facility association residual arket€¦ · december 31, 2015), and changes in the selected...

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FACILITY ASSOCIATION RESIDUAL MARKET

MAY 2016 PARTICIPATION REPORT

ACTUARIAL HIGHLIGHTS

Related Bulletin: F16-051 FARM May 2016 Participation Report

Related Operating Results: Summary of Operations – Calendar Year Results

For your convenience, bookmarks have been added to this document. To view them, please click on

the BOOKMARK tab at the left.

Should you require any further information, please call Norm Seeney, Vice President, Finance &

Member Services at (416) 644-4914.

http://www.facilityassociation.com/docs/bulletin/2016/F16-051%20FARM%20-%20May%202016%20Participation%20Report.pdf

http://www.facilityassociation.com/docs/calendar_result/Calendar%20Year%20Jan-May%202016%20for%20webposting.pdf

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ACTUARIAL HIGHLIGHTS

RESIDUAL MARKET

PARTICIPATION REPORT

MAY 2016

TABLE OF CONTENTS

1 Summary ........................................................................................................................................ 3

1.1 Valuation Schedule (Fiscal Year 2016) ................................................................................. 3

1.2 New Valuation ....................................................................................................................... 3

1.2.a Valuation Results ....................................................................................................................3 1.2.b Valuation Implementation ......................................................................................................5

1.3 Appointed Actuary and Hybrid Actuarial Services Model .................................................... 8

1.4 Consideration of Recent Legal Decisions Changes in Legislation / Regulation ................... 8 1.5 Ontario FARM Bodily Injury Case Reserve summary ........................................................ 10

1.6 Current Provision Summary ................................................................................................ 12

2 Activity During the Month of May 2016 ................................................................................... 13

2.1 Recorded Premium and Claims Activity ............................................................................. 13

2.1.a Actual vs. Projected (AvsP): Earned Premium ....................................................................14 2.1.b AvsP: Recorded Indemnity ..................................................................................................15 2.1.c AvsP: Paid Indemnity ..........................................................................................................17

2.2 Actuarial Provisions ............................................................................................................. 19

3 Ultimate Loss Ratio Matching Method ..................................................................................... 21

4 Calendar Year-to-Date Results .................................................................................................. 22

5 Current Participation Report – Additional Exhibits ............................................................... 22

6 EXHIBITS ................................................................................................................................... 23

Actuarial Highlights – Residual Market

Participation Report May 2016

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1 Summary

1.1 Valuation Schedule (Fiscal Year 2016)

The May 2016 Participation Report incorporates the results of an updated valuation (as at March 31,

2016) – the impact of the implementation of the valuation is discussed in section 1.2. The table

immediately below summarizes the implemented valuations and future scheduled valuations for

fiscal year 2016.

FARM

FISCAL YEAR 2016 – SCHEDULE OF VALUATIONS

Valuation

Date

Discount

Rate

(per annum)

Participation

Report Description of Changes

Sep. 30, 2015

(completed)

0.87%

mfad: 25 bp

Oct. 2015 updated valuation (roll forward): all

jurisdictions; cash flow projections updated;

discount rate updated; no changes to selected

margins for adverse deviations (interest rate or

claims development).

Dec. 31, 2015

(completed)

0.81%

mfad: 25 bp

Mar. 2016 updated valuation: all jurisdictions; cash flow

projections updated; discount rate updated; no

changes to selected margins for adverse

deviations (interest rate or claims

development).

Mar. 31, 2016

(completed)

0.75%

mfad: 25 bp

May 2016 updated valuation (roll forward): all

jurisdictions; cash flow projections updated;

discount rate updated; no changes to selected

margins for adverse deviations (interest rate or

claims development).

Jun. 30, 2016

Aug. 2016 update valuation: includes updating claims

expense assumptions

Sep. 30, 2016

Oct. 2016 update valuation (roll forward):

Under the proposed schedule for fiscal year 2016, the “off-half” valuation quarters ending

March 31, 2016 and September 30, 2016 would not reflect a full valuation update of assumptions,

but would rather “roll-forward” key assumptions from the previous valuation. As well, all valuations

are proposed to include all jurisdictions and business segments (private passenger and non-private

passenger).

1.2 New Valuation

1.2.a Valuation Results

A valuation of the Facility Association Residual Market (“FARM”) as at March 31, 2016 has been

completed for Private Passenger and non-Private Passenger business segments and all jurisdictions

since last month’s Participation Report. The valuation was completed by the Facility Association’s

internal actuarial group in conjunction with, and approved by, the Appointed Actuary, under the

hybrid model for actuarial services. Additional detail will be provided in an “Actuarial Highlights –



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Quarterly Valuation” report to be posted to the FA website at the same time as this report.

The key results of the valuation by jurisdiction and business segment are summarized in the table

immediately below (for indemnity only), indicating an overall unfavourable prior accident year

change of $3.6 million (1.1% of the associated unpaid claims liabilities selected at

December 31, 2015), and changes in the selected accident year 2016 nominal indemnity ratios

projected to have no change at December 31, 2016 (i.e. this latter estimate is in relation to

estimated full year earned premium).

March 31, 2016 Valuation Summary (Indemnity Only)

In the above table, the columns [1] through [3] highlight the changes in prior accident years’ results.

Changes to the 2016 accident year indemnity loss ratios are summarized in columns [4] through [6].

Finally, columns [7] through [9] summarize the changes in the 2017 indemnity loss ratios.

The valuation process continues to rely on three main actuarial methodologies – the expected loss

ratio method, the loss development method1, and the Bornhuetter-Ferguson method

2. The valuation

triangles are split by business segment (i.e. private passenger3 and non-private passenger), following

1Also referred to as the chain ladder method or link ratio method.

2Three additional methodologies (Mack, Murphy, and ICRFS Cape Cod) are included as part of the valuation process but

are currently only considered for references purposes only.

3As per the Plan of Operation, the residual market business (i.e. not part of a Risk Sharing Pool or Uninsured Automobile

Fund) is segmented into “private passenger non-fleet” and “all other”. For convenience, the former is referred to as

“private passenger”.



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Member Sharing as per the Plan of Operation. The valuation triangles are directly reconcilable to

accident year / calendar year results for the FARM.

In general, the valuation data triangles are used directly in striking development factor selections by

coverage for each jurisdiction and each business segment. However, where the data is not deemed

credible or is deemed too volatile or for other considerations, development factors may be struck

using data from another jurisdiction (for example, using Alberta factors for the northern territories),

or from industry data (via the loss development triangle data available from the General Insurance

Statistical Agency (“GISA”) through the Insurance Bureau of Canada (“IBC”)).

Final selection of IBNR was made at the coverage/accident-half year level, after consideration of the

results of the three methods identified above. This is consistent with the process followed for the

prior FARM valuation.

1.2.b Valuation Implementation

The implementation impact associated with this latest valuation is summarized in the table

immediately below (total impact is unfavourable by $5.4 million, or 1.2% of the $467.3 million

total member statement policy liabilities as at the end of last month). The valuation focused

separately on nominal results for indemnity (see column [1]) and the allowed claims adjustment

expenses for excess legal and for specific professional fees ratios (see column [3]). As the

retroactive adjustments for Servicing Carrier claims fees are derived directly from accident year

indemnity ratios to earned premium, these adjustments were updated to reflect the valuation results

as well (see column [2]). Changes in nominal values will generate changes in actuarial present value

adjustments, even if the discount rate and/or margins for adverse deviation are not changed. This

valuation also saw changes to the selected discount rate (but no change to the selected

investment rate margin), and no change to the claims development margins at the jurisdiction /

business segment / coverage / accident half-year level. The total changes in actuarial present value

adjustments with the valuation implementation are shown in column [5].

Implementation Summary Table A ($000s)

The “nominal” impacts (total in column [4] of the table above) reflect changes in the selected

ultimate loss ratio (i.e. for each accident year, it is the product of life-to-date earned premium for the

accident year and the change in the selected ultimate loss ratio for indemnity and for the allowed

claims expenses for the claims liabilities; ultimate loss ratios are also taken into account in

determining the premium liabilities). Changes in selected nominal ultimate indemnity for the most

recent five prior accident years will generate changes to the retroactive claims fees adjustments to

Implementation Impact - relative to projection for month of May 2016 (negative values are favourable)

$000s

indemnityretroactive claims

fee

allowed

claims

expenses

nominal totalactuarial

present valueGrand Total

[1] [2] [3] [4] [5] [6]

prior accident years (1994-

2015)3,672 602 - 4,274 874 5,148

current accident year

claims incurred(13) 24 - 11 74 85

premium deficiency /

(DPAC)75 75 60 135

TOTAL 3,734 626 - 4,360 1,008 5,368



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Servicing Carriers (see column [2] of the table at the bottom of the previous page).

In addition to the changes in the actuarial present value adjustments directly related to the changes in

selected nominal values, indemnity payment emergence patterns were updated and cash flows were

reviewed against the selected risk-free yield curve. The selected risk-free yield curve was derived

from Government of Canada benchmark bond yields monthly series using values for March 2016

(the selected yield curve is anchored with the valuation date).

“Implementation Summary Table B” (immediately below) summarizes, by jurisdiction, the

information shown in Table A (bottom of the previous page). In relating the two tables, the total for

Table A column [4] matches the total for Table B column [17], the total for Table A column [5]

matches the sum of the total for Table B columns [18] and [19] and [20], and the total for Table A

column [6] matches the total for Table B column [21].

Implementation Summary Table B4 ($000s) (negative values are favourable)

4 Column [17] reflects the impact of changes in the valuation selected ultimates and column [18] reflects the impact of changes in

claims payment patterns (i.e. updated valuation selected ultimates with APVs based on unchanged selection of discount rates and

margins for adverse deviation). Column [19] reflects the impact of the change in the selected discount rate and column [20] reflects

the impact of any changes in selected margins for adverse deviations.

Total

Jurisdiction / Business

Segment

updated LRs &

exp

APVs @ 2016

Q1 dsct rate

updated dsct

rateupdated margins TOTAL

[17] [18] [19] [20] [21]

Ontario 4,823 368 269 - 5,460

PPV 3,597 259 131 - 3,987

Non-PPV 1,226 109 138 - 1,473

Alberta (2,562) (212) 180 - (2,594)

PPV (1,019) (97) 48 - (1,068)

Non-PPV (1,543) (115) 132 - (1,526)

Newfoundland & Labrador 458 54 94 - 606

PPV 394 58 60 - 512

Non-PPV 64 (4) 34 - 94

New Brunswick 1,162 97 48 - 1,307

PPV 1,215 87 30 - 1,332

Non-PPV (53) 10 18 - (25)

Nova Scotia 792 63 55 - 910

PPV 471 38 32 - 541

Non-PPV 321 25 23 - 369

Prince Edward Island (90) (8) 12 - (86)

PPV (40) (4) 7 - (37)

Non-PPV (50) (4) 5 - (49)

Yukon Territory (315) (33) 7 - (341)

PPV (236) (25) 5 - (256)

Non-PPV (79) (8) 2 - (85)

Northwest Terrotories 203 13 11 - 227

PPV 205 13 7 - 225

Non-PPV (2) - 4 - 2

Nunavut (111) (11) 1 - (121)

PPV (68) (7) - - (75)

Non-PPV (43) (4) 1 - (46)

Total 4,360 331 677 - 5,368



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The impact of the valuation on a nominal basis (that is, prior to actuarial present value adjustments),

is presented in Table A column [4] and Table B column [17], indicating a total unfavourable impact

of $4.4 million.

With respect to the actuarial present value adjustments prior to updating the discount rate and

margins, projected indemnity payment cash flows were updated for all jurisdictions and business

segments, using claim payment activity as at March 31, 2016 and ultimate selections from the latest

applicable valuations – these changes contributed an estimated unfavourable impact of

$0.3 million (see Table B, column [18]).

Based on updated risk-free yield rates and the updated projected cash flows, the selected discount

rate was decreased by 6 basis points from 0.81% to 0.75%, resulting in an estimated

unfavourable impact of $0.7 million (see Table B, column [19]). This impact is in line with the

$0.6 million change one would estimate through interpolation using last month’s sensitivity table

(see section 6, Exhibit “F” for examples of sensitivity to discount rate selection). Finally, the

selected margin for investment return was left unchanged at 25 basis points, and the margins

selected for claims development at the coverage / accident half-year level were also left

unchanged with this valuation, therefore generating no impact (see Table B, column [20]).

“Implementation Summary Table C” (immediately below) summarizes the valuation impact relative

to year-to-date earned premium.

Implementation Summary Table C ($000s) (negative values are favourable)

Finally, an updated projection to year-end with the new valuation assumptions is presented in

“Implementation Summary Table D” (immediately below), allowing comparison to the full year

projection included with the 2016 Final Outlook that was posted on October 28, 2015.

Implementation Summary Table D ($000s) (negative operating results are unfavourable)

Grand Total unfav / (fav) ytd EP 73,886 (actual)unfav /

(fav) IMPACT in $000s from changes in: IMPACT unfav / (fav) as % ytd EP from changes in:

IMPACT in

$000s ultimates & payout patterns dsct rate margins ultimates & payout patterns dsct rate margins ultimates

nominal apv adj. sub-tot apv adj. apv adj. TOTAL nominal apv adj. sub-tot apv adj. apv adj. TOTAL

PAYs 4,274 288 4,562 586 - 5,148 5.8% 0.4% 6.2% 0.8% - 7.0%

CAY 11 (2) 9 76 - 85 - - - 0.1% - 0.1%

Prem Def 75 45 120 15 - 135 0.1% 0.1% 0.2% - - 0.2%

TOTAL 4,360 331 4,691 677 - 5,368 5.9% 0.4% 6.3% 0.9% - 7.3%

Outlook Posted October 28, 2015 Updated Year-end Projection

Operating Result

Change due to

Valuation

$000sEarned

Premium

Operating

ResultCOR

Earned

Premium

Operating

ResultCOR

Month of

May

Year-end

2016

Ontario 45,033 2,790 94.0% 39,496 5,913 85.2% (5,460) (5,150)

Alberta 70,498 7,300 89.8% 62,026 10,127 83.8% 2,594 2,834

Newfoundland & Labrador 28,662 (3,666) 112.9% 28,173 (3,453) 112.3% (606) (691)

New Brunswick 20,601 2,010 90.4% 20,668 1,257 94.0% (1,307) (1,349)

Nova Scotia 16,312 1,584 90.4% 17,043 (968) 105.8% (910) (999)

Prince Edward Island 4,520 307 93.3% 4,823 988 79.5% 86 88

Yukon 2,163 221 89.9% 2,106 96 95.6% 341 365

Northwest Territories 5,159 1,430 72.3% 4,801 (649) 113.6% (227) (285)

Nunavut 1,631 457 72.1% 1,586 755 52.4% 121 71

TOTAL 194,579 12,432 93.7% 180,722 14,066 92.3% (5,368) (5,116)



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In total, the operating result projection to year-end has increased by $1.6 million from the Outlook

posted October 28, 2015 (to $14.1 million as shown in the table at the bottom of the prior page).

This amount is $5.1 million lower than it would have been, if not for the implementation of the

March 31, 2016 valuation. (The changes before the impact of the March 31, 2016 valuation are

attributable to mix of business and other projection assumptions outside of the valuation process, as

well as the previous valuations (2015 Q3 and 2015 Q4) implemented since the 2015 Q2 valuation

used as the basis for the 2016 Final Outlook.)

One important change relative to the 2016 Final Outlook has been the reduction in the discount rate.

Had the 2016 Final Outlook discount rate of 1.07% still been applicable, the operating result would

have been higher by $3.1 million (using the current interest rate sensitivity table). That is, the

projected Operating Result would have been approximately $17.2 million (COR of 90.5%) had the

discount rate remained at the 2016 final Outlook level.

1.3 Appointed Actuary and Hybrid Actuarial Services Model

Liam McFarlane of Ernst & Young LLP is Facility Association’s Appointed Actuary (effective as of

June 1, 2013).

Facility Association operates under a “hybrid” model in relation to the management and provision of

actuarial services. Under this model, actuarial services are performed by both Facility Association’s

internal staff and its external actuarial consulting firm. The hybrid model approach maximizes the

efficiency of resource allocation while providing access to additional expertise and capacity as

needed.

1.4 Consideration of Recent Legal Decisions Changes in Legislation / Regulation5

Consideration and assessment of potential impacts of legal decisions and changes in legislation /

regulation constitutes a regular part of the valuation process. Descriptions of some of the more

recent changes are provided below.

Ontario Bill 15 (Fighting Fraud and Reducing Automobile Insurance Rates Act, 2014) was

introduced into the Legislature by the Minister of Finance on July 15, 2014 and received Royal

Assent on November 20, 2014. Bill 15 includes various amendments and provisions such as moving

the Ontario Automobile Dispute Resolution System (DRS) for statutory accident benefits from the

Financial Services Commission of Ontario to the Ministry of the Attorney General (Licence Appeal

Tribunal), regulation of the Tow and Storage Industry (amendments to the Consumer Protection Act

and Repair and Storage Liens Act), regulations related to licensing of insurance agents and adjusters,

changes to the applicable interest rate applied to overdue payments in the Statutory Accident

Benefits Schedule (SABS), and changes to the prejudgment interest rate on general damages for

non-pecuniary loss from the rate as set out in the Courts of Justice Act to rates linked to market

conditions. With the current valuation, reform adjustments (originally introduced with the June 30,

2015 valuation) specifically related to changes in the non-pecuniary prejudgment interest provision

calculation impacting the bodily injury coverage and the applicable interest rate applied to overdue

payments in the SABS impacting the accident benefits coverage, were included with the updated

5How bills become laws in Ontario is described in detail in the publication: http://www.ontla.on.ca/lao/en/media/laointernet/pdf/bills-

and-lawmaking-background-documents/how-bills-become-law-en.pdf.

http://www.ontla.on.ca/lao/en/media/laointernet/pdf/bills-and-lawmaking-background-documents/how-bills-become-law-en.pdf

http://www.ontla.on.ca/lao/en/media/laointernet/pdf/bills-and-lawmaking-background-documents/how-bills-become-law-en.pdf



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industry trend analysis (completed using industry data as at June 30, 2015), impacting the selection

of ultimates.

Ontario Bill 91 (Building Ontario Up Act (Budget Measures), 2015) was introduced into the

Legislature by the Minister of Finance on April 23, 2015, and received Royal Assent on June 4,

2015. Bill 91 announced a number of amendments to regulations made under the Insurance Act,

including updating the Catastrophic Impairment Definition and changes to the standard benefit level

under the Statutory Accident Benefits Schedule (SABS); restrictions on insurance premium increases

and lowering of the maximum interest rate charged on monthly auto insurance premium payments;

and adjustments to the monetary threshold beyond which the tort deductible does not apply to reflect

inflation (adjustments to reflect inflation in the associated tort deductible were undertaken via an

update to regulation 461/96). On August 26, 2015, the Ontario government filed Ontario regulations

250/15 and 251/15 implementing reforms set out in Bill 91. With the current valuation, reform

adjustments (originally introduced with the September 30, 2015 valuation) specifically related to

changes in the tort threshold and deductibles impacting the bodily injury coverage and changes to

the SABS impacting the bodily injury and accident benefits coverages, were included with the

updated industry trend analysis (completed using industry data as at June 30, 2015) and nominal

valuation estimates, impacting the selection of ultimates.

Alberta Bill 39 (Enhancing Consumer Protection in Auto Insurance Act) was introduced into the

Legislature by the Minister of Finance on November 6, 2013, and received Royal Assent on

December 11, 2013. Bill 39 includes various amendments and provisions such as allowing for both

mandatory and optional auto insurance premiums to be regulated by the independent Automobile

Insurance Rate Board (AIRB), the introduction of an Insurer file and approve system for premium

adjustments instead of an annual industry-wide rate adjustment, improved access to health care after

a collision, and strengthened Insurance Company solvency requirements. No specific adjustments

have been made to the current valuation assumptions based on Bill 39.

New Brunswick Regulation 2013-37 was filed on May 7, 2013, amending Regulation 2003-20

(Injury Regulation), made under the Insurance Act. The Regulation introduced a new Part 2 that

applies to all injuries arising from motor vehicle accidents occurring on or after July 1, 2013. The

new Part 2 re-defines “minor personal injury”, raises the maximum non-pecuniary damages

recoverable by those suffering a “minor personal injury”, and sets out a process for annually

indexing the monetary cap for inflation. With the current valuation, reform adjustments (originally

introduced with the June 30, 2014 valuation) were explicitly taken into account with the updated

industry trend analysis (completed using industry data as at June 30, 2015), impacting the selection

of ultimates.

Nova Scotia Bill 86, known as the “Fair Auto Insurance Reforms” (FAIR) was introduced on

November 9, 2011. FAIR was implemented in two phases. Regulations related to FAIR Phase I

(effective April 1, 2012) were published in the Royal Gazette Part 11, on January 13, 2012. These

include provisions for enhanced mandatory benefits under Section B (these include medical,

rehabilitation, funeral, death and loss of income benefits), prohibiting premium increases if no claim

is made, assistance for volunteer Fire Departments, and periodic review of Auto Insurance Law.

FAIR Phase II (effective April 1, 2013) includes provisions for: diagnostic and treatment protocols

for minor injuries, introduction of direct compensation for property damage, and limited liability and

new priority of pay rules for rental companies. With the current valuation, reform adjustments



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(originally introduced with the June 30, 2014 valuation) were explicitly taken into account with the

updated industry trend analysis (completed using industry data as at December 31, 2014), impacting

the selection of ultimates.

Prince Edward Island Bill 46 (Minor Injury Definition, Pain and Suffering Damages Cap,

Schedule B and DCPD) was introduced into the Legislative Assembly on April 25, 2014 and

received Royal Assent on May 14, 2014. Bill 46 amends the Insurance Act, introducing enhanced

mandatory benefits under Schedule B (these include medical, rehabilitation, funeral, death and loss

of income benefits) and a new section 254.2 that applies to all injuries arising from motor vehicle

accidents occurring on or after October 1, 2014. The new section 254.2 re-defines “minor personal

injury”, raises the maximum non-pecuniary damages recoverable by those suffering a “minor

personal injury”, and sets out a process for annually indexing the monetary cap for inflation. In

addition, Bill 46 includes a new section 254.3 which implements Direct Compensation provisions

for Property Damage and has been proclaimed into force effective October 1, 2015. With the current

valuation, reform adjustments (originally introduced with the June 30, 2014 valuation) were

explicitly taken into account with the updated industry trend analysis (completed using industry data

as at December 31, 2014), impacting the selection of ultimates.

1.5 Ontario FARM Bodily Injury Case Reserve summary

As indicated in section 1.4, reform adjustments, specifically related to changes in the non-pecuniary

prejudgment interest provisions in Ontario Bill 15 and the changes in the tort threshold and

deductibles in Ontario Bill 91 impacting the third party liability - bodily injury coverage for

accident years 2015 and subsequent, was included with the updated Ontario Private Passenger

Vehicle and Commercial Vehicle industry trend analyses (completed using industry data as at June

30, 2015).

There have been two conflicting Ontario Superior Court decisions in relation to the application of

prejudgment interest provisions: Carillo v. Rizzo (April 15, 2015) and El-Khodr v. Lackie et al (July

28, 2015). In the first, the judge ruled that the change to prejudgment interest for non-pecuniary

losses6 from a set level of 5% to the level that applies to pecuniary losses applies retroactively (i.e.

applies to all open claims), whereas in the second, the judge ruled that the change applies only to

claims where notification was provided to the insurer on or after January 1, 2015. FA’s current view

is that the second judgment supersedes the first, and no adjustments have been made to the

provisions for accident years 2014 and prior as a result.

In addition to the above, there have also been multiple conflicting Ontario Superior Court decisions

in relation to the application of the changes in the tort threshold and deductibles: Cobb v. Long

Estates (November 13, 2015), Vickers v. Palacious (December 8, 2015) and Corbett v. Odorico

(March 22, 2016). In the first, the judge ruled that the changes to the tort threshold and deductibles

were substantive in nature such that the defendant was not entitled to apply the higher deductible,

whereas in the second and third, the judges concluded the deductible change is procedural on the 6Pecuniary awards are defined on the Ontario Attorney General’s website as “Damages that can be measured in money (i.e., special

damages)” with special damages further defined as “Damages intended to compensate a plaintiff for a quantifiable monetary loss.

Examples of such losses include: lost earnings, medical bills, and repair costs.” In contrast, non-pecuniary awards defined as

“Damages that cannot be measured in money, but nevertheless are compensated for with money (i.e., general damages)” with general

damages further defined as “Damages for non-monetary losses suffered by a plaintiff. These damages are not capable of exact

quantification. Examples of such losses suffered include pain, suffering, and disfigurement.”



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grounds that the cap on damages and the statutory deductible were implemented to achieve particular

policy objectives and therefore applied retroactively (i.e. applies to all open claims). FA’s current

view, consistent with the latter two judgments, is that the changes to the applicable tort threshold and

deductibles are applied on a settlement date basis. We’ve included a -1.50%7 retroactive adjustment

to Ontario third party liability - bodily injury unpaid amounts (outstanding case and selected IBNR)

using negative IBNR, impacting AY2014/2 and prior. We have applied a 50% tempering factor to

the AY2015/1 selected adjustment factor as these are settlements that are negotiated globally and

hence there may be erosion of the deductible.

Recognizing that individual members may interpret these results differently, we have included a

table below displaying the Ontario FARM Third Party Liability – Bodily Injury Case Reserves (as at

December 31, 2015) by accident year as well as projected average duration, from accident date to

projected settlement date, from the December 31, 2015 valuation paid emergence projection model.

No attempt has been made to distinguish case reserves held for pecuniary versus non-pecuniary

losses, nor in estimating the amount of prejudgment interest, if any, is included in the case reserve

estimates.

In the above table, the column “projected avg duration” is an estimate of the number of years from

7The original adjustment with the 2015 Q3 valuation was -3.00%, with the intent to reduce this by 0.75 points with each subsequent

valuation, reaching 0.00% with the 2016 Q3 valuation.



