{"id":299689,"date":"2004-07-30T12:16:00","date_gmt":"2004-07-30T17:16:00","guid":{"rendered":"https:\/\/www.investmentexecutive.com\/uncategorized\/q2-profits-up-50-for-co-operators\/"},"modified":"2004-07-30T12:16:00","modified_gmt":"2004-07-30T17:16:00","slug":"q2-profits-up-50-for-co-operators","status":"publish","type":"post","link":"https:\/\/www.investmentexecutive.com\/news\/industry-news\/q2-profits-up-50-for-co-operators\/","title":{"rendered":"Q2 profits up 50% for Co-operators"},"content":{"rendered":"<p>Co-operators General Insurance Co. said net income for the second quarter was up 50%, while premium income increased 5.2%.<BR><BR>The Guelph, Ont.-based insurer reported net income of $38.0 million ($1.74 per share) for the three months ended June 30 vs to $25.3 million ($1.12) for the same period in 2003. <BR><BR>Gross written premiums in the second quarter increased to $573 million from $545 million in the second quarter of 2003. The claims ratio for the quarter was 63.7% vs 70.7% during the comparable period last year. The combined ratio of claims and operating expenses was 92.8% vs 97.8% for the second quarter of 2003.<BR><BR>Six-month earnings were $72.4 million vs $19.4 million. Premium income was $972.5 million vs $922.3 million for the period.<BR><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Premium income increases 5%<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[2312,2318],"tags":[],"yst_prominent_words":[],"acf":[],"_links":{"self":[{"href":"https:\/\/www.investmentexecutive.com\/wp-json\/wp\/v2\/posts\/299689"}],"collection":[{"href":"https:\/\/www.investmentexecutive.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.investmentexecutive.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.investmentexecutive.com\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.investmentexecutive.com\/wp-json\/wp\/v2\/comments?post=299689"}],"version-history":[{"count":0,"href":"https:\/\/www.investmentexecutive.com\/wp-json\/wp\/v2\/posts\/299689\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.investmentexecutive.com\/wp-json\/wp\/v2\/media?parent=299689"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmentexecutive.com\/wp-json\/wp\/v2\/categories?post=299689"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmentexecutive.com\/wp-json\/wp\/v2\/tags?post=299689"},{"taxonomy":"yst_prominent_words","embeddable":true,"href":"https:\/\/www.investmentexecutive.com\/wp-json\/wp\/v2\/yst_prominent_words?post=299689"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}