Desjardins General Insurance Group reports solid second quarter and half-year results
Desjardins General Insurance Group reports solid second quarter and half-year results For the first six months of the year, net income was $67.9 million, down from $99.7 million for the same period in 2012, which benefited from unseasonably mild weather in the first quarter. The ROE for the first six months was 14.2%, down from 24.8% in 2012. Direct written premiums rose by 6.2% to $1,067.0 million and the combined ratio was 94.1%, up 1.2 percentage points from the same period last year.