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Protecting Communities Across Ontario350 Pinebush Road Cambridge, Ontario N1T 1Z6 Phone: 519-622-9220 www.omia.comRooted in Community Since 1856Algoma Mutual ThessalonAmherst Island Mutual StellaAxiom Mutual Zurich & StrathroyAyr Farmers Mutual AyrBay of Quinte Mutual PictonBCM Insurance Welland (Pelham)Brant Mutual BrantfordCaradoc Townsend Mutual Waterford & KomokaCayuga Mutual CayugaThe Commonwell Lindsay & Perth Dufferin Mutual ShelburneEdge Mutual DraytonErie Mutual DunnvilleGermania Mutual AytonGrenville Mutual KemptvilleHD Mutual Guelph & ShefeldHTM Insurance CobourgHeartland Farm Mutual Waterloo & ThamesfordHowick Mutual WinghamKent & Essex Mutual ChathamL&A Mutual NapaneeLambton Mutual WatfordMaple Mutual DresdenMutualONE Seaforth & Ilderton North Blenheim Mutual BrightNova Mutual Simcoe & JarvisPeel Mutual BramptonSalus Mutual DuttonSouth Easthope Mutual TavistockTradition Mutual SebringvilleTrillium Mutual ListowelUsborne & Hibbert Mutual ExeterWestminster Mutual BelmontWest Wawanosh Mutual GoderichYarmouth Mutual St.Thomasontariomutuals.ca
Rooted in Community Ontario Mutuals is the overarching brand for 36 independent, 100% Canadian, property and casualty insurance companies across the province. Community based, mutual companies are owned and operated for the benet of policyholders. There are no shareholders. Each mutual’s board of directors is elected from among its policyholders. Premiums, together with income from investments, are used to pay losses sustained by the policyholders as well as the expenses of running the company. Any excess surplus generated on a year to year basis either remains in the company’s surplus account for the benet of the policyholders or may from time to time be refunded to policyholders. Additionally, Ontario Mutuals have earned a reputation for championing initiatives that uplift their communities. Whether it’s donating to re departments, hospitals, or anything in between, mutuals truly grasp the signicance of community. Last year, Ontario Mutuals generously contributed over two million dollars to more than 500 diverse organizations. A Rich History The farm mutuals started in the mid-1800s and have remained strong, stable and reliable throughout the years. Although their roots are agricultural, today they offer a full range of home, auto, business, and farm insurance. Working Together, For the Good of All The Ontario Mutuals brand is managed through its trade association OMIA, (Ontario Mutual Insurance Association). Established in 1882, OMIA provides a variety of service to support member companies. The Canadian Association of Mutual Insurance Companies, or CAMIC, networks mutuals nationally. Quick FactsNumber of Farm Mutuals: 36Formed: 1856 to 1910Ontario Ownership: 100%Employees: over 1,400Policyholder Directors: ~ 275Policyholders: over 450,000Financial Stability• $1.4 Billion policyholders’ surplus (among highest in Canada)• Ontario Mutuals own Farm Mutual Re, their own reinsurance company• The Fire Mutuals Guarantee Fund protects policyholders through surplus of all Ontario mutuals and Farm Mutual Re2022 PremiumsTotal $1.14 Billion (10th largest in Ontario) including: Property $645 Million (6th largest in Ontario) Auto $406 Million (12th largest in Ontario)A Strong & Sophisticated Financial Model Ontario’s purely mutual insurance companies participate in what is called the Fire Mutuals Guarantee Fund. Formed in 1976, the Fund acts as a safety should any member mutual face insolvency.In the very unlikely event of the insolvency, a the fund would cover 100% of current insurance claims, and policyholders would not lose any unearned premiums paid.The Mutuals also own their own reinsurance company. Farm Mutual Re was the rst Canadian-owned reinsurance company when it was formed in 1959 and is one of only two Canadian-owned reinsurers in existence today.
