DBRS Releases Report on Co-operators General Insurance Company

DBRS has today released a report on Co-operators General Insurance Company (CGIC or the Company) that provides further detail on the recent rating confirmation of the Company’s Non-Cumulative Preference Shares at Pfd-3 (high), with a Stable trend.

As part of a larger financial services group, the Company enjoys a strong franchise in the co-operative space, the benefits of which have been highlighted by a more comprehensive and integrated management style. Recent management initiatives to reduce costs, to contain underwriting risk and to cultivate deeper customer relationships are evidence of a new approach to the business.

Although 2010 financial results did not demonstrate any financial improvements as a result of these changes, DBRS believes that the underwriting results in H1 2011, particularly in the auto insurance segment, have begun to demonstrate the favourable impact of these changes.

Today’s report and the September 9, 2011, press release are available at www.dbrs.com or by contacting us at info@dbrs.com.