April 22, 2018 11:15 AM ET

Insurance

Company Overview of Economical Insurance Group Ltd.

Company Overview

Economical Insurance Group Ltd. provides property and casualty insurance products to customers in Canada. The company offers personal insurance products, such as automobile, property, and liability insurances; business insurance solutions for small and mid-size businesses, groups or associations, and commercial vehicles; farm insurance products, which include premier dairy, premier poultry, and winery insurance solutions; and surety insurance solutions in the areas of contract and commercial surety. It markets and sells its products through independent insurance brokers. The company was founded in 1871 and is headquartered in Waterloo, Canada. It has branches in Calgary, Edmonton, Vancouver,...

111 Westmount Road South

P.O. Box 2000

Waterloo, ON N2J 4S4

Canada

Founded in 1871

Phone:

519-570-8200

Fax:

519-570-8389

Key Executives for Economical Insurance Group Ltd.

Chief Executive Officer and President
Age: 53
Chief Financial Officer, Executive Vice President and President of Economical Financial
Chief Information Officer and Senior Vice President
Chief Marketing Officer and Senior Vice President
Chief Human Resources Officer and Senior Vice President
Compensation as of Fiscal Year 2017.

Economical Insurance Group Ltd. Key Developments

Economical Insurance Group Ltd. Announces Consolidated Earnings Results for the Three Months and Full Year Ended December 31, 2017

Economical Insurance Group Ltd. announced consolidated earnings results for the three months and full year ended December 31, 2017. For the quarter, the company reported gross written premium of $541.4 million as compared to $521.8 million for the same period last year. Net earned premiums $555.9 million as compared to $499.6 million for the same period last year. Net loss was $28 million as compared to $38.3 million for the same period last year. Total investment income was $54.2 million against $1.0 million a year ago. For the year, the company reported gross written premium of $2,286.9 million as compared to $2,084.1 million for the same period last year. Net earned premiums was $2,165.8 million as compared to $1,955.6 million for the same period last year. Net loss was $92.7 million as compared to $20.3 million for the same period last year. Total investment income was $139.1 million against $135.4 million a year ago.

Economical Insurance Appoints Susan Monteith to its Board of Directors, Effective January 1, 2018

Economical Insurance announced the addition of Susan Monteith to its Board of Directors, effective January 1, 2018. Ms. Monteith has been a trusted advisor over the course of her career in capital markets. She has served on the Campaign Cabinet for the United Way of Toronto & York Region, and the board of Toronto Rehab Hospital Foundation. She was also a founding board member of Women in Capital Markets and is regarded as an advocate for women in the capital markets industry. With more than 30-years of experience in senior leadership roles with National Bank Financial, Genuity Capital Markets and CIBC World Markets, she is a valued addition to the Board of Directors at Economical.

Economical Insurance Group Ltd. Presents at Connections 2017, Nov-13-2017 through Nov-16-2017

Economical Insurance Group Ltd. Presents at Connections 2017, Nov-13-2017 through Nov-16-2017. Venue: Las Vegas, United States. Presentation Date & Speakers: Nov-15-2017, Rowan Saunders, Chief Executive Officer and President.

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Recent Private Companies Transactions

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Date
Target
No transactions available in the past 12 months.
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