Investor Presentation: Outperforming in the Next Decade
Page 15 | Investor Presentation
P&C industry 10-year
performance versus IFC
IFC's competitive advantages
Scale advantage
110%
Sophisticated pricing and underwriting
105%
discipline
100%
In-house claims expertise
Broker relationships
Solid investment returns
95%
90%
85%
Combined ratio
[intact]
2009 2010 2011 2012 2013 2014 2015 2016 2017 2018
CAD Industry1
10-year avg.
= 99.7%
US Industry1
10-year avg.
= 101.0%
[intact]
10-year avg.
= 95.4%
18%
16%
Strong organic growth potential
Return on equity
[intact]
230
(Base 100 =
= 2008)
210
14%
10-year avg.
190
12%
= 13.2%2
170
10%
US Industry1
8%
10-year avg.
150
6%
= 7.3%
130
Direct premiums written growth
[intact]
10-yr CAGR
= 7.6%
CAD Industry¹
10-yr CAGR
= 4.2%
US Industry1
4%
CAD Industry1
2%
10-year avg.
= 6.7%
110
10-yr CAGR
= 3.1%
90
0%
2009 2010 2011 2012 2013 2014 2015 2016 2017 2018
2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018
1 Industry data: IFC estimates based on S&P Global Market Intelligence and MSA Research excluding Lloyd's, ICBC, SGI, SAF, MPI, Genworth and IFC. All data as at Dec 31, 2018.
2 ROES reflect IFRS beginning in 2010. Since 2011, IFC's ROE is adjusted return on common shareholders' equity (AROE).View entire presentation