Rooted in Community Ontario Mutuals is the overarching brand for 36 independent, 100% Canadian, property and casualty insurance companies across the province. Community based, mutual companies are owned and operated for the benet of policyholders. There are no shareholders. Each mutual’s board of directors is elected from among its policyholders. Premiums, together with income from investments, are used to pay losses sustained by the policyholders as well as the expenses of running the company. Any excess surplus generated on a year to year basis either remains in the company’s surplus account for the benet of the policyholders or may from time to time be refunded to policyholders. Additionally, Ontario Mutuals have earned a reputation for championing initiatives that uplift their communities. Whether it’s donating to re departments, hospitals, or anything in between, mutuals truly grasp the signicance of community. Last year, Ontario Mutuals generously contributed over two million dollars to more than 500 diverse organizations. A Rich History The farm mutuals started in the mid-1800s and have remained strong, stable and reliable throughout the years. Although their roots are agricultural, today they offer a full range of home, auto, business, and farm insurance. Working Together, For the Good of All The Ontario Mutuals brand is managed through its trade association OMIA, (Ontario Mutual Insurance Association). Established in 1882, OMIA provides a variety of service to support member companies. The Canadian Association of Mutual Insurance Companies, or CAMIC, networks mutuals nationally. Quick FactsNumber of Farm Mutuals: 36Formed: 1856 to 1910Ontario Ownership: 100%Employees: over 1,400Policyholder Directors: ~ 275Policyholders: over 450,000Financial Stability• $1.4 Billion policyholders’ surplus (among highest in Canada)• Ontario Mutuals own Farm Mutual Re, their own reinsurance company• The Fire Mutuals Guarantee Fund protects policyholders through surplus of all Ontario mutuals and Farm Mutual Re2022 PremiumsTotal $1.14 Billion (10th largest in Ontario) including: Property $645 Million (6th largest in Ontario) Auto $406 Million (12th largest in Ontario)A Strong & Sophisticated Financial Model Ontario’s purely mutual insurance companies participate in what is called the Fire Mutuals Guarantee Fund. Formed in 1976, the Fund acts as a safety should any member mutual face insolvency.In the very unlikely event of the insolvency, a the fund would cover 100% of current insurance claims, and policyholders would not lose any unearned premiums paid.The Mutuals also own their own reinsurance company. Farm Mutual Re was the rst Canadian-owned reinsurance company when it was formed in 1959 and is one of only two Canadian-owned reinsurers in existence today.
Protecting Communities Across Ontario350 Pinebush Road Cambridge, Ontario N1T 1Z6 Phone: 519-622-9220 www.omia.comRooted in Community Since 1856Algoma Mutual ThessalonAmherst Island Mutual StellaAxiom Mutual Zurich & StrathroyAyr Farmers Mutual AyrBay of Quinte Mutual PictonBCM Insurance Welland (Pelham)Brant Mutual BrantfordCaradoc Townsend Mutual Waterford & KomokaCayuga Mutual CayugaThe Commonwell Lindsay & Perth Dufferin Mutual ShelburneEdge Mutual DraytonErie Mutual DunnvilleGermania Mutual AytonGrenville Mutual KemptvilleHD Mutual Guelph & ShefeldHTM Insurance CobourgHeartland Farm Mutual Waterloo & ThamesfordHowick Mutual WinghamKent & Essex Mutual ChathamL&A Mutual NapaneeLambton Mutual WatfordMaple Mutual DresdenMutualONE Seaforth & Ilderton North Blenheim Mutual BrightNova Mutual Simcoe & JarvisPeel Mutual BramptonSalus Mutual DuttonSouth Easthope Mutual TavistockTradition Mutual SebringvilleTrillium Mutual ListowelUsborne & Hibbert Mutual ExeterWestminster Mutual BelmontWest Wawanosh Mutual GoderichYarmouth Mutual St.Thomasontariomutuals.ca