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Superintendent's Report 2014

 

Table of Contents

Superintendent's Report on Insurance 2014

The following information was obtained from the annual filings and, in the case of federally registered insurers, from the Office of the Superintendent of Financial Institutions. While every effort has been made to ensure the accuracy of this report, decisions should not be made solely on the information contained in it. Other sources should also be consulted. Any material changes to this information will be reported to the Minister of Finance and published in The Ontario Gazette.

The information is organized by type of insurer, and insurers are listed alphabetically within each group.

 

Letter to Minister of Finance

The Honourable Charles Sousa
Minister of Finance
7 Queen’s Park Crescent
Toronto ON M7A 1Y7

Dear Minister:

I am pleased to present the 136th annual report under Section 36 of the Insurance Act for the year ended December 31, 2014. Prior to the creation of the Financial Services Commission of Ontario, this report was issued by the Superintendent of Insurance.

In addition to the information contained in this report, a listing of all licensed insurers is published each July in The Ontario Gazette. This list contains the names of the insurers, their addresses, telephone numbers, chief agents, and the classes for which they are licensed. During the year, information concerning newly licensed insurers and changes to existing licences is also published in Bulletins issued by the Financial Services Commission of Ontario. Any broker or member of the public can verify whether a particular insurer is licensed by calling our offices at 416-250-7250 or checking our website at— www.fsco.gov.on.ca.

News releases and warning notices containing other information of public interest are made throughout the year. These announcements effectively reach a large number of Ontario residents. Information is also supplied to industry trade associations for inclusion in their publications to reach more specialized audiences. The Financial Services Commission of Ontario issues Bulletins as required to provide information to insurers and other individuals interested in the insurance industry.

Yours sincerely,

Approved by:

Signature of Brian Mills, Chief Executive Officer and Superintendent of Financial Services, Financial Services Commission of Ontario


Brian Mills
Chief Executive Officer and Superintendent of Financial Services

 

Summary Financial Information

SUMMARY OF COMPANIES LICENCED BY TYPE OF BUSINESS ACTIVITY
as of December 31, 2014, and December 31, 2013

Analysis of 2014 total  

Business Type Total 2013 Additions Withdrawals Total 2014 Ontario Extra Provincial Federal
Property & Casualty Companies 210 1 10 201 49 16 136
Life Insurance Companies 72 0 5 67 0 13 54
Reinsurance Companies 35 2 2 35 2 1 32
Reciprocal Exchanges 11 0 0 11 7 3 1
Fraternal Societies 15 0 0 15 2 0 13
Totals 343 3 17 329 60 33 236

Notes:

1. Companies writing both property & casualty and life business are listed under Life in the above summary. Their financial performance is shown separately by business type in the following report.

2. Branch operations are included in the Federal totals.

3. The Superintendent’s Report 2014 records figures as of the end of the calendar year (December 31, 2014), based on the companies’ annual filings. The Financial Services Commission of Ontario Annual Report 2014-15 records figures as of the end of the fiscal year (March 31, 2015).

 

Insurer Statistics

TO GAUGE THE LEVEL OF COMPETITION, FSCO calculates how many companies represent 80 percent of the market for key products. These figures are based on individual companies rather than groups of affiliated companies.

2014 Property and Casualty Insurers
Number of Companies Representing 80% of Ontario market share

2014 Property and Casualty Insurers: Number of Companies Representing 80% of Ontario market share

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2014 Life Insurers
Number of Companies Representing 80% of the Ontario market share

2013 Life Insurers: Number of Companies Representing 80% of Ontario market share

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Premium Statistics

INSURANCE IS A $43 BILLION BUSINESS in Ontario. In 2014, of the the total premium dollar volume, 51.3 percent went to the property and casualty (including automobile) insurance industry and 47.9 percent went to the life insurance industry.

2014 Direct Premium Volume in Ontario

2013 Direct Premium Volume in Ontario

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Property and casualty insurers received $22.3 billion in premiums in 2014. The split among automobile, property and liability insurance remained constant compared to 2013.

 

2014 Property & Casualty Companies
Direct Written Premiums in Ontario by Line

2014 Property & Casualty Companies Direct Written Premiums in Ontario By Line

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The broad pattern among life insurance companies likewise remained constant. Of the $20.8 billion spent on ppremiums to the life insurers, 14 percent went to buy annuities, 42 percent to purchase individual and group life coverage and 44 percent to obtain accident and sickness insurance.

 

2014 Life Insurance Companies
Direct Written Premiums in Ontario

2014 Life Insurance Companies Direct Written Premiums in Ontario

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Property & Casualty Insurance Companies

<
  ONTARIO BUSINESS TOTAL COMPANY
FINANCIAL SUMMARY
Year ended
December 31, 2014

(in thousands)
Direct Written Premiums

$
Direct Claims Incurred

$
Total Assets

$
Total
Liabilities

$
Excess of Assets Over Liabilities

$
Claims Incurred to Earned premium

%
Net Income/ (Loss)

