RBC Business Segments and Market Strategy
Insurance
Strategic Priorities
Improve distribution
efficiency
Deepen client
relationships
◉
■
RBC
Delivering multi-line "insurance advice for your life" through an integrated product portfolio
Strengthening profitability in all channels by increasing sales and managing expenses
Providing a comprehensive suite of RBC Insurance products and services through cross-sell
strategies to continue to meet our clients' unique insurance needs
Providing a wide range of life, health, home, auto, travel and wealth accumulation solutions to
individual and group clients across Canada, and offer reinsurance solutions for clients globally
■ Announced the sale of home and auto manufacturing business to Aviva Canada in January
Enhancing and streamlining all processes to ensure that clients find it easy to do business with
■
Simplify the way we do
business
Pursue select international
opportunities to grow our
reinsurance business
Net income ($MM) (1)
■
us
Pursuing niche opportunities, diversifying risks and growing our reinsurance business to
generate stable and diversified earnings
Acquisition expense ratio (2)
713(3)
781
118
706
595
2013
2014
2015
185
131
Q1/2015 Q1/2016
12.5%
10.1%
2013
2014
7.0%
6.3%
2015
Q1/2016
19
Business segments
(1) 2015 and 2016 results reflect a recent change in Canadian tax legislation impacting certain foreign affiliates, which became effective November 1, 2014. (2) Acquisition Expense Ratio
calculated as Total Acquisition Expense/Net Premiums. (3) Adjusted net income excludes a Q4/2013 charge of $160MM ($118MM after-tax) as a result of new tax legislation in Canada. This is
a non-GAAP measure. For additional information see slide 40.View entire presentation