The Saskatchewan Auto Fund showed $937 million in gross premiums for the 2017-18 Fiscal Year. The fund is the compulsory auto insurance plan administered by SGI. In its Annual Report, The strong performance is attributed to, in part, investment earnings of $162.8 million. There was about $788 million in claims and another $33.6 million in storm claims. $144 million went to discounts to customers through SGIs Safe Driver Recognition and Business Recognition programs.
Another division of the Crown Corporation is SGI Canada. It sells property and casualty insurance from Ontario to BC. It showed a profit of $59.4 million. The company boasted 8.7 per cent premium growth, outperforming the industry average of about three percent. There was a 15.8 per cent return on equity after tax. There was about $803 million in premiums written and about $50 million in storm claims. $35.8 million in dividends was paid to Crown Investments Corporation.
SGI Outperforms Industry Average in Premium Growth
By Steve Chisholm
Jul 12, 2018 | 10:32 AM