About Western Financial Group
Western Financial Group is a company based in High River (Canada) founded in 1996 was acquired by Wawanesa Insurance in February 2017.. Western Financial Group has completed 6 acquisitions, including Axion Insurance, EGM Insurance and HED Courtier en Assurance. Western Financial Group offers products and services including Home Insurance, Car Insurance, Business Insurance, Life Insurance, and Travel Insurance. Western Financial Group operates in a competitive market with competitors including Sun Life Financial, The Co-operators, Blue KC, Canada Life and Prudential, among others.
- Headquarter High River, Canada
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Sectors
Financial Services
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Email
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Phone
*********
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Website
*********
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Social
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Annual Revenue
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Net Profit
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EBITDA
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Latest Funding Round
- Investors
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Employee Count
Employee Count
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Investments & Acquisitions
Axion Insurance
& 5 more
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Acquired by
Wawanesa Insurance
(Feb 16, 2017)
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Products & Services of Western Financial Group
Western Financial Group offers a comprehensive portfolio of products and services, including Home Insurance, Car Insurance, Business Insurance, Life Insurance, and Travel Insurance. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Coverage for homes against damage, theft, and liability risks.
Protection for automobiles against accidents and third-party claims.
Policies for businesses covering liability and property losses.
Financial protection for families in case of death or disability.
Coverage for trips including medical emergencies and trip cancellations.
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Leadership Team
4 people
Human Resources and Administration
1 people
Finance and Accounting
1 people
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Funding Insights of Western Financial Group
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Western Financial Group
Western Financial Group has secured backing from 1 investor. Prominent investors backing the company include Wawanesa Insurance. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
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Mutual property and casualty insurance is provided to policyholders.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Western Financial Group
Western Financial Group has strategically engaged in corporate development activities, having acquired 6 companies. Notable acquisitions include Axion Insurance, EGM Insurance and HED Courtier en Assurance. These strategic investments and acquisitions demonstrate the company's commitment to growth through portfolio expansion, market consolidation, technology integration, and strategic partnerships that enhance competitive positioning and drive long-term value creation.
| Company Name | Description | Domain | Location | Founded Year | Amount |
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Commercial and collective insurance services are provided to businesses.
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1996 | ||||
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Motorcycle, car, travel, home, and commercial insurance services are offered.
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1990 | ||||
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Provider of auto, home, travel & life insurance services
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1982 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
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OVO is recognized as a smart digital payment application.
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2017 | ||||
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Bionic investment advisor platform
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 |
Financial Statements - Western Financial Group
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Western Financial Group Comparisons
Competitors of Western Financial Group
Western Financial Group operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Sun Life Financial, The Co-operators, Blue KC, Canada Life and Prudential, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Insurance and asset management services are offered to diverse clients.
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| domain | founded_year | HQ Location |
Diversified insurance services are offered across Canada.
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| domain | founded_year | HQ Location |
Provides health insurance plans for individuals, families, employers, and Medicare recipients.
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| domain | founded_year | HQ Location |
Provider of life insurance, investment, and retirement products
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| domain | founded_year | HQ Location |
Financial services for pensions and investments are provided by Prudential.
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| domain | founded_year | HQ Location |
Mutual life insurance is provided to clients across Canada.
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| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Western Financial Group
Frequently Asked Questions about Western Financial Group
When was Western Financial Group founded?
Western Financial Group was founded in 1996.
Where is Western Financial Group located?
Western Financial Group is headquartered in High River, Canada. It is registered at High River, Alberta, Canada.
What does Western Financial Group do?
Western Financial Group was established in 1996 in High River, Canada, as an insurance carrier. Operations are centered on providing personal and commercial insurance products within the Canadian market. Services include property, casualty, and liability coverage, with distribution handled through a network of brokers and agents. The company maintains its headquarters in Alberta, serving clients across various provinces with standard underwriting practices.
Who are the top competitors of Western Financial Group?
Western Financial Group's top competitors include Sun Life Financial, The Co-operators and Beazley.
What products or services does Western Financial Group offer?
Western Financial Group offers Home Insurance, Car Insurance, Business Insurance, Life Insurance, and Travel Insurance.
How many acquisitions has Western Financial Group made?
Western Financial Group has made 6 acquisitions, including Axion Insurance, EGM Insurance, and HED Courtier en Assurance.
Who are Western Financial Group's investors?
Western Financial Group has 1 investor. Key investors include Wawanesa Insurance.