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claim occurrence8 to claim settlement, via summing the average number of years from claim

occurrence to December 31, 2015 (3rd

column) and from December 31, 2015 to settlement (4th

column).

1.6 Current Provision Summary

The charts immediately below show the current levels of indemnity only9 claims amounts booked

by accident year10

. The left chart displays life-to-date indemnity payments, case reserves, IBNR and

the total including actuarial present value adjustments against accident year earned premium. The

right chart shows the associated dollar amounts for the components of the unpaid claims liabilities

and the current projected amount of 2016 full year earned premium (the red hash-mark line) to

provide some perspective.

“M/S” refers to “Member Statement” values – that is, actuarial present value adjustments at the selected discount rate.

The current actuarial present value adjustments balance ($32.2 million – see table at the top of the

next page) represents 18% of the earned premium projected for the full year 2016 (see the upper

right corner of the right chart above). If our current estimates of the nominal claim liabilities

amounts prove to match actual claims payments, the actuarial present value adjustments will be

released into the net operating result over future periods as the associated claims are settled.

8Prejudgment interest in Ontario applies to the period from the date the claim is reported, not from the time of occurrence. We have

provided the latter to allow actuarial judgment to be applied in estimating the lag between occurrence and reporting.

9Servicing Carriers for the Residual Market are compensated via an initial claims fee paid as a percentage of earned premium. This

fee is retroactively adjusted and settled at age 72 months for each accident year based on the formula as laid out in the Plan of

Operation. The claims fee is meant to cover Servicing Carrier costs for claims management and adjudication except for certain

categories of claims expenses (first party legal and professional consulting fees as described in the Facility Association’s “Claims

Guide” manual under the “Legal & Professional Fees” section). These latter fees are reimbursable upon proof of closure of the

applicable coverage of the claim, and upon verification of eligibility.

We refer to these fees/expenses collectively as “claims fees and allowed claims expenses” and these are generally NOT included in

this discussion, although reference is made to them from time to time as deemed appropriate. The claims fees and allowed claims

expenses may be reviewed in the valuation process and any associated changes in unpaid amounts are reflected in the Participation

Report. The collective provision for the claims fees and allowed claims expenses is referred to as the “Retro Claims” provision and is

presented in Table 02b in section 2.2.

10The loss ratio chart has been limited to show the most recent 20 accident years; the unpaid provision chart has been limited to show

the most recent 20 accident years, and show all accident years older than 20 years collectively as “PRIOR”.

-

10.0%

20.0%

30.0%

40.0%

50.0%

60.0%

70.0%

80.0%

90.0%

1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016

All Jurisdictions Private Passenger & Non-Private Passenger Accident Year Loss Ratios @ May. 31, 2016

Paid Indemnity as % EP Case Reserves as % EP IBNR for Indemnity (nominal) as % EP Ultimate Indemnity (M/S) as % EP

(20)

-

20

40

60

80

100

120

140

160

180

200

PRIOR 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016

All Jurisdictions Private Passenger & Non-Private Passenger Accident Year Unpaid Claim Amounts @ May. 31, 2016

Case Reserves IBNR for Indemnity (nominal) APV Adjustment for Indemnity (M/s) proj. 2016 EP

$ millions

% proj. 2016 EP

apv adj: 18%

nominal unpaid: 182%



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The table to the left breaks down the Member

Statement (M/S) unpaid claims liabilities total

into its component parts. The first four rows of

this table reflect indemnity only as indicated,

with the majority of the unpaid in case reserves.

The unpaid claims fees and allowed claims

expenses liability is shown in the row labelled

“retro claims adj.” (see footnote 9 on page 12).

The tables immediately below summarize premium and policy liabilities.

2 Activity During the Month of May 201611

2.1 Recorded Premium and Claims Activity

The tables immediately below summarize two “views” (by jurisdiction and by accident year group)

of the extent to which premiums and claims amounts recorded during the month differ from

estimates reflected in the prior month’s Participation Report.

FARM Actual vs. Projected Summary: Recorded Indemnity Transaction Amounts ($ thousands) by

Jurisdiction

(Recorded transaction amounts exclude IBNR & other actuarial provisions)

11There may be differences between the values shown in this document and associated values in the Bulletin and / or Participation

Report, and even in tables within this document, due to rounding.

premium liabilities ($000s)

amt %

unearned prem 87,114 107.5%

prem def/(dpac) (6,408) (7.9%)

M/S apv adjust. 317 0.4%

M/S total 81,023 100.0%

policy liabilities ($000s)

amt %

claim 366,003 76.4%

premium 80,706 16.8%

M/S apv adjust. 32,534 6.8%

M/S total 479,243 100.0%

Table 01aEarned Premium Paid Indemnity Case increase / (decrease)

Recorded Indemnity

increase / (decrease)

Juris-

dictionActual

Actual less

ProjectedActual

Actual less

ProjectedActual

Actual less

ProjectedActual

Actual less

Projected

ON 3,459 (47) 1,207 (750) (1,260) (950) (53) (1,700)

AB 5,040 (411) 2,785 180 (139) 512 2,646 691

NL 2,386 (37) 2,453 1,109 (1,415) (1,662) 1,038 (553)

NB 1,725 (51) 547 (221) 712 822 1,259 601

NS 1,418 (32) 471 (60) (311) (408) 160 (468)

PE 403 (23) 102 39 (51) (51) 52 (13)

YT 172 (17) 21 (9) 28 (8) 49 (17)

NT 402 (17) 138 9 3 3 140 13

NU 129 0 24 19 17 (3) 41 16

TOTAL 15,134 (635) 7,747 315 (2,417) (1,744) 5,330 (1,429)

claim liabilities ($000s)

amt %

case 243,241 67.4%

ibnr 85,612 23.7%

M/S apv adj 32,217 8.9%

M/S indemnity 361,070 100.0%

retro claims adj. 37,150

M/S total 398,220



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FARM Actual vs. Projected Summary: Recorded Indemnity Transaction Amounts ($ thousands) by

Accident Year Group

(Recorded transaction amounts exclude IBNR & other actuarial provisions)

Claims activity varies monthly in part due to “process variance” – that is, due to the nature of the

claims reporting, recording and adjudication processes. Each month, the projection variances are

reviewed for signs of projection bias and to identify potential ways to reduce the level of the

variance.

2.1.a Actual vs. Projected (AvsP): Earned Premium

The charts immediately below show actual earned premium12

in each of the most recent 25

calendar months, along with a “prior 24-month average” to show how each month’s actual compare

with the average amount of the preceding 24 calendar months.

FARM Actual Earned Premium by Calendar Month

Earned premium changes during a given calendar month in relation to prior accident years tend to

be at modest levels (January 2015 being unusual in the left table above).

The associated variance between the actual changes and the projections from the previous month are

shown in the charts at the top of the next page. Earned premium change projections are all

attributed to the current accident year as the projection upload does not accept earned premium

changes for other accident years. We do not see this limitation as being significant for our purposes,

but it does mean that the actual less projection variance will equal the actual earned premium

change in relation to prior accident years.

12Premium is earned on a daily basis based on the transaction term measured in days. As a result, months with 31 days earned

relatively more than those with 30 days, and February earns the least.

Table 01bEarned Premium Paid Indemnity Case increase / (decrease)

Recorded Indemnity

increase / (decrease)

Accident

YearActual

Actual less

ProjectedActual

Actual less

ProjectedActual

Actual less

ProjectedActual

Actual less

Projected

Prior (4) (4) 3,442 325 (3,927) (1,387) (485) (1,062)

2014 (3) (3) 1,109 236 (932) (426) 177 (190)

2015 (10) (10) 1,177 (223) (1,211) (1,405) (34) (1,628)

2016 15,152 (617) 2,019 (23) 3,653 1,474 5,672 1,451

TOTAL 15,134 (635) 7,747 315 (2,417) (1,744) 5,330 (1,429)

All Jurisdictions, All Bus. Segments - PAYs (latest prior 24 mth avg = -5) All Jurisdictions, All Bus. Segments - CAY (latest prior 24 mth avg = 16,435)

(150)

(100)

(50)

-

50

100

150

200

May14

Jul14

Sep14

Nov14

Jan15

Mar15

May15

Jul15

Sep15

Nov15

Jan16

Mar16

May16

PAY Actual Change in Earned Premiumin $ thousands --- prior 24 mth avg

-

2,000

4,000

6,000

8,000

10,000

12,000

14,000

16,000

18,000

20,000

May14

Jul14

Sep14

Nov14

Jan15

Mar15

May15

Jul15

Sep15

Nov15

Jan16

Mar16

May16

CAY Actual Earned Premiumin $ thousands --- prior 24 mth avgprojected amount projected amount



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FARM Actual vs. Projected Summary: Earned Premium Variances by Calendar Month

Our admittedly simple approach to projecting

earned premium changes from projected

written premium levels (and uploading all

projections as current accident year (CAY)) does

not seem to be biased (ignoring the prior

accident years’ (PAYs) variances) and it does

appear to generate variances within the prior 24-

month standard deviation better than as indicated by a normal distribution (see table to the left).

That said, it is likely that some additional improvement could be achieved (particularly with respect

to reflecting the number of days in the month – February variances in particular are impacted by the

implicit assumption currently used that all months have an equal number of days for earnings). Over

time, we may consider other projection approaches to narrow monthly variance (for example, we use

a different approach for the Risk Sharing Pools which seems to perform better in magnitude,

although it does seem to show bias as well).

2.1.b AvsP: Recorded Indemnity

The charts immediately below show actual recorded indemnity activity (paid indemnity plus case

changes) in each of the most recent 25 calendar months, along with a “prior 24-month average” to

show how each month’s actual compares with the average amount of the preceding 24 calendar

months.

FARM Actual Recorded Indemnity by Calendar Month

Recorded indemnity activity variances from the previous month’s projections are shown in the

charts at the top of the next page, including the “prior 24-month standard deviation” levels.

All Jurisdictions, All Bus. Segments - PAYs (latest prior 24 mth std dev = +/-45) All Jurisdictions, All Bus. Segments - CAY (latest prior 24 mth std dev = +/-1,065)

(150)

(100)

(50)

-

50

100

150

200

May14

Jul14

Sep14

Nov14

Jan15

Mar15

May15

Jul15

Sep15

Nov15

Jan16

Mar16

May16

PAY Actual less Projected EP Chgin $ thousands --- prior 24 mth std dev

(1,500)

(1,000)

(500)

-

500

1,000

1,500

May14

Jul14

Sep14

Nov14

Jan15

Mar15

May15

Jul15

Sep15

Nov15

Jan16

Mar16

May16

CAY Actual less Projected EPin $ thousands --- prior 24 mth std dev

All Jurisdictions, All Bus. Segments - PAYs (latest prior 24 mth avg = 2,658) All Jurisdictions, All Bus. Segments - CAY (latest prior 24 mth avg = 6,392)

(4,000)

(2,000)

-

2,000

4,000

6,000

8,000

10,000

May14

Jul14

Sep14

Nov14

Jan15

Mar15

May15

Jul15

Sep15

Nov15

Jan16

Mar16

May16

PAY Actual Recordedin $ thousands --- prior 24 mth avg

-

2,000

4,000

6,000

8,000

10,000

12,000

May14

Jul14

Sep14

Nov14

Jan15

Mar15

May15

Jul15

Sep15

Nov15

Jan16

Mar16

May16

CAY Actual Recordedin $ thousands --- prior 24 mth avgprojected amount projected amount

On Latest $ thousands

Earned Premium PAYs CAY

Mthly Avg EP Chg (prior 24 mths) (5) 16,435

std dev 45 1,065

A-P <> std dev 2 4

% <> std dev 8.0% 16.0%

norm <> std dev 31.7% 31.7%



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FARM Actual vs. Projected Summary: Recorded Indemnity Variances by Calendar Month

The prior accident years (PAYs) recorded

indemnity variances (see left chart above) over

the entire period shown provides evidence of

bias (actuals tend to be lower than our

projections). This continues to be monitored,

although we have not been able to identify any

particular source of bias to-date (we project at a

more granular level – i.e. jurisdiction, business segment, and accident year). In addition, the

variances have fallen outside of the period’s standard deviation 36% of the time (see table above),

suggesting the projection process performs worse than simply projecting based on the previous 24-

month average. We continue to review to look for ways to improve the projections.

The PAY recorded indemnity variance this month was outside the one standard deviation band.

The variance was investigated at the jurisdiction and accident year level and has been attributed to

process variance.

The current accident year (CAY) recorded indemnity variances (right chart above) over the period

has not indicated a systemic bias overall (although there may be evidence of seasonality that is not

being modelled) and with monthly variances falling outside of the period standard deviation 12% of

the time, the projection process appears to perform better than simply projecting based on the

previous 24-month average.

The activity for this month was reviewed and the investigation revealed that $1 to 2 million of the

recorded activity occurring in the month related to comprehensive / specified perils claims related to

the Fort McMurray fires (we current anticipate final costs to the FARM to be less than $3 million).

As the recorded amount including fire claims are within our regular process variance, no additional

adjustments have been made to projection or valuation estimates in relation to claims related to the

Fort McMurray fires.

The method for establishing IBNR adjusts automatically for changes in earned premium and

recorded indemnity activity level (see sections 2.2 and 3).

We have included, for reference, additional charts at the top of the next page related to levels

influencing recorded indemnity activity.

All Jurisdictions, All Bus. Segments - PAYs (latest prior 24 mth std dev = +/-2,689) All Jurisdictions, All Bus. Segments - CAY (latest prior 24 mth std dev = +/-1,798)

(6,000)

(4,000)

(2,000)

-

2,000

4,000

6,000

May14

Jul14

Sep14

Nov14

Jan15

Mar15

May15

Jul15

Sep15

Nov15

Jan16

Mar16

May16

PAY Actual less Projected Recordedin $ thousands --- prior 24 mth std dev

(2,500)

(2,000)

(1,500)

(1,000)

(500)

-

500

1,000

1,500

2,000

2,500

3,000

May14

Jul14

Sep14

Nov14

Jan15

Mar15

May15

Jul15

Sep15

Nov15

Jan16

Mar16

May16

CAY Actual less Projected Recordedin $ thousands --- prior 24 mth std dev


Recorded PAYs CAY

Mthly Avg Recorded (prior 24 mths) 2,658 6,392

std dev 2,689 1,798

A-P <> std dev 9 3

% <> std dev 36.0% 12.0%

norm <> std dev 31.7% 31.7%



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FARM Levels that influence13

Recorded Indemnity by Calendar Month

We track beginning prior accident years’ IBNR as recorded indemnity activity “comes out of”

IBNR. Changes in the prior accident years’ beginning IBNR (see upper left chart within the group

of charts immediately above) occur for several possible reasons:

to offset actual recorded indemnity activity (through loss ratio matching);

the annual switchover as a current accident year becomes a prior accident year (occurs in

January); and

when a new valuation is implemented, where the valuation resulted in changes to the

selection of prior accident years’ ultimate (will show up as a beginning IBNR change one

month after the valuation is implemented, i.e. the change will generally show in April, June,

September, and November).

2.1.c AvsP: Paid Indemnity

The charts at the top of the next page show actual paid indemnity activity in each of the most recent

25 calendar months, along with a “prior 24-month average” to show how each month’s actual

compares with the average amount of the preceding 24 calendar months.

13Our recorded indemnity projections for the prior accident years are based on selected ratios of recorded indemnity to beginning

unpaid balances, whereas the current accident year projections are based on selected ratios of year-to-date IBNR to year-to-date

selected ultimate indemnity (i.e. selected LR x earned premium), deriving year-to-date recorded as selected ultimate less IBNR. In

both cases, ratio selection is based on consideration of recent recorded indemnity levels and AvsP analyses.

All Jurisdictions, All Bus. Segments - PAYs (latest prior 24 mth avg = 68,031) All Jurisdictions, All Bus. Segments - CAY (latest prior yr = 80,836)

-

10,000

20,000

30,000

40,000

50,000

60,000

70,000

80,000

90,000

100,000

May14

Jul14

Sep14

Nov14

Jan15

Mar15

May15

Jul15

Sep15

Nov15

Jan16

Mar16

May16

PAY Beginning IBNRin $ thousands --- prior 24 mth avg

-

50,000

100,000

150,000

200,000

250,000

May14

Jul14

Sep14

Nov14

Jan15

Mar15

May15

Jul15

Sep15

Nov15

Jan16

Mar16

May16

CAY Ending YTD Earned Premiumin $ thousands --- prior year YTD

All Jurisdictions, All Bus. Segments - PAYs (latest prior 24 mth avg = 3.7%) All Jurisdictions, All Bus. Segments - CAY (latest prior 24 mth avg = 8.2%)

Mthly Avg Rec'd to Beg'n IBNR (prior 24 mths)

Actual Rec'd to Beginning IBNR Ratio

(6.0%)

(4.0%)

(2.0%)

0.0%

2.0%

4.0%

6.0%

8.0%

10.0%

12.0%

May14

Jul14

Sep14

Nov14

Jan15

Mar15

May15

Jul15

Sep15

Nov15

Jan16

Mar16

May16

PAY Recorded as % of Beginning IBNR --- prior 24 mth avg

0.0%

5.0%

10.0%

15.0%

20.0%

25.0%

May14

Jul14

Sep14

Nov14

Jan15

Mar15

May15

Jul15

Sep15

Nov15

Jan16

Mar16

May16

CAY Recorded as % CAY YTD Earned Premium --- prior 24 mth avgprojected amount projected amount



of 103

FARM Actual Paid Indemnity by Calendar Month

The charts immediately below show actual less projected paid indemnity activity for the last 25

calendar months, along with bands for the “prior 24-month standard deviations” to show how the

variances from projection compare with historical standard deviations.

FARM Actual vs. Projected Summary: Paid Indemnity Variances by Calendar Month

The prior accident years (PAYs) paid indemnity

variances (left chart above) over the entire period

shown does not seem to indicate evidence of

bias. The variances have fallen outside of the

period’s standard deviation 20% of the time (see

table to the left) and as this is fewer than

indicated by the normal distribution, it suggests

the projection process performs better than simply projecting based on the previous 24-month

average.

The current accident year (CAY) paid indemnity variances have fallen outside of one standard

deviation of the preceding 24-month period approximately 12% of the time, suggesting that the

projection process performs better than simply projecting based on the prior 24-month average. As

well, there does not seem to be evidence of bias.

We have included, for reference, additional charts at the top of the next page related to levels

influencing paid indemnity activity.

All Jurisdictions, All Bus. Segments - PAYs (latest prior 24 mth avg = 7,449) All Jurisdictions, All Bus. Segments - CAY (latest prior 24 mth avg = 2,800)

-

2,000

4,000

6,000

8,000

10,000

12,000

14,000

16,000

18,000

May14

Jul14

Sep14

Nov14

Jan15

Mar15

May15

Jul15

Sep15

Nov15

Jan16

Mar16

May16

PAY Actual Paidin $ thousands --- prior 24 mth avg

-

1,000

2,000

3,000

4,000

5,000

6,000

May14

Jul14

Sep14

Nov14

Jan15

Mar15

May15

Jul15

Sep15

Nov15

Jan16

Mar16

May16

CAY Actual Paidin $ thousands --- prior 24 mth avgprojected amount projected amount

All Jurisdictions, All Bus. Segments - PAYs (latest prior 24 mth std dev = +/-2,959) All Jurisdictions, All Bus. Segments - CAY (latest prior 24 mth std dev = +/-1,132)

(6,000)

(4,000)

(2,000)

-

2,000

4,000

6,000

8,000

10,000

May14

Jul14

Sep14

Nov14

Jan15

Mar15

May15

Jul15

Sep15

Nov15

Jan16

Mar16

May16

PAY Actual less Projected Paidin $ thousands --- prior 24 mth std dev

(1,500)

(1,000)

(500)

-

500

1,000

1,500

May14

Jul14

Sep14

Nov14

Jan15

Mar15

May15

Jul15

Sep15

Nov15

Jan16

Mar16

May16

CAY Actual less Projected Paidin $ thousands --- prior 24 mth std dev


Paid PAYs CAY

Mthly Avg Paid (prior 24 mths) 7,449 2,800

std dev 2,959 1,132

A-P <> std dev 5 3

% <> std dev 20.0% 12.0%

norm <> std dev 31.7% 31.7%



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FARM Levels that influence14

Paid Indemnity by Calendar Month

We track beginning prior accident years’ unpaid balance (case and IBNR) as paid indemnity activity

“comes out of” the unpaid balance. Changes in the prior accident years’ beginning unpaid balance

(see upper left chart above) occur for several possible reasons:

to offset actual paid indemnity activity (may reduce case or IBNR or both);

the annual switchover as a current accident year becomes a prior accident year (occurs in

January); and

when a new valuation is implemented, where the valuation resulted in changes to the

selection of prior accident years’ ultimate (will show up as a beginning unpaid balance

change one month after the valuation is implemented, i.e. the change will generally show in

April, June, September, and November).

2.2 Actuarial Provisions

An “ultimate loss ratio matching method” (described in section 3) is used to determine the month’s

IBNR15

for accident years 1994 and later (IBNR is kept at $0 for accident years 1993 and earlier).

Factors are applied to the nominal unpaid claims liability (case plus IBNR – for indemnity only) to

determine the discount amount (shown as a negative value to indicate its impact of reducing the

liability) and the Provisions for Adverse Deviations.

The loss ratios and the factors used to determine the current provisions were based on the latest

14Our projections for the prior accident years are based on selected ratios of paid indemnity to beginning unpaid balances, whereas the

current accident year projections are based on selected ratios of year-to-date paid indemnity to year-to-date selected ultimate

indemnity (i.e. selected LR x earned premium). In both cases, ratio selection is based on consideration of recent paid indemnity levels

and AvsP analyses.

15For ease of discussion, “IBNR” is used in place of “provisions for incurred but not recorded (IBNR) and development”.

All Jurisdictions, All Bus. Segments - PAYs (latest prior 24 mth avg = 307,354) All Jurisdictions, All Bus. Segments - CAY (latest prior yr = 80,836)

-

50,000

100,000

150,000

200,000

250,000

300,000

350,000

400,000

May14

Jul14

Sep14

Nov14

Jan15

Mar15

May15

Jul15

Sep15

Nov15

Jan16

Mar16

May16

PAY Beginning Unpaidin $ thousands --- prior 24 mth avg

n IBNRn case

-

50,000

100,000

150,000

200,000

250,000

May14

Jul14

Sep14

Nov14

Jan15

Mar15

May15

Jul15

Sep15

Nov15

Jan16

Mar16

May16

CAY Ending YTD Earned Premiumin $ thousands --- prior year YTD

All Jurisdictions, All Bus. Segments - PAYs (latest prior 24 mth avg = 2.4%) All Jurisdictions, All Bus. Segments - CAY (latest prior 24 mth avg = 3.1%)

0.0%

1.0%

2.0%

3.0%

4.0%

5.0%

6.0%

7.0%

May14

Jul14

Sep14

Nov14

Jan15

Mar15

May15

Jul15

Sep15

Nov15

Jan16

Mar16

May16

PAY Paid as % Beginning Unpaid --- prior 24 mth avg

0.0%

1.0%

2.0%

3.0%

4.0%

5.0%

6.0%

7.0%

May14

Jul14

Sep14

Nov14

Jan15

Mar15

May15

Jul15

Sep15

Nov15

Jan16

Mar16

May16

CAY Paid as % CAY YTD Earned Premium --- prior 24 mth avgprojected amount projected amount



of 103

valuation (March 31, 2016 for all jurisdictions). The table immediately below summarizes variances

in provisions included in the May 2016 Participation Report and the associated one-month

projections from last month’s Report.

FARM Actual vs Projected Summary: IBNR and APV Amounts ($ thousands)

The IBNR provision is $4.7 million higher than projected from last month, counterbalancing the

recorded claims activity and earned premium variance impacts indicated in section 2.1, and due to

the valuation implementation.

Exhibit G shows the accident year IBNR amount change from last month to this month broken down

into:

(i) the change projected last month;

(ii) the additional change due to variances in earned premium (because we apply a loss ratio to

earned premium in determining ultimate level) and/or recorded claims (as IBNR is

calculated as ultimate less recorded) differences; and

(iii) the additional change due to valuation implementation impacts (as applicable)

The variances associated with (ii) above are discussed in sections 2.1.a and 2.1.b.

In addition to the provisions for indemnity amounts, provisions are established for certain

adjustments to Servicing Carrier claims fees and for certain reimbursable legal and professional

claims adjudication fees which we refer to as “allowed claims expenses” (see footnote 9 on page 12).

The table at the top of the next page summarizes the variances in these “Retro Claims Provisions”

included in the May 2016 Participation Report and the one-month projections from last month’s

Report. The variances reflect earned premium variances by jurisdiction, and variances in payments

for allowed claims expenses relative to projections, and due to the valuation implementation.

Table 02a actuarial present value adjustments

IBNR Discount AmountProvisions for Adverse

Deviations

IBNR + actuarial present

value adjustments

Accident

YearActual

Actual less

ProjectedActual

Actual less

ProjectedActual

Actual less

ProjectedActual

Actual less

Projected

Prior 20,148 4,699 (3,932) 190 18,908 442 35,124 5,331

2014 18,424 151 (1,050) 90 7,325 2 24,699 243

2015 28,930 1,697 (1,520) 108 9,145 46 36,555 1,851

2016 18,110 (1,802) (726) 61 4,067 (19) 21,451 (1,760)

TOTAL 85,612 4,745 (7,228) 449 39,445 471 117,829 5,665



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FARM Actual vs. Projected Summary: “Retro Claims Provision”16

and APV Amounts ($ thousands)

The table immediately below summarizes the variances in the provisions for the deferred policy

acquisition cost amounts (the FARM overall remains in a deferred asset position) included in the

May 2016 Participation Report and the one-month projections from last month’s Report. The

variances are mainly driven by the unearned premium balance variance (at the jurisdiction level) and

due to the valuation implementation.

