Is Economical Insurance Canadian?
Yes
Listed as Canadian-owned; registry confirmation still pending.
What we found
Founded in 1871 and headquartered in Waterloo, Ontario. Demutualized in November 2021 and went public on the TSX, becoming Definity Financial Corporation while maintaining Canadian ownership and control.
The receipt
| Verdict | Canadian-owned |
| Category | Financial Services |
| HQ | Waterloo, ON |
| Confidence | high |
| Evidence | Secondary source only |
| Source | https://insurance-canada.ca/2021/09/02/definity-financial-corporation-… secondary source — registry check pending “Economical Mutual Insurance Company will have a new parent company following demutualization, newly incorporated Definity Financial.” Verdicts are only marked verified once a government registry record or corporate filing confirms them. |
More Canadian brands in Financial Services
Every brand below is listed as Canadian-owned in our registry.
| Brand | Category | HQ Location | Ownership Check |
|---|---|---|---|
| Belairdirect | insurance | Montreal, QC | View ownership → |
| Belairdirect Insurance | Insurance | Montreal, QC | View ownership → |
| Beneva | Insurance | Quebec City, Quebec | View ownership → |
| Beneva / Gore Mutual | Insurance | Montreal, QC | View ownership → |
| BMO Insurance | Insurance | Toronto, Ontario | View ownership → |
| Canada Life | Insurance | Toronto, Ontario | View ownership → |
Spotted something wrong? Ownership changes all the time — report a correction and we'll re-check the records.