Net Investment Income. YoY. YoY %Chng

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2 msaresearch.com Summarized Year-End 2012 Canadian P&C Results Dollar amounts in thousands of Canadian Dollars. P&C-1 (Canadian) results are consolidated while P&C-2 (branch results) represent Canadian branch operations only. Released March 18, (Totals Adjusted March 22, ) For extremely detailed year-end 2012 financial data on these companies please refer to the MSA Researcher P&C Software Platform by logging in at MSA Code Company Group Direct Claims UW Income Investment Income Income Comprehensive Income PCC047 ACE INA Ins 328,904 11% 220,896 5% 172,828 14% -17, % 29,915 2% 3,034-87% 2,537-93% 81% 73% 108.1% 99.9% PCB224 AEGIS 35,302 15% 16,821-28% 9, % 5,541-56% 1,887 39% 5,044-69% 4,326-74% 49% 17% 71.7% 35.2% PCP061 Alberta Motor Association 272,043 5% 260,653 4% 193,842 1% , % 14,772 93% 14,772 93% 76% 78% 100.0% 100.3% PCB075 Alea (Bermuda) Ltd % ,041 25% % % 593% % % PCP095 Algoma Mutual Ins Co 11,107-9% 7,210 1% 5,068 31% % % 15-95% 15-95% 66% 53% 105.1% 98.5% PCB176 Allianz Global Risks US 269,191 4% 174,385 4% 150,673 9% -13,920 15,002 22% 1,174-3, % 85% 85% 107.8% 107.5% PCB016 Allstate Ins Co % % 1,161 1,151 PCC003 Allstate Ins Co of Can Allstate 1,054,584 10% 1,041,006 11% 621,399 2% 112, % 77,921 13% 141,069 83% 127, % 63% 69% 88.6% 95.9% PCC111 Pafco Insurance Co. Allstate 100,628 0% 99,033 0% 44,552-13% 31, % 10,126 16% 30,181 80% 30,584 74% 45% 58% 69.0% 83.8% PCC065 Pembridge Ins. Co. Allstate 181,429 15% 179,190 16% 105,341 3% 10,056 22, % 24, % 22, % 63% 70% 94.0% 100.7% PCB013 American Ag Ins Co 0 10,996 27% 5,359-48% 3,257 1,500-6% 4,781 4,000 50% 113% 69.8% 132.3% PCB018 American Bankers of FLA 434,108-1% 149,741 10% 31,131 84% 1,590-78% 9,484-35% 8,212-53% 8,212-53% 28% 18% 98.6% 92.4% PCB023 American Road Ins. Co. 6,697 4% 6,697 4% 6,708 5% % 3-98% % 100% 99% 111.5% 108.9% PCC005 Antigonish Farmers' 5,388 2% 4,294 4% 1,889-3% % % 1,346 46% 51% 88.1% 100.2% PCB178 Arch Insurance Company 131,029 6% 82,729 19% 66,355 41% -14,727 5,362 0% -6, % -7, % 88% 75% 119.6% 102.4% PCB121 Aspen Insurance 21,901 0% 9,013-71% 8,546-68% -6,751 4,855-32% -1, % -4, % 102% 79% 180.4% 106.0% PCP060 AssurePro Ins. Co. Ltd. 1,845 9% 1,338 3% % % 57-79% % 46% 20% 130.5% 100.0% PCB217 Atradius Credit Insurance 12,117-2% 4,087-3% 175 1,087-61% % 1,570-44% 1,562-45% 5% 71.5% 31.8% PCC037 Aviva Ins Co of Canada Aviva 2,692,202 10% 2,345,543 10% 1,448,533 16% 28, % 115,887-12% 94,724 3% 87,583-26% 65% 67% 98.7% 99.8% PCC030 Elite Ins Co Aviva 258,017-11% 229,051-8% 150,992-34% 11,405 40% 24,449-26% 26,000-11% 22,646-25% 60% 66% 95.5% 97.6% PCP059 Pilot Ins Co Aviva -1, % -6, % -2, % 21, % 24,776-43% 33,585-16% 31,865-26% 64% 21.5% 91.5% PCC112 S&Y Insurance Co Aviva 32,178-2% 29,217 0% 14,399-21% 4,589-44% 5,271-38% 6,916-41% 6,579-42% 51% 53% 83.8% 76.4% PCP038 Scottish & York Ins Co. Aviva 113,882 0% 102,183 2% 67,078-18% 9,631 30% 17,995-35% 20,311-19% 18,915-25% 66% 72% 90.5% 93.5% PCC079 Traders General Ins. Co. Aviva 456,726 0% 408,636 0% 257,073-12% 31, % 32,578-24% 46,221 26% 44,292 16% 63% 70% 92.2% 97.6% PCB228 Axis Reinsurance Co. 51,375 16% 26,947 13% 19,987 26% -6, % -5,450-5,502 80% 83% 124.3% 131.9% PCP046 BCAA Ins Corp 117,004 9% 33,480 8% 18,966 5% , % 1,582 1,582 60% 62% 100.6% 105.6% PCB219 Berkley Ins Co 42,984 12% 43,244 6% 31,848 48% -9,547 1,299 31% -5,984-6,208 74% 63% 122.2% 115.2% PCC009 BI&I 28,400 4% 87,794-14% 24,910-3% 22,351 2% 4,967-7% 20,350 4% 19,216-11% 26% 26% 76.5% 77.8% PCP028 CAA Ins Co (Ontario) 184,998 15% 183,875 9% 106,343 3% 11,221 12,348 1% 17,926 97% 17,222 35% 59% 66% 93.8% 100.2% PCC181 Canada Guaranty Mortgage 127, % 127, % 14,854 8% 7,251-18% 11,619-15% 14,018-15% 13,650-25% 43% 38% 79.0% 75.2% PCC012 Canadian Direct 134,762 4% 125,410 4% 84,592 11% 4,855-40% 8,230 15% 10,374-14% 9,801-12% 69% 65% 96.1% 93.1% PCP040 L' Unique Cie Capitale Grp 151,426 3% 141,302 15% 74,791 16% 6,278-4% 4,114-15% 7,867-6% 9,214-3% 59% 58% 95.0% 94.1% PCP039 La Capitale Capitale Grp 754,701 2% 746,165 2% 421,354-2% 24,976 58% 25,952-21% 38,909 11% 46,917 22% 60% 61% 96.5% 97.7% PCP034 Unica Capitale Grp 93,741-7% 88,080-18% 59,823-30% 4,084 8,007-22% 9,969 98% 12,105 62% 61% 69% 95.8% 103.4% PCB027 CCR 0 48,931-2% 36,819-18% -1,374 4,452-62% 2,238-37% 2,238-37% 72% 85% 102.7% 113.5% PCP074 Chartis Ins Co of Cda 963,996 1% 539,317-4% 301,576-6% 134,908 14% 149,906-6% 202,259-2% 223,579 19% 54% 56% 76.0% 79.3% PCB230 Cherokee Ins Co 3,770 20% 2,812 11% 2,357 67% % % % 79% 108.6% 103.1% PCB030 Chicago Title 27,001 4% 26,939 4% 7,142-39% 6, % 856 9% 5, % 4, % 27% 45% 76.3% 93.9% Loss Combined 1

