ANNUAL REPORT BUSINESS 2011 SUPERINTENDENT OF INSURANCE

Transcription

1 ANNUAL REPORT BUSINESS 2011 SUPERINTENDENT OF INSURANCE

2 LETTER OF TRANSMITTAL TO MINISTER The Honourable Doug Horner President of Treasury Board and Minister of Finance 423 Legislature Building Edmonton, Alberta Dear Minister Horner: Pursuant to section 799(2) of the Insurance Act, I am pleased to send you the 99 th Annual Report of the Superintendent of Insurance which shows the insurance business transacted in Alberta for the year ending December 31, The Report includes: Yours truly, a) a summary of insurance companies licensed under the Insurance Act; and b) summaries of premiums written and claims incurred. [Original Signed] Mark Prefontaine Superintendent of Insurance cc: Annette Trimbee, Deputy Minister Treasury Board and Finance i

3 SUPERINTENDENT S MESSAGE The year 2011 provided the insurance industry in Alberta with many opportunities to demonstrate their agility, perseverance and resilience. Insurers operating in Alberta continued to face the increasing frequency and severity of weather related storms, financial market volatility, and historically low interest rates. They also dealt with the May 2011 wildfire that burned through the Town of Slave Lake causing the evacuation of 7,000 residents and more than $700 million in damages, making it the second costliest insured disaster in Canadian history. These factors combined to highlight the strengths of the insurance industry. The office of the Superintendent of Insurance provides policy and regulatory oversight for the insurance sector in Alberta. In 2011, we closely monitored existing and emerging risks to the solvency of the provincial insurance companies and reciprocal insurance exchanges that we oversee. We continued our efforts to monitor the industry to make sure that insurers were conducting business in a manner that ensures customers are being treated fairly and in compliance with the Insurance Act. As Superintendent of Insurance, I would like to express gratitude to: Mr. Dennis Gartner, Superintendent of Insurance and Mr. Arthur Hagan, Deputy Superintendent of Insurance who retired from the Alberta Public Service in By leading with the values of excellence, integrity, accountability and respect these gentlemen inspired others, within government and the insurance industry, to work for what is in the best interests of Albertans; The staff of Alberta Treasury Board and Finance as well as our colleagues at the Alberta Automobile Insurance Rate Board and the Alberta Insurance Council, who through their commitment and success, have ensured that Albertans have access to fair, reliable and affordable insurance; and The people of Slave Lake and surrounding communities, the teams in the insurance industry, our colleagues in the Alberta Public Service and the hundreds of other Canadians that worked together to resettle and support the families in the Slave Lake region after the devastating fire. While, 2011 was a challenging year, I am proud of the work that was achieved and look forward to continuing to strive for a fair and balanced regulatory system in Alberta. [Original Signed] Mark Prefontaine ii

4 SUMMARY OF INSURANCE BUSINESS IN ALBERTA The mission of the office of the Superintendent of Insurance is to provide policy and regulatory oversight for the insurance sector that is effective, fair and in the interests of Albertans. We achieve this by taking appropriate, fair and balanced regulatory actions and effectively consulting with Albertans and the insurance industry. The office regulates 259 insurance companies, reciprocal insurance exchanges and fraternal benefit societies that are licensed to operate in Alberta as follows: Fraternal Benefit Societies 10 Reciprocal Insurance Exchanges 22 Life Insurers 72 Property and Casualty Insurers 155 Total Insurers Licensed in Alberta 259 The office recovers all the costs of regulation and policy development from industry on an annual basis. In 2011, we collected $1,505,758 from the insurance industry through the Recovery of Administration Costs Regulation. The following is a summary of the business transacted in Alberta during 2011: ($000) Premiums Written Life $2,249,335 General $9,062,907 Total Premiums Written $11,312,242 and Disbursements Life $1,677,652 General $6,555,298 Total and Disbursements $8,232,950 Total Amount of Life Insurance in Force $491,907,832 iii

5 TABLE OF CONTENTS LETTER OF TRANSMITTAL TO MINISTER... SPECIAL ACKNOWLEDGMENTS... SUMMARY OF INSURANCE BUSINESS IN ALBERTA... TABLE OF CONTENTS... 1 INSURERS LICENSED... 2 INSURER STATISTICS... 3 PREMIUM STATISTICS... 4 PROVINCIAL INSURER FINANCIAL RESULTS... 5 ENFORCEMENT ACTIVITIES... 7 CERTIFIED EXAMINATIONS AND APPEAL BOARDS... 8 UNLICENSED INSURANCE... 9 COMPARATIVE SUMMARY OF PREMIUMS AND CLAIMS COMPARATIVE ANALYSIS OF LIFE INSURANCE IN FORCE SUMMARY OF LICENSED INSURERS UNDER THE INSURANCE ACT ABSTRACT OF RETURNS Life Insurance Direct Premiums Written Life Insurance Direct Annuities and Dividends 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 GLOSSARY Page i ii iii 1

6 INSURERS LICENSED Insurers Licensed There were 259 insurance companies and exchanges licensed at December 31, Business Type Alberta Extra Provincial Federal Total Property and Casualty Companies Life Insurance Companies Fraternal Societies Reciprocal Insurance Exchanges Total (a) The following five insurance companies and two reciprocal insurance exchanges became licensed in Alberta during Insurance Companies AXA Life Insurance Inc. Groupama Transport HDIGerling Industrie Versucherung AG LS Mutual Life Insurance Company Sunderland Marine Insurance Company Reciprocal Insurance Exchanges Canadian Egg Industry Reciprocal Alliance Urban Schools Insurance Consortium (b) The following five insurance companies and two fraternal societies withdrew from Alberta during Insurance Companies Aviva International Insurance Limited British Aviation Insurance Company Endurance Reinsurance Corporation of America Lumbermen s Mutual Casualty Company Standard Life Assurance Company (2006) Fraternal Society Ukrainian Mutual Benefit Association of Saint Nicholas of Canada Women s Life Insurance Society (c) The following insurance companies changed their name during Former Name Chrysler Insurance Company Energy Insurance Reciprocal York Fire and Casualty Insurance Company Current Name CorePointe Insurance Company Energy Insurance Group Unica Insurance Inc. (d) The following insurance companies amalgamated during Nil 2

7 INSURER STATISTICS The number of insurers that reported premiums written in Alberta during 2011 is shown below by class of insurance: Property Liability Automobile Accident and Sickness Life Boiler and Machinery Fidelity Surety Marine Aircraft Legal Credit Title Hail Mortgage Alberta incorporated insurers reported total direct written premiums of $722.2 million in The breakdown between property and casualty insurance and life insurance is shown below. 23% 77% Property Casualty Life 3

8 PREMIUM STATISTICS Insurance is an $11.3 billion business in Alberta. In 2011, of the total premium dollars paid, 63 per cent went to property and casualty insurers and the remaining 37 per cent went to the life insurance industry: 37% 63% Property and Casualty Insurers Life Insurers Property and casualty insurers received $7.1 billion in premiums in The breakdown of premiums for the three largest classes, and total of all other classes of business are shown: 11% 33% 8% 48% Automobile Property Liability Other Life insurers recevied $4.2 billion in premiums in The breakdown of premiums was split between life and accident and sickness insurance as shown below: 53% 47% Accident and Sickness Life 4

9 PROVINCIAL INSURER FINANCIAL RESULTS Alberta is the lead regulator for nine provincially incorporated insurers, including seven property and casualty insurers and two life insurers. Selected results from 2011 for these companies are shown in the table below: (in thousands of dollars) Property and Casualty Insurers Alberta Motor Association Insurance Company Assets Capital Direct Premiums Written Net Income Minimum Capital Test 525, , ,701 7, % Canadian Farm Insurance Corp. 10,227 5,147 9, ,845% Fortress Insurance Company 11,078 6, % Mennonite Mutual Insurance Company 11,256 5,515 6,153 (121) 575% Millennium Insurance Corporation 292, ,144 92,945 21, % Peace Hills General Insurance Company 306,969 73, ,435 2, % Trans Global Insurance Company 9,361 5,633 16, % Total Property and Casualty Insurers 1,166, , ,969 34,780 (in thousands of dollars) Assets Capital Direct Premiums Written Net Income Minimum Continuing Capital and Surplus Requirements Life Insurers First Canadian Insurance Corporation 376, , ,441 19, % Trans Global Life Insurance Company 8,422 6,597 15,767 1, % Total Life Insurers 384, , ,208 20,814 Total Alberta Incorporated Insurers 1,551, , ,177 55,594 5

10 PROVINCIAL INSURER FINANCIAL RESULTS Alberta is the lead regulator for fourteen provincial reciprocal insurance exchanges; thirteen are active and one 1 is in run off. Selected results from 2011 are shown in the table below: (in thousands of dollars) Reciprocal Insurance Exchanges Assets Capital Direct Premiums Written Net Income Alberta Municipal Insurance Exchange 38,617 10,547 12,887 (1,721) Alberta Roofing Contractors Reciprocal Insurance Exchange 1,636 1, Alberta School Boards Insurance Exchange 7,308 1,757 1,843 (338) Canadian Airports Reciprocal Insurance Exchange 4,759 3,030 2, Canadian Egg Industry Reciprocal Alliance 7,954 5,049 1, Canadian Lawyers Insurance Association 95,108 28,170 11,856 1,900 Energy Insurance Reciprocal 16,840 3,100 13,423 1,045 FedGas Insurance Reciprocal Exchange 1, (48) Genesis Reciprocal Insurance Exchange 29,501 6,687 4,182 1,698 Jubilee Reciprocal Insurance Exchange 13,163 4,722 4,498 (2,010) Provincial Health Authorities of Alberta Liability and Property Insurance Plan 101,267 (6,213) 14,186 (19,018) Real Estate Insurance Exchange 13,675 5,073 2,629 (1,132) Urban Schools Insurance Consortium 15,581 4,952 4, Total Reciprocal Insurance Exchanges 347,065 68,681 74,492 (19,196) 1 Alberta Local Authorities Reciprocal Insurance Exchange is in runoff 6

11 ENFORCEMENT ACTIVITIES In 2011 the Superintendent of Insurance issued eight 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 $461,000 from the following insurance companies. Administrative Penalty issued to; Violation and section of the Insurance Act Canadian Direct Insurance Incorporated Refused to issue, renew or cancel private passenger automobile insurance policies Section of the Insurance Act Millennium Insurance Corporation Charging private passenger automobile insurance premiums in excess of approved rates section 659 of the Insurance Act. Security National Insurance Company Charging private passenger automobile insurance premiums in excess of approved rates section 659 of the Insurance Act. Primmum Insurance Company Charging private passenger automobile insurance premiums in excess of approved rates section 659 of the Insurance Act. TD Home and Auto Insurance Company Charging private passenger automobile insurance premiums in excess of approved rates section 659 of the Insurance Act. Royal & Sun Alliance Insurance Company of Canada Refused to issue, renew or cancel private passenger automobile insurance policies Section of the Insurance Act. Alberta Motor Association Insurance Company Entering into a prohibited related party transaction in contravention of section 437 of the Insurance Act. Cumis Life Insurance Company Compensating an unauthorized insurance agent Section 452(5) of the Insurance Act. Total Date Amount $250,000 12/08/11 $25,000 09/30/11 $10,000 09/15/11 $10,000 09/15/11 $10,000 09/15/11 $130,000 05/11/11 $25,000 03/29/11 $1,000 01/27/11 7

