Lévis, Que.-based Desjardins Financial Security Thursday reported a 13% increase in net income for the third quarter ended September 30.
The life and health insurance subsidiary of Desjardins Group said net income for the quarter was $79.9 million compared to $70.7 million for the same quarter in 2012.
Insurance sales totalled $97.6 million during the quarter versus $111.1 million in the year earlier period.
Savings product sales stood at $495.1 million, compared to $394.8 million for the same period in 2012, a 25.4% increase.
Assets under management and administration totalled $36.2 billion at the end of the quarter, compared to $34.9 billion a year ago.
Desjardins Financial Security specializes in providing life insurance, health insurance and retirement savings products to individuals and groups.