November 25, 1871; 152 years ago (1871-11-25) Kitchener, Ontario, Canada
Founders
A group of Kitchener people
Headquarters
Waterloo, Ontario, Canada
Number of locations
13
Areas served
Alberta British Columbia Nova Scotia Ontario Quebec
Parent
Definity (
TSX: DFY
, 2021-)
Website
economical.com
Economical Insurance, founded in 1871, is a Canadian Property & Casualty insurance company, offering automobile, property, liability, agriculture, and surety insurance. Its executive offices are located in Waterloo, Ontario, with regional offices across Canada.[1] The company has a 4.02% market share, measured by direct written premium in the Canadian Property & Casualty Insurance market as of December 2012.[2] As of 2014, it had about 1.6 billion in mutual policyholder's equity. It is the 9th largest property and casualty insurance company in Canada, by direct written premium and the 20th largest insurance company in Canada, by total assets.[3]
The firm owns several operating subsidiaries, the largest of which is Economical Mutual Insurance Company. Other member companies are Perth Insurance Company, Waterloo Insurance Company, The Missisquoi Insurance Company, and Federation Insurance Company of Canada.
^"Economical Insurance". Economical Insurance. Retrieved 7 May 2020.
^"IBC 2014 Facts" (PDF). Insurance Bureau of Canada. Archived from the original (PDF) on 6 October 2014. Retrieved 2 June 2014.
^"Top 25 Insurance Companies in Canada". Retrieved 17 February 2015.
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