Home Breadcrumb caret News Breadcrumb caret Industry The Co-operators reports increased profit Co-operators General Insurance Company has reported a 2006 Q2 consolidated after-tax net income of CD$49.6 million, compared to the CD$32.4 million profit for the same period in 2005. Gross written premium in the second quarter increased 4.3%, to CD$602.8 million, compared to CD$577.9 million in the second quarter of 2005, the company reported in a […] By Canadian Underwriter | August 31, 2006 | Last updated on October 1, 2024 1 min read Plus Icon Image Co-operators General Insurance Company has reported a 2006 Q2 consolidated after-tax net income of CD$49.6 million, compared to the CD$32.4 million profit for the same period in 2005. Gross written premium in the second quarter increased 4.3%, to CD$602.8 million, compared to CD$577.9 million in the second quarter of 2005, the company reported in a press release. The combined ratio of claims and operating expenses was 93.8%, compared to 97.9% for the second quarter of 2005. “We are pleased with our continuing strong financial performance and we are well positioned to absorb what we expect to be an active summer storm season,” The Co-operators president and CEO Kathy Bardswick said. Canadian Underwriter Print Group 8 LinkedIn LI X (Twitter) logo Facebook Print Group 8
