Applied Systems Inc. has released fourth quarter 2025 results for the Applied Business Index, a premium rate index for the Canadian insurance industry, showing year-over-year increases in average premium rate changes for personal auto and personal property lines.
Average personal auto premiums increased in all provinces compared with the previous quarter, while average personal property premiums increased in all provinces except British Columbia.
This quarter, personal auto premium changes increased by 14.4% compared to 4Q24 and 2.9% compared to 3Q25.
Personal property premium rate changes increased by 7.8% in 4Q25 compared to 4Q24 and 1.3% compared with 3Q25.
In terms of personal automobiles, year-on-year changes in premium rates were higher in all provinces, with increases of 11.1%, 17.1%, 13.4% and 15.4% in Alberta, Ontario, Quebec and Atlantic Provinces respectively.
Compared to Q3’25, all provinces saw growth, with Alberta, Ontario, Quebec and Atlantic provinces seeing increases of 3.8%, 3.1%, 2.7% and 5.4% respectively.
For personal property items, all provinces experienced year-over-year increases. Alberta, British Columbia, Ontario, Quebec, the Atlantic provinces, and Saskatchewan and Manitoba saw increases of 13.5%, 1.8%, 4.3%, 6.4%, 9.5%, and 9.0% respectively.
Compared with the previous quarter, Alberta, Ontario, Quebec, the Atlantic provinces, and Saskatchewan and Manitoba all increased by 2.4%, 1.6%, 1.8%, 3.7%, and 2.3%, while British Columbia fell by -1.5%.
“The Canadian personal lines market continues to grow at a high rate in all provinces,” said Steve Whitelaw, senior vice president and general manager of Applied Systems Canada. “For the fourth quarter of 2025, the data suggests that growth rates are stabilizing compared to previous quarters, suggesting that the market may be entering a more cautious adjustment phase rather than premium growth rates continuing to accelerate.”
