Profits slide at OIL as mutual welcomes five new members
27-04-2021
15-03-2021
Oil Insurance (OIL) held its 2021 annual general meeting of shareholders on April 20, 2021, a virtual event at which executives shared details of the company’s financial results and welcomed five new members to the mutual insurance company.
OIL reported a $467 million of net profit in 2020, driven principally by a $420 million profit earned from net investment income. While this represented a significant fall compared to its $1.03 billion profit in 2019, it avoided a repeat of the $675.6 million loss generated in 2018.
OIL also welcomed five new shareholders into the mutual, including: Ecopetrol; Federated Co-Operatives; Inter Pipeline; Pembina Pipeline Corporation; and United Refining Company.
Oil Insurance reports $467m profit, driven by investments royalgazette.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from royalgazette.com Daily Mail and Mail on Sunday newspapers.
Feb 13, 2021
The Youngsville Free Methodist church will host its annual Lenten fish fry dinners from 5 to 7 p.m. Fridays starting Feb. 19.
The cost is $10 donation per meal, with dine-in or take-out orders available. The meal includes Fish, choice of potato (baked or fries), choice of coleslaw or applesauce, and roll.
The Youngsville Free Methodist Church’s Food Ministry is available on a first-come, first-served basis every Friday from 10 a.m. to 1 p.m. or until gone (as food quantity varies weekly). Food is also available on a first-come, first-served basis on the first and third Monday and Wednesday of each month from 10 a.m. to 1 p.m. or until food is gone.
Politico reported last week that the developer and Gristedes owner who also has interests in oil refining and insurance would soon decide whether to become a Democrat to run for mayor.
Catsimatidis’ logic, as he told Politico’s Erin Durkin, is: “With ranked choice voting in the primary, who knows what happens?”
With New York voters ranking up to three candidates on their ballots for the first time, we don’t know who will win. But we know who won’t: Catsimatidis.
I don’t mean to insult the man. He is, after all, a self-made billionaire, not to mention a graduate of test-in high school Brooklyn Tech. But he’s not so much a genius as a savant a college dropout who parlayed ambition, intuition and luck into a $3 billion fortune.