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hockeyfan27
02-01-2012, 04:21 PM
So the stats for 2011 won't be out until June.

For the sake of argument, here are 2010 results

http://a8.sphotos.ak.fbcdn.net/hphotos-ak-ash4/395221_10150572989240900_440334603_n.jpg

This is a chart of the profit or loss of the Canadian insurance market 2000-2010.

this is from the Canadian underwriter magazine

Largest 10 companies (by written premium) operating in Canada and their loss ratios % (premium collected/claims+expenses)
1 Intact 96.28
2 Aviva 98.35
3 TD 102.95
4 Co-op 105.05
5 RSA 94.46
6 Lloyds 85.24
7 State Farm 162.84
8 Axa 91.11
9 Wawanesa 103.20
10 Economical 103.32

This is Canada wide. When I have a free minute, I'll dig out the Ontario #'s

77 companies made a profit. (Lloyds #1, Intact #4) 41 companies didn't.

It's not hard to see why State Farm has some hefty increases this year: loss of $1.27 billion. (number 41, biggest loser!)

Two other notable losers were: RBC Gen. @ $89.9 million (#40, a distant 2nd to State Farm) and TD Gen. @ $65.2 million. (# 37)
If you have policies there, keep your eyes open for an increase!

If you are interested, post your insurer's name and I'll put up their stats.

Bullet Ride
02-01-2012, 04:35 PM
Largest 10 companies (by written premium) operating in Canada and their loss ratios % (premium collected/claims+expenses)
1 Intact 96.28
2 Aviva 98.35
3 TD 102.95
4 Co-op 105.05
5 RSA 94.46
6 Lloyds 85.24
7 State Farm 162.84
8 Axa 91.11
9 Wawanesa 103.20
10 Economical 103.32


...notable losers were...TD Gen. @ $65.2 million. (# 37)
If you have policies there, keep your eyes open for an increase!



So if a company is >100% they are making profit. Then how come TD posted a $65.2 million loss if they are at 102.95%? Is there a difference between TD and TD Gen.?

328IScreamer
02-01-2012, 04:49 PM
the personal.....how are they doing?

marek
02-01-2012, 11:18 PM
Do these include investment gains/losses?

Deep 3.2TL
02-02-2012, 12:25 AM
Hey hockeyfan27,

You asked me to let you know when my renewal came in as when we talked, the rate I was getting was quite good and you were curious about what the renewal said...

Ready for this?

My rates went DOWN!

I'm paying $241 a month for an 06 TL, 07 MDX and 07 Z4 3.0si with 2 drivers, age 34, no at fault accidents and 1 ticket on my wife. (TD Meloche Monnex)

I'd say that's pretty good!

E30 Girl
02-02-2012, 08:12 AM
Hey I need to change ins companies in June/July have to double check pm you're info maybe you can help me out. :)

SiR
02-02-2012, 09:22 AM
wawanesa

overall everyone is doing fine

hockeyfan27
02-02-2012, 10:06 AM
So if a company is >100% they are making profit. Then how come TD posted a $65.2 million loss if they are at 102.95%? Is there a difference between TD and TD Gen.?

In my haste to post and the end of my day, I reversed the equation. Should be claims+expenses / premium paid. So if a company has a ratio of 99.9 or less they are turning a profit. 100 is breaking even 100.1 is losing money.

the personal.....how are they doing? The Personal is owned by Desjardins (#11) 94.65%

Do these include investment gains/losses?
No, this is purely their insurance operation.

2010 investment income
Intact +344.6 mil
Aviva +327.2 mil
TD Gen +142.6 mil
Co-op +180.6 mil
RSA +150.6 mil
Lloyds +62.9 mil
State Farm +216.8 mil
Axa +137.0 mil
Wawa +202.6 mil
Eco +147.0 mil
Desjardins + 86.7 mil

Hey hockeyfan27,

You asked me to let you know when my renewal came in as when we talked, the rate I was getting was quite good and you were curious about what the renewal said...

Ready for this?

My rates went DOWN!

I'm paying $241 a month for an 06 TL, 07 MDX and 07 Z4 3.0si with 2 drivers, age 34, no at fault accidents and 1 ticket on my wife. (TD Meloche Monnex)

I'd say that's pretty good! WOW That's excellent! I should move to Milton, my rate went up!

Hey I need to change ins companies in June/July have to double check pm you're info maybe ou can help me out. :)
Pm or feel free to email me j(dot)fraser(at)brokerforce(dot)ca *th-up*

wawanesa

overall everyone is doing fine well, over a 1/3 of the companies lost money. But I agree, the industry isn't going to collapse.

Bullet Ride
02-02-2012, 10:23 AM
In my haste to post and the end of my day, I reversed the equation. Should be claims+expenses / premium paid. So if a company has a ratio of 99.9 or less they are turning a profit. 100 is breaking even 100.1 is losing money.

That makes more sense. I'm with TD however my renewal isn't going to come up until October. I'll have to wait and see if it goes up or down. Since I'm still under 25 I'd hope that my rate will still be dropping for a few more years before it levels off and starts to fluctuate.

damameke
02-02-2012, 10:51 AM
Pm or feel free to email me j(dot)fraser(at)brokerforce(dot)ca *th-up*.


Will email you again for quote,you did mine last renewal
but it wasnt that great a difference so stayed with RBC..

kay

ALPINA MAN
02-03-2012, 09:37 PM
Iím one of Jonathanís clients; I must say that I received great service as well as helpful and good advice.*th-up*

slemmer
02-04-2012, 08:24 PM
I'm with Avivya (Scottish & York). I keep seeing rates rise and after seeing that they've made money I'll be sure to challenge my advisor upon the next renewal. PC Insurance offers auto coverage and they're underwritten by Scottish & York. When those folks gave me a lower quote I questioned my broker who I've been with for well over 20 years and to my "surprise" they lowered my premium. Go figure...