{"id":316221,"date":"2003-08-21T13:30:00","date_gmt":"2003-08-21T18:30:00","guid":{"rendered":"https:\/\/www.investmentexecutive.com\/uncategorized\/co-operators-general-reports-rise-in-q2-profit\/"},"modified":"2003-08-21T13:30:00","modified_gmt":"2003-08-21T18:30:00","slug":"co-operators-general-reports-rise-in-q2-profit","status":"publish","type":"post","link":"https:\/\/www.investmentexecutive.com\/news\/industry-news\/co-operators-general-reports-rise-in-q2-profit\/","title":{"rendered":"Co-operators General reports rise in Q2 profit"},"content":{"rendered":"<p>Co-operators General Insurance Co. on Thursday reported an increase in profit for the second quarter ended June 30.<BR><BR>The property and casualty insurer said consolidated after-tax net income for the quarter was $25.3 million, compared to the $7 million earned during the same period in 2002.<BR><BR>Gross written premiums in the second quarter increased 15.1% to $545 million, compared to $473 million in the second quarter of 2002.<BR><BR>The claims ratio for the quarter was 70.7%, compared to 79.2% during the comparable period last year. The combined ratio of claims and operating expenses was 97.8%, compared to 108.1% for the second quarter of 2002.<BR><BR>Earnings per common share were $1.12 for the second quarter compared to 20\u00a2 for the same period last year. <BR><BR>&#8220;We are pleased with our results in the second quarter of 2003. It signals the beginning of our recovery with a return to acceptable profit levels and adequate rates,&#8221; says Kathy Bardswick, president and CEO of The Co- operators.<BR><BR>http:\/\/www.newswire.ca\/releases\/August2003\/21\/c3187.html <BR><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Increase signals beginning of recovery<\/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\/316221"}],"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=316221"}],"version-history":[{"count":0,"href":"https:\/\/www.investmentexecutive.com\/wp-json\/wp\/v2\/posts\/316221\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.investmentexecutive.com\/wp-json\/wp\/v2\/media?parent=316221"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmentexecutive.com\/wp-json\/wp\/v2\/categories?post=316221"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmentexecutive.com\/wp-json\/wp\/v2\/tags?post=316221"},{"taxonomy":"yst_prominent_words","embeddable":true,"href":"https:\/\/www.investmentexecutive.com\/wp-json\/wp\/v2\/yst_prominent_words?post=316221"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}