Alberta Superintendent of Insurance Annual Report. Business

Transcription

1 Alberta Superintendent of Insurance Annual Report Business 2007

2 LETTER OF TRANSMITTAL TO MINISTER FROM SUPERINTENDENT OF INSURANCE The Honourable Iris Evans Minister of Finance and Enterprise 208 Legislature Building Edmonton, Alberta Dear Honourable Iris Evans: Pursuant to section 799 (2) of the Insurance Act, I am pleased to send you the 95th Annual Report of the Superintendent of Insurance, which shows the insurance business transacted in Alberta for the year ended December 31, The Annual Report includes: (a) (b) (c) a summary of insurance companies licensed under the Insurance Act; summaries of premiums written and claims incurred; and detailed financial statements of provincial companies. Yours truly, original signed by Dennis Gartner Superintendent of Insurance cc: Mr. Robert Bhatia Deputy Minister, Finance and Enterprise i

3 SUMMARY OF INSURANCE BUSINESS IN ALBERTA Alberta Insurance Statistics Business of 2007 Premiums Written Life $ 1,800,799 General $ 7,512,524 Total and Disbursements Life $ 1,575,606 General $ 4,271,336 Total Amount of Life Insurance in Force $ 367,547,699 Insurers Licensed in Alberta Life Insurers 81 Fraternal Benefit Societies 14 Reciprocal Insurance Exchanges 19 Alberta Incorporated Insurers 9 Property and Casualty Insurers 160 INSURERS LICENSED IN ALBERTA 283 ii

4 TABLE OF CONTENTS Page LETTER OF TRANSMITTAL TO MINISTER FROM SUPERINTENDENT OF INSURANCE SUMMARY OF INSURANCE BUSINESS IN ALBERTA i ii TABLE OF CONTENTS SUMMARY OF LICENCES ISSUED UNDER THE INSURANCE ACT STATISTICAL REVIEW OF INSURANCE BUSINESS IN ALBERTA Comparative Analysis of Life Insurance in Force Individual and Group Premiums Written and Disbursements (Graph) Premiums Written and Disbursements (Graph) Comparative Summary of Premiums Written and Including Dividends Comparative Summary of Premiums Written and by Class of Insurance LIST OF INSURANCE COMPANIES LICENSED IN ALBERTA ANNUAL STATEMENT OF PROVINCIAL COMPANIES Alberta Motor Association Insurance Company First Canadian Insurance Corporation Fortress Insurance Corporation Innovative Insurance Corporation Mennonite Mutual Insurance Co. (Alberta) Ltd Millennium Insurance Corporation Peace Hills General Insurance Company Trans Global Insurance Company Trans Global Life Insurance Company ABSTRACT OF RETURNS Life Insurance Direct Premiums Written Life Insurance Direct Annuities and Dividends Life Insurance Exhibit of Certificates Fraternal Societies Direct Premium (Including Dues) and Direct Incurred Fraternal Societies Exhibit of Certificates Automobile and Property Insurance Accident and Sickness Insurance Liability and Fidelity Insurance Surety and Boiler & Machinery Insurance Aircraft and Marine Insurance Hail and Title Insurance Mortgage and Credit Insurance Legal Expense Insurance

5 SUMMARY OF LICENCES ISSUED UNDER THE INSURANCE ACT Insurers Licensed in 2007 (a) There were 28 3 insurance companies and exchanges licensed at December 31, Provincial Companies ExtraProvincial Companies Canadian Authorized Companies Fraternal Societies Reciprocal Exchanges b) The following five insurance companies and exchanges became licensed in Alberta during Associated Electric and Gas Insurance Services Limited Berkley Insurance Company FedGas Insurance Reciprocal Exchange PMI Mortgage Insurance Company Canada Triad Guaranty Corporation Canada (c) The following fifteen insurance companies withdrew from Alberta during Avemco Insurance AXA Corporate Solutions Assurance Canadian Professional Sales Association Coronation Insurance Company Fidelity Investments Life Insurance Company Heritage General Insurance Company Liberty Mutual Fire Insurance Company Metlife Insurance Company of Connecticut Progressive Casualty Insurance Company Providence Washington Insurance Company Provident Life and Accident Insurance Company Revios Reinsurance Company of Canada Ltd. State Farm Life Insurance Company Transatlantic Reinsurance Company Western Agricultural Insurance Corporation (d) The following three insurance companies changed their name during Former Name Current Name Euler American Credit Indemnity Company to Euler Hermes American Credit Indemnity Company IndustrialAlliance Pacific Life Insurance Corporation to Industrial Alliance Pacific Insurance and Financial Services Inc. St. Paul Guarantee Insurance Company to Travelers Guarantee Company of Canada (e) Application for Alberta Licence during Mercantile Life Insurance Company was incorporated as a provincial insurer under the Insurance Act. However, this company has not applied for a licence to transact insurance. 2

6 SUMMARY OF LICENCES ISSUED UNDER THE INSURANCE ACT Summary of Business For the year 2007, the total insurance premiums paid to insurers was, nine billion, six hundred thirteen million three hundred nine thousand dollars ($9,613,309,000) compared to the 2006 figure of eight billion, eight hundred sixty million, four hundred thirty four thousand ($8,860,434,000). Insurance Councils In 2007, the Alberta Insurance Council issued 32,635* Certificates. These included 28,419* Certificates of Authority to insurance agents and adjusters and 4,216 Corporate Certificates of Authority. A total of 523 complaint files were opened and a total of 58 disciplinary actions were taken. Decisions of the Insurance Councils were appealable to the Insurance Councils Appeal Board. A total of ten appeals were heard. Of these appeals, three were allowed, one was varied, two appeals are pending, two appeals were abandoned, and two were dismissed. The Appeal that was varied by the Appeal Panel produced the following result: In the first instance the Council had found the agent firm guilty of an offense under the Insurance Act and had ordered the Certificate of Authority be suspended for a period of one month and that a civil penalty of $2, be levied against the agent. On appeal, the Appeal Panel confirmed the Councils finding of quilt; however, they varied the original decision by quashing the period of suspension. The Appeal Panel upheld the civil penalty of $2, Administrative Penalties In 2007 the Superintendent of Insurance issued twentynine administrative penalties, pursuant to section 789 of the Insurance Act and the Enforcement and Administrative Regulation. The total amount of administrative penalties levied and collected was $396,000 from the following insurance companies. The number of individual penalties is indicated in the brackets. Certas Direct Insurance Company (1) $ 5,000 The Personal Insurance Company (1) $ 5,000 Millennium Insurance Company (1) $ 5,000 Kingsway General Insurance Company (3) $30,000 State Farm Mutual Automobile Insurance Company (1) $11,000 Jevco Insurance Company (2) $14,000 First Canadian Insurance Company (1) $10,000 Cumis General Insurance Company (4) $20,000 Coseco Insurance Company (2) $10,000 Markel Insurance Company of Canada (6) $60,000 ING Insurance Company of Canada (2) $119,000 ING Novex insurance Company of Canada (1) $1,000 Manufacturers Life Insurance Company (1) $1,000 Cooperators Life Insurance Company )1) $1,000 Unifund Assurance Company (2) $94,000 Total Penalties: $396,000 *Revision Jan 6,

7 STATISTICAL REVIEW OF INSURANCE BUSINESS IN ALBERTA Comparative Analysis of Life Insurance in Force (Excluding Fraternal Societies) Alberta Business Only 2007 Amount of Insurance in Force ($ 000) INDIVIDUAL Amount of Premiums Collected ($ 000) Average Annual Premium Per $1,000 Insurance in Force Amount of Insurance in $1,000 Insurance in Force GROUP Amount of Premiums Collected ($ 000) Average Annual Premium Per $1,000 Insurance in Force ,328, , ,446, , ,957, , ,507, , ,415, , ,037, , ,392, , ,762, , ,254, , ,036, , ,518, , ,762, , ,987, , ,616, , ,375, , ,179, , ,293,107 1,011, ,405, , * 169,761,064 1,085, ,884, , ,335,147 1,184, ,212, , * Adjusted Note: The figures above do not include annuities 4

8 STATISTICAL REVIEW OF INSURANCE BUSINESS IN ALBERTA Premiums Written and Disbursements to Policyholders Alberta Business Only 2007 LIFE INSURANCE Amount ($ millions) Summary of Total Premiums, and Disbursements Total Premiums Total Disbursements Amount ($ millions) 1,800 1,700 1,600 1,500 1,400 1,300 1,200 1,100 1, Summary of Total Premiums 0 Life Premiums Annunity Premiums Amount ($ millions) 1, and Disbursements 0 Annuities Death Dividends 5

9 STATISTICAL REVIEW OF INSURANCE BUSINESS IN ALBERTA Direct Premiums and Alberta Business Only 2007 OTHER THAN LIFE INSURANCE Amount ($ millions) Automobile Property Accident & Sickness Liability Class of Insurance Premiums Disbursements 6

10 Superintendent of of Insurance Annual Report 2007 STATISTICAL REVIEW OF INSURANCE BUSINESS IN ALBERTA Comparative Summary of Premiums Written and Including Dividends Alberta Business Only 2007 LIFE INSURANCE * OTHER THAN LIFE Premiums and Other Direct Premiums Including Direct ($ 000) Disbursements ($ 000) Adjustment ($ 000) Ratio Expenses ($ 000) Ratio ,316,979 1,771, % 3,205,883 2,286, % ,253,102 1,499, % 3, ,331, % ,463,619 1,533, % 3,465,031 2,425, % ,466,588 1,542, % 3,710,295 2,771, % ,630,364 1,421, % 4,152,045 3,229, % ,644,212 1,322, % 4,887,821 3,217, % ,715,900 1,328, % 5,598,330 3,595, % ,857,306 1,475, % 5,875,568 3,444, % 2005** 1,960,712 1,512, % 6,186,206 4,584, % 2006** 1,947,587 1,568, % 6,918,386 3,420, % 2007** 2,117,698 1,575, % 7,512,524 4,271, % * Includes ordinary and group insurance and ordinary and group annuities ** Disbursements no longer include matured endowments and surrender values Comparative Summary of Premiums Written and by Class of Insurance OTHER THAN LIFE INSURANCE Premiums Including Adjustment Expenses Ratio Class 2007 ($'000) 2007 ($'000) Accident & Sickness 1,636, , % 52.9% 56.3% 59.5% 62.6% Aircraft 45,349 6, % 42.5% 25.2% 6.9% 21.7% Automobile 2,979,221 1,825, % 61.4% 63.1% 63.9% 66.4% Boiler & Machinery 102,522 19, % 15% 64.2% 75.4% 100.2% Credit 1, % 116.7% 350.4% 229.7%.6% Fidelity 10, % 50.8% 38.1% 32.8% 31.9% Hail 14,397 17, % 78.0% 77.2% 85.8% 64.0% Legal Expense % 47.9% Liability 740, , % 36.6% 49.7% 62.3% 44.8% Marine 16,456 19, % 13.9% 213.5% 8.4% 96.1% Mortgage 201,929 1, % 11.1% 9.1% 3.2% Property 1,697,377 1,081, % 37.4% 129.0% 51.8% 73.4% Surety 51, % 11.7% 130% 7.3% 24.8% Title 18,727 3, % 16.2% 18.1% 14.0% 22.7% 7

11 INSURANCE COMPANIES LICENSED IN ALBERTA ACA Assurance Life, Accident and Sickness To the extent authorized by its 3050 Boul St. Jean Articles of Incorporation, Constitution and bylaws TroisRivieres, QC G9A5E1 ACE INA Insurance Accident and Sickness, Aircraft, Automobile, Boiler & 2 First Canadian Place, The Exchange Tower Machinery, Fidelity, General Liability, Hail, Marine, 130 King Street West Property, Surety 12th Floor M5X 1A8 ACE INA Life Insurance 130 King Street West, 12th Floor M5X1A6, Loss of Employment Actra Fraternal Benefit Society Life, Accident and Sickness To the extent authorized by its 1000 Yonge Street Articles of Incorporation, Constitution and bylaws M4W 2K2 Aetna Life Insurance Company 1145 Nicholson Rd. Unit 2 New Market, ON L3Y9C3 Affiliated F.M. Insurance Company Suite 500, 165 Commerce Valley Drive West Thornhill, ON L3T7V8 AIG Assurance Canada 60 Yonge Street M5E 1H5 AIG Life Insurance Company of Canada 60 Yonge Street M5E1H5 AIG United Guaranty Mortgage Insurance Company Canada 123 Front St. West, Suite 909 M5J2M2 Boiler & Machinery, Fidelity, General Liability, Property, Surety Mortgage Alberta Local Authorities' Reciprocal Insurance Exchange Discontinuing To allow its existing contracts to run to 2510 Sparrow Drive maturity, to collect premiums and pay claims but not to Nisku, AB undertake or renew contracts of insurance in the Province of T9E8N5 Alberta Alberta Motor Association Insurance Company Accident and Sickness, Automobile, Boiler & Machinery, G.A. MacDonald Avenue General Liability, Property Edmonton, AB T6J 6R7 8

12 INSURANCE COMPANIES LICENSED IN ALBERTA NAME AND ADDRESS CLASSES OF INSURANCE Alberta Municipal Insurance Exchange Saskatchewan Drive Edmonton, AB T6E4S1 Alberta Roofing Contractors Reciprocal Insurance Exchange 2380 Pegasus Road NE Calgary, AB T2E8G8 Alberta School Boards Insurance Exchange 535 Dickens Loop Edmonton, AB T6M2S1 Liability, Property Liability Fidelity, Liability, Property Allianz Global Risk US Insurance Company Accident and Sickness, Aircraft, Automobile, Boiler & 130 Adelaide Street West, Suite 1600 Machinery, Liability, Marine, Property M5H3P5 Allianz Life Insurance Company of North America Suite 700, 2005 Sheppard Avenue East Willowdale, ON M2J 5B4 Allstate Insurance Company Aircraft, Automobile, Boiler & Machinery, Fidelity, General 27 Allstate Parkway, Suite 100 Liability, Hail, Property, Surety Markham, ON L3R 5P8 Allstate Insurance Company of Canada Automobile, Boiler & Machinery, Fidelity, General Liability, 27 Allstate Parkway, Suite 100 Legal Expense, Property, Surety Markham, ON L3R 5P8 American Bankers Insurance Company of Florida Accident and Sickness, Automobile, Credit, Fidelity, 5160 Yonge Street, Northeast Tower, Suite 500 General Liability, Property North York, ON M2N7C7 American Bankers Life Assurance Company of Florida 5160 Yonge Street, Northeast Tower, Suite 500 North York, ON M2N7C7 American Health and Life Insurance Company 201 Queens Avenue LONDON, ON N6A1J1 Life American Home Assurance Company Accident and Sickness, Aircraft, Automobile, Boiler & 145 Wellington Street West, 14th Floor Machinery, Credit, Fidelity, General Liability, Marine, Property, Surety M5J 1H8 9

13 INSURANCE COMPANIES LICENSED IN ALBERTA American Income Life Insurance Company c/o McLean & Kerr Suite 2800, 130 Adelaide Street West M5H 3P5 American Road Insurance Company Unit Nicholson Road Newmarket, ON L3Y9C3 AMEX Assurance Company 36 King Street East, Suite 500 M5C1E5 Automobile, Boiler & Machinery, Credit, Property, Surety Accident and Sickness Anglo Canada General Insurance Company Discontinuing To allow its existing contracts to run to 5700 Yonge Street, Suite 1400 maturity, to collect premiums and pay claims but not to North York, ON undertake or renew contracts of insurance in the Province of M2M4K2 Alberta Arch Insurance Company Accident and Sickness, Aircraft, Boiler & Machinery, Fidelity, 95 Wellington Street, 20th Floor Hail, Legal Expense, Liability, Property, Surety M5J2N7 Ascentus Insurance Ltd. Accident and Sickness, Automobile, Legal Expense, Liability, 10 Wellington Street East Marine, Property, Surety M5E1L5 Aspen Insurance (UK) Limited Accident and Sickness, Aircraft, Automobile, Boiler & Machinery 40 King Street West Suite 2100 Fidelity, Hail, Liability, Property, Surety, Marine M5E 1L5 Asset Protection Insurance Exchange 1221, 8th Street East Saskatoon, SK S7H0S5 Assumption Mutual Life Insurance Company 770 Main Street, P.O. Box 160 Moncton, NB E1C8L1 Atradius Credit Insurance N.V. 7 Mills Street East Annex, Suite 1000 Almonte, ON KOA1AO Avemco Insurance Company Suite 401, 133 Richmond Street West M5H 2L3 Boiler & Machinery, Property Credit Accident and Sickness, Aircraft, Marine 10

14 INSURANCE COMPANIES LICENSED IN ALBERTA Aviva Insurance Company of Canada Accident and Sickness, Aircraft, Automobile, Boiler & 2206 Eglinton Avenue East Machinery, Credit, Fidelity, General Liability, Guarantee, Scarborough, ON Hail, Legal Expense, Liability, Livestock, Marine, Property, M1L4S8 Surety, Weather Aviva International Insurance Limited 1400 Blair Place, Suite 500 Ottawa, ON K1J9B8 AXA Assurance Inc University Street, Suite 700 Montreal, QC H3A2A5 Aircraft, Liability, Marine, Property AXA Corporate Solutions Assurance Accident and Sickness, Aircraft, Automobile, Boiler & 2020 University Street, Suite 700 Machinery, Credit, Fidelity, Hail, Legal Expense, Liability, Montreal, QC Marine, Property, Surety H3A2A5 AXA Equitable Life Insurance Company Suite 606 P.O. Box 1455 Town Centre Court Scarborough, ON M1P4X4 AXA Assurance Inc University Street, 7th Floor Montreal, PQ H3A 2A5 AXA Insurance (Canada) Accident and Sickness, Aircraft, Automobile, Boiler & 5700 Yonge Street, Suite 1400 Machinery, Fidelity, General Liability, Legal Expense, North York, ON Marine, Property, Surety, Loss of Employment M2M4K2 AXA Pacific Insurance Company Accident and Sickness, Aircraft, Automobile, Boiler & 999 West Hasting Street Machinery, Credit, Fidelity, General Liability, Hail, Legal Vancouver, BC Expense, Marine, Property, Surety, Loss of Employment V6C 2W2 Belair Insurance Company Inc. Accident and Sickness, Automobile, Boiler & Machinery, 7101 JeanTalon, Suite 300 Fidelity, Legal Expense, Liability, Marine, Property, Surety Montreal, QC H1M3T6 Blue Cross Life Insurance Company of Canada 644 Main Street, P.O. Box 220 Moncton, NB E1C 8L3 BMO Life Insurance Company 55 Bloor Street West, 15th Floor M4W3N5, Loss of Employment 11

