Despite posting a loss for the third quarter 2002, Toronto-based Goran Capital (TSE: GNC; OTCBB: GNCNF) seems poised for a rebound. This year’s net loss of $3.32 million, or $0.62 per share, for the quarter ending September 30 is a vast improvement over the loss of $9.04 million, or $1.57 per share, reported last year for the same period.On preferred securities, the quarterly loss is $1.24 million, or $0.23 per share, versus a loss of $6.56 million, or $1.14 per share, reported in Q3 2001.Year-to-date, the company reports a net loss of $17.68 million, or $3.28 per share, compared to a $24.68 million loss, translating to $3.90 per share, for the first nine months of 2001.On preferred securities the year-to-date net loss is $11.61 million, or $2.15 per share, versus a loss of $14.8 million, or $2.57 per share, at the same point last year.Goran owns specialty insurance companies, primarily in non-standard auto, and is parent company of Toronto-based Granite Insurance, as well as several U.S. subsidiaries and a Barbados-based reinsurance company.
After Calgary’s record-breaking storm, do homeowners have proper hail coverage?
This summer’s hailstorm that caused over $2.8 billion in damage across the city of Calgary helps raise the question: do homeowners have sufficient coverage for their risk? “Most home insurance policies cover damage caused by hailstorms, however the extent of the coverage and what the policy covers can vary,” says Steven Harris, licensed insurance broker […]
By Alyssa DiSabatino | September 24, 2024
2 min read
