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August 03, 2015 8:03 AM ET

Insurance

Company Overview of Desjardins General Insurance Group Inc.

Company Overview

Desjardins General Insurance Group Inc., through its subsidiaries, provides a range of direct property and casualty insurance products to the general public and businesses in Quebec, and members of partner groups across Canada. It offers automobile insurance products that cover for party liability, accident benefits, direct compensation property damage, uninsured driver and optional coverage, collision, family protection, and loss of use; and property insurance products for all risks and basic coverage. The company also provides motorcycle and recreational vehicle insurance that covers for all-terrain vehicles, snowmobiles, trailers, motor homes, boats, and personal watercraft; and business ...

6300, Boulevard de la Rive-Sud

Levis, QC G6V 6P9

Canada

Founded in 1944

Phone:

418-835-4850

Fax:

418-835-5599

Key Executives for Desjardins General Insurance Group Inc.

President and Chief Operating Officer
General Manager
Compensation as of Fiscal Year 2015.

Desjardins General Insurance Group Inc. Key Developments

Desjardins General Insurance Group Inc. Announces Consolidated Earnings Results for the First Quarter Ended March 31, 2015

Desjardins General Insurance Group Inc. announced consolidated earnings results for the first quarter ended March 31, 2015. For the first three months ended March 31, 2015, the company posted a net income of $73.7 million, compared to $16.7 million for the same period in 2014. Return on equity (ROE) was 16.0% in the quarter, which included the one-time gain, compared to 5.9% in 2014. Direct written premiums increased by 77.8% to $908.7 million compared to $511.2 million reported in the same period last year, mainly due to the acquisition of State Farm's Canadian operations.

Desjardins General Insurance Group Reports Consolidated Earnings Results for the Fourth Quarter and Full Year Ended December 31, 2014

Desjardins General Insurance Group reported consolidated earnings results for the fourth quarter and full year ended December 31, 2014. For the quarter, the company posted direct written premiums of $526.2 million against $495.0 million a year ago. Net income was $22.1 million against $81.8 million a year ago. Return on equity was 7.2% against 29.6% a year ago. For the year, the company posted direct written premiums of $2,235.7 million against $2,112.1 million a year ago. Net income was $151.3 million against $195.2 million a year ago. Return on equity was 12.9% against 19.0% a year ago.

Desjardins General Insurance Group Inc. Announces Consolidated Earnings Results for the Third Quarter and Nine Months Ended September 30, 2014

Desjardins General Insurance Group Inc. announced consolidated earnings results for the third quarter and nine months ended September 30, 2014. For the quarter, the company reported net income of $63.0 million, up 38.8% from the corresponding period in 2013. Direct written premiums increased 5.8% to $581.9 million, the result of multiple growth initiatives across all market segments and regions. Return on equity was 20.9%, compared to 17.6% in 2013. For the nine months, the company reported net income was $129.2 million, up 13.9% from the same period in 2013. The ROE was 14.6%, compared to 15.2% in 2013. This decrease was largely due to the transaction and integration costs incurred as part of the acquisition of State Farm's Canadian operations. Direct written premiums increased by 5.7% to $1,709.5 million, while the number of policies-in-force grew by almost 88,000 to 2,257,000 since the beginning of the year.

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