Financial Group

SSQ Financial Group announces positive results

SSQ Financial Group posted positive results in 2016, marking a clear increase over 2015. Insurance business volume rose to $2,342.5 million, thanks to an excellent group insurance retention rate and record individual insurance sales.

 

HIGHLIGHTS – 2016 FINANCIAL RESULTS

• Insurance business volume up by 7.9%
• Insurance sales up by 18.6%
• Equity attributable to shareholders up by 8.9%
• Net income up 19.8%, generating 10.2% in return on equity
• More than $11 billion in assets under management and under administration

 

RENÉ HAMEL APPOINTED CHAIRMAN OF THE BOARDS

Pierre Genest presided over his last annual meeting, held on April 29, after having announced his retirement last March. His successor will be René Hamel, who was elected director and then appointed chairman by the boards of directors. SSQ Financial Group is therefore very pleased to welcome back René Hamel, who worked for the company from 1986 to 2015, with the last seven years of his tenure as Chief Executive Officer.

 

For more information, please visit: ssq.ca/about us/financial-information