2022-23 SGI CANADA Annual Report
Key management personnel
Key management personnel are those persons having authority over the planning, directing and controlling activities
of the Corporation, and include the Board of Directors, the President and Chief Executive Officer and Executive Vice
Presidents of the Corporation.
Key management personnel compensation is comprised of:
Salaries and benefits
Post-employment benefits
Contributions to defined contribution plan
(thousands of $)
2023
2022
$
4,466 $
3,586
26
31
320
250
$
4,812
$
3,867
During the year, $2.4 million (2022 - $2.0 million) of the key management personnel expenses was allocated to the
Saskatchewan Auto Fund.
Other related party transactions are described separately in the notes to the consolidated financial statements.
21. Facility Association Participation
Through its subsidiaries, the Corporation is a participant in automobile residual market and risk-sharing pools,
whereby companies in the industry are required by regulation to provide automobile insurance coverage to
high-risk insureds. Facility Association transactions recorded in the Corporation's financial results are as follows:
(thousands of $)
2023
2022
Gross premiums written
$
12,406 $
11,237
Net premiums earned
Net claims incurred
Commissions
Premium taxes
Administrative expenses
Total claims and expenses
Underwriting (loss) income
$
11,404 $
10,465
8,015
6,550
1,933
295
351
399
2,432
2,792
12,731
10,036
(1,327)
429
Investment earnings
47
1
Net (loss) income
$
(1,280) $
430
Facility Association receivable
$
5,425 $
3,831
Unearned premiums
7,184
6,181
Facility Association payable
1,524
1,524
Provision for unpaid claims
17,501
16,175
80 2022-23 SGI CANADA Annual ReportView entire presentation