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Wawanesa Insurance
Friday, November 20, 2009

Company Information

Wawanesa is a Canadian mutual company owned by its policyholders. It is one of the largest property and casualty insurers in Canada.

Wawanesa has 100% ownership of two subsidiary companies:

Wawanesa has a rich history dating back to September 25, 1896, when it was founded in the Village of Wawanesa, Manitoba. Today executive offices are located in Winnipeg, Manitoba, Canada.

Wawanesa Mutual operates in all areas of Canada as well as in the States of California and Oregon in the U.S.A.

Wawanesa was awarded an A+ (Superior) Rating for its financial strength from A.M. Best Co, the world's oldest and most authoritative insurance rating and information source.

Wawanesa's Canadian insurance products are distributed by over 1,300 independent insurance brokers except in Québec where products are distributed through company agents.

Some Wawanesa traits:

  • Outstanding claims service and underwriting service;
  • Quality broker representation;
  • Solid corporate citizen known for generous charitable giving.
  • Consistent growth;
  • Offers a wide range of quality products.

Wawanesa Insurance - Consolidated Statistical Information
($000's)
  Year   Total
Assets
    Retained
Earnings
  Net
Income
  Premium
Income
 
 
2004
 
3,536,588
 
1,343,099
 
190,720
 
1,528,423
 
 
2005
 
3,877,217
 
1,522,004
 
147,617
 
1,639,672
 
 
2006
 
4,253,086
 
1,688,680
 
167,100
 
1,691,107
 
 
2007
 
4,663,214
 
1,953,146
 
115,776
 
1,737,650
 
 
2008
 
4,716,224
 
1,726,726
 
19,049
 
1,818,497
 

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