15 INSURANCE COMPANIES LICENSED IN ALBERTA Boiler Inspection and Insurance Company of Canada 18 King Street East M5C 1C4 British Aviation Insurance Company Limited (The) 100 Renfrew Drive Suite 200 Markham, ON L3R 9R6 Canada Life Assurance Company (The) 330 University Avenue M5G 1R8 Canada Life Insurance Company of Canada 330 University Avenue M5G1R8 Canadian Airports Reciprocal Insurance Exchange (CARIE) PO Box 9860, Edmonton International Airport Edmonton, AB T5J2T2 Canadian Applicators Insurance Reciprocal 1002 Warsaw Avenue Winnipeg, MB R3M1E4 Canadian Direct Insurance Incorporated Suite , Cambie Street Vancouver, BC V6B0A2 Boiler & Machinery, General Liability, Property Aircraft, General Liability, Inland Transportation, Loss of Employment Boiler & Machinery, Property Aircraft, Property Accident and Sickness, Automobile, Liability, Property Canadian Farm Insurance Corp. Accident, Automobile, restricted to automobile glass, Boiler & 375, St Alberta Trail Machinery, Fidelity, Liability, Property, Surety Edmonton, AB T5L4W1 Canadian Lawyers Insurance Association 600, th Avenue S.W. Calgary, ABT2R 1P3 Liability Canadian Northern Shield Insurance Company Accident and Sickness, Automobile, Boiler & Machinery, 1900, 555 West Hastings Street Fidelity, Liability, Property, Surety Vancouver, BC V6B 4N6 Canadian Premier Life Insurance Company 80 Tiverton Court Markham, ON L3R 0G4, Loss of Employment 12

16 INSURANCE COMPANIES LICENSED IN ALBERTA Canadian Professional Sales Association Life, Accident and Sickness To the extent authorized by its 310 Front Street West, Suite 800 Articles of Incorporation, Constitution and bylaws M5V3B5 Canadian Union Insurance Company 2475, Boul Laurier Sillery, QC G1T 1C4 Canadian Universities Reciprocal Insurance Exchange 5500 North Service Road, 9th Floor Burlington, ON L7L 6W6 Canassurance Insurance Company 550 Sherbrooke Street West, Suite B9 Montreal, QC H3A3S3 Centennial Insurance Company Suite 500, 36 King Street East M5C 1E5 Certas Direct Insurance Company 6300 boulevard de la RiveSud Levis, QC G6V6P9 Chicago Title Insurance Company 2700 Argentia Road Mississauga, ON L5N5V4 Chubb Insurance Company of Canada One Financial Place, 16th Floor, 1 Adelaide Street East M5C 2V9 CIBC Life Insurance Company Limited P.O Box 3020 Mississauga, ON L5A4M2 CIGNA Life Insurance Company of Canada Suite 606 P.O. Box 14, 55 Town Centre Court Scarborough, ON M1P4X4 Cooperators General Insurance Company Priory Square Guelph, ON N1H 6P8 Aircraft Liability, Property Accident and Sickness, Liability, Property Accident and Sickness, Aircraft, Automobile, Boiler & Machinery, Fidelity, Hail, Liability, Property, Surety Automobile, Liability, Marine, Property, Surety Title Accident and Sickness, Automobile, Boiler & Machinery, Credit, Fidelity, General Liability, Marine, Property, Surety Accident and Sickness, Aircraft, Automobile, Boiler & Machinery, Fidelity, General Liability, Hail, Legal Expense, Property, Surety 13

17 INSURANCE COMPANIES LICENSED IN ALBERTA Cooperators Life Insurance Company 1920 College Avenue Regina, SK S4P 1C4 Combined Insurance Company of America 7300 Warden Avenue Markham, ON L3R 0X3 Commerce and Industry Insurance Company of Canada Accident and Sickness, Aircraft, Automobile, Boiler & 145 Wellington Street West, 14th Floor Machinery, Credit, Fidelity, General Liability, Hail, Property, Surety M5J 1H8 Commonwealth Insurance Company Aircraft, Automobile, Boiler & Machinery, Fidelity, General 1500, 595 Burrard Street Liability, Marine, Property, Surety Vancouver, BC V7X 1G4 Community Newspapers Reciprocal Insurance Exchange Suite 103, 3050 Harvester Road Burlington, ON L7N 3J1 Compagnie Francaise d'assuarance Pour le Commerce Exterieur 40 King Street West, Suite 2100 Toronto, AB M5H3C2 CompCorp Life Insurance Company Suite, 1600, 1 Queen Street East M5C 2X9 Connecticut General Life Insurance Company Suite 606, P.O. Box 14, 55 Town Centre Court Scarborough, ON M1P4X4 General Liability Credit to the extent authorized by its incorporating instrument. Continental Casualty Company Accident and Sickness, Aircraft, Automobile, Boiler & 250 Yonge Street, Suite 1500 Machinery, Credit, Fidelity, General Liability, Hail, Marine, Property, Surety M5B2L7 Coronation Insurance Company Limited Discontinuing To allow its existing contracts to run to 77 King St West, 34 th Floor, P.O. Box 284 Royal Trust Tower maturity, to collect premiums and pay claims but not to undertake or renew contracts of insurance in the Province of M5K1K2 Alberta 14

18 INSURANCE COMPANIES LICENSED IN ALBERTA Coseco Insurance Company Priory Square Guelph, ON N1H 6P8 Crown Life Insurance Company Suite 1900, 1874 Scarth Street Regina, SK S4P4B3 CT Financial Assurance Company Richmond Adelaide Centre, 120 Adelaide Street West, 2nd Floor M5H1T1 Accident and Sickness, Automobile, General Liability, Property Life Cumis General Insurance Company Accident and Sickness, Automobile, Boiler & Machinery, 151 North Service Road P.O. Box 5065 Fidelity, General Liability, Property, Surety Burlington, ON L7R 4C2 Cumis Life Insurance Company 151 North Service Road P.O. Box 5065 Burlington, ON L7R 4C2 CUNA Mutual Insurance Society Discontinuing To allow its existing contracts to run to 151 North Service Road P.O. Box 5065 maturity, to collect premiums and pay claims but not to Burlington, ON undertake or renew contracts of insurance in the Province of L7R 4C2 Alberta DaimlerChrysler Insurance Company 2425 Matheson Blvd East, Suite 300 East Tower Mississauga, ON L4W5N7 Desjardins Financial Security Life Assurance Company 200 avenues des Commandeurs Levis, QC G6V6R2 Automobile, General Liability, Property, Surety Dominion of Canada General Insurance Company (The) Aircraft, Automobile, Boiler & Machinery, Fidelity, General 165 University Avenue Liability, Property, Surety M5H 3B9 Eagle Star Insurance Company Limited Suite King Street East M5C 1E5 Accident and Sickness, Aircraft, Automobile, Boiler & Machinery, Fidelity, General Liability, Marine, Property, Surety 15

19 INSURANCE COMPANIES LICENSED IN ALBERTA Ecclesiastical Insurance Office Public Limited Company Suite 2200, Box 2004, 20 Eglinton Avenue West Automobile, Boiler & Machinery, Fidelity, General Liability, Marine, Property Echelon General Insurance Company Accident and Sickness, Automobile, Legal Expense, Liability, 1550 Enterprise Road Suite 310 Property, Surety Mississauga, ON L4W4P4 Economical Mutual Insurance Company Automobile, Boiler & Machinery, Fidelity, General Liability, 111 Westmount Road South Marine, Property, Surety Waterloo, ON N2J 4S4 Electric Insurance Company 40 King Street West, Suite 2100 M5H3C2 Elite Insurance Company 4th Floor 2206 Eglinton Avenue East Scarborough, ON M1L 4S8 Empire Life Insurance Company (The) 259 King Street East P.O. Box 1000 Kingston, ON K7L 3A8 Automobile, Liability, Property Accident and Sickness, Aircraft, Automobile, Boiler & Machinery, Employers' Liability, Fidelity, General Liability, Hail, Marine, Property, Surety Employers Insurance Company of Wausau Aircraft, Automobile, Boiler & Machinery, Fidelity, General 181 Bay Street Suite 1000 Liability, Marine, Property, Surety M5J2T3 Employers Reinsurance Corporation Suite 400 P.O. Box 166, 200 Wellington Street West M5V 3C7 Boiler & Machinery, General Liability, Property Endurance Reinsurance Corporation of America Accident and Sickness, Aircraft, Automobile, Boiler & 36 King Street East, Suite 500 Machinery, Fidelity, Liability, Property, Surety, Loss of, Employment, Limited to the business of reinsurance M5C1E5 Energy Insurance Exchange (EIR) Suite 500, 7177th Avenue SW Calgary, AB T2P0Z3 Automobile, General Liability, Property Equitable General Insurance Company (The) Discontinuing To allow its existing contracts to run to 2475 Laurier Boulevard maturity, to collect premiums and pay claims but not to Sillery, QC undertake or renew contracts of insurance in the Province of G1T 1C4 Alberta 16

20 INSURANCE COMPANIES LICENSED IN ALBERTA Equitable Life Insurance Company of Canada (The) One Westmount Road North Waterloo, ON EULER American Credit Indemnity Company CIBC Tower, Suite Rene Levesque Blvd. West Montreal, QC H3B3Z7 Credit Everest Insurance Company of Canada Aircraft, Automobile, Boiler & Machinery, Credit, Fidelity, 130 King Street West, Suite 2520, P.O. Box 431 Hail, Liability, Property, Surety M5X1E3 Factory Mutual Insurance Company Suite 500, 165 Commerce Valley Drive West Thornhill, ON L3T7V8 Boiler & Machinery, Fidelity, General Liability, Marine, Property, Surety FCT Insurance Company Ltd. Liability, Property (limited to personal property title insurance), 2235 Sheridan Garden Drive Title Oakville, ON L6J7Y5 Federal Insurance Company 1st Financial Place, One Adelaide Street East M5C 2V9 Federated Insurance Company of Canada P.O. Box 5800, 717 Portage Avenue Winnipeg, MB R3C 3C9 Accident and Sickness, Automobile, Boiler & Machinery, Fidelity, General Liability, Marine, Property, Surety Automobile, Boiler & Machinery, Fidelity, General Liability, Property, Surety Federation Insurance Company of Canada Automobile, Boiler & Machinery, Fidelity, General Liability, 1000, De La Gauchetiere Street W. Suite 500 Legal Expense, Marine, Property, Surety Montreal, QC H3B 4W5 FedGas Insurance Reciprocal Exchange Automobile Physical Damage, Boiler & Machinery, Fidelity, General #201, 115 Portage Close Liability, Property Sherwood Park, AB T8H2R5 Fenchurch General Insurance Company Promotory 2, 2655 North Sheridan Way Unit 115 MISSISSAUGA, ON L5K2P8 Fidelity Investment Life Insurance Company 483 Bay Street, Suite 200 M5G2N7 Automobile, Boiler & Machinery, Fidelity, Liability, Property, Surety, Vehicle Warranty Life 17

21 INSURANCE COMPANIES LICENSED IN ALBERTA Fidelity Investments Insurance Company of Canada 483 Bay Street Suite 200 M5G2N7 First American Title Insurance Company 2235 Sheridan Garden Drive Oakville, ON L6J7Y5 First Canadian Insurance Corporation Avenue Edmonton, AB T6E 2B1 First North American Insurance Company 2 Queen Street East, 6th Floor M2C3G7 Forethought Life Insurance Company Suite 2100 Scotia Plaza, 40 King Street West M5H3C2 Fortress Insurance Company Suite 2505 Toronto Dominion Tower, Avenue Edmonton, AB T5J2Z1 GCAN Insurance Company Suite University Avenue M5G 1V6 General American Life Insurance Company Suite 1000, 1225 Peel Street Montreal, QC H3B2T9 Genesis Reciprocal Insurance Exchange 900, A Avenue Edmonton, AB T5J0Y2 Genworth Financial Mortgage Insurance Company Canada 2060 Winston Park Drive, Suite 300 Oakville, ON L6H5R7 Gerber Life Insurance Company 1145 Nicholson Road, Unit # 2 New Market, ON L3Y9C3 Life Property limited to personal property title insurance, Title Accident and Sickness, Automobile, Property Life Automobile Aircraft, Automobile, Boiler & Machinery, Credit, Employers' Liability, Explosion, Fire, Guarantee, Inland Marine, Inland Transportation, Livestock, Marine, Plate Glass, Property, Property Damage, Public Liability, Sprinkler Leakage, Surety, Theft, Weather, Workers' Liability, Property Mortgage Life 18

22 INSURANCE COMPANIES LICENSED IN ALBERTA GMS Insurance Inc. #200, 3303 Hillsdate Street Regina, SK S4S7J8 Accident and Sickness, Property, Theft, Weather Gore Mutual Insurance Company Accident and Sickness, Aircraft, Automobile, Boiler & 252 Dundas Street Machinery, Credit, Explosion, Fire, Forgery, Guarantee, Cambridge, ON Hail, Inland Transportation, Livestock, Plate Glass, N1R 5T3 Property, Sprinkler Leakage, Theft, Weather, Workers' Grain Insurance and Guarantee Company Richardson Building, 1240 One Lombard Place Winnipeg, MB R3B 0V9 Automobile, Boiler & Machinery, Fidelity, General Liability, Property, Surety Grand Orange Lodge of British America Benefit Fund (The) Life To the extent authorized by its Articles of Incorporation, 94 Sheppard Avenue West Constitution and bylaws Willowdale, ON M2N 1M5 Great American Insurance Company Suite 2100, Scotia Plaza, 40 King Street M5H 3C2 Aircraft, Automobile, Boiler & Machinery, Fidelity, General Liability, Hail, Marine, Property, Surety Great American Insurance Company of New York Automobile, Boiler & Machinery excluding Machinery, Hail, 2100 Scotia Plaza, 40 King Street Liability, Property M5H 3C2 GreatWest Life Assurance Company (The) 100 Osborne Street, North Winnipeg, MB R3C 3A5 Green Shield Canada 5001 Yonge Street, Suite 1600 North York, ON M2N 6P5 Accident and Sickness Guarantee Company of North America (The) Accident and Sickness, Automobile, Credit, Fidelity, Liability, 4950 Yonge Street, Madison Centre Suite 1400 Property, Surety M2N6K1 Hartford Fire Insurance Company P.O. Box 600, 36 York Mills Road, Suite 504 M2P2E9 Hartford Life Insurance Company 4 King Street West, Suite 1103 M5H1B6 Accident and Sickness, Aircraft, Automobile, Boiler & Machinery, Fidelity, Hail, Liability, Marine, Property, Surety 19

23 INSURANCE COMPANIES LICENSED IN ALBERTA Healthcare Insurance Reciprocal of Canada Suite 1600, 4711 Yonge Street North York, ON M2N6K8 Heritage General Insurance Company 5th Floor, 401 Bay Street M5H 2Y4 Household Life Insurance Company 3381 Steeles Avenue East, Suite 300 M2H3S7 Independent Order of Foresters (The) 15th Floor, 789 Don Mills Road M3C 1T9 Industrial Alliance Insurance and Financial Services Inc. 1080, Chemin St. Louis C.P. 1907, Succursale Terminus Sillery, QC G1K 7M3 IndustrialAlliance Pacific General Insurance Corporation 2165 Broadway West, PO Box 5900 Vancouver, BC V6B5H6 IndustrialAlliance Pacific Life Insurance Company 2165 Broadway West Vancouver, BC V6K4N5 Fidelity, Legal Expense, Liability, Property Accident and Sickness Life, Accident and Sickness To the extent authorized by its Articles of Incorporation, Constitution and bylaws Accident and Sickness, Boiler & Machinery, Property, Surety, Loss of Employment ING Insurance Company of Canada Accident and Sickness, Aircraft, Automobile, Boiler & 700 University Avenue, Suite 1500A Machinery, Credit, Fidelity, Hail, Legal Expense, Liability, Marine, Property, Surety, Loss of Employment M5G0A1 ING Novex Insurance Company of Canada Accident and Sickness, Automobile, Boiler & Machinery, 700 University Avenues, Suite 1500A Credit, Fidelity, General Liability, Legal Expense, Marine, Property, Surety M5G0A1 Innovative Insurance Corporation Automobile limited to comprehensive coverage on automobile 200, Avenue window glass, Boiler & Machinery, Property Edmonton, AB T5S2H5 Jevco Insurance Company Suite Decarie Blvd Montreal, QC H3X2H9 Automobile, General Liability, Property, Surety 20

24 INSURANCE COMPANIES LICENSED IN ALBERTA Jewelers Mutual Insurance Company 40 King Street West, Suite 2100 M5H3C2 John Hancock Life Insurance Company Suite 2800, 130 Adelaide Street West M5H 3P5 Jubilee Reciprocal Insurance Exchange 900 Floor Merrill Lynch Tower A Avenue Edmonton, AB T5J 0Y2 Boiler & Machinery, Fidelity, Liability, Property limited to servicing policies issued prior to December 31, 1995 with exception of business arising from conversion of group policies to individual policies, policies issued jointly with The Maritime Life Assurance Property Kingsway General Insurance Company Automobile, Boiler & Machinery, Fidelity, Liability, Marine, 200, 5310 Explorer Drive Property, Surety Mississauga, ON L4W 5H8 Knights of Columbus Life, Accident and Sickness To the extent authorized by its 25 Campbell Street Articles of Incorporation, Constitution and bylaws Belleville, ON K8N1S6 L'Entraide Assurance Mutual Company 520 Charest Blvd. East, PO Box 2324 Quebec City, QC G1K7P5 La Capitale Insurance and Financial Services Inc. 625 rue StAmable, QC G1R2G5 Lawyers Title Insurance Corporation 90 Mulcaster Street Barrie, ON L4M4Y5 Lawyers' Professional Indemnity Company 1 Dundas Street West, Suite 2200 M5G1Z3 Legacy General Insurance Company 80 Tiverton Court Markham, ON L3R OG4 Liberty Life Assurance Company of Boston 181 Bay Street Suite 1000 M5J2T3 Title Liability, Title Accident and Sickness, Property, Loss of Employment 21

