November 2021 – Demutualization Completed

On November 23rd, we completed the demutualization of Economical Mutual Insurance Company and the initial public offering of Definity Financial Corporation (TSX: DFY), our parent company.

Distribution of Financial Benefits to Eligible Policyholders

With the IPO complete, we can now calculate and distribute financial benefits to eligible policyholders in the form of cash or Definity shares.

The process to distribute benefits to eligible policyholders will take several weeks and complete before the end of 2021. This process will take time due to the complexity of accurately calculating and sending benefits to all 630,000 eligible policyholders. If you are an eligible policyholder, we kindly ask for your patience as benefits are being distributed.

Preparing for the Future as We Celebrate 150 Years of History

Economical is in the unique position of celebrating our 150-year history of serving the home, auto, and business insurance needs of Canadians while setting the stage for our future as a public company. If you want to learn more about our history, we encourage you to visit

Thank you for being part of our historic journey

Have questions? See our FAQ page.

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