加拿大承销商
特征

金钟成为投资障碍


April 1, 1999   由加拿大保险商


打印此页 分享

在东京证券交易所上市的金钟金融控股公司(QFH)公布,在截至1998年12月的财政年度中,每股收益下降了59%,至52c。公司’的董事将收益下降归因于 once-off cost associated with a claims under-reserve of $13 million disclosed at Paradigm 保险Co., a U.S.-based insurer acquired by 优质食品 last year.

优质食品 is a financial services holding company specializing in investment in property and casualty insurance businesses across North America. The group’公司的主要活动集中在加拿大的安大略省和美国的几个州。

In a statement released prior to the official yearend result announcement, the directors say roughly two-thirds of the under-reserve amount is not recoverable from the former owners of Paradigm. The lower earnings a share shown for 1998 also reflects a 28% increase in the number of outstanding shares to 13.014 million shares due to a share offering undertaken during the year. Furthermore, the directors report that another investment, International Indemnity Group, produced poor results for the year, which added pressure to 优质食品’s bottom-line.

Total revenue for the year rose by 97% to $183.387 million (1997: $92.984 million) producing net earnings of $8.044 million (1997: $12.688 million). 优质食品 reported an earnings loss of $7.075 million (1997: $4.198 million) for the last quarter of 1998, translating into a 55c a share loss.

董事表示,由于范式储备不足而造成的损失是一次性事件,不会对集团造成影响’其他业务或其1999年的业绩。“Paradigm的损失准备金大大增加,并建立了针对再保险回收和其他项目的准备金,以确保适当提供所有关注领域。”

优质食品’1998年的总资产比上一年增长了79%,达到8.88亿美元。’的4.94亿美元,主要是由于在此期间完成了四项收购。该集团还披露了在本财政年度新收购的一家位于百慕大的保龄球保险集团。交易的价值没有透露。保龄球业务可确保某些层次的一般责任,财产和工人’密歇根州和其他州的保龄球馆补偿保险。保龄球’截至1998年10月的财政年度,该公司的保费收入为160万美元。