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Co-operators General Insurance Company (T:CCS.PR.C)

Business Focus: Property & Casualty Insurance (NEC)

Sector:  Financials Industry:  Property & Casualty Insurance
 
Company Contact
Address: 130 MacDonell St
GUELPH ON N1H 6P8
Tel: N/A
Website: https://www.cooperators.ca
IR: See website
Key People
Rob Wesseling
President, Chief Executive Officer
Jack Wilkinson
Vice Chairman of the Board
Carol Poulsen
Executive Vice President, Chief Information Officer
Paul Hanna
Executive Vice President - Member Relations and Corporate Services
Frank Lowery
Senior Vice-President, General Counsel and Secretary
 
Business Overview
Co-operators General Insurance Company (CGIC) is a Canadian-owned multi-line insurer. The Company provides home, automobile, farm and commercial insurance products to individuals and businesses through a distribution network. The Company is a provider of property and casualty (P&C) insurance in Canada. The Company's segments include CGIC, The Sovereign General Insurance Company (Sovereign) and COSECO Insurance Company (COSECO). CGIC distributes both personal and commercial insurance products through a financial advisor network with approximately 2,670 licensed insurance representatives throughout Canada. CGIC also distributes life insurance and wealth management products of Co-operators Life Insurance Company, an affiliated company. Sovereign writes complex commercial and special risk insurance and distributes it through independent brokers across Canada. COSECO provides home and auto insurance to employer, association and affinity groups across Canada.
Financial Overview
For the fiscal year ended 31 December 2023, Co-Operators General Insurance Co. revenues increased 13% to C$4.81B. Net income applicable to common stockholders decreased 43% to C$139.9M. Revenues reflect Insurance revenue increase of 9% to C$4.73B. Net income was offset by Other operating expenses increase of 10% to C$412.9M (expense). Dividend per share increased from C$0.63 to C$1.25.
Employees: 4,346 as of Dec 31, 2020
Reporting Currency: Canadian Dollars
Enterprise value: $149.79M as of Dec 31, 2023
Annual revenue (TTM): $4,810M as of Dec 31, 2023
EBITDA (TTM): $199.85M as of Dec 31, 2023
Net annual income (TTM): $139.94M as of Dec 31, 2023
Free cash flow (TTM): $423.66M as of Dec 31, 2023
Net Debt Last Fiscal Year: N/A
Shares outstanding: 27,155,757 as of Dec 31, 2023
TTM: Trailing Twelve Months
EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization