exp. Ratio.................... 98.17 Return on Equity......................................... 9.69

Underwriting Result

2013: +$460,000 2012: +$3,561,000 2011: –$1,211,000 2010: +$1,767,000 2009: –$903,000

SGI CANADA INSURANCE SERVICES LTD.

B-C

Andrew Cartmell, President 2260 11th Avenue Regina SK S4P 0J9 306-751-1200 Fax:306-565-8666 Class

Net Prems Net Prems Net Claims Claims Written Earned Incurred Ratio

Prop. - Personal...................... 28,064,000 29,232,000 23,213,000 79.41 Prop. - Commercial................. 15,419,000 12,596,000 7,995,000 63.47 Prop - Total ............................ 43,483,000 41,828,000 31,208,000 74.61 Auto. - Liability........................ 43,862,000 42,752,000 27,196,000 63.61 Auto. - Pers. Acc..................... 19,406,000 20,393,000 13,561,000 66.50 Auto. - Other............................ 32,280,000 29,880,000 22,353,000 74.81 Auto - Total ............................. 95,548,000 93,025,000 63,110,000 67.84 Boiler/Mach-excld................... 25,000 25,000 9,000 36.00 Fidelity..................................... 80,000 75,000 11,000 14.67 Liability.................................... 10,867,000 10,438,000 3,034,000 29.07 Surety...................................... 215,000 206,000 3,000 1.46 ——————— ——————— ——————— ————— Total 2013................................ 150,218,000 145,597,000 97,375,000 66.88 Total 2012................................ 144,245,000 141,647,000 81,799,000 57.75 Total 2011................................ 140,650,000 128,504,000 91,891,000 71.51 Total 2010................................ 48,749,000 45,400,000 28,258,000 62.24 Total 2009................................ 42,755,000 37,803,000 20,835,000 55.11

2013 Direct Premiums Written: +164,154,000 Growth: 4.60% 2013 Underwriting Performance Summary %

Reinsurance Assumed........................................... Reinsurance Ceded.............................. 13,396,000 Net Premiums Written........................ 150,218,000 Net Premiums Earned........................ 145,597,000 Net Claims & Adj Exp........................... 97,375,000 Commissions........................................ 26,771,000 Taxes...................................................... 5,094,000 General Expenses................................ 14,855,000 Undwrwtg. Profit/Loss........................... 1,502,000 Investment Income............................... 17,698,000

Underwriting Result

Growth Rate (NPW)..................................... 4.14 % of Market (NPW)..................................... 0.35 Earned Loss Ratio..................................... 66.88 Total Expense Ratio.................................. 32.09 Combined Loss & Exp. Ratio.................... 98.97 Return on Equity....................................... 11.93

2013: +$1,502,000 2012: +$14,744,000 2010: +$1,057,000 2009: +$2,708,000

SOMPO JAPAN INSURANCE INC.

2011: –$3,740,000

Bruce Walker, Chief Agent In Canada 1400 - 25 York Street Toronto ON M5J 2V5 416-594-2590 Fax:416-594-3000

Class

Net Prems Net Prems Net Claims Claims Written Earned Incurred Ratio

Prop. - Commercial................. 2,619,000 2,659,000 1,345,000 50.58 Prop - Total ............................ 2,619,000 2,659,000 1,345,000 50.58 Auto. - Liability........................ 693,000 716,000 495,000 69.13 Auto. - Other............................ 256,000 262,000 308,000 117.56 Auto - Total ............................. 949,000 978,000 803,000 82.11 Boiler/Mach-excld................... 63,000 60,000 Fidelity..................................... 37,000 48,000 –1,000 –2.08 Liability.................................... 1,481,000 1,475,000 –7,000 –0.47 Surety...................................... 3,000 4,000 Marine...................................... 508,000 524,000 315,000 60.11 ——————— ——————— ——————— ————— Total 2013................................ 5,660,000 5,748,000 2,455,000 42.71 Total 2012................................ 5,379,000 5,200,000 1,367,000 26.29 Total 2011................................ 5,103,000 5,890,000 1,524,000 25.87 Total 2010................................ 5,968,000 5,053,000 4,827,000 95.53 Total 2009................................ 4,891,000 4,665,000 2,273,000 48.72

CANADIAN UNDERWRITER STATISTICAL ISSUE 2014

D-F

2013 Direct Premiums Written: +4,963,000 Growth: 2.22% 2013 Underwriting Performance Summary %

Reinsurance Assumed........................... 1,174,000 Reinsurance Ceded................................... 477,000 Net Premiums Written............................ 5,660,000 Net Premiums Earned............................ 5,748,000 Net Claims & Adj Exp............................. 2,455,000 Commissions............................................. 760,000 Taxes......................................................... 160,000 General Expenses.................................. 1,142,000 Undwrwtg. Profit/Loss........................... 1,231,000 Investment Income.................................... 726,000

Growth Rate (NPW)..................................... 5.22 % of Market (NPW)..................................... 0.01 Earned Loss Ratio..................................... 42.71 Total Expense Ratio.................................. 35.87 Combined Loss & Exp. Ratio.................... 78.58 Return on Equity......................................... 4.00

Underwriting Result

2013: +$1,231,000 2012: +$1,976,000 2011: +$2,186,000 2010: –$1,796,000 2009: +$461,000

117


SSQ, SOCIETE D’ASSURANCES GENERALES INC.

D-C

Gilles Mourette, President & CEO 2515 boulevard Laurier CP 10530, succ. Sainte-Foy Quebec QC G1V 0A5 418-683-0554 Fax:418-683-3669 www.ssqgenerale.com Class

Net Prems Net Prems Net Claims Claims Written Earned Incurred Ratio

Prop. - Personal...................... 79,311,000 71,576,000 46,243,000 64.61 Prop. - Commercial................. 2,857,000 2,452,000 1,560,000 63.62 Prop - Total ............................ 82,168,000 74,028,000 47,803,000 64.57 Auto. - Liability........................ 40,377,000 38,316,000 27,714,000 72.33 Auto. - Pers. Acc..................... 292,000 277,000 393,000 141.88 Auto. - Other............................ 80,264,000 81,952,000 53,281,000 65.01 Auto - Total ............................. 120,933,000 120,545,000 81,388,000 67.52 Liability.................................... –7,000 7,940,000 5,314,000 66.93 ——————— ——————— ——————— ————— Total 2013................................ 203,094,000 202,513,000 134,505,000 66.42 Total 2012................................ 191,925,000 182,512,000 114,586,000 62.78 Total 2011................................ 210,240,000 160,777,000 105,245,000 65.46 Total 2010................................ 172,356,000 142,358,000 86,758,000 60.94 Total 2009................................ 144,707,000 129,125,000 81,516,000 63.13

2013 Direct Premiums Written: +208,224,000 Growth: 6.40% 2013 Underwriting Performance Summary %

Reinsurance Assumed.............................. 538,000 Reinsurance Ceded................................ 5,668,000 Net Premiums Written........................ 203,094,000 Net Premiums Earned........................ 202,513,000 Net Claims & Adj Exp......................... 134,505,000 Commissions.......................................... 6,633,000 Taxes...................................................... 6,951,000 General Expenses................................ 49,138,000 Undwrwtg. Profit/Loss........................... 5,286,000 Investment Income................................. 9,982,000

Growth Rate (NPW)..................................... 5.82 % of Market (NPW)..................................... 0.47 Earned Loss Ratio..................................... 66.42 Total Expense Ratio.................................. 30.97 Combined Loss & Exp. Ratio.................... 97.39 Return on Equity....................................... 12.45

Underwriting Result

2013: +$5,286,000 2012: +$12,970,000 2010: +$15,526,000 2009: +$11,161,000

2011: +$9,105,000

THE SOVEREIGN GENERAL INSURANCE COMPANY B-C Kathy Bardswick, President & Chief Executive Officer 130 MacDonell St PO Box 3608 Guelph ON N1H 6P8 519-767-3082 Fax:519-824-0599 Class

Net Prems Net Prems Net Claims Claims Written Earned Incurred Ratio

Prop. - Personal...................... 21,254,000 22,640,000 9,992,000 44.13 Prop. - Commercial................. 104,340,000 103,832,000 82,362,000 79.32 Prop - Total ............................ 125,594,000 126,472,000 92,354,000 73.02 Auto. - Liability........................ 28,945,000 28,055,000 24,507,000 87.35 Auto. - Pers. Acc..................... 7,443,000 7,260,000 3,536,000 48.71 Auto. - Other............................ 17,581,000 16,364,000 12,109,000 74.00 Auto - Total ............................. 53,969,000 51,679,000 40,152,000 77.70 Boiler/Mach-excld................... 618,000 292,000 4,000 1.37 Fidelity..................................... 537,000 574,000 76,000 13.24 Liability.................................... 81,697,000 74,598,000 29,446,000 39.47 Surety...................................... 8,949,000 9,240,000 6,854,000 74.18 Marine...................................... 14,630,000 14,095,000 6,451,000 45.77 ——————— ——————— ——————— ————— Total 2013................................ 285,994,000 276,950,000 175,337,000 63.31 Total 2012................................ 260,717,000 256,925,000 140,426,000 54.66 Total 2011................................ 253,531,000 233,820,000 119,772,000 51.22 Total 2010................................ 227,385,000 212,497,000 117,236,000 55.17 Total 2009................................ 206,993,000 191,675,000 117,742,000 61.43

2013 Direct Premiums Written: +313,913,000 Growth: 9.23% 2013 Underwriting Performance Summary %

Reinsurance Assumed........................... 7,801,000 Reinsurance Ceded.............................. 36,196,000 Net Premiums Written........................ 285,994,000 Net Premiums Earned........................ 276,950,000 Net Claims & Adj Exp......................... 175,337,000 Commissions........................................ 64,330,000 Taxes.................................................... 10,249,000 General Expenses................................ 31,647,000 Undwrwtg. Profit/Loss......................... –3,642,000 Investment Income............................... 17,224,000

Growth Rate (NPW)..................................... 9.70 % of Market (NPW)..................................... 0.66 Earned Loss Ratio..................................... 63.31 Total Expense Ratio.................................. 38.36 Combined Loss & Exp. Ratio.................. 101.67 Return on Equity......................................... 5.89

Underwriting Result

2013: –$3,642,000 2012: +$14,464,000 2010: +$7,315,000 2009: –$1,668,000

2011: +$17,440,000

STATE FARM INSURANCE COMPANY STATE FARM FIRE & CASUALTY COMPANY STATE FARM MUTUAL AUTOMOBILE INSURANCE COMPANY

Class

Net Prems Net Prems Net Claims Claims Written Earned Incurred Ratio

Prop. - Personal...................... 421,857,000 422,265,000 241,131,000 57.10 Prop. - Commercial................. 36,059,000 35,526,000 24,541,000 69.08 Prop - Total ............................ 457,916,000 457,791,000 265,672,000 58.03 Auto. - Liability........................ 543,660,000 540,437,000 476,578,000 88.18 Auto. - Pers. Acc..................... 514,102,000 536,110,000 395,266,000 73.73 Auto. - Other............................ 220,295,000 221,685,000 184,959,000 83.43 Auto - Total ............................. 1,278,057,000 1,298,232,000 1,056,803,000 81.40 Fidelity..................................... 7,000 3,000 Liability.................................... 48,355,000 48,354,000 26,201,000 54.19 Surety...................................... 53,000 60,000 –4,000 –6.67 ——————— ——————— ——————— ————— Total 2013................................ 1,784,388,000 1,804,440,000 1,348,672,000 74.74 Total 2012................................ 1,842,450,000 1,870,839,000 1,447,956,000 77.40 Total 2011................................ 1,931,286,000 1,940,465,000 2,052,926,000 105.80 Total 2010................................ 1,937,320,000 1,905,784,000 2,639,080,000 138.48 Total 2009................................ 1,827,768,000 1,783,048,000 1,823,105,000 102.25

118

D-US

Barbara Bellissimo, Senior Vice-President 333 First Commerce Dr Aurora ON L4G 8A4 905-750-4620 www.statefarm.ca

2013 Direct Premiums Written: +1,787,786,000 Growth: –3.24% 2013 Underwriting Performance Summary %

Reinsurance Assumed........................................... Reinsurance Ceded................................ 3,398,000 Net Premiums Written..................... 1,784,388,000 Net Premiums Earned..................... 1,804,440,000 Net Claims & Adj Exp...................... 1,348,672,000 Commissions...................................... 192,946,000 Taxes.................................................... 56,117,000 General Expenses.............................. 157,399,000 Undwrwtg. Profit/Loss......................... 42,066,000 Investment Income............................. 247,340,000

Underwriting Result

2013: +$42,066,000 2010: –$1,267,250,000

Growth Rate (NPW)................................... –3.15 % of Market (NPW)..................................... 4.15 Earned Loss Ratio..................................... 74.74 Total Expense Ratio.................................. 22.53 Combined Loss & Exp. Ratio.................... 97.27 Return on Equity....................................... 10.05

2012: +$18,631,000 2009: –$495,851,000

2011: –$481,778,000

canadianunderwriter.ca CANADIAN UNDERWRITER STATISTICAL ISSUE 2014


Because employee #658 forgot the bolts.

Open minds. Better casualty. SovereignGeneral.com


STATE FARM FIRE & CASUALTY COMPANY

D-US

Barbara Bellissimo, Senior Vice-President 333 First Commerce Dr Aurora ON L4G 8A4 905-750-4620 www.statefarm.ca

Class

Net Prems Net Prems Net Claims Claims Written Earned Incurred Ratio

Prop. - Personal...................... 421,857,000 422,265,000 241,131,000 57.10 Prop. - Commercial................. 36,059,000 35,526,000 24,541,000 69.08 Prop - Total ............................ 457,916,000 457,791,000 265,672,000 58.03 Fidelity..................................... 7,000 3,000 Liability.................................... 48,355,000 48,354,000 26,201,000 54.19 Surety...................................... 53,000 60,000 –4,000 –6.67 ——————— ——————— ——————— ————— Total 2013................................ 506,331,000 506,208,000 291,869,000 57.66 Total 2012................................ 501,515,000 501,285,000 276,448,000 55.15 Total 2011................................ 505,390,000 504,283,000 307,457,000 60.97 Total 2010................................ 496,319,000 468,863,000 272,583,000 58.14 Total 2009................................ 446,959,000 428,364,000 313,541,000 73.19

2013 Direct Premiums Written: +509,729,000 Growth: 0.59% 2013 Underwriting Performance Summary %

Reinsurance Assumed........................................... Reinsurance Ceded................................ 3,398,000 Net Premiums Written........................ 506,331,000 Net Premiums Earned........................ 506,208,000 Net Claims & Adj Exp......................... 291,869,000 Commissions........................................ 57,721,000 Taxes.................................................... 17,323,000 General Expenses................................ 50,281,000 Undwrwtg. Profit/Loss......................... 71,917,000 Investment Income............................... 37,878,000

Growth Rate (NPW)..................................... 0.96 % of Market (NPW)..................................... 1.18 Earned Loss Ratio..................................... 57.66 Total Expense Ratio.................................. 24.76 Combined Loss & Exp. Ratio.................... 82.42 Return on Equity....................................... 11.47

Underwriting Result

2013: +$71,917,000 2012: +$82,340,000 2010: +$55,818,000 2009: –$17,416,000

2011: +$49,955,000

STATE FARM MUTUAL AUTOMOBILE D-US Barbara Bellissimo, Senior Vice-President INSURANCE COMPANY 333 First Commerce Dr Aurora ON L4G 8A4 905-750-4620 www.statefarm.ca

Class

Net Prems Net Prems Net Claims Claims Written Earned Incurred Ratio

Auto. - Liability........................ 543,660,000 540,437,000 476,578,000 88.18 Auto. - Pers. Acc..................... 514,102,000 536,110,000 395,266,000 73.73 Auto. - Other............................ 220,295,000 221,685,000 184,959,000 83.43 Auto - Total ............................. 1,278,057,000 1,298,232,000 1,056,803,000 81.40 ——————— ——————— ——————— ————— Total 2013................................ 1,278,057,000 1,298,232,000 1,056,803,000 81.40 Total 2012................................ 1,340,935,000 1,369,554,000 1,171,508,000 85.54 Total 2011................................ 1,425,896,000 1,436,182,000 1,745,469,000 121.54 Total 2010................................ 1,440,911,000 1,436,921,000 2,366,497,000 164.69 Total 2009................................ 1,380,809,000 1,354,684,000 1,509,564,000 111.43

2013 Direct Premiums Written: +1,278,057,000 Growth: –4.69% 2013 Underwriting Performance Summary %

Reinsurance Assumed........................................... Reinsurance Ceded................................................ Net Premiums Written..................... 1,278,057,000 Net Premiums Earned..................... 1,298,232,000 Net Claims & Adj Exp...................... 1,056,803,000 Commissions...................................... 125,225,000 Taxes.................................................... 38,794,000 General Expenses.............................. 107,118,000 Undwrwtg. Profit/Loss....................... –29,851,000 Investment Income............................. 209,462,000

Underwriting Result

2013: –$29,851,000 2010: –$1,323,068,000

Growth Rate (NPW)................................... –4.69 % of Market (NPW)..................................... 2.97 Earned Loss Ratio..................................... 81.40 Total Expense Ratio.................................. 20.89 Combined Loss & Exp. Ratio.................. 102.29 Return on Equity......................................... 9.40