$
ONTARIO
ALGOMA MUTUAL INSURANCE COMPANY 8,916 4,993 20,788 13,941 6,847 54% 517
AMHERST ISLAND MUTUAL INSURANCE COMPANY 939 197 3,276 824 2,452 23% 268
AYR FARMERS’ MUTUAL INSURANCE COMPANY 24,496 16,533 79,539 34,706 44,833 60% 3,554
BAY OF QUINTE MUTUAL INSURANCE CO. 22,878 10,538 55,648 22,723 32,925 52% 3,494
BERTIE AND CLINTON MUTUAL INSURANCE COMPANY 12,650 6,341 70,811 31,860 38,951 39% 3,180
BRANT MUTUAL INSURANCE COMPANY 6,075 3,414 16,884 9,964 6,920 58% -32
CAA INSURANCE COMPANY (ONTARIO) 170,296 104,043 505,271 371,909 133,362 62% 11,229
CARADOC DELAWARE MUTUAL FIRE INSURANCE COMPANY 2,019 1,313 9,352 2,025 7,327 50% 382
CAYUGA MUTUAL INSURANCE COMPANY 8,842 2,227 28,665 11,957 16,708 46% 1,518
COACHMAN INSURANCE COMPANY 58,251 34,565 226,689 162,106 64,583 64% 8,435
DUFFERIN MUTUAL INSURANCE COMPANY 5,628 -293 19,354 12,355 6,999 29% 590
DUMFRIES MUTUAL INSURANCE COMPANY 13,772 11,541 59,651 26,922 32,729 63% 2,905
ERIE MUTUAL FIRE INSURANCE COMPANY 6,169 5,259 25,527 7,919 17,608 59% 1,217
FENCHURCH GENERAL INSURANCE COMPANY 10,425 7,227 26,248 21,328 4,920 56% -843
GERMANIA MUTUAL INSURANCE COMPANY 18,003 12,380 48,321 26,410 21,911 55% 1,874
GRENVILLE MUTUAL INSURANCE COMPANY 21,299 11,819 67,722 29,265 38,457 56% 1,807
HALWELL MUTUAL INSURANCE COMPANY 17,496 9,777 60,504 32,319 28,185 57% 1,543
HAMILTON TOWNSHIP MUTUAL INSURANCE COMPANY 22,394 11,516 72,129 45,131 26,998 51% 2,725
HAY MUTUAL INSURANCE COMPANY 9,246 3,252 47,532 14,396 33,136 48% 1,771
HOWARD MUTUAL INSURANCE COMPANY 10,611 5,721 49,118 17,803 31,315 60% 2,061
HOWICK MUTUAL INSURANCE COMPANY 17,859 11,826 39,888 24,774 15,114 65% 976
KENT & ESSEX MUTUAL INSURANCE COMPANY 25,396 15,385 85,797 42,168 43,629 64% 3,396
L&A MUTUAL INSURANCE COMPANY 9,136 9,256 20,754 13,424 7,330 73% 193
LAMBTON MUTUAL INSURANCE COMPANY 18,974 7,832 65,265 33,391 31,874 63% 2,991
LAWYERS’ PROFESSIONAL INDEMNITY COMPANY 121,945 104,656 681,909 473,284 208,625 87% 17,060
MARKHAM GENERAL INSURANCE COMPANY (IN LIQUIDATION)1 0 0 0 0 0 n/a 0
MAX CANADA INSURANCE COMPANY 5,001 1,868 24,215 16,972 7,243 56% 465
MCKILLOP MUTUAL INSURANCE COMPANY 8,901 3,366 24,950 10,917 14,033 40% 2,052
MIDDLESEX MUTUAL INSURANCE CO. 10,275 4,854 44,038 20,723 23,315 45% 3,123
NORFOLK MUTUAL INSURANCE COMPANY 7,181 2,850 21,516 9,443 12,073 44% 1,085
NORTH BLENHEIM MUTUAL INSURANCE COMPANY 9,345 5,425 30,350 11,134 19,216 54% 953
NORTH KENT MUTUAL FIRE INSURANCE COMPANY 7,900 2,264 35,517 12,976 22,541 45% 1,764
OXFORD MUTUAL INSURANCE COMPANY 11,224 4,610 31,752 13,926 17,826 49% 1,925
PEEL MARYBOROUGH MUTUAL INSURANCE COMPANY 22,062 20,934 69,509 46,701 22,808 64% 784
PEEL MUTUAL INSURANCE COMPANY 38,808 27,976 118,054 75,704 42,350 57% 5,538
PRO-DEMNITY INSURANCE COMPANY 20,573 7,842 86,195 58,516 27,679 67% 748
SOUTH EASTHOPE MUTUAL INSURANCE COMPANY 14,653 5,301 58,170 25,479 32,691 47% 3,874
THE COMMONWELL MUTUAL INSURANCE GROUP2 126,539 78,696 393,339 211,520 181,819 63% 12,831
THE WEST WAWANOSH MUTUAL INSURANCE COMPANY 15,388 5,774 49,815 22,384 27,431 44% 2,855
THE WESTMINSTER MUTUAL INSURANCE COMPANY 8,758 5,327 21,492 13,297 8,195 76% 145
TOWN & COUNTRY MUTUAL INSURANCE COMPANY 12,089 7,756 43,299 24,448 18,851 68% 1,240
TOWNSEND FARMERS’ MUTUAL FIRE INSURANCE COMPANY 7,736 5,090 21,827 11,848 9,979 70% 311
TRADITION MUTUAL INSURANCE COMPANY 13,061 3,963 42,106 20,111 21,995 42% 2,926
TRILLIUM MUTUAL INSURANCE COMPANY 40,542 25,151 106,574 55,584 50,990 67% 2,419
TTC INSURANCE COMPANY LIMITED3 0 0 158,823 158,723 100 n/a 0
USBORNE AND HIBBERT MUTUAL FIRE INSURANCE COMPANY 6,226 3,978 39,976 6,984 32,992 68% 1,012
WABISA MUTUAL INSURANCE COMPANY 7,093 4,909 24,506 15,504 9,002 57% 595
WEST ELGIN MUTUAL INSURANCE COMPANY 11,546 3,826 45,083 20,785 24,298 73% 1,493
YARMOUTH MUTUAL INSURANCE COMPANY4 8,710 9,032 24,570 13,288 11,282 86% -910
  1,057,326 652,110 3,902,318 2,359,871 1,542,447 120,039
EXTRA PROVINCIAL
ALBERTA MOTOR ASSOCIATION INSURANCE COMPANY 38 0 647,447 493,829 153,618 81% 6,668
AXA INSURANCE INC.5 0 0 0 0 0 n/a 0
