{"id":48243,"date":"2017-03-04T21:53:00","date_gmt":"2017-03-05T02:53:00","guid":{"rendered":"https:\/\/prefblog.com\/?p=48243"},"modified":"2025-07-15T21:54:23","modified_gmt":"2025-07-16T01:54:23","slug":"ccs-pr-c-outlook-positive-says-sp","status":"publish","type":"post","link":"https:\/\/prefblog.com\/?p=48243","title":{"rendered":"CCS.PR.C Outlook Positive, Says S&#038;P"},"content":{"rendered":"<p>Standard &#038; Poor&#8217;s <a href=\"https:\/\/www.standardandpoors.com\/en_AU\/web\/guest\/article\/-\/view\/type\/HTML\/id\/1810059\">has announced<\/a>:<\/p>\n<blockquote>\n<ul>\n<li>\u2022We have revised our assessments of Co-Operators&#8217; business risk profile, financial risk profile, and liquidity.\n<li>\u2022We are affirming our ratings on Co-operators and its core operating subsidiaries.\n<li>\u2022The positive outlook reflects our expectation that the successful execution of their strategy can lead to increased diversification benefits from non-P\/C business and is supported by very strong capitalization.<\/ul>\n<p><b>&#8230;<\/b><br \/>The outlook is positive. We expect stabilization in the performance from the life business, profitability from the asset-management business, and continued strong results from the P\/C and brokerage businesses, contributing about one-third to group earnings. We expect Co-operators General Insurance Co. to continue to drive profitability for the group, and the total earnings to correlate with the broader performance of the Canadian personal-lines sector. We further expect capitalization to remain at least very strong.<\/p>\n<p>We could consider a positive rating action in the next 24 months if the company demonstrates its ability to penetrate its cooperative membership further and effectively cross-sell to policyholders across the platform while exhibiting performance in line with the Canadian P\/C industry. In addition we would expect the life operations to continue to improve profitability sustaining return on equity in the 6-8% range and for the asset management and brokerage division to be accretive to earnings. We also expect the consolidated ROR to be in the 7%-9% range.<\/p>\n<\/blockquote>\n<p>The sole affected instrument is CCS.PR.C.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Standard &#038; Poor&#8217;s has announced: \u2022We have revised our assessments of Co-Operators&#8217; business risk profile, financial risk profile, and liquidity. \u2022We are affirming our ratings on Co-operators and its core operating subsidiaries. \u2022The positive outlook &hellip;<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[13],"tags":[],"class_list":["post-48243","post","type-post","status-publish","format-standard","hentry","category-issue-comments"],"_links":{"self":[{"href":"https:\/\/prefblog.com\/index.php?rest_route=\/wp\/v2\/posts\/48243","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/prefblog.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/prefblog.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/prefblog.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=48243"}],"version-history":[{"count":1,"href":"https:\/\/prefblog.com\/index.php?rest_route=\/wp\/v2\/posts\/48243\/revisions"}],"predecessor-version":[{"id":48244,"href":"https:\/\/prefblog.com\/index.php?rest_route=\/wp\/v2\/posts\/48243\/revisions\/48244"}],"wp:attachment":[{"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=48243"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=48243"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=48243"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}