President's Report 2023

This past year PEI Mutual has continued to be extremely busy, partly due to the lingering impact of Hurricane Fiona in 2022, as well as undergoing some key operational transitions as we evolve to meet the needs of the rapidly changing marketplace. I'd like to thank everyone involved in making this year a success - the head office team, as well as our team members who work outside the office, serving members directly within our Island communities. Everyone is very committed trying to help policyholders.

Thank you to the Board of Directors across the Island for representing policyholders, and for being involved in the debates and decisions on policies and changes within the company, that all help to make the company stronger.

We were pleased to welcome Andrea MacPherson as Director for zone 4 in May of 2023. Her voice has been an excellent addition around the Board table.

With everyone's commitment and work efficiency, PEI Mutual has had a profitable year and we're pleased to continue providing an 18% Mutual rebate at policy renewal time. Our team strives to provide the highest degree of value to our policyholders, and we give back to our Island community.

Brian MacKinley,