BELAIR INSURANCE COMPANY INC. 70,079 34,212 1,547,444 1,276,546 270,898 65% 31,587
CANADIAN FARM INSURANCE CORP. 45 12 15,435 5,201 10,234 47% 2,112
CANASSURANCE INSURANCE COMPANY 2,004 871 150,263 135,735 14,528 51% 3,347
GMS INSURANCE INC. 8,871 5,181 24,558 13,505 11,053 60% -394
INDUSTRIAL ALLIANCE PACIFIC GENERAL INSURANCE CORPORATION 12,995 5,664 307,024 250,158 56,866 22% 9,229
LA MUTUELLE D’ÉGLISE DE L’INTER-OUEST 6 0 5,588 468 5,120 108% -189
L’UNIQUE GENERAL INSURANCE INC. 416 232 347,816 276,668 71,148 65% 7,222
MILLENNIUM INSURANCE CORPORATION 18,791 3,864 509,151 324,554 184,597 58% 31,851
OPTIMUM INSURANCE COMPANY INC. 47,910 0 224,356 166,763 57,593 55% 7,140
ORION TRAVEL INSURANCE COMPANY 28,015 10,153 53,086 32,624 20,462 56% -2,166
SGI CANADA INSURANCE SERVICES LTD. 146 34,697 429,914 295,775 134,139 66% 11,709
THE MUTUAL FIRE INSURANCE COMPANY OF BRITISH COLUMBIA 1,481 944 113,097 75,772 37,325 63% 581
TRANS GLOBAL INSURANCE COMPANY 2,743 21 9,558 3,931 5,627 1% 642
UNICA INSURANCE INC. 114,677 77,830 353,591 243,649 109,942 67% 10,638
  308,217 173,681 4,738,328 3,595,178 1,143,150 119,977
FEDERAL
ACE INA INSURANCE 130,215 117,249 1,540,662 1,176,413 364,249 82% 29,387
AIG INSURANCE COMPANY OF CANADA 372,893 81,748 4,688,647 3,204,431 1,484,216 12% 406,968
ALLSTATE INSURANCE COMPANY OF CANADA 701,603 602,448 3,096,674 2,381,234 715,440 66% 127,457
ALTA SURETY COMPAN 0 0 0 0 0 n/a 0
ARCH INSURANCE CANADA LTD. 34,151 16,343 466,300 363,733 102,567 48% 1,672
ASCENTUS INSURANCE LTD. 313 -223 8,032 4,425 3,607 -21% 161
AVIVA INSURANCE COMPANY
OF CANADA
1,583,749 1,054,714 6,822,350 5,755,167 1,067,183 68% 142,015
AXA INSURANCE (CANADA)
AXA ASSURANCES (CANADA)7
0 0 0 0 0 n/a 0
AXA PACIFIC INSURANCE COMPANY8 0 0 0 0 0 n/a 0
CANADA GUARANTY MORTGAGE INSURANCE COMPANY 90,953 4,223 1,057,627 512,057 545,570 13% 52,535
CANADIAN NORTHERN SHIELD INSURANCE COMPANY 219 2,691 394,422 304,654 89,768 62% -2,889
CERTAS DIRECT
INSURANCE COMPANY
315,043 230,755 1,368,575 1,189,127 179,448 65% 36,811
CERTAS HOME AND AUTO
INSURANCE COMPANY
537 930 51,198 22,733 28,465 38% -52,993
CHUBB INSURANCE COMPANY
OF CANADA
357,260 217,248 2,459,516 1,665,608 793,908 56% 81,019
CO-OPERATORS GENERAL INSURANCE COMPANY 818,711 675,068 5,307,815 3,816,204 1,491,611 69% 137,557
COSECO INSURANCE COMPANY 165,713 97,546 646,110 490,427 155,683 65% 35,016
CUMIS GENERAL
INSURANCE COMPANY
63,815 41,207 245,269 175,100 70,169 63% 5,588
DAS LEGAL PROTECTION
INSURANCE COMPANY LIMITED
6,807 1,642 22,638 15,962 6,676 57% -3,918
ECHELON INSURANCE 94,783 51,982 458,474 351,634 106,840 58% 11,500
ECONOMICAL MUTUAL
INSURANCE COMPANY
899,440 733,102 5,240,313 3,559,179 1,681,134 70% 84,191
ELITE INSURANCE COMPANY 90,860 20,566 849,866 735,044 114,822 68% 14,771
EVEREST INSURANCE COMPANY
OF CANADA
23,425 12,057 152,761 99,922 52,839 104% -2,551
FCT INSURANCE COMPANY LTD. 75,813 26,914 225,438 157,085 68,353 31% 11,081
FEDERATED INSURANCE COMPANY
OF CANADA
76,643 42,129 502,041 342,545 159,496 59% 29,153
FEDERATION INSURANCE COMPANY
OF CANADA
358 -721 505,689 366,041 139,648 70% 6,948
FIRST NORTH AMERICAN
INSURANCE COMPANY
3,462 807 11,226 4,136 7,090 19% 674
GENWORTH FINANCIAL MORTGAGE INSURANCE COMPANY CANADA 246,561 16,617 5,627,292 2,102,188 3,525,104 20% 401,248
GORE MUTUAL INSURANCE COMPANY 289,606 176,202 899,214 632,166 267,048 63% 32,558
GRANITE INSURANCE COMPANY9 0 0 0 0 0 n/a 0
INTACT INSURANCE COMPANY 2,249,934 1,405,118 15,875,246 11,791,477 4,083,769 65% 477,574
INTERNATIONAL INSURANCE COMPANY OF HANNOVER SE 15,448 6,778 81,654 67,482 14,172 96% -141
JEVCO INSURANCE COMPANY 69,545 40,886 1,310,512 1,086,835 223,677 65% 34,259
LEGACY GENERAL
INSURANCE COMPANY
5,582 1,255 18,498 -749 19,247 28% 2,023
MIC INSURANCE COMPANY CANADA10 0 -1 39,424 1,095 38,329 0% 1,669
NORTHBRIDGE COMMERCIAL INSURANCE CORPORATION 66,613 65,098 617,355 449,599 167,756 103% 1,322
NORTHBRIDGE GENERAL
INSURANCE CORPORATION
200,233 218,588 3,921,623 2,740,765 1,180,858 54% 248,326
NORTHBRIDGE PERSONAL
INSURANCE CORPORATION
111,417 81,115 832,661 577,383 255,278 60% 34,068
