Canadian Insurance Top Broker, 2017

INSURANCE companies INSURANCE companies Alphabetical Index of Companies and Company Groups in Canada A ACE INA Insurance 107 Affiliated FM Insurance Company 107 AIG Insurance Company of Canada 108 Alberta Motor Assoc Insurance Company 108 Allianz Global Risks US Insurance Company 109 Allstate Insurance Company of Canada 109 American Agricultural Insurance Company 109 American Bankers Insurance Co of Florida 109 American Road Insurance Company 110 Antigonish Farmers Mutual Insurance Company 110 Arch Insurance Canada Ltd 110 Aspen Insurance UK Limited 111 Associated Electric Gas Insurance Services Ltd 111 AssurePro Insurance Company 112 Atradius Credit Insurance N V 112 Aviva Canada Inc Consolidated 112 AXIS Reinsurance Company 113 B Berkley Insurance Company 113 Boiler Inspection and Insurance Company of Canada 114 C CAA Insurance Company 114 Caisse Centrale de Réassurance 115 Canada Guaranty Mortgage Insurance Company 115 Canadian Direct Insurance Inc 116 Chicago Title Insurance Company 117 Chubb Insurance Company of Canada 117 Clare Mutual Insurance Company 118 Co operative Hail Insurance Company Limited 118 Co operators General Insurance Company 118 Coachman Insurance Company 119 Continental Casualty Company 119 CUMIS General Insurance Company 120 D DAS Legal Protection Insurance Company Limited 120 Desjardins General Insurance Group 121 Dominion of Canada General Insurance Company 121 E Ecclesiastical Insurance Office plc 122 Echelon Insurance Company 122 Economical Insurance Consolidated 123 INDEX TO COMPANIES EXHIBIT Electric Insurance Company 124 Euler Hermes North America Insurance Company 125 Everest Reinsurance Company 125 F FM Global Factory Mutual Insurance Company 126 Farm Mutual Reinsurance Plan Inc 126 Federal Insurance Company 126 FCT Insurance Company Ltd 127 First North American Insurance Company 127 Fundy Mutual Insurance Company 127 G General Reinsurance Corporation 128 Genworth Financial Mortgage Insurance Company Canada 128 Gore Mutual Insurance 129 Great American Insurance Company 129 Groupe Estrie Richelieu Compagnie dAssurance 129 Guarantee Company of North America 130 H Hartford Fire Insurance Company 130 Heartland Farm Mutual Inc 131 I Industrielle Alliance assurance auto et habitation Inc 131 Insurance Company of Prince Edward Island 132 Insurance Corporation of British Columbia 132 Intact Financial Corporation 133 J Jewelers Mutual Insurance Company 134 K Kings Mutual Insurance Company 134 L La Capitale Assurances Generales Inc 135 Lawyers Professional Indemnity Company LAWPRO 135 Legacy General Insurance Company 135 Liberty Mutual Insurance Company 136 Lloyds 136 CANADIAN BUSINES FIGURES Assets include Investments Receivables and Recoverables from Reinsurers on a gross basis Liabilities include reinsurance balances by showing Unpaid Claims Unearned Premiums and Unearned Commissions on a gross basis Equity includes CAPITAL employed in Canada if any and Reserves over and above Liabilities in Canada Direct Premiums Written is the amount of business obtained on a Direct basis Reinsurance Assumed is the amount of premiums accepted from ceding insurers Net Premiums Written is the amount retained from Direct business and Reinsurance Assumed net of Reinsurance ceded Net Premiums Earned in these exhibits is computed on the 100 reserve basis i e using 100 of unearned premium reserves and other policy reserves Net Claims Incurred is Net Claims paid for current year along with the change in provision for Net Unpaid Claims on a discounted basis includes Adjusting Costs Underwriting Income is the earned premiums less the incurred claims and expenses incurred from underwriting A minus figure indicates an underwriting loss Investment Income represents Interest Dividends and Rents earned and realized gain or loss on disposal of investments Underwriting Cost Index is a comparison of Underwriting Income to the Total Underwriting Revenue expressed as a ratio NPW Equity is a ratio of Net Premiums Written divided by the Total Equity for the Company at year end The NL E Ratio is based on the Net Underwriting Leverage ratio arrived at by dividing the sum of Net Premiums Written Net Unearned Premiums and Net Loss Reserves by Total Equity at year end NL E Rating Without prejudice Insurers and Reinsurers in this section have been allocated a rating from AAAA to C based on their statements of Canadian Business reported to the publishers It is based on the most recent Net Leverage to Equity Ratio and no rating is allocated unless two years of Business in Canada is reported Rating Ratio AAAA Less than 30000 AAA 30000 to 49999 AA 50000 to 69999 A 70000 to 89999 B 90000 to 99999 C 100000 or over These ratings are not intended as endorsements of any particular operation but as simplified illustrations of the statistical information inherent in their reports CAPITAL figures unless otherwise noted are as of June 30 2016 While all information contained has been carefully checked the Publishers do not accept any responsibility for possible error misprint or misinterpretation of the data provided SuMMARY OF CANADIAN BUSINES 2013 2014 2015 000 000 000 Assets 158395167 165161831 170224354 Liabilities 112220970 114604532 119048038 Equity 46181981 50554634 51176316 Direct Premiums 49814882 51725006 53828758 Reinsurance Assumed 4010860 3852404 4152082 Net Premiums Written 47194805 48897846 49381498 Net Premiums Earned 46399125 47895313 48805203 Net Claims Incurred 31646777 31820013 30847390 Underwriting Income 605163 1414151 2702734 Investment Income 3442266 4549724 3950583 Claim Ratio 6821 6644 6321 Expense Ratio 3085 3116 3190 Underwriting Cost Index 9870 9706 9450 NPW Equity 10219 9672 9649 Net Leverage Equity 28582 27778 27913 Note Insurance Corporation of BC Manitoba Public Insurance and Saskatchewan Auto not included Acknowledgements The Statistical staff wish to extend their thanks to all the company executives and staff who have co operated so courteously in reviewing and updating the information contained in this section of the Directory 2017 National Insurance Directory 105