25 INSURANCE COMPANIES LICENSED IN ALBERTA Liberty Mutual Fire Insurance Company Suite 1000, 181 Bay Street, M5J 2T3 Accident and Sickness, Aircraft, Automobile, Boiler & Machinery, Fidelity, General Liability, Marine, Property, Surety limited to servicing of existing policies, except for automobile insurance. Liberty Mutual Insurance Company Accident and Sickness, Aircraft, Automobile, Boiler & 181 Bay Street, Suite 1000 Machinery, Fidelity, General Liability, Marine, Property, Surety M5J2T3 Life Insurance Company of North America Suite 606, P.O. Box 14, 55 Town Centre Court Scarborough, ON M1P4X4 Life Investors Insurance Company of America c/o John Milnes & Associates, 1300 Bay Street 4th Floor M5R3K8 Lloyd's Underwriters Suite 1540, 1155 rue Metcalfe Montreal, QC H3B 2V6 Accident and Sickness, Aircraft, Automobile, Boiler & Machinery, Credit, Fidelity, General Liability, Hail, Legal Expense, Marine, Property, Surety Lombard General Insurance Company of Canada Accident, Aircraft, Automobile, Boiler & Machinery, Credit, 105 Adelaide Street West Fidelity, Hail, Liability, Marine, Property, Surety M5H 1P9 Lombard Insurance Company Accident and Sickness, Aircraft, Automobile, Boiler & 105 Adelaide Street West Machinery, Credit, Fidelity, Hail, Liability, Marine, Property, Surety M5H 1P9 London and Midland General Insurance Company Accident and Sickness, Automobile, Boiler & Machinery, 201 Queens Avenue Fidelity, Legal Expense, Liability, Property, Surety, Loss London, ON of Employment N6A 1J1 London Life Insurance Company 255 Dufferin Avenue London, ON N6A 4K1 Lumbermen's Underwriting Alliance Suite # 300, 455 Fenelon Boulevard Dorval, QC H9S5T8 Lumbermens Mutual Casualty Company Suite 500, 7039 Woodwine Avenue Markham, ON L3R6G2 Boiler & Machinery, Inland Marine, Marine, Property Discontinuing To allow its existing contracts to run to maturity, to collect premiums and pay claims but not to undertake or renew contracts of insurance in the Province of Alberta 22

26 INSURANCE COMPANIES LICENSED IN ALBERTA Lutheran Life Insurance Society of Canada Life, Accident and Sickness To the extent authorized by its 470 Weber Street North Articles of Incorporation, Constitution and bylaws Waterloo, ON N2J 4G4 Manufacturers Life Insurance Company (The) 200 Bloor Street East M4W1E5 Manulife Canada Ltd. 500 King Street North Waterloo, ON N2J4C6 Markel Insurance Company of Canada Aircraft, Automobile, Boiler & Machinery, Fidelity, General 55 University Avenue, 15th Floor Liability, Hail, Marine, Property, Surety M5J2H7 Massachusetts Mutual Life Insurance Company Suite 2800, 130 Adelaide Street West M5H 3P5 MAX Canada Insurance Company 140 Foundry Street Baden, ON N3A2P7 MD Life Insurance Company 1870 Alta Vista Drive Ottawa, ON K1G6R7 Mennonite Mutual Insurance Co. (Alberta) Ltd. #300, nd Street NE Calgary, AB T1Y6J7 Boiler & Machinery, Fidelity, Liability, Marine, Property Life Automobile, Fidelity, General Liability, Property MetLife Insurance Company of Connecticut Discontinuing To allow its existing contracts to run to 1145 Nicholson Road, Unit 2 maturity, to collect premiums and pay claims but not to Newmarket, ON undertake or renew contracts of insurance in the Province of L3Y9C3 Alberta Metropolitan Life Insurance Company Suite 1750, 360 Albert Street Ottawa, ON K1R7X7 Millennium Insurance Corporation Automobile, Guarantee insurance limited to liability under Avenue warranties issued on automobile protection products, Liability, Edmonton, AB Property, Vehicle Warranty T6E2B1 23

27 INSURANCE COMPANIES LICENSED IN ALBERTA Minnesota Life Insurance Company Suite 2800, 130 Adelaide Street West M5H 3P5 Missisquoi Insurance Company (The) 50 rue Principale Frelighsburg, QC JOJ 1CO Life Automobile, Property Mitsui Sumitomo Insurance Company, Limited Accident and Sickness, Aircraft, Automobile, Boiler & 1 Adelaide Street, East, 24th Floor Machinery, Fidelity, General Liability, Liability, Marine, Property, Surety M5C2V9 Mortgage Insurance Company of Canada (The) Suite 400, 100 Yonge Street M5H 1H1 Motors Insurance Corporation Suite 400, 8500 Leslie Street P.O. Box 6000 Thornhill, ON L4B4S2 Munich Reinsurance America Inc. Munich Re Centre, 390 Bay St 22nd Floor M5H2Y2 National Bank Life Insurance Company 600 de La Gauchetiere West, 4th Floor Montreal, QC H3B 4L2 National Liability & Fire Insurance Company 3650 Victoria Park Avenue, Suite 201 M2H3P7 National Life Assurance Company of Canada (The) 522 University Avenue M5G1Y7 New York Life Insurance Company Suite 2100 Scotia Plaza, 40 King Street West M5H 3C2 Fidelity, Mortgage, Surety Automobile, Boiler & Machinery, Fidelity, General Liability, Property, Surety Accident and Sickness, Aircraft, Automobile, Boiler & Machinery, Credit, Fidelity, Hail, Liability, Marine, Property, Surety Aircraft, Liability Nipponkoa Insurance Company, Limited Aircraft, Automobile, Boiler & Machinery, Fidelity, General 121 King Street West, Suite 1200 Box 93 Liability, Inland Marine, Marine, Property, Surety M5H3T9 24

28 INSURANCE COMPANIES LICENSED IN ALBERTA Nordic Insurance Company of Canada (The) Accident and Sickness, Aircraft, Automobile, Boiler & 700 University Avenue, Suite 1500A Machinery, Credit, Employers' Liability, Fidelity, General Liability, Guarantee, Legal Expense, Marine, Property, M5G0A1 Surety North American Specialty Insurance Company Aircraft, Boiler & Machinery, Credit, Fidelity, Hail, Liability, 150 King Street West, Suite 2200 Property, Surety M5H1J9 North Waterloo Farmers Mutual Insurance Company Automobile, Boiler & Machinery, Fidelity, Hail, Liability, 100 Erb Street East Property Waterloo, ON N2J 1L9 North West Commercial Travellers Life To the extent authorized by its Articles of Incorporation, 28 Queen Elizabeth Way Constitution and bylaws Winnipeg, MB R3C 2H6 Old Republic Insurance Company of Canada Box 557, 100 King Street West Hamilton, ON L8N 3K9 Aircraft, Automobile, General Liability, Property, Vehicle Warranty Omega General Insurance Company Accident and Sickness, Aircraft, Automobile, Boiler & 36 King Street East Machinery, Credit, Fidelity, Hail, Legal Expense, Liability, Property, Surety, Loss of Employment M5C1E5 Optimum West Insurance Company Suite 800, 1055 West Georgia Street, P.O. Box Vancouver, BC V6E3P3 Automobile, Boiler & Machinery, Fidelity, General Liability, Guarantee, Inland Marine, Marine, Property, Surety Order of United Commercial Travelers of America (The) Life, Accident and Sickness To the extent authorized by its 901 Centre Street NW, Room 300 Articles of Incorporation, Constitution and bylaws Calgary, AB T2E 2P6 Pafco Insurance Company 27 Allstate Parkway, Suite 100 Markham, ON L3R5P8 Palliser Insurance Company Limited 103, 3502 Taylor Street East Saskatoon, SK S7H 5H9 PBC Health Benefits Society PO Box 7000 Vancouver, BC V6B4E1 Automobile, Property Hail Accident and Sickness 25

29 INSURANCE COMPANIES LICENSED IN ALBERTA Peace Hills General Insurance Company 3rd Floor, Jasper Avenue Edmonton, AB T5J3N3 Pembridge Insurance Company 27 Allstate Parkway, Allstate Centre, Suite 100 Markham, ON L3R5P8 Penncorp Life Insurance Company 55 Superior Blvd. Mississauga, ON L5T2X9 Pennsylvania Life Insurance Company 55 Superior Blvd. Mississauga, ON L5T2X9 Perth Insurance Company 111 Westmount Road South, P.O. Box 2000 Waterloo, ON N2J 4S4 Pilot Insurance Company 90 Eglinton Avenue West, 3rd Floor M4P 1E6 PMI Mortgage Insurance Company of Canada First Canadian Place Suite 2610 PO Box 456, 100 King St. East M5X 1E4 Pool Insurance Company 1301, 220 Portage Avenue Winnipeg, MB R3C 0A5 Portage La Prairie Mutual Insurance Company (The) 749 Saskatchewan Avenue East, P.O. Box 340 Portage La Prairie, MB R1N 3B8 Primerica Life Insurance Company of Canada 2000 Argentia Road Mississauga, ON L4T4C2 Accident and Sickness, Aircraft, Automobile, Boiler & Machinery, Credit, Fidelity, General Liability, Marine, Mortgage, Property, Surety, Title Automobile, Property Automobile, General Liability, Property Fidelity, Surety Mortgage Property Automobile, Legal Expense, Liability, Property Primmum Insurance Company Automobile, Boiler & Machinery, General Liability, Legal 2161 Yonge Street, 4th Floor Expense, Property M4S3A6 26

30 INSURANCE COMPANIES LICENSED IN ALBERTA Principal Life Insurance Company c/o John Milnes & Assoc., 1300 Bay Street 4th Floor M5H3K8 Progressive Casualty Insurance Company 5650 Younger Street, Suite #28 M2M4G3 Protective Insurance Company c/o John Milnes & Associates 4th floor 1300 Bay Street M5R3K8 Automobile, General Liability, Inland Marine, Property Automobile, Liability, Property Providence Washington Insurance Company Discontinuing To allow its existing contracts to run to 1145 Nicholson Rd. Unit # 2 maturity, to collect premiums and pay claims but not to Newmarket, ON undertake or renew contracts of insurance in the Province of L3Y9C3 Alberta Provident Life and Accident Insurance Company Suite 202, 1451 Royal York Road M9P3B2 Provincial Health Authorities of Alberta Liability and Property Insurance Plan 900, Street Edmonton, AB T5J3S7 Prudential Insurance Company of America (The) 300 Consilium Place, Suite 1200 M1H3G2 Rain and Hail Insurance Corporation Suite 200, 4303 Albert Street Regina, SK S4S3R6 RBC General Insurance Company 6880 Financial Drive, West Tower Mississauga, ON L5N7Y5 RBC Life Insurance Company 6880 Financial Drive West Tower Mississauga, ON L5N7Y5 RBC Insurance Company of Canada 9th Floor West Tower, 6880 Financial Drive Mississauga, ON L5N7Y5 Liability, Property Hail Accident and Sickness, Automobile, Liability, Property Accident and Sickness, Property 27

31 INSURANCE COMPANIES LICENSED IN ALBERTA Real Estate Insurance Exchange 330, th Street SW Calgary, AB T2S 2T4 Liability Reassure America Life Insurance Company Discontinuing To allow its existing contracts to run to 150 King Street West, Suite 1000 maturity, to collect premiums and pay claims but not to undertake or renew contracts of insurance in the Province of M5H1J9 Alberta Reliable Life Insurance Company 100 King Street West, Box 557 Hamilton, ON L8N 3K9 Revios Reinsurance Canada Ltd. 1400, 175 Bloor St. East North Tower PO Box 30 M4W 3R8 Royal & Sun Alliance Insurance Company of Canada Accident and Sickness, Aircraft, Automobile, Boiler & 10 Wellington Street East Machinery, Fidelity, General Liability, Hail, Legal Expense, Marine, Property, Surety M5E 1L5 Saskatchewan Mutual Insurance Company 279 3rd Avenue North Saskatoon, SK S7K 2H8 Scotia General Insurance Company 100 Yonge Street, 4th Floor M5H1H1 Scotia Life Insurance Company 100 Yonge Street, 4th Floor M5H1H1 Automobile, Boiler & Machinery, Fidelity, Liability, Property Accident and Sickness, Legal Expense Scottish & York Insurance Co. Limited Automobile, Boiler & Machinery, Fidelity, General Liability, 2206 Eglinton Avenue East Legal Expense, Property, Surety Scarborough, ON M1L 4S8 SecuriCan General Insurance Company 777 Portage Avenue Winnipeg, MB R3G0N3 Security Insurance Company of Hartford Unit 2, 1145 Nicholson Road Newmarket, ON L3Y9C3 Liability, Property Accident and Sickness, Automobile, General Liability, Marine, Property 28

32 INSURANCE COMPANIES LICENSED IN ALBERTA Security National Insurance Company 12th Floor, 50 Place Cremazie Montreal, QC H2P 1B6 Sentry Insurance A Mutual Company Suite 2100 Scotia Tower, 40 King Street West M5H3C2 Accident and Sickness, Automobile, General Liability, Property Aircraft, Automobile, Boiler & Machinery, Fidelity, General Liability, Property, Surety SGI CANADA Insurance Services Ltd. Automobile, Boiler & Machinery, Fidelity, Liability, Property, th Avenue Surety Regina, SK S4P0J9 Sompo Japan Insurance Inc. Automobile, Boiler & Machinery, Fidelity, Liability, Property, 2 First Canadian Place, 12th Floor Surety M5X 1A6 Sons of Scotland Benevolent Association Suite 202, 40 Eglinton Avenue East M4P3A2 Disability, Life To the extent authorized by its Articles of Incorporation, Constitution and bylaws Sovereign General Insurance Company (The) Accident and Sickness, Aircraft, Automobile, Boiler & 500 Sovereign Centre, 6700 Macleod Trail SE Machinery, Credit, Fidelity, General Liability, Property, Calgary, AB Surety T2H0L3 SSQ Life Insurance Company Inc Boulevard Laurier SainteFoy, QC G1V4H6 St. Paul Fire and Marine Insurance Company P.O. Box 93, Suite 1200, 121 King Street West M5H3T9 Accident and Sickness, Aircraft, Automobile, Boiler & Machinery, Fidelity, General Liability, Marine, Property, Surety St. Paul Guarantee Insurance Company Accident and Sickness, Aircraft, Automobile, Boiler & 77 King St West, 34th Floor, Royal Trust Tower Machinery, Credit, Fidelity, General Liability, Hail, Legal PO Box 284 Expense, Marine, Property, Surety, Title M5K1K2 Standard Life Assurance Company 2005 (The) Room , Sherbrooke Street West Montreal, QC H3G 1G3 Standard Life Assurance Company of Canada (The) Room , Sherbrooke Street West Montreal, QC H3G 1G3 Life 29

33 INSURANCE COMPANIES LICENSED IN ALBERTA Standard Life Assurance Limited 1245 Sherbrooke, Street, West, Suite 200 Montreal, QC H3G1G3 Life State Farm Fire and Casualty Company (The) Aircraft, Automobile, Boiler & Machinery, Fidelity, General 333 First Commerce Drive Liability, Property, Surety Aurora, ON L4G8A4 State Farm Life Insurance Company (The) 333 First Commerce Drive Aurora, ON L4G8A4 State Farm Mutual Automobile Insurance Company 333 First Commerce Drive Aurora, ON L4G8A4 Stewart Title Guaranty Company Royal Bank Plaza, North Tower, 200 Bay Street Suite 2200 M5J2J2 Stonebridge Life Insurance Company 80 Tiverton Court Markham, ON L3R 0G4 Sun Life Assurance Company of Canada 150 King Street, 7th Floor M5H 1J9 T.H.E. Insurance Company 1010, 48 Yonge Street M5E1G6 TD General Insurance Company 12th Floor, 50 Place Cremazie Montreal, QC H2P 1B6 TD Home and Auto Insurance Company 4th Floor, 2161 Yonge Street M4S3A6 TD Life Insurance Company Richmond Adelaide Centre 120 Adelaide Street West, 2nd Floor M5H1T1 Life Accident, Automobile Title, Loss of Employment Automobile, Liability, Property Aircraft, Automobile, Boiler & Machinery, Fidelity, Liability, Property, Surety Automobile, General Liability, Property 30

34 INSURANCE COMPANIES LICENSED IN ALBERTA Temple Insurance Company 22nd Floor, 390 Bay Street M5H2Y2 Accident and Sickness, Aircraft, Automobile, Boiler & Machinery, Credit, Fidelity, Hail, Liability, Property, Surety The Personal Insurance Company Aircraft, Automobile, Boiler & Machinery, Fidelity, General 6300 boulevard de la RiveSud Liability, Legal Expense, Property, Surety Levis, QC G6V6P9 TIG Insurance Company P.O.Box 5800 Winnipeg, MB R3C3C9 Accident and Sickness, Automobile, Boiler & Machinery, Fidelity, Liability, Property, Surety Tokio Marine & Nichido Fire Insurance Co. Aircraft, Automobile, Boiler & Machinery, Fidelity, General 105 Adelaide Street West, 3rd Floor Liability, Marine, Property, Surety M5H 1P9 Traders General Insurance Company Accident and Sickness, Aircraft, Automobile, Boiler & 2206 Eglinton Avenue East Machinery, Credit, Fidelity, General Liability, Hail, Legal Scarborough, ON Expense, Marine, Property, Surety M1L 4S8 Trafalgar Insurance Company of Canada Accident and Sickness, Automobile, Boiler & Machinery, 700 University Avenue, Suite 1500A General Liability, Marine, Property M5G0A1 Trans Global Insurance Company Suite 275, th Avenue Edmonton, AB T5M3S2 Trans Global Life Insurance Company Suite 275, th Avenue Edmonton, AB T5M3S2 Transamerica Life Canada 5000 Yonge Street M2N7J8 Accident and Sickness, Boiler & Machinery, General Liability, Inland Marine, Marine, Property Transatlantic Reinsurance Company Accident and Sickness, Aircraft, Automobile, Boiler & 145 Wellington Street West Machinery, Fidelity, General Liability, Hail, Marine, Property, Surety M5J 1H8 Triad Guaranty Insurance Corporation Canada 20 Queen Street West Suite 1000 M5H3R3 Mortgage 31

35 INSURANCE COMPANIES LICENSED IN ALBERTA Trisura Guarantee Insurance Company 70 York Street Suite 1100 M5J1S9 UAPNew Rotterdam Insurance Company N.V. Discontinuing To allow its existing contracts to run to 2206 Eglinton Avenue East maturity, to collect premiums and pay claims but not to Scarborough, ON undertake or renew contracts of insurance in the Province of M1L4S8 Alberta Ukrainian Fraternal Society of Canada Life, Accident and Sickness To the extent authorized by its 235 McGregor Street Articles of Incorporation, Constitution and bylaws Winnipeg, MB R2W4W5 Ukrainian Mutual Benefit Association of Saint Nicholas of Canada Life To the extent authorized by its Articles of Incorporation, 804 Selkirk Avenue Constitution and bylaws Winnipeg, MB R2W 2N6 Ukrainian National Association Inc. Suite 406, th Avenue Markham, ON L3R0E4 Unifund Assurance Company 95 Elizabeth Avenue St. John's, NF A1B 1R7 United American Insurance Company 130 Adelaide Street West, Suite 2800 M5H3P5 Unity Life of Canada 100 Milverton Drive, Suite 400 Mississauga, ON L5R4H1 Utica Mutual Insurance Company 1145 Nicholson Road, Unit #2 Newmarket, ON L3Y9C3 Virginia Surety Company, Inc Warden Avenue, Suite 300 Markham, ON L3R 0X3 Washington National Insurance Company 19 Celina Street, Suite 104 Oshawa, ON L1H4M9 Life, Accident and Sickness To the extent authorized by its Articles of Incorporation, Constitution and bylaws Accident and Sickness, Automobile, Liability, Property Automobile, Boiler & Machinery, Fidelity, Liability, Property Automobile, Boiler & Machinery, Liability, Property Accident and Sickness 32

