WINNIPEG – Manitoba Public Insurance is reporting a hefty profit.
The crown corporation had net earnings of $180 million in 2019-20.
Profits like that explain why there was a rebate of $100 million back to customers in the spring.
MPI says it did a good job managing things and also the cost of claims was lower, that’s why so much money was made.
However, critics say this is just proof that Autopac rates are too high and have been for a while now.