Appointed Actuary's Report
To the Policyholders of LS Mutual Management,
I have assessed the policy liabilities and reinsurance recoverables of LS Mutual Management for its consolidated statement of financial position as at December 31, 2018, and any changes posted to the consolidated statement of earnings for the year then ended, in accordance with the accepted actuarial practices in Canada. This included selecting the appropriate valuation assumptions and methods.
In my opinion, the policy liabilities net of reinsurance recoverables constitute adequate provision for all policyholder obligations under the policies. In addition, the company’s results are accurately presented in the consolidated financial statements.
The report is compliant with the Quebec Act Respecting Insurance and its regulations.
Montreal, February 26, 2019