36 INSURANCE COMPANIES LICENSED IN ALBERTA Waterloo Insurance Company 111 Westmount Road South, P.O. Box 2000 Waterloo, ON N2J 4S4 Wawanesa Life Insurance Company 9th Floor, 191 Broadway Avenue Winnipeg, MB R3C 3P1 Automobile, General Liability, Property Wawanesa Mutual Insurance Company (The) Accident and Sickness, Automobile, Boiler & Machinery, 191 Broadway Avenue Fidelity, Fire, General Liability, Marine, Property, Surety Winnipeg, MB R3C 3P1 Western Agricultural Insurance Corporation 339 Main Street North Moose Jaw, SK S6H 0W2 Hail Western Assurance Company Aircraft, Automobile, Boiler & Machinery, Fidelity, General 10 Wellington Street East Liability, Hail, Marine, Property, Surety M5E 1L5 Western Life Assurance Company Street SE High River, AB T1V2A7 Western Reciprocal Group 260 Inglenook Road Headingley, MB R4H1C8 Western Surety Company Box 527, Scarth Regina, SK S4P 2G8 Westport Insurance Corporation 150 King Street West Suite 2200 M5H1J9 Women's Life Insurance Society P.O. Box 234 Sarnia, ON N7T 7H9, Loss of Employment Boiler & Machinery, Property Fidelity, Surety Boiler & Machinery, General Liability, Property Life To the extent authorized by its Articles of Incorporation, Constitution and bylaws XL Insurance Company Limited Accident and Sickness, Automobile, Boiler & Machinery, 100 Yonge Street, Suite 1802 Liability, Property, Surety M5C2W1 33

37 INSURANCE COMPANIES LICENSED IN ALBERTA XL Reinsurance America Inc. Accident and Sickness, Aircraft, Automobile, Fidelity, Hail, 100 Yonge Street, Suite 1702 Liability, Property, Surety limited to the business of reinsurance, Boiler & Machinery M5C2W1 York Fire & Casualty Insurance Company 201, 5310 Explorer Drive Mississauga, ON L4W 5H8 Zenith Insurance Company 105 Adelaide, Street West M5H 1P9 Automobile, Credit, Fidelity, Liability, Marine, Property, Surety Accident and Sickness, Automobile, Liability, Property Zurich Insurance Company Accident and Sickness, Aircraft, Automobile, Boiler & 400 University Avenue, 25th Floor Machinery, Credit, Fidelity, General Liability, Marine, Property, Surety, Vehicle Warranty M5G 1S7 34

38 ANNUAL STATEMENT OF PROVINCIAL COMPANIES ALBERTA MOTOR ASSOCIATION INSURANCE COMPANY Head Office Edmonton, AB Incorporated 1974 Commenced Business in Alberta 1974 Licensed in the Provinces of Alberta, Manitoba, British Columbia, Saskatchewan and Ontario OFFICERS D. Smitten President, Chief Executive Officer, Secretary D. Creighton Chief Financial Officer DIRECTORS J. Ashton Edmonton, AB K. Byers Medicine Hat, AB J. Carruthers Calgary, AB D. Hickey Edmonton, AB B. Holmes Rocky Mountain House, AB J. Kong Calgary, AB D. Manning Red Deer, AB D. O Neill Calgary, AB B. Seely Lethbridge, AB J. Simpson Grande Prairie, AB D. Smitten Edmonton, AB R. White Calgary, AB T. Willumsen Okotoks, AB AUDITORS PricewaterhouseCoopers, LLP 35

39 ANNUAL STATEMENT OF PROVINCIAL COMPANIES ALBERTA MOTOR ASSOCIATION INSURANCE COMPANY STATEMENTS FOR THE YEAR ENDED DECEMBER 31, 2007 BALANCE SHEET ASSETS Current 2007 Prior 2006 Cash 19,509 48,181 Investment income due and accrued 1,883 2,562 Investments: Bonds and Debentures 199, ,517 Preferred Shares 6,109 5,230 Common Shares 71,075 74,145 Other Investments 0 3,555 Total Investments 276, ,447 Receivables: Policyholders 0 19,635 Installment Premiums 44,806 20,436 Other Insurers 2,298 1,289 Facility Association and the PRR 3, Subsidiaries, Affiliates and Partnerships Income Taxes 12,841 0 Other Receivables Recoverable from Reinsurers: Unpaid and Adjustment Expenses 20,949 18,890 Deferred Policy Acquisition Expenses 12,919 11,513 Future Income Taxes 1,583 4,853 Other Assets 5,721 1,952 ASSETS 403, ,156 36

40 ANNUAL STATEMENT OF PROVINCIAL COMPANIES ALBERTA MOTOR ASSOCIATION INSURANCE COMPANY STATEMENTS FOR THE YEAR ENDED DECEMBER 31, 2007 BALANCE SHEET Current 2007 Prior 2006 LIABILITIES Payables: Policyholders Subsidiaries, Affiliates and Partnerships Expenses due and accrued 6,017 3,340 Income taxes due and accrued 0 3,502 Other Taxes due and accrued 12,280 10,013 Unearned Premiums 94,925 84,994 Unpaid and Adjustment Expenses 193, ,470 Other Liabilities 2,232 2,003 Total Liabilities 309, ,591 EQUITY Shares issued and paid 4,000 4,000 Retained Earnings 88, ,565 Accumulated Other Comprehensive Income (Loss) Total Equity 93, ,565 LIABILITIES AND EQUITY 403, ,156 37

41 ANNUAL STATEMENT OF PROVINCIAL COMPANIES ALBERTA MOTOR ASSOCIATION INSURANCE COMPANY STATEMENTS FOR THE YEAR ENDED DECEMBER 31, 2007 STATEMENT OF INCOME UNDERWRITING OPERATIONS Current 2007 Prior 2006 Premiums Written Direct 213, ,017 Reinsurance Ceded 9,685 8,706 Net Premiums Written 203, ,311 Decrease (increase) in Net Unearned Premiums (9,931) (11,384) Net Premiums Earned 193, ,927 Service Charges 5,295 4,649 Total Underwriting Revenue 199, ,576 Net and Adjustment Expenses 151, ,391 Acquisition Expenses: Commissions 21,192 18,926 Taxes 6,199 5,472 Other 7,158 5,850 General Expenses 10,481 6,970 Total and Expenses 196, ,609 Underwriting Income (Loss) 2,740 26,967 INVESTMENT OPERATIONS Income 12,112 10,552 Recognized Gains (Losses) 5,089 24,544 Expenses Net Investment Income 16,271 34,371 OTHER REVENUE AND EXPENSES Other (110) 268 Net Income (Loss) before Income Taxes and Extraordinary Items 18,901 61, INCOME TAXES Current 1,996 15,907 Future 2,639 4,157 Total Income Taxes 4,635 20,064 NET INCOME (LOSS) FOR THE YEAR 14,266 41,542

42 ANNUAL STATEMENT OF PROVINCIAL COMPANIES ALBERTA MOTOR ASSOCIATION INSURANCE COMPANY STATEMENTS FOR THE YEAR ENDED DECEMBER 31, 2007 STATEMENT OF RETAINED EARNINGS Current 2007 Prior 2006 Balance at beginning of year 103,565 82,183 Financial instruments adjustment to RE, opening Net income (loss) for the year 14,266 41,542 Dividends declared to shareholders 30,160 20,160 Net increase (decrease) in retained earnings during the year (15,894) 21,382 Balance at end of year 88, ,565 39

43 ANNUAL STATEMENT OF PROVINCIAL COMPANIES FIRST CANADIAN INSURANCE CORPORATION Head Office Edmonton, AB Incorporated 1987 Commenced Business in Alberta 1988 Licensed in all Provinces and Territories, except Nunavut OFFICERS D.A. Wheaton R.D. McCurdy President and COO Chief Financial Officer DIRECTORS D. Brown Pickering, ON D. Erker Edmonton, AB S. Laird Nanaimo, BC K. Ward D. Welliver Edmonton, AB D.A. Wheaton Edmonton, AB D.H. Wheaton Edmonton, AB D.J. Wheaton Victoria, BC W.G. Wheaton Edmonton, AB AUDITORS Deloitte & Touche, LLP 40

44 ANNUAL STATEMENT OF PROVINCIAL COMPANIES ASSETS FIRST CANADIAN INSURANCE CORPORATION STATEMENTS FOR THE YEAR ENDED DECEMBER 31, 2007 BALANCE SHEET Current 2007 Prior 2006 Cash 23,614 10,031 Short Term Investments 35,476 20,708 Accrued Investment Income 1, Accounts Receivable 13,614 14,201 Bonds and Debentures 34,135 7,096 Mortgage Loans 15,380 0 Preferred Shares 64,877 62,535 Common Shares 21,964 83,179 Other Equity Investments 20,773 0 Other Loans and Invested Assets 3,619 6,021 Intangible Assets Other Assets 3,487 1,576 ASSETS 238, ,352 LIABILITIES Net Actuarial Liabilities 49,857 42,424 Other Insurance Policy & Contract Liabilities 63,078 63,400 Accounts Payable 23,701 18,597 Other Liabilities 2,927 2,600 Net Deferred Gains (Losses) on Real Estate: Equity 0 6,826 Future Income Taxes 12,945 8,100 Total Liabilities 152, ,947 SHAREHOLDERS EQUITY Capital Stock 38,000 38,000 Retained Earnings 46,696 26,405 Shareholders Accumulated OCI (Loss) Total Shareholders Equity 85,670 64,405 LIABILITIES AND EQUITY 238, ,352 41

45 ANNUAL STATEMENT OF PROVINCIAL COMPANIES REVENUE FIRST CANADIAN INSURANCE CORPORATION STATEMENTS FOR THE YEAR ENDED DECEMBER 31, 2007 STATEMENT OF INCOME Current 2007 Prior 2006 Premiums 71,532 63,714 Net Investment Income 13,725 9,767 Fee Income 12,171 9,174 REVENUE 97,428 82,655 POLICY BENEFITS AND EXPENSES Policyholder Benefits 7,028 6,485 Net Changes to Actuarial Liabilities: Normal 10,223 6,967 Basis Change (2,791) (1,810) Commissions 34,501 30,960 Interest Expense General Expenses and Taxes (excl income taxes) 23,055 20,416 Other Expenses 701 1,368 POLICY BENEFITS AND EXPENSES 72,776 64,441 Income Before Income Tax 24,652 18,214 Provision for Income Taxes: Current 2,708 3,583 Future 3, NET INCOME (LOSS) FOR THE YEAR 18,432 14,531 42

46 ANNUAL STATEMENT OF PROVINCIAL COMPANIES FIRST CANADIAN INSURANCE CORPORATION STATEMENTS FOR THE YEAR ENDED DECEMBER 31, 2007 STATEMENT OF RETAINED EARNINGS Current 2007 Prior 2006 Balance at beginning of year 26,405 16,874 Adjustments 1,859 0 Net income (loss) for the year 18,432 14,531 Dividends declared to shareholders 0 5,000 Balance at end of year 46,696 26,405 43

47 ANNUAL STATEMENT OF PROVINCIAL COMPANIES FORTRESS INSURANCE COMPANY Head Office Edmonton, AB Incorporated 2005 Commenced Business in Alberta 2005 Licensed in the Province of Alberta OFFICERS M. Ali President/Chief Executive Officer M. Gillani Secretary DIRECTORS M. Ali Calgary, AB M. Gillani Calgary, AB G. Hill Sherwood Park, AB M. Nickel Edmonton, AB G. Reynen Edmonton, AB N. Simons Edmonton, AB AUDITORS Kouri Berezan Heinrichs 44

48 ANNUAL STATEMENT OF PROVINCIAL COMPANIES FORTRESS INSURANCE COMPANY STATEMENTS FOR THE YEAR ENDED DECEMBER 31, 2007 BALANCE SHEET ASSETS Current 2007 Prior 2006 Cash Investment income due and accrued Investments: Term Deposits 2, Bonds and Debentures 2,163 1,153 Preferred Shares Common Shares 680 2,298 Total Investments 5,495 4,375 Receivables: Policyholders 76 0 Other Receivables 3 91 Other Recoverables on Unpaid 3,175 1,781 Future Income Taxes 0 36 Other Assets 0 1 ASSETS 9,114 6,984 45

49 ANNUAL STATEMENT OF PROVINCIAL COMPANIES FORTRESS INSURANCE COMPANY STATEMENTS FOR THE YEAR ENDED DECEMBER 31, 2007 BALANCE SHEET Current 2007 Prior 2006 LIABILITIES Payables: Agents and Brokers 10 9 Expenses due and accrued Income taxes due and accrued Other Taxes due and accrued Unpaid and Adjustment Expenses 1,181 1,179 Other Liabilities 3,175 1,781 Total Liabilities 4,612 3,087 EQUITY Shares issued and paid 4,000 4,000 Retained Earnings 502 (104) Total Equity 4,502 3,896 LIABILITIES AND EQUITY 9,114 6,984 46

50 ANNUAL STATEMENT OF PROVINCIAL COMPANIES FORTRESS INSURANCE COMPANY STATEMENTS FOR THE YEAR ENDED DECEMBER 31, 2007 STATEMENT OF INCOME UNDERWRITING OPERATIONS Current 2007 Prior 2006 Premiums Written Direct Reinsurance Ceded Net Premiums Written Decrease (increase) in Net Unearned Premiums 0 0 Net Premiums Earned Service Charges 0 0 Total Underwriting Revenue Net and Adjustment Expenses Acquisition Expenses: Commissions Taxes General Expenses Total and Expenses 368 1,315 Underwriting Income (Loss) 429 (565) INVESTMENT OPERATIONS Income Recognized Gains (Losses) 75 0 Expenses Net Investment Income Net Income (Loss) before Income Taxes and Extraordinary Items 561 (419) INCOME TAXES Current 112 (63) Future 0 (17) Total Income Taxes 112 (80) NET INCOME (LOSS) FOR THE YEAR 449 (339) 47

51 ANNUAL STATEMENT OF PROVINCIAL COMPANIES FORTRESS INSURANCE COMPANY STATEMENTS FOR THE YEAR ENDED DECEMBER 31, 2007 STATEMENT OF RETAINED EARNINGS Current 2007 Prior 2006 Balance at beginning of year (104) 235 Change in accounting policy Net income (loss) for the year 449 (339) Dividends declared to shareholders 0 0 Net increase (decrease) in retained earnings during the year 449 (339) Balance at end of year 502 (104) 48

52 ANNUAL STATEMENT OF PROVINCIAL COMPANIES INNOVATIVE INSURANCE CORPORATION Head Office Edmonton, AB Incorporated 2001 Commenced Business in Alberta 2001 Licensed in the Provinces of Alberta, British Columbia, Ontario, New Brunswick and Nova Scotia D.B. Luckwell OFFICERS President, CEO, CFO, Secretary DIRECTORS L. Burke Calgary, AB F. Easton Sherwood Park, AB H. Lafontaine Calgary, AB L. Lafontaine Edmonton, AB D.G. Laughton Sherwood Park, AB D. Luckwell Edmonton, AB L. Mackie Calgary, AB G.R. Rintoul Calgary, AB B. Sideroff Beaverlodge, AB AUDITORS Kouri Berezan Heinrichs 49

53 ANNUAL STATEMENT OF PROVINCIAL COMPANIES ASSETS INNOVATIVE INSURANCE CORPORATION STATEMENTS FOR THE YEAR ENDED DECEMBER 31, 2007 BALANCE SHEET Current 2007 Restated Prior 2006 Cash Investment income due and accrued Investments: Term Deposits 51 0 Bonds and Debentures 2,254 2,347 Preferred Shares Common Shares Other Investments 0 6 Total Investments 3,492 3,583 Receivables: Agents and Brokers 0 17 Subsidiaries, Affiliates and Partnerships Income Taxes 13 0 Deferred Policy Acquisition Expenses 1, Future Income Taxes 9 0 Other Assets ASSETS 5,560 5,275 50

54 ANNUAL STATEMENT OF PROVINCIAL COMPANIES INNOVATIVE INSURANCE CORPORATION STATEMENTS FOR THE YEAR ENDED DECEMBER 31, 2007 BALANCE SHEET Current 2007 Restated Prior 2006 LIABILITIES Expenses due and accrued Other Taxes due and accrued Unearned Premiums 2,166 1,809 Unpaid and Adjustment Expenses Other Liabilities 0 42 Total Liabilities 2,473 2,076 EQUITY Shares issued and paid 3,086 3,086 Retained Earnings Total Equity 3,087 3,199 LIABILITIES AND EQUITY 5,560 5,275 51

55 ANNUAL STATEMENT OF PROVINCIAL COMPANIES INNOVATIVE INSURANCE CORPORATION STATEMENTS FOR THE YEAR ENDED DECEMBER 31, 2007 STATEMENT OF INCOME UNDERWRITING OPERATIONS Current 2007 Prior 2006 Premiums Written Direct 4,368 3,710 Reinsurance Ceded 0 0 Net Premiums Written 4,368 3,710 Decrease (increase) in Net Unearned Premiums (356) (283) Net Premiums Earned 4,012 3,427 Service Charges Total Underwriting Revenue 4,076 3,459 Net and Adjustment Expenses 1,952 1,467 Acquisition Expenses: Commissions 1,792 1,499 Taxes General Expenses Total and Expenses 4,259 3,559 Underwriting Income (Loss) (183) (100) INVESTMENT OPERATIONS Income Recognized Gains (Losses) (106) 23 Expenses Net Investment Income Net Income (Loss) before Income Taxes and Extraordinary Items (130) 49 INCOME TAXES Current (13) 5 Future (9) 0 Total Income Taxes (22) 5 NET INCOME (LOSS) FOR THE YEAR (108) 44 52

56 ANNUAL STATEMENT OF PROVINCIAL COMPANIES INNOVATIVE INSURANCE CORPORATION STATEMENTS FOR THE YEAR ENDED DECEMBER 31, 2007 STATEMENT OF RETAINED EARNINGS Current 2007 Restated Prior 2006 Balance at beginning of year Prior period adjustments (4) 6 Net income (loss) for the year (108) 44 Net increase (decrease) in retained earnings during the year (108) 44 Balance at end of year

