Investor Presentaiton
October 10, 2023
7
Manitoba Public Insurance
Operational Insights - Crown Peers
Manitoba's trend in Total Gross Expenses per FTE continue to be lower than our Peer's.
Figure BMK-8 2021-22 Comparative Benchmark Report
Line
SGI MPI Basic
No.
Performance Measurement
Auto Fund Compulsory
ICBC
1
Headcount Analysis
2
1. FTEs per $100 Million of Gross Premiums Written
110.0
124.1
93.5
3
2.
Mgmt FTEs per $100 Million of Gross Premiums Written
18.4
8.7
10.8
4
3.
Staff FTEs per $100 Million of Gross Premiums Written
91.6
115.4
82.7
5
Span of Control Analysis
6
4. Ratio of Staff to Management
5.0
13.2
7.6
7
Premium Metrics
8
5. Total Gross Expenses as a % of Gross Premiums Written
18.8%
14.3%
10.9%
9
6.
Average Gross Premiums Written (000's)
1,007,336
1,080,879
3,200,415
10
7.
Gross Premiums Written per FTE
908,860
805,519
1,069,685
11
8.
Gross Premiums Written Growth
1.9%
-6.7%
-8.6%
12
9.
Net Premiums Written as a % of Gross Premiums Written
97.7%
98.6%
99.9%
13
10. Total Net Expenses as a % of Net Premiums Written
19.3%
14.5%
10.9%
14
Policy Metrics
15
11. Adjusted Policies In Force per FTE
16
12. Total Gross Expenses per Adjusted Policy In Force
862.3
906.9
1,368.4
198.6
126.9
84.9
17
Traffic Safety Measurements
18
13. Total Traffic Safety Expenses (000's)
45,165
10,337 $
19
14. Total Traffic Safety Expenses as a % of Gross Premiums Written
4.5%
0.9%
31,909
1.0%
20
Other Performance Measurements
21
15. Pure Loss Ratio
76.3%
63.8%
53.7%
22
16. Loss Adjustment Expense Ratio
18.0%
13.2%
8.4%
23
17. Total Gross Expenses per FTE
171,270
115,040
116,118
MPI Exhibit #57
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