Third Quarter 2021 Results This quarterly earnings news release should be read in conjunction with our third quarter 2021 unaudited condensed consolidated interim financial statements and Management's Discussion and Analysis (MD&A) as well as our 2020 Annual Report which are available on SEDAR at www.sedar.com. Unless otherwise noted, all amounts are expressed in Canadian dollars.
GUELPH, ON, Oct. 28, 2021 /CNW/ - Co-operators General Insurance Company (Co-operators General) today released consolidated financial results for the three months ended September 30, 2021. The consolidated net income was $86.8 million compared to net income of $152.3 million for the same quarter in 2020. This resulted in earnings per common share of $3.20 for the quarter, compared to earnings per share of $5.67 in the same period last year.
"Our strong financial performance is the result of a continued momentum driven by positive underwriting results and the stability of our investments," said Rob Wesseling, CEO of Co-operators. "From this position of capital strength, we can invest in solutions to better serve Canadians in a rapidly changing world, navigate uncertainty in our midst, and continue prioritizing the resilience of our clients and communities."