Financial Performance and Risk Management Overview
OUR FINANCIAL TARGETS
Gross Written Premium (1)
Combined Ratio (1)
11.4% 95.3%
Q1-2023
Grow GWP at an upper single digit
to approximately 10% rate (2)
supported by, among other things,
leveraging our investments in the broker
channel, expanding our core commercial
insurance and specialty capabilities, and
continuing to focus on expansion of our
direct-to-consumer offerings
Q1-2023
Maintain a full year combined ratio
in the mid-90s (2) as our strategic
investments drive scale and we
continue to generate operational
improvements across our business,
including our concerted efforts to
diversify our business.
Operating ROE (1)
9.3%
for the last 12 months
Generate an annual operating ROE
in the upper single digit to below
teens range (2) through underwriting
profitability, investment performance
and distribution income, and reflective
of the capital levels generated by our
business
1 This is a supplementary financial measure, non-GAAP financial measure, or a non-GAAP ratio. Refer to Supplementary Financial Measures and Non-GAAP Financial Measures and Ratios advisory and
Section 12 Supplementary financial measures and non-GAAP financial measures and ratios in the Q1-2023 MD&A for further details.
2 Financial targets are expected to be achieved over the next year.
definity.
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