12 CERTIFIED EXAMINATIONS AND APPEAL BOARDS Certified Examiner Selection The Superintendent of Insurance appoints a certified examiner in the event of a disagreement between the claimant and the insurance company as to whether an injury arising from a motor vehicle accident is or is not a minor injury. The process is further described in the Minor Injury Regulation and the Insurance Act. The appointment of certified examiners began in 2005 as a result of the automobile insurance reforms in The number of certified examination applications processed by the Superintendent of Insurance office each year since 2005 is illustrated below. Appeal Boards During 2011, four appeal board panels were established by the Superintendent of Insurance. The decisions were as follows: Number of Appeals Decision 1 Altered 1 Abandoned 1 Dismissed 1 Pending The appeal panel decisions were released by the Alberta Insurance Council and are available on their website: 8

13 UNLICENSED INSURANCE Special Brokers The Superintendent of Insurance licenses special brokers. Special brokers are individuals who are permitted to negotiate insurance with unlicensed insurers in respect of any person or property in Alberta that is unavailable in the current regulated insurance market. In 2011 Alberta licensed 51 special brokers. Special brokers are required to pay taxes on premiums that would be payable if the premiums had been received by a licensed insurer. In 2011, special brokers reported and paid $8 million in taxes on $266.6 million in premiums. The tax collected for the period is shown below. Unlicensed Insurance The Superintendent of Insurance also collects a charge from individuals and companies who choose to purchase their insurance from an unlicensed insurer without utilizing a special broker. The charge for unlicensed insurance is 50 per cent of the premium paid. Alberta collected $1.9 million in charges on unlicensed insurance in comparison of the amounts collected from is shown below. A Note: the 2010 charge includes a $9.1 million disclosure related to a prior period. 9

14 COMPARATIVE SUMMARY OF PREMIUMS AND CLAIMS COMPARATIVE SUMMARY OF TOTAL DIRECT PREMIUMS WRITTEN AND CLAIMS BY CLASS OF INSURANCE IN ALBERTA Premiums ($000) Including Adjustment Expenses ($000) Ratio (%) Class Accident & Sickness 2,123,400 1,173, Aircraft 41,447 9, Automobile 3,382,427 2,263, Boiler & Machinery 100,522 51, Credit 6,499 1, Fidelity 11,063 2, Hail 24,896 12, Legal Expense Liability 808, , Marine 16,836 3, (30.6) Mortgage 154, , Property 2,298,092 2,178, Surety 75,962 32, Title 18,460 3,

15 COMPARATIVE SUMMARY OF PREMIUMS AND CLAIMS COMPARATIVE SUMMARY OF TOTAL DIRECT PREMIUMS WRITTEN AND CLAIMS INCLUDING DIVIDENDS IN ALBERTA Year Premiums ($'000) LIFE INSURANCE * All and Other Disbursements ($'000) Direct Ratio Premiums ($'000) OTHER THAN LIFE Including Adjustment Expenses ($'000) Direct Ratio ,630,364 1,421, ,152,045 3,229, ,644,212 1,322, ,887,821 3,217, ,715,900 1,328, ,598,330 3,595, ,857,306 1,475, ,875,568 3,444, ,960,712 1,512, ,186,206 4,584, ,947,587 1,568, ,918,386 3,420, ,117,698 1,557, ,506,155 4,271, ,324,825 1,555, ,035,095 4,927, ,574,897 1,628, ,175,568 4,660, ,608,230 1,663, ,496,755 4,993, ,611,396 1,677, ,062,907 6,555, * Includes individual and group insurance and individual and group annuities 11

16 COMPARATIVE ANALYSIS OF LIFE INSURANCE IN FORCE COMPARATIVE ANALYSIS OF LIFE INSURANCE IN FORCE ALBERTA BUSINESS ONLY 2011 INDIVIDUAL GROUP Year** Amount of Insurance in Force ($ 000) Amount of Premiums Collected ($ 000) Average Annual Premium Per $1,000 Insurance in Force Amount of Insurance in Force ($ 000) Amount of Premiums Collected ($ 000) Average Annual Premium Per $1,000 Insurance in Force ,254, , ,036, , ,518, , ,762, , ,987, , ,616, , ,375, , ,179, , ,293,107 1,011, ,405, , ,761,064 1,085, ,884, , ,096,739 1,184, ,299, , ,217,446 1,251, ,695, , * 226,862,561 1,313, ,484, , ,833,324 1,382, ,535, , ,003,318 1,486, ,904, , * Adjusted **Data for the period excludes Fraternal Societies. Beginning in 2011 data includes Fraternal Societies. Note: The figures above do not include annuities 12

17 INSURANCE COMPANIES LICENSED IN ALBERTA Insurance Company Name and Mailing Address Classes of Insurance ACE INA Insurance Suite 1400, 25 York Street, M5J 2V5 ACE INA Life Insurance Suite 1400, 25 York Street, M5J 2V5 Fidelity, General Liability, Hail, Marine, Property, Surety, 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 by laws M4W 2K2 Aetna Life Insurance Company 1145 Nicholson Rd. Unit 2 New Market, ON L3Y 9C3 Affiliated F.M. Insurance Company Suite 500, 165 Commerce Valley Drive West Thornhill, ON L3T 7V8 Boiler & Machinery, Fidelity, General Liability, Marine, Property, Surety Alberta Local Authorities' Reciprocal Insurance Exchange Discontinuing To allow its existing contracts to run to maturity, to 2510 Sparrow Drive collect premiums and pay claims but not to undertake or renew Nisku, AB contracts of insurance in the Province of Alberta T9E 8N5 Alberta Motor Association Insurance Company Accident and Sickness, Automobile, Boiler & Machinery, General Street, Kingsway Centre Liability, Property Edmonton, AB T5G 2T6 Alberta Municipal Insurance Exchange Automobile, limited to physical damage coverage to policyholder #300, Avenue vehicles, Liability, Property Edmonton, AB T6E 6E6 Alberta Roofing Contractors Reciprocal Insurance Exchange 2380 Pegasus Road NE Calgary, AB T2E 8G8 Alberta School Boards Insurance Exchange Street, Edmonton, AB T6A 3B2 Allianz Global Risk US Insurance Company Suite 1600, 130 Adelaide Street, West, M5H 3P5 Liability Fidelity, Liability, Property Liability, Marine, Property Allianz Life Insurance Company of North America Suite 700, 2005 Sheppard Avenue East Willowdale, ON M2J 5B4 13

18 INSURANCE COMPANIES LICENSED IN ALBERTA Allstate Insurance Company Aircraft, Automobile, Boiler & Machinery, Fidelity, General Liability 27 Allstate Parkway Suite 100 Property, Surety Markham, ON L3R 5P8 Allstate Insurance Company of Canada Automobile, Boiler & Machinery, Fidelity, General Liability, Legal 27 Allstate Parkway, Suite 100 Expense, Property, Surety Markham, ON L3R 5P8 American Bankers Insurance Company of Florida Accident and Sickness, Automobile, Credit, Fidelity, General 5160 Yonge Street, Northeast Tower, Suite 500 Liability, Property North York, ON M2N 7C7 American Bankers Life Assurance Company of Florida 5160 Yonge Street, Northeast Tower, Suite 500 North York, ON M2N 7C7 American Health and Life Insurance Company 355 Wellington Street, LONDON, ON N6A 3N7 American Income Life Insurance Company c/o McLean & Kerr Suite 2800, 130 Adelaide Street, West M5H 3P5 American Road Insurance Company Unit 2, 1145 Nicholson Road Newmarket, ON L3Y 9C3 AMEX Assurance Company 36 King Street East, Suite 500 M5C 1E5 Life Automobile, Boiler & Machinery, Credit, Property, Surety Accident and Sickness Arch Insurance Company 95 Wellington Street, 20th Floor, Suite 2000 Fidelity, Hail, Legal Expense, Liability, Marine, Property, Surety M5J 2N7 Ascentus Insurance Ltd. Accident and Sickness, Automobile, Legal Expense, Liability, 10 Wellington Street, East Marine, Property, Surety M5E 1L5 Aspen Insurance U.K. Limited 40 King Street, West, Suite 2100 Fidelity, Hail, Liability, Marine, Property, Surety M5H 3C2 14

19 INSURANCE COMPANIES LICENSED IN ALBERTA Asset Protection Insurance Exchange 1221, 8th Street, East Saskatoon, SK S7H 0S5 Associated Electric & Gas Insurance Services Limited 40 King Street, West, Suite 2100 M5H 3C2 Assumption Mutual Life Insurance Company 770 Main Street, P.O. Box 160 Moncton, NB E1C 8L1 Assurant Life of Canada 5160 Yonge Street, Suite 500 M2N 7C7 Atradius Credit Insurance N.V 7 Mill Street, East Annex Suite 1000 Almonte, ON K0A 1A0 Boiler & Machinery, Property Aircraft, Automobile, Boiler & Machinery, Liability, Property Life Credit Aviva Insurance Company of Canada 2206 Eglinton Avenue East Credit, Fidelity, General Liability, Guarantee, Hail, Legal Expense, Liability, Livestock, Marine, Property, Surety, Weather Scarborough, ON M1L 4S8 Aviva International Insurance Limited 1400 Blair Place Suite 500 Ottawa, ON K1J 9B8 AXA Assurances Inc University Street, 7th Floor Montreal, QC H3A 2A5 AXA Equitable Life Insurance Company Suite 606 P.O. Box 14, 55 Town Centre Court Scarborough, ON M5G 0A1 Aircraft, Liability, Marine, Property AXA General Insurance Discontinuing To allow its existing contracts to run to maturity, to 5700 Yonge Street, Suite 1400 collect premiums and pay claims but not to undertake or renew contracts of insurance in the Province of Alberta M2M 4K2 AXA Insurance (Canada) 5700 Yonge Street, Suite 1400 Fidelity, General Liability, Legal Expense, Marine, Property, Surety, Loss of Employment M2M 4K2 AXA Pacific Insurance Company 999 West Hasting Street, Credit, Fidelity, General Liability, Hail, Legal Expense, Liability, Marine, Property, Surety Vancouver, BC V6C 2W2 15

20 INSURANCE COMPANIES LICENSED IN ALBERTA AXIS Reinsurance Company (Canadian Branch) HSBC Building 70 York Street, Suite 1010 M5J 1S9 Credit, Fidelity, Hail, Legal Expense, Liability, Property, Surety Belair Insurance Company Inc. Accident and Sickness, Automobile, Boiler & Machinery, Fidelity, 7101 Jean Talon Suite 300 Legal Expense, Liability, Marine, Property, Surety Montreal, QC H1M 3T6 Berkley Insurance Company Accident and Sickness, Aircraft, Fidelity, Liability, Marine, Property, 3650 Victoria Park Avenue, Suite 201 Surety M2H 3P7 Blue Cross Life Insurance Company of Canada 644 Main Street, P.O. Box 220 Moncton, NB E1C 8L3 BMO Life Assurance Company 60 Yonge Street, M5E 1H5 BMO Life Insurance Company 60 Yonge Street M5X 1H3 Boiler Inspection and Insurance Company of Canada 250 Yonge Street, 30th Floor M5B 2L7 British Aviation Insurance Company Limited (The) 100 Renfrew Drive Suite 200 Markham, ON L3R 9R6 Canadian Egg Industry Reciprocal Alliance (CEIRA) #900, A Avenue Edmonton, AB T5J 0Y2 Canada Guaranty Mortgage Insurance Company 123 Front St. West, Suite 909 M5J 2M2 Canada Life Assurance Company (The) 330 University Avenue M5G 1R8 Canada Life Insurance Company of Canada 330 University Avenue M5G 1R8, Loss of Employment, Loss of Employment Boiler & Machinery, General Liability, Property Aircraft, General Liability, Inland Transportation Property Mortgage, Loss of Employment, Loss of Employment 16

