How many employees work at Economical Insurance?
Economical Insurance has approximately 1,617 total employees worldwide as of March 2026, according to Revelio Labs workforce intelligence data. Economical Insurance's total headcount has declined 13.8% from 1,876 employees in 2023 to 1,617 in 2026.
Data source: Revelio LabsCoverage: Global workforce, 2023–2026Published July 2026
Is Economical Insurance hiring right now?
Yes, Economical Insurance is actively hiring. Economical Insurance had 6 active job postings in 2026, a 0.0% no change from 2025 — see job openings & hiring trends.
About Economical Insurance's Workforce
Economical Insurance is a Financial Services company that employs 1,617 people worldwide as of March 2026. It is the 10th-largest by headcount among its peers. Founded in 1871, the company is headquartered in Waterloo, Canada.
Economical Insurance's workforce has declined 13.8% from 2023 to 2026, down 1.4% year over year in 2026. It fell to a low of 1,617 in 2026 Q1 before recovering. Its workforce is concentrated most in Canada (96.9%), followed by the United States (0.7%) and Belgium (0.3%), with the United States, its fastest-growing location.
Economical Insurance's largest functional groups are Finance and Operations (53.1%), Engineering (32.9%), and Sales and Marketing (14.0%). Median employee tenure is 7.3 years. The average salary is $72,242, ranging from a median of $65,000 in Northern America to $9,000 in Sub-Saharan Africa.
Economical Insurance's hiring activity held steady in 2026.
Sourced from Revelio Labs workforce data.
As of March 2026
Economical Insurance
workforce metrics
Headcount
1.6k
1.4% YoY
Avg. Salary
$72.2k
0.4% YoY
Tenure
7.3yr
0.1yr YoY
Growth Rate
-1.4%
0.1pts YoY
Hiring Rate
Attrition Rate
Unlock hiring rate, attrition rate, and 12 additional workforce metrics for Economical Insurance. Compare to peers, export the dataset, and access the full quarterly history.
- Economical Insurance had 1,617 employees in 2026, a 1.4% decline (-52) from 2025.
- Economical Insurance had 1,643 employees in 2025, a 1.8% decline (-41) from 2024.
- Economical Insurance had 1,684 employees in 2024, a 1.9% decline (-118) from 2023.
- Economical Insurance had 1,802 employees in 2023, a 2.9% decline (-187) from 2022.
Economical Insurance's total workforce has declined from 1,876 employees in 2023 to 1,617 in 2026.
Economical Insurance — quarterly employee count (2023–2026)
| Year | Qtr | Employees | YoY Change | YoY % |
|---|---|---|---|---|
| 2026 | Q1 | 1,617 | -52 | -1.4% |
| 2025 | Q4 | 1,643 | -41 | -1.8% |
| 2025 | Q3 | 1,651 | -55 | -1.6% |
| 2025 | Q2 | 1,664 | -67 | -1.2% |
| 2025 | Q1 | 1,669 | -95 | -1.6% |
| 2024 | Q4 | 1,684 | -118 | -1.9% |
| 2024 | Q3 | 1,706 | -141 | -2.6% |
| 2024 | Q2 | 1,731 | -145 | -3.1% |
| 2024 | Q1 | 1,764 | -160 | -2.6% |
| 2023 | Q4 | 1,802 | -187 | -2.9% |
| 2023 | Q3 | 1,847 | -213 | -3.0% |
| 2023 | Q2 | 1,876 | -228 | -2.3% |
Want to see Economical Insurance's complete headcount history back to 2008, including quarterly breakdowns?
Canada accounts for the largest share of Economical Insurance's global workforce with approximately 97% of total employees, followed by the United States and Belgium.
Economical Insurance employees by country — 2026
| Country | Employees | % of Total | YoY % |
|---|---|---|---|
| Canada | 1,560 | 96.9% | -2.0% |
| United States | 10 | 0.7% | +0.0% |
| Belgium | 5 | 0.3% | +0.0% |
| Nigeria | 4 | 0.3% | +0.0% |
| Norway | 2 | 0.1% | +0.0% |
| France | 2 | 0.1% | +0.0% |
| Italy | 2 | 0.1% | +0.0% |
| Congo - Democratic Republic of the Congo | 2 | 0.1% | +0.0% |
| Serbia | 2 | 0.1% | +0.0% |
| United Kingdom | 2 | 0.1% | +0.0% |
Drill into city-level data, hiring trends by region and historic geographic shifts
Economical Insurance's largest employee groups are Finance and Operations (53.1%), Engineering (32.9%), and Sales and Marketing (14.0%).
Economical Insurance employees by department — 2026
| Department | Employees | % of Total | YoY % |
|---|---|---|---|
| Finance and Operations | 842 | 53.1% | -1.3% |
| Engineering | 522 | 32.9% | -2.3% |
| Sales and Marketing | 222 | 14.0% | -3.6% |
Compare Economical Insurance's department mix to industry peers.
Economical Insurance's average employee salary is $72,242 globally. Employees in Northern America receive the highest compensation. Pay is lowest in Sub-Saharan Africa, at a median of $9,000.
Economical Insurance median employee salary by region — 2026 (USD)
| Region | Median Salary |
|---|---|
| Northern America | $65,000 |
| Western Europe | $60,000 |
| Northern Europe | $48,000 |
| Southern Europe | $37,000 |
| Central America and the Caribbean | $25,000 |
| Southern America | $22,000 |
| Northern Africa | $18,000 |
| Sub-Saharan Africa | $9,000 |
Unlock salary by role, level, and city — and compare to Economical Insurance's industry peers.
- Economical Insurance had 6 active job postings in 2026, a 0% no change (-3) from 2025.
- Economical Insurance had 9 active job postings in 2025, a 20.0% decline (-2) from 2024.
- Economical Insurance had 11 active job postings in 2024, a 166.7% increase (+10) from 2023.
- Economical Insurance had 1 active job postings in 2023, a 190.7% decline from 2022.
- Hiring velocity in 2026: 3 new roles/month, down from 14 in 2025 and 11 in 2024. New metric
Economical Insurance's hiring activity held steady in 2026.
Track new postings per month, role-level demand, and hiring velocity vs. peers.
Similar Financial Services Companies by Employee Count
- How fast is Economical Insurance growing?
- In 2026, Economical Insurance's headcount shrank 1.4% to 1,617 employees, down from 1,669 in 2025.
- Where are Economical Insurance employees located?
- Most Economical Insurance employees are based in Canada (96.9% of headcount), followed by the United States and Belgium.
- What is the average salary at Economical Insurance?
- The average employee salary at Economical Insurance is approximately $72.2k per year.
- How many people does Economical Insurance hire per year?
- In 2026, Economical Insurance opened roughly 36 new roles — about 3 per month.
- When was Economical Insurance founded and where is it headquartered?
- Economical Insurance was founded in 1871 and is headquartered in Waterloo, Canada.
See something that doesn't look right? Reach out and our team will review it.