EGI Financial Q3 results down 18.7%

EGI Financial Holdings Inc. (TSX: EFH) has reported a profit of Cdn$4.5 million for 2007 Q3, marking an 18.7% decrease over last year’s Q3.
The company reported a combined ratio of 88.5% and Cnd$42.3 million in direct written premiums, a 45.1% increase over the same period of time last year.
Net written premiums increased from 2006 Q3’s Cdn$26.6 million to Cdn$39.6 million in 2007 Q3.
Underwriting income, however, decreased 43.2% to Cdn$3.5 million in 2007 Q3.