2012: –$61,027,000 2009: –$478,435,000

STEWART TITLE GUARANTY COMPANY

2011: –$531,733,000

D-US

Royal Bank Plaza, North Tower 200 Bay St, Suite 2600 Toronto ON M5J 2J2 416-307-3300 Fax:416-307-3305 www.stewart.ca

Class

Net Prems Net Prems Net Claims Claims Written Earned Incurred Ratio

Title.......................................... 91,548,000 91,548,000 17,695,000 19.33 ——————— ——————— ——————— ————— Total 2013................................ 91,548,000 91,548,000 17,695,000 19.33 Total 2012................................ 91,741,000 91,741,000 14,385,000 15.68 Total 2011................................ 79,852,000 79,852,000 16,934,000 21.21 Total 2010................................ 75,971,000 75,971,000 22,624,000 29.78 Total 2009................................ 68,976,000 68,976,000 30,265,000 43.88

2013 Direct Premiums Written: +91,548,000 Growth: –0.21% 2013 Underwriting Performance Summary %

Reinsurance Assumed........................................... Reinsurance Ceded................................................ Net Premiums Written.......................... 91,548,000 Net Premiums Earned.......................... 91,548,000 Net Claims & Adj Exp........................... 17,695,000 Commissions.......................................................... Taxes...................................................... 2,854,000 General Expenses................................ 48,656,000 Undwrwtg. Profit/Loss......................... 22,343,000 Investment Income................................. 2,603,000

Underwriting Result

Growth Rate (NPW)................................... –0.21 % of Market (NPW)..................................... 0.21 Earned Loss Ratio..................................... 19.33 Total Expense Ratio.................................. 56.27 Combined Loss & Exp. Ratio.................... 75.60 Return on Equity....................................... 15.36

2013: +$22,343,000 2012: +$26,439,000 2010: +$13,491,000 2009: +$2,176,000

120

2011: +$21,629,000

canadianunderwriter.ca CANADIAN UNDERWRITER STATISTICAL ISSUE 2014


TD INSURANCE, GENERAL INSURANCE SECURITY NATIONAL INSURANCE COMPANY PRIMMUM INSURANCE COMPANY TD GENERAL INSURANCE COMPANY TD DIRECT INSURANCE INC TD HOME AND AUTO INSURANCE COMPANY Class

Net Prems Net Prems Net Claims Claims Written Earned Incurred Ratio

Prop. - Personal...................... 788,571,000 730,263,000 542,807,000 74.33 Prop - Total ............................ 788,571,000 730,263,000 542,807,000 74.33 Auto. - Liability........................ 1,001,714,000 934,512,000 1,143,039,000 122.31 Auto. - Pers. Acc..................... 531,708,000 565,437,000 530,363,000 93.80 Auto. - Other............................ 508,344,000 491,047,000 422,453,000 86.03 Auto - Total ............................. 2,041,766,000 1,990,996,000 2,095,855,000 105.27 Liability.................................... 9,116,000 9,116,000 6,559,000 71.95 ——————— ——————— ——————— ————— Total 2013................................ 2,839,453,000 2,730,375,000 2,645,221,000 96.88 Total 2012................................ 2,646,002,000 2,563,041,000 2,103,351,000 82.06 Total 2011................................ 2,519,036,000 2,417,427,000 1,851,146,000 76.58 Total 2010................................ 2,323,947,000 2,200,681,000 1,771,204,000 80.48 Total 2009................................ 2,100,279,000 1,993,172,000 1,652,516,000 82.91

B-C

Kenneth W Lalonde, Président & Chef de la direction 50 Place Cremazie Montréal QC H2P 1B6 www.tdinsurance.com service@tdinsurance.com

2013 Direct Premiums Written: +2,909,424,000 Growth: 7.47% 2013 Underwriting Performance Summary %

Reinsurance Assumed........................................... Reinsurance Ceded.............................. 69,971,000 Net Premiums Written..................... 2,839,453,000 Net Premiums Earned..................... 2,730,375,000 Net Claims & Adj Exp...................... 2,645,221,000 Commissions...................................... 320,840,000 Taxes.................................................... 88,568,000 General Expenses.............................. 300,508,000 Undwrwtg. Profit/Loss..................... –624,762,000 Investment Income............................. 112,595,000

Growth Rate (NPW)..................................... 7.31 % of Market (NPW)..................................... 6.60 Earned Loss Ratio..................................... 96.88 Total Expense Ratio.................................. 26.00 Combined Loss & Exp. Ratio.................. 122.88 Return on Equity..................................... –32.71

Underwriting Result

2013: –$624,762,000 2012: –$152,509,000 2010: –$65,268,000 2009: –$94,530,000

TEMPLE INSURANCE COMPANY

2011: +$14,564,000

Kenneth B. Irvin, CGA, President & CEO 390 Bay St., 22nd Floor Toronto ON M5H 2Y2 416-364-2851 Fax:416-361-1163 www.templeinsurance.ca

Class

Net Prems Net Prems Net Claims Claims Written Earned Incurred Ratio

Prop. - Personal...................... –5,000 0.00 Prop. - Commercial................. 31,797,000 29,797,000 21,601,000 72.49 Prop - Total ............................ 31,797,000 29,797,000 21,596,000 72.48 Aircraft..................................... 5,000 0.00 Auto. - Liability........................ 30,000 30,000 –620,000 –2,066.67 Auto - Total ............................. 30,000 30,000 –620,000 –2,066.67 Boiler/Mach-excld................... 10,000 23,000 120,000 521.74 Liability.................................... 70,361,000 72,575,000 47,384,000 65.29 Surety...................................... 58,000 0.00 Marine...................................... 1,000 0.00 Accident & Sickness................ –3,000 0.00 ——————— ——————— ——————— ————— Total 2013................................ 102,198,000 102,425,000 68,541,000 66.92 Total 2012................................ 100,115,000 99,225,000 60,767,000 61.24 Total 2011................................ 92,320,000 98,044,000 66,624,000 67.95 Total 2010................................ 103,666,000 105,946,000 59,212,000 55.89 Total 2009................................ 103,688,000 107,255,000 51,568,000 48.08

2013 Direct Premiums Written: +175,217,000 Growth: 3.01% 2013 Underwriting Performance Summary %

Reinsurance Assumed.............................. 566,000 Reinsurance Ceded.............................. 73,585,000 Net Premiums Written........................ 102,198,000 Net Premiums Earned........................ 102,425,000 Net Claims & Adj Exp........................... 68,541,000 Commissions........................................ 16,061,000 Taxes...................................................... 5,762,000 General Expenses................................ 11,814,000 Undwrwtg. Profit/Loss.............................. 247,000 Investment Income............................... 16,582,000

Net Prems Net Prems Net Claims Claims Written Earned Incurred Ratio

Auto. - Liability........................ 14,000 0.00 Auto - Total ............................. 0 0 14,000 Liability.................................... 92,000 0.00 ——————— ——————— ——————— ————— Total 2013................................ 0 0 106,000 Total 2012................................ 0 0 1,606,000 Total 2011................................ 0 0 766,000 Total 2010................................ 0 0 20,000 Total 2009................................ 0 0 –105,000

Growth Rate (NPW)..................................... 2.08 % of Market (NPW)..................................... 0.24 Earned Loss Ratio..................................... 66.92 Total Expense Ratio.................................. 32.84 Combined Loss & Exp. Ratio.................... 99.76 Return on Equity......................................... 8.53

Underwriting Result

2013: +$247,000 2012: +$1,327,000 2011: –$7,803,000 2010: –$136,000 2009: +$11,603,000

TIG INSURANCE COMPANY

Class

D-C

David Derksen, Chief Agent 255 Commerce Dr PO Box 5800 Winnipeg MB R3C 3C9 250-495-4784

B-US

2013 Underwriting Performance Summary %

Reinsurance Assumed........................................... Reinsurance Ceded................................................ Net Premiums Written.......................................... 0 Net Premiums Earned.......................................... 0 Net Claims & Adj Exp................................ 106,000 Commissions.......................................................... Taxes...................................................................... General Expenses..................................... 250,000 Undwrwtg. Profit/Loss............................ –356,000 Investment Income.................................... 171,000

Growth Rate (NPW)..................................... 0.00 % of Market (NPW)..................................... 0.00 Earned Loss Ratio....................................... 0.00 Total Expense Ratio.................................... 0.00 Combined Loss & Exp. Ratio...................... 0.00 Return on Equity................................................

Underwriting Result

2013: –$356,000 2012: –$1,870,000 2011: –$1,056,000

CANADIAN UNDERWRITER STATISTICAL ISSUE 2014

121


TOKIO MARINE & NICHIDO FIRE INSURANCE CO., LTD. B-F Craig Pinnock, Chief Agent 105 Adelaide St. W., P.O. Box 219A Toronto ON M5H 1P9 416-350-4400 Fax:416-350-4412

Class

Net Prems Net Prems Net Claims Claims Written Earned Incurred Ratio

Prop. - Personal...................... 246,000 240,000 30,000 12.50 Prop. - Commercial................. 11,943,000 10,361,000 4,387,000 42.34 Prop - Total ............................ 12,189,000 10,601,000 4,417,000 41.67 Aircraft..................................... 6,234,000 6,732,000 2,593,000 38.52 Auto. - Liability........................ 3,579,000 3,503,000 2,272,000 64.86 Auto. - Pers. Acc..................... 1,892,000 1,748,000 999,000 57.15 Auto. - Other............................ 1,743,000 1,646,000 1,938,000 117.74 Auto - Total ............................. 7,214,000 6,897,000 5,209,000 75.53 Boiler/Mach-excld................... 288,000 253,000 Fidelity..................................... 133,000 105,000 11,000 10.48 Liability.................................... 3,159,000 3,161,000 2,271,000 71.84 Marine...................................... 205,000 255,000 –601,000 –235.69 ——————— ——————— ——————— ————— Total 2013................................ 29,422,000 28,004,000 13,900,000 49.64 Total 2012................................ 27,303,000 27,534,000 13,596,000 49.38 Total 2011................................ 25,460,000 24,680,000 12,129,000 49.15 Total 2010................................ 26,081,000 25,416,000 19,411,000 76.37 Total 2009................................ 25,345,000 26,786,000 22,388,000 83.58

2013 Direct Premiums Written: +26,913,000 Growth: 20.82% 2013 Underwriting Performance Summary %

Reinsurance Assumed........................... 8,436,000 Reinsurance Ceded................................ 6,070,000 Net Premiums Written.......................... 29,422,000 Net Premiums Earned.......................... 28,004,000 Net Claims & Adj Exp........................... 13,900,000 Commissions.......................................... 3,691,000 Taxes......................................................... 868,000 General Expenses.................................. 5,277,000 Undwrwtg. Profit/Loss........................... 4,281,000 Investment Income................................. 2,263,000

Underwriting Result

2013: +$4,281,000 2012: +$4,058,000 2011: +$3,717,000 2010: –$3,419,000 2009: –$4,703,000

TRAVELERS CANADA ST. PAUL FIRE & MARINE INSURANCE COMPANY TRAVELERS INSURANCE COMPANY OF CANADA

Class

Net Prems Net Prems Net Claims Claims Written Earned Incurred Ratio

Prop. - Personal...................... 9,174,000 11,536,000 –281,000 –2.44 Prop. - Commercial................. 43,506,000 43,057,000 37,761,000 87.70 Prop - Total ............................ 52,680,000 54,593,000 37,480,000 68.65 Aircraft..................................... –1,671,000 0.00 Auto. - Liability........................ 27,833,000 26,475,000 2,164,000 8.17 Auto. - Pers. Acc..................... 3,472,000 3,491,000 1,925,000 55.14 Auto. - Other............................ 9,267,000 9,384,000 5,683,000 60.56 Auto - Total ............................. 40,572,000 39,350,000 9,772,000 24.83 Boiler/Mach-excld................... 2,558,000 2,363,000 1,148,000 48.58 Fidelity..................................... 8,303,000 8,773,000 –1,505,000 –17.15 Liability.................................... 82,075,000 85,990,000 23,223,000 27.01 Surety...................................... 57,151,000 64,997,000 –16,153,000 –24.85 Title.......................................... –43,000 0.00 Marine...................................... 14,462,000 15,261,000 6,101,000 39.98 ——————— ——————— ——————— ————— Total 2013................................ 257,801,000 271,327,000 58,352,000 21.51 Total 2012................................ 267,840,000 282,653,000 83,367,000 29.49 Total 2011................................ 298,192,000 306,721,000 132,310,000 43.14 Total 2010................................ 309,697,000 330,992,000 168,641,000 50.95 Total 2009................................ 326,159,000 354,364,000 127,279,000 35.92

Growth Rate (NPW)..................................... 7.76 % of Market (NPW)..................................... 0.07 Earned Loss Ratio..................................... 49.64 Total Expense Ratio.................................. 35.12 Combined Loss & Exp. Ratio.................... 84.76 Return on Equity......................................... 7.63

Brigid Murphy, President & Chief Executive Officer 300-20 Queen St W., PO Box 6 Toronto ON M5H 3R3 416-360-8183 Fax:416-360-8267 www.travelerscanada.ca

2013 Direct Premiums Written: +306,639,000 Growth: –1.27% 2013 Underwriting Performance Summary %

Reinsurance Assumed........................... 7,364,000 Reinsurance Ceded.............................. 56,207,000 Net Premiums Written........................ 257,801,000 Net Premiums Earned........................ 271,327,000 Net Claims & Adj Exp........................... 58,352,000 Commissions........................................ 45,434,000 Taxes.................................................... 10,935,000 General Expenses................................ 76,243,000 Undwrwtg. Profit/Loss......................... 82,420,000 Investment Income............................... 50,064,000

Underwriting Result

Growth Rate (NPW)................................... –3.75 % of Market (NPW)..................................... 0.60 Earned Loss Ratio..................................... 21.51 Total Expense Ratio.................................. 48.88 Combined Loss & Exp. Ratio.................... 70.39 Return on Equity......................................... 9.29

2013: +$82,420,000 2012: +$78,454,000 2010: +$32,294,000 2009: +$101,979,000

2011: +$48,378,000

TRISURA GUARANTEE INSURANCE COMPANY

Michael George, President & Chief Executive Officer Bay Adelaide Centre 333 Bay St. Suite 1610, Box 22 Toronto ON M5H 2R2 416-214-2555 www.trisura.com

Class

Net Prems Net Prems Net Claims Claims Written Earned Incurred Ratio

Prop. - Commercial................. 232,000 194,000 118,000 60.82 Prop - Total ............................ 232,000 194,000 118,000 60.82 Boiler/Mach-excld................... 305,000 305,000 81,000 26.56 Boiler/Mach-equip................... 10,786,000 7,131,000 1,159,000 16.25 Fidelity..................................... 2,007,000 2,109,000 150,000 7.11 Liability.................................... 17,779,000 15,830,000 6,184,000 39.07 Surety...................................... 24,393,000 22,312,000 3,454,000 15.48 ——————— ——————— ——————— ————— Total 2013................................ 55,502,000 47,881,000 11,146,000 23.28 Total 2012................................ 46,334,000 40,612,000 11,651,000 28.69 Total 2011................................ 39,531,000 33,326,000 8,802,000 26.41 Total 2010................................ 31,978,000 28,385,000 4,511,000 15.89 Total 2009................................ 25,003,000 21,362,000 5,801,000 27.16

B-C

B-C

2013 Direct Premiums Written: +78,775,000 Growth: 21.22% 2013 Underwriting Performance Summary %

Reinsurance Assumed.............................. 159,000 Reinsurance Ceded.............................. 23,602,000 Net Premiums Written.......................... 55,502,000 Net Premiums Earned.......................... 47,881,000 Net Claims & Adj Exp........................... 11,146,000 Commissions........................................ 13,680,000 Taxes...................................................... 2,299,000 General Expenses................................ 16,403,000 Undwrwtg. Profit/Loss........................... 5,768,000 Investment Income................................. 2,671,000

Growth Rate (NPW)................................... 19.79 % of Market (NPW)..................................... 0.13 Earned Loss Ratio..................................... 23.28 Total Expense Ratio.................................. 67.63 Combined Loss & Exp. Ratio.................... 90.91 Return on Equity....................................... 12.38

Underwriting Result

2013: +$5,768,000 2012: +$4,502,000 2011: +$4,794,000 2010: +$5,530,000 2009: +$2,510,000

122

canadianunderwriter.ca CANADIAN UNDERWRITER STATISTICAL ISSUE 2014


TRITON INSURANCE

Class

Net Prems Net Prems Net Claims Claims Written Earned Incurred Ratio

Prop. - Personal...................... 10,741,000 11,825,000 1,648,000 13.94 Prop - Total ............................ 10,741,000 11,825,000 1,648,000 13.94 Fidelity..................................... 36,000 36,000 Accident & Sickness................ 30,097,000 29,239,000 6,474,000 22.14 ——————— ——————— ——————— ————— Total 2013................................ 40,874,000 41,100,000 8,122,000 19.76 Total 2012................................ 44,424,000 43,564,000 9,303,000 21.35 Total 2011................................ 25,514,000 41,415,000 9,575,000 23.12 Total 2010................................ 8,972,000 41,494,000 11,254,000 27.12 Total 2009................................ 26,798,000 54,065,000 17,087,000 31.60

Henryka Anderson, Chief Agent 355 Wellington St London ON N6A 3N7 519-680-4738 Fax:866-897-8985

2013 Direct Premiums Written: +40,874,000 Growth: –7.99% 2013 Underwriting Performance Summary %

Reinsurance Assumed........................................... Reinsurance Ceded................................................ Net Premiums Written.......................... 40,874,000 Net Premiums Earned.......................... 41,100,000 Net Claims & Adj Exp............................. 8,122,000 Commissions............................................... 17,000 Taxes...................................................... 1,127,000 General Expenses.................................. 4,595,000 Undwrwtg. Profit/Loss......................... 27,239,000 Investment Income................................. 4,643,000

Growth Rate (NPW)................................... –7.99 % of Market (NPW)..................................... 0.10 Earned Loss Ratio..................................... 19.76 Total Expense Ratio.................................. 13.96 Combined Loss & Exp. Ratio.................... 33.72 Return on Equity....................................... 27.88

Underwriting Result

2013: +$27,239,000 2012: +$28,420,000 2010: +$22,053,000 2009: +$19,802,000

UNICA INSURANCE INC.

