Desjardins announces its results for the second quarter of 2026
Lévis, August 12, 2026 – With the results announced today, Desjardins Group has the means to realize its ambitions: giving its members and clients the support they need to be more financially empowered and making a real difference in the development of the communities it serves. For the second quarter of 2026, the provision for member dividends was increased by $151 million, compared to $113 million for the corresponding period of 2025, an increase of 33.6%. Amounts returned in the form of sponsorships, donations and scholarships totalled $39 million, of which $19 million came from the caisses' Community Development Fund.
Desjardins Group recorded surplus earnings before member dividends of $1,213 million, up $313 million, or 34.8% compared to the same period of 2025. Total net revenue rose by 13.0%, due in particular to higher net interest income in the Personal and Business Services segment. The Wealth Management and Life and Health Insurance segment also posted higher revenue, attributable to growth in assets under management and under administration, related in particular to the acquisition of Guardian Capital Group Limited (Guardian).([1]) As for the Property and Casualty Insurance segment, higher revenue, essentially from automobile and property insurance, was partly offset by higher claims in the current year and the occurrence of flooding in Quebec.
"Our financial performance has value only if it translates into tangible benefits for our members and clients as well as for communities," said Denis Dubois, President and Chief Executive Officer of Desjardins Group. "This is the true strength of our cooperative model: the results we generate enable us to give back and take action where the needs are greatest, particularly in the area of affordable housing. To date, more than 7,000 housing units have been built, are under construction or have commitments in place as part of our ambition to support 10,000 units by 2028, in order to help tackle the affordability crisis. This same desire to make a tangible impact is reflected in our support for community development projects across the country, such as our $1 million contribution to the mining innovation zone in Rouyn-Noranda, as well as in the support we are providing to individuals and businesses in an economic climate that remains challenging. The discussions I've had over the past few months during our tour of communities have confirmed that people are looking for a strong financial partner that is committed and attuned to their realities. And that is exactly the role we intend to continue playing.”
For the first six months ended June 30, 2026, Desjardins Group recorded surplus earnings before member dividends of $2,173 million, up $535 million from the same period in 2025. This growth was due in particular to the results of the Personal and Business Services segment, which benefited from higher net interest income and a decrease in the provision for credit losses. The Property and Casualty Insurance segment also contributed to this increase through higher revenue from automobile and property insurance. For the Wealth Management and Life and Health Insurance segment, the increase in revenue attributable to the growth in assets under management and under administration, notably following the acquisition of Guardian, was offset by an increase in expenses related to these items.
Strategic partnership in assistance services
During the quarter, Desjardins reached a significant milestone in the development of its insurance assistance offer when it announced a major 10-year strategic partnership with CanAssistance. The goal of this partnership, which will close in 2027 and which includes CanAssistance's acquisition of Desjardins's Assistel platform, is to strengthen the quality and continuity of the assistance services offered to Desjardins members and clients.
Support for women's sports and community engagement
Desjardins also announced multi-year partnerships with Halifax Tides and Montréal Roses, reaffirming its commitment to supporting the development of professional women's sport in Canada. Among other things, these initiatives seek to foster inclusion, promote inspirational models and generate positive, sustainable impacts in communities.
Leadership in the climate transition
Five years after announcing its climate ambition, Desjardins has issued a report demonstrating tangible progress, particularly in terms of a significant increase in renewable energy's share of its financing portfolio and major investments in the energy transition. These steps taken bear witness to Desjardins's commitment to supporting members and clients in the transition to a low-carbon economy, while acknowledging ongoing challenges.
Raising awareness of climate risks
In the second quarter, Desjardins Insurance also helped advance awareness of climate risks through a national survey that revealed that Canadians are increasingly aware of severe weather events. The results highlight a need for support in the form of practical advice, providing Desjardins an opportunity to become a key player in prevention and financial education.
Recognition of the financial strength of Desjardins Financial Security
AM Best has assigned strong credit ratings to Desjardins Financial Security (DFS), recognizing its financial strength. DFS has been assigned a financial strength rating of A (excellent) and a long-term issuer rating of a+ (excellent), with a stable outlook. The agency thus underlined the strength of DFS's business model and its ability to honour its commitments to its policyholders.
([1]) On March 23, 2026, through Desjardins Global Asset Management (DGAM), an indirect subsidiary of the Federation des caisses Desjardins du Québec (the Federation), Desjardins Group completed the acquisition of all the outstanding shares of Guardian Capital Group Limited (Guardian).