21 INSURANCE COMPANIES LICENSED IN ALBERTA Canadian Airports Reciprocal Insurance Exchange (CARIE) PO Box 9860 Edmonton International Airport Edmonton, AB T5J 2T2 Canadian Applicators Insurance Reciprocal 1002 Warsaw Avenue Winnipeg, MB R3M 1E4 Canadian Direct Insurance Incorporated Suite 600,750 Cambie Street, Vancouver, BC V6B 0A2 Boiler & Machinery, Liability, Property Aircraft, Liability, Property Accident and Sickness, Automobile, Liability, Property Canadian Farm Insurance Corp. Accident, Automobile, restricted to automobile glass, Boiler & 303, St Alberta Trail Machinery, Fidelity, Liability, Property, Surety Edmonton, AB T5L 4W1 Canadian Lawyers Insurance Association 600, th Avenue SW Calgary, AB T2R 1P3 Liability Canadian Northern Shield Insurance Company Accident and Sickness, Automobile, Boiler & Machinery, Fidelity, West Hastings Street, Liability, Property, Surety Vancouver, BC V6B 4N6 Canadian Premier Life Insurance Company 80 Tiverton Court Markham, ON L3R 0G4 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 B 9 Montreal, QC H3A 3S3 Centennial Insurance Company Suite 500, 36 King Street, East M5C 1E5 Certas Direct Insurance Company 6300 boulevard de la Rive Sud Levis, QC G6V 6P9, Loss of Employment Aircraft Liability, Property Accident and Sickness, Liability, 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 Automobile, Liability, Marine, Property, Surety 17

22 INSURANCE COMPANIES LICENSED IN ALBERTA Chartis Insurance Company of Canada 145 Wellington Street, West 4th Floor Credit, Fidelity, General Liability, Hail, Marine, Property, Surety M5J 1H8 Chicago Title Insurance Company 55 Superior Boulevard Mississauga, ON L5T 2X9 Chrysler Insurance Company 2425 Matheson Blvd East Suite 300 East Tower Mississauga, ON L4W 5N7 Chubb Insurance Company of Canada Dundee Place 24th Floor, 1 Adelaide Street, East M5C 2V9 CIBC Life Insurance Company Limited P.O Box 3020 Mississauga, ON L5A 4M2 CIGNA Life Insurance Company of Canada Suite 606 P.O. Box 14, 55 Town Centre Court Scarborough, ON M1P 4X4 Co operators General Insurance Company Priory Square Guelph, ON N1H 6P8 Co operators Life Insurance Company 1920 College Avenue Regina, SK S4P 1C4 Combined Insurance Company of America P.O. Box 3720 Markham, ON L3R 0X5 Title Automobile, General Liability, Property, Surety Accident and Sickness, Automobile, Boiler & Machinery, Credit, Fidelity, General Liability, Marine, Property, Surety Fidelity, General Liability, Hail, Legal Expense, Marine, Property, Surety Commonwealth Insurance Company Aircraft, Automobile, Boiler & Machinery, Fidelity, General Liability, 1500, 595 Burrard Street, 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 251 Consumers Road Suite 910 M2J 1R3 General Liability Credit 18

23 INSURANCE COMPANIES LICENSED IN ALBERTA CompCorp Life Insurance Company to the extent authorized by its 250 Yonge Street, Suite 3110, PO Box 23 incorporating instrument. M5B 2L7 Connecticut General Life Insurance Company Suite 606, P.O. Box 14, 55 Town Centre Court Scarborough, ON M1P 4X4 Continental Casualty Company 250 Yonge Street, Suite 1500 Credit, Fidelity, General Liability, Hail, Marine, Property, Surety M5B 2L7 Coseco Insurance Company Priory Square Guelph, ON N1H 6P8 Croatian Fraternal Union of America Suite 1400, BCE Place 181 Bay Street, M5J 2V1 Crown Life Insurance Company 1900 Scarth Street, Regina, SK S4P 4L4 CT Financial Assurance Company Richmond Adelaide Centre 120 Adelaide Street, West, 2nd Floor M5G 0A1 Accident and Sickness, Automobile, General Liability, Property Life, Accident and Sickness To the extent authorized by its Articles of Incorporation, Constitution and by laws Life Cumis General Insurance Company Accident and Sickness, Automobile, Boiler & Machinery, Fidelity, 151 North Service Road, P.O. Box 5065 General Liability, Property, Surety Burlington, ON L7R 4C2 Cumis Life Insurance Company 151 North Service Road P.O. Box 5065 Burlington, ON L7R 4C2, Loss of Employment CUNA Mutual Insurance Society Discontinuing To allow its existing contracts to run to maturity, to 151 North Service Road, P.O. Box 5065 collect premiums and pay claims but not to undertake or renew Burlington, ON contracts of insurance in the Province of Alberta L7R 4C2 Darwin National Assurance Company c/o 1200 Scotia Plaza 40 King Street West M5H 3C2 DAS Legal Protection Insurance Company Limited 390 Bay Street Suite 1610 M5H 2Y2 Accident and Sickness, Boiler & Machinery, Credit, Fidelity, Hail Legal Expense, Liability, Marine, Property, Loss of Employment 19

24 INSURANCE COMPANIES LICENSED IN ALBERTA Desjardins Financial Security Life Assurance Company 200 Rue des Commandeurs Levis, QC G6V 6R2 Dominion of Canada General Insurance Company (The) Aircraft, Automobile, Boiler & Machinery, Fidelity, General Liability, 165 University Avenue Property, Surety M5H 3B9 Eagle Star Insurance Company Limited Suite 500, 36 King Street, East M5C 1E5 Ecclesiastical Insurance Office Public Limited Company Suite 2200, Box 2004, 20 Eglinton Avenue West M4R 1K8 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 Automobile, Boiler & Machinery, Fidelity, General Liability, Marine, Property Echelon General Insurance Company Accident and Sickness, Automobile, Legal Expense, Liability, 2680 Matheson Blvd. East Suite 300 Property, Surety, Loss of Employment Mississauga, ON L4W 0A5 Economical Mutual Insurance Company Automobile, Boiler & Machinery, Fidelity, General Liability, Marine, 111 Westmount Road South Property, Surety Waterloo, ON N2J 4S4 Electric Insurance Company 40 King Street, West, Suite 2100 M5H 3C2 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 Employers' Liability, Fidelity, General Liability, Hail, Marine, Property Surety Employers Insurance Company of Wausau Aircraft, Automobile, Boiler & Machinery, Fidelity, General Liability, 181 Bay Street, Suite 1000 Marine, Property, Surety M5J 2T3 Endurance Reinsurance Corporation of America Discontinuing To allow its existing contracts to run to maturity, to 36 King Street, East Suite 500 collect premiums and pay claims but not to undertake or renew contracts of insurance in the Province of Alberta M5C 1E5 Energy Insurance Reciprocal (EIR) Suite 500, 717 7th Avenue SW Calgary, AB T2P 0Z3 Automobile, General Liability, Property 20

25 INSURANCE COMPANIES LICENSED IN ALBERTA Equitable General Insurance Company (The) Discontinuing To allow its existing contracts to run to maturity, to 2475 Laurier Boulevard collect premiums and pay claims but not to undertake or renew Sillery, QC contracts of insurance in the Province of Alberta G1T 1C4 Equitable Life Insurance Company of Canada (The) One Westmount Road North Waterloo, ON N2J 4C7 Euler Hermes American Credit Indemnity Company CIBC Tower, Suite 1702, 1155 Rene Levesque Blvd. West Montreal, QC H3B 3Z7 Credit Everest Insurance Company of Canada Aircraft, Automobile, Boiler & Machinery, Credit, Fidelity, Hail, 130 King Street, West, Suite 2520, P.O. Box 431 Liability, Property, Surety M5X 1E3 Factory Mutual Insurance Company Suite 500, 165 Commerce Valley Drive West Thornhill, ON L3T 7V8 Boiler & Machinery, Fidelity, General Liability, Marine, Property, Surety FaithLife Financial Life, Accident and Sickness To the extent authorized by its 470 Weber Street, North Articles of Incorporation, Constitution and by laws Waterloo, ON N2J 4G4 FCT Insurance Company Ltd Sheridan Garden Drive Oakville, ON L6J 7Y5 Federal Insurance Company Dundee Place One Adelaide Street, East M5C 2V9 Federated Insurance Company of Canada P.O. Box 5800, 717 Portage Avenue Winnipeg, MB R3C 3C9 Legal Expense, Liability, Property, Title 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, Legal 5 Place Ville Marie Suite 1400 Expense, Marine, Property, Surety Montreal, QC H3B 0A8 FedGas Insurance Reciprocal Exchange Automobile Physical Damage, Boiler & Machinery, Fidelity, General #900, A Avenue Liability, Property Edmonton, AB T5J 0Y2 Fenchurch General Insurance Company Promotory 2, 2655 North Sheridan Way Unit 115 MISSISSAUGA, ON L5K 2P8 Accident and Sickness, Automobile, Boiler & Machinery, Fidelity, Liability, Property, Surety, Vehicle Warranty 21

26 INSURANCE COMPANIES LICENSED IN ALBERTA Fidelity National Title Insurance Company Maclean & Kerr LLP Adelaide Street, West M5H 3P5 First American Title Insurance Company 2235 Sheridan Garden Drive Oakville, ON L6J 7Y5 First Canadian Insurance Corporation Avenue Edmonton, AB T6E 2B1 Title Title First North American Insurance Company Accident and Sickness, Automobile, Boiler & Machinery, Property, 2 Queen Street, East, Loss of Employment M2M 4G4 Fortress Insurance Company Street, Edmonton, AB T6E 5Z6 Automobile GCAN Insurance Company Aircraft, Automobile, Boiler & Machinery, Credit, Employers' 181 University Avenue, Suite 1000 Liability, Explosion, Fire, Guarantee, Hail, Inland Marine, Inland Transportation, Livestock, Marine, Plate Glass, Property, M5H 3M7 Property Damage, Public Liability, Sprinkler Leakage, Surety Weather, Workers' Compensation GAN Encourtage Accident and Sickness, Boiler & Machinery, Liability, Marine, 420 Rue Notre Dame Quest Inland Marine, Property, Public Liability. Suite 501 Montreal, QC H2Y 1V3 Genesis Reciprocal Insurance Exchange 900, A Avenue Edmonton, AB T5J 0Y2 Genworth Financial Mortgage Insurance Company Canada 2060 Winston Park Drive Suite 300 Oakville, ON L6H 5R7 Gerber Life Insurance Company 1145 Nicholson Road Unit # 2 New Market, ON L3Y 9C3 Liability, Property Mortgage Life Global Reinsurance Company 480 University Avenue, Suite 1400 Fidelity, Hail, Legal Expense, Liability, Mortgage, Property, Surety M5G 1V2 GMS Insurance Inc Albert Street, PO Box 1949 Regina, SK S4P 0E3 22 Accident and Sickness, Property, Theft, Weather

27 INSURANCE COMPANIES LICENSED IN ALBERTA Gore Mutual Insurance Company Accident and Sickness, Automobile, Boiler & Machinery, Fidelity, 252 Dundas Street, Liability, Property, Surety Cambridge, ON N1R 5T3 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 by laws 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 Great West Life Assurance Company (The) 100 Osborne Street, North Winnipeg, MB R3C 3A5 Green Shield Canada 5140 Yonge Street, Suite 2100 M2N 6L7 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 M2N 6K1 HDI Gerling 181 University Avenue, Suite 1900 M5H 3M7 Hartford Fire Insurance Company PO Box 112, 121 King Street, West, Suite 1810 M5H 3T9 Hartford Life Insurance Company 1145 Nicholson Road Unit 2 Newmarket, ON L3Y 9C3 Healthcare Insurance Reciprocal of Canada Suite 1600, 4711 Yonge Street, North York, ON M2N 6K8 Property, Boiler and Machinery, Liability and Marine Fidelity, Hail, Liability, Marine, Property, Surety Fidelity, Legal Expense, Liability, Property 23