Class

Net Prems Net Prems Net Claims Claims Written Earned Incurred Ratio

Prop. - Personal...................... 28,602,000 27,936,000 17,700,000 63.36 Prop. - Commercial................. 7,451,000 6,735,000 4,624,000 68.66 Prop - Total ............................ 36,053,000 34,671,000 22,324,000 64.39 Auto. - Liability........................ 25,769,000 23,953,000 11,307,000 47.20 Auto. - Pers. Acc..................... 4,044,000 3,639,000 5,337,000 146.66 Auto. - Other............................ 23,002,000 30,533,000 20,823,000 68.20 Auto - Total ............................. 52,815,000 58,125,000 37,467,000 64.46 Legal Expense......................... 757,000 757,000 496,000 65.52 Liability.................................... 2,696,000 2,060,000 1,617,000 78.50 Surety...................................... 1,174,000 1,174,000 2,924,000 249.06 ——————— ——————— ——————— ————— Total 2013................................ 93,495,000 96,787,000 64,828,000 66.98 Total 2012................................ 88,030,000 97,920,000 59,823,000 61.09 Total 2011................................ 107,126,000 125,601,000 86,055,000 68.51 Total 2010................................ 137,598,000 123,549,000 95,467,000 77.27 Total 2009................................ 128,172,000 98,390,000 81,290,000 82.62

D-F

Martin Delage, President & COO 7150 Derrycrest Dr Mississauga ON L5W 0E5 905-677-9777 Fax:905-795-0887

2011: +$27,777,000

B-C

2013 Direct Premiums Written: +101,305,000 Growth: 8.07% 2013 Underwriting Performance Summary %

Reinsurance Assumed......................... 83,219,000 Reinsurance Ceded.............................. 91,029,000 Net Premiums Written.......................... 93,495,000 Net Premiums Earned.......................... 96,787,000 Net Claims & Adj Exp........................... 64,828,000 Commissions........................................ 18,809,000 Taxes...................................................... 2,978,000 General Expenses................................ 15,411,000 Undwrwtg. Profit/Loss......................... –3,084,000 Investment Income................................. 8,900,000

Growth Rate (NPW)..................................... 6.21 % of Market (NPW)..................................... 0.22 Earned Loss Ratio..................................... 66.98 Total Expense Ratio.................................. 38.43 Combined Loss & Exp. Ratio.................. 105.41 Return on Equity......................................... 5.04

Underwriting Result

2013: –$3,084,000 2012: +$4,084,000 2011: –$4,260,000 2010: –$7,132,000 2009: –$10,748,000

L’UNIQUE COMPAGNIE D’ASSURANCES B-C Mario Cusson, President et chef de l’exploitation GENERALES 625 Saint-Amable Québec QC G1R 2G5 418-683-2711 Fax:418-688-9684 mario.cusson@lunique.qc.ca

Class

Net Prems Net Prems Net Claims Claims Written Earned Incurred Ratio

Prop. - Personal...................... 45,751,000 41,299,000 26,307,000 63.70 Prop. - Commercial................. 14,820,000 9,957,000 6,646,000 66.75 Prop - Total ............................ 60,571,000 51,256,000 32,953,000 64.29 Auto. - Liability........................ 37,501,000 35,410,000 18,585,000 52.49 Auto. - Pers. Acc..................... 5,468,000 5,391,000 3,165,000 58.71 Auto. - Other............................ 47,875,000 45,130,000 30,449,000 67.47 Auto - Total ............................. 90,844,000 85,931,000 52,199,000 60.75 Legal Expense......................... 1,119,000 1,119,000 715,000 63.90 Liability.................................... 3,334,000 3,047,000 2,378,000 78.04 Surety...................................... 1,626,000 1,544,000 4,415,000 285.95 ——————— ——————— ——————— ————— Total 2013................................ 157,494,000 142,897,000 92,660,000 64.84 Total 2012................................ 141,302,000 126,227,000 74,791,000 59.25 Total 2011................................ 123,386,000 111,426,000 64,742,000 58.10 Total 2010................................ 111,782,000 106,834,000 65,404,000 61.22 Total 2009................................ 97,205,000 89,665,000 55,624,000 62.04

CANADIAN UNDERWRITER STATISTICAL ISSUE 2014

2013 Direct Premiums Written: +164,634,000 Growth: 8.72% 2013 Underwriting Performance Summary %

Reinsurance Assumed....................... 116,381,000 Reinsurance Ceded............................ 123,521,000 Net Premiums Written........................ 157,494,000 Net Premiums Earned........................ 142,897,000 Net Claims & Adj Exp........................... 92,660,000 Commissions........................................ 25,078,000 Taxes...................................................... 5,281,000 General Expenses................................ 24,971,000 Undwrwtg. Profit/Loss......................... –2,134,000 Investment Income................................. 5,753,000

Growth Rate (NPW)................................... 11.46 % of Market (NPW)..................................... 0.37 Earned Loss Ratio..................................... 64.84 Total Expense Ratio.................................. 38.72 Combined Loss & Exp. Ratio.................. 103.56 Return on Equity......................................... 5.58

Underwriting Result

2013: –$2,134,000 2012: +$6,278,000 2011: +$6,532,000 2010: +$4,034,000 2009: +$6,701,000

123


UTICA MUTUAL INSURANCE COMPANY LIMITED B-US Colleen Sexsmith, Chief Agent 1145 Nicholson Rd., Unit 2 Newmarket ON L3Y 9C3 905-853-0858 Fax:905-853-0183

Class

Net Prems Net Prems Net Claims Claims Written Earned Incurred Ratio

Auto. - Liability........................ 9,000 0.00 Auto - Total ............................. 0 0 9,000 Liability.................................... –27,000 0.00 ——————— ——————— ——————— ————— Total 2013................................ 0 0 –18,000 Total 2012................................ 19,000 19,000 –39,000 –205.26 Total 2011................................ 0 0 –16,000 Total 2010................................ 0 0 –398,000 Total 2009................................ 0 0 –55,000

2013 Underwriting Performance Summary %

Reinsurance Assumed........................................... Reinsurance Ceded................................................ Net Premiums Written.......................................... 0 Net Premiums Earned.......................................... 0 Net Claims & Adj Exp................................ –18,000 Commissions.......................................................... Taxes...................................................................... General Expenses..................................... 247,000 Undwrwtg. Profit/Loss............................ –229,000 Investment Income...................................... 36,000

Growth Rate (NPW)............................... –100.00 % of Market (NPW)..................................... 0.00 Earned Loss Ratio....................................... 0.00 Total Expense Ratio.................................... 0.00 Combined Loss & Exp. Ratio...................... 0.00 Return on Equity....................................... –5.68

Underwriting Result

2013: –$229,000 2012: –$127,000 2011: –$210,000 2010: +$205,000 2009: –$128,000

THE WAWANESA MUTUAL INSURANCE COMPANY B-C Kenneth E McCrea, President & Chief Executive Officer 191 Broadway Winnipeg MB R3C 3P1 204-985-3923 Fax:204-942-7724 www.wawanesa.com Class

Net Prems Net Prems Net Claims Claims Written Earned Incurred Ratio

Prop. - Personal...................... 634,112,000 628,417,000 514,481,000 81.87 Prop. - Commercial................. 218,810,000 209,568,000 149,568,000 71.37 Prop - Total ............................ 852,922,000 837,985,000 664,049,000 79.24 Auto. - Liability........................ 550,848,000 553,448,000 418,495,000 75.62 Auto. - Pers. Acc..................... 200,261,000 210,153,000 145,582,000 69.27 Auto. - Other............................ 383,731,000 389,708,000 284,514,000 73.01 Auto - Total ............................. 1,134,840,000 1,153,309,000 848,591,000 73.58 Boiler/Mach-excld................... 1,000 Liability.................................... 40,089,000 38,949,000 25,010,000 64.21 ——————— ——————— ——————— ————— Total 2013................................ 2,027,851,000 2,030,244,000 1,537,650,000 75.74 Total 2012................................ 2,083,019,000 2,039,766,000 1,501,258,000 73.60 Total 2011................................ 2,002,286,000 1,930,568,000 1,485,946,000 76.97 Total 2010................................ 1,883,107,000 1,789,221,000 1,347,593,000 75.32 Total 2009................................ 1,694,037,000 1,610,616,000 1,265,024,000 78.54

2013 Direct Premiums Written: +2,151,275,000 Growth: –0.47% 2013 Underwriting Performance Summary %

Reinsurance Assumed........................................... Reinsurance Ceded............................ 123,424,000 Net Premiums Written..................... 2,027,851,000 Net Premiums Earned..................... 2,030,244,000 Net Claims & Adj Exp...................... 1,537,650,000 Commissions...................................... 368,206,000 Taxes.................................................... 73,392,000 General Expenses.............................. 175,561,000 Undwrwtg. Profit/Loss....................... –92,814,000 Investment Income............................. 185,082,000

Growth Rate (NPW)................................... –2.65 % of Market (NPW)..................................... 4.71 Earned Loss Ratio..................................... 75.74 Total Expense Ratio.................................. 30.40 Combined Loss & Exp. Ratio.................. 106.14 Return on Equity......................................... 3.24

Underwriting Result

2013: –$92,814,000 2012: –$36,735,000 2011: –$75,726,000 2010: –$40,078,000 2009: –$89,446,000

WESTERN FINANCIAL INSURANCE

Glen Williams, President & Chief Executive Officer 200-1200 Portage Ave Winnipeg MB R3G 0T5 204-942-2555 Fax:204-943-9597 www.westernfic.com

Class

Net Prems Net Prems Net Claims Claims Written Earned Incurred Ratio

Prop. - Personal...................... 46,008,000 45,833,000 25,922,000 56.56 Prop - Total ............................ 46,008,000 45,833,000 25,922,000 56.56 ——————— ——————— ——————— ————— Total 2013................................ 46,008,000 45,833,000 25,922,000 56.56 Total 2012................................ 41,747,000 41,334,000 22,480,000 54.39 Total 2011................................ 39,825,000 38,820,000 19,627,000 50.56 Total 2009................................ 32,059,000 32,096,000 16,458,000 51.28

D-C

2013 Direct Premiums Written: +46,008,000 Growth: 10.21% 2013 Underwriting Performance Summary %

Reinsurance Assumed........................................... Reinsurance Ceded................................................ Net Premiums Written.......................... 46,008,000 Net Premiums Earned.......................... 45,833,000 Net Claims & Adj Exp........................... 25,922,000 Commissions............................................. 972,000 Taxes...................................................... 2,795,000 General Expenses................................ 15,187,000 Undwrwtg. Profit/Loss........................... 2,062,000 Investment Income.................................... 655,000

Growth Rate (NPW)................................... 10.21 % of Market (NPW)..................................... 0.11 Earned Loss Ratio..................................... 56.56 Total Expense Ratio.................................. 41.35 Combined Loss & Exp. Ratio.................... 97.91 Return on Equity................................................

Underwriting Result

2013: +$2,062,000 2012: +$2,436,000 2011: +$3,802,000

124

canadianunderwriter.ca CANADIAN UNDERWRITER STATISTICAL ISSUE 2014


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 everchanging needs. With our outstanding claims service, policyholders become customers for life. Contact your Wawanesa Insurance representative to learn about our innovative solutions.

wawanesa.com

Auto

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Business

Farm

Life and Group


WESTERN SURETY COMPANY

D-C

Scott W Donald, President & Chief Executive Officer 2100-1881 Scarth St Regina SK S4P 4K9 306-791-3735 Fax:306-359-0929 www.westernsurety.ca sdonald@westernsurety.ca Class

Net Prems Net Prems Net Claims Claims Written Earned Incurred Ratio

Fidelity..................................... 4,000 6,000 Surety...................................... 13,496,000 13,291,000 2,764,000 20.80 ——————— ——————— ——————— ————— Total 2013................................ 13,500,000 13,297,000 2,764,000 20.79 Total 2012................................ 13,038,000 13,204,000 106,000 0.80 Total 2011................................ 13,340,000 13,131,000 –50,000 –0.38 Total 2010................................ 13,910,000 12,961,000 5,226,000 40.32 Total 2009................................ 11,992,000 11,082,000 1,525,000 13.76

2013 Direct Premiums Written: +24,189,000 Growth: 12.57% 2013 Underwriting Performance Summary %

Reinsurance Assumed........................................... Reinsurance Ceded.............................. 10,697,000 Net Premiums Written.......................... 13,500,000 Net Premiums Earned.......................... 13,297,000 Net Claims & Adj Exp............................. 2,764,000 Commissions........................................ 15,670,000 Taxes......................................................... 509,000 General Expenses.................................. 1,821,000 Undwrwtg. Profit/Loss.............................. –55,000 Investment Income................................. 1,241,000

Growth Rate (NPW)..................................... 3.54 % of Market (NPW)..................................... 0.03 Earned Loss Ratio..................................... 20.79 Total Expense Ratio................................ 135.37 Combined Loss & Exp. Ratio.................. 156.16 Return on Equity......................................... 4.40

Underwriting Result

2013: –$55,000 2012: +$3,223,000 2011: +$2,495,000 2010: –$2,406,000 2009: +$1,334,000

WYNWARD INSURANCE GROUP

B-C

Darryl Levy, President & Chief Executive Officer 1240 One Lombard Place Winnipeg MB R3B 0V9 204-943-0721 Fax:204-943-6419 www.wynward.com Class

Net Prems Net Prems Net Claims Claims Written Earned Incurred Ratio

Prop. - Personal...................... 8,265,000 8,344,000 4,813,000 57.68 Prop. - Commercial................. 36,017,000 33,109,000 18,294,000 55.25 Prop - Total ............................ 44,282,000 41,453,000 23,107,000 55.74 Boiler/Mach-excld................... 91,000 190,000 68,000 35.79 Fidelity..................................... 41,000 33,000 5,000 15.15 Liability.................................... 13,553,000 12,371,000 5,321,000 43.01 Surety...................................... 123,000 156,000 –2,000 –1.28 ——————— ——————— ——————— ————— Total 2013................................ 58,090,000 54,203,000 28,499,000 52.58 Total 2012................................ 50,748,000 46,606,000 19,827,000 42.54 Total 2011................................ 45,863,000 44,167,000 21,895,000 49.57 Total 2010................................ 42,427,000 41,859,000 19,932,000 47.62 Total 2009................................ 41,504,000 40,082,000 15,557,000 38.81

2013 Direct Premiums Written: +76,407,000 Growth: 16.50% 2013 Underwriting Performance Summary %

Reinsurance Assumed........................................... Reinsurance Ceded.............................. 18,317,000 Net Premiums Written.......................... 58,090,000 Net Premiums Earned.......................... 54,203,000 Net Claims & Adj Exp........................... 28,499,000 Commissions........................................ 11,972,000 Taxes...................................................... 2,858,000 General Expenses.................................. 9,642,000 Undwrwtg. Profit/Loss........................... 1,232,000 Investment Income................................. 5,671,000

Growth Rate (NPW)................................... 14.47 % of Market (NPW)..................................... 0.14 Earned Loss Ratio..................................... 52.58 Total Expense Ratio.................................. 45.15 Combined Loss & Exp. Ratio.................... 97.73 Return on Equity....................................... 15.25

Underwriting Result

2013: +$1,232,000 2012: +$4,577,000 2011: +$2,397,000 2010: +$3,139,000 2009: +$6,590,000

126

canadianunderwriter.ca CANADIAN UNDERWRITER STATISTICAL ISSUE 2014


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InsuranceMediaGroup.com


XL INSURANCE

Class

Net Prems Net Prems Net Claims Claims Written Earned Incurred Ratio

Prop. - Commercial................. 21,490,000 20,076,000 19,535,000 97.31 Prop - Total ............................ 21,490,000 20,076,000 19,535,000 97.31 Aircraft..................................... 7,574,000 7,634,000 6,519,000 85.39 Auto. - Liability........................ 1,012,000 985,000 207,000 21.02 Auto - Total ............................. 1,012,000 985,000 207,000 21.02 Boiler/Mach-excld................... 261,000 –267,000 –102.30 Boiler/Mach-equip................... –303,000 515,000 –169.97 Liability.................................... 58,366,000 59,786,000 65,948,000 110.31 Surety...................................... –8,000 37,000 24,000 64.86 Marine...................................... 1,812,000 1,651,000 1,214,000 73.53 ——————— ——————— ——————— ————— Total 2013................................ 90,246,000 90,127,000 93,695,000 103.96 Total 2012................................ 90,416,000 91,100,000 58,925,000 64.68 Total 2011................................ 73,717,000 87,938,000 49,496,000 56.29 Total 2010................................ 86,536,000 83,118,000 49,640,000 59.72 Total 2009................................ 89,729,000 89,226,000 49,967,000 56.00