FARM Actual vs. Projected Summary: Premium Deficiency / (DPAC) Amounts ($ thousands)

3 Ultimate Loss Ratio Matching Method

An “ultimate loss ratio matching method” continues to be applied to the current month and two

projected months shown in the Participation Reports, with IBNR determined by accident year (for

accident years 1994 and on) as follows:

(a) Earned premium to date

(b) Ultimate loss17

ratio per latest valuation

(c) Estimated ultimate incurred = (a) x (b)

(d) Recorded indemnity to date

(e) IBNR = (c) – (d)

IBNR for accident years 1993 and earlier is kept at $0. For the two projected months, IBNR was

determined in a similar way, incorporating the two-month projections of earned premiums and

recorded indemnity. Prior to actuarial present value adjustments, any expected emergence of

16“Retro Claims Provision” here refers to the provision for unpaid claims fees & allowed claims expense for Service Carriers in

managing and adjudicating claims on behalf of the Facility Association.

17“Loss” here refers to indemnity only unless otherwise noted.

Table 02b actuarial present value adjustments

Retro Claims Provision Discount AmountProvisions for Adverse

Deviations

Retro + actuarial present

value adjustments

Accident

YearActual

Actual less

ProjectedActual

Actual less

ProjectedActual

Actual less

ProjectedActual

Actual less

Projected

Prior 29,997 998 - - - - 29,997 998

2014 2,965 67 - - - - 2,965 67

2015 3,605 175 - - - - 3,605 175

2016 583 36 - - - - 583 36

TOTAL 37,150 1,276 - - - - 37,150 1,276

Table 03 Premium Deficiency /

(Deferred Policy Acquisition

Costs)

actuarial present value

adjustments

Premium Deficiency /

(DPAC) including actuarial

present value adjustments

ActualActual less

ProjectedActual

Actual less

ProjectedActual

Actual less

Projected

balance: (6,408) 116 317 65 (6,091) 181

balance as % unearned premium: (7.4%) 0.1% 0.4% 0.1% (7.0%) 0.2%

actual unearned premium: 87,114

less projected: 0



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recorded claims amounts pertaining to “prior accident years”18

during the two-month projection

period is assumed to be offset by changes in IBNR. Furthermore, the implied ultimate loss ratios

pertaining to each accident year (including the current accident year) are the same in the current

month as in the two projected months.

A similar approach is used in determining the part of the “Retro Claims Provisions” in relation to the

allowed claims expenses. That is, an ultimate “ratio” is determined akin to the “loss ratio”, and the

provision is set following a process as outlined above.

4 Calendar Year-to-Date Results

The table immediately below summarizes the calendar year-to-date results for indemnity as well as

Servicing Carrier claims fees & allowed claims expenses. In determining the ratios to earned

premium, the calendar year-to-date earned premium has been used, which includes earned premium

associated with the current accident year but also earned premium adjustments related to prior

accident years.

FARM Calendar Year-to-Date Indemnity, Claims Fees & Allowed Claims Expense Summary ($ thousands)

(“% EP” based on 2016 calendar year-to-date earned premium; ratios may not total due to rounding)

The loss ratio change year-to-date in Table 04 reflects not only changes in the prior accident year

levels, but also the increase in the calendar year-to-date earned premium with an additional month’s

earned premium, and due to the valuation implementation.

For the current accident year, changes in the year-to-date total reflect the additional month’s

exposure and regular changes to actuarial present value adjustments as the year ages, and due to the

valuation implementation.

5 Current Participation Report – Additional Exhibits

Section 6 provides exhibits pertaining to the actuarial provisions reflected in the current month’s

Participation Report.

IBNR (including actuarial present value adjustments) presented in section 6, Exhibit A, were derived

on a discounted basis, and therefore reflect the time value of money and includes explicit provisions

for adverse deviations in accordance with accepted actuarial practice in Canada.

IBNR presented in section 6, Exhibit B, does NOT include any actuarial present value adjustments.

The “Total IBNR” from this exhibit is shown in the Participation Report as “Undiscounted IBNR”.

As discussed in section 3, IBNR in the current month’s Participation Report was derived as the

difference between the estimated ultimate for the claims amount (i.e. earned premium x ultimate loss

ratio) and the associated current recorded amounts (life-to-date payments plus current case reserves).

18“Prior accident years” and the “current accident year” are defined relative to the calendar year associated with the projection period.

Table 04YTD Nominal Values

YTD actuarial present value

adjustmentYTD Total Change from Prior Month YTD

Amount % EP Amount % EP Amount % EP Amount LR pts

PAYs 1,580 2.1% (1,884) (2.5%) (304) (0.4%) 4,633 8.0%

CAY 50,581 68.5% 3,341 4.5% 53,922 73.0% 11,069 0.1%

TOTAL 52,161 70.6% 1,457 2.0% 53,618 72.6% 15,702 8.1%



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6 EXHIBITS

The exhibits listed below are provided on the pages that follow:

EXHIBIT A IBNR for Member Sharing – includes Actuarial Present Value Adjustments

EXHIBIT B IBNR

EXHIBIT C Retro Provisions

EXHIBIT D Future Expected Cost Ratios

EXHIBIT E Discount Rate & Margins for Adverse Deviations

EXHIBIT F Interest Rate Sensitivity

EXHIBIT G Components of IBNR Change During Month:

G-1 IBNR for Member Sharing – includes Actuarial Present Value

Adjustments

G-2 IBNR

EXHIBIT H Projected Year-end Policy Liabilities



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EXHIBIT A

IBNR ($s) for Member Sharing – includes Actuarial Present Value Adjustments

page 1 of 10

Please see Exhibit G-1, page 1 for Components of Change during Current Month

Jurisdiction Desc Newfoundland &

Labrador discount rate: 0.75%

AccountCode Desc IBNR Provision interest rate margin: 25 basis pts

AccountCode (All)

AccidentYear (All)

Prior Month Current Month 1st Projected 2nd Projected

Sum of Amount ShareYYMM

BusinessSegment Desc Acc Year 201604 201605 201606 201607

Private Passenger prior 29,000 32,000 31,000 30,000

2007 16,000 16,000 15,000 15,000

2008 21,000 22,000 21,000 21,000

2009 55,000 55,000 53,000 53,000

2010 (77,000) 134,000 132,000 129,000

2011 28,000 131,000 128,000 126,000

2012 693,000 676,000 662,000 641,000

2013 951,000 722,000 700,000 677,000

2014 2,257,000 2,325,000 2,248,000 2,160,000

2015 2,635,000 3,079,000 2,741,000 2,466,000

2016 1,326,000 1,809,000 2,113,000 2,400,000

Private Passenger Total 7,934,000 9,001,000 8,844,000 8,718,000

Non Private Passenger prior 4,000 4,000 4,000 4,000

2007 (275,000) (83,000) (81,000) (79,000)

2008 52,000 - - -

2009 3,000 3,000 3,000 3,000 2010 23,000 34,000 34,000 33,000

2011 249,000 258,000 251,000 246,000

2012 364,000 189,000 185,000 180,000

2013 491,000 397,000 390,000 382,000

2014 1,676,000 1,743,000 1,706,000 1,658,000

2015 1,525,000 1,420,000 1,329,000 1,167,000

2016 628,000 796,000 1,240,000 1,585,000

Non Private Passenger Total 4,740,000 4,761,000 5,061,000 5,179,000

Grand Total 12,674,000 13,762,000 13,905,000 13,897,000



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EXHIBIT A


page 2 of 10


Jurisdiction Desc New Brunswick discount rate: 0.75%


AccountCode (All)

AccidentYear (All)





2007 10,000 10,000 10,000 10,000

2008 200,000 60,000 60,000 59,000

2009 81,000 68,000 67,000 65,000

2010 (521,000) 183,000 179,000 176,000

2011 (9,000) 38,000 39,000 39,000

2012 58,000 134,000 134,000 131,000

2013 648,000 600,000 591,000 580,000

2014 1,172,000 1,386,000 1,363,000 1,332,000

2015 1,795,000 2,084,000 1,994,000 1,878,000

2016 771,000 1,210,000 1,545,000 1,885,000



2007 11,000 12,000 11,000 9,000

2008 395,000 14,000 13,000 12,000

2009 60,000 49,000 48,000 46,000 2010 152,000 66,000 61,000 57,000

2011 206,000 195,000 184,000 175,000

2012 296,000 (149,000) (127,000) (107,000)

2013 (18,000) 15,000 44,000 71,000

2014 564,000 829,000 732,000 636,000

2015 1,076,000 905,000 762,000 616,000

2016 534,000 654,000 803,000 938,000


Grand Total 7,562,000 8,445,000 8,593,000 8,687,000



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EXHIBIT A


page 3 of 10


Jurisdiction Desc Nova Scotia discount rate: 0.75%


AccountCode (All)

AccidentYear (All)





2007 24,000 75,000 74,000 74,000

2008 (38,000) (38,000) (35,000) (33,000)

2009 (157,000) (129,000) (119,000) (112,000)

2010 (40,000) 82,000 79,000 76,000

2011 31,000 20,000 21,000 21,000

2012 223,000 367,000 336,000 308,000

2013 143,000 167,000 164,000 161,000

2014 670,000 667,000 594,000 531,000

2015 875,000 1,186,000 1,067,000 940,000

2016 564,000 766,000 897,000 971,000



2007 (4,000) (4,000) (4,000) (4,000)

2008 98,000 173,000 170,000 167,000

2009 (5,000) (5,000) (5,000) (5,000) 2010 33,000 (5,000) (6,000) (7,000)

2011 (91,000) 253,000 249,000 247,000

2012 285,000 179,000 177,000 175,000

2013 409,000 375,000 370,000 366,000

2014 446,000 560,000 545,000 535,000

2015 2,181,000 2,141,000 1,956,000 1,860,000

2016 671,000 936,000 1,199,000 1,453,000


Grand Total 6,397,000 7,907,000 7,868,000 7,861,000



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EXHIBIT A


page 4 of 10


Jurisdiction Desc Prince Edward

Island discount rate: 0.75%


AccountCode (All)

AccidentYear (All)





2007 (1,000) (1,000) (1,000) (1,000)

2008 (1,000) (1,000) (1,000) (1,000)

2009 3,000 - - -

2010 102,000 29,000 28,000 28,000

2011 72,000 63,000 63,000 63,000

2012 63,000 59,000 59,000 59,000

2013 131,000 114,000 113,000 112,000

2014 274,000 272,000 270,000 268,000

2015 190,000 313,000 301,000 285,000

2016 117,000 165,000 238,000 314,000

Private Passenger Total 969,000 1,035,000 1,091,000 1,148,000

Non Private Passenger prior (1,000) (1,000) (1,000) (1,000)

2007 - - -

2008 - - -

2009 - - - 2010 - - -

2011 23,000 29,000 29,000 29,000

2012 147,000 130,000 129,000 128,000

2013 82,000 69,000 67,000 66,000

2014 223,000 208,000 205,000 204,000

2015 460,000 460,000 454,000 451,000

2016 239,000 272,000 348,000 403,000


Grand Total 2,142,000 2,202,000 2,322,000 2,428,000



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EXHIBIT A


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Jurisdiction Desc Ontario discount rate: 0.75%


AccountCode (All)

AccidentYear (All)




Private Passenger prior 1,327,000 2,380,000 2,336,000 2,295,000

2007 1,504,000 1,622,000 1,588,000 1,557,000

2008 673,000 672,000 659,000 645,000

2009 820,000 920,000 902,000 885,000

2010 (1,127,000) (775,000) (758,000) (743,000)

2011 (1,380,000) 91,000 89,000 89,000

2012 (46,000) 129,000 126,000 124,000

2013 841,000 1,761,000 1,725,000 1,703,000

2014 2,200,000 2,181,000 2,137,000 2,111,000

2015 2,896,000 2,802,000 2,687,000 2,614,000

2016 1,550,000 1,794,000 2,004,000 2,308,000



2007 (138,000) (129,000) (126,000) (125,000)

2008 177,000 114,000 111,000 110,000

2009 424,000 249,000 243,000 238,000 2010 874,000 416,000 408,000 400,000

2011 107,000 930,000 911,000 893,000

2012 797,000 1,264,000 1,238,000 1,213,000

2013 4,147,000 5,263,000 5,157,000 5,055,000

2014 6,736,000 6,529,000 6,406,000 6,286,000

2015 8,278,000 8,418,000 7,988,000 7,556,000

2016 4,153,000 5,040,000 6,014,000 6,880,000


Grand Total 35,203,000 42,084,000 42,253,000 42,494,000



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page 6 of 10


Jurisdiction Desc Alberta discount rate: 0.75%


AccountCode (All)

AccidentYear (All)





2007 16,000 (13,000) (13,000) (13,000)

2008 56,000 56,000 55,000 54,000

2009 93,000 73,000 72,000 71,000

2010 395,000 489,000 479,000 469,000

2011 1,286,000 514,000 508,000 497,000

2012 2,058,000 2,092,000 2,069,000 2,027,000

2013 2,297,000 1,961,000 1,940,000 1,903,000

2014 2,783,000 2,760,000 2,728,000 2,678,000

2015 3,199,000 3,195,000 3,158,000 2,979,000

2016 1,145,000 1,459,000 1,750,000 1,989,000


Non Private Passenger prior (53,000) 30,000 32,000 33,000

2007 91,000 94,000 89,000 85,000

2008 218,000 138,000 132,000 126,000

2009 700,000 454,000 412,000 374,000 2010 671,000 469,000 433,000 400,000

2011 1,148,000 1,344,000 1,248,000 1,162,000

2012 1,837,000 1,512,000 1,392,000 1,283,000

2013 2,950,000 2,990,000 2,871,000 2,748,000

2014 4,505,000 3,894,000 3,792,000 3,689,000

2015 9,277,000 8,527,000 8,332,000 8,109,000

2016 5,597,000 5,824,000 7,012,000 7,154,000


Grand Total 40,341,000 38,015,000 38,642,000 37,968,000



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EXHIBIT A


page 7 of 10


Jurisdiction Desc Yukon discount rate: 0.75%


AccountCode (All)

AccidentYear (All)





2007 - - -

2008 6,000 18,000 18,000 18,000

2009 28,000 22,000 22,000 22,000

2010 33,000 35,000 35,000 35,000

2011 (38,000) (55,000) (54,000) (53,000)

2012 95,000 90,000 89,000 88,000

2013 169,000 150,000 149,000 148,000

2014 350,000 219,000 216,000 214,000

2015 489,000 396,000 390,000 388,000

2016 145,000 161,000 171,000 191,000



2007 - - -

2008 2,000 2,000 2,000 2,000

2009 - - - 2010 6,000 6,000 6,000 6,000

2011 15,000 15,000 15,000 15,000

2012 26,000 25,000 25,000 25,000

2013 110,000 71,000 71,000 71,000

2014 128,000 123,000 121,000 120,000

2015 268,000 251,000 247,000 242,000

2016 189,000 229,000 244,000 255,000

Non Private Passenger Total 745,000 723,000 732,000 737,000

Grand Total 2,027,000 1,764,000 1,773,000 1,793,000



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EXHIBIT A


page 8 of 10


Jurisdiction Desc Northwest

Territories discount rate: 0.75%


AccountCode (All)

AccidentYear (All)




Private Passenger prior (2,000) (2,000) (2,000) (2,000)

2007 3,000 3,000 3,000 3,000

2008 22,000 22,000 22,000 22,000

2009 (13,000) 37,000 36,000 36,000

2010 3,000 3,000 3,000 3,000

2011 65,000 121,000 120,000 119,000

2012 179,000 167,000 166,000 165,000

2013 337,000 275,000 272,000 271,000

2014 482,000 521,000 517,000 498,000

2015 577,000 694,000 649,000 609,000

2016 117,000 163,000 204,000 251,000



2007 - - -

2008 - - -

2009 1,000 - - - 2010 1,000 1,000 1,000 1,000

2011 - - -

2012 22,000 19,000 19,000 19,000

2013 96,000 90,000 90,000 89,000

2014 223,000 221,000 220,000 219,000

2015 206,000 209,000 200,000 195,000

2016 97,000 105,000 121,000 136,000


Grand Total 2,418,000 2,651,000 2,643,000 2,636,000



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EXHIBIT A


page 9 of 10


Jurisdiction Desc Nunavut discount rate: 0.75%


AccountCode (All)

AccidentYear (All)





2007 3,000 1,000 1,000 1,000

2008 1,000 1,000 1,000 1,000

2009 1,000 - - -

2010 7,000 8,000 8,000 8,000

2011 28,000 20,000 20,000 20,000

2012 (21,000) 48,000 48,000 48,000

2013 229,000 63,000 62,000 61,000

2014 57,000 96,000 95,000 94,000

2015 246,000 246,000 230,000 222,000

2016 24,000 17,000 31,000 47,000

Private Passenger Total 573,000 498,000 494,000 500,000

Non Private Passenger prior - - -

2007 - - -

2008 - - -

2009 1,000 1,000 1,000 1,000 2010 - - -

2011 - - -

2012 23,000 19,000 19,000 19,000

2013 74,000 36,000 36,000 36,000

2014 172,000 165,000 163,000 161,000

2015 261,000 229,000 225,000 219,000

2016 (3,000) 51,000 85,000 125,000


Grand Total 1,101,000 999,000 1,023,000 1,061,000



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EXHIBIT A


page 10 of 10


Jurisdiction Desc (All) discount rate: 0.75%


AccountCode (All)

AccidentYear (All)





2007 1,575,000 1,713,000 1,677,000 1,646,000

2008 940,000 812,000 800,000 786,000

2009 911,000 1,046,000 1,033,000 1,020,000

2010 (1,225,000) 188,000 185,000 181,000

2011 83,000 943,000 934,000 921,000

2012 3,302,000 3,762,000 3,689,000 3,591,000

2013 5,746,000 5,813,000 5,716,000 5,616,000

2014 10,245,000 10,427,000 10,168,000 9,886,000

2015 12,902,000 13,995,000 13,217,000 12,381,000

2016 5,759,000 7,544,000 8,953,000 10,356,000



2007 (315,000) (110,000) (111,000) (114,000)

2008 942,000 441,000 428,000 417,000

2009 1,184,000 751,000 702,000 657,000 2010 1,760,000 987,000 937,000 890,000

2011 1,657,000 3,024,000 2,887,000 2,767,000

2012 3,797,000 3,188,000 3,057,000 2,935,000

2013 8,341,000 9,306,000 9,096,000 8,884,000

2014 14,673,000 14,272,000 13,890,000 13,508,000

2015 23,532,000 22,560,000 21,493,000 20,415,000

2016 12,105,000 13,907,000 17,066,000 18,929,000


Grand Total 109,865,000 117,829,000 119,022,000 118,825,000



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EXHIBIT B

IBNR ($s) (does not include actuarial present value adjustments)

page 1 of 10




AccountCode Desc Undiscounted

IBNR Provision interest rate margin: 0 basis pts

AccountCode (All)

AccidentYear (All)





2007 (3,000) (3,000) (3,000) (3,000)

2008 1,000 1,000 1,000 1,000

2009 (2,000) (2,000) (2,000) (2,000)

2010 (98,000) 103,000 101,000 99,000

2011 (170,000) (79,000) (77,000) (75,000)

2012 360,000 353,000 346,000 332,000

2013 466,000 287,000 278,000 264,000

2014 1,436,000 1,522,000 1,469,000 1,396,000

2015 1,798,000 2,226,000 1,948,000 1,704,000

2016 1,040,000 1,432,000 1,665,000 1,874,000



2007 (317,000) (140,000) (137,000) (134,000)

2008 48,000 - - - 2009 3,000 3,000 3,000 3,000

2010 5,000 15,000 15,000 15,000

2011 133,000 140,000 137,000 134,000

2012 98,000 (32,000) (31,000) (30,000)

2013 332,000 258,000 253,000 248,000

2014 1,307,000 1,388,000 1,360,000 1,319,000

2015 1,020,000 931,000 866,000 710,000

2016 474,000 592,000 985,000 1,279,000


Grand Total 7,921,000 8,985,000 9,167,000 9,124,000



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EXHIBIT B


page 2 of 10





AccountCode (All)

AccidentYear (All)





2007 9,000 9,000 9,000 9,000

2008 141,000 8,000 8,000 8,000

2009 63,000 50,000 49,000 48,000

2010 (531,000) 141,000 138,000 135,000

2011 (140,000) (109,000) (107,000) (105,000)

2012 (94,000) (23,000) (23,000) (23,000)

2013 384,000 334,000 327,000 317,000

2014 769,000 960,000 941,000 913,000

2015 1,329,000 1,596,000 1,516,000 1,410,000

2016 594,000 978,000 1,267,000 1,557,000


Non Private Passenger prior 2,000 2,000 - -

2007 6,000 6,000 5,000 4,000

2008 365,000 11,000 10,000 9,000 2009 22,000 11,000 10,000 9,000

2010 124,000 45,000 40,000 36,000

2011 113,000 102,000 92,000 83,000

2012 208,000 (233,000) (210,000) (189,000)

2013 (334,000) (320,000) (288,000) (259,000)

2014 398,000 640,000 544,000 452,000

2015 878,000 702,000 562,000 421,000

2016 462,000 557,000 682,000 796,000


Grand Total 4,795,000 5,494,000 5,599,000 5,658,000



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EXHIBIT B


page 3 of 10





AccountCode (All)

AccidentYear (All)





2007 (1,000) 46,000 46,000 46,000

2008 (61,000) (61,000) (58,000) (55,000)

2009 (223,000) (197,000) (187,000) (178,000)

2010 (106,000) 5,000 4,000 3,000

2011 6,000 (5,000) (4,000) (3,000)

2012 44,000 194,000 165,000 140,000

2013 (9,000) 9,000 8,000 7,000

2014 480,000 476,000 405,000 344,000

2015 639,000 925,000 814,000 692,000

2016 477,000 653,000 758,000 810,000



2007 (4,000) (4,000) (4,000) (4,000)

2008 85,000 153,000 151,000 149,000 2009 (6,000) (6,000) (6,000) (6,000)

2010 (1,000) (40,000) (40,000) (40,000)

2011 (202,000) 131,000 130,000 129,000

2012 174,000 75,000 74,000 73,000

2013 206,000 166,000 164,000 162,000

2014 188,000 285,000 271,000 266,000

2015 1,870,000 1,830,000 1,647,000 1,556,000

2016 557,000 792,000 1,022,000 1,244,000


Grand Total 4,068,000 5,433,000 5,366,000 5,341,000



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EXHIBIT B


page 4 of 10






AccountCode (All)

AccidentYear (All)





2007 (1,000) (1,000) (1,000) (1,000)

2008 (1,000) (1,000) (1,000) (1,000)

2009 3,000 - - -

2010 69,000 1,000 1,000 1,000

2011 14,000 6,000 6,000 6,000

2012 37,000 34,000 34,000 34,000

2013 109,000 94,000 93,000 92,000

2014 216,000 213,000 211,000 209,000

2015 88,000 206,000 194,000 178,000

2016 82,000 122,000 187,000 253,000



2007 - - -

2008 - - - 2009 - - -

2010 - - -

2011 6,000 11,000 11,000 11,000

2012 80,000 63,000 62,000 61,000

2013 74,000 62,000 61,000 60,000

2014 189,000 175,000 173,000 172,000

2015 408,000 408,000 402,000 400,000

2016 214,000 240,000 308,000 353,000

Non Private Passenger Total 970,000 958,000 1,016,000 1,056,000

Grand Total 1,587,000 1,633,000 1,741,000 1,828,000



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EXHIBIT B


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AccountCode (All)

AccidentYear (All)




Private Passenger prior 339,000 1,293,000 1,267,000 1,242,000

2007 1,181,000 1,277,000 1,251,000 1,226,000

2008 601,000 606,000 594,000 582,000

2009 581,000 687,000 673,000 660,000

2010 (1,381,000) (1,053,000) (1,032,000) (1,011,000)

2011 (1,465,000) (87,000) (85,000) (83,000)

2012 (539,000) (401,000) (393,000) (385,000)

2013 491,000 1,325,000 1,298,000 1,285,000

2014 1,652,000 1,619,000 1,587,000 1,571,000

2015 2,385,000 2,296,000 2,204,000 2,182,000

2016 1,355,000 1,550,000 1,715,000 1,979,000



2007 (221,000) (221,000) (217,000) (213,000)

2008 120,000 60,000 59,000 58,000 2009 298,000 134,000 131,000 128,000

2010 778,000 364,000 357,000 350,000

2011 (206,000) 547,000 536,000 525,000

2012 (3,000) 428,000 419,000 411,000

2013 2,530,000 3,540,000 3,469,000 3,400,000

2014 5,206,000 5,006,000 4,906,000 4,808,000

2015 6,662,000 6,778,000 6,371,000 5,957,000

2016 3,623,000 4,375,000 5,208,000 5,937,000


Grand Total 24,101,000 30,246,000 30,439,000 30,728,000



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AccountCode (All)

AccidentYear (All)





2007 (20,000) (14,000) (14,000) (14,000)

2008 42,000 42,000 41,000 40,000

2009 85,000 67,000 66,000 65,000

2010 201,000 299,000 293,000 287,000

2011 1,046,000 333,000 330,000 323,000

2012 1,754,000 1,799,000 1,781,000 1,745,000

2013 1,925,000 1,612,000 1,596,000 1,564,000

2014 2,294,000 2,255,000 2,232,000 2,187,000

2015 2,713,000 2,717,000 2,690,000 2,515,000

2016 978,000 1,250,000 1,506,000 1,713,000



2007 30,000 30,000 27,000 24,000

2008 105,000 28,000 25,000 22,000 2009 600,000 412,000 371,000 334,000

2010 526,000 323,000 291,000 262,000

2011 608,000 776,000 698,000 628,000

2012 1,349,000 1,052,000 947,000 852,000

2013 1,935,000 1,937,000 1,840,000 1,748,000

2014 3,447,000 2,892,000 2,805,000 2,721,000

2015 7,434,000 6,734,000 6,566,000 6,369,000

2016 4,902,000 4,957,000 5,998,000 5,999,000


Grand Total 31,883,000 29,580,000 30,172,000 29,470,000



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EXHIBIT B


page 7 of 10





AccountCode (All)

