Overview

* Co-operators Q2 net income rises to C$149.7 mln from C$95.7 mln

* EPS for Q2 increases to C$5.35 from C$3.36 yr/yr

* Direct written premiums grow 8.3%, net insurance revenue up 13.9% yr/yr

Result Drivers

* PREMIUM GROWTH - Increase in average premiums and new business drove DWP and NIR growth, with auto and home lines in Ontario contributing significantly

* INVESTMENT RETURNS - Positive investment portfolio returns, particularly in equities, boosted net investment income

* CLAIMS AND EXPENSES - Higher major event activity and current accident year claims led to increased claims and expenses, impacting underwriting income

Key Details

Metric Beat/Mis Actual Consensu

s s

Estimate

Q2 Net C$1.35

Insuranc bln

e

Revenue

Q2 EPS C$5.35

Q2 Net C$149.70

Income mln

Q2 95.3%

Adjusted

Combined

Ratio

Q2 C$63.90

Adjusted mln

Underwri

ting

Result

Q2 ROE 21.8%

Press Release:

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)