Eligible mutual policyholders continue the demutualization process

On March 20, 2019, eligible mutual policyholders voted by special resolution (the By-Law Amendment Resolution) to amend the by-laws of the company to allow non-mutual policyholders to vote at the third, and final, special meeting on demutualization. Without this eligible mutual policyholder support, the process would have ended as demutualization can only occur if there is a vote to approve the conversion plan that includes eligible non-mutual policyholders.

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