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Home > Company Index > Insurance > Property & Casualty Insurance > Economical Mutual Insurance Company

Economical Mutual Insurance Company
 PROFILE
Economical Mutual plans to remain both, for a while anyway. The Economical Mutual Insurance Company is one of the last mutuals left in Canada. Founded in 1871, the company provides policies to individuals and businesses from offices in Alberta, British Columbia, New Brunswick, Nova Scotia, Ontario, and Quebec. Consumer policies include auto, home, property, and liability insurance; business lines include manufacturers', commercial liability, and farm insurance. The company operates through Economical Insurance and three member companies, one of which, Missisquoi Insurance, has been in operation since 1835. Economical has acquired Hartford Insurance Company of Canada from Hartford Fire Insurance.

 COMPETITION
Fairfax Financial Holdings Limited (FFH)
Insurance Corporation of British Columbia (dossier)
State Farm Insurance Companies (dossier)

 FINANCIAL OVERVIEW
Fiscal Year-End: December
2000 Sales (mil.): 1,116.00
1-Yr. Sales Growth: 28.3%
Employees: 2,350
Revenue per employee: $474,893.62

 KEY PEOPLE
• Noel G. Walpole
    CEO
• Sandy Uppal
    CFO

 CONTACT INFO
111 Westmount Rd. South
Waterloo Ontario N2J 4S4, Canada
Phone: 1-519-570-8500
Fax: 1-519-570-8389
Online: Web Site

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