28 INSURANCE COMPANIES LICENSED IN ALBERTA Household Life Insurance Company 3381 Steeles Avenue East, Suite 300 M2H 3S7 Independent Order of Foresters (The) 15th Floor, 789 Don Mills Road M3C 1T9 Industrial Alliance Insurance and Financial Services Inc Grande Allee Quest C.P. 1907, Succursale Terminus Quebec, QC G1K 7M3 Industrial Alliance Pacific General Insurance Corporation 2165 Broadway West PO Box 5900 Vancouver, BC V6B 5H6 Industrial Alliance Pacific Insurance and Financial Services Inc 2165 Broadway West Vancouver, BC V6K 4N5 Life, Accident and Sickness To the extent authorized by its Articles of Incorporation, Constitution and by laws Accident and Sickness, Boiler & Machinery, Property, Surety, Loss of Employment Intact Insurance Company 700 University Avenue, Suite 1500 Credit, Fidelity, Hail, Legal Expense, Liability, Marine, Property, Surety, Loss of Employment M5G 0A1 International Insurance Company of Hanover Ltd Victoria Park Avenue Suite 201 M2H 3P7 Jevco Insurance Company Suite Decarie Blvd Montreal, QC H3X 2H9 Jewelers Mutual Insurance Company 40 King Street, West, Suite 2100 M5H 3C2 Jubilee Reciprocal Insurance Exchange Suite 900, A Avenue Edmonton, AB T5J 0Y2 Accident and Sickness, Boiler & Machinery, Explosion, Fidelity Automobile, General Liability, Property, Surety Boiler & Machinery, Fidelity, Liability, Property Property Knights of Columbus Life, Accident and Sickness To the extent authorized by its 139 Front Street, Suite 100 PO Box 757 Articles of Incorporation, Constitution and by laws Belleville, ON K8N 5B5 LS Mutual Life Insurance Company 1555, Girouard Street West P.O. Box SaintHyacinthe, QC J2S 7C8 24

29 INSURANCE COMPANIES LICENSED IN ALBERTA L'Unique General Insurance Inc. Boiler & Machinery, Credit, Fidelity, Legal Expense, Liability, 925 Grande Allee Quest, Bureau 240 Property, Surety Quebec City, QC G1S 1C1 La Capitale General Insurance Inc. Boiler & Machinery, Fidelity, Legal Expense, Liability, Property, 625 St Amble Surety Quebec, QC G1R 2G5 La Capitale Insurance and Financial Services Inc. 625 rue St Amable, QC G1R 2G5 Lawyers' Professional Indemnity Company 250 Yonge Street, Suite 3101 M5B 2L7 Legacy General Insurance Company 80 Tiverton Court Markham, ON L3R OG4 Liberty Life Assurance Company of Boston 181 Bay Street, Suite 1000 M5J 2T3 Liability, Title Accident and Sickness, Property, Loss of Employment Liberty Mutual Insurance Company 181 Bay Street, Suite 1000 Fidelity, General Liability, Marine, Property, Surety M5J 2T3 Life Insurance Company of North America Suite 606, P.O. Box 14, 55 Town Centre Court Scarborough, ON M1P 4X4 Lloyd's Underwriters Suite 2220, 1155 rue Metcalfe Property, Surety Montreal, QC H3B 2V6 Credit, Fidelity, General Liability, Hail, Legal Expense, Marine, Lombard General Insurance Company of Canada 105 Adelaide Street, West Credit, Fidelity, Hail, Liability, Marine, Property, Surety M5H 1P9 Lombard Insurance Company 105 Adelaide Street, West Credit, Fidelity, Hail, Liability, Marine, Property, Surety M5H 1P9 London Life Insurance Company 255 Dufferin Avenue London, ON N6A 4K1 25

30 INSURANCE COMPANIES LICENSED IN ALBERTA Lumbermen's Underwriting Alliance Suite # 300, 455 Fenelon Boulevard Dorval, QC H9S 5T8 Lumbermens Mutual Casualty Company Suite 500, 36 King Street, East M5C 1E5 Manufacturers Life Insurance Company (The) 200 Bloor Street, East M4W 1E5 Manulife Canada Ltd. 500 King Street, North Waterloo, ON N2J 4C6 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 Markel Insurance Company of Canada Aircraft, Automobile, Boiler & Machinery, Fidelity, General Liability, 55 University Avenue 15th Floor Hail, Marine, Property, Surety M5J 2H7 Massachusetts Mutual Life Insurance Company Suite King Street, W M5H 3C2 MAX Canada Insurance Company 140 Foundry Street, Baden, ON N3A 2P7 MD Life Insurance Company 1870 Alta Vista Drive Ottawa, ON K1G 6R7 Mennonite Mutual Insurance Co. (Alberta) Ltd. #300, nd Street, NE Calgary, AB T1Y 6J7 Metropolitan Life Insurance Company Suite 1750, 360 Albert Street, Ottawa, ON K1R 7X7 Boiler & Machinery, Fidelity, Liability, Marine, Property Life Automobile, Fidelity, General Liability, Property Millennium Insurance Corporation Automobile, Guarantee insurance limited to liability under warranties Avenue issued on automobile protection products, Liability, Property, Edmonton, AB T6E 2B1 Vehicle Warranty, Loss of Employment Minnesota Life Insurance Company Suite 2800, 130 Adelaide Street, West M5H 3P5 Life 26

31 INSURANCE COMPANIES LICENSED IN ALBERTA Missisquoi Insurance Company (The) 5 Place Villemarie, Suite 1400 Montreal, QC H3B 0A8 Automobile, Property Mitsui Sumitomo Insurance Company, Limited 1 Adelaide Street, East, Dundee Place, 24th Floor Fidelity, General Liability, Liability, Marine, Property, Surety M5C 2V9 Mortgage Insurance Company of Canada (The) Suite 400, 100 Yonge Street M5H 1H1 Machinery, Fidelity, General Liability, Suite 400, 8500 Leslie Street, P.O. Box 6000 Thornhill, ON L4B 4S2 Fidelity, Mortgage, Surety Motors Insurance Corporation Property, Surety Automobile, Boiler & Munich Reinsurance America Inc. Munich Re Centre 390 Bay Street, 22nd Floor M5H 2Y2 National Bank Life Insurance Company 600 de La Gauchetiere West, 4th Floor Montreal, QC H3B 4L2 Credit, Fidelity, Hail, Liability, Marine, Property, Surety National Liability & Fire Insurance Company 3650 Victoria Park Avenue, Suite 201 Credit, Fidelity, Hail, Legal Expense, Liability, Marine, Property, Surety M2H 3P7 New York Life Insurance Company Suite 2100 Scotia Plaza, 40 King Street, West M5H 3C2 Nipponkoa Insurance Company, Limited Suite 200, PO Box 5, 20 Queen Street, West M5H 3R3 Aircraft, Automobile, Boiler & Machinery, Fidelity, General Liability, Inland Marine, Marine, Property, Surety Nordic Insurance Company of Canada (The) 700 University Avenue, Suite 1500 Credit, Employers' Liability, Fidelity, General Liability, Guarantee, Legal Expense, Marine, Property, Surety M5G 0A1 North Waterloo Farmers Mutual Insurance Company 100 Erb Street, East Waterloo, ON N2J 1L9 Automobile, Boiler & Machinery, Fidelity, Hail, Liability, Property Novex Insurance Company Accident and Sickness, Automobile, Boiler & Machinery, Credit, 700 University Avenue, Suite 1500 A Fidelity, General Liability, Legal Expense, Marine, Property, Surety M5G 0A1 27

32 INSURANCE COMPANIES LICENSED IN ALBERTA 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 Suite 500, 36 King Street, East M5C 1E5 Optimum West Insurance Company Suite 600, 4211 Kingsway Burnaby, BC V5H 1Z6 Credit, Fidelity, Hail, Legal Expense, Liability, Property, Surety, Loss of Employment 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 by laws Calgary, AB T2E 2P6 Pafco Insurance Company 27 Allstate Parkway, Suite 100 Markham, ON L3R 5P8 Palliser Insurance Company Limited 103, 3502 Taylor Street, East Saskatoon, SK S7H 5H9 PBC Health Benefits Society PO Box 7000 Vancouver, BC V6B 4E1 Peace Hills General Insurance Company 3rd Floor, Jasper Avenue Edmonton, AB T5J 3N3 Pembridge Insurance Company 27 Allstate Parkway Allstate Center Suite 100 Markham, ON L3R 5P8 Penncorp Life Insurance Company 7150 Derrycrest Drive Mississauga, ON L5W 0E5 Perth Insurance Company 111 Westmount Road South P.O. Box 2000 Waterloo, ON M5G 0A1 Automobile, Property Hail Accident and Sickness Credit, Fidelity, General Liability, Marine, Mortgage, Property, Surety, Title Automobile, Property Automobile, General Liability, Property 28

33 INSURANCE COMPANIES LICENSED IN ALBERTA Pilot Insurance Company 2206 Eglinton Avenue East Scarborough, ON M1L 4S8 PMI Mortgage Insurance Company Canada 5300 Commerce Court West, 199 Bat Street, M5L 1B9 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 Poultry Insurance Exchange Reciprocal of Canada 806, 3000 Creekside Drive Dundas, ON L9H 7S8 Primerica Life Insurance Company of Canada 2000 Argentia Road Mississauga, ON L5N 2R7 Fidelity, Surety Mortgage Property Automobile, Legal Expense, Liability, Property Property Primmum Insurance Company Automobile, Boiler & Machinery, General Liability, Legal Expense, 2161 Yonge Street, 4th Floor Property M4S 3A6 Principal Life Insurance Company c/o John Milnes & Associates 1300 Bay Street, 4th Floor M5H 3K8 Protective Insurance Company c/o John Milnes & Associates 4th floor 1300 Bay Street, M5R 3K8 Provincial Health Authorities of Alberta Liability and Property Insurance Plan 900, Street, Edmonton, AB T5J 3S7 Rain and Hail Insurance Corporation Suite 200, 4303 Albert Street, Regina, SK S4S 3R6 Accident and Sickness, Automobile, Liability, Property Liability, Property Hail 29

34 INSURANCE COMPANIES LICENSED IN ALBERTA RBC General Insurance Company 6880 Financial Drive, West Tower Mississauga, ON L5N 7Y5 RBC Insurance Company of Canada 6880 Financial Drive West Tower Mississauga, ON L5N 7Y5 RBC Life Insurance Company 6880 Financial Drive West Tower Mississauga, ON L5N 7Y5 Real Estate Insurance Exchange 205, 4954 Richard Road SW Calgary, AB T3E 6L1 Accident and Sickness, Automobile, Liability, Property Accident and Sickness, Automobile, Liability, Property Liability Reassure America Life Insurance Company Discontinuing To allow its existing contracts to run to maturity, to 150 King Street, West, Suite 1000 collect premiums and pay claims but not to undertake or renew contracts of insurance in the Province of Alberta M5H 1J9 Reliable Life Insurance Company 100 King Street, West Box 557 Hamilton, ON L8N 3K9 Royal & Sun Alliance Insurance Company of Canada 10 Wellington Street, East Fidelity, General Liability, Hail, Legal Expense, Marine, Property, Surety M5E 1L5 SSQ Life Insurance Company Inc Boulevard Laurier Quebec, QC G1V 4H6 Safety National Casualty Corporation 40 King Street, West, Suite 2100 M5H 3C2 Saskatchewan Mutual Insurance Company 279 3rd Avenue North Saskatoon, SK S7K 2H8 Scotia General Insurance Company 100 Yonge Street, Suite 400 M5H 1H1 Scotia Life Insurance Company c/o Scotia Insurance 100 Yonge Street, 4th Floor M5H 1H1 30, Loss of Employment Liability, Property Automobile, Boiler & Machinery, Fidelity, Liability, Property Accident and Sickness, Legal Expense