57 ANNUAL STATEMENT OF PROVINCIAL COMPANIES MENNONITE MUTUAL INSURANCE CO. (ALBERTA) LTD. Head Office Calgary, AB Incorporated 1960 Commenced Business in Alberta 1961 Licensed in the Province of Alberta OFFICERS A. Janz President/CEO S. Rempel Chief Financial Officer D. Stankevich Secretary DIRECTORS C. Driedger La Crete, AB E. Dyck La Crete, AB J. Eccles La Crete, AB W. Goertzen Grand Prairie, AB A. Janz Calgary, AB A. Nickel Rosemary, AB S. Rempel Calgary, AB K. Ritchie Chestermere, AB D. Stankevich Bluffton, AB A. Thiessen Edmonton, AB B. Warkentin Calgary, AB AUDITORS Retzlaff & Wong 54

58 ANNUAL STATEMENT OF PROVINCIAL COMPANIES ASSETS MENNONITE MUTUAL INSURANCE CO. (ALBERTA) LTD. STATEMENTS FOR THE YEAR ENDED DECEMBER 31, 2007 BALANCE SHEET Current 2007 Restated Prior 2006 Cash 1, Investment income due and accrued Investments: Term Deposits 2, Bonds and Debentures 2,805 4,647 Preferred Shares Common Shares Other Investments 1,104 1,114 Total Investments 6,568 6,689 Receivables: Policyholders Income Taxes 0 35 Other Receivables 4 0 Recoverable from Reinsurers: Unpaid and Adjustment Expenses Real Estate for Insurer s own use Future Income Taxes Other Assets ASSETS 9,285 8,980 55

59 ANNUAL STATEMENT OF PROVINCIAL COMPANIES MENNONITE MUTUAL INSURANCE CO. (ALBERTA) LTD. STATEMENTS FOR THE YEAR ENDED DECEMBER 31, 2007 BALANCE SHEET Current 2007 Restated Prior 2006 LIABILITIES Payables: Other Insurers Expenses due and accrued Income taxes due and accrued 21 0 Unearned Premiums Unpaid and Adjustment Expenses 1,078 1,131 Total Liabilities 2,117 2,037 EQUITY Retained Earnings 6,746 6,457 Accumulated Other Comprehensive Income (Loss) Total Equity 7,168 6,943 LIABILITIES AND EQUITY 9,285 8,980 56

60 ANNUAL STATEMENT OF PROVINCIAL COMPANIES MENNONITE MUTUAL INSURANCE CO. (ALBERTA) LTD. STATEMENTS FOR THE YEAR ENDED DECEMBER 31, 2007 STATEMENT OF INCOME UNDERWRITING OPERATIONS Current 2007 Restated Prior 2006 Premiums Written Direct 4,335 3,832 Reinsurance Assumed Reinsurance Ceded Net Premiums Written 3,464 3,150 Decrease (increase) in Net Unearned Premiums (84) (113) Net Premiums Earned 3,380 3,037 Service Charges 0 0 Total Underwriting Revenue 3,380 3,037 Net and Adjustment Expenses 1,534 1,814 Acquisition Expenses: Commissions 2 4 Taxes General Expenses 1,702 1,349 Total and Expenses 3,367 3,283 Underwriting Income (Loss) 13 (246) INVESTMENT OPERATIONS Income Recognized Gains (Losses) 24 (141) Net Investment Income Net Income (Loss) before Income Taxes and Extraordinary Items 344 (7) INCOME TAXES Current 21 0 Future 34 2 Total Income Taxes 55 2 NET INCOME (LOSS) FOR THE YEAR 289 (9) 57

61 ANNUAL STATEMENT OF PROVINCIAL COMPANIES MENNONITE MUTUAL INSURANCE CO. (ALBERTA) LTD. STATEMENTS FOR THE YEAR ENDED DECEMBER 31, 2007 STATEMENT OF RETAINED EARNINGS Current 2007 Prior 2006 Balance at beginning of year 6,457 6,466 Net income (loss) for the year 289 (9) Net increase (decrease) in retained earnings during the year 289 (9) Balance at end of year 6,746 6,457 58

62 ANNUAL STATEMENT OF PROVINCIAL COMPANIES MILLENNIUM INSURANCE CORPORATION Head Office Edmonton, AB Incorporated 1998 Commenced Business in Alberta 2000 Licensed in the Provinces of Alberta, British Columbia and Saskatchewan OFFICERS W.G. Wheaton R.D. McCurdy President, Chief Executive Officer Chief Financial Officer DIRECTORS D. Brown Pickering, ON D. Erker Edmonton, AB S. Laird Nanaimo, BC K. Ward D.A. Wheaton Edmonton, AB D.H. Wheaton Edmonton, AB D.J. Wheaton Victoria, BC W.G. Wheaton Edmonton, AB AUDITORS Deloitte & Touche, LLP 59

63 ANNUAL STATEMENT OF PROVINCIAL COMPANIES ASSETS MILLENNIUM INSURANCE CORPORATION STATEMENTS FOR THE YEAR ENDED DECEMBER 31, 2007 BALANCE SHEET Current 2007 Restated Prior 2006 Cash 28,204 27,636 Investment income due and accrued Investments: Term Deposits 25,758 13,294 Bonds and Debentures 27,309 3,498 Preferred Shares 24,689 12,107 Common Shares 27,596 43,875 Total Investments 105,352 72,774 Receivables: Policyholders 1,471 1,269 Installment Premiums 7,912 7,109 Facility Association and the PRR Other Receivables Recoverable from Reinsurers: Unearned Premiums 2,097 3,799 Unpaid and Adjustment Expenses Deferred Policy Acquisition Expenses Future Income Taxes 3,277 2,200 Other Assets 850 1,595 ASSETS 150, ,555 60

64 ANNUAL STATEMENT OF PROVINCIAL COMPANIES MILLENNIUM INSURANCE CORPORATION STATEMENTS FOR THE YEAR ENDED DECEMBER 31, 2007 BALANCE SHEET Current 2007 Prior 2006 LIABILITIES Borrowed Money and Accrued Interest Payables: Other Insurers 3,256 4,399 Expenses due and accrued 1, Income taxes due and accrued 2,729 1,220 Unearned Premiums 82,131 64,411 Unpaid and Adjustment Expenses 13,218 10,390 Other Liabilities 3,192 2,913 Total Liabilities 105,666 84,252 EQUITY Shares issued and paid 11,500 11,500 Retained Earnings 33,476 21,803 Accumulated Other Comprehensive Income (Loss) (222) 0 Total Equity 44,754 33,303 LIABILITIES AND EQUITY 150, ,555 61

65 ANNUAL STATEMENT OF PROVINCIAL COMPANIES MILLENNIUM INSURANCE CORPORATION STATEMENTS FOR THE YEAR ENDED DECEMBER 31, 2007 STATEMENT OF INCOME UNDERWRITING OPERATIONS Current 2007 Prior 2006 Premiums Written Direct 94,248 79,121 Reinsurance Ceded 1,503 5,345 Net Premiums Written 92,745 73,776 Decrease (increase) in Net Unearned Premiums (19,422) (18,147) Net Premiums Earned 73,323 55,629 Other (11) (23) Total Underwriting Revenue 73,312 55,606 Net and Adjustment Expenses 18,943 15,468 Acquisition Expenses: Commissions 36,248 26,648 Taxes 3,157 2,434 Other 1,552 1,598 General Expenses 3,434 3,169 Total and Expenses 63,334 49,317 Underwriting Income (Loss) 9,978 6,289 INVESTMENT OPERATIONS Income 4,002 2,667 Recognized Gains (Losses) 3,389 1,596 Expenses Net Investment Income 7,327 4,151 OTHER REVENUE AND EXPENSES Other Net Income (Loss) before Income Taxes and Extraordinary Items 17,556 11, INCOME TAXES Current 6,855 4,381 Future (972) (1,033) Total Income Taxes 5,883 3,348 NET INCOME (LOSS) FOR THE YEAR 11,673 7,951

66 ANNUAL STATEMENT OF PROVINCIAL COMPANIES MILLENNIUM INSURANCE CORPORATION STATEMENTS FOR THE YEAR ENDED DECEMBER 31, 2007 STATEMENT OF RETAINED EARNINGS Current 2007 Prior 2006 Balance at beginning of year 21,803 13,852 Net income (loss) for the year 11,673 7,951 Net increase (decrease) in retained earnings during the year 11,673 7,951 Balance at end of year 33,476 21,803 63

67 ANNUAL STATEMENT OF PROVINCIAL COMPANIES PEACE HILLS GENERAL INSURANCE COMPANY Head Office Edmonton, AB Incorporated 1957 Commenced Business in Alberta 1957 Licensed in the Provinces of Alberta, Manitoba, British Columbia, Saskatchewan, Northwest Territories, Yukon and Nunavut OFFICERS D. Brickner President, Chief Executive Officer T. Swampy Secretary DIRECTORS D. Brickner Edmonton, AB P. Buffalo Hobbema, AB V. Buffalo Hobbema, AB J. Crier Hobbema, AB L. Crier Ponoka, AB W. Kordyback Edmonton, AB J. Koziak Edmonton, AB D. Leonard Edmonton, AB L. Saddleback Hobbema, AB T. Swampy Hobbema, AB J. Szumlas Edmonton, AB M. Yellowbird Hobbema, AB AUDITORS PricewaterhouseCoopers, LLP 64

68 ANNUAL STATEMENT OF PROVINCIAL COMPANIES PEACE HILLS GENERAL INSURANCE COMPANY STATEMENTS FOR THE YEAR ENDED DECEMBER 31, 2007 BALANCE SHEET ASSETS Current 2007 Prior 2006 Cash 26,261 15,290 Investment income due and accrued Investments: Bonds and Debentures 44,373 41,165 Common Shares 42,680 41,812 Real Estate 1,820 1,797 Other Investments 3,542 0 Total Investments 92,415 84,774 Receivables: Agents and Brokers 6,274 5,875 Installment Premiums 21,488 19,774 Other Insurers 5,042 5,788 Facility Association and the PRR 7,614 8,091 Income Taxes 1,592 0 Other Receivables 1,554 1,472 Recoverable from Reinsurers: Unearned Premiums 17,905 19,391 Unpaid and Adjustment Expenses 32,433 31,189 Real Estate for Insurer s own use 1,399 1,273 Deferred Policy Acquisition Expenses 16,626 14,625 Future Income Taxes 534 3,751 Other Assets 3,959 2,738 ASSETS 235, ,597 65

69 ANNUAL STATEMENT OF PROVINCIAL COMPANIES PEACE HILLS GENERAL INSURANCE COMPANY STATEMENTS FOR THE YEAR ENDED DECEMBER 31, 2007 BALANCE SHEET Current 2007 Prior 2006 LIABILITIES Payables: Agents and Brokers 3,227 2,949 Other Insurers 8,581 9,998 Expenses due and accrued 2,542 1,394 Income taxes due and accrued 0 1,140 Other Taxes due and accrued 5,926 5,184 Encumbrances on Real Estate 2,119 2,280 Unearned Premiums 65,480 58,225 Unpaid and Adjustment Expenses 87,719 85,362 Unearned Commissions 5,629 7,268 Other Liabilities Total Liabilities 182, ,632 EQUITY Shares issued and paid 2,000 2,000 Contributed Surplus 9,362 9,362 Retained Earnings 35,662 28,603 Accumulated Other Comprehensive Income (Loss) 6,738 0 Total Equity 53,762 39,965 LIABILITIES AND EQUITY 235, ,597 66

70 ANNUAL STATEMENT OF PROVINCIAL COMPANIES PEACE HILLS GENERAL INSURANCE COMPANY STATEMENTS FOR THE YEAR ENDED DECEMBER 31, 2007 STATEMENT OF INCOME Current 2007 Prior 2006 UNDERWRITING OPERATIONS Premiums Written Direct 130, ,581 Reinsurance Ceded 42,303 43,743 Net Premiums Written 88,245 73,838 Decrease (increase) in Net Unearned Premiums (3,709) (3,350) Net Premiums Earned 84,536 70,488 Service Charges 1,655 1,469 Total Underwriting Revenue 86,191 71,957 Net and Adjustment Expenses 50,314 41,084 Acquisition Expenses: Commissions 13,149 8,513 Taxes 4,066 3,687 Other (144) (132) General Expenses 15,974 14,684 Total and Expenses 83,359 67,836 Underwriting Income (Loss) 2,832 4,121 INVESTMENT OPERATIONS Income 4,784 3,360 Recognized Gains (Losses) 2,971 2,139 Expenses Net Investment Income 7,420 5,223 OTHER REVENUE AND EXPENSES Share of Net Income (Loss) of Subs and Affils (270) (146) Other Net Income (Loss) before Income Taxes and Extraordinary Items 10,170 9,388 INCOME TAXES Current 2,133 3,977 Future 678 (497) Total Income Taxes 2,811 3,480 NET INCOME (LOSS) FOR THE YEAR 7,359 5,908 67

71 ANNUAL STATEMENT OF PROVINCIAL COMPANIES PEACE HILLS GENERAL INSURANCE COMPANY STATEMENTS FOR THE YEAR ENDED DECEMBER 31, 2007 STATEMENT OF RETAINED EARNINGS Current 2007 Prior 2006 Balance at beginning of year 28,603 22,945 Net income (loss) for the year 7,359 5,908 Dividends declared to shareholders Net increase (decrease) in retained earnings during the year 7,059 5,658 Balance at end of year 35,662 28,603 68

72 ANNUAL STATEMENT OF PROVINCIAL COMPANIES TRANS GLOBAL INSURANCE COMPANY Head Office Edmonton, AB Incorporated 1997 Commenced Business in Alberta 1999 Licensed in all Provinces and Territories, with the exception of Quebec OFFICERS K. Yost President, Chief Executive Officer M. Borys Chief Financial Officer P. Hiebert VP Legal and Corporate Secretary M. Mascotto VP Financial Services DIRECTORS R. Barbaro J. Butler Edmonton, AB G. Campbell Edmonton, AB D. Ieraci Woodbridge, ON P. Richards New Sarepta, AB A. Swyripa Edmonton, AB K. Yost St. Albert, AB AUDITORS Deloitte & Touche, LLP 69

73 ANNUAL STATEMENT OF PROVINCIAL COMPANIES TRANS GLOBAL INSURANCE COMPANY STATEMENTS FOR THE YEAR ENDED DECEMBER 31, 2007 BALANCE SHEET ASSETS Current 2007 Prior 2006 Cash 3, Investment income due and accrued 4 4 Investments: Bonds and Debentures Preferred Shares 7,654 7,908 Common Shares 2,727 3,087 Total Investments 10,438 11,054 Receivables: Policyholders 2,802 2,571 Subsidiaries, Affiliates and Partnerships Deferred Policy Acquisition Expenses Future Income Taxes Other Assets ASSETS 17,803 15,720 70

74 ANNUAL STATEMENT OF PROVINCIAL COMPANIES TRANS GLOBAL INSURANCE COMPANY STATEMENTS FOR THE YEAR ENDED DECEMBER 31, 2007 BALANCE SHEET Current 2007 Prior 2006 LIABILITIES Payables: Agents and Brokers Subsidiaries, Affiliates and Partnerships 2,835 1,967 Expenses due and accrued Income taxes due and accrued Other Taxes due and accrued Unearned Premiums 5,749 5,380 Unpaid and Adjustment Expenses 1,571 1,667 Total Liabilities 11,355 10,148 EQUITY Shares issued and paid 4,000 4,000 Contributed Surplus 1,000 1,000 Retained Earnings 1, Accumulated Other Comprehensive Income (Loss) 20 0 Total Equity 6,448 5,572 LIABILITIES AND EQUITY 17,803 15,720 71

75 ANNUAL STATEMENT OF PROVINCIAL COMPANIES TRANS GLOBAL INSURANCE COMPANY STATEMENTS FOR THE YEAR ENDED DECEMBER 31, 2007 STATEMENT OF INCOME UNDERWRITING OPERATIONS Current 2007 Prior 2006 Premiums Written Direct 17,072 16,983 Reinsurance Ceded 0 0 Net Premiums Written 17,072 16,983 Decrease (increase) in Net Unearned Premiums (369) (1,485) Net Premiums Earned 16,703 15,498 Service Charges 0 0 Total Underwriting Revenue 16,703 15,498 Net and Adjustment Expenses 1,537 1,507 Acquisition Expenses: Commissions Taxes Other 4,367 3,564 General Expenses 6,786 7,001 Total and Expenses 13,228 12,573 Underwriting Income (Loss) 3,475 2,925 INVESTMENT OPERATIONS Income Recognized Gains (Losses) 1, Net Investment Income 1, Net Income (Loss) before Income Taxes and Extraordinary Items 5,197 3, INCOME TAXES Current 1,231 1,300 Future 406 (112) Total Income Taxes 1,637 1,188 NET INCOME (LOSS) FOR THE YEAR 3,560 2,379

76 ANNUAL STATEMENT OF PROVINCIAL COMPANIES TRANS GLOBAL INSURANCE COMPANY STATEMENTS FOR THE YEAR ENDED DECEMBER 31, 2007 STATEMENT OF RETAINED EARNINGS Current 2007 Prior 2006 Balance at beginning of year 572 3,471 Net income (loss) for the year 3,560 2,379 Dividends declared to shareholders 2,704 5,278 Net increase (decrease) in retained earnings during the year 856 (2,899) Balance at end of year 1,

77 ANNUAL STATEMENT OF PROVINCIAL COMPANIES TRANS GLOBAL LIFE INSURANCE COMPANY Head Office Edmonton, AB Incorporated 1997 Commenced Business in Alberta 1999 Licensed in all Provinces and Territories, except Quebec OFFICERS K. Yost President and Chief Executive Officer M. Borys Chief Financial Officer P. Hiebert VP Legal and Corporate Secretary M. Mascotto VP Financial Services DIRECTORS R. Barbaro J. Butler Edmonton, AB G. Campbell Edmonton, AB D. Ieraci Woodbridge, ON P. Richards New Sarepta, AB A. Swyripa Edmonton, AB K. Yost St. Alberta, AB AUDITORS Deloitte & Touche, LLP 74

