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Cision Canada
4 days ago
- Business
- Cision Canada
CO-OPERATORS GENERAL INSURANCE COMPANY REPORTS SECOND QUARTER 2025 RESULTS Français
This quarterly earnings news release should be read in conjunction with our second quarter 2025 unaudited condensed consolidated interim financial statements and management's discussion and analysis (MD&A) as well as our 2024 Annual Report which are all available on SEDAR+ at Unless otherwise noted, all amounts are expressed in Canadian dollars. GUELPH, ON, Aug. 6, 2025 /CNW/ - Co-operators General Insurance Company (Co-operators General) today released consolidated financial results for the three months ended June 30, 2025. The consolidated net income was $149.7 million compared to $95.7 million for the same quarter in 2024. This resulted in earnings per common share of $5.35 for the quarter, compared to $3.36 in the same quarter of the prior year. "The second quarter of 2025 was impacted by major weather events and persistent volatility in the market. Through focused adherence to our strategic plan, we achieved premium growth, positive investment portfolio returns, and concluded the quarter with strong financial results," said Rob Wesseling, President and CEO of Co-operators. "From our position of capital strength, we will continue to focus on investing in solutions that help Canadians build their financial security and resilience." ($ in millions except for earnings per common share and ratios) 2nd quarter 2nd quarter YTD YTD 2025 2024 2025 2024 Key financial data Direct written premium (DWP) 2 1,642.3 1,516.3 2,893.6 2,635.7 Net insurance revenue (NIR) 2 1,351.4 1,186.8 2,648.1 2,309.5 Net income 149.7 95.7 222.6 189.5 Net investment income and gains 117.8 63.9 215.3 169.6 Total assets 1 8,931.1 8,521.9 8,931.1 8,521.9 Shareholders' equity 1 3,037.3 2,805.9 3,037.3 2,805.9 Key success indicators DWP growth 2 8.3 % 14.7 % 9.8 % 13.8 % NIR growth 2 13.9 % 13.5 % 14.7 % 11.9 % Underwriting result - excluding discounting and risk adjustment 2 63.9 75.0 41.9 69.2 Earnings per common share (EPS) $5.35 $3.36 $7.99 $6.77 Return on equity (ROE) 2 21.8 % 15.1 % 15.8 % 14.9 % Combined ratio - excluding discounting and risk adjustment 2 95.3 % 93.8 % 98.4 % 97.0 % Minimum Capital Test (MCT) 1 228 % 216 % 228 % 216 % 1 Financial position data and MCT results for 2024 are as at December 31. 2 Refer to the Key Financial Measures (Non-GAAP) section. SECOND QUARTER REVIEW In the second quarter, DWP increased by 8.3% to $1,642.3 million compared to the same quarter of 2024, while NIR increased by 13.9% to $1,351.4 million compared to the same quarter last year. The increase in DWP was across all core lines of business and regions, with the auto and home line of business and Ontario region being the major contributors. Growth in both DWP and NIR was a result of increases in average premiums as well as growth in vehicles and policies in force attributable to new business. Co-operators General's underwriting income, excluding discounting and risk adjustment, for the second quarter of 2025 was $63.9 million, an unfavourable change of $11.1 million from the underwriting income of $75.0 million in the same quarter of 2024. The unfavourable change was due to increases in both the net undiscounted claims and adjustment expenses of $133.3 million and acquisition and other expenses of $42.4 million outpacing the growth in NIR of $164.6 million. The increase in net undiscounted claims and adjustment expenses was primarily driven by higher major event activity and current accident year claims. This increase was partially offset by improved prior year claims development. The increase in acquisition and other expenses was driven by the growth in premium, which resulted in increased premium taxes, net commissions and insurance operation expenses. The above increases led to a slight deterioration in combined ratio, excluding discounting and risk adjustment, by 1.5 percentage points from the comparative quarter. Net investment and insurance finance result increased by $84.9 million, representing $83.5 million in income in the current quarter compared to a loss of $1.4 million in the comparative period. The favourable result was due to an increase of $53.9 million in total net investment income and gains, as a result of gains in equities, and a decrease of $31.0 million in total net finance expense from insurance and reinsurance contracts when compared with the same period in the prior year. The change was due to a relative increase in the yield curve compared to the prior period, which resulted in a decrease to discounted liabilities. Our balance sheet, liquidity and capital positions remain strong and enable us to continue to serve and meet the needs of our clients while also supporting our strategic areas of focus. Our investment portfolio is comprised of high quality and well diversified assets. The credit quality of our portfolio remains high with 96.9% of bond portfolio considered investment grade and 76.2% rated A or higher. Our equity portfolio is 81.6% weighted to Canadian stocks. CAPITAL Co-operators General's capital position remains strong, as the Minimum Capital Test for Co-operators General was 228% as at June 30, 2025, well above internal and regulatory minimum requirements. We continue to closely