According to recent reports, both SGI and SaskTel have proven to be highly profitable for the province of Saskatchewan. This news comes as a welcome relief for the province, which has faced economic challenges in recent years.
SGI, the province’s public auto insurance company, reported a net income of $85.3 million for the 2020-2021 fiscal year. This is a significant increase from the previous year’s net income of $29.9 million. The company attributes this success to a decrease in claims and an increase in investment income.
SaskTel, the province’s telecommunications company, also reported strong financial results. The company’s net income for the 2020-2021 fiscal year was $139.5 million, an increase of $10.5 million from the previous year. This is the 17th consecutive year that SaskTel has reported a net income of over $100 million.
Both SGI and SaskTel have been able to achieve these impressive financial results despite the challenges posed by the COVID-19 pandemic. This is a testament to the resilience and adaptability of these companies.
The success of SGI and SaskTel is not only beneficial for the province’s economy, but also for its residents. The profits generated by these companies are reinvested into the province, helping to fund important services and infrastructure projects.
In addition to their financial success, SGI and SaskTel have also been recognized for their commitment to customer service. SGI was recently named the top auto insurer in Canada for customer satisfaction, while SaskTel received the highest score for customer satisfaction among telecommunications companies in the J.D. Power 2021 Canada Wireless Network Quality Study.
Overall, the strong financial performance of SGI and SaskTel is a positive sign for the province of Saskatchewan. These companies have proven to be valuable assets, providing both economic stability and quality services for the people of Saskatchewan.