3 msaresearch.com Summarized Year-End 2012 Canadian P&C Results Dollar amounts in thousands of Canadian Dollars. P&C-1 (Canadian) results are consolidated while P&C-2 (branch results) represent Canadian branch operations only. Released March 18, (Totals Adjusted March 22, ) For extremely detailed year-end 2012 financial data on these companies please refer to the MSA Researcher P&C Software Platform by logging in at MSA Code Company Group Direct Claims UW Income Investment Income Income Comprehensive Income PCC018 Chubb Ins Co of Can Chubb 656,168-1% 605,175-2% 285,927-19% 122, % 70,259-4% 141,676 60% 103,973-11% 47% 58% 80.0% 91.1% PCB037 Federal Ins Co Chubb 16,293-23% 12,807-9% 2,638-59% 6, % 2,342-21% 7, % 6,477 84% 17% 45% 57.5% 98.1% PCC020 Clare Mutual Ins Co 2,858 5% 1,113 12% % % % % 81% 64% 164.3% 110.2% PCB179 COFACE 30,858-11% 27,837-7% 6,593-42% 8,667 31% 894 5% 7,083 21% 6,740 4% 23% 35% 70.1% 80.1% PCB024 Colisée Re ,301 18,097 55% 6,356-28% 17,201 63% 15,279 10% PCC022 Constitution Ins Co Can % % PCB033 Continental Cas. Co. 281,946 10% 281,226 15% 159,675 7% 22, % 28,700 3% 40,714 39% 40,044-9% 60% 62% 91.4% 96.4% PCB114 Converium Re NA % % % % PCC025 Co-operators General Cooperators 2,085,807 3% 2,023,203 3% 1,254,318 3% 73,246 76% 206,931 32% 257,726 72% 253,814 60% 63% 64% 96.3% 97.8% PCC026 Coseco Ins Co Cooperators 209,672 5% 206,019 6% 139,828 36% 13,193-71% 25,229 16% 28,445-42% 26,123-51% 70% 53% 93.4% 76.6% PCC027 CUMIS General Cooperators 99,054-3% 92,206 0% 52,065-9% 7,848 5,949 8% 10, % 9,844 49% 57% 66% 91.4% 100.1% PCC031 Equitable General Ins Co Cooperators % % 59-23% PCC077 Sovereign General Ins. Co Cooperators 287,771 1% 260,717 3% 140,426 17% 14,464-17% 23,066 26% 28,625 10% 27,810-2% 55% 51% 94.4% 92.5% PCB031 CorePointe Ins Co , % 760 8% 1,349 1% 1,167-27% % % PCB231 Darwin National Assurance 74-13% 41-7% % % % 72% 58% % % PCC187 DAS Legal Protection 2, % 2, % % -4, % -4,392-4,465 68% 122% 424.2% % PCC016 Certas Direct Ins Co. Desjardins 307,728 11% 317,358 19% 210,415 3% 14,213 23,463-12% 27,181 26,672 69% 92% 95.4% 116.7% PCC184 Certas Home and Auto Desjardins 1,563 51% 2, % 1,451-41% % % 181% 132.1% 235.7% PCP026 Desjardins Gen. Ins. Inc. Desjardins 816,147 6% 798,059 3% 558,032 12% 17,140-60% 52,153 10% 57,643-14% 56,266-13% 72% 66% 97.8% 94.3% PCP068 Personal General Ins Inc. Desjardins 281,051 6% 263,514 4% 183,023 9% -2, % 16, % 11,260-17% 6,242-66% 72% 68% 100.9% 95.8% PCC066 Personal Ins. Co. Desjardins 573,670 11% 563,670 12% 356,259-8% 38,546 43,523-37% 66,952 70% 68, % 66% 81% 92.8% 103.5% PCC028 The Dominion 1,270,483 0% 1,206,918 0% 883,958-5% -69, ,109 3% 65, % 78, % 73% 76% 105.8% 107.0% PCB005 Ecclesiastical Ins. 58,852 9% 44,016 1% 22,336 8% ,819-46% 1,051-56% 1,051-56% 53% 55% 101.3% 100.7% PCC050 Echelon General Ins Co 169,603 4% 166,409 9% 106,856 9% 5,192 0% 29, % 26, % 17,628 65% 66% 66% 96.8% 96.5% PCC029 Economical Mutual Economical 1,809,807 6% 1,723,656 6% 1,018,448-5% 69, ,254-15% 152,720 68% 164,129 69% 61% 66% 95.8% 100.5% PCC033 Federation Ins Co Economical 98,998 15% 124,945 6% 73,826-5% 5,072 9,928-14% 11,688 45% 13,107 35% 61% 66% 95.8% 100.5% PCC057 Missisquoi Ins. Co. Economical 114,583-3% 119,489 6% 70,601-5% 4,853 9,912-14% 11,947 46% 14,729 56% 61% 66% 95.8% 100.5% PCC067 Perth Ins. Co. Economical 75,308 15% 69,125 6% 40,843-5% 2,807 5,576-14% 6,440 43% 7,238 34% 61% 66% 95.8% 100.5% PCC083 Waterloo Ins. Co. Economical 113,914 5% 70,636 6% 41,737-5% 2,869 5,575-14% 6,496 43% 7,294 33% 61% 66% 95.8% 100.5% PCB218 Electric Insurance Co. 5,373 53% % % % 1, % 116% -24.0% 153.0% PCP012 Estrie-Richelieu 43,006 2% 32,735-10% 19,857-7% 3,622 34% 3,739 5% 7,486 19% 7,486 19% 57% 60% 89.6% 92.5% PCB019 EULER Hermes Amer Credit 40,549 15% 12,252 2% 3,291-40% 4,551 1,689-11% 3, % 3,686 78% 30% 47% 59.0% 105.3% PCC064 Everest Ins. Co. Everest Re 23,840 18% 4,401-9% 4, % -6,045 1,412 35% -3,742-3, % 94% 76% 233.7% 230.7% PCB073 Everest Re Everest Re 0 68,359-56% 59,902-42% 13, % 24,352-13% 26,719 13% 21,932-43% 62% 69% 86.5% 96.5% PCP051 Farmers' Mutual (Lindsay) 92,962 7% 82,932 6% 43,827 34% 9,583-45% 6,452-3% 12,035-26% 12,035-26% 54% 43% 88.1% 76.8% PCB051 Fidelity National Title % % % 79-44% PCC139 FCT Ins Co Ltd First American 110,711-25% 102,271-29% 32,322-40% 5,285-77% 5,036 21% 8,838-49% 9,287-47% 32% 38% 94.8% 83.9% PCB038 First American Title First American 25,488 14% 27,520 8% 7,544 10% 7,809-9% 1,591 9% 6,720-2% 6,472-9% 27% 27% 71.6% 66.6% Loss Combined 2

4 msaresearch.com Summarized Year-End 2012 Canadian P&C Results Dollar amounts in thousands of Canadian Dollars. P&C-1 (Canadian) results are consolidated while P&C-2 (branch results) represent Canadian branch operations only. Released March 18, (Totals Adjusted March 22, ) For extremely detailed year-end 2012 financial data on these companies please refer to the MSA Researcher P&C Software Platform by logging in at MSA Code Company Group Direct Claims UW Income Investment Income Income Comprehensive Income PCC035 First North American Ins 8,414 70% 6,450 54% % % % % % 15% 11% 89.1% 85.6% PCB014 Affiliated FM Ins Co. FM Global 122,357 9% 97,600 18% 102, % -29, % 7,017 8% -12, % -12, % 113% 49% 132.9% 69.0% PCB015 Factory Mutual Ins. FM Global 337,557 5% 241,168 1% 124,241-37% 80,880 36,281 26% 89, % 80, % 50% 82% 67.7% 101.8% PCP049 FMRP 0 141,183 19% 74,623-26% 42,989 23,573-30% 54, % 54, % 52% 89% 69.8% 101.1% PCB235 Gan Eurocourtage 3,493-3% 2,703-14% 3,410 61% -2, % -2,377-2, % 86% 189.9% 163.2% PCB041 General Re 0 50,283 0% -5,329 39,294-10% 4,387-17% 34,235 0% 33,869-8% 19.5% 16.2% PCC036 Genworth Fin Mort Ins Can 560,203 3% 550,485 3% 193,770-14% 293,602 2% 365, % 487,689 44% 489,380 15% 33% 37% 50.2% 52.7% PCP037 Glengarry Mutual 10,993 1% 8,742-1% 4,367 22% % % % % 49% 42% 94.8% 87.3% PCC040 Gore Mutual Ins Co 340,996 7% 315,846 7% 198,848 3% 4,939 33% 17,216 16% 17,057 22% 23,318 79% 65% 67% 98.4% 98.7% PCC041 Grain Ins & Guarantee 65,586 13% 50,748 11% 19,827-9% 4,577 91% 3,173-13% 5,660 31% 5, % 43% 50% 90.2% 94.6% PCB043 Great American Ins Co 55,875-4% 41,545-11% 32,939-11% -11,366 5,898 0% -3,617-4, % 75% 83% 125.9% 122.9% PCC088 Green Shield Canada 372,039 4% 370,481 4% 305,589 4% 5,215-5% 22, % 25, % 15,418 82% 83% 98.6% 98.5% PCC043 Guarantee Co of NA 370,667 3% 282,395 3% 167,555-4% -5,483 37,212-36% 30,210-11% 42, % 60% 64% 102.0% 105.8% PCB044 Hannover Rück 0 177,277 28% 140,501 20% -8,695 18,977 1% 7, % 2,488-74% 82% 89% 105.1% 113.7% PCB046 Hartford Fire Ins Co 13,256-13% 11,793-7% 7,971 42% % 5,470-4% 4,527-37% 1,542-81% 63% 44% 100.4% 71.0% PCB236 HDI-Gerling 12, % % % 128% 272.9% PCP115 Industrial Alliance A&H IA 276,348 25% 271,618 24% 117,458 12% 8,214 88% 3,964 18% 8,524 63% 8,013 18% 53% 58% 96.3% 97.6% PCP065 ICBC 3,918,957 6% 3,910,077 6% 3,266,615 3% -77, ,126 0% 248,556 77% 320,843 86% 87% 102.0% 105.1% PCP128 InnovAssur 85,334-5% 83,282-6% 46,683-6% 12,486 41% 2,956 35% 11,307 60% 11,185 18% 55% 60% 85.2% 89.4% PCB232 Int Ins Co Hannover 12, % 1,541 70% 1, % -1, , % -1, % 123% 69% 249.2% 123.2% PCC007 AXA Ins (Canada) Intact 45,384-93% 204,768-65% 191,043-49% 19,410-49% 101,335 20% 94,212-79% 69,255-84% 62% 65% 93.7% 93.4% PCP236 AXA Insurance Intact 237,341-54% 870,321 78% 748, % 81,765 25% 185, % 222, % 230, % 62% 56% 93.2% 87.3% PCC053 AXA Pacific Ins. Co. Intact 81,222-85% 346,787-32% 229,253-18% 23,291-36% 71,934 8% 73,287-81% 58,196-85% 62% 58% 93.7% 92.5% PCP002 Belair Ins. Co. Intact 317,808 14% 259,478-34% 191,042-26% 19,410 74% 15,771-43% 27,821-9% 24,238-10% 62% 66% 93.7% 97.1% PCP055 Intact agricoles Intact 39,922 23% 98, % 42, % 9, % 5,050-16% 14,185 89% 12,601 60% 58% 57% 87.6% 94.8% PCC045 Intact Ins. Co. Intact 5,390,360 48% 3,968,393 39% 2,216,106 17% 225, % 141,125-53% 217,179-16% 224,701 20% 62% 66% 93.7% 97.1% PCC049 Jevco Ins. Co.* Intact 389,461 11% 372,619 12% 288,943 33% -33, % 53,673 34% 131, % 128, % 79% 67% 109.2% 96.9% PCC044 Nordic Ins. Co. Intact 297,165 4% 579,834 67% 305,671 33% 31, % 30,947-45% 52,595-16% 56,448 13% 62% 66% 93.7% 97.1% PCC013 Novex Ins Co. Intact 320,444 40% 328,325-16% 229,252-12% 23, % 20,949-44% 31,865-12% 29,832-11% 62% 66% 93.7% 97.1% PCC080 Trafalgar Ins. Co. Intact 185,418 10% 283,719-18% 191,044-17% 19,404 95% 17,802-46% 29,852-12% 27,666-13% 62% 66% 93.7% 97.1% PCB190 Jewelers Mutual Ins. Co. 4,784 11% 4,339 11% 4,456 12% -2, % -2,203-2, % 108% 158.7% 154.6% PCC052 Kings Mutual Ins Co 7,543 4% 6,573 3% 2,278 52% ,485-21% % % 35% 24% 110.5% 106.0% PCP114 Lawyers' Professional Ind 110,676-4% 104,777-5% 106,106 5% -19,259 14,893-32% -2, % 3,695-57% 101% 92% 118.4% 108.9% PCC034 Legacy General Ins 17,567-17% 12,082-13% 2,687-52% 2, % % 3,380 97% 3,288 56% 28% 49% 77.3% 100.0% PCB035 Employers of Wausau Liberty Mutual % 1,049 27% % PCB054 Liberty Mutual Ins Liberty Mutual 258,603 5% 128,892 6% 93,723 13% 1,253 26,402 2% 22,179-8% 20,622-37% 74% 71% 99.0% 102.6% PCB006 Lloyd's Underwriters 1,755,493-6% 2,093,962-5% 1,042,907-25% 451, % 78,629-29% 506,992 49% 506,992 49% 51% 63% 78.0% 90.6% PCB056 Lumbermen's UW Alliance -6, % -14,361 9,017-58% -7, % -6,330-4, % 114% 372.1% 177.3% Loss Combined 3

