Keyword
RoE
2023 P&C financial results return to Earth
April 12, 2024 by David GambrillGravity brought financial results for Canada’s property and casualty insurance industry back down to Earth in 2023, despite a rebound to pre-pandemic investment returns. “As we predicted last year at this time, the abnormally high industry returns for 2021 and…
How the industry’s ROE is trending
April 26, 2023 by Jason ContantThe Canadian property and casualty insurance industry’s return on equity (ROE) last year dropped a few percentage points from the 17% to 18% level it was in 2021, but it’s still above the long-run average of 10.1%, a new industry…
Why 2022 industry results could be one for the record books
January 27, 2023 by Jason ContantHistorically good underwriting combined with historically bad investment results have made the Canadian P&C industry’s 2022 Q3 financial results unique, per the latest quarterly report from the Property and Casualty Insurance Compensation Corporation (PACICC). The decline in investment returns is…
Industry’s 2022 results won’t be as good as 2021, Definity CEO predicts
May 13, 2022 by Jason ContantDefinity Financial Corporation president and CEO Rowan Saunders doesn’t expect the Canadian P&C insurance industry’s return on equity to remain as elevated as it was last year. In 2021, the industry’s ROE hit 17%. The industry also recorded the lowest-ever…
How auto could be the force that eats into Canadian insurers’ results
April 8, 2022 by David GambrillWith ROE levels in the Canadian P&C industry at a historic high of 17%, count Lloyds Canada among the list of insurance providers that caution the industry not to squander the hard-won gains of the hard market in a bid…
What effect will investor pressure have on the insurance industry?
June 19, 2020 by Adam MalikDemands are being placed on the insurance industry and that could set up some tense moments with a couple of groups, suggested the head of Zurich Canada. Demand from insurers, investors and shareholders are significant challenges to the industry as…
What may happen when Intact’s ROE reaches the mid-teens
February 5, 2020 by David GambrillDon’t expect in 2020 to see the Canadian P&C industry’s return on equity (ROE) rise to the level of the 10%, which is one possible indicator that the hard market may be ending, according to Intact president and CEO Charles…
This reinsurer says rates need to go up
September 10, 2018 by Jason ContantUnderwriting margins will need to improve by at least six to nine points in major western markets to deliver sustainable returns, according to the latest sigma report from global reinsurer Swiss Re. The report Profitability in non-life insurance: mind the…
90% of drivers in this province think that insurance companies are “profitable”
May 15, 2018 by Jason ContantNine out of 10 drivers in Newfoundland and Labrador believe insurance companies operating in the province are profitable, according to a new poll commissioned by Aviva Canada. “I cannot speculate about why people seem to believe this, but I can…
New Ontario financial authority should monitor auto insurers with ‘unusual number’ of LAT appeals: Marshall
April 12, 2017 by Canadian UnderwriterNeither the behaviour of personal injury lawyers nor “excess profits” of insurers are to blame for high auto premiums in Ontario, but the government should consider restricting lawyers’ contingency fees, a special advisor to the provincial government suggested in a…
Desjardins General Insurance Group reports net income of $12.1 million for Q3 2016 compared to net loss of $32 million in Q3 2015
November 14, 2016 by Canadian UnderwriterLévis, Que.-based Desjardins General Insurance Group (DGIG) – a Desjardins Group subsidiary specializing in property and casualty insurance – has reported a net income of $12.1 million in the third quarter of 2016 ending Sept. 30, compared to a net…
U.S. homeowners premiums set to surpass US$90 billion for the first time: Aon Benfield
October 25, 2016 by Canadian UnderwriterAon Benfield is forecasting continued growth in direct homeowners insurance premiums in the United States for 2016, despite a decreasing return on equity (ROE) for insurers. Aon Benfield, the global reinsurance intermediary and capital advisor of Aon plc, released its…