Western to take full ownership by Dec. 31, 2013
Revenue jumps 33% in 2009
Acquisition provides platform for growth in commercial insurance
Closing scheduled for Sept. 3
Western Financial Group Inc. has completed its previously announced domestic convertible debenture financing, the company said Tuesday. The financing was completed by way of private placement and as a result has issued $16.71 million aggregate principal amount of convertible unsecured subordinated debentures. “Net proceeds from the financing will be used to increase ownership of certain […]
Operating income rises in all three business units
Bakes-Jarvie joins agency network
Net income up 42.8%
The Alberta-based firm is continuing to expand its reach into small-town Western Canada
Western Financial Group today reported record revenues and net income for the year ended Dec. 31, 2007. The High River, Alta.-based firm said net income increased 52.9% to $12.2 million from $8 million a year ago.Basic earnings per share were 24¢ up from 22¢ in 2006.Revenue for the year increased by 38.1% to $114.1 million […]