5 msaresearch.com Summarized Year-End 2012 Canadian P&C Results Dollar amounts in thousands of Canadian Dollars. P&C-1 (Canadian) results are consolidated while P&C-2 (branch results) represent Canadian branch operations only. Released March 18, (Totals Adjusted March 22, ) For extremely detailed year-end 2012 financial data on these companies please refer to the MSA Researcher P&C Software Platform by logging in at MSA Code Company Group Direct Claims UW Income Investment Income Income Comprehensive Income PCB220 Mapfre Re Co SA 0 16,571-1% 8,582-13% 5, % 1,149 0% 5, % 4, % 49% 60% 67.5% 91.0% PCP174 MAX Canada Insurance Co 11,006 18% 5,671-4% 2,360-35% % % % 46% 53% 102.3% 100.9% PCP104 MEARIE 9,406-13% 5,768-15% 3, % % 2,698-12% 2,446-56% 2,582-43% 62% 26% 104.4% 63.6% PCP015 Mennonite Mutual Fire Ins 14,542 8% 7,019 8% 4,188 14% % % % % 64% 59% 93.5% 86.2% PCP162 Millennium Ins Corp. 110,719 19% 94,348 19% 31,178 17% 16,248-14% 8,976-5% 20,665-4% 22,161 28% 53% 48% 72.1% 66.2% PCB085 Mitsui Sumitomo Ins 23,326 3% 21,017 1% 9,479-37% 5,112 2,152-11% 5, % 4, % 45% 73% 75.8% 106.5% PCC058 Mortgage Ins. Co. of Can % 11-15% % % % 2% 1% 69.5% 35.3% PCB058 Motors Ins Corp 159,932-8% 56,008-58% 83,951-14% 27,150-15% 29,035 10% 43,521 1% 40,974-28% 65% 64% 79.1% 79.1% PCB022 Munich Reins America Inc. 0 11,756-12% 9, % -1, % 5,651-19% 3,041-77% 1,760-88% 85% 27% 112.8% 49.8% PCC059 Munich Re of Canada Munich Re 0 201,140 12% 123,711-6% 15,627 44,897 1% 44,969 14% 31,800-40% 62% 72% 92.1% 101.8% PCC042 Temple Ins Co Munich Re 170,104 8% 100,115 7% 60,767-7% 1,327 20,264 1% 15,954 39% 12,711-39% 61% 66% 98.7% 104.8% PCP106 Mutual Fire Ins Co of B.C 46,366 18% 38,336 17% 22,285 40% -1, % 1,482 14% % 1,069-63% 63% 54% 103.1% 94.8% PCB101 Nationwide Mutual % % % PCB008 New India Assurance Co % PCB064 NIPPONKOA Ins Co % 1,066-7% % 983-3% 1,249-5% % 2% 60.0% 53.4% PCB131 NLFIC 14,996-7% 136,739 51% 79,256 86% 2,668-80% 4,747-19% 6,858-64% 5,485-72% 65% 50% 97.8% 84.7% PCC061 North Waterloo Farmers 83,083 6% 74,375 5% 39,838 2% 5, % 2,459-46% 6,569 6% 6,838 11% 55% 60% 91.8% 96.0% PCC032 Federated Ins Co Northbridge 148,854 2% 133,054 4% 68,841 15% 13,559-37% 7,575 19,927 18,951 54% 47% 89.4% 83.0% PCC056 Northbridge Commercial Northbridge 149,893-15% 143,403-15% 113,253-19% -1,295-14,464-4,637-4,637 73% 77% 100.8% 107.8% PCC023 Northbridge General Northbridge 777,520-2% 625,910-8% 492,170-1% -95,713 4,225-58,192-58,192 78% 76% 115.2% 110.7% PCC021 Northbridge Indemnity Northbridge 111,056-36% 47,687-52% 77,567 34% -35, % -1, % -17, % -17, % 106% 65% 148.2% 98.1% PCC024 Northbridge Personal Northbridge 194,573-6% 167,746-12% 163,491-2% -51, ,406-35,406 94% 95% 129.6% 124.8% PCC087 Zenith Ins Co Northbridge 65,871 0% 57,672-5% 72,579 40% -35, % -24,798-24, % 93% 161.2% 122.0% PCB012 NRG Victory Re % 84-50% % % PCB090 Odyssey Re 0 83,937 28% 70,582 31% -3,969 16,414 23% 11,330 45% 11,102 43% 83% 83% 104.7% 107.1% PCC063 Old Republic Ins. Co. 70,603 12% 55,801 12% 40,360 31% -1, % 3,771-6% 1,517-72% % 77% 66% 103.2% 92.3% PCC138 Omega General Ins Co 23,888 8% 17,927-3% 13,387 6% -2,652 1,482 77% , % 71% 68% 114.1% 107.3% PCP067 Optimum Farm Ins Inc. Optimum 9,036 17% 6,809 14% 2,197-14% 1,718 49% % 2,387 8% 2,144-9% 34% 43% 73.1% 80.6% PCP013 Optimum Ins Co Inc. Optimum 79,747 3% 88,786 5% 41,377-11% 4, % 2,347-53% 5,748 11% 5,137 6% 48% 56% 94.7% 98.3% PCP112 Optimum West Ins Co Optimum 49,237 8% 16,409 9% 9,274 27% 2,817 10% % 2,410-4% 2,315-9% 58% 49% 82.3% 82.7% PCP108 OSBIE 38,763 3% 35,934 3% 30,863 30% 2,178-74% 6,078-32% 9,232-48% 11,452-14% 85% 67% 94.0% 76.1% PCB234 Partner Re U.S ,478-2% 50,883-45% 22,961 9,841-76% 23,625 20% 23,625 20% 47% 74% 78.8% 102.4% PCP100 Peace Hills General 175,817 3% 117,582 5% 70,853-4% -3,012 8,188-6% 3,909 33% 3,614 31% 62% 66% 102.6% 104.7% PCP066 PEI Mutual 17,961 7% 15,621 5% 8,869-10% 608 2,606 4% 2,719 78% 3, % 59% 69% 95.9% 105.7% PCC068 Pictou County Farmers' 1,620 4% 1,243 7% % % % 77% 120.8% 200.2% PCC183 PMI Mortgage Ins Co Cda 0 9, % 1, % 3,341 3,287 71% 136% -49.3% 593.3% PCC070 Portage la Prairie Mutual 210,339 3% 187,023 2% 126,088 0% -5,728 14,324 48% 6, % 72% 103.1% 108.9% PCP187 Poultry Ins Exch Recip % % % % % 137% 123.9% 188.1% Loss Combined 4