AccidentYear (All)





2007 - - -

2008 5,000 16,000 16,000 16,000

2009 26,000 20,000 20,000 20,000

2010 14,000 16,000 16,000 16,000

2011 (59,000) (74,000) (73,000) (72,000)

2012 87,000 83,000 82,000 81,000

2013 152,000 135,000 134,000 133,000

2014 315,000 196,000 193,000 191,000

2015 338,000 250,000 244,000 242,000

2016 132,000 145,000 151,000 168,000

Private Passenger Total 1,015,000 792,000 788,000 800,000


2007 - - -

2008 2,000 2,000 2,000 2,000 2009 - - -

2010 5,000 5,000 5,000 5,000

2011 14,000 14,000 14,000 14,000

2012 21,000 20,000 20,000 20,000

2013 99,000 64,000 64,000 64,000

2014 111,000 105,000 104,000 103,000

2015 195,000 180,000 176,000 172,000

2016 170,000 206,000 217,000 223,000


Grand Total 1,633,000 1,389,000 1,391,000 1,404,000



of 103

EXHIBIT B


page 8 of 10






AccountCode (All)

AccidentYear (All)





2007 3,000 3,000 3,000 3,000

2008 21,000 21,000 21,000 21,000

2009 (31,000) 14,000 14,000 14,000

2010 3,000 3,000 3,000 3,000

2011 51,000 103,000 102,000 101,000

2012 156,000 145,000 144,000 143,000

2013 296,000 240,000 238,000 236,000

2014 356,000 391,000 387,000 368,000

2015 427,000 535,000 492,000 453,000

2016 82,000 122,000 156,000 193,000



2007 - - -

2008 - - - 2009 1,000 - - -

2010 1,000 1,000 1,000 1,000

2011 - - -

2012 20,000 17,000 17,000 17,000

2013 35,000 29,000 29,000 29,000

2014 119,000 115,000 114,000 113,000

2015 185,000 185,000 176,000 171,000

2016 86,000 92,000 105,000 117,000


Grand Total 1,811,000 2,016,000 2,002,000 1,983,000



of 103

EXHIBIT B


page 9 of 10





AccountCode (All)

AccidentYear (All)





2007 3,000 1,000 1,000 1,000

2008 1,000 1,000 1,000 1,000

2009 1,000 - - -

2010 6,000 7,000 7,000 7,000

2011 25,000 18,000 18,000 18,000

2012 (24,000) 39,000 39,000 39,000

2013 208,000 57,000 56,000 55,000

2014 45,000 80,000 79,000 78,000

2015 222,000 224,000 208,000 200,000

2016 20,000 12,000 24,000 38,000



2007 - - -

2008 - - - 2009 1,000 1,000 1,000 1,000

2010 - - -

2011 - - -

2012 21,000 17,000 17,000 17,000

2013 67,000 33,000 33,000 33,000

2014 112,000 106,000 104,000 102,000

2015 236,000 207,000 203,000 197,000

2016 (13,000) 35,000 66,000 103,000


Grand Total 929,000 836,000 855,000 888,000



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EXHIBIT B


page 10 of 10





AccountCode (All)

AccidentYear (All)




Private Passenger prior 308,000 1,387,000 1,361,000 1,336,000

2007 1,171,000 1,318,000 1,292,000 1,267,000

2008 750,000 633,000 623,000 613,000

2009 503,000 639,000 633,000 627,000

2010 (1,823,000) (478,000) (469,000) (460,000)

2011 (692,000) 106,000 110,000 110,000

2012 1,781,000 2,223,000 2,175,000 2,106,000

2013 4,022,000 4,093,000 4,028,000 3,953,000

2014 7,563,000 7,712,000 7,504,000 7,257,000

2015 9,939,000 10,975,000 10,310,000 9,576,000

2016 4,760,000 6,264,000 7,429,000 8,585,000



2007 (506,000) (329,000) (326,000) (323,000)

2008 725,000 254,000 247,000 240,000 2009 919,000 555,000 510,000 469,000

2010 1,438,000 713,000 669,000 629,000

2011 466,000 1,721,000 1,618,000 1,524,000

2012 1,968,000 1,407,000 1,315,000 1,232,000

2013 4,944,000 5,769,000 5,625,000 5,485,000

2014 11,077,000 10,712,000 10,381,000 10,056,000

2015 18,888,000 17,955,000 16,969,000 15,953,000

2016 10,475,000 11,846,000 14,591,000 16,051,000


Grand Total 78,728,000 85,612,000 86,732,000 86,424,000



of 103

EXHIBIT C

Retro Claims Expense Provision ($s) for Member Statements

(actuarial present value adjustments = 0)

page 1 of 10



AccountCode Desc Retro Claims

Expense interest rate margin: 0 basis pts

AccountCode (All)

AccidentYear (All)





2007 105,000 105,000 103,000 101,000

2008 45,000 45,000 44,000 43,000

2009 114,000 92,000 91,000 90,000

2010 165,000 165,000 163,000 161,000

2011 378,000 378,000 375,000 372,000

2012 378,000 357,000 353,000 349,000

2013 261,000 261,000 256,000 251,000

2014 344,000 344,000 340,000 336,000

2015 288,000 332,000 328,000 324,000

2016 126,000 176,000 213,192 250,192



2007 44,000 44,000 43,000 42,000

2008 20,000 20,000 20,000 20,000 2009 42,000 34,000 33,000 33,000

2010 52,000 52,000 51,000 50,000

2011 108,000 108,000 107,000 106,000

2012 98,000 92,000 91,000 90,000

2013 65,000 65,000 64,000 63,000

2014 95,000 95,000 94,000 93,000

2015 86,000 99,000 98,000 97,000

2016 40,000 56,000 68,965 81,965


Grand Total 3,143,000 3,209,000 3,223,157 3,238,157



of 103

EXHIBIT C



page 2 of 10




AccountCode (All)

AccidentYear (All)





2007 130,000 130,000 126,000 122,000

2008 158,000 158,000 153,000 148,000

2009 162,000 162,000 157,000 152,000

2010 177,000 177,000 172,000 167,000

2011 269,000 283,000 276,000 269,000

2012 280,000 280,000 273,000 267,000

2013 213,000 213,000 206,000 199,000

2014 243,000 269,000 262,000 256,000

2015 226,000 251,000 245,000 239,000

2016 21,000 31,000 37,687 44,687



2007 108,000 108,000 106,000 104,000

2008 131,000 131,000 128,000 125,000 2009 135,000 135,000 132,000 129,000

2010 150,000 150,000 147,000 144,000

2011 201,000 212,000 209,000 206,000

2012 206,000 206,000 203,000 200,000

2013 150,000 150,000 147,000 144,000

2014 159,000 176,000 173,000 170,000

2015 139,000 154,000 151,000 148,000

2016 12,000 18,000 22,208 27,208


Grand Total 3,291,000 3,415,000 3,346,895 3,281,895



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EXHIBIT C



page 3 of 10




AccountCode (All)

AccidentYear (All)





2007 282,000 282,000 276,000 270,000

2008 391,000 391,000 383,000 375,000

2009 274,000 274,000 269,000 264,000

2010 198,000 198,000 194,000 190,000

2011 179,000 190,000 187,000 184,000

2012 175,000 165,000 162,000 159,000

2013 122,000 122,000 120,000 118,000

2014 96,000 104,000 102,000 100,000

2015 120,000 134,000 132,000 130,000

2016 15,000 21,000 25,073 29,073



2007 64,000 64,000 63,000 62,000

2008 116,000 116,000 114,000 112,000 2009 112,000 112,000 110,000 108,000

2010 139,000 139,000 136,000 133,000

2011 176,000 186,000 183,000 180,000

2012 194,000 183,000 180,000 177,000

2013 149,000 149,000 146,000 143,000

2014 126,000 136,000 133,000 130,000

2015 163,000 182,000 179,000 176,000

2016 20,000 28,000 34,372 40,372


Grand Total 3,715,000 3,780,000 3,722,445 3,665,445



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EXHIBIT C



page 4 of 10





AccountCode (All)

AccidentYear (All)





2007 20,000 20,000 20,000 20,000

2008 37,000 37,000 36,000 35,000

2009 32,000 32,000 31,000 30,000

2010 (2,000) (2,000) (2,000) (2,000)

2011 (1,000) (1,000) (1,000) (1,000)

2012 8,000 8,000 8,000 8,000

2013 44,000 44,000 43,000 42,000

2014 19,000 19,000 18,000 17,000

2015 38,000 43,000 42,000 41,000

2016 (2,000) (2,000) 1,598 1,598



2007 8,000 8,000 8,000 8,000

2008 19,000 19,000 19,000 19,000 2009 19,000 19,000 19,000 19,000

2010 (1,000) (1,000) (1,000) (1,000)

2011 (1,000) (1,000) (1,000) (1,000)

2012 4,000 4,000 4,000 4,000

2013 27,000 27,000 26,000 25,000

2014 11,000 11,000 10,000 9,000

2015 24,000 28,000 27,000 26,000

2016 (1,000) (1,000) 1,350 350


Grand Total 231,000 240,000 240,948 234,948



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EXHIBIT C



page 5 of 10




AccountCode (All)

AccidentYear (All)





2007 1,564,000 1,564,000 1,517,000 1,471,000

2008 1,179,000 1,176,000 1,141,000 1,107,000

2009 951,000 950,000 921,000 893,000

2010 967,000 965,000 938,000 912,000

2011 398,000 510,000 484,000 459,000

2012 1,054,000 1,081,000 1,051,000 1,022,000

2013 751,000 811,000 788,000 766,000

2014 440,000 417,000 398,000 380,000

2015 483,000 496,000 480,000 465,000

2016 95,000 114,000 135,064 159,064


Non Private Passenger prior 1,155,000 1,155,000 1,133,000 1,111,000

2007 725,000 725,000 710,000 696,000

2008 544,000 542,000 531,000 520,000 2009 539,000 539,000 528,000 517,000

2010 724,000 723,000 710,000 697,000

2011 316,000 403,000 390,000 377,000

2012 964,000 989,000 971,000 953,000

2013 1,145,000 1,236,000 1,213,000 1,190,000

2014 819,000 777,000 754,000 731,000

2015 1,076,000 1,104,000 1,081,000 1,058,000

2016 213,000 258,000 306,628 361,628


Grand Total 20,549,000 20,982,000 20,495,692 20,032,692



of 103

EXHIBIT C



page 6 of 10




AccountCode (All)

AccidentYear (All)





2007 102,000 102,000 100,000 98,000

2008 122,000 122,000 120,000 118,000

2009 102,000 102,000 100,000 98,000

2010 108,000 108,000 106,000 104,000

2011 111,000 111,000 109,000 107,000

2012 119,000 119,000 117,000 115,000

2013 110,000 110,000 108,000 106,000

2014 105,000 105,000 103,000 101,000

2015 120,000 108,000 106,000 104,000

2016 (9,000) (10,000) (14,113) (16,113)



2007 331,000 331,000 328,000 325,000

2008 426,000 426,000 422,000 418,000 2009 364,000 364,000 360,000 356,000

2010 381,000 381,000 377,000 373,000

2011 375,000 375,000 371,000 367,000

2012 436,000 434,000 430,000 426,000

2013 434,000 434,000 430,000 426,000

2014 455,000 455,000 450,000 445,000

2015 559,000 500,000 496,000 492,000

2016 (43,000) (53,000) (72,236) (84,236)


Grand Total 5,013,000 4,929,000 4,849,651 4,779,651



of 103

EXHIBIT C



page 7 of 10




AccountCode (All)

AccidentYear (All)





2007 12,000 12,000 12,000 12,000

2008 12,000 12,000 12,000 12,000

2009 8,000 8,000 8,000 8,000

2010 5,000 5,000 5,000 5,000

2011 7,000 7,000 7,000 7,000

2012 7,000 7,000 7,000 7,000

2013 4,000 2,000 2,000 2,000

2014 (6,000) (10,000) (10,000) (10,000)

2015 18,000 13,000 13,000 13,000

2016 (1,000) (2,000) (2,218) (3,218)



2007 7,000 7,000 7,000 7,000

2008 7,000 7,000 7,000 7,000 2009 7,000 7,000 7,000 7,000

2010 6,000 6,000 6,000 6,000

2011 9,000 9,000 9,000 9,000

2012 10,000 10,000 10,000 10,000

2013 6,000 3,000 3,000 3,000

2014 (8,000) (13,000) (13,000) (13,000)

2015 24,000 18,000 18,000 18,000

2016 (2,000) (3,000) (2,478) (3,478)


Grand Total 72,000 45,000 46,304 45,304



of 103

EXHIBIT C



page 8 of 10





AccountCode (All)

AccidentYear (All)





2007 24,000 24,000 24,000 24,000

2008 34,000 34,000 34,000 34,000

2009 31,000 31,000 31,000 31,000

2010 33,000 33,000 33,000 33,000

2011 34,000 34,000 34,000 34,000

2012 32,000 32,000 32,000 32,000

2013 38,000 34,000 34,000 34,000

2014 25,000 29,000 29,000 29,000

2015 90,000 98,000 98,000 98,000

2016 (22,000) (25,000) (34,151) (40,151)



2007 7,000 7,000 7,000 7,000

2008 10,000 10,000 10,000 10,000 2009 9,000 9,000 9,000 9,000

2010 11,000 11,000 11,000 11,000

2011 11,000 11,000 11,000 11,000

2012 11,000 11,000 11,000 11,000

2013 14,000 13,000 13,000 13,000

2014 9,000 10,000 10,000 10,000

2015 30,000 33,000 33,000 33,000

2016 (8,000) (9,000) (12,362) (13,362)


Grand Total 459,000 466,000 453,487 446,487



of 103

EXHIBIT C



page 9 of 10




AccountCode (All)

AccidentYear (All)




Private Passenger prior - - -

2007 3,000 3,000 3,000 3,000

2008 5,000 5,000 5,000 5,000

2009 6,000 6,000 6,000 6,000

2010 8,000 8,000 8,000 8,000

2011 9,000 9,000 9,000 9,000

2012 9,000 9,000 9,000 9,000

2013 (2,000) (12,000) (12,000) (12,000)

2014 21,000 23,000 23,000 23,000

2015 6,000 6,000 6,000 6,000

2016 (5,000) (7,000) (7,461) (9,461)



2007 2,000 2,000 2,000 2,000

2008 2,000 2,000 2,000 2,000 2009 4,000 4,000 4,000 4,000

2010 6,000 6,000 6,000 6,000

2011 6,000 6,000 6,000 6,000

2012 6,000 6,000 6,000 6,000

2013 (2,000) (9,000) (9,000) (9,000)

2014 17,000 18,000 18,000 18,000

2015 6,000 6,000 6,000 6,000

2016 (6,000) (7,000) (8,312) (9,312)


Grand Total 101,000 84,000 82,227 79,227



of 103

EXHIBIT C



page 10 of 10




AccountCode (All)

AccidentYear (All)





2007 2,242,000 2,242,000 2,181,000 2,121,000

2008 1,983,000 1,980,000 1,928,000 1,877,000

2009 1,680,000 1,657,000 1,614,000 1,572,000

2010 1,659,000 1,657,000 1,617,000 1,578,000

2011 1,384,000 1,521,000 1,480,000 1,440,000

2012 2,062,000 2,058,000 2,012,000 1,968,000

2013 1,541,000 1,585,000 1,545,000 1,506,000

2014 1,287,000 1,300,000 1,265,000 1,232,000

2015 1,389,000 1,481,000 1,450,000 1,420,000

2016 218,000 296,000 354,671 415,671


Non Private Passenger prior 1,443,000 1,443,000 1,421,000 1,399,000

2007 1,296,000 1,296,000 1,274,000 1,253,000

2008 1,275,000 1,273,000 1,253,000 1,233,000 2009 1,231,000 1,223,000 1,202,000 1,182,000

2010 1,468,000 1,467,000 1,443,000 1,419,000

2011 1,201,000 1,309,000 1,285,000 1,261,000

2012 1,929,000 1,935,000 1,906,000 1,877,000

2013 1,988,000 2,068,000 2,033,000 1,998,000

2014 1,683,000 1,665,000 1,629,000 1,593,000

2015 2,107,000 2,124,000 2,089,000 2,054,000

2016 225,000 287,000 338,135 401,135


Grand Total 36,574,000 37,150,000 36,460,806 35,803,806



of 103

EXHIBIT D

Future Expected Cost Ratios - Member Statements

Future Expected Cost Ratios – Excluding Actuarial Present Value Adjustments


Sum of MS Cost Ratio ShareYYMM

BusinessSegment Desc Jurisdiction Desc 201604 201605 201606 201607

Private Passenger Newfoundland & Labrador 84.2% 85.3% 85.3% 85.3%

New Brunswick 75.3% 76.7% 77.0% 77.4%

Nova Scotia 77.5% 78.2% 78.4% 78.4%

Prince Edward Island 63.0% 62.6% 62.4% 62.2%

Ontario 66.0% 65.8% 66.1% 66.6%

Alberta 76.1% 76.1% 76.1% 76.2%

Yukon 82.5% 82.0% 81.7% 81.7%

Northwest Territories 57.2% 60.5% 60.6% 60.6%

Nunavut 42.4% 43.5% 43.1% 43.2%

Non Private Passenger Newfoundland & Labrador 119.0% 120.2% 119.5% 118.8%

New Brunswick 63.0% 64.8% 64.8% 64.8%

Nova Scotia 71.9% 72.8% 72.6% 72.4%


Ontario 74.3% 73.9% 74.0% 74.1%

Alberta 70.9% 70.1% 70.1% 70.2%

Yukon 65.9% 65.1% 65.7% 65.5%


Nunavut 54.5% 62.0% 61.6% 60.8%

Grand Total 74.5% 74.7% 74.8% 74.8%


Sum of Future Cost Ratio ShareYYMM

BusinessSegment Desc Jurisdiction Desc 201604 201605 201606 201607

Private Passenger Newfoundland & Labrador 79.2% 80.2% 80.2% 80.2%

New Brunswick 71.2% 71.8% 72.1% 72.4%

Nova Scotia 72.5% 73.2% 73.3% 73.3%


Ontario 61.5% 61.0% 61.4% 61.8%

Alberta 71.0% 70.9% 70.9% 71.0%

Yukon 76.7% 76.3% 75.7% 76.0%


Nunavut 39.7% 40.9% 40.8% 40.6%

Non Private Passenger Newfoundland & Labrador 111.5% 112.2% 111.6% 111.0%

New Brunswick 59.8% 60.7% 60.7% 60.7%

Nova Scotia 67.2% 68.0% 67.8% 67.6%


Ontario 68.5% 67.9% 68.0% 68.2%

Alberta 66.5% 65.8% 65.9% 66.0%

Yukon 61.7% 60.9% 61.2% 61.3%


Nunavut 51.1% 58.1% 57.6% 56.5%

Grand Total 69.7% 69.8% 69.8% 69.9%



of 103

EXHIBIT E

Discount Rate & Margins for Adverse Deviations

page 1 of 9

NEWFOUNDLAND AND LABRADOR

The tables below present selected margins for adverse development by coverage (the total is a

weighted average, based on the unpaid claims projection for December 31, 2016 from the valuation),

followed by the selected discount rate and the associated margin for investment income.

Private Passenger Non-Private Passenger

Selected Margins for Adverse Development Selected Margins for Adverse Development