Cindy Guyatt, Country Manager & Chief Agent 100 Yonge St, Suite 1802 Toronto ON M5C 2W1 416-928-8561 Fax:416-928-8858 www.xlinsurance

B-UK

2013 Direct Premiums Written: +125,386,000 Growth: 6.93% 2013 Underwriting Performance Summary %

Reinsurance Assumed........................... 3,096,000 Reinsurance Ceded.............................. 38,236,000 Net Premiums Written.......................... 90,246,000 Net Premiums Earned.......................... 90,127,000 Net Claims & Adj Exp........................... 93,695,000 Commissions.......................................... 7,144,000 Taxes...................................................... 4,307,000 General Expenses................................ 25,513,000 Undwrwtg. Profit/Loss....................... –40,556,000 Investment Income............................... 11,584,000

Growth Rate (NPW)................................... –0.19 % of Market (NPW)..................................... 0.21 Earned Loss Ratio................................... 103.96 Total Expense Ratio.................................. 41.01 Combined Loss & Exp. Ratio.................. 144.97 Return on Equity....................................... –7.47

Underwriting Result

2013: –$40,556,000 2012: –$1,347,000 2011: +$9,180,000 2010: +$4,658,000 2009: +$10,176,000

ZURICH INSURANCE COMPANY LTD Patrick Lundy, President (CANADIAN BRANCH) First Canadian Place, 100 King St W., Suite 5500

B-F

Toronto ON M5X 1C9 416-586-3000 Fax:416-586-2990 www.zurichcanada.com Class

Net Prems Net Prems Net Claims Claims Written Earned Incurred Ratio

Prop. - Commercial................. 265,507,000 257,871,000 156,997,000 60.88 Prop - Total ............................ 265,507,000 257,871,000 156,997,000 60.88 Aircraft..................................... 9,000 0.00 Auto. - Liability........................ 101,764,000 99,428,000 75,322,000 75.76 Auto. - Pers. Acc..................... 17,881,000 17,827,000 20,901,000 117.24 Auto. - Other............................ 45,283,000 44,852,000 24,234,000 54.03 Auto - Total ............................. 164,928,000 162,107,000 120,457,000 74.31 Boiler/Mach-excld................... 19,372,000 20,602,000 28,402,000 137.86 Fidelity..................................... 1,218,000 1,229,000 1,509,000 122.78 Liability.................................... 234,217,000 229,951,000 186,880,000 81.27 Other Apprvd. Prod................. –10,000 245,000 34,000 13.88 Surety...................................... 45,000 35,000 414,000 1,182.86 Marine...................................... 6,679,000 6,393,000 1,318,000 20.62 Accident & Sickness................ 1,484,000 1,484,000 1,361,000 91.71 ——————— ——————— ——————— ————— Total 2013................................ 693,440,000 679,917,000 497,381,000 73.15 Total 2012................................ 641,825,000 641,342,000 426,831,000 66.55 Total 2011................................ 649,716,000 639,906,000 376,132,000 58.78 Total 2010................................ 651,336,000 644,229,000 461,501,000 71.64 Total 2009................................ 579,006,000 592,490,000 448,912,000 75.77

128

2013 Direct Premiums Written: +916,459,000 Growth: 0.34% 2013 Underwriting Performance Summary %

Reinsurance Assumed....................... 191,947,000 Reinsurance Ceded............................ 420,973,000 Net Premiums Written........................ 693,440,000 Net Premiums Earned........................ 679,917,000 Net Claims & Adj Exp......................... 497,381,000 Commissions........................................ 57,994,000 Taxes.................................................... 31,089,000 General Expenses................................ 92,465,000 Undwrwtg. Profit/Loss......................... 11,203,000 Investment Income............................... 49,424,000

Underwriting Result

Growth Rate (NPW)..................................... 8.04 % of Market (NPW)..................................... 1.61 Earned Loss Ratio..................................... 73.15 Total Expense Ratio.................................. 26.70 Combined Loss & Exp. Ratio.................... 99.85 Return on Equity......................................... 6.09

2013: +$11,203,000 2012: +$22,411,000 2010: +$7,793,000 2009: –$23,107,000

2011: +$89,987,000

canadianunderwriter.ca CANADIAN UNDERWRITER STATISTICAL ISSUE 2014


2013 REINSURANCE COMPANIES RESULTS ALEA (BERMUDA) LTD

Class

Net Prems Net Prems Net Claims Claims Written Earned Incurred Ratio

Prop. - Personal...................... 19,000 19,000 –427,000 –2,247.37 Prop. - Commercial................. 8,000 8,000 –13,000 –162.50 Prop - Total ............................ 27,000 27,000 –440,000 –1,629.63 Auto. - Liability........................ 20,000 20,000 342,000 1,710.00 Auto - Total ............................. 20,000 20,000 342,000 1,710.00 Liability.................................... 15,000 16,000 –200,000 –1,250.00 Surety...................................... 1,000 0.00 ——————— ——————— ——————— ————— Total 2013................................ 62,000 63,000 –297,000 –471.43 Total 2012................................ 44,000 45,000 267,000 593.33 Total 2011................................ 4,000 7,000 –214,000 –3,057.14 Total 2010................................ 22,000 24,000 –500,000 –2,083.33 Total 2009................................ 42,000 43,000 399,000 927.91

R-F

H. Steven Frye, Chief Agent 200 University Ave, 14th Floor Toronto ON M5H 3C6 416-368-7790, Ext 234 Fax:416-368-0886 sfrye@cwcagroup.com

2013 Underwriting Performance Summary %

Reinsurance Assumed................................ 62,000 Reinsurance Ceded................................................ Net Premiums Written................................. 62,000 Net Premiums Earned................................. 63,000 Net Claims & Adj Exp.............................. –297,000 Commissions................................................. 7,000 Taxes...................................................................... General Expenses..................................... 343,000 Undwrwtg. Profit/Loss................................ 10,000 Investment Income.................................... 669,000

Growth Rate (NPW)................................... 40.91 % of Market (NPW)..................................... 0.00 Earned Loss Ratio................................. –471.43 Total Expense Ratio................................ 555.56 Combined Loss & Exp. Ratio.................... 84.13 Return on Equity......................................... 8.06

Underwriting Result

2013: +$10,000 2012: –$578,000 2011: –$203,000 2010: +$105,000 2009: –$877,000

ASPEN INSURANCE UK LIMITED

R-UK

Scotia Plaza 2100 40 King St W Toronto ON M5H 3C2

Class

Net Prems Net Prems Net Claims Claims Written Earned Incurred Ratio

Prop. - Commercial................. 6,088,000 5,412,000 4,016,000 74.21 Prop - Total ............................ 6,088,000 5,412,000 4,016,000 74.21 Aircraft..................................... 83,000 391,000 160,000 40.92 Auto. - Liability........................ –12,000 232,000 –2,001,000 –862.50 Auto - Total ............................. –12,000 232,000 –2,001,000 –862.50 Liability.................................... 5,640,000 5,287,000 –623,000 –11.78 Surety...................................... 137,000 324,000 60,000 18.52 Marine...................................... 117,000 208,000 141,000 67.79 ——————— ——————— ——————— ————— Total 2013................................ 12,053,000 11,854,000 1,753,000 14.79 Total 2012................................ 9,013,000 8,397,000 8,546,000 101.77 Total 2011................................ 30,810,000 34,048,000 26,754,000 78.58 Total 2010................................ 49,252,000 54,045,000 34,650,000 64.11 Total 2009................................ 65,449,000 72,567,000 62,219,000 85.74

2013 Direct Premiums Written: +24,650,000 Growth: 12.55% 2013 Underwriting Performance Summary %

Reinsurance Assumed......................... 19,116,000 Reinsurance Ceded.............................. 31,713,000 Net Premiums Written.......................... 12,053,000 Net Premiums Earned.......................... 11,854,000 Net Claims & Adj Exp............................. 1,753,000 Commissions.......................................... 1,196,000 Taxes...................................................... 1,052,000 General Expenses.................................. 1,738,000 Undwrwtg. Profit/Loss........................... 5,038,000 Investment Income................................. 4,784,000

Growth Rate (NPW)................................... 33.73 % of Market (NPW)..................................... 0.03 Earned Loss Ratio..................................... 14.79 Total Expense Ratio.................................. 33.63 Combined Loss & Exp. Ratio.................... 48.42 Return on Equity......................................... 7.55

Underwriting Result

2013: +$5,038,000 2012: –$6,751,000 2011: –$2,037,000 2010: +$3,210,000 2009: –$1,531,000

CAISSE CENTRALE DE REASSURANCE

Pierre Dionne, Senior Vice President & Chief Agent 150 York St Suite 1010 Toronto ON M5H 3S5 416-644-0821 Fax:416-644-0822 www.ccr.fr pdionne@ccr.fr

Class

Net Prems Net Prems Net Claims Claims Written Earned Incurred Ratio

Prop. - Personal...................... 8,028,000 8,199,000 5,490,000 66.96 Prop. - Commercial................. 9,500,000 9,929,000 11,808,000 118.92 Prop - Total ............................ 17,528,000 18,128,000 17,298,000 95.42 Aircraft..................................... 20,000 0.00 Auto. - Liability........................ 5,626,000 5,643,000 2,268,000 40.19 Auto. - Pers. Acc..................... 2,657,000 2,662,000 2,132,000 80.09 Auto. - Other............................ 2,357,000 2,310,000 152,000 6.58 Auto - Total ............................. 10,640,000 10,615,000 4,552,000 42.88 Boiler/Mach-excld................... 96,000 96,000 –6,000 –6.25 Fidelity..................................... 445,000 445,000 –24,000 –5.39 Liability.................................... 8,563,000 11,484,000 2,614,000 22.76 Surety...................................... 1,845,000 1,831,000 7,329,000 400.27 Marine...................................... 350,000 350,000 623,000 178.00 ——————— ——————— ——————— ————— Total 2013................................ 39,467,000 42,949,000 32,406,000 75.45 Total 2012................................ 48,931,000 50,868,000 36,819,000 72.38 Total 2011................................ 50,183,000 52,656,000 44,794,000 85.07 Total 2010................................ 47,990,000 47,407,000 29,813,000 62.89 Total 2009................................ 46,095,000 46,211,000 32,561,000 70.46

130

R-F

2013 Underwriting Performance Summary %

Reinsurance Assumed......................... 41,808,000 Reinsurance Ceded................................ 2,341,000 Net Premiums Written.......................... 39,467,000 Net Premiums Earned.......................... 42,949,000 Net Claims & Adj Exp........................... 32,406,000 Commissions.......................................... 7,633,000 Taxes......................................................... 198,000 General Expenses.................................. 3,958,000 Undwrwtg. Profit/Loss......................... –1,246,000 Investment Income................................. 2,209,000

Growth Rate (NPW)................................. –19.34 % of Market (NPW)..................................... 0.09 Earned Loss Ratio..................................... 75.45 Total Expense Ratio.................................. 27.45 Combined Loss & Exp. Ratio.................. 102.90 Return on Equity......................................... 1.25

Underwriting Result

2013: –$1,246,000 2012: –$1,374,000 2011: –$7,108,000 2010: +$2,270,000 2009: –$505,000

canadianunderwriter.ca CANADIAN UNDERWRITER STATISTICAL ISSUE 2014


EVEREST REINSURANCE COMPANY

James G. Camerino, Chief Agent The Exchange Tower, P.O. Box 431 130 King St. W., Suite 2520 Toronto ON M5X 1E3 416-862-1228 Fax:416-366-5899

Class

Net Prems Net Prems Net Claims Claims Written Earned Incurred Ratio

Prop. - Personal...................... 6,338,000 6,320,000 7,105,000 112.42 Prop. - Commercial................. 15,994,000 16,156,000 11,336,000 70.17 Prop - Total ............................ 22,332,000 22,476,000 18,441,000 82.05 Aircraft..................................... 87,000 83,000 425,000 512.05 Auto. - Liability........................ 5,878,000 6,438,000 –3,269,000 –50.78 Auto. - Pers. Acc..................... 2,862,000 2,806,000 6,771,000 241.30 Auto - Total ............................. 8,740,000 9,244,000 3,502,000 37.88 Boiler/Mach-excld................... 534,000 511,000 –96,000 –18.79 Credit....................................... 1,000 1,000 0.00 Fidelity..................................... 1,189,000 837,000 –138,000 –16.49 Hail.......................................... 2,980,000 2,889,000 723,000 25.03 Liability.................................... 21,492,000 24,248,000 –1,548,000 –6.38 Mortgage................................. 2,196,000 2,196,000 1,408,000 64.12 Surety...................................... 2,124,000 2,776,000 506,000 18.23 Marine...................................... 673,000 645,000 Accident & Sickness................ 147,000 143,000 30,000 20.98 ——————— ——————— ——————— ————— Total 2013................................ 62,495,000 66,048,000 23,254,000 35.21 Total 2012................................ 68,359,000 96,927,000 59,902,000 61.80 Total 2011................................ 154,352,000 148,814,000 103,210,000 69.36 Total 2010................................ 154,699,000 149,910,000 91,355,000 60.94 Total 2009................................ 136,057,000 131,860,000 81,632,000 61.91

R-US

2013 Underwriting Performance Summary %

Reinsurance Assumed....................... 207,149,000 Reinsurance Ceded............................ 144,654,000 Net Premiums Written.......................... 62,495,000 Net Premiums Earned.......................... 66,048,000 Net Claims & Adj Exp........................... 23,254,000 Commissions.......................................... 7,864,000 Taxes...................................................................... General Expenses.................................. 7,799,000 Undwrwtg. Profit/Loss......................... 27,131,000 Investment Income............................... 22,986,000

Growth Rate (NPW)................................... –8.58 % of Market (NPW)..................................... 0.14 Earned Loss Ratio..................................... 35.21 Total Expense Ratio.................................. 23.71 Combined Loss & Exp. Ratio.................... 58.92 Return on Equity....................................... 10.21

Underwriting Result

2013: +$27,131,000 2012: +$13,118,000 2010: +$21,439,000 2009: +$18,117,000

FARM MUTUAL REINSURANCE PLAN

2011: +$5,166,000

R-C

G.S. (Steve) Smith, President 350 Pinebush Rd, PO Box 3428 Cambridge ON N3H 4T3 519-740-6415 Fax:519-740-8852 Class

Net Prems Net Prems Net Claims Claims Written Earned Incurred Ratio

Prop. - Personal...................... 76,269,000 77,280,000 60,236,000 77.95 Prop - Total ............................ 76,269,000 77,280,000 60,236,000 77.95 Auto. - Liability........................ 41,812,000 43,899,000 15,326,000 34.91 Auto - Total ............................. 41,812,000 43,899,000 15,326,000 34.91 Boiler/Mach-excld................... 1,000 1,000 7,000 700.00 Liability.................................... 17,366,000 17,579,000 6,597,000 37.53 Accident & Sickness................ 28,000 28,000 38,000 135.71 ——————— ——————— ——————— ————— Total 2013................................ 135,476,000 138,787,000 82,204,000 59.23 Total 2012................................ 141,183,000 142,422,000 74,623,000 52.40 Total 2011................................ 119,007,000 113,090,000 101,034,000 89.34 Total 2010................................ 116,566,000 113,988,000 115,325,000 101.17 Total 2009................................ 107,826,000 115,947,000 107,924,000 93.08

2013 Underwriting Performance Summary %

Reinsurance Assumed....................... 178,958,000 Reinsurance Ceded.............................. 43,482,000 Net Premiums Written........................ 135,476,000 Net Premiums Earned........................ 138,787,000 Net Claims & Adj Exp........................... 82,204,000 Commissions........................................ 13,496,000 Taxes...................................................................... General Expenses.................................. 9,765,000 Undwrwtg. Profit/Loss......................... 34,145,000 Investment Income............................... 20,971,000

Growth Rate (NPW)................................... –4.04 % of Market (NPW)..................................... 0.31 Earned Loss Ratio..................................... 59.23 Total Expense Ratio.................................. 16.76 Combined Loss & Exp. Ratio.................... 75.99 Return on Equity....................................... 14.81

Underwriting Result

2013: +$34,145,000 2012: +$42,989,000 2010: –$22,457,000 2009: –$9,993,000

GENERAL REINSURANCE CORPORATION

Class

Net Prems Net Prems Net Claims Claims Written Earned Incurred Ratio

Prop. - Personal...................... –43,000 496,000 Prop. - Commercial................. 33,437,000 33,521,000 37,951,000 113.22 Prop - Total ............................ 33,394,000 34,017,000 37,951,000 111.56 Aircraft..................................... 614,000 642,000 156,000 24.30 Auto. - Liability........................ 4,084,000 4,493,000 –4,180,000 –93.03 Auto. - Pers. Acc..................... 1,000 0.00 Auto. - Other............................ 542,000 560,000 Auto - Total ............................. 4,626,000 5,053,000 –4,179,000 –82.70 Boiler/Mach-excld................... 332,000 287,000 157,000 54.70 Fidelity..................................... 1,135,000 1,171,000 68,000 5.81 Liability.................................... 2,603,000 3,312,000 –10,983,000 –331.61 Surety...................................... –39,000 0.00 Marine...................................... 1,654,000 1,587,000 50,000 3.15 ——————— ——————— ——————— ————— Total 2013................................ 44,358,000 46,069,000 23,181,000 50.32 Total 2012................................ 50,283,000 48,812,000 –5,329,000 –10.92 Total 2011................................ 50,408,000 51,915,000 –3,071,000 –5.92 Total 2010................................ 56,301,000 55,484,000 14,320,000 25.81 Total 2009................................ 51,018,000 47,934,000 9,108,000 19.00

132

2011: –$1,251,000

R-US

Christopher Walton, Vice-President & Chief Agent For Canada 1 First Canadian Place Suite 5705, P.O. Box 471 Toronto ON M5X 1E4 416-869-0490 Fax:416-360-2020 www.genre.com

2013 Underwriting Performance Summary %

Reinsurance Assumed......................... 45,451,000 Reinsurance Ceded................................ 1,093,000 Net Premiums Written.......................... 44,358,000 Net Premiums Earned.......................... 46,069,000 Net Claims & Adj Exp........................... 23,181,000 Commissions.......................................... 3,480,000 Taxes........................................................... 53,000 General Expenses................................ 11,738,000 Undwrwtg. Profit/Loss........................... 5,495,000 Investment Income............................... 10,561,000

Underwriting Result

Growth Rate (NPW)................................. –11.78 % of Market (NPW)..................................... 0.10 Earned Loss Ratio..................................... 50.32 Total Expense Ratio.................................. 33.15 Combined Loss & Exp. Ratio.................... 83.47 Return on Equity......................................... 7.39

2013: +$5,495,000 2012: +$39,294,000 2010: +$24,516,000 2009: +$23,049,000

2011: +$43,482,000

canadianunderwriter.ca CANADIAN UNDERWRITER STATISTICAL ISSUE 2014


HANNOVER RÜCK SE.

