Investor Presentaiton
October 10, 2023
8
Operational Insights - Canadian Auto Benchmark
MPI is comparable with our Canadian peers for total operating costs as a
percentage of gross premiums at 35.00% verse 36.43%;
The AON report amplifies the benefits of the MPI business model relative to our
peers, which largely allows MPI to enjoy cost avoidance related to acquisition,
advertising, and claims management litigation expenses. This equates to a 9.8%
favorable operating variance relative to our Canadian peers, or rather 8.42% for
marketing and 1.38% related to avoided claims litigation. Adjusting for this,
provides better line of sight of MPI relative to the peer benchmark group.
Manitoba Public Insurance
Total Gross Expenses
as a % of Gross Premiums Written
Benchmark Comparisons
26.04%
25.20%
36.43%
39.48%
35.41%
Acquisition
Manitoba
Public Ins
Manitoba
Public Ins
Canada
Capada
US
2017
2021
Personal Auto
Benchmark
Industry
Benetmark
Personal Auto
Benstwerk
Company Performance
to Canada Personal Auto Benchmark
Personal Lines
Commercial Lines
Claims
Corporate Support
Taxes & Assessments
•
Total
MPI Exhibit #57
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