Accident

Year

Third Party

Liability

Accident

Benefits

Other

CoveragesTOTAL

Third Party

Liability

Accident

Benefits

Other

CoveragesTOTAL

1995 10.0% 10.0% 5.0% 10.0% 10.0% 10.0% 5.0% 10.0%

1996 10.0% 10.0% 5.0% 10.0% 10.0% 10.0% 5.0% 10.0%

1997 10.0% 10.0% 5.0% 10.0% 10.0% 10.0% 5.0% 10.0%

1998 10.0% 10.0% 5.0% 10.0% 10.0% 10.0% 5.0% 10.0%

1999 10.0% 10.0% 5.0% 10.0% 10.0% 10.0% 5.0% 10.0%

2000 10.0% 10.0% 5.0% 10.0% 10.0% 10.0% 5.0% 10.0%

2001 10.0% 10.0% 5.0% 10.0% 10.0% 10.0% 5.0% 10.0%

2002 10.0% 10.0% 5.0% 10.0% 10.0% 10.0% 5.0% 10.0%

2003 10.0% 10.0% 5.0% 10.0% 10.0% 10.0% 5.0% 10.0%

2004 10.0% 10.0% 5.0% 10.0% 10.0% 10.0% 5.0% 10.0%

2005 10.0% 10.0% 5.0% 10.0% 10.0% 10.0% 5.0% 10.0%

2006 10.0% 10.0% 5.0% 10.0% 10.0% 10.0% 5.0% 10.0%

2007 10.0% 10.0% 5.0% 10.0% 10.0% 10.0% 5.0% 10.0%

2008 10.0% 10.0% 5.0% 10.0% 10.0% 10.0% 5.0% 10.0%

2009 10.0% 10.0% 5.0% 10.0% 10.0% 10.0% 5.0% 10.0%

2010 10.0% 10.0% 5.0% 10.0% 10.0% 10.0% 5.0% 10.0%

2011 10.0% 10.0% 5.0% 10.0% 10.0% 10.0% 5.0% 10.0%

2012 10.0% 10.0% 5.0% 10.0% 10.0% 10.0% 5.0% 10.0%

2013 10.0% 10.0% 5.0% 10.0% 10.0% 10.0% 5.0% 10.0%

2014 10.0% 10.0% 5.0% 10.0% 10.0% 10.0% 5.0% 10.0%

2015 10.0% 10.0% 5.0% 10.0% 10.0% 10.0% 5.0% 10.0%

2016 10.0% 10.0% 5.0% 10.0% 10.0% 10.0% 5.0% 10.0%

prem liab 10.0% 10.0% 5.0% 8.9% 10.0% 10.0% 5.0% 9.4%

discount rate: 0.75% discount rate: 0.75%

margin (basis points): 25 margin (basis points): 25



of 103

EXHIBIT E


page 2 of 9

NEW BRUNSWICK






Accident

Year

Third Party

Liability

Accident

Benefits

Other

CoveragesTOTAL

Third Party

Liability

Accident

Benefits

Other

CoveragesTOTAL

1995 10.0% 10.0% 5.0% 10.0% 10.0% 10.0% 5.0% 10.0%

1996 10.0% 10.0% 5.0% 10.0% 10.0% 10.0% 5.0% 10.0%

1997 10.0% 10.0% 5.0% 10.0% 10.0% 10.0% 5.0% 10.0%

1998 10.0% 10.0% 5.0% 10.0% 10.0% 10.0% 5.0% 10.0%

1999 10.0% 10.0% 5.0% 10.0% 10.0% 10.0% 5.0% 10.0%

2000 10.0% 10.0% 5.0% 10.0% 10.0% 10.0% 5.0% 10.0%

2001 10.0% 10.0% 5.0% 10.0% 10.0% 10.0% 5.0% 10.0%

2002 10.0% 10.0% 5.0% 10.0% 10.0% 10.0% 5.0% 10.0%

2003 10.0% 10.0% 5.0% 10.0% 10.0% 10.0% 5.0% 10.0%

2004 10.0% 10.0% 5.0% 10.0% 10.0% 10.0% 5.0% 10.0%

2005 10.0% 10.0% 5.0% 10.0% 10.0% 10.0% 5.0% 10.0%

2006 10.0% 10.0% 5.0% 10.0% 10.0% 10.0% 5.0% 10.0%

2007 10.0% 10.0% 5.0% 10.0% 10.0% 10.0% 5.0% 10.0%

2008 10.0% 10.0% 5.0% 10.0% 10.0% 10.0% 5.0% 10.0%

2009 10.0% 10.0% 5.0% 10.0% 10.0% 10.0% 5.0% 10.0%

2010 10.0% 10.0% 5.0% 10.0% 10.0% 10.0% 5.0% 10.0%

2011 10.0% 10.0% 5.0% 10.0% 10.0% 10.0% 5.0% 10.0%

2012 10.0% 10.0% 5.0% 10.0% 10.0% 10.0% 5.0% 10.0%

2013 12.5% 10.1% 5.0% 12.1% 12.5% 10.1% 5.0% 12.1%

2014 12.5% 10.3% 5.0% 12.0% 12.5% 10.2% 5.0% 11.8%

2015 12.5% 10.0% 5.0% 11.7% 12.4% 10.2% 5.0% 11.6%

2016 12.4% 10.1% 5.0% 11.7% 12.2% 10.2% 5.0% 11.2%

prem liab 11.9% 10.0% 5.0% 10.0% 11.6% 10.1% 5.0% 10.2%





of 103

EXHIBIT E


page 3 of 9

NOVA SCOTIA






Accident

Year

Third Party

Liability

Accident

Benefits

Other

CoveragesTOTAL

Third Party

Liability

Accident

Benefits

Other

CoveragesTOTAL

1995 10.0% 10.0% 5.0% 10.0% 10.0% 10.0% 5.0% 10.0%

1996 10.0% 10.0% 5.0% 10.0% 10.0% 10.0% 5.0% 10.0%

1997 10.0% 10.0% 5.0% 10.0% 10.0% 10.0% 5.0% 10.0%

1998 10.0% 10.0% 5.0% 10.0% 10.0% 10.0% 5.0% 10.0%

1999 10.0% 10.0% 5.0% 10.0% 10.0% 10.0% 5.0% 10.0%

2000 10.0% 10.0% 5.0% 10.0% 10.0% 10.0% 5.0% 10.0%

2001 10.0% 10.0% 5.0% 10.0% 10.0% 10.0% 5.0% 10.0%

2002 10.0% 10.0% 5.0% 10.0% 10.0% 10.0% 5.0% 10.0%

2003 10.0% 10.0% 5.0% 10.0% 10.0% 10.0% 5.0% 10.0%

2004 10.0% 10.0% 5.0% 10.0% 10.0% 10.0% 5.0% 10.0%

2005 10.0% 10.0% 5.0% 10.0% 10.0% 10.0% 5.0% 10.0%

2006 10.0% 10.0% 5.0% 10.0% 10.0% 10.0% 5.0% 10.0%

2007 10.0% 10.0% 5.0% 10.0% 10.0% 10.0% 5.0% 10.0%

2008 10.0% 10.0% 5.0% 10.0% 10.0% 10.0% 5.0% 10.0%

2009 10.0% 10.0% 5.0% 10.0% 10.0% 10.0% 5.0% 10.0%

2010 10.0% 10.0% 5.0% 10.0% 10.0% 10.0% 5.0% 10.0%

2011 10.0% 10.0% 5.0% 10.0% 10.0% 10.0% 5.0% 10.0%

2012 12.5% 10.0% 5.0% 12.0% 12.5% 10.1% 5.0% 11.4%

2013 12.5% 10.1% 5.0% 12.2% 12.5% 10.1% 5.0% 12.0%

2014 12.5% 10.0% 5.0% 11.9% 12.5% 10.2% 5.0% 11.7%

2015 12.5% 10.1% 5.0% 12.0% 12.5% 10.3% 5.0% 11.8%

2016 12.3% 10.1% 5.0% 11.7% 12.2% 10.2% 5.0% 11.4%

prem liab 11.8% 10.0% 5.0% 10.1% 11.5% 10.2% 5.0% 10.3%





of 103

EXHIBIT E


page 4 of 9

PRINCE EDWARD ISLAND






Accident

Year

Third Party

Liability

Accident

Benefits

Other

CoveragesTOTAL

Third Party

Liability

Accident

Benefits

Other

CoveragesTOTAL

1995 10.0% 10.0% 5.0% 10.0% 10.0% 10.0% 5.0% 10.0%

1996 10.0% 10.0% 5.0% 10.0% 10.0% 10.0% 5.0% 10.0%

1997 10.0% 10.0% 5.0% 10.0% 10.0% 10.0% 5.0% 10.0%

1998 10.0% 10.0% 5.0% 10.0% 10.0% 10.0% 5.0% 10.0%

1999 10.0% 10.0% 5.0% 10.0% 10.0% 10.0% 5.0% 10.0%

2000 10.0% 10.0% 5.0% 10.0% 10.0% 10.0% 5.0% 10.0%

2001 10.0% 10.0% 5.0% 10.0% 10.0% 10.0% 5.0% 10.0%

2002 10.0% 10.0% 5.0% 10.0% 10.0% 10.0% 5.0% 10.0%

2003 10.0% 10.0% 5.0% 10.0% 10.0% 10.0% 5.0% 10.0%

2004 10.0% 10.0% 5.0% 10.0% 10.0% 10.0% 5.0% 10.0%

2005 10.0% 10.0% 5.0% 10.0% 10.0% 10.0% 5.0% 10.0%

2006 10.0% 10.0% 5.0% 10.0% 10.0% 10.0% 5.0% 10.0%

2007 10.0% 10.0% 5.0% 10.0% 10.0% 10.0% 5.0% 10.0%

2008 10.0% 10.0% 5.0% 10.0% 10.0% 10.0% 5.0% 10.0%

2009 10.0% 10.0% 5.0% 10.0% 10.0% 10.0% 5.0% 10.0%

2010 10.0% 10.0% 5.0% 10.0% 10.0% 10.0% 5.0% 10.0%

2011 10.0% 10.0% 5.0% 10.0% 10.0% 10.0% 5.0% 10.0%

2012 10.0% 10.0% 5.0% 10.0% 10.0% 10.0% 5.0% 10.0%

2013 10.0% 10.0% 5.0% 10.0% 10.0% 10.0% 5.0% 10.0%

2014 12.5% 10.4% 5.0% 12.4% 12.5% 10.3% 5.0% 11.7%

2015 12.5% 10.1% 5.0% 12.1% 12.5% 10.3% 5.0% 11.3%

2016 12.2% 10.2% 5.0% 12.1% 12.1% 10.3% 5.0% 11.4%

prem liab 11.9% 10.0% 5.0% 10.9% 11.7% 10.2% 5.0% 10.7%





of 103

EXHIBIT E


page 5 of 9

ONTARIO






Accident

Year

Third Party

Liability

Accident

Benefits

Other

CoveragesTOTAL

Third Party

Liability

Accident

Benefits

Other

CoveragesTOTAL

1995 10.0% 10.0% 10.0% 10.0% 10.0% 10.0% 10.0% 10.0%

1996 10.0% 10.0% 10.0% 10.0% 10.0% 10.0% 10.0% 10.0%

1997 10.0% 10.0% 10.0% 10.0% 10.0% 10.0% 10.0% 10.0%

1998 10.0% 10.0% 10.0% 10.0% 10.0% 10.0% 10.0% 10.0%

1999 10.0% 10.0% 10.0% 10.0% 10.0% 10.0% 10.0% 10.0%

2000 10.0% 10.0% 10.0% 10.0% 10.0% 10.0% 10.0% 10.0%

2001 10.0% 10.0% 10.0% 10.0% 10.0% 10.0% 10.0% 10.0%

2002 10.0% 10.0% 10.0% 10.0% 10.0% 10.0% 10.0% 10.0%

2003 10.0% 10.0% 10.0% 10.0% 10.0% 10.0% 10.0% 10.0%

2004 10.0% 10.0% 10.0% 10.0% 10.0% 10.0% 10.0% 10.0%

2005 10.0% 10.0% 10.0% 10.0% 10.0% 10.0% 10.0% 10.0%

2006 10.0% 10.0% 10.0% 10.0% 10.0% 10.0% 10.0% 10.0%

2007 10.0% 10.0% 10.0% 10.0% 10.0% 10.0% 10.0% 10.0%

2008 10.0% 10.0% 10.0% 10.0% 10.0% 10.0% 10.0% 10.0%

2009 10.0% 10.0% 10.0% 10.0% 10.0% 10.0% 10.0% 10.0%

2010 10.0% 10.0% 10.0% 10.0% 10.0% 10.0% 10.0% 10.0%

2011 8.7% 10.0% 10.0% 9.8% 10.0% 10.0% 10.0% 10.0%

2012 12.5% 12.5% 12.1% 12.5% 12.5% 12.5% 12.5% 12.5%

2013 12.2% 12.5% 11.5% 12.3% 12.4% 12.5% 5.0% 12.4%

2014 14.9% 15.0% 9.9% 14.9% 15.0% 15.0% 14.0% 15.0%

2015 14.9% 15.0% 9.3% 14.9% 14.9% 15.0% 11.2% 14.9%

2016 14.6% 15.0% 6.8% 14.5% 14.4% 15.0% 8.3% 14.5%

prem liab 12.2% 15.0% 5.2% 11.9% 13.7% 15.0% 5.8% 13.5%





of 103

EXHIBIT E


page 6 of 9

ALBERTA






Accident

Year

Third Party

Liability

Accident

Benefits

Other

CoveragesTOTAL

Third Party

Liability

Accident

Benefits

Other

CoveragesTOTAL

1995 10.0% 10.0% 5.0% 10.0% 10.0% 10.0% 5.0% 10.0%

1996 10.0% 10.0% 5.0% 10.0% 10.0% 10.0% 5.0% 10.0%

1997 10.0% 10.0% 5.0% 10.0% 10.0% 10.0% 5.0% 10.0%

1998 10.0% 10.0% 5.0% 10.0% 10.0% 10.0% 5.0% 10.0%

1999 10.0% 10.0% 5.0% 10.0% 10.0% 10.0% 5.0% 10.0%

2000 10.0% 10.0% 5.0% 10.0% 10.0% 10.0% 5.0% 10.0%

2001 10.0% 10.0% 5.0% 10.0% 10.0% 10.0% 5.0% 10.0%

2002 10.0% 10.0% 5.0% 10.0% 10.0% 10.0% 5.0% 10.0%

2003 10.0% 10.0% 5.0% 10.0% 10.0% 10.0% 5.0% 10.0%

2004 10.0% 10.0% 5.0% 10.0% 10.0% 10.0% 5.0% 10.0%

2005 10.0% 10.0% 5.0% 10.0% 10.0% 10.0% 5.0% 10.0%

2006 10.0% 10.0% 5.0% 10.0% 10.0% 10.0% 5.0% 10.0%

2007 10.0% 10.0% 5.0% 10.0% 10.0% 10.0% 5.0% 10.0%

2008 10.0% 10.0% 5.0% 10.0% 10.0% 10.0% 5.0% 10.0%

2009 10.0% 10.0% 5.0% 10.0% 10.0% 10.0% 5.0% 10.0%

2010 10.0% 10.0% 5.0% 10.0% 10.0% 10.0% 5.0% 10.0%

2011 10.0% 10.0% 5.0% 10.0% 10.0% 10.0% 5.0% 10.0%

2012 10.0% 10.0% 5.0% 10.0% 10.0% 10.0% 5.0% 10.0%

2013 12.5% 11.9% 5.0% 12.5% 12.5% 10.2% 5.0% 12.3%

2014 12.5% 10.9% 5.0% 12.5% 12.4% 10.7% 5.0% 12.4%

2015 12.5% 10.5% 5.0% 12.4% 12.4% 10.7% 5.0% 12.3%

2016 12.2% 10.3% 5.0% 12.0% 11.8% 10.5% 5.0% 10.9%

prem liab 12.0% 10.1% 5.0% 10.5% 11.7% 10.3% 5.0% 9.0%





of 103

EXHIBIT E


page 7 of 9

YUKON






Accident

Year

Third Party

Liability

Accident

Benefits

Other

CoveragesTOTAL

Third Party

Liability

Accident

Benefits

Other

CoveragesTOTAL

1995 10.0% 10.0% 5.0% 10.0% 10.0% 10.0% 5.0% 10.0%

1996 10.0% 10.0% 5.0% 10.0% 10.0% 10.0% 5.0% 10.0%

1997 10.0% 10.0% 5.0% 10.0% 10.0% 10.0% 5.0% 10.0%

1998 10.0% 10.0% 5.0% 10.0% 10.0% 10.0% 5.0% 10.0%

1999 10.0% 10.0% 5.0% 10.0% 10.0% 10.0% 5.0% 10.0%

2000 10.0% 10.0% 5.0% 10.0% 10.0% 10.0% 5.0% 10.0%

2001 10.0% 10.0% 5.0% 10.0% 10.0% 10.0% 5.0% 10.0%

2002 10.0% 10.0% 5.0% 10.0% 10.0% 10.0% 5.0% 10.0%

2003 10.0% 10.0% 5.0% 10.0% 10.0% 10.0% 5.0% 10.0%

2004 10.0% 10.0% 5.0% 10.0% 10.0% 10.0% 5.0% 10.0%

2005 10.0% 10.0% 5.0% 10.0% 10.0% 10.0% 5.0% 10.0%

2006 10.0% 10.0% 5.0% 10.0% 10.0% 10.0% 5.0% 10.0%

2007 10.0% 10.0% 5.0% 10.0% 10.0% 10.0% 5.0% 10.0%

2008 10.0% 10.0% 5.0% 10.0% 10.0% 10.0% 5.0% 10.0%

2009 10.0% 10.0% 5.0% 10.0% 10.0% 10.0% 5.0% 10.0%

2010 10.0% 10.0% 5.0% 10.0% 10.0% 10.0% 5.0% 10.0%

2011 10.0% 10.0% 5.0% 10.0% 10.0% 10.0% 5.0% 10.0%

2012 10.0% 10.0% 5.0% 10.0% 10.0% 10.0% 5.0% 10.0%

2013 12.5% 10.0% 5.0% 12.5% 12.5% 12.5% 5.0% 12.5%

2014 12.5% 11.4% 5.0% 12.3% 12.4% 11.6% 5.0% 12.1%

2015 12.5% 10.9% 5.0% 12.5% 12.3% 12.4% 5.0% 12.3%

2016 12.2% 10.9% 5.0% 12.2% 11.5% 11.3% 5.0% 11.0%

prem liab 12.3% 10.4% 5.0% 11.5% 11.2% 10.6% 5.0% 10.3%





of 103

EXHIBIT E


page 8 of 9

NORTHWEST TERRITORIES






Accident

Year

Third Party

Liability

Accident

Benefits

Other

CoveragesTOTAL

Third Party

Liability

Accident

Benefits

Other

CoveragesTOTAL

1995 10.0% 10.0% 5.0% 10.0% 10.0% 10.0% 5.0% 10.0%

1996 10.0% 10.0% 5.0% 10.0% 10.0% 10.0% 5.0% 10.0%

1997 10.0% 10.0% 5.0% 10.0% 10.0% 10.0% 5.0% 10.0%

1998 10.0% 10.0% 5.0% 10.0% 10.0% 10.0% 5.0% 10.0%

1999 10.0% 10.0% 5.0% 10.0% 10.0% 10.0% 5.0% 10.0%

2000 10.0% 10.0% 5.0% 10.0% 10.0% 10.0% 5.0% 10.0%

2001 10.0% 10.0% 5.0% 10.0% 10.0% 10.0% 5.0% 10.0%

2002 10.0% 10.0% 5.0% 10.0% 10.0% 10.0% 5.0% 10.0%

2003 10.0% 10.0% 5.0% 10.0% 10.0% 10.0% 5.0% 10.0%

2004 10.0% 10.0% 5.0% 10.0% 10.0% 10.0% 5.0% 10.0%

2005 10.0% 10.0% 5.0% 10.0% 10.0% 10.0% 5.0% 10.0%

2006 10.0% 10.0% 5.0% 10.0% 10.0% 10.0% 5.0% 10.0%

2007 10.0% 10.0% 5.0% 10.0% 10.0% 10.0% 5.0% 10.0%

2008 10.0% 10.0% 5.0% 10.0% 10.0% 10.0% 5.0% 10.0%

2009 10.0% 10.0% 5.0% 10.0% 10.0% 10.0% 5.0% 10.0%

2010 10.0% 10.0% 5.0% 10.0% 10.0% 10.0% 5.0% 10.0%

2011 10.0% 10.0% 5.0% 10.0% 10.0% 10.0% 5.0% 10.0%

2012 10.0% 10.0% 5.0% 10.0% 10.0% 10.0% 5.0% 10.0%

2013 12.5% 11.2% 5.0% 12.4% 12.5% 12.5% 5.0% 12.5%

2014 12.5% 12.0% 5.0% 12.4% 12.5% 11.3% 5.0% 11.9%

2015 12.5% 11.3% 5.0% 12.3% 12.3% 11.4% 5.0% 12.2%

2016 12.1% 11.4% 5.0% 12.1% 12.0% 11.2% 5.0% 11.0%

prem liab 12.2% 10.5% 5.0% 10.8% 11.8% 11.0% 5.0% 8.8%





of 103

EXHIBIT E


page 9 of 9

NUNAVUT






Accident

Year

Third Party

Liability

Accident

Benefits

Other

CoveragesTOTAL

Third Party

Liability

Accident

Benefits

Other

CoveragesTOTAL

1999 10.0% 10.0% 5.0% 10.0% 10.0% 10.0% 5.0% 10.0%

2000 10.0% 10.0% 5.0% 10.0% 10.0% 10.0% 5.0% 10.0%

2001 10.0% 10.0% 5.0% 10.0% 10.0% 10.0% 5.0% 10.0%

2002 10.0% 10.0% 5.0% 10.0% 10.0% 10.0% 5.0% 10.0%

2003 10.0% 10.0% 5.0% 10.0% 10.0% 10.0% 5.0% 10.0%

2004 10.0% 10.0% 5.0% 10.0% 10.0% 10.0% 5.0% 10.0%

2005 10.0% 10.0% 5.0% 10.0% 10.0% 10.0% 5.0% 10.0%

2006 10.0% 10.0% 5.0% 10.0% 10.0% 10.0% 5.0% 10.0%

2007 10.0% 10.0% 5.0% 10.0% 10.0% 10.0% 5.0% 10.0%

2008 10.0% 10.0% 5.0% 10.0% 10.0% 10.0% 5.0% 10.0%

2009 10.0% 10.0% 5.0% 10.0% 10.0% 10.0% 5.0% 10.0%

2010 10.0% 10.0% 5.0% 10.0% 10.0% 10.0% 5.0% 10.0%

2011 10.0% 10.0% 5.0% 10.0% 10.0% 10.0% 5.0% 10.0%

2012 10.0% 10.0% 5.0% 10.0% 10.0% 10.0% 5.0% 10.0%

2013 12.5% 12.5% 5.0% 12.5% 12.5% 10.0% 5.0% 12.4%

2014 12.5% 11.8% 5.0% 11.5% 10.3% 11.0% 5.0% 10.1%

2015 12.4% 11.7% 5.0% 11.6% 12.5% 11.4% 5.0% 12.2%

2016 12.3% 11.4% 5.0% 12.2% 12.2% 11.1% 5.0% 11.8%

prem liab 12.0% 11.0% 5.0% 10.4% 12.3% 10.9% 5.0% 10.6%





of 103

EXHIBIT F

Interest Rate Sensitivity ($000s)

page 1 of 10

As projected from the latest valuation to December 31, 2016.

NEWFOUNDLAND AND LABRADOR

Amounts in $000s

Actuarial Present Value of Provisions at Various Discount Rates - Dec. 31, 2016 projected Unpaid

AY 0.25% 0.75% 1.25% 1.75% 2.25% 2.75% 0.81% 0.87%

2002 & prior - - - - - - - -

2003 - - - - - - - -

2004 677 656 636 617 599 581 654 651

2005 5 5 5 5 5 5 5 5

2006 - - - - - - - -

2007 666 649 632 615 600 585 646 644

2008 131 130 129 128 127 127 130 130

2009 593 587 581 576 570 565 587 586

2010 436 431 427 422 418 414 431 430

2011 2,991 2,960 2,930 2,900 2,871 2,844 2,956 2,953

2012 5,027 4,975 4,924 4,875 4,829 4,783 4,969 4,963

2013 5,757 5,699 5,643 5,589 5,537 5,485 5,692 5,686

2014 11,242 11,127 11,016 10,908 10,802 10,699 11,113 11,099

2015 14,113 13,955 13,804 13,655 13,510 13,369 13,937 13,919

2016 17,559 17,337 17,120 16,909 16,704 16,502 17,311 17,284

Total 59,197 58,511 57,847 57,199 56,572 55,959 58,431 58,350

curr - 50 bp curr val curr + 50bp curr + 100bp curr + 150bp curr + 200bp prior val prior fyr end

assumption assumption assumption

Amounts in

Dollar Impact Relative to Valuation Assumption

AY 0.25% 0.75% 1.25% 1.75% 2.25% 2.75% 0.81% 0.87%

Total 686 - (664) (1,312) (1,939) (2,552) (80) (161)



Amounts in

Percentage Impact Relative to Valuation Assumption

AY 0.25% 0.75% 1.25% 1.75% 2.25% 2.75% 0.81% 0.87%

2002 & prior - - - - - - - -

2003 - - - - - - - -

2004 3.2% - (3.0%) (5.9%) (8.7%) (11.4%) (0.3%) (0.8%)

2005 - - - - - - - -

2006 - - - - - - - -

2007 2.6% - (2.6%) (5.2%) (7.6%) (9.9%) (0.5%) (0.8%)

2008 0.8% - (0.8%) (1.5%) (2.3%) (2.3%) - -

2009 1.0% - (1.0%) (1.9%) (2.9%) (3.7%) - (0.2%)

2010 1.2% - (0.9%) (2.1%) (3.0%) (3.9%) - (0.2%)

2011 1.0% - (1.0%) (2.0%) (3.0%) (3.9%) (0.1%) (0.2%)

2012 1.0% - (1.0%) (2.0%) (2.9%) (3.9%) (0.1%) (0.2%)

2013 1.0% - (1.0%) (1.9%) (2.8%) (3.8%) (0.1%) (0.2%)

2014 1.0% - (1.0%) (2.0%) (2.9%) (3.8%) (0.1%) (0.3%)

2015 1.1% - (1.1%) (2.1%) (3.2%) (4.2%) (0.1%) (0.3%)

2016 1.3% - (1.3%) (2.5%) (3.7%) (4.8%) (0.1%) (0.3%)

Total 1.2% - (1.1%) (2.2%) (3.3%) (4.4%) (0.1%) (0.3%)





of 103

EXHIBIT F


page 2 of 10


NEW BRUNSWICK

Amounts in $000s


AY 0.25% 0.75% 1.25% 1.75% 2.25% 2.75% 0.81% 0.87%

2002 & prior - - - - - - - -

2003 193 192 191 190 189 188 192 192

2004 - - - - - - - -

2005 144 139 135 130 126 122 139 139

2006 193 189 184 181 177 173 188 188

2007 53 52 50 48 47 45 51 51

2008 230 226 223 221 219 217 226 226

2009 444 438 431 424 418 412 437 436

2010 534 529 524 518 512 507 528 528

2011 1,949 1,930 1,912 1,895 1,876 1,860 1,928 1,926

2012 2,041 2,021 2,001 1,983 1,963 1,946 2,018 2,017

2013 4,751 4,703 4,657 4,612 4,567 4,524 4,698 4,691

2014 5,745 5,681 5,619 5,557 5,498 5,440 5,674 5,666

2015 6,777 6,684 6,595 6,507 6,423 6,340 6,673 6,662

2016 8,066 7,942 7,823 7,706 7,593 7,484 7,927 7,913

Total 31,120 30,726 30,345 29,972 29,608 29,258 30,679 30,635



Amounts in


AY 0.25% 0.75% 1.25% 1.75% 2.25% 2.75% 0.81% 0.87%

Total 394 - (381) (754) (1,118) (1,468) (47) (91)



Amounts in


AY 0.25% 0.75% 1.25% 1.75% 2.25% 2.75% 0.81% 0.87%

2002 & prior - - - - - - - -

2003 0.5% - (0.5%) (1.0%) (1.6%) (2.1%) - -

2004 - - - - - - - -

2005 3.6% - (2.9%) (6.5%) (9.4%) (12.2%) - -

2006 2.1% - (2.6%) (4.2%) (6.3%) (8.5%) (0.5%) (0.5%)

2007 1.9% - (3.8%) (7.7%) (9.6%) (13.5%) (1.9%) (1.9%)

2008 1.8% - (1.3%) (2.2%) (3.1%) (4.0%) - -

2009 1.4% - (1.6%) (3.2%) (4.6%) (5.9%) (0.2%) (0.5%)

2010 0.9% - (0.9%) (2.1%) (3.2%) (4.2%) (0.2%) (0.2%)

2011 1.0% - (0.9%) (1.8%) (2.8%) (3.6%) (0.1%) (0.2%)

2012 1.0% - (1.0%) (1.9%) (2.9%) (3.7%) (0.1%) (0.2%)

2013 1.0% - (1.0%) (1.9%) (2.9%) (3.8%) (0.1%) (0.3%)

2014 1.1% - (1.1%) (2.2%) (3.2%) (4.2%) (0.1%) (0.3%)

2015 1.4% - (1.3%) (2.6%) (3.9%) (5.1%) (0.2%) (0.3%)

2016 1.6% - (1.5%) (3.0%) (4.4%) (5.8%) (0.2%) (0.4%)

Total 1.3% - (1.2%) (2.5%) (3.6%) (4.8%) (0.2%) (0.3%)





of 103

EXHIBIT F


page 3 of 10


NOVA SCOTIA

Amounts in $000s


AY 0.25% 0.75% 1.25% 1.75% 2.25% 2.75% 0.81% 0.87%

2002 & prior - - - - - - - -

2003 - - - - - - - -

2004 511 495 480 466 452 439 493 492

2005 468 453 439 425 412 400 451 450

2006 1,049 1,017 987 958 930 904 1,014 1,009

2007 306 297 289 280 272 265 296 295

2008 440 426 415 403 392 382 425 424

2009 617 608 600 592 584 577 607 606

2010 947 934 921 908 897 885 932 931

2011 1,576 1,556 1,537 1,519 1,501 1,485 1,554 1,552

2012 2,491 2,460 2,427 2,397 2,368 2,340 2,455 2,451

2013 3,103 3,060 3,018 2,977 2,938 2,900 3,054 3,049

2014 4,074 4,015 3,958 3,903 3,849 3,797 4,007 4,000

2015 5,297 5,216 5,138 5,064 4,992 4,922 5,206 5,198

2016 7,236 7,124 7,017 6,913 6,813 6,717 7,111 7,098

Total 28,115 27,661 27,226 26,805 26,400 26,013 27,605 27,555



Amounts in


AY 0.25% 0.75% 1.25% 1.75% 2.25% 2.75% 0.81% 0.87%

Total 454 - (435) (856) (1,261) (1,648) (56) (106)



Amounts in


AY 0.25% 0.75% 1.25% 1.75% 2.25% 2.75% 0.81% 0.87%

2002 & prior - - - - - - - -

2003 - - - - - - - -

2004 3.2% - (3.0%) (5.9%) (8.7%) (11.3%) (0.4%) (0.6%)

2005 3.3% - (3.1%) (6.2%) (9.1%) (11.7%) (0.4%) (0.7%)

2006 3.1% - (2.9%) (5.8%) (8.6%) (11.1%) (0.3%) (0.8%)

2007 3.0% - (2.7%) (5.7%) (8.4%) (10.8%) (0.3%) (0.7%)

2008 3.3% - (2.6%) (5.4%) (8.0%) (10.3%) (0.2%) (0.5%)

2009 1.5% - (1.3%) (2.6%) (3.9%) (5.1%) (0.2%) (0.3%)

2010 1.4% - (1.4%) (2.8%) (4.0%) (5.2%) (0.2%) (0.3%)

2011 1.3% - (1.2%) (2.4%) (3.5%) (4.6%) (0.1%) (0.3%)

2012 1.3% - (1.3%) (2.6%) (3.7%) (4.9%) (0.2%) (0.4%)

2013 1.4% - (1.4%) (2.7%) (4.0%) (5.2%) (0.2%) (0.4%)

2014 1.5% - (1.4%) (2.8%) (4.1%) (5.4%) (0.2%) (0.4%)

2015 1.6% - (1.5%) (2.9%) (4.3%) (5.6%) (0.2%) (0.3%)

