LETTER TO MINISTER OF FINANCE
The Honourable Charles Souza
Minister of Finance
7 Queen’s Park Crescent
Toronto ON M7A 1Y7
Dear Minister:
I am pleased to present the 137th annual report under section 36 of the Insurance Act
for the year ended December 31, 2015. 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,
Brian Mills
Chief Executive Officer and
Superintendent of Financial Services (Interim)
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SUMMARY FINANCIAL INFORMATION
Summary of Companies Licensed by Type of Business Activity
As of December 31, 2015
Analysis of 2015 total
Business Type | Total 2015 | Additions | Withdrawals | Total | Ontario | Extra Provincial | Federal |
---|
Property & Casualty Companies | 201 | 4 | 3 | 202 | 48 | 15 | 139 |
---|
Life Insurance Companies | 67 | 1 | 1 | 67 | 0 | 13 | 54 |
---|
Reinsurance Companies | 35 | 1 | 3 | 33 | 1 | 1 | 31 |
---|
Reciprocal Exchanges | 11 | 0 | 0 | 11 | 7 | 3 | 1 |
---|
Fraternal Societies | 15 | 0 | 1 | 14 | 2 | 0 | 12 |
---|
Totals |
---|
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 2015 records figures as of the end of the calendar year (December 31, 2015), based on the companies’ annual filings. The Financial Services Commission of Ontario Annual Report 2015-16 records figures as of the end of the fiscal year (March 31, 2016).
INSURER STATISTICS
To guage 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.
2015 Property and Casualty Insurers
Number of companies representing 80% of the Ontario market share
Description of 2015 Property and Casualty Insurers - Number of companies representing 80% of the Ontario market share image ![open new window [New Window]](/Style%20Library/FSCO/Internet/Images/icons/external.png)
2015 Life Insurers
Number of companies representing 80% of the Ontario market share
Description of 2015 Life Insurers - Number of companies representing 80% of the Ontario market share image ![open new window [New Window]](/Style%20Library/FSCO/Internet/Images/icons/external.png)
Insurance is a $45 billion business in Ontario. In 2015, of the total premium dollar volume, 51.5 percent went to the property and casualty (including automobile) insurance industry, and 47.7 percent went to the life insurance industry.
PREMIUM STATISTICS
2015 Direct Written Premium Volume in Ontario
Total $44,996 (in millions)
Description of 2015 Direct Premium Volume in Ontario image ![open new window [New Window]](/Style%20Library/FSCO/Internet/Images/icons/external.png)
P&C insurers received $23.2 billion in premiums in 2015. The split among automobile, property and liability insurance remained constant compared to 2014.
2015 Property & Casualty Companies - Direct Written Premiums in Ontario
Total $23,155 (in millions)
Description of 2015 Property and Casualty Companies – Direct Written Premiums in Ontario image ![open new window [New Window]](/Style%20Library/FSCO/Internet/Images/icons/external.png)
The broad pattern among life insurance companies likewise remained constant. Of the $21.5 billion spent on premiums to the life insurers, 47.3 percent went to the purchase of accident & sickness coverage, 36.2 percent to the purchase of individual and group life coverages (although group life coverage saw a significant drop) and 16.5 percent went to annuities.
2015 Life Companies - Direct Written Premiums in Ontario
Total $21,476 (in millions)
Description of 2015 Life Companies – Direct Written Premiums in Ontario image
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PROPERTY AND CASUALTY COMPANIES
| ONTARIO BUSINESS | TOTAL COMPANY |
---|
FINANCIAL SUMMARY Year ended December 31, 2015
(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 | 8,989 | 4,618 | 19,016 | 12,401 | 6,612 | 66% | -232 |
---|
AMHERST ISLAND MUTUAL INSURANCE COMPANY | 964 | 354 | 3,539 | 879 | 2,660 | 12% | 208 |
---|
AYR FARMERS’ MUTUAL INSURANCE COMPANY | 25,573 | 13,522 | 83,379 | 36,078 | 47,301 | 59% | 2,468 |
---|
BAY OF QUINTE MUTUAL INSURANCE CO. | 23,773 | 16,094 | 60,688 | 26,801 | 33,887 | 58% | 962 |
---|
BERTIE AND CLINTON MUTUAL INSURANCE COMPANY | 13,037 | 2,703 | 66,160 | 25,076 | 41,084 | 39% | 2,133 |
---|
BRANT MUTUAL INSURANCE COMPANY | 6,459 | 4,660 | 15,745 | 9,428 | 6,317 | 71% | -603 |
---|
CAA INSURANCE COMPANY | 175,435 | 84,098 | 513,762 | 366,516 | 147,246 | 53% | 23,387 |
---|
CARADOC DELAWARE MUTUAL FIRE INSURANCE COMPANY | 2,063 | 2,282 | 9,113 | 2,451 | 6,662 | 90% | -665 |
---|
CAYUGA MUTUAL INSURANCE COMPANY | 8,270 | 5,810 | 31,226 | 14,563 | 16,663 | 78% | -45 |
---|
COACHMAN INSURANCE COMPANY | 64,502 | 35,568 | 239,216 | 166,148 | 73,068 | 62% | 8,485 |
---|
DUFFERIN MUTUAL INSURANCE COMPANY | 5,793 | 2,291 | 17,225 | 10,436 | 6,789 | 51% | 38 |
---|
DUMFRIES MUTUAL INSURANCE COMPANY | 14,068 | 5,013 | 59,367 | 24,120 | 35,247 | 46% | 2,518 |
---|
EDGE MUTUAL INSURANCE COMPANY1 | 23,453 | 12,538 | 66,691 | 43,342 | 23,349 | 59% | 541 |
---|
ERIE MUTUAL FIRE INSURANCE COMPANY | 6,472 | 4,224 | 26,380 | 8,764 | 17,616 | 60% | 283 |
---|
FENCHURCH GENERAL INSURANCE COMPANY | 12,099 | 7,528 | 27,680 | 20,879 | 6,801 | 44% | 102 |
---|
GERMANIA MUTUAL INSURANCE COMPANY | 18,370 | 10,259 | 49,506 | 26,824 | 22,682 | 58% | 771 |
---|
GRENVILLE MUTUAL INSURANCE COMPANY | 22,485 | 18,317 | 64,631 | 28,826 | 35,805 | 75% | -2651 |