6 msaresearch.com Summarized Year-End 2012 Canadian P&C Results Dollar amounts in thousands of Canadian Dollars. P&C-1 (Canadian) results are consolidated while P&C-2 (branch results) represent Canadian branch operations only. Released March 18, (Totals Adjusted March 22, ) For extremely detailed year-end 2012 financial data on these companies please refer to the MSA Researcher P&C Software Platform by logging in at MSA Code Company Group Direct Claims UW Income Investment Income Income Comprehensive Income PCB070 Progressive Casualty Ins % 39 50% % % PCB071 Protective Ins Co 1,244 4% 1,244 4% % % 129 8% % % 47% 44% 85.2% 72.1% PCC038 RBC General Ins Co RBC 545,936 2% 537,307 2% 377,239-2% 34,226 32,601-9% 48, % 49, % 70% 76% 93.6% 101.2% PCC082 RBC Ins Co of Cda RBC 376,442-1% 400,871-1% 217,484 0% ,496 25% 12, % 11, % 55% 57% 99.8% 102.6% PCP107 Red River Valley Mutual 73,125 4% 65,394 1% 36,246-5% 1,846 4, % 4, % 5, % 56% 63% 97.1% 101.8% PCC006 Ascentus Ins Ltd RSA % % % % % % 45.8% 3.3% PCC014 Canadian Northern Shield RSA 207,296 4% 180,301 1% 99,117 0% 5,375 6,100-9% 8, % 4, % 56% 59% 97.0% 101.6% PCC072 Quebec Assurance Co. RSA 0 40,188 22% 22,092 13% 3, % 2,871-7% 4,897 56% 3,272-12% 56% 61% 91.4% 96.9% PCC073 RSA Ins. Co. of Canada RSA 1,380,983 33% 1,098,467 22% 603,849 13% 91, % 107,877 13% 148,770 64% 110,961 16% 56% 61% 91.5% 97.0% PCC081 Unifund Assurance Co. RSA 951,733 5% 928,054 5% 793,581 21% -129,307 37,532-1% -62, % -67, % 88% 77% 114.3% 104.2% PCP089 Union Canadienne Co.** RSA 270,068-4% 250,629-7% 182,267-5% -12,467 21,110 94% 6, % 72% 104.8% 105.7% PCC085 Western Assurance Co RSA 158,794 6% 200,939 22% 110,460 13% 16, % 13,740-8% 23,823 58% 15,665-8% 56% 61% 91.4% 96.9% PCB222 Safety National Cas Corp % -1,120 1,652 2% % PCC074 Sask Mutual Ins. Co. 55,164 9% 51,300 8% 27,211 9% 1,560-7% 4,007-5% 4,083-5% 1,114 55% 56% 96.8% 96.3% PCP230 Saskatchewan Auto Fund 785,679 5% 781,167 5% 740,528-8% -123,824 74,838 45% -11,496-11,496 97% 111% 116.1% 131.5% PCC075 SCOR Canada Re 0 151,456-4% 112,375-24% -10,527 13,367-51% 2,624 5,640 76% 91% 107.1% 118.6% PCC011 Scotia General Ins Co PCB077 Security Ins Co of Hart % 291 2,365-6% 2,377 31% 2,124-6% PCB078 Sentry Ins 1,846 10% 1,386 16% % % 715-5% % 1,003 48% 27% 21% 85.8% 87.2% PCP006 Coachman Ins Co SGI 63,168-9% 56,808-11% 37,890-5% 6, % 6,253 62% 9, % 9, % 63% 72% 89.7% 99.0% PCP122 ICPEI SGI 26,604 7% 24,666 7% 11,370-27% 3,561 1,016 17% 3,270 3,270 48% 70% 85.1% 105.4% PCP123 SCISL SGI 156,933 3% 144,245 3% 81,799-11% 14,744 10,504 90% 18, % 18, % 58% 72% 89.6% 102.9% PCP007 SGI CANADA SGI 536,004 4% 496,707 4% 249,621-15% 55,509 33, % 82, % 80,085 51% 65% 88.6% 101.9% PCB233 Shipowners' Mutual 13,513 6% 12,688 5% 9,670 19% % % 94-90% 94-90% 78% 75% 105.2% 95.4% PCB039 Sirius America 0 14,846-4% 3,316-73% 6,390 1,432-18% 5, % 5, % 22% 74% 57.3% 110.3% PCB099 Sompo Japan Ins Inc 4,855 7% 5,379 5% 1,367-10% 1,976-10% 715 7% 2,268-6% 2,268-6% 26% 26% 62.0% 62.9% PCB082 State Farm Fire & Cas State Farm 506,737 0% 501,515-1% 276,448-10% 82,340 65% 37,903 0% 93,194 39% 87,173-3% 55% 61% 83.6% 90.1% PCB083 State Farm Mutual Auto State Farm 1,340,949-6% 1,340,935-6% 1,171,508-33% -61, ,808 3% 139, ,386 86% 122% 104.5% 137.0% PCB084 Stewart Title Guaranty Co 91,741 15% 91,741 15% 14,385-15% 26,439 22% 2,525-67% 21,349 1% 21,196 0% 16% 21% 71.2% 72.9% PCC051 Suecia Re 0 3 0% % % % % % PCB227 Sunderland Marine Mutual 35,649 58% 10,343 6% 5,912 35% -2, % % -2, % -2, % 60% 45% 123.2% 94.5% PCB086 Swiss Re Swiss Re 0 81,114-19% 8,009-82% 51, % 8,104-21% 36,957 39% 32,497 20% 9% 47% 40.0% 76.9% PCB036 Westport Ins Corp. Swiss Re 184,259 33% 61,453 18% 28,494-4% 13,560-9% 2,586-22% 18,181 9% 17,683 4% 54% 56% 74.4% 71.9% PCB087 T.H.E. Ins Co % % 79 76% % % 47% 233.9% 222.1% PCC010 Primmum Ins. Co. TD Insurance 550,881 10% 538,604 8% 416,070 16% -21, % 28,860 6% 6,247-79% 6,917-77% 81% 76% 104.1% 97.2% PCC076 Security National Ins Co TD Insurance 2,707,183 7% 2,646,002 5% 2,103,351 13% -152, % 143,485 4% -1, % 1,201-99% 82% 77% 106.0% 99.6% PCC062 TD Direct Ins. Inc. TD Insurance % 364-2% % PCC008 TD General Ins Co TD Insurance 161,606-21% 158,868-23% 178,329-4% -37,714 17,354 3% -13, % -12, % 99% 81% 120.9% 100.7% Loss Combined 5

7 msaresearch.com Summarized Year-End 2012 Canadian P&C Results Dollar amounts in thousands of Canadian Dollars. P&C-1 (Canadian) results are consolidated while P&C-2 (branch results) represent Canadian branch operations only. Released March 18, (Totals Adjusted March 22, ) For extremely detailed year-end 2012 financial data on these companies please refer to the MSA Researcher P&C Software Platform by logging in at MSA Code Company Group Direct Claims UW Income Investment Income Income Comprehensive Income PCC071 TD Home & Auto Ins. Co. TD Insurance 355,968 14% 349,762 12% 272,315 26% -14, % 24,582 4% 9,197-65% 9,732-63% 82% 76% 104.5% 96.1% PCB089 TIG Ins Co 0 0 1, % -1, % -1, % -1, % PCB091 Toa Re 0 46,345 18% 32,623 8% 3, % 6,142-2% 6,816 61% 6,962 11% 71% 77% 93.2% 99.8% PCB088 Tokio Marine and Nichido 22,398 11% 27,303 7% 13,596 12% 4,058 9% 2,315-5% 4,828 9% 3,725-29% 49% 49% 85.3% 84.9% PCB092 Transatlantic Re 0 103,318-8% 90,751 33% -7, % 17,393 4% 6,815-74% 7,815-77% 83% 60% 106.9% 84.7% PCB076 St. Paul Fire and Marine Travelers 178,249-12% 155,221-12% 68,228-35% 23,362 35,472-11% 43,032 26% 32,516-35% 43% 59% 85.4% 100.2% PCC055 Travelers Ins Co Canada Travelers 132,347-15% 112,619-8% 15,139-44% 55,092 13% 17,426-11% 53,431 6% 50,963-14% 12% 21% 55.1% 62.3% PCP031 Trillium Mutual Ins Co. 37,813 1% 32,744 2% 12,712-24% 5, % 2,719 50% 6, % 6, % 39% 53% 81.7% 93.1% PCC180 Trisura Guarantee Ins. Co 65,070 28% 46,334 17% 11,651 32% 4,502-6% 2,350-3% 5,157-4% 5,632-9% 29% 26% 88.9% 85.6% PCB226 Triton Insurance Company 44,424 47% 44,424 74% 9,303-3% 28,420 2% 7,611 24% 26,525 7% 23,312-22% 21% 23% 34.8% 32.9% PCB097 Utica Mutual Ins Co % % PCB098 Virginia Surety Co. 13,789 28% 13,785 29% 6,946 8% % % 84% 109.7% 116.4% PCC084 Wawanesa Mutual Ins. Co. 2,477,889 4% 2,397,221 4% 1,783,831 1% -47, ,761 28% 219,732 91% 239, % 76% 79% 102.0% 104.0% PCC137 Western Financial Ins Co 41,747 5% 41,747 5% 22,480 15% 2,436-36% 733-5% 2,169-33% 2,051-40% 54% 51% 94.1% 90.2% PCC086 Western Surety Co. 21,488-6% 13,038-2% 106 3,223 29% 1,441 25% 3,564 30% 3,177 4% 1% 75.6% 81.0% PCB140 XL Insurance Company Ltd. XL 117,256 23% 90,416 23% 58,925 19% -1, % 12,799 1% 7,321-55% 5,853-77% 65% 56% 101.5% 89.6% PCB066 XL Re America Inc. XL 22,785-20% 61,102 8% 29,412-20% 8, % 10,442-22% 15,053 39% 13,199 8% 50% 58% 85.0% 97.7% PCB100 Zurich Ins Co Ltd. 920,750 1% 641,825-1% 426,831 13% 22,411-75% 75,706 10% 67,279-37% 49,258-55% 67% 59% 96.5% 85.9% Industry Totals 50,057, % 47,404,688 6% 31,242,103 0% 1,863, % 4,455,579 5% 5,119,126 69% 5,003,318 65% 67% 71% 96.0% 99.5% Adj. & PY s*** 3.3% 2.3% -2.5% 400% 0.1% 54% 52% 71% 99.2% * Intact acquired this company effective September 5, ** RSA acquired this company effective October 1, *** Adjusted Year over Year and Prior Year ratios correct for the impact of insurers that ceased writing business in 2012 as well as for some M&A related anomalies. Shaded rows indicate that subsidiary information was not taken into account for the industry totals to avoid double counting. For more information on MSA's Double Counting Prevention System (DCPS) please see MSA Research Inc. All Rights Reserved Loss Combined 6