monitor capital levels in response to the changing economic environment. CAUTION REGARDING FORWARD-LOOKING STATEMENTS This document may contain forward-looking statements and forward-looking information, including statements regarding the operations, objectives, strategies, financial situation and performance of Co-operators General. These statements generally can be identified by the use of forward-looking words such as "may," "will," "expect," "intend," "estimate," "anticipate," "believe," "plan," "would," "should," "could," "trend," "predict," "likely," "potential," and "continue," or the negative thereof and similar variations. These statements are not guarantees of future performance, and they involve known and unknown risks, uncertainties and other factors that may cause actual results or events to differ materially from those anticipated in the forward-looking statements or information. We believe that the expectations reflected in the forward-looking statements and information are reasonable; however, there can be no assurance that such expectations will prove to be correct. We cannot guarantee future results, levels of activity, performance or achievements. Consequently, we make no representation that actual results achieved will be the same in whole or in part as those set out in the forward-looking statements and information. For further information, refer to our second quarter 2025 MD&A or our 2024 Annual Report. ABOUT US Proudly Canadian since 1945, Co-operators is a leading financial services co-operative, offering multi-line insurance and investment products, services, and personalized advice to help Canadians build their financial strength and security. With more than $74 billion in assets under administration, Co-operators is well known for its community involvement and its commitment to sustainability. Currently a carbon neutral organization, Co-operators is committed to net-zero emissions in its operations and investments by 2040, and 2050, respectively. Co-operators is recognized as one of Canada's Top 100 Employers and ranked as one of Corporate Knights' Best 50 Corporate Citizens in Canada. Co-operators General Class E Preference Shares Series C, trade under ticker symbol on the Toronto Stock Exchange (TSX). For more information, please visit: CONTACT INFORMATION Investor Relations Lesley Christodoulou Vice-President, Finance and Chief Accountant Email: [email protected] Media Relations Email: [email protected]
Cision Canada
25-06-2025
- Business
- Cision Canada
Co-operators leads financial sector in national sustainability ranking
In Corporate Knights Best 50 Corporate Citizens ranking, Canadian insurance and financial services co-op is lauded for its sustainability impact GUELPH, ON, June 25, 2025 /CNW/ - Today, in Corporate Knights annual Best 50 Corporate Citizens ranking, Co-operators earned the highest ranking among insurers and highest in the financial sector, placing fourth in the overall ranking. Assessed across a wide range of environmental, social, and governance-related sustainability performance indicators, this national recognition continues to underscore the co-operative's ongoing efforts to catalyze a resilient and sustainable society. In 2025, Co-operators stood out for its high relative proportion of revenue (26.4%) that is defined as 'sustainable revenue' by Corporate Knights' Sustainable Economy Taxonomy. The result is also driven in part by Co-operators $7.05 billion in impact and transition investments; a high percentage of gender diversity in its executive leadership team; a relatively equitable CEO to worker pay ratio; linking executive compensation with net zero targets; and the number of paid sick leave days offered to its employees, among other indicators. "To be recognized alongside Canada's business leaders is strong validation of our efforts to embed sustainability into our business, while working to catalyze sustainability in our society through our investments, products and services, community partnerships, and advocacy," says Rob Wesseling, President and CEO of Co-operators. "Our pursuit of sustainability is inextricably linked to our ability to advance our purpose of financial security for Canadians and our communities. It is about ensuring we can meet the needs of our members, clients and communities today, without compromising our ability to meet their needs for generations to come." "Today's complex challenges require us to leverage the collective capacity, capital and ingenuity across our society to develop imaginative, sustainable solutions," says Chad Park, vice-president of Sustainability & Citizenship at Co-operators. "The Best 50 highlights those businesses who are demonstrating leadership across a range of industries in pursuit of solutions that will help create a more sustainable, resilient, and equitable Canada. We're committed to working collaboratively as part of this effort and honoured to be recognized." Co-operators sustainability achievements include: 52.6% of its investments are invested in impact and climate transition investments, equivalent to $7.05 billion directed to projects and initiatives that address environmental and social challenges. Co-operators has a target to invest 60% of its total portfolio in impact, transition and resilience investments by 2030. Co-operators is a carbon neutral company, with net zero targets in its operations (2040) and investments (2050). 