---|
HALWELL MUTUAL INSURANCE COMPANY | 19,095 | 6,218 | 59,014 | 28,557 | 30,457 | 46% | 2,272 |
---|
HAMILTON TOWNSHIP MUTUAL INSURANCE COMPANY | 23,518 | 7,472 | 65,485 | 37,609 | 27,876 | 58% | 878 |
---|
HAY MUTUAL INSURANCE COMPANY | 9,414 | 5,304 | 46,945 | 12,678 | 34,267 | 52% | 1,131 |
---|
HEARTLAND FARM MUTUAL INC.2 | 100,656 | 57,552 | 214,929 | 144,959 | 69,970 | 54% | 7,081 |
---|
HOWARD MUTUAL INSURANCE COMPANY | 10,847 | 5,310 | 49,840 | 17,288 | 32,552 | 53% | 1,237 |
---|
HOWICK MUTUAL INSURANCE COMPANY | 18,328 | 13,196 | 42,572 | 26,823 | 15,749 | 65% | 635 |
---|
KENT & ESSEX MUTUAL INSURANCE COMPANY | 27,918 | 14,902 | 92,359 | 46,325 | 46,034 | 56% | 2,405 |
---|
L&A MUTUAL INSURANCE COMPANY | 9,350 | 4,680 | 19,177 | 11,095 | 8,082 | 58% | 752 |
---|
LAMBTON MUTUAL INSURANCE COMPANY | 19,108 | 10,971 | 66,146 | 32,987 | 33,159 | 56% | 1,286 |
---|
LAWYERS’ PROFESSIONAL INDEMNITY COMPANY | 127,624 | 80,128 | 702,982 | 464,929 | 238,053 | 67% | 28,444 |
---|
MARKHAM GENERAL INSURANCE COMPANY (IN LIQUIDATION)3 | 0 | 0 | 0 | 0 | 0 | n/a | 0 |
---|
MAX CANADA INSURANCE COMPANY | 4,787 | 2,509 | 25,542 | 18,775 | 6,767 | 62% | -477 |
---|
MCKILLOP MUTUAL INSURANCE COMPANY | 9,243 | 5,099 | 24,959 | 10,457 | 14,499 | 65% | 466 |
---|
MIDDLESEX MUTUAL INSURANCE CO. | 10,258 | 3,798 | 42,164 | 17,145 | 25,019 | 49% | 1,704 |
---|
NORFOLK MUTUAL INSURANCE COMPANY | 8,442 | 3,078 | 23,769 | 10,627 | 13,142 | 43% | 1,069 |
---|
NORTH BLENHEIM MUTUAL INSURANCE COMPANY | 9,419 | 4,414 | 31,139 | 11,227 | 19,912 | 43% | 1,408 |
---|
NORTH KENT MUTUAL FIRE INSURANCE COMPANY | 8,128 | 5,562 | 38,349 | 15,169 | 23,180 | 58% | 639 |
---|
OXFORD MUTUAL INSURANCE COMPANY | 11,560 | 5,731 | 32,468 | 14,070 | 18,398 | 55% | 572 |
---|
PEEL MUTUAL INSURANCE COMPANY | 37,018 | 21,565 | 114,511 | 69,178 | 45,333 | 57% | 2,983 |
---|
PRO-DEMNITY INSURANCE COMPANY | 21,246 | 11,405 | 87,170 | 59,541 | 27,629 | 85% | 262 |
---|
SOUTH EASTHOPE MUTUAL INSURANCE COMPANY | 15,128 | 7,657 | 59,394 | 25,697 | 33,697 | 54% | 1,006 |
---|
THE COMMONWELL MUTUAL INSURANCE GROUP | 130,842 | 80,962 | 413,257 | 220,380 | 192,877 | 56% | 11,143 |
---|
THE WEST WAWANOSH MUTUAL INSURANCE COMPANY | 15,175 | 10,604 | 49,507 | 21,849 | 27,658 | 62% | 227 |
---|
THE WESTMINSTER MUTUAL INSURANCE COMPANY | 8,771 | 4,933 | 23,478 | 14,702 | 8,776 | 56% | 581 |
---|
TOWN & COUNTRY MUTUAL INSURANCE COMPANY | 13,093 | 8,745 | 45,368 | 25,261 | 20,107 | 55% | 1,256 |
---|
TOWNSEND MUTUAL FIRE INSURANCE COMPANY | 8,991 | 7,258 | 22,880 | 13,081 | 9,799 | 71% | -180 |
---|
TRADITION MUTUAL INSURANCE COMPANY | 13,320 | 3,432 | 42,430 | 18,241 | 24,180 | 38% | 2,194 |
---|
TRILLIUM MUTUAL INSURANCE COMPANY | 44,998 | 20,609 | 114,202 | 58,761 | 55,441 | 46% | 4,466 |
---|
TTC INSURANCE COMPANY LIMITED4 | 0 | 0 | 185,114 | 185,014 | 100 | n/a | 0 |
---|
USBORNE AND HIBBERT MUTUAL FIRE INSURANCE COMPANY | 6,823 | 3,098 | 41,137 | 7,273 | 33,864 | 44% | 872 |
---|
WABISA MUTUAL INSURANCE COMPANY | 6,650 | 4,740 | 24,257 | 15,215 | 9,042 | 65% | 40 |
---|
WEST ELGIN MUTUAL INSURANCE COMPANY | 12,027 | 3,807 | 44,162 | 19,138 | 25,024 | 53% | 726 |
---|
YARMOUTH MUTUAL INSURANCE COMPANY | 9,278 | 6,810 | 26,687 | 15,737 | 10,950 | 66% | 77 |
---|
| 1,203,760 | 661,428 | 4,224,714 | 2,513,320 | 1,711,394 | | 114,855 |
---|
EXTRA PROVINCIAL |
---|
ALBERTA MOTOR ASSOCIATION INSURANCE COMPANY | 0 | 0 | 641,913 | 492,434 | 149,479 | 78% | -4139 |
---|
AXA INSURANCE INC.5 | 0 | 0 | 0 | 0 | 0 | n/a | 0 |
---|
BELAIR INSURANCE COMPANY INC. | 96,864 | 31,266 | 1,766,884 | 1,455,039 | 311,845 | 63% | 81,647 |
---|
CANADIAN FARM INSURANCE CORP. | 42 | 2 | 18,056 | 4,808 | 13,248 | 38% | 3,013 |
---|
CANASSURANCE INSURANCE COMPANY | 0 | 0 | 0 | 0 | 0 | n/a | 0 |
---|
GMS INSURANCE INC. | 0 | 0 | 0 | 0 | 0 | n/a | 0 |
---|
INDUSTRIAL ALLIANCE PACIFIC GENERAL INSURANCE CORPORATION | 29,329 | 6,888 | 403,786 | 329,244 | 74,542 | 30% | 10,368 |
---|
LA MUTUELLE D’ÉGLISE DE L’INTER-OUEST | 6 | 0 | 5,535 | 566 | 4,969 | 63% | -175 |
---|
L’UNIQUE GENERAL INSURANCE INC. | 1 | 382 | 353,802 | 275,939 | 77,863 | 62% | 9,878 |
---|
MILLENNIUM INSURANCE CORPORATION | 20,658 | 4,655 | 547,399 | 370,046 | 177,353 | 53% | 33,192 |
---|
OPTIMUM INSURANCE COMPANY INC. | 45,751 | 27,285 | 235,052 | 171,980 | 63,072 | 51% | 7,740 |
---|
ORION TRAVEL INSURANCE COMPANY | 37,863 | 19,428 | 67,233 | 39,148 | 28,085 | 45% | 7,053 |
---|
SGI CANADA INSURANCE SERVICES LTD. | 288 | 158 | 474,566 | 330,440 | 144,126 | 72% | 9,987 |
---|
THE MUTUAL FIRE INSURANCE COMPANY OF BRITISH COLUMBIA | 4,696 | 4,362 | 132,551 | 94,133 | 38,418 | 67% | 1,026 |
---|
TRANS GLOBAL INSURANCE COMPANY | 2,396 | 41 | 7,154 | 2,805 | 4,349 | 2% | 13 |
---|
UNICA INSURANCE INC. | 125,801 | 86,810 | 366,165 | 252,376 | 113,789 | 65% | 9,370 |
---|
| 363,695 | 181,277 | 5,020,096 | 3,818,958 | 1,201,138 | | 168,973 |
---|
FEDERAL |
---|
ACE INA INSURANCE | 132,196 | 86,960 | 1,499,135 | 1,159,234 | 339,901 | 65% | 51,991 |
---|
AIG INSURANCE COMPANY OF CANADA | 413,001 | 234,089 | 4,383,654 | 3,216,018 | 1,167,363 | 59% | 223,595 |
---|
ALLSTATE INSURANCE COMPANY OF CANADA | 778,972 | 524,389 | 3,301,822 | 2,581,106 | 720,716 | 70% | 103,361 |
