2022-23 SGI CANADA Annual Report
22. Select Operating Information
The Corporation provides property and casualty insurance directly in Saskatchewan, and through its subsidiaries,
SCISL operating in Saskatchewan, Alberta, Manitoba, Ontario and British Columbia, and Coachman operating in
Ontario. The performance of each subsidiary is reported separately to the Corporation's Board of Directors.
The product offerings vary across the jurisdictions, but all products offered are considered property and
casualty insurance.
(thousands of $)
March 31, 2023
Saskatchewan
SCISL
Coachman
Consolidation
adjustments
Total
Net premiums written
$
686,446 $
450,075 $
34,748 $
$
1,171,269
Net premiums earned
$
665,744 $
439,121 $
28,358 $
$
1,133,223
Net claims incurred
385,385
295,046
20,761
701,192
Other expenses
258,856
186,258
11,644
456,758
Underwriting income (loss)
21,503
(42,183)
(4,047)
(24,727)
Net investment earnings and other revenue
22,379
18,347
2,042
42,768
Income (loss) before income taxes
43,882
(23,836)
(2,005)
18,041
Income tax recovery
(5,910)
(496)
(6,406)
Net income (loss)
$
43,882 $
(17,926) $
(1,509) $
$
24,447
Total assets
$ 1,398,550 $
971,210 $
130,369 $
(377,751) $
2,122,378
Total liabilities
$
844,523 $
686,327 $
Shareholder's equity
$
554,027 $
284,883 $
81,148 $
49,221 $
(43,647) $
1,568,351
(334,104) $
554,027
(thousands of $)
March 31, 2022
Consolidation
Saskatchewan
SCISL
Coachman
adjustments
Total
Net premiums written
$
Net premiums earned
$
629,110 $
606,847 $
417,736 $
23,286 $
$
1,070,132
406,553 $
23,093 $
$
1,036,493
Net claims incurred
333,562
250,709
10,118
594,389
Other expenses
221,224
160,606
8,148
389,978
Underwriting income (loss)
52,061
(4,762)
4,827
52,126
Net investment earnings and other income
20,733
10,109
1,613
32,455
Income before income taxes
72,794
5,347
6,440
84,581
Income tax expense
1,188
1,621
2,809
Net income
$
72,794 $
4,159 $
Total assets
$
1,327,262 $
Total liabilities
$
797,939 $
Shareholder's equity
$
529,323 $
917,471 $
613,151 $
304,320 $
4,819 $
133,395 $
82,665 $
50,730 $
$
81,772
(395,204) $
1,982,924
(40,154) $
(355,050) $
1,453,601
529,323
2022-23 SGI CANADA Annual Report 81View entire presentation