35 INSURANCE COMPANIES LICENSED IN ALBERTA Scottish & York Insurance Co. Limited Automobile, Boiler & Machinery, Fidelity, General Liability, Legal 2206 Eglinton Avenue East Expense, Property, Surety Scarborough, ON M1L 4S8 Security Insurance Company of Hartford Unit 2, 1145 Nicholson Road Newmarket, ON L3Y 9C3 Security National Insurance Company 50 Place Cremazie, 12th Floor Montreal, QC H2P 1B6 Sentry Insurance A Mutual Company Suite 2100 Scotia Tower 40 King Street, West M5H 3C2 SGI CANADA Insurance Services Ltd th Avenue Regina, SK S4P 0J9 Sompo Japan Insurance Inc. Suite 1400, 25 York Street, M5J 2V5 Sons of Scotland Benevolent Association Suite Eglinton, Avenue East M4P 3A2 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 Accident and Sickness, Automobile, General Liability, Property Aircraft, Automobile, Boiler & Machinery, Fidelity, General Liability, Property, Surety Automobile, Boiler & Machinery, Fidelity, Liability, Property, Surety Automobile, Boiler & Machinery, Fidelity, Liability, Marine, Property, Surety Disability, Life To the extent authorized by its Articles of Incorporation, Constitution and by laws Sovereign General Insurance Company (The) 140 Sovereign Centre, 6700 Macleod Trail SE Credit, Fidelity, General Liability, Marine, Property, Surety Calgary, AB T2H 0L3 SSQ Life Insurance Company Inc Boulevard Laurier Quebec, QC G1V 4H6 St. Paul Fire and Marine Insurance Company Suite 200, PO Box 5 20 Queen Street, West M5H 3R3 Standard Life Assurance Company 2006 (The) Room 206, 1245, Sherbrooke Street, West Montreal, QC H3G 1G3 Standard Life Assurance Company of Canada (The) Room 206, 1245 Sherbrooke Street, West Montreal, QC H3G 1G3 Fidelity, General Liability, Marine, Property, Surety Life 31

36 INSURANCE COMPANIES LICENSED IN ALBERTA Standard Life Assurance Limited 1245 Sherbrooke Street, West, Suite 200 Montreal, QC H3G 1G3 Life State Farm Fire and Casualty Company (The) Aircraft, Automobile, Boiler & Machinery, Fidelity, General Liability, 333 First Commerce Drive Marine, Property, Surety Aurora, ON L4G 8A4 State Farm International Life Insurance Company Ltd. 333 First Commerce Drive Aurora, ON L4G 8A4 State Farm Mutual Automobile Insurance Company 333 First Commerce Drive Aurora, ON L4G 8A4 Stewart Title Guaranty Company Royal Bank Plaza, North Tower, 200 Bay Street, Suite 2200 M5J 2J2 Life Accident, Automobile Title Sunderland Marine Mutual Insurance Company Limited Accident and Sickness, Boiler & Machinery, Legal Expense, Liability, 701, 890 West Pender Street Life, Marine, Property Vancouver, BC V6C 1J9 Sun Life Assurance Company of Canada 150 King Street, 7th Floor M5H 1J9 Sun Life Insurance (Canada) Limited 150 King Street, West M5H 1J9 T.H.E. Insurance Company 200 University Avenue, 14th Floor M5H 3C5, Loss of Employment Automobile, Liability, Property TD General Insurance Company Aircraft, Automobile, Boiler & Machinery, Fidelity, Liability, 50 Place Cremazie, 12th Floor Property, Surety Montreal, QC H2P 1B6 TD Home and Auto Insurance Company 4th Floor 2161, Yonge Street, M4S 3A TD Life Insurance Company Richmond Adelaide Centre, 120 Adelaide Street, West, 2nd Floor M5H 1T1 Automobile, General Liability, Property 32

37 INSURANCE COMPANIES LICENSED IN ALBERTA Temple Insurance Company 22nd Floor 390 Bay Street, M5H 2Y2 The Excellence Life Insurance Company 1080 Grande Alle West, PO Box 1907, Station Terminus Quebec City, QC G1K 7M3 Credit, Fidelity, Hail, Liability, Property, Surety The Mutual Fire Insurance Company of British Columbia Automobile, restricted to non owned automobile, Boiler & #201, A Street, Machinery, Hail, Liability, Marine, Property Langley, BC V1M 4B3 The Personal Insurance Company Aircraft, Automobile, Boiler & Machinery, Fidelity, General Liability, 6300 boulevard de la Rive Sud Legal Expense, Property, Surety Levis, QC G6V 6P9 The Union Life Mutual Assurance Company 142 Heriot Drummondville, QC J2C 1J8 TIG Insurance Company P.O.Box 5800 Winnipeg, MB R3C 3C9, Loss of Employment Accident and Sickness, Automobile, Boiler & Machinery, Fidelity, Liability, Property, Surety Tokio Marine & Nichido Fire Insurance Co., Ltd. Aircraft, Automobile, Boiler & Machinery, Fidelity, General Liability, 105 Adelaide Street, West 3rd Floor Marine, Property, Surety M5H 1P9 Traders General Insurance Company 2206 Eglinton Avenue East Credit, Fidelity, General Liability, Hail, Legal Expense, Marine, Scarborough, ON Property, Surety M1L 4S8 Trafalgar Insurance Company of Canada Accident and Sickness, Automobile, Boiler & Machinery, General 700 University Avenue, Suite 1500 A Legal Liability, Legal Expense, Marine, Property M5G 0A1 Trans Global Insurance Company Suite 275, th Avenue Edmonton, AB T5M 3S2 Trans Global Life Insurance Company Suite 275, th Avenue Edmonton, AB T5M 3S2 Transamerica Life Canada 5000 Yonge Street, M2N 7J8 Accident and Sickness, Boiler & Machinery, General Liability, Inland Marine, Marine, Property, Loss of Employment 33

38 INSURANCE COMPANIES LICENSED IN ALBERTA Travelers Guarantee Company of Canada 20 Queen Street, West Suite 300 PO Box 6 Credit, Fidelity, General Liability, Hail, Legal Expense, Marine, Property, Surety, Title M5H 3R3 Trisura Guarantee Insurance Company Boiler & Machinery, Fidelity, Legal Expense, Liability, Property, 70 York Street Suite 1100 Surety M5J 1S9 Triton Insurance Company Accident and Sickness, Fidelity, Liability, Mortgage, Property, Loss 355 Wellington Street, of Employment London, ON N6A 3N7 Urban School Insurance Consortium Reciprocal (USIC) #900, A Avenue Edmonton, AB T5J 0Y2 Liability, property Ukrainian Fraternal Society of Canada Life, Accident and Sickness To the extent authorized by its 235 McGregor Street, Articles of Incorporation, Constitution and by laws Winnipeg, MB R2W 4W5 Ukrainian Mutual Benefit Association of Saint Nicholas of Canada Life To the extent authorized by its Articles of Incorporation, 804 Selkirk Avenue Constitution and by laws Winnipeg, MB R2W 2N6 Ukrainian National Association Inc. Suite 501, 90 Allstate Parkway Markham, ON L3R 6H3 Unifund Assurance Company 95 Elizabeth Avenue St. John's, NF A1B 1R7 Union of Canada Life Insurance 325 Dalhousie Street, PO Box 717, Stn. "B" Ottawa, ON K1P 5P8 United American Insurance Company 130 Adelaide Street, West Suite 2800 M5H 3P5 Unity Life of Canada 1660 Tech Avenue, Suite 3 Mississauga, ON L4W 5S8 Utica Mutual Insurance Company 1145 Nicholson Road Unit #2 Newmarket, ON L3Y 9C3 Life, Accident and Sickness To the extent authorized by its Articles of Incorporation, Constitution and by laws Accident and Sickness, Automobile, Liability, Property Automobile, Boiler & Machinery, Fidelity, Liability, Property 34

39 INSURANCE COMPANIES LICENSED IN ALBERTA Virginia Surety Company, Inc Victoria Park Avenue Suite 201 M2H 3P7 VSP Canada Vision Care Insurance 1865 Trans Canada Highway Dorval, QC H9P 1J1 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, Boiler & Machinery, Liability, Property Accident and Sickness Automobile, General Liability, Property Wawanesa Mutual Insurance Company (The) Accident and Sickness, Automobile, Boiler & Machinery, Fidelity, 191 Broadway Avenue Fire, General Liability, Marine, Property, Surety Winnipeg, MB R3C 3P1 Western Assurance Company Aircraft, Automobile, Boiler & Machinery, Fidelity, General Liability, 10 Wellington Street, East Hail, Marine, Property, Surety M5E 1L5 Western Financial Insurance Company 777 Portage Avenue Winnipeg, MB R3G 0N3 Western Life Assurance Company Street, SE High River, AB T1V 2A7 Western Surety Company Box 527, Scarth Regina, SK S4P 2G8 Liability, Property, Loss of Employment Fidelity, Surety Westport Insurance Corporation 150 King Street, West Suite 1000 Credit, Fidelity, General Liability, Hail, Inland Marine, Marine, Property, Surety M5H 1J9 Women's Life Insurance Society P.O. Box 234 Sarnia, ON N7T 7H9 Life To the extent authorized by its Articles of Incorporation, Constitution and by laws XL Insurance Company Limited 100 Yonge Street, Suite 1802 Liability, Marine, Property, Surety M5C 2W1 35

40 INSURANCE COMPANIES LICENSED IN ALBERTA XL Reinsurance America Inc. 100 Yonge Street, Suite 1702 Fidelity, Hail, Liability, Property, Surety limited to the business of reinsurance M5C 2W1 York Fire & Casualty Insurance Company 7150 Derrycrest Drive Mississauga, ON L5W 0E5 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 Ltd 400 University Avenue, 25th Floor Credit, Fidelity, General Liability, Marine, Property, Surety, Vehicle Warranty M5G 1S7 36

41 Abstract of The Returns of Companies Transacting LIFE INSURANCE DIRECT PREMIUMS WRITTEN in the Province of Alberta 2011 Name of Company Individual Group Total Individual Group Total $'000 Insurance Premiums Consideration for Annuities GrandTotal $'000 $'000 $'000 $'000 $'000 $'000 Actra Fraternal Benefit Society Aetna Life Insurance Company American Bankers Life Assurance Company of Florida 81 36,352 36,433 36,433 American Health and Life Insurance Company 1 2,068 2,069 2,069 American Income Life Insurance Company 12,641 12,641 12,641 Assumption Mutual Life Insurance Company ,227 Assurant Life of Canada 473 5,551 6, ,741 7,116 13,140 AXA Equitable Life Insurance Company Blue Cross Life Insurance Company of Canada 139 8,561 8,700 8,700 BMO Life Assurance Company 33, ,943 2, ,174 37,117 BMO Life Insurance Company 2,394 2,394 2,394 Canada Life Assurance Company (The) 152, , ,206 9,606 1,718 11, ,530 Canadian Premier Life Insurance Company 16,425 16,425 16,425 CIBC Life Insurance Company Limited CMFG Life Insurance Company Combined Insurance Company of America Connecticut General Life Insurance Company Croatian Fraternal Union of America CT Financial Assurance Company Cumis Life Insurance Company 1,970 17,737 19,707 19,707 Desjardins Financial Security Life Assurance Company 15,728 11,171 26,899 1,891 4,345 6,236 33,135 Empire Life Insurance Company (The) 24,380 2,822 27,202 7, ,486 35,688 Equitable Life Insurance Company of Canada (The) 43,548 4,530 48,078 12, ,944 61,022 FaithLife Financial 3,484 3, ,691 First Canadian Insurance Corporation 27,399 27,399 27,399 Foresters Life Insurance Company 4,786 1,920 6,706 10,409 10,409 17,115 Gerber Life Insurance Company Grand Orange Lodge of British America Benefit Fund (The) GreatWest Life Assurance Company (The) 63, , ,100 8,869 1,591 10, ,560 Household Life Insurance Company 3,183 3,183 3,183 Independent Order of Foresters (The) 3,899 3, ,108 Industrial Alliance Insurance and Financial Services Inc. 51,103 5,002 56,105 1,113 10,057 11,170 67,275 Industrial Alliance Pacific Insurance and Financial Services Inc 58,894 12,354 71,248 23,706 23,706 94,954 Knights of Columbus 21,603 21,603 21,603 La Capitale Insurance and Financial Services Inc , ,565 Life Insurance Company of North America