NOVEX INSURANCE COMPANY 184,745 134,820 1,251,809 1,035,143 216,666 65% 29,805
OLD REPUBLIC INSURANCE
COMPANY OF CANADA
60,817 39,951 246,011 186,241 59,770 67% 5,477
OMEGA GENERAL
INSURANCE COMPANY
11,705 7,222 36,299 25,769 10,530 56% 64
PAFCO INSURANCE COMPANY 67,499 35,950 265,388 202,501 62,887 53% 20,986
PEMBRIDGE INSURANCE COMPANY 181,378 119,972 582,070 433,261 148,809 72% 6,468
PERTH INSURANCE COMPANY 99,905 55,809 466,175 385,189 80,986 70% 3,958
PILOT INSURANCE COMPANY -20 819 472,068 417,535 54,533 68% 7,354
PRIMMUM INSURANCE COMPANY 306,316 268,659 2,199,894 1,912,916 286,978 85% -15,428
QUEBEC ASSURANCE COMPANY 0 0 127,283 96,730 30,553 59% 3,491
RBC GENERAL INSURANCE COMPANY 590,317 360,311 1,577,728 1,259,841 317,887 71% 32,104
RBC INSURANCE COMPANY
OF CANADA
84,076 65,408 381,653 240,093 141,560 51% 33,215
ROYAL & SUN ALLIANCE
INSURANCE COMPANY OF CANADA
552,495 204,228 4,593,202 3,617,972 975,230 59% 155,599
S & Y INSURANCE COMPANY -7 -2,481 211,997 190,901 21,096 68% 3,270
SAFETY NATIONAL CASUALTY CORPORATION 0 -661 52,909 28,188 24,721 n/a -707
SCOTIA GENERAL
INSURANCE COMPANY
0 0 7,162 56 7,106 n/a -26
SCOTTISH & YORK
INSURANCE CO. LIMITED
138,580 76,924 667,841 582,830 85,011 68% 13,260
SECURITY NATIONAL
INSURANCE COMPANY
1,056,442 1,540,620 7,718,927 6,342,089 1,376,838 84% 133,088
TD DIRECT INSURANCE INC.11 0 0 16,069 77 15,992 n/a 298
TD GENERAL INSURANCE COMPANY 109,305 98,163 953,642 801,011 152,631 75% 28,978
TD HOME AND AUTO
INSURANCE COMPANY
338,397 310,256 1,679,602 1,451,533 228,069 83% 24,616
TEMPLE INSURANCE COMPANY 62,193 33,410 872,661 726,993 145,668 63% 10,347
THE BOILER INSPECTION AND INSURANCE COMPANY OF CANADA 12,644 3,826 213,197 133,805 79,392 30% 20,053
THE DOMINION OF CANADA
GENERAL INSURANCE COMPANY
912,161 644,261 3,570,526 2,711,701 858,825 72% 17,867
THE GUARANTEE COMPANY
OF NORTH AMERICA
243,276 165,497 1,396,893 905,030 491,863 63% 3,722
THE MISSISQUOI
INSURANCE COMPANY
63 -51 506,339 365,705 140,634 70% 7,069
THE NORDIC INSURANCE
COMPANY OF CANADA
352,794 268,292 1,684,266 1,491,328 192,938 65% 34,473
THE NORTH WATERLOO FARMERS MUTUAL INSURANCE COMPANY 93,853 62,776 200,015 139,037 60,978 66% 1,434
THE PERSONAL
INSURANCE COMPANY
517,185 410,411 2,403,301 2,055,236 348,065 69% 49,773
THE PORTAGE LA PRAIRIE
MUTUAL INSURANCE COMPANY
46,896 42,537 446,485 323,541 122,944 76% -6,326
THE SOVEREIGN GENERAL
INSURANCE COMPANY
88,104 49,365 792,510 547,399 245,111 61% 19,834
THE WAWANESA MUTUAL
INSURANCE COMPANY
596,572 471,390 7,657,801 4,681,431 2,976,370 80% 160,713
TRADERS GENERAL
INSURANCE COMPANY
271,910 165,065 1,296,671 1,112,174 184,497 68% 23,239
TRAFALGAR INSURANCE
COMPANY OF CANADA
157,569 99,887 1,005,900 812,144 193,756 65% 32,340
TRAVELERS INSURANCE
COMPANY OF CANADA
81,070 33,905 936,816 469,106 467,710 33% 25,691
TRISURA GUARANTEE
INSURANCE COMPANY
38,616 9,313 188,672 128,004 60,668 17% 8,206
UNIFUND ASSURANCE COMPANY 504,863 390,209 2,204,924 1,799,239 405,685 85% -41,761
WATERLOO INSURANCE COMPANY 119,852 76,687 466,805 384,172 82,633 70% 3,946
WESTERN ASSURANCE COMPANY 156,789 100,685 896,427 753,210 143,217 59% 16,552
WESTERN FINANCIAL
INSURANCE COMPANY
21,570 13,176 50,233 33,533 16,700 57% 1,808
WESTERN SURETY COMPANY 3,166 419 59,601 37,007 22,594 16% 1,176
WYNWARD INSURANCE GROUP 18,656 10,069 142,222 102,765 39,457 62% 6,822
ZENITH INSURANCE COMPANY 53,187 11,928 249,302 174,300 75,002 36% 20,856
  17,296,644 12,421,108 116,094,418 85,237,838 30,856,580   3,288,763
BRANCH
AFFILIATED FM INSURANCE COMPANY 32,868 16,244 302,387 171,196 131,191 84% -386
ALLIANZ GLOBAL RISKS US INSURANCE COMPANY 107,585 167,999 1,189,455 904,386 285,069 79% 5,134
ALLIED WORLD SPECIALTY INSURANCE COMPANY12 3,508 1,430 44,550 27,437 17,113 70% -5,677
ALLSTATE INSURANCE COMPANY 0 0 7,950 1,154 6,796 n/a 124
AMERICAN BANKERS INSURANCE COMPANY OF FLORIDA 168,291 41,413 536,837 373,165 163,672 44% 17,256
ASSOCIATED ELECTRIC & GAS INSURANCE SERVICES LIMITED 7,812 -11,561 326,119 231,612 94,507 213% -18,081