Class

Net Prems Net Prems Net Claims Claims Written Earned Incurred Ratio

Prop. - Personal...................... 228,000 Prop. - Commercial................. 117,810,000 112,790,000 102,202,000 90.61 Prop - Total ............................ 117,810,000 113,018,000 102,202,000 90.43 Aircraft..................................... 1,673,000 944,000 342,000 36.23 Auto. - Liability........................ 23,946,000 23,916,000 14,054,000 58.76 Auto - Total ............................. 23,946,000 23,916,000 14,054,000 58.76 Boiler/Mach-excld................... 2,783,000 1,324,000 586,000 44.26 Credit....................................... 1,421,000 1,395,000 163,000 11.68 Fidelity..................................... 886,000 890,000 271,000 30.45 Hail.......................................... 172,000 229,000 –494,000 –215.72 Liability.................................... 50,756,000 48,331,000 34,904,000 72.22 Surety...................................... 16,501,000 16,719,000 12,725,000 76.11 Marine...................................... 424,000 426,000 645,000 151.41 Accident & Sickness................ 274,000 111,000 –15,000 –13.51 ——————— ——————— ——————— ————— Total 2013................................ 216,646,000 207,303,000 165,383,000 79.78 Total 2012................................ 177,277,000 171,170,000 140,501,000 82.08 Total 2011................................ 138,874,000 131,214,000 117,300,000 89.40 Total 2010................................ 118,613,000 113,999,000 87,335,000 76.61 Total 2009................................ 100,785,000 100,417,000 89,586,000 89.21

Laurel E Grant, Chief Agent For Canada 3650 Victoria Park Ave, Suite 201 Toronto ON M2H 3P7 416-496-1148 Fax:416-496-1089

R-F

2013 Underwriting Performance Summary %

Reinsurance Assumed....................... 268,848,000 Reinsurance Ceded.............................. 52,202,000 Net Premiums Written........................ 216,646,000 Net Premiums Earned........................ 207,303,000 Net Claims & Adj Exp......................... 165,383,000 Commissions........................................ 39,494,000 Taxes...................................................................... General Expenses.................................. 3,942,000 Undwrwtg. Profit/Loss......................... –1,516,000 Investment Income............................... 21,017,000

Growth Rate (NPW)................................... 22.21 % of Market (NPW)..................................... 0.50 Earned Loss Ratio..................................... 79.78 Total Expense Ratio.................................. 20.95 Combined Loss & Exp. Ratio.................. 100.73 Return on Equity......................................... 0.04

Underwriting Result

2013: –$1,516,000 2012: –$8,695,000 2011: –$17,989,000 2010: –$233,000 2009: –$12,113,000

MAPFRE RE COMPANIA DE REASEGUROS, S.A.

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 Class

Net Prems Net Prems Net Claims Claims Written Earned Incurred Ratio

Prop. - Personal...................... 8,494,000 8,553,000 9,521,000 111.32 Prop. - Commercial................. 5,664,000 5,704,000 6,346,000 111.26 Prop - Total ............................ 14,158,000 14,257,000 15,867,000 111.29 Aircraft..................................... –1,000 –1,000 –22,000 2,200.00 Hail.......................................... 966,000 959,000 66,000 6.88 Liability.................................... 87,000 79,000 16,000 20.25 Surety...................................... 61,000 61,000 60,000 98.36 ——————— ——————— ——————— ————— Total 2013................................ 15,271,000 15,355,000 15,987,000 104.12 Total 2012................................ 16,571,000 17,691,000 8,582,000 48.51 Total 2011................................ 16,770,000 16,463,000 9,907,000 60.18 Total 2010................................ 15,760,000 15,470,000 7,902,000 51.08 Total 2009................................ 13,096,000 12,928,000 7,756,000 59.99

2013 Underwriting Performance Summary %

Reinsurance Assumed......................... 21,756,000 Reinsurance Ceded................................ 6,485,000 Net Premiums Written.......................... 15,271,000 Net Premiums Earned.......................... 15,355,000 Net Claims & Adj Exp........................... 15,987,000 Commissions.......................................... 3,174,000 Taxes...................................................................... General Expenses..................................... 603,000 Undwrwtg. Profit/Loss......................... –4,409,000 Investment Income................................. 1,124,000

Growth Rate (NPW)................................... –7.85 % of Market (NPW)..................................... 0.04 Earned Loss Ratio................................... 104.12 Total Expense Ratio.................................. 24.60 Combined Loss & Exp. Ratio.................. 128.72 Return on Equity....................................... –0.07

Underwriting Result

2013: –$4,409,000 2012: +$5,749,000 2011: +$1,476,000 2010: +$3,739,000 2009: +$1,387,000

MUNICH REINSURANCE AMERICA, INC.

R-US

Bernie Maingot, Chief Agent 390 Bay St, 22nd Floor Toronto ON M5H 2Y2 416-681-6944 Fax:416-591-8830 www.munichreamerica.com Class

Net Prems Net Prems Net Claims Claims Written Earned Incurred Ratio

Prop. - Personal...................... 274,000 274,000 –44,000 –16.06 Prop. - Commercial................. 5,711,000 6,616,000 10,724,000 162.09 Prop - Total ............................ 5,985,000 6,890,000 10,680,000 155.01 Aircraft..................................... –2,000 0.00 Auto. - Liability........................ 2,126,000 1,425,000 6,964,000 488.70 Auto. - Pers. Acc..................... 1,079,000 0.00 Auto. - Other............................ 16,000 16,000 –24,000 –150.00 Auto - Total ............................. 2,142,000 1,441,000 8,019,000 556.49 Boiler/Mach-excld................... 534,000 534,000 17,000 3.18 Credit....................................... 641,000 597,000 217,000 36.35 Liability.................................... 2,543,000 1,877,000 –2,840,000 –151.31 Surety...................................... 1,333,000 1,168,000 3,855,000 330.05 Marine...................................... 608,000 608,000 191,000 31.41 Accident & Sickness................ 323,000 323,000 176,000 54.49 ——————— ——————— ——————— ————— Total 2013................................ 14,109,000 13,438,000 20,313,000 151.16 Total 2012................................ 11,756,000 11,250,000 9,599,000 85.32 Total 2011................................ 13,354,000 15,856,000 4,286,000 27.03 Total 2010................................ 13,954,000 12,904,000 4,362,000 33.80 Total 2009................................ 14,444,000 14,781,000 24,881,000 168.33

CANADIAN UNDERWRITER STATISTICAL ISSUE 2014

2013 Underwriting Performance Summary %

Reinsurance Assumed......................... 14,109,000 Reinsurance Ceded................................................ Net Premiums Written.......................... 14,109,000 Net Premiums Earned.......................... 13,438,000 Net Claims & Adj Exp........................... 20,313,000 Commissions.......................................... 2,839,000 Taxes........................................................... 37,000 General Expenses..................................... 644,000 Undwrwtg. Profit/Loss....................... –10,395,000 Investment Income................................. 6,312,000

Growth Rate (NPW)................................... 20.02 % of Market (NPW)..................................... 0.03 Earned Loss Ratio................................... 151.16 Total Expense Ratio.................................. 26.19 Combined Loss & Exp. Ratio.................. 177.35 Return on Equity........................................-2.05

Underwriting Result

2013: –$10,395,000 2012: –$1,442,000 2011: +$7,958,000 2010: +$3,970,000 2009: –$13,608,000

133


MUNICH REINSURANCE CANADA GROUP MUNICH REINSURANCE COMPANY OF CANADA TEMPLE INSURANCE COMPANY

Class

Net Prems Net Prems Net Claims Claims Written Earned Incurred Ratio

Prop. - Personal...................... 43,377,000 49,625,000 30,398,000 61.26 Prop. - Commercial................. 105,685,000 97,265,000 98,399,000 101.17 Prop - Total ............................ 149,062,000 146,890,000 128,797,000 87.68 Aircraft..................................... 5,000 0.00 Auto. - Liability........................ 19,063,000 19,358,000 9,122,000 47.12 Auto. - Pers. Acc..................... 13,980,000 13,456,000 6,126,000 45.53 Auto. - Other............................ 8,594,000 9,205,000 7,134,000 77.50 Auto - Total ............................. 41,637,000 42,019,000 22,382,000 53.27 Boiler/Mach-excld................... 3,226,000 3,080,000 1,061,000 34.45 Fidelity..................................... 394,000 373,000 –131,000 –35.12 Hail.......................................... 16,000 16,000 –66,000 –412.50 Liability.................................... 107,159,000 110,506,000 49,212,000 44.53 Surety...................................... 7,822,000 6,357,000 2,102,000 33.07 Marine...................................... 206,000 206,000 106,000 51.46 Accident & Sickness................ –3,000 0.00 ——————— ——————— ——————— ————— Total 2013................................ 309,522,000 309,447,000 203,465,000 65.75 Total 2012................................ 301,255,000 297,546,000 184,478,000 62.00 Total 2011................................ 270,977,000 280,107,000 198,645,000 70.92 Total 2010................................ 291,363,000 295,934,000 182,634,000 61.71 Total 2009................................ 291,861,000 293,858,000 184,787,000 62.88

R-F

Kenneth B. Irvin, CGA, President & CEO 390 Bay St., 22nd Floor Toronto ON M5H 2Y2 416-366-9206 Fax:416-366-4330

2013 Direct Premiums Written: +175,217,000 Growth: 11.41% 2013 Underwriting Performance Summary %

Reinsurance Assumed....................... 207,790,000 Reinsurance Ceded.............................. 73,485,000 Net Premiums Written........................ 309,522,000 Net Premiums Earned........................ 309,447,000 Net Claims & Adj Exp......................... 203,465,000 Commissions........................................ 62,138,000 Taxes...................................................... 6,038,000 General Expenses................................ 26,536,000 Undwrwtg. Profit/Loss......................... 11,270,000 Investment Income............................... 56,760,000

Growth Rate (NPW)..................................... 2.74 % of Market (NPW)..................................... 0.71 Earned Loss Ratio..................................... 65.75 Total Expense Ratio.................................. 30.61 Combined Loss & Exp. Ratio.................... 96.36 Return on Equity....................................... 12.40

Underwriting Result

2013: +$11,270,000 2012: +$16,954,000 2010: +$8,849,000 2009: +$10,487,000

2011: –$11,738,000

MUNICH REINSURANCE COMPANY OF CANADA

R-C

416-366-9206 Fax:416-366-4330

Class

Net Prems Net Prems Net Claims Claims Written Earned Incurred Ratio

Prop. - Personal...................... 43,377,000 49,625,000 30,403,000 61.27 Prop. - Commercial................. 73,888,000 67,468,000 76,798,000 113.83 Prop - Total ............................ 117,265,000 117,093,000 107,201,000 91.55 Auto. - Liability........................ 19,033,000 19,328,000 9,742,000 50.40 Auto. - Pers. Acc..................... 13,980,000 13,456,000 6,126,000 45.53 Auto. - Other............................ 8,594,000 9,205,000 7,134,000 77.50 Auto - Total ............................. 41,607,000 41,989,000 23,002,000 54.78 Boiler/Mach-excld................... 3,216,000 3,057,000 941,000 30.78 Fidelity..................................... 394,000 373,000 –131,000 –35.12 Hail.......................................... 16,000 16,000 –66,000 –412.50 Liability.................................... 36,798,000 37,931,000 1,828,000 4.82 Surety...................................... 7,822,000 6,357,000 2,044,000 32.15 Marine...................................... 206,000 206,000 105,000 50.97 ——————— ——————— ——————— ————— Total 2013................................ 207,324,000 207,022,000 134,924,000 65.17 Total 2012................................ 201,140,000 198,321,000 123,711,000 62.38 Total 2011................................ 178,657,000 182,063,000 132,021,000 72.51 Total 2010................................ 187,697,000 189,988,000 123,422,000 64.96 Total 2009................................ 188,173,000 186,603,000 133,220,000 71.39

2013 Underwriting Performance Summary %

Reinsurance Assumed....................... 250,783,000 Reinsurance Ceded.............................. 43,459,000 Net Premiums Written........................ 207,324,000 Net Premiums Earned........................ 207,022,000 Net Claims & Adj Exp......................... 134,924,000 Commissions........................................ 46,077,000 Taxes......................................................... 276,000 General Expenses................................ 14,722,000 Undwrwtg. Profit/Loss......................... 11,023,000 Investment Income............................... 40,178,000

Growth Rate (NPW)..................................... 3.07 % of Market (NPW)..................................... 0.48 Earned Loss Ratio..................................... 65.17 Total Expense Ratio.................................. 29.50 Combined Loss & Exp. Ratio.................... 94.67 Return on Equity....................................... 14.34

Underwriting Result

2013: +$11,023,000 2012: +$15,627,000 2010: +$8,985,000 2009: –$1,116,000

2011: –$3,935,000

NIPPONKOA INSURANCE COMPANY LIMITED

R-F

George Petropoulos, Chief Agent 20 Queen St W Suite 300 PO Box 6 Toronto ON M5H 3R3 416-360-8183 Fax:416-360-8267 Class

Net Prems Net Prems Net Claims Claims Written Earned Incurred Ratio

Prop. - Commercial................. 518,000 505,000 –6,000 –1.19 Prop - Total ............................ 518,000 505,000 –6,000 –1.19 Auto. - Liability........................ 134,000 126,000 1,000 0.79 Auto. - Pers. Acc..................... 44,000 42,000 11,000 26.19 Auto. - Other............................ 93,000 89,000 10,000 11.24 Auto - Total ............................. 271,000 257,000 22,000 8.56 Liability.................................... 222,000 221,000 –89,000 –40.27 Marine...................................... 203,000 201,000 62,000 30.85 ——————— ——————— ——————— ————— Total 2013................................ 1,214,000 1,184,000 –11,000 –0.93 Total 2012................................ 1,066,000 1,109,000 20,000 1.80 Total 2011................................ 1,151,000 1,074,000 –104,000 –9.68 Total 2010................................ 1,015,000 1,027,000 242,000 23.56 Total 2009................................ 1,170,000 1,203,000 112,000 9.31

134

2013 Direct Premiums Written: +830,000 Growth: 9.50% 2013 Underwriting Performance Summary %

Reinsurance Assumed.............................. 389,000 Reinsurance Ceded....................................... 5,000 Net Premiums Written............................ 1,214,000 Net Premiums Earned............................ 1,184,000 Net Claims & Adj Exp................................ –11,000 Commissions............................................. 137,000 Taxes........................................................... 19,000 General Expenses..................................... 526,000 Undwrwtg. Profit/Loss.............................. 513,000 Investment Income.................................... 936,000

Growth Rate (NPW)................................... 13.88 % of Market (NPW)..................................... 0.00 Earned Loss Ratio..................................... –0.93 Total Expense Ratio.................................. 57.60 Combined Loss & Exp. Ratio.................... 56.67 Return on Equity......................................... 3.68

Underwriting Result

2013: +$513,000 2012: +$444,000 2011: +$500,000 2010: +$231,000 2009: +$417,000

canadianunderwriter.ca CANADIAN UNDERWRITER STATISTICAL ISSUE 2014


ODYSSEY REINSURANCE COMPANY

R-US

Debbie Irving, Senior Vice President & Chief Agent 55 University Ave., Suite 1600 Toronto ON M5J 2H7 416-862-0162 Fax:416-367-3248 www.odysseyre.com Class