8 In this issue... Year-end 2011 A better year if you ignore the CATs Alberta A dangerous land for property writers Ontario Auto Far from calm Investment Yields Been down so long, but which way is up? Working with MSA Researcher 2011 year-end P&C investment data PCS-Canada catastrophe news S&P Rating Roundup Fourth Quarter and year-end 2011 Company Results Released April 2012 Products and Services Catalogue Online Online Life/Health/Fraternal Life/Health/Fraternal MSA Quarterly Outlook Report Q Definitive insurance information for intelligent business decisions 's CIFF Canadian Insurance Financial Forum

9 MSA s mission is to provide Canada s insurance professionals with comprehensive financial information, unparalleled analytical tools and rigorous research on a consistent basis. MSA Research Inc. is a Canadian-owned, independent and impartial analytical research firm that is focused on the Canadian insurance industry. MSA is the dominant provider of financial information relating to Canadian insurers. Its reports and software are used by over 90% of Canadian P&C insurers and many life insurers, reinsurers, reinsurance brokers, commercial brokers, all broker associations, all major audit/actuarial firms, equity research and investment banking shops, regulators, governments, TPA s, academics and many others. In this catalogue, you will find descriptions of MSA s analytical products covering the property and casualty and life/health/fraternal insurance markets in Canada. In addition to the products listed on the following pages, MSA also offers extensive custom analysis and research facilities. With our in-depth industry knowledge, MSA s advisory services provide clients with unparalleled insights into the Canadian insurance industry. MSA Research and its partners offer decades of successful analytical experience in the Canadian marketplace. Our offerings include: Extensive analytical research, consulting and due-diligence capabilities. MSA s P&C M&A Database. MSA s database of corporate name changes, status changes, mergers, acquisitions, license changes etc. captures over 1,500 corporate events going as far back as the 1950 s and 60 s. Easy search and click-through ability and many other features. Contact us for more information on this product. MSA is the exclusive Canadian representative of Verisk s Property Claim Services (PCS) and the exclusive Canadian insurance representative of Verisk s Cargo and NER businesses. For more information on the PCS Canada catastrophe data collection and analysis service, please visit For information on Cargo and NER please visit and respectively. MSA also organizes three significant annual events: The National Insurance Conference of Canada (NICC), Canada s pre-eminent annual property & casualty insurance conference. In, the NICC will take place at Hilton Lac-Leamy in Gatineau, Quebec from September 22-24,. For more information on the NICC, please visit The annual Canadian Insurance Financial Forum (CIFF). The CIFF is an intensive one-day financial conference focused on the issues affecting actuarial, accounting, finance, analysis and investment professionals in the Canadian P&C insurance industry. The CIFF takes place on May 22, at the Metro Toronto Convention Centre in Toronto. For more information please visit The Canadian Commercial Insurance Summit (CCIS) is a new event geared strictly for brokers and insurers that are involved in the commercial space in Canada. It will be a place for executive level brokers and carriers to meet, hear expert speakers, network and have private breakout meetings in an extremely pleasant and conducive environment. The inaugural CCIS will take place June 23 25, at The Rosseau, A JW Marriott Resort & Spa in Muskoka. For more information please visit While we ve worked to make this catalogue as descriptive and as easy to read as possible, we recognize that you may still have unanswered questions. We are always here to answer them. You can reach us anytime by calling or by ing info@msaresearch.com. Definitive insurance information for intelligent business decisions.

10 In this issue... Year-end 2011 A better year if you ignore the CATs Alberta A dangerous land for property writers Ontario Auto Far from calm Investment Yields Been down so long, but which way is up? Working with MSA Researcher 2011 year-end P&C investment data PCS-Canada catastrophe news S&P Rating Roundup Fourth Quarter and year-end 2011 Company Results Released April 2012 Table of Contents MSA Researcher P&C or LH Software Package p. 4, 7 Online Online Life/Health/Fraternal Life/Health/Fraternal The P&C MSA Report p. 8 The P&C MSA Benchmark Report p. 9 MSA Market Share Report p. 10 MSA Quarterly Outlook Report MSA Quarterly P&C Outlook Reports p. 11 Q Property Claim Services Canada (PCS Canada) p. 12 Canadian Insurance Financial Forum (CIFF) p. 13 's CIFF Canadian Insurance Financial Forum Cargo and NER Services from Verisk Crime Analytics p. 14 National Insurance Conference of Canada (NICC) p. 15 Price List and Order Form p. 16

11 MSA Researcher P&C or Life/Health/Fraternal Software MSA Researcher is a powerful web-based analytical application backed by comprehensive databases of detailed regulatory financial information on Canada s insurers. Researcher is the market s leading analytical engine, benchmarking and business-intelligence tool. Top Reasons Why Professionals Adopt MSA Researcher as Their Business-Intelligence Platform Uncompromised Support and Training It s always about the customer and it s always free! MSA prides itself on providing highly responsive, unlimited free technical support and training. This ensures that clients maximize the value of their investment and time. We thoroughly understand the issues, the data and the Canadian insurance industry. It is our core business. Unmatched Breadth MSA Researcher contains detailed financial information on over 98% of the Canadian P&C Industry and Life/Health/Fraternal Insurers. Unparalleled Depth The standard Researcher package comes with ten years of detailed regulatory data, as well as a wealth of value-added MSA information & ratios. Updates are released every quarter. Historical versions are also available with data going back to 1990 for P&C and 1996 for L/H. Unrivaled Functionality Take an entire statement to Excel with executive summary exhibits and charts in a few simple clicks. Select five companies, benchmarks or composites and quickly view sophisticated comparative exhibits Easily create your own benchmarks by aggregating companies together into composites. Your composites can then be treated as companies in the application. Run queries of any set of companies, composites or benchmarks against any set of fields (OSFI, MSA or your own calculated fields). Apply filters to quickly find the data you want, then easily manipulate it or take it to Excel for further analysis. Smart features like MSA s Double Counting Prevention System (DCPS) and MSA s new Dashboard streamline your analytical work, getting you to the right answer quicker. 4 To find out more, please call our office to arrange a free on-site or web-based demonstration. (416)

12 MSA Researcher P&C and LH software is recognized as the most comprehensive and powerful analytical engine of Canadian industry financial information available. DCPS TM A cure for the double counting headache. MSA s Double Counting Prevention System (DCPS) automatically flags or removes any double counting resulting from the inclusion of corporate parents in the same query or composite as a subsidiary. Only consolidated fields are affected. For more information please visit or contact us. MSA Researcher Software is Used By: Over 90% of Canada s P&C insurers and reinsurers* An increasing number of life insurers and reinsurers Commercial/reinsurance brokers All Canadian broker associations All major audit/actuarial firms Main industry associations, regulators and governments Equity research shops/ investment banking arms Others *Measured by premium volume Package Comparison P&C Standard P&C Historical L/H/F Standard L/H/F Historical Years of data Q3/ Q3/ Q3/ Q3/ Regulatory Data Included P&C-1/P&C-2 Regulatory data mapped to P&C-1 wherever possible : OSFI-54/55/56/ onwards: Life-1/Life-2 MCCSR/TAAM Summary data Regulatory data mapped to Life-1 wherever possible Data Flow Frequency Quarterly Year-end released on or about March 20 Additional Data Included Value-added MSA Report and MSA Benchmark Report data as well as P&C-1/2 data for MSA s 43 Benchmarks. Executive summary stats and charts via MSA s new Dashboard feature. S&P FSR Ratings Corporate Profile Information S&P FSR Ratings Corporate Profile Information Executive summary stats and charts via MSA s new Dashboard feature. Hard Copy Reports Included MSA Report MSA Benchmark Report MSA Market Share Report MSA Quarterly Reports (with site license only) Not applicable Includes Ratings Copyright, Standard & Poor s, a division of The McGraw-Hill Companies, Inc. Standard & Poor s, including its subsidiary corporations, ( S&P ) is a division of The McGraw-Hill Companies, Inc. S&P and/or its third party licensors have exclusive proprietary rights in S&P ratings. S&P ratings may only be used internally for business purposes. S&P ratings or the contents/output thereof shall not be used for any unlawful or unauthorized purposes. Dissemination, distribution or reproduction of S&P ratings or the contents/output thereof in any form is strictly prohibited except with the prior written permission of S&P. Because of the possibility of human or mechanical error by S&P s sources, S&P or others, S&P does not guarantee the accuracy, adequacy, completeness or availability of any information and is not responsible for any errors or omissions or for the results obtained from the use of such information. S&P GIVES NO EXPRESS OR IMPLIED WARRANTIES, INCLUDING, BUT NOT LIMITED TO, ANY WARRANTIES OF MERCHANTABILITY OR FITNESS FOR A PARTICULAR PURPOSE OR USE. In no event shall S&P be liable for any direct, indirect, special or consequential damages in connection with subscriber s or others use of S&P ratings. Access to a S&P ratings or the contents/output thereof is subject to termination in the event any agreement with a third-party provider of information or software is terminated. () For more information on how S&P s ratings are incorporated into MSA Research Inc. s products, please visit or call To find out more, please call our office to arrange a free on-site or web-based demonstration. (416)

