Investor Presentation: Outperforming in the Next Decade
Page 16 | Investor Presentation
Q2-19 Personal Lines
Performance
Personal auto commentary:
DPW were up 6%, driven by rate increases in hard market
conditions, supported by strong rate momentum across all regions.
Our improving competitiveness is also driving unit momentum.
Combined ratio of 99.5% reflects strong underlying performance,
offset by 9.9 points of unfavourable PYD.
Our profitability actions combined with strong rate momentum in hard
market conditions, position us well to capture growth opportunities as
our competitive position continues to improve.
Personal property commentary:
DPW growth was strong at 6%, driven by rate increases and
accelerating unit growth supported by hardening market conditions.
Combined ratio of 99.6% improved by 3.1 points, mainly driven by
lower CAT losses.
Despite the severe weather experienced so far this year, the
fundamentals of this business remain solid and the hardening
market conditions position us well for the future.
[intact]
(in C$ millions, except as
Q2-2019
Q2-2018
otherwise noted)
Change
DPW
1,204
1,137
6%
Written insured risks
1,310
1,318
(1)%
(in thousands)
NEP
939
935
Underwriting income
4
42
(90)%
(loss)
Claims ratio
77.1%
72.9%
4.2 pts
Expense ratio
22.4%
22.7%
(0.3) pts
Combined ratio
99.5%
95.6%
3.9 pts
(in C$ millions, except as
otherwise noted)
Q2-2019
Q2-2018
Change
DPW
679
640
6%
Written insured risks
704
694
1%
(in thousands)
NEP
537
521
3%
Underwriting income
2
(14)
114%
Claims ratio
67.5%
69.1%
(1.6) pts
Expense ratio
32.1%
33.6%
(1.5) pts
Combined ratio
99.6%
102.7%
(3.1) ptsView entire presentation