Company Overview of Economical Insurance Group Ltd.
Economical Insurance Group Ltd. operates as a property and casualty insurance company in Canada. It offers personal insurance solutions, such as automobile, property, and liability insurance solutions; business insurance solutions for small and mid-size businesses, groups or associations, and commercial vehicles; farm insurance solutions, which include premier dairy, premier poultry, premier equine, and winery insurance solutions; and surety insurance solutions in the areas of contract and surety. It sells its insurance solutions through independent insurance brokers. Economical Insurance Group Ltd. was founded in 1871 and is based in Waterloo, Canada. The company has branches in Calgary, Ed...
111 Westmount Road South
P.O. Box 2000
Waterloo, ON N2J 4S4
Founded in 1871
Key Executives for Economical Insurance Group Ltd.
Chief Executive Officer, President and Director
Chief Financial Officer, Senior Vice-President and President of Economical Financial
Chief Operating Officer and Senior Vice-President
Chief Information Officer and Senior Vice-President
Chief Strategy Officer and Senior Vice-President
Compensation as of Fiscal Year 2015.
Economical Insurance Group Ltd. Key Developments
Economical Insurance Group Ltd., Annual General Meeting, Jun 24, 2015
May 19 15
Economical Insurance Group Ltd., Annual General Meeting, Jun 24, 2015., at 10:30 US Eastern Standard Time. Location: Bingemans Ballroom. Agenda: To consider the appointment of the external auditors; to consider the election of directors; and to consider the ratification of the company's By-law.
Economical Insurance Group Ltd. Proposes Amendment to its By-Law
May 15 15
Economical Insurance Group Ltd. announced at the AGM to be held on June 24, 2015 to confirm and ratify the company's by-law A.5 (Advance Notice By-law), which was adopted by the board of directors on May 5, 2015. The Advance Notice By-law is intended to provide an orderly, transparent and fair director nomination process which allows members to fully participate in the director election process in an informed and effective manner.
Economical Insurance Announces Consolidated Earnings Results for the First Quarter Ended March 31, 2015
May 5 15
Economical Insurance announced consolidated earnings results for the first quarter ended March 31, 2015. The company's consolidated net income was $34.2 million for the first quarter of 2015 compared to $1.0 million during the same period a year ago. The improvement was driven by higher investment income stemming from increased capital gains and a one-time after-tax discounting recovery of $12.0 million from the reduction of the interest rate margin within claim liabilities. Gross written premiums was $422.1 million against $413.7 million a year ago. Net premiums earned was $469.4 million against $453.6 million a year ago.
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