Stock WED THE WESTAIM CORPORATION
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Company The Westaim Corporation

Equities

WED

CA9569093037

Property & Casualty Insurance

Market Closed - Toronto S.E.
Other stock markets
 15:59:55 2024-04-26 EDT 		5-day change 1st Jan Change
3.73 CAD +0.81% Intraday chart for The Westaim Corporation +0.54% -0.67%
03-28 Tranche Update on The Westaim Corporation's Equity Buyback Plan announced on September 15, 2023. CI
03-27 The Westaim Corporation Brief: Recorded a net profit of US$35.1 million ($0.26 diluted earnings per share) for Q4 2023 compared to a net profit of $32.8 million ($0.23 diluted earnings per share) for Q4 2022 MT

Business Summary

The Westaim Corporation is an investment company, which specializes in providing long-term capital to businesses operating within the global financial services industry. It invests, directly and indirectly, through acquisitions, joint ventures and other arrangements, with the objective of providing its shareholders with capital appreciation and real wealth preservation. Its strategy is to pursue investment opportunities with a focus towards the financial services industry and grow shareholder value over the long term. Its investments include significant interests in Skyward Specialty, Arena and Arena FINCOs. Skyward Specialty is a diversified specialty property and casualty insurance holding company that underwrites select property, casualty, surety, and accident and health insurance coverages. The Arena FINCOs includes specialty finance companies that purchase fundamentals-based, asset-oriented credit and other investments. Arena Investors operates as an investment manager.

Number of employees: 8

Sales per Business

CAD in Million2022Weight2023Weight Delta
Investment and Related Activities
100.0 %
14 100.0 % 12 100.0 % -16.27%

Sales per region

CAD in Million2022Weight2023Weight Delta
Canada
100.0 %
14 100.0 % 12 100.0 % -16.27%

Managers

Managers TitleAgeSince
John Cameron MacDonald CEO
 Chief Executive Officer 63 08-12-18
Glenn MacNeil DFI
 Director of Finance/CFO 64 14-12-31
Robert Kittel COO
 Chief Operating Officer 52 12-12-31

Members of the board

Members of the board TitleAgeSince
Ian Delaney CHM
 Chairman 79 96-04-30
Bruce Walter BRD
 Director/Board Member 66 97-04-30
John Cameron MacDonald CEO
 Chief Executive Officer 63 08-12-18
Kevin Edward Parker BRD
 Director/Board Member 65 20-04-30
Lisa Mazzocco BRD
 Director/Board Member - 20-04-30
John Gildner BRD
 Director/Board Member 62 09-04-30
Michael Siegel BRD
 Director/Board Member - 23-09-20

Share class

VoteQuantityFree-FloatCompany-owned sharesTotal Float
Stock A 1 128,638,385 113,822,045 ( 88.48 %) 0 88.48 %

Shareholders

NameEquities%Valuation
Ian Delaney
6.090 %
8,250,883 6.090 % 23 M $
Parag Shah
2.214 %
3,000,000 2.214 % 8 M $
Franklin Bissett Investment Management
0.8204 %
1,111,530 0.8204 % 3 M $
Singular Asset Management SGIIC SA
0.6913 %
936,662 0.6913 % 3 M $
Renta 4 Gestora SGIIC SA
0.5580 %
756,042 0.5580 % 2 M $
John Cameron MacDonald
0.3470 %
470,092 0.3470 % 1 M $
Langdon Equity Partners Ltd.
0.3388 %
458,984 0.3388 % 1 M $
Stephen Cole
0.2598 %
352,000 0.2598 % 960 960 $
Andbank Wealth Management SGIIC SAU
0.2515 %
340,784 0.2515 % 930 340 $
Maxam Capital Management Ltd.
0.2495 %
338,000 0.2495 % 922 740 $

Holdings

NameEquities%Valuation
SKYWARD SPECIALTY INSURANCE GROUP, INC.
17.45%
 6,979,639 17.45% 261,108,295 $

Company contact information

The Westaim Corp.

70 York Street Suite 1700

M5J 1S9, Toronto

+

http://www.westaim.com
address The Westaim Corporation(WED)

Sector

Financials
Insurance
Insurance
Property & Casualty Insurance
Other Property & Casualty Insurance

Analysts' Consensus

Sell
Consensus
Buy
Mean consensus
OUTPERFORM
Number of Analysts
1
Last Close Price
3.73 CAD
Average target price
4.75 CAD
Spread / Average Target
+27.35%
Consensus

Chiffre d''affaires - Rate of surprise

Company calendar

Sector Other Property & Casualty Insurance

1st Jan change Capi.
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-0.67% 351M
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