February 27, 2003 by Canadian Underwriter
In reporting its overall results for the fourth quarter and yearend 2002, TD Bank Financial Group notes that insurance products brought in gross premiums of $282 million during the last quarter of the year. This is up $56 million, or 25%, over fourth quarter 2001, the company notes.
TD sells insurance through its TD Insurance and Meloche Monnex operations, part of TD Canada Trust.
Overall, insurance revenues increased 10% or $8 million year-over year for the fourth quarter.
The company says it will focus on insurance moving forward in order to grow its marketshare, which is below target.
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