CONFIDENCE IN OUR FUTURE
A message from Rowan Saunders, President & CEO
April 24, 2020
As we begin to fully understand what the full impact of the COVID-19 pandemic will be, it has become clear to me that our company has the right foundation and culture to emerge from the crisis confident in our capabilities. If there’s one thing our business has, it’s 148 years of growth and evolution through the ups and downs of change.
During the past few years, we have significantly strengthened our core business and invested in strategic initiatives to modernize our business to build a strong, resilient organization that is better able to adapt to the current crisis and position ourselves as best as possible for our upcoming initial public offering (IPO).
Normally I would introduce our annual report with a short video to showcase some highlights from our previous year’s results but given these extraordinary times we are pivoting many of our normal activities to ensure the safety of our employees, broker partners, and customers. Similarly, for the first time in our history, Economical will host a virtual Annual Meeting of Members. This will allow our members to hear directly from our leadership about our financial results and plans for 2020, while maintaining physical distancing.
I encourage you to read our 2019 Annual Report and review the letters from John Bowey, Chair of our Board of Directors, and myself for context on our results and plans for 2020. You will find that we started this year with momentum and that we remain committed to the goals we have set, including continuing our path towards becoming a public company.
President and CEO