---|
ALTA SURETY COMPANY6 | 0 | 0 | 0 | 0 | 0 | n/a | 0 |
---|
ARCH INSURANCE CANADA LTD. | 32,525 | 35,061 | 427,348 | 325,934 | 101,414 | 117% | -1405 |
---|
ASCENTUS INSURANCE LTD. | 188 | -316 | 6,508 | 2,706 | 3,802 | -53% | 186 |
---|
AVIVA GENERAL INSURANCE COMPANY7 | 635,637 | 420,371 | 1,666,454 | 1,340,900 | 325,554 | 72% | 47,140 |
---|
AVIVA INSURANCE COMPANY OF CANADA | 1,667,716 | 1,087,661 | 7,129,354 | 5,977,492 | 1,151,862 | 65% | 134,340 |
---|
AXA INSURANCE (CANADA) AXA ASSURANCES (CANADA)8 | 0 | 0 | 0 | 0 | 0 | n/a | 0 |
---|
AXA PACIFIC INSURANCE COMPANY9 | 0 | 0 | 0 | 0 | 0 | n/a | 0 |
---|
CANADA GUARANTY MORTGAGE INSURANCE COMPANY | 119,373 | 1,323 | 1,431,931 | 666,618 | 765,313 | 13% | 74,782 |
---|
CANADIAN NORTHERN SHIELD INSURANCE COMPANY | 27 | 149 | 391,772 | 281,849 | 109,923 | 53% | 15,272 |
---|
CERTAS DIRECT INSURANCE COMPANY | 330,475 | 233,335 | 1,457,674 | 1,299,113 | 158,561 | 64% | 23,308 |
---|
CERTAS HOME AND AUTO INSURANCE COMPANY | 1,448,893 | 1,030,140 | 8,061,192 | 6,687,363 | 1,373,829 | 45% | 179,646 |
---|
CHUBB INSURANCE COMPANY OF CANADA | 373,416 | 203,726 | 2,458,926 | 1,640,958 | 817,968 | 52% | 84,465 |
---|
CO-OPERATORS GENERAL INSURANCE COMPANY | 861,381 | 488,856 | 5,309,054 | 3,850,445 | 1,458,609 | 68% | 162,268 |
---|
COSECO INSURANCE COMPANY | 175,526 | 70,644 | 612,714 | 439,243 | 173,471 | 51% | 56,964 |
---|
CUMIS GENERAL INSURANCE COMPANY | 132,251 | 58,391 | 381,042 | 299,662 | 81,380 | 61% | 5,676 |
---|
DAS LEGAL PROTECTION INSURANCE COMPANY LIMITED | 9,516 | 4,401 | 43,423 | 35,910 | 7,513 | 80% | -5672 |
---|
ECHELON INSURANCE | 89,755 | 57,967 | 441,889 | 335,705 | 106,184 | 62% | 7,988 |
---|
ECONOMICAL MUTUAL INSURANCE COMPANY | 907,176 | 534,274 | 5,353,026 | 3,574,041 | 1,778,985 | 64% | 175,954 |
---|
ELITE INSURANCE COMPANY | 94,096 | 39,722 | 852,196 | 727,388 | 124,808 | 65% | 15,347 |
---|
EVEREST INSURANCE COMPANY OF CANADA | 30,984 | 16,895 | 191,663 | 137,293 | 54,370 | 63% | 1,779 |
---|
FCT INSURANCE COMPANY LTD. | 93,844 | 29,827 | 256,445 | 175,130 | 81,315 | 32% | 16,608 |
---|
FEDERATED INSURANCE COMPANY OF CANADA | 83,808 | 44,108 | 493,776 | 355,620 | 138,156 | 57% | 24,611 |
---|
FIRST NORTH AMERICAN INSURANCE COMPANY | 5,278 | 767 | 12,950 | 4,347 | 8,603 | 13% | 1,331 |
---|
GENWORTH FINANCIAL MORTGAGE INSURANCE COMPANY CANADA | 329,905 | 16,959 | 6,119,513 | 2,428,986 | 3,690,527 | 21% | 413,868 |
---|
GORE MUTUAL INSURANCE COMPANY | 306,839 | 198,381 | 955,755 | 675,514 | 280,241 | 61% | 22,493 |
---|
GRANITE INSURANCE COMPANY10 | 0 | 0 | 0 | 0 | 0 | n/a | 0 |
---|
INTACT INSURANCE COMPANY | 2,369,428 | 1,366,154 | 16,281,366 | 12,331,742 | 3,949,624 | 63% | 385,551 |
---|
INTERNATIONAL INSURANCE COMPANY OF HANNOVER SE | 15,269 | 7,784 | 103,972 | 88,150 | 15,822 | 71% | 1,586 |
---|
JEVCO INSURANCE COMPANY | 70,929 | 40,467 | 1,373,038 | 1,161,077 | 211,961 | 63% | 28,490 |
---|
LEGACY GENERAL INSURANCE COMPANY | 4,867 | 726 | 15,283 | 1,873 | 13,410 | 34% | 321 |
---|
MIC INSURANCE COMPANY CANADA | 0 | -35 | 41,187 | 1,246 | 39,941 | -3% | 1,578 |
---|
NORTHBRIDGE COMMERCIAL INSURANCE CORPORATION | 67,478 | 51,876 | 626,249 | 436,605 | 189,644 | 88% | 13,754 |
---|
NORTHBRIDGE GENERAL INSURANCE CORPORATION | 214,038 | 57,756 | 3,775,122 | 2,723,868 | 1,051,254 | 55% | 134,040 |
NORTHBRIDGE PERSONAL INSURANCE CORPORATION | 104,382 | 46,829 | 794,871 | 543,934 | 250,937 | 55% | 5,653 |
---|
NOVEX INSURANCE COMPANY | 190,215 | 114,706 | 1,323,094 | 1,113,150 | 209,944 | 63% | 25,586 |
---|
OLD REPUBLIC INSURANCE COMPANY OF CANADA | 84,512 | 40,729 | 298,416 | 227,921 | 70,495 | 54% | 11,010 |
---|
OMEGA GENERAL INSURANCE COMPANY | 14,043 | 11,449 | 43,953 | 33,074 | 10,879 | 50% | 379 |
---|
PAFCO INSURANCE COMPANY | 73,971 | 51,066 | 290,672 | 220,365 | 70,307 | 67% | 8,143 |
---|
PEMBRIDGE INSURANCE COMPANY | 183,129 | 132,694 | 620,359 | 469,301 | 151,058 | 72% | 4,965 |
---|
PERTH INSURANCE COMPANY | 107,449 | 57,106 | 472,363 | 387,741 | 84,622 | 64% | 7,529 |
---|
PILOT INSURANCE COMPANY | 682 | -30,366 | 431,372 | 372,270 | 59,102 | 65% | 7,091 |
---|
PRIMMUM INSURANCE COMPANY | 284,822 | 286,343 | 2,405,670 | 2,106,822 | 298,848 | 77% | 1,756 |
---|
QUEBEC ASSURANCE COMPANY | 0 | 0 | 124,365 | 93,113 | 31,252 | 63% | 1,345 |
---|
RBC INSURANCE COMPANY OF CANADA | 60,596 | 19,933 | 257,415 | 167,808 | 89,607 | 42% | 17,662 |
---|
ROYAL & SUN ALLIANCE INSURANCE COMPANY OF CANADA | 552,357 | 423,349 | 4,413,638 | 3,502,993 | 910,645 | 63% | 45,406 |
---|
S&Y INSURANCE COMPANY | -3 | -1,121 | 210,932 | 188,160 | 22,772 | 65% | 2,648 |
---|
SAFETY NATIONAL CASUALTY CORPORATION | 0 | -1,136 | 52,609 | 24,184 | 28,425 | n/a | 4,349 |
---|
SCOTIA GENERAL INSURANCE COMPANY | 0 | 0 | 7,126 | 55 | 7,071 | n/a | -35 |
---|
SCOTTISH & YORK INSURANCE CO. LIMITED | 152,453 | 78,507 | 686,285 | 594,423 | 91,862 | 65% | 10,918 |
---|
SECURITY NATIONAL INSURANCE COMPANY | 1,095,526 | 747,108 | 8,182,361 | 6,741,403 | 1,440,958 | 77% | -18,406 |
---|
SONNET INSURANCE COMPANY11 | -163 | -3,764 | 449,662 | 303,484 | 146,178 | 64% | 13,451 |
---|
TD DIRECT INSURANCE INC.12 | 0 | 0 | 16,317 | 4 | 16,313 | n/a | 246 |
---|
TD GENERAL INSURANCE COMPANY | 223,101 | 143,467 | 1,074,913 | 914,685 | 160,228 | 78% | 7,173 |
