CO-OPERATORS GENERAL INSURANCE COMPANY REPORTS 2025 FOURTH QUARTER AND YEAR END RESULTS

Executive Summary

• Co‑operators General Insurance reported Q4 2025 net income of C$220.6 M (up 119% YoY) and full‑year net income of C$671.2 M (up 174% YoY).
• Earnings per share rose to C$7.92 for Q4 and C$24.18 for the year, versus C$3.55 and C$8.60 respectively in 2024.
• Key performance metrics improved markedly: combined ratio (ex‑discounting) fell to 89.9% (from 99.6%), ROE increased to 31.3%, and the Minimum Capital Test reached 224%.

Key Details

• Direct Written Premium (DWP): C$1,494.9 M Q4 (↑3.3% YoY); C$5,989.9 M FY (↑7.0%).
• Net Insurance Revenue (NIR): C$1,414.9 M Q4 (↑10.7% YoY); C$5,474.9 M FY (↑13.8%).
• Underwriting Result (ex‑discounting & risk adjustment): C$143.2 M Q4 (vs. C$5.1 M 2024); C$326.5 M FY (vs. loss of C$106.9 M in 2024).
• Combined Ratio:
• Ex‑discounting & risk adjustment: 89.9% Q4 (down from 99.6% YoY); 94.1% FY (down from 102.2%).
• Including discounting & risk adjustment: 88.4% Q4; 93.4% FY.
• Net Investment Income & Gains: C$98.3 M Q4 (↓C$28.0 M YoY); C$495.3 M FY (↑C$24.8 M).
• Return on Equity (ROE): 31.3% Q4 (up from 15.4% YoY); 23.0% FY (up from 9.1%).
• Total Assets: C$9,215.3 M (↑8.2% YoY).
• Shareholders’ Equity: C$3,019.3 M (↑7.6% YoY).
• Capital Strength: Minimum Capital Test at 224%, well above regulatory minimums.

Notable Quotes

“We successfully navigated a year marked by economic uncertainty and market volatility while remaining firmly focused on building long‑term resilience through disciplined operational execution,” – Rob Wesseling, President & CEO.

All figures are presented in Canadian dollars unless otherwise noted.