President's Report 2017
Once again, PEI Mutual had a successful year in underwriting and investments. We have a great team of agents, staff, management, and directors. Terry Shea and Blair Campbell shared this year as CEO’s, with Terry retiring the end of May 2017, and being succeeded by Blair.
We value our Island Company in giving back and continuing to support Island organizations and events.
PEI Mutual had excellent year end results, and your Board of Directors are pleased to issue a special Mutual rebate cheque of 10% of your 2017 premium PLUS giving you another 10% off your 2018 premium at renewal time, for a total of $4.8 million being returned to policyholders.
Thank you to everyone at PEI Mutual for my opportunity to serve as President for the past year.