---|
TD HOME AND AUTO INSURANCE COMPANY | 198,106 | 237,548 | 1,647,755 | 1,416,890 | 230,865 | 80% | 3,983 |
---|
TEMPLE INSURANCE COMPANY | 65,029 | 47,942 | 878,411 | 742,270 | 136,141 | 72% | 3,838 |
---|
THE BOILER INSPECTION AND INSURANCE COMPANY OF CANADA | 14,019 | 3,110 | 217,485 | 135,024 | 82,461 | 30% | 23,397 |
---|
THE DOMINION OF CANADA GENERAL INSURANCE COMPANY | 843,620 | 539,320 | 3,514,066 | 2,617,063 | 897,003 | 65% | 36,633 |
---|
THE GUARANTEE COMPANY OF NORTH AMERICA | 247,448 | 126,622 | 1,427,791 | 916,596 | 511,195 | 47% | 58,071 |
---|
THE MISSISQUOI INSURANCE COMPANY | 57 | 56 | 519,399 | 370,924 | 148,475 | 64% | 13,319 |
---|
THE NORDIC INSURANCE COMPANY OF CANADA | 449,120 | 264,350 | 1,889,086 | 1,675,404 | 213,682 | 63% | 25,426 |
---|
THE PERSONAL INSURANCE COMPANY | 552,092 | 390,670 | 2,800,963 | 2,405,894 | 395,069 | 66% | 44,058 |
---|
THE PORTAGE LA PRAIRIE MUTUAL INSURANCE COMPANY | 41,464 | 25,417 | 435,935 | 307,927 | 128,008 | 63% | 7,270 |
---|
THE SOVEREIGN GENERAL INSURANCE COMPANY | 92,763 | 50,570 | 787,590 | 563,758 | 223,832 | 64% | 7,404 |
---|
THE WAWANESA MUTUAL INSURANCE COMPANY | 598,976 | 423,269 | 7,775,300 | 4,570,439 | 3,204,861 | 76% | 287,383 |
---|
TRADERS GENERAL INSURANCE COMPANY | 273,533 | 138,905 | 1,257,360 | 1,058,682 | 198,678 | 65% | 22,170 |
---|
TRAFALGAR INSURANCE COMPANY OF CANADA | 50,831 | 59,004 | 1,016,176 | 828,905 | 187,271 | 63% | 78,185 |
---|
TRAVELERS INSURANCE COMPANY OF CANADA | 82,247 | 10,217 | 878,505 | 510,689 | 367,816 | 32% | 32,576 |
---|
TRISURA GUARANTEE INSURANCE COMPANY | 41,395 | 8,415 | 208,091 | 145,054 | 63,037 | 20% | 9,025 |
---|
UNIFUND ASSURANCE COMPANY | 466,955 | 247,955 | 2,204,567 | 1,695,877 | 508,690 | 63% | 110,081 |
---|
WATERLOO INSURANCE COMPANY | 137,313 | 80,828 | 494,530 | 408,197 | 86,333 | 64% | 7,593 |
---|
WESTERN ASSURANCE COMPANY | 143,983 | 96,931 | 879,110 | 739,924 | 139,186 | 63% | 5,883 |
---|
WESTERN FINANCIAL INSURANCE COMPANY | 21,956 | 14,017 | 57,670 | 37,648 | 20,022 | 59% | 3,381 |
---|
WESTERN SURETY COMPANY | 4,352 | -136 | 61,581 | 37,165 | 24,416 | -2% | 3,038 |
---|
WYNWARD INSURANCE GROUP | 21,174 | 10,788 | 163,169 | 108,488 | 54,681 | 55% | -125 |
---|
ZENITH INSURANCE COMPANY | 47,418 | 14,678 | 229,559 | 149,710 | 79,849 | 42% | 4,847 |
---|
| 19,315,620 | 11,849,183 | 126,955,925 | 94,410,554 | 32,545,371 | | 3,345,521 |
---|
BRANCH |
---|
AFFILIATED FM INSURANCE COMPANY | 34,935 | 24,508 | 327,864 | 138,088 | 189,776 | 54% | 29,314 |
---|
ALLIANZ GLOBAL RISKS US INSURANCE COMPANY | 124,126 | 96,811 | 1,196,550 | 895,174 | 301,376 | 78% | -6,711 |
---|
ALLIED WORLD SPECIALTY INSURANCE COMPANY | 5,622 | 3,781 | 55,632 | 36,684 | 18,948 | 69% | -3,682 |
---|
ALLSTATE INSURANCE COMPANY | 0 | 0 | 0 | 0 | 0 | n/a | 0 |
---|
AMERICAN BANKERS INSURANCE COMPANY OF FLORIDA | 164,965 | 43,749 | 531,229 | 352,940 | 178,289 | 48% | 14,293 |
---|
ASSOCIATED ELECTRIC & GAS INSURANCE SERVICES LIMITED | 7,859 | 20,018 | 308,940 | 191,705 | 117,235 | 67% | 18,006 |
---|
ATRADIUS CREDIT INSURANCE N.V. | 3,899 | 1,601 | 30,376 | 24,096 | 6,280 | 52% | -2,509 |
---|
AXA ART INSURANCE CORPORATION | 1,796 | 301 | 9,833 | 4,269 | 5,564 | 33% | 66 |
---|
BERKLEY INSURANCE COMPANY | 34,164 | 20,719 | 290,011 | 198,787 | 91,224 | 61% | -1,642 |
---|
CHEROKEE INSURANCE COMPANY | 3,945 | 4,096 | 21,092 | 10,432 | 10,660 | 77% | 683 |
---|
CHICAGO TITLE INSURANCE COMPANY | 15,793 | 2,127 | 67,663 | 31,815 | 35,848 | 20% | 4,325 |
---|
COMPAGNIE FRANCAISE D'ASSURANCE POUR LE COMMERCE EXTERIEUR | 9,997 | 6,302 | 70,817 | 33,369 | 37,448 | 79% | -5,153 |
---|
CONTINENTAL CASUALTY COMPANY | 90,949 | 33,803 | 1,252,353 | 725,807 | 526,546 | 49% | 59,760 |
---|
COREPOINTE INSURANCE COMPANY | 19 | -126 | 13,416 | 2,115 | 11,301 | 111% | 195 |
---|
ECCLESIASTICAL INSURANCE OFFICE PUBLIC LIMITED COMPANY | 28,701 | 12,818 | 186,024 | 117,971 | 68,053 | 56% | 2,362 |
---|
ELECTRIC INSURANCE COMPANY | 4,883 | 1,079 | 92,044 | 24,338 | 67,706 | -46% | 3,235 |
---|
EMPLOYERS INSURANCE COMPANY OF WAUSAU | 0 | -40 | 35,363 | 2,424 | 32,939 | n/a | 471 |
---|
EULER HERMES NORTH AMERICA INSURANCE COMPANY | 25,551 | 36,992 | 116,020 | 71,290 | 44,730 | 98% | 658 |
---|
FACTORY MUTUAL INSURANCE COMPANY | 84,749 | 24,065 | 1,088,533 | 556,391 | 532,142 | 114% | -18,055 |
---|
FEDERAL INSURANCE COMPANY | 518 | 1,847 | 161,604 | 83,515 | 78,089 | 73% | -2,820 |
---|
FIRST AMERICAN TITLE INSURANCE COMPANY | 280 | -807 | 75,771 | 23,542 | 52,229 | -222% | 3,919 |
---|
GENERAL REINSURANCE CORPORATION | 0 | 0 | 377,611 | 205,373 | 172,238 | 35% | 11,883 |
---|
GREAT AMERICAN INSURANCE COMPANY | 16,978 | 6,782 | 256,770 | 101,906 | 154,864 | 52% | 3,679 |
---|
GROUPAMA S.A. | 0 | 0 | 10,414 | 49 | 10,365 | n/a | 7 |
---|
HARTFORD FIRE INSURANCE COMPANY | 5,363 | 13,867 | 178,351 | 39,316 | 139,035 | 85% | 409 |
---|
HDI GLOBAL SE CANADA13 | 22,189 | 4,203 | 174,252 | 128,060 | 46,192 | 35% | 2,550 |
---|
IRONSHORE INSURANCE LTD. | 6,295 | 1,695 | 77,111 | 38,632 | 38,479 | 140% | -757 |
---|
JEWELERS MUTUAL INSURANCE COMPANY | 4,359 | 4,023 | 19,449 | 7,074 | 12,375 | 97% | -1,873 |
---|
LIBERTY MUTUAL INSURANCE COMPANY | 84,119 | 57,512 | 1,736,478 | 939,879 | 796,599 | 61% | 86,108 |