78 ANNUAL STATEMENT OF PROVINCIAL COMPANIES ASSETS TRANS GLOBAL LIFE INSURANCE COMPANY STATEMENTS FOR THE YEAR ENDED DECEMBER 31, 2007 BALANCE SHEET Current 2007 Prior 2006 Cash Accrued Investment Income 1 3 Accounts Receivable Bonds and Debentures Preferred Shares 5,374 5,770 Common Shares 1,399 1,645 Future Income Taxes Other Assets ASSETS 8,755 8,711 LIABILITIES Net Actuarial Liabilities Other Insurance Policy & Contract Liabilities Accounts Payable 1,155 1,051 Other Liabilities Net Deferred Gains (Losses) on Real Estate: Equity 0 40 Future Income Taxes 0 54 Total Liabilities 2,277 2,510 SHAREHOLDERS EQUITY Capital Stock 5,000 5,000 Contributed Surplus 1,000 1,000 Retained Earnings Shareholders Accumulated OCI (Loss) (9) 0 Total Shareholders Equity 6,478 6,201 LIABILITIES AND EQUITY 8,755 8,711 75

79 ANNUAL STATEMENT OF PROVINCIAL COMPANIES REVENUE TRANS GLOBAL LIFE INSURANCE COMPANY STATEMENTS FOR THE YEAR ENDED DECEMBER 31, 2007 STATEMENT OF INCOME Current 2007 Prior 2006 Premiums 7,691 5,308 Net Investment Income REVENUE 8,389 5,710 POLICY BENEFITS AND EXPENSES Policyholder Benefits Net Changes to Actuarial Liabilities: Normal General Expenses and Taxes (excl income taxes) 5,764 4,487 POLICY BENEFITS AND EXPENSES 6,348 4,780 Income Before Income Tax 2, Provision for Income Taxes: Current Future 182 (3) NET INCOME (LOSS) FOR THE YEAR 1,

80 ANNUAL STATEMENT OF PROVINCIAL COMPANIES TRANS GLOBAL LIFE INSURANCE COMPANY STATEMENTS FOR THE YEAR ENDED DECEMBER 31, 2007 STATEMENT OF RETAINED EARNINGS Current 2007 Prior 2006 Balance at beginning of year 201 1,090 Net income (loss) for the year 1, Dividends declared to shareholders 1,168 1,569 Balance at end of year

81 ABSTRACT OF RETURNS Abstract Abstract of of The The Returns Returns of of Companies Companies Transacting Transacting LIFE INSURANCE in the Province DIRECT of Alberta PREMIUMS 2007 WRITTEN In the Province of Alberta 2007 Insurance Premiums Consideration for Annuities Name of Company Ordinary Group Total Ordinary Group Total GrandTotal $'000 $'000 $'000 $'000 $'000 $'000 $'000 Aetna Life Insurance Company AIG Life Insurance Company of Canada 40, , ,202 42,245 Allianz Life Insurance Company of North America 14 1,029 1,043 1,043 American Bankers Life Assurance Company of Florida 83 29,586 29,669 29,669 American Health and Life Insurance Company 3,999 3,999 3,999 American Income Life Insurance Company 8,292 8,292 8,292 Assumption Mutual Life Insurance Company AXA Assurances Inc AXA Equitable Life Insurance Company Blue Cross Life Insurance Company of Canada 70 7,246 7,316 7,316 BMO Life Insurance Company 990 1,530 2,520 2,520 Canada Life Assurance Company (The) 108, , ,273 7,263 3,184 10, ,720 Canadian Premier Life Insurance Company 11,767 11,767 11,767 CIBC Life Insurance Company Limited Combined Insurance Company of America Connecticut General Life Insurance Company CT Financial Assurance Company Cumis Life Insurance Company 1,571 16,145 17,716 1,325 1,325 19,041 CUNA Mutual Insurance Society Desjardins Financial Security Life Assurance Company 14,953 7,617 22,570 2, ,095 25,665 Empire Life Insurance Company (The) 19,186 2,212 21,398 6, ,277 27,675 Equitable Life Insurance Company of Canada (The) 22,521 3,210 25,731 3, ,062 29,793 First Canadian Insurance Corporation 31,433 31,433 31,433 Forethought Life Insurance Company Gerber Life Insurance Company GreatWest Life Assurance Company (The) 55,050 92, ,770 8,738 1,547 10, ,055 Household Life Insurance Company 2 2,842 2,844 2,844 Industrial Alliance Insurance and Financial Services Inc. 22,235 4,154 26, ,806 28,195 Industrial Alliance Pacific Insurance and Financial Services Inc 40,625 18,762 59,387 20,818 20,818 80,205 John Hancock Life Insurance Company La Capitale Insurance and Financial Services Inc Life Insurance Company of North America Life Investors Insurance Company of America 7,132 7,132 7,132 London Life Insurance Company 135, ,385 6,524 48,754 55, ,663 Manufacturers Life Insurance Company (The) 205,402 78, ,345 41,852 17,333 59, ,530 Manulife Canada Ltd. 9,060 9,060 9,060 78

82 Abstract of The Returns of Companies Transacting LIFE INSURANCE DIRECT PREMIUMS WRITTEN In the Province of Alberta 2007 in the Province of Alberta 2007 ABSTRACT OF RETURNS Name of Company Insurance Premiums Consideration for Annuities Ordinary Group Total Ordinary Group Total GrandTotal $'000 $'000 $'000 $'000 $'000 $'000 $'000 Massachusetts Mutual Life Insurance Company MD Life Insurance Company 9,049 9,049 9,049 Minnesota Life Insurance Company National Bank Life Insurance Company New York Life Insurance Company Penncorp Life Insurance Company 1, , ,541 Primerica Life Insurance Company of Canada 27,571 27,571 27,571 RBC Life Insurance Company 109,553 2, , ,641 Reliable Life Insurance Company Scotia Life Insurance Company SSQ Life Insurance Company Inc. 3,289 3, ,382 Standard Life Assurance Company of Canada (The) 23,930 4,996 28,926 19,619 24,037 43,656 72,582 Standard Life Assurance Limited Sun Life Assurance Company of Canada 224, , ,551 37,652 44,664 82, ,867 TD Life Insurance Company Trans Global Life Insurance Company Transamerica Life Canada 86,261 86,261 1,445 1,445 87,706 Union of Canada Life Insurance United American Insurance Company Unity Life of Canada 3,127 1,191 4, ,818 7,822 12,140 Wawanesa Life Insurance Company 8, ,320 7,317 7,317 16,637 Western Life Assurance Company 2,688 1,353 4,041 4,041 1,184, ,191 1,800, , , ,899 2,117,698 79

83 ABSTRACT OF RETURNS Abstract Abstract of of The The Returns Returns of of Companies Companies Transacting Transacting LIFE INSURANCE DIRECT CLAIMS, ANNUITIES AND DIVIDENDS LIFE INSURANCE DIRECT CLAIMS, ANNUITIES AND DIVIDENDS In the Province of Alberta 2007 in the Province of Alberta 2007 Name of Company Death Dividends Annuity Grand Total $'000 $'000 $'000 $'000 Aetna Life Insurance Company AIG Life Insurance Company of Canada 11, ,323 13,227 Allianz Life Insurance Company of North America American Bankers Life Assurance Company of Florida 1,849 1,849 American Health and Life Insurance Company American Income Life Insurance Company 1,221 1,221 Assumption Mutual Life Insurance Company AXA Equitable Life Insurance Company Blue Cross Life Insurance Company of Canada 3,360 3,360 BMO Life Insurance Company Canada Life Assurance Company (The) 40,880 20,159 42, ,065 Canadian Premier Life Insurance Company 1,060 1,060 CIBC Life Insurance Company Limited Combined Insurance Company of America 338 (89) 249 Connecticut General Life Insurance Company 3 3 Cumis Life Insurance Company 6,045 1,824 3,994 11,863 CUNA Mutual Insurance Society Desjardins Financial Security Life Assurance Company 13,205 1,046 19,078 33,329 Empire Life Insurance Company (The) 30,814 1,038 7,849 39,701 Equitable Life Insurance Company of Canada (The) 6,964 1,539 7,177 15,680 First Canadian Insurance Corporation 1,938 1,938 Forethought Life Insurance Company Gerber Life Insurance Company GreatWest Life Assurance Company (The) 96,226 17,901 23, ,764 Household Life Insurance Company Industrial Alliance Insurance and Financial Services Inc 16, ,232 37,979 Industrial Alliance Pacific Insurance and Financial Serv 16, ,754 26,534 John Hancock Life Insurance Company 8 8 La Capitale Insurance and Financial Services Inc. 2 2 Life Insurance Company of North America Life Investors Insurance Company of America 2,926 2,926 London Life Insurance Company 51,653 50, , ,433 80

84 ABSTRACT OF RETURNS Abstract of The Returns of Companies Transacting LIFE INSURANCE DIRECT in the Province CLAIMS, of Alberta ANNUITIES 2007 AND DIVIDENDS In the Province of Alberta 2007 Name of Company Death Dividends Annuity Grand Total $'000 $'000 $'000 $'000 Manufacturers Life Insurance Company (The) 138,824 25, , ,795 Manulife Canada Ltd. 3, ,997 Massachusetts Mutual Life Insurance Company MD Life Insurance Company Minnesota Life Insurance Company (26) 1 (25) National Bank Life Insurance Company New York Life Insurance Company Penncorp Life Insurance Company Primerica Life Insurance Company of Canada 10,273 10,273 Principal Life Insurance Company RBC Life Insurance Company 33, ,882 Reassure America Life Insurance Company 4 4 Reliable Life Insurance Company Scotia Life Insurance Company SSQ Life Insurance Company Inc. 2, ,466 Standard Life Assurance Company 2006 (The) Standard Life Assurance Company of Canada (The) 12,044 2, , ,406 Standard Life Assurance Limited 1,784 1,784 Sun Life Assurance Company of Canada 166,652 52, , ,683 TD Life Insurance Company Trans Global Life Insurance Company 8 8 Transamerica Life Canada 27, ,406 35,081 Union of Canada Life Insurance 1 1 United American Insurance Company Unity Life of Canada 1, ,633 Wawanesa Life Insurance Company 2, ,268 8,107 Western Life Assurance Company 1, , , , ,699 1,575,606 81

85 ABSTRACT OF RETURNS Abstract Abstract of of The The Returns Returns of of Companies Companies Transacting Transacting LIFE INSURANCE EXHIBIT OF CERTIFICATES LIFE INSURANCE EXHIBIT OF CERTIFICATES (DIRECT) In the Province of Alberta 2007 in the Province of Alberta 2007 Name of Company Aetna Life Insurance Company ORDINARY GROUP Gross in Force At end of 2006 No. Amount $'000 New Insured And Other Additions No. Amount $'000 Ceased During The No. Amount $'000 Gross in Force At end of 2007 No. Amount $'000 Net in Force At End Amount $' , , , , AIG Life Insurance Company of ORDINARY 13,151 3,197,509 3, ,310 1, ,557 15,044 3,770, ,018 Canada GROUP 6, , , ,031 7, , ,840 20,027 3,772,601 3, ,793 1, ,588 22,164 4,399,806 1,173,858 Allianz Life Insurance Company of ORDINARY 228 1, ,316 North America GROUP 16, , , , , ,958 16, , , , , ,958 American Bankers Life Assurance ORDINARY 482 6, , ,853 5,853 Company of Florida GROUP 414,465 1,305,279 75, ,786 14, , ,102 1,417, , ,947 1,312,229 75, ,786 14, , ,515 1,423, ,812 American Health and Life Insurance ORDINARY Company GROUP 20, ,546 22,725 16,500 19,387 1,858 23, , ,188 20, ,646 22,725 16,500 19,387 1,858 23, , ,288 American Income Life Insurance ORDINARY 17, ,109 3, ,149 1, ,936 19, , ,407 Company GROUP 17, ,109 3, ,149 1, ,936 19, , ,407 Assumption Mutual Life Insurance ORDINARY 87 7, , , ,634 2,248 Company GROUP 20 1, , ,914 2,766 AXA Assurances Inc. AXA Equitable Life Insurance Company ORDINARY GROUP ORDINARY GROUP 107 9, , , ,548 5, , ,888 5, , ,888 5, , ,737 Blue Cross Life Insurance Company of ORDINARY 145 5, ,037 4,112 Canada GROUP 39,109 2,957,977 6, ,820 2, ,379 42,901 3,338,418 2,610,096 39,254 2,963,422 6, ,746 2, ,713 43,049 3,344,455 2,614,208 BMO Life Insurance Company ORDINARY GROUP 2, , , ,047 2, ,643 61,746 26,418 61,394 8,171 16,293 5,636 3,771 28,953 73,916 73,916 28, ,304 9, ,073 6, ,818 31, , ,663 Canada Life Assurance Company ORDINARY 76,853 14,253,752 5,009 2,425,052 3, ,598 78,161 15,985,206 3,320,630 (The) GROUP 688,376 26,036,556 99,146 2,345,434 1, , ,836 28,230,508 2,872, ,229 40,290, ,155 4,770,486 5, , ,997 44,215,714 6,192,782 Canada Life Insurance Company of ORDINARY 1,717,311 Canada GROUP 6,161,514 7,878,825 Canadian Premier Life Insurance ORDINARY Company GROUP 134, ,261 2,286 8, , , ,440 86, , ,261 2,286 8, , , ,440 86,

86 ABSTRACT OF RETURNS Abstract of The Returns of Companies Transacting LIFE INSURANCE EXHIBIT OF CERTIFICATES LIFE INSURANCE EXHIBIT OF CERTIFICATES (DIRECT) In the in the Province of Alberta of Alberta Name of Company CIBC Life Insurance Company Limited ORDINARY GROUP Gross in Force At end of 2006 No. Amount $'000 New Insured And Other Additions No. Amount $'000 Ceased During The No. Amount $'000 Gross in Force At end of 2007 No. Amount $'000 Net in Force At End Amount $'000 1, , ,046 1, , ,322 25,662 1, , ,046 1, , ,984 CIGNA Life Insurance Company of ORDINARY Canada GROUP 3,755 20,784 3,755 20,784 3,755 20,784 3,755 20,784 Combined Insurance Company of ORDINARY 329 5, ,061 5,696 America GROUP 170 3, , , ,276 3, , , , ,337 8,972 Connecticut General Life Insurance ORDINARY 6 3, ,079 2,063 Company GROUP 6 3, ,079 2,063 CT Financial Assurance Company Cumis Life Insurance Company CUNA Mutual Insurance Society ORDINARY GROUP ORDINARY GROUP ORDINARY GROUP 93 19, ,185 1, , ,185 1,918 2, , , ,336 2, , ,262 3,182, , ,652 3,302,148 1,726,493 2,617 3,669, , ,988 2,757 3,865,141 1,834, , , , , Desjardins Financial Security Life ORDINARY 13,965 1,780, , ,131 13,595 1,804, ,215 Assurance Company GROUP 36,546 2,175,896 10, ,000 2, ,970 44,360 2,747,926 2,509,381 50,511 3,956,406 10, ,530 3, ,101 57,955 4,552,835 3,362,596 Empire Life Insurance Company (The) ORDINARY GROUP 13,795 3,554,735 2,004 1,117, ,654 15,029 4,244,640 2,525,886 9, ,622 2, ,908 1, ,940 10, , ,182 23,793 4,336,357 4,058 1,315,467 2, ,594 25,549 5,073,230 3,273,068 Equitable Life Insurance Company of ORDINARY 16,954 4,633,394 4,533 2,303,708 1, ,151 20,408 6,566,951 1,931,019 Canada (The) GROUP 13,700 1,044,019 2, ,051 1,094 60,347 15,320 1,204, ,591 30,654 5,677,413 7,247 2,524,759 2, ,498 35,728 7,771,674 2,919,610 First Canadian Insurance Corporation Forethought Life Insurance Company ORDINARY GROUP ORDINARY GROUP 81,172 2,192,438 29, ,002 22, ,223 87,562 2,443,217 1,347,075 81,172 2,192,438 29, ,002 22, ,223 87,562 2,443,217 1,347, , ,200 1, , ,200 1,200 General American Life Insurance ORDINARY 4,100,850 Company GROUP Gerber Life Insurance Company ORDINARY GROUP 4,100,850 3,001 37, , ,411 3,352 41,957 40,248 3,001 37, , ,411 3,352 41,957 40,248 83

87 ABSTRACT OF RETURNS Abstract Abstract of of The The Returns Returns of of Companies Companies Transacting Transacting LIFE INSURANCE EXHIBIT OF CERTIFICATES LIFE INSURANCE EXHIBIT OF CERTIFICATES (DIRECT) In the Province of Alberta 2007 in the Province of Alberta 2007 Name of Company Gross in Force At end of 2006 No. Amount $'000 New Insured And Other Additions No. Amount $'000 Ceased During The No. Amount $'000 Gross in Force At end of 2007 No. Amount $'000 Net in Force At End GreatWest Life Assurance Company ORDINARY 38,119 7,144,964 2,757 1,024,399 3, ,751 37,804 7,518,612 3,129,669 (The) GROUP 926,677 41,831, ,810 3,389,192 32,445 1,252,394 1,005,042 43,968,785 33,941,844 Amount $'000 Household Life Insurance Company ORDINARY GROUP 964,796 48,976, ,567 4,413,591 35,517 1,903,145 1,042,846 51,487,397 37,071, , ,750 1,750 21, ,979 11, ,199 10, ,037 22, , ,141 21, ,979 11, ,949 10, ,037 22, , ,891 Industrial Alliance Insurance and ORDINARY 14,092 2,913, , ,389 14,028 2,949,824 1,416,176 Financial Services Inc. GROUP 6, ,008 1, ,747 1,101 72,213 6, , ,151 20,958 3,702,902 1, ,066 1, ,602 20,819 3,780,366 2,166,327 Industrial Alliance Pacific Insurance ORDINARY 39,819 4,918,400 18,745 1,505,057 17, ,708 41,444 5,728,749 2,411,458 and Financial Services Inc GROUP 60,909 1,534, , ,830 60,909 1,666,474 1,397, ,728 6,452,906 18,745 2,026,855 17,120 1,084, ,353 7,395,223 3,808,956 John Hancock Life Insurance Company ORDINARY GROUP La Capitale Insurance and Financial ORDINARY 49 16, ,876 Services Inc. GROUP , , Life Insurance Company of North ORDINARY America GROUP , ,921 15, , ,921 15,921 Life Investors Insurance Company of ORDINARY America GROUP 45,295 1,169 14, , ,741 1,218 1,218 45,295 1,169 14, , ,741 1,218 1,218 London Life Insurance Company ORDINARY GROUP 134,242 13,126,736 5,093 1,595,844 8,738 1,170, ,597 13,551,610 8,031,720 3,022 32, ,004 2,970 21,723 3,376, ,264 13,159,463 5,093 1,595,844 8,790 1,181, ,567 13,573,333 11,407,754 Manufacturers Life Insurance ORDINARY 137,860 32,878,017 7,692 4,304,874 6,894 1,560, ,658 35,622,335 10,905,580 Company (The) GROUP 245,895 26,610,252 28,695 5,325,935 16,382 1,383, ,208 30,553,080 30,081, ,755 59,488,269 36,387 9,630,809 23,277 2,943, ,866 66,175,415 40,986,769 Manulife Canada Ltd. ORDINARY GROUP 10,036 1,565, , ,001 9,899 1,535, ,081 10,036 1,565, , ,001 9,899 1,535, ,081 Massachusetts Mutual Life Insurance ORDINARY , ,130 8,130 Company GROUP , ,130 8,130 MD Life Insurance Company Metropolitan Life Insurance Company ORDINARY GROUP ORDINARY GROUP , , , ,073 87, , , , ,073 87, , ,130 84

