Firm sees 20% increase in net income and 14% increase in premiums and deposits in Q1
The firm is also undertaking several new shareholder initiatives
Success during the quarter demonstrated the continued progress of the bank’s business model
But EBITDA declines, leading to net loss for quarter
Loss of Clarington revenue leads to drops across the board from Q1 2006
Operating ROE of 13.5% up 30 basis points over previous year
For Canadian-based Hubs, quarterly revenue increased 7%
The firm’s assets grew almost 36% from a year earlier
Automobile claims, premium declines posed significant challenges for the insurance firm
Company sees decline in expenses, losses from operations