Frequently Asked Questions
The following questions give an overview of ING Canada and its
products. For more detailed information about our business and the
Canadian property and casualty (P&C) insurance industry, please
download our
prospectus.
1.
Who is ING Canada
2.
What insurance products do you offer?
3.
How do you distribute your insurance products?
4.
Are you the same company as ING DIRECT?
5.
Where is ING Canada's stock listed?
6.
Are the shares of ING Canada included in the TSX
index?
7.
What is the CUSIP for ING Canada Inc. common
shares?
8.
Who is ING Canada's transfer agent?
9.
Does ING Canada pay a dividend?
10.
Do you have a dividend reinvestment plan, or
DRIP?
11.
Are dividends paid by ING Canada considered eligible
dividends for Canadian tax purposes?
ING Canada is the largest provider of property and casualty
(P&C) insurance in Canada, with a market share of 11.0% based
on 2006 direct premiums written. We are the largest P&C insurer
in Quebec, Alberta, Nova Scotia and British Columbia and the second
largest in Ontario, operating through ING Insurance, ING Novex,
Nordic, belairdirect and Trafalgar.
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Our business is organized into two product lines: personal
and commercial insurance. Our personal insurance business,
representing 70% of our direct premiums written in 2006, consists
of automobile and property insurance sold to individuals. Our
commercial insurance business consists of automobile, property,
liability, surety and specialty coverage sold to small and
medium-sized commercial clients.
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We employ a multi-channel distribution approach. We primarily
conduct business through approximately 2,800 brokerages in Canada;
we additionally distribute product directly through belairdirect as
well as through our Affiliated Distribution Networks comprised of
strategically aligned brokers in which we have an ownership
interest.
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4
No. ING Canada and ING DIRECT are both affiliated with the
Amsterdam-based ING Groep but we are separate companies.
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5
We are listed on the Toronto Stock Exchange, under the ticker
symbol "IIC".
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6
Yes. Effective March 17, 2006 ING Canada's shares were added
to the S&P/TSX Composite Index. For further details, click
here.
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7
It is 44982K 10 5 (44982K 20 4 for U.S. holders).
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8
Computershare Investor Services Inc. (100 University Avenue,
9th floor, Toronto, Ontario M5J 2Y1 1 800 564-6253) serves as our
transfer agent. Shareholders should, however, contact their broker
directly if they have questions about the administration of their
holdings (e.g., address changes, tax receipts).
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9
Yes, we do. We currently pay a quarterly dividend of $0.31
per share. Record, ex-dividend and payment dates can be found on
the Events Calendar.
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Yes, we do. Shareholders have the option of either
participating through their existing broker, if eligible, or
otherwise through the Co-Operative Investing Service operated by
Canadian ShareOwner Investments Inc. For further details, click
here.
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Yes, all dividends (and deemed dividends) paid to Canadian
residents on our common shares after December 31, 2005 are
designated as eligible dividends. Unless stated otherwise, all
future dividends (and deemed dividends) paid by the company are
designated as eligible dividends. More detailed text is provided
under Dividend History.
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