ATRADIUS CREDIT INSURANCE N.V. 2,469 1,560 25,149 18,470 6,679 53% -1,039
AXA ART INSURANCE CORPORATION 1,415 247 8,348 2,458 5,890 37% -185
BERKLEY INSURANCE COMPANY 22,629 22,121 243,338 160,640 82,698 80% -10,242
CHEROKEE INSURANCE COMPANY 4,301 2,705 21,642 10,030 11,612 80% 644
CHICAGO TITLE INSURANCE COMPANY 14,891 4,631 55,622 29,595 26,027 28% 4,289
COMPAGNIE FRANCAISE D’ASSURANCE POUR LE COMMERCE EXTERIEUR 9,564 10,547 71,822 29,325 42,497 56% 2,182
CONTINENTAL CASUALTY COMPANY 95,189 68,601 1,239,403 763,973 475,430 56% 48,674
COREPOINTE INSURANCE COMPANY 17 -1,702 12,971 1,609 11,362 -612% 921
ECCLESIASTICAL INSURANCE OFFICE PUBLIC LIMITED COMPANY 26,034 9,446 177,896 113,203 64,693 55% 3,926
ELECTRIC INSURANCE COMPANY 3,956 3,715 99,612 44,745 54,867 76% 721
EMPLOYERS INSURANCE COMPANY OF WAUSAU 0 -26 34,732 2,413 32,319 n/a 534
EULER HERMES NORTH AMERICA INSURANCE COMPANY 26,362 20,046 136,709 94,032 42,677 59% 2,798
FACTORY MUTUAL INSURANCE COMPANY 75,183 53,347 958,020 508,580 449,440 111% -38,954
FEDERAL INSURANCE COMPANY 568 1,090 147,533 81,176 66,357 46% 4,500
FIRST AMERICAN TITLE INSURANCE COMPANY 4,688 -271 74,336 26,227 48,109 50% 1,899
GENERAL REINSURANCE CORPORATION 0 0 363,652 200,754 162,898 -37% 45,989
GREAT AMERICAN INSURANCE COMPANY 18,474 7,497 263,162 125,402 137,760 32% 10,445
GROUPAMA S.A. 0 0 10,449 91 10,358 8350% 143
HARTFORD FIRE INSURANCE COMPANY 5,466 6,318 170,394 31,682 138,712 86% 834
HDI-GERLING INDUSTRIE VERSICHERUNG AG 12,098 5,013 169,002 126,078 42,924 80% 894
IRONSHORE INSURANCE LTD12 611 85 31,382 10,196 21,186 72% -777
JEWELERS MUTUAL INSURANCE COMPANY 4,072 2,122 14,372 4,982 9,390 48% 872
LIBERTY MUTUAL INSURANCE COMPANY 85,556 35,956 1,549,219 842,112 707,107 62% 54,699
LLOYD’S UNDERWRITERS 601,606 455,926 8,036,944 5,808,618 2,228,326 59% 603,442
MITSUI SUMITOMO INSURANCE COMPANY, LIMITED 12,408 6,465 108,076 62,830 45,246 54% 3,881
MOTORS INSURANCE CORPORATION 74,764 36,198 543,890 335,071 208,819 55% 25,115
MUNICH REINSURANCE AMERICA, INC. 0 553 216,789 103,848 112,941 60% 7,338
NATIONAL LIABILITY & FIRE INSURANCE COMPANY 4,984 9,822 400,695 147,582 253,113 -61% 16,826
PROGRESSIVE CASUALTY INSURANCE COMPANY13 0 606 9,397 3,554 5,843 -85% -502
PROTECTIVE INSURANCE COMPANY 1,435 6,074 27,405 14,650 12,755 378% -3,038
RELIANCE INSURANCE COMPANY14 0 0 0 0 0 n/a 0
SECURITY INSURANCE COMPANY OF HARTFORD 0 -154 43,774 9,820 33,954 n/a 1,056
SENTRY INSURANCE A MUTUAL COMPANY 880 493 39,917 6,081 33,836 32% 1,156
SOMPO JAPAN INSURANCE INC. 4,153 423 90,753 11,550 79,203 30% 2,510
ST. PAUL FIRE AND MARINE INSURANCE COMPANY 48,604 30,338 1,253,597 561,561 692,036 63% 22,949
STARR INSURANCE & REINSURANCE LIMITED 1,176 228 28,003 10,457 17,546 60% -489
STATE FARM FIRE AND CASUALTY COMPANY 429,852 262,886 1,487,289 701,697 785,592 61% 11,458
STATE FARM MUTUAL AUTOMOBILE INSURANCE COMPANY 1,064,046 837,839 7,233,526 5,179,232 2,054,294 82% 169,430
STEWART TITLE GUARANTY COMPANY 76,438 23,217 186,973 100,628 86,345 30% 12,514
SUNDERLAND MARINE MUTUAL INSURANCE COMPANY 535 99 58,867 44,919 13,948 71% -3,092
T.H.E. INSURANCE COMPANY 642 457 5,103 1,773 3,330 67% 285
THE AMERICAN ROAD INSURANCE COMPANY 1,990 -695 20,598 1,082 19,516 116% -1,138
THE SHIPOWNERS' MUTUAL PROTECTION AND INDEMNITY ASSOCIATION (LUXEMBOURG) 8 126 50,740 22,103 28,637 216% -4,880
TIG INSURANCE COMPANY15 0 0 16,327 68 16,259 n/a -1,212
TOKIO MARINE & NICHIDO FIRE INSURANCE CO., LTD. 16,216 6,868 136,881 69,329 67,552 47% 5,518
TRITON INSURANCE COMPANY 12,914 2,617 183,946 78,569 105,377 22% 22,464
VIRGINIA SURETY COMPANY, INC. 16,284 9,697 59,092 37,544 21,548 83% 23
WESTPORT INSURANCE CORPORATION 41,512 18,217 703,920 596,657 107,263 9% 24,196
XL INSURANCE COMPANY LIMITED 58,769 62,195 779,272 508,731 270,541 46% 20,566
XL REINSURANCE AMERICA INC. 9,186 7,389 362,950 222,819 140,131 51% 7,512
ZURICH INSURANCE COMPANY LTD 413,884 432,724 3,699,187 2,998,765 700,422 111% -137,063
  3,625,893 2,679,181 34,069,974 22,576,261 11,493,713 938,962
TOTAL 22,288,080 15,926,080 158,805,038 113,769,148 45,035,890 4,467,741

