Financial Group
SSQ Insurance unveils solid financial results at its annual meeting
SSQ Insurance continued its growth in 2017, delivering solid results. The company has once again demonstrated financial stability while continuing to adapt and seize every opportunity to innovate.
Highlights – 2017 Financial Results
- Insurance business volume is up 4.9%
- Net income is more than $90 million, up by 16.5%
- Return on equity is 10.8%
- Assets under management and administration stand at more than $12 billion
“The synergies stemming from the company’s transformation that began in 2016 continue to manifest themselves and efficiency gains have been observed throughout the 2017 fiscal year. These results, combined with optimization projects based on strategic objectives, have enabled the company to manage a larger business volume while keeping its operating expenses at almost the same level as last year,” said Jean‑François Chalifoux, CEO.
For more information, please visit: ssq.ca/about-us/financial-information