The offering, which closes on May 22, will total $100 million
Capital position remains strong, P&C insurer says
Net income for 2008 declined by almost 60%
Insurer reports growth in all lines of business, across all regions of the country
Co-operators General Insurance Co. today reported a reduced profit for the second quarter ended June 30.Consolidated net income for the quarter was $40.6 million compared to $48.9 million for the same quarter in 2007. Earnings per common share were $1.88 for the second quarter compared to $2.29 for the same period last year.“The company’s underwriting […]
Fed will be forced to raise interest rates, report says
Improved core underwriting results and higher investment returns
Co-operators General Insurance Co. today announced a big jump in its fourth quarter earnings. consolidated financial results for the three months and year ended December 31, 2007. Co-operators General reported consolidated net income of $60.8 million for the quarter ended Dec. 31, 2007, compared to $18.5 million for the same quarter in 2006. The improvement […]
A.M. Best Co. has affirmed the financial strength rating and the issuer credit rating of Co-operators General Insurance Co.The rating agency also has affirmed the financial strength rating and the issuer credit rating of Co-operators General’s wholly owned subsidiary, The Sovereign General Insurance Co. In addition, A.M. Best has affirmed the financial strength ratings and […]
Gross written premiums up 4.1%