2004 Crown Investments Corporation of Saskatchewan Annual Report

Corporate ProfileSASKATCHEWAN GOVERNMENT GROWTH FUNDMANAGEMENT CORPORATIONSaskatchewan Government Growth FundManagement Corporation (SGGFMC)SGGFMC is a wholly-owned subsidiaryof CIC which was established in 1989.It has operated under the federalgovernment’s Immigrant InvestorProgram (IIP), creating and managingsubsidiary fund companies to raiseventure capital from new Canadianimmigrants. The IIP ended on March31, 1999, but the capital raised willneed to be managed for at least thenext five years. Management serviceswere contracted to Crown CapitalPartners Inc. on October 1, 2000.Note: SGGFMC has no direct employees. CICstaff provide executive and administrativeservices to the corporation.PresidentAssetsRevenueProfitTotal assets undermanagementWeb site2004Don Axtell$4.1 million$3.2 million$0.5 million$102.6 millionwww.sggfmc.comSaskatchewan Government Insurance (SGI)SGI was established in 1945 toprovide affordable, good qualityinsurance to Saskatchewan people.Under the trade name SGI CANADA,which is a wholly-owned subsidiaryof CIC, it conducts a competitiveproperty and casualty insurancebusiness offering a comprehensiveline of home, tenant, farm, automobileextension and commercial coverage.SGI also acts as the administrator ofthe Saskatchewan Auto Fund, theprovince’s compulsory auto insuranceprogram – a not for profit operationwhich does not receive money from,or pay dividends to, the province.SGI CANADAAuto FundPresidentTotal employeesAssetsJon Schubert1,526$534.1 million$1.1 billionRevenueProfitWeb site$294.8 million$41.7 millionwww.sgi.sk.ca$597.1 million$125.3 million2004C I C12