Northwire Canada EditionSaturday, October 17, 2026
Sign inSubscribe
Northwire
⌕
GOLD 4181.10 +0.3% SILVER 57.30 +0.3% COPPER 6.57 +0.3% OIL 99.02 +1.1% PALLADIUM 1118.60 −0.9% GBU 0.095 +0.0% ATY 0.225 +4.7% GRDM 0.215 +0.0% PPM 0.300 +0.0% GZD 0.040 −11.1% CAN 0.060 +0.0% BGF 0.025 +0.0% MSV 0.570 +0.0% CCMM 0.485 +0.0% MON 0.385 −6.1% OMI 0.245 −2.0% BUFF 0.800 +2.6% FEO 0.630 −3.1% LIB 0.710 −1.4% NPR 0.620 +0.0% QZM 0.380 +0.0% GOLD 4181.10 +0.3% SILVER 57.30 +0.3% COPPER 6.57 +0.3% OIL 99.02 +1.1% PALLADIUM 1118.60 −0.9% GBU 0.095 +0.0% ATY 0.225 +4.7% GRDM 0.215 +0.0% PPM 0.300 +0.0% GZD 0.040 −11.1% CAN 0.060 +0.0% BGF 0.025 +0.0% MSV 0.570 +0.0% CCMM 0.485 +0.0% MON 0.385 −6.1% OMI 0.245 −2.0% BUFF 0.800 +2.6% FEO 0.630 −3.1% LIB 0.710 −1.4% NPR 0.620 +0.0% QZM 0.380 +0.0%
Earnings

Sagen MI Canada Inc. Reports Third Quarter 2025 Results and Declares Preferred Share Dividend

By The Northwire Desk — AI Analysis Nov 06, 2025 · 17:03 MIC · 23.5 None
MIC · Price

Executive Summary

  • Sagen MI Canada Inc. reported third‑quarter 2025 net income of $119 million, a $27 million decline versus the same quarter last year, driven by lower insurance revenue and investment income.
  • The Board declared a preferred share dividend of $0.3375 per Class A preferred share, Series 1, payable December 31, 2025 to shareholders of record on December 15, 2025.
  • Full unaudited condensed consolidated interim financial statements and MD&A are available on SEDAR+ and the company’s investor‑relations website.

Key Details

  • Net Income: $119 million for Q3 2025.
  • Year‑over‑Year Change: Down $27 million (≈‑18.5%) from Q3 2024, primarily due to reduced insurance revenue and lower investment income.
  • Preferred Dividend Declared: $0.3375 per Class A preferred share, Series 1.
  • Record Date: Close of business on December 15, 2025.
  • Payment Date: December 31, 2025.
  • Dividend Designation: Treated as “eligible dividends” for Canadian tax purposes unless otherwise indicated for future payments.
  • Financial Position (as of September 30, 2025): Total assets $7.0 billion; shareholders’ equity $2.8 billion (per company background).
  • Reference Materials: Unaudited condensed consolidated interim financial statements and Management’s Discussion & Analysis posted on SEDAR+ and the investor‑relations section of the company website.

Notable Quotes

(No executive quotes were included in the release.)

Read the original news release →

More from None

Apr 30, 2026 · 18:09

Q1 2026 Earnings Summary

Earnings Mar 02, 2026 · 17:01

Sagen MI Canada Inc. Receives New Credit Rating Upgrade, S&P Global Ratings Raised The Company's Rating To 'A-' from 'BBB+' On Low Structural Subordination

Other Jan 29, 2026 · 17:01

Sagen MI Canada Inc. Reports Fourth Quarter 2025 Results and Declares Preferred Share Dividend

Earnings