Learn languages naturally with fresh, real content!

Popular Topics
Explore By Region
Western Investment's 2025 Q3 net income rose to $0.6M, fueled by higher premiums and strong investments, despite declining service results and lower investment income.
Western Investment Company of Canada reported third-quarter 2025 net income of $0.6 million, up from $0.5 million a year earlier, driven by higher gross written premiums at Fortress Insurance and strong equity-accounted investment performance.
Fortress Insurance saw premiums rise to $16.8 million and revenue grow 26%, though its service result declined 38% due to increased claims and long-tail policy costs.
The company’s investment portfolio reached $29.7 million, but net investment income fell over 30% due to lower returns and asset liquidation.
The trailing 12-month loss ratio improved to 53.3%, with normalized expense and combined ratios at 47.7% and 97.4% when excluding one-time costs.
Other portfolio companies showed mixed results, with GlassMasters Autoglass and Golden Health Care posting revenue and EBITDA gains, while Foothills Creamery saw margin and EBITDA declines.
The company continues its focus on decentralized insurance and centralized investment management.
El beneficio neto de Western Investment en el tercer trimestre de 2025 subió a 0,6 millones de dólares, impulsado por primas más altas y fuertes inversiones, a pesar de la disminución de los resultados en servicios y la reducción de ingresos por inversiones.