Q1 2017 Report to Stakeholders

The Q1 2017 Report to Stakeholders shows that the first quarter of 2017 brought strong results for injured workers and strong financial results.

Some operational highlights include:

• We made eligibility decisions on 94 per cent of claims within two weeks of the claim registration date, for both Schedule 1 and Schedule 2 claims. This is well over the 90 per cent target and slightly higher than the results in the first quarter of 2016 for both groups.
• The number of injured and ill workers being treated through our integrated health care programs, such as our specialty clinics and programs of care has increased. Forty-three per cent of Schedule 1 workers received treatment through at least one of these programs, up from 41 per cent at the close of 2016.
• We implemented the first overall premium rate reduction for Schedule 1 employers. This is the first premium rate reduction since 2001.

After reaching a high of $14.2 billion in 2011, our unfunded liability has been reduced to $3.5 billion on a Sufficiency Ratio basis.

This quarter we saw an overall investment return of 3.4%, a net investment income of $896 million.  Our portfolio returns were driven primarily by strong returns in public equity and multi-asset strategies.

The following chart shows our investment portfolio’s net asset value from 2013 to 2016 and the first quarter of 2017: