Operating expense ratio of property and casualty insurers in Canada 1990-2019
The operating expense ratio of property and casualty (P/C) insurers in Canada remained somewhat consistent from 1990 to 2019. The operating expense ratio peaked in 1999, when over 33 percent was reached. In 2019, the operating expense ratio of Canadian P/C insurers was 31.5 percent - up slightly from 31 percent the previous year. The operating expense ratio of P/C insurers stood at 28.1 percent in 2006 - the lowest point reached during the period under observation.