Net Prems Net Prems Net Claims Claims Written Earned Incurred Ratio

Prop. - Personal...................... 25,970,000 22,972,000 8,323,000 36.23 Prop. - Commercial................. 22,661,000 21,245,000 48,111,000 226.46 Prop - Total ............................ 48,631,000 44,217,000 56,434,000 127.63 Aircraft..................................... 3,000 9,000 1,000 11.11 Auto. - Liability........................ 8,289,000 8,066,000 –1,465,000 –18.16 Auto. - Other............................ 4,654,000 4,608,000 1,631,000 35.39 Auto - Total ............................. 12,943,000 12,674,000 166,000 1.31 Boiler/Mach-excld................... 118,000 118,000 –42,000 –35.59 Fidelity..................................... 89,000 89,000 239,000 268.54 Hail.......................................... 3,605,000 3,605,000 920,000 25.52 Liability.................................... 14,476,000 14,664,000 13,654,000 93.11 Surety...................................... 3,595,000 3,616,000 9,631,000 266.34 Marine...................................... 188,000 264,000 Accident & Sickness................ 2,000 2,000 ——————— ——————— ——————— ————— Total 2013................................ 83,650,000 79,258,000 81,003,000 102.20 Total 2012................................ 83,937,000 84,783,000 70,582,000 83.25 Total 2011................................ 65,677,000 65,053,000 53,987,000 82.99 Total 2010................................ 62,137,000 60,615,000 39,544,000 65.24 Total 2009................................ 45,180,000 45,367,000 27,690,000 61.04

2013 Underwriting Performance Summary %

Reinsurance Assumed......................... 88,232,000 Reinsurance Ceded................................ 4,582,000 Net Premiums Written.......................... 83,650,000 Net Premiums Earned.......................... 79,258,000 Net Claims & Adj Exp........................... 81,003,000 Commissions........................................ 11,969,000 Taxes...................................................................... General Expenses.................................. 4,026,000 Undwrwtg. Profit/Loss....................... –17,740,000 Investment Income................................. 9,947,000

Growth Rate (NPW)................................... –0.34 % of Market (NPW)..................................... 0.19 Earned Loss Ratio................................... 102.20 Total Expense Ratio.................................. 20.18 Combined Loss & Exp. Ratio.................. 122.38 Return on Equity........................................-3.05

Underwriting Result

2013: –$17,740,000 2012: –$3,969,000 2011: +$9,947,000 2010: +$6,874,000 2009: +$5,634,000

PARTNER REINSURANCE COMPANY OF THE U.S. Patrick Li, Chief Agent Canadian Branch Canadian Branch 123 Front St W Suite 909 Toronto ON M5J 2M2 416-861-0033 Fax:416-861-0200 www.partnerre.com

Class

Net Prems Net Prems Net Claims Claims Written Earned Incurred Ratio

Prop. - Commercial................. 48,660,000 54,773,000 49,567,000 90.50 Prop - Total ............................ 48,660,000 54,773,000 49,567,000 90.50 Aircraft..................................... –920,000 0.00 Auto. - Liability........................ 14,261,000 13,950,000 –2,011,000 –14.42 Auto - Total ............................. 14,261,000 13,950,000 –2,011,000 –14.42 Hail.......................................... 9,358,000 9,358,000 1,012,000 10.81 Liability.................................... 12,727,000 13,027,000 1,543,000 11.84 Surety...................................... 5,116,000 4,755,000 8,133,000 171.04 Marine...................................... 87,000 16,000 3,000 18.75 Accident & Sickness................ 5,000 5,000 ——————— ——————— ——————— ————— Total 2013................................ 90,214,000 95,884,000 57,327,000 59.79 Total 2012................................ 107,478,000 108,391,000 50,883,000 46.94 Total 2011................................ 110,005,000 123,995,000 92,209,000 74.37 Total 2010................................ 102,301,000 106,899,000 86,762,000 81.16 Total 2009................................ 103,292,000 108,184,000 72,885,000 67.37

2013 Underwriting Performance Summary %

Reinsurance Assumed......................... 97,367,000 Reinsurance Ceded................................ 7,153,000 Net Premiums Written.......................... 90,214,000 Net Premiums Earned.......................... 95,884,000 Net Claims & Adj Exp........................... 57,327,000 Commissions........................................ 20,872,000 Taxes...................................................................... General Expenses................................ 11,823,000 Undwrwtg. Profit/Loss........................... 5,862,000 Investment Income................................. 7,950,000

Growth Rate (NPW)................................. –16.06 % of Market (NPW)..................................... 0.21 Earned Loss Ratio..................................... 59.79 Total Expense Ratio.................................. 34.10 Combined Loss & Exp. Ratio.................... 93.89 Return on Equity......................................... 4.34

Underwriting Result

2013: +$5,862,000 2012: +$22,961,000 2010: –$13,134,000 2009: –$540,000

PROMUTUEL REASSURANCE

2000 boulevard Lebourgneuf bureau 400 Quebec QC G2K 0B6 418-840-1313 Fax:418-840-9900 www.promutuel.ca liliane.breton@promutuel.ca

Class

Net Prems Net Prems Net Claims Claims Written Earned Incurred Ratio

Prop. - Personal...................... 52,254,000 49,999,000 36,274,000 72.55 Prop. - Commercial................. 52,481,000 49,749,000 33,180,000 66.69 Prop - Total ............................ 104,735,000 99,748,000 69,454,000 69.63 Auto. - Liability........................ 7,929,000 7,611,000 2,678,000 35.19 Auto. - Pers. Acc..................... 483,000 406,000 137,000 33.74 Auto. - Other............................ 14,392,000 14,162,000 5,551,000 39.20 Auto - Total ............................. 22,804,000 22,179,000 8,366,000 37.72 Liability.................................... 4,917,000 4,690,000 2,013,000 42.92 Surety...................................... 291,000 159,000 6,000 3.77 ——————— ——————— ——————— ————— Total 2013................................ 132,747,000 126,776,000 79,839,000 62.98 Total 2012................................ 126,102,000 118,973,000 80,811,000 67.92 Total 2011................................ 110,921,000 111,198,000 86,690,000 77.96 Total 2010................................ 114,108,000 111,274,000 58,218,000 52.32 Total 2009................................ 110,913,000 106,753,000 70,919,000 66.43

136

R-F

2011: –$3,030,000

R-C

2013 Direct Premiums Written: +526,000 Growth: –96.72% 2013 Underwriting Performance Summary %

Reinsurance Assumed....................... 160,704,000 Reinsurance Ceded.............................. 28,483,000 Net Premiums Written........................ 132,747,000 Net Premiums Earned........................ 126,776,000 Net Claims & Adj Exp........................... 79,839,000 Commissions........................................ 34,865,000 Taxes........................................................... 17,000 General Expenses................................ 15,464,000 Undwrwtg. Profit/Loss......................... –3,409,000 Investment Income................................. 8,794,000

Growth Rate (NPW)..................................... 5.27 % of Market (NPW)..................................... 0.31 Earned Loss Ratio..................................... 62.98 Total Expense Ratio.................................. 39.71 Combined Loss & Exp. Ratio.................. 102.69 Return on Equity....................................... 0.021

Underwriting Result

2013: –$3,409,000 2012: –$993,000 2011: –$7,092,000 2010: +$17,615,000 2009: +$4,480,000

canadianunderwriter.ca CANADIAN UNDERWRITER STATISTICAL ISSUE 2014


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SCOR CANADA REINSURANCE COMPANY

Henry Klecan Jr., President & C.E.O. 199 Bay St, Suite 2800 PO Box 329 Commerce Court Postal Station Toronto ON M5L 1G1 416-869-3670 Fax:416-365-9393

Class

Net Prems Net Prems Net Claims Claims Written Earned Incurred Ratio

Prop. - Personal...................... 11,518,000 11,982,000 16,729,000 139.62 Prop. - Commercial................. 97,023,000 95,622,000 43,935,000 45.95 Prop - Total ............................ 108,541,000 107,604,000 60,664,000 56.38 Auto. - Liability........................ 17,072,000 16,960,000 4,526,000 26.69 Auto. - Pers. Acc..................... 1,246,000 0.00 Auto. - Other............................ 2,302,000 2,252,000 –722,000 –32.06 Auto - Total ............................. 19,374,000 19,212,000 5,050,000 26.29 Boiler/Mach-excld................... 220,000 119,000 –16,000 –13.45 Fidelity..................................... 55,000 55,000 –9,000 –16.36 Hail.......................................... 59,000 124,000 –110,000 –88.71 Liability.................................... 27,487,000 27,051,000 34,248,000 126.61 Surety...................................... 4,394,000 4,427,000 7,891,000 178.25 Marine...................................... 223,000 149,000 616,000 413.42 ——————— ——————— ——————— ————— Total 2013................................ 160,353,000 158,741,000 108,334,000 68.25 Total 2012................................ 151,456,000 147,427,000 112,375,000 76.22 Total 2011................................ 157,280,000 162,190,000 148,127,000 91.33 Total 2010................................ 156,186,000 160,345,000 120,282,000 75.01 Total 2009................................ 148,508,000 146,012,000 106,704,000 73.08

R-C

2013 Underwriting Performance Summary %

Reinsurance Assumed....................... 198,184,000 Reinsurance Ceded.............................. 37,831,000 Net Premiums Written........................ 160,353,000 Net Premiums Earned........................ 158,741,000 Net Claims & Adj Exp......................... 108,334,000 Commissions........................................ 35,833,000 Taxes...................................................................... General Expenses................................ 10,920,000 Undwrwtg. Profit/Loss........................... 3,654,000 Investment Income............................... 13,476,000

Growth Rate (NPW)..................................... 5.87 % of Market (NPW)..................................... 0.37 Earned Loss Ratio..................................... 68.25 Total Expense Ratio.................................. 29.45 Combined Loss & Exp. Ratio.................... 97.70 Return on Equity......................................... 9.72

Underwriting Result

2013: +$3,654,000 2012: –$10,527,000 2011: –$30,116,000 2010: –$3,526,000 2009: –$1,673,000

SIRIUS AMERICA INSURANCE COMPANY

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 Class

Net Prems Net Prems Net Claims Claims Written Earned Incurred Ratio

Prop. - Personal...................... 7,364,000 7,255,000 2,164,000 29.83 Prop. - Commercial................. 5,614,000 5,588,000 2,190,000 39.19 Prop - Total ............................ 12,978,000 12,843,000 4,354,000 33.90 Auto. - Liability........................ 148,000 148,000 1,879,000 1,269.59 Auto. - Other............................ 2,155,000 2,131,000 1,331,000 62.46 Auto - Total ............................. 2,303,000 2,279,000 3,210,000 140.85 Hail.......................................... 556,000 519,000 49,000 9.44 Liability.................................... 88,000 91,000 346,000 380.22 Surety...................................... 69,000 0.00 ——————— ——————— ——————— ————— Total 2013................................ 15,925,000 15,732,000 8,028,000 51.03 Total 2012................................ 14,846,000 14,960,000 3,316,000 22.17 Total 2011................................ 15,526,000 16,725,000 12,401,000 74.15 Total 2010................................ 14,279,000 12,375,000 856,000 6.92 Total 2009................................ 6,748,000 6,987,000 1,071,000 15.33

2013 Underwriting Performance Summary %

Reinsurance Assumed......................... 17,062,000 Reinsurance Ceded................................ 1,137,000 Net Premiums Written.......................... 15,925,000 Net Premiums Earned.......................... 15,732,000 Net Claims & Adj Exp............................. 8,028,000 Commissions.......................................... 3,005,000 Taxes...................................................................... General Expenses.................................. 3,055,000 Undwrwtg. Profit/Loss........................... 1,644,000 Investment Income................................. 1,128,000

Growth Rate (NPW)..................................... 7.27 % of Market (NPW)..................................... 0.04 Earned Loss Ratio..................................... 51.03 Total Expense Ratio.................................. 38.52 Combined Loss & Exp. Ratio.................... 89.55 Return on Equity......................................... 4.65

Underwriting Result

2013: +$1,644,000 2012: +$6,390,000 2011: –$1,718,000 2010: +$6,808,000 2009: +$2,746,000

T.H.E. INSURANCE COMPANY

R-US

Steven Frye, Chief Agent 200 University Ave, 14th Floor Toronto ON M5H 3C6 www.theinsco.com sfrye@cwcagroup.com

Class

Net Prems Net Prems Net Claims Claims Written Earned Incurred Ratio

Prop. - Commercial................. 35,000 27,000 Prop - Total ............................ 35,000 27,000 0 0.00 Auto. - Liability........................ 29,000 12,000 26,000 216.67 Auto - Total ............................. 29,000 12,000 26,000 216.67 Liability.................................... 484,000 212,000 450,000 212.26 ——————— ——————— ——————— ————— Total 2013................................ 548,000 251,000 476,000 189.64 Total 2012................................ 160,000 109,000 79,000 72.48 Total 2011................................ 88,000 95,000 45,000 47.37 Total 2010................................ 88,000 54,000 –27,000 –50.00 Total 2009................................ 19,000 32,000 –43,000 –134.38

2013 Direct Premiums Written: +588,000 Growth: 234.09% 2013 Underwriting Performance Summary %

Reinsurance Assumed........................................... Reinsurance Ceded..................................... 40,000 Net Premiums Written............................... 548,000 Net Premiums Earned............................... 251,000 Net Claims & Adj Exp................................ 476,000 Commissions............................................... 71,000 Taxes........................................................... 20,000 General Expenses..................................... 242,000 Undwrwtg. Profit/Loss............................ –558,000 Investment Income...................................... 36,000

Growth Rate (NPW)................................. 242.50 % of Market (NPW)..................................... 0.00 Earned Loss Ratio................................... 189.64 Total Expense Ratio................................ 132.67 Combined Loss & Exp. Ratio.................. 322.31 Return on Equity..................................... –19.59

Underwriting Result

2013: –$558,000 2012: –$146,000 2011: –$116,000 2010: –$39,000 2009: –$68,000

(SWISS RE on Page 140…) 138

canadianunderwriter.ca CANADIAN UNDERWRITER STATISTICAL ISSUE 2014


HEALTHY PREMIUM GROWTH

3.7

billion euros

2003

2003-2013, A DECADE OF GROWTH

10.3

RAPID INCREASE IN SHAREHOLDERS’ EQUITY billion euros

0.6 2003

SCOR’S SUCCESS STORY TO CONTINUE WITH THE IMPLEMENTATION OF THE NEW “OPTIMAL

billion euros

x 2.7

2013

5.0

billion euros

+23%

2013

CAGR*

DYNAMICS” PLAN LAUNCHED IN 2013. SCOR has grown to become the fifth largest reinsurer in the world and is firmly established in the small group of Tier 1 global reinsurers. The Group has become stronger throughout the past few years, with rapid organic growth that has been supplemented by the successful integration of four companies. This development is thanks to the staunch support of its shareholders, the exemplary loyalty of its clients and the unfailing commitment of all its teams.

STRONG APPRECIATION OF MARKET CAP billion euros

1.1 2003

SOLID BALANCE SHEET

13.9

billion euros Today, SCOR offers a high level of security, with solvency standing at the top end of the target range. Its rating, which currently stands at A+, has been upgraded twice since 2009, and S&P recently moved its outlook to positive. The Group generates a high level of profitability, including a record level of net earnings in 2013. With its prudent underwriting and investment policy, SCOR has managed to absorb all the major natural and technological catastrophes, as well as the financial turmoil, that have marked the past ten years.

With our new three year strategic plan “Optimal Dynamics”, SCOR is devoting itself to remaining at the forefront of the global reinsurance industry, with innovative products and attentive customer service. Looking ahead, SCOR will continue its momentum, combining growth, profitability and solvency, in the interests of its clients and to the benefit of its shareholders.