2016 1.6% - (1.5%) (3.0%) (4.4%) (5.7%) (0.2%) (0.4%)

Total 1.6% - (1.6%) (3.1%) (4.6%) (6.0%) (0.2%) (0.4%)





of 103

EXHIBIT F


page 4 of 10


PRINCE EDWARD ISLAND

Amounts in $000s


AY 0.25% 0.75% 1.25% 1.75% 2.25% 2.75% 0.81% 0.87%

2002 & prior - - - - - - - -

2003 - - - - - - - -

2004 - - - - - - - -

2005 - - - - - - - -

2006 - - - - - - - -

2007 - - - - - - - -

2008 - - - - - - - -

2009 - - - - - - - -

2010 263 260 258 255 253 250 260 260

2011 739 730 720 711 702 694 728 727

2012 1,028 1,010 993 976 961 946 1,008 1,006

2013 248 244 240 236 233 230 243 243

2014 728 715 705 695 684 674 715 713

2015 1,384 1,366 1,348 1,330 1,313 1,297 1,363 1,361

2016 1,786 1,760 1,737 1,714 1,693 1,671 1,758 1,755

Total 6,176 6,085 6,001 5,917 5,839 5,762 6,075 6,065



Amounts in


AY 0.25% 0.75% 1.25% 1.75% 2.25% 2.75% 0.81% 0.87%

Total 91 - (84) (168) (246) (323) (10) (20)



Amounts in


AY 0.25% 0.75% 1.25% 1.75% 2.25% 2.75% 0.81% 0.87%

2002 & prior - - - - - - - -

2003 - - - - - - - -

2004 - - - - - - - -

2005 - - - - - - - -

2006 - - - - - - - -

2007 - - - - - - - -

2008 - - - - - - - -

2009 - - - - - - - -

2010 1.2% - (0.8%) (1.9%) (2.7%) (3.8%) - -

2011 1.2% - (1.4%) (2.6%) (3.8%) (4.9%) (0.3%) (0.4%)

2012 1.8% - (1.7%) (3.4%) (4.9%) (6.3%) (0.2%) (0.4%)

2013 1.6% - (1.6%) (3.3%) (4.5%) (5.7%) (0.4%) (0.4%)

2014 1.8% - (1.4%) (2.8%) (4.3%) (5.7%) - (0.3%)

2015 1.3% - (1.3%) (2.6%) (3.9%) (5.1%) (0.2%) (0.4%)

2016 1.5% - (1.3%) (2.6%) (3.8%) (5.1%) (0.1%) (0.3%)

Total 1.5% - (1.4%) (2.8%) (4.0%) (5.3%) (0.2%) (0.3%)





of 103

EXHIBIT F


page 5 of 10


ONTARIO

Amounts in $000s


AY 0.25% 0.75% 1.25% 1.75% 2.25% 2.75% 0.81% 0.87%

2002 & prior 4,232 4,177 4,122 4,067 4,015 3,965 4,169 4,163

2003 3,308 3,217 3,130 3,047 2,967 2,890 3,207 3,196

2004 3,820 3,707 3,600 3,497 3,399 3,304 3,695 3,681

2005 2,753 2,664 2,580 2,499 2,423 2,350 2,654 2,644

2006 3,277 3,174 3,076 2,984 2,896 2,813 3,161 3,149

2007 6,680 6,457 6,246 6,046 5,857 5,677 6,431 6,405

2008 1,229 1,195 1,162 1,131 1,101 1,074 1,191 1,187

2009 4,092 4,015 3,941 3,872 3,806 3,743 4,006 3,996

2010 4,046 3,972 3,901 3,834 3,770 3,708 3,962 3,954

2011 5,666 5,558 5,456 5,359 5,266 5,179 5,546 5,534

2012 9,601 9,446 9,299 9,158 9,023 8,895 9,428 9,409

2013 14,501 14,328 14,162 14,002 13,849 13,702 14,308 14,286

2014 14,909 14,733 14,564 14,401 14,242 14,090 14,713 14,691

2015 17,128 16,889 16,660 16,437 16,220 16,012 16,862 16,834

2016 17,522 17,237 16,966 16,700 16,447 16,197 17,204 17,172

Total 112,764 110,769 108,865 107,034 105,281 103,599 110,537 110,301



Amounts in


AY 0.25% 0.75% 1.25% 1.75% 2.25% 2.75% 0.81% 0.87%

Total 1,995 - (1,904) (3,735) (5,488) (7,170) (232) (468)



Amounts in


AY 0.25% 0.75% 1.25% 1.75% 2.25% 2.75% 0.81% 0.87%

2002 & prior 1.3% - (1.3%) (2.6%) (3.9%) (5.1%) (0.2%) (0.3%)

2003 2.8% - (2.7%) (5.3%) (7.8%) (10.2%) (0.3%) (0.7%)

2004 3.0% - (2.9%) (5.7%) (8.3%) (10.9%) (0.3%) (0.7%)

2005 3.3% - (3.2%) (6.2%) (9.0%) (11.8%) (0.4%) (0.8%)

2006 3.2% - (3.1%) (6.0%) (8.8%) (11.4%) (0.4%) (0.8%)

2007 3.5% - (3.3%) (6.4%) (9.3%) (12.1%) (0.4%) (0.8%)

2008 2.8% - (2.8%) (5.4%) (7.9%) (10.1%) (0.3%) (0.7%)

2009 1.9% - (1.8%) (3.6%) (5.2%) (6.8%) (0.2%) (0.5%)

2010 1.9% - (1.8%) (3.5%) (5.1%) (6.6%) (0.3%) (0.5%)

2011 1.9% - (1.8%) (3.6%) (5.3%) (6.8%) (0.2%) (0.4%)

2012 1.6% - (1.6%) (3.0%) (4.5%) (5.8%) (0.2%) (0.4%)

2013 1.2% - (1.2%) (2.3%) (3.3%) (4.4%) (0.1%) (0.3%)

2014 1.2% - (1.1%) (2.3%) (3.3%) (4.4%) (0.1%) (0.3%)

2015 1.4% - (1.4%) (2.7%) (4.0%) (5.2%) (0.2%) (0.3%)

2016 1.7% - (1.6%) (3.1%) (4.6%) (6.0%) (0.2%) (0.4%)

Total 1.8% - (1.7%) (3.4%) (5.0%) (6.5%) (0.2%) (0.4%)





of 103

EXHIBIT F


page 6 of 10


ALBERTA

Amounts in $000s


AY 0.25% 0.75% 1.25% 1.75% 2.25% 2.75% 0.81% 0.87%

2002 & prior 40 40 39 39 39 38 39 39

2003 78 76 74 72 69 68 76 76

2004 368 357 347 337 327 318 355 354

2005 450 436 423 410 397 386 434 432

2006 723 699 677 656 636 616 696 693

2007 851 833 817 801 786 771 832 830

2008 1,091 1,074 1,058 1,044 1,030 1,017 1,072 1,071

2009 649 643 637 632 626 621 643 642

2010 3,025 2,995 2,965 2,937 2,909 2,883 2,991 2,987

2011 7,275 7,194 7,116 7,039 6,966 6,893 7,184 7,175

2012 7,524 7,437 7,351 7,268 7,188 7,109 7,426 7,415

2013 10,823 10,686 10,555 10,426 10,301 10,179 10,670 10,654

2014 13,829 13,634 13,445 13,261 13,082 12,910 13,611 13,588

2015 20,736 20,406 20,086 19,776 19,476 19,186 20,367 20,327

2016 24,326 23,979 23,646 23,321 23,007 22,703 23,939 23,897

Total 91,788 90,489 89,236 88,019 86,839 85,698 90,335 90,180



Amounts in


AY 0.25% 0.75% 1.25% 1.75% 2.25% 2.75% 0.81% 0.87%

Total 1,299 - (1,253) (2,470) (3,650) (4,791) (154) (309)



Amounts in


AY 0.25% 0.75% 1.25% 1.75% 2.25% 2.75% 0.81% 0.87%

2002 & prior - - (2.5%) (2.5%) (2.5%) (5.0%) (2.5%) (2.5%)

2003 2.6% - (2.6%) (5.3%) (9.2%) (10.5%) - -

2004 3.1% - (2.8%) (5.6%) (8.4%) (10.9%) (0.6%) (0.8%)

2005 3.2% - (3.0%) (6.0%) (8.9%) (11.5%) (0.5%) (0.9%)

2006 3.4% - (3.1%) (6.2%) (9.0%) (11.9%) (0.4%) (0.9%)

2007 2.2% - (1.9%) (3.8%) (5.6%) (7.4%) (0.1%) (0.4%)

2008 1.6% - (1.5%) (2.8%) (4.1%) (5.3%) (0.2%) (0.3%)

2009 0.9% - (0.9%) (1.7%) (2.6%) (3.4%) - (0.2%)

2010 1.0% - (1.0%) (1.9%) (2.9%) (3.7%) (0.1%) (0.3%)

2011 1.1% - (1.1%) (2.2%) (3.2%) (4.2%) (0.1%) (0.3%)

2012 1.2% - (1.2%) (2.3%) (3.3%) (4.4%) (0.1%) (0.3%)

2013 1.3% - (1.2%) (2.4%) (3.6%) (4.7%) (0.1%) (0.3%)

2014 1.4% - (1.4%) (2.7%) (4.0%) (5.3%) (0.2%) (0.3%)

2015 1.6% - (1.6%) (3.1%) (4.6%) (6.0%) (0.2%) (0.4%)

2016 1.4% - (1.4%) (2.7%) (4.1%) (5.3%) (0.2%) (0.3%)

Total 1.4% - (1.4%) (2.7%) (4.0%) (5.3%) (0.2%) (0.3%)





of 103

EXHIBIT F


page 7 of 10


YUKON

Amounts in $000s


AY 0.25% 0.75% 1.25% 1.75% 2.25% 2.75% 0.81% 0.87%

2002 & prior - - - - - - - -

2003 - - - - - - - -

2004 - - - - - - - -

2005 - - - - - - - -

2006 - - - - - - - -

2007 - - - - - - - -

2008 11 11 11 11 11 10 11 11

2009 14 14 14 14 14 13 14 14

2010 156 155 153 152 150 149 154 154

2011 275 272 269 266 263 260 272 271

2012 125 123 123 121 119 118 123 123

2013 185 183 180 178 175 174 182 182

2014 360 355 349 344 340 336 354 354

2015 2,105 2,070 2,037 2,003 1,972 1,940 2,066 2,062

2016 913 898 884 870 857 844 897 895

Total 4,144 4,081 4,020 3,959 3,901 3,844 4,073 4,066



Amounts in


AY 0.25% 0.75% 1.25% 1.75% 2.25% 2.75% 0.81% 0.87%

Total 63 - (61) (122) (180) (237) (8) (15)



Amounts in


AY 0.25% 0.75% 1.25% 1.75% 2.25% 2.75% 0.81% 0.87%

2002 & prior - - - - - - - -

2003 - - - - - - - -

2004 - - - - - - - -

2005 - - - - - - - -

2006 - - - - - - - -

2007 - - - - - - - -

2008 - - - - - (9.1%) - -

2009 - - - - - (7.1%) - -

2010 0.6% - (1.3%) (1.9%) (3.2%) (3.9%) (0.6%) (0.6%)

2011 1.1% - (1.1%) (2.2%) (3.3%) (4.4%) - (0.4%)

2012 1.6% - - (1.6%) (3.3%) (4.1%) - -

2013 1.1% - (1.6%) (2.7%) (4.4%) (4.9%) (0.5%) (0.5%)

2014 1.4% - (1.7%) (3.1%) (4.2%) (5.4%) (0.3%) (0.3%)

2015 1.7% - (1.6%) (3.2%) (4.7%) (6.3%) (0.2%) (0.4%)

2016 1.7% - (1.6%) (3.1%) (4.6%) (6.0%) (0.1%) (0.3%)

Total 1.5% - (1.5%) (3.0%) (4.4%) (5.8%) (0.2%) (0.4%)





of 103

EXHIBIT F


page 8 of 10


NORTHWEST TERRITORIES

Amounts in $000s


AY 0.25% 0.75% 1.25% 1.75% 2.25% 2.75% 0.81% 0.87%

2002 & prior - - - - - - - -

2003 - - - - - - - -

2004 - - - - - - - -

2005 - - - - - - - -

2006 - - - - - - - -

2007 2 2 2 2 2 2 2 2

2008 12 12 12 11 11 11 12 12

2009 185 183 181 179 177 175 183 183

2010 2 2 2 2 2 2 2 2

2011 179 177 175 174 172 170 177 177

2012 236 234 231 229 226 223 233 233

2013 797 787 777 767 758 749 787 785

2014 2,230 2,198 2,166 2,136 2,108 2,079 2,194 2,190

2015 1,790 1,759 1,728 1,698 1,670 1,641 1,754 1,751

2016 1,230 1,209 1,190 1,170 1,151 1,134 1,207 1,204

Total 6,663 6,563 6,464 6,368 6,277 6,186 6,551 6,539



Amounts in


AY 0.25% 0.75% 1.25% 1.75% 2.25% 2.75% 0.81% 0.87%

Total 100 - (99) (195) (286) (377) (12) (24)



Amounts in


AY 0.25% 0.75% 1.25% 1.75% 2.25% 2.75% 0.81% 0.87%

2002 & prior - - - - - - - -

2003 - - - - - - - -

2004 - - - - - - - -

2005 - - - - - - - -

2006 - - - - - - - -

2007 - - - - - - - -

2008 - - - (8.3%) (8.3%) (8.3%) - -

2009 1.1% - (1.1%) (2.2%) (3.3%) (4.4%) - -

2010 - - - - - - - -

2011 1.1% - (1.1%) (1.7%) (2.8%) (4.0%) - -

2012 0.9% - (1.3%) (2.1%) (3.4%) (4.7%) (0.4%) (0.4%)

2013 1.3% - (1.3%) (2.5%) (3.7%) (4.8%) - (0.3%)

2014 1.5% - (1.5%) (2.8%) (4.1%) (5.4%) (0.2%) (0.4%)

2015 1.8% - (1.8%) (3.5%) (5.1%) (6.7%) (0.3%) (0.5%)

2016 1.7% - (1.6%) (3.2%) (4.8%) (6.2%) (0.2%) (0.4%)

Total 1.5% - (1.5%) (3.0%) (4.4%) (5.7%) (0.2%) (0.4%)





of 103

EXHIBIT F


page 9 of 10


NUNAVUT

Amounts in $000s


AY 0.25% 0.75% 1.25% 1.75% 2.25% 2.75% 0.81% 0.87%

2002 & prior - - - - - - - -

2003 - - - - - - - -

2004 - - - - - - - -

2005 - - - - - - - -

2006 - - - - - - - -

2007 1 1 1 1 1 1 1 1

2008 - - - - - - - -

2009 1 1 1 1 1 1 1 1

2010 4 4 4 4 4 4 4 4

2011 16 16 16 16 16 15 16 16

2012 106 105 104 103 101 100 105 104

2013 83 82 81 80 79 78 82 82

2014 779 770 762 752 744 736 769 767

2015 364 358 353 347 342 336 357 357

2016 524 514 506 498 489 481 514 512

Total 1,878 1,851 1,828 1,802 1,777 1,752 1,849 1,844



Amounts in


AY 0.25% 0.75% 1.25% 1.75% 2.25% 2.75% 0.81% 0.87%

Total 27 - (23) (49) (74) (99) (2) (7)



Amounts in


AY 0.25% 0.75% 1.25% 1.75% 2.25% 2.75% 0.81% 0.87%

2002 & prior - - - - - - - -

2003 - - - - - - - -

2004 - - - - - - - -

2005 - - - - - - - -

2006 - - - - - - - -

2007 - - - - - - - -

2008 - - - - - - - -

2009 - - - - - - - -

2010 - - - - - - - -

2011 - - - - - (6.3%) - -

2012 1.0% - (1.0%) (1.9%) (3.8%) (4.8%) - (1.0%)

2013 1.2% - (1.2%) (2.4%) (3.7%) (4.9%) - -

2014 1.2% - (1.0%) (2.3%) (3.4%) (4.4%) (0.1%) (0.4%)

2015 1.7% - (1.4%) (3.1%) (4.5%) (6.1%) (0.3%) (0.3%)

2016 1.9% - (1.6%) (3.1%) (4.9%) (6.4%) - (0.4%)

Total 1.5% - (1.2%) (2.6%) (4.0%) (5.3%) (0.1%) (0.4%)





of 103

EXHIBIT F


page 10 of 10


ALL JURISDICTIONS COMBINED

Amounts in $000s


AY 0.25% 0.75% 1.25% 1.75% 2.25% 2.75% 0.81% 0.87%

2002 & prior 4,272 4,217 4,161 4,106 4,054 4,003 4,208 4,202

2003 3,579 3,485 3,395 3,309 3,225 3,146 3,475 3,464

2004 5,376 5,215 5,063 4,917 4,777 4,642 5,197 5,178

2005 3,820 3,697 3,582 3,469 3,363 3,263 3,683 3,670

2006 5,242 5,079 4,924 4,779 4,639 4,506 5,059 5,039

2007 8,559 8,291 8,037 7,793 7,565 7,346 8,259 8,228

2008 3,144 3,074 3,010 2,949 2,891 2,838 3,067 3,061

2009 6,595 6,489 6,386 6,290 6,196 6,107 6,478 6,464

2010 9,413 9,282 9,155 9,032 8,915 8,802 9,264 9,250

2011 20,666 20,393 20,131 19,879 19,633 19,400 20,361 20,331

2012 28,179 27,811 27,453 27,110 26,778 26,460 27,765 27,721

2013 40,248 39,772 39,313 38,867 38,437 38,021 39,716 39,658

2014 53,896 53,228 52,584 51,957 51,349 50,761 53,150 53,068

2015 69,694 68,703 67,749 66,817 65,918 65,043 68,585 68,471

2016 79,162 78,000 76,889 75,801 74,754 73,733 77,868 77,730

Total 341,845 336,736 331,832 327,075 322,494 318,071 336,135 335,535



Amounts in


AY 0.25% 0.75% 1.25% 1.75% 2.25% 2.75% 0.81% 0.87%

Total 5,109 - (4,904) (9,661) (14,242) (18,665) (601) (1,201)



Amounts in


AY 0.25% 0.75% 1.25% 1.75% 2.25% 2.75% 0.81% 0.87%

2002 & prior 1.3% - (1.3%) (2.6%) (3.9%) (5.1%) (0.2%) (0.4%)

2003 2.7% - (2.6%) (5.1%) (7.5%) (9.7%) (0.3%) (0.6%)

2004 3.1% - (2.9%) (5.7%) (8.4%) (11.0%) (0.3%) (0.7%)

2005 3.3% - (3.1%) (6.2%) (9.0%) (11.7%) (0.4%) (0.7%)

2006 3.2% - (3.1%) (5.9%) (8.7%) (11.3%) (0.4%) (0.8%)

2007 3.2% - (3.1%) (6.0%) (8.8%) (11.4%) (0.4%) (0.8%)

2008 2.3% - (2.1%) (4.1%) (6.0%) (7.7%) (0.2%) (0.4%)

2009 1.6% - (1.6%) (3.1%) (4.5%) (5.9%) (0.2%) (0.4%)

2010 1.4% - (1.4%) (2.7%) (4.0%) (5.2%) (0.2%) (0.3%)

2011 1.3% - (1.3%) (2.5%) (3.7%) (4.9%) (0.2%) (0.3%)

2012 1.3% - (1.3%) (2.5%) (3.7%) (4.9%) (0.2%) (0.3%)

2013 1.2% - (1.2%) (2.3%) (3.4%) (4.4%) (0.1%) (0.3%)

2014 1.3% - (1.2%) (2.4%) (3.5%) (4.6%) (0.1%) (0.3%)

2015 1.4% - (1.4%) (2.7%) (4.1%) (5.3%) (0.2%) (0.3%)

2016 1.5% - (1.4%) (2.8%) (4.2%) (5.5%) (0.2%) (0.3%)

Total 1.5% - (1.5%) (2.9%) (4.2%) (5.5%) (0.2%) (0.4%)





of 103

EXHIBIT G-1

Components of IBNR ($s) for Member Sharing - Change During Month

(i.e. includes Actuarial Present Value Adjustments)

page 1 of 10

ShareDate 201605

Jurisdiction Desc

Newfoundland

& Labrador

AccountCode Desc IBNR Provision M/S IBNR - in $000s

AccountCode (All)

Values

BusinessSegment

DescAccYear

Sum of Prior

Month Actual

Amount

Sum of

Projected

Change

Sum of Change

Due to AvsP

Variances

Sum of Change

Due to

Valuation

Implementation

Sum of Total

Change

Sum of % Total

Change

Sum of Current

Month Final

Amount

Private

Passenger prior 29 - - 3 3 10.3% 32

2005 - - - - -

2006 - - - - -

2007 16 (1) 1 - - - 16

2008 21 (1) 1 1 1 4.8% 22

2009 55 (2) 2 - - - 55

2010 (77) 1 86 124 211 (274.0%) 134

2011 28 (1) (1) 105 103 367.9% 131

2012 693 (14) 88 (91) (17) (2.5%) 676

2013 951 (22) (110) (97) (229) (24.1%) 722

2014 2,257 (73) 106 35 68 3.0% 2,325

2015 2,635 (145) 345 244 444 16.9% 3,079

2016 1,326 290 88 105 483 36.4% 1,809

Private Passenger Total 7,934 32 606 429 1,067 13.4% 9,001

Non Private

Passenger prior 4 - - - - - 4

2005 - - - - -

2006 - - - - -

2007 (275) 6 (6) 192 192 (69.8%) (83)

2008 52 (1) 1 (52) (52) (100.0%) -

2009 3 - - - - - 3

2010 23 - - 11 11 47.8% 34

2011 249 (6) 7 8 9 3.6% 258

2012 364 (4) (149) (22) (175) (48.1%) 189

2013 491 (8) 6 (92) (94) (19.1%) 397

2014 1,676 (44) 138 (27) 67 4.0% 1,743

2015 1,525 (163) 129 (71) (105) (6.9%) 1,420

2016 628 433 (307) 42 168 26.8% 796

Non Private Passenger Total 4,740 213 (181) (11) 21 0.4% 4,761

Grand Total 12,674 245 425 418 1,088 8.6% 13,762



of 103

EXHIBIT G-1



page 2 of 10

ShareDate 201605

Jurisdiction Desc New Brunswick


AccountCode (All)

Values

BusinessSegment

DescAccYear

Sum of Prior

Month Actual

Amount

Sum of

Projected

Change

Sum of Change

Due to AvsP

Variances

Sum of Change

Due to

Valuation

Implementation

Sum of Total

Change

Sum of % Total

Change

Sum of Current

Month Final

Amount

Private


2005 - - - - -

2006 - - - - -

2007 10 - - - - - 10

2008 200 (4) 4 (140) (140) (70.0%) 60

2009 81 (1) 1 (13) (13) (16.0%) 68

2010 (521) 10 67 627 704 (135.1%) 183

2011 (9) 2 (100) 145 47 (522.2%) 38

2012 58 1 41 34 76 131.0% 134

2013 648 (9) (28) (11) (48) (7.4%) 600

2014 1,172 (20) 26 208 214 18.3% 1,386

2015 1,795 (120) 30 379 289 16.1% 2,084

2016 771 421 (15) 33 439 56.9% 1,210

Private Passenger Total 4,263 280 26 1,262 1,568 36.8% 5,831

Non Private

Passenger prior 23 (2) 2 1 1 4.3% 24

2005 - - - - -

2006 - - - - -

2007 11 (1) 1 1 1 9.1% 12

2008 395 (38) 38 (381) (381) (96.5%) 14

2009 60 (2) 2 (11) (11) (18.3%) 49

2010 152 (12) 12 (86) (86) (56.6%) 66

2011 206 (12) 12 (11) (11) (5.3%) 195

2012 296 (22) (390) (33) (445) (150.3%) (149)

2013 (18) 30 (152) 155 33 (183.3%) 15

2014 564 (38) 76 227 265 47.0% 829

2015 1,076 (68) (131) 28 (171) (15.9%) 905

2016 534 175 (94) 39 120 22.5% 654

Non Private Passenger Total 3,299 10 (624) (71) (685) (20.8%) 2,614

Grand Total 7,562 290 (598) 1,191 883 11.7% 8,445



of 103

EXHIBIT G-1



page 3 of 10

ShareDate 201605

Jurisdiction Desc Nova Scotia


AccountCode (All)

Values

BusinessSegment

DescAccYear

Sum of Prior

Month Actual

Amount

Sum of

Projected

Change

Sum of Change

Due to AvsP

Variances

Sum of Change

Due to

Valuation

Implementation

Sum of Total

Change

Sum of % Total

Change

Sum of Current

Month Final

Amount

Private

Passenger prior 58 - - 62 62 106.9% 120

2005 - - - - -

2006 - - - - -

2007 24 (2) 1 52 51 212.5% 75

2008 (38) 1 (1) - - - (38)

2009 (157) 1 (1) 28 28 (17.8%) (129)

2010 (40) - - 122 122 (305.0%) 82

2011 31 - - (11) (11) (35.5%) 20

2012 223 (3) 200 (53) 144 64.6% 367

2013 143 (1) 3 22 24 16.8% 167

2014 670 (5) 14 (12) (3) (0.4%) 667

2015 875 (102) 128 285 311 35.5% 1,186

2016 564 204 (22) 20 202 35.8% 766

Private Passenger Total 2,353 93 322 515 930 39.5% 3,283

Non Private


2005 - - - - -

2006 - - - - -

2007 (4) - - - - - (4)

2008 98 (1) 63 13 75 76.5% 173

2009 (5) - - - - - (5)

2010 33 (1) (38) 1 (38) (115.2%) (5)