---|
LLOYD'S UNDERWRITERS | 722,410 | 456,980 | 8,943,285 | 6,491,371 | 2,451,914 | 57% | 842,525 |
---|
MITSUI SUMITOMO INSURANCE COMPANY, LIMITED | 0 | 0 | 0 | 0 | 0 | n/a | 0 |
---|
MOTORS INSURANCE CORPORATION | 72,161 | 28,357 | 521,866 | 309,680 | 212,186 | 34% | 29,018 |
---|
MUNICH REINSURANCE AMERICA, INC. | 0 | -1,895 | 203,998 | 77,423 | 126,575 | -40% | 13,875 |
---|
NATIONAL LIABILITY & FIRE INSURANCE COMPANY | 15,444 | -15,707 | 392,378 | 129,991 | 262,387 | -12% | 9,257 |
---|
PROGRESSIVE CASUALTY INSURANCE COMPANY14 | 0 | 0 | 0 | 0 | 0 | n/a | 0 |
---|
PROTECTIVE INSURANCE COMPANY | 1,254 | 3,071 | 28,944 | 17,144 | 11,800 | 217% | -685 |
---|
RELIANCE INSURANCE COMPANY15 | 0 | 0 | 0 | 0 | 0 | n/a | 0 |
---|
SCOR UK COMPANY LIMITED | 0 | 0 | 7,603 | 63 | 7,540 | n/a | -67 |
---|
SECURITY INSURANCE COMPANY OF HARTFORD | 0 | 0 | 0 | 0 | 0 | n/a | 0 |
---|
SENTRY INSURANCE A MUTUAL COMPANY | 825 | 248 | 41,733 | 6,384 | 35,349 | 18% | 1,361 |
---|
SOMPO JAPAN NIPPONKOA INSURANCE INC. | 3,804 | 1,236 | 92,335 | 10,042 | 82,293 | 21% | 2,842 |
---|
ST. PAUL FIRE AND MARINE INSURANCE COMPANY | 39,185 | 34,069 | 852,854 | 491,871 | 360,983 | 54% | 27,435 |
---|
STARR INSURANCE & REINSURANCE LIMITED | 5,817 | 2,263 | 75,986 | 59,492 | 16,494 | 102% | -1,186 |
---|
STATE FARM FIRE AND CASUALTY COMPANY16 | 0 | 0 | 219,277 | 23,425 | 195,852 | n/a | 73,953 |
---|
STATE FARM MUTUAL AUTOMOBILE INSURANCE COMPANY17 | 0 | 0 | 358,650 | 44,362 | 314,288 | n/a | 320,437 |
---|
STEWART TITLE GUARANTY COMPANY | 83,700 | 21,927 | 216,072 | 111,886 | 104,186 | 26% | 16,250 |
---|
SUNDERLAND MARINE INSURANCE COMPANY LIMITED (CANADA BRANCH) | 467 | 188 | 47,260 | 33,136 | 14,124 | 49% | 176 |
---|
T.H.E. INSURANCE COMPANY | 307 | 543 | 5,774 | 1,945 | 3,829 | 91% | 494 |
---|
TECHNOLOGY INSURANCE COMPANY INC. | 13,920 | 5,739 | 39,278 | 23,275 | 16,003 | 79% | 412 |
---|
THE AMERICAN ROAD INSURANCE COMPANY | 2,188 | 536 | 20,334 | 502 | 19,832 | 90% | 375 |
---|
THE SHIPOWNERS' MUTUAL PROTECTION AND INDEMNITY ASSOCIATION (LUXEMBOUR | 0 | 13 | 46,294 | 14,232 | 32,062 | -176% | -2,046 |
---|
TIG INSURANCE COMPANY18 | 0 | 0 | 0 | 0 | 0 | n/a | 0 |
---|
TOKIO MARINE & NICHIDO FIRE INSURANCE CO., LTD. | 16,448 | 11,152 | 136,680 | 69,274 | 67,406 | 58% | 2,702 |
---|
TRITON INSURANCE COMPANY | 12,139 | 3,497 | 198,976 | 74,943 | 124,033 | 30% | 19,899 |
---|
VIRGINIA SURETY COMPANY, INC. | 22,905 | 10,771 | 72,035 | 48,639 | 23,396 | 83% | -863 |
---|
WESTPORT INSURANCE CORPORATION | 41,685 | 21,331 | 619,564 | 521,666 | 97,898 | 28% | 20,919 |
---|
XL INSURANCE COMPANY SE | 60,297 | 65,220 | 812,841 | 558,606 | 254,235 | 125% | -36,777 |
---|
XL REINSURANCE AMERICA INC. | 9,969 | 10,312 | 359,073 | 222,493 | 136,580 | 60% | 3,905 |
---|
XL SPECIALTY INSURANCE COMPANY | 0 | 0 | 5,000 | 0 | 5,000 | n/a | 0 |
---|
ZURICH INSURANCE COMPANY LTD | 365,810 | 598,557 | 4,188,150 | 3,247,745 | 940,405 | 106% | -157,697 |
---|
| 2,272,789 | 1,680,134 | 27,267,811 | 17,574,631 | 9,693,180 | | 1,385,235 |
---|
TOTAL | 23,155,864 | 14,372,022 | 163,468,546 | 118,317,463 | 45,151,083 | | 5,014,584 |
---|
LIFE INSURANCE COMPANIES
| ONTARIO BUSINESS | TOTAL COMPANY |
---|
FINANCIAL SUMMARY year ended December 31, 2015
(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 | 10 | 209,942 | 161,516 | 48,426 | 5,913 |
---|
ASSUMPTION MUTUAL LIFE INSURANCE COMPANY | 28,293 | 11,154 | 1,567,250 | 1,450,320 | 116,930 | 8,902 |
---|
AXA INSURANCE INC. | 0 | 0 | 0 | 0 | 0 | 0 |
---|
CANASSURANCE INSURANCE COMPANY19 | 6,459 | 1,546 | 206,710 | 185,732 | 20,978 | -121 |
---|
DESJARDINS FINANCIAL SECURITY LIFE ASSURANCE COMPANY | 818,312 | 605,820 | 33,321,054 | 3,321,054 | 30,000,000 | 335,954 |
---|
FIRST CANADIAN INSURANCE CORPORATION | 27,054 | 2,672 | 534,636 | 337,904 | 196,732 | 23,827 |
---|
HUMANIA ASSURANCE INC. | 2,735 | 2,423 | 501,349 | 430,779 | 70,570 | 4,502 |
---|
INDUSTRIAL ALLIANCE INSURANCE AND FINANCIAL SERVICES INC. | 1,229,244 | 862,391 | 49,489,026 | 45,309,821 | 4,179,205 | 389,300 |
---|
LA CAPITALE INSURANCE AND FINANCIAL SERVICES INC. | 170,085 | 86,662 | 1,344,721 | 1,193,801 | 150,920 | -27,512 |
---|
LS-TRAVEL, INSURANCE COMPANY | 6,853 | 2,330 | 21,672 | 13,424 | 8,248 | 923 |
---|
NATIONAL BANK LIFE INSURANCE COMPANY | 11,474 | 3,383 | 179,104 | 83,381 | 95,723 | 47,993 |
---|
SSQ, LIFE INSURANCE COMPANY INC. | 227,902 | 158,026 | 9,433,188 | 8,635,686 | 797,502 | 64,789 |
---|
THE UNION LIFE MUTUAL ASSURANCE COMPANY (UNION LIFE) | 7,931 | 293 | 2,031,721 | 1,807,642 | 224,079 | 18,120 |
---|
TRANS GLOBAL LIFE INSURANCE COMPANY | 1,099 | 44 | 7,214 | 2,026 | 5,188 | -74 |
---|
| 2,537,470 | 1,736,754 | 98,847,587 | 62,933,086 | 35,914,501 | 872,516 |
---|
FEDERAL |
---|
ACE INA LIFE INSURANCE | 99,465 | 23,484 | 138,161 | 106,922 | 31,239 | 13,352 |
---|
ALLSTATE LIFE INSURANCE COMPANY OF CANADA | 0 | 0 | 3,788 | 18 | 3,770 | 9 |
---|
ASSURANT LIFE OF CANADA | 126,481 | 52,557 | 1,652,625 | 1,544,307 | 108,318 | 11,440 |
---|
BLUE CROSS LIFE INSURANCE COMPANY OF CANADA | 68,451 | 48,293 | 984,588 | 853,498 | 131,090 | 8,103 |
---|
BMO LIFE ASSURANCE COMPANY | 424,447 | 275,492 | 8,015,626 | 7,019,049 | 996,577 | 104,944 |
---|