13 MSA Researcher P&C or Life/Health/Fraternal Software Understanding Researcher s Interface This tab brings you to the welcome screen with information on software flow releases, training documents, and other MSA products and services. Use this drop down to select your desired data set: Property/Casualty or Life/Health/Fraternal Use this drop down to change language. MSA Researcher is fully bilingual English or French. MSA s new Dashboard Tab lets you quickly view insurer profile information, single and multi company financial exhibits, charts, comments and much more. See opposite page for more information on this exciting new feature. Use this tab to view training videos that walk you through the various features. View company, benchmark or composite regulatory statements for any period and easily export them to Excel. Run simple or complex queries of any group of companies against any set of fields for any period. Easily filter and sort your queries and take them to Excel. Users can use the Admin tab to set preferences and change their passwords. Administrators can use this tab to add/revoke users and assign Super User status to power users. Super Users can share their comments, attachments, field groups, company groups and calculated fields with other users within your organization on a read-only basis. At RBC Insurance, we use the timely quarterly updates to MSA Researcher software to support our competitive market share monitoring efforts. The new web version is particularly helpful in this regard since we can access the updates from anywhere and as soon as the information becomes available. We also use MSA Researcher to support us with ad hoc reporting requests or to extract a competitor s P&C 1/2 report quickly and easily. In particular, the Excel export capabilities are very helpful and save us time when incorporating financial data extracts into our existing models. Christopher Cooney, Head of Pricing and Actuarial Services RBC Insurance Use the Fields tab to create field groups. Use your field groups in queries to find the data you need. You can also use the Fields tab to create custom Calculated Fields. These are formulas that you can include in your field groups. The formulas are then automatically calculated for you when you run them in queries. Use this tab to create company groups. Use your groups in queries by running them against field groups. In addition, MSA Researcher automatically creates a composite of your group by aggregating the data of the constituent companies. You can then view that composite in dashboard or statements area or even use it in a query by including it in another group. 6 To find out more, please call our office to arrange a free on-site or web-based demonstration. (416)

14 Introducing the MSA Researcher Dashboard A new tab that makes using Researcher a SNAP! Anyone can use the Dashboard to efficiently: View executive summary stats and charts on any insurer right in the browser View corporate profile information and breaking news Maintain your own comments and attachments Easily run comparative reports Export exhibits to Excel or PDF And much more Excellent. I regard MSA Research, Inc. as the definitive source for accurate Canadian insurance industry regulatory statement data and analytical reports. The on-line software is extremely functional, user friendly and backed by timely and responsive customer support. Colin F. Rose, Senior Vice President Marsh Market Information Group, New York To find out more, please call our office to arrange a free on-site or web-based demonstration. (416)

15 CY % Tot CAGR CY % Tot (1) (1) C C C (2) (3) (15) (16) (17) (30) (2) (31) (3) (32) (4) (5) (4) (18) (33) (6) (7) (5) (6) (7) (8) (9) (10) (19) (20) (34) (35) (8) (21) (9) (36) (10) (22) (37) (11) (23) (38) g OUT of OSFI Range (12) (13) (24) (39) (25) (40) ('03 dev inc. Inv income) (14) (15) (11) (26) (41) (16) (42) (17) (12) (13) (27) (28) (43) (18) (14) (29) 1=Low (19) (44) CY % Tot (1) (1) (1) Pure Inc. Losses (1) DLR (2) (2) Calendar Accident Year Year (2) (3) Reg. (3) (3) un-reg. (2) (3) (4) (5) (4) (5) (4) (5) (6) Reg. (6) (6) (7) (7) Un-Reg. Calendar Accident Year Year (8) (9) (10) Ceded to Unreg % of Ceded (8) (9) (10) (11) H.O. Overhead (7) (8) (9) (10) (11) DLR DLR DLR DLR DLR (4) (5) (6) (7) (8) (9) (10) (11) (12) /100 2/100 2/100 7/ / (13) DLR (14) /100 (15) (12) (12) (11) DLR (16) /100 (13) (12) Prof. Fees, Reg & Bureaus (13) DLR (17) (18) /100 (14) (13) (15) (14) [Pre-Tax impact of discounting ] / NPE (11) - (4) (15) (16) (inv MV) (17) (16) (17) (18) (19) (inv MV) (18) EP %Tot EP %Tot EP %Tot EP %Tot (14) (15) (16) (17) (18) (19) (20) (21) (22) 03 Oth 02 Boiler Surety (1) (2) (3) (4) (5) (6) (7) (8) (9) (10) (11) (12) (13) (14) (15) (16) (17) Liab Com P (17) Pers P Auto CY % Tot 21/100 0/100 9/ /100 0% 13% 27% 40% C 71 C C 650 C 101 C C53 C 45 C YT/NT/NU Out of CN 03 Out 02 (1) (2) (3) (4) (5) (6) (7) (8) (9) (10) (11) (12) (13) (14) 1, , ,040 15, (503) 6,287 12, ,422 West , ,133 29, (855) 6,310 10, ,454 ON ,297 1,523 17,664 42,903 1, ,602 17,063 1,040 9,118 1, ,958 2,286 21,308 64,107 2,820 1,466 16,385 18, ,624 QC 3, ,269 3,317 31,741 98,197 5,952 2,429 26,493 24, ,463 CY % Tot East 0% 17% 33% 50% (19) DLR (20) (21) /100 DLR (22) (23) (24) /100 (25) (20) DLR (26) 100/100 (1) (2) (3) (4) 299,850 (1) (2) (3) (4) (5) (6) Adj. Expenses (1) 199,918 (2) (3) (4) (1) 0 265, , ,163 0 (2) Cumulative margin (def) of developing unpaid claim provisions. $ amounts reflect the opening unpaid claim provisions for the accident-years. (5) (6) (7) (8) (9) (10) (11) (12) (13) (14) (15) (16) 0 56,110 73, , ,935 14, , ,061 12,130 12, , ,351 7, , , , , ,163 12, ,016 (7) (3) (5) (8) (5) (6) 179,696 (7) (8) (9) (10) (11) % C&S (18) IBNR/ Inv. Inc. % % 1 yr. UPC on UPC NPE C&S Dev (9) (10) (11) (12) (13) (14) (15) (16) (17) (18) (19) (20) (21) (22) (23) 43,972 69, , ,140-2, , ,549 86, ,043-1, ,162 8,981 1, , ,672 97, , , ,002-4, , ,737-3, ,644 4, , , , , , ,095 6,407 10, ,353-7,454-2,118 4,489 21, ,618 Internal Adj. Exp. as % of Claims External Adj. Exp. Pd. % Claims Pd. Adj+App Legal Other Total Paid Salaries Inspect & In. Gross Gross Gross Gross (6) (7) (8) (9) (10) (11) (12) (13) (14) (15) (16) (17) (18) (19) (4) Est. Tax- Adjusted Foreign Pay Mark-to- Securities % Market Impact on MV ROE % 69,599 % % Beg. Unpd % 48, % % Developed 43 % 67 66% 42, % 58% Margin 47 5, % 50% 27 % Dev % $millions % 43, % 54, % 80, ,599 % Beg. Unpd Beg. Unpd Beg. Unpd Beg. Unpd % 106% 106% ,188 36,929 53,331 48, % Developed Developed Developed 100 Developed 100% 100% 100% ,473 36, , % 42,981 Margin 22 95% Margin 32 95% 16 95% Margin 31 95% Margin 47 (1,285) 298 (242) 5, % 12 89% 19 89% 19 89% 27 % Dev % Dev % Dev % Dev % 0.81% -0.45% 11.39% (17) (12) (19) 179, ,098 Beg. Unpd 82,737 IBNR 67,611 Case 15,126 Paid 38, ,098 Beg. Unpd 82,737 IBNR 67,611 Case 15,126 Paid 38,361 The MSA Report, P&C The MSA Report provides a wealth of financial information on the vast majority of Canada s property & casualty insurers. It is an essential tool for anyone following the industry. Includes Key Features: Five years of detailed financial information. Groundbreaking three-page financial reports covering every aspect of each insurer. Multi-Year averages and growth measures. Summary tables. Extensive corporate profile and contact information. Comprehensive exhibit explanations. Primary Uses: Reference; Individual company analysis; Market analysis; Performance analysis: Financial strength & solvency trend analysis. Primary Users: Insurers & reinsurers; Reinsurance brokers; Financial analysts; Investment bankers; Agents/brokers; Claims service providers; Foreign parents; External auditors; Actuaries; Governments; Regulators. Additional information: Call, or download an information package from msaresearch.com. Package includes a sample company report. Available Electronically: See MSA Researcher P&C. Due to be released: Second Quarter Check website or call for more details. Ratings Layout of individual company exhibits contained in the MSA Report and the MSA Benchmark Report. ABC Insurance Company Exhibit 1 Key Company Information Actuarial Firm: Tel: Fax: Appointed Actuary: License: Federal Ownership: Other Org Type: Stock Audit Firm: PWC Distribution: Broker Primary Regulator: OSFI External Auditor: Ms. D. Woodruff, Partner Ultimate Parent: Traded As: Mr. D. Smith, President and C.E.O.; For additional profile information, please see the 'Profile' section at the end of this book. For more financial data on this company, please refer to the MSA Researcher software package. Exhibit 2 Key Financial Indicators Earl y Warnin g Indicators Supplementary s Change Change U/W Leverage Change Rec from Surplus Equity/ Inv. Inv. Liab/ ROE 1 yr Reins Cash 2-Yr MAT in NPW in GPW Gross in Equity Agents & Relief Liab Risk Yield Liquid Loss Dev % Recov. to Flow COR Subs % Assets Res. Equity Equity from Op Equity Equity to NPW MCT Regulatory/Solvency 4.0 (14.4) (16.5) (4.8) (36.1) Yr Exhibit 3 Balance Sheet & Income Statement Investments Receivables Recoverable Inv. in subs, DPAE & Total Assets Cash & Fixed Mort. Pref & Other Agents & PH and Other Subs and Other from affiliates & Other Inv. own-use Income Loans Common Investmnts Reinsurers Brokers Instalment Insurers, Affil Income Real Estate Assets Shares Prems FA & PRR Due , , , , ,342 2, , , , , , , , ,502 6,601 4, , , , , , ,922 1,165 6,046 4,697 8, , , , , , ,094 2,449 7,032 3, , , , , , ,588 2,484 16,470 2, , , , Balance Sheet & (1.4) (4.3) (18.2) Liabilities Sub Debt Capital Elements Total Payables Unearned Unpaid Unearned Other Total & Def Share Cont. Other Retained Reg. Total Stat. Liabilities Claims Comm. Taxes Capital Surplus/ Capital Earnings Reserves Equity Surplus/ and Equity Issued & H.O. Acct Elements Adj. Income Statement Equity Paid ,582 55, ,263 1,395 15, , , ,489 26,221 14,137 85,854 71, , ,273 87, ,880 2,960 20, , , ,537 (2,739) 27,401 73,206 45, , , , ,605 5,165 18, , ,007 12,958 6,163 (58) 14,097 76,167 62, , , , ,088 8,138 29, , ,007 12,958 4,730 15,355 18,090 94,140 76, , , , ,356 6,666 29, , ,007 12, , , , , CAGR (66.2) Acq. General Total U/W U/W Inv. Other Dividends Direct Assumed Ceded Claims Expenses Expenses Expenses Income Income Income Income Income Declared Earned and Adj. & Other Before /Trans to (from) H.O. Expenses Tax ,110 3,710 48,172 53,648 47,951 36,604 16,285 2,600 55,489 (7,538) 10,000 (6) 2,456 1,426 5, ,277 8,050 78,338 76,989 55,198 42,040 16,692 2,699 61,431 (6,233) 20,397 6,568 20,732 10,878 25, ,265 15, , ,233 76,540 85,279 18,742 3, ,111 (30,571) 21, (8,855) (9,997) ,483 18, , , ,438 69,082 22,877 5,987 97,946 14,492 15,360 (1,951) 27,901 17, ,491 22, , , , ,042 38,335 5, ,881 30,600 18,910 (11,024) 38,486 24,436 0 CY % NPE (5.76) CAGR Assets Liabilities & Capital Statement of Income MSA Code Jan-02 Apr-02 Jul-02 Oct-02 Panel I Jan-03 Apr-03 Jul-03 PCC999 Oct-03 Jan-04 Apr-04 Diversification Score (1-100) ABC Insurance Company Exhibit 4 Profitability and Liquidity Measures Panel II Discounted, as reported '03 Undiscounted, as reported '99-'02 Liquidity s Loss ROE Loss ROE Cash Quick Current U/W Combined U/W Combined Calendar Accident After Calendar Accident After Tax Income Pre-Tax Income Pre-Tax Year Year Tax Year Year ('03 Est.) 1999 (7,538) (6,233) (30,571) (11.9) (13.4) , , , , Yr Exhibit 5 Analysis of Reinsurance Ceded Total Reinsurance Ceded % GPW Loss s Prems Ceded by Treaty Type To Affiliated Insurers To Un-affiliated of Ceded Quota Share Surplus Excess Facultative Total Gross Ceded Total L/R Total L/R (%WP) L/R L/R L/R L/R , , , (7) Reinsurance 155, (4) (0) , Yr 525, Exhibit 6 Loss, Expense & Commission Analysis s % of NPE General & Acquisition Expense Categories % of NPW (ex. Comm.) Commission Expense % NPE Adj Gen. Tot U/W Mgmt. (excl. contingent commissions) Comm Taxes Other Salaries IT Occ. Other Total Exp Exp. Exp. Fees Prop Auto Liab Other Total (2.2) (15.0) (0.4) (0.7) (1.5) Loss/Exp/Comm (0.3) (0.5) (1.1) (1.1) (6.2) 9.4 (3.6) (0.9) Yr (0.9) Exhibit 7 NPW by Major Line % NPW Auto Pers. Prop Com. Prop Liability Surety Boiler Other Total NPW NPW NPW NPW NPW NPW NPW NPW L/R L/R L/R L/R L/R L/R L/R L/R , ,222 19, (18) 12,966 10, , , ,784 Major 26, Lines 20,690 8,933 76, , , , , , , , ,275 56,969 1, ,072 12, , , ,993 83, , , , , / / / / Yr Exhibit 8 Territorial Distribution of NPW - All Lines % NPW NFLD PEI NS NB QC ON MB SK AB BC Total , , , Geographic Dist. 146, , CY NLR (27.4) CAGR Exhibit 9 Analysis of Direct Auto Writings (DPW in millions) NFLD PEI NS NB QC ON MB SK AB BC YT/NT/NU Out Total DPW DPW DPW DPW DPW DPW DPW DPW DPW DPW DPW DLR DPW DPW (0.0) (0.1) Prov Auto Dist / / Yr Diversification Score (1-10) Divers. Score ABC Insurance Company Exhibit 10 Analysis of Investments Bonds & Term Real Estate & Mortgages Pref Shares Common Total Deposits > 1 Yr Other Unrec. Gain Book Market Book Market Book Market Book Market Book Market Book Market (Loss) Value Value Value Value Value Value Value Value Value Value Value Value Key Information Profitability/Liquidity Investments Non Inv BV Pref Bonds Shares , , , ,296 14, , , , , ,941 0 CY % Tot Exhibit 11 Analysis of Outstanding Loss Provisions Unpaid Claims % NPE Provisions Adequacy of Claim Provisions - Margin (Deficiency) Auto Auto Auto All Total Total Auto Auto Auto All Prop Liab Boiler Total Prop Liab Boiler Total Liab PA Oth. Other IBNR Case Liab PA Oth. Other UPC/Adequacy (229) , ,140 5-Yr Exhibit 12 Analysis of Adjustment Expenses % NPE Mgmt. Prof Internal External Total Internal External Total IT Occ. Other Total Fees Fees ,203 6, (0.4) ,377 1,472 2, Adj Expenses 2.8 (0.2) (0.7) ,457 9,023 11, (0.5) ,832 1,277 4, (0.6) ,964 15,675 21, Yr 13,325 33,650 46, (0.3) Exhibit 13 Claim Runoff Exhibits Accident Discounted (excluding investment income) Undiscounted Years Developed Through Developed Through & prior 141, % 14.2% 12.8% 13.9% 13.8% 1999 & prior 113, % 12.0% 13.9% 11.4% 2000 & prior Run-off 115, % 2.4% 0.5% 2001 & prior 131, % -0.1% 136, % 3.6% 2002 & prior 137, % 137, % 2003 & prior Exhibit 14 Accident-Year Exhibits Paid Case IBNR Dev (right axis) 1999 Accident-Year 2000 Accident-Year 2001 Accident-Year 2002 Accident-Year 2003 Accident-Year Discounted (ex. Inv inc.) Undiscounted Accident-Year NA NA NAExhibits Panel III % Vested 8 To find out more, please call our office to arrange a free on-site or web-based demonstration. (416)