 

Life Insurance Companies

  ONTARIO BUSINESS TOTAL COMPANY
FINANCIAL SUMMARY
year ended
December 31, 2014

(in thousands)
Direct Written Premiums

$
Benefits and payments to policyholders

$
Total Assets

$
Total liabilities

$
Excess of assets over liabilities

$
Net Income / (loss)

$
EXTRA PROVINCIAL
ACADIA LIFE 29 9 205,853 161,676 44,177 7,659
ASSUMPTION MUTUAL LIFE INSURANCE COMPANY 20,807 8,505 1,526,222 1,416,384 109,838 9,483
CANASSURANCE INSURANCE COMPANY16 5,765 1,765 207,245 186,023 21,222 -2,841
DESJARDINS FINANCIAL SECURITY LIFE ASSURANCE COMPANY 682,861 536,314 30,012,146 27,746,755 2,265,391 255,674
FIRST CANADIAN INSURANCE CORPORATION 27,288 2,113 540,326 331,830 208,496 30,338
HUMANIA ASSURANCE INC. 2,107 1,406 470,224 417,671 52,553 4,912
INDUSTRIAL ALLIANCE INSURANCE AND FINANCIAL SERVICES INC. 1,158,404 870,174 47,378,158 43,457,835 3,920,323 434,383
LA CAPITALE INSURANCE AND FINANCIAL SERVICES INC. 149,912 72,385 1,156,429 1,001,229 155,200 8,767
LS-TRAVEL INSURANCE COMPANY 5,948 2,303 18,610 11,522 7,088 948
NATIONAL BANK LIFE INSURANCE COMPANY 11,258 2,537 174,003 85,674 88,329 40,220
SSQ, LIFE INSURANCE COMPANY INC. 222,234 146,713 8,937,791 8,196,476 741,315 49,684
THE UNION LIFE MUTUAL ASSURANCE COMPANY (UNION LIFE) 7,850 282 1,957,290 1,746,944 210,346 17,529
TRANS GLOBAL LIFE INSURANCE COMPANY 1,237 43 9,693 2,943 6,750 799
  2,295,700 1,644,549 92,593,990 84,762,962 7,831,028 857,555
FEDERAL
ACE INA LIFE INSURANCE 88,582 24,803 144,725 99,864 44,861 16,619
ALLSTATE LIFE INSURANCE COMPANY OF CANADA 0 0 3,786 28 3,758 8
ASSURANT LIFE OF CANADA 122,522 50,283 1,540,716 1,438,838 101,878 13,858
BMO LIFE ASSURANCE COMPANY 450,250 273,195 7,725,111 6,846,314 878,797 153,225
BMO LIFE INSURANCE COMPANY 19,458 798 681,878 146,154 535,724 26,871
CANADIAN PREMIER LIFE INSURANCE COMPANY 81,838 18,624 226,906 136,611 90,295 4,060
CIBC LIFE INSURANCE COMPANY LIMITED 21,031 6,124 86,834 -107,687 194,521 24,271
CIGNA LIFE INSURANCE COMPANY OF CANADA 0 1,339 73,463 33,746 39,717 9,118
COMPCORP LIFE INSURANCE COMPANY 0 0 10,000 629 9,371 -59
CO-OPERATORS LIFE INSURANCE COMPANY 249,512 159,659 5,760,051 4,832,222 927,829 30,440
CUMIS LIFE INSURANCE COMPANY 60,530 31,766 1,260,545 998,361 262,184 15,159
FORESTERS LIFE INSURANCE COMPANY 75,455 72,041 1,499,007 1,341,384 157,623 10,417
GIRAFFE & FRIENDS LIFE INSURANCE COMPANY 22 0 8,303 1,788 6,515 -1,979
LA CAPITALE FINANCIAL SECURITY INSURANCE COMPANY20 26,874 12,727 533,635 407,586 126,049 13,053
LONDON LIFE INSURANCE COMPANY 1,428,252 1,514,101 83,006,349 79,237,361 3,768,988 538,462
MD LIFE INSURANCE COMPANY 0 0 3,263,403 3,256,383 7,020 2,725
PRIMERICA LIFE INSURANCE COMPANY OF CANADA 137,183 53,112 3,049,469 2,707,376 342,093 50,520
RBC LIFE INSURANCE COMPANY 543,425 347,796 10,053,253 8,526,334 1,526,919 124,801
RELIABLE LIFE INSURANCE COMPANY 36,976 18,084 91,593 60,003 31,590 -1,047
SCOTIA LIFE INSURANCE COMPANY 22,181 3,694 129,959 -58,470 188,429 27,078
SUN LIFE ASSURANCE COMPANY OF CANADA 4,001,675 3,579,161 190,585,119 176,489,154 14,095,965 1,557,335
SUN LIFE INSURANCE (CANADA) LIMITED 47,821 17,309 15,676,723 14,065,963 1,610,760 144,279
TD LIFE INSURANCE COMPANY 50,704 15,906 110,059 54,198 55,861 3,250
THE CANADA LIFE ASSURANCE COMPANY 2,038,772 1,627,961 49,132,208 40,080,110 9,052,098 1,431,224
THE EMPIRE LIFE INSURANCE COMPANY 461,947 361,149 13,238,405 12,176,126 1,062,279 98,869
THE EQUITABLE LIFE INSURANCE COMPANY OF CANADA 303,309 223,957 3,306,699 2,853,262 453,437 52,361
THE GREAT-WEST LIFE ASSURANCE COMPANY 2,632,638 2,126,938 50,929,341 33,422,268 17,507,073 2,602,103
THE MANUFACTURERS LIFE INSURANCE COMPANY 4,342,994 3,933,511 162,867,076 126,320,458 36,546,618 3,657,985
THE STANDARD LIFE ASSURANCE COMPANY OF CANADA 542,488 547,981 51,474,357 49,360,281 2,114,076 248,178
THE WAWANESA LIFE INSURANCE COMPANY 26,691 21,199 1,029,992 884,023 145,969 6,392
TRANSAMERICA LIFE CANADA 270,719 216,124 10,984,584 9,620,567 1,364,017 65,125
VSP CANADA VISION CARE INSURANCE 59 70 9,514 98 9,416 -807
WESTERN LIFE ASSURANCE COMPANY 50,290 11,301 199,935 143,934 56,001 8,011
  18,134,198 15,270,713 668,692,998 575,375,267 93,317,731 10,931,905
BRANCH
AETNA LIFE INSURANCE COMPANY 73 600 69,346 12,446 56,900 2,070
ALLIANZ LIFE INSURANCE COMPANY OF NORTH AMERICA 11 68 73,108 31,879 41,229 1,165
AMERICAN BANKERS LIFE ASSURANCE COMPANY OF FLORIDA 113,580 13,690 199,449 117,091 82,358 10,963
AMERICAN HEALTH AND LIFE INSURANCE COMPANY 3,591 798 40,950 15,728 25,222 6,865
AMERICAN INCOME LIFE INSURANCE COMPANY 31,282 6,172 300,175 151,826 148,349 16,371
AXA EQUITABLE LIFE INSURANCE COMPANY 29 51 75,190 27,060 48,130 969
COMBINED INSURANCE COMPANY OF AMERICA 39,321 15,622 809,081 345,863 463,218 43,198
CONNECTICUT GENERAL LIFE INSURANCE COMPANY 2,825 1,074 140,950 101,493 39,457 4,930
GERBER LIFE INSURANCE COMPANY 1,630 281 41,144 26,454 14,690 -943
HARTFORD LIFE INSURANCE COMPANY17 0 50 9,761 3,874 5,887 -40
JACKSON NATIONAL LIFE INSURANCE COMPANY18 3 17 9,289 6,883 2,406 -625
LIBERTY LIFE ASSURANCE COMPANY OF BOSTON 485 399 15,153 3,320 11,833 -1,157
LIFE INSURANCE COMPANY OF NORTH AMERICA 4,118 4,116 59,922 28,606 31,316 -614
METROPOLITAN LIFE INSURANCE COMPANY19 0 0 106,137 89 106,048 581
NEW YORK LIFE INSURANCE COMPANY 33,115 27,438 443,515 131,480 312,035 26,575
PAVONIA LIFE INSURANCE COMPANY OF MICHIGAN 5,087 1,208 72,589 28,647 43,942 9,012
PHOENIX LIFE INSURANCE COMPANY 0 0 2,737 385 2,352 -41
PRINCIPAL LIFE INSURANCE COMPANY 30 300 10,619 9,354 1,265 -1,677
STANDARD LIFE ASSURANCE LIMITED 20,061 25,299 1,742,206 1,735,688 6,518 62
STATE FARM INTERNATIONAL LIFE INSURANCE COMPANY LTD 121,058 73,268 1,601,276 1,270,182 331,094 -22,694
UNITED AMERICAN INSURANCE COMPANY 162 82 13,879 4,011 9,868 446
  376,461 170,533 5,836,476 4,052,359 1,784,117 95,416
TOTAL 20,806,359 17,085,795 767,123,464 664,190,588 102,932,876 11,884,876

