The claims ratio for personal insurance products in Canada climbed considerably during the third quarter.
Company anticipates an increase in claims due to catastrophic events in the next quarter.
Net income reached $1.3 billion in 2023, and direct written premiums surpassed $22 billion.
Levies $260,000 in sanctions in case reported by the Équité Association.
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United Kingdom segment divestment to free up £60-million of capital over time.
Pension buy-in fully insures the company’s United Kingdom defined benefit pension liabilities.