In a rapidly changing industry, where technology and consumer expectation continually change and evolve, Economical’s vision is an ambitious one — to be one of Canada’s top P&C insurers, recognized for our business innovation and how well we take care of our customers. We have set our sights high and have been making significant moves to ensure we have the right infrastructure, leadership, and capabilities in place to succeed.

In recent years, Economical has focused on strengthening our business, while advancing innovative strategies to enable significant competitive advantages. While there is no one action that will ensure success, when taken together, these actions provide the roadmap for strong performance to make Economical an industry leader with a long and bright future.

As we work to complete the remaining steps of the regulatory requirements for demutualization, there are three key areas we are focusing on to ensure a successful IPO:

1. Improving our financial performance through our business transformation initiatives
2. Closely monitoring capital market performance to help determine the optimal time for our transaction
3. Satisfying a separate set of regulatory requirements with securities regulators and a stock exchange

We are moving quickly and diligently to generate profitability and building momentum for our future as a successful public company. Given the experience of our executive and our Board, the dedication of our employees, and the support of our valued broker partners, it is a future that our policyholders and our future shareholders can depend on.