 

Reinsurance Companies

  ONTARIO BUSINESS TOTAL COMPANY
FINANCIAL SUMMARY
year ended December 31, 2014

(in thousands)
Premiums Assumed

$
Net Losses Incurred

$
Total Assets

$
Total Liabilities

$
Excess of assets over liabilities

$
Claims incurred to earned premium

%
Net Income/ (loss)

$
This table lists only those companies which are licensed solely for the business of reinsurance
ONTARIO
FARM MUTUAL REINSURANCE PLAN INC. 116,685 62,314 806,726 474,572 332,154 69% 49,350
GLOBAL REINSURANCE COMPANY 32 1,914 26,685 21,019 5,666 14322% -2,547
  16,717 64,228 833,411 495,591 337,820 46,803
EXTRA PROVINCIAL
OPTIMUM REASSURANCE INC. 58,246 7,633 2,403,084 2,322,847 80,237 n/a 10,059
FEDERAL
ARCH REINSURANCE COMPANY20 0 0 0 0 0 n/a 0
ASPEN INSURANCE UK LIMITED 13,153 -44,249 475,336 275,955 199,381 106% -2,711
AURIGEN REINSURANCE COMPANY 42,271 17,213 234,173 169,892 64,281 n/a -3,702
MUNICH REINSURANCE COMPANY
OF CANADA
88,019 42,272 1,242,671 954,427 288,244 52% 54,310
PARTNER REINSURANCE COMPANY
OF THE U.S.
21,906 7,868 574,281 354,420 219,861 40% 42,612
RGA LIFE REINSURANCE COMPANY
OF CANADA
370,295 52,088 7,313,513 6,250,027 1,063,486 n/a 248,532
SCOR CANADA REINSURANCE COMPANY 37,053 32,381 619,856 463,900 155,956 59% 23,598
SUECIA REINSURANCE COMPANY -38 -53 9,096 3,667 5,429 139% -237
THE CANADA LIFE INSURANCE COMPANY OF CANADA 651,240 398,121 11,907,769 10,978,257 929,512 n/a 48,491
THE MORTGAGE INSURANCE COMPANY OF CANADA 0 12 14,329 350 13,979 16% -51
  1,223,899 505,653 22,391,024 19,450,895 2,940,129 410,842
BRANCH
ALEA (BERMUDA) LTD. 4 -164 21,319 5,967 15,352 -6504% 3,827
AMERICAN AGRICULTURAL INSURANCE COMPANY 14,909 3,822 86,597 33,919 52,678 42% 6,060
AXIS REINSURANCE COMPANY 7,508 13,521 283,728 231,750 51,978 63% 974
BRITISH INSURANCE COMPANY OF CAYMAN 34,327 29,775 398,930 207,893 191,037 n/a -13,192
CAISSE CENTRALE DE RÉASSURANCE 17,326 6,736 242,478 166,919 75,559 49% 15,194
COLISEE RE. 0 3,327 121,789 63,785 58,004 10572% -4,397
EMPLOYERS REASSURANCE CORPORATION 73,171 97,299 791,726 -167,208 958,934 n/a 70,118
EVEREST REINSURANCE COMPANY 86,871 -12,186 1,115,378 695,149 420,229 -46% 69,550
GENERAL AMERICAN LIFE INSURANCE COMPANY 105,125 70,563 2,224,897 1,015,651 1,209,246 n/a 214,282
GENERAL RE LIFE CORPORATION 494 166 15,772 2,049 13,723 n/a 866
HANNOVER RÜCK SE 149,232 63,347 1,105,289 705,582 399,707 76% 19,479
MUNICH REINSURANCE COMPANY 4,263,345 3,135,221 5,824,039 2,692,527 3,131,512 n/a 330,905
NATIONWIDE MUTUAL INSURANCE COMPANY21 0 0 7,962 2,650 5,312 n/a 43
ODYSSEY REINSURANCE COMPANY 30,704 -9,903 423,487 224,813 198,674 50% 28,404
PARTNER REINSURANCE COMPANY LTD. 12,550 3,522 346,424 292,554 53,870 n/a 8,519
PARTNER REINSURANCE EUROPE SE 8,539 1,978 6,856 0 6,856 n/a 33,251
RELIASTAR LIFE INSURANCE COMPANY 0 140 52,527 13,466 39,061 n/a 2,324
SCOR GLOBAL LIFE 33,752 23,042 512,227 263,863 248,364 n/a 10,902
SIRIUS AMERICA INSURANCE COMPANY 2,262 -1,166 91,160 32,485 58,675 -10% 8,579
SWISS REINSURANCE COMPANY LTD 536,598 41,022 1,723,028 1,307,766 415,262 9% 71,616
THE TOA REINSURANCE COMPANY
OF AMERICA
15,885 7,793 288,777 200,677 88,100 63% 6,734
TRANSATLANTIC REINSURANCE COMPANY 34,883 7,697 627,110 279,325 347,785 42% 45,505
  5,427,485 3,485,552 16,311,500 8,271,582 8,039,918 929,543
TOTAL 6,826,347 4,063,066 41,939,019 30,540,915 11,398,104 1,397,247

 

Reciprocal or Interinsurance Exchanges

  ONTARIO BUSINESS TOTAL BUSINESS
FINANCIAL SUMMARY
year ended December 31, 2014

(in thousands)
Direct Written Premiums

$
Direct Claims Incurred

$
Total Assets

$
Total Liabilities

$
Excess of assets over liabilities

$
Claims Incurred to earned premium

%
Net Income/ (Loss)

