{"id":308501,"date":"2004-02-09T16:30:00","date_gmt":"2004-02-09T21:30:00","guid":{"rendered":"https:\/\/www.investmentexecutive.com\/uncategorized\/co-operators-reports-q4-annual-profit\/"},"modified":"2004-02-09T16:30:00","modified_gmt":"2004-02-09T21:30:00","slug":"co-operators-reports-q4-annual-profit","status":"publish","type":"post","link":"https:\/\/www.investmentexecutive.com\/news\/industry-news\/co-operators-reports-q4-annual-profit\/","title":{"rendered":"Co-operators reports Q4, annual profit"},"content":{"rendered":"<p>Co-operators General Insurance Co. earned a $13.7 million in the fourth quarter of 2003, turning around a loss in the last quarter of 2002. <BR><BR>The property and casualty insurer said Monday profit came to 55\u00a2 per share for the three months ended Dec. 31. That compared with a loss of $2.5 million or 27\u00a2 per share for the same period in 2002.<BR><BR>Gross written premium revenues in the fourth quarter increased to $508 million, compared to $442 million in the fourth quarter of 2002. <BR><BR>&#8220;We are satisfied and encouraged by our strategic progress resulting in this improved financial performance. Automobile product performance remains a concern across the country though given ongoing reform uncertainties,&#8221; Kathy Bardswick, president and CEO of the Co-operators, said in a news release. <BR><BR>For the full year, the company earned $44 million or $1.78 per share, compared with a loss of $1.1 million or 48\u00a2 per share in 2002. <BR><BR>Gross written premium for 2003 were $1.96 billion, up from $1.73 billion in 2002. <BR><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Insurer rebounds from loss in 2002<\/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":[2483],"yst_prominent_words":[],"acf":[],"_links":{"self":[{"href":"https:\/\/www.investmentexecutive.com\/wp-json\/wp\/v2\/posts\/308501"}],"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=308501"}],"version-history":[{"count":0,"href":"https:\/\/www.investmentexecutive.com\/wp-json\/wp\/v2\/posts\/308501\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.investmentexecutive.com\/wp-json\/wp\/v2\/media?parent=308501"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmentexecutive.com\/wp-json\/wp\/v2\/categories?post=308501"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmentexecutive.com\/wp-json\/wp\/v2\/tags?post=308501"},{"taxonomy":"yst_prominent_words","embeddable":true,"href":"https:\/\/www.investmentexecutive.com\/wp-json\/wp\/v2\/yst_prominent_words?post=308501"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}