42 Abstract of The Returns of Companies Transacting LIFE INSURANCE DIRECT PREMIUMS WRITTEN in the Province of Alberta 2011 Name of Company Individual Group Total Individual Group Total $'000 Insurance Premiums Consideration for Annuities GrandTotal $'000 $'000 $'000 $'000 $'000 $'000 London Life Insurance Company 171, ,350 9,195 35,776 44, ,321 Manufacturers Life Insurance Company (The) 244,787 95, ,962 26,795 20,594 47, ,351 Manulife Canada Ltd. 8,451 8,451 8,451 Massachusetts Mutual Life Insurance Company National Bank Life Insurance Company New York Life Insurance Company Order of United Commercial Travelers of America (The) Penncorp Life Insurance Company 1, , ,604 Primerica Life Insurance Company of Canada 35,688 35, ,693 RBC Life Insurance Company 132,193 2, , ,581 Reassure America Life Insurance Company Reliable Life Insurance Company Scotia Life Insurance Company 1,523 1,523 1,523 Sons of Scotland Benevolent Association SSQ Life Insurance Company Inc. 12,725 12, ,728 SSQ, Insurance Company Inc Standard Life Assurance Company of Canada (The) 20,204 9,495 29,699 3,038 16,049 19,087 48,786 Standard Life Assurance Limited State Farm International Life Insurance Company Ltd. 9, , ,224 Sun Life Assurance Company of Canada 248, , ,034 48,322 83, , ,553 TD Life Insurance Company 1, ,140 1,140 The Excellence Life Insurance Company The Union Life Mutual Assurance Company Trans Global Life Insurance Company Transamerica Life Canada 98,717 98,717 2,031 2, ,748 Ukrainian Fraternal Society of Canada Ukrainian National Association Inc Union of Canada Life Insurance United American Insurance Company Wawanesa Life Insurance Company 12,131 1,004 13,135 9,471 9,471 22,606 Western Life Assurance Company 5,219 3,189 8,408 8,408 TOTAL 1,486, ,936 2,249, , , ,061 2,611,396 38

43 Abstract of The Returns of Companies Transacting LIFE INSURANCE DIRECT CLAIMS, ANNUITIES AND DIVIDENDS in the Province of Alberta 2011 Name of Company Death Dividends Annuity Grand Total $'000 $'000 $'000 $'000 Aetna Life Insurance Company Allianz Life Insurance Company of North America American Bankers Life Assurance Company of Florida 1,935 1,935 American Health and Life Insurance Company American Income Life Insurance Company 1,837 1,837 Assumption Mutual Life Insurance Company Assurant Life of Canada 2,718 2,886 5,604 AXA Assurances Inc AXA Equitable Life Insurance Company Blue Cross Life Insurance Company of Canada 4,729 4,729 BMO Life Assurance Company 20, ,387 24,792 BMO Life Insurance Company Canada Life Assurance Company (The) 43,607 26,575 38, ,459 Canadian Premier Life Insurance Company 3,336 3,336 CIBC Life Insurance Company Limited CMFG Life Insurance Company Combined Insurance Company of America Connecticut General Life Insurance Company Croatian Fraternal Union of America 1 1 Cumis Life Insurance Company 5,284 2, ,246 Desjardins Financial Security Life Assurance Company 16,124 1,232 16,416 33,772 Empire Life Insurance Company (The) 10,799 1,347 11,937 24,083 Equitable Life Insurance Company of Canada (The) 16,359 1,747 6,105 24,211 FaithLife Financial 1, ,372 4,309 First Canadian Insurance Corporation 2,573 2,573 Foresters Life Insurance Company 2, ,302 7,635 Gerber Life Insurance Company Grand Orange Lodge of British America Benefit Fund ( 1 1 GreatWest Life Assurance Company (The) 119,912 14,811 17, ,675 Hartford Life Insurance Company

44 Abstract of The Returns of Companies Transacting LIFE INSURANCE DIRECT CLAIMS, ANNUITIES AND DIVIDENDS in the Province of Alberta 2011 Name of Company Death Dividends Annuity Grand Total $'000 $'000 $'000 $'000 Household Life Insurance Company Independent Order of Foresters (The) 3,804 1, ,610 Industrial Alliance Insurance and Financial Services Inc 21, ,722 45,067 Industrial Alliance Pacific Insurance and Financial Serv 19, ,667 24,357 Knights of Columbus 3,879 4, ,634 La Capitale Insurance and Financial Services Inc. 1, ,338 Life Insurance Company of North America London Life Insurance Company 63,301 64,776 56, ,468 Manufacturers Life Insurance Company (The) 145,090 29, , ,665 Manulife Canada Ltd. 4, ,552 Massachusetts Mutual Life Insurance Company National Bank Life Insurance Company New York Life Insurance Company Order of United Commercial Travelers of America (The Penncorp Life Insurance Company 1, ,124 Primerica Life Insurance Company of Canada 14, ,499 Principal Life Insurance Company RBC Life Insurance Company 56, ,826 Reassure America Life Insurance Company 1 1 Reliable Life Insurance Company Scotia Life Insurance Company Sons of Scotland Benevolent Association SSQ Life Insurance Company Inc. 4, ,374 SSQ, Insurance Company Inc Standard Life Assurance Company of Canada (The) 20,885 2,270 34,915 58,070 Standard Life Assurance Limited State Farm International Life Insurance Company Ltd. 2, ,240 4,460 Sun Life Assurance Company of Canada 220,984 61, , ,485 TD Life Insurance Company The Union Life Mutual Assurance Company

45 Abstract of The Returns of Companies Transacting LIFE INSURANCE DIRECT CLAIMS, ANNUITIES AND DIVIDENDS in the Province of Alberta 2011 Name of Company Death Dividends Annuity Grand Total $'000 $'000 $'000 $'000 Trans Global Life Insurance Company Transamerica Life Canada 45, ,847 48,211 Ukrainian Fraternal Society of Canada Ukrainian National Association Inc. 3 3 Union of Canada Life Insurance United American Insurance Company Wawanesa Life Insurance Company 9, ,886 17,702 Western Life Assurance Company 1, ,927 TOTAL 898, , ,642 1,677,652 41

46 Abstract of The Returns of Companies Transacting AUTOMOBILE PROPERTY INSURANCE in the Province of Alberta 2011 NAME OF COMPANY Premiums Written AUTOMOBILE PROPERTY Ratio * Premiums Written $'000 $'000 $'000 $'000 Ratio * ACE INA Insurance 11,431 15, % 20,835 13, % Affiliated F.M. Insurance Company 6,599 11, % Alberta Motor Association Insurance Company 197, , % 52,528 51, % Alberta Municipal Insurance Exchange 567 6,204 Alberta School Boards Insurance Exchange % Allianz Global Risk US Insurance Company (177) 2,540 21,791 1, % Allstate Insurance Company of Canada 66,392 48, % 22,705 16, % American Bankers Insurance Company of Florida % American Road Insurance Company 1,250 3, % Arch Insurance Company % 15,165 1, % Ascentus Insurance Ltd. 53 Aspen Insurance U.K. Limited 458 (94) Asset Protection Insurance Exchange 966 1, % Associated Electric & Gas Insurance Services Limited 1,545 (1,151) Aviva Insurance Company of Canada 174, , % 95,185 74, % AXA Insurance (Canada) 352 (19) % AXA Pacific Insurance Company 109,708 67, % 54,799 31, % AXIS Reinsurance Company (Canadian Branch) 2, % Berkley Insurance Company % Boiler Inspection and Insurance Company of Canada % Canadian Airports Reciprocal Insurance Exchange (CARIE) 718 (1) Canadian Direct Insurance Incorporated 46,876 29, % 9,453 7, % Canadian Egg Industry Reciprocal Alliance (CEIRA) % Canadian Farm Insurance Corp. 4,164 1, % 3,079 1, % Canadian Northern Shield Insurance Company % Canadian Universities Reciprocal Insurance Exchange 1,932 4, % Canassurance Insurance Company % Certas Direct Insurance Company 9,526 6, % 1, % Chartis Insurance Company of Canada 9,757 6, % 154, , % Chubb Insurance Company of Canada 4,629 1, % 30,582 20, % Continental Casualty Company 7,804 8, % 18,890 24, % Cooperators General Insurance Company 262, , % 207, , % CorePointe Insurance Company (13) (125) Coseco Insurance Company 12,640 5, % 4,530 4, % Cumis General Insurance Company 2,687 4, % 2,962 2, % Dominion of Canada General Insurance Company (The) 73,821 50, % 47,000 57, % 42

47 Abstract of The Returns of Companies Transacting AUTOMOBILE PROPERTY INSURANCE in the Province of Alberta 2011 NAME OF COMPANY Premiums Written AUTOMOBILE PROPERTY Ratio * Premiums Written $'000 $'000 $'000 $'000 Ratio * Ecclesiastical Insurance Office Public Limited Company 6,293 2, % Echelon General Insurance Company % 4, % Economical Mutual Insurance Company 109,891 86, % 64,007 61, % Electric Insurance Company % Elite Insurance Company 18,666 7, % 40,370 25, % Employers Insurance Company of Wausau (2) Energy Insurance Group 5,388 2, % Everest Insurance Company of Canada % Factory Mutual Insurance Company 30, % Federal Insurance Company 13 (2) 17 Federated Insurance Company of Canada 19,043 8, % 13,507 9, % Federation Insurance Company of Canada % 1, % FedGas Insurance Reciprocal Exchange % First North American Insurance Company 1, % Fortress Insurance Company 804 1, % GMS Insurance Inc % Gore Mutual Insurance Company 1, % Grain Insurance and Guarantee Company 6,071 2, % Great American Insurance Company 7,669 1, % Guarantee Company of North America (The) 1, % 3,056 1, % Hartford Fire Insurance Company % 3,499 2, % Healthcare Insurance Reciprocal of Canada 7 Intact Insurance Company 476, , % 232, , % Jevco Insurance Company 27,519 9, % % Jewelers Mutual Insurance Company % Jubilee Reciprocal Insurance Exchange 4,498 6, % La Capitale General Insurance Inc % (4) 14 Legacy General Insurance Company 35 Liberty Mutual Insurance Company 11,416 7, % 18,114 48, % Lloyd's Underwriters 2,472 3, % 148,499 80, % Lumbermen's Underwriting Alliance 574 3, % MAX Canada Insurance Company % Mennonite Mutual Insurance Co. (Alberta) Ltd. 16 5,595 3, % Millennium Insurance Corporation 18,187 9, % 2,938 2, % Missisquoi Insurance Company (The) 2 2 Motors Insurance Corporation 2,722 2, % 6,314 1, % 43