16 The MSA Benchmark Report, P&C The MSA Benchmark Report is a powerful benchmarking tool, providing extensive comparative statistical information and analysis on forty-three industry composites (e.g. Top-five groups, large writers, commercial lines writers, group/affinity writers, reinsurers and many more). Composite data is presented in the same format as the individual company reports contained in the MSA Report, providing for straightforward comparability. Key Benefits: Five years of information; Easy to access financial information on every industry sector; The insurers that are included in each composite are explicitly listed; Detailed exhibit explanations; Format identical to that of the MSA Report. Primary Uses: Reference; Benchmarking & peer group analysis; Market analysis; Performance analysis; Policymaking. Additional information: Call, or go to msaresearch.com Available Electronically: See MSA Researcher P&C. Due to be released: Second Quarter Check website or call for more details. Primary Users: Insurers & reinsurers; Reinsurance brokers; Financial analysts; Investment bankers; Claims service providers; Foreign parents; External auditors; Actuaries; Governments; Regulators. Composites Included in the MSA Benchmark Report:* Industry-Wide Benchmarks 1. Total Canadian P&C Industry 2. Total Canadian P&C Industry (Inc. Lloyd s Ex ICBC) 3. Total Canadian P&C Industry (Ex Lloyd s) 4. Total Canadian P&C Industry (Ex ICBC, Ex Lloyd s) License Type Benchmarks 5. Total Federal Companies (Ex Lloyd s) 6. Total Provincially Licensed (Ex ICBC) 7. Canadian Domiciled Insurers 8. Canadian Domiciled Insurers (Ex ICBC) 9. Foreign Branches (Ex Lloyd s) Incorporation Categories 10. Mutual Companies 11. Stock Companies Distribution Categories 12. Broker Writers (Ex Lloyd s) 13. Broker Writers (Ex ICBC and Lloyd s) 14. Agency and Direct Writers Primary/Reins. Splits 15. Primary Companies 16. Primary Companies (Ex ICBC) 17. Reinsurers Ownership Categories 18. Canadian Owned Companies 19. Canadian Owned Companies (Ex ICBC) 20. US Owned Companies 21. European Owned Companies 22. Other Foreign Owned Companies Group Size Categories 23. Top Ten Groups DPW Basis (Ex ICBC) 24. Top Five Groups 25. Large Insurers or Groups (Ex Top Five) 26. Mid Sized Insurers or Groups 27. Small Insurers or Groups Legal Entity Size 28. Large Writers Ex Lloyd s & ICBC (legal entity basis) 29. Medium Sized Writers (legal entity basis) 30. Small Writers (legal entity basis) Line of Business Specializations 31. Personal and Multi-Line Writers 32. Personal and Multi-Line Writers (Ex ICBC) 33. Commercial Lines Predominating plus Lloyd s 34. Commercial Lines Predominating 35. Auto Writers 36. Auto Writers (Ex ICBC) 37. Non-Standard Auto and Trucking Writers 38. Group or Affinity Writers Regional Specializations 39. Ontario Predominating 40. Quebec Predominating 41. Atlantic Predominating 42. Western Predominating 43. Western Predominating (Ex ICBC) * Subject to change To find out more, please call our office to arrange a free on-site or web-based demonstration. (416)

