Achieving scale and diversification inorganically
We are currently pursuing demutualization under a framework established by the federal government in 2015. The culmination of that process is a planned initial public offering (“IPO”), which would open access to capital markets, providing increased financial flexibility to support our strategic initiatives, including significantly enhancing our ability to acquire other companies. In anticipation of our IPO, we have built sophisticated risk management, corporate governance, corporate development, investment management, and reporting capabilities. We recently completed the acquisition of Western Financial Insurance Company (renamed Petline Insurance Company) and its flagship brand, Petsecure, broadening our product portfolio. We continue to seek small and medium-sized acquisition opportunities and are actively expanding our strategic partnerships both with brokers and in other areas of our business.