88 ABSTRACT OF RETURNS Abstract of The Returns of Companies Transacting ( ) LIFE INSURANCE EXHIBIT OF CERTIFICATES in the Province of Alberta 2007 In the Province of Alberta 2007 Name of Company Minnesota Life Insurance Company National Bank Life Insurance Company New York Life Insurance Company Penncorp Life Insurance Company ORDINARY GROUP ORDINARY GROUP ORDINARY GROUP ORDINARY GROUP Gross in Force At end of 2006 No. Amount $'000 New Insured And Other Additions No. Amount $'000 Ceased During The No. Amount $'000 Gross in Force At end of 2007 No. Amount $'000 Net in Force At End Amount $' , , , ,563 1,756 52,785 17,889 10,529 60,145 7, , , , ,708 9, , ,403 7, , , , , , , , ,173 2, , , ,292 2, , , , , , ,435 2, , ,231 Primerica Life Insurance Company of ORDINARY 27,254 10,363,979 2,482 2,482,221 1,526 1,475,586 28,210 11,370,614 9,188,493 Canada GROUP RBC Life Insurance Company ORDINARY GROUP 27,254 10,363,979 2,482 2,482,221 1,526 1,475,586 28,210 11,370,614 9,188,493 26,894 10,069,135 2,120 1,594,315 1, ,853 27,351 11,027,597 1,967,050 19,886 1,557,106 1, ,429 1, ,376 20,088 1,612,159 1,611,746 46,780 11,626,241 3,786 1,769,744 3, ,229 47,439 12,639,756 3,578,796 Reassure America Life Insurance ORDINARY (1) (1) Company GROUP Reliable Life Insurance Company ORDINARY GROUP (1) (1) , , ,836 1, ,074 22,270 1, , ,836 1, ,074 22,270 RGA Life Reinsurance Company of ORDINARY 1,489,703 Canada GROUP 99,367 Scotia Life Insurance Company SSQ Life Insurance Company Inc. ORDINARY GROUP ORDINARY GROUP 1,589, , ,283 1,199 72,549 72, , ,283 1,199 72,549 72,549 14,418 1,083,090 7, ,414 4, ,858 17,388 1,320,646 1,274,777 14,418 1,083,090 7, ,414 4, ,858 17,388 1,320,646 1,274,777 Standard Life Assurance Company of ORDINARY 20,083 4,539, , ,589 19,408 4,197,223 1,189,504 Canada (The) GROUP 17,325 2,138,714 2, ,622 1, ,003 18,573 2,299,333 2,299,333 37,408 6,678,223 2, ,925 2, ,592 37,981 6,496,556 3,488,837 Sun Life Assurance Company of ORDINARY 230,114 30,852,359 17,504 3,777,129 9,706 1,756, ,912 32,872,646 9,236,809 Canada GROUP 591,905 48,221,696 34,475 5,102,180 9, , ,827 52,569,043 46,905,666 TD Life Insurance Company ORDINARY GROUP 822,019 79,074,055 51,979 8,879,309 19,259 2,511, ,739 85,441,689 56,142,475 2, , , ,859 2, , ,170 1,179 22, ,239 1,129 20,658 6,229 3, , , ,098 3, , ,399 85

89 ABSTRACT OF RETURNS Abstract Abstract of of The The Returns Returns of of Companies Companies Transacting Transacting LIFE INSURANCE LIFE EXHIBIT OF CERTIFICATES OF CERTIFICATES (DIRECT) In the Province the of Alberta Name of Company Trans Global Life Insurance Company Transamerica Life Canada Union of Canada Life Insurance United American Insurance Company Unity Life of Canada ORDINARY GROUP ORDINARY GROUP ORDINARY GROUP ORDINARY GROUP ORDINARY GROUP Gross in Force At end of 2006 No. Amount $'000 New Insured And Other Additions No. Amount $'000 Ceased During The No. Amount $'000 Gross in Force At end of 2007 No. Amount $'000 Net in Force At End Amount $'000 36,130 86,715 1,000 41, , , ,160 36,130 86,715 1,000 41, , , ,160 56,533 17,255,586 6,594 3,486,358 3, ,318 60,069 19,784,626 4,406, ,533 17,255,708 6,594 3,486,358 3, ,339 60,069 19,784,727 4,407, , , , ,322 8,386 1,009, ,393 1,576 53, , ,756 1,783 75,290 73,058 9, ,290 1, , ,078 10,169 1,084, ,451 Washington National Insurance ORDINARY Company GROUP Wawanesa Life Insurance Company Western Life Assurance Company ORDINARY GROUP ORDINARY GROUP ORDINARY GROUP 10,720 2,076,568 1, , ,221 11,550 2,570, ,761 2, ,002 1, ,161 1,152 70,956 2, , ,146 13,366 2,334,570 2, ,630 1, ,177 14,497 2,870,023 1,049,907 2, , , ,266 3, , ,400 32, ,309 4,288 85, ,460 36, , ,904 35, ,865 4, , ,726 39,305 1,010, , , ,761,064 88,056 28,481,199 66,103 11,905, , ,335,147 72,516,548 3,520, ,884, ,978 22,517, ,571 7,190,078 3,825, ,212, ,532,820 4,448, ,645, ,034 50,999, ,675 19,096,008 4,774, ,547, ,049,368 86

90 Abstract of The Returns of Companies Transacting FRATERNAL SOCIETIES DIRECT PREMIUM (INCLUDING DUES) AND DIRECT PREMIUM INCURRED In the Province of Alberta 2007 Abstract of The Returns of Fraternal Societies DIRECT PREMIUMS (INCLUDING DUES) AND DIRECT CLAIMS INCURRED in the Province of Alberta 2007 ABSTRACT OF RETURNS Direct Premiums, Contributions and Dues Direct ACA Assurance Name of Society Life Insurance Fund Annuity Fund Accident Sickness Insurance Fund Other Funds Total Life Insurance Fund Annuity Fund Accident Sickness Insurance Fund Other Funds $'000 $'000 $'000 $'000 $'000 $'000 $'000 $'000 $'000 $' (2) (2) Total Actra Fraternal Benefit Society Croatian Fraternal Union of America Grand Orange Lodge of British America Benefit Fund (The) Independent Order of Foresters (The) 4 4, ,786 1,908 3, ,099 Knights of Columbus 15,759 5, ,791 2,368 3, ,026 Lutheran Life Insurance Society of Canada North West Commercial Travellers 3, ,561 1,110 1, , Order of United Commercial Travelers of America (The) Sons of Scotland Benevolent Association Ukrainian Fraternal Society of Canada Ukrainian Mutual Benefit Association of Saint Nicholas of Canada Ukrainian National Association Inc Women's Life Insurance Society ,694 6, ,584 5,548 8, ,904 87

91 ABSTRACT OF RETURNS Abstract of The Returns of Companies Transacting FRATERNAL SOCIETIES EXHIBIT OF CERTIFICATES In the Province of Alberta 2007 Abstract of The Returns of Fraternal Societies Transacting LIFE INSURANCE EXHIBIT OF CERTIFICATES (DIRECT) in the Province of Alberta 2007 Name of Society Gross in Force At end of 2006 No. Amount $'000 New Insured And Other Additions No. Amount $'000 Ceased During The No. Amount $'000 Gross in Force At end of 2007 No. Amount $'000 Net in Force At End Amount $'000 Actra Fraternal Benefit Society 461 9, ,644 6,997 Croatian Fraternal Union of America Grand Orange Lodge of British America Benefit Fund (The) Independent Order of Foresters (The) 11, , , ,534 10, , ,439 Knights of Columbus 19,506 1,496,829 1, , ,358 20,750 1,698,375 1,694,650 Lutheran Life Insurance Society of Canada 6, , , ,247 6, , ,336 North West Commercial Travellers Order of United Commercial Travelers of America (The) 163 2, ,972 1,971 Sons of Scotland Benevolent Association Ukrainian Fraternal Society of Canada Ukrainian Mutual Benefit Association of Saint Nicholas of Canada 91 1, ,261 1,143 Ukrainian National Association Inc Women's Life Insurance Society ,833 2,424,108 2, ,404 1, ,682 39,458 2,632,830 2,475,727 88

92 Abstract of The Returns of Companies Transacting AUTOMOBILE AND PROPERTY INSURANCE Abstract In the of Province The Returns of Companies Alberta Transacting 2007 AUTOMOBILE PROPERTY INSURANCE in the Province of Alberta 2007 ABSTRACT OF RETURNS NAME OF COMPANY Premiums Written AUTOMOBILE PROPERTY Ratio * Premiums Written $'000 $'000 $'000 $'000 Ratio * ACE INA Insurance 16,622 9, % 20,310 (1,980) Affiliated F.M. Insurance Company 4,382 13, % AIG Commercial Insurance Company of Canada 380 (26) (4) (107) Alberta Motor Association Insurance Company 164, , % 40,695 29, % Alberta Municipal Insurance Exchange 6,320 5, % Alberta School Boards Insurance Exchange % Allianz Global Risk US Insurance Company 6,868 3, % 13,136 5, % Allstate Insurance Company of Canada 57,711 43, % 16,009 11, % American Bankers Insurance Company of Florida 1, % American Home Assurance Company 11,209 3, % 83,293 32, % American Road Insurance Company 1,357 2, % Ascentus Insurance Ltd. (38) % Asset Protection Insurance Exchange % Aviva Insurance Company of Canada 152,831 72, % 72,225 37, % Aviva International Insurance Limited (1) AXA Corporate Solutions Assurance (42) AXA Insurance (Canada) (1) (339) % AXA Pacific Insurance Company 75,513 37, % 39,428 20, % Boiler Inspection and Insurance Company of Canada % Canadian Airports Reciprocal Insurance Exchange (CARIE) 602 (4) Canadian Direct Insurance Incorporated 36,487 21, % 4,546 3, % Canadian Farm Insurance Corp % 5,378 3, % Canadian Northern Shield Insurance Company 1,087 1, % Canadian Universities Reciprocal Insurance Exchange 1, % Certas Direct Insurance Company 3,881 1, % % Chubb Insurance Company of Canada 1, % 30,161 14, % Commonwealth Insurance Company 20,187 2, % Continental Casualty Company 4,267 2, % 23,454 6, % Cooperators General Insurance Company 217, , % 149, , % Coseco Insurance Company 10,946 6, % 3,148 2, % Cumis General Insurance Company 4,618 2, % 2,921 1, % DaimlerChrysler Insurance Company 2,291 1, % 7 Dominion of Canada General Insurance Company (The) 86,722 59, % 41,582 31, % Ecclesiastical Insurance Office Public Limited Company 1, % Echelon General Insurance Company 554 (729) 1, % Economical Mutual Insurance Company 106,054 47, % 48,433 41, % 89

93 ABSTRACT OF RETURNS Abstract Abstract of of The The Returns Returns of of Companies Companies Transacting Transacting AUTOMOBILE AND PROPERTY INSURANCE In Abstract the Province of The Returns of of Alberta Companies 2007 Transacting AUTOMOBILE PROPERTY INSURANCE in the Province of Alberta 2007 NAME OF COMPANY Premiums Written AUTOMOBILE PROPERTY Ratio * Premiums Written $'000 $'000 $'000 $'000 Ratio * Elite Insurance Company 12,460 3, % 33,397 18, % Employers Insurance Company of Wausau (2) (1) Energy Insurance Reciprocal (EIR) 4,885 1, % Factory Mutual Insurance Company 35,933 32, % Federal Insurance Company % Federated Insurance Company of Canada 20,164 18, % 12,414 5, % Federation Insurance Company of Canada 10 (427) (8) FedGas Insurance Reciprocal Exchange % First North American Insurance Company % Fortress Insurance Company % GCAN Insurance Company % 22,654 7, % GMS Insurance Inc. 9 Gore Mutual Insurance Company % Grain Insurance and Guarantee Company 4,607 2, % Great American Insurance Company 5,194 1, % Guarantee Company of North America (The) % 1, % Hartford Fire Insurance Company % 4,355 2, % Healthcare Insurance Reciprocal of Canada 2 Industrial Alliance Pacific General Insurance Corporation ING Insurance Company of Canada 477, , % 190, , % ING Novex Insurance Company of Canada 53,296 30, % 14,755 13, % Innovative Insurance Corporation 4,266 1, % % Jevco Insurance Company 10,150 4, % % Jubilee Reciprocal Insurance Exchange 2,577 3, % Kingsway General Insurance Company 26,370 16, % 3,962 2, % Legacy General Insurance Company 73 (2) Liberty Mutual Insurance Company 8,388 5, % 11, % Lloyd's Underwriters 4,440 5, % 110,029 16, % Lombard General Insurance Company of Canada 31,806 18, % 26,109 14, % Lombard Insurance Company % % London and Midland General Insurance Company 4, % Lumbermens Mutual Casualty Company (26) Lumbermen's Underwriting Alliance 4, % Markel Insurance Company of Canada 31,004 20, % 3,173 2, % MAX Canada Insurance Company % 90 Mennonite Mutual Insurance Co. (Alberta) Ltd. 19 3,824 1, %

94 ABSTRACT OF RETURNS Abstract of The Returns of Companies Transacting AUTOMOBILE AND PROPERTY INSURANCE AUTOMOBILE PROPERTY INSURANCE In the in Province the of of Alberta Alberta NAME OF COMPANY Premiums Written AUTOMOBILE PROPERTY Ratio * Premiums Written $'000 $'000 $'000 $'000 Ratio * Millennium Insurance Corporation 15,760 10, % 1, % Missisquoi Insurance Company (The) (714) 7 Motors Insurance Corporation 1,691 1, % 6, % Nipponkoa Insurance Company, Limited % Nordic Insurance Company of Canada (The) (1,636) (8,613) (1,226) North American Specialty Insurance Company (1,309) 437 Old Republic Insurance Company of Canada 8,115 2, % 1, % Optimum West Insurance Company 3,386 2, % 1,369 1, % Peace Hills General Insurance Company 62,116 36, % 37,366 23, % Pembridge Insurance Company 2,578 8, % % Perth Insurance Company (256) (709) Pool Insurance Company 1,190 Portage La Prairie Mutual Insurance Company (The) 19,533 12, % 8,144 4, % Primmum Insurance Company 71,360 47, % 16,177 12, % Progressive Casualty Insurance Company (424) Protective Insurance Company % Provincial Health Authorities of Alberta Liability and Property Insurance Plan % RBC General Insurance Company 19,621 12, % 4,534 2, % RBC Insurance Company of Canada 1, % Royal & Sun Alliance Insurance Company of Canada 73,093 35, % 45,100 19, % Saskatchewan Mutual Insurance Company 8,001 3, % Scottish & York Insurance Co. Limited 4,111 3, % % SecuriCan General Insurance Company 2,423 1, % Security National Insurance Company 234, , % 68,635 33, % Sentry Insurance A Mutual Company % SGI CANADA Insurance Services Ltd. 7,735 4, % 2, % Sompo Japan Insurance Inc. 49 (36) Sovereign General Insurance Company (The) 13,581 9, % 20,488 13, % St. Paul Fire and Marine Insurance Company 17,179 13, % 17,875 9, % State Farm Fire and Casualty Company (The) 31,459 16, % State Farm Mutual Automobile Insurance Company 97,704 53, % Sumitomo Marine and Fire Insurance Company Limited (The) % 1, % TD Home and Auto Insurance Company 24,228 15, % 8,900 6, % Temple Insurance Company 3, % The Personal Insurance Company 29,300 15, % 7,105 4, % Tokio Marine & Nichido Fire Insurance Co., Ltd % 1,036 21, % 91

95 ABSTRACT OF RETURNS Abstract Abstract of of The The Returns Returns of of Companies Companies Transacting Transacting AUTOMOBILE AND PROPERTY INSURANCE AUTOMOBILE PROPERTY INSURANCE In the Province of Alberta 2007 in the Province of Alberta 2007 NAME OF COMPANY Premiums Written AUTOMOBILE PROPERTY Ratio * Premiums Written $'000 $'000 $'000 $'000 Ratio * Traders General Insurance Company 19,525 5, % 3,787 2, % Trafalgar Insurance Company of Canada 13,423 7, % 2,975 2, % Trans Global Insurance Company 4,429 (28) UAPNew Rotterdam Insurance Company N.V. (1) Unifund Assurance Company 133,445 70, % 26,548 20, % Waterloo Insurance Company 7,430 4, % 1,401 1, % Wawanesa Mutual Insurance Company (The) 389, , % 160, , % Western Reciprocal Group 973 1, % Westport Insurance Corporation 3,715 1, % XL Insurance Company Limited % 2, % York Fire & Casualty Insurance Company 6,973 7, % % Zenith Insurance Company 908 (1,745) % Zurich Insurance Company 59,989 32, % 53,218 51, % 2,979,221 1,825, % 1,697,377 1,081, % *Ratio A ratio of total direct claims and adjustment expense incurred to total direct premiums written in Alberta. This ratio does not take into consideration changes in unearned premiums and reinsurance as these amounts are not allocated by Province. 92

96 ABSTRACT OF RETURNS Abstract of The Returns of Companies Transacting ACCIDENT AND SICKNESS INSURANCE ACCIDENT and SICKNESS INSURANCE In the Province of Alberta 2007 in the Province of Alberta 2007 NAME OF COMPANY ACCIDENT and SICKNESS Premiums Written Ratio * $'000 $'000 ACE INA Insurance % Aetna Life Insurance Company % AIG Commercial Insurance Company of Canada % AIG Life Insurance Company of Canada 3,100 2, % Alberta Motor Association Insurance Company % Allianz Global Risk US Insurance Company 5,114 1, % Allianz Life Insurance Company of North America % American Bankers Insurance Company of Florida 12, % American Bankers Life Assurance Company of Florida 26,373 4, % American Home Assurance Company 3,366 1, % American Income Life Insurance Company 1, % AMEX Assurance Company 278 Assumption Mutual Life Insurance Company % Aviva Insurance Company of Canada 163 AXA Assurances Inc. 9,067 4, % AXA Insurance (Canada) 10 (539) AXA Pacific Insurance Company % Blue Cross Life Insurance Company of Canada 18,810 7, % BMO Life Insurance Company 7, % Canada Life Assurance Company (The) 65,269 11, % Canadian Premier Life Insurance Company 18,644 2, % Canassurance Insurance Company % Chubb Insurance Company of Canada 28 (1) CIBC Life Insurance Company Limited 2, % Combined Insurance Company of America 20,152 2, % Connecticut General Life Insurance Company % Continental Casualty Company 61 Cooperators General Insurance Company % CT Financial Assurance Company % Cumis General Insurance Company % Cumis Life Insurance Company 9,501 1, % Desjardins Financial Security Life Assurance Company 50,522 24, % Echelon General Insurance Company % Empire Life Insurance Company (The) 21,176 13, % Equitable Life Insurance Company of Canada (The) 30,806 20, % First Canadian Insurance Corporation 35,840 2, % 93