26.4% of its total revenue comes from sustainable products or services, like Comprehensive Water, Canada's first and only flood insurance product including storm surge that is available to all Canadians even those at highest risk. 55% representation of women on the CEO leadership team (Executive Vice Presidents). Full details of its sustainability, climate and financial performance can be found in Co-operators Integrated Annual Report and its Climate Report. About Co-operators Co–operators is a leading Canadian financial services co-operative, offering multi-line insurance and investment products, services, and personalized advice to help Canadians build their financial strength and security. Co–operators has more than $64 billion in assets under administration and has been providing trusted guidance to Canadians since 1945. The organization is well known for its community involvement and its commitment to sustainability. Currently a carbon neutral organization, Co–operators is committed to net-zero emissions in its operations and investments by 2040, and 2050, respectively. Co–operators is also ranked as a Corporate Knights' Best 50 Corporate Citizen in Canada. For more information, please visit:
Globe and Mail
08-05-2025
- Business
- Globe and Mail
CO-OPERATORS GENERAL INSURANCE COMPANY REPORTS FIRST QUARTER 2025 RESULTS
This quarterly earnings news release should be read in conjunction with our first quarter 2025 unaudited condensed consolidated interim financial statements and management's discussion and analysis (MD&A) as well as our 2024 Annual Report which are all available on SEDAR+ at Unless otherwise noted, all amounts are expressed in Canadian dollars. GUELPH, ON , May 8, 2025 /CNW/ - Co-operators General Insurance Company (Co-operators General) today released consolidated financial results for the three months ended March 31, 2025 . The consolidated net income was $72.9 million compared to net income of $93.8 million for the same quarter in 2024. This resulted in earnings per common share of $2.64 for the quarter, compared to $3.41 in the same quarter of the prior year. "In a period marked by persistent market and geopolitical uncertainty, we've remained focused on our purpose – financial security for Canadians," said Rob Wesseling , President and CEO of Co-operators. "While we experienced an elevated level of weather events in the first quarter impacting underwriting results, our disciplined approach to capital management allows us to navigate volatility, absorb shocks and continue supporting Canadians when they need us most." ($ in millions except for earnings per common share and ratios) 1st Quarter 1st Quarter 2025 2024 Key financial data Direct written premium (DWP) 2 1,251.3 1,119.5 Net insurance revenue (NIR) 2 1,296.7 1,122.5 Net income 72.9 93.8 Net investment income and gains 97.5 105.6 Total assets 1 8,706.4 8,521.9 Shareholders' equity 1 2,898.2 2,805.9 Key success indicators DWP growth 2 11.8 % 12.6 % NIR growth 2 15.5 % 10.3 % Underwriting result - excluding discounting and risk adjustment 2 (22.0) (5.8) Earnings per common share (EPS) $2.64 $3.41 Return on equity (ROE) 2 10.6 % 15.1 % Combined ratio - excluding discounting and risk adjustment 2 101.7 % 100.6 % Minimum Capital Test (MCT) 1 222 % 216 % 1 Financial position data and MCT results for 2024 are as at December 31. 2 Refer to the Key Financial Measures (Non-GAAP) section. FIRST QUARTER REVIEW In the first quarter, DWP increased by 11.8% to $1,251.3 million compared to the same quarter of 2024, while NIR increased by 15.5% to $1,296.7 million compared to the same quarter last year. There was an increase in DWP across all core lines of business and regions, with the auto line of business and the Ontario region being the major contributors. Growth in both DWP and NIR was a result of increases in average premiums as well as growth in vehicles and policies in force attributable to new business. Co-operators General's underwriting loss, excluding discounting and risk adjustment, for the first quarter of 2025 was $22.0 million , an unfavourable change of $16.2 million from the underwriting loss of $5.8 million in the same quarter of 2024. The unfavourable change was due to increases in both the net undiscounted claims and adjustment expenses of $154.7 million and acquisition and other expenses of $35.7 million , outpacing the growth in NIR of $174.2 million . The increase in net undiscounted claims and adjustment expenses was primarily driven by higher current year accident claims, reserve strengthening and major event activity. This increase was partially offset by improved prior year claims development. The increase in acquisition and other expenses was due to increases in advisor commission and insurance operation expenses. The above increases led to a slight deterioration in combined ratio, excluding discounting and risk adjustment, by 1.1 percentage points from the comparative quarter. Net investment and insurance finance result declined by $8.6 million for the quarter, representing $74.0 million in income in the current quarter, compared to income of $82.6 million in the prior period quarter. The unfavourable result was primarily due to a decrease of $8.1 million in total net investment income and gains