2011 (91) - 155 189 344 (378.0%) 253

2012 285 (5) (33) (68) (106) (37.2%) 179

2013 409 (6) (57) 29 (34) (8.3%) 375

2014 446 (7) (55) 176 114 25.6% 560

2015 2,181 (98) 105 (47) (40) (1.8%) 2,141

2016 671 231 (10) 44 265 39.5% 936

Non Private Passenger Total 4,044 113 130 337 580 14.3% 4,624

Grand Total 6,397 206 452 852 1,510 23.6% 7,907



of 103

EXHIBIT G-1



page 4 of 10

ShareDate 201605

Jurisdiction Desc

Prince Edward

Island


AccountCode (All)

Values

BusinessSegment

DescAccYear

Sum of Prior

Month Actual

Amount

Sum of

Projected

Change

Sum of Change

Due to AvsP

Variances

Sum of Change

Due to

Valuation

Implementation

Sum of Total

Change

Sum of % Total

Change

Sum of Current

Month Final

Amount

Private

Passenger prior 19 - 1 2 3 15.8% 22

2005 - - - - -

2006 - - - - -

2007 (1) - - - - - (1)

2008 (1) - - - - - (1)

2009 3 - - (3) (3) (100.0%) -

2010 102 (2) 2 (73) (73) (71.6%) 29

2011 72 (1) 1 (9) (9) (12.5%) 63

2012 63 - - (4) (4) (6.3%) 59

2013 131 (1) 9 (25) (17) (13.0%) 114

2014 274 (2) 2 (2) (2) (0.7%) 272

2015 190 (3) 51 75 123 64.7% 313

2016 117 97 (46) (3) 48 41.0% 165

Private Passenger Total 969 88 20 (42) 66 6.8% 1,035

Non Private

Passenger prior (1) - - - - - (1)

2005 - - - - -

2006 - - - - -

2007 - - - - - - -

2008 - - - - - - -

2009 - - - - - - -

2010 - - - - - - -

2011 23 1 7 (2) 6 26.1% 29

2012 147 (1) 2 (18) (17) (11.6%) 130

2013 82 (1) 1 (13) (13) (15.9%) 69

2014 223 (2) 8 (21) (15) (6.7%) 208

2015 460 (16) 17 (1) - - 460

2016 239 91 (60) 2 33 13.8% 272


Grand Total 2,142 160 (5) (95) 60 2.8% 2,202



of 103

EXHIBIT G-1



page 5 of 10

ShareDate 201605

Jurisdiction Desc Ontario


AccountCode (All)

Values

BusinessSegment

DescAccYear

Sum of Prior

Month Actual

Amount

Sum of

Projected

Change

Sum of Change

Due to AvsP

Variances

Sum of Change

Due to

Valuation

Implementation

Sum of Total

Change

Sum of % Total

Change

Sum of Current

Month Final

Amount

Private

Passenger prior 1,327 (21) 196 878 1,053 79.4% 2,380

2005 - - - - -

2006 - - - - -

2007 1,504 (31) 33 116 118 7.8% 1,622

2008 673 (12) 17 (6) (1) (0.1%) 672

2009 820 (15) 159 (44) 100 12.2% 920

2010 (1,127) 26 25 301 352 (31.2%) (775)

2011 (1,380) 28 (15) 1,458 1,471 (106.6%) 91

2012 (46) 9 (34) 200 175 (380.4%) 129

2013 841 (12) 65 867 920 109.4% 1,761

2014 2,200 (36) (15) 32 (19) (0.9%) 2,181

2015 2,896 (371) 298 (21) (94) (3.2%) 2,802

2016 1,550 283 - (39) 244 15.7% 1,794

Private Passenger Total 9,258 (152) 729 3,742 4,319 46.7% 13,577

Non Private

Passenger prior 390 (6) 5 24 23 5.9% 413

2005 - - - - -

2006 - - - - -

2007 (138) 3 (2) 8 9 (6.5%) (129)

2008 177 (3) 4 (64) (63) (35.6%) 114

2009 424 (9) 10 (176) (175) (41.3%) 249

2010 874 (18) 6 (446) (458) (52.4%) 416

2011 107 (3) 8 818 823 769.2% 930

2012 797 (19) 154 332 467 58.6% 1,264

2013 4,147 (92) 320 888 1,116 26.9% 5,263

2014 6,736 (134) 85 (158) (207) (3.1%) 6,529

2015 8,278 (449) 506 83 140 1.7% 8,418

2016 4,153 1,035 (71) (77) 887 21.4% 5,040

Non Private Passenger Total 25,945 305 1,025 1,232 2,562 9.9% 28,507

Grand Total 35,203 153 1,754 4,974 6,881 19.5% 42,084



of 103

EXHIBIT G-1



page 6 of 10

ShareDate 201605

Jurisdiction Desc Alberta


AccountCode (All)

Values

BusinessSegment

DescAccYear

Sum of Prior

Month Actual

Amount

Sum of

Projected

Change

Sum of Change

Due to AvsP

Variances

Sum of Change

Due to

Valuation

Implementation

Sum of Total

Change

Sum of % Total

Change

Sum of Current

Month Final

Amount

Private

Passenger prior 72 (2) 2 81 81 112.5% 153

2005 - - - - -

2006 - - - - -

2007 16 (1) (53) 25 (29) (181.3%) (13)

2008 56 - - - - - 56

2009 93 (3) 3 (20) (20) (21.5%) 73

2010 395 (5) 96 3 94 23.8% 489

2011 1,286 (10) 10 (772) (772) (60.0%) 514

2012 2,058 (16) 187 (137) 34 1.7% 2,092

2013 2,297 (17) (22) (297) (336) (14.6%) 1,961

2014 2,783 (19) (122) 118 (23) (0.8%) 2,760

2015 3,199 (28) 79 (55) (4) (0.1%) 3,195

2016 1,145 352 (36) (2) 314 27.4% 1,459

Private Passenger Total 13,400 251 144 (1,056) (661) (4.9%) 12,739

Non Private

Passenger prior (53) 12 (10) 81 83 (156.6%) 30

2005 - - - - -

2006 - - - - -

2007 91 (6) 6 3 3 3.3% 94

2008 218 (14) 14 (80) (80) (36.7%) 138

2009 700 (64) 110 (292) (246) (35.1%) 454

2010 671 (58) (145) 1 (202) (30.1%) 469

2011 1,148 (77) 77 196 196 17.1% 1,344

2012 1,837 (152) 139 (312) (325) (17.7%) 1,512

2013 2,950 (104) (85) 229 40 1.4% 2,990

2014 4,505 (51) (117) (443) (611) (13.6%) 3,894

2015 9,277 (111) 46 (685) (750) (8.1%) 8,527

2016 5,597 1,512 (1,120) (165) 227 4.1% 5,824

Non Private Passenger Total 26,941 887 (1,085) (1,467) (1,665) (6.2%) 25,276

Grand Total 40,341 1,138 (941) (2,523) (2,326) (5.8%) 38,015



of 103

EXHIBIT G-1



page 7 of 10

ShareDate 201605

Jurisdiction Desc Yukon


AccountCode (All)

Values

BusinessSegment

DescAccYear

Sum of Prior

Month Actual

Amount

Sum of

Projected

Change

Sum of Change

Due to AvsP

Variances

Sum of Change

Due to

Valuation

Implementation

Sum of Total

Change

Sum of % Total

Change

Sum of Current

Month Final

Amount

Private


2005 - - - - -

2006 - - - - -

2007 - - - - - - -

2008 6 - - 12 12 200.0% 18

2009 28 - - (6) (6) (21.4%) 22

2010 33 - - 2 2 6.1% 35

2011 (38) 1 (1) (17) (17) 44.7% (55)

2012 95 (1) 1 (5) (5) (5.3%) 90

2013 169 (5) 5 (19) (19) (11.2%) 150

2014 350 (9) 9 (131) (131) (37.4%) 219

2015 489 (7) (7) (79) (93) (19.0%) 396

2016 145 33 (15) (2) 16 11.0% 161

Private Passenger Total 1,282 12 (8) (245) (241) (18.8%) 1,041

Non Private


2005 - - - - -

2006 - - - - -

2007 - - - - - - -

2008 2 - - - - - 2

2009 - - - - - - -

2010 6 - - - - - 6

2011 15 - - - - - 15

2012 26 - - (1) (1) (3.8%) 25

2013 110 (1) 1 (39) (39) (35.5%) 71

2014 128 (1) 1 (5) (5) (3.9%) 123

2015 268 (8) 5 (14) (17) (6.3%) 251

2016 189 42 9 (11) 40 21.2% 229

Non Private Passenger Total 745 32 16 (70) (22) (3.0%) 723

Grand Total 2,027 44 8 (315) (263) (13.0%) 1,764



of 103

EXHIBIT G-1



page 8 of 10

ShareDate 201605

Jurisdiction Desc

Northwest

Territories


AccountCode (All)

Values

BusinessSegment

DescAccYear

Sum of Prior

Month Actual

Amount

Sum of

Projected

Change

Sum of Change

Due to AvsP

Variances

Sum of Change

Due to

Valuation

Implementation

Sum of Total

Change

Sum of % Total

Change

Sum of Current

Month Final

Amount

Private


2005 - - - - -

2006 - - - - -

2007 3 - - - - - 3

2008 22 - - - - - 22

2009 (13) - - 50 50 (384.6%) 37

2010 3 - - - - - 3

2011 65 (2) 3 55 56 86.2% 121

2012 179 (2) 4 (14) (12) (6.7%) 167

2013 337 (13) 13 (62) (62) (18.4%) 275

2014 482 (17) 17 39 39 8.1% 521

2015 577 (18) 38 97 117 20.3% 694

2016 117 76 (79) 49 46 39.3% 163

Private Passenger Total 1,770 24 (4) 214 234 13.2% 2,004

Non Private


2005 - - - - -

2006 - - - - -

2007 - - - - - - -

2008 - - - - - - -

2009 1 - - (1) (1) (100.0%) -

2010 1 - - - - - 1

2011 - - - - - - -

2012 22 - - (3) (3) (13.6%) 19

2013 96 (2) 2 (6) (6) (6.3%) 90

2014 223 (2) 2 (2) (2) (0.9%) 221

2015 206 (9) (3) 15 3 1.5% 209

2016 97 27 (14) (5) 8 8.2% 105

Non Private Passenger Total 648 14 (13) (2) (1) (0.2%) 647

Grand Total 2,418 38 (17) 212 233 9.6% 2,651



of 103

EXHIBIT G-1



page 9 of 10

ShareDate 201605

Jurisdiction Desc Nunavut


AccountCode (All)

Values

BusinessSegment

DescAccYear

Sum of Prior

Month Actual

Amount

Sum of

Projected

Change

Sum of Change

Due to AvsP

Variances

Sum of Change

Due to

Valuation

Implementation

Sum of Total

Change

Sum of % Total

Change

Sum of Current

Month Final

Amount

Private


2005 - - - - -

2006 - - - - -

2007 3 - - (2) (2) (66.7%) 1

2008 1 - - - - - 1

2009 1 - - (1) (1) (100.0%) -

2010 7 - - 1 1 14.3% 8

2011 28 (1) 1 (8) (8) (28.6%) 20

2012 (21) - - 69 69 (328.6%) 48

2013 229 (2) 2 (166) (166) (72.5%) 63

2014 57 - - 39 39 68.4% 96

2015 246 (9) 10 (1) - - 246

2016 24 16 (25) 2 (7) (29.2%) 17

Private Passenger Total 573 4 (12) (67) (75) (13.1%) 498

Non Private

Passenger prior - - - - - - -

2005 - - - - -

2006 - - - - -

2007 - - - - - - -

2008 - - - - - - -

2009 1 - - - - - 1

2010 - - - - - - -

2011 - - - - - - -

2012 23 - - (4) (4) (17.4%) 19

2013 74 (1) 1 (38) (38) (51.4%) 36

2014 172 (2) (4) (1) (7) (4.1%) 165

2015 261 (5) (1) (26) (32) (12.3%) 229

2016 (3) 29 (4) 29 54 (1,800.0%) 51


Grand Total 1,101 25 (20) (107) (102) (9.3%) 999



of 103

EXHIBIT G-1



page 10 of 10

ShareDate 201605

Jurisdiction Desc (All)


AccountCode (All)

Values

BusinessSegment

DescAccYear

Sum of Prior

Month Actual

Amount

Sum of

Projected

Change

Sum of Change

Due to AvsP

Variances

Sum of Change

Due to

Valuation

Implementation

Sum of Total

Change

Sum of % Total

Change

Sum of Current

Month Final

Amount

Private

Passenger prior 1,564 (23) 199 1,026 1,202 76.9% 2,766

2005 - - - - -

2006 - - - - -

2007 1,575 (35) (18) 191 138 8.8% 1,713

2008 940 (16) 21 (133) (128) (13.6%) 812

2009 911 (20) 164 (9) 135 14.8% 1,046

2010 (1,225) 30 276 1,107 1,413 (115.3%) 188

2011 83 16 (102) 946 860 1,036.1% 943

2012 3,302 (26) 487 (1) 460 13.9% 3,762

2013 5,746 (82) (63) 212 67 1.2% 5,813

2014 10,245 (181) 37 326 182 1.8% 10,427

2015 12,902 (803) 972 924 1,093 8.5% 13,995

2016 5,759 1,772 (150) 163 1,785 31.0% 7,544

Private Passenger Total 41,802 632 1,823 4,752 7,207 17.2% 49,009

Non Private

Passenger prior 387 4 (3) 106 107 27.6% 494

2005 - - - - -

2006 - - - - -

2007 (315) 2 (1) 204 205 (65.1%) (110)

2008 942 (57) 120 (564) (501) (53.2%) 441

2009 1,184 (75) 122 (480) (433) (36.6%) 751

2010 1,760 (89) (165) (519) (773) (43.9%) 987

2011 1,657 (97) 266 1,198 1,367 82.5% 3,024

2012 3,797 (203) (277) (129) (609) (16.0%) 3,188

2013 8,341 (185) 37 1,113 965 11.6% 9,306

2014 14,673 (281) 134 (254) (401) (2.7%) 14,272

2015 23,532 (927) 673 (718) (972) (4.1%) 22,560

2016 12,105 3,575 (1,671) (102) 1,802 14.9% 13,907

Non Private Passenger Total 68,063 1,667 (765) (145) 757 1.1% 68,820

Grand Total 109,865 2,299 1,058 4,607 7,964 7.2% 117,829



of 103

EXHIBIT G-2

Components of IBNR ($s) - Change During Month

(i.e. excludes Actuarial Present Value Adjustments)

page 1 of 10

ShareDate 201605

Jurisdiction Desc

Newfoundland

& Labrador

AccountCode Desc Undiscounted IBNR Provision IBNR - in $000s

AccountCode (All)

Values

BusinessSegment

DescAccYear

Sum of Prior

Month Actual

Amount

Sum of

Projected

Change

Sum of Change

Due to AvsP

Variances

Sum of Change

Due to

Valuation

Implementation

Sum of Total

Change

Sum of % Total

Change

Sum of Current

Month Final

Amount

Private


2005 - - - - -

2006 - - - - -

2007 (3) - - - - - (3)

2008 1 - - - - - 1

2009 (2) - - - - - (2)

2010 (98) 2 84 115 201 (205.1%) 103

2011 (170) 3 (6) 94 91 (53.5%) (79)

2012 360 (7) 87 (87) (7) (1.9%) 353

2013 466 (14) (70) (95) (179) (38.4%) 287

2014 1,436 (57) 120 23 86 6.0% 1,522

2015 1,798 (126) 338 216 428 23.8% 2,226

2016 1,040 216 89 87 392 37.7% 1,432

Private Passenger Total 4,814 17 642 353 1,012 21.0% 5,826

Non Private


2005 - - - - -

2006 - - - - -

2007 (317) 6 (6) 177 177 (55.8%) (140)

2008 48 (1) 1 (48) (48) (100.0%) -

2009 3 - - - - - 3

2010 5 - - 10 10 200.0% 15

2011 133 (3) 5 5 7 5.3% 140

2012 98 (2) (105) (23) (130) (132.7%) (32)

2013 332 (7) 16 (83) (74) (22.3%) 258

2014 1,307 (39) 146 (26) 81 6.2% 1,388

2015 1,020 (153) 135 (71) (89) (8.7%) 931

2016 474 389 (307) 36 118 24.9% 592

Non Private Passenger Total 3,107 190 (115) (23) 52 1.7% 3,159

Grand Total 7,921 207 527 330 1,064 13.4% 8,985



of 103

EXHIBIT G-2



page 2 of 10

ShareDate 201605

Jurisdiction Desc New Brunswick


AccountCode (All)

Values

BusinessSegment

DescAccYear

Sum of Prior

Month Actual

Amount

Sum of

Projected

Change

Sum of Change

Due to AvsP

Variances

Sum of Change

Due to

Valuation

Implementation

Sum of Total

Change

Sum of % Total

Change

Sum of Current

Month Final

Amount

Private


2005 - - - - -

2006 - - - - -

2007 9 - - - - - 9

2008 141 (3) 3 (133) (133) (94.3%) 8

2009 63 (1) 1 (13) (13) (20.6%) 50

2010 (531) 11 63 598 672 (126.6%) 141

2011 (140) 3 (101) 129 31 (22.1%) (109)

2012 (94) 2 40 29 71 (75.5%) (23)

2013 384 (8) (29) (13) (50) (13.0%) 334

2014 769 (15) 26 180 191 24.8% 960

2015 1,329 (93) 13 347 267 20.1% 1,596

2016 594 377 (14) 21 384 64.6% 978

Private Passenger Total 2,551 273 2 1,145 1,420 55.7% 3,971

Non Private

Passenger prior 2 (2) 2 - - - 2

2005 - - - - -

2006 - - - - -

2007 6 (1) 1 - - - 6

2008 365 (37) 37 (354) (354) (97.0%) 11

2009 22 (2) 2 (11) (11) (50.0%) 11

2010 124 (12) 12 (79) (79) (63.7%) 45

2011 113 (11) 11 (11) (11) (9.7%) 102

2012 208 (21) (389) (31) (441) (212.0%) (233)

2013 (334) 33 (154) 135 14 (4.2%) (320)

2014 398 (36) 76 202 242 60.8% 640

2015 878 (61) (134) 19 (176) (20.0%) 702

2016 462 157 (93) 31 95 20.6% 557


Grand Total 4,795 280 (627) 1,046 699 14.6% 5,494



of 103

EXHIBIT G-2



page 3 of 10

ShareDate 201605

Jurisdiction Desc Nova Scotia


AccountCode (All)

Values

BusinessSegment

DescAccYear

Sum of Prior

Month Actual

Amount

Sum of

Projected

Change

Sum of Change

Due to AvsP

Variances

Sum of Change

Due to

Valuation

Implementation

Sum of Total

Change

Sum of % Total

Change

Sum of Current

Month Final

Amount

Private

Passenger prior (60) 1 (1) 51 51 (85.0%) (9)

2005 - - - - -

2006 - - - - -

2007 (1) - - 47 47 (4,700.0%) 46

2008 (61) 1 (1) - - - (61)

2009 (223) 2 (2) 26 26 (11.7%) (197)

2010 (106) 1 (1) 111 111 (104.7%) 5

2011 6 - - (11) (11) (183.3%) (5)

2012 44 - 204 (54) 150 340.9% 194

2013 (9) - 2 16 18 (200.0%) 9

2014 480 (5) 16 (15) (4) (0.8%) 476

2015 639 (102) 131 257 286 44.8% 925

2016 477 178 (19) 17 176 36.9% 653

Private Passenger Total 1,186 76 329 445 850 71.7% 2,036

Non Private


2005 - - - - -

2006 - - - - -

2007 (4) - - - - - (4)

2008 85 (1) 59 10 68 80.0% 153

2009 (6) - - - - - (6)

2010 (1) - (39) - (39) 3,900.0% (40)

2011 (202) 2 158 173 333 (164.9%) 131

2012 174 (2) (36) (61) (99) (56.9%) 75

2013 206 (2) (58) 20 (40) (19.4%) 166

2014 188 (2) (57) 156 97 51.6% 285

2015 1,870 (94) 102 (48) (40) (2.1%) 1,830

2016 557 202 (6) 39 235 42.2% 792

Non Private Passenger Total 2,882 103 123 289 515 17.9% 3,397

Grand Total 4,068 179 452 734 1,365 33.6% 5,433



of 103

EXHIBIT G-2



page 4 of 10

ShareDate 201605

Jurisdiction Desc

Prince Edward

Island


AccountCode (All)

Values

BusinessSegment

DescAccYear

Sum of Prior

Month Actual

Amount

Sum of

Projected

Change

Sum of Change

Due to AvsP

Variances

Sum of Change

Due to

Valuation

Implementation

Sum of Total

Change

Sum of % Total

Change

Sum of Current

Month Final

Amount

Private


2005 - - - - -

2006 - - - - -

2007 (1) - - - - - (1)

2008 (1) - - - - - (1)

2009 3 - - (3) (3) (100.0%) -

2010 69 (1) 1 (68) (68) (98.6%) 1

2011 14 - - (8) (8) (57.1%) 6

2012 37 - - (3) (3) (8.1%) 34

2013 109 (1) 9 (23) (15) (13.8%) 94

2014 216 (2) 2 (3) (3) (1.4%) 213

2015 88 (3) 54 67 118 134.1% 206

2016 82 87 (43) (4) 40 48.8% 122

Private Passenger Total 617 80 23 (45) 58 9.4% 675

Non Private


2005 - - - - -

2006 - - - - -

2007 - - - - - - -

2008 - - - - - - -

2009 - - - - - - -

2010 - - - - - - -

2011 6 - 8 (3) 5 83.3% 11

2012 80 (1) 2 (18) (17) (21.3%) 63

2013 74 (1) 1 (12) (12) (16.2%) 62

2014 189 (2) 9 (21) (14) (7.4%) 175

2015 408 (16) 18 (2) - - 408

2016 214 84 (60) 2 26 12.1% 240


Grand Total 1,587 144 1 (99) 46 2.9% 1,633



of 103

EXHIBIT G-2



page 5 of 10

ShareDate 201605

Jurisdiction Desc Ontario


AccountCode (All)

Values

BusinessSegment

DescAccYear

Sum of Prior

Month Actual

Amount

Sum of

Projected

Change

Sum of Change

Due to AvsP

Variances

Sum of Change

Due to

Valuation

Implementation

Sum of Total

Change

Sum of % Total

Change

Sum of Current

Month Final

Amount

Private

Passenger prior 339 (7) 188 773 954 281.4% 1,293

2005 - - - - -

2006 - - - - -

2007 1,181 (24) 28 92 96 8.1% 1,277

2008 601 (12) 17 - 5 0.8% 606

2009 581 (12) 167 (49) 106 18.2% 687

2010 (1,381) 28 24 276 328 (23.8%) (1,053)

2011 (1,465) 29 (13) 1,362 1,378 (94.1%) (87)

2012 (539) 11 (33) 160 138 (25.6%) (401)

2013 491 (10) 65 779 834 169.9% 1,325

2014 1,652 (33) (17) 17 (33) (2.0%) 1,619

2015 2,385 (370) 299 (18) (89) (3.7%) 2,296

2016 1,355 238 (3) (40) 195 14.4% 1,550

Private Passenger Total 5,200 (162) 722 3,352 3,912 75.2% 9,112

Non Private

Passenger prior 114 (2) 2 9 9 7.9% 123

2005 - - - - -

2006 - - - - -

2007 (221) 4 (4) - - - (221)

2008 120 (2) 3 (61) (60) (50.0%) 60

2009 298 (6) 8 (166) (164) (55.0%) 134

2010 778 (16) 16 (414) (414) (53.2%) 364

2011 (206) 4 1 748 753 (365.5%) 547

2012 (3) - 139 292 431 (14,366.7%) 428

2013 2,530 (51) 292 769 1,010 39.9% 3,540

2014 5,206 (104) 65 (161) (200) (3.8%) 5,006

2015 6,662 (433) 500 49 116 1.7% 6,778

2016 3,623 896 (64) (80) 752 20.8% 4,375

Non Private Passenger Total 18,901 290 958 985 2,233 11.8% 21,134

Grand Total 24,101 128 1,680 4,337 6,145 25.5% 30,246



of 103

EXHIBIT G-2



page 6 of 10

ShareDate 201605

Jurisdiction Desc Alberta


AccountCode (All)

Values

BusinessSegment

DescAccYear

Sum of Prior

Month Actual

Amount

Sum of

Projected

Change

Sum of Change

Due to AvsP

Variances

Sum of Change

Due to

Valuation

Implementation

Sum of Total

Change

Sum of % Total

Change

Sum of Current

Month Final

Amount

Private

Passenger prior 14 1 (1) 74 74 528.6% 88

2005 - - - - -

2006 - - - - -

2007 (20) - (18) 24 6 (30.0%) (14)

2008 42 - - - - - 42

2009 85 (1) 1 (18) (18) (21.2%) 67

2010 201 (1) 99 - 98 48.8% 299

2011 1,046 (5) 5 (713) (713) (68.2%) 333

2012 1,754 (9) 184 (130) 45 2.6% 1,799

2013 1,925 (10) (29) (274) (313) (16.3%) 1,612

2014 2,294 (11) (126) 98 (39) (1.7%) 2,255

2015 2,713 (14) 77 (59) 4 0.1% 2,717

2016 978 314 (33) (9) 272 27.8% 1,250

Private Passenger Total 11,032 264 159 (1,007) (584) (5.3%) 10,448

Non Private

Passenger prior (85) 12 (10) 74 76 (89.4%) (9)

2005 - - - - -

2006 - - - - -

2007 30 (3) 3 - - - 30

2008 105 (11) 11 (77) (77) (73.3%) 28

2009 600 (60) 139 (267) (188) (31.3%) 412

2010 526 (53) (150) - (203) (38.6%) 323

2011 608 (61) 61 168 168 27.6% 776

2012 1,349 (135) 132 (294) (297) (22.0%) 1,052

2013 1,935 (77) (101) 180 2 0.1% 1,937

2014 3,447 (34) (94) (427) (555) (16.1%) 2,892

2015 7,434 (74) 45 (671) (700) (9.4%) 6,734

2016 4,902 1,341 (1,116) (170) 55 1.1% 4,957

Non Private Passenger Total 20,851 845 (1,080) (1,484) (1,719) (8.2%) 19,132

Grand Total 31,883 1,109 (921) (2,491) (2,303) (7.2%) 29,580



of 103

EXHIBIT G-2



page 7 of 10

ShareDate 201605

Jurisdiction Desc Yukon


AccountCode (All)

