Learn languages naturally with fresh, real content!

tap to translate recording

Explore By Region

flag 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.

flag 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. flag 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. flag The company’s investment portfolio reached $29.7 million, but net investment income fell over 30% due to lower returns and asset liquidation. flag 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. flag 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. flag The company continues its focus on decentralized insurance and centralized investment management.

9 Articles