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 |