Saskatchewan Government Insurance, SGI credits a mild storm season and healthy investment returns for delivering stable financials for 2023-24 with net income of $78.1 million and $173.1 million in discounts to customers through the Safe Driver Recognition and Business Recognition programs.
The Provincial Traffic Safety Fund Grant program awarded $2.8 million in grants to 161 Saskatchewan community projects for road safety improvements.
Other highlights in the annual report include:
- $1.096 billion in total claims incurred.
- $1.078 billion in gross premium written.
- $183.5 million in investment earnings.
- SGI achieved its highest Customer Experience Index score of 77 out of 100.
- SGI’s repair partners also gave SGI high marks with Collision Repair Magazine awarding SGI an “A” overall for body shop relations, payment timeliness, and dispute management.
- $924.9 million in the Rate Stabilization Reserve, which remains at adequate levels even with a $70.3 million reduction in 2023-24
The details were revealed on Jul. 8 along with investment earnings of $114.8 million.
