Kingsway Financial Services Inc. returned to profitability during the second quarter, marking a significant improvement over the net loss of US$34.4 million reported in the first quarter of 2008.The Mississauga, Ont.-based car and truck insurance company reported net income of US$6.3 million, or 11¢ a diluted per share for the quarter ended June 30. That […]
Second-quarter income slips 8.5%
Q2 net falls 46%
Premiums and deposits rise 19% in the first six months of 2008
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 […]
Record growth in mortgage originations in second quarter
Power Financial Corp. today reported a higher quarterly profit thanks in part to sharply higher earnings at its life insurance subsidiary.
Earnings from Sun Life U.S. drop 47%
AUM rise 14% in second quarter
Sharp increase in single-family mortgage lending