Investor Presentaiton
P&C industry 12-month outlook
We remain well-positioned to continue outperforming the
Canadian P&C insurance industry in the current environment
Premium growth
Underwriting
Return on equity
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Industry premiums are likely to increase at a low single-digit rate, with
slightly negative growth in personal auto, mid single-digit growth in
commercial lines and upper single-digit growth in personal property
expected
We expect future premium reductions in Ontario auto will be
commensurate with government cost reduction measures
We expect the current hard market conditions in personal property to
continue as the magnitude of recent catastrophe losses negatively
impacts industry results
We believe the impact of continued low interest rates and limited
underwriting profitability at the industry level have translated into firmer
conditions in commercial lines
We expect the industry's combined ratio to continue to improve in 2015
from the recent peak above 100% in 2013, though the level of
investment income is unlikely to improve
We expect the industry's ROE to trend back toward its long-term
average of 10% in 2015
We believe we will outperform the industry's ROE by at least 500 basis
points in the next 12 months
Intact Financial Corporation
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