$
ONTARIO
CANADIAN UNIVERSITIES RECIPROCAL INSURANCE EXCHANGE 12,185 8,815 148,759 74,528 74,231 85% 7,789
COMMUNITY NEWSPAPERS RECIPROCAL INSURANCE EXCHANGE 76 16 606 150 456 11% 8
HEALTHCARE INSURANCE RECIPROCAL OF CANADA 104,136 2,738 1,365,626 865,930 499,696 100% 13,087
MUNICIPAL ELECTRIC ASSOCIATION RECIPROCAL INSURANCE EXCHANGE 12,777 6,024 100,001 32,902 67,099 23% 7,799
ONTARIO MUNICIPAL INSURANCE EXCHANGE 41,472 68,207 216,276 188,002 28,274 47% 18,779
ONTARIO SCHOOL BOARDS’ INSURANCE EXCHANGE 42,420 26,375 242,663 146,014 96,649 67% 17,834
POULTRY INSURANCE EXCHANGE RECIPROCAL OF CANADA 2,727 56 8,816 3,075 5,741 3% 1,912
  215,793 112,231 2,082,747 1,310,601 772,146 67,20
EXTRA PROVINCIAL
CANADIAN AIRPORTS RECIPROCAL INSURANCE EXCHANGE (CARIE) 258 -7 6,248 3,141 3,107 78% -279
CANADIAN EGG INDUSTRY RECIPROCAL ALLIANCE 0 0 11,867 2,083 9,784 40% 1,351
CANADIAN LAWYERS LIABILITY ASSURANCE SOCIETY 8,148 11,960 98,646 84,993 13,653 12% 366
  8,406 11,953 116,761 90,217 26,544 1,438
BRANCH
LUMBERMEN’S UNDERWRITING ALLIANCE 0 20 3,662 0 3,662 n/a 542
TOTAL 224,199 124,204 2,203,170 1,400,818 802,352 69,188

 

Fraternal Societies

  ONTARIO BUSINESS TOTAL COMPANY
FINANCIAL SUMMARY
year ended December 31, 2014

(in thousands)
Direct Written Premiums

$
Benefits and payments to policyholders

$
Total Assets

$
Total Liabilities

$
Excess of assets over liabilities

$
Net Income / (loss)

$
ONTARIO
GUARANTEED FUNERAL DEPOSITS OF CANADA (FRATERNAL)22 0 0 0 0 0 0
TORONTO POLICE WIDOWS AND ORPHANS FUND 1,825 2,614 101,030 91,880 9,150 218
  1,825 2,614 101,030 91,880 9,150 218
FEDERAL
ACTRA FRATERNAL BENEFIT SOCIETY 8,833 5,851 647,830 626,323 21,507 -476
FAITHLIFE FINANCIAL 12,586 15,254 455,458 415,794 39,664 -1,000
SONS OF SCOTLAND BENEVOLENT ASSOCIATION 1,091 695 14,885 11,691 3,194 48
TEACHERS LIFE INSURANCE SOCIETY (FRATERNAL) 11,980 5,853 71,836 57,305 14,531 1,498
THE GRAND ORANGE LODGE OF BRITISH AMERICA 1,065 1,041 27,347 23,297 4,050 -427
THE INDEPENDENT ORDER OF FORESTERS 18,988 16,218 11,981,756 10,076,210 1,905,546 102,773
THE ORDER OF ITALO-CANADIANS23 0 0 0 0 0 0
UKRAINIAN FRATERNAL SOCIETY OF CANADA 15 74 10,285 8,696 1,589 322
  54,558 44,986 13,209,397 11,219,316 1,990,081 102,738
BRANCH
CROATIAN FRATERNAL UNION OF AMERICA 397 473 13,800 11,926 1,874 -334
KNIGHTS OF COLUMBUS 81,288 45,215 3,273,284 2,402,627 870,657 -1,674
THE ROYAL ARCANUM, SUPREME COUNCIL OF 99 470 12,776 7,965 4,811 -99
UKRAINIAN NATIONAL ASSOCIATION 30 108 8,870 5,577 3,293 80
UNITED COMMERCIAL TRAVELERS OF AMERICA, ORDER OF 65 39 5,265 3,456 1,809 -279
  81,879 46,305 3,313,995 2,431,551 882,444 -2,306
TOTAL 138,262 93,905 16,624,422 13,742,747 2,881,675 100,650

 

Financial Summary Notes

  1. No financial information was reported for Markham General Insurance Company in 2014. The company was ordered into liquidation effective July 24, 2002.
  2. The company is created as a result of a merger of three companies: Farmers Mutual Insurance Company (Lindsay), Glengarry Mutual Insurance Company and Lanark Mutual Insurance Company
  3. The company’s licence is limited to automobile risks of Toronto Transit Commission.
  4. The former name of Yarmouth Mutual Insurance Company was the Yarmouth Mutual Fire Insurance Company.
  5. No financial information was reported for AXA Insurance Inc. in 2014. Company was in the process of winding down.
  6. No financial information was reported for Alta Surety Company in 2014. Company has been in liquidation since June 2002.
  7. No financial information was reported for AXA Insurance (Canada) AXA Assurances (Canada) in 2014. Company was in the process of winding down.
  8. No financial information was reported for AXA Pacific Insurance Company in 2014. Company was in the process of winding down.
  9. No financial information was reported for Granite Insurance Company in 2014. Company has been inactive since November 1992.
  10. The former name of MIC Insurance Company of Canada was PMI Mortgage Insurance Company of Canada.
  11. The company has a licence condition not to undertake or renew insurance contracts in Ontario after May 30, 1995.
  12. The former name of Allied World Specialty Insurance Company was Darwin National Assurance Company.
  13. The company has a licence condition not to undertake or renew insurance contracts in Ontario after January 9, 2006.
  14. No financial information was reported for Reliance Insurance Company in 2014 Company has been in liquidation since August 2001.
  15. The company has a licence condition not to undertake or renew insurance contracts in Ontario after June 20, 2007.
  16. Company is licenced to write both life and property and casualty insurance.
  17. The company has a licence condition to service existing policies only.
  18. The former name of Jackson National Life Insurance Company was Reassure America Life Insurance Company.
  19. The company has a licence condition not to undertake or renew insurance contracts in Ontario after March 9, 2006.
  20. No financial information was received for the Arch Reinsurance Company in 2014.
  21. The company has a licence condition not to undertake or renew insurance contracts in Ontario after March 27, 2006.
  22. No financial information was received for Guaranteed Funeral Deposits of Canada (Fraternal) in 2014.
  23. No financial information was received for the Order of Italo-Canadians in 2014.

 

Financial Services Commission of Ontario
5160 Yonge Street, Box 85
Toronto ON M2N 6L9

Telephone: (416) 250-7250
Toll-free: 1-800-668-0128
TTY toll-free: 1-800-387-0584
Email: contactcentre@fsco.gov.on.ca
Website: www.fsco.gov.on.ca
Twitter: @FSCOTweets

© Queen’s Printer for Ontario, 2015
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