97 ABSTRACT OF RETURNS Abstract Abstract of of The The Returns Returns of of Companies Companies Transacting Transacting ACCIDENT ACCIDENT AND and SICKNESS INSURANCE In the Province of Alberta 2007 in the Province of Alberta 2007 NAME OF COMPANY ACCIDENT and SICKNESS Premiums Written Ratio * $'000 $'000 GMS Insurance Inc. 2,270 1, % GreatWest Life Assurance Company (The) 380, , % Green Shield Canada 8,593 7, % Household Life Insurance Company 2, % Industrial Alliance Insurance and Financial Services Inc. 26,165 13, % Industrial Alliance Pacific Insurance and Financial Services Inc 38,333 8, % ING Insurance Company of Canada (52) ING Novex Insurance Company of Canada 710 La Capitale Insurance and Financial Services Inc % Legacy General Insurance Company 2, % Liberty Life Assurance Company of Boston 46 Life Insurance Company of North America % Life Investors Insurance Company of America 5,046 1, % Lloyd's Underwriters 8,405 4, % Lombard General Insurance Company of Canada 4 London and Midland General Insurance Company 6, % London Life Insurance Company 5,208 Manufacturers Life Insurance Company (The) 274, , % Manulife Canada Ltd % National Bank Life Insurance Company % New York Life Insurance Company % PBC Health Benefits Society % Penncorp Life Insurance Company 11,201 2, % Primerica Life Insurance Company of Canada 2 RBC Insurance Company of Canada 29,159 8, % RBC Life Insurance Company 75,768 33, % Reliable Life Insurance Company 11,184 1, % Royal & Sun Alliance Insurance Company of Canada 17,145 Scotia Life Insurance Company 3, % SSQ Life Insurance Company Inc. 15,606 8, % Standard Life Assurance Company of Canada (The) 32,445 24, % Sumitomo Marine and Fire Insurance Company Limited (The) (1) Sun Life Assurance Company of Canada 318, , % TD Life Insurance Company 4,698 1, % Trans Global Life Insurance Company 1, % Transamerica Life Canada

98 ABSTRACT OF RETURNS Abstract of The Returns of Companies Transacting ACCIDENT Abstract of The AND Returns SICKNESS of Companies INSURANCE Transacting In the Province of Alberta 2007 ACCIDENT and SICKNESS INSURANCE in the Province of Alberta 2007 NAME OF COMPANY ACCIDENT and SICKNESS Premiums Written Ratio * $'000 $'000 Unity Life of Canada 1, % Washington National Insurance Company 52 Wawanesa Life Insurance Company 3,787 2, % Western Life Assurance Company 6,351 3, % 1,636, , % *Ratio A ratio of total direct claims and adjustment expense incurred to total direct premiums written in Alberta. This ratio does not take into consideration changes in unearned premiums and reinsurance as these amounts are not allocated by Province. 95

99 ABSTRACT OF RETURNS Abstract Abstract of of The The Returns Returns of of Companies Companies Transacting Transacting LIABILITY AND FIDELITY INSURANCE In the LIABILITY Province FIDELITY of Alberta INSURANCE 2007 in the Province of Alberta 2007 NAME OF COMPANY Premiums Written LIABILITY Ratio * Premiums Written FIDELITY $'000 $'000 $'000 $'000 Ratio * ACE INA Insurance 23,727 6, % 237 (17) AIG Commercial Insurance Company of Canada 10,178 13, % Alberta Municipal Insurance Exchange 5,130 3, % Alberta Roofing Contractors Reciprocal Insurance Exchange 30 Alberta School Boards Insurance Exchange 1, % Allianz Global Risk US Insurance Company 1, % American Bankers Insurance Company of Florida 2, % American Home Assurance Company 51,871 53, % % Ascentus Insurance Ltd. 93 Aviva Insurance Company of Canada 33,978 6, % % Aviva International Insurance Limited (190) AXA Corporate Solutions Assurance 73 AXA Insurance (Canada) 271 1, % % AXA Pacific Insurance Company 45,850 22, % % British Aviation Insurance Company Limited (The) 11 Canadian Direct Insurance Incorporated % Canadian Farm Insurance Corp % Canadian Lawyers Insurance Association 4, % Canadian Northern Shield Insurance Company 304 (369) 3 Canadian Universities Reciprocal Insurance Exchange 1,194 1, % Chubb Insurance Company of Canada 43,919 26, % 2,167 (2,086) Commonwealth Insurance Company 12,562 26, % Community Newspapers Reciprocal Insurance Exchange 33 (1) Continental Casualty Company 18,753 47, % 31 (4) Cooperators General Insurance Company 35,850 11, % 260 Cumis General Insurance Company % % Dominion of Canada General Insurance Company (The) 15,701 (2,317) % Ecclesiastical Insurance Office Public Limited Company % Echelon General Insurance Company % Economical Mutual Insurance Company 15,432 6, % % Employers Insurance Company of Wausau (8) Energy Insurance Reciprocal (EIR) 1, % Everest Insurance Company of Canada (1) Federal Insurance Company % Federated Insurance Company of Canada 10, % % Federation Insurance Company of Canada (30) 96

100 ABSTRACT OF RETURNS Abstract of The Returns of Companies Transacting LIABILITY LIABILITY AND FIDELITY FIDELITY INSURANCE INSURANCE In the Province of Alberta 2007 in the Province of Alberta 2007 NAME OF COMPANY Premiums Written LIABILITY Ratio * Premiums Written FIDELITY $'000 $'000 $'000 $'000 Ratio * FedGas Insurance Reciprocal Exchange % GCAN Insurance Company 19,249 18, % 38 Genesis Reciprocal Insurance Exchange 4,023 2, % Gore Mutual Insurance Company 50 (28) Grain Insurance and Guarantee Company 1, % 16 Great American Insurance Company 2, % % Guarantee Company of North America (The) 479 2, % Hartford Fire Insurance Company 2,784 (1,706) Healthcare Insurance Reciprocal of Canada 593 (30) ING Insurance Company of Canada 41,810 7, % ING Novex Insurance Company of Canada 1,997 2, % Jevco Insurance Company 26 Kingsway General Insurance Company 1, % Liberty Mutual Insurance Company 18,343 10, % % Lloyd's Underwriters 95,037 54, % % Lombard General Insurance Company of Canada 20,454 18, % % Lombard Insurance Company 1,750 Lumbermens Mutual Casualty Company 74 Markel Insurance Company of Canada % MAX Canada Insurance Company % Mennonite Mutual Insurance Co. (Alberta) Ltd. 492 (309) Millennium Insurance Corporation % Nipponkoa Insurance Company, Limited 6 (34) Nordic Insurance Company of Canada (The) (1,709) North American Specialty Insurance Company % Old Republic Insurance Company of Canada % Optimum West Insurance Company % 3 Pembridge Insurance Company 2 Portage La Prairie Mutual Insurance Company (The) % Primmum Insurance Company 1,817 1, % Protective Insurance Company 2 (3) Provincial Health Authorities of Alberta Liability and Property Insurance Plan 11,099 10, % RBC General Insurance Company 65 Real Estate Insurance Exchange 2,861 1, % Royal & Sun Alliance Insurance Company of Canada 13,525 4, % % Saskatchewan Mutual Insurance Company 2, % % 97

101 ABSTRACT OF RETURNS Abstract Abstract of of The The Returns Returns of of Companies Companies Transacting Transacting LIABILITY AND FIDELITY INSURANCE In the Province of Alberta 2007 Abstract of The Returns of Companies Transacting LIABILITY FIDELITY INSURANCE in the Province of Alberta 2007 NAME OF COMPANY Premiums Written LIABILITY Ratio * Premiums Written FIDELITY $'000 $'000 $'000 $'000 Ratio * Scottish & York Insurance Co. Limited 5, % Security Insurance Company of Hartford 7,155 Sentry Insurance A Mutual Company % SGI CANADA Insurance Services Ltd. 1, % 1 Sompo Japan Insurance Inc. 61 (106) Sovereign General Insurance Company (The) 16,184 5, % 91 (1) St. Paul Fire and Marine Insurance Company 20,578 15, % % State Farm Fire and Casualty Company (The) 4,776 1, % 1 Sumitomo Marine and Fire Insurance Company Limited (The) % % Temple Insurance Company 15,210 2, % TIG Insurance Company 1 Tokio Marine & Nichido Fire Insurance Co., Ltd % Traders General Insurance Company (195) Trafalgar Insurance Company of Canada 6 (24) Travelers Guarantee Company of Canada 6,342 (1,431) % Waterloo Insurance Company % Wawanesa Mutual Insurance Company (The) 7,952 3, % Western Surety Company 2 Westport Insurance Corporation 3,743 1, % XL Insurance Company Limited 12,912 7, % XL Reinsurance America Inc. 7,687 2, % York Fire & Casualty Insurance Company (9) 58 Zurich Insurance Company 53,381 25, % % 740, , % 10, % *Ratio A ratio of total direct claims and adjustment expense incurred to total direct premiums written in Alberta. This ratio does not take into consideration changes in unearned premiums and reinsurance as these amounts are not allocated by Province. 98 3

102 ABSTRACT OF RETURNS Abstract of The Returns of Companies Transacting SURETY AND BOILER AND MACHINERY INSURANCE Abstract of The Returns Companies Transacting In the Province of Alberta 2007 SURETY BOILER and MACHINERY INSURANCE in the Province of Alberta 2007 NAME OF COMPANY Premiums Written SURETY Ratio * Premiums Written BOILER MACHINERY $'000 $'000 $'000 $'000 Ratio * ACE INA Insurance 421 (13) (657) Affiliated F.M. Insurance Company % AIG Commercial Insurance Company of Canada 2 Allianz Global Risk US Insurance Company 1, % American Home Assurance Company 1 (657) 1,906 (119) Aviva Insurance Company of Canada 2,086 (91) 1, % AXA Insurance (Canada) 4 AXA Pacific Insurance Company 10,929 (1,170) 1,105 (102) Boiler Inspection and Insurance Company of Canada 2, % Canadian Farm Insurance Corp. 41 Canadian Northern Shield Insurance Company 1 Chubb Insurance Company of Canada 1, % % Continental Casualty Company % Cooperators General Insurance Company 115 (92) 1,373 (7) Cumis General Insurance Company 96 DaimlerChrysler Insurance Company 47 Dominion of Canada General Insurance Company (The) Ecclesiastical Insurance Office Public Limited Company 59 Economical Mutual Insurance Company % % Factory Mutual Insurance Company 9,073 (3,583) Federated Insurance Company of Canada 45 (3) % Federation Insurance Company of Canada 138 (6) Fenchurch General Insurance Company 1, % GCAN Insurance Company 5,063 8, % Gore Mutual Insurance Company 13 Grain Insurance and Guarantee Company 3 62 (3) Great American Insurance Company 20 Guarantee Company of North America (The) 14,341 (239) Hartford Fire Insurance Company 1 2 Industrial Alliance Pacific General Insurance Corporation ING Insurance Company of Canada 2, % 1, % ING Novex Insurance Company of Canada % Jevco Insurance Company 43 Kingsway General Insurance Company % 4 Lloyd's Underwriters 7,864 2, % Lombard General Insurance Company of Canada % 99

103 ABSTRACT OF RETURNS Abstract Abstract of of The The Returns Returns of of Companies Companies Transacting Transacting SURETY AND BOILER AND MACHINERY INSURANCE SURETY BOILER and MACHINERY INSURANCE In the Province of Alberta 2007 in the Province of Alberta 2007 NAME OF COMPANY Premiums Written SURETY Ratio * Premiums Written BOILER MACHINERY $'000 $'000 $'000 $'000 Ratio * Lumbermen's Underwriting Alliance % Millennium Insurance Corporation 48,770 5, % Nordic Insurance Company of Canada (The) (18) Optimum West Insurance Company 5 Royal & Sun Alliance Insurance Company of Canada 1 3, % Saskatchewan Mutual Insurance Company % Scottish & York Insurance Co. Limited 14 SGI CANADA Insurance Services Ltd. 6 8 Sovereign General Insurance Company (The) 3, % % St. Paul Fire and Marine Insurance Company 352 (65) State Farm Fire and Casualty Company (The) 6 Sumitomo Marine and Fire Insurance Company Limited (The) 24 (17) Temple Insurance Company 18 (11) Travelers Guarantee Company of Canada 7,792 2, % 6,940 3, % Wawanesa Mutual Insurance Company (The) % Western Surety Company 4,731 (53) Westport Insurance Corporation 103 XL Insurance Company Limited % Zurich Insurance Company 3, % 2,501 (79) 51, % 102,522 19, % *Ratio A ratio of total direct claims and adjustment expense incurred to total direct premiums written in Alberta. This ratio does not take into consideration changes in unearned premiums and reinsurance as these amounts are not allocated by Province. 100

104 ABSTRACT OF RETURNS Abstract of The Returns of Companies Transacting AIRCRAFT AIRCRAFT AND MARINE MARINE INSURANCE INSURANCE In the Province of Alberta 2007 in the Province of Alberta 2007 NAME OF COMPANY Premiums Written $'000 AIRCRAFT Ratio * Premiums Written MARINE $'000 $'000 $'000 Ratio * ACE INA Insurance 2, % % Allianz Global Risk US Insurance Company 4, % American Home Assurance Company 1, % 2,754 1, % Avemco Insurance Company (27) Aviva International Insurance Limited % AXA Corporate Solutions Assurance 572 (78) (35) AXA Insurance (Canada) % AXA Pacific Insurance Company (20) 446 (18) British Aviation Insurance Company Limited (The) 13 Canadian Applicators Insurance Reciprocal 482 Canadian Union Insurance Company 1, % Centennial Insurance Company (1) Chubb Insurance Company of Canada (1) % Commonwealth Insurance Company 67 (27) Continental Casualty Company (6) 1,683 1, % Cooperators General Insurance Company 66 Eagle Star Insurance Company Limited 59 GCAN Insurance Company 1, % 45 (70) Great American Insurance Company % Hartford Fire Insurance Company (19) (302) (2) ING Insurance Company of Canada % Liberty Mutual Insurance Company % Lloyd's Underwriters 16,483 3, % 7,196 16, % Lombard General Insurance Company of Canada 1, % % National Liability & Fire Insurance Company 5,724 1, % % Royal & Sun Alliance Insurance Company of Canada (57) (1,592) 1, % 101

105 ABSTRACT OF RETURNS Abstract Abstract of of The The Returns Returns of of Companies Companies Transacting Transacting AIRCRAFT Abstract of AND The Returns MARINE of Companies INSURANCE Transacting In the Province of Alberta 2007 AIRCRAFT MARINE INSURANCE in the Province of Alberta 2007 NAME OF COMPANY Premiums Written $'000 AIRCRAFT Ratio * Premiums Written MARINE $'000 $'000 $'000 Ratio * Sovereign General Insurance Company (The) (1,091) (646) St. Paul Fire and Marine Insurance Company (75) % Sumitomo Marine and Fire Insurance Company Limited (The) % 100 Temple Insurance Company 6,521 1, % Tokio Marine & Nichido Fire Insurance Co., Ltd % Westport Insurance Corporation 2, % 45,349 6, % 16,456 19, % *Ratio A ratio of total direct claims and adjustment expense incurred to total direct premiums written in Alberta. This ratio does not take into consideration changes in unearned premiums and reinsurance as these amounts are not allocated by Province. 102

106 ABSTRACT OF RETURNS Abstract of The Returns of Companies Transacting HAIL HAIL AND TITLE TITLE INSURANCE INSURANCE In the Province of Alberta 2007 in the Province of Alberta 2007 NAME OF COMPANY Premiums Written HAIL Ratio * Premiums Written TITLE $'000 $'000 $'000 $'000 Ratio * ACE INA Insurance % Chicago Title Insurance Company 4, % First American Title Insurance Company 7, % Lawyers' Professional Indemnity Company % Lombard General Insurance Company of Canada 3,061 3, % Palliser Insurance Company Limited 10,433 13, % Rain and Hail Insurance Corporation % Stewart Title Guaranty Company 5,838 2, % 14,397 17, % 18,727 3, % *Ratio A ratio of total direct claims and adjustment expense incurred to total direct premiums written in Alberta. This ratio does not take into consideration changes in unearned premiums and reinsurance as these amounts are not allocated by Province. 103

107 ABSTRACT OF RETURNS Abstract Abstract of of The The Returns Returns of of Companies Companies Transacting Transacting MORTGAGE AND CREDIT pinsurance g In the Province of Alberta 2007 MORTGAGE CREDIT INSURANCE in the Province of Alberta 2006 NAME OF COMPANY Premiums Written MORTGAGE Ratio * Premiums Written CREDIT $'000 $'000 $'000 $'000 Ratio * AIG United Guaranty Mortgage Insurance Company Canada 10,370 American Home Assurance Company 426 (214) Continental Casualty Company (14) (22) Euler Hermes American Credit Indemnity Company % Genworth Financial Mortgage Insurance Company Canada 191,559 1, % Travelers Guarantee Company of Canada 1 (305) Zurich Insurance Company ,929 1, % 1, % *Ratio A ratio of total direct claims and adjustment expense incurred to total direct premiums written in Alberta. This ratio does not take into consideration changes in unearned premiums and reinsurance as these amounts are not allocated by Province. 104

108 ABSTRACT OF RETURNS Abstract of The Returns of Companies Transacting Abstract of The LEGAL Returns of EXPENSE Companies Transacting In the Province of Alberta 2007 LEGAL EXPENSE in the Province of Alberta 2007 NAME OF COMPANY Premiums Written LEGAL EXPENSE Ratio * Premiums Written $'000 $'000 $'000 $'000 Ratio * Echelon General Insurance Company 3 ING Novex Insurance Company of Canada 277 London and Midland General Insurance Company 16 MAX Canada Insurance Company % *Ratio A ratio of total direct claims and adjustment expense incurred to total direct premiums written in Alberta. This ratio does not take into consideration changes in unearned premiums and reinsurance as these amounts are not allocated by Province. 105