BMO LIFE INSURANCE COMPANY | 13,911 | 3,847 | 707,938 | 158,317 | 549,621 | 13,721 |
---|
CANADIAN PREMIER LIFE INSURANCE COMPANY | 87,810 | 16,770 | 226,946 | 143,633 | 83,313 | 16,449 |
---|
CIBC LIFE INSURANCE COMPANY LIMITED | 20,477 | 928 | 103,164 | -99,646 | 202,810 | 8,338 |
---|
CIGNA LIFE INSURANCE COMPANY OF CANADA | 28,740 | 24,495 | 118,704 | 53,154 | 65,550 | 17,869 |
---|
COMPCORP LIFE INSURANCE COMPANY | 0 | 0 | 10,000 | 691 | 9,309 | -62 |
---|
CO-OPERATORS LIFE INSURANCE COMPANY | 237,002 | 156,482 | 6,006,134 | 5,050,649 | 955,485 | 21,104 |
---|
CUMIS LIFE INSURANCE COMPANY | 63,238 | 26,850 | 1,262,701 | 991,644 | 271,057 | 13,641 |
---|
FORESTERS LIFE INSURANCE COMPANY | 77,029 | 77,447 | 1,523,238 | 1,346,045 | 177,193 | 19,821 |
---|
GIRAFFE & FRIENDS LIFE INSURANCE COMPANY | 136 | 0 | 6,795 | 1,727 | 5,068 | -2,197 |
---|
IVARI20 | 288,716 | 196,954 | 10,946,662 | 9,705,709 | 1,240,953 | -55,029 |
---|
LA CAPITALE FINANCIAL SECURITY INSURANCE COMPANY | 26,792 | 15,380 | 527,150 | 398,162 | 128,988 | 11,954 |
---|
LONDON LIFE INSURANCE COMPANY | 1,515,393 | 1,028,288 | 85,880,837 | 82,189,765 | 3,691,072 | 511,736 |
---|
MD LIFE INSURANCE COMPANY | 0 | 0 | 3,199,764 | 3,189,134 | 10,630 | 3,613 |
---|
PRIMERICA LIFE INSURANCE COMPANY OF CANADA | 141,077 | 56,555 | 3,240,839 | 2,885,035 | 355,804 | 35,185 |
---|
RBC LIFE INSURANCE COMPANY | 814,911 | 346,390 | 11,696,830 | 9,992,515 | 1,704,315 | 103,147 |
---|
RELIABLE LIFE INSURANCE COMPANY | 17,313 | 15,490 | 52,720 | 40,666 | 12,054 | 64 |
---|
SCOTIA LIFE INSURANCE COMPANY | 23,052 | 2,508 | 158,516 | -59,434 | 217,950 | 28,120 |
---|
SUN LIFE ASSURANCE COMPANY OF CANADA | 4,330,344 | 3,619,981 | 211,704,090 | 195,386,174 | 16,317,916 | 1,786,622 |
---|
SUN LIFE INSURANCE (CANADA) LIMITED | 29,216 | 19,082 | 16,917,073 | 15,397,102 | 1,519,971 | -51,358 |
---|
TD LIFE INSURANCE COMPANY | 57,825 | 16,428 | 158,599 | 99,362 | 59,237 | 3,452 |
---|
THE CANADA LIFE ASSURANCE COMPANY | 2,033,955 | 1,498,123 | 62,546,289 | 51,755,833 | 10,790,456 | 1,605,783 |
---|
THE EMPIRE LIFE INSURANCE COMPANY | 451,346 | 342,411 | 13,837,928 | 12,686,011 | 1,151,917 | 107,294 |
---|
THE EQUITABLE LIFE INSURANCE COMPANY OF CANADA | 310,046 | 211,553 | 3,462,582 | 2,963,559 | 499,023 | 53,800 |
---|
THE GREAT-WEST LIFE ASSURANCE COMPANY | 2,730,924 | 2,165,213 | 53,687,613 | 34,204,968 | 19,482,645 | 2,698,728 |
---|
THE MANUFACTURERS LIFE INSURANCE COMPANY | 4,565,809 | 4,020,557 | 227,064,082 | 185,639,660 | 41,424,422 | 1,982,281 |
---|
THE STANDARD LIFE ASSURANCE COMPANY OF CANADA21 | 0 | 0 | 0 | 0 | 0 | 0 |
---|
THE WAWANESA LIFE INSURANCE COMPANY | 24,821 | 17,652 | 1,064,809 | 917,906 | 146,903 | 2,493 |
---|
VSP CANADA VISION CARE INSURANCE | 92 | 116 | 9,824 | 766 | 9,058 | -1,026 |
---|
WESTERN LIFE ASSURANCE COMPANY | 63,455 | 11,391 | 222,192 | 156,048 | 66,144 | 8,465 |
---|
| 18,672,274 | 14,290,717 | 727,138,807 | 624,718,949 | 102,419,858 | 9,081,856 |
---|
BRANCH |
---|
AETNA LIFE INSURANCE COMPANY | 76 | 614 | 80,898 | 21,020 | 59,878 | 2,903 |
---|
ALLIANZ LIFE INSURANCE COMPANY OF NORTH AMERICA | 15 | 39 | 71,749 | 29,542 | 42,207 | 1,072 |
---|
AMERICAN BANKERS LIFE ASSURANCE COMPANY OF FLORIDA | 113,648 | 12,409 | 209,556 | 117,462 | 92,094 | 9,555 |
---|
AMERICAN HEALTH AND LIFE INSURANCE COMPANY | 3,328 | 887 | 45,077 | 13,894 | 31,183 | 6,658 |
---|
AMERICAN INCOME LIFE INSURANCE COMPANY | 33,772 | 6,266 | 297,281 | 162,173 | 135,108 | 43,749 |
---|
AXA EQUITABLE LIFE INSURANCE COMPANY | 33 | 40 | 73,519 | 26,237 | 47,282 | 3,333 |
---|
COMBINED INSURANCE COMPANY OF AMERICA | 38,954 | 13,749 | 818,846 | 355,597 | 463,249 | 21,830 |
---|
CONNECTICUT GENERAL LIFE INSURANCE COMPANY | 2,028 | 883 | 161,714 | 113,652 | 48,062 | 6,912 |
---|
GERBER LIFE INSURANCE COMPANY | 1,606 | 260 | 44,412 | 29,214 | 15,198 | 161 |
---|
HARTFORD LIFE INSURANCE COMPANY22 | 0 | 469 | 8,073 | 3,181 | 4,892 | -903 |
---|
JACKSON NATIONAL LIFE INSURANCE COMPANY | 3 | 20 | 10,607 | 7,042 | 3,565 | -305 |
---|
LIBERTY LIFE ASSURANCE COMPANY OF BOSTON | 536 | 198 | 15,574 | 3,629 | 11,945 | -26 |
---|
LIFE INSURANCE COMPANY OF NORTH AMERICA | 9,716 | 4,129 | 70,075 | 43,424 | 26,651 | -5,991 |
---|
METROPOLITAN LIFE INSURANCE COMPANY23 | 0 | 0 | 108,421 | 75 | 108,346 | 2,025 |
---|
NEW YORK LIFE INSURANCE COMPANY | 34,751 | 5,911 | 488,969 | 133,500 | 355,469 | 47,581 |
---|
PAVONIA LIFE INSURANCE COMPANY OF MICHIGAN | 4,025 | 639 | 56,708 | 23,728 | 32,980 | -1,530 |
---|
PHOENIX LIFE INSURANCE COMPANY | 0 | 0 | 2,738 | 427 | 2,311 | -52 |
---|
PRINCIPAL LIFE INSURANCE COMPANY | 0 | 365 | 14,920 | 11,779 | 3,141 | -1,625 |
---|
STANDARD LIFE ASSURANCE LIMITED | 23,554 | 25,578 | 6,527 | 0 | 6,527 | 9 |
---|
STATE FARM INTERNATIONAL LIFE INSURANCE COMPANY LTD | 0 | 0 | 48,260 | 3,848 | 44,412 | 94,244 |
---|
UNITED AMERICAN INSURANCE COMPANY | 147 | 160 | 13,722 | 3,651 | 10,071 | 421 |
---|
| 266,192 | 72,616 | 2,647,646 | 1,103,075 | 1,544,571 | 230,021 |
---|
TOTAL | 21,475,936 | 16,100,087 | 828,634,040 | 688,755,110 | 139,878,930 | 10,184,393 |
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REINSURANCE COMPANIES
| ONTARIO BUSINESS | TOTAL COMPANY |
---|
FINANCIAL SUMMARY year ended December 31, 2015
