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Year End Summary: Annual Report 2003
 

Unless otherwise indicated, the following are 2003/2004 fiscal year totals, covering the period March 1, 2003 to February 29, 2004.

“Dollars and Cents”
Approximate Autopac claims incurred costs per working day:   $2.3 million
Total Autopac claims costs for injury and property damage, respectively (before expenses):   $233.8 million and $326.2 million
Amount paid by Manitoba Public Insurance to Manitoba medical practitioners on behalf of customers:   $19.3 million
Commissions paid by Manitoba Public Insurance to independent insurance brokers for product sales:   $45.4 million
Grants-in-lieu of taxes paid to Manitoba municipalities by Manitoba Public Insurance:   $1.0 million
Provincial premium taxes paid by Manitoba Public Insurance (2003 calendar year):   $20.7 million
Estimated savings to policyholders through use of recycled parts:   $12.7 million
Estimated direct savings to policyholders through subrogation:   $11.2 million
Dollars invested in road safety programs:   $7.4 million

“Significant Numbers”
Average number of Autopac claims reported to Manitoba Public Insurance per working day:   978
Total Autopac claims reported:   243,401
Bodily injury claims reported:   15,693
Property damage claims reported:   227,708
Total theft claims reported in Winnipeg:   10,011
Total theft claims reported elsewhere in province:   2,074
Independent Autopac broker outlets, as of February 29, 2004:   316
Calls answered by Manitoba Public Insurance Call Centre:   765,078
Number of Autopac policies in force (2003 average):   824,930
Licensed drivers in Manitoba in 2003:   720,099
Average weekly visits to www.mpi.mb.ca:   11,489

Five Year Statistics
Basic, Extension and SRE* 2003  2002  2001  2000  1999 
Premiums Written ($000) 680,265  641,471  595,171  539,054  529,694 
Claims Incurred ($000) 578,923  534,594  503,089  431,430  399,301 
Number of Claims 243,401  227,259  239,753  226,968  207,202 
Average Cost per Claim ($) 2,378  2,352  2,098  1,901  1,927 
Claims Expenses ($000) 75,900  67,256  65,491  58,741  60,081 
Other Expenses ($000) 116,802  108,922  98,298  99,847  99,569 
Income (loss) ($000) 36,499  (22,794)  (16,492)  46,628  50,911 
 
Total Corporation
Investments at Year End ($000) 1,446,417  1,263,090  1,168,865  1,154,983  1,054,824 
Total Assets ($000) 1,767,615  1,558,435  1,431,476  1,402,456  1,284,017 
*Excludes Discontinued Operations