The numbers are in, and Manitoba Public Insurance has reported a loss that is significantly better compared to one year ago.
In its 2024 Annual Report, the Corporation reports a net loss of $19.7 million for the year ended March 31, 2025, as compared to a net loss of $129.5 million in 2023/24.
Tara Seel is with Manitoba Public Insurance.
"The numbers show that MPI continues to act with fiscal prudence and responsibility," said Seel. "We take it very seriously that our mandate is to deliver value while protecting affordability and maintaining that trust that Manitobans have in us."
Some key numbers from the report include 1,121 Autopac claims reported to MPI per working day, on average. There were 280,300 Autopac claims reported. There were 267,323 property damage claims reported.
The total number of Autopac claims in 2024/25 rose by 2.1 per cent compared to the previous year. MPI’s total claims costs for the year were $1.2 billion, and the Corporation continues to put strategies in place to reduce cost pressures within its control.
"Of course, we don't want to have a net loss, that's never the goal," ended Seel. "In terms of what we have seen over the past year, the loss continues to show fiscal prudence and responsibility. We're pleased to see where the numbers landed after a year of dedication and formulation of strategy."
Additionally, there were 12,977 third-party liability and bodily injury claims reported.
