Western Financial Group Inc. · High River, AB Canada ·(Toronto: WES)
Company Description
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This link will open in a new window Western Financial Group provides banking, investment, and insurance services throughout the Canadian provinces of Alberta, British Columbia, Manitoba, and Saskatchewan. The group is one of the larger property/casualty insurance brokers in Canada, selling coverage through the WFG Agency Network. Banking services are provided through Western Financial Group's Bank West operations, and the company has also started its own mutual fund dealer business, Western Mutual Fund Company. In business for about 100 years, Western Financial Group as a whole has about 180,000 customers. To read the full description, subscribe now.
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Key Western Financial Group Inc. Financials
| Company Type | Public - Toronto: WES Headquarters |
| Fiscal Year-End | December |
| 2008 Sales (mil.) | $104.9 |
| 2008 Employees | 558 |
Western Financial Group Inc. Executives
13 executives listed for Western Financial Group Inc.'s High River, AB location.
| Title | Name & Bio | Contact |
| Chairman | Jim Dinning | Network |
| President, CEO, and Director | Scott Tannas | Network |
| EVP Finance and Administration and CFO | Catherine Rogers | Network |
Competition
Competitive Landscape for Western Financial Group Inc.
Demand is related to consumer income and commercial business activity. When the economy grows, so does the demand for personal and business insurance. When the economy contracts, as it did in the late 2000s, demand for insurance falls. The profitability of individual agencies depends on effective marketing, client referrals, and customer service. Large agencies have advantages in name recognition, connections with more insurers, and the ability to craft more complex insurance packages. Although small agencies formerly competed by specializing in a specific product line, they are increasingly diversifying to build business. Average annual revenue per employee is around $200,000. To read the full description, subscribe now.Top Western Financial Group Inc. Competitors
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