2010 SCOR Report shows gains in premiums written, investments and profits

The 2010 SCOR Report has updated the results of five companies, showing a collective, three-year increase for the companies in direct premiums written, investment income and net income.
The companies included in the report are Arch Insurance Company, Canadian Direct Insurance, Desjardins Groupe d’assurances generales, Grain Insurance & Guarantee and P.E.I. Mutual Insurance.
Collectively, the group wrote $1.948 billion in direct premium in 2010, up from $1.76 billion in 2009 and $1.68 billion in 2008.
The five companies saw their collective investment income triple since the market crash in 2008. Their investment income ballooned from $37.6 million in 2008 to $104.6 million in 2010.
Net income almost tripled in three years as well, with the five companies reporting a $54.5-million profit in 2008 to a 130.8-million profit in 2010.