2010 a record year for the bank
Bank books loss from Liberty Life
Revenue increases
Net income more for the year more than doubles to $2.5 billion
Q4 profit beats analyst expectations
Lévis, Quebec-based Desjardins Financial Security continued to grow its business in the third quarter ended September 30.For the third quarter, net income was $70.1 million, compared to $67.6 million in Q3 2009. Insurance sales stood at $46.5 million compared to $44.2 million last year. Insurance premiums totalled $726.6 million, versus $682.4 million in Q3 2009. […]
Profits return to historical levels as market conditions return to normal
Weaker economic growth in the second half of 2010 will dampen profitability in 2011
Staff, other expenses rise
Source: The Canadian PressKingsway Financial Services Inc. (TSX:KFS) returned to profitability in the third quarter with US$2.5 million of net income or five cents per share, the company said Friday.The Toronto-area insurance company, which reports in U.S. currency, took in less revenue from premiums but did better on underwriting losses, investments and continuing operations.It also […]