when compared to the prior period quarter as a result of unrealized losses on our common shares and preferred shares portfolios. Our balance sheet, liquidity and capital positions remain strong and enable us to continue to serve and meet the needs of our clients while also supporting our strategic areas of focus. Our investment portfolio is comprised of high quality and well diversified assets. The credit quality of our portfolio remains high with 97.1% of bond portfolio considered investment grade and 76.9% rated A or higher. Our equity portfolio is 81.5% weighted to Canadian stocks. CAPITAL Co-operators General's capital position remains strong, as the Minimum Capital Test for Co-operators General was 222% as at March 31, 2025 , well above internal and regulatory minimum requirements. We continue to closely monitor capital levels in response to the changing economic environment. CAUTION REGARDING FORWARD-LOOKING STATEMENTS This document may contain forward-looking statements and forward-looking information, including statements regarding the operations, objectives, strategies, financial situation and performance of Co-operators General. These statements generally can be identified by the use of forward-looking words such as "may," "will," "expect," "intend," "estimate," "anticipate," "believe," "plan," "would," "should," "could," "trend," "predict," "likely," "potential," and "continue," or the negative thereof and similar variations. These statements are not guarantees of future performance, and they involve known and unknown risks, uncertainties and other factors that may cause actual results or events to differ materially from those anticipated in the forward-looking statements or information. We believe that the expectations reflected in the forward-looking statements and information are reasonable; however, there can be no assurance that such expectations will prove to be correct. We cannot guarantee future results, levels of activity, performance or achievements. Consequently, we make no representation that actual results achieved will be the same in whole or in part as those set out in the forward-looking statements and information. For further information, refer to our first quarter 2025 MD&A or our 2024 Annual Report. ABOUT US Proudly Canadian since 1945, Co-operators is a leading financial services co-operative, offering multi-line insurance and investment products, services, and personalized advice to help Canadians build their financial strength and security. With more than $72 billion in assets under administration, Co-operators is well known for its community involvement and its commitment to sustainability. Currently a carbon neutral organization, Co-operators is committed to net-zero emissions in its operations and investments by 2040, and 2050, respectively. Co-operators is recognized as one of Canada's Top 100 Employers and ranked as one of Corporate Knights' Best 50 Corporate Citizens in Canada . Co-operators General Class E Preference Shares Series C, trade under ticker symbol on the Toronto Stock Exchange (TSX). For more information, please visit: Investor Relations Lesley Christodoulou Vice-President, Finance and Chief Accountant Email: lesley_christodoulou@ Media Relations Email: media@
Cision Canada
08-05-2025
- Business
- Cision Canada
CO-OPERATORS GENERAL INSURANCE COMPANY REPORTS FIRST QUARTER 2025 RESULTS Français
This quarterly earnings news release should be read in conjunction with our first quarter 2025 unaudited condensed consolidated interim financial statements and management's discussion and analysis (MD&A) as well as our 2024 Annual Report which are all available on SEDAR+ at Unless otherwise noted, all amounts are expressed in Canadian dollars. GUELPH, ON, May 8, 2025 /CNW/ - Co-operators General Insurance Company (Co-operators General) today released consolidated financial results for the three months ended March 31, 2025. The consolidated net income was $72.9 million compared to net income of $93.8 million for the same quarter in 2024. This resulted in earnings per common share of $2.64 for the quarter, compared to $3.41 in the same quarter of the prior year. "In a period marked by persistent market and geopolitical uncertainty, we've remained focused on our purpose – financial security for Canadians," said Rob Wesseling, President and CEO of Co-operators. "While we experienced an elevated level of weather events in the first quarter impacting underwriting results, our disciplined approach to capital management allows us to navigate volatility, absorb shocks and continue supporting Canadians when they need us most." CO-OPERATORS GENERAL'S FIRST QUARTER FINANCIAL HIGHLIGHTS ($ in millions except for earnings per common share and ratios) 1st Quarter 1st Quarter 2025 2024 Key financial data Direct written premium (DWP) 2 1,251.3 1,119.5 Net insurance revenue (NIR) 2 1,296.7 1,122.5 Net income 72.9 93.8 Net investment income and gains 97.5 105.6 Total assets 1 8,706.4 8,521.9 Shareholders' equity 1 2,898.2 2,805.9 Key success indicators DWP growth 2 11.8 % 12.6 % NIR growth 2 15.5 % 10.3 % Underwriting result - excluding discounting and risk adjustment 2 (22.0) (5.8) Earnings per common share (EPS) $2.64 $3.41 Return on equity (ROE) 2 10.6 % 15.1 % Combined ratio - excluding discounting and risk adjustment 2 101.7 % 100.6 % Minimum Capital Test (MCT) 1 222 % 216 % 1 Financial position data and MCT results for 2024 are as at December 31. 