TORONTO, Aug. 1, 2024 /CNW/ - (TSX: DFY)
(in Canadian dollars except as otherwise noted)
Highlights
Executive Messages
"Our second quarter performance was well ahead of our key financial targets from both top- and bottom-line perspectives. Premiums increased to nearly $1.25 billion while our combined ratio of 90.1% benefitted from strong performance across the business, as well as favourable weather conditions. This resulted in a substantial underwriting income of $93.7 million which combined with healthy levels of net investment income and distribution income to generate operating earnings of $0.94 per share – significantly higher than a year ago. At the mid-point of the year, we are in an excellent position to continue building on our profitable growth momentum."
– Rowan Saunders, President & CEO