(in thousands) | Premiums Assumed
$ | Net Losses Incurred
$ | Total Assets
$ | Total Liabilities
$ | Excess of assets over liabilities
$ | Claims incurred to earned premium
% | Net Income/ (loss)
$ |
---|
ONTARIO |
---|
FARM MUTUAL REINSURANCE PLAN INC. | 110,556 | 53,856 | 783,651 | 418,033 | 365,618 | 158% | 33,443 |
---|
GLOBAL REINSURANCE COMPANY | 0 | 0 | 0 | 0 | 0 | n/a | 0 |
---|
| 110,556 | 53,856 | 783,651 | 418,033 | 365,618 | | 33,443 |
EXTRA PROVINCIAL |
---|
OPTIMUM REASSURANCE INC.24 | 0 | 0 | 0 | 0 | 0 | n/a | 0 |
| 0 | 0 | 0 | 0 | 0 | | 0 |
---|
FEDERAL |
---|
12345 INSURANCE COMPANY25 | 0 | -2 | 14,251 | 337 | 13,914 | 0% | -65 |
---|
ARCH REINSURANCE COMPANY | 6,009 | 338 | 66,442 | 37,526 | 28,916 | 181% | -1,842 |
---|
ASPEN INSURANCE UK LIMITED | 25,933 | -29,207 | 460,284 | 268,526 | 191,758 | 1027% | 7,710 |
---|
AURIGEN REINSURANCE COMPANY | 51,642 | 17,884 | 309,380 | 247,608 | 61,772 | n/a | -2,440 |
---|
MUNICH REINSURANCE COMPANY OF CANADA | 139,005 | 29,349 | 1,301,240 | 1,003,383 | 297,857 | 173% | 41,762 |
---|
PARTNER REINSURANCE COMPANY OF THE U.S. | 24,182 | 4,888 | 569,245 | 301,238 | 268,007 | 487% | 49,231 |
---|
RGA LIFE REINSURANCE COMPANY OF CANADA | 402,733 | 57,521 | 8,065,971 | 6,856,408 | 1,209,563 | n/a | 144,897 |
---|
SCOR CANADA REINSURANCE COMPANY | 38,289 | 39,830 | 570,798 | 402,929 | 167,869 | 261% | 37,852 |
---|
SUECIA REINSURANCE COMPANY | 0 | -240 | 8,559 | 3,187 | 5,372 | 0% | -57 |
---|
THE CANADA LIFE INSURANCE COMPANY OF CANADA | 700,661 | 401,980 | 13,298,283 | 11,976,017 | 1,322,266 | n/a | 101,066 |
---|
| 1,388,454 | 522,341 | 24,664,453 | 21,097,159 | 3,567,294 | | 378,114 |
BRANCH |
---|
AMERICAN AGRICULTURAL INSURANCE COMPANY | 8,423 | -540 | 91,028 | 28,585 | 62,443 | 585% | 8,682 |
---|
AXIS REINSURANCE COMPANY | 7,565 | 7,427 | 324,262 | 259,767 | 64,495 | 184% | 7,243 |
---|
BRITISH INSURANCE COMPANY OF CAYMAN | 45,786 | 25,739 | 439,182 | 191,876 | 247,306 | n/a | 19,776 |
---|
CAISSE CENTRALE DE RÉASSURANCE | 17,244 | 10,188 | 244,708 | 161,076 | 83,632 | 157% | 7,326 |
---|
CATALINA GENERAL INSURANCE LTD.26 | 3 | 31 | 16,129 | 5,323 | 10,806 | 2% | 536 |
---|
COLISEE RE. | 0 | 0 | 0 | 0 | 0 | n/a | 0 |
---|
EMPLOYERS REASSURANCE CORPORATION | 77,046 | 57,316 | 820,261 | -153,158 | 973,419 | n/a | 44,783 |
---|
EVEREST REINSURANCE COMPANY | 79,538 | -5,717 | 1,104,678 | 621,547 | 483,131 | -256% | 61,131 |
---|
GENERAL AMERICAN LIFE INSURANCE COMPANY | 108,952 | 70,722 | 2,413,428 | 1,053,801 | 1,359,627 | n/a | 97,967 |
---|
GENERAL RE LIFE CORPORATION | 505 | -47 | 14,768 | 2,210 | 12,558 | n/a | 735 |
---|
HANNOVER RÜCK SE | 153,310 | 46,163 | 1,168,563 | 688,924 | 479,639 | 216% | 76,368 |
---|
MUNICH REINSURANCE COMPANY | 4,285,168 | 3,102,784 | 6,448,695 | 3,055,635 | 3,393,060 | n/a | 304,061 |
---|
NATIONWIDE MUTUAL INSURANCE COMPANY27 | 0 | 0 | 0 | 0 | 0 | n/a | 0 |
---|
ODYSSEY REINSURANCE COMPANY | 39,735 | 12,055 | 401,185 | 237,289 | 163,896 | 168% | 7,041 |
---|
PARTNER REINSURANCE COMPANY LTD. | 19,991 | 2,772 | 357,053 | 298,247 | 58,806 | n/a | 4,936 |
---|
PARTNER REINSURANCE EUROPE SE | 0 | 0 | 0 | 0 | 0 | n/a | 0 |
---|
RELIASTAR LIFE INSURANCE COMPANY | 0 | 863 | 59,513 | 11,872 | 47,641 | n/a | 836 |
---|
SCOR GLOBAL LIFE | 128,397 | 110,178 | 516,835 | 220,183 | 296,652 | n/a | 47,048 |
---|
SIRIUS AMERICA INSURANCE COMPANY | 2,349 | -374 | 92,914 | 25,019 | 67,895 | 2643% | 9,192 |
---|
SWISS REINSURANCE COMPANY LTD | 129,601 | -6,324 | 1,571,845 | 1,198,302 | 373,543 | 1487% | 53,129 |
---|
THE TOA REINSURANCE COMPANY OF AMERICA | 13,441 | 6,472 | 251,771 | 186,731 | 65,040 | 161% | 6,475 |
---|
TRANSATLANTIC REINSURANCE COMPANY | 30,892 | 10,745 | 662,521 | 255,925 | 406,596 | 240% | 57,218 |
---|
| 5,147,946 | 3,450,453 | 16,999,339 | 8,349,154 | 8,650,185 | | 814,483 |
TOTAL | 6,646,956 | 4,026,650 | 42,447,443 | 29,864,346 | 12,583,097 | | 1,226,040 |
---|
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FRATERNAL SOCIETIES
| ONTARIO BUSINESS | TOTAL COMPANY |
---|
FINANCIAL SUMMARY year ended December 31, 2015
(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)28 | 0 | 0 | 0 | 0 | 0 | 0 |
---|
TORONTO POLICE WIDOWS AND ORPHANS FUND | 1,784 | 2,121 | 103,056 | 94,360 | 8,696 | 26 |
---|
| 1,784 | 2,121 | 103,056 | 94,360 | 8,696 | 26 |
---|
FEDERAL |
---|
ACTRA FRATERNAL BENEFIT SOCIETY | 9,430 | 6,105 | 659,774 | 638,781 | 20,993 | 2,264 |
---|
FAITHLIFE FINANCIAL | 10,392 | 12,439 | 418,762 | 380,574 | 38,188 | 240 |
---|
SONS OF SCOTLAND BENEVOLENT ASSOCIATION | 1,094 | 678 | 14,334 | 11,661 | 2,673 | -474 |
---|
TEACHERS LIFE INSURANCE SOCIETY (FRATERNAL) | 12,134 | 8,434 | 71,534 | 56,282 | 15,252 | 975 |
---|
THE GRAND ORANGE LODGE OF BRITISH AMERICA | 1,226 | 1,026 | 27,252 | 22,960 | 4,292 | -97 |
---|
THE INDEPENDENT ORDER OF FORESTERS | 20,093 | 17,030 | 6,185,250 | 3,894,503 | 2,290,747 | 124,113 |
---|
THE ORDER OF ITALO-CANADIANS29 | 0 | 0 | 0 | 0 | 0 | 0 |
---|
UKRAINIAN FRATERNAL SOCIETY OF CANADA | 12 | 43 | 9,886 | 8,319 | 1,567 | 0 |
---|
| 54,381 | 45,755 | 7,386,792 | 5,013,080 | 2,373,712 | 127,021 |
---|
BRANCH |
---|
CROATIAN FRATERNAL UNION OF AMERICA | 387 | 334 | 13,994 | 12,100 | 1,894 | -193 |
---|
KNIGHTS OF COLUMBUS | 77,380 | 29,679 | 3,437,350 | 2,595,100 | 842,250 | -19,319 |