2 Refer to the Key Financial Measures (Non-GAAP) section. FIRST QUARTER REVIEW In the first quarter, DWP increased by 11.8% to $1,251.3 million compared to the same quarter of 2024, while NIR increased by 15.5% to $1,296.7 million compared to the same quarter last year. There was an increase in DWP across all core lines of business and regions, with the auto line of business and the Ontario region being the major contributors. Growth in both DWP and NIR was a result of increases in average premiums as well as growth in vehicles and policies in force attributable to new business. Co-operators General's underwriting loss, excluding discounting and risk adjustment, for the first quarter of 2025 was $22.0 million, an unfavourable change of $16.2 million from the underwriting loss of $5.8 million in the same quarter of 2024. The unfavourable change was due to increases in both the net undiscounted claims and adjustment expenses of $154.7 million and acquisition and other expenses of $35.7 million, outpacing the growth in NIR of $174.2 million. The increase in net undiscounted claims and adjustment expenses was primarily driven by higher current year accident claims, reserve strengthening and major event activity. This increase was partially offset by improved prior year claims development. The increase in acquisition and other expenses was due to increases in advisor commission and insurance operation expenses. The above increases led to a slight deterioration in combined ratio, excluding discounting and risk adjustment, by 1.1 percentage points from the comparative quarter. Net investment and insurance finance result declined by $8.6 million for the quarter, representing $74.0 million in income in the current quarter, compared to income of $82.6 million in the prior period quarter. The unfavourable result was primarily due to a decrease of $8.1 million in total net investment income and gains when compared to the prior period quarter as a result of unrealized losses on our common shares and preferred shares portfolios. Our balance sheet, liquidity and capital positions remain strong and enable us to continue to serve and meet the needs of our clients while also supporting our strategic areas of focus. Our investment portfolio is comprised of high quality and well diversified assets. The credit quality of our portfolio remains high with 97.1% of bond portfolio considered investment grade and 76.9% rated A or higher. Our equity portfolio is 81.5% weighted to Canadian stocks. CAPITAL Co-operators General's capital position remains strong, as the Minimum Capital Test for Co-operators General was 222% as at March 31, 2025, well above internal and regulatory minimum requirements. We continue to closely monitor capital levels in response to the changing economic environment. CAUTION REGARDING FORWARD-LOOKING STATEMENTS This document may contain forward-looking statements and forward-looking information, including statements regarding the operations, objectives, strategies, financial situation and performance of Co-operators General. These statements generally can be identified by the use of forward-looking words such as "may," "will," "expect," "intend," "estimate," "anticipate," "believe," "plan," "would," "should," "could," "trend," "predict," "likely," "potential," and "continue," or the negative thereof and similar variations. These statements are not guarantees of future performance, and they involve known and unknown risks, uncertainties and other factors that may cause actual results or events to differ materially from those anticipated in the forward-looking statements or information. We believe that the expectations reflected in the forward-looking statements and information are reasonable; however, there can be no assurance that such expectations will prove to be correct. We cannot guarantee future results, levels of activity, performance or achievements. Consequently, we make no representation that actual results achieved will be the same in whole or in part as those set out in the forward-looking statements and information. For further information, refer to our first quarter 2025 MD&A or our 2024 Annual Report. ABOUT US Proudly Canadian since 1945, Co-operators is a leading financial services co-operative, offering multi-line insurance and investment products, services, and personalized advice to help Canadians build their financial strength and security. With more than $72 billion in assets under administration, Co-operators is well known for its community involvement and its commitment to sustainability. Currently a carbon neutral organization, Co-operators is committed to net-zero emissions in its operations and investments by 2040, and 2050, respectively. Co-operators is recognized as one of Canada's Top 100 Employers and ranked as one of Corporate Knights' Best 50 Corporate Citizens in Canada. Co-operators General Class E Preference Shares Series C, trade under ticker symbol on the Toronto Stock Exchange (TSX). For more information, please visit: CONTACT INFORMATION Investor Relations Lesley Christodoulou Vice-President, Finance and Chief Accountant Email: [email protected] Media Relations Email: [email protected]
Cision Canada
07-05-2025
- Business