Denis KESSLER Chairman & Chief Executive Officer

Access the latest SCOR financial information on your iPad

2003 SOLVENCY STRONGLY REINFORCED

5.0

billion euros

+16%

2013

CAGR*

34.2

billion euros

+9%

2013

CAGR*

A+

BBB+

Positive outlook 2013

S&P rating 2003**

10.3%

ROBUST ROE

Average over the past 10 years

1.5

ATTRACTIVE DIVIDEND POLICY

billion euros

Total dividends paid between 2003 and 2013

PRODUCTIVITY GAINS

3.1

million euros

Premium/employee

2003

4.5

million euros

+45%

2013

* Compounded Annual Growth Rate ** As at December 2003


SWISS REINSURANCE GROUP SWISS REINSURANCE COMPANY LTD WESTPORT INSURANCE CORPORATION

Class

Net Prems Net Prems Net Claims Claims Written Earned Incurred Ratio

Prop. - Personal...................... 4,721,000 4,540,000 8,768,000 193.13 Prop. - Commercial................. 105,866,000 101,170,000 58,320,000 57.65 Prop - Total ............................ 110,587,000 105,710,000 67,088,000 63.46 Aircraft..................................... 4,182,000 5,706,000 2,555,000 44.78 Auto. - Liability........................ 1,839,000 1,908,000 –1,028,000 –53.88 Auto. - Pers. Acc..................... 3,211,000 3,259,000 814,000 24.98 Auto. - Other............................ –2,232,000 –677,000 1,417,000 –209.31 Auto - Total ............................. 2,818,000 4,490,000 1,203,000 26.79 Boiler/Mach-excld................... –949,000 –1,095,000 3,443,000 –314.43 Credit....................................... 19,000 0.00 Fidelity..................................... 106,000 118,000 14,000 11.86 Hail.......................................... 3,994,000 3,772,000 2,602,000 68.98 Liability.................................... 21,704,000 23,812,000 –10,614,000 –44.57 Surety...................................... 3,241,000 3,407,000 6,144,000 180.33 Marine...................................... 1,385,000 1,273,000 554,000 43.52 Accident & Sickness................ 4,000 4,000 280,000 7,000.00 ——————— ——————— ——————— ————— Total 2013................................ 147,072,000 147,197,000 73,288,000 49.79 Total 2012................................ 142,567,000 139,475,000 36,503,000 26.17 Total 2011................................ 152,279,000 147,927,000 73,839,000 49.92 Total 2010................................ 152,062,000 154,843,000 53,699,000 34.68 Total 2009................................ 137,496,000 141,302,000 76,769,000 54.33

Sharon Ludlow, President & Chief Executive Officer 150 King St. W, Suite 2200 Toronto ON M5H 1J9 641-775-2347 Fax:416-408-4222 www.swissre.com/canada

2013 Direct Premiums Written: +173,042,000 Growth: –6.09% 2013 Underwriting Performance Summary %

Reinsurance Assumed....................... 524,328,000 Reinsurance Ceded............................ 550,298,000 Net Premiums Written........................ 147,072,000 Net Premiums Earned........................ 147,197,000 Net Claims & Adj Exp........................... 73,288,000 Commissions.......................................... 2,542,000 Taxes...................................................... 5,813,000 General Expenses................................ 35,957,000 Undwrwtg. Profit/Loss......................... 29,597,000 Investment Income............................... 12,027,000

Growth Rate (NPW)..................................... 3.16 % of Market (NPW)..................................... 0.34 Earned Loss Ratio..................................... 49.79 Total Expense Ratio.................................. 30.10 Combined Loss & Exp. Ratio.................... 79.89 Return on Equity......................................... 3.56

Underwriting Result

2013: +$29,597,000 2012: +$65,498,000 2010: +$59,746,000 2009: +$19,091,000

SWISS REINSURANCE COMPANY LTD

Sharon Ludlow, Chief Agent 150 King St. W, Suite 2200 Toronto ON M5H 1J9 647-775-2347 Fax:416-408-4222 www.swissre.com/canada

Class

Net Prems Net Prems Net Claims Claims Written Earned Incurred Ratio

Prop. - Personal...................... 4,721,000 4,540,000 8,768,000 193.13 Prop. - Commercial................. 84,272,000 76,245,000 36,080,000 47.32 Prop - Total ............................ 88,993,000 80,785,000 44,848,000 55.52 Aircraft..................................... –83,000 –83,000 190,000 –228.92 Auto. - Liability........................ 1,841,000 1,910,000 –965,000 –50.52 Auto. - Pers. Acc..................... 3,210,000 3,258,000 814,000 24.98 Auto. - Other............................ –2,233,000 –678,000 1,417,000 –209.00 Auto - Total ............................. 2,818,000 4,490,000 1,266,000 28.20 Boiler/Mach-excld................... 486,000 461,000 3,262,000 707.59 Credit....................................... 19,000 0.00 Fidelity..................................... 106,000 118,000 –46,000 –38.98 Hail.......................................... 3,994,000 3,772,000 2,602,000 68.98 Liability.................................... 9,155,000 8,945,000 –12,413,000 –138.77 Surety...................................... 3,562,000 3,979,000 7,238,000 181.91 Marine...................................... 1,434,000 1,322,000 690,000 52.19 Accident & Sickness................ 4,000 4,000 280,000 7,000.00 ——————— ——————— ——————— ————— Total 2013................................ 110,469,000 103,793,000 47,936,000 46.18 Total 2012................................ 81,114,000 86,518,000 8,009,000 9.26 Total 2011................................ 100,288,000 94,856,000 44,222,000 46.62 Total 2010................................ 99,114,000 99,846,000 33,091,000 33.14 Total 2009................................ 91,137,000 92,360,000 51,739,000 56.02

R-F

2011: +$36,861,000

R-F

2013 Underwriting Performance Summary %

Reinsurance Assumed....................... 520,804,000 Reinsurance Ceded............................ 410,335,000 Net Premiums Written........................ 110,469,000 Net Premiums Earned........................ 103,793,000 Net Claims & Adj Exp........................... 47,936,000 Commissions.......................................... 8,399,000 Taxes...................................................................... General Expenses................................ 24,281,000 Undwrwtg. Profit/Loss......................... 23,177,000 Investment Income................................. 8,876,000

Growth Rate (NPW)................................... 36.19 % of Market (NPW)..................................... 0.26 Earned Loss Ratio..................................... 46.18 Total Expense Ratio.................................. 31.49 Combined Loss & Exp. Ratio.................... 77.67 Return on Equity......................................... 3.97

Underwriting Result

2013: +$23,177,000 2012: +$51,938,000 2010: +$37,746,000 2009: +$9,543,000

WESTPORT INSURANCE CORPORATION

2011: +$21,933,000

R-US

Stephen J. Ritter, FCIP, CRM, Senior Vice President & Chief Agent In Canada 150 King St W, Suite 1000 Toronto ON M5H 1J9 647-777-5576 Fax:416-847-3698 Class

Net Prems Net Prems Net Claims Claims Written Earned Incurred Ratio

Prop. - Commercial................. 21,594,000 24,925,000 22,240,000 89.23 Prop - Total ............................ 21,594,000 24,925,000 22,240,000 89.23 Aircraft..................................... 4,265,000 5,789,000 2,365,000 40.85 Auto. - Liability........................ –2,000 –2,000 –63,000 3,150.00 Auto. - Pers. Acc..................... 1,000 1,000 Auto. - Other............................ 1,000 1,000 Auto - Total ............................. 0 0 –63,000 Boiler/Mach-excld................... –1,435,000 –1,556,000 181,000 –11.63 Fidelity..................................... 60,000 0.00 Liability.................................... 12,549,000 14,867,000 1,799,000 12.10 Surety...................................... –321,000 –572,000 –1,094,000 191.26 Marine...................................... –49,000 –49,000 –136,000 277.55 ——————— ——————— ——————— ————— Total 2013................................ 36,603,000 43,404,000 25,352,000 58.41 Total 2012................................ 61,453,000 52,957,000 28,494,000 53.81 Total 2011................................ 51,991,000 53,071,000 29,617,000 55.81 Total 2010................................ 52,948,000 54,997,000 20,608,000 37.47 Total 2009................................ 46,359,000 48,942,000 25,030,000 51.14

140

2013 Direct Premiums Written: +173,042,000 Growth: –6.09% 2013 Underwriting Performance Summary %

Reinsurance Assumed......................... 18,532,000 Reinsurance Ceded............................ 154,971,000 Net Premiums Written.......................... 36,603,000 Net Premiums Earned.......................... 43,404,000 Net Claims & Adj Exp........................... 25,352,000 Commissions.......................................... 5,857,000 Taxes...................................................... 5,813,000 General Expenses................................ 11,676,000 Undwrwtg. Profit/Loss........................... 6,420,000 Investment Income................................. 3,151,000

Underwriting Result

Growth Rate (NPW)................................. –40.44 % of Market (NPW)..................................... 0.08 Earned Loss Ratio..................................... 58.41 Total Expense Ratio.................................. 53.79 Combined Loss & Exp. Ratio.................. 112.20 Return on Equity......................................... 2.50

2013: +$6,420,000 2012: +$13,560,000 2010: +$22,000,000 2009: +$9,548,000

2011: +$14,928,000

canadianunderwriter.ca CANADIAN UNDERWRITER STATISTICAL ISSUE 2014


THE TOA REINSURANCE COMPANY OF AMERICA

R-F

Caroline Kane, Senior Vice-President & Chief Agent in Canada 200 King St West, Suite 1001 PO Box 41 Toronto ON M5H 3T4 416-366-5888 Fax:416-366-7444 www.toare.com Class

Net Prems Net Prems Net Claims Claims Written Earned Incurred Ratio

Prop. - Personal...................... 8,705,000 8,956,000 6,523,000 72.83 Prop. - Commercial................. 7,669,000 7,554,000 14,014,000 185.52 Prop - Total ............................ 16,374,000 16,510,000 20,537,000 124.39 Auto. - Liability........................ 11,831,000 11,855,000 7,068,000 59.62 Auto - Total ............................. 11,831,000 11,855,000 7,068,000 59.62 Fidelity..................................... 1,025,000 1,025,000 29,000 2.83 Hail.......................................... –1,000 0.00 Liability.................................... 14,693,000 14,944,000 9,278,000 62.09 Surety...................................... 15,000 15,000 8,000 53.33 Marine...................................... 18,000 7,000 4,000 57.14 ——————— ——————— ——————— ————— Total 2013................................ 43,956,000 44,356,000 36,923,000 83.24 Total 2012................................ 46,345,000 46,258,000 32,623,000 70.52 Total 2011................................ 39,341,000 39,278,000 30,112,000 76.66 Total 2010................................ 35,832,000 34,576,000 25,059,000 72.48 Total 2009................................ 37,156,000 35,944,000 26,253,000 73.04

2013 Underwriting Performance Summary %

Reinsurance Assumed......................... 60,331,000 Reinsurance Ceded.............................. 16,375,000 Net Premiums Written.......................... 43,956,000 Net Premiums Earned.......................... 44,356,000 Net Claims & Adj Exp........................... 36,923,000 Commissions.......................................... 7,043,000 Taxes...................................................................... General Expenses.................................. 3,389,000 Undwrwtg. Profit/Loss......................... –2,999,000 Investment Income................................. 6,532,000

Growth Rate (NPW)................................... –5.15 % of Market (NPW)..................................... 0.10 Earned Loss Ratio..................................... 83.24 Total Expense Ratio.................................. 23.52 Combined Loss & Exp. Ratio.................. 106.76 Return on Equity......................................... 3.47

Underwriting Result

2013: –$2,999,000 2012: +$3,131,000 2011: 2010: +$777,000 2009: +$262,000

TRANSATLANTIC REINSURANCE COMPANY

Cameron MacDonald, Chief Agent For Canada 145 Wellington St. W., 9th Floor Toronto ON M5J 1H8 416-649-5301 Fax:416-971-8782 http://www.transre.com cmacdonald@transre.com

Class

Net Prems Net Prems Net Claims Claims Written Earned Incurred Ratio

Prop. - Personal...................... 6,359,000 7,795,000 4,845,000 62.16 Prop. - Commercial................. 36,228,000 38,460,000 58,499,000 152.10 Prop - Total ............................ 42,587,000 46,255,000 63,344,000 136.95 Aircraft..................................... 257,000 283,000 53,000 18.73 Auto. - Liability........................ 11,737,000 11,567,000 1,509,000 13.05 Auto. - Other............................ 492,000 768,000 –254,000 –33.07 Auto - Total ............................. 12,229,000 12,335,000 1,255,000 10.17 Boiler/Mach-excld................... 286,000 302,000 –1,000 –0.33 Credit....................................... 1,009,000 1,005,000 –775,000 –77.11 Fidelity..................................... 413,000 353,000 –2,915,000 –825.78 Liability.................................... 17,174,000 17,307,000 6,936,000 40.08 Surety...................................... 10,802,000 10,970,000 5,618,000 51.21 Marine...................................... 237,000 237,000 74,000 31.22 Accident & Sickness................ 4,000 4,000 ——————— ——————— ——————— ————— Total 2013................................ 84,998,000 89,051,000 73,589,000 82.64 Total 2012................................ 103,318,000 109,661,000 90,751,000 82.76 Total 2011................................ 111,894,000 114,293,000 68,180,000 59.65 Total 2010................................ 118,055,000 119,891,000 82,592,000 68.89 Total 2009................................ 119,105,000 113,631,000 69,895,000 61.51

+$78,000

R-US

2013 Underwriting Performance Summary %

Reinsurance Assumed......................... 90,517,000 Reinsurance Ceded................................ 5,519,000 Net Premiums Written.......................... 84,998,000 Net Premiums Earned.......................... 89,051,000 Net Claims & Adj Exp........................... 73,589,000 Commissions........................................ 21,746,000 Taxes........................................................... 72,000 General Expenses.................................. 3,625,000 Undwrwtg. Profit/Loss......................... –9,981,000 Investment Income............................... 18,186,000

Growth Rate (NPW)................................. –17.73 % of Market (NPW)..................................... 0.20 Earned Loss Ratio..................................... 82.64 Total Expense Ratio.................................. 28.57 Combined Loss & Exp. Ratio.................. 111.21 Return on Equity......................................... 3.37

Underwriting Result

2013: –$9,981,000 2012: –$7,578,000 2010: +$10,003,000 2009: +$16,545,000

2011: +$17,538,000

XL REINSURANCE AMERICA, INC CANADIAN BRANCH Gordon F Goodman, Chief Agent

R-F

Scotia Plaza, 100 Yonge St., Suite 1702 Toronto ON M5C 2W1 416-598-1084 Fax:416-598-1980 www.xlre.com Class

Net Prems Net Prems Net Claims Claims Written Earned Incurred Ratio

Prop. - Commercial................. 32,277,000 33,246,000 32,459,000 97.63 Prop - Total ............................ 32,277,000 33,246,000 32,459,000 97.63 Aircraft..................................... 3,000 3,000 –25,000 –833.33 Auto. - Liability........................ 2,383,000 2,347,000 1,828,000 77.89 Auto - Total ............................. 2,383,000 2,347,000 1,828,000 77.89 Fidelity..................................... –24,000 0.00 Liability.................................... 32,630,000 29,447,000 6,012,000 20.42 Surety...................................... 6,000 6,000 614,000 10,233.33 Marine...................................... –82,000 –5,000 –25,000 500.00 ——————— ——————— ——————— ————— Total 2013................................ 67,217,000 65,044,000 40,839,000 62.79 Total 2012................................ 61,102,000 59,299,000 29,412,000 49.60 Total 2011................................ 56,657,000 63,383,000 36,784,000 58.03 Total 2010................................ 67,687,000 71,321,000 32,618,000 45.73 Total 2009................................ 72,641,000 85,592,000 60,338,000 70.49

CANADIAN UNDERWRITER STATISTICAL ISSUE 2014

2013 Direct Premiums Written: +25,123,000 Growth: 10.26% 2013 Underwriting Performance Summary %

Reinsurance Assumed......................... 42,792,000 Reinsurance Ceded................................... 698,000 Net Premiums Written.......................... 67,217,000 Net Premiums Earned.......................... 65,044,000 Net Claims & Adj Exp........................... 40,839,000 Commissions........................................ 17,041,000 Taxes......................................................... 837,000 General Expenses.................................. 9,031,000 Undwrwtg. Profit/Loss......................... –2,688,000 Investment Income................................. 8,786,000

Growth Rate (NPW)................................... 10.01 % of Market (NPW)..................................... 0.16 Earned Loss Ratio..................................... 62.79 Total Expense Ratio.................................. 41.37 Combined Loss & Exp. Ratio.................. 104.16 Return on Equity......................................... 3.29

Underwriting Result

2013: –$2,688,000 2012: +$8,906,000 2011: +$1,455,000 2010: +$11,318,000 2009: –$5,497,000

141


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2013 LIFE INSURANCE IN CANADA Aetna Life Insurance Company

Life 2

Colleen Sexsmith, Chief Agent 1145 Nicholson Rd, Unit 2 Newmarket ON L3Y 9C3 905-853-0858 Fax 905-853-0183

Life 2

Key Metrics (Canada) Total Assets............................................................................................ 126,719,000 Total Liabilities.......................................................................................... 93,112,000 Head Office Account................................................................................ 25,378,000 Total Premium Income............................................................................... 2,854,000 Net Income............................................................................................... 12,731,000 Non-Participating In Canada Business Individual Life Premiums Written................................................................ 2,369,000 Group Life Premiums Written.......................................................................... 43,000 Group A&S Premiums Written....................................................................... 442,000

The Empire Life Insurance Company

Henryka Anderson, Chief Agent 355 Wellington St London ON N6A 3N7 519-680-4738 Fax 866-897-8985

259 King St E Kingston ON K7L 3A8 Toll-Free 877-548-1881 Fax 613-548-3854 www.empire.ca

Key Metrics (Canada) Total Assets.............................................................................................. 33,826,000 Total Liabilities.......................................................................................... 15,524,000 Head Office Account................................................................................ 17,425,000 Total Premium Income............................................................................. 14,727,000 Net Income................................................................................................. 7,006,000 Non-Participating In Canada Business Individual Life Premiums Written..................................................................... 35,000 Group Life Premiums Written................................................................... 14,692,000

Key Metrics Total Consolidated Assets................................................................ 11,803,586,000 Total Consolidated Liabilities............................................................ 10,847,488,000 Total PH and Shareholder Equity (inc. non-controlling interests).......... 956,098,000 Total Consolidated Premium Income..................................................... 821,544,000 Net Income............................................................................................. 111,347,000 Non-Participating In Canada Business (Consolidated) Individual Life Premiums Written............................................................ 289,054,000 Group Life Premiums Written................................................................... 29,592,000 Individual Annuity Premiums Written..................................................... 155,197,000 Group Annuity Premiums Written............................................................... 4,087,000 Individual A&S Premiums Written............................................................. 19,494,000 Group A&S Premiums Written................................................................ 276,991,000

Canassurance Insurance Company Life 1 Claude Boivin, CPA, CA, President and CEO 550 rue Sherbrooke ouest Montreal QC H3A 3S3 514-286-8400 Fax 514-286-8475 www.qc.croixbleue.ca www.qc.bluecross.ca