17 The MSA Market Share Report, P&C The MSA Market Share Report provides valuable market share and ranking information for every line of business in every province over a five year period. The report is produced on a consolidated group basis. Key Features: Market shares and rankings over five years for every line of business in every province. Companies ranked on a consolidated group basis. Up/Down arrows quickly identify changes in rankings from prior year. MSA industry benchmark categories are also ranked. Primary Uses: Easily identify your market positions and those of your competitors. Quickly analyze potential markets. Review top players and their performance in any market segment. Primary Users: Insurers, reinsurers, regulators, analysts, investment bankers, brokers. Additional information: Call, or go to msaresearch.com Due to be released: Second Quarter. Check website or call for more details. Five year market shares and rankings for every line of business in every province. Cumulative market shares allow you to see how concentrated the market is. Premium volumes and direct loss ratios displayed for easy reference. Rankings and market shares for three industry benchmark categories: Company size Distribution and Ownership Type Companies ranked on a consolidated group basis. Up/Down arrows indicate ranking changes from prior year. 10 To find out more, please call our office to arrange a free on-site or web-based demonstration. (416)

18 MSA Quarterly P&C Outlook Report MSA, Canada s leading provider of insurance analytics, produces a quarterly analytical Outlook report covering the Canadian P&C Industry. Each issue contains insightful, thought-provoking research pieces covering various aspects of the industry. In addition to the articles, each issue also contains updated summary financial results for Canada s insurers and updated S&P FSR s all of which we re certain that you will find of great interest. Our Readers This report is subscribed to by approximately 1,400 industry professionals including most Canadian insurance/reinsurance executives, commercial brokers, retail brokers, adjusters, regulators, associations, auditors, analysts & TPA s. All TIC member brokers courtesy of Lloyd s. Interested in sponsoring these reports to other industry groups? If so, please contact us. Recent Issue Articles Includes Ratings Not yet a subscriber? Contact us to obtain a free sample report. For more recent issues, please check Q3:-2012 Q2:-2012 Q1:-2012 Q4:-2011 Q3:-2011 Q Q When the Music Stops Broker M&A Activity; Analysis of P&C Policy Acquisition Expenses The Hitchhiker s Guide to the Expanding Galaxy of Corporate Governance and Risk Management Expectations; Will that be a Branch or a Sub, Ma am? P&C Insurance Capital Rules The Times They Are A-Changin ; Do UC what IC? RSA s Acquisition of Union Canadienne; Intact s Quebec Impact Year-end 2011 A better year if you ignore the CATs; Alberta A dangerous land for property writers; Ontario Auto Far from calm Traction Still Proving Elusive; ON Auto - Under Review; An Analysis of Revisions to the MCT Neither Moribund nor Turnaround; Reinsurers - Taking it on the Chin; Key Principles for a CDN ILS Regime A Tale of Two Markets; Intact Takes a Commanding Position; Personal Lines in Atlantic Canada MSA Researcher P&C site-license subscribers receive Thirty free subscriptions to the MSA Quarterly Outlook Report. To find out more, please call our office to arrange a free on-site or web-based demonstration. (416)

19 How do YOU manage cat risk?

20 Wednesday, May 22 nd, The Metro Toronto Convention Centre The CIFF is an intensive one-day financial conference focused on the critical issues affecting actuarial, accounting, finance, analysis and investment professionals in the Canadian P&C insurance industry. The challenges facing finance professionals in the industry continue to be daunting. Our mission is to provide you with the tools, knowledge and contacts to take these challenges on with confidence. Graham Segger Conference M.C. Keynote Lunch Speaker Dr. Mark DeVolder, The Transition Specialist Surviving and Thriving during Extreme Change Sessions and speakers include: Review of Industry Results and Outlook Joel Baker (MSA Research) Principles Versus Rules - The Changing Face of Governance Moderator: Alodie Brew (PwC); Panelists: Robert McDowell (Fasken Martineau), Susan Meltzer (Aviva Canada), Philipe Sarrazin (OSFI) Actuarial Perspectives on the Changing Face of Governance Moderator: Claudette Cantin (Munich Re of Canada); Panelists: Jacque Friedland (KPMG), Jim Christie (Vice-Chair of the Actuarial Standards Board) The Big Chill Competition /Anti-Trust Law Considerations in the Insurance Industry Jordan S. Solway (Munich Reinsurance Company of Canada); Panelists: Matthew Boswell (Competition Bureau of Canada) and Chris Hersh (Cassels Brock & Blackwell LLP) A View from the Bridge - Tax Icebergs Moderator: Steve Lee (Ernst & Young LLP); Panelists: Hemant Tilak (Osler) and Michael Firth (PwC) Incorporating Risk Management Techniques into the Investment Process Moderator: Peter Kinch (Ernst & Young LLP); Panelists: Dr. Andrew Aziz (Algorithmics/ IBM) and Jim Falle (Aviva Canada) Insurance Accounting Update What s New for and Beyond Moderator: Doug Gray (Deloitte); Panelists: Ken Anderson (Intact Financial Corporation), Barb Addie (Baron Insurance Services), Chantal Leclerc (Deloitte) CFO Panel - Awakening the Sleeping Giants Moderator: Graham Segger; Panelists: Michael Brisebois (TD Insurance), Craig Pinnock (Northbridge Financial), Shawn Doherty (Facility Association) For more information visit or contact Laura Viau at laura.viau@msaresearch.com. Platinum Sponsors Gold Sponsors CIFF sessions are accredited by RIBO, visit for more information.

21 PROTECT YOUR ASSETS. REDUCE YOUR RISK. Cargo and heavy equipment theft costs businesses billions of dollars every year. Take advantage of two services designed to protect you and your policyholders from loss. The cargo theft prevention and recovery network Cargo helps prevent cargo theft and increases recovery rates for stolen goods. Helps law enforcement react quickly to thefts Facilitates communication between theft victims and law enforcement Gives you analytical reports to plan against theft Provides driver education and training Offers 24-hour support for clients and law enforcement Visit to learn more. National Equipment Register NER manages a custom-designed database that compiles detailed equipment theft and ownership records. Manages an international equipment register Helps law enforcement fight theft Provides used equipment history and heavy equipment theft reports Offers no-monthly-fee global asset tracking and monitoring Makes it easier to recover stolen or lost equipment Visit to learn more. For more information about our services in Canada, please contact Joel Baker at or joel.baker@msaresearch.com. 545 Washington Boulevard Jersey City, NJ Verisk Crime Analytics, Inc.,. Verisk Analytics and the Verisk Analytics logo are registered trademarks and Verisk, Verisk Insurance Solutions, and the Verisk Insurance Solutions logo are trademarks of Insurance Services Office, Inc. Cargo, the Cargo logo, National Equipment Register, NER, and the NER logo are registered trademarks of Verisk Crime Analytics, Inc. All other product or corporate names are trademarks or registered trademarks of their respective companies. z13030 (2/13)

22 September 22 - September 24, - Hilton Lac-Leamy, Gatineau, Quebec Register Now! 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: The View from OSFI Julie Dickson, Superintendent of Financial Institutions, OSFI A Broader Solution to Canadian EQ Preparedness Moderator: Mary-Lou O Reilly (IBC); Amanda Lang Conference M.C. Speakers: Petra Nemcova (Happy Hearts Fund); Gregor Robinson (IBC); Professor Peter Gordon (University of Southern California); Ross Stein (USGS/Global Earthquake Model) Keynote Luncheon Speaker: Preparing for an Earthquake - Leading Through Partnership Don Forgeron, President & CEO, IBC Global Reinsurance Panel Moderator: Bill Eyre (Towers Watson); Panelists: Ulrich Wallin (Hannover Re); Jacques Bonneau (ACE Tempest Re Group); Dominic J. Addesso (Everest Reinsurance Company) New Policy/Treaty Wordings - Pitfalls and Opportunities Mark Lichty (Blaney McMurtry); John F. Cairns (Chubb Canada); Stuart S. Carruthers (Stikeman Elliott) Prairie Storms: Thunderstorms, Tornadoes, Flooding and Blizzards. What the Hail is Going On? Moderator: Paul Kovacs (Insurance Institute for Catastrophic Loss Reduction); Panelists: Patrick McCarthy (Meteorological Service of Canada); Tanya Brown (US Insurance Institute for Business & Home Safety) Global Economic Outlook Dr. Kurt Karl, Chief Economist, Head of Swiss Re Economic Research & Consulting, Swiss Re The Future of Auto Insurance Amid Tech Advancements Moderator: Jamie Rodgers (CGI); Panelists: Robyn Robertson (Traffic Injury Research Foundation - TIRF); Dr. Peter Burns (Transport Canada); Donald Light (Celent); Michel Laurin (Industrial Alliance General Auto and Home Insurance Inc.) Getting a Handle on Supply Chain Risks Moderator: Kelly Marchese (Deloitte); Panelists: Matthew Yeshin (Marsh Canada); Is Time for Flood Insurance in Canada Nigh? - A Debate Moderator: Alain Thibault; On the No side: Guy Vézina (TD Insurance); On the Yes side: Kathy Bardswick (The Co-operators Group Limited) Where s the Action in Class Actions? A No Holds Barred Debate Moderator: Amanda Lang; Won Kim (Kim Orr Barristers) vs Robert W. Staley (Bennett Jones) Closing Keynote Luncheon Speaker: The New Economic Challenges Facing Quebec and Canada The Honourable Jean Charest, 29th Premier of Quebec & Former Deputy Prime Minister of Canada For more information visit or contact Laura Viau at laura.viau@msaresearch.com. NICC sessions are accredited by RIBO, visit for more information. Platinum Sponsors Gold Sponsors Silver Sponsors