Underwriting results show improvement
Automobile claims, premium declines posed significant challenges for the insurance firm
Co-operators General Insurance Co. reported lower profit for the fourth quarter ended Dec. 31, 2006. The P&C insurer said consolidated after-tax net income for the quarter was $19 million, compared to the $39 million for the same period in 2005.Earnings per common share were 78ยข for the fourth quarter compared to $1.81 for the same […]
Automobile claims severity trims earnings
Co-operators General Insurance Co. today announced some changes to The Co-operators senior management team as three members move on to retirement. This team oversees all of the companies in The Co-operators group of companies.Dan Thornton, senior vp and COO, Co-operators Life Insurance Co., will retire effective April 2007. His career has taken him into Coseco […]
Gross written, net earned premiums increase as well
Results strong despite increased storm activity, CEO says
Summer storms bite into earnings
Claims ratio rises as summer storms come early
Stronger ratings attributed to new CEO and sector improvement