The Equitable Life Insurance Company of Canada

M. Eman Hassan, President & CEO 55 Town Centre Court, Suite 606 Scarborough ON M1P 4X4 416-290-6666 Fax 416-290-0726 Key Metrics (Canada) Total Consolidated Assets....................................................................... 63,343,000 Total Consolidated Liabilities................................................................... 28,318,000 Total PH and Shareholder Equity (inc. non-controlling interests)............ 35,025,000 Total Consolidated Premium Income....................................................... 53,187,000 Net Income............................................................................................... 11,693,000

CANADIAN UNDERWRITER STATISTICAL ISSUE 2014

Life 1

Life 1

One Westmount Rd N PO Box 1603 Stn Waterloo Waterloo ON N2J 4C7 519-886-5210; Toll-Free 800-722-6615 www.equitable.ca

Key Metrics (Canada) Total Consolidated Assets..................................................................... 181,433,000 Total Consolidated Liabilities................................................................. 157,563,000 Total PH and Shareholder Equity (inc. non-controlling interests)............ 23,870,000 Total Consolidated Premium Income....................................................... 21,709,000 Net Income................................................................................................–2,685,000 Non-Participating In Canada Business (Consolidated) Individual Life Premiums Written................................................................ 1,612,000 Group Life Premiums Written....................................................................... -304,000 Individual A&S Premiums Written............................................................. 20,374,000 Group A&S Premiums Written......................................................................... 27,000

Cigna Life Insurance Company of Canada

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.............................................................................................. 66,047,000 Total Liabilities.......................................................................................... 12,788,000 Head Office Account................................................................................ 50,565,000 Total Premium Income............................................................................... 1,818,000 Net Income................................................................................................. 2,724,000 Non-Participating In Canada Business Individual Life Premiums Written..................................................................... 28,000 Group Life Premiums Written........................................................................ 168,000 Group A&S Premiums Written.................................................................... 1,622,000

American Health and Life Insurance Company

Connecticut General Life Insurance Company

Life 1

Key Metrics Total Consolidated Assets.................................................................. 3,036,248,000 Total Consolidated Liabilities.............................................................. 2,639,714,000 Total PH and Shareholder Equity (inc. non-controlling interests).......... 396,534,000 Total Consolidated Premium Income..................................................... 476,312,000 Net Income............................................................................................... 58,550,000 Non-Participating In Canada Business (Consolidated) Individual Life Premiums Written.............................................................. 50,906,000 Group Life Premiums Written................................................................... 25,393,000 Individual Annuity Premiums Written....................................................... 42,928,000 Group Annuity Premiums Written............................................................... 2,123,000 Individual A&S Premiums Written............................................................... 8,464,000 Group A&S Premiums Written................................................................ 207,321,000

Faithlife Financial

Life 1

470 Weber St N Waterloo ON N2J 4G4 519-886-4610 Fax 519-886-0350 www.faithlifefinancial.ca Key Metrics (Canada) Total Consolidated Assets..................................................................... 451,976,000 Total Consolidated Liabilities................................................................. 412,984,000 Total PH and Shareholder Equity (inc. non-controlling interests)............ 38,992,000 Total Consolidated Premium Income....................................................... 23,785,000 Net Income.................................................................................................... 283,000

143


General American Life Insurance Company

Life 2

Key Metrics Total Consolidated Assets....................................................................... 55,428,000 Total Consolidated Liabilities................................................................... 22,791,000 Total PH and Shareholder Equity (inc. non-controlling interests)............ 32,637,000 Total Consolidated Premium Income....................................................... 41,251,000 Net Income................................................................................................. 1,475,000 Non-Participating In Canada Business (Consolidated) Individual Life Premiums Written...............................................................–2,279,000 Group Life Premiums Written........................................................................ 588,000 Individual A&S Premiums Written............................................................. 39,172,000 Group A&S Premiums Written.................................................................... 3,770,000

Key Metrics (Canada) Total Assets......................................................................................... 1,929,332,000 Total Liabilities........................................................................................ 948,159,000 Head Office Account.............................................................................. 981,173,000 Total Premium Income........................................................................... 237,276,000 Net Income............................................................................................... 30,082,000 Non-Participating In Canada Business Individual Life Premiums Written............................................................ 237,276,000

Life 2

Colleen Sexsmith, Chief Agent 1145 Nicholson Rd, Unit 2 Newmarket ON L3Y 9C3 905-853-0858 Fax 905-853-0183

Life 2

Key Metrics (Canada) Total Assets................................................................................................ 9,964,000 Total Liabilities............................................................................................ 4,165,000 Head Office Account.................................................................................. 5,701,000 Total Premium Income...................................................................................... 2,000 Net Income.................................................................................................... 186,000 Non-Participating In Canada Business Individual Life Premiums Written....................................................................... 2,000

Life 2

RGA Life Reinsurance Company of Canada

Key Metrics Total Consolidated Assets.................................................................. 6,005,186,000 Total Consolidated Liabilities.............................................................. 5,190,327,000 Total PH and Shareholder Equity (inc. non-controlling interests).......... 814,859,000 Total Consolidated Premium Income..................................................... 184,734,000 Net Income............................................................................................... 92,082,000 Non-Participating In Canada Business (Consolidated) Individual Life Premiums Written.............................................................. 36,226,000 Group Life Premiums Written................................................................... 37,841,000 Individual Annuity Premiums Written.............................................................. 43,000 Group Annuity Premiums Written............................................................. 24,015,000 Individual A&S Premiums Written............................................................. 10,823,000 Group A&S Premiums Written.................................................................. 75,786,000

Life 2

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.............................................................................................. 56,620,000 Total Liabilities.......................................................................................... 26,103,000 Head Office Account................................................................................ 28,458,000 Total Premium Income............................................................................... 4,738,000 Net Income................................................................................................. 1,083,000 Non-Participating In Canada Business Group Life Premiums Written..................................................................... 2,622,000 Group A&S Premiums Written.................................................................... 2,116,000

Life 1

Key Metrics (Canada) Total Assets............................................................................................ 488,378,000 Total Liabilities........................................................................................ 274,392,000 Head Office Account.............................................................................. 206,013,000 Total Premium Income............................................................................. 98,360,000 Net Income............................................................................................... 51,563,000 Non-Participating In Canada Business Individual Life Premiums Written.............................................................. 54,906,000 Group Life Premiums Written..................................................................... 2,949,000 Individual A&S Premiums Written............................................................. 27,660,000 Group A&S Premiums Written.................................................................. 12,845,000

2000 Argentia Rd Suite 300 Plaza 5 Mississauga ON L5N 2R7 905-812-2900 Fax 905-813-5316

SSQ Life Insurance Company Inc

Key Metrics Total Consolidated Assets.................................................................. 2,810,407,000 Total Consolidated Liabilities.............................................................. 2,508,609,000 Total PH and Shareholder Equity (inc. non-controlling interests).......... 301,798,000 Total Consolidated Premium Income....................................................... 92,269,000 Net Income............................................................................................... 79,961,000 Non-Participating In Canada Business (Consolidated) Individual Life Premiums Written............................................................. 92,237,000 Individual Annuity Premiums Written................................................................ 6,000 Individual A&S Premiums Written.................................................................... 26,000

Key Metrics Total Consolidated Assets................................................................ 10,324,762,000 Total Consolidated Liabilities.............................................................. 9,737,861,000 Total PH and Shareholder Equity (inc. non-controlling interests).......... 586,901,000 Total Consolidated Premium Income.................................................. 1,646,221,000 Net Income............................................................................................... 47,592,000 Non-Participating In Canada Business (Consolidated) Individual Life Premiums Written.............................................................. 55,345,000 Group Life Premiums Written................................................................. 180,173,000 Individual Annuity Premiums Written....................................................... 49,192,000 Group Annuity Premiums Written............................................................. 10,841,000 Individual A&S Premiums Written............................................................. 20,875,000 Group A&S Premiums Written............................................................. 1,127,282,000

144

Life 1

Alain Neemeh, President & CEO 1981 McGill College, Suite 1300 Montreal QC H3A 3A8 514-985-5260; Fax 514-985-3066

Scor Global Life

M. Eman Hassan, President & CEO 55 Town Centre Court, Suite 606 Scarborough ON M1P 4X4 416-290-6666 Fax 416-290-0726

Primerica Life Insurance Company of Canada

Life 2

Key Metrics (Canada) Total Assets.............................................................................................. 46,157,000 Total Liabilities.......................................................................................... 14,460,000 Head Office Account................................................................................ 30,247,000 Total Premium Income.................................................................................... 33,000 Net Income................................................................................................. 4,688,000 Non-Participating In Canada Business Group A&S Premiums Written......................................................................... 33,000

Colleen Sexsmith, Chief Agent 1145 Nicholson Rd, Unit 2 Newmarket ON L3Y 9C3 905-853-0858 Fax 905-853-0183

Life Insurance Company of North America

ReliaStar Life Insurance Company 201-3650 Victoria Park Ave Toronto ON M2H 3P7

Key Metrics (Canada) Total Assets.............................................................................................. 35,900,000 Total Liabilities.......................................................................................... 22,276,000 Head Office Account................................................................................ 13,222,000 Total Premium Income............................................................................... 3,018,000 Net Income.................................................................................................... 291,000 Non-Participating In Canada Business Individual Life Premiums Written................................................................ 3,018,000

Hartford Life Insurance Company

Life 1

Paul M. Field, CEO Box 557, 100 King St W Hamilton ON L8N 3K9 905-523-5587; Fax 905-528-4685

Andre St-Amour, Chief Agent 1981 McGill College Ave, Suite 1300 Montreal QC H3A 3A8 514-985-5260 Fax 514-985-3066

Gerber Life Insurance Company

Reliable Life Insurance Company

Life 1

2525 Laurier Blvd Box 10500 Quebec City QC G1V 4H6

canadianunderwriter.ca CANADIAN UNDERWRITER STATISTICAL ISSUE 2014


State Farm International Life Insurance Company Ltd.

Life 2

Barbara Bellissimo, Senior Vice-President 333 First Commerce Dr Aurora ON L4G 8A4 905-750-4620; Fax 905-750-4970

Dean A Connor, President and Chief Executive Officer 150 King St W Toronto ON M5H 1J9 416-979-9966 Fax 416-585-9546 Key Metrics Total Consolidated Assets.............................................................. 191,925,931,000 Total Consolidated Liabilities.......................................................... 179,029,494,000 Total PH and Shareholder Equity (inc. non-controlling interests)..... 12,896,437,000 Total Consolidated Premium Income.................................................. 6,033,527,000 Net Income.......................................................................................... 1,274,284,000 Non-Participating In Canada Business (Consolidated) Individual Life Premiums Written............................................................ 935,983,000 Individual Annuity Premiums Written..................................................... 844,501,000 Group Annuity Premiums Written........................................................ 1,310,125,000 Individual A&S Premiums Written........................................................... 242,703,000 Group A&S Premiums Written....................................................................... 501,000

CANADIAN UNDERWRITER STATISTICAL ISSUE 2014

Life 1

Jacques Desbiens, F.S.A. F.I.C.A., C.E.O. 142, rue Heriot Drummondville QC J2C 1J8 819-478-1315 Fax 819-474-1990 lpellerin@uvmutuelle.ca

Key Metrics (Canada) Total Assets......................................................................................... 1,485,357,000 Total Liabilities..................................................................................... 1,171,119,000 Head Office Account.............................................................................. 300,621,000 Total Premium Income........................................................................... 137,423,000 Net Income............................................................................................... 52,243,000

Sun Life Assurance Company of Canada

L’Union-Vie, compagnie mutuelle d’assurance

Life 1

Key Metrics Total Consolidated Assets.................................................................. 1,649,823,000 Total Consolidated Liabilities.............................................................. 1,458,035,000 Total PH and Shareholder Equity (inc. non-controlling interests).......... 191,788,000 Total Consolidated Premium Income`.................................................... 106,149,000 Net Income............................................................................................... 17,057,000 Non-Participating In Canada Business (Consolidated) Individual Life Premiums Written.............................................................. 34,247,000 Group Life Premiums Written..................................................................... 3,324,000 Individual Annuity Premiums Written....................................................... 21,378,000 Individual A&S Premiums Written............................................................... 1,994,000 Group A&S Premiums Written.................................................................. 37,119,000

The Wawanesa Life Insurance Company

Life 1

K. McCrea, President & CEO 400-200 Main St Winnipeg MB R3C 1A8 204-985-3940; Fax 204-985-3872 www.wawanesalife.com Key Metrics Total Consolidated Assets..................................................................... 924,897,000 Total Consolidated Liabilities................................................................. 792,312,000 Total PH and Shareholder Equity (inc. non-controlling interests).......... 132,585,000 Total Consolidated Premium Income..................................................... 109,522,000 Net Income................................................................................................. 5,080,000 Non-Participating In Canada Business (Consolidated) Individual Life Premiums Written.............................................................. 26,215,000 Group Life Premiums Written..................................................................... 4,494,000 Individual Annuity Premiums Written....................................................... 29,192,000 Group A&S Premiums Written.................................................................. 27,799,000

145


2013 PROVINCIAL GOVERNMENT INSURERS INSURANCE CORPORATION G-C Mark Blucher, President & Chief Executive Officer OF BRITISH COLUMBIA 151 West Esplanade Ave North Vancouver BC V7M 3H9 604-661-2800 Fax:604-982-4733 www.icbc.com lindaj.mcdonal@icbc.com

Class

Net Prems Net Prems Net Claims Claims Written Earned Incurred Ratio

Auto. - Liability........................ 2,521,223,000 2,478,702,000 2,403,962,000 96.98 Auto. - Pers. Acc..................... 181,849,000 179,332,000 158,536,000 88.40 Auto. - Other............................ 1,338,123,000 1,316,560,000 872,162,000 66.25 Auto - Total ............................. 4,041,195,000 3,974,594,000 3,434,660,000 86.42 ——————— ——————— ——————— ————— Total 2013................................ 4,041,195,000 3,974,594,000 3,434,660,000 86.42 Total 2012................................ 3,910,077,000 3,811,387,000 3,266,615,000 85.71 Total 2011................................ 3,692,836,000 3,673,211,000 3,186,563,000 86.75 Total 2010................................ 3,679,367,000 3,667,324,000 3,074,228,000 83.83 Total 2009................................ 3,667,145,000 3,650,025,000 2,970,125,000 81.37

2013 Direct Premiums Written: +4,050,415,000 Growth: 3.35% 2013 Underwriting Performance Summary %

Reinsurance Assumed........................................... Reinsurance Ceded................................ 9,220,000 Net Premiums Written..................... 4,041,195,000 Net Premiums Earned..................... 3,974,594,000 Net Claims & Adj Exp...................... 3,434,660,000 Commissions...................................... 311,162,000 Taxes.................................................. 178,414,000 General Expenses.............................. 192,979,000 Undwrwtg. Profit/Loss..................... –183,993,000 Investment Income............................. 670,931,000

Underwriting Result

2013: –$183,993,000 2010: –$36,464,000

Growth Rate (NPW)..................................... 3.35 % of Market (NPW)..................................... 9.36 Earned Loss Ratio..................................... 86.42 Total Expense Ratio.................................. 17.17 Combined Loss & Exp. Ratio.................. 103.59 Return on Equity....................................... 10.69

2012: –$77,305,000 2009: +$134,725,000

SASKATCHEWAN AUTO FUND

2011: –$188,647,000

G-C

Andrew Cartmell, President 2260 11th Avenue Regina SK S4P 0J9 306-751-1200 Fax:306-565-8666 www.sgi.sk.ca

Class

Net Prems Net Prems Net Claims Claims Written Earned Incurred Ratio

Auto. - Liability........................ 18,010,000 11,356,000 17,816,000 156.89 Auto. - Pers. Acc..................... 380,571,000 399,630,000 235,620,000 58.96 Auto. - Other............................ 425,932,000 395,978,000 485,667,000 122.65 Auto - Total ............................. 824,513,000 806,964,000 739,103,000 91.59 ——————— ——————— ——————— ————— Total 2013................................ 824,513,000 806,964,000 739,103,000 91.59 Total 2012................................ 781,167,000 767,226,000 740,528,000 96.52 Total 2011................................ 744,743,000 726,282,000 806,924,000 111.10 Total 2010................................ 708,350,000 684,821,000 604,418,000 88.26 Total 2009................................ 651,419,000 630,559,000 593,901,000 94.19

2013 Direct Premiums Written: +831,731,000 Growth: 5.86% 2013 Underwriting Performance Summary %

Reinsurance Assumed........................................... Reinsurance Ceded................................ 7,218,000 Net Premiums Written........................ 824,513,000 Net Premiums Earned........................ 806,964,000 Net Claims & Adj Exp......................... 739,103,000 Commissions........................................ 42,629,000 Taxes.................................................... 40,664,000 General Expenses................................ 77,766,000 Undwrwtg. Profit/Loss....................... –93,197,000 Investment Income............................... 86,713,000

Underwriting Result

Growth Rate (NPW)..................................... 5.55 % of Market (NPW)..................................... 1.91 Earned Loss Ratio..................................... 91.59 Total Expense Ratio.................................. 19.96 Combined Loss & Exp. Ratio.................. 111.55 Return on Equity....................................... 21.77

2013: –$93,197,000 2012: –$123,824,000 2010: –$58,109,000 2009: –$90,088,000

146

2011: –$228,680,000

canadianunderwriter.ca CANADIAN UNDERWRITER STATISTICAL ISSUE 2014


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Canadian Underwriter STAT issue 2014  

Canada’s Insurance and Risk Magazine. Since 1934 Canadian Underwriter, Canada’s leading insurance journal, has provided insurance profession...

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