Optimum Financial Group unveiled a solid financial performance at Optimum Group Inc.’s annual shareholders’ meeting on April 29, 2022.
For the third consecutive year, the Group achieves revenues of over one billion Canadian dollars. For the past financial year, the return on equity reaches nearly 12.5%. Also worth noting, net premiums have increased by 17%.
Furthermore, assets under management in Canada, in the United States and in France totalize nearly 8.5 billion Canadian dollars to December 31, 2021.
Despite the negative impacts of the pandemic on mortality, the life insurance, and reinsurance sector nevertheless stands out with very good results and notable growth in net premiums, while the general insurance sector continues to generate excellent underwriting results.
“Our performance indicators are very positive and reflect the rigorous work of our teams of experts dedicated to successfully ensuring the financial security of our clients and partners in an unprecedented context combining the extended pandemic with historically low-interest rates”, comments Anabelle Blondeau, Vice Chair of the Board and President and Chief Executive Officer, Optimum Group Inc.
“We are pursuing and intensifying our research and development work to materialise innovative IT projects, notably in actuarial technique and in medical underwriting, with the perspective of continuously improving our agility.
