2022-23 SGI CANADA Annual Report

Board Chair's Message I'm pleased to report that SGI CANADA achieved another profitable year, generating $24.4 million in net income despite catastrophic storms, labour shortages, inflation and supply chain effects on claim costs. In 2022-23, SGI CANADA continued work on a major project to update its business processes and technology so that it is positioned to meet the needs of customers and partners into the future. SGI has dedicated a significant number of staff to this project. Their efforts and their collaboration with consulting, risk management and technology providers, many within the province, have set the project up for success. Even with resources targeted to transforming the business, SGI CANADA outperformed the Canadian property and casualty insurance industry's growth rate of 8.5%, achieving growth of 9.8% in 2022. Despite the challenges last year, our team's dedication to SGI's corporate values has once again resulted in high customer and broker satisfaction. That care for customers and partners extends into the community. SGI CANADA supported 168 organizations, associations, clubs and events with over $578,000 in sponsorships and in-kind donations in 2022-23. These contributions increased safety and security in the community and supported organizations that align with our values, including the Canadian Red Cross, through major sponsorships. SGI CANADA also partnered with the University of Regina in 2022 to create the SGI Post-Doctoral Fellowship in Data Science. This helped develop undergraduate and graduate data science programs, so students in Saskatchewan can acquire the skills and knowledge a data-driven workforce needs. In addition, the company strengthened collaboration with Saskatchewan Polytechnic, focusing on applied agricultural research that benefits both adjusters and Saskatchewan Polytechnic students. I thank SGI CANADA's executive team for their consistent leadership throughout the past year. We were proud to welcome our new President and CEO, Penny McCune, effective June 1, 2022. Penny started at SGI in 1985 in an entry level position, working in increasingly senior leadership roles in almost every division of the company before taking the helm as President. We are fortunate to have her experience, knowledge and leadership through this time of change. The Board of Directors was pleased to welcome Rauncie Murdoch and Trent Fraser as our newest directors, and we thank departing director Irene Seiferling for her many contributions and years of service. Thank you to our continuing directors for their guidance over the past year. I also thank our employees and broker partners for the passion, care and innovation they contribute each day. Their dedication and their collaboration is helping to build safer, more secure communities everywhere SGI CANADA does business. Denis Perrault Chair, SGI Board of Directors 2 2022-23 SGI CANADA Annual Report

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