For the same quarter in 2023, the company reported a loss.
Before this purchase, the reinsurer owned 9.88 per cent of the company’s common shares.
The company that operates Economical and Sonnet, among other insurers, reports its fourth quarter 2022 results.
The company, which includes Economical, Sonnet and Petline, released its results for the first quarter of 2022.
The company includes Economical Insurance, Sonnet Insurance, Petline Insurance Company and Family Insurance Solutions.
The company also announced the name of what will be the insurer’s parent company.