Values

BusinessSegment

DescAccYear

Sum of Prior

Month Actual

Amount

Sum of

Projected

Change

Sum of Change

Due to AvsP

Variances

Sum of Change

Due to

Valuation

Implementation

Sum of Total

Change

Sum of % Total

Change

Sum of Current

Month Final

Amount

Private


2005 - - - - -

2006 - - - - -

2007 - - - - - - -

2008 5 - - 11 11 220.0% 16

2009 26 - - (6) (6) (23.1%) 20

2010 14 - - 2 2 14.3% 16

2011 (59) 1 (1) (15) (15) 25.4% (74)

2012 87 (1) 1 (4) (4) (4.6%) 83

2013 152 (5) 5 (17) (17) (11.2%) 135

2014 315 (9) 9 (119) (119) (37.8%) 196

2015 338 (7) (5) (76) (88) (26.0%) 250

2016 132 29 (15) (1) 13 9.8% 145

Private Passenger Total 1,015 8 (6) (225) (223) (22.0%) 792

Non Private


2005 - - - - -

2006 - - - - -

2007 - - - - - - -

2008 2 - - - - - 2

2009 - - - - - - -

2010 5 - - - - - 5

2011 14 - - - - - 14

2012 21 - - (1) (1) (4.8%) 20

2013 99 (1) 1 (35) (35) (35.4%) 64

2014 111 (1) 1 (6) (6) (5.4%) 105

2015 195 (8) 5 (12) (15) (7.7%) 180

2016 170 39 7 (10) 36 21.2% 206

Non Private Passenger Total 618 29 14 (64) (21) (3.4%) 597

Grand Total 1,633 37 8 (289) (244) (14.9%) 1,389



of 103

EXHIBIT G-2



page 8 of 10

ShareDate 201605

Jurisdiction Desc

Northwest

Territories


AccountCode (All)

Values

BusinessSegment

DescAccYear

Sum of Prior

Month Actual

Amount

Sum of

Projected

Change

Sum of Change

Due to AvsP

Variances

Sum of Change

Due to

Valuation

Implementation

Sum of Total

Change

Sum of % Total

Change

Sum of Current

Month Final

Amount

Private


2005 - - - - -

2006 - - - - -

2007 3 - - - - - 3

2008 21 - - - - - 21

2009 (31) - - 45 45 (145.2%) 14

2010 3 - - - - - 3

2011 51 (1) 2 51 52 102.0% 103

2012 156 (2) 4 (13) (11) (7.1%) 145

2013 296 (12) 12 (56) (56) (18.9%) 240

2014 356 (14) 14 35 35 9.8% 391

2015 427 (17) 37 88 108 25.3% 535

2016 82 67 (71) 44 40 48.8% 122

Private Passenger Total 1,362 21 (2) 194 213 15.6% 1,575

Non Private


2005 - - - - -

2006 - - - - -

2007 - - - - - - -

2008 - - - - - - -

2009 1 - - (1) (1) (100.0%) -

2010 1 - - - - - 1

2011 - - - - - - -

2012 20 - - (3) (3) (15.0%) 17

2013 35 - - (6) (6) (17.1%) 29

2014 119 (1) 1 (4) (4) (3.4%) 115

2015 185 (9) (3) 12 - - 185

2016 86 24 (14) (4) 6 7.0% 92


Grand Total 1,811 35 (18) 188 205 11.3% 2,016



of 103

EXHIBIT G-2



page 9 of 10

ShareDate 201605

Jurisdiction Desc Nunavut


AccountCode (All)

Values

BusinessSegment

DescAccYear

Sum of Prior

Month Actual

Amount

Sum of

Projected

Change

Sum of Change

Due to AvsP

Variances

Sum of Change

Due to

Valuation

Implementation

Sum of Total

Change

Sum of % Total

Change

Sum of Current

Month Final

Amount

Private


2005 - - - - -

2006 - - - - -

2007 3 - - (2) (2) (66.7%) 1

2008 1 - - - - - 1

2009 1 - - (1) (1) (100.0%) -

2010 6 - - 1 1 16.7% 7

2011 25 - - (7) (7) (28.0%) 18

2012 (24) - - 63 63 (262.5%) 39

2013 208 (2) 2 (151) (151) (72.6%) 57

2014 45 - - 35 35 77.8% 80

2015 222 (9) 11 - 2 0.9% 224

2016 20 13 (23) 2 (8) (40.0%) 12

Private Passenger Total 505 2 (10) (60) (68) (13.5%) 437

Non Private

Passenger prior - - - - - - -

2005 - - - - -

2006 - - - - -

2007 - - - - - - -

2008 - - - - - - -

2009 1 - - - - - 1

2010 - - - - - - -

2011 - - - - - - -

2012 21 - - (4) (4) (19.0%) 17

2013 67 (1) 1 (34) (34) (50.7%) 33

2014 112 (2) (3) (1) (6) (5.4%) 106

2015 236 (5) - (24) (29) (12.3%) 207

2016 (13) 26 (4) 26 48 (369.2%) 35


Grand Total 929 20 (16) (97) (93) (10.0%) 836



of 103

EXHIBIT G-2



page 10 of 10

ShareDate 201605

Jurisdiction Desc (All)


AccountCode (All)

Values

BusinessSegment

DescAccYear

Sum of Prior

Month Actual

Amount

Sum of

Projected

Change

Sum of Change

Due to AvsP

Variances

Sum of Change

Due to

Valuation

Implementation

Sum of Total

Change

Sum of % Total

Change

Sum of Current

Month Final

Amount

Private

Passenger prior 308 (5) 186 898 1,079 350.3% 1,387

2005 - - - - -

2006 - - - - -

2007 1,171 (24) 10 161 147 12.6% 1,318

2008 750 (14) 19 (122) (117) (15.6%) 633

2009 503 (12) 167 (19) 136 27.0% 639

2010 (1,823) 40 270 1,035 1,345 (73.8%) (478)

2011 (692) 30 (114) 882 798 (115.3%) 106

2012 1,781 (6) 487 (39) 442 24.8% 2,223

2013 4,022 (62) (33) 166 71 1.8% 4,093

2014 7,563 (146) 44 251 149 2.0% 7,712

2015 9,939 (741) 955 822 1,036 10.4% 10,975

2016 4,760 1,519 (132) 117 1,504 31.6% 6,264

Private Passenger Total 28,282 579 1,859 4,152 6,590 23.3% 34,872

Non Private

Passenger prior 52 8 (6) 83 85 163.5% 137

2005 - - - - -

2006 - - - - -

2007 (506) 6 (6) 177 177 (35.0%) (329)

2008 725 (52) 111 (530) (471) (65.0%) 254

2009 919 (68) 149 (445) (364) (39.6%) 555

2010 1,438 (81) (161) (483) (725) (50.4%) 713

2011 466 (69) 244 1,080 1,255 269.3% 1,721

2012 1,968 (161) (257) (143) (561) (28.5%) 1,407

2013 4,944 (107) (2) 934 825 16.7% 5,769

2014 11,077 (221) 144 (288) (365) (3.3%) 10,712

2015 18,888 (853) 668 (748) (933) (4.9%) 17,955

2016 10,475 3,158 (1,657) (130) 1,371 13.1% 11,846

Non Private Passenger Total 50,446 1,560 (773) (493) 294 0.6% 50,740

Grand Total 78,728 2,139 1,086 3,659 6,884 8.7% 85,612



of 103

EXHIBIT H

Projected Year-end Policy Liabilities

The table below presents the projected policy liabilities as at December 31, 2016, broken down by

component. By segment (i.e. private passenger vs non-private passenger) is available upon request.

page 1 of 10

Newfoundland & Labrador

PPV & non-PPV Newfoundland & Labrador - Projected Balances as at Dec. 31, 2016 ($000s)

ending 2016 nominal values actuarial present value adjustments (apvs)

Acc Yr Case IBNRRetro Claims

Fee & ExpenseTotal Unpaid discount

investment

PfAD

development

PfADTotal apvs TOTAL

prior - (12) - (12) - - 1 1 (11)

1997 - (2) - (2) - - - - (2)

1998 - 5 - 5 - - 1 1 6

1999 - 5 (68) (63) - - - - (63)

2000 - (3) (11) (14) - - - - (14)

2001 - (3) 9 6 - - - - 6

2002 - 1 34 35 - - - - 35

2003 - - 79 79 - - - - 79

2004 601 (10) 110 701 (27) 9 56 38 739

2005 - 5 33 38 - - - - 38

2006 - 4 89 93 - - - - 93

2007 1,099 (123) 132 1,108 (42) 13 94 65 1,173

2008 188 1 58 247 (2) 1 19 18 265

2009 564 1 118 683 (8) 3 55 50 733

2010 385 104 196 685 (8) 3 48 43 728

2011 3,169 51 458 3,678 (49) 16 317 284 3,962

2012 5,035 275 417 5,727 (79) 27 523 471 6,198

2013 5,160 456 289 5,905 (84) 26 553 495 6,400

2014 8,431 2,182 404 11,017 (160) 49 1,045 934 11,951

2015 8,797 1,385 396 10,578 (172) 57 1,002 887 11,465

PAYs (sub-total): 33,429 4,322 2,743 40,494 (631) 204 3,714 3,287 43,781

CAY (2016) 11,526 4,329 574 16,429 (295) 95 1,556 1,356 17,785

claims liabilities: 44,955 8,651 3,317 56,923 (926) 299 5,270 4,643 61,566

Unearned

Premium

Premium

Defiency /

(DPAC)

Total

Provisiondiscount

investment

PfAD

development

PfADTotal apvs TOTAL*

premium liabilities: 14,341 (626) 13,715 (195) 68 946 819 14,021

*Total may not be sum of parts, as apvs apply to future costs within UPR

policy liabilities: 70,638 (1,121) 367 6,216 5,462 75,587



of 103

EXHIBIT H




page 2 of 10

New Brunswick

PPV & non-PPV New Brunswick - Projected Balances as at Dec. 31, 2016 ($000s)




investment

PfAD

development


prior - 10 1 11 - - 2 2 13

1997 - (2) 5 3 - - - - 3

1998 - 2 4 6 - - - - 6

1999 - 1 5 6 - - - - 6

2000 - 1 4 5 - - - - 5

2001 - (1) 15 14 - - - - 14

2002 1 (1) 54 54 - - 2 2 56

2003 227 (20) (10) 197 (1) - 21 20 217

2004 - 8 (43) (35) - - 1 1 (34)

2005 184 16 (122) 78 (10) 3 19 12 90

2006 193 13 108 314 (7) 2 19 14 328

2007 75 13 199 287 (4) 1 9 6 293

2008 585 12 242 839 (10) 3 58 51 890

2009 600 47 248 895 (15) 5 62 52 947

2010 519 142 277 938 (11) 4 65 58 996

2011 2,564 (46) 430 2,948 (37) 13 248 224 3,172

2012 2,674 (145) 422 2,951 (38) 13 249 224 3,175

2013 5,020 76 298 5,394 (74) 23 607 556 5,950

2014 3,977 914 383 5,274 (81) 26 574 519 5,793

2015 3,645 946 348 4,939 (94) 32 525 463 5,402

PAYs (sub-total): 20,264 1,986 2,868 25,118 (382) 125 2,461 2,204 27,322

CAY (2016) 4,360 2,837 123 7,320 (166) 57 811 702 8,022


Unearned

Premium

Premium

Defiency /

(DPAC)

Total

Provisiondiscount

investment

PfAD

development




policy liabilities: 41,802 (657) 216 3,838 3,397 44,708



of 103

EXHIBIT H




page 3 of 10

Nova Scotia

PPV & non-PPV Nova Scotia - Projected Balances as at Dec. 31, 2016 ($000s)




investment

PfAD

development


prior - 3 (33) (30) - - 2 2 (28)

1997 - - (14) (14) - - - - (14)

1998 - 6 4 10 - - - - 10

1999 - (1) 3 2 - - - - 2

2000 - 1 6 7 - - - - 7

2001 - 4 15 19 - - - - 19

2002 - 14 1 15 - - 1 1 16

2003 - (22) 60 38 - - 3 3 41

2004 423 29 127 579 (21) 7 44 30 609

2005 393 (24) 16 385 (18) 6 35 23 408

2006 910 (4) 355 1,261 (41) 14 87 60 1,321

2007 334 42 302 678 (17) 5 36 24 702

2008 480 94 441 1,015 (26) 8 54 36 1,051

2009 891 (174) 337 1,054 (15) 4 71 60 1,114

2010 1,222 (37) 291 1,476 (25) 8 116 99 1,575

2011 1,393 121 334 1,848 (29) 10 149 130 1,978

2012 2,232 203 311 2,746 (46) 14 281 249 2,995

2013 2,882 159 236 3,277 (63) 20 359 316 3,593

2014 3,415 541 205 4,161 (86) 27 456 397 4,558

2015 2,989 1,599 281 4,869 (103) 35 534 466 5,335

PAYs (sub-total): 17,564 2,554 3,278 23,396 (490) 158 2,228 1,896 25,292

CAY (2016) 4,316 2,017 120 6,453 (145) 47 713 615 7,068


Unearned

Premium

Premium

Defiency /

(DPAC)

Total

Provisiondiscount

investment

PfAD

development




policy liabilities: 37,785 (724) 234 3,426 2,936 40,296



of 103

EXHIBIT H




page 4 of 10

Prince Edward Island

PPV & non-PPV Prince Edward Island - Projected Balances as at Dec. 31, 2016 ($000s)




investment

PfAD

development


prior - 1 - 1 - - - - 1

1997 - (1) 1 - - - - - -

1998 - - 1 1 - - - - 1

1999 - (1) 1 - - - - - -

2000 - (1) 2 1 - - - - 1

2001 - - 2 2 - - - - 2

2002 - - 12 12 - - - - 12

2003 - (2) 16 14 - - - - 14

2004 - 4 17 21 - - - - 21

2005 192 - 72 264 - - 19 19 283

2006 - - (174) (174) - - - - (174)

2007 - (1) 28 27 - - - - 27

2008 - (1) 49 48 - - - - 48

2009 - - 44 44 - - - - 44

2010 286 1 (3) 284 (4) 1 29 26 310

2011 846 17 (2) 861 (19) 6 84 71 932

2012 1,021 90 12 1,123 (29) 9 109 89 1,212

2013 161 142 61 364 (7) 3 29 25 389

2014 424 349 20 793 (18) 6 92 80 873

2015 667 444 60 1,171 (22) 7 129 114 1,285

PAYs (sub-total): 3,597 1,041 219 4,857 (99) 32 491 424 5,281

CAY (2016) 995 604 (1) 1,598 (33) 10 186 163 1,761

claims liabilities: 4,592 1,645 218 6,455 (132) 42 677 587 7,042

Unearned

Premium

Premium

Defiency /

(DPAC)

Total

Provisiondiscount

investment

PfAD

development




policy liabilities: 8,629 (154) 49 799 694 9,216



of 103

EXHIBIT H




page 5 of 10

Ontario

PPV & non-PPV Ontario - Projected Balances as at Dec. 31, 2016 ($000s)




investment

PfAD

development


prior 2,998 (22) 13 2,989 (8) 3 305 300 3,289

1997 773 14 32 819 (16) 5 77 66 885

1998 - 11 19 30 - - 1 1 31

1999 - 1 - 1 - - - - 1

2000 548 8 19 575 (17) 6 53 42 617

2001 - - (66) (66) - - 2 2 (64)

2002 660 148 237 1,045 (29) 9 78 58 1,103

2003 2,786 (28) 677 3,435 (114) 39 267 192 3,627

2004 2,997 85 1,291 4,373 (135) 44 296 205 4,578

2005 2,475 196 1,109 3,780 (127) 41 255 169 3,949

2006 2,282 816 1,276 4,374 (143) 47 295 199 4,573

2007 5,254 914 1,892 8,060 (306) 100 586 380 8,440

2008 939 579 1,422 2,940 (61) 19 146 104 3,044

2009 3,143 713 1,234 5,090 (108) 36 375 303 5,393

2010 4,265 (598) 1,429 5,096 (98) 30 357 289 5,385

2011 5,917 401 661 6,979 (176) 53 609 486 7,465

2012 11,208 23 1,761 12,992 (266) 81 1,371 1,186 14,178

2013 12,711 4,328 1,746 18,785 (300) 102 2,073 1,875 20,660

2014 7,739 5,616 919 14,274 (235) 80 1,964 1,809 16,083

2015 5,115 5,578 1,345 12,038 (222) 73 1,560 1,411 13,449

PAYs (sub-total): 71,810 18,783 17,016 107,609 (2,361) 768 10,670 9,077 116,686

CAY (2016) 6,391 9,128 887 16,406 (377) 121 2,196 1,940 18,346

claims liabilities: 78,201 27,911 17,903 124,015 (2,738) 889 12,866 11,017 135,032

Unearned

Premium

Premium

Defiency /

(DPAC)

Total

Provisiondiscount

investment

PfAD

development


premium liabilities: 19,022 (1,143) 17,879 (248) 83 1,260 1,095 17,879





of 103

EXHIBIT H




page 6 of 10

Alberta

PPV & non-PPV Alberta - Projected Balances as at Dec. 31, 2016 ($000s)




investment

PfAD

development


prior 42 (12) 5 35 - - 10 10 45

1997 - (33) 15 (18) - - 4 4 (14)

1998 - 14 (3) 11 - - 1 1 12

1999 - 11 13 24 - - 1 1 25

2000 - (16) 21 5 - - 2 2 7

2001 - 24 29 53 - - 2 2 55

2002 - (11) 50 39 - - 2 2 41

2003 55 (8) 84 131 (2) 1 5 4 135

2004 311 (68) 36 279 (10) 4 23 17 296

2005 356 3 (142) 217 (17) 5 34 22 239

2006 196 188 183 567 (18) 6 36 24 591

2007 689 - 398 1,087 (21) 7 67 53 1,140

2008 1,175 48 506 1,729 (27) 9 120 102 1,831

2009 190 258 427 875 (6) 2 44 40 915

2010 2,781 414 447 3,642 (48) 16 314 282 3,924

2011 6,365 677 444 7,486 (118) 40 692 614 8,100

2012 5,152 2,099 511 7,762 (126) 39 714 627 8,389

2013 8,136 2,575 502 11,213 (198) 67 1,299 1,168 12,381

2014 7,327 4,486 516 12,329 (249) 87 1,437 1,275 13,604

2015 10,644 7,759 566 18,969 (435) 147 2,215 1,927 20,896

PAYs (sub-total): 43,419 18,408 4,608 66,435 (1,275) 430 7,022 6,177 72,612

CAY (2016) 11,928 9,095 (166) 20,857 (452) 156 2,290 1,994 22,851

claims liabilities: 55,347 27,503 4,442 87,292 (1,727) 586 9,312 8,171 95,463

Unearned

Premium

Premium

Defiency /

(DPAC)

Total

Provisiondiscount

investment

PfAD

development


premium liabilities: 31,263 (2,724) 28,539 (308) 98 1,605 1,395 28,539





of 103

EXHIBIT H




page 7 of 10

Yukon

PPV & non-PPV Yukon - Projected Balances as at Dec. 31, 2016 ($000s)




investment

PfAD

development


prior - 1 - 1 - - - - 1

1997 - 1 - 1 - - - - 1

1998 - 1 - 1 - - - - 1

1999 - 1 - 1 - - - - 1

2000 - - - - - - - - -

2001 - 1 - 1 - - - - 1

2002 - - - - - - - - -

2003 - 1 - 1 - - - - 1

2004 - - - - - - - - -

2005 - - (70) (70) - - - - (70)

2006 - - 17 17 - - - - 17

2007 - - 19 19 - - - - 19

2008 - 18 19 37 - - 2 2 39

2009 - 20 15 35 - - 2 2 37

2010 172 21 11 204 (3) 1 20 18 222

2011 267 (53) 16 230 (3) 1 21 19 249

2012 36 96 17 149 (2) - 13 11 160

2013 (10) 187 5 182 (3) 1 22 20 202

2014 69 273 (23) 319 (8) 3 41 36 355

2015 1,575 298 31 1,904 (47) 17 227 197 2,101

PAYs (sub-total): 2,109 866 57 3,032 (66) 23 348 305 3,337

CAY (2016) 399 398 (11) 786 (19) 7 90 78 864


Unearned

Premium

Premium

Defiency /

(DPAC)

Total

Provisiondiscount

investment

PfAD

development


premium liabilities: 1,028 (95) 933 (12) 4 60 52 933





of 103

EXHIBIT H




page 8 of 10

Northwest Territories

PPV & non-PPV Northwest Territories - Projected Balances as at Dec. 31, 2016 ($000s)




investment

PfAD

development


prior - (1) - (1) - - - - (1)

1997 - 1 - 1 - - - - 1

1998 - 1 - 1 - - - - 1

1999 - 2 - 2 - - - - 2

2000 - (1) - (1) - - - - (1)

2001 - 1 - 1 - - - - 1

2002 - 1 - 1 - - - - 1

2003 - - - - - - - - -

2004 - (2) - (2) - - - - (2)

2005 - - 17 17 - - - - 17

2006 - (2) 19 17 - - - - 17

2007 - 3 31 34 - - - - 34

2008 - 21 44 65 (1) - 2 1 66

2009 212 14 40 266 (4) 1 23 20 286

2010 - 4 44 48 - - - - 48

2011 79 96 45 220 (3) 1 18 16 236

2012 86 155 43 284 (4) 1 24 21 305

2013 539 255 47 841 (15) 5 97 87 928

2014 1,669 411 39 2,119 (44) 13 248 217 2,336

2015 1,276 398 131 1,805 (45) 15 199 169 1,974

PAYs (sub-total): 3,861 1,357 500 5,718 (116) 36 611 531 6,249

CAY (2016) 560 523 (89) 994 (27) 9 125 107 1,101


Unearned

Premium

Premium

Defiency /

(DPAC)

Total

Provisiondiscount

investment

PfAD

development







of 103

EXHIBIT H




page 9 of 10

Nunavut

PPV & non-PPV Nunavut - Projected Balances as at Dec. 31, 2016 ($000s)




investment

PfAD

development


prior - - - - - - - - -

1997 - - - - - - - - -

1998 - - - - - - - - -

1999 - - - - - - - - -

2000 - - - - - - - - -

2001 - (1) - (1) - - - - (1)

2002 - (1) - (1) - - - - (1)

2003 - - - - - - - - -

2004 - - - - - - - - -

2005 - - - - - - - - -

2006 - - - - - - - - -

2007 - 1 5 6 - - - - 6

2008 - 1 7 8 - - - - 8

2009 - 1 10 11 - - - - 11

2010 - 7 14 21 - - 1 1 22

2011 - 18 15 33 - - 2 2 35

2012 53 56 15 124 (2) 1 11 10 134

2013 (5) 83 (21) 57 (1) - 10 9 66

2014 579 168 41 788 (13) 5 77 69 857

2015 91 313 12 416 (10) 3 46 39 455

PAYs (sub-total): 718 646 98 1,462 (26) 9 147 130 1,592

CAY (2016) 288 180 (35) 433 (12) 4 54 46 479

claims liabilities: 1,006 826 63 1,895 (38) 13 201 176 2,071

Unearned

Premium

Premium

Defiency /

(DPAC)

Total

Provisiondiscount

investment

PfAD

development


premium liabilities: 800 (75) 725 (8) 2 32 26 725





of 103

EXHIBIT H




page 10 of 10

All Jurisdictions

PPV & non-PPV ALL JURISDICTIONS - Projected Balances as at Dec. 31, 2016 ($000s)




investment

PfAD

development


prior 3,040 (32) (14) 2,994 (8) 3 320 315 3,309

1997 773 (22) 39 790 (16) 5 81 70 860

1998 - 40 25 65 - - 3 3 68

1999 - 19 (46) (27) - - 1 1 (26)

2000 548 (11) 41 578 (17) 6 55 44 622

2001 - 25 4 29 - - 4 4 33

2002 661 151 388 1,200 (29) 9 83 63 1,263

2003 3,068 (79) 906 3,895 (117) 40 296 219 4,114

2004 4,332 46 1,538 5,916 (193) 64 420 291 6,207

2005 3,600 196 913 4,709 (172) 55 362 245 4,954

2006 3,581 1,015 1,873 6,469 (209) 69 437 297 6,766

2007 7,451 849 3,006 11,306 (390) 126 792 528 11,834

2008 3,367 773 2,788 6,928 (127) 40 401 314 7,242

2009 5,600 880 2,473 8,953 (156) 51 632 527 9,480

2010 9,630 58 2,706 12,394 (197) 63 950 816 13,210

2011 20,600 1,282 2,401 24,283 (434) 140 2,140 1,846 26,129

2012 27,497 2,852 3,509 33,858 (592) 185 3,295 2,888 36,746

2013 34,594 8,261 3,163 46,018 (745) 247 5,049 4,551 50,569

2014 33,630 14,940 2,504 51,074 (894) 296 5,934 5,336 56,410

2015 34,799 18,720 3,170 56,689 (1,150) 386 6,437 5,673 62,362

PAYs (sub-total): 196,771 49,963 31,387 278,121 (5,446) 1,785 27,692 24,031 302,152

CAY (2016) 40,763 29,111 1,402 71,276 (1,526) 506 8,021 7,001 78,277

claims liabilities: 237,534 79,074 32,789 349,397 (6,972) 2,291 35,713 31,032 380,429

Unearned

Premium

Premium

Defiency /

(DPAC)

Total

Provisiondiscount

investment

PfAD

development


premium liabilities: 89,797 (6,830) 82,967 (1,009) 330 5,151 4,472 83,273


policy liabilities: 432,364 (7,981) 2,621 40,864 35,504 463,702

facility association residual arket€¦ · december 31, 2015), and changes in the selected...

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