Canada’s financial cooperative Desjardins Group has shown surplus earnings of $816 million before member dividends in the third quarter of 2021, up by $87 million or 11.9% from last year, informs a release issued by the cooperative body.
Explaining the cooperative said its earnings growth was primarily due to lower losses in its property and casualty insurance segment and “strong performance” from the caisse network.
The president and CEO of the cooperative called the results “excellent” and consistent with the trend from earlier in the year. The cooperative boasts total assets of $390.6 billion this quarter, marginally higher than the previous quarter.