- Cision Canada
EXPANDED FOCUS ON RESILIENCE IS KEY, CO-OPERATORS HIGHLIGHTS IN INTEGRATED ANNUAL REPORT Français
Amid escalating climate challenges and economic uncertainty, this Canadian financial services and insurance co-operative is building resilience from the household to the community level. GUELPH, ON, May 7, 2025 /CNW/ - In a year of record-breaking climate catastrophes resulting in $8.5 billion in insured losses across Canada, Co-operators 2024 Integrated Annual Report highlights its ongoing commitment to innovating and evolving its business models to help strengthen community resilience and ensure Canadians are equipped to navigate growing risks in times of uncertainty. Operating within a challenging environment, the Canadian financial services co-operative and insurer reported a 2024 net income before tax of $463.3 million across its group of companies—backed by a strong capital position. These results were achieved despite significant headwinds – including extreme weather events, rising auto theft, increased insurance fraud and elevated repair costs due to inflation – offset largely by a strong investment performance. In its latest report, Co-operators outlines how it is harnessing this strength and stability to advance its purpose – the financial security of Canadians and our communities. Creating a future defined by resilience and financial confidence In addition to $3.16 billion paid in claims and benefits to its clients in 2024, Co-operators strategically leveraged a significant portion of its $13.5 billion invested assets to support a more resilient and sustainable future. By year-end, 52.6% of its investments (equating to $7.05 billion) was directed towards climate transition and impact investments. Co-operators continues to focus on creating opportunities to invest in climate adaptive infrastructure projects across Canada, working towards its target to invest 60% of its total portfolio into impact, climate transition and resilience investments by 2030. Aligned with its vision of being a catalyst for a sustainable, resilient society, the company is reimagining traditional insurance models, embracing the principles of circularity and loss prevention. Recognizing that co-operation is essential to tackling today's complex challenges, Co-operators recently introduced T omorrowStrong™, an enhancement to insurance coverage that helps prevent future losses. The unique offering provides extra funds to upgrade homes with wind, hail, flood, and fire-resistant solutions, in addition to damage repair, after filing a claim. "Over the years, we've been working to evolve our business to focus more on building resilience to help minimize future losses in a world where we know risks will increase. It's imperative that we – our co-operative, our industry, our external partners and the people and communities we serve – shift our thinking on what insurance is and how it operates," says Rob Wesseling, President and CEO of Co-operators."Insurance needs to become more of a resilience business, not just an indemnity business. This shift won't happen overnight, but Co-operators is committed to this transformation, and to catalyzing others to follow suit." Beyond insurance, Co-operators continues to expand its holistic suite of financial and investment solutions, now managing over $3.4 billion in retail wealth assets through a wide range of mutual funds and investment products tailored to the evolving needs of Canadians. In collaboration with the people it serves, the company is helping to create a future defined by resilience and financial confidence. The Integrated Annual Report serves as Co-operators Public Accountability Statement and is made available to all members, clients and the public. Access to financial services in times of financial volatility $3.4 billion in retail wealth assets under management and administration, offering a wide range of investment solutions that don't exclude lower-income Canadians. Investments for a sustainable, climate-resilient future $7.05 billion invested in impact and climate transition investments. Insurance designed for a changing climate 739,058 Canadian households are covered by Comprehensive Water, Canada's first and only product to provide access to flood insurance for all flood risk levels, including storm surge in coastal areas. Social impact $13.3 million contributed to organizations building environmental resilience, enriching social wellness, creating a more inclusive economy and championing a co-operative society. About Co-operators Proudly Canadian since 1945, Co-operators is a leading financial services co-operative, offering multi-line insurance and investment products, services, and personalized advice to help Canadians build their financial strength and security. With more than $71 billion in assets under administration, Co-operators is well known for its community involvement and its commitment to sustainability. Currently a carbon neutral organization, Co-operators is committed to net-zero emissions in its operations and investments by 2040, and 2050, respectively. Co-operators is recognized as one of Canada's Top 100 Employers and ranked as one of Corporate Knights' Best 50 Corporate Citizens in Canada. Media requiring further information and/or interviews, please contact: Co-operators Media Office [email protected]
