TORONTO, Nov. 7, 2024 /CNW/ - (TSX: DFY)
(in Canadian dollars except as otherwise noted)
Highlights
Executive Messages
"Wildfires, flooding, and storms across Canada reached historic levels this summer. As impacted customers and communities work to rebuild and recover, our robust catastrophe response capabilities again delivered outstanding support. From a financial perspective, these events had a significant effect on our underwriting performance, representing a more than 17-point impact to our combined ratio, which was well above expectations. Despite this, we delivered strong premium growth and solid underlying performance across all lines of business. Our results also benefitted from ongoing expense efficiencies, healthy levels of net investment income, and strong contributions from our insurance broker platform, all of which resulted in third quarter operating net income of $14.6 million, or $0.13 per share."
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