---|
THE ROYAL ARCANUM, SUPREME COUNCIL OF | 166 | 462 | 12,083 | 7,784 | 4,299 | 144 |
---|
UKRAINIAN NATIONAL ASSOCIATION | 27 | 78 | 9,043 | 5,465 | 3,578 | 135 |
---|
UNITED COMMERCIAL TRAVELERS OF AMERICA, ORDER OF | 65 | 44 | 5,002 | 0 | 5,002 | -37 |
---|
| 78,025 | 30,597 | 3,477,472 | 2,620,449 | 857,023 | -19,270 |
---|
TOTAL | 134,190 | 78,473 | 10,967,320 | 7,727,889 | 3,239,431 | 107,777 |
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RECIPROCAL OR INTERINSURANCE EXCHANGES
| ONTARIO BUSINESS | TOTAL BUSINESS |
---|
FINANCIAL SUMMARY year ended December 31, 2015
(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 | 11,547 | 11,229 | 154,750 | 85,071 | 69,679 | 108% | 3,033 |
---|
COMMUNITY NEWSPAPERS RECIPROCAL INSURANCE EXCHANGE | 82 | 5 | 574 | 134 | 440 | 3% | 9 |
---|
HEALTHCARE INSURANCE RECIPROCAL OF CANADA | 129,441 | 113,830 | 1,268,306 | 817,326 | 450,980 | 96% | 45,881 |
---|
MUNICIPAL ELECTRIC ASSOCIATION RECIPROCAL INSURANCE EXCHANGE | 11,916 | 5,930 | 102,077 | 34,272 | 67,805 | 77% | 6,366 |
---|
ONTARIO MUNICIPAL INSURANCE EXCHANGE | 23,320 | 19,744 | 220,152 | 189,327 | 30,825 | 79% | 2,551 |
---|
ONTARIO SCHOOL BOARDS' INSURANCE EXCHANGE | 43,296 | 31,316 | 252,865 | 153,821 | 99,044 | 77% | 14,388 |
---|
POULTRY INSURANCE EXCHANGE RECIPROCAL OF CANADA | 2,773 | 0 | 10,438 | 3,639 | 6,799 | 2% | 2,173 |
---|
| 222,375 | 182,054 | 2,009,162 | 1,283,590 | 725,572 | | 74,401 |
---|
EXTRA PROVINCIAL |
---|
CANADIAN AIRPORTS RECIPROCAL INSURANCE EXCHANGE (CARIE) | 263 | 0 | 6,229 | 2,729 | 3,500 | 3% | 463 |
---|
CANADIAN EGG INDUSTRY RECIPROCAL ALLIANCE | 0 | 0 | 13,346 | 3,824 | 9,522 | 94% | -262 |
---|
CANADIAN LAWYERS LIABILITY ASSURANCE SOCIETY | 7,663 | 32,359 | 125,301 | 111,113 | 14,188 | -2% | 482 |
---|
| 7,926 | 32,359 | 144,876 | 117,666 | 27,210 | | 683 |
---|
BRANCH |
---|
LUMBERMEN'S UNDERWRITING ALLIANCE30 | 0 | 0 | 0 | 0 | 0 | n/a | 0 |
---|
TOTAL | 230,301 | 214,413 | 2,154,038 | 1,401,256 | 752,782 | | 75,084 |
---|
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FINANCIAL SUMMARY NOTES
The former name of Edge Mutual Insurance Company was Peel Maryborough Mutual Insurance Company.
The former name of Heartland Farm Mutual Inc. was The North Waterloo Farmers Mutual Insurance Company.
No financial information was reported for Markham General Insurance Company in 2015. The company was ordered into liquidation effective July 24, 2002. The company cancelled its licence in 2015.
The company’s licence is limited to automobile risks of Toronto Transit Commission.
No financial information was reported for AXA Insurance Inc. in 2015. The company cancelled its licence in 2015.
No financial information was reported for Alta Surety Company in 2015. Company has been in liquidation since June 2002.
The former name of Aviva General Insurance Company was RBC General Insurance Company.
No financial information was reported for AXA Insurance (Canada) AXA Assurances (Canada) in 2015. The company cancelled its licence in 2015.
No financial information was reported for AXA Pacific Insurance Company in 2015. The company cancelled its licence in 2015.
No financial information was reported for Granite Insurance Company in 2015. Company has been inactive since November 1992.
The former name of Sonnet Insurance Company was Federation Insurance Company of Canada.
The company has a licence condition not to undertake or renew insurance contracts in Ontario after May 30, 1995.
The former name of HDI Global SE Canada was HDIGerling Industrie Versicherung AG.
The company has a licence condition not to undertake or renew insurance contracts in Ontario after January 9, 2006.
No financial information was reported for Reliance Insurance Company in 2014. Company has been in liquidation since August 2001.
The company was acquired by the Desjardins group in 2015.
The company was acquired by the Desjardins group in 2015.
The company has a licence condition not to undertake or renew insurance contracts in Ontario after June 20, 2007. The company cancelled its licence in 2015.
Company is licensed to write both life and property & casualty insurance.
The former name of ivari was Transamerica Life Canada.
No financial information was reported for The Standard Life Assurance Company of Canada in 2015. The company cancelled its licence in 2015.
The company has a licence condition to service existing policies only.
The company has a licence condition not to undertake or renew insurance contracts in Ontario after March 9, 2006.
No financial information was received for Optimum Reassurance Inc. in 2015.
The former name of 12345 Insurance Company was The Mortgage Insurance Company of Canada.
The former name of Catalina General Insurance Ltd. was Alea (Bermuda) Ltd.
The company has a licence condition not to undertake or renew insurance contracts in Ontario after March 27, 2006.
No financial information was received for Guaranteed Funeral Deposits of Canada (Fraternal) in 2015.
No financial information was received for the Order of Italo-Canadians in 2015.
No financial information was reported for Lumbermens’ Underwriting Alliance in 2015. The company is winding its operations down.
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