48 Abstract of The Returns of Companies Transacting AUTOMOBILE PROPERTY INSURANCE in the Province of Alberta 2011 NAME OF COMPANY Premiums Written AUTOMOBILE PROPERTY Ratio * Premiums Written $'000 $'000 $'000 $'000 Ratio * National Liability & Fire Insurance Company 19 Nipponkoa Insurance Company, Limited % 3 (14) Nordic Insurance Company of Canada (The) 257 (2,579) Northbridge Commercial Insurance Corporation 35,297 16, % 2,937 2, % Northbridge General Insurance Corporation 25,234 12, % 19,879 13, % Northbridge Indemnity Insurance Corporation 14,161 (1,514) Northbridge Personal Insurance Corporation % % Novex Insurance Company 62,080 35, % 24,903 36, % Old Republic Insurance Company of Canada 7,660 3, % % Omega General Insurance Company 4,951 2, % Optimum West Insurance Company 3,204 1, % 2,091 1, % Peace Hills General Insurance Company 61,367 35, % 53,513 64, % Pembridge Insurance Company 9,223 8, % 2,408 1, % Perth Insurance Company 49 Portage La Prairie Mutual Insurance Company (The) 25,651 20, % 13,956 13, % Primmum Insurance Company 97,947 68, % 38,178 52, % Protective Insurance Company % Provincial Health Authorities of Alberta Liability and Property Insurance Plan % RBC General Insurance Company 37,315 18, % 10,215 9, % RBC Insurance Company of Canada 11,141 6, % 5,057 3, % Royal & Sun Alliance Insurance Company of Canada 55,802 31, % 52,226 59, % Saskatchewan Mutual Insurance Company 8,421 3, % Scottish & York Insurance Co. Limited (24) % Security National Insurance Company 301, , % 122, , % Sentry Insurance A Mutual Company % SGI CANADA Insurance Services Ltd. 25,862 15, % 10,876 21, % Sompo Japan Insurance Inc % Sovereign General Insurance Company (The) 12,790 5, % 21,888 7, % St. Paul Fire and Marine Insurance Company 14,950 6, % 11,923 17, % State Farm Fire and Casualty Company (The) 40,858 27, % State Farm Mutual Automobile Insurance Company 120, , % Sumitomo Marine and Fire Insurance Company Limited (The) % 1, % TD Home and Auto Insurance Company 21,485 14, % 12,528 16, % Temple Insurance Company 3,932 7, % The Mutual Fire Insurance Company of British Columbia 2,606 1, % The Personal Insurance Company 34,536 22, % 10,969 12, % 44

49 Abstract of The Returns of Companies Transacting AUTOMOBILE PROPERTY INSURANCE in the Province of Alberta 2011 NAME OF COMPANY Premiums Written AUTOMOBILE PROPERTY Ratio * Premiums Written $'000 $'000 $'000 $'000 Ratio * Tokio Marine & Nichido Fire Insurance Co., Ltd % 802 (2,877) Traders General Insurance Company 26,046 16, % 7,900 8, % Trafalgar Insurance Company of Canada 15,675 9, % 5,857 6, % Trans Global Insurance Company 5, % Trisura Guarantee Insurance Company % Triton Insurance Company 2, % Unica Insurance Inc % (4) 14 Unifund Assurance Company 145,154 91, % 44,105 54, % Urban School Insurance Consortium Reciprocal (USIC) 113 Waterloo Insurance Company 6,469 6, % 2,035 1, % Wawanesa Mutual Insurance Company (The) 484, , % 258, , % Western Financial Insurance Company 6,603 3, % Westport Insurance Corporation 12,629 1, % XL Reinsurance America Inc. 28 (10) Zenith Insurance Company % % Zurich Insurance Company Ltd 52,213 34, % 66,841 17, % TOTAL 3,382,427 2,263, % 2,298,092 2,178, % *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. 45

50 Abstract of The Returns of Companies Transacting ACCIDENT and SICKNESS INSURANCE in the Province of Alberta 2011 NAME OF COMPANY ACCIDENT and SICKNESS Premiums Written Ratio * $'000 $'000 ACE INA Insurance % Actra Fraternal Benefit Society % Aetna Life Insurance Company 261 Alberta Motor Association Insurance Company 1, % Allianz Global Risk US Insurance Company 6,457 1, % American Bankers Insurance Company of Florida 20, % American Bankers Life Assurance Company of Florida 21,170 1, % American Income Life Insurance Company 1, % Assumption Mutual Life Insurance Company % Aviva Insurance Company of Canada 16 AXA Assurances Inc. 79 AXA Pacific Insurance Company 13 Blue Cross Life Insurance Company of Canada 23,517 11, % BMO Life Assurance Company 5,969 1, % BMO Life Insurance Company 8, % Canada Life Assurance Company (The) 93,062 11, % Canadian Premier Life Insurance Company 22,805 3, % Canassurance Insurance Company % Chartis Insurance Company of Canada 5,694 3, % Chubb Insurance Company of Canada % CIBC Life Insurance Company Limited 6, % Combined Insurance Company of America 18,998 5, % Connecticut General Life Insurance Company % Continental Casualty Company 17 Cooperators General Insurance Company 208 (15) CT Financial Assurance Company % Cumis General Insurance Company 19 Cumis Life Insurance Company 9,774 1, % Desjardins Financial Security Life Assurance Company 79,590 53, % Echelon General Insurance Company % Empire Life Insurance Company (The) 26,608 17, % Equitable Life Insurance Company of Canada (The) 45,761 30, % Everest Insurance Company of Canada % FaithLife Financial % Fenchurch General Insurance Company 1, % First Canadian Insurance Corporation 34,383 2, % 46

51 Abstract of The Returns of Companies Transacting ACCIDENT and SICKNESS INSURANCE in the Province of Alberta 2011 NAME OF COMPANY ACCIDENT and SICKNESS Premiums Written Ratio * $'000 $'000 Foresters Life Insurance Company % GMS Insurance Inc. 4,324 2, % GreatWest Life Assurance Company (The) 492, , % Green Shield Canada 32,405 34, % Guarantee Company of North America (The) 1 Household Life Insurance Company 2, % Independent Order of Foresters (The) % Industrial Alliance Insurance and Financial Services Inc. 28,059 21, % Industrial Alliance Pacific Insurance and Financial Services Inc 41,691 12, % Knights of Columbus % La Capitale Insurance and Financial Services Inc. 3,159 1, % Legacy General Insurance Company 1, % Liberty Life Assurance Company of Boston 60 Life Insurance Company of North America % Lloyd's Underwriters 15,039 12, % Manufacturers Life Insurance Company (The) 341, , % Manulife Canada Ltd. 16 National Bank Life Insurance Company % New York Life Insurance Company (3) (1) Northbridge General Insurance Corporation 4 Novex Insurance Company (54) Order of United Commercial Travelers of America (The) % PBC Health Benefits Society 3 Penncorp Life Insurance Company 11,617 3, % Primerica Life Insurance Company of Canada % RBC Insurance Company of Canada 31,720 10, % RBC Life Insurance Company 84,540 45, % Reliable Life Insurance Company 5,817 1, % Royal & Sun Alliance Insurance Company of Canada 9,413 (56) Scotia Life Insurance Company 6, % SSQ Life Insurance Company Inc. 39,637 21, % SSQ, Insurance Company Inc. 10,196 3, % Standard Life Assurance Company of Canada (The) 42,593 23, % Sun Life Assurance Company of Canada 447, , % TD Life Insurance Company 11,079 2, % The Excellence Life Insurance Company % 47

52 Abstract of The Returns of Companies Transacting ACCIDENT and SICKNESS INSURANCE in the Province of Alberta 2011 NAME OF COMPANY ACCIDENT and SICKNESS Premiums Written Ratio * $'000 $'000 Trans Global Life Insurance Company 3, % Transamerica Life Canada 511 Triton Insurance Company 3, % Wawanesa Life Insurance Company 5,183 3, % Western Life Assurance Company 10,018 4, % TOTAL 2,123,400 1,173, % *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. 48

53 Abstract of The Returns of Companies Transacting LIABILITY FIDELITY INSURANCE in the Province of Alberta 2011 NAME OF COMPANY Premiums Written LIABILITY Ratio * Premiums Written FIDELITY $'000 $'000 $'000 $'000 Ratio * ACE INA Insurance 18,909 12, % % Alberta Municipal Insurance Exchange 5,258 6, % Alberta Roofing Contractors Reciprocal Insurance Exchange % Alberta School Boards Insurance Exchange 1,322 1, % Allianz Global Risk US Insurance Company 3, % American Bankers Insurance Company of Florida 24,539 1, % Arch Insurance Company 6,738 28, % Aspen Insurance U.K. Limited 1,851 2, % Associated Electric & Gas Insurance Services Limited 4,805 (7,256) Aviva Insurance Company of Canada 41,584 17, % 91 (31) AXA Insurance (Canada) 247 (340) AXA Pacific Insurance Company 43,152 (823) % AXIS Reinsurance Company (Canadian Branch) 5,272 2, % % Berkley Insurance Company 2,586 1, % % Canadian Direct Insurance Incorporated % Canadian Lawyers Insurance Association 5,735 3, % Canadian Lawyers Liability Assurance Society 2,114 (1,316) Canadian Northern Shield Insurance Company % 1 Canadian Universities Reciprocal Insurance Exchange 1, % Canassurance Insurance Company % Chartis Insurance Company of Canada 67, , % 631 (2,163) Chubb Insurance Company of Canada 39,290 21, % 1,828 1, % Community Newspapers Reciprocal Insurance Exchange % Continental Casualty Company 19,169 4, % % Cooperators General Insurance Company 52,292 18, % % Cumis General Insurance Company 1,088 1, % 1, % Darwin National Assurance Company % Dominion of Canada General Insurance Company (The) 14,494 6, % % Ecclesiastical Insurance Office Public Limited Company 1, % Echelon General Insurance Company % Economical Mutual Insurance Company 16,587 4, % % Electric Insurance Company 512 1, % Employers Insurance Company of Wausau 4 Energy Insurance Group 4,493 1, % Everest Insurance Company of Canada 1, % Federal Insurance Company 36 49

54 Abstract of The Returns of Companies Transacting LIABILITY FIDELITY INSURANCE in the Province of Alberta 2011 NAME OF COMPANY Premiums Written LIABILITY Ratio * Premiums Written FIDELITY $'000 $'000 $'000 $'000 Ratio * Federated Insurance Company of Canada 10,552 (598) % Federation Insurance Company of Canada 96 FedGas Insurance Reciprocal Exchange % Genesis Reciprocal Insurance Exchange 4,182 3, % Gore Mutual Insurance Company % Grain Insurance and Guarantee Company 1, % 1 Great American Insurance Company 4,589 1, % % Guarantee Company of North America (The) 1, % 2, % Hartford Fire Insurance Company 580 (31) 1 Healthcare Insurance Reciprocal of Canada 1, % Intact Insurance Company 40,474 19, % Jevco Insurance Company % Jewelers Mutual Insurance Company 23 Liberty Mutual Insurance Company 20,852 60, % 450 (107) Lloyd's Underwriters 145, , % % MAX Canada Insurance Company % Mennonite Mutual Insurance Co. (Alberta) Ltd % Millennium Insurance Corporation % National Liability & Fire Insurance Company (2) (40) Nordic Insurance Company of Canada (The) 1,564 Northbridge Commercial Insurance Corporation % Northbridge General Insurance Corporation 15,788 12, % 197 (33) Northbridge Indemnity Insurance Corporation 5,668 (15,204) Northbridge Personal Insurance Corporation 549 Novex Insurance Company 1,341 (26) Old Republic Insurance Company of Canada 515 (13) Omega General Insurance Company % Optimum West Insurance Company 515 (40) 2 Portage La Prairie Mutual Insurance Company (The) % Primmum Insurance Company 422 (284) Provincial Health Authorities of Alberta Liability and Property Insurance Plan 13,285 34, % RBC General Insurance Company 75 Real Estate Insurance Exchange 2,250 3, % Royal & Sun Alliance Insurance Company of Canada 17,607 5, % % Saskatchewan Mutual Insurance Company 2,037 (688) 7 (5) Scottish & York Insurance Co. Limited 15 2, % 50

