I encourage readers interested in this matter to:
(1) review the Association of Worker Compensation Boards of Canada – KSM Statistics – last updated to 2022
Compare: over five years:- the five largest WCB’s – Ont; QC; BC; AB,SK (by Assessable Payrolls)
(i) Funding Levels and
(ii) Investment performance returns

(2) Using a pencil – review the 2023 Statement of changes in rate group balances:- End of Year [EoY] Unappropriated Surplus – $2.1B: This Statement is based on the Funded Level basis.
(i) Remove the eight Government type Classes EoY 2023 balances [AN, AO, FE, HO, IH, JA, JD, DY]. Since 2022, Management has set the annual rate increases by the maximum permitted amount of 20% for most Government classes. [FYI: Four-year Premium income change- 2019 – $ 278M; 2023 – $743M; change – 63%]
(ii) to result in the 2023 Unappropriated Surplus EoY balance of the forty-four Business Classes. Do the Math: [FYI: Four-year Premium income change – 2019 – $1,386M; 2023 – $1,534M; change 11%]

My final point: It was important for WSBC to reflect the estimate of the Latent Occupational Disease liability (Asbestos poisoning—$668M) in the 2023 Statement of changes in rate groups.