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Home > Company Index > Insurance > Life Insurance > Desjardins-Laurentian Financial Corporation

Desjardins-Laurentian Financial Corporation
 PROFILE
Desjardins-Laurentian Financial is the publicly traded subsidiary of the Quebec-based financial services cooperative, Mouvement des caisses Desjardins. Desjardins-Laurentian offers insurance, investment, and asset management through subsidiaries. Services include life and general insurance, mutual funds, trust services, and securities brokerage. The majority of revenues come from life insurance, which the company sells under its Desjardins-Laurentian name in Quebec and Imperial Life (which is being merged into the company) in the rest of Canada. Though it primarily operates in Quebec, the company is trying to expand its operations to other parts of Canada through growth and acquisitions.

 COMPETITION
Caisse de dépôt et placement du Québec (dossier)
Manulife Financial Corporation (MFC)
Sun Life Financial Services of Canada Inc. (SLC)

 FINANCIAL OVERVIEW
Fiscal Year-End: December
2000 Sales (mil.): 2,161.10
1-Yr. Sales Growth: 7.8%
Employees: 12,702
Revenue per employee: $170,138.56

 KEY PEOPLE
• Michel Thérien
    CEO
• Norman A. Turnbull
    CFO

 CONTACT INFO
1 Complexe Desjardins, S. Tower, 40th Fl., P.O. Box 10500
Montreal Quebec H5B 1J1, Canada
Phone: 1-514-281-7063
Fax: 1-514-281-7110

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