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Despite challenges like a record-setting storm and the COVID-19 pandemic, SGI remains in a stable financial position. That's according to the company'. ....
According to the annual reports it tabled Tuesday, SGI successfully withstood the impacts of COVID-19 during the 2020-21 fiscal year. The Crown corporation’s Auto Fund was able to provide the largest rebate program ever to registered vehicle owners in the province, and its property and casualty insurance arm performed so well financially that it was able to give a record $87-million dividend to the Government of Saskatchewan. “The past year demonstrated that SGI can adapt quickly to serve its customers,” Minister Responsible for SGI Don Morgan said in a media release. “Like most businesses, the COVID-19 pandemic tested SGI in new ways, and I’m proud of how the company worked to put the safety of customers and staff first, while still managing to be fiscally stable and responsible.” ....
By Ryan Young Jul 6, 2021 | 7:02 PM Saskatchewan Government Insurance (SGI) tabled its annual report for fiscal year 2020-21 in the provincial Legislature today (Mon). “The past year demonstrated that SGI can adapt quickly to serve its customers,” Minister Responsible for SGI Don Morgan said in a news release. “Like most businesses, the COVID-19 pandemic tested SGI in new ways, and I’m proud of how the company worked to put the safety of customers and staff first, while still managing to be fiscally stable and responsible.” Highlights from the province’s Auto Fund included $285-million in rebates given to registered vehicle owners as a result of strong investment earnings and lower-than-anticipated collision claims, and $785.5-million in claims were paid out. ....
SGI had strong year financially despite COVID challenges ckom.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from ckom.com Daily Mail and Mail on Sunday newspapers.
SGI had strong year financially despite COVID challenges cjme.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from cjme.com Daily Mail and Mail on Sunday newspapers.