MONTREAL, QUEBEC – On Thursday, April 27, at its annual meeting of shareholders, Optimum’s management presented its results for the year 2016. Revenue now stands at 765 millions of dollars. Return on equity was over 11%, net premiums increased 16% and total assets increased by 9%. In addition, assets under management by its Canadian investment management subsidiary are currently close to $ 9 billion.
“In 2016, the Optimum Group once again made excellent profits, with each of its business sectors surpassing its corporate objectives, despite the still turbulent international economic climate and the persistently low interest rates. ‘interests. “Said Anabelle Blondeau, President and Chief Operating Officer of Groupe Optimum inc. “The growth and success of our company is based on such values as integrity and risk management, as well as the high level of technical expertise and talent of our teams, for nearly 50 years “She added.
The financial group also awarded the Optimum Company of the Year 2016 prize to its subsidiary Optimum Reassurance inc. The company was awarded the title due to the substantial growth of its new business in individual reinsurance, as well as its net premiums, and its profitability.
About Optimum Reassurance inc.
Optimum Reinsurance has been serving the life reinsurance industry in Canada for nearly 45 years. The company is active in individual, collective and health care reinsurance outside Canada. Optimum Reinsurance, with offices in Montreal, Toronto and Barbados, is the only Canadian-owned life reinsurer to offer the full range of life reinsurance services.
About Groupe Optimum inc.
Founded in 1969 by actuaries, Groupe Optimum is an international private-sector Canadian financial group operating in the areas of life reinsurance, property and casualty insurance, life insurance, actuarial- Advice and asset management. The group is present in Canada, the United States and France. More than 550 employees contribute to its success.
Source: Optimum Group Inc.