What's New

YOUR SPECIAL MUTUAL REBATE CHEQUE IS IN THE MAIL!

4/4/2018

We have been busy preparing over 35,300 cheques for each of our Members. PEI Mutual experienced excellent financial results in 2017. Our Members will share $4,800,000 in Mutual rebates, 10% of Premiums, paid by Special Mutual Rebate cheque, plus another 10% in reduced premiums this year.

PEI Mutual’s excellent financial results were due to our Members commitment to our values of shared protection, loss prevention and financial success.

Special Mutual Rebate

4/3/2018

Your cheque is in the mail! Policyholders of PEI Mutual share a special relationship as Members of the Company. The Members of PEI Mutual have been protecting each other since 1885 and since that time we have welcomed Islanders to join in our values of shared protection, loss prevention and financial successes.

In years where financial results allow our Members receive Mutual Rebates in the form of reduced annual premiums. In exceptional years our Members have received Special Mutual Rebates in the form of a cheque.

As a result of the very positive shared financial experience in 2017 our Board of Directors has declared Mutual Rebates totaling approximately $4,800,000. This means that each Member as of December 31st, 2017 will be receiving:

  • 10% of your 2017 premium paid to you by cheque totaling $2,400,000; and
  • 10% of your 2018 premium which will be deducted from your renewal invoice totaling $2,400,000.
With our head office on Prince Edward Island we make decisions locally for our policyholders. Our Board of Directors is able to ensure that we maintain fair pricing for our policies and make adjustments through Mutual Rebates when conditions permit. Mutual Rebates have been approved in 28 of the last 34 years amounting to approximately $46,000,000.

Thank you to our Members for choosing PEI Mutual as your insurance provider. With your continued support we will continue to maintain insurance services to you at reasonable prices.

Sincerely Yours,

Blair Campbell
CEO / General Manager

NOTICE OF ANNUAL GENERAL MEETING of the PRINCE EDWARD ISLAND MUTUAL INSURANCE COMPANY

3/20/2018

The Annual Meeting of the Members of the Prince Edward Island Mutual Insurance Company will be held at the Royal Canadian Legion building, 340 Notre Dame Street, Summerside, PEI on the 10th day of April, 2018, at 2:00 p.m.

The purpose of the meeting is to receive the financial statements and the auditor's report for 2017; to elect directors; to appoint auditors; and to transact other business which may properly be brought before the meeting.

A copy of PEI Mutual's Annual Report is available on our website www.peimutual.com or by contacting head office at 1-800-565-5441.

Blair Campbell,
Corporate Secretary

PEI Mutual - Safety First

3/19/2018

Retiring PEI Mutual Safety Surveyor Franklin Sanderson welcomes new Safety Surveyor Gary Bryson and offers him best wishes in his new career.

Our loss prevention program, which offers free safety surveys to policyholders, was developed under Franks guidance since he started with PEI Mutual in 1985. The Survey program has benefited policyholders by preventing and reducing the risk of loss to their homes, farms, and families. With Gary joining the PEI Mutual team, Frank is confident the program is in good hands.

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