55 Abstract of The Returns of Companies Transacting LIABILITY FIDELITY INSURANCE in the Province of Alberta 2011 NAME OF COMPANY Premiums Written LIABILITY Ratio * Premiums Written FIDELITY $'000 $'000 $'000 $'000 Ratio * Security Insurance Company of Hartford 298 Sentry Insurance A Mutual Company 22 (59) SGI CANADA Insurance Services Ltd. 3, % Sompo Japan Insurance Inc % Sovereign General Insurance Company (The) 15,118 4, % 82 St. Paul Fire and Marine Insurance Company 13,504 10, % 334 (46) State Farm Fire and Casualty Company (The) 5,013 (149) Sumitomo Marine and Fire Insurance Company Limited (The) % 22 T.H.E. Insurance Company 5 TD Home and Auto Insurance Company 2,140 1, % Temple Insurance Company 6,854 (658) The Mutual Fire Insurance Company of British Columbia 184 Tokio Marine & Nichido Fire Insurance Co., Ltd % Trafalgar Insurance Company of Canada 1 Travelers Insurance Company of Canada 6,072 2, % 1, % Trisura Guarantee Insurance Company 1, % % Triton Insurance Company 28 Urban School Insurance Consortium Reciprocal (USIC) 1,126 Virginia Surety Company, Inc. 1, % Waterloo Insurance Company 52 (2) Wawanesa Mutual Insurance Company (The) 9,377 4, % Western Surety Company 2 Westport Insurance Corporation 6,211 2, % XL Reinsurance America Inc. 3,083 1, % Zurich Insurance Company Ltd 47,658 25, % % TOTAL 808, , % 11,063 2, % *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. 51

56 Abstract of The Returns of Companies Transacting SURETY BOILER and MACHINERY INSURANCE in the Province of Alberta 2011 NAME OF COMPANY Premiums Written SURETY Ratio * Premiums Written BOILER MACHINERY $'000 $'000 $'000 $'000 Ratio * ACE INA Insurance 252 (5) (4) Affiliated F.M. Insurance Company 296 (978) Allianz Global Risk US Insurance Company 2,609 1, % Aviva Insurance Company of Canada 4,149 2, % 2, % AXA Insurance (Canada) 19 AXA Pacific Insurance Company 10,867 2, % 1,471 (45) AXIS Reinsurance Company (Canadian Branch) % Berkley Insurance Company % % Boiler Inspection and Insurance Company of Canada 2, % Canadian Farm Insurance Corp. 43 Canadian Northern Shield Insurance Company 7 Chartis Insurance Company of Canada 1, % 4,043 1, % Chubb Insurance Company of Canada 2, % % Continental Casualty Company 1, Cooperators General Insurance Company 4,442 1, % 2, % Cumis General Insurance Company 96 Dominion of Canada General Insurance Company (The) Ecclesiastical Insurance Office Public Limited Company 230 Economical Mutual Insurance Company % 1, % Factory Mutual Insurance Company 9,958 30, % Federated Insurance Company of Canada % % Fenchurch General Insurance Company 3, % First North American Insurance Company % Gore Mutual Insurance Company % Grain Insurance and Guarantee Company % Great American Insurance Company 56 Guarantee Company of North America (The) 13,599 24, % Hartford Fire Insurance Company 1 1 Intact Insurance Company 1,580 (337) 2, % Jevco Insurance Company 1, % La Capitale General Insurance Inc. 287 Liberty Mutual Insurance Company % Lloyd's Underwriters 11,688 3, % Lumbermen's Underwriting Alliance % L'Unique General Insurance Inc. 287 Millennium Insurance Corporation 41,406 7, % 52

57 Abstract of The Returns of Companies Transacting SURETY BOILER and MACHINERY INSURANCE in the Province of Alberta 2011 NAME OF COMPANY Premiums Written SURETY Ratio * Premiums Written BOILER MACHINERY $'000 $'000 $'000 $'000 Ratio * Northbridge General Insurance Corporation % Novex Insurance Company 7 (2) Optimum West Insurance Company 17 Royal & Sun Alliance Insurance Company of Canada 3,979 1, % Saskatchewan Mutual Insurance Company 34 Scottish & York Insurance Co. Limited 4 SGI CANADA Insurance Services Ltd. 1 Sovereign General Insurance Company (The) 4,288 1, % % St. Paul Fire and Marine Insurance Company % State Farm Fire and Casualty Company (The) 10 Sumitomo Marine and Fire Insurance Company Limited (The) 20 Temple Insurance Company % The Mutual Fire Insurance Company of British Columbia 16 Travelers Insurance Company of Canada 9,992 (5,205) 2,693 2, % Trisura Guarantee Insurance Company 3,695 1, % 1, % Wawanesa Mutual Insurance Company (The) % Western Surety Company 6,271 3, % Westport Insurance Corporation % Zurich Insurance Company Ltd 8, % 2, % TOTAL 75,962 32, % 100,522 51, % *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. 53

58 Abstract of The Returns of Companies Transacting AIRCRAFT MARINE INSURANCE in the Province of Alberta 2011 NAME OF COMPANY Premiums Written $'000 AIRCRAFT Ratio * Premiums Written MARINE $'000 $'000 $'000 Ratio * ACE INA Insurance 1, % % Allianz Global Risk US Insurance Company 7,874 4, % 2,492 2, % Ascentus Insurance Ltd % Aspen Insurance U.K. Limited % Associated Electric & Gas Insurance Services Limited % Aviva Insurance Company of Canada % AXA Insurance (Canada) % AXA Pacific Insurance Company 976 (2,737) % Berkley Insurance Company % % Canadian Applicators Insurance Reciprocal 665 Canadian Union Insurance Company (160) 22 Chartis Insurance Company of Canada 1,375 1, % (335) 170 Chubb Insurance Company of Canada (1) 34 (2) Continental Casualty Company 1, % Cooperators General Insurance Company (160) 22 1, % Elite Insurance Company 2,470 1, % Great American Insurance Company 17 (3) Hartford Fire Insurance Company (4) Intact Insurance Company 2 Liberty Mutual Insurance Company % 100 (255) Lloyd's Underwriters 17,465 1, % 1,447 (3,270) National Liability & Fire Insurance Company 2, % (65) Nipponkoa Insurance Company, Limited 6 Northbridge General Insurance Corporation 2, % 1,014 (41) Northbridge Indemnity Insurance Corporation (1) Omega General Insurance Company 13 54

59 Abstract of The Returns of Companies Transacting AIRCRAFT MARINE INSURANCE in the Province of Alberta 2011 NAME OF COMPANY Premiums Written $'000 AIRCRAFT Ratio * Premiums Written MARINE $'000 $'000 $'000 Ratio * Royal & Sun Alliance Insurance Company of Canada (58) 1, % Sovereign General Insurance Company (The) 1, % St. Paul Fire and Marine Insurance Company (27) Sumitomo Marine and Fire Insurance Company Limited (The) % Temple Insurance Company 5,184 2, % The Shipowners' Mutual Protection and Indemnity Association (Lexembourg) 2, % Traders General Insurance Company 44 Union of Canada Life Insurance (160) 22 Westport Insurance Corporation 1,224 1, % Zurich Insurance Company Ltd 240 TOTAL 41,447 9, % 16,836 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. 55

60 Abstract of The Returns of Companies Transacting HAIL TITLE INSURANCE in the Province of Alberta 2011 NAME OF COMPANY Premiums Written HAIL Ratio * Premiums Written TITLE $'000 $'000 $'000 $'000 Ratio * ACE INA Insurance % Chicago Title Insurance Company 3, % FCT Insurance Company Ltd. 10,511 1, % First American Title Insurance Company 2, % Lawyers' Professional Indemnity Company % Northbridge General Insurance Corporation 4,802 3, % Palliser Insurance Company Limited 19,043 8, % Rain and Hail Insurance Corporation % Stewart Title Guaranty Company 1, % TOTAL 24,896 12, % 18,460 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. 56

61 Abstract of The Returns of Companies Transacting MORTGAGE CREDIT INSURANCE in the Province of Alberta 2011 NAME OF COMPANY Premiums Written MORTGAGE Ratio * Premiums Written CREDIT $'000 $'000 $'000 $'000 Ratio * Atradius Credit Insurance N.V 3,507 1, % Canada Guaranty Mortgage Insurance Company 11,676 3, % Chartis Insurance Company of Canada 1, % Compagnie Francaise d'assuarance Pour le Commerce Exterieur 687 (8) Euler Hermes North America Insurance Company % FCT Insurance Company Ltd. 22,931 19, % Genworth Financial Mortgage Insurance Company Canada 119, , % Guarantee Company of North America (The) % Lloyd's Underwriters 247 (451) PMI Mortgage Insurance Company Canada 259 Zurich Insurance Company Ltd 123 TOTAL 154, , % 6,499 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. 57

62 Abstract of The Returns of Companies Transacting LEGAL EXPENSE in the Province of Alberta 2011 NAME OF COMPANY Premiums Written LEGAL EXPENSE Ratio * Premiums Written $'000 $'000 $'000 $'000 Ratio * AXA Pacific Insurance Company 2 DAS Legal Protection Insurance Company Limited % Echelon General Insurance Company 5 Intact Insurance Company % Lloyd's Underwriters 120 (35) Novex Insurance Company % Trafalgar Insurance Company of Canada % TOTAL % *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. 58

63 A glossary has been provided to: define abbreviations used in this annual report define application and technical terms used in this annual report GLOSSARY including adjustment expenses ratio Classes of Insurance Consideration for Annuities Extra provincial Fraternal society Minimum Capital Test (MCT) Minimum continuing capital and surplus requirement (MCCSR) Reciprocal Insurance Exchange Run off means all of the expenses related to the settlement of a claim and can include such costs an adjuster and legal fees in addition to the claim settlement amount. is the ratio of direct claims and adjustment expenses to the total direct premiums written. The insurer is presumed to have earned a profit on a particular class of insurance when the ratio is 70% or less. for a definition of any of the classes of insurance used in this annual report, please refer to the Classes of Insurance Regulation, located on our website: bncln= &display=html means inclusion of any annuities reported means an insurer that is formed by or under the laws of another province or territory. means a body corporate that is a not for profit society, order or association formed for the purpose of making, with its members only, contracts of life, accident or sickness insurance in accordance with its constitution, bylaws and rules and the Insurance Act. determines capital adequacy of a property and casualty insurance company. It is a key measure of a company s financial capacity to fulfill their obligations and cover all the risks it occurs. determines capital adequacy of a life insurance company. It is a key measure of a company s financial capacity to fulfill their obligations and cover all the risks it occurs. means a group of subscribers exchanging reciprocal contracts of indemnity or interinsurance with each other through a principle attorney as defined in section 78(b) of the Insurance Act A company is in run off when it no longer accepts new business, but has open or outstanding claims. An insurer or reciprocal will remain in run off status until all claims have been settled. Note: All premium and claims data presented on pages 3758 of this report are based on the consolidated data reported on the provincial pages of the regulatory reporting provided by each insurer. 59