2005 corporate profile 17383_rbci 05 eng 4 11 06 9 42 am page 2 rbc insurance 1 two thousand and five was another excellent year for revenues grew at 15 per cent over 2004 expenses remained flat creating significant operating leverage the integration of canadian operations provident life accident company unumprovident canada a wholly owned subsidiary corporation acquired in may continued is largely complete an important milestone reached june when opened its first retail branch located next door to royal bank scarborough ontario this new concept multi line offers wide range home auto health travel manner that consistent within existing regulations current act restricts offer most types branches we are very encouraged with results